indicators

Bitcoin has definitely performed on the bullish side for the past three weeks. Many investors are now convinced of the full return of bullish price actions, and various technical indicators support this surge in optimism. One such indicator is the hash ribbon, which highlights a positive price momentum for Bitcoin. The hash ribbon provides a compelling view of on-chain activity by tracking the behavior of miners, who are known to have a direct influence on the cryptocurrency’s price. Price Momentum…

As Bitcoin approaches a decade and a half years of flawless service, it becomes increasingly difficult not to accept its technical stability. Though it may be a technical accomplishment, this strength made Bitcoin different from many centralized systems, which can suffer outages and downtimes. Just last week, the global IT outage sparked by CrowdStrike revealed again how vulnerable centralized financial systems can be across sectors. On the contrary, Bitcoin has long functioned unabated and displayed extreme financial strength during growth…

The post ADA, FTM And Other Altcoins Will Rally Soon; Indicators Turn Green appeared first on Coinpedia Fintech News Currently, Bitcoin is up by 4% and many altcoins are printing gains. According to the analyst of The Sniper Trading Show, this suggests that when the market is in a state of extreme fear, it can be a good time to take on risk. To maximize gains, he recommends categorizing tokens into low, medium, high, and very high risk. As the market…

The post XRP Price Prediction: Indicators Are Screaming a Repeat of the Explosive 2017 Rally; $3 Coming Soon? appeared first on Coinpedia Fintech News Despite XRP’s beaten-down price against Bitcoin, indicators like the Relative Strength Index suggest a major bullish run may be forthcoming. According to analyst Moon Lambo, historical metrics predict a bull run when XRP’s metrics align as they currently do.  The analyst also stressed the importance of traditional markets, such as equities, in influencing the performance of…

Ethereum price is moving higher above the $3,080 resistance zone. ETH could gain bullish momentum if there is a close above the $3,150 resistance. Ethereum is slowly moving higher above the $3,050 level. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There was a break above a short-term bullish flag with resistance near $3,090 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above…

Ethereum price seems to be aiming for a decent recovery. ETH could gain bullish momentum if there is a clear move above the $3,110 resistance. Ethereum is slowly moving higher above the $3,000 level. The price is trading above $3,000 and the 100-hourly Simple Moving Average. There is a short-term declining channel or a bullish flag forming with resistance near $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is…

Solana started a recovery wave from the $128 zone. SOL price is up over 6% and the bulls seem to be aiming to reclaim the $150 level. SOL price started a decent upward move above the $132 resistance against the US Dollar. The price is now trading above $135 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $136 on the hourly chart of the SOL/USD pair (data source from…

A crypto analyst has identified key indicators that point to a substantial rally for XRP, the native token of the XRP Ledger (XRPL). According to the analyst, XRP is poised to rebound from its bearish trends and soar to new all-time highs  XRP To Mirror 2017 Rally To New Highs In an X (formerly Twitter) post in June, crypto analyst, Tylie Eric expressed bullish optimism about XRP, emphasizing the cryptocurrency’s potential for a major rally this year. He shared an…

The post Bitcoin To Skyrocket By 200% Surge? Key Indicators Signal Massive Breakout appeared first on Coinpedia Fintech News Bitcoin (BTC) on-chain data indicates a rise in daily active addresses, along with a slight increase in flows into US spot Bitcoin ETFs potentially triggering an upward rally in the coming days. Meanwhile, prominent crypto influencer Wise Advice highlighted a significant development in the Bitcoin market. The Bitcoin weekly Bollinger Band has reached its second lowest level in 6 years, a…