Analyst: XRP Bull Run a Week Away as It Completes Bullish Technical Pattern
XRP’s price action has been similar to how it has been for the past couple of years, with it consolidating in the mid-$0.20 region while being wholly unable to garner any type of sustainable trend. This consolidation phase has come about despite the strength seen by Bitcoin and the rest of the crypto market. Much […]
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Crypto analyst Mikybull Crypto has identified a bullish pattern that can send the XRP price to new highs. This comes amid the growing increase in the investors’ bullish sentiment towards the XRP token. Bull Pennant Pattern Forms On XRP’s Chart Mikybull Crypto stated in an X (formerly Twitter) post that XRP has formed a bull pennant continuation pattern on the daily chart. The analyst added that the “breakout will be massive,” with XRP set to rise above $1 based on the chart he shared. Mikybull Crypto seemed really confident that XRP would rise to such heights, as he claimed that....
A bull flag pattern resembles a flag on a pole and appears when a cryptocurrency is experiencing a significant price rise. Many security price forecasters use technical analysis, sometimes referred to as charting. However, they opt to reject the efficient markets hypothesis (EMH) altogether. The efficient markets hypothesis (EMH), also called the Random Walk Theory, is the idea that current securities prices accurately reflect the information about the firm’s value. Therefore, it is impossible to make excess profits using this information, or gains that are greater than the overall market.....
The Dogecoin price has recently exhibited a classic bull flag pattern on its price chart, a technical indicator often signaling continued upward momentum. The Dogecoin price has mostly traded below $0.4 in the past seven days on the back of a continued price consolidation. At the time of writing, Dogecoin is trading at $0.39, sitting firmly within the consolidation phase of this bull flag pattern. KrissPax Identifies Key Target For Dogecoin Price This development of a bull flag pattern was highlighted on the social media platform X by crypto analyst KrissPax, which relays to the current....
Bitcoin price is at a crossroads, either ready to fall into the troughs of a bear market, or blast off and show the world the bull run has yet to officially end. But which is it? No one truly knows, but a technical pattern and the psychology behind it could reveal the potential outcome ahead of time. Could a potential bull flag forming on daily timeframes confirm, and lead to what is ultimately the checkered flag of the current market cycle? Let’s examine the bullish chart pattern. What Is A Bull Flag? Bitcoin Price Pattern Targets New All-Time Highs Technical analysis is the study....
A crypto analyst has predicted that Solana (SOL) is set to rally by 1,000% this bullish cycle. According to his analysis, SOL is preparing for a mega surge to new all time highs of $1,800. Solana Sets Sight On $1,800 Price Increase In a recent X (formerly Twitter) post, Ali Martinez, a prominent cryptocurrency analyst, expressed bullish sentiment regarding Solana’s future price outlook. According to Martinez, Solana is poised for a significant price surge, potentially reaching an impressive $1,000, marking new all-time highs. Related Reading: Here’s Why The Bitcoin Price Crashed Below....