Tag: Rally

Will the Fed’s Big Rate Decision Ignite the Next Leg of the Crypto Rally?

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The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (bps) cut and a boost to risk asset prices in the long term. Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction.   “The main risk is that the move is already priced in, Puckrin said, adding, “hope is…

Dogecoin Breakout Puts 95% Price Rally Setup in Motion

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Key takeaways: Dogecoin has broken out of a multimonth symmetrical triangle. Trading volumes tripled during the breakout, signaling strong bullish momentum. Dogecoin (DOGE) price has rallied by nearly 40% in the past seven days, beating the broader crypto market, which has gained nearly 8% in the same period. DOGE/USD vs. TOTAL crypto market cap daily chart. Source: TradingView The top memecoin now hints at further price growth in the coming weeks, due to a mix of technical and onchain factors. DOGE price breakout hints at 95% gains ahead The weekly…

XRP Price Holds Firm – Fresh Rally Could Be Brewing

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

XRP Rally To $3.60 Must Include More Than ETF Approval

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Key takeaways: Bloomberg analysts assign 95% odds for an XRP ETF, with a SEC decision expected for October. XRPL adoption lags peers, holding just 2% of Real World Assets despite stablecoin growth. XRP (XRP) price faced rejection on Tuesday after reaching its highest level in nearly two weeks at $3.04. The move was driven by speculation around a potential XRP exchange-traded fund (ETF) approval in the United States and increased institutional participation in XRP derivatives, raising expectations about whether XRP might revisit the $3.60 level seen in July. XRP futures…

Solana (SOL) Rally Builds – Can Bulls Extend Gains Beyond Key Levels?

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Solana started a fresh increase above the $212 zone. SOL price is now consolidating above $210 and might aim for more gains above the $218 zone. SOL price started a fresh upward move above the $202 and $210 levels against the US Dollar. The price is now trading above $210 and the 100-hourly simple moving average. There is a bullish trend line forming with support at $212 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $218 resistance…

XRP Price Eyes Breakout Zone – Can Key Hurdles Unlock Bigger Rally?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

A Chainlink (LINK) Pullback To $16 Could Set Up Parabolic Price Rally

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Ethereum Price Recovery Faces Test – Will Resistance Stop the Rally?

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Ethereum price started a fresh recovery wave above the $4,350 zone. ETH is now facing hurdles near $4,500 and might struggle to continue higher. Ethereum is still struggling to recover above the $4,500 zone. The price is trading above $4,400 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $4,385 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above the $4,500 level in the near term.…

Ethereum Corrects Rally, But 100 SMA Could Spark Fresh Increase

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Ethereum climbed further above the $2,500 level against the US Dollar. ETH price is correcting gains, but it is likely to remain stable near $2,350 and the 100 hourly SMA. Ethereum gained pace above $2,500 and it traded to a new all-time high near USD 2,548. The price is now trading well above $2,400 and the 100 hourly simple moving average. There is a key rising channel forming with support near $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to resume its rise…

How The COIN Listing Could Culminate Bitcoin Rally

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Bitcoin price (BTC) is down $2,000 from yesterday’s high set right around the time that Coinbase Global (COIN) went live on Nasdaq. The price action frighteningly mimics a fractal flashback from the CME futures launch that put the top in around late 2017 and started the bear market in cryptocurrencies. Is this just crypto winter PTSD, or is a launch of this magnitude the perfect sell the news event? Then And Now: CME Futures Versus Coinbase Global Debut On Nasdaq Rewind back to 2017. Few then knew what a cryptocurrency…