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- EOS PRICE ANALYSIS & PREDICTION (April 4) – EOS Defies Market Odds as it Pushes Towards $1, Are The Bulls Back?
- AVALANCHE PRICE ANALYSIS & PREDICTION (April 4) – Avax Advance Selling After Rejecting $20, Eyes Recent Low
- SOLANA PRICE ANALYSIS & PREDICTION (April 2) – Sol Stagnates Above $120 After a Week Drop, Where next?
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EOS PRICE ANALYSIS & PREDICTION (April 4) – EOS Defies Market Odds as it Pushes Towards $1, Are The Bulls Back?
As several altcoins take a downturn in the past week, EOS continued to show strength and registered another 5% gains overnight. It currently faces some hurdles, but appears bullish daily. Following this week's price break from a month resistance of $0.67, EOS advanced buying and reached a high of $0.88 yesterday after facing small hurdles on Tuesday. This came as a result of steady rising demand, but it has slowed down buying due to a rejection. Despite that, the trading landscape has changed on the daily chart, and as we can see, the price is strong while following a positive sentiment. More surge in volatility is needed to validate a major reversal. Though the trend is changing but is yet to get out of the wood as it remains bearish in the mid-term. The double-bottom pattern mentioned in the previous […]
Bitcoin’s Market Landscape: A Mix of Optimism and Caution as Macro Indicators Weigh on Growth
While global financial markets remain uncertain, the cryptocurrency sphere—Bitcoin in particular—seems to be stirring an unusual blend of positive on-chain metrics and negative macroeconomic conditions into what might be a compelling growth story. On the major exchanges—Binance, ByBit, OKX, and Deribit—the most recent market developments have suggested a shift in sentiment toward Bitcoin. The average funding rate across these platforms was just above zero, indicating a very cautious market. But funding rates have dropped into the negative for a number of stretches in the past. And what happens next has been somewhat mixed: Price increases for Bitcoin have followed four of those negative stretches, while the only occasion that it dropped into negative funding territory and then moved back to zero was followed by a pretty steep decline in price. https://twitter.com/AxelAdlerJr/status/1907289208827654336?t=pligaT4-1s2_8bMtHZ3AVw&s=19 A Stabilizing Market with Positive Long-Term Signals The spot […]
Ethereal PerpDEX Takes the DeFi Scene by Storm with Explosive Growth in TVL
Ethereal (@etherealdex), the Ecosystem's decentralized perpetual exchange, has made a remarkable leap in the DeFi space. Now, according to DeFiLlama, it sits at the second-largest platform in the network by total value locked, with just usurped Jupiter. Ethereal’s TVL was $820 million at the time of writing, and it has surged almost 49% in the past week and a staggering 155% in the last month. Overall, within the landscape of decentralized exchanges, Ethereal seems to be making quite a name for itself—much to the delight, I'm sure, of its backers and investor group. Ethereal occupies a space in the ecosystem where very few projects exist today. With its Testnet Season Zero pre-deposit stage well underway, there is a significant number of users that seem to be taking interest in the protocol. Currently, the Testnet Season Zero has over 16,210 addresses […]
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