LIVEVladislav Hryniv
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👀 $FLOKI : After 80% gains, is the memecoin’s bull run about to end? - AMBCrypto Analytics
AMBCrypto’s analysis of Santiument’s data revealed that despite the recent price correction, its weighted sentiment remained high. This clearly meant that bullish sentiment around it was dominant in the market.
Additionally, its social volume also increased, reflecting its popularity.
It was interesting to note that most of the other on-chain metrics also looked pretty bullish on the memecoin, as they hinted at a trend reversal. For instance, its MVRV ratio remained in the positive zone.
Its NVT ratio also dipped sharply.
A drop in the metric means that an asset is undervalued, indicating a possible price rise in the coming days.
Moreover, the memecoin’s network growth also increased last week, indicating that more new addresses were created to transfer the token.
AMBCrypto’s analysis of the memecoin’s daily chart revealed that its MACD displayed a bullish upperhand in the market.
According to the Bollinger Bands, FLOKI’s price was testing well above its 20-day Simple Moving Average (SMA). However, the Chaikin Money Flow (CMF) turned bearish as it moved southward.
If the memecoin continues to shed its value over the coming days, then investors might witness it drop to $0.00025. This seemed to be the case, as liquidation would rise sharply at that level.
On the other hand, if FLOKI turns bullish, then its price might touch $0.00036 soon.
AMBCrypto’s analysis of Santiument’s data revealed that despite the recent price correction, its weighted sentiment remained high. This clearly meant that bullish sentiment around it was dominant in the market.
Additionally, its social volume also increased, reflecting its popularity.
It was interesting to note that most of the other on-chain metrics also looked pretty bullish on the memecoin, as they hinted at a trend reversal. For instance, its MVRV ratio remained in the positive zone.
Its NVT ratio also dipped sharply.
A drop in the metric means that an asset is undervalued, indicating a possible price rise in the coming days.
Moreover, the memecoin’s network growth also increased last week, indicating that more new addresses were created to transfer the token.
AMBCrypto’s analysis of the memecoin’s daily chart revealed that its MACD displayed a bullish upperhand in the market.
According to the Bollinger Bands, FLOKI’s price was testing well above its 20-day Simple Moving Average (SMA). However, the Chaikin Money Flow (CMF) turned bearish as it moved southward.
If the memecoin continues to shed its value over the coming days, then investors might witness it drop to $0.00025. This seemed to be the case, as liquidation would rise sharply at that level.
On the other hand, if FLOKI turns bullish, then its price might touch $0.00036 soon.
💥 $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.
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.
🚀 $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.
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.
💵 $PEPE Price Forecast: On The Cusp Of 35% Action To $0.00002 - CoinGape Analytics
The four-hour chart reveals an ascending triangle pattern, which is validated can lead to a 15% move in the price of Pepe. This triangle has been forming as the token consolidate in the wake of the rally to the record high.
An ascending trend line affirms the strengthening bullish grip while the horizontal line or x-axis represents the resistance. Bulls have tried to break through this hurdle with no success.
Nonetheless, the triangle is still valid as long as the price is within its boundaries. Traders would be ready with buy orders slightly above the x-axis. Such a breakout should be accompanied by high volume. The 15% move will propel PEPE price to $0.0000178 and possibly create FOMO among investors wishing to jump onto the trend. This triangle can be the beginning of a larger rally above $0.00002.
Conversely, immense selling pressure could engulf Pepe if the ascending trend line weakens, paving the way to a breakdown. Two levels; $0.000014 and $0.000013 will come in handy and may stop the fall, but traders cannot rule out an extended move to $0.00001 just yet.
The four-hour chart reveals an ascending triangle pattern, which is validated can lead to a 15% move in the price of Pepe. This triangle has been forming as the token consolidate in the wake of the rally to the record high.
An ascending trend line affirms the strengthening bullish grip while the horizontal line or x-axis represents the resistance. Bulls have tried to break through this hurdle with no success.
Nonetheless, the triangle is still valid as long as the price is within its boundaries. Traders would be ready with buy orders slightly above the x-axis. Such a breakout should be accompanied by high volume. The 15% move will propel PEPE price to $0.0000178 and possibly create FOMO among investors wishing to jump onto the trend. This triangle can be the beginning of a larger rally above $0.00002.
Conversely, immense selling pressure could engulf Pepe if the ascending trend line weakens, paving the way to a breakdown. Two levels; $0.000014 and $0.000013 will come in handy and may stop the fall, but traders cannot rule out an extended move to $0.00001 just yet.
🔥 $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.
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.
👀 $BTC on Verge of Hitting $71,000 - U.Today Analytics
Bitcoin has finally broken through $70,000, setting itself up for further growth. As we can see, there is a good chance it will succeed at it, as the price is moving closer to $71,000 and trading volumes remain elevated. This bullish momentum is easily visible on the daily chart of Bitcoin versus the U.S. dollar (BTC/USD).
Bitcoin is currently trading at:
- $70.976 on OKX
- $70.996 on WhiteBIT
- $70.986 on Coinbase
A major turning point was reached recently when the market broke above $70,000, indicating fresh interest and optimism. This optimistic view is supported by several important technical indicators.
