[ad_1] Solana, like Bitcoin and Ethereum, remains bearish. Though prices are higher at spot rates, the downtrend remains. Looking at the candlestick arrangement, this preview will change once bulls push prices at least above $155 and, later, $190. Will SOL Soar To $2,800? While Solana soaks in the selling pressure of last week, adding 20% from June 2024 lows, some observers are upbeat, predicting more gains in the coming months. In a post on X, one analyst, citing SOL price evolution over the last few months, noted that the coin might outperform the broader market, ripping to at least $2,800…
Author: dfrancis36
[ad_1] Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to stay above the $56,500 support. Bitcoin Price Dips Again Bitcoin price struggled to clear the $59,500 and $60,000 resistance levels.…
[ad_1] QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility indicates that traders are preparing for larger price swings over the next few weeks. Additionally, the increasing number of…
[ad_1] Crypto analyst Sheldon The Sniper recently claimed this is the last chance to buy altcoins, suggesting a massive rally may be on the horizon. As part of his analysis, he mentioned crypto tokens that could perform well when the altcoin season returns and provided key entry points for those looking to get into these altcoins. Top Picks For Altcoin Season In a video on his YouTube channel, Sheldon mentioned XRP, Solana, Dogecoin, Injective, and Avalanche as altcoins that he is looking to trade. He suggested that now might be a good time to start accumulating these tokens as he…
[ad_1] The Cardano blockchain has been relatively quiet since the beginning of July, alongside an ADA price consolidation. As per on-chain transaction data, Cardano whales have also been relatively quiet since the last week of June. Daily whale inflows have steadied under 5 million ADA since the beginning of the month, save for a recent spike earlier in the week. Particularly, on-chain data from IntoTheBlock indicate a recent 1,218% spike in daily whale inflows, a development that may signal the start of an ADA price uptick. Cardano Sees 1,218% Spike In Major Metric According to the Large Holders Inflow from…
[ad_1] Divided Sentiments: Bullish vs. Bearish Perspectives The survey showed that 49.3% of participants are bullish on the future value of cryptocurrencies, with this sizable cohort still seeing the potential for more gains and growth in the months ahead. Meanwhile, about a quarter have little hope but are divided more or less evenly into either being completely bearish and those only slightly in the bearish. At the same time, what is particularly striking about this survey result was more than a quarter of the participants had no or weak bias on either side—bullish or bearish outcomes. Crypto sentiment survey from…
[ad_1] A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data. Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings. “A whale/institution bought AAVE and UNI again [on Tuesday]. He deposited 4 million USDC to [crypto exchange] Kraken, then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently holds 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).” Aave is…
[ad_1] Hidden artist Mr. Black has been part of a controversy as his social media profile on X faces a ban. The enigmatic figure has gained recognition in the crypto community as a street artist and the main figure behind the highly expected 21,000-piece ordinal collection created on top of the Bitcoin network, the Messianic Age. According to Mr. Black, the efforts to promote the collection on the Elon Musk-owned social media X (previously known as Twitter) failed. Several users have been reporting difficulties finding posts about the collection, raising questions and controversy towards the Tesla CEO and X owner…
[ad_1] The Solana price has experienced a significant decline, mirroring the price action of major cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) over the past month. However, a crypto analyst has identified a significant parallel between the price movements of Ethereum in 2017 and Solana’s recent price performance. In a recent social media post, crypto analyst Marty suggests that these similarities could lead to a massive price increase for Solana in the coming months, potentially resulting in a 1,800% rally for the Solana price. Solana Price Set For Epic Comeback? After Solana’s explosive uptrend at the beginning of the year,…
[ad_1] MicroStrategy Inc. (NASDAQ:MSTR), the largest publicly traded corporate holder of Bitcoin, has announced a 10-for-1 stock split. This strategic move aims to make its shares more accessible to a broader range of investors and employees. The company’s shares have seen a remarkable surge of approximately 1,000% since it began purchasing Bitcoin in 2020, significantly outpacing the cryptocurrency’s own gains of over 500% in the same period. As of 10 am in New York, MicroStrategy’s stock rose 7.7% to $1,406. Michael Saylor’s Bitcoin Strategy Michael Saylor, the chairman and co-founder of MicroStrategy, initiated the company’s Bitcoin purchasing strategy as an…