215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From Next Leg Up
An analyst believes Pudgy Penguins (PENGU) could be close to a big breakout based on this technical analysis (TA) pattern in its 4-hour chart. PENGU Has Potentially Been Following A Bull Flag Recently In a new post on X, analyst Ali Martinez has shared what could be next for Pudgy Penguins according to a chart pattern. The formation in question is a Bull Flag, which is a type of Flag. Flags form whenever the price of an asset experiences a period of consolidation inside a parallel channel following an initial sharp move. This starting move is known as the ‘pole,’ and the....
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On-chain data shows all Bitcoin investor cohorts have pivoted to distribution recently, an indication that a shift in market mood has occurred. Bitcoin Accumulation Trend Score Has Turned Red For All Holders In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Accumulation Trend Score of Bitcoin for the various investor cohorts. The Accumulation Trend Score measures, as its name suggests, the degree of accumulation or distribution that BTC holders are participating in. Related Reading: 215% PENGU Rally Incoming? Analyst Says Token ‘Inches’ From....
Bitcoin continues to consolidate in the high $50,000 area, meanwhile, its fundamentals are strengthening and seem to point towards a price breakout. Analyst Ali Martinez has shared data from Glassnode to predict the timing for a new BTC price rally. According to the analyst, when the cryptocurrency surpasses the 1 million threshold in the metric […]
Crypto pundit Mikybull Crypto has revealed that XRP has flipped green for the first time since 2017. Based on this, he predicted that the altcoin could record a rally of up to 500%, reaching $15 in the process. XRP Eyes Rally To $15 As Price Flips Green In an X post, Mikybull Crypto predicted that XRP could rally to between $5 and $15. This came as the analyst noted that the altcoin has flipped green on the quarterly chart for the first time since 2017. He suggested that the rally of up to 500% may already be underway, noting that XRP has already broken above the resistance, just as it....
Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens. Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it....
Uniswap’s native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the Wells Notice from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also played a role. However, the UNI price appears to be recovering well, as the token has jumped by more than 2% in the past day. A popular crypto pundit on X has predicted that a bullish rally might only just be beginning for the DeFi coin, but the question is –....