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Showing posts with the label support zone

Whales Offload 200M Cardano During March – The Start Of A Trend?

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Crypto expert warns Bitcoin bear market has started

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The first quarter (Q1) of 2025 – and the initial months of Donald Trump’s second presidency – hasn’t been going as many had hoped. This is well exemplified by the fact that analysts went from setting their Bitcoin (BTC) price targets to $800,000 to wondering if the cryptocurrency bear market has started. Unfortunately for the bulls, indicators and signals hinting that BTC may be heading for a new ‘crypto winter’ have been piling up in recent trading, per the data compiled by the prominent on-chain analyst Ali Martinez. Why Bitcoin may be entering a new bear market Martinez explained that it is increasingly likely that Bitcoin is experiencing a macro trend shift, as indicated by the Inter-Exchange Flow Pulse, the Market Cap to Realized Cap (MVRV) Ratio, and the Market Cycle indicator, per a lengthy X thread, published on March 18. Picks for you ...

Ultima Price Prediction: ULTIMA Soars 16% In A Week, But Investors Flock To This Competitor Offering A 163% APY

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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...

Pepe Price Prediction: As PEPE Drops 15%, This New Meme Coin Rival Offers Investors Last Chance To Buy Before Launch

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The Pepe price has dropped 15% in the last 24 hours to trade at  $0.000001565 as of 12:30 a.m. EST on a 176% pump in trading volume to $4.1 billion. Pepe Price Could Rebound On Strong Support The daily chart illustrates PEPE/USD transitioning through distinct phases: a prolonged bearish trend, a bullish breakout, and consolidation near critical support levels. Between July and early October, the price followed a persistent downtrend within a well-defined bearish channel characterized by lower highs and lower lows. During this period, the price tested a major support level at $0.00000050 multiple times, which acted as a strong floor. The breakout occurred in late October when the price surged past the upper boundary of the bearish channel near $0.00000110. This breakout was accompanied by heightened trading volume, signaling renewed buyer interest and a potential trend reversal. Following the breakout, the price rallied sharply, reaching a local high before encountering resistanc...