Ethereum Is Retesting A 5-Year Long Trendline – Massive Rally Incoming?
Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists. Bulls have lost control, and speculation about a potential continuation of the bear trend is growing among analysts and investors. With macroeconomic instability, rising trade war fears, and erratic policy decisions from US President Trump, both crypto and U.S. stock markets remain highly volatile, adding to Ethereum’s struggles. Related Reading: Solana Holds Bullish Pattern – Expert Sets $140 Target To highlight Ethereum’s fragile position, top....
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Bitcoin Price has made a breakout to the upside and, in doing so, has broken a long-term trendline that has defined decline for over a year. This analysis is provided by xbt.social with a 3 hour delay. Read the full analysis here. Bitcoin Price Analysis. Time of analysis: 05h05 UTC. Bitstamp 4-Hour Chart. From xbt.social analysis, this morning: The breakout is significant, not only for showing that the market has chosen the upside, but because in the process a long-term trendline that has rejected advance for over a year has been broken. This confirms our analysis of a change of long-term....
Yearn.Finance (YFI) has stolen the attention away from most other DeFi tokens, Ethereum, and Bitcoin thanks to an amazing run where tens of thousands per coin in value were added. But the Ethereum-based ERC20 token has recently broken below and is now retesting the neckline of a massive head and shoulders pattern. If the altcoin […]
The token now grapples with a notorious multi-month resistance trendline. Internet Computer (ICP) has entered 2022 with a bang.The ICP price rose by over 56% in the first five days of the new year, reaching a 30-day high of $38 on Jan. 5. Its massive upside move accompanied a spike in trading volumes, underscoring a strong and healthy bullish sentiment for now.ICP/USD daily price chart. Source: TradingViewAt the center of ICP's recent price rally was a flurry of optimistic news. That includes Binance's decision this Tuesday to list a financial instrument that would enable traders to....
As the major pieces begin to fall into place, XRP may now be in a position where things are going well for its future price trajectory. While XRP enthusiasts are still reeling in amazement over Ripple’s recent win in court, a crypto analyst has dropped a bullish XRP price prediction that investors can look forward to. According to the analyst known as Jaydee, XRP is getting close to skyrocketing into new price territories. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Analyst Predicts XRP Rally To $7.5 XRP days of trading less than $1 may be ending....
With the new year approaching, some analysts forecasted a “very bullish” 2025 for Altcoins. The sector is expected to explode soon and kickstart the long-awaited “Altseason” after retesting a key support level. Related Reading: Ethereum Stays Within Symmetrical Pattern – Analyst Sets ETH Target Altcoins Retest Key Support Level Amid the recent market’s performance, many Altcoins have struggled to record significant gains. However, several market watchers forecasted the start of the altcoin will come as soon as January 2025. Fueled by the post-US election pump, the total crypto market....