ETH Breaks Strong Resistance Levels, Poised for Continued Upside
Ethereum (ETH) is the second-largest cryptocurrency by market capitalization and is currently poised for a significant upward rebound after breaking through strong resistance levels. This key breakout occurred shortly after the election results were announced, with Donald Trump defeating Kamala Harris. Why is the price of ETH rising? After Trump's election, the cryptocurrency market experienced a significant surge, with Ethereum (ETH) among those breaking out of the consolidation range and strong resistance levels. In the past two days, ETH has risen over 20%. Ethereum (ETH) technical analysis and upcoming levels ETH appears bullish, currently poised to gain 23% upward momentum, potentially reaching the level of $3,340 in the coming days. This breakout is not a typical breakout but rather a breach of the long-term downtrend resistance line that ETH has faced since May 2024, as well as the long-term consolidation ETH has experienced over the past three months.
Ethereum starts to gain momentum, and according to its past behavior, it likes to push forward later, achieving a curve-over-take, with a multiplier exceeding Bitcoin
Will TIA prices rise further due to the surge in foreign exchange outflows?
Celestia (TIA) prices have surged 10% in the past 24 hours, with exchange outflows hitting a new all-time high this month. Such large outflows mean that TIA holders are optimistic and may see the recent gains as the start of a sustained rally. While this may be true given the broader market rally, this analysis examines how high TIA's price could go. Celestia sees massive outflows and trading volume surges On Wednesday, November 6, Coinglass data showed a negative reading on the spot inflow/outflow indicator, which tracks tokens moving in and out of exchanges. This particular reading indicated a bullish shift as approximately $5.62 million worth of TIA flowed out of exchanges.
The market is booming! Will there be a correction after the election? This bull market with 20x potential cannot be missed!
The news is confirmed that 'very reliable' has been elected, and the next thing is a bull market! The BTC market analysis is out. I found some clues by looking at the 4-hour, 1-hour, and 1-minute charts, but from the emotional and data perspective, many people are preparing to go short and are bearish. Are you preparing to fall before dawn? The good market for the next 6 to 12 months has already opened. Looking bearish at this time can only mean you are a hot-blooded, radical rookie.
Will it rise or fall after the election? In the high-level consolidation zone, pay attention to the ranges of 72700 to 75000, which is the short-term fluctuation zone. High-level fluctuations are opportunities for altcoins, so look for altcoin opportunities on the market, find coins with high trading volume, and coins with patterns at the bottom. You can also look for coins that have been popular in the last month or two. Here are a few recommendations: Dogecoin series, SOL series, NEIRO, WIF, APE, BOME. I have collected these coins; there are many opportunities.
$SATS The daily chart shows a large bullish candle with a short upper shadow and an amplitude exceeding 20%, with the trading volume being eight times that of the previous day (Gate exchange), indicating a strong upward trend. The daily MA30 line is still in a downward trend, and the MACD shows decreasing bearish momentum below the zero line. Due to the strong rise of Bitcoin, the inscription sector is generally exhibiting a significant bullish pattern, with the price of sats reaching near the daily MA30 line. In the short term, it can still push upwards, but afterwards, it is expected to undergo a downward pullback. The phase bottom pattern on the daily level is already very clear, with the pullback area located between 2350-2250. Be sure to remember to get on board. Daily level resistance points are 2650-2820-3130-3330, and support points are 2350-2250-1970.
Will the activity on the Aptos network support the continued rise in APT prices?
Aptos [APT] has been in a bearish retracement since the last week of October. However, its performance over the past two days suggests it is ready to resume the bullish trajectory seen since mid-September. APT has recently fallen 30% from its October peak. However, the price range of the pullback is worth noting. This is because the expected pullback is anticipated to end in the range of $7.68 to $8.43 — a range selected based on the Fibonacci retracement levels from the September low to the October high.
Earlier this week, APT dipped to a low of $7.74, followed by a bullish reversal, indicating that the Fibonacci retracement area has been accurately identified.
$ORDI The daily line is a big positive line with a short upper shadow and an amplitude of more than 16%. The trading volume is more than twice that of the previous day, which is a volume increase. The daily MA30 line began to flatten, and MACD showed a trend of weakening downward momentum near the zero axis. The price followed the strong rise of Bitcoin and encountered the pressure level of the rising trend line, forming a short downward correction trend. It is currently oscillating near the trend line. The short-term trend will still be affected by Bitcoin. It is necessary to wait for Bitcoin to step back in place and start to oscillate before the inscription sector will have an independent upward trend. After enduring for so long, the big inscription is coming. Don't get thrown off the car at the last moment. In the short term, there will be a trend of continuing to arch upward, and then it will fall back. After the adjustment is completed, it will continue to rush up. There will be no sharp drop, so don't worry too much. The position of the stepping back is around 32, with a decline of about 10%. It will not fall in place at once, but will go down little by little. Daily pressure level is 37.4-40-44, support level is 34.3-31.9-29.3
Will the increase in outflows allow LINK's price to continue rising?