The 50-day and 200-day moving averages in particular are positioned in a way that indicates sustained upward momentum. A traditional bullish signal known as a golden cross formed when the 50-day moving average crossed above the 200-day moving average.
Volume analysis supports this optimistic scenario even more. The recent price surge is accompanied by elevated trading volumes, indicating strong market participation and interest at these price points. Maintaining the present upward trend and possibly pushing Bitcoin above $71,000 require this volume support. Furthermore, Bitcoin remains a favorable investment option given the current macroeconomic climate. Bitcoin's allure as a store of value and safeguard against the devaluation of fiat currencies is still great in light of persistent worries about economic stability.
Bitcoin has finally broken through $70,000, setting itself up for further growth. As we can see, there is a good chance it will succeed at it, as the price is moving closer to $71,000 and trading volumes remain elevated. This bullish momentum is easily visible on the daily chart of Bitcoin versus the U.S. dollar (BTC/USD).
Bitcoin is currently trading at:
- $70.976 on OKX
- $70.996 on WhiteBIT
- $70.986 on Coinbase
A major turning point was reached recently when the market broke above $70,000, indicating fresh interest and optimism. This optimistic view is supported by several important technical indicators.
The 50-day and 200-day moving averages in particular are positioned in a way that indicates sustained upward momentum. A traditional bullish signal known as a golden cross formed when the 50-day moving average crossed above the 200-day moving average.
Volume analysis supports this optimistic scenario even more. The recent price surge is accompanied by elevated trading volumes, indicating strong market participation and interest at these price points. Maintaining the present upward trend and possibly pushing Bitcoin above $71,000 require this volume support. Furthermore, Bitcoin remains a favorable investment option given the current macroeconomic climate. Bitcoin's allure as a store of value and safeguard against the devaluation of fiat currencies is still great in light of persistent worries about economic stability.
💥 $NEAR , $RNDR , $TAO Prices Jump: AI tokens on the Move? - AMBCrypto Analytics
An assessment of the tokens’ key momentum indicators, which track buying and selling activity, revealed that their price increase has not been backed by any real demand from market participants.
It merely mirrors the uptick in the general cryptocurrency market in the past 24 hours.
For example, NEAR’s Relative Strength Index (RSI) was 52.29, while its Money Flow Index (MFI) was 26.96.
A combined reading of the values of the two momentum indicators showed that while market sentiment remains predominantly neutral, there has been a considerable outflow of money from the NEAR market.
This hints at the possibility of the altcoin shedding its most recent gains as selling pressure gains traction.
Regarding RNDR, its Chaikin Money Flow (CMF) was spotted below the zero line at the time of writing. This indicator gauges the flow of money into and out of an asset’s market.
When it returns a value below zero, it signals market weakness. It suggests a spike in selling pressure, marked by capital flight, and an indication of a potential price decline. As of this writing, RNDR’s CMF was -0.05.
RNDR’s Aroon Up Line (orange) was 0%, confirming the current uptrend’s weakness. An asset’s Aroon Indicator measures its trend strength and potential price reversal points.
When the Aroon Up Line is close to zero, any market uptrend is deemed weak, and the most recent high was reached a long time ago.
TAO’s performance is no different, as its price currently trades close to its 20-day exponential moving average (EMA).
When an asset’s price trades close to this key moving average, the market consolidates as the price lingers within a range.
This was confirmed by TAO’s declining Average True Range (ATR). This indicator measures market volatility.
An assessment of the tokens’ key momentum indicators, which track buying and selling activity, revealed that their price increase has not been backed by any real demand from market participants.
It merely mirrors the uptick in the general cryptocurrency market in the past 24 hours.
For example, NEAR’s Relative Strength Index (RSI) was 52.29, while its Money Flow Index (MFI) was 26.96.
A combined reading of the values of the two momentum indicators showed that while market sentiment remains predominantly neutral, there has been a considerable outflow of money from the NEAR market.
This hints at the possibility of the altcoin shedding its most recent gains as selling pressure gains traction.
Regarding RNDR, its Chaikin Money Flow (CMF) was spotted below the zero line at the time of writing. This indicator gauges the flow of money into and out of an asset’s market.
When it returns a value below zero, it signals market weakness. It suggests a spike in selling pressure, marked by capital flight, and an indication of a potential price decline. As of this writing, RNDR’s CMF was -0.05.
RNDR’s Aroon Up Line (orange) was 0%, confirming the current uptrend’s weakness. An asset’s Aroon Indicator measures its trend strength and potential price reversal points.
When the Aroon Up Line is close to zero, any market uptrend is deemed weak, and the most recent high was reached a long time ago.
TAO’s performance is no different, as its price currently trades close to its 20-day exponential moving average (EMA).
When an asset’s price trades close to this key moving average, the market consolidates as the price lingers within a range.
This was confirmed by TAO’s declining Average True Range (ATR). This indicator measures market volatility.
🚀 $FLOKI Price Could Face Correction After Hitting All-Time High - BeinCrypto Analytics
The market capitalization is hovering around $3.1 billion. Given its significance as an important psychological threshold, the next resistance zone could potentially be at $4 billion.
