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“# Ethereum price risks losing $4K on ‘rising wedge’ breakout fears ” A selloff in Ether (ETH) on Nov. 16 has increased the chances of ETH’s price falling below $4,000. ETH plunged 10% to around $4,100 on Tuesday, amid an ongoing market correction led by Bitcoin (BTC). In doing so, Ether dropped below its fourth-quarter…
“# Litecoin grapples with ‘double top’ risks after LTC price rallies 37% in November ” A 37% November price rally in Litecoin (LTC) risks exhaustion as the “silver cryptocurrency” hints at forming a double top chart pattern. The classic bearish reversal setup appears when the price forms two consecutive peaks of almost the same height, with…
“# Look out below! Dogecoin risks further downside after a key support is tested ” Dogecoin (DOGE) is potentially at risk of losing critical support if the price falls from the ascending channel traded in for the last 53 days. Although technical analysis is not an exact science, a daily close below $0.26 will likely…
“# Ethereum ‘has to bounce’ as ETH bulls pin $5K rally hopes on critical support channel ” Ethereum’s native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers. The rising trendline has been triggering ETH’s price…
“# Blockchain service provider Nansen to integrate Solana data analytics ” Blockchain data provider Nansen has announced the planned integration of a Solana dashboard to provide extensive insights to institutional and retail investors seeking to identify emerging trends in the networks like decentralized finance (DeFi) and nonfungible token (NFTs) markets. Scheduled to commence in Q1…
“# Litecoin hits six-month high as LTC price soars 20% in 24 hours ” Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally…
“# Bitcoin price in classic ‘Bull Pennant’ breakout as BTC whales go on buying spree ” Bitcoin (BTC) has the potential to rise toward $75,000 by the end of this year as it breaks out of a classic bullish pattern and picks additional upside cues from its richest investors’ recent accumulation spree. Bitcoin Bull Pennant…
“# Ethereum back in price discovery as ETH approaches $5K ” Ethereum blockchain’s native asset, Ether (ETH), touched a new record high on Nov. 8, supported by a rally across the top cryptocurrencies ahead of a key United Stat inflation report this week. ETH’s price rose by 3.30% in the past 24 hours to $4,770…
“# Solana surpasses Cardano, Tether to become fourth-biggest crypto worth $76 billion ” Solana (SOL) surpassed Cardano (ADA) and leading stablecoin Tether (USDT) to become the fourth-largest cryptocurrency by market capitalization. At press time, the net worth of total SOL tokens in circulation was a little over $76 billion, falling only behind Binance Coin’s (BNB)…
“# Bitcoin on-chain metric suggests 2017-style bull run will continue ” Bitcoin’s (BTC) pullback from its record high of $67,000 to below $60,000 has not deterred bulls from eyeing another peak level ahead, per an indicator that attempts to predict market bottoms and tops. Dubbed MVRV, the risk metric represents the ratio of Bitcoin’s market…