Chainlink [LINK] has risen 5.34% in 24 hours, trading at $12.35 at the time of writing, showing signs of reversing the bearish trend. These gains come as traders continue to withdraw their LINK tokens from exchanges. CryptoQuant data shows that in the past month, the net flow of LINK on spot exchanges has been primarily negative. In fact, on November 4, LINK's outflow surged to a 30-day high.
This surge indicates that traders are unwilling to sell their held LINK tokens. If selling pressure eases, LINK will be on a rebound path.
$AEVO has dropped tenfold, bottoming out for over three months, accumulation is almost complete. A rebound to 0.6 is not a big problem, bought in spot, just hold patiently.
RUNE's price has risen recently, what will be the next trend?
THORChain [RUNE] is up 17.15% in 24 hours as bullish sentiment sweeps the crypto space after Bitcoin [BTC] hit a new all-time high against the U.S. dollar at $754,000. Monday’s volatility triggered a strong bearish reaction in the market, but bulls were quick to quell fears of a bearish reversal. The price is above the $4.76 level, which is a good short-term sign, but can the bulls establish support from it? THORChain’s bearish market structure is broken
Looking at the daily chart, RUNE has been trending steadily higher since the sharp drop in August. The stock maintained this trend and bullish market structure until November 4th.
WIF's Price Soars During the Election; What Will Be the Next Trend?
During the election date, the cryptocurrency market soared, with signs of Trump's victory intensifying, Bitcoin [BTC] skyrocketing to an all-time high (ATH). Memecoins surged even more, with dogwifhat [WIF] rising 20% in 24 hours. As of the time of writing, a long wick has appeared on the daily chart, indicating that the momentum on election day may cool off. But what will be the next step for one of the top memecoin gems after the election? WIF's Next Step
On the price chart, WIF followed a textbook correction scenario and retraced in the golden zone of the Fibonacci retracement tool (50%-61.8% Fibonacci level, marked in white). The support area of $1.2 - $2.0 (in white) triggered the latest +20% surge.
Musk has become the biggest winner of this election, with his wealth increasing by 26.5 billion dollars today, bringing his total wealth to over 290 billion dollars, firmly securing his position as the world's richest person.
POL recently set an all-time low, is this a buying opportunity?
Holders of POL (formerly MATIC) must feel very frustrated after seeing its latest performance. This native Polygon token continues its downward trend, hitting an all-time low, but is this the ideal time for a buyback? While most top tokens are trying to reach all-time highs or set new records, POL has set a new all-time low. During Monday's trading session, the trading price of the token fell to as low as $0.285. This is the lowest price the token has reached since its inception.
According to RSI, the new historical low is severely oversold. But does this mean it's a good time to buy back MATIC at an extremely low price? This question is easy to answer based solely on price performance.
Trump's election excites the market! Bitcoin breaks through $75,000, the biggest dark horse of this bull market - DOGE
The outcome is already determined; I wonder if everyone is aware of the overall situation. 2024, the king returns!!
CZ is back! Trump is back! However, I advise everyone to allocate positions reasonably and avoid brainless operations!! First, if Trump is elected in November, he won't take office until January next year. Secondly, most of the policies proposed by Trump will be difficult to implement in the past four years. Trump is favorable for the cryptocurrency market, but it may not be that exaggerated. Thirdly, don't forget that whether the economy has a soft landing or a hard landing, it has not landed yet. Under sustained high-interest rates, the market lacks liquidity. There used to be a team worth $400, now it's a $50 advertising selection process, with many KOLs competing for opportunities.
Musk is already celebrating Trump's victory, this election is a foregone conclusion, Trump will definitely win, and Musk will become the head of the US Cabinet. This year, Bitcoin is definitely going to 100,000.
Will the rapid growth of SOL in the NFT market lead to a price increase?
Solana [SOL] has recently surged, capturing 51% of the NFT royalty market, surpassing Ethereum [ETH]. This growth highlights the strong preference of NFT creators and collectors for its high-speed, low-cost blockchain. Beyond market dominance, Solana's success in the NFT space may enhance demand for its native token and boost investor confidence. Will Solana become the preferred blockchain for NFTs? Solana's competitive advantage in the NFT market stems from its faster transaction speeds and lower fees compared to other blockchains like Ethereum. These advantages make it an ideal choice for NFT creators and collectors seeking efficiency and cost-effectiveness.
#BTC If this wave breaks new highs, after a pullback, the major levels to challenge are: 83240-89089-96050-109800 The pullback levels are: 72700-71320-69500
The halt of whale selling has caused ADA's price to soar; can it maintain its upward momentum in the future?
Cardano [ADA] is expected to recover losses incurred in recent weeks, having fallen 3.87% and 4.87% in the weekly and monthly time frames, respectively. As whales stop selling and choose to hold, the asset has increased by 9.73% in the past 24 hours. This reinforces the gradual upward trend of the currency. Whales show long-term commitment to ADA. According to IntoTheBlock data, the number of large holders controlling at least 1% of ADA supply has seen a significant decline in net flow. Large holder net flow is an indicator that tracks the net inflow or outflow of assets. Currently, this indicator is unfavorable for altcoins, having fallen 1181.52% in the past week.