The post These Altcoins Might See Major Crash in Coming Week appeared first on Coinpedia Fintech News
With Bitcoin crashing back to the $60,000 support zone, the crypto market took a huge dip last night. The BTC price fall of 3.62% amplifies the supply wave in the altcoins market, resulting in a breakdown in many coins. While Bitcoin clings to the support zone, the altcoins could crash in the coming week if …
Dogecoin now finds its current price movement moving with a peculiar lack of action. In this case, the lack of action points to low volatility, especially in the last few days. Notably, on-chain data from IntoTheBlock has revealed that the crypto is now at its lowest point in the last 30 days. Related Reading: Did […]
Dogecoin, the meme-inspired cryptocurrency that took the internet by storm in 2021, has seen a recent uptick in price. However, experts are cautioning investors against mistaking this blip for the start of a moon mission. Related Reading: $20 On The Horizon For XRP? Unpacking A Potential 650x Surge And What It Means DOGE Price Volatility Takes A Vacation One factor tempering enthusiasm is Dogecoin’s current lack of volatility. While price swings are often a hallmark of the cryptocurrency market, DOGE’s volatility has hit a 30-day low. This calmness suggests the recent price increase might not translate into a sustained upward trend. Memecoins like Dogecoin thrive on volatility, and the current lull suggests a period of price stability, which isn’t necessarily bad, but it’s unlikely to trigger the explosive rallies we’ve seen in the past. Source: IntoTheBlock Dogecoin Network Activity: Apathy Or Accumulation? Another dampener on the celebratory champagne showers is the low user activity on the Dogecoin network. The number of active addresses, which indicates user engagement, is currently hovering around 52,000. This is a significant drop compared to March 2024, when a surge in active addresses coincided with a price jump to $0.22. Total crypto market cap currently at $2.18 trillion. Chart: TradingView Historically, spikes in Dogecoin’s user activity have foreshadowed price increases. The current low suggests a lack of excitement or, perhaps, a period of accumulation by investors who are waiting for the right moment to jump in. DOGE Stuck In Consolidation: A Sideways Serenade Or Coiling For A Leap? For the past few weeks, Dogecoin’s price has been stuck in a consolidation phase, oscillating between $0.14 and $0.16. This sideways movement, while frustrating for those hoping for a quick return, could be a sign of a different kind of preparation. Doge price action in the last 24 hours. Source: Coingecko Consolidation periods often precede significant breakouts. While it doesn’t guarantee a future surge, it suggests the price is finding support and could be coiling for a potential leap. Related Reading: XRP All Talk, No Action? Social Media Booms, But Price Stuck In The Bear Pit A Glimmer Of Hope: MVRV Z Score Hints At Undervaluation A beacon of optimism comes from the MVRV Z Score, an indicator that suggests Dogecoin might be currently undervalued. This metric essentially compares the market value of a coin to its historical value. A score below a certain threshold suggests the coin might be undervalued and has room for growth. A Slow Burn Or A Surprise Spark? The current data paints a picture of a cautious future for Dogecoin’s price. While a major rally seems unlikely in the immediate future, there are underlying hints that suggest potential for growth. The low volatility and user activity could be signs of consolidation and accumulation, respectively, both of which could precede a future price increase. Featured image from @inevitable360/X, chart from TradingView
The post Why Toncoin (TON) Price is Surging? appeared first on Coinpedia Fintech News
Interestingly, after breaking a long consolidation, Toncoin has shown its strength since January. Price has risen 272% since then, reaching $7.5 highs. This has created significant buying pressure, keeping the token on an uptrend when the larger tokens are bearish. Will Ton go higher than this? If so, can we expect an all-time high in …
Bitcoin’s failure to rise above the 20-day EMA increases the risk of a downward breakdown for BTC and many altcoins.
