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Solana (SOL) Stuns Bears: $200 on Horizon?
Solana has stunned bears with 33% increase over last two weeks
According to on-chain #Analytics firm #santiment , Solana (SOL), the fifth largest cryptocurrency by market capitalization, has stunned bears with a 33% increase over the last two weeks.
Santiment noted that Solana prices have broken out 33% since July 4, and this climb is being fueled by crowd doubt toward SOL. It went on to say that this current scenario is benefiting Solana Hodlers, noting that "The Solana faithful have been rewarded for their patience as prices have broken out +33% since July 4."
📈 The Solana faithful have been rewarded for their patience as prices have broken out +33% since the 4th of July. The climb is being fueled by crowd doubt toward SOL. Until FOMO replaces the FUD, $200 SOL is very much reachable soon. pic.twitter.com/hLpf8qZVqb
As long as the current FUD (fear, uncertainty and doubt) persists, according to Santiment, Solana might see price climbs with crowd belief allowing further price rise.
Santiment added that unless #fomo (fear of missing out) replaces the FUD, the $200 mark might be soon reachable.
Solana to $200?
At the time of writing, $SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
As previously reported, Ali Martinez, a crypto #analyst , spotted a "W" pattern, which bears similitude with the double bottom, and highlighted a price target of $175. This scenario also highlights the possibility of a $200 price target if Solana continues soaring.
This optimistic view will be negated in the near term if SOL's price falls below the moving averages. Solana's price might then return to its earlier consolidation range before the next major move.
#BinanceHODLerBANANA
Solana has stunned bears with 33% increase over last two weeks
According to on-chain #Analytics firm #santiment , Solana (SOL), the fifth largest cryptocurrency by market capitalization, has stunned bears with a 33% increase over the last two weeks.
Santiment noted that Solana prices have broken out 33% since July 4, and this climb is being fueled by crowd doubt toward SOL. It went on to say that this current scenario is benefiting Solana Hodlers, noting that "The Solana faithful have been rewarded for their patience as prices have broken out +33% since July 4."
📈 The Solana faithful have been rewarded for their patience as prices have broken out +33% since the 4th of July. The climb is being fueled by crowd doubt toward SOL. Until FOMO replaces the FUD, $200 SOL is very much reachable soon. pic.twitter.com/hLpf8qZVqb
As long as the current FUD (fear, uncertainty and doubt) persists, according to Santiment, Solana might see price climbs with crowd belief allowing further price rise.
Santiment added that unless #fomo (fear of missing out) replaces the FUD, the $200 mark might be soon reachable.
Solana to $200?
At the time of writing, $SOL was barely up 1% in the last 24 hours to $169. The token, however, remains higher at 21% weekly
The latest rebound follows as Solana rose steadily from lows of $121 on July 5. Since then, bulls have driven Solana higher, signaling strong demand. If this rebound scenario sustains, Solana could climb to $180 and eventually to the $200 level.
As previously reported, Ali Martinez, a crypto #analyst , spotted a "W" pattern, which bears similitude with the double bottom, and highlighted a price target of $175. This scenario also highlights the possibility of a $200 price target if Solana continues soaring.
This optimistic view will be negated in the near term if SOL's price falls below the moving averages. Solana's price might then return to its earlier consolidation range before the next major move.
#BinanceHODLerBANANA
Why Does a Top Analyst Predict a 30% Retracement for Bitcoin?
Leading crypto analyst Rekt Capital recently outlined why Bitcoin could still see significant downside despite breaking its macro downtrend and entering a new bull market.
In a Twitter thread, Rekt Capital noted that at comparable points in previous cycles, Bitcoin has retraced 25-38% before continuing its bull run.
Looking at market stages less than 190 days before Bitcoin’s halving events, there was a 25% pullback in 2015/2016 and a 38% correction in 2019. Rekt Capital suggests 2023 more closely mirrors 2015 so far.
Even if this cycle rhymes with 2015, that would still imply a roughly 30% drop is possible from current levels over the next 4-6 months according to historical precedents.
