SUI continues to move strongly bullish with more than a 30% spike in the past 3 days. This move started after it broke out from a key price zone at around $1.1458. The price successfully retested the level as new support yesterday, and since then it has risen by close to 20%.

What’s Next for SUI Price 

On a general outlook, SUI’s price action remains strong. However, following the spike after the breakout, it is already approaching resistance at around $1.4334, and it will need to break this level to continue the upward move.

If the price does not break the $1.4334 level, it could retrace back to the last broken resistance at around $1.1458. This level would need to hold as support for bulls to remain dominant.

RSI and 200-Day SMA Analysis 

The RSI is showing that there may be some retracement because it is already at 78. This overbought reading coincides with the price nearing the key resistance level, which could add to the chances of consolidation before a continued upward move.

The 200-day simple moving average is just below the $1.1458 support, and in case the price gets back to this level, it is expected to be a strong level for a bullish recovery.

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There have been cases where the price enters an overbought level but keeps going up, especially when the bullish triggers are very strong. Seeing the overall bullish sentiment in the market following the Federal Reserve’s rate cut yesterday, it wouldn’t be a surprise to see SUI break out of the key resistance.

However, technical analysis still suggests caution. Short-term traders may wait for a decisive breakout before entering long positions.

Read Also: Can Bittensor (TAO) Price Break Crucial Resistance? Analyst Predicts 7.5x Rally

Fantom (FTM) Break Key Resistance Again

FTM is not slowing down at all. It has remained bullish for the past 4 days, shortly after breaking out from a descending channel. Following the breakout, it consolidated for some days and then started to rise strongly.

Yesterday, it broke above a key resistance level at $0.6169, which could be a tailwind for further growth as it is expected to attract more buyers who do not want to miss out on this opportunity.

RSI and SMA Show Mixed Signals

The analysis of the RSI and simple moving average for FTM is a little mixed. The RSI is at a reading of 75, showing overbought levels and suggesting we could see a minor pullback. The 200-day simple moving average is just at the broken resistance of $0.6169, strengthening its chances of becoming strong support.

If this support holds, we expect to see FTM continue its rally. This could also be supported by the more general positive sentiment in the market following the Fed rate cut.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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In a world where digital currencies and blockchain-based games are on the rise, Meme Alliance is emerging as a unique player, bringing together the most popular memecoin communities in a groundbreaking first-person shooter game. With its cutting-edge design and a strong focus on community integration, Meme Alliance is positioned to become a key player in the future of Web3 gaming.

A Game Like No Other

Developed using Unreal Engine 5, the Meme Alliance game offers players an immersive, high-quality gaming experience, combining stunning visuals, engaging gameplay, and the distinctive humor of the meme culture. The game is designed to unite memecoin communities, creating an ecosystem where iconic characters such as Pepe, Shiba Inu, Volt Inu, Dogelon Mars, and many more, battle for supremacy in a fast-paced, thrilling FPS environment.

Players can form alliances, represent their favorite memecoins, and earn rewards through their in-game achievements. Meme Alliance goes beyond the standard gaming experience by providing unique features like on-chain integration, a marketplace for in-game assets, and the ability to earn multiple tokens. This Play-to-Earn (P2E) structure allows players to monetize their skills while contributing to their community’s success.

Partnership with Immutable: A Game-Changing Move

Meme Alliance’s official partnership with Immutable, a leading name in the Web3 gaming space, opens the door to a wide range of new opportunities. Immutable’s blockchain solutions, known for their seamless and secure integration, provide a stable platform for Meme Alliance’s in-game economy. The Immutable Passport wallet will enable players to easily manage their assets while benefiting from low gas fees and fast transactions.

With access to over a million Immutable users, this partnership brings Meme Alliance closer to a broader Web3 audience and provides a vital bridge between Ethereum and Immutable for token interoperability. This collaboration is a crucial milestone for Meme Alliance, enhancing its credibility and solidifying its position in the growing Web3 gaming market.

Beta Release and Upcoming Public Launch

Meme Alliance is currently in its beta stage, giving players a chance to experience the gameplay and get a feel for the mechanics before the full public release. With the beta live, early players have been able to explore the game’s innovative features and provide valuable feedback. The official public release is slated for October, promising an even more polished version of the game that incorporates on-chain integration and a fully functional marketplace.

Expanding to Solana: The Next Big Step

In addition to its presence on Ethereum, Meme Alliance is now expanding to the Solana blockchain through a public sale, taking advantage of Solana’s high-speed, low-cost transactions. The public presale of the $MMA token, which is now live on TheGemPad, marks a significant milestone for the project’s growth and its commitment to expanding into multiple blockchain ecosystems.

By launching on Solana, Meme Alliance aims to attract a broader audience and provide its players with an efficient, scalable platform. The move is expected to enhance the overall gaming experience by offering faster transaction times and a more accessible entry point for new players.

Big Partnerships with Leading Memecoins

Meme Alliance has secured multiple high-profile partnerships with some of the most well-known memecoins, including Volt Inu, Dogelon Mars, BOB, and Turbo. These partnerships bring popular characters from these tokens into the game, allowing their communities to join in the fun. With each memecoin community represented in the game, players can now rally behind their favorite tokens, enhancing the sense of camaraderie and competition.

Play-to-Earn Leaderboards

One of the standout features of Meme Alliance is its Play-to-Earn system, where players can compete on weekly leaderboards and earn rewards. This incentivizes skillful gameplay and creates a thriving competitive environment where both crypto and non-crypto gamers can benefit. The P2E model is designed to bring real value to players, with prizes that include native tokens like $MMA and other popular memecoins.

A Bright Future in Web3 Gaming

With its unique concept, strong partnerships, and ambitious plans, Meme Alliance has the potential to become a major player in the Web3 gaming world. The project combines the growing popularity of blockchain gaming with the viral appeal of memecoins, creating an exciting and inclusive gaming experience for players of all backgrounds. As Web3 gaming continues to grow, Meme Alliance is poised to capture the attention of gamers and crypto enthusiasts alike.

For more information and to join the Meme Alliance, 

visit www.meme-alliance.com.

Twitter: https://x.com/memealliancefps 

Telegram: https://t.me/MemeAllianceFPS

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Meme Alliance Unites Memecoin Communities in Revolutionary Web3 Shooter Game appeared first on CaptainAltcoin.

Kaspa (KAS) has surpassed prominent Layer 1 blockchains, such as Solana (SOL) and Ethereum (ETH), in a crucial on-chain metric lately. Despite this, the KAS price has remained largely flat. 

Besides, this development has interested crypto enthusiasts, with tweets from notable figures such as Yoriichi Tsugikuni and Crypto Prose highlighting Kaspa’s unique position in the blockchain sector.

Kaspa Outpaces Solana and Ethereum

According to crypto analyst Yoriichi Tsugikuni, Kaspa’s KRC-20 transactions recently reached an all-time high, surpassing the transaction volumes of both Solana and Ethereum. 

