More than 700K new addresses created for $BTC over the past

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More than 700K new addresses created for $BTC over the past few days! Could this lead to a #rally for #BTC ?

More than 700K new addresses created for $BTC over the past few days! Could this lead to a #rally  for #BTC  ?

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Steven Walgenbach

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XRP Price Struggles Under Key EMAs as Selling Pressure Mounts The #XRP price presents a nuanced picture of its current and potential movements within the digital currency market. Over the recent sessions, the closing prices of XRP have been mostly below the 9 Exponential Moving Average (EMA) and the 20 EMA, suggesting a bearish outlook in the short term. The closing prices have consistently trended below the 9 EMA, which currently reads from $0.5286 down to $0.5264, and also below the 20 EMA that has decreased from $0.5317 to $0.5295. This persistent position under the EMAs indicates a resistance against upward movement, signaling that bears are controlling the market tempo. The Moving Average Convergence Divergence (MACD) values further reinforce this bearish sentiment. The MACD line has remained below the signal line over the period, with histogram values deepening from -0.0028 to -0.0017. This suggests that the bearish momentum is not only present but also strengthening. The Relative Strength Index (RSI), another critical indicator, shows values hovering around the mid-line (ranging from 44.52 to 47.77), which typically indicates a lack of strong momentum either way. However, the recent trend towards the lower end of the 50-mark could be pointing towards increasing selling pressure. Key levels to watch include: - Resistance Levels at $0.5272, $0.5304, and $0.5315. The $0.5304 and $0.5315 levels align closely with the 20 EMA, adding an extra layer of resistance. - Support Levels at $0.523, $0.521, and $0.5199. These levels are crucial if the price begins to break lower, as they could either provide a rebound or, if broken, signal a steeper decline. $XRP #TrendingPredictions #BullorBear

ENA Price Eyes Bullish Reversal Amidst Tentative Market Recovery The $ENA price has shown notable movements in recent trading sessions on the 4-hour chart, with closing prices oscillating from a high of $0.871 to a low of $0.836 before stabilizing around $0.851. This range-bound movement underlines a cautious market sentiment, as traders and investors assess the next directional move. Analyzing the exponential moving averages (EMAs), the 9 EMA has declined from $0.889 to $0.864, staying consistently below the 20 EMA, which has softened from $0.926 to $0.900. The current positioning of the 9 EMA below the 20 EMA typically signals a bearish trend, suggesting that the downward pressure might continue if the price fails to break above these averages. Further insights are provided by the Moving Average Convergence Divergence (MACD) indicator. The MACD line has remained below the signal line throughout the observed period, reinforcing the bearish outlook with negative histograms that have somewhat narrowed in the latest data points. This indicates a possible reduction in downward momentum, yet it is too early to call for a reversal. The Relative Strength Index (RSI) underscores the prevailing market weakness, hovering below the mid-line at 50 and mostly residing in the 30s range. However, a slight uptick towards 36.719 in the latest reading suggests a mild recovery in buying interest, though caution remains as the RSI still indicates an overall bearish sentiment. Looking at potential movements, the #ENA price faces immediate resistance at the $0.901 level. A decisive break above this could open the path towards more substantial resistance levels at $1.019 and eventually $1.105. Conversely, the support at $0.846, closely followed by $0.842, serves as crucial levels for bears. If the price breaks below this support, it could trigger further sell-offs. #Ethena #BullorBear #TrendingPredictions