The post Bitcoin Under $62K Warns A 10% Crash Next Week? appeared first on Coinpedia Fintech News
With almost $90 million in long liquidations, the Bitcoin price is evidently under high bearish pressure, dropping by 4.44% in 72 hours. Further, this drop showcases an amplified bearish wave transcending to the altcoins sector. With almost a 15% drop in April 2024, the BTC price marks the first bearish month after August 2023. The …
The post THORChain Jumps As Bullish Sentiment Intensifies! RUNE Price To Hit $10? appeared first on Coinpedia Fintech News
Despite increased bearish influence in the cryptocurrency industry, the RUNE price has displayed a jump of over 8% within the past day and 23.16% over the past seven days, indicating a rising bullish sentiment for the altcoin in the crypto space. The RUNE price displayed a neutral trend by trading in a consolidated range between …
The post Will These Top Meme Coins Perform in May? appeared first on Coinpedia Fintech News
The crypto market has witnessed a gradual drop in the last three days. Bitcoin dropped 5%, and bulls lost $350M in long-liquidations in the entire market. Amidst the crash, meme coins suffered the same fate and experienced a rise in supply pressure. Despite the sector leaders Dogecoin and Shiba Inu registering an average drop of …
The post Solana Struggles Despite Clearing Congestion! Will SOL Price Reclaim $200 In May? appeared first on Coinpedia Fintech News
The cryptocurrency industry continues to trade under a strong bearish influence as top crypto tokens struggle to hold their respective values above the important support levels, indicating uncertainty in the future price action of these altcoins. On the other hand, despite adding 21.68% within the past seven days, the Solana price has recorded a correction …
The post Chainlink (LINK) Rejects $14.65 Resistance Traders On High Alert appeared first on Coinpedia Fintech News
Chainlink(LINK) on Wednesday started red, with a price down to 4.26% LINK has formed a downward trajectory. Breaking one strong support at $14.2 and a crucial support at $14.17 downtrend continues to settle at $13.8, Currently. Bulls are on alert as the price navigates to seek support between $12- $13. The LINK/USDT 4-hour chart gives …
The post Why is The Crypto Market Down Today? appeared first on Coinpedia Fintech News
After a brief period of recovery, the crypto market has experienced another setback characterized by a decline in overall trading volume to $63.63 billion, the lowest in weeks. This downturn is underscored by a 17% decrease in the total volume within a day, coupled with a drop in the overall crypto market cap to $2.3 …
The post Crypto Market Watch: Bitcoin, Ethereum, and Solana Trends and Price Analysis appeared first on Coinpedia Fintech News
Bitcoin, Ethereum, and Solana are all in focus as Crypto World analysts delve into the details of the current trend. The analyst noted that recent data shows a substantial inflow of around $217 million into spot Bitcoin ETFs on Monday, signaling continued institutional interest in the crypto market. Grayscale, in particular, has seen significant inflows …
The post FTX Token To Retest $3 This Week As FTT Price Jumps 38% Today? appeared first on Coinpedia Fintech News
The bearish price sentiment in the cryptocurrency industry is on a constant rise as top altcoins struggle to breach their important resistance levels. However, mid-cap and low-cap altcoins have recorded a positive price action, highlighting a switch of interest among investors toward these altcoins. On the other hand, the FTX token has displayed a strong …
The post WIF Price Crashes 10%, A Retest Teases A Jump To $5 appeared first on Coinpedia Fintech News
As the market slumps in the mid-week, the altcoins, especially the meme coins, experience a sharp increase in supply. Amidst the meme coins, the WIF price reverts drastically, threatening the prevailing uptrend. Will the meme coins sector make a comeback this month? Will the Dogwifhat price make a post-retest jump to surpass the $5 peak …
The post Here is What’s Next for Toncoin (TON), Avalanche (AVAX) & Dogecoin (DOGE) Price appeared first on Coinpedia Fintech News
Bitcoin remains stuck within a range, failing to rise beyond $64,500 after a brief recovery from the local lows at $56,500. With this, the crypto markets have turned slightly bullish as traders Besides, the altcoins within the top 10 briefly follow the star crypto, while others are preparing for diverse price action. Toncoin (TON) Aims …
The post Altcoins Show Strength While Bitcoin Stuck Within A Range: WLD, NEAR & RNDR Price Close to Triggering a Fresh Upswing appeared first on Coinpedia Fintech News
