Avalanche (AVAX) Could Rise 50% If It Breaks $28 Resistance Crypto Analyst

Avalanche has experienced an impressive 25% surge since Wednesday, driven by the Federal Reserves announcement of a 50 bps interest rate cut. This has pushed AVAX to a critical resistance level, which will likely shape its price action in the coming weeks. Currently trading near $28, the token is testing a key supply zone that has analysts and investors paying close attention to its next move. Related Reading: Bitcoin Indicator Signals Shift To Bullish Territory Can BTC Break Past $65,000? Many market participants are optimistic, projecting that a break above this resistance could pave the way for an aggressive rise in AVAXs price. This would likely push AVAX into a new uptrend, potentially leading to fresh highs and even a 50% surge for the token. However, if Avalanche fails to break through this level, it risks a pullback that could see prices retest previous support levels. Analysts are highlighting this moment as crucial for determining AVAXs market direction, as broader crypto sentiment has turned more bullish following the Federal Reserve’s recent decision. With increasing trading volume and investor interest, the next few days will be key in establishing whether Avalanche can sustain its momentum or face a short-term correction. Avalanche Testing Key Supply Levels Avalanche has been one of the top-performing altcoins in recent days, showing impressive strength amid a broader market surge. This recent momentum could be just the beginning of a more significant move for AVAX, as analysts and investors are projecting even larger gains if the token continues to break through key supply levels. One of the most respected figures in the crypto space, Carl Runefelt, shared a bullish technical analysis of Avalanche on X, stating that AVAX has broken out of a falling wedge pattern, a classic indicator of bullish price action. According to his analysis, AVAX successfully retested the wedge and is now targeting medium-term price levels. Runefelts price targets for AVAX are $28, $33, $41.30, and $54, each representing crucial supply zones that the token needs to surpass to continue its upward trajectory. If AVAX hits $41.30, it will reflect a 50% surge from its current price, marking significant progress. Related Reading: Ripple Whales Accumulate Over 380 Million XRP in Just 10 Days: Is A Breakout Near? Currently, Avalanche has formed a new high, confirming its strength. While the price may consolidate before making its next move, many investors believe that this consolidation could be a stepping stone toward a larger surge. With broader market sentiment turning positive after the recent Federal Reserve interest rate cut, AVAX is well-positioned to continue climbing, especially as more investors look to capitalize on its strong technical setup. If AVAX can maintain this momentum, it could potentially lead to significant gains in the medium term. Price Levels To Watch  AVAX is currently trading at $27.39 after testing the daily 200 exponential moving average (EMA) at $28.66. The token has experienced an impressive 40% surge since early September, pushing it closer to crucial supply levels that will likely shape the price action in the coming weeks.  For bulls to maintain momentum and extend the rally, AVAX needs to break through the $28 resistance and reclaim the 1D 200 EMA as support. Doing so would signal a more sustained uptrend and position AVAX for further gains. Related Reading: Crypto Analyst Predicts Dogecoin Will Surge 1,000% Past ATH Price Targets Revealed However, if the price struggles to hold above the $25 mark, a deeper correction could follow, bringing short-term bearish pressure. Despite this risk, there remains a possibility for AVAX to consolidate between $25 and $28, giving the token room to gather strength for a more significant surge in the near future. Investors are closely watching these levels as the market seeks direction. Featured image from Dall-E, chart from TradingView

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Solana Epic Bull Run Is Just Starting 10 Catalysts That Could Drive SOL To $1,000

In a major turnaround, Solana (SOL) has managed to bounce from a 6-month low of $109 to consolidate above the $150 mark in the past 24 hours, solidifying its status as one of the best performers in the market year-to-date. The recent market rally has breathed new life into Solana, but according to crypto analyst [...]

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Bitcoin forming massive bullish wedge pattern as trader eyes $85K

Bitcoins bullish pattern on the chart is signaling to crypto traders a potential 25% price increase from its current level.

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Big banks rush in to test ECBs wholesale distributed ledger tech

The new participants in the European Central Banks DLT tests include major financial institutions.

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Coldriver Exploiting New Malware to Target Western Victims and Steal: Google Report

Recently, a new malware dubbed Coldriver has emerged, targeting Western users through Google services. This sophisticated malware aims to steal sensitive information from unsuspecting victims. Coldriver utilizes various techniques to infiltrate systems, including phishing emails, malicious attachments, and fake software updates. Once installed, the malware monitors the victim’s online activities, captures login credentials, financial information, [...]

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Tron reveals $45K loss from DAO X hack, Curve Finance targeted as well

The TRON Foundation and Curve Finance have recently fallen victim to hacking attacks, highlighting the ongoing risks in the decentralized finance (DeFi) space. These incidents have raised concerns about the security of DeFi platforms and the need for improved safeguards against such threats. TRON’s decentralized autonomous organization (DAO) was exploited by hackers, resulting in the [...]

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Is $77,600 The Next Step For Bitcoin? On-Chain Pricing Model Hints So

Data from a Bitcoin pricing model based on an on-chain indicator suggests that $77,600 may be the level where the asset will see its next peak. Bitcoin MVRV Pricing Bands Could Provide Hints About What’s Next In a new post on X, analyst Ali discussed what the Market Value to Realized Value (MVRV) Pricing Bands model could suggest about the cryptocurrency’s future. The MVRV ratio is a popular on-chain indicator that compares the Bitcoin market cap and realized cap. The former is just the total valuation of the asset at the current spot price, while the latter is a model that calculates the asset’s cap by assuming the “true” value of any coin in circulation is the price at which it was last transferred on the blockchain. Related Reading: Ethereum Whales Come Alive: Are They Buying Or Selling? The previous transfer of any coin on the network was likely the last time it changed hands, and thus, the price at that time would be its current cost basis. As such, the realized cap keeps track of the sum of the cost basis of every investor in the market. Therefore, the MVRV ratio tells us how the value the investors hold (the market cap) compares against the value they put in (the realized cap). Based on this indicator, the on-chain analytics firm Glassnode has developed a pricing bands model. Below is a chart showing what these pricing bands look like. The pricing bands in this model represent levels corresponding to a specific deviation from the mean for the MVRV ratio. From the chart, it’s visible that the cryptocurrency is currently above the price level, corresponding to a +0.5 standard deviation (SD) from the mean for the indicator. More specifically, the price level around $65,100 would be where the MVRV ratio would be +0.5 SD above its mean. The next major pricing band in this model is +1 SD, which currently corresponds to around $77,600. In the past, this level has been where at least local tops have been probable to form for BTC. As is visible in the graph, the rally top back in March also occurred when BTC broke this level. “Based on the MVRV Pricing Bands, if Bitcoin continues to trade above $65,125, the next local BTC top before a brief correction could be around $77,593!” notes the analyst. Related Reading: Crypto Analyst Reveals Trigger For 17% Polygon (MATIC) Rally From the current spot price of the cryptocurrency, a potential rally to a new all-time high of $77,593 would mean an increase of more than 11% for the asset. It now remains to be seen how the asset’s price will develop from here and whether it will be able to maintain above the +0.5 SD MVRV level. BTC Price Since its sharp surge earlier, Bitcoin’