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The Ultima price soared 16% in the last week and almost 2% in the last 24 hours to trade at $22,468 as of 11:26 p.m. EST on trading volume that plunged 9% to $11.8 million. Ultima Price On A Sustained Uptrend The ULTIMA price weekly chart displays a strong bullish trend, marked by a classic parabolic curve pattern that has completed its breakout phase. A key feature of this chart is the breakout above the long-standing descending trendline (in blue), which previously acted as strong resistance. Additionally, the Ultima price has decisively breached the purple resistance zone around $9,455 which had been a critical supply area for months. This area may now serve as a strong support level, providing a potential floor for future price pullbacks. The 50-period Simple Moving Average (SMA) on the weekly chart is currently positioned at $6,751.13, significantly below the current price level. This wide gap indicates strong bullish momentum. Meanwhile, the Relative Strength Index (RSI) s...

The Solana price edged up a fraction of a percentage in the past 24 hours to trade at $249.96 as of 9:56 a.m. EST on trading volume that rose 18% to $8.5 billion. This comes after Grayscale Investments filed for a Solana ETF (exchange-traded fund) with the New York Stock Exchange (NYSE). It’s the latest among a number of filings prompted by the expectation of a friendlier regulatory environment under Donald Trump’s leadership. 🚨🚨🚨🚨 Breaking News: Grayscale has officially submitted a filing for a Solana ($SOL) Exchange-Traded Fund (ETF) with the New York Stock Exchange (NYSE). 🔥🎯#Solana #CRYPTO pic.twitter.com/TjmZdA4vrD — Seth (@seth_fin) January 24, 2025 Solana Price Could Continue Soaring The SOL price on the daily chart reveals a strong bullish trend that has gained significant momentum recently.  After a period of consolidation in mid-2024, the Solana price broke out above key resistance levels, and th...

A widely followed trader is issuing a warning on altcoins in the artificial intelligence (AI) crypto sector. The trader pseudonymously known as Bluntz tells his 312,000 followers on the social media platform X that the “big” AI-related crypto assets are signaling the possibility of the bullish run coming to an end over the short term. According to the analyst who regularly applies the Elliott Wave theory in his technical Analysis , lots of the AI-related altcoins have retraced from the peak of the final wave of a bullish trend that started months ago. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. “Going to be some rude awakenings for the AI hype in the coming month in my opinion.” According to Bluntz, aixbt by Virtuals (AIXBT), a crypto market-focused virtual AI agent, and Fartcoin (FARTCOIN), a memecoin that incorporates an AI framework for t...

The Mad price skyrocketed 67% in the last 24 hours to trade at $0.00006226 as of 02:49 a.m. EST on trading volume that soared 98% to $18.5 million, according to CoinGecko.  Mad Price Indicators Show A Sustained Bullish Rally According to the MAD/USDT chart Analysis on the 4-hour timeframe, the Mad price was trading within the $0.000010 range from the beginning of November. However, the bulls seem to have won the struggle for dominance within this consolidation level. This pushed the price of Mad within a parabolic curve, signaling a sustained bullish rally in the last four days. The surge has now pushed the Mad price to trade above both the 50-day and 200-day Simple Moving Averages (SMAs). This is a confirmation of the general bullish prospects. Meanwhile, the Relative Strength Index (RSI) is currently at 86, signaling that the asset is heavily overbought. This typically indicates that a pullback or correction may be imminent. RSI levels above 80 often correspond to euph...