Interestingly, amidst this surge, the price has found considerable support at key exponential moving averages, particularly in the 1-hour and 4-hour timeframes. This underscores the resilience of Floki’s upward trajectory.
During the uptrend, the EMA 50 and 100 played crucial roles as support levels. These levels play a crucial role as support and resistance points.
The volume profile highlights significant support and resistance ranges, with the 4-hour profile currently indicating a weak resistance zone at current prices. A potential correction might bring the price back to around $0.00028 before resuming its upward trend towards new all-time highs.
Observing the volume profile, it becomes evident that our present prices are associated with a notably weak resistance zone. This suggests the market has struggled to maintain higher prices in this area, indicating a potential barrier to upward movement.
Considering this, it’s reasonable to anticipate a corrective movement in the price. A likely target for this correction could be around the $0.00028 level. This would allow the market to readjust before potentially resuming its upward trajectory.
It’s important to note that corrections are a natural part of market movements and often serve to establish healthier price dynamics. Therefore, a pullback to the $0.00028 level shouldn’t necessarily be interpreted as a negative development. Instead, it could pave the way for a more sustainable uptrend, potentially leading to new all-time highs in the future.
The market capitalization is hovering around $3.1 billion. Given its significance as an important psychological threshold, the next resistance zone could potentially be at $4 billion.
Interestingly, amidst this surge, the price has found considerable support at key exponential moving averages, particularly in the 1-hour and 4-hour timeframes. This underscores the resilience of Floki’s upward trajectory.
During the uptrend, the EMA 50 and 100 played crucial roles as support levels. These levels play a crucial role as support and resistance points.
The volume profile highlights significant support and resistance ranges, with the 4-hour profile currently indicating a weak resistance zone at current prices. A potential correction might bring the price back to around $0.00028 before resuming its upward trend towards new all-time highs.
Observing the volume profile, it becomes evident that our present prices are associated with a notably weak resistance zone. This suggests the market has struggled to maintain higher prices in this area, indicating a potential barrier to upward movement.
Considering this, it’s reasonable to anticipate a corrective movement in the price. A likely target for this correction could be around the $0.00028 level. This would allow the market to readjust before potentially resuming its upward trajectory.
It’s important to note that corrections are a natural part of market movements and often serve to establish healthier price dynamics. Therefore, a pullback to the $0.00028 level shouldn’t necessarily be interpreted as a negative development. Instead, it could pave the way for a more sustainable uptrend, potentially leading to new all-time highs in the future.
💵 $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.
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.
🔥 $NOT Price Prediction: Can Bulls Fight For Recovery? - CoinGape Analytics
The path of least resistance is strongly inclined downwards, especially with NOT price sliding below the 20-day Exponential Moving Average (EMA) in blue. Backing the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Increasing red histograms is another bearish sign to consider when intending to trade NOT.
Various key levels could play a role in the direction Notcoin price takes this week. A rebound from the 38.2% Fibonacci retracement level could quickly renew interest in the token and support a recovery to the peak and subsequently a new all-time high above $0.03.
Conversely, declines will likely increase if sellers push below the 38.2% Fibonacci level. In that case, traders will be forced to shift targets to the ascending trendline and the 50% Fibo. The 50-day EMA forms a confluence support with the trendline.
Below both of these levels, Notcoin could enter a spiral movement below $0.015 and reach $0.01.
The path of least resistance is strongly inclined downwards, especially with NOT price sliding below the 20-day Exponential Moving Average (EMA) in blue. Backing the bearish outlook is a vivid sell signal from the Moving Average Convergence Divergence (MACD) indicator.
Increasing red histograms is another bearish sign to consider when intending to trade NOT.
Various key levels could play a role in the direction Notcoin price takes this week. A rebound from the 38.2% Fibonacci retracement level could quickly renew interest in the token and support a recovery to the peak and subsequently a new all-time high above $0.03.
Conversely, declines will likely increase if sellers push below the 38.2% Fibonacci level. In that case, traders will be forced to shift targets to the ascending trendline and the 50% Fibo. The 50-day EMA forms a confluence support with the trendline.
Below both of these levels, Notcoin could enter a spiral movement below $0.015 and reach $0.01.
Changing User Preferences: From Facebook to Cryptocurrencies
In today’s digital world, changes are happening extremely fast. Yesterday, everyone was interested in Instagram and Facebook, and today they are giving way to crypto wallets. So what is behind this phenomenon?
Phantom Wallet surpassed Facebook and ChatGPT in popularity
Phantom Wallet is a self-custodial crypto wallet originally developed to hold only SOL but later expanded to support BTC, ETH, and MATIC. Recently, according to Appfigures, it was ranked 11th in the free downloads ranking after Cash App and Snapchat and had approximately 770,000 downloads in April, ahead of social media giant Facebook and OpenAI’s ChatGPT language model.
This is not the first time that the wallet has been in the news because it has risen in the ratings of app stores. On May 19, Phantom also took 3rd place in the Apple App Store utility category, right after Google and Google Chrome. In addition, the company reported that more than 7 million active monthly users were recorded in April. This is often interpreted by the cryptocurrency community as a sign of the growing popularity of cryptocurrencies.