“ Proof of Work L1s can’t handle a high throughput & can’t scale, PoS FTW“Enter $KAS Kaspa is either proving that sacrificing your Security and Decentralization for scalability isn’t THE only way to achieving peak performance OR that there is ONE exception to that rule… pic.twitter.com/vMrPuWHvC5

— Yoriichi Tsugikuni (@YorichiiCrypto) September 18, 2024

Over 13 million transactions were processed on Kaspa, compared to 4 million on Solana and 1.1 million on Ethereum. This performance showcases Kaspa’s potential as a PoW blockchain that can achieve high throughput without sacrificing decentralization or security, unlike many PoS networks.

Tsugikuni’s analysis suggests that Kaspa could be challenging the common belief that scalability can only be achieved by compromising other essential blockchain elements. The network handled substantial transaction stress while maintaining stability, further highlighting its scalability.

KAS Price Stays Flat Despite Transaction Surge

While Kaspa’s transaction volume has surged, its price has remained relatively stable. Per CoinGecko at press time Kaspa trades at $0.1729. This value reflects a 0.58% increase over the past day and a 2.04% gain in the past week. 

This price trend is not unusual for Kaspa, as it has demonstrated a tendency to move contrary to broader market movements. Historically, Kaspa has seen price increases during market downturns, a pattern that investors may be watching closely.

Despite the recent performance on-chain, the market appears to have reacted calmly to the developments. This price behavior suggests that Kaspa’s market dynamics may not immediately align with its technical achievements.

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Read also: This XRP Chart Looks Like a ‘Time Bomb’ – Will Ripple’s Token Repeat 2017?

Strong Holder Base Adds Stability

Another key insight into Kaspa’s current status comes from Crypto Prose, who revealed that 7.04% of Kaspa’s supply has not been moved for over two years, reaching an all-time high. 

Approximately 1.73 billion KAS tokens remain in the hands of holders unwilling to sell, even as the token inches closer to the $1 mark. This strong base of long-term holders could indicate confidence in Kaspa’s long-term potential, providing stability as the token develops.

The percentage of #Kaspa 's supply not moved over the last 2 years , has broken an ATH reaching 7.04%.In other words ~ 1.73 billion $KAS has not moved at all over the last 2 years and it's inreasing. These holders are not willing to sell soon , not even at 1$.What's your… pic.twitter.com/x8SeN2VBV4

— 𝐂𝐫𝐲𝐩𝐭𝐨 𝐏𝐫𝐨𝐬𝐞𝐥𝐲𝐭𝐞 (@Crypt0Proselyte) September 19, 2024

Kaspa’s recent achievements in transaction processing and its unique market behavior suggest a bright future for the blockchain. The network’s ability to handle high throughput without compromising security or decentralization sets it apart from other Layer 1 networks

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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The post Kaspa Smashes Solana and Ethereum in This On-Chain Metric, KAS Price Stays Flat appeared first on CaptainAltcoin.

Crypto whales are dumping their meme coins in favor of the next bull cycle’s top altcoins. Bonk (BONK) and Shiba Inu (SHIB) tokens are being sold off so that whales can buy more of crypto casino Rollblock’s (RBLK) presale. Rollblock is currently racing through the sixth stage of its presale toward 100x growth out of its highly anticipated ICO.

Bonk Whales Exit as It Continues to Shed Value 

Bonk is part of the new generation of Solana meme coins that launched in late 2023. Bonk was intended to see widespread use with an airdrop of 50% of its tokens at launch. However, many crypto whales scooped up this latest dog token and watched Bonk’s price rocket 500x in the 2024 meme coin rally.

However, Bonk’s price has since given up more than 50% from these 2024 highs. With no expectations of another meme coin rally in 2025, many crypto whales are choosing to cash in their Bonk holdings before the value slips even further. 

Shiba Inu Close to Round-Tripping 2024 Gains

Shiba Inu is an older dog-themed token that was around for the original 2021 meme coin rally. Shiba Inu’s price set the benchmark for astronomical returns in the 2021 meme coin rally with a peak of 50,000x growth.

Many whales sold Shiba Inu between 2021 and 2024, but those that stayed enjoyed another 5x rally in the price in 2024. However, with Shiba Inu’s price now close to round-tripping these 2024 gains, most Shiba Inu whales are ready to move on to the next top altcoins.

Crypto Whales Set to Send Rollblock Soaring 100x From ICO

Rollblock is blasting through each successive stage of its presale faster than the last.

This top altcoin’s presale has over 15,000 individual investors, but crypto whales are pushing the speed of the presale with massive purchases that close out whole stages. Each new price increase attracts even more investors as the returns for previous investors grow. Rollblock’s earliest investors are now looking at 200% returns going into stage seven.

Whales dumping their meme coins like Bonk and Shiba Inu are expected to push Rollblock through the final stages of its presale in Q4 and then send it soaring at least 100x out of its highly anticipated ICO. 

The excitement over Rollblock is due to the enormous potential of bringing blockchain technology to the $500 billion global gambling industry. This revenue is there for the taking with Rollblock’s crypto innovations transforming the online gambling experience.

Rollblock’s crypto casino already has more than 15,000 players enjoying unlimited access to more than 7,000 different games.

Rollblock is also turning heads with its innovative gambling token. This token is powered by daily buybacks that use the casino’s own revenue. These tokens are either burned to increase the price of RBLK or awarded for staking with some of the best APYs available anywhere.

Rollblock’s stage six price of $0.026 is expected to at least double by the end of the presale and then grow 100x by the end of 2024.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

Website – Socials

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Rollblock Set For A Huge Q4 As It Races Through Stage 6, Could It Become The Next 100x Token? Bonk & SHIB Whales Believe So! appeared first on CaptainAltcoin.

Sei (SEI) has seen a sharp price increase lately, driven by positive technical indicators and DeFi developments. The price of SEI is up 21.79% in the last day, trading at $0.335, with market activity pushing the trading volume to $312 million. 

The upward movement comes after the confirmation of a falling wedge breakout and growing interest in SEI’s decentralized finance space, according to leading analysts.

SEI Price Breakout Sparks Bullish Sentiment

Captain Faibik, a top crypto analyst, highlighted the technical breakout of SEI from a falling wedge pattern. This pattern is a common bullish reversal formation that signals a shift from a downward trend to an uptrend. Captain Faibik confirmed the breakout, predicting several midterm price targets.

$SEI Falling Wedge Upside Breakout is finally Confirmed.. Midterm Targets : 0.45 – 0.66 – 1.00#Crypto #SEI #SEIUSDT pic.twitter.com/aj0GWepiNB

— Captain Faibik (@CryptoFaibik) September 19, 2024

SEI’s breakout suggests that previous bearish trends may be over. The pattern, marked by two converging downward-sloping trendlines, was followed by an upward breach, which historically indicates a move towards higher prices. 

DeFi Growth Boosts SEI’s Appeal

In addition to technical factors, SEI’s growing presence in decentralized finance is contributing to its price surge. According to a tweet from Cooltimes, SEI’s DeFi ecosystem is heating up with the liquidity pool of a new decentralized exchange doubling in the past day. 

$SEI defi is heating up. the liquidity pool of a new native $SEI dex has 2x’ed in the last 24h over $150,000 added so far. the platform @FilamentFinance also recently received $1.2M in private funding to build on $SEI it’s starting to happen. pic.twitter.com/4w8c9p3SSP

— cooltimes (@cooItimes) September 18, 2024

Over $150,000 has been added to this pool, further driving interest in SEI. Cooltimes also mentioned that Filament Finance, a platform building on SEI, recently raised $1.2 million in private funding.

