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Showing posts with the label support level

Here’s the key level Bitcoin must hold to claim $130,000 as ‘peak euphoria’ looms

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Bitcoin (BTC) could still reach the $130,000 mark, with the Market Value to Realized Value (MVRV) Extreme Deviation Pricing Bands highlighting a crucial range to watch for this milestone. According to on-chain analytics platform Glassnode , the metric suggests that as long as Bitcoin holds above the $110,000 support level, there is room for a renewed push toward an all-time high. Currently trading around $118,000, Bitcoin remains in a zone of growing optimism, but it has not yet reached the euphoric levels typically seen near market tops. Bitcoin MVRV pricing bands. Source: Glassnode The MVRV model, which compares Bitcoin’s current price to the average price at which coins were last moved, helps gauge whether the asset is overvalued or undervalued.  Since early 2023, Bitcoin has steadily climbed, typically gaining momentum after clearing major technical levels. The asset is now approaching a historical zone that has often preceded previous peaks. To bre...

Trader Says Dogecoin Competitor Headed to the ‘Gulag’ if Support Level Crumbles, Updates Outlook on Bitcoin and Hyperliquid

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A widely followed crypto analyst is warning that one Dogecoin (DOGE) competitor may suddenly collapse in value. In a new thread, pseudonymous crypto trader Altcoin Sherpa tells his 248,700 followers on the social media platform X that dogwifhat (WIF) needs to hold $0.78 as support or it may enter an enduring bearish phase. “WIF these levels need to hold here or its to the gulag for many of these shitcoins. Scary situation and many of these do have bearish market structures on the lower time frames.” Source: Altcoin Sherpa/X WIF is trading for $0.7791 at time of writing, flat on the day. Next up, the analyst shares a chart suggesting Bitcoin (BTC) is gearing up for a massive breakout toward a new all-time high of $124,000. “Everything is slow bleeding with BTC chopping. It’d be a shame…”. Source: Altcoin Sherpa/X He also says that he is remaining bullish on Bitcoin since the flagship crypto asset continues to exhibit market stren...

Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead?

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Bitcoin Price Could Run Up To $131,000 — But It Must Hold Above This Level

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

2 altcoins to buy for the end of April

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The 2025 market hasn’t been kind to most cryptocurrencies, as some of the biggest digital assets have suffered significant year-to-date (YTD) losses or, at best, traded mostly sideways. The most recent trading, however, provided a positive break from the prevailing trends, as cryptocurrencies proved relatively unfazed by the latest set of stock market shocks, and a handful of altcoins enjoyed strong rallies. Top April altcoin: Solana (SOL) After suffering a dizzying fall between late January and early April, which took it from approximately $250 to just above $105, Solana (SOL) has regained positive momentum. At press time, it is 11.71% up in the weekly chart and is changing hands at $133.67. SOL one-week price chart. Source: Finbold Simultaneously, SOL enjoyed the biggest one-week market capitalization gains among the major digital assets, as the token’s total valuation rose from $61.5 billion to $68.6 billion. Elsewhere, technical Analysis (TA) indicates...

Is It Too Late to Buy MAX? MAX Price Skyrockets 71%, And This Might Be the Next Crypto to Explode

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The MAX price has skyrocketed 71% in the last 24 hours to trade at $0.1694 as of 3:20 a.m. EST on a 101% pump in trading volume to $41 million. Max Price Spike Along A Parabolic Curve The MAX/USD trading pair on the 4-hour timeframe shows a parabolic price movement that recently surged from a consolidation zone. The current price is approximately $0.1694, down by 14.40%, indicating a potential pullback after a steep rally. The chart highlights a minor support level near $0.15, which aligns with the recent price retracement and is crucial for maintaining the parabolic trend. The 50-period moving average (MA) at $0.0463 and the 200-period SMA at $0.0211 are far below the current price, signaling a strong bullish trend but also pointing to an overextended market. MAXUSD Analysis Source: Dextools.io The MACD reflects bullish momentum, with the MACD line at 0.0339 and the signal line at 0.0241. However, the shrinking histogram bars suggest weakening upward momentum, which may signal ...

Is It Too Late To Buy BEAM? Beam Price Soars 13% In A Week And This Might Be The Next Crypto To Explode

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The Beam price surged 13% in a week and 6% in the last 24 hours to trade at $0.01974 as of 00:22 a.m. EST on trading volume that skyrocketed 168% to $90 million. Beam Price Could Continue Soaring The BEAM/USD chart Analysis on the 4-hour timeframe shows that after a recent price downtrend, the bulls have been able to use the support around $0.0142 to push the Beam price on a markup phase, according to data from GeckoTerminal . The $0.018 resistance allowed the price of Beam to form a rounding bottom pattern, which allowed the bulls to push BEAM to a follow-through above the current price. As a result of the recent surge, BEAM trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued bullish rally. Moreover, the Relative Strength Index (RSI) is at 70.21, just at the overbought level. This implies that although the current momentum is strong, the price may be approaching a temporary overbought condition, suggesting the possibility of short-ter...

Polygon: Analyst Predicts POL (ex-MATIC) to Rally 150% to $0.94

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Polygon (formerly known as MATIC, now as POL) has had a significant price drop over the last few months. The asset was among the top-ranked crypto projects by market cap but has since fallen to the 40th rank. POL (formerly MATIC) is down by 2.9% in the daily charts, 13.8% in the weekly charts, 28.9% in the 14-day charts, and nearly 8% over the previous month. Also Read: 2 BRICS Countries Advancing Towards Launching New Currency Source: CoinGecko Why Is The Asset Slumping? Source: Business Today While Polygon follows the general market downtrend, other factors have also affected its price. Also Read: What Did Tron’s Justin Sun Say About Shiba Inu’s Burn Mechanism? Polygon’s migration from MATIC to POL has presented significant headwinds. User activity has tanked, and large wallets have begun offloading their holdings. The drop in activity, coupled with the bearish market sentiment, has gravely affected the asset’s worth. Polygon Predicted To Hit $0.94 According to prominent c...

SuperRare Price Prediction: RARE Plunges 13% As Experts Say This Olympics Meme Coin Might Be The Best Crypto To Buy Now

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The SuperRare price has plunged 13% in the last 24 hours to trade at $0.2449 as of 3:25 a.m. EST on a 30% drop in trading volume to $668 million. SuperRare Price Analysis: Bullish Breakout With Potential For Further Gains The price action of the RARE/USDT on the daily timeframe shows the price moving within a bearish channel for several months, indicating a prolonged period of downward or sideways movement. However, recently, the price broke out of this bearish channel, forming a parabolic curve, which is a strong indicator of a potential bullish trend. RAREUSDT Analysis Source: Tradingview Following the breakout, the price surged significantly, hitting a peak near the 0.4000 level, near the Take profit” zone. This spike in price is accompanied by a sharp increase in trading volume, further validating the strength of the upward move. Additionally, the Relative Strength Index (RSI) shows an extremely overbought condition at 82.06, suggesting that the asset is overex...