Bullish

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets. The indicator of relevance here is the “Network Growth,” which keeps track of the total number of new addresses appearing on the network daily. Naturally, an address is considered to have been used when it made…

The Bitcoin bulls are back, but a return to $51,000 first is not off the cards. Legendary trader Peter Brandt recently published a Bitcoin chart on X calling for $150,000 $BTC. That said, $BTC is not out of the woods yet, at least in the shorter term. Bulls and billionaires It could be that Bitcoin has already found the bottom, or is close to it for this long 6 month correction. Might $49,000 end up being that bottom? Unless there…

Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near…

The post XRP Reserve Drop on Binance, Bullish Signal or Red Flag? appeared first on Coinpedia Fintech News Since August 2024, the reserve of Ripple’s native token XRP has significantly declined on Binance, the world’s biggest cryptocurrency exchange. Experts and analysts view this as a positive sign, suggesting it could indicate accumulation. XRP Reserve Decline According to the on-chain analytic firm CryptoQuant, XRP reserves have declined by a significant 167 million tokens over the last 5 weeks. However, this is…

Shiba Inu has been struggling to post significant price gains lately, but famed investor Jake Gagain does not care about it and stays extremely optimistic about the cryptocurrency’s future. Despite the recent dip in value, Gagain was still very optimistic about SHIB. This contrasts with the current SHIB price forecast of a -0.87% decrease, with a predicted price of $0.00001301 by October 9, 2024. Gagain believes that Shiba Inu will experience a large rally soon, now being the 13th-largest cryptocurrency…

The post Dogecoin (DOGE) Price Poised for Bullish Breakout as Memecoin Mania Hits New Peaks appeared first on Coinpedia Fintech News The notable emergence of meme coin mania in several chains—led by Tron (TRX), BSC, and Toncoin (TON) networks—is a staunch reminder that Dogecoin (DOGE) ‘s bullish breakout is on the horizon. As the top meme coin project, backed by a strong online community of more than 7.4 million holders and secured through the legendary Proof-of-Work (PoW) consensus method, it…

The post Best Crypto Coins To Buy Now for the Next Bull Run: Experts Are Highly Bullish on These (returns exceeding 100x) appeared first on Coinpedia Fintech News With the crypto market poised for its next big leap, seasoned investors and newcomers alike are gearing up to capitalize on the upcoming bull run. The key to success in this volatile market is identifying the right coins before they explode. From revolutionary gaming ecosystems to scalable blockchain solutions, these projects offer…

A key long-term price indicator for Bitcoin, the 200-day simple moving average (SMA) appears to be losing its bullish momentum as the US economy added fewer jobs in August 2024. Bitcoin Must Overcome The 200-Day SMA To Reverse Trend The 200-day SMA is considered one of the more reliable long-term indicators to gauge an asset’s upcoming price action. Bitcoin’s 200-day SMA shows a weakening bullish momentum, giving short-term traders little joy. Notably, this is the first time since October 2023…

The post Crypto Blood Bath: Bitcoin Loses $54k Levels, No Bullish Action in Sight appeared first on Coinpedia Fintech News Bitcoin experienced a sharp price fluctuation, first rising to $57,000 and then dropping below $55,000 after the release of the U.S. jobs report, triggering volatility in the crypto market. This sudden price swing led to nearly $50 million in liquidations within an hour. Major altcoins like Ethereum, Solana, Ripple’s XRP, and Cardano also saw losses of 3% to 5%.  Bitcoin…