Crypto analysts are eyeing a bull run in the price of Aelf. Thanks to the coin’s strong technical and fundamentals, experts are expecting a huge jump to $10. The price charts of Aelf are continuously moving upwards. While reacting to the market conditions, Aelf got into a slight downward trend last week, but the coin The post Alef Price Analysis : Can $Elf Coin Rally to $10 Milestone? appeared first on CoinGape .
Signs of resilience on AVAX's charts could mean a lot of things for the altcoin.
Bitcoin (BTC) has been on a tear recently, hitting multiple all-time highs (ATH) levels since Donald Trump emerged victorious in the 2024 US presidential elections. Although the top cryptocurrency has witnessed a slight pullback in the past 24 hours, rebounding to an earlier price level could spell trouble for the bears. Bitcoin Bears Could Be Under Trouble According to analysis shared by crypto analyst Ali Martinez on X, more than $800 million is at risk of liquidation if the flagship digital asset reclaims the $93,000 price level. Notably, BTC’s current ATH stands at $93,477. Related Reading: Binance Dominates As Bitcoin Futures Volume Hits New Peaks Amid Historic Price Rally At the time of writing, BTC is trading at $89,480, down 1.9% in the past 24 hours. On the 4-hour chart, BTC’s next prominent support level appears to be around the $86,000. The digital asset has already tested this support level three times, and a further dip to this price could send BTC tumbling toward $81,600, its next major support. If BTC fails to hold above $81,600, a decline to $79,700 may follow. While a lower BTC price would favor the bears, a reclaim of the $93,000 level could severely hurt them. Such a move would risk over $800 million in liquidations, potentially forcing bearish traders to capitulate. Data from Coinglass shows that contracts worth more than $508 million were liquidated in the past 24 hours. Of this, $355 million were long, while $153 million were short. A recent analysis by prominent crypto analyst @CryptoKaleo suggests that Martinez’s warning for bears may be justified. According to @CryptoKaleo, BTC could retrace to $86,000 before embarking on another rally to set new ATHs – possibly beyond $100,000. The analyst stated: Just a little dip and a bit more ranging then send to $100K+. Honestly think this is the best case scenario for alts if we somehow get it. Would look for outperformance while BTC is accumulating around $90K. What’s Behind BTC’s Run? Multiple factors have contributed to BTC’s historic price action, including the halving earlier this year, the approval of Bitcoin exchange-traded funds (ETFs), and rising institutional adoption of the digital asset. Related Reading: Bitcoin ETFs Surpass 1 Million BTC Holdings In Less Than A Year Since Launch – Details Inside However, Trump’s win in the 2024 US presidential elections – a result seen as pro-crypto – served as a major catalyst for BTC’s surge. Since Trump’s victory on November 5, BTC has climbed from around $69,000 to a high of $93,000, recording gains of more than 30% in just 10 days. Despite this impressive price rally, experts suggest that BTC may have further room to grow. For instance, a recent research report predicts that BTC’s bullish momentum could continue until mid-2025 when it is expected to peak. Additionally, relatively low profit-taking during this bull run could further propel BTC to new heights. However, bulls should remain cautious of a significant CME gap around the $78,000 level, which could be a magnet for price correction. At the time of writing, the total cryptocurrency market capitalization stands at $2.904 trillion, reflecting a 3.7% decline over the past 24 hours. Meanwhile, Bitcoin dominance is at 60.97%, underscoring BTC’s continued strength in the market. Featured image from Unsplash, Charts from X, Coinglass, and Tradingview.com
Ripple's XRP is dusting itself off thanks to a rally that seems to be destined for the psychological price of $3.
Will Jito price hit $10? Check out the latest price analysis, future prices, and background of JTO in Jito Price Prediction and make that portfolio decision.
The post Mantra (OM) Price Hits New Highs: Bullish Indicators Signal Further Gains appeared first on Coinpedia Fintech News Mantra (OM) has recently surged to new all-time highs, gaining nearly 20% in the past week, driven by a strong bullish trend. The technical indicators point to continued upward momentum, signaling the possibility of further price gains in the short term. Mantro (OM) though an underdog has performed well in the past few weeks making …
Ripple (XRP) has surged past the $1 mark for the first time since 2021, a significant milestone reflecting a positive trend in the cryptocurrency market. The increase is attributed to
Musk’s legal team informed a Manhattan federal judge that both parties had agreed to withdraw their respective motions, thus ending the two-year-old litigation.
Meme coins like Dogecoin and newcomer XYZ are surging, with XYZVerse uniting sports fans and aiming for massive growth.#partnercontent
Meme coins like Dogecoin and newcomer XYZ are surging, with XYZVerse uniting sports fans and aiming for massive growth.#partnercontent