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Can Ethereum Classic’s Golden Cross take ETC’s price to $40? ETC hit its highest price in over six months. It has continued to trend upward after hitting a critical price level. Ethereum Classic [ETC] is gaining attention after achieving a “Golden Cross,” a widely recognized bullish technical indicator. This milestone is often seen as a precursor to strong upward momentum. With ETC’s price momentum heating up, traders and analysts alike are debating whether this marks the start of a sustained rally or a temporary peak before a pullback. Examining the Golden Cross and technical indicatorsEthereum Classic’s price surged to $33.20, at the time of writing, supported by growing bullish sentiment. The chart reflected strong momentum, as seen in the Bollinger Bands, which indicated expanding volatility to the upside. Meanwhile, the RSI stood at 70.45, signaling that the asset may enter the overbought territory. A cooling-off phase could occur unless buying pressure sustains the rally. The MACD showed a consistent upward trajectory, with the histogram maintaining green bars, indicating continued bullish momentum. However, the MACD’s position near its peak suggested that traders should watch for weakening momentum in the near term. Social sentiment and network activity A sharp increase in Ethereum Classic’s social volume highlights a growing interest in the asset. Santiment’s analysis shows a spike in ETC’s social volume in November. Despite a recent slight decline, it remains higher than in other months. Historically, spikes in social chatter correlate with increased trading activity. The current trend points to a strong interest from both retail and institutional investors. On-chain metrics reveal more details. Recent spikes in transaction volume and active addresses indicate increased network participation, supporting the idea that fundamental activity is driving the rally. However, sustaining these levels will be crucial for ETC’s long-term growth prospects. #Ethereum #ETH #BTC #cryptomarket #CryptoNews
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Can Ethereum Classic’s Golden Cross take ETC’s price to $40?
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Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends Uniswap (UNI) is gaining impressive momentum, reigniting hopes for a continued bullish run. As the token powers up, its next target could be the $16.9 mark, a critical level that could set the stage for even greater gains. With momentum building, the question is whether UNI can break through this resistance and push toward new heights. The aim of this article is to analyze Uniswap’s recent surge, focusing on its potential to break through the key $16.9 resistance level. This analysis will determine if UNI is poised for further gains or challenges in breaking through this critical price point by examining the factors driving UNI’s rally, including technical indicators and market sentiment. Examining UNI’s Recent Momentum Surge On the 4-hour chart, UNI is showing strong bullish strength, attempting to break out of its consolidation zone. Trading above the 100-day Simple Moving Average (SMA), the token is targeting the key $16.9 resistance level, signaling the potential for additional upward movement if it maintains its position above the SMA. An examination of the 4-hour Relative Strength Index (RSI) shows that the RSI has climbed back above the 61% threshold after experiencing a decline to 56% signaling a resurgence in buying pressure, reflecting renewed bullish movement in the market. A persistent climb would indicate strong overbought conditions, suggesting robust demand and the possibility of more price growth. Also, the daily chart showcases UNI’s robust upward momentum, highlighted by the formation of a positive candlestick pattern as the price rebounds, indicating the potential for further gains. Its position above the SMA solidifies the positive trend, signaling consistent strength. As UNI continues its ascent, it inspires growing market confidence and paves the way for an extended increase. #Uniswap #UNI #Altcoins #memecoins #CryptoNews
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Uniswap Bulls Set Sights On $16.9 Resistance As Uptrend Extends
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Surging CMF Suggests SEI Crypto Worth $5M Could be Liquidated Soon At $0.68 SEI crypto chart showed a promising outlook as it appeared primed for further upward movement after a period of consolidation. Trading at $0.6724, SEI demonstrated substantial resilience and buying interest, as indicated by the Chaikin Money Flow (CMF) index, which remained in positive territory above the zero line. This suggested a strong inflow of money into the asset, which is a bullish signal. After a recent rally that took the price from a low of around $0.30 to a high near $0.75, SEI has found interim support at the $0.67 level. The price action has formed a series of higher lows, which aligns with the ascending trendline visible from early November. This pattern supports the bullish sentiment currently seen in the market. Looking ahead, the next significant resistance was positioned at $0.7555, a level that previously acted as both support and resistance throughout the year. A break above this could potentially propel SEI crypto towards the $1.00 psychological mark, a level not tested since early 2024. On the downside, should SEI fail to hold the ascending trendline support, the next substantial support zone lies around the $0.50 region, where previous market structure break (MSB) points may offer some buoyancy. Investors and traders will be closely watching the CMF for any signs of decreasing momentum which could indicate a shift in market sentiment. However, as long as the CMF continued to show more capital entering than leaving, the outlook for SEI remained bullish, suggesting the potential for continued price appreciation as long as the broader market conditions remain favorable. SEI/USDT Liquidation Risk The liquidation heatmap of SEI revealed a critical juncture where price levels were closely watched by traders, especially in the $0.679 to $0.687 zone. At these levels, the chart showed a considerable buildup of liquidation risks amounting to over $5 Million. #SEI #Altcoins #cryptomarket #bitcoin100k #CryptoNews
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