The wallet’s growing popularity coincided with the news that the company has acquired Bitski, an extension for the web3 browser, amid demand for intuitive decentralized applications. Phantom plans to integrate the extension to simplify connectivity and improve the user experience. With Bitski, users will be able to create wallets using only an email address, eliminating the need to manage passphrases and private keys. In addition, the extension allows developers to embed the wallet function directly into their applications, allowing users to interact with them without leaving the program.
MetaMask plans to integrate Bitcoin
The popular cryptocurrency wallet MetaMask is planning to add support for Bitcoin. This is reported by CoinDesk, citing people familiar with the matter. The wallet provider plans to introduce Bitcoin support within the next month, but the exact time is unknown. The specific functionality of the cryptocurrency has not yet been determined, but the possibilities may be initially limited but later expanded.
Even though MetaMask has already gone beyond the Ethereum ecosystem with the inclusion of Snaps, such a move will add one of the leading blockchains to the most popular digital wallet platforms. Recently, the wallet’s developers have added other features to improve the user experience, such as Blockaid-based security alerts for multiple blockchains, Ethereum validator staking, and a feature that allows users to verify their eligibility to receive airdrop and NFT claims.
MetaMask’s Ethereum wallet is the gateway for more than 30 million monthly active users to the world of decentralized applications and non-fungible tokens (NFTs) on Web3. It integrates with exchanges such as Binance, WhiteBIT, and OKX and allows users to top up their balance with ETH tokens and related networks.
While MetaMask is working on integrating BTC support, Cardano founder Charles Hoskinson has expressed a provocative vision. He argues that the crypto industry must evolve beyond Bitcoin to remain relevant and sustainable. Hoskinson notes that Bitcoin, with its proof-of-work consensus mechanism, is no longer in line with the technological advances needed to meet current needs for scalability and sustainability. He compares the commitment to a digital asset to a form of “religion”.
Summary
The popularity of Phantom Wallet, which surpasses the major social media giants, shows that cryptocurrencies are becoming more accessible and understandable to the world. MetaMask and its Bitcoin extension open up new opportunities for users to integrate different digital assets in one place. These moves demonstrate the importance of developing the cryptocurrency ecosystem and show how popular wallets are actively adapting to market needs.
$MATIC $BTC $SOL
Phantom Wallet surpassed Facebook and ChatGPT in popularity
Phantom Wallet is a self-custodial crypto wallet originally developed to hold only SOL but later expanded to support BTC, ETH, and MATIC. Recently, according to Appfigures, it was ranked 11th in the free downloads ranking after Cash App and Snapchat and had approximately 770,000 downloads in April, ahead of social media giant Facebook and OpenAI’s ChatGPT language model.
This is not the first time that the wallet has been in the news because it has risen in the ratings of app stores. On May 19, Phantom also took 3rd place in the Apple App Store utility category, right after Google and Google Chrome. In addition, the company reported that more than 7 million active monthly users were recorded in April. This is often interpreted by the cryptocurrency community as a sign of the growing popularity of cryptocurrencies.
The wallet’s growing popularity coincided with the news that the company has acquired Bitski, an extension for the web3 browser, amid demand for intuitive decentralized applications. Phantom plans to integrate the extension to simplify connectivity and improve the user experience. With Bitski, users will be able to create wallets using only an email address, eliminating the need to manage passphrases and private keys. In addition, the extension allows developers to embed the wallet function directly into their applications, allowing users to interact with them without leaving the program.
MetaMask plans to integrate Bitcoin
The popular cryptocurrency wallet MetaMask is planning to add support for Bitcoin. This is reported by CoinDesk, citing people familiar with the matter. The wallet provider plans to introduce Bitcoin support within the next month, but the exact time is unknown. The specific functionality of the cryptocurrency has not yet been determined, but the possibilities may be initially limited but later expanded.
Even though MetaMask has already gone beyond the Ethereum ecosystem with the inclusion of Snaps, such a move will add one of the leading blockchains to the most popular digital wallet platforms. Recently, the wallet’s developers have added other features to improve the user experience, such as Blockaid-based security alerts for multiple blockchains, Ethereum validator staking, and a feature that allows users to verify their eligibility to receive airdrop and NFT claims.
MetaMask’s Ethereum wallet is the gateway for more than 30 million monthly active users to the world of decentralized applications and non-fungible tokens (NFTs) on Web3. It integrates with exchanges such as Binance, WhiteBIT, and OKX and allows users to top up their balance with ETH tokens and related networks.
While MetaMask is working on integrating BTC support, Cardano founder Charles Hoskinson has expressed a provocative vision. He argues that the crypto industry must evolve beyond Bitcoin to remain relevant and sustainable. Hoskinson notes that Bitcoin, with its proof-of-work consensus mechanism, is no longer in line with the technological advances needed to meet current needs for scalability and sustainability. He compares the commitment to a digital asset to a form of “religion”.
Summary
The popularity of Phantom Wallet, which surpasses the major social media giants, shows that cryptocurrencies are becoming more accessible and understandable to the world. MetaMask and its Bitcoin extension open up new opportunities for users to integrate different digital assets in one place. These moves demonstrate the importance of developing the cryptocurrency ecosystem and show how popular wallets are actively adapting to market needs.