The increased liquidity and financial backing signal growing confidence in SEI’s DeFi potential, adding further momentum to the token’s price.

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Read also: This XRP Chart Looks Like a ‘Time Bomb’ – Will Ripple’s Token Repeat 2017?

Midterm Price Targets and Market Outlook

The technical analysis provided by Captain Faibik indicates a potential midterm price rise for SEI, with the next targets at $0.45, $0.66, and $1.00. As traders continue to observe SEI’s upward momentum, these price points serve as key areas of interest.

As SEI’s technical breakout aligns with increasing DeFi activity, investors are watching the token’s performance in both technical and fundamental aspects. The combination of a confirmed falling wedge breakout and growing DeFi interest has led to a positive market outlook for SEI in the near term.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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The post Why Is SEI Price Up? appeared first on CaptainAltcoin.

Analyzing the Bitgert price closely, all indicators now point toward a strong bull run that is already building up. This bull could even start earlier than the general crypto market bullish breakout of 2024. So, what could be the driving factor that will make this possible? One answer: Innovations.

Blockchain finance is currently plagued with issues that make transactions an eyesore. Notable examples include issues surrounding slow transaction speed, high gas fees, and security concerns. The top crypto assets out there today use consensus mechanisms that require strong algorithms before transactions are validated, leading to slow transaction speeds. But with Bitgert in the picture, these challenges are gradually becoming old news.

With these solutions Bitgert is introducing in the crypto market, we are seeing a gradual setup that suggests a strong bullish move in Bitgert’s price.

Bitgert Blockchain Solutions Influencing Bullish Indicators

The Bitgert project is a blockchain solution that touches on different areas of blockchain interaction to make crypto and digital asset ownership easier and better. To start from a more serious part of the project, it is built on its layer one ecosystem known as the BRISE Chain. This platform covers all areas of engagement, from DeFi to real-world asset digitization. The BRISE chain stands out by providing a fast transaction of up to 100,000 TPS, delivered at the cheapest transaction fee on the blockchain. 

These innovations also drive a fast-growing adoption of the Bitgert ecosystem and its native token, $BRISE. It combines the Multi-chain and IceCreamSwap Bridge, which makes migrating to and building on the Bitgert ecosystem easier. With this surge in Bitgert $BRISE adoption, the price has been doing amazing numbers lately, pointing to a bull run.

Pushing Ahead Through Partnership

All partnership announcements from Bitgert so far have been carefully handpicked, which is evident in the relevance of the engagement. So far, most of this partnership has been focused on strategic development for the Bitgert ecosystem. The partnership’s effects range from price stability to enhancing token utility and increasing awareness.

This includes partnerships with AtlasPad, an industry-respected multi-chain launchpad powered by AI and Real-World Assets. Another is with XOOBGames, a blockchain game that could utilize the Bitgert coin as an in-game token. These are some of the few interesting partnerships contributing to the coin’s strong, bullish outlook.

Key Takeaway

Bitgert offers cutting-edge solutions to the current blockchain trilemma (high transaction fee, slow transactions, and security). However, taking the innovative solutions further by combining strategic partnerships that touch different areas of blockchain, Bitgert is set up for a bullish price jump. The price currently stands at 0.00000008198, which is the best time to buy Bitgert ahead of the bull run.

To learn more about Bitgert, visit https://bitgert.com.

Buy $BRISE today at Bitget, Gate.io, and KuCoin

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Bitgert Price Analysis: Strong Bullish Indicators for a Big Run in 2024 appeared first on CaptainAltcoin.

Pepe (PEPE) and Floki (FLOKI) continue to bleed value as the 2024 meme coin rally gets further into the past. Investors looking for the next top altcoin with massive potential are turning to crypto casino Rollblock (RBLK) instead. Rollblock’s revolutionary tokenomics has it on track for 10,000x gains in 2024 alone.

Pepe Rapidly Shedding Value From 300x Returns

Pepe is a ‘pure’ meme coin in the sense that it is focused purely on virality and price momentum.

Pepe launched a few months before the 2024 meme coin rally, so early adopters enjoyed stellar returns this year. At the peak of the 2024 Pepe price, the earliest adopters saw around 300x returns on their investments.

However, investors who bought Pepe after the initial burst higher are facing smaller returns or even losses at this point. The Pepe price is now down more than 60% from all-time highs.

Floki’s Mixed Meme Coin Approach Does Little to Spare It From Sector’s Decline

Floki has taken a different approach from most other meme coins by focusing on a mix of virality and utility. 

However, this split approach has done little to spare Floki’s price from the same losses as most other meme coins.

Floki was around for the 2021 meme coin rally as well. The 2024 highs for Floki’s price matched those of 2021 around $0.0003. However, Floki has also given up around 60% off these 2024 highs.

Rollblock’s Tokenomics Set to Revolutionize Online Gambling

Investors moving on from meme coins have turned to different sectors. As the top altcoin in the GambleFi sector, Rollblock is now on many investors’ radars as it blows through its record-breaking presale on the way to 10,000x growth in 2024 alone.

Rollblock was already drawing huge growth estimates as its next-generation crypto casino was prepared to take on the $500 billion global gambling industry with unlimited access to more than 7,000 games. 

Rollblock is projected to rapidly accumulate market share as it transforms the inconvenience and stale experience of online gambling into something completely different. Rollblock is bringing speed, anonymity, transparency and fun to online gambling through the use of cutting-edge blockchain technology.

However, the 100x growth estimates emerged when Rollblock announced the plans for its revolutionary tokenomics.

Rollblock’s tokenomics involves an aggressive buyback program that uses 30% of each day’s revenue. Half the tokens bought back from the market will be burned immediately to create deflationary pressure on the RBLK price. The remaining half of the tokens will be used as staking rewards with the best APY rates available anywhere at the time.

Analysts expect that the RBLK gambling token powered by these buybacks will be an enormous source of revenue growth. This revenue growth will then lead to even more buybacks in a virtuous cycle that will quickly revolutionize the industry.

Rollblock is about to upgrade its stage six price of $0.026 to $0.03 in stage seven. This price could increase to $1 by 2025 as Rollblock changes online gambling forever.

Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!

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DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Pepe and Floki Continue To Lose Steam As Investors Flock to This Emerging Altcoin With 10,000x Potential appeared first on CaptainAltcoin.

Bittensor (TAO) is nearing a key resistance level, as highlighted by analyst Roman (@Roman_Trading) in his tweet. According to Roman, TAO is inching closer to a breakout, with the $400 mark serving as the crucial threshold for a potential surge. 

If TAO surpasses this level, Roman projects a sharp rally to the $2,000 – $3,000 range. However, TAO has been consistently challenged by this resistance, raising questions about whether it can sustain the momentum for an upward movement.

$TAOInching closer and closer to to breaking out & shooting to the stars!$400 break & we can resume the move to $2-3k before next correction.#bitcoin #cryptocurrency #cryptonews https://t.co/XuZdeFk8sy pic.twitter.com/PV1qzvQ8xG

— Roman (@Roman_Trading) September 19, 2024

Key to TAO’s Potential Rally

Roman’s analysis centers on the $400 price point, which has been a major resistance level for TAO. The chart he shared illustrates how TAO has repeatedly tested this level but has yet to secure a clear breakout. This resistance zone, marked in red, has triggered multiple rejections in the past, indicating its importance in determining TAO’s future direction.

