indicators

Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,550…

Certain on-chain indicators paint a bullish picture for Solana (SOL), suggesting this may be an excellent time to purchase the crypto token. This aligns with Solana’s price movement on the chart, with technical analysts predicting that an upward trend might be on the horizon.  Solana Enjoying Greater Adoption Data from the market Intelligence platform IntoTheBlock shows that the number of daily addresses on the Solana network has been growing at an impressive rate. On June 11, over 1 million new…

Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators…

Ethereum price is slowly moving higher above the $3,800 resistance zone. ETH could gain bullish momentum if it clears the $3,880 and $3,920 resistance levels. Ethereum is holding gains above the $3,800 level. The price is trading above $3,840 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below…

The on-chain analytics firm Santiment has explained how this Bitcoin indicator has been one of the top leading indicators in the cryptocurrency market. Holdings Of Bitcoin Investors With At Least 10 BTC May Correlate To Price In a new post on X, Santiment has discussed about a metric that has historically been one of the top leading indicators in the sector. The metric in question is the total amount of supply held by the Bitcoin investors carrying at least 10…

Binance Coin is in the spotlight as technical indicators point to a high of over $700 soon. The Binance Coin ecosystem is bagging a lot of utility with intense BNB adoption. Binance Coin (BNB) has found itself under the watchful eyes of investors as key indications suggest exciting weeks ahead. Recent analysis shows the price of BNB could climb above $700 by June.  Exciting Weeks Ahead for Binance Coin Currently, BNB is ranked as the 4th largest cryptocurrency by market…

Analyst Rekt Capital identifies Bitcoin’s position in the final stage of the halving retrace, indicating an imminent uptrend resumption. The cryptocurrency’s current re-accumulation phase and whale accumulation activities further bolster the outlook for a potential breakout. Over the last week, the Bitcoin (BTC) price has seen a healthy uptick amid strong inflows seen by the US spot Bitcoin ETFs once again. As of press time, the BTC is trading above $67,000 with a market cap of $1.320 trillion. Market analysts…

The post Bitcoin Bull Cycle Begins, Indicators Signal Further Gains appeared first on Coinpedia Fintech News As history shows, crypto bull markets often start with a surge in Bitcoin dominance. Currently, BTC dominance stands strong at just over 56%, suggesting we’re in the early stages of this bull cycle. The Bitcoin market value to realized value (MVRV Z) score, which compares the current market value to historical averages, usually peaks around six during cycle tops. The current score below three…

Dogecoin corrected gains and tested the $0.150 zone against the US Dollar. DOGE is now forming a base and might start a fresh increase above $0.1520. DOGE price jumped toward $0.160 before correcting gains. The price is trading above the $0.150 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.1485 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price must settle above $0.1540 to move…