Pepe Price Prediction: PEPE Aiming for New Highs Amid Stabilizing Trends In recent trading sessions, the $PEPE price has exhibited notable price movements on its 4-hour chart, prompting keen interest from cryptocurrency traders. The closing prices of the asset have seen fluctuations. The 9 Exponential Moving Average (EMA) has been oscillating around the closing prices, indicating slight shifts in short-term momentum. Conversely, the 20 EMA has shown a gradual uptrend, moving from $0.00000727 to $0.00000738, suggesting a stabilizing effect over the longer term. The Moving Average Convergence Divergence (MACD) values reveal subtle nuances in the price momentum. Recent MACD readings display a slight decline in momentum with the MACD line marginally below the signal line in the latest data points, indicating bearish undercurrents. The Relative Strength Index (RSI) has been moderate, with recent values around 62.70, 61.86, 54.23, 55.88, and 58.80. These figures suggest that the asset is neither overbought nor oversold, providing a balanced view for potential investors. Currently, #PEPE is trading near a crucial resistance level at $0.00000782. A breakout above this level could test the next resistance at $0.00000798. On the downside, support levels are clearly marked at $0.00000750 and $0.00000740. A breach below these supports might intensify selling pressure. #Memecoins #BullorBear #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.

FLOKI Price Eyes Breakout: Bullish EMA Crossover Signals Potential Rally Amid Mixed Market Signals Recent trading sessions have seen the $FLOKI price exhibit a mix of fluctuations and potential bullish undertones as per the latest data from the 4-hour chart. The cryptocurrency has had closing prices ranging from $0.00018248 to $0.00019484, with a notable surge in the last period analyzed. The Exponential Moving Averages (EMA) on the chart provide significant insights. The 9 EMA, with values from $0.00018626 to $0.00018798, recently rose above the 20 EMA, which escalated from $0.00018239 to $0.00018378. This crossover is typically a bullish signal, suggesting potential upward momentum as the shorter-term average moves above the longer-term average. Conversely, the Moving Average Convergence Divergence (MACD) presents a slightly bearish signal. The MACD values remain below the signal line, indicating bearish momentum could be in play. The histogram values, which measure the gap between the MACD and its signal line, have been negative but show signs of narrowing, suggesting a possible decrease in bearish momentum. The Relative Strength Index (RSI) readings oscillate between 53.19 and 61.96. The latest RSI at 61.96 points towards increasing buying pressure and is nearing the threshold of 70, which often suggests overbought conditions. Looking at the key resistance and support levels, #FLOKI is approaching a significant resistance at $0.0001949. Should the bullish indicators prevail, breaking this resistance could open the way towards the next hurdles at $0.00019998 and $0.00020246. Conversely, support levels at $0.00019188 and $0.00019125 will be critical to watch if the price retreats. A further drop could see the price testing deeper support at $0.0001862. #BullorBear #Memecoins #TrendingPredictions The full analysis and trade strategy were originally posted on ecoinimist.com.

Solana Price Prediction: Bearish Indicators Suggest Further Downside as SOL Struggles Below Key EMAs The Solana price has shown some interesting trends on the 4-hour chart, which could offer potential trading insights. Over the recent sessions, the crypto has registered a descending pattern, with the latest closing prices reflecting a gentle decline from $147.78 down to $145.77. This is coupled with technical indicators that hint at a bearish undertone in the market. The price movement of #SOL has been consistently below both the 9 Exponential Moving Average (EMA) and the 20 EMA. The 9 EMA values have trended downwards from $153.07 to $148.70, while the 20 EMA has also seen a decrease from $152.76 to $150.43. This alignment below the EMAs typically indicates a bearish market condition, suggesting that the bears are in control, pushing prices lower. The Moving Average Convergence Divergence (MACD) indicator further substantiates this bearish sentiment. The MACD values have been decreasing, with the latest reading at -0.74, significantly below its signal line at 0.88. The negative histogram values, deepening over the last sessions, are a clear signal of increasing bearish momentum. The Relative Strength Index (RSI), another pivotal indicator, has hovered around the 40 mark, which leans towards bearish territory but not yet oversold. This indicates that there could still be room for further downward movement before any potential reversal if the market sentiment does not shift. Looking at potential movements, the price of $SOL faces immediate resistance at $146.19, followed by higher levels at $148.27 and $148.98. Should the price initiate an upward reversal, these levels could act as significant barriers. On the downside, support is found at $141.55, with a further downside cushion at $133.73, which could be appealing for those considering short positions. #BullorBear #TrendingPredictions The full analysis and trade strategy was originally posted on ecoinimist.com.

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