$MATIC $BTC $SOL
👀 $LINK Price Prediction: Why a move to $21 is likely in June - AMBCrypto Analytics
After climbing above the $16.04 level in mid-May, the market structure was bullish once more. The RSI on the daily chart showed a reading of 57.6 to reflect upward momentum was favored.
The Chaikin Money Flow’s +0.12 reading signaled strong capital flow into the market. It emphasized firm buying pressure. Therefore, Chainlink is expected to perform well in the coming days.
The former resistance zone at $17 has now been flipped to support and the bulls are expected to hold the price above the $16.5-$17 region.
The recent dip from $19 came alongside a drop in trading volume, which reinforced the idea of weak selling pressure and continued gains.
After climbing above the $16.04 level in mid-May, the market structure was bullish once more. The RSI on the daily chart showed a reading of 57.6 to reflect upward momentum was favored.
The Chaikin Money Flow’s +0.12 reading signaled strong capital flow into the market. It emphasized firm buying pressure. Therefore, Chainlink is expected to perform well in the coming days.
The former resistance zone at $17 has now been flipped to support and the bulls are expected to hold the price above the $16.5-$17 region.
The recent dip from $19 came alongside a drop in trading volume, which reinforced the idea of weak selling pressure and continued gains.
💥 $SOL Price Prediction: Can It Climb Back? - BeinCrypto Analytics
Solana’s price failed to close above the $190 barrier again and has since declined. The altcoin is currently changing hands at $165 back under the resistance of $169. A bullish outcome seems possible if the aforementioned cues are to be considered.
This would require SOL to first cement $170 as a support floor, then flip $175 into support as well. Subsequently, a rise to $190 and a test of the resistance would be considered a successful recovery.
However, if securing $170 and $175 as support floors fail, it would not be surprising to see SOL fall to $156. Losing this support would invalidate the bullish thesis for Solana’s price, sending it to $137.
At press time, SOL is trading at:
- $173.06 on Binance
- $173.10 on WhiteBIT
- $173.08 o KuCoin
Solana’s price failed to close above the $190 barrier again and has since declined. The altcoin is currently changing hands at $165 back under the resistance of $169. A bullish outcome seems possible if the aforementioned cues are to be considered.
This would require SOL to first cement $170 as a support floor, then flip $175 into support as well. Subsequently, a rise to $190 and a test of the resistance would be considered a successful recovery.
However, if securing $170 and $175 as support floors fail, it would not be surprising to see SOL fall to $156. Losing this support would invalidate the bullish thesis for Solana’s price, sending it to $137.
At press time, SOL is trading at:
- $173.06 on Binance
- $173.10 on WhiteBIT
- $173.08 o KuCoin
🚀 What’s Happening With $FLOKI Price? - CoinGape Analytics
FLOKI is on a similar trend as of March, where its price surged to $0.0002964, the best it had in two years. However, the surge didn’t last long, and the price dropped throughout April. But with recovery in market conditions, FLOKI attempted the same and rose even higher to $0.0003085 before declining today.
This decline comes after the stock market tumbled, which had a significant impact on the crypto industry as well. A few assets, including the FLOKI, faced a sudden decline despite the greedy sentiments of the market.
Amid all these declines and barriers, FLOKI has maintained its position in the crypto market and is the sixth biggest cryptocurrency with a market cap of $2.52B. As for now, the 24-hour trading volume is at $659.92M, still rising after the 16% hike. This continuous surge in network activity might help the FLOKI price to regain upward momentum.
Though the FLOKI price is on the decline, the technical indicators have a different story to tell. Mainly, FLOKI is in the buying zone due to the DWF lab’s $12 Million Investment plans in the FLOKI. This single announcement has increased the buying pressure on this meme coin, as the organization has planned to help the FLOKI with liquidity and support its upcoming expansion plans.
The simple and exponential moving averages at all the levels are in the strong buying zone. Favoring the same Moving Average Convergence Divergence (MACD) level is also in the buying zone. Moreover, the Relative strength index data is above 60, indicating the upcoming price surge for the meme coin.
With the new investment and the bullish technical signs, FLOKI Inu might succeed in a quick recovery once the overall crypto market lifts.
FLOKI is on a similar trend as of March, where its price surged to $0.0002964, the best it had in two years. However, the surge didn’t last long, and the price dropped throughout April. But with recovery in market conditions, FLOKI attempted the same and rose even higher to $0.0003085 before declining today.
This decline comes after the stock market tumbled, which had a significant impact on the crypto industry as well. A few assets, including the FLOKI, faced a sudden decline despite the greedy sentiments of the market.
Amid all these declines and barriers, FLOKI has maintained its position in the crypto market and is the sixth biggest cryptocurrency with a market cap of $2.52B. As for now, the 24-hour trading volume is at $659.92M, still rising after the 16% hike. This continuous surge in network activity might help the FLOKI price to regain upward momentum.
Though the FLOKI price is on the decline, the technical indicators have a different story to tell. Mainly, FLOKI is in the buying zone due to the DWF lab’s $12 Million Investment plans in the FLOKI. This single announcement has increased the buying pressure on this meme coin, as the organization has planned to help the FLOKI with liquidity and support its upcoming expansion plans.
