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Showing posts with the label bullish outlook

Is Ethereum Back In Business? Morningstar Candlestick Pattern Tells A Story

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Chainlink Price Prediction: LINK Plunges 6% As Traders Shift Focus To This Crypto Wallet Token Offering A 213% Staking APY

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The Chainlink price plunged 6% in the last 24 hours to trade at $23.80 as of 11:17 p.m. EST on trading volume that skyrocketed 62% to $912 million. Chainlink Price Poised For A Breakout The LINK price has been experiencing significant price fluctuations, reflecting an interplay of bullish and bearish sentiments. On the daily chart, LINK has shown resilience, rallying from its lows near $11.50 to recent highs above $27.50. This movement marks a clear bullish trend in the medium term.  However, after touching resistance near $27.50, the Chainlink price has pulled back to its current level of $23.80, and trading within the sideways pattern, according to GeckoTerminal data. Despite the pullback, the price of Chainlink is still well above both the 50-day and 200-day Simple Moving Averages (SMAs), a suggestion of a bullish outlook. The Relative Strength Index (RSI) is at 51.06, placing it in the neutral zone. This suggests that neither buyers nor sellers currently dominate the ma...

Bitcoin eyes $110,000 for an year-end rally – Here’s why 

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Bitcoin (BTC) has recently faced resistance at the $70,000 mark, yet market anticipation is growing that the cryptocurrency will maintain its bullish momentum, targeting a record high.  Notably, an analyst known by the pseudonym Stockmoney Lizards observed that Bitcoin’s recent market activity suggests the post-halving correction is nearing its conclusion. As the crypto market approaches the end of August, analysts believe that the second half of September or October should initiate the next leg up for Bitcoin, leading to a major price surge with projections targeting a year-end price between $100,000 and $110,000. Picks for you Trading expert names altcoin to 'keep your eyes on' as Bitcoin starts moving 57 mins ago So...