Key Takeaways Chainlink continues trending upward, making a new record high of $44.30 recently. Likewise, Band Protocol broke out of a seven-month-long bullish continuation pattern to hit a new all-time high of $23.30. Further buying pressure could push these cryptocurrencies even higher regardless of the recent gains. Share this article Chainlink and Band Protocol have recently made new all-time highs. Though some investors may take advantage of the rising price action to book profits, these cryptocurrencies show no signs of slowing. Chainlink Looks Unstoppable Chainlink made headlines after releasing a…
Tag: Rally
Ethereum Consolidates Gains, Here’s What Could Spark A Fresh Rally
Ethereum is struggling to clear the $2,200 resistance zone against the US Dollar. ETH price is now consolidating and it is likely to start a strong rally above $2,200. Ethereum is trading in a positive zone above the $2,100 and $2,080 support levels. The price is now trading well above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,125 on the hourly chart of ETH/USD (data feed via Kraken). The pair remains well bid and it is likely to…
Enterprise blockchain solutions rally as businesses get hip to crypto
The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis. As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. XRP/USDT vs. XLM/USDT vs. XDC/USDT 1-day chart.…
Ripple (XRP) Consolidates Gains, Why Rally Isn’t Over Yet
Ripple extended its rally above the $1.200 resistance zone before correcting lower against the US Dollar. XRP price is now consolidating gains and it is likely to rally again above $1.400. Ripple rallied towards $1.50 before correcting lower against the US dollar. The price is now trading well above $1.1500 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with support near $1.3100 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair is likely to start a fresh rally if…
Bitcoin Steadies Above $59K, Here’s How Bulls Could Aim Fresh Rally
Bitcoin price failed to continue higher above $60,800 and corrected lower against the US Dollar. BTC is now holding gains and it is likely to rally above $61,000 unless there is a break below the 100 hourly SMA. Bitcoin is struggling to gain momentum above the $60,000 and $60,500 levels. The price is now trading above the $59,000 level and the 100 hourly simple moving average. There is a major contracting triangle forming with resistance near $60,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The…
Altcoins Preserve Bearish Sentiment as Rally Fizzles Out
Twitter Facebook LinkedIn Led by ripple (XRP), the bitcoin and the altcoin markets edged lower on Thursday after staying on the bulls’ side for most of the week. Ripple Price Headlines Pullback The cryptocurrency market as a whole witnessed their uptrends getting stalled. Other top performers during the previous rally, including stellar (XLM), bitcoin cash (BCH) and EOS, underwent a sharp pullback action. However, they managed to hold on to some of their gains despite being unable to sustain their prevailing bullish momentum. The crypto correction coincided with the pullback…
Early Stages of a Mega Rally
It’s back to profitability for most altcoins as they register double digit gains. Leading the pack is XLM/USD and ADA/USD trading above important resistance levels. We expect most altcoins to keep expanding throughout this week as they reverse 2018 losses as price action form the foundation of a mega-rally. Let’s have a look at these charts: EOS/USD Price Analysis At the back of strong gains, EOS/USD is up four percent in the last day and 12 percent in the last week. The result is clear and most importantly prices are…
Could Bitcoin Cash Price Surge Any Further after Weekend Rally?
Ahead of its hard fork, Bitcoin Cash surged as high as 29 percent during the weekend trading session. All the eyes are now on whether the altcoin can swell any further, especially when it promises to offer holders free tokens after its blockchain splits. Trading Sentiment around Coin Forks Traders tend to behave bullishly whenever a forking event is nearby. To them, a fork signifies free coins on the top of what they already hold. For instance, when the main Bitcoin blockchain forked and conceived Bitcoin Cash, the same chain,…
Potential Factors Behind its Rally
Twitter Facebook LinkedIn XRP, the native cryptocurrency of the Ripple network, has surged by more than 12 percent over the last 24 hours. Cryptocurrency traders and technical analysts generally expect the positive price movement of XRP to continue in the short-term, given the sheer magnitude of the asset’s recent upward run. What Has Caused Ripple to Rally? Throughout the past week, Ripple has seen some progress in regards to the adoption and integration of its blockchain-based liquidity products. At the Global Islamic Economic Summit 2018, Ripple’s global head of infrastructure…
Ripple Price Analysis: XRP/USD Rally Gains Pace Above $0.50
Key Highlights Ripple price surged higher recently and broke the $0.4700 and $0.5000 resistances against the US dollar. There is a short term connecting bullish trend line formed with support at $0.5000 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair is currently placed nicely in a bullish zone and it could accelerate above $0.5140. Ripple price rallied recently against the US Dollar and Bitcoin. XRP/USD is currently correcting, but dips remain well supported near $0.5000 and $0.4950. Ripple Price Analysis Yesterday, we discussed that…