Rally

The post Altcoins Set for Major Rally Following Massive Flush Out; Ethereum Signals Go appeared first on Coinpedia Fintech News Bitcoin is currently in a decent yet mixed position, but it faces a critical barrier that it must surpass. This isn’t much different for altcoins. Cryptocurrency analyst Wolves of Crypto identifies a five-step pattern in the altcoin market.  First, the market bottoms out during the bear market. Next, it reaches the top against bear market resistance. Following this, it tests…

Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Crypto Community Clueless On Meeting Cancellation There has been an obvious shakeup in the cryptocurrency market because of the sudden about-face. XRP, Ripple’s native coin, fell 8% to $0.58, its 24-hour low. Trade volume was down as well, yet it rose…

The Bitcoin price is looking comfortable. Back in the middle of its range, $BTC is currently at support around the $64,000 to $63,000 level. Should this not hold, further strong support can be found at $61,000. Once this small pull-back is over, Bitcoin might be expected to resume its latest rally. Bitcoin taking a breather All appears to be perfectly normal for Bitcoin. The $BTC price is currently experiencing a small pull-back after its exertions of the last couple of…

The post Render (RNDR) Price Breakout Rally Hints A 50% Upside? appeared first on Coinpedia Fintech News After trading under a bullish sentiment for a brief period, the cryptocurrency market has recorded a correction of over 1% over the past 24 hours, indicating a cool-off in the price action. Moreover, the BTC price continues hovering close to its $65K mark. On the other hand, the Artificial Intelligence (AI) category has recorded a significant correction in their respective portfolios with top…

Once again taking the stage in the crypto scene is the popular meme coin Dogecoin (DOGE). Renowned crypto analyst JD has lately revealed his very positive view of DOGE, which has excited traders and investors. Driven by what he labels as one of the most “beautiful charts” he has seen in his long trading history, JD claimed in a series of perceptive pieces on X that Dogecoin is about to experience a significant price spike. Even with the latest market…

Bitcoin price has rallied above the $64,000 mark. Glassnode, a market intelligence platform, has analyzed this notable increase, which attributes the current price movement to a significant easing of sell-side pressure, particularly from the German government. Exhaustion of Sell-Side Pressure According to the on-chain data provided by Glassnode, the recent uptick in Bitcoin’s price is largely due to what they describe as the “complete exhaustion” of sell-side forces, particularly those stemming from the recent governmental actions. Over the past weeks,…

Over the past few days, Bitcoin has seen quite a notable rebound in its price, rising from as low as the $53,000 level last week to trading as high as above $66,000 in the early hours of Wednesday before now retracing to a current trading price of $64,433. This bullish price performance has been the downfall of approximately 50,436 traders in the crypto market today. Particularly, according to data from Coinglass, this number of traders has seen massive liquidations, bringing…

The post August Altcoin Rally on the Horizon: Key Insights You Need to Know appeared first on Coinpedia Fintech News The cryptocurrency market is currently in a calm phase, creating a sense of anticipation among investors. Altcoins, although still at attractive entry points, are beginning to show signs of upward momentum. This could be the perfect moment for those looking to make strategic investments. All eyes are on August as the potential launchpad for an altcoin rally. Key insights into…

Currently, the price of BNB has been attempting a bullish momentum movement toward the bullish trendline. This bullish move which is the second attempt the crypto asset is making after a successful break below the trendline is sparking up optimism among traders and investors alike that a break above could ignite a potential rally toward the $635 resistance mark. As BNB’s bullish sentiment continues to build, this article aims to analyze its current price actions and technical indicators pointing toward…