The cryptocurrency markets are flipping now and then as bulls and bears show equal strength at regular intervals. Mainly because the Bitcoin price remains stuck within a range after a brief upswing, allowing the altcoins to swell a bit. Therefore, some of them, like Worldcoin (WLD), Near Protocol (NEAR), & Render Protocol (RNDR), are believed …
The post Bitcoin Price at $64K: A Bull Trap? Crypto Expert Decodes the Market Signals appeared first on Coinpedia Fintech News
Analyst Davinci shared his analysis of the current state of the cryptocurrency market, particularly focusing on Bitcoin’s price action. Davinci warned about Bitcoin’s recent price surge to $64,000, suggesting it could be a “bull trap.” “While I believe Bitcoin could eventually reach $100,000, $200,000, or even $300,000 in the long term, I foresee significant volatility …
The post Is The Bitcoin ETF Rally Over? Hare Are The Top Reasons Behind Recent Market Slowdown appeared first on Coinpedia Fintech News
The crypto market’s recent rally, driven largely by the surge of inflows into cryptocurrency exchange-traded funds (ETFs), seems to be losing momentum. As per the Kaiko Report, here’s what could be causing this shift and what it might mean for investors. The ETF Rally Stalls ETF inflows have been a significant driver of the crypto …
Smart contracts platform Avalanche (AVAX) is generating excitement in the crypto community with a potential breakout signal. Prominent analyst World of Chart has identified a bullish technical pattern that could propel AVAX prices significantly higher in the coming days. Related Reading: PEPE Primed For A Big Leap: 80% Price Increase Incoming? Falling Wedge Pattern Hints At Upside World of Chart points to the presence of a “falling wedge” pattern on AVAX’s price chart. This pattern typically forms during a consolidation phase, with price action confined between two converging trendlines that slope downwards. $Avax Forming Falling Wedge Incase Of Breakout Expecting Upside Continuation Successful Breakout Can Lead Massive Rally In Coming Days#Crypto #Avax pic.twitter.com/YJHJYarrSw — World Of Charts (@WorldOfCharts1) May 5, 2024 The key aspect of this pattern lies in the diminishing price range within the wedge, suggesting a buildup of buying pressure. A breakout from the upper trendline is often interpreted as a bullish signal, indicating a potential reversal of the downtrend and the start of a price surge. Avalanche Poised For Takeoff? AVAX might see a significant upswing if it is able to break above the upper trendline of the falling wedge, according to World of Chart. Following the breakout, there may be a substantial price increase as a result of this ascent, which would confirm the bullish formation. The expert draws attention to the possibility of significant momentum and an explosive upward advance. Total crypto market cap currently at $2.3 trillion. Chart: TradingView The possibility of an AVAX breakout has ignited discussions and speculation among crypto investors and traders, particularly those who actively follow technical analysis. Related Reading: XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation? Investor Caution Advised Despite Bullish Outlook While the potential for a bullish breakout is high, World of Chart emphasizes the inherent volatility and uncertainty of the cryptocurrency market. External factors beyond technical analysis can significantly impact price movements. Technical Indicators Paint A Positive Picture Beyond the falling wedge pattern, other technical indicators seem to be adding weight to the bullish narrative for AVAX. The recent price increase of over 16% in a single week suggests a potential shift in investor sentiment. Additionally, the impressive surge in trading volume signifies heightened market activity and growing investor interest in AVAX. Source: Coingecko Related Reading: 900 Million Telegram Users Send TON Token Soaring 15% – Details Eyes On The Prize: Will Avalanche Deliver? The coming days will be crucial, with all eyes glued to the price action and any signs of a breakout. A successful breakout could lead to significant gains for AVAX holders, while a failed breakout could dampen investor enthusiasm. Featured image from Pexels, chart from TradingView
The post Ethereum Displaying Strength Against Bitcoin, Will Altcoins Outperform BTC in the Coming Days? appeared first on Coinpedia Fintech News
The weekend was expected to be slightly volatile but the sluggish behaviour of Bitcoin compelled the other major altcoins to remain stuck within a region. The token has held on to crucial support, which suggests the bulls are preparing for the next move. In the meantime, the second-largest crypto, Ethereum, has been displaying acute strength …
The post Top Altcoins To Turn $1 Into $10 This Week appeared first on Coinpedia Fintech News
