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“# Cardano chalks a bearish wedge as ADA price soars by over 100% in Q3 ” The latest rally in the Cardano (ADA) market has activated a classic bearish pattern that threatens to lower its prices by as much as 15%. Dubbed as a rising wedge, the textbook pattern forms when the price consolidates between upward…
“# Bloomberg strategist explains why 30-year US bonds have ‘bullish implications’ for Bitcoin ” Despite Bitcoin (BTC) slipping back below $50,000, more and more investors are likely to move their capital into Bitcoin and gold markets in the second half of 2021 (H2), asserted to Mike McGlone on Aug. 23, the senior commodity strategist at Bloomberg…
“# Polygon eyes record high as MATIC’s 150% price rally activates textbook bullish pattern ” A recent price rally in the Polygon (MATIC) market pushed its prices above $1.56 for the first time in more than two months. In detail, the MATIC/USDT exchange rate rose 20.65% in just two days to reclaim the June 17…
“# Cardano defies Peter Brandt’s 90% crash warning, ADA price doubles to new high ” Cardano’s native token ADA ignored a serious price crash warning to rally to a new all-time high. The ADA/USD exchange rate reached $2.56 for the first time on Aug. 20, following a 154.54% price boom that started on July 20….
“# Avalanche (AVAX) in ‘overbought’ zone after 100% gains in a week — Correction ahead? ” Avalanche blockchain platform’s native asset AVAX fell on Thursday as traders decided to secure their profits from its 100% upside move. The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting a brake…
“# Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bond purchases ” Bitcoin (BTC) prices briefly fell below $44,000 on Aug. 19 as the United States Dollar strengthened after the Federal Reserve policy minutes revealed their intentions to limit their bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD…
“# Bitcoin mining metric that has predicted every big BTC rally since 2020 is flashing again ” A Bitcoin (BTC) mining indicator that has preceded several major BTC price rallies is flashing again. Blockchain analytics platform Glassnode spotted a golden cross between the 30-day and 60-day moving averages of Bitcoin’s hash ribbon. In theory, such…
“# Solana price soars to new highs with DeFi project launch, $70M DEX funding ” Solana blockchain’s native asset, SOL, soared to a new record high on Monday. The SOL/USD exchange rate rose by 26.12% to $65.467 on the Binance exchange after traders assessed a flurry of infrastructural developments in the Solana ecosystem, including a…
“# XRP chart triggers sell-off warning after price explodes by 54% in one week ” XRP price almost surged to its three-month high following a strong uptrend continuation on Aug. 14. Nevertheless, its wild weekly run-up triggered overvaluation risks, thus raising possibilities of an imminent price pullback. In detail, the XRP/USD exchange popped 11.78% higher to…
“# Bitcoin ‘sell the rally’ indicator flashes again as BTC price breaks below $45K ” A Bitcoin (BTC) on-chain indicator that spotted dead cat bounces during the yesteryear bearish market corrections has flashed again in August 2021. Dubbed as “Bitcoin: Short Term Holder NUPL,” the indicator takes into account the unspent transaction output, or UTXO,…