Ethereum Could Crash To $1,700 If This Support Fails, Analyst Says
An analyst has explained how Ethereum (ETH) could see its price crash to $1,700 if the support level of this technical analysis (TA) pattern fails. Ethereum Could Be In Danger Of Falling Under Ascending Channel Support In a new Ascending Parallel Channel from TA, which, as its name implies, involves two parallel trendlines that are…
Why The Bitcoin Dominance Reaching 71% Is Important For Altcoin Season To Begin
Bitcoin continued dominance has remained a defining feature of the current market cycle, with the leading crypto asset receiving most of the inflows into the market. At the time of writing, awaiting an altcoin season. Reaching 71% Is Critical For An Altcoin Season The Bitcoin dominance chart, which tracks Bitcoin’s market capitalization in relation to…
Ethereum Outflows On Derivative Exchanges Hit Record Lows: What It Means for ETH
Ethereum has continued to face headwinds, mirroring the broader downward trend in the global cryptocurrency market. The persistent market slump has made it challenging for ETH to sustain upward momentum, even as it attempts to recover from recent losses. Interestingly, it appears there might be some notable factors behind the scenes influencing Ethereum’s price movements,…
Bitcoin Price Attempts a Comeback: Can the Recovery Hold?
Bitcoin price is consolidating above the $95,500 support zone. BTC is showing a few positive signs and might attempt a recovery if it clears $100,000. Bitcoin started a fresh decline below the $100,000 level. The price is trading below $99,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming…
Ethereum Price Stuck in Slow Gear: Will a Breakout Come Soon?
Ethereum price started a recovery wave above the $2,650 zone. ETH is now struggling to clear the $2,880 and $2,920 resistance levels. Ethereum started a decent upward move above the $2,620 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with…
Bitcoin Network Activity Slumps To One-Year Low – Is BTC Overpriced?
According to a recent CryptoQuant Research post, Bitcoin (BTC) network activity has slumped to a 12-month low, with CryptoQuant’s Bitcoin Network Activity Index currently at its lowest level since February 2024. Bitcoin Network Activity Drops As Market Consolidates Data from CryptoQuant’s Bitcoin Network Activity Index shows that activity has declined by 15% from its peak…
XRP Price Weakens Gradually: Can It Find Support?
XRP price struggled to continue higher above the $2.75 zone and recently corrected gains. The price is moving lower and might struggle to stay above $2.250. XRP price started a fresh decline after it failed to clear the $2.80 level. The price is now trading below $2.60 and the 100-hourly Simple Moving Average. There is…
XRP Price Eyes 40% Gains, Analyst Reveals The ‘Best Level’ To Buy And Hold
Crypto analyst ProjectSyndicate has made a bullish case for the XRP price, which he predicts could record 40% gains soon enough. The analyst also revealed the price level, which he believes is ideal for market participants to buy and hold XRP. XRP Price Eyes 40% Gains As Analyst Reveals Key Level In a current pullback…
BNB Price Poised to Rally—If It Can Overcome This Hurdle
BNB price is recovering losses from the $540 support zone. The price is rising and might aim for a fresh move toward the $635 resistance. BNB price is struggling to clear the $585 resistance zone. The price is now trading near $580 and the 100-hourly simple moving average. There was a break above a key…
Solana Could Target $220 If It Holds Current Levels – Analyst Expects Short-Term Bullish Momentum
Solana is trading above the crucial $200 level after enduring days of extreme volatility and heavy selling pressure. Despite the uncertainty, Solana remains one of the strongest assets in the crypto market, sustaining its bullish momentum that has been in place since 2023. Investors and analysts are closely watching this key level, as maintaining support…