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đŸ”„ According to CryptoIntelligence: $DOGE , $SHIB and $PEPE Lead the Bullish Charge AMBCrypto’s examination of on-chain data from Santiment revealed intriguing trends regarding the potential for further price increases. For SHIB, indicators of rising buying pressure were observed, as demonstrated by a decrease in Supply on Exchanges and an increase in Supply Outside of Exchanges. Despite PEPE’s significant price appreciation, it encountered high selling pressure, marked by an increased Supply on Exchanges and a decreased Supply Outside of Exchanges. However, interest from large investors appeared to rebound, with the coin’s supply held by top addresses seeing growth after a brief decline. DOGE’s prospects appeared particularly bright, evidenced by an improvement in its Market Value to Realized Value (MVRV) ratio to 5.11%, suggesting the potential for a continued upward movement. Furthermore, a significant drop in its Network Value to Transactions (NVT) Ratio indicated the coin might be undervalued, hinting at further price advancements in the near future. #SHIBđŸ”„đŸ”„ #Dogecoin‏⁩ #PEPEPotential🚀🐾

đŸ”„ According to CryptoIntelligence: $DOGE , $SHIB and $PEPE Lead the Bullish Charge

AMBCrypto’s examination of on-chain data from Santiment revealed intriguing trends regarding the potential for further price increases.

For SHIB, indicators of rising buying pressure were observed, as demonstrated by a decrease in Supply on Exchanges and an increase in Supply Outside of Exchanges.

Despite PEPE’s significant price appreciation, it encountered high selling pressure, marked by an increased Supply on Exchanges and a decreased Supply Outside of Exchanges.

However, interest from large investors appeared to rebound, with the coin’s supply held by top addresses seeing growth after a brief decline.

DOGE’s prospects appeared particularly bright, evidenced by an improvement in its Market Value to Realized Value (MVRV) ratio to 5.11%, suggesting the potential for a continued upward movement.

Furthermore, a significant drop in its Network Value to Transactions (NVT) Ratio indicated the coin might be undervalued, hinting at further price advancements in the near future.

#SHIBđŸ”„đŸ”„ #Dogecoin‏⁩ #PEPEPotential🚀🐾

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đŸ”„ $NOT surges 84% in one week: Time to add NOT to your portfolio? - AMBCrypto Analytics While there has been some profit-taking activity in the past few days, NOT’s momentum indicators remain significantly above their 50-neutral lines. At press time, the token’s RSI was 76.73, while its Money Flow Index was 77. These indicators suggested that NOT buying activity remained significant and exceeded selling pressure.  However, it is key to note that at its value, NOT’s RSI signaled that the token was overbought and a potential price correction was imminent.  When an asset is overbought, buyers’ exhaustion sets in, and its price witnesses a pullback. Although there lies a risk of a slight correction in NOT’s price, the bulls remain firmly in market control. Readings from its Elder-Ray Index showed this. As of this writing, the indicator’s value was 0.012.  This indicator measures the relationship between the strength of NOT’s buyers and sellers in the market. When its value is positive, bull power dominates the market.   Further, its positive directional index (green), at 45.96, was above its negative index (red), at 6.2, as of this writing. This signaled that the altcoin was experiencing a stronger uptrend than a downward momentum, even though some traders had started selling. In addition, NOT’s Chaikin Money Flow (CMF) at 0.20 showed that a significant amount of liquidity was flowing into the market. A positive CMF is a sign of market strength. It connotes capital inflow as demand for an asset climbs, a bullish signal. 
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👀 $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.
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đŸ’„ $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.
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🚀 $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.
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