Experts believe Bitcoin will form a “double bubble” before prices retrace
Analysts dismissed Bitcoin's sideways price action from last week, considering that the asset has surged nearly 60% in the month leading up to the horizontal price movement. Experts argue that BTC will have another leg up before concluding its 2021 bull run.
XLM Price Prediction: Stellar buyers are ready for the opportunity to profit
Stellar (XLM) is in a classic bearish trend, with the red descending trend line acting as the backbone for the trade short sellers are in. The XLM price descent comes after hitting the high on August 16 at around $0.41. Since then, the highs kept getting lower, and the R1 monthly resistance at $0.32 quickly showed its support, holding price action up.
MATIC Price Prediction: Polygon hangs by a thread
Polygon (MATIC) is on the verge of breaking lower as buyers try to support price action at $1.32. Buyers have two good reasons to get in here. The volume, however, shows buyers are not convinced that this is the right time.
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Ripple's move above this key level could trigger nearly 50% rally for XRP
Ripple has overcome a critical resistance level and flipped into a support floor on the weekly time frame. This development happened while XRP tightly consolidated for roughly 250 days. Investors can expect XRP to kickstart a massive rally.
Optimism price outlook with nearly $90 million worth of OP tokens flooding markets on Friday
Optimism volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui, which have similar events on their calendars. As token unlocks are often considered bearish catalysts, investors should brace for a reaction after the event.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Retail watches from the sidelines with a bias for shorts
Bitcoin could clear $73,777 peak as BTC bulls resurface. Ethereum might fall 10% before next leg up as ETH RSI teases with sell signal. XRP could lose $0.6000 threshold as Ripple bulls fail to show up.
Jito price could hit $6 as JTO coils up inside this bullish pattern
Jito price action shows a potential cup and handle formation. Based on theoretical measurement rules, a successful breakout could yield a 56% rally to $6.0. A breakdown of the $3.86 support level would create a lower low for JTO and invalidate the bullish thesis.
Bitcoin: BTC may have recovered, but is it out of the woods?
Bitcoin’s (BTC) upward momentum has shown a significant decline for the past two weeks or so. This development led to a bearish signal on the weekly and an uncertain outlook on the monthly.