Solana (SOL) experienced a bullish cross this week, propelling the price upward. If this momentum persists, a breakout appears likely. The only significant obstacle left is the resistance at $104, which is the final hurdle before SOL can reach new highs. Breakout Imminent?Yesterday, the price attempted to break above the…
Maker (MKR) experienced a remarkable rise in activity during the start of the year, with its price surging to $2,140, the highest level since April 2022. This upward trend resulted in monthly gains exceeding 50%, largely driven by significant accumulation from prominent wallet addresses. MKR’s Early 2024 Rally: Whale Accumulation…
Bitcoin’s price experienced a significant drop yesterday, fluctuating by over 10% in just 24 hours. While it has not yet broken below any critical support levels, analyzing the cause of this movement and its implications for the market is crucial as yesterday’s crash provides valuable technical insights. The Daily ChartOn…
As I do every year, I am forecasting the potential movements of Ethereum for the upcoming year, based on a thorough analysis of current market conditions, technical indicators, network upgrades, and broader economic factors that could influence its price movements. Ethereum stands as a cornerstone of the blockchain industry, playing…
Cardano’s native token, ADA, has shown remarkable growth recently, with its price skyrocketing by 75% in just the past two weeks. This surge has catapulted ADA to around $0.65, significantly outperforming many other cryptocurrencies and showcasing its strength in the current market environment. Factors Driving ADA’s Rise ADA’s recent rally…
Ethereum has displayed strong bullish signals, with the price retracing above the crucial resistance level of $2.1K and maintaining its upward momentum. This led to a new annual peak of $2.4K, indicating renewed bullish sentiment and increased demand among market participants. However, it’s essential to note that short-term corrections typically…
As I do every year, I am forecasting the potential movements of Bitcoin for the upcoming year based on a thorough analysis of current market conditions, technical indicators, network developments, and broader economic factors. With 2024 on the horizon, Bitcoin is in a strong position for potential growth, and the…
Bitcoin’s recent upward momentum encountered resistance at the significant $37K mark. Despite breaking this level, the market entered a consolidation phase, with the price oscillating between $37K and $35K. A breakout from this critical range will be pivotal in determining Bitcoin’s next move. The Daily ChartOn the daily chart, Bitcoin’s…
Zero-Knowledge Proofs (ZK) have become one of the most discussed concepts in the blockchain and crypto industry. This cryptographic innovation allows for the validation of information without revealing the actual data, providing a balance between transparency and privacy. Initially developed in the 1980s, ZK proofs have evolved significantly, with their…
Ethereum’s price has surged past the $2,000 mark once again, fueling optimism among investors. However, despite growing excitement around the possibility of a new bull market, caution is warranted due to potential short-term corrections that could follow such sharp movements. The Daily Chart On the daily timeframe, Ethereum has experienced…
Solana’s price has made a remarkable upward move, reaching a local high around $37. The market sentiment remains positive, with buyers in control, pushing Solana towards key resistance levels. The momentum has been strong, indicating that a continued rally is possible, and potential targets above the current price level remain…
Bitcoin’s price movements have started to reflect its increasing scarcity, and recent data underscores the trend. A significant portion of Bitcoin’s available supply is being held by long-term investors, indicating a bullish outlook for the cryptocurrency. Since mid-2021, long-term Bitcoin holders have ramped up their exposure to the asset, holding…