If TAO breaks through the $400 barrier, Roman anticipates a substantial rally. The potential price targets, as outlined in his analysis are around $2k and $3k. This projected rise represents a 5x to 7.5x increase from the current price, a level that could ignite interest in the token. However, the breakout remains contingent on overcoming the established resistance.

Historical Price Movements and Support Levels

In addition to the resistance at $400, Roman highlights a lower support level around $250. This price point has served as a floor for TAO during previous downward movements. Although the $250 level provides some consistency for the token, the main focus still is on whether TAO can break out from its present consolidation period.

TAO has repeatedly tested the $400 mark, but thus far it has found difficulty keeping momentum beyond this level. Should the token fail to breach the resistance, it may go back to the $250 support prior to another try at elevation.

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Show more +Show less – Potential Patterns and Volume Trends

Roman’s chart also suggests a possible inverse head and shoulders pattern, which could indicate a bullish reversal. This formation supports his optimistic outlook on TAO, aligning with his expectation of a breakout.

The volume surrounding TAO has shown signs of gradual growth, which may be a signal of increasing market interest. The rising volume trend suggests that momentum is building, potentially setting the stage for the breakout Roman anticipates.

Read also: This XRP Chart Looks Like a ‘Time Bomb’ – Will Ripple’s Token Repeat 2017?

Roman’s Projection: A Bullish Outlook

Roman’s prediction hinges on TAO’s ability to surpass the $400 resistance. His tweet expresses confidence that a breakthrough at this level will lead to a sharp rise in the token’s value, targeting $2,000 – $3,000.

However, it is important to note that until TAO can clear the $400 resistance, the token will likely continue to consolidate between its established support and resistance levels. If the breakout fails, the $250 support may come into play once again, providing a key level to watch for future price action.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

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Continuous price declines and notable outflows on Ethereum (ETH) have lately caused concerns and sparked discussions among investors. High gas fees and slow transaction times of the network still cause issues.

Newer initiatives, including Rexas Finance (RXS), Solana (SOL), and Cardano (ADA), have been making headway in this sector, therefore positioning themselves as possible competitors to Ethereum’s reign. Can one of these rivals seize the throne in the next market rise?

Rexas Finance (RXS): An ETH 2.0 Coin with Real-World Asset Tokenization  

Focussing on the tokenization of real-world assets (RWA), an area where Ethereum has yet to rule, Rexas Finance (RXS) has become a viable Ethereum competitor. Unlike many novel projects, Rexas Finance seeks to tokenize and trade commodities, real estate, and gold.  With its presale, which sold out the first stage in just 72 hours and generated $450,000, the project has attracted interest from investors.

RXS has already sold more than 22 million tokens in the present second stage of the presale, generating $747,744, and the enthusiasm is building. With the following stage anticipated to rise to $0.05, RXS is now valued at $0.04 and shows a clear increasing trend. Apart from its price movement, the RXS token has attracted interest for its innovative approach to asset ownership, which lets investors purchase a fraction of highly valuable assets with just a click.

Early investors could find a substantial return on investment, up to 6x gains, as the listing price was set at $0.20. Targeting markets worth billions of dollars and enabling mass real-world asset tokenization, Rexas Finance is deliberately positioned as a game-changer in the blockchain space.

Solana (SOL): Speed and Scalability at the Forefront  

Solana is often dubbed Ethereum Killer. This is due to its fast transaction, lower gas fees, and scalability. Recent Solana includes a steady rise in transaction volumes and an explosion of decentralized apps (dApps) derived from its network.

Recently reclaiming the $140 milestone, SOL has shown resilience during market turmoil. Although Solana’s open interest is still somewhat modest when compared to other big cryptocurrencies, analysts see this as a good indication.

The low open interest points to less leveraged trading, which would enable more consistent price increases motivated by consistent accumulation of investors. Solana’s network efficiency and growing ecosystem suggest that it could draw more users and developers, therefore posing a major challenge to Ethereum’s supremacy.

Cardano (ADA): A Bullish Outlook with Recent Signals

Many investors have been watching Cardano closely, particularly considering its recent optimistic indications. Though it dropped to $0.27 in August, ADA has shown indications of recovery, steadying above the vital $0.32 support level.

Suggesting a major trend reversal, the weekly RSI has shown a positive divergence for the first time in four years. Positive on-chain statistics reinforce this optimistic view even more; Cardano exceeds $6 billion in significant transaction volume, mostly due to institutional interest.

Should Cardano deviate from its present trend, analysts estimate that it may achieve a minimum target of $0.61, maybe exceeding its annual high of $0.81. Cardano’s emphasis on scalability and sustainability sets it as a major rival in the race to surpass Ethereum, with more initiatives and institutional support underlining this goal.

Which Would Take ETH’s Throne?   

Rexas Finance (RXS) is one of the candidates that most creatively challenge Ethereum’s market share. Its emphasis on real-world asset tokenization provides a means to close the gap between traditional markets and blockchain technology, therefore opening fresh opportunities for investors and asset owners. With a successful presale, great community support, and a defined road map, RXS is ready to upset the present market dynamics.

Though both Solana and Cardano have special strengths—speed, scalability, and institutional support—Rexas Finance’s innovative approach to asset tokenization might make it the dark horse in this race.

Conclusion

Projects such as Cardano (ADA), Solana (SOL), and Rexas Finance (RXS) give Ethereum fierce competition. Solana and Cardano have shown great promise, but Rexas Finance—with its creative approach to real-world asset tokenization—may really give Ethereum a run for its money. Participating in the RXS presale gives investors wishing to join this possible market revolution an unusual chance for notable expansion.

For more information about Rexas Finance (RXS) visit the links below:

Website – Whitepaper – Twitter/X – Telegram

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Cardano (ADA), Solana (SOL), or Rexas Finance (RXS): Which One Will Give Ethereum (ETH) a Run for Its Money in the Next Market Surge? appeared first on CaptainAltcoin.

In their latest newsletter, Rekt Capital discussed the Vanar Chain (VANRY) and its current market structure. They noted that VANRY has been forming a Falling Wedge pattern and it needs to retest the $0.088 mark as support to maintain its upward trajectory. 

Although the weekly closing price fell below the diagonal resistance of the blue pattern, VANRY has still positioned itself for a potential post-breakout retest of this level, aiming to establish it as new support.

Read Also: How Will Federal Rate Cuts Affect Bitcoin Price? Here’s a Historical Breakdown

The ongoing retest appears to be progressing well, which could allow VANRY to challenge the significant black Macro Downtrend above. Successfully breaking through this downtrend would pave the way for a new Macro Uptrend. 

Additionally, as long as the Bullish Divergence remains in effect, VANRY is poised to effectively contest the Macro Downtrend for a breakout opportunity.

Injective Positioning for a Breakout 

Rekt Capital also provided an update on Injective (INJ). They previously noted that INJ was consolidating within a Downtrending Channel. 

Read Also: Bitcoin Price Pumps Following Big Economic News

Since that discussion, INJ has seen some price increases, but it has only managed to reach the upper boundary of this key pattern, setting the stage for a possible breakout. 

