Bitcoin (BTC) is edging closer to the $70,000 milestone after retesting $66,000 on Friday.
Can Bitcoin hit $100,000 in post-halving rally? Our Bitcoin price prediction aims to answer with in-depth analysis of market sentiment.
Changpeng Zhao, founder of Binance, has been released from prison. CZ plans to focus on philanthropy and education in his future endeavors. Continue Reading: Changpeng Zhao Celebrates Release and Plans Future Ventures The post Changpeng Zhao Celebrates Release and Plans Future Ventures appeared first on COINTURK NEWS .
Top US-based crypto exchange Coinbase believes digital assets are just warming up for big rallies in the months ahead. In a new research report, Coinbase Institutional says the recent change in the macroeconomic backdrop suggests that Bitcoin (BTC) and crypto are primed for a Q4 surge. Coinbase says the Fed and the People’s Bank of The post Coinbase Sees More Bitcoin and Altcoin Rallies in Q4 Amid Favorable Macro-Economic Outlook appeared first on The Daily Hodl .
ADA has experienced a strong uptrend over the past week hiking by 13.73%. However, fundamentals suggest an upcoming reversal.
BONK is currently facing turbulent waters as a sharp decline casts a shadow over its recent price performance. After a period of impressive gains, the recent downturn is raising concerns about an impending correction, with mounting selling pressure suggesting that the bullish momentum may be waning. As the market sentiment shifts, the crypto community is left wondering how low BONK could go and whether it can regain its footing. With uncertainty in the air, this analysis aims to analyze the recent sharp decline of BONK and explore the implications for its future price action. By examining key technical indicators, market sentiment, and trading patterns, we aim to assess the likelihood of an impending correction. This piece will provide insights into potential support levels and resistance points, enabling traders and investors to make informed decisions in the face of uncertainty. Recent Performance: Analyzing The Decline Recently, BONK’s price has turned bearish on the 4-hour chart, retracing toward the 100-day Simple Moving Average (SMA) and moving above the $0.00001792 support level. The drop from the overbought zone may signal that traders are taking profits or that buying enthusiasm is diminishing resulting in the pullback. An analysis of the 4-hour Relative Strength Index (RSI) reveals that the signal line has decreased to 66%, retreating from the overbought territory. This decline suggests a shift in market momentum, indicating that buying pressure is beginning to wane. A retreat from the overbought zone often signals that the market may be experiencing a correction, as traders who bought during the bullish run might start to take profits. Related Reading: BONK About To Enter 3rd Wave, Analyst Reveals Next Target Furthermore, on the daily chart, BONK is exhibiting negative momentum, as evidenced by the formation of a bearish candlestick, even while trading above the 100-day SMA. This situation reveals a possible contradiction in market sentiment. Should selling pressure continue and BONK is unable to maintain its position above the 100-day SMA, it may lead to a more significant price correction. Finally, on the 1-day chart, the RSI has climbed above 50% and currently sitting at 73%, reflecting strong optimistic sentiment and buying pressure. Although this points to more price gains, the closeness to the overbought zone increases the chance of a reversal if buying slows down. Predictions For The Price Trajectory Of BONK With technical indicators suggesting an impending pullback, BONK may face a decline in price toward the $0.00001792 level. If this support is breached, it could open the door to further losses, potentially pushing the price down to $0.00000942 and other lower ranges. Related Reading: Bonk Inu (BONK) Skyrockets 10%, Dethroning WIF As Solana’s Largest Meme Coin However, if the bulls manage to mount a comeback and push the price above $0.00002320, the meme coin could continue its upward momentum toward the next resistance level at $0.00002962. A successful breach of this level may trigger additional gains, allowing the price to challenge other resistance levels above. Featured image from Shutterstock, chart from Tradingview.com
Boss Trump could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Boss Trump (BOSSTRUM), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because BOSSTRUM is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Boss Trump can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
After a laid-back farming session in Pixels last week, Regina cranks up the intensity with The Beacon, a dungeon-crawling NFT game Last week’s quick recap From last week’s gameplay, we played Pixels, a Web3 game set in a captivating world with vibrant pixelated characters and lush farms. Integrated with the Ronin blockchain, Pixels allows players
Rollblock presale raises $4M at $0.03, with analysts predicting a 200x surge in 2024, challenging XRP and Solana. #partnercontent
Rollblock presale raises $4M at $0.03, with analysts predicting a 200x surge in 2024, challenging XRP and Solana. #partnercontent