Altcoinmarket
122,301 views
38 Posts
Hot
Latest
#Altcoin Market Alert
Notable Technical Development:
Last weekly close above SMA20 occurred 1 year ago, preceding a 140% rally.
A second weekly close above this line is imminent.
Investors, take note.
#Altcoinmarket #CryptoAnalysis" #TechnicalInsights
Notable Technical Development:
Last weekly close above SMA20 occurred 1 year ago, preceding a 140% rally.
A second weekly close above this line is imminent.
Investors, take note.
#Altcoinmarket #CryptoAnalysis" #TechnicalInsights
🔥🔥🔥 Will #TerraClassic Price Lose $0.00006 Support Amid Market Sell-off?
The #cryptocurrencymarket faced intensified supply pressure this week, driven by a significant Bitcoin correction. Following liquidation events involving Mt. Gox and the German government, Bitcoin's price fell to a four-month low of $53,550.
This bearish trend extended to the #Altcoinmarket , with Terra Classic ($LUNC ) dropping below crucial seven-month support levels, signaling potential further declines.
On the daily chart, Terra Classic has completed a bearish continuation pattern known as a descending triangle. This pattern, typically found in established downtrends, reflects lower highs and suggests the accumulation of bearish momentum, leading to a prolonged correction.
Since early March, the LUNC coin has been in a downtrend, starting from $0.00025. The asset has since plummeted 73.6%, trading at $0.0000673, with its market cap now at $368.7 million.
Recent data from renowned trader Ali (@ali_charts) reveals a dramatic decline in the market's realized net position change, dropping from over $110 billion in March to just $20 billion today. This indicates substantial capital outflows in recent months.
Given the ongoing selling pressure, LUNC's price could potentially drop another 22% to reach the August 2023 low of $0.000052.
However, the daily chart also shows a long-tail rejection, suggesting that buyers are defending lower price levels. For buyers to regain control, a breakout above the resistance trendline is essential.
Technical Indicators:
- Bollinger Bands (BB): The declining price is testing the lower support trendline, indicating that selling momentum remains strong.
- Relative Strength Index (RSI): The daily RSI is approaching the oversold region, which might attract dip buyers seeking discounted entry points.
Source - coingape.com
#CryptoTrends2024 #BinanceSquareTalks
The #cryptocurrencymarket faced intensified supply pressure this week, driven by a significant Bitcoin correction. Following liquidation events involving Mt. Gox and the German government, Bitcoin's price fell to a four-month low of $53,550.
This bearish trend extended to the #Altcoinmarket , with Terra Classic ($LUNC ) dropping below crucial seven-month support levels, signaling potential further declines.
On the daily chart, Terra Classic has completed a bearish continuation pattern known as a descending triangle. This pattern, typically found in established downtrends, reflects lower highs and suggests the accumulation of bearish momentum, leading to a prolonged correction.
Since early March, the LUNC coin has been in a downtrend, starting from $0.00025. The asset has since plummeted 73.6%, trading at $0.0000673, with its market cap now at $368.7 million.
Recent data from renowned trader Ali (@ali_charts) reveals a dramatic decline in the market's realized net position change, dropping from over $110 billion in March to just $20 billion today. This indicates substantial capital outflows in recent months.
Given the ongoing selling pressure, LUNC's price could potentially drop another 22% to reach the August 2023 low of $0.000052.
However, the daily chart also shows a long-tail rejection, suggesting that buyers are defending lower price levels. For buyers to regain control, a breakout above the resistance trendline is essential.
Technical Indicators:
- Bollinger Bands (BB): The declining price is testing the lower support trendline, indicating that selling momentum remains strong.
- Relative Strength Index (RSI): The daily RSI is approaching the oversold region, which might attract dip buyers seeking discounted entry points.
Source - coingape.com
#CryptoTrends2024 #BinanceSquareTalks
#altcoins
Update on the #Altcoinmarket (TOTAL2).🎯
As mentioned 10 days ago, the MA200 is holding excellently and we even had a retest of the breakout from the small wedge.
A break of the upper black line is the moment, when Altcoins will go crazy.
We're so close.🌋👀
Update on the #Altcoinmarket (TOTAL2).🎯
As mentioned 10 days ago, the MA200 is holding excellently and we even had a retest of the breakout from the small wedge.
