Author: NBTC
Ethereum, which has seen a significant jump in long-term holders in 2024, could potentially rally to as high as $6,000 in Q1 2025, according to analysts. In a Dec. 29 X post, CryptoBullet, who has over 152k followers, noted that Ethereum is in the process of forming a bull pennant pattern on the 1-day ETH/USDT chart. He expects this pattern to be completed in the coming months, potentially leading to a massive surge to as high as $6,000 within Q1 2025. In technical analysis, a bull pennant pattern forms after an asset experiences an uptrend and typically indicates a potential…
A whale’s move to acquire huge amounts of Fantom (FTM) tokens has garnered interest from market participants. That is according to data shared by Spot on Chain today December 7. The on-chain analytics platform spotted a big whale who spent 420 Lido wstETH tokens ($2 million) to buy 1.47 million FTM tokens in a single transaction. The big investor capitalized on price volatility, bought Fantom hoping for a potential price rise. A big whale spent 420 $WSTETH ($2M) to buy 1.47M $FTM in a single transaction 2 hours ago!Notably, over the past 6 days, this whale has spent a total…
The recent rise in Bitcoin may have entered a temporary pause, but Frank Speiser, CEO of predictive trading platform Metafide, continues to speak assertively about BTC’s long-term prospects. Speiser outlined his prediction that Bitcoin could reach $250,000 by the end of 2025 and $500,000 by the end of 2027. According to Speiser, Bitcoin’s scarcity is becoming a major factor determining its price potential. “Right now, there’s not enough Bitcoin to meet demand,” Speiser said, adding that record inflows into Bitcoin ETFs and increasing institutional interest are important factors. He also pointed to the U.S. government’s plans to set up a…
Ethereum continues to face challenges as it struggles to reclaim the $3,500 level, a critical threshold for reaching $4,000. Worsening market conditions are compounding the altcoin’s difficulties, reducing the likelihood of a near-term recovery and leaving investors uncertain about the price trajectory. Ethereum Losses Mount Recent Ethereum network transactions have been dominated by losses rather than profits. Many investors are panic selling their holdings, particularly short-term ones, in an attempt to secure gains or reinvest during dips. However, these actions often result in missed opportunities, exacerbating the downturn. This behavior highlights the broader lack of confidence among investors. The tendency…
XRP remains one of the success stories of the current cryptocurrency market rally, having broken out of a prolonged consolidation zone that had cast doubt on the asset’s sustainability. The XRP price resurgence has gained traction as the asset maintains a diverse distribution of tokens across institutional custodians, exchanges, and individual accounts. As of press time, XRP was valued at $2.52, rallying by over 5% in the last 24 hours. On the weekly chart, the Ripple-affiliated digital asset has gained over 33%. Looking at the asset’s distribution, out of the maximum supply of 100 billion XRP, approximately 57 billion XRP…
Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart. This development might be the bullish momentum needed to eventually break past the $100,000 price threshold. However, the anticipated breakout is not just above $100,000, but a run that would send the cryptocurrency to $145,000. Bullish Pennant Emerges On Bitcoin Price Chart Recent price action in the past 24 hours has seen…
Ethereum recently found stability at the $3K support region after facing substantial selling pressure, leading to a consolidation phase. A golden cross on the daily chart further signals the potential for a mid-term bullish rebound, suggesting optimism in the market’s outlook. Technical Analysis By Shayan The Daily Chart Ethereum’s price action has been marked by increased volatility, particularly after its rejection at the $4K resistance level. This decline pushed the asset below the crucial $3.5K threshold, ultimately finding strong support at the $3K zone. This level holds considerable significance due to the confluence of demand and the alignment of the…
Reserve Rights (RSR) token jumped 136% in 24 hours, reaching $0.02518, after Paul Atkins was nominated as the next SEC Chair. Its market value grew to $1.17 billion, and trading volume increased significantly. Although the price dipped slightly due to large transactions, RSR is still trending upwards, with strong market activity. The Reserve Rights (RSR) token has experienced a remarkable surge of 136% in the past 24 hours, reaching a price of $0.02518, the highest since early 2022. The spike in RSR’s price follows a major news event involving the U.S. Securities and Exchange Commission (SEC). Impact of SEC Chair…
Cryptocurrency analytics firm MarktQuant has outlined the critical levels in Bitcoin’s price trajectory and outlined the key areas that investors should closely monitor. The firm’s latest analysis highlights the importance of the $98,400 resistance level for bullish momentum, as well as potential support levels that could trigger significant market reactions. According to MarktQuant, the biggest challenge for Bitcoin is the resistance at $98,400. The price needs to break out of this level to resume the uptrend. Failure to do so could lead to a pullback and potentially test support in the $90,000-$92,000 range. BTC price is trading at $97,500 at…
Ethereum (ETH) price is moving sideways, above the $3,200 support but below the moving average lines. Cryptocurrency price analysis brought by Coinidol.com. Long-term analysis of the Ethereum price: bearish The bears and bulls are fighting over prices in the bearish trend zone. Today, Ether price is rising as it approaches the 50-day SMA resistance. A break above the moving average lines will propel the altcoin higher. However, altcoin’s rise is uncertain as it is trading in the downtrend zone. The bears have an advantage in price control as Ether is trading in a bearish trend zone. On the negative side,…