For INJ to initiate a new uptrend after a prolonged period of decline, it will need to close above the upper limit of the pattern on a weekly basis.

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The crypto market is a treasure trove of boundless opportunities. In this fast-paced sphere, groundbreaking innovations quickly capture attention. That’s why Rollblock’s pioneering GambleFi revolution has captivated investors worldwide.

This innovative iGaming protocol boasts a unique blend of deflationary tokenomics, featuring crypto staking and profit-sharing opportunities. This income-generating cocktail has driven Cardano and Dogecoin enthusiasts into a frenzy. Thousands have flocked to snap up its $3.5M in its presale that has soared an amazing 160% in weeks.

Cardano‘s downfall: From scalability grace to “cult coin”

Cardano was a shining star in the crypto cosmos, and its luster has faded. This year, ADA has dropped a staggering 59% from its yearly high. This has left analysts unceremoniously labeling it a “cult coin” that enriches its founder without delivering value. Even worse, analysts now predict a further 33% price crash, with ADA struggling beneath the critical EMA 200 line. 

Cardano’s fall from grace is a cautionary tale. Promises of smart contracts and dApps haven’t translated into any meaningful turnaround for Cardano. This starkly contrasts Rollblock’s value-driven, user-focused crypto staking and profit-sharing utility, which enchanted ADA investors.

Dogecoin sees bullish sentiment. Can DOGE return to $0.15

A wave of bullish sentiment is sweeping through the Dogecoin community for the first time since its bear descent. For a while, Dogecoin price has been dancing around the $0.1 low. And now, buyers are seizing the opportunity to accumulate DOGE. On-chain data reveals a colossal $50 million worth of buy orders waiting in the wings. 

In addition to the bullish narrative, the balance of addresses holding significant amounts of DOGE is on the rise. Plus, technical analysts are also chiming in with optimism. DOGE is breaking the macro downtrend and has strong support at the current price level; a 50% rally to $0.15 seems within reach.

ADA and DOGE investors flock to Rollblock’s crypto-staking and profit-sharing allure

One thing is clear about Cardano and DOGE’s recent decline—money goes where the value is. Analysts are usually right! Dogecoin’s valueless speculative fad speaks volumes about its lackluster performance this year. Cardano’s inability to deliver value can eventually upend the goodwill and good work IOHK put in place for blockchain scalability.

But Rollblock addressing this with its value-driven utility for investors and innovative iGaming solution for punters has struck a chord with disillusioned investors. Even its presale has gone miles beyond expectations – $3.5M in liquidity, 12,500 subscribers, and demand aren’t slowing down.

Essentially, Rollblock is a cutting-edge, fully-fledged AI-backed GambleFi protocol that aims to resolve the lingering issues around traditional casinos. Rollblock’s focus on an evergreen pastime industry worth $500B annually says a lot about its potential. Users get no KYC access to the world’s first decentralized and most diverse gambling platform with over 7,000 gaming titles. 

However, it’s the deflationary tokenomics that had many DOGE and ADA investors going crazy over its presale. Its vibrant ecosystem economy features a crypto staking and profit-sharing program for token holders to earn a consistent income by doing nothing! The presale is still on, and stage 6 is almost sold out for $0.026. So don’t wait, as experts predicted a 100x surge before the year runs out.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website – Socials

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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The Federal Reserve has announced an interest rate cut of 0.50 percentage points yesterday, marking the first reduction in over four years.

Bitcoin’s price reacted positively to this news, pumping from the $59K range to now over $62K.

LookOnChain posted a chart breaking down how rate cuts have actually affected Bitcoin’s price over the past 10 years. Let’s take a closer look.

Rate Cuts and Bitcoin: Historical Breakdown

From 2015 to 2016, the Federal Reserve kept interest rates relatively low, around or below 0.5%. During this time, the BTC price stayed pretty steady at lower levels and didn’t show much reaction to the low rates.

Things got interesting in 2017 and 2018 though. The Fed started hiking rates big time, especially in the second half of 2017. Rates jumped from below 1% to almost 2.5% in 2018. However, despite these rate hikes, Bitcoin went on a tear, hitting nearly $20,000 in late 2017 – its first major peak. But as the Fed kept raising rates in 2018, the Bitcoin price took a big hit, crashing back to the $3,000-$4,000 range by early 2019.

Source: X/@lookonchain

In 2019, the Fed made some rate cuts, bringing rates down from about 2.5% to just above 1.5%. Bitcoin’s price didn’t move much during this time, staying mostly between $8,000 and $10,000. Then 2020 hit, and with the pandemic, the Fed slashed rates to nearly 0%. Bitcoin loved this, growing in the second half of 2020 and smashing past $20,000 by year’s end.

2021 was Bitcoin’s year to shine. With rates still super low (around 0%), Bitcoin’s price went through the roof, reaching its all-time high of around $70,000 in late-2021. It seems those ultra-low rates really fueled Bitcoin’s bull run as investors looked for alternatives in the low-interest environment.

From 2022 to now, we’ve seen the Fed aggressively hiking rates again, going from 0% to over 5% by 2023. Bitcoin felt the heat, dropping from its 2021 highs to below $20,000 at various points. It’s since bounced back to the $25,000-$30,000 range, but these rate hikes seem to have cooled off Bitcoin’s momentum a bit.

Read also: This XRP Chart Looks Like a ‘Time Bomb’ – Will Ripple’s Token Repeat 2017?

How a 50bps Rate Cut Might Affect BTC in 2024

With the Federal Reserve announcing a 50bps rate cut yesterday, we might see a bullish impact on Bitcoin. This is based on how the market has reacted to similar events in the past. Usually, when the Fed cuts rates, it leads to more money flowing around and cheaper borrowing. This often pushes investors towards riskier assets like Bitcoin, which tend to do well when interest rates are low.

The rate cut could make it easier for people and businesses to borrow money. This typically gives a boost to speculative investments. Investors looking for better returns might turn to Bitcoin, as it’s done well during times when monetary policy was loose.

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Lower rates also mean traditional savings accounts and bonds don’t pay as much. This could make Bitcoin more appealing as a way to protect against inflation or the weakening of regular currencies. With this rate cut, we might see more people interested in Bitcoin as a way to store value.

That being said, the crypto market has had some rough patches when rates went up, but this cut could bring back some positive vibes. This is especially true for investors who aren’t afraid of a bit of risk and see Bitcoin as a way to hedge their bets or make some speculative gains. If the broader economic picture looks good, this rate cut could help push Bitcoin’s price upward.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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The post How Will Federal Rate Cuts Affect Bitcoin Price? Here’s a Historical Breakdown appeared first on CaptainAltcoin.

Ripple’s (XRP) market performance has been bad over the last day. This token’s price saw a 2.25% dip while its trading volume has increased by 9.89%. At publication, XRP is trading at $0.575. 

Crypto analyst Mikybull shared a chart today with his followers, and he stated that analysts are referring to his chart as a technical time bomb waiting for an explosion. He added that it’s looking like the 2017 kind of PA formation.

XRP Chart Analysis: Symmetrical Triangle and Bollinger Bands 

The chart shows XRP forming a symmetrical triangle on the monthly timeframe. This pattern indicates consolidation, with the price narrowing into tighter ranges over time. 