The simple and exponential moving averages at all the levels are in the strong buying zone. Favoring the same Moving Average Convergence Divergence (MACD) level is also in the buying zone. Moreover, the Relative strength index data is above 60, indicating the upcoming price surge for the meme coin.
With the new investment and the bullish technical signs, FLOKI Inu might succeed in a quick recovery once the overall crypto market lifts.
💵 Can $SHIB delete another zero and surpass its ATH? - AMBCrypto Analytics
AMBCrypto identified a support at $0.000022 which bulls have been defending. However, SHIB’s price could be on the verge of slipping below the price.
If that happens, the price of the token might find itself trading at $0.000018. Should this happen, then the token might lose 23.92% of its press time value.
To the upside, there was resistance at $0.000027. A bounce to this level and breakout could lead SHIB to $0.000038 (a 64.01% increase).
In addition, the Network Value to Transaction (NVT) ratio was 153.65. This was a low reading from the period SHIB went on its month-long rally. High values of the NVT ratio indicate that a network is overvalued relative to the transactions.
Thus, the low NVT ratio suggest that Shiba Inu’s network was undervalued when compared with transactions.
Concerning the price, this ratio could validate the predicted increase in the mid-term. However, the price of the token might keep swinging sideways in the short term, and $0.0001 might be an option anytime soon.
AMBCrypto identified a support at $0.000022 which bulls have been defending. However, SHIB’s price could be on the verge of slipping below the price.
If that happens, the price of the token might find itself trading at $0.000018. Should this happen, then the token might lose 23.92% of its press time value.
To the upside, there was resistance at $0.000027. A bounce to this level and breakout could lead SHIB to $0.000038 (a 64.01% increase).
In addition, the Network Value to Transaction (NVT) ratio was 153.65. This was a low reading from the period SHIB went on its month-long rally. High values of the NVT ratio indicate that a network is overvalued relative to the transactions.
Thus, the low NVT ratio suggest that Shiba Inu’s network was undervalued when compared with transactions.
Concerning the price, this ratio could validate the predicted increase in the mid-term. However, the price of the token might keep swinging sideways in the short term, and $0.0001 might be an option anytime soon.
🔥 Will $NOT Price Hit $1 in 2024? - CoinGape Analytics
Notcoin has currently been trading at $0.02472, demonstrating an increase of 1.84% over the past day. In the past week and month, the coin saw a growth of 161.23% and 70.82% in value respectively.
Moving averages indicate a positive outlook for Notcoin. Buy signals are being displayed by the Exponential Moving Average (EMA), pointing to strong upward momentum. The SMA for the same time frames also indicates a buying signal, further supporting the upward trend. Nevertheless, the Hull Moving Average (HMA) is showing a sell signal, suggesting the possibility of temporary downturns or consolidations.
The MACD level is indicating bullish signs for Notcoin, showing the strength and direction of the trend. An upward MACD indicates that short-term momentum exceeds long-term momentum, usually indicating a bullish trend.
The RSI value for Notcoin is currently 82.55, placing it in the overbought zone. Although this shows a significant increase in buyers, it also implies that the token may need to undergo a correction or consolidation before it continues to rise.
Bollinger Bands includes a middle band (SMA) and two outer bands that show standard deviations and can be helpful for recognizing overbought or oversold situations.
Notcoin’s price movement recently remained in the upper Bollinger Bands range, suggesting a strong upward trend with the potential for a temporary reversal.
Fibonacci retracement levels are established as possible areas of support and resistance by utilizing the Fibonacci sequence. Important levels to keep an eye on for Notcoin are the support level at 0.0092846, and the resistance levels at 0.0231613 and 0.0292993.
Notcoin has currently been trading at $0.02472, demonstrating an increase of 1.84% over the past day. In the past week and month, the coin saw a growth of 161.23% and 70.82% in value respectively.
Moving averages indicate a positive outlook for Notcoin. Buy signals are being displayed by the Exponential Moving Average (EMA), pointing to strong upward momentum. The SMA for the same time frames also indicates a buying signal, further supporting the upward trend. Nevertheless, the Hull Moving Average (HMA) is showing a sell signal, suggesting the possibility of temporary downturns or consolidations.
The MACD level is indicating bullish signs for Notcoin, showing the strength and direction of the trend. An upward MACD indicates that short-term momentum exceeds long-term momentum, usually indicating a bullish trend.
The RSI value for Notcoin is currently 82.55, placing it in the overbought zone. Although this shows a significant increase in buyers, it also implies that the token may need to undergo a correction or consolidation before it continues to rise.
Bollinger Bands includes a middle band (SMA) and two outer bands that show standard deviations and can be helpful for recognizing overbought or oversold situations.
Notcoin’s price movement recently remained in the upper Bollinger Bands range, suggesting a strong upward trend with the potential for a temporary reversal.
Fibonacci retracement levels are established as possible areas of support and resistance by utilizing the Fibonacci sequence. Important levels to keep an eye on for Notcoin are the support level at 0.0092846, and the resistance levels at 0.0231613 and 0.0292993.
👀 $BTC on the brink: Could we see a soar to $79K soon? - AMBCrypto Analytics
Renowned crypto analyst Ali Martinez brings a fresh perspective to Bitcoin’s future with his latest technical analysis.
