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Showing posts with the label bullish trend

Key XRP price levels to watch as final shakeout remains in play

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XRP is back in familiar territory, trading below the $3 zone, but an analyst suggests the asset is likely to see renewed momentum after a short-term correction. At press time, XRP was changing hands at $2.97, down 1.2% in the past 24 hours, though it remains up more than 4% on the weekly chart. XRP seven-day price chart. Source: Finbold According to pseudonymous cryptocurrency analyst CoinsKid , XRP is facing long-term resistance at $3.37, which marks the upper boundary of its current range.  A decisive breakout above this level could trigger price discovery and open the door for further upside. Until then, XRP remains in consolidation, with the possibility of retesting support levels before any breakout attempt. XRP price analysis chart. Source: TradingView On the downside, immediate support sits at $2.73, while a deeper pullback could extend to the $2.37 zone, identified as a critical level for a potential final shakeout. A failure to hold there could bri...

Injective Targets $25 Amid Crucial Breakout Attempt – New Highs In Sight?

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BONK Rallies 109% While Market Rally Fizzles Out

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The cryptocurrency market rally seems to be dimming out. Bitcoin (BTC) climbed to a new all-time high of $122,838 on July 14, but has since fallen to the $117,000 level. Most other assets are following BTC’s trajectory on the daily charts. Bonk (BONK), however, continues to trade in the green zone across the board. The memecoin is up 10.4% in the daily charts, 26.9% in the weekly charts, 109.7% in the 14-day charts, and 96.9% over the previous month. The coin’s price has also risen by 20.5% since July 2024. Source: CoinGecko Will BONK’s Rally Outshine The Larger Market Upswing? Source: Decrypt It appears BONK has yet to face a dip, while other assets are already in a downtrend. The project’s “memecoin” status may have something to do with its performance pivoting from the larger market. Memecoins are heavily subject to speculation. Online buzz plays a large role in the price swings of meme tokens. BONK’s rally is likely due to the team announcin...

Fartcoin Price Prediction: As FARTCOIN Plunges 8%, Investors Pivot To This New Innovative Crypto To Gain Diversified Exposure To The Volatile Meme Coin Space

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The Fartcoin price has plunged 8% in the last 24 hours to trade at $1.70 as of 11:26 p.m. EST on a 22% drop in trading volume to $525 million. Fartcoin Price Could Recover The FARTCOIN price on the 4-hour timeframe earlier formed a rounding bottom pattern, and capitalized on it to soar over the $1.56 resistance. However, after the breakout, the Fartcoin price has retraced sharply, currently sitting around $1.70. It appears that the price of FARTCOIN is testing previous resistance, now turned into support, around $1.56, according to GeckoTerminal data .  The retest of this level is critical, as maintaining it could indicate a continuation of the bullish trend. The price of Fartcoin now trades well above both the 50-period and 200-period Simple Moving Averages (SMAs) on the 4-hour chart, which suggest FARTCOIN could still enter into a bullish move. Meanwhile, the Relative Strength Index (RSI) is at 49.36, hovering near the neutral 50 level. This shows that momentum is neither ...

Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis

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The Dogecoin price prediction renews the bullish trend after touching the 9-day moving average and hitting a daily high of $0.406. Dogecoin Prediction Statistics Data: Dogecoin price now – $0.430 Dogecoin market cap – $58.77 billion Dogecoin circulating supply – $146.90 billion Dogecoin total supply – $146.90 billion Dogecoin Coinmarketcap ranking – #7 Dogecoin (DOGE) is a prime example of the rewards of early involvement in crypto projects. Trading between $0.3815 and $0.4159 in the past 24 hours, DOGE remains significantly below its all-time high of $0.7376 (May 8, 2021). However, its meteoric rise from an all-time low of $0.00008547 (May 7, 2015) to current levels represents a staggering 464,612.9% increase, showcasing the potential of spotting and holding promising projects early. Despite being 46.15% below its peak, DOGE’s growth story emphasizes why timing and patience are crucial in the crypto space. DOGE/USD Market Key Levels: Resi...

Cardano Price Prediction: ADA Jumps 10% As Charles Hoskinson Hints At Crypto Policy Role After Trump Win, And This PolitiFi Token Raises Over $466K In Presale

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The Cardano price soared 10% in the last 24 hours to trade at $0.5893 as of 12:30 a.m. EST on a 216% pump in trading volume to $6 billion. The ADA price pump came after Charles Hoskinson said in a YouTube live stream that he’d be spending ”quite a bit of time with members of the administration” to help craft crypto policy. The incoming administration of incoming president-elect Donald Trump has not announced a role for Hoskinson. Cardano Price Spikes In A Parabolic Curve The ADA/USD pair on this 4-hour chart shows a strong bullish trend following a long period of consolidation. The price is around $0.5933, with a recent parabolic rise indicating substantial buying interest. After trading in a tight range for an extended period, the price broke out with a steep upward curve, suggesting that momentum has shifted decisively in favor of the bulls. The moving averages add further weight to this bullish outlook. The 50-period moving average (blue line) is at$0.4053, a...

Is It Too Late To Buy GRASS? Grass Price Skyrockets 27% And This Might Be The Next Crypto To Explode

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The Grass price has skyrocketed 27% in the last 24 hours to trade at $2.46 as of 3:25 a.m. EST on a 56% pump in trading volume to $173 million. Grass Price Continues The Uptrend After A Short Correction The GRASS/USD pair on a 1-hour timeframe shows a strong bullish trend, highlighted by a series of bullish technical patterns. Around November 6, the price formed a bullish wedge pattern, which led to a breakout as the price action developed a parabolic curve, indicating increasing buying momentum and accelerated gains. Parabolic moves indicate strong demand, but they can also foreshadow a potential pullback if the curve becomes too steep. Key moving averages reinforce this bullish sentiment, with the 50-simple moving average (SMA blue line) currently providing support around $1.98, and the 200-hour moving average (green line) further below at approximately $1.49, indicating a robust long-term uptrend. GRASSUSD Analysis Source: Dextools.io Technical indicators such as th...

Hamster Kombat Price Prediction: HMSTR Bounces Back With 4% Pump As Experts Say Consider This Presale With A 874% APY

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The Hamster Kombat price surged 4% in the last 24 hours to trade at $0.006735 as of 10:44 p.m. EST on trading volume that plunged 67% to $344 million. This comes even as players slammed the project’s airdrop, with frustrations erupting on social media platforms. You gave me dust after 4 months I am killing hamsters, rats, rabbits or anything that looks like a hamster. It's hunting season. — Geoffrey Nwankpa (@GeoffreyNwankpa) September 26, 2024 Hamster Kombat distributed 60 billion HMSTR tokens, which is 60% of the token’s supply, through multiple tier-1 exchanges , including Binance, OKX, and BitGet. After wrapping up its distribution, can HMSTR rebound? Hamster Kombat Price Prediction: HMSTR Aims For A Rebound The Hamster Kombat price has been on a downtrend since its launch. The bears took control of the price around the $0.009203 resistance. However, the $0.006370 support allowed the price to trade within the symmetrical triangle. The rebound is confir...