Cryptocurrency analyst and trader Ali Martinez is saying that Cardano (ADA) is on the cusp of potentially enjoying an explosive run from its current level. Martinez tells his 41,000 followers on the social media platform X that Cardano is currently in a consolidation phase on the three-day chart. The crypto analyst and trader says that […]
The post Cardano Could Explode by Over 1,300% if History Repeats Itself, According to Trader – But There’s a Catch appeared first on The Daily Hodl.
A closely followed crypto trader thinks that one Ethereum (ETH) challenger may be on the cusp of a breakout rally. Crypto trader Ali Martinez tells his 40,000 followers on the social media platform X that Solana (SOL) is forming a bullish continuation pattern on the hourly chart. The analyst shares a chart that suggests SOL […]
The post Crypto Trader Predicts Rally Toward ‘Ambitious’ Level for Ethereum Rival, Updates Outlook on Cardano and XRP appeared first on The Daily Hodl.
A widely followed crypto analyst says that smart contract platform Cardano (ADA) could be gearing up for a massive move to the upside. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.38 million YouTube subscribers that the Ethereum (ETH) competitor may be printing a bullish pattern that could increase […]
The post Cardano Flashing Bullish Signal, Could Skyrocket Over 70%, Says Coin Bureau’s Guy Turner – But There’s a Catch appeared first on The Daily Hodl.
Trader and analyst Ali Martinez says the technicals for two altcoins are looking bullish as the total crypto market cap reaches a 19-month high. Starting with Polygon (MATIC) rival Optimism (OP), Martinez tells his 38,100 followers on the social media platform X that the Ethereum layer-2 crypto project has formed an ascending parallel channel on […]
The post Crypto Trader Predicts 50%+ Surge for Polygon Rival, Says Cardano Setting Stage for Potential Rally appeared first on The Daily Hodl.
Bitcoin may remain under pressure for a few days, but a collapse is unlikely as traders are expected to buy the dips in anticipation of a spot Bitcoin ETF.
The S&P 500 Index (SPX) rose 2.49% last week, extending its string of weekly gains to seven weeks, the longest such winning streak since 2017. However, Bitcoin (BTC) could not maintain its momentum and succumbed to profit-booking by the bulls. Trading resource Material Indicators said in a X (formerly Twitter) post that “ year-end profit taking and tax loss harvesting” will prevail in the short term.
However, a crash is unlikely because several analysts expect the United States Securities and Exchange Commission to approve one or more spot Bitcoin exchange-traded fund applications in January. If that happens, it could prove to be a game-changer for the sector.
VanEck CEO Jan van Eck said in an interview with CNBC that Bitcoin is likely to hit a new all-time high in the next 12 months. He expects Bitcoin to become an accompaniment to gold.
A crypto strategist thinks that one altcoin that’s trading under the radar could repeat its mid-2020 price action en route to printing massive gains. Analyst Ali Martinez tells his 35,900 followers on the social media platform X that supply-chain management blockchain VeChain (VET) looks poised to break out of its immediate resistance at $0.033. According […]
The post Trader Predicts 2,230% Rally for One Under-the-Radar Altcoin, Says Bullish Leap in Sight for Cardano and Fantom appeared first on The Daily Hodl.
Crypto analyst and trader Ali Martinez is expressing bullish sentiment on Cardano (ADA) and one low-cap altcoin. Starting with the eighth-largest crypto asset by market cap, Martinez tells his 35,700 followers on the X social media platform that “with no significant resistance barriers in sight, the path looks clear for ADA to move higher”. According […]
The post Trader Says Path Looks Clear for Cardano To Move Higher, Predicts ‘Big Price Move’ for Controversial Altcoin appeared first on The Daily Hodl.
A widely followed crypto analyst is breaking down Bitcoin (BTC) while keeping an eye on some top altcoin projects. Pseudonymous crypto trader Rekt Capital tells his 376,600 followers on the social media platform X that BTC has overcome its fall from last year. “This year has completely engulfed the downside from last year. A lot can change […]
The post Crypto Analyst Breaks Down Bitcoin and One Top AI Altcoin, Does a Deep Dive Into Ethereum Rival Cardano appeared first on The Daily Hodl.
Bitcoin and select altcoins are witnessing profit-booking on rallies, increasing the likelihood of a short-term pullback.
Bitcoin’s (BTC) rally has been taking a breather for the past few days but its strong rally in 2023 has not gone unnoticed. A survey of United States financial services companies by crypto firm Paxos showed that 99% of the firms were putting as much or more focus on crypto projects this year as compared to previous years.
Analysts are increasingly bullish on Bitcoin and the crypto space in 2024. Bitwise senior research analyst Ryan Rasmussen made ten predictions for the crypto industry in 2024 in an X (formerly Twitter) post on Dec. 13. He believes Bitcoin will soar to $80,000 in 2024 and “more money will settle using stablecoins than using Visa.”
Along with crypto-specific issues, expectations of rate cuts by the Federal Reserve in 2024 are adding to the bullish sentiment. Arthur Hayes, the former CEO of crypto exchange BitMEX, reiterated his bullish view on crypto in an X post on Dec. 14. He said that the fiat was “a filthy piece of trash” and there was no reason not to be long crypto.
An Ethereum (ETH)-based native token for a decentralized finance (DeFi) project is flashing a couple of bullish divergences, according to the crypto analytics firm Santiment. Aave (AAVE), a DeFi lending protocol, is trading at $93.89 at time of writing and is up more than 2.3% in the past 24 hours. Santiment notes that the asset’s […]
The post Ethereum DeFi Altcoin Showing Bullish Divergence As Indicator Enters ‘Bounce Zone’: Santiment appeared first on The Daily Hodl.