A break of the upper black line is the moment, when Altcoins will go crazy.
We're so close.🌋👀
💥💥💥 #cryptoprices Today July 1: Recovers To $63K, #Altcoinmarket Soars
Today's cryptocurrency prices have sparked a wave of optimism among global market participants. Bitcoin (BTC) surged to $63K, though it slightly dipped below this mark as the day progressed. Ethereum (ETH) mirrored this upswing, reaching $3,400. Other major cryptocurrencies like Solana (SOL), XRP, and various meme coins also saw significant gains over the past day.
The global crypto market cap increased by 4.21% from yesterday, reaching $2.34 trillion. The total crypto market volume saw a substantial 44.92% surge to $49.98 billion.
Top Crypto Prices Today
1. Bitcoin Price
- As of writing, Bitcoin (BTC) is priced at $63,316.81, marking a 4.17% gain over the past day according to CoinMarketCap. The 24-hour low and high for BTC were $60,630.05 and $63,712.78, respectively. Bitcoin’s market dominance rose by 0.19% to 53.57%, with a market cap of $1.25 trillion.
2. Ethereum Price
- Ethereum (ETH) also saw a significant rise, gaining 3.91% over the past day to reach $3,495.66. Its 24-hour low and high were $3,354.51 and $3,516.05, respectively. The anticipation of $ETH ETFs has contributed to this upswing, attracting considerable investor interest.
3. #SolanaPrice
- Solana (SOL) rallied 6.58% to trade at $146.43. Its 24-hour low and high were $137.14 and $148.65, respectively.
4. $XRP Price
- XRP, supported by Ripple Labs, saw a 1.51% increase in value, reaching $0.4782. The token’s 24-hour low and high were $0.4703 and $0.4788, respectively, indicating a tight trading range.
5. #doge⚡ & $SHIB Prices
- In the meme coin sector, Dogecoin (DOGE) gained 4.70% to $0.1264, while Shiba Inu (SHIB) rose 4.55% to $0.00001745. Additionally, Pepe coin (PEPE) saw a significant rally, increasing by 9.40% to reach $0.00001197.
These upward movements in crypto prices reflect growing market confidence and a buoyant investor sentiment.
Source - coingape.com
Today's cryptocurrency prices have sparked a wave of optimism among global market participants. Bitcoin (BTC) surged to $63K, though it slightly dipped below this mark as the day progressed. Ethereum (ETH) mirrored this upswing, reaching $3,400. Other major cryptocurrencies like Solana (SOL), XRP, and various meme coins also saw significant gains over the past day.
The global crypto market cap increased by 4.21% from yesterday, reaching $2.34 trillion. The total crypto market volume saw a substantial 44.92% surge to $49.98 billion.
Top Crypto Prices Today
1. Bitcoin Price
- As of writing, Bitcoin (BTC) is priced at $63,316.81, marking a 4.17% gain over the past day according to CoinMarketCap. The 24-hour low and high for BTC were $60,630.05 and $63,712.78, respectively. Bitcoin’s market dominance rose by 0.19% to 53.57%, with a market cap of $1.25 trillion.
2. Ethereum Price
- Ethereum (ETH) also saw a significant rise, gaining 3.91% over the past day to reach $3,495.66. Its 24-hour low and high were $3,354.51 and $3,516.05, respectively. The anticipation of $ETH ETFs has contributed to this upswing, attracting considerable investor interest.
3. #SolanaPrice
- Solana (SOL) rallied 6.58% to trade at $146.43. Its 24-hour low and high were $137.14 and $148.65, respectively.
4. $XRP Price
- XRP, supported by Ripple Labs, saw a 1.51% increase in value, reaching $0.4782. The token’s 24-hour low and high were $0.4703 and $0.4788, respectively, indicating a tight trading range.
5. #doge⚡ & $SHIB Prices
- In the meme coin sector, Dogecoin (DOGE) gained 4.70% to $0.1264, while Shiba Inu (SHIB) rose 4.55% to $0.00001745. Additionally, Pepe coin (PEPE) saw a significant rally, increasing by 9.40% to reach $0.00001197.
These upward movements in crypto prices reflect growing market confidence and a buoyant investor sentiment.
Source - coingape.com
💥💥💥 $XRP Targets $0.7231 as #Robinhood Relisting Fuels Triangle Breakout Chances
#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?
- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.
XRP at a Critical Point: Is a Breakout Imminent?
- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.
XRP Price Analysis:
- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.
Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund
- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.
XRP Price Targets:
- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.
If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.
Source - thecryptobasic.com
#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity
#Altcoinmarket Pauses as Bitcoin Holds at $58,700: Will XRP Breakout?
- The altcoin market enters a period of consolidation, with Bitcoin stabilizing near $58,700. Among altcoins, XRP is seeing notable shifts, driven by Grayscale's new fund launch and Robinhood's decision to relist the token.
XRP at a Critical Point: Is a Breakout Imminent?
- On the daily chart, XRP's recent price surge met resistance, marking the sixth bearish reversal from the long-standing resistance trendline. On Sunday, XRP dropped 4.38%, erasing Saturday's 4.13% gain, forming a bearish engulfing pattern. Currently, XRP is trading near $0.5728, with an intraday gain of 0.45%, while its 24-hour low sits at $0.5599.
XRP Price Analysis:
- The 50-day EMA supports the current price action, while the 50, 100, and 200-day EMAs are close to aligning bullishly as the recovery gains traction. Additionally, the MACD's bullish crossover and increasing histogram show rising momentum.
Bullish Developments: Robinhood Relists XRP, Grayscale Launches XRP Fund
- XRP's relisting on Robinhood has sparked optimism for a recovery rally. Despite Grayscale's new XRP fund, the token struggles to break its overhead trendline, indicating that news alone may not trigger a breakout.
XRP Price Targets:
- Currently, XRP is trading within a triangle pattern and testing the 50% Fibonacci retracement level at $0.57141. The next upside target is $0.65821, representing the 78.60% Fibonacci level, while downside support is near $0.49128, below the key $0.50 mark at the 23.60% Fibonacci level.
If XRP breaks higher, it could target the 100% Fibonacci level at $0.7231, its highest since March 11. On the downside, maintaining the 200-day EMA at $0.5490 is key to sustaining the uptrend before potentially dropping to trendline support.
Source - thecryptobasic.com
#cryptotrend2024 #BinanceSquareTalks #CryptoNewsCommunity
🔥🔥🔥 Why Crypto Market is Down Today? Fear and Greed Index Signals Extreme Caution
Bitcoin Leads Crypto Market Decline Amid Bearish Sentiment
- After struggling to maintain a bullish recovery following the August 5 crash, Bitcoin ($BTC ) has led the altcoin sector into notable losses. Over the past two days, Bitcoin consistently closed below the critical $57,000 support level, signaling that bears are in control.
- In the last 24 hours, Bitcoin dropped over 5%, hitting a daily low of around $52,690 before rebounding above $53,800 on Saturday during the early Asian session. The total crypto market cap fell below $2 trillion following the forced liquidation of nearly $300 million.
Key Factors Driving the Crypto Market Down
Bearish Momentum in September
- Bitcoin's decline has led the broader #Altcoinmarket lower, mirroring bearish trends in major stock indexes despite rising calls for interest rate cuts on September 18. The fear & greed index for Bitcoin dropped to 23%, indicating extreme fear among traders.
- Most analysts expect further losses in the near term, with Bitcoin potentially falling below $50,000.
Whale Selloffs Increase Pressure
- On-chain data shows a rise in selloffs from whale investors in recent weeks. Wintermute, for example, deposited nearly 47,000 Ether, worth over $104 million, to Binance in the last 24 hours. Meanwhile, a major Bitcoin whale transferred 1,000 BTC (around $55 million) to Binance at a loss. Only 27.6% of Bitcoin holders who bought between $47,000 & $64,000 are currently in profit, adding to selling pressure.
Poor Performance of Spot Bitcoin & Ether ETFs
- Spot Bitcoin & Ether ETFs in the United States have faced significant outflows. U.S.-based spot Bitcoin ETFs have seen nearly $1 billion in net cash outflows, with Fidelity's FBTC leading the way. Spot Ether ETFs have also recorded negative cash flows for four consecutive weeks.
- As market sentiment remains bearish, traders are preparing for potential further declines across the crypto sector.
Source - coinpedia.org
#CryptoMarkets #BinanceSquareTrends
Bitcoin Leads Crypto Market Decline Amid Bearish Sentiment
- After struggling to maintain a bullish recovery following the August 5 crash, Bitcoin ($BTC ) has led the altcoin sector into notable losses. Over the past two days, Bitcoin consistently closed below the critical $57,000 support level, signaling that bears are in control.
- In the last 24 hours, Bitcoin dropped over 5%, hitting a daily low of around $52,690 before rebounding above $53,800 on Saturday during the early Asian session. The total crypto market cap fell below $2 trillion following the forced liquidation of nearly $300 million.
Key Factors Driving the Crypto Market Down
Bearish Momentum in September
- Bitcoin's decline has led the broader #Altcoinmarket lower, mirroring bearish trends in major stock indexes despite rising calls for interest rate cuts on September 18. The fear & greed index for Bitcoin dropped to 23%, indicating extreme fear among traders.
- Most analysts expect further losses in the near term, with Bitcoin potentially falling below $50,000.
Whale Selloffs Increase Pressure
- On-chain data shows a rise in selloffs from whale investors in recent weeks. Wintermute, for example, deposited nearly 47,000 Ether, worth over $104 million, to Binance in the last 24 hours. Meanwhile, a major Bitcoin whale transferred 1,000 BTC (around $55 million) to Binance at a loss. Only 27.6% of Bitcoin holders who bought between $47,000 & $64,000 are currently in profit, adding to selling pressure.
Poor Performance of Spot Bitcoin & Ether ETFs
- Spot Bitcoin & Ether ETFs in the United States have faced significant outflows. U.S.-based spot Bitcoin ETFs have seen nearly $1 billion in net cash outflows, with Fidelity's FBTC leading the way. Spot Ether ETFs have also recorded negative cash flows for four consecutive weeks.
- As market sentiment remains bearish, traders are preparing for potential further declines across the crypto sector.
Source - coinpedia.org
#CryptoMarkets #BinanceSquareTrends
$ALT ALTa token desigend to open trade in the next generation of video games, ranks as the top trading coin in coin marketcap following airdrop excitement and a listening on binance launchpool
#TradeNTell
#Altcoinmarket
#TradeNTell
#Altcoinmarket
Historical Performance of Ethereum and Altcoins in Q4
According to analysts from #Bitfinex , Ethereum (#ETH🔥🔥🔥🔥 ) has historically shown strong returns in the fourth quarter. However, they note that while $ETH tends to perform well during this period, the broader #Altcoinmarket exhibits mixed results, meaning not all altcoins experience similarly positive outcomes in Q4.
Best Periods for Ethereum and Altcoins
Historically, the first quarter of the year has been the most favorable period for both Ethereum and altcoins. The second quarter often brings solid gains as well, though not always to the same extent as the first quarter.
Limited Historical Data for ETH and Altcoins
The analysts point out that data for Ethereum and #altcoins is more limited compared to #bitcoin☀️ . ETH only began trading in the second quarter of 2016, while most major altcoins have emerged in the last three to four years. As a result, the statistical sample is smaller and less stable compared to Bitcoin, which has a longer trading history.
Optimism on the ETH Futures Market
Another factor driving optimism for ETH is data from the futures market. According to data from Coinglass, the open interest-weighted funding rate for ETH has been trending positively since the end of July, when an unexpected rate hike by the Bank of Japan triggered a broader sell-off in risk assets. This positive funding rate indicates ongoing confidence in the future performance of ETH, despite market volatility.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
Best Periods for Ethereum and Altcoins
Historically, the first quarter of the year has been the most favorable period for both Ethereum and altcoins. The second quarter often brings solid gains as well, though not always to the same extent as the first quarter.
Limited Historical Data for ETH and Altcoins
The analysts point out that data for Ethereum and #altcoins is more limited compared to #bitcoin☀️ . ETH only began trading in the second quarter of 2016, while most major altcoins have emerged in the last three to four years. As a result, the statistical sample is smaller and less stable compared to Bitcoin, which has a longer trading history.
Optimism on the ETH Futures Market
Another factor driving optimism for ETH is data from the futures market. According to data from Coinglass, the open interest-weighted funding rate for ETH has been trending positively since the end of July, when an unexpected rate hike by the Bank of Japan triggered a broader sell-off in risk assets. This positive funding rate indicates ongoing confidence in the future performance of ETH, despite market volatility.
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“
