Rally

Bitcoin has seen an uptick in price enough to recover from the losses in value from August. So far, the asset has surged by nearly 10% in the past two weeks alone, registering a 24-hour high of $66,000 earlier today, although BTC has now seen a slight retracement, currently trading at $63,508. Amid this price performance, Axel Adler Jr, an analyst from the on-chain analytics platform CryptoQuant, has shed light on the potential for Bitcoin to see a bigger rally…

XRP price gained pace and was able to clear the $0.600 resistance. The price is up over 10% and is now consolidating gains near $0.6450. XRP price started a fresh increase above the $0.600 resistance zone. The price is now trading above $0.6250 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $0.6500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start a fresh increase if…

Solana is holding gains above the $150 resistance zone. SOL price is consolidating and might aim for a fresh increase above the $162 resistance zone. SOL price started a fresh increase above the $155 zone against the US Dollar. The price is now trading near $155 and the 100-hourly simple moving average. There is a key rising channel forming with support at $155 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start another…

BNB‘s recent rally appears to be losing steam, as the price has dipped below the crucial $600 mark. After a strong upward surge that reignited bullish sentiment, the momentum is now showing signs of cooling off. This dip raises concerns about whether the rally can sustain itself or if a broader correction is on the horizon. As selling pressure increases and the market cools, this article seeks to explore whether BNB’s rally is losing steam after dipping below the key…

Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level. Ethereum started a downside correction from the $2,720 zone. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to start a fresh increase in…

Ethereum’s movement last week was full of mixed signals as Spot Ethereum ETFs started to witness good inflows. Notably, ETH has been on a rally since the middle of September, reflecting a 25% gain from the September 6 low of $2,171 as it crossed $2,715 on September 27.  This rally and the well-anticipated inflows in Spot Ethereum ETFs brought a much-needed breather into the Ethereum ecosystem. According to on-chain data, last week’s price action saw many Ethereum addresses moving into…

Internet Computer (ICP) continues to impress investors as it captures gains despite the market being down a few percent today. According to the latest market data, the token is up 16% since last week, a confirmation for some that ICP will continue to trend upward in the coming days.  Despite the market’s undeniable bullishness, a reversal might be forming in the coming days, threatening this month’s gains. However, with investors anticipating ‘Uptober’, there might still be room for investors to…

As Shiba Inu (SHIB) rallies and reclaims its place in the spotlight, a new contender is making waves in the memecoin space—GoodEgg (GEGG). With Wall Street traders showing increasing interest in AI-driven cryptocurrencies, GEGG’s presale is inching closer to completion, and analysts are predicting a potential 12,000% rally. The question now is whetherShiba Inu (SHIB) can hold off the challenge posed by GoodEgg (GEGG) as investors shift their focus to this AI-powered memecoin. GoodEgg (GEGG): The AI-Powered Challenger While Shiba…

In 2021, Dogecoin (DOGE) and Shiba Inu (SHIB) became two of the most popular meme coins. Dogecoin, created as a joke, was supported by famous legends like Elon Musk, which led to huge price fluctuations. Similarly, Shiba Inu positioned itself as a “Dogecoin killer,” however its growth was largely speculative, driven by FOMO (Fear of Missing Out). Once Dogecoin and Shiba Inu reach their 2021 peaks, early crypto investors will start taking profits, triggering large sell-offs. This profit-taking, joined with…