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👀 According to AMBCrypto: What's Next for $BTC ? At press time, BTC was trading at $64,293.03 and its price had grown by 0.70% in the last 24 hours. The volume at which BTC was trading at had grown by 27.12% as well. If the positive sentiment persists, the price of BTC could claim the $65,000 level and start its journey towards $70,000. However, there were some problems that BTC could face on its way to the top. One of them would be the declining velocity being seen for BTC. Despite the surge in volume, the velocity around BTC in the last few days had fallen, implying that the frequency with which BTC was being traded at had declined. Even though there are some challenges that BTC is facing, the selling pressure on most of the holders is relatively low. One of the main reasons for the same would be the declining MVRV ratio for BTC, which indicated that most holders were in losses at the time of writing. This meant that BTC could continue to rise to a certain level till holders turn profitable. After this, profit taking may take place and a slight correction may occur.

👀 According to AMBCrypto: What's Next for $BTC ?

At press time, BTC was trading at $64,293.03 and its price had grown by 0.70% in the last 24 hours. The volume at which BTC was trading at had grown by 27.12% as well.

If the positive sentiment persists, the price of BTC could claim the $65,000 level and start its journey towards $70,000.

However, there were some problems that BTC could face on its way to the top. One of them would be the declining velocity being seen for BTC.

Despite the surge in volume, the velocity around BTC in the last few days had fallen, implying that the frequency with which BTC was being traded at had declined.

Even though there are some challenges that BTC is facing, the selling pressure on most of the holders is relatively low.

One of the main reasons for the same would be the declining MVRV ratio for BTC, which indicated that most holders were in losses at the time of writing.

This meant that BTC could continue to rise to a certain level till holders turn profitable. After this, profit taking may take place and a slight correction may occur.

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đŸ”„ $NOT Price Prediction: Could This Worldwide Viral Coin Reach $1? - CryptoNews Analytics Notcoin (NOT) is currently trading at $0.01883. It has recently completed a 50% Fibonacci retracement at around the $0.0170 level, which is an important technical indicator for traders. The Fibonacci retracement tool helps identify potential reversal levels by measuring the peak-to-trough move of an asset. In this case, the formation of a Doji candle at the 50% retracement level suggests market indecision, which could indicate a potential buying opportunity. Immediate resistance for Notcoin is found at $0.01895, where the 50-day Exponential Moving Average (EMA) is also positioned. This means that the price might struggle to move above this level without significant buying pressure. If Notcoin can surpass this resistance, the next levels to watch are $0.01998 and $0.02361. On the downside, immediate support is at $0.01703, with additional support levels at $0.01408 and $0.01194, which could serve as potential buying zones if the price declines. The Relative Strength Index (RSI) is currently at 43.37. The RSI is a momentum indicator that measures the speed and change of price movements, indicating whether an asset is overbought or oversold. An RSI below 50 generally suggests a neutral market stance but leaning towards being oversold, which might favor buyers. In conclusion, the current technical outlook for Notcoin suggests buying above $0.01700, with the potential for upward movement if the price surpasses the $0.01895 resistance level.
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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. 
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đŸ’„ $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.
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🚀 $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.
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