Utilizing the MVRV Extreme Deviation Pricing band chart, Martinez points out that BTC is near the +0.5 Standard Deviation (σ) pricing band at $66,800.
This positioning suggests a potential rise to the 1.0σ pricing band, which could see Bitcoin escalating to around $79,600. His analysis hinges on Bitcoin’s ability to maintain its current level, setting the stage for a possible significant increase.
Echoing Martinez’s optimistic outlook, another prominent figure in the crypto trading community, MMCrypto, has taken to X to voice his predictions.
He posits that BTC could either climb to $74,000 or drop to $62,200, dependent on market movements in the coming days.
His predictions are accompanied by a chart illustrating a pivotal triangle pattern. According to MMCrypto, this pattern is due to resolve within 48 hours, suggesting imminent significant price movement.
Technical analysis of BTC’s daily chart reveals that the asset has recently encountered a major supply zone after breaking downward structures.
This encounter at a critical resistance level may dictate Bitcoin’s short-term price trajectory. If Bitcoin can breach the $72,000 mark, surpassing the previous lower high, it could invalidate bearish forecasts and signal a strong bullish trend.
Renowned crypto analyst Ali Martinez brings a fresh perspective to Bitcoin’s future with his latest technical analysis.
Utilizing the MVRV Extreme Deviation Pricing band chart, Martinez points out that BTC is near the +0.5 Standard Deviation (σ) pricing band at $66,800.
This positioning suggests a potential rise to the 1.0σ pricing band, which could see Bitcoin escalating to around $79,600. His analysis hinges on Bitcoin’s ability to maintain its current level, setting the stage for a possible significant increase.
Echoing Martinez’s optimistic outlook, another prominent figure in the crypto trading community, MMCrypto, has taken to X to voice his predictions.
He posits that BTC could either climb to $74,000 or drop to $62,200, dependent on market movements in the coming days.
His predictions are accompanied by a chart illustrating a pivotal triangle pattern. According to MMCrypto, this pattern is due to resolve within 48 hours, suggesting imminent significant price movement.
Technical analysis of BTC’s daily chart reveals that the asset has recently encountered a major supply zone after breaking downward structures.
This encounter at a critical resistance level may dictate Bitcoin’s short-term price trajectory. If Bitcoin can breach the $72,000 mark, surpassing the previous lower high, it could invalidate bearish forecasts and signal a strong bullish trend.
💥 $PEPE Price Slips Amid Whale Dump - CoinGape Analytics
According to a recent report by the on-chain transaction tracking platform SpotOnChain, a Pepe Coin whale has deposited a staggering 366 billion PEPE, worth $5.31 million, into Binance. Notably, the report suggests that this move could be a sell-off by the large holder, especially as the Pepe Coin has noted significant gains over the past few days.
Meanwhile, this transaction allowed the whale to realize an estimated profit of $4.84 million, a remarkable gain of 985%. In addition, the report highlights that this whale used the same deposit address as two other smart traders who recently profited from PEPE.
In other words, the recent surge in the meme coin’s price created an opportune moment for several PEPE investors to book profits. However, this influx of large transactions has resulted in a price dip.
The market’s reaction to these substantial dumps has been mixed, with some investors expressing concern about the potential for further declines. The significant profits realized by these whales indicate a pattern of strategic trading that could influence the coin’s market dynamics.
However, investors are closely monitoring the situation, trying to anticipate the next moves of these large holders. In addition, Pepe Coin’s recent price surge was driven by a combination of factors, including increased market interest in meme coins and speculative trading.
However, the influx of large sell orders from whales seems to have tempered this enthusiasm. The market is now in a state of flux, with many traders waiting to see if the price will stabilize or continue to dip.
As of writing, the Pepe Coin price was down 6.02% and exchanged hands at $0.00001434, while its trading volume fell 18% to $1.28 billion. However, over the last 30 days, the PEPE price rose about 70%, reflecting the growing confidence of the traders towards the frog-themed meme coin. Meanwhile, the Pepe Coin Open Interest fell 6.83% to $159.02 million, CoinGlass data showed.
According to a recent report by the on-chain transaction tracking platform SpotOnChain, a Pepe Coin whale has deposited a staggering 366 billion PEPE, worth $5.31 million, into Binance. Notably, the report suggests that this move could be a sell-off by the large holder, especially as the Pepe Coin has noted significant gains over the past few days.
Meanwhile, this transaction allowed the whale to realize an estimated profit of $4.84 million, a remarkable gain of 985%. In addition, the report highlights that this whale used the same deposit address as two other smart traders who recently profited from PEPE.
In other words, the recent surge in the meme coin’s price created an opportune moment for several PEPE investors to book profits. However, this influx of large transactions has resulted in a price dip.
The market’s reaction to these substantial dumps has been mixed, with some investors expressing concern about the potential for further declines. The significant profits realized by these whales indicate a pattern of strategic trading that could influence the coin’s market dynamics.
However, investors are closely monitoring the situation, trying to anticipate the next moves of these large holders. In addition, Pepe Coin’s recent price surge was driven by a combination of factors, including increased market interest in meme coins and speculative trading.