Historically, symmetrical triangles are known to come before sharp price movements, either up or down. In XRP’s case, the pattern is reminiscent of its 2017 consolidation phase before its explosive rally to all-time highs.

Moreover, the chart noted that the token is hovering near a key decision point. If XRP follows its historical behavior, this consolidation phase could soon give way to a bullish breakout, pushing prices toward key psychological levels.

Image Source: X/MikybullCrypto

The chart also revealed Bollinger Bands, indicating that volatility has decreased as XRP continues to trade sideways. The contraction of these bands often signals that a strong move may be on the horizon. The last time XRP saw such volatility contraction, it led to a significant price surge.

Furthermore, as XRP approaches the edge of this pattern, traders are closely watching for any signs of a breakout, which could indicate the start of another rally.

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Show more +Show less – XRP’s Volume Decline Points to Price Build-Up

Volume analysis also plays a key role in this setup. The chart shows a steady decline in trading volume, a typical precursor to large price movements. 

Moreover, lower volumes during consolidation often indicate that market participants are waiting for a clear signal before re-entering the market. This scenario adds to the idea of XRP being a “time bomb,” where a sharp increase in volume could fuel a substantial price move.

Finally, as analysts draw comparisons to XRP’s 2017 price action, expectations are growing that the token could once again experience a strong rally. If XRP manages to break above key resistance levels, it could aim for price targets above $1 and beyond.  

Read Also: Bitcoin Price Pumps Following Big Economic News

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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The post This XRP Chart Looks Like a ‘Time Bomb’ – Will Ripple’s Token Repeat 2017? appeared first on CaptainAltcoin.

Bitcoin’s price has seen a 1.55% pump over the past hour. At publication, BTC is trading at $60,480.58. This price rise has happened because of major economic developments in the United States. 

Crypto analyst “WatcherGuru”  broke this big news to his 2.4 million followers on X this evening. He said the U.S. Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

BREAKING: Federal Reserve cuts interest rates by 50bps for the first time in 4 years.

— Watcher.Guru (@WatcherGuru) September 18, 2024

This change makes it cheaper for investors to borrow money, and this has caused the financial markets to feel more optimistic now that the Fed has slashed rates. The cryptocurrency market has responded swiftly to this news, given that borrowing rates are expected to reduce. 

However, its monetary policy has undergone a compelling shift following years of rate increases meant to fight inflation. At the Federal Open Market Committee (FOMC) meeting in September, this decision was confirmed. It is anticipated that this will reduce borrowing costs and promote economic expansion.

This move taken by the Federal Reserve comes after years of aggressive rate hikes, which saw 11 increases in two years and brought interest rates to their highest point in 23 years. 

Furthermore, the Fed thinks this is the time to change direction because inflation has decreased from 9.1% in 2022 to 2.5% according to the latest Consumer Price Index (CPI) statistics. As expected, the rate reductions might last until 2025.

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Show more +Show less – Bitcoin Sees Inflow Amid Rate Cuts

LookonChain on X, who has 448.6k followers, shared that Bitcoin saw a strong inflow of investment. The analyst said a net flow of 2,695 BTC ($161.29 million) was reported across 10 Bitcoin ETFs. Fidelity alone contributed 940 BTC ($56.24 million), bringing its total holdings to 175,865 BTC, valued at $10.52 billion.

Moreover, this solid influx of capital into Bitcoin ETFs suggests continued confidence in the cryptocurrency market.

Image Source: X/LookonChain

Read Also: FET Breaks Out of Key Pattern: Can the AI Crypto Surge to $2 Next?

Ethereum Faces Outflows as Bitcoin Strengthens

While Bitcoin enjoyed a positive flow of funds, Ethereum struggled. The analysis said the total net outflow of nine Ethereum ETFs was 4,973 ETH ($11.46 million). 

Finally, he added that substantial withdrawals were made from Grayscale’s Ethereum Trust as it saw a drop of 6,199 ETH, bringing its total holdings to 1,732,011 ETH, which is worth $3.99 billion.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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While the memecoin darling PEPE steers recent price dips with price rebound, Litecoin (LTC) is gearing up for a bullish breakout. However, it’s a new AI-powered contender, IntelMarkets (INTL), that’s capturing the spotlight with its groundbreaking $280k presale.

As investors eagerly await the next big move in the crypto market, IntelMarkets’ innovative dual-chain technology and quantum-resistant protocol offer a tantalizing glimpse into the future of decentralized finance.

PEPE’s Price: Is It Time to Buy?

Pepe (PEPE) has been experiencing substantial losses over the last several days, however, according to PEPE’s on-chain analytics, the price trajectory of the previous day broke the trend of the sharp decrease in major transactions. 

PEPE has increased by about 3% in the last day, bringing the monthly losses down to just 1.3%. At the moment, PEPE is selling for $0.000007428. PEPE’s market capitalization has also climbed by 3%, reaching $3.2 billion.

Even though there have been downturns recently making investors cautious, many analysts think that maintaining key support levels could result in a significant rebound in the price of PEPE. Investors who are keeping an eye on the price of PEPE may find opportunities. Because memecoins typically thrive on community optimism, PEPE has everything it takes to flourish.

LTC Bulls Gain Momentum: Price Targets Ahead

With significant bullish momentum building after breaking above a crucial trendline, Litecoin (LTC) was exhibiting indications of a possible breakout.

A well-known cryptocurrency analyst believes that this move can be the beginning of a longer upward trajectory, with possible targets at $72, $82, $90, and $108. Litecoin’s (LTC) technical indications suggest a mixed but promising future. The Bollinger Bands indicate a rise in price volatility, and the present price of $62.38 is near the upper band. This implies that there is an increasing driving force for the trend to continue.

Recently, there has been an exciting development in the Litecoin (LTC) Network. Litecoin (LTC) claims that it is processing over a quadrillion hashes per second, demonstrating the network’s growing robustness, security, and durability. This major milestone was announced by the platform on its official social media accounts sparking its community interest and adding to its bullish momentum.

Dual-Chain, Quantum-Safe Trading: Is IntelMarkets (INTL) the Future of DeFi?

IntelMarkets (INTL), an AI-powered trading platform, is a new entry into the crypto market. The dual-chain technology that underpins IntelMarkets (INTL) allows traders to transition easily between Ethereum and Solana and take advantage of both blockchains’ advantages. Because they can make use of both Solana’s speed and throughput and Ethereum’s security simultaneously, this functionality offers consumers greater options.

The Route X21 protocol’s initial development was recently disclosed by the AI trading platform IntelMarkets (INTL). In addition to providing extra security for DeFi assets on the blockchain layer, the quantum-resistant protocol is anticipated to shield users from threats in quantum computer power. This announcement has set the crypto market on fire, sparking debate on IntelMarket’s potential.

IntelMarket (INTL) is preparing to become one of the front-runners of the new generation of decentralized trading platforms with these advanced AI trading tools. Its presale was opened for the public recently and it has seen a stellar momentum like never before raising over $280,000 so far. Holders of many promising cryptocurrency projects are likely to invest in the platform, given its growing momentum and undeniable potential.

