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💵 $BONK Next Move: Price Prediction Indicates a 40% Hike - AMBCrypto Analytics The late February-early March rally saw BONK reach its ATH at $0.0000477. Over the six weeks, it retraced almost all of those gains, nearly falling back to the 100% retracement level. The range formation (purple) gave the bulls time to recover and gather strength for the next push. The RSI on the daily chart was above neutral 50. The CMF was at -0.01. Together, they showed strong bullish momentum but a lack of significant capital inflows recently. The breakout above the range, whose highs were at the 50% Fibonacci retracement level, was an encouraging sight for the bulls. The BONK price prediction is bullish due to the retracement, consolidation, and breakout that took place over the past three months. It is highly likely that BONK would soon set new ATHs. The Fibonacci extension levels showed $0.000056 and $0.00007 were the next targets.

💵 $BONK Next Move: Price Prediction Indicates a 40% Hike - AMBCrypto Analytics

The late February-early March rally saw BONK reach its ATH at $0.0000477. Over the six weeks, it retraced almost all of those gains, nearly falling back to the 100% retracement level.

The range formation (purple) gave the bulls time to recover and gather strength for the next push.

The RSI on the daily chart was above neutral 50. The CMF was at -0.01. Together, they showed strong bullish momentum but a lack of significant capital inflows recently.

The breakout above the range, whose highs were at the 50% Fibonacci retracement level, was an encouraging sight for the bulls.

The BONK price prediction is bullish due to the retracement, consolidation, and breakout that took place over the past three months.

It is highly likely that BONK would soon set new ATHs. The Fibonacci extension levels showed $0.000056 and $0.00007 were the next targets.

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💥 $MATIC  Breakout Likely: Strong Technical and Fundamental Indicators - BeinCrypto Analytics The EMA 100, represented by the blue line, is a significant resistance level. Over the past two months, Polygon’s price has consistently traded below the EMA 100, depicted by the blue line. This sustained trading below the EMA 100 underscores a bearish trend. Notably, the last significant attempt to break above the EMA 100 occurred on April 9. However, this attempt was met with substantial selling pressure, further reinforcing the bearish sentiment. The Ichimoku Baseline, illustrated by the red line, is a dynamic support level. The price has repeatedly approached but failed to sustain below this baseline, indicating consistent buying activity at these price levels. The price has entered the Ichimoku Cloud. The lower boundary of the cloud, currently acting as support, appears to be a challenging level to break. The price’s entry into the cloud suggests an increase in volatility. A breakout within the cloud is expected to heighten this volatility further. Additionally, the 0.618 Fibonacci retracement level within the cloud is a critical resistance point. Polygon’s price has been testing this level, and a sustained breakout above the 0.618 Fibonacci level could propel it higher. This breakout can push the price towards the upper boundary of the cloud and potentially higher resistance levels, such as the EMA 100 and the 0.5 Fibonacci retracement line, situated around the $0.78 to $0.80 range. Despite the prevailing bearish trend indicated by the EMA 100 and the Ichimoku Baseline, the recent entry into the Ichimoku Cloud introduces the potential for increased volatility and possible bullish movements.
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🚀 $BTC Hidden Disaster Incoming? - U.Today Analytics When Bitcoin recently broke through the $70,000 barrier, it achieved a major milestone. However, the development of a double top pattern around the $71,900 level may be a warning sign that this achievement is approaching. According to technical analysis, a double top pattern is a bearish signal that is on the verge of finishing on the BTC chart. It appears when an asset reaches its peak, retraces its steps and then reaches its peak once more before beginning to decline. This pattern indicates that there may be a downturn and that the asset may find it difficult to sustain its upward momentum. An analysis of the current Bitcoin chart: In the case of Bitcoin, the price tried to rise after crossing $70,000 but encountered resistance close to $71,900. Bitcoin may finish the double top formation, signaling a possible end to the current rally if it is unable to overcome this resistance and retreats. Relative Strength Index (RSI): A price correction is usually preceded by overbought levels, which are approaching for Bitcoin. Trading volume: The volume has not been particularly high during the recent upward trend, which implies that the buying pressure may be waning. Broader market context: The general sentiment of the market is still largely positive despite these cautionary signals. The increasing acceptance of Bitcoin by the general public and institutions could offset any possible bearish trends. Important levels to keep an eye on: Support at $70,000: Should Bitcoin fall below this mark, it may validate the double top pattern and trigger a downturn. The resistance is at $71,900. A high volume surge over this point could invalidate the bearish pattern and indicate that the upward momentum is still there.
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🔥 $NOT surges 84% in one week: Time to add NOT to your portfolio? - AMBCrypto Analytics While there has been some profit-taking activity in the past few days, NOT’s momentum indicators remain significantly above their 50-neutral lines. At press time, the token’s RSI was 76.73, while its Money Flow Index was 77. These indicators suggested that NOT buying activity remained significant and exceeded selling pressure.  However, it is key to note that at its value, NOT’s RSI signaled that the token was overbought and a potential price correction was imminent.  When an asset is overbought, buyers’ exhaustion sets in, and its price witnesses a pullback. Although there lies a risk of a slight correction in NOT’s price, the bulls remain firmly in market control. Readings from its Elder-Ray Index showed this. As of this writing, the indicator’s value was 0.012.  This indicator measures the relationship between the strength of NOT’s buyers and sellers in the market. When its value is positive, bull power dominates the market.   Further, its positive directional index (green), at 45.96, was above its negative index (red), at 6.2, as of this writing. This signaled that the altcoin was experiencing a stronger uptrend than a downward momentum, even though some traders had started selling. In addition, NOT’s Chaikin Money Flow (CMF) at 0.20 showed that a significant amount of liquidity was flowing into the market. A positive CMF is a sign of market strength. It connotes capital inflow as demand for an asset climbs, a bullish signal. 
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