Last week brought a bullish comeback to the market as BTC price witnessed massive buying demand and surged toward the $65K mark. Though the dominance of BTC is currently rising, any minor pullback might trigger top altcoins to turn $1 into $10 this week. Reversal For Altcoins Amid Bearish Pressure Last week, Bitcoin’s market dominance …
The post BTC Price Continues to Trade Within Narrow Range: Here’s Why There Is No Growth After the Bitcoin Halving appeared first on Coinpedia Fintech News
Crypto markets are super volatile at the moment. Although the prices of the popular tokens remain within a descending trend, the likelihood of a fine upswing continues to hold upright. The start of the year was extremely bullish, as the markets were screaming for more upside. Further, two months down the line, the altcoins went …
Arthur Hayes, the co-founder and former CEO of BitMEX, recently shared his thoughts on the current Bitcoin price action. He stated that the flagship crypto has hit a local low and predicted what its future trajectory will look like. Related Reading: Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook Hayes Says Bitcoin Has Bottomed In a recent blog post, Hayes mentioned that Bitcoin hit a local low when it dropped to around $58,600 earlier this week. As such, he doesn’t foresee the flagship crypto dropping below that price range again anytime soon. Instead, he predicts that Bitcoin will rally above $60,000 (which it already did) and “then range-bound price action between $60,000 and $70,000 until August.” Hayes also suggested that Bitcoin’s recent decline was due to several factors, including the Fed rate decision, the Bitcoin halving sell-the-news event, and the slowdown in the demand for US Spot Bitcoin ETFs. He also used the opportunity to touch on the recent Fed and Treasury policy announcements, which he believes will significantly impact crypto. Hayes claimed those announcements meant the government would likely resort to money printing soon enough. He believes the potential injection of liquidity into the US economy will “dampen negative price movement” in the crypto market. As such, he expects that prices will “bottom, chop, and begin a slow grind higher.” Hayes’ projections are similar to crypto expert Michaël van de Poppe, who recently predicted that Bitcoin will likely consolidate for a few months. Interestingly, Van de Poppe also alluded to the Fed’s recent policies, noting that a Quantitative Easing is close, which would be bullish for Bitcoin. However, Hayes sounded apprehensive of the long-term effects of the recent monetary announcements, noting that they had an inflationary nature. Therefore, although more money is expected to flow into the crypto market with the Fed’s decision, it could cause inflation to skyrocket. This would eventually lead to higher interest rates, negatively affecting risk assets like Bitcoin. Bitcoin is now trading at $63.160. Chart: TradingView Arthur Hayes’ Trading Strategy Going Forward The MEXC co-founder said he would buy Solana and “doggie coins for momentum trading positions.” For long-term “shitcoin positions,” he mentioned that he would increase his allocations in Pendle while identifying other tokens that he considers undervalued. Basically, he plans to use this month to increase his exposure. Once he had done that, he remarked that he would wait for the market to “appreciate the inflationary nature of the recent US monetary policy announcements.” Related Reading: Shiba Inu In Danger Zone: 15% Price Crash Incoming? Meanwhile, as to what doggie coins Hayes might be accumulating, Dogwifhat (WIF) is likely one of them, considering he once mentioned that he would load up on WIF as Bitcoin bottoms out. Featured image from Pexels, chart from TradingView
The post Why is The Shiba Inu (SHIB) Price Is Up Today? appeared first on Coinpedia Fintech News
With significant developments over the week, Shiba Inu has reclaimed its $0.00002501 level. In the last 24 hours, Shiba Inu’s market value reached $0.00002501. The crypto asset saw a 9.4% uptick from the previous day’s low of $0.00002266. As a result of the bullish market, Shiba Inu managed to recover all the losses incurred this …
The post Bitcoin, Ethereum, And XRP Price Prediction: A Bullish Rebound This Week? appeared first on Coinpedia Fintech News
After recording a bloodbath in the cross-border markets, the cryptocurrency industry has displayed a sign of relief by adding more than $230 Billion in its valuation within the past four days, indicating an increase in the inflow within the crypto space. Furthermore, top altcoins have displayed a successful bullish reversal in their respective portfolios by …