Discover More About Intel Markets:

Presale – Buy Presale – Telegram – Twitter

DISCLAIMER: CAPTAINALTCOIN DOES NOT ENDORSE INVESTING IN ANY PROJECT MENTIONED IN SPONSORED ARTICLES. EXERCISE CAUTION AND DO THOROUGH RESEARCH BEFORE INVESTING YOUR MONEY. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We strongly advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the readCaptainAltcoin is not liable for any damages or losses from using or relying on this content.

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FET is in a promising position following key technical developments, as highlighted by crypto analyst Crypto_Jobs. The token has seen a bullish retest at the $1.240 level. 

Moreover, this is alongside the formation of a potential Cup and Handle pattern on the 4-hour chart. These indicators point toward a potential price surge, contingent on maintaining critical support levels.

Breakout from Falling Wedge

The break from a 175-day declining wedge pattern is among the most obvious changes in FET’s price movement. Usually indicating that a protracted downfall may be ending, falling wedges are positive reversal indications. 

$FET – Update: -A bullish retest has been made exactly on the 1.240$ level -Possible Cup & Handle [H4]-The price is also consolidating above the 175 days fallwing wedge! As long as $FET price hold above the 1.180$ [POC point] and uptrend a new run up toward 1.700… pic.twitter.com/2x3QnLWfd8

— Crypto_Jobs TA & FA (@CryptoJobs3) September 17, 2024

In this case, the breakout aligns with other technical factors that suggest further upside. Crypto_Jobs notes that as long as the FET price holds above the $1.180 POC, which marks an area of high trading activity, there is potential for a new upward trend. 

Key Support and Resistance Levels

The $1.240 level has proven to be a significant support point after a successful bullish retest. If the price continues to consolidate above this level, the bullish momentum could remain intact. On the downside, key support levels include $1.120 and $0.950, which may offer good entry points for long-term accumulation if the market sees a broader pullback.

Resistance levels will be crucial for confirming a sustained upward move. The immediate resistance zone lies between $1.450 and $1.460. A breakout beyond this range could unlock further potential, with targets set at $1.700 and $1.900 in the mid-term. 

Crypto_Jobs notes resistance points to watch at $1.640, $1.750, $1.800, and $1.920, leading up to a potential move toward $2.00.

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Read also: DOT Price Prediction – Will Polkadot Ever Hit $10 With Its Market Cap

Mid-Term Outlook for FET

The mid-term outlook is favorable if FET can sustain its critical support levels and overcome its immediate resistance. FET’s price will increase around $1.700 to $1.900, particularly if it continues to exhibit a positive trend. 

Still, if the general state of the market is bad, lower support levels might be triggered, which would create a good chance for accumulation close to $1.120 and $0.950.

The behavior of the larger market, especially Bitcoin, will affect the price motion of FET. A drop in Bitcoin could force the price of FET into its lower support levels to move towards accumulation chances. Crypto_Jobs advises accumulating around $1.120 and $0.950 if the market experiences a downturn.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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Kaspa’s (KAS) market performance has been bloody over the past day.

The KAS price dippee 4% on Wednesday, while its trading volume also saw a 10.44% decrease. At press time, it is trading at $0.1686.Crypto analyst Jim, known as @Cryptographur on X, shared with his 16.3k followers that most of this selling pressure originated from short-term holders. He said these investors lack conviction and, having held the asset for less than six months, are selling out of fear. 

In contrast, long-term holders who have held their positions for over six months are showing more confidence, as they are in profit and are less likely to sell.

Kaspa’s Short-Term Holders Contributing to Price Volatility

The chart posted by the analyst showing the percentage of KAS supply not moved for over three months indicates that as the price fluctuates, many of these short-term holders begin selling, likely due to fear of further losses. 

Moreover, Jim said these investors have not held long enough to see substantial gains, leading to panic selling when prices dip.

Image Source: X/Cryptographur

The chart highlights a compelling drop in the percentage of KAS held by short-term holders during early 2023, coinciding with a period of increased price volatility. This behavior has created waves of sell pressure, adding to the fluctuations seen in KAS pricing.

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Show more +Show less – KAS Long-Term Holders Show Stronger Conviction

Conversely, the chart tracking KAS supply that has not moved for over six months indicates that long-term holders are sticking to their positions confidently. 

However, the percentage of supply held by these investors has risen consistently, surpassing 40%. This increase demonstrates that these holders, who have likely experienced profits, are not motivated to sell despite short-term price changes.

Image Source: X/Cryptographur

According to Jim’s tweet, these long-term investors are stronger-minded and see potential in the asset. Their confidence in Kaspa is supported by the upward trajectory in both the supply held and the price of KAS, indicating stability from this group.

Read Also: Expert Turns Bullish on SUI Price as Fundamental and Technical Metrics Indicate Major Growth Potential

Correlation Between Price Trends and Holding Patterns

The divergence in behavior between short-term and long-term holders is key to understanding Kaspa’s price movements. 

However, as long-term holders accumulate and remain inactive, their stability reduces the overall sell pressure. On the other hand, the fear-driven sell-offs from short-term holders create temporary volatility.

Finally, both charts clearly show this dynamic. While short-term holders sell in response to market dips, long-term holders provide a foundation of support, which could help Kaspa’s price continue on an upward trend over time.

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The post Analyst Explains Why Kaspa (KAS) Price Faces Selling Pressure appeared first on CaptainAltcoin.

Singapore, Singapore, September 18th, 2024, Chainwire

Key Takeaways:

PancakeSwap is launching its first Initial Farm Offering (IFO) on Arbitrum, marking a significant milestone in its multichain expansion strategy.

The IFO will feature Eigenpie, a leading Liquid Restaking Protocol on EigenLayer.

The IFO will be conducted from 10:15 AM UTC on September 24th, 2024, to 10:15 AM UTC on September 25th, 2024.

Participation methods include a Basic IFO for all CAKE holders and a Public IFO with reduced fees for veCAKE holders.

PancakeSwap has unveiled its first-ever Initial Farm Offering (IFO) on the Arbitrum network. This event will spotlight Eigenpie, a well-known Liquid Restaking Protocol on EigenLayer with over $1B TVL, marking an important step in PancakeSwap’s ongoing expansion.

The upcoming IFO will run from September 24, 2024, at 10:15 AM UTC to September 25, 2024, at 10:15 AM UTC. This venture marks a significant moment for PancakeSwap as it introduces its popular IFO model to Arbitrum, following previous successful launches of Swap, Yield Farming, Prediction Markets, and Perpetual Trading on the network.

Eigenpie represents an innovative approach in the DeFi space. Built on EigenLayer, Eigenpie is a Liquid Restaking Protocol that enables users to restake their ETH or Liquid Staking Tokens (LSTs). The restaked asset is used to validate other services while allowing users to maintain liquidity via a Liquid Restaking Token (LRT). 

The centerpiece of this IFO is the EGP token, which serves as Eigenpie’s native governance token. EGP allows its holders to participate in protocol governance, potentially earn rewards from engagement, and amplify their influence through vote-locked EGP (vlEGP). 

Participation in the IFO will be accessible through two primary channels. The Basic IFO will be open to all CAKE holders. For those with veCAKE on BNB Chain, a Public IFO will provide exclusive access with a reduced participation fee. Participants will need to lock CAKE to receive veCAKE, which they will then use to join the IFO.