While Bitcoin has shown strength breaking its downtrend, Rekt Capital cautions that substantial volatility is very common at this phase. The analyst’s message underscores smart risk management.
Past performance does not guarantee future results. However, analyzing market cycles often provides helpful context on probable scenarios for Bitcoin’s path ahead.
According to Rekt Capital, Bitcoin remains in a confirmed bull market. The question is whether an expected retracement arrives sooner or later. Maintaining a long-term perspective is key amidst interim fluctuations.
For now, the analyst’s takeaway is that investors should not rule out the likelihood of a 30% or greater pullback even amid an extended recovery. Bitcoin has seen similar drawdowns near halving events before continuing its ascent.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#bitcoin #analyst $BTC
In a Twitter thread, Rekt Capital noted that at comparable points in previous cycles, Bitcoin has retraced 25-38% before continuing its bull run.
Looking at market stages less than 190 days before Bitcoin’s halving events, there was a 25% pullback in 2015/2016 and a 38% correction in 2019. Rekt Capital suggests 2023 more closely mirrors 2015 so far.
Even if this cycle rhymes with 2015, that would still imply a roughly 30% drop is possible from current levels over the next 4-6 months according to historical precedents.
While Bitcoin has shown strength breaking its downtrend, Rekt Capital cautions that substantial volatility is very common at this phase. The analyst’s message underscores smart risk management.
Past performance does not guarantee future results. However, analyzing market cycles often provides helpful context on probable scenarios for Bitcoin’s path ahead.
According to Rekt Capital, Bitcoin remains in a confirmed bull market. The question is whether an expected retracement arrives sooner or later. Maintaining a long-term perspective is key amidst interim fluctuations.
For now, the analyst’s takeaway is that investors should not rule out the likelihood of a 30% or greater pullback even amid an extended recovery. Bitcoin has seen similar drawdowns near halving events before continuing its ascent.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#bitcoin #analyst $BTC
Crypto Analyst Reveals His Bullish Case For $XRP To Surge To $10 In The Future
A popular cryptocurrency market commentator, who on social media is known as Crypto Assets Guy, has recently revealed an ambitious price prediction for the native token of the XRP Ledger, $XRP , suggesting numerous factors could help drive its price up.
According to Crypto Assets Guy’s estimations, several key events could trigger a succession of price hikes for XRP, including the settlement of the ongoing legal battle between the U.S. Securities and Exchange Commission (#SEC ) and Ripple Labs, a major player in the XRP market.
Per his words, this could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.
Settlement announcement $3.50 Relisting in US exchanges $5 Ripple IPO $7 Banks partnerships $10 Stay realistic $XRP fam
— #crypto Assets Guy (cryptoassetsguy) July 5, 2023
He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10. His forecasts, it’s worth noting, are largely based on personal insights and market analyses. The price targets suggested may well prove to be overly optimistic given the inherently unpredictable and often volatile nature of #cryptocurrency markets.
Notably, the digital asset #analyst has previously warned followers not to expect the digital token to rise to $50 or $100, even in the event of a favorable resolution to the lawsuit.
As reported, in a noteworthy display of optimism, a cryptocurrency analyst known as JackTheRippler expressed his view today that the price of XRP, could escalate to $1,000, a valuation he characterizes as “merely trivial.”
JackTheRippler’s audacious projection provoked a flurry of reactions from the $XRP community. Many enthusiasts rejoiced at the notion that someone would predict such an impressive future for XRP.
Yet, not all in the #XRP community were convinced, with some viewing these lofty predictions as more of a pie-in-the-sky dream requiring nothing short of a miracle to become reality.
While these predictions exhibit a wide spectrum of optimism, investors are urged to conduct individual research and take into account that market conditions and unpredictable events can considerably impact price movements.
As CryptoGlobe reported, after the price of XRP tumbled last month, large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens.
This isn’t the first time this year whales on the XRP Ledger accumulated during a downturn. As CryptoGlobe reported, back in March data from Santiment showed there were 50 new whale addresses on the XRP Ledger holding between 10 million and 100 million XRP.
