Rally

BNB, the native cryptocurrency of the BSC network, has undoubtedly been one of the winning altcoins scene the bull market began. The price has been able to go from around $200 to over $600 in the space of a year, notching over 200% gains in the process. However, it seems that this outperformance by the altcoin is coming to an end, as an analyst predicts that it is about to hit massive resistance that could stop its growth dead in…

QCP Capital, a prominent institutional-focused firm, has recently projected that Bitcoin could revisit its peak price levels, potentially reaching up to $74,000 shortly. This prediction follows the latest United States Consumer Price Index (CPI) data, which has significantly boosted risk assets. The firm noted that the positive surge in the market is partly due to the renewed buy-side demand, as evidenced by the buying patterns that resemble those of Exchange-Traded Fund (ETF) market makers. Institutional Inflows And Market Indicators Point…

The post Polygon (MATIC) Price All Set For 30-40% Rally appeared first on Coinpedia Fintech News The cryptocurrency industry is gradually rebounding from the recent correction, led by Bitcoin (BTC) price that pumped above $66,000 in the last 24 hours. The total crypto market cap rallied around 6 percent to about $2.51 trillion on Thursday, thus resulting in more than $113 million of short liquidations.  The recent spike in meme stocks led by GameStop (GME) has triggered a fresh round…

The post Bitcoin Breaks Above Consolidation, Is $70,000, the Next Pit Stop for the BTC Price Rally? appeared first on Coinpedia Fintech News The market sentiments have become somewhat hopeful after the Bitcoin price rally marked the monthly highs at $66,666 in the early trading hours. A huge rise in buying pressure caused the token to break above the falling wedge, which has circulated bullish waves within the markets. However, the market participants continue to remain hesitant to enter at…

XRP price is attempting a fresh increase above the $0.5050 resistance. The price could gain bullish momentum if it clears the $0.520 resistance. XRP is eyeing a steady move above the $0.520 level. The price is now trading above $0.5120 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $0.5025 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could start another increase if there is…

Floki Inu (FLOKI), the meme coin inspired by Elon Musk’s Shiba Inu pup, is barking up a storm, with analysts predicting a potential price surge of 120% to a whopping 200% in the coming months. This comes amidst a period of impressive performance for FLOKI, defying a sluggish overall market. Floki Inu Soars Against The Tide While the cryptocurrency market has faced turbulence recently, FLOKI has been charting its own course. Over the past month, the meme coin has skyrocketed…

The Floki DAO has proposed to burn $2.8 worth of FLOKI tokens, which has so far received overwhelming community support. Floki’s price is on the cusp of a major bullish uproar in the coming months after breaking out of a bullish pennant pattern on the weekly time chart. Floki Inu (FLOKI), a top-tier dog-themed meme coin that gained popularity following the endorsement by tech billionaire Elon Musk, has attracted notable attention from both retail traders and institutional investors. The mid-cap…

The post Pepe Marks a New ATH; Here’s What Could Be Next for the PEPE Price Rally This Month appeared first on Coinpedia Fintech News With over a 10% jump in the last 24 hours, Pepe’s price has managed to rise beyond $0.00001 and form a new ATH at $0.00001128. This move has lifted the token among the top 25 cryptos, placing it in the 23rd position. Currently, the trading activity has intensified over the platform, due to which the…

Ethereum (ETH) options for June show a marked interest in higher strike prices, focusing on levels exceeding $3,600. Data from Deribit reveals a concentrated bet among traders on calls surpassing this price, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500. Options Market Bullish On Ethereum  Notably, options are contracts that give traders the right, but not the obligation, to buy (in the case of calls) or sell…