Disclaimer and Risk Warning: This content is for informational and educational purposes only and does not constitute financial, legal, or professional advice. It is not a recommendation to purchase any specific product or service. Please consult with qualified advisors for personalized guidance. Participation in the IFO involves risks and may be restricted in some areas. Ensure you comply with local laws and regulations before participating.

About PancakeSwap

PancakeSwap is a leading multichain decentralized exchange that operates on an automated market maker (AMM) model and is available across nine chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Era, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $828 billion in cumulative trading volume and over $1.58 billion in total value locked, making it a leading multichain DEX in the industry. For more information, users can visit https://pancakeswap.finance/.

Contact

PancakeSwapcocoa@pancakeswap.com

The post PancakeSwap Launches First IFO on Arbitrum Featuring Eigenpie appeared first on CaptainAltcoin.

PEPE’s price has been on a downward trend over the past day, but its trading volume saw a 30.65% boost, suggesting that investors are beginning to have faith in the coin. At press time, it is trading at $0.0000007259. 

Crypto Analyst “@Decilizer” shared with his followers today that $PEPE is “gaining strength,” and if Bitcoin maintains its bullish trend, the token may trim a zero from its price. He also mentioned that $SHIB and $DOGE are stepping up in the memecoin sector, leading the charge alongside PEPE. 

PEPE’s Key Support and Resistance Levels

The chart posted by the analyst indicates two key support levels: $0.0000007 and $0.0000004. These levels have held steady during price dips, suggesting strong buyer interest. This $0.0000007 level has been tested multiple times, indicating it as a consolidation zone after minor pullbacks.

On the resistance side, PEPE is facing a challenge at 0.00000110 USDT. This level has previously rejected upward price movement, making it a significant hurdle. If PEPE can break above this resistance, it might push towards further bullish momentum, especially with broader market support.

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Show more +Show less – PEPE’s Chart Analysis: Technical Indicators Signal Momentum

The chart also shows the 50-period EMA (Exponential Moving Average) acting as dynamic support for PEPE’s price. This token remains above the EMA, which is generally considered a bullish signal. This suggests that the coin may be gearing up for another move higher.

Image Source: X/Decilizer

The RSI hovers around the 40-60 range, indicating neutral momentum. This shows that there is still room for price movement in either direction. Moreover, volume spikes also appeared during price surges, hinting at potential volatility.

Read Also: Chainlink Consolidates Below Key Resistance: LINK Price Rally Incoming?

What’s Next for PEPE?

Decilizer mentioned that PEPEs’ price saw an 11X surge in gains which is a substantial increase during favorable market conditions. He also said that if Bitcoin stays bullish, PEPE may trim a zero from its price. 

However, this will likely require a strong catalyst, with memecoin interest and volume driving upward momentum.

Decilizer also mentioned that $SHIB and $DOGE are showing strength in the market. These two are stepping up, potentially encouraging a broader rally in the memecoin sector. He added that their performance could create a ripple effect, positively influencing PEPE’s trajectory.

Finally, while PEPE holds above its key support levels, traders and investors are waiting patiently for a breakout above 0.00000110 USDT, which could signal upward movement.

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The post Does PEPE Chart Indicate 11x Move? $SHIB and $DOGE Are ‘Stepping up’ appeared first on CaptainAltcoin.

Bitcoin (BTC) has shown promising signs of a potential breakout, as outlined by ZAYKCharts in their latest analysis. According to the chart shared, Bitcoin is forming a Bullish Flag pattern on the 3-day timeframe, indicating a continuation of its current upward trend. 

Alongside this technical analysis, Wise Advice, a market analyst, discussed the broader economic outlook and its potential effects on the crypto market, offering a cautious yet optimistic view of the near future.

$BTC Bullish Flag Formation in 3D TimeframeWhen a breakout happens,Next Target will be $80K#BTC #BTCUSDT #Bitcoin #Crypto pic.twitter.com/ViDDFVh23o

— ZAYK Charts (@ZAYKCharts) September 18, 2024

BTC’s Pattern Signals Upward Potential

Following a consolidation phase, the BTC chart by ZAYK shows a bullish flag formation—a pattern indicating an upswing. With traders looking for a likely move upward once a breakout happens, Bitcoin’s price has been swinging about two trendlines, creating the shape of the flag.

Lower highs and higher lows define the phase in the flag pattern, therefore showing a decrease in volatility as the price compresses between the trendlines. 

With the setup implying an impending breakout, ZAYKCharts notes that this squeeze in price action is generally a forerunner of a movement. Should Bitcoin pass the upper trendline of the flag, it would verify the ongoing positive momentum of the currency.

A  breakout from this formation might drive Bitcoin toward a target of $80k, in line with the expected movement based on the length of the first rally, according to ZAYKCharts.

Key Economic Insights from Wise Advice

Adding to the technical analysis, Wise Advice shared insights on the broader market conditions that could influence Bitcoin’s price trajectory. Wise Advice highlighted a growing probability of a 50 basis points interest rate cut by the FED, with a 65% likelihood according to market predictions. 

𝐂𝐫𝐲𝐩𝐭𝐨 𝐇𝐨𝐥𝐝𝐞𝐫𝐬 𝐏𝐚𝐲 𝐀𝐭𝐭𝐞𝐧𝐭𝐢𝐨𝐧 The market is predicting a 65% probability of a 50 BPS rate cut. Since the 1980s, the #FED has usually preferred a 25 BPS rate cut to start the rate cut cycle.There were only 2 instances where the first rate cut was… pic.twitter.com/DIZ0GEiiA4

— Wise Advice (@wiseadvicesumit) September 18, 2024

Historically, the FED has initiated rate cut cycles with smaller 25 BPS reductions, except in times of major economic crises like the 2001 dot-com bubble and the 2007 financial crisis.

Wise Advice emphasized that if the FED delays a recession through quantitative easing and rate cuts, the cryptocurrency market could experience a strong bullish cycle. However, if a recession triggers as early as Q1 next year, it could negatively impact the entire market, including Bitcoin.

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Show more +Show less –

Read also: DOT Price Prediction – Will Polkadot Ever Hit $10 With Its Market Cap

Bitcoin’s Future: Bullish or Bearish?

While the Bullish Flag pattern on Bitcoin’s chart signals a potential breakout, Wise Advice’s macroeconomic analysis provides a broader context for understanding market sentiment. Bitcoin’s price is likely to remain highly reactive to FED decisions, especially concerning rate cuts and economic stimulus measures.

Both ZAYKCharts and Wise Advice point toward volatility soon, with the outcome of Bitcoin’s next move heavily influenced by both technical patterns and macroeconomic conditions. The $80K target remains contingent on Bitcoin breaking the $40K resistance, but a recession could derail this bullish scenario.

Follow us on X (Twitter), CoinMarketCap and Binance Square for more daily crypto updates.Get all our future calls by joining our FREE Telegram group.

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more Visit eToro Now Active user community and social features like news feeds, chats for specific coins available for trading. Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs. Copy trading: allows users to copy the trades of leading traders, for free. User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.

The post This Bitcoin Pattern Signals $80K Is The Next Target for BTC Price appeared first on CaptainAltcoin.