Bullish

Bitcoin might have posted the deepest correction since the FTX crash in November 2022, dipping over 20% from its all-time high of around $74,000. However, Glassnode analysts, while sharing their preview on X, remain cautiously optimistic.  Bitcoin Drops 20% From March High, But Glassnode Is Bullish Glassnode notes that the Bitcoin “macro uptrend still appears to be one of the more resilient in history” and that though corrections have been made, they are relatively shallow. With this position, the blockchain analytics platform…

The post Bittensor TAO Is Bullish Despite AI Crypto Wave, Traders Alert appeared first on Coinpedia Fintech News Despite the AI crypto marker surge Bittensor(TAO), the 4th largest AI coin by marketcap is struggling to rebound. TAO’s performance in a weekly chart is neutral but it is plummeted to 35.2% in a month frame.  TAO’s performance at the start of May was bullish with a 48% increase to a resistance of $487  in just 6 days. But the bulls couldn’t…

TON price rallied nearly 15% and traded above the $6.50 resistance. Toncoin is now showing a few signs of trend exhaustion and might correct gains. Toncoin jumped above the $6.20 and $6.50 resistance levels. The price is now trading above $6.50 and the 100-hourly Simple Moving Average. There is a key parabolic curve forming with support at $6.80 on the hourly chart of the TON/USD pair (data source from Kraken). The pair could start a downside correction if it declines…

The post TON Price To Surge 35% As Toncoin Remains Bullish? appeared first on Coinpedia Fintech News After displaying a correction since the week’s start, the cryptocurrency industry has displayed a positive price action by adding 1.89% to its valuation over the past day. On the other hand, the Toncoin (TON) price has added 12.22% within the past day and 24.36% over the past seven days. Moreover, the Year-to-Date (YTD) return of the Toncoin price stands at +186.99%, indicating a…

The price chart of the Bitgert coin has been showing a bullish trend that is about to start soon. And, with the recent activity of traders and investors with the Bitgert coin, there is a sign the Bitgert coin could be getting ready to soar before the end of this week. This rising move will be the start of the bullish trend speculators and crypto gurus have been hinting at for some weeks now. Even though the altcoin market has…

The meme coin market is heating up again, and three projects are leading the charge. Pepe, Book of Meme, and Dogeverse have all been pumping in the past 24 hours – causing crypto investors to speculate that we might be on the verge of another meme coin bull run. PEPE Leads Meme Coin Charge with 8% Pump Let’s start with Pepe (PEPE) – the world’s third-largest meme coin by market cap. This frog-themed token has been flexing in the last…

The post Why Does Bitcoin Still Require Correction After ETF and Halving? Why Are Markets Perplexed Following a Bullish Event? appeared first on Coinpedia Fintech News A fresh wave of volatility has hit the crypto markets as the prices of the majority of the cryptos have been fluctuating close to their support levels. Meanwhile, the Bitcoin price is also facing equal bullish and bearish pressure, which suggests a major price action is on the horizon. However, the question remains why…

The Cardano (ADA) price is down 46% since its yearly high and is currently facing a make-or-break price level for a bullish reversal. Here’s what you need to know: Cardano Price Analysis: Daily Chart The daily ADA/USD chart is currently charting a path within a descending channel, which has defined the bearish trend since the beginning of March. On Monday, the ADA price peaked near $0.475, encountering substantial resistance at the channel’s upper boundary and from the critical 20-day Exponential…

Dogecoin (DOGE) has had mixed fortunes lately. The coin rose throughout March but fell dramatically in April and early May. However, despite DOGE’s volatility, many traders remain bullish on its long-term prospects. Some traders are also bullish on the new meme coin project Dogeverse (DOGEVERSE) – which has raised over $13 million during its token presale event. Wild Ride for DOGE Holders After Coin Hits Two-Year High It’s been a wild ride for Dogecoin in the past few months. Meme…