Ethereum broke out of its sideways range on July 21, eventually establishing a quarter-to-date high at $280.76. The breakout move also confirmed a Bullish Flag pattern, a continuation signal that occurs as a brief pause following a significant price move higher. It has now set Ethereum en route to its ideal price target near $350.…
Bitcoin saw a notable upswing yesterday that allowed it to put some serious distance between its current price and its recent low. The benchmark cryptocurrency is starting to show signs of breaking its bout of incredibly low volatility. However, it has yet to shatter the upper boundary of its macro trading range, which sits at…
Ethereum incurred a strong impulse higher yesterday that allowed it to shatter through the upper boundary of its macro trading range between $230 and $250. This allowed the cryptocurrency to completely alter its technical trajectory, as analysts are now noting that it could be poised to push significantly higher in the days and weeks ahead.…
Investing in Bitcoin is a wild and bumpy ride. Some choose to “HODL,” while others decide to trade the normally volatile crypto asset. Both are subject to extreme fluctuations in price, however, traders can turn market sentiment into a profitable trading signal. Here’s how the cryptocurrency market fear and greed index can be used as…
The number of active Ethereum addresses rose by 100 percent in 2020, according to data fetched by Messari. The volume picked momentum on signs of growth within the decentralized finance sector (DeFi). Meanwhile, the ETH/USD exchange rate also grew higher, breaking above $250 for the first time since February 2020. Ethereum addresses that either send…
Bitcoin’s recent jump above $9,500 has increased its probability of testing $10,000 in the coming sessions, according to an analyst. He also noted that traders would first target $9,785 as their interim resistance level. Bitcoin leaped over the $9,500-mark on Wednesday and it now eyes extended its bullish momentum into the six-figure region. The benchmark…
XRP is often the butt of many jokes across the crypto space due to general distaste toward the altcoin and years of underperformance. But one of the biggest running jokes going is a call made for $589 per token, considered a mathematical impossibility. However, could Ripple eventually reach other, more reasonable targets based on math…
Bitcoin and the aggregated crypto market are currently stabilizing following the turbulence seen yesterday. This volatility allowed Bitcoin to break out of its tight trading range and secure a position above its previous range highs of $9,300. Concurrently, most altcoins shed some of their value. Now that the dust has settled and BTC is entering…
BAND, the native token of the Band Protocol, rose by as much as 384 percent in the third quarter. The supersonic price rally appeared amid the ongoing DeFi craze – and also following Band’s growth-oriented partnerships. Nevertheless, the BAND/USD pair stands overbought, which points to an imminent downside correction ahead. An explosive buying spree in…
Ripple is trading nicely above the $0.1950 support zone against the US Dollar. XRP price is likely to start a strong rally (similar to bitcoin) if it clears the $0.2000 resistance. Ripple price is trading well above the $0.1900 and $0.1920 support levels against the US dollar. The price is currently stuck near the $0.2000…