Crypto enthusiasts can stay updated on the latest news and analysis for popular cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), Solana (SOL), Ripple (XRP), TON, Dogecoin (DOGE), Cardano (ADA), Avalanche (AVAX), and Shiba Inu (SHIB) with TradingView News. Stay informed on Market trends and make informed decisions on your crypto investments.
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Bitcoin is still in a state of uncertainty as the battle between bears and bulls rages on. Glassnode founders Jan Happel and Yana Allemann are optimistic, expecting Bitcoin to soar in the near future.
Despite the indecision, large investors are not hesitating to buy. Market intelligence firm Santiment reported that whale wallets holding between 1,000 and 10,000 Bitcoin acquired nearly $941 million worth of Bitcoin in just 24 hours.
Long-term investors seem unfazed by the current price stagnation. Twitter co-founder Jack Dorsey predicts that Bitcoin could reach $1 million by 2030 and even surpass that level in the future.
Now, the question remains – will buyers defend key support levels in Bitcoin and other cryptocurrencies, or will the bears take over? Let’s take a closer look at the top 10 cryptocurrencies to find out.
Bitcoin is struggling to maintain support above $60,000, facing resistance at the 20-day exponential moving average. A break below $59,650 could lead to a drop to $54,298. However, a move above $65,620 could propel Bitcoin to $73,777.
Ether is trading within a range, with support at $2,850 and resistance at the 20-day EMA. A break below $2,850 could trigger a downtrend, while a move above the EMA could push Ether to $3,350.
BNB bounced off moving averages but lacks momentum. A break above $635 could lead to a rally to $692, while a drop below the moving averages could send BNB to $495.
Solana fell below the 20-day EMA but rebounded. A move above $162 could signal bullish momentum, while a drop below $126 could turn the trend bearish.
XRP remains range-bound between $0.46 and $0.57. A breakout above $0.57 could signal the end of the correction, while a drop below $0.46 could extend the consolidation phase.
Toncoin cleared a key resistance level, signaling a potential uptrend. A move above $7.67 could lead to further gains, while a decline may result in a range-bound pattern.
Dogecoin is struggling to break above the 20-day EMA. A move above $0.17 could trigger a rally, while a drop below $0.12 could signal a bearish trend.
Cardano faces uncertainty between the 20-day EMA and support line. A break below support may lead to a drop to $0.35, while a move above the EMA could push ADA to $0.57.
Avalanche is trading between $29 and $40, with potential for a breakout in either direction. A move above $36 could lead to a rally to $40, while a drop below $29 could trigger a downtrend.
Shiba Inu is stuck in a symmetrical triangle pattern. A break below the triangle could lead to a drop to $0.000017, while a move above the 20-day EMA could signal a bullish trend.
Remember, this analysis is for informational purposes only. It’s essential to conduct your own research before making any investment decisions.
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1. What is Bitcoin (BTC)?
Bitcoin (BTC) is a digital currency that operates independently of a central bank. It can be used for online transactions or investment purposes.
2. How can I buy Ethereum (ETH)?
You can buy Ethereum (ETH) on cryptocurrency exchanges using fiat currency or other cryptocurrencies. Make sure to choose a reputable exchange with good security measures.
3. Is Binance Coin (BNB) a good investment?
Binance Coin (BNB) is the native cryptocurrency of the Binance exchange and has seen significant growth in recent years. However, like any investment, it comes with risks.
4. What is Solana (SOL)?
Solana (SOL) is a high-performance blockchain platform that aims to improve scalability and reduce transaction costs. It has gained popularity for its fast transaction speeds.
5. How can I store my XRP securely?
You can store XRP in a secure cryptocurrency wallet, such as a hardware wallet or a reputable software wallet. Make sure to keep your wallet information safe and back up your data regularly.
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
Win Up To 93% Of Your Trades With The World’s #1 Most Profitable Trading Indicators