The price of Shiba Inu (SHIB), the self-proclaimed “Dogecoin killer,” has been caught in a technical tug-of-war, with bears attempting to push it lower and bulls clinging to signs of hope. Analysts are scrutinizing the memecoin’s chart pattern and on-chain data to decipher its next move. Related Reading: Is MATIC Poised For Takeoff? Key Area Breaks Records, Fueling Bullish Outlook Descending Triangle Looms: Will SHIB Fall Or Fly? A descending triangle formation has emerged on SHIB’s 3-day chart. This pattern typically indicates a potential price decline, as the asset’s price gets squeezed between converging support and resistance lines. The big question for SHIB holders: will the price break below support and continue its descent, or will it defy gravity and break out of the triangle, sparking an uptrend? Falling Demand Raises Concerns For Shiba Inu Adding fuel to the bearish fire, SHIB has witnessed a significant drop in demand. Data from Santiment reveals a worrying trend: the daily active addresses for SHIB have plummeted by more than 50% over the past month. This suggests a shrinking user base and potentially lower trading volume, which can put downward pressure on the price. Source: Santiment New Investors Give SHIB The Cold Shoulder Further dampening spirits is the sharp decline in new addresses joining the SHIB party. According to on-chain data, the number of new addresses created daily to trade SHIB has nosedived by 51% in the same period. This lack of fresh blood entering the market could exacerbate the selling pressure. Shiba Inu is currently trading at $0.000024. Chart: TradingView SHIB’s High Valuation: A Recipe For Sell-Off? Another factor causing concern is SHIB’s Market Value to Realized Value (MVRV) ratio. This metric compares the current market price with the average acquisition price of all SHIB tokens. Currently, SHIB’s MVRV ratio sits at a lofty 38%. When this ratio is high, it suggests the asset might be overvalued, potentially triggering existing holders to cash in on their profits and contribute to a sell-off. SHIB monthly price action. Source: CoinMarketCap A Silver Lining? Despite the prevailing bearish sentiment, a glimmer of hope flickers for SHIB. The coin’s weighted sentiment has surprisingly turned positive recently, indicating a shift in market perception. This newfound optimism could translate into a price breakout, defying the descending triangle’s bearish implications. Related Reading: Bitcoin Update: $120 Million Futures Liquidated As Price Takes A Beating Can Bullish Sentiment Propel SHIB To Higher Ground? If the positive sentiment persists, analysts predict a potential price surge for SHIB, reaching $0.00003. This would be a welcome change for investors who have witnessed a recent price slump. Meanwhile, SHIB’s Fibonacci retracement level shows that the memecoin’s price may drop further 15% to trade at a low of $0.000018 if the bears continue to put pressure on it and it falls below support. SHIB investors now have more cause for concern as this underscores the possible repercussions of a bearish breakthrough. Featured image from Pexels, chart from TradingView
The post Bitcoin Recovers Finely, Yet the Bearish Clouds Haunt the BTC Price Rally! appeared first on Coinpedia Fintech News
Ever since the BTC price failed to hold at the higher resistance zone above $70,000, the bears have controlled the rally to a large extent. A significant pullback follows every bounce as the market participants show their distrust over the rally by extracting profits very frequently. This constant clash between the bulls and the bears …
The post ChatGPT Predicts A 2x Surge in SHIB Price With This Breakout appeared first on Coinpedia Fintech News
As the crypto world strives to reposition in a bullish stance after a huge bearish hit, the meme coins are on a path to recovery. While the low-cap memes are on a quick rise, the SHIB price trend projects a morning star reversal, slow to pick momentum. With high anticipations of a reversal turned breakout …
The post Will The Meme Coins PEPE, BONK and FLOKI Jump 2x in May? appeared first on Coinpedia Fintech News
The falling price of Bitcoin takes a reversal from $56,000 for a 1.45% jump last night and sustains the momentum for a 1.14% intraday jump at press time. With this recovery, the meme coins amplify the bullish sentiment with a sector-wide recovery. As the top coins of this sector, DOGE and SHIB, find a place …
The post L2 Tokens Soars As Optimism (OP) Price And Axelar (AXL) Price Surge! Eyes 30% Pump This Week? appeared first on Coinpedia Fintech News
The cryptocurrency industry continues to display an increase in price volatility with mid-cap and low-cap altcoins recording the highest price fluctuations, highlighting an increase in the buying and selling pressure for these tokens within the crypto space. Furthermore, Layer-2 projects have experienced a significant uptrend in their respective portfolio over the past few days, indicating …