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Solana Surges Past $50, Setting Off A Milestone Following A Year Full Of Bearish Sentiment And Dormancy 

In a huge forward leap, Solana has penetrated through the $50 resistance level without precedent for more than a year. This advancement lines up with the more extensive bullish trend found in driving cryptocurrencies, with Ethereum breaking through the $2,000 price mark and Bitcoin testing the $38,000 threshold. Although Bitcoin is currently trading at $37k levels.  Massive Price Action And ROI As of the most recent information, Solana is presently exchanging at around the $51.2 price level, mirroring a noteworthy surge of more than 11% within the last 24 hours. This resurgence positions Solana in a positive light, displaying its versatility and potential to flourish in the ongoing bullish market. This is a remarkable milestone as this implies a monstrous 260% ROI this year alone for $SOL. https://twitter.com/mycoinecho/status/1723009503975645401?t=laL9SBtmTIimHwA-A1Tnqw&s=19 Back To Fight For The Top Spot Of Smart Contract's Platform The significant […]

Will Izuchukwu November 10, 2023

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (November 7) – BTC Sets For More Increase As $36k Becomes Obstacles, Will It Break Higher?

Bitcoin’s price remained stuck under $36,000 for almost a week following a massive surge in the previous month. However, it may continue to face serious hurdles if that price level holds firmly. Since the primary coin reached the high of $35,984 last week, it has been finding it difficult to advance higher for a while as it took a brief break in buying in the past two weeks – Bitcoin’s volatility has dropped! Meanwhile, this came after exploding by roughly 40% in October. It opened a bit weak today, but now looking strong as it climbed back above $35,000 a few hours ago. A continuous push (particularly above the $36,000 level) could send the price into a higher trading range. From the look of things, Bitcoin is likely to claim more highs before it can provide a discount in the […]

Michael Fasogbon November 8, 2023

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News

Active Bitcoin Addresses And Dormant Tokens Indicate Bullish Signs

Amidst the ebb and flow of the cryptocurrency market, Bitcoin is displaying promising signals that could reassure investors concerned about a potential retracement. The cryptocurrency giant is maintaining a high pace of active addresses, and what's even more intriguing is the movement of dormant tokens. These indicators collectively suggest that Bitcoin's bullish momentum might be here to stay. https://twitter.com/santimentfeed/status/1717584903439884382?t=Oei7WNtW-JGXdwoSKloEOw&s=19 One notable statistic is that Bitcoin has witnessed its third consecutive day with well over 1 million unique addresses actively transacting. This surge in user activity demonstrates a substantial increase in Bitcoin usage. It reflects growing adoption and a vibrant ecosystem, which is often considered a positive sign for the digital asset. Furthermore, the dip in the age of Bitcoin investments signifies a reduction in coin stagnancy. When long-held coins start moving, it typically indicates increased utility and market activity. Investors […]

Will Izuchukwu October 26, 2023

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 23) – BTC Forms Fresh Bullish Pattern Following 12% Gains in a Week, Imminent Breakout Ahead?

Bitcoin advanced higher following a steady rebound from a two-week retracement. It looks prime for a big price movement with a new bullish formation. The reverse would be the case if this formation fails to play.  Bitcoin started this month in a correction mode and later found support after two weeks of drops. This came as a retest of the breakout of the two-month resistance line – which later became a support after a nice rebound. After that, the price increased consistently for two weeks due to an enhanced volume inflow and increased demand – immensely contributed by the bulls' reinforcement. As a matter of fact, these periods marked the most volatile buying session for the primary cryptocurrency since June.  Despite facing several hurdles on the way up, BTC managed to test exactly a daily high of $30,986 – marking […]

Michael Fasogbon October 23, 2023

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 16) – BTC Bounces Strong Above $27,000, Gains 3% Overnight Amid Fresh Buy

Bitcoin regains strength and starts this week greenish following a strong bounce above $27,000 in the past hours. It looks poise for a massive rally as the bulls stepped back. It saw a 3.5% increase overnight as more lies ahead. Last week, Bitcoin pulled back from a crucial resistance level after surging by almost 20% in September. It managed to find support above the $26,500 level and remained calm for days due to low volatility.  As buying volume increased yesterday, the bulls took advantage of it and pushed the price above the $27,000 level. They reiterate actions today and advance buying to $27,800 at the time of writing.  With the latest price setups, it is essential to note that a breakout and retest pattern has been validated on the daily chart. In addition, a double-bottom pattern is in play. More […]

Michael Fasogbon October 16, 2023

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Market Analysis

BITCOIN PRICE ANALYSIS & PREDICTION (October 12) – BTC Loses $27k As Volume Indicator Continues To Flat – Potential Crash Ahead?

After bouncing off a crucial six-month low in mid-September, Bitcoin saw a 15% recovery in two weeks and retested August’s support as resistance. It initiated a fresh drop from there and now looks weak on a daily. Last week, Bitcoin tested the $28,620 level following a mini-rally in the past month. The bears reacted strongly to the price level and the rally halted with a rejection. That action triggered a drop and the leading coin resumed bearish. This week, the volatility expanded notably and the price fell to the low of $26,600 yesterday, which is considered a retest of last week’s break out of a resistance line. The low-price level was rejected, with a slight bounce as it now changes hands at around $26,800.  The break and retest pattern may become valid if the bulls show a strong reaction above […]

Michael Fasogbon October 13, 2023

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