Notably, a discernible pattern in the activity of daily active addresses might indicate that the native token of the $XRP Ledger, XRP, is setting the stage for a significant price pump. The pattern has seemingly been spotted on multiple occasions in the past, leading to notable spikes.
According to Crypto Assets Guy’s estimations, several key events could trigger a succession of price hikes for XRP, including the settlement of the ongoing legal battle between the U.S. Securities and Exchange Commission (#SEC ) and Ripple Labs, a major player in the XRP market.
Per his words, this could see XRP rise to $3.5, while a relisting on cryptocurrency exchanges that delisted the token could lead to $5.
Settlement announcement $3.50 Relisting in US exchanges $5 Ripple IPO $7 Banks partnerships $10 Stay realistic $XRP fam
— #crypto Assets Guy (cryptoassetsguy) July 5, 2023
He speculated that an initial public offering (IPO) from Ripple might push the price to $7, with strategic partnerships with banking institutions possibly elevating it to $10. His forecasts, it’s worth noting, are largely based on personal insights and market analyses. The price targets suggested may well prove to be overly optimistic given the inherently unpredictable and often volatile nature of #cryptocurrency markets.
Notably, the digital asset #analyst has previously warned followers not to expect the digital token to rise to $50 or $100, even in the event of a favorable resolution to the lawsuit.
As reported, in a noteworthy display of optimism, a cryptocurrency analyst known as JackTheRippler expressed his view today that the price of XRP, could escalate to $1,000, a valuation he characterizes as “merely trivial.”
JackTheRippler’s audacious projection provoked a flurry of reactions from the $XRP community. Many enthusiasts rejoiced at the notion that someone would predict such an impressive future for XRP.
Yet, not all in the #XRP community were convinced, with some viewing these lofty predictions as more of a pie-in-the-sky dream requiring nothing short of a miracle to become reality.
While these predictions exhibit a wide spectrum of optimism, investors are urged to conduct individual research and take into account that market conditions and unpredictable events can considerably impact price movements.
As CryptoGlobe reported, after the price of XRP tumbled last month, large cryptocurrency investors, colloquially known as whales, bought the dip, accumulating over 360 million tokens.
This isn’t the first time this year whales on the XRP Ledger accumulated during a downturn. As CryptoGlobe reported, back in March data from Santiment showed there were 50 new whale addresses on the XRP Ledger holding between 10 million and 100 million XRP.
Notably, a discernible pattern in the activity of daily active addresses might indicate that the native token of the $XRP Ledger, XRP, is setting the stage for a significant price pump. The pattern has seemingly been spotted on multiple occasions in the past, leading to notable spikes.
What Is an Investment Banker?
An #investment banker is an individual who often works as part of a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities. Examples of investment banker employers are Goldman Sachs (GS), Morgan Stanley (MS), JPMorgan Chase (JPM), Bank of America Merrill Lynch (BAC), and Deutsche Bank (DB).
KEY TAKEAWAYS:
An investment banker works for a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.
The investment banking field is popular because it is typically well paid.
Investment bankers must have excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.
Understanding Investment Banking
Investment bankers facilitate large, complicated financial #transactions . These transactions may include structuring an acquisition, merger, or sale for clients. Another responsibility of investment bankers is issuing securities as a means of raising capital. This involves creating detailed documentation for the Securities and Exchange Commission (SEC) necessary for a company to go public.
An investment banker can save a client time and money by identifying the risks associated with a particular project before a company moves forward. In theory, the investment banker is an expert in their field or industry, who has a finger on the pulse of the current investing climate. Businesses and nonprofit institutions often turn to investment bankers for advice on how best to plan their development.
An investment banker also assists with pricing financial instruments and navigating regulatory requirements. When a company holds its initial public offering (IPO), an investment bank will buy all or much of that company’s shares directly, acting as an intermediary. In this case, acting on behalf of the company going public, the investment bank will subsequently sell the company’s shares into the public market, creating immediate liquidity.
An #investment bank stands to make a profit in this scenario, generally pricing its shares at a markup. In doing so, the investment bank takes on a substantial amount of risk. While experienced analysts at the investment bank use their expertise to price the stock accurately, an investment banker can lose money on the deal if they have overvalued the shares.
An Example of Investment Banking and an IPO
For example, suppose that Pete’s Paints Co., a chain supplying paints and other hardware, wants to go public. Pete, the owner, gets in touch with Katherine, a prominent investment banker. Pete and Katherine strike a deal in which Katherine (on behalf of her firm) agrees to buy 100,000 shares of Pete’s Paints for the company’s IPO at the price of $24 per share, based on her analyst team's recommendations. The investment #bank pays $2.4 million for the 100,000 shares.
After filing the appropriate paperwork, such as SEC Form S-1, and setting the IPO's date and time, Katherine and her team begin selling the stock into the open market at $26 per share. However, the investment bank cannot sell more than 20% of the shares at this price given weak demand and is forced to reduce the price to $23 to sell the rest of the holdings. This ultimately leads to a loss for Katherine and her team.
Required Skills for Investment Bankers
The investment banking field is popular because investment bankers are typically well paid. However, these positions require specific skills, such as excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.
Educational requirements usually include an MBA from a top-notch institution and potentially the chartered financial #analyst (CFA) designation.
Investment bankers must abide by their firm's stipulated code of conduct and typically sign a confidentiality agreement because of the sensitive nature of the information they receive. Moreover, there is potential for conflict of interest if the advisory and trading divisions of investment banks interact.
A hierarchy of positions typically exists in investment banking: (from junior to senior) analyst, associate, vice president, senior vice president, and then managing director.
KEY TAKEAWAYS:
An investment banker works for a financial institution and is primarily concerned with raising capital for corporations, governments, or other entities.
The investment banking field is popular because it is typically well paid.
Investment bankers must have excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.
Understanding Investment Banking
Investment bankers facilitate large, complicated financial #transactions . These transactions may include structuring an acquisition, merger, or sale for clients. Another responsibility of investment bankers is issuing securities as a means of raising capital. This involves creating detailed documentation for the Securities and Exchange Commission (SEC) necessary for a company to go public.
An investment banker can save a client time and money by identifying the risks associated with a particular project before a company moves forward. In theory, the investment banker is an expert in their field or industry, who has a finger on the pulse of the current investing climate. Businesses and nonprofit institutions often turn to investment bankers for advice on how best to plan their development.
An investment banker also assists with pricing financial instruments and navigating regulatory requirements. When a company holds its initial public offering (IPO), an investment bank will buy all or much of that company’s shares directly, acting as an intermediary. In this case, acting on behalf of the company going public, the investment bank will subsequently sell the company’s shares into the public market, creating immediate liquidity.
An #investment bank stands to make a profit in this scenario, generally pricing its shares at a markup. In doing so, the investment bank takes on a substantial amount of risk. While experienced analysts at the investment bank use their expertise to price the stock accurately, an investment banker can lose money on the deal if they have overvalued the shares.
An Example of Investment Banking and an IPO
For example, suppose that Pete’s Paints Co., a chain supplying paints and other hardware, wants to go public. Pete, the owner, gets in touch with Katherine, a prominent investment banker. Pete and Katherine strike a deal in which Katherine (on behalf of her firm) agrees to buy 100,000 shares of Pete’s Paints for the company’s IPO at the price of $24 per share, based on her analyst team's recommendations. The investment #bank pays $2.4 million for the 100,000 shares.
After filing the appropriate paperwork, such as SEC Form S-1, and setting the IPO's date and time, Katherine and her team begin selling the stock into the open market at $26 per share. However, the investment bank cannot sell more than 20% of the shares at this price given weak demand and is forced to reduce the price to $23 to sell the rest of the holdings. This ultimately leads to a loss for Katherine and her team.
Required Skills for Investment Bankers
The investment banking field is popular because investment bankers are typically well paid. However, these positions require specific skills, such as excellent number-crunching abilities, strong verbal and written communication skills, and the capacity to work long and grueling hours.
Educational requirements usually include an MBA from a top-notch institution and potentially the chartered financial #analyst (CFA) designation.
Investment bankers must abide by their firm's stipulated code of conduct and typically sign a confidentiality agreement because of the sensitive nature of the information they receive. Moreover, there is potential for conflict of interest if the advisory and trading divisions of investment banks interact.
A hierarchy of positions typically exists in investment banking: (from junior to senior) analyst, associate, vice president, senior vice president, and then managing director.
📉Market Update: Exercise Caution 🚨💼
Dear Members,Current market conditions suggest a period of weakness. I recommend caution, especially with futures trades. Stay prepared for potential opportunities amid any downturn. We'll keep you posted on significant developments. Safe trading! 📊💡 #CryptoMarket #TradeWisely #analyst #trendingtoday
The number of daily transactions in #bitcoin network reached a historical #maximum
Bitcoin reached a figure almost equal to half a million!
The daily number of transactions on the Bitcoin blockchain reached a new all-time high, exceeding the mark of 426,000.
Colin Wu, a well-known #journalist and #analyst in the #cryptocurrency community, believes that the impressive growth in the number of transactions is primarily due to the rise in interest in Ordinals.
The protocol allows adding metadata to satoshi - small units of 0.00000001 BTC denomination - effectively creating an NFT marketplace within the largest cryptocurrency network by capitalization.
According to Grayscale analysts, the activity around Ordinals could be good for the BTC blockchain.
Bitcoin reached a figure almost equal to half a million!
The daily number of transactions on the Bitcoin blockchain reached a new all-time high, exceeding the mark of 426,000.
Colin Wu, a well-known #journalist and #analyst in the #cryptocurrency community, believes that the impressive growth in the number of transactions is primarily due to the rise in interest in Ordinals.
The protocol allows adding metadata to satoshi - small units of 0.00000001 BTC denomination - effectively creating an NFT marketplace within the largest cryptocurrency network by capitalization.
According to Grayscale analysts, the activity around Ordinals could be good for the BTC blockchain.
📊 Top Bitcoin Analyst Shows Three Signs of Impending XRP Price Breakout 🔍
Hey crypto traders and XRP enthusiasts! The Blockopedia here with some exciting news from the world of cryptocurrency. Top Bitcoin analyst Tony "The Bull" has shared a bullish outlook on XRP, and we’ve got the key points from his analysis. Let’s dive into what’s signaling a potential XRP price breakout.
🚀 Bullish Signals from Bollinger Bands
Tony’s analysis revolves around the Bollinger Bands indicators on the XRP monthly chart, revealing three major signals:
Bollinger Band’s Width (BBW): Currently at its second tightest ever, suggesting reduced market volatility and a potential buildup for a price surge.
Bollinger %B Above 0.5: This indicator points to bullish price action, with the current value at 0.91, crossing above 0.5 for the first time since November 2020.
Price near the Upper Bollinger Band: XRP’s recent poke above this band is seen as a breakout buy signal. 🌟
📈 Historical Context and Market Sentiment
Looking back, similar BBW levels have historically led to significant price rallies. For instance, in October 2020, a low BBW was followed by XRP's rally to $1.96 in April 2021. The current chart patterns and historical data suggest a similar potential uptrend could be on the horizon for XRP. 📆
💡 What Does This Mean for XRP Investors?
For those invested in XRP or considering it, these indicators provide compelling reasons for optimism. However, as with any investment, especially in the volatile crypto market, it’s essential to approach with caution and conduct thorough research.
In conclusion, the Bollinger Bands analysis by Tony "The Bull" paints a bullish scenario for XRP in the near future. Whether you’re an active trader or a casual observer, these developments are worth watching closely.
👀 Stay tuned to The Blockopedia for more insights and timely updates on cryptocurrency trends and analysis! 💼🔥
#BTC #analyst #crypto #cryptocurrency #crypto2023
Hey crypto traders and XRP enthusiasts! The Blockopedia here with some exciting news from the world of cryptocurrency. Top Bitcoin analyst Tony "The Bull" has shared a bullish outlook on XRP, and we’ve got the key points from his analysis. Let’s dive into what’s signaling a potential XRP price breakout.
🚀 Bullish Signals from Bollinger Bands
Tony’s analysis revolves around the Bollinger Bands indicators on the XRP monthly chart, revealing three major signals:
Bollinger Band’s Width (BBW): Currently at its second tightest ever, suggesting reduced market volatility and a potential buildup for a price surge.
Bollinger %B Above 0.5: This indicator points to bullish price action, with the current value at 0.91, crossing above 0.5 for the first time since November 2020.
Price near the Upper Bollinger Band: XRP’s recent poke above this band is seen as a breakout buy signal. 🌟
📈 Historical Context and Market Sentiment
Looking back, similar BBW levels have historically led to significant price rallies. For instance, in October 2020, a low BBW was followed by XRP's rally to $1.96 in April 2021. The current chart patterns and historical data suggest a similar potential uptrend could be on the horizon for XRP. 📆
💡 What Does This Mean for XRP Investors?
For those invested in XRP or considering it, these indicators provide compelling reasons for optimism. However, as with any investment, especially in the volatile crypto market, it’s essential to approach with caution and conduct thorough research.
In conclusion, the Bollinger Bands analysis by Tony "The Bull" paints a bullish scenario for XRP in the near future. Whether you’re an active trader or a casual observer, these developments are worth watching closely.
👀 Stay tuned to The Blockopedia for more insights and timely updates on cryptocurrency trends and analysis! 💼🔥
#BTC #analyst #crypto #cryptocurrency #crypto2023
#Write2Earn 🌖 Technical Evaluation of Terra Crypto Price in 1-D Timeframe
At the time of publishing, the Terra crypto (USD: Luna) is trading below the 50 and 200-day EMAs (exponential moving averages), which do not support the price trend.
The current value of RSI is 37.68 points. The 14 SMA is above the median line at 36.00 points, which indicates that the Terra crypto is bearish.
The MACD line at -0.00000876 and the signal line at -0.00000943 are above the zero line. A bearish crossover is observed in the #MACD indicator, which signals more bearishness for the Luna crypto price.
As per the technical summary, the $LUNA crypto is indicating a sell signal as out of 26 analysts, 13 are on the sell side, 10 are on the neutral side, and 3 are on the buying side. However, the maximum weightage is on the sell side. The technical summary indicates that sellers are overpowering the trend and most of the #analyst are on the bear’s side and supporting the negative perspective.#TrendingTopic #BTC
At the time of publishing, the Terra crypto (USD: Luna) is trading below the 50 and 200-day EMAs (exponential moving averages), which do not support the price trend.
The current value of RSI is 37.68 points. The 14 SMA is above the median line at 36.00 points, which indicates that the Terra crypto is bearish.
The MACD line at -0.00000876 and the signal line at -0.00000943 are above the zero line. A bearish crossover is observed in the #MACD indicator, which signals more bearishness for the Luna crypto price.
As per the technical summary, the $LUNA crypto is indicating a sell signal as out of 26 analysts, 13 are on the sell side, 10 are on the neutral side, and 3 are on the buying side. However, the maximum weightage is on the sell side. The technical summary indicates that sellers are overpowering the trend and most of the #analyst are on the bear’s side and supporting the negative perspective.#TrendingTopic #BTC
$CTXC Market Analysis
On H4 timeframe level the price action of $CTXC formed out Descending Triangle pattern level where the price action after breaking out the resistance trendline pumped up towards its previous Buy Side Liquidity level marked at $0.4181 level
As the price action is an uptrend level we can see the further upward move if the price action do not break this level .
#BTC #ETH #etf #ANALYSIS #analyst
On H4 timeframe level the price action of $CTXC formed out Descending Triangle pattern level where the price action after breaking out the resistance trendline pumped up towards its previous Buy Side Liquidity level marked at $0.4181 level
As the price action is an uptrend level we can see the further upward move if the price action do not break this level .
#BTC #ETH #etf #ANALYSIS #analyst
#bitcoinhalving
Dogecoin may skyrocket to $1 in the coming weeks!
Crypto #analyst Ali on #Twitter predicts that #Dogecoin will once again show its classic ⬆️ growth pattern. He notes that DOGE is currently consolidating after breaking out of the descending 📐triangle.
Well, according to him, based on past trends, we could see $DOGE jump to 🚀 $1 in the coming weeks!
#Token2049
Dogecoin may skyrocket to $1 in the coming weeks!
Crypto #analyst Ali on #Twitter predicts that #Dogecoin will once again show its classic ⬆️ growth pattern. He notes that DOGE is currently consolidating after breaking out of the descending 📐triangle.
Well, according to him, based on past trends, we could see $DOGE jump to 🚀 $1 in the coming weeks!
#Token2049
🔥🔥🔥 #analyst Predicts Rallies for #solana , #Chainlink , #Polygon and Two Additional Altcoins – Here Are His Targets
A well-known crypto strategist is forecasting bullish trajectories for several altcoins, including Solana ($SOL ), Chainlink ($LINK ), Polygon ($MATIC ), and Arbitrum (ARB).
Solana (SOL), the native asset of the smart contract platform, is anticipated to resume an upward trend, with analyst Michaël van de Poppe suggesting a move towards $140. SOL recently bounced from its low of around $79 and is currently trading at $101, reflecting a 6% increase in the past day.
For Chainlink (LINK), the decentralized oracle's native asset, Van de Poppe sees potential for an upward move to $25, considering its ability to hold crucial support levels. LINK is currently valued at $15.83, reflecting a more than 2% increase in the last 24 hours.
Van de Poppe also turns his attention to Polygon (MATIC), the native asset of the blockchain scaling solution. Despite recent underperformance, the analyst expects MATIC to make another upward push, potentially reaching the $1.25-$1.50 region, representing an 85% increase from current levels. At present, MATIC is trading at $0.817.
Arbitrum (ARB), an Ethereum (ETH) scaling solution, is also on the radar. Van de Poppe suggests that ARB is poised for a significant surge after holding the $1.60 level as support. The analyst sees potential for ARB to reach $3-$4, emphasizing its attractiveness in the Layer 2 scaling solutions space. Currently, ARB is valued at $1.86.
Finally, the native asset of the interoperable blockchain Polkadot (DOT) is highlighted by Van de Poppe. Despite a recent pullback, the analyst believes DOT could trigger a rally of over 100%. Currently, DOT is valued at $6.83.
Investors should note that cryptocurrency markets are highly volatile, and price predictions are subject to rapid changes based on market dynamics.
Source - dailyhodl.com
#cryptocurrency
A well-known crypto strategist is forecasting bullish trajectories for several altcoins, including Solana ($SOL ), Chainlink ($LINK ), Polygon ($MATIC ), and Arbitrum (ARB).
Solana (SOL), the native asset of the smart contract platform, is anticipated to resume an upward trend, with analyst Michaël van de Poppe suggesting a move towards $140. SOL recently bounced from its low of around $79 and is currently trading at $101, reflecting a 6% increase in the past day.
For Chainlink (LINK), the decentralized oracle's native asset, Van de Poppe sees potential for an upward move to $25, considering its ability to hold crucial support levels. LINK is currently valued at $15.83, reflecting a more than 2% increase in the last 24 hours.
Van de Poppe also turns his attention to Polygon (MATIC), the native asset of the blockchain scaling solution. Despite recent underperformance, the analyst expects MATIC to make another upward push, potentially reaching the $1.25-$1.50 region, representing an 85% increase from current levels. At present, MATIC is trading at $0.817.
Arbitrum (ARB), an Ethereum (ETH) scaling solution, is also on the radar. Van de Poppe suggests that ARB is poised for a significant surge after holding the $1.60 level as support. The analyst sees potential for ARB to reach $3-$4, emphasizing its attractiveness in the Layer 2 scaling solutions space. Currently, ARB is valued at $1.86.
Finally, the native asset of the interoperable blockchain Polkadot (DOT) is highlighted by Van de Poppe. Despite a recent pullback, the analyst believes DOT could trigger a rally of over 100%. Currently, DOT is valued at $6.83.
Investors should note that cryptocurrency markets are highly volatile, and price predictions are subject to rapid changes based on market dynamics.
Source - dailyhodl.com
#cryptocurrency
VIP MARKET UPDATE: $ADA
It is currently breaking out of a descending triangle pattern on the 1-day timeframe. Confirmation for a sustained upward trend will be provided by either a weekly candle close above the triangle or a successful retest above its boundaries.
Such developments would signal a potential continuation of the upward movement.
#Ada #ADA/USDT #ANALYSIS #analyst #News
It is currently breaking out of a descending triangle pattern on the 1-day timeframe. Confirmation for a sustained upward trend will be provided by either a weekly candle close above the triangle or a successful retest above its boundaries.
Such developments would signal a potential continuation of the upward movement.
#Ada #ADA/USDT #ANALYSIS #analyst #News
The Importance of Market Analysis in Digital Currency Trading analysis plays a crucial role in digital currency trading, also known as cryptocurrency trading. Understanding the significance of market analysis is essential for successful trading in the digital currency space. Here's why it's important:
1. Price Volatility: Cryptocurrency markets are highly volatile. Prices can experience significant fluctuations within short timeframes. Market analysis helps traders anticipate and react to these price movements effectively.
2. Informed Decision-Making: By analyzing the market, traders can make well-informed decisions about when to buy or sell digital currencies. They rely on various analysis methods to identify entry and exit points.
3. Risk Management: Market analysis is an integral part of risk management. It allows traders to assess potential risks and rewards before entering a trade. Effective risk management is crucial to protect capital and minimize losses.
4. Identifying Trends: Market analysis helps traders identify trends, whether they are short-term or long-term. Recognizing trends can lead to profitable trading strategies, as traders can follow the direction of the market.
5. Fundamental Analysis: Traders use fundamental analysis to evaluate the underlying factors affecting a digital currency's value, such as technology developments, adoption, and market sentiment. Understanding these fundamentals can influence trading decisions.
6. Adapting to Market Conditions: Market analysis enables traders to adapt to changing market conditions. Whether the market is bullish, bearish, or ranging, traders can adjust their strategies accordingly.
7. Entry and Exit Strategies: Market analysis helps traders develop effective entry and exit strategies. It allows them to set stop-loss and take-profit orders, ensuring they have predefined exit points to lock in profits or limit losses.
#BTC #Analytics #analyst #cryptoanalysis
1. Price Volatility: Cryptocurrency markets are highly volatile. Prices can experience significant fluctuations within short timeframes. Market analysis helps traders anticipate and react to these price movements effectively.
2. Informed Decision-Making: By analyzing the market, traders can make well-informed decisions about when to buy or sell digital currencies. They rely on various analysis methods to identify entry and exit points.
3. Risk Management: Market analysis is an integral part of risk management. It allows traders to assess potential risks and rewards before entering a trade. Effective risk management is crucial to protect capital and minimize losses.
4. Identifying Trends: Market analysis helps traders identify trends, whether they are short-term or long-term. Recognizing trends can lead to profitable trading strategies, as traders can follow the direction of the market.
5. Fundamental Analysis: Traders use fundamental analysis to evaluate the underlying factors affecting a digital currency's value, such as technology developments, adoption, and market sentiment. Understanding these fundamentals can influence trading decisions.
6. Adapting to Market Conditions: Market analysis enables traders to adapt to changing market conditions. Whether the market is bullish, bearish, or ranging, traders can adjust their strategies accordingly.
7. Entry and Exit Strategies: Market analysis helps traders develop effective entry and exit strategies. It allows them to set stop-loss and take-profit orders, ensuring they have predefined exit points to lock in profits or limit losses.
#BTC #Analytics #analyst #cryptoanalysis
$ARKM analysis:
Price has been rejected from the resistance area and is currently retesting it. A break above this resistance area could lead to a significant rally.
Support Area: $0.323-$0.34
Resistance Area: $0.438-$0.452
#ARKM/USDT #ARKMUSDT #ARKM #ANALYSIS #analyst
Price has been rejected from the resistance area and is currently retesting it. A break above this resistance area could lead to a significant rally.
Support Area: $0.323-$0.34
Resistance Area: $0.438-$0.452
#ARKM/USDT #ARKMUSDT #ARKM #ANALYSIS #analyst