However, the influx of large sell orders from whales seems to have tempered this enthusiasm. The market is now in a state of flux, with many traders waiting to see if the price will stabilize or continue to dip.
As of writing, the Pepe Coin price was down 6.02% and exchanged hands at $0.00001434, while its trading volume fell 18% to $1.28 billion. However, over the last 30 days, the PEPE price rose about 70%, reflecting the growing confidence of the traders towards the frog-themed meme coin. Meanwhile, the Pepe Coin Open Interest fell 6.83% to $159.02 million, CoinGlass data showed.
🚀 $SHIB poised for a comeback? - AMBCrypto Analytics
CoinMarketCap’s data revealed that the world’s second-largest memecoin’s price surged substantially on the 29th of May, allowing it to touch $0.00002924.
But SHIB couldn’t sustain the pump and fell victim to multiple price corrections. AMBCrypto’s analysis of the memecoin’s chart revealed that the recent price drop pushed its value to a critical support level of $0.00002437.
If SHIB fails to test the resistance and falls under it, then investors might witness the token drop to $0.000020.
On the other hand, a successful test of the support could kickstart a bull rally, which might result in SHIB touching $0.000029 in the coming days.
The technical indicator MACD’s data revealed that the bulls and the bears were in a battle to gain an advantage over each other. But the rest of the indicators suggested that the bulls might turn out to be victorious.
For example, the Chaikin Money Flow (CMF) registered an uptick, and the Relative Strength Index (RSI) also followed a similar trend, hinting at a successful test of the support.
CoinMarketCap’s data revealed that the world’s second-largest memecoin’s price surged substantially on the 29th of May, allowing it to touch $0.00002924.
But SHIB couldn’t sustain the pump and fell victim to multiple price corrections. AMBCrypto’s analysis of the memecoin’s chart revealed that the recent price drop pushed its value to a critical support level of $0.00002437.
If SHIB fails to test the resistance and falls under it, then investors might witness the token drop to $0.000020.
On the other hand, a successful test of the support could kickstart a bull rally, which might result in SHIB touching $0.000029 in the coming days.
The technical indicator MACD’s data revealed that the bulls and the bears were in a battle to gain an advantage over each other. But the rest of the indicators suggested that the bulls might turn out to be victorious.
For example, the Chaikin Money Flow (CMF) registered an uptick, and the Relative Strength Index (RSI) also followed a similar trend, hinting at a successful test of the support.
💵 Weekly Analysis of $SOL , $MATIC , $WIF - GNCrypto Analytics
On a local scale, Solana’s market movement has been relatively flat, suggesting that a global timeframe analysis might be more revealing.
The asset has been trading within a narrow range, confined by support at $153–$161 and resistance at $174–$186. A breakout from this range will dictate Solana's next market trend. If the buyers gain the upper hand, the coin could move towards the next resistance level at $204.7, potentially setting sights on reaching a new all-time high at $260.
Conversely, in a bearish scenario, SOL might revisit the support level at $140, where it is likely that buyers would continue to accumulate long positions.
MATIC continues to trade within a broad range between the support zone of $0.62–$0.67 and the resistance zone of $0.74–$0.77. Neither buyers nor sellers are currently showing significant activity, which has resulted in low volatility.
If MATIC can break through the current resistance, the next significant seller orders could emerge within the $0.83–$0.88 zone. Such movement could be triggered either by overall positive sentiment in the market or specific positive developments from Polygon.
Should a deeper correction occur, the coin might revisit the local low of $0.588.
The market maker for the meme coin WIF is exhibiting strong performance. The asset maintains a clear upward trend without significant pullbacks.
Presently, the coin is near the support range of $2.84–$3.16. A successful defense of this zone would confirm the ongoing uptrend, with future targets set at $3.74–$4.07, $4.34, and $4.85.
Given the current peak in meme coin hype, a market correction appears unlikely at this moment.
On a local scale, Solana’s market movement has been relatively flat, suggesting that a global timeframe analysis might be more revealing.
The asset has been trading within a narrow range, confined by support at $153–$161 and resistance at $174–$186. A breakout from this range will dictate Solana's next market trend. If the buyers gain the upper hand, the coin could move towards the next resistance level at $204.7, potentially setting sights on reaching a new all-time high at $260.
Conversely, in a bearish scenario, SOL might revisit the support level at $140, where it is likely that buyers would continue to accumulate long positions.
MATIC continues to trade within a broad range between the support zone of $0.62–$0.67 and the resistance zone of $0.74–$0.77. Neither buyers nor sellers are currently showing significant activity, which has resulted in low volatility.
If MATIC can break through the current resistance, the next significant seller orders could emerge within the $0.83–$0.88 zone. Such movement could be triggered either by overall positive sentiment in the market or specific positive developments from Polygon.
Should a deeper correction occur, the coin might revisit the local low of $0.588.
The market maker for the meme coin WIF is exhibiting strong performance. The asset maintains a clear upward trend without significant pullbacks.
Presently, the coin is near the support range of $2.84–$3.16. A successful defense of this zone would confirm the ongoing uptrend, with future targets set at $3.74–$4.07, $4.34, and $4.85.
Given the current peak in meme coin hype, a market correction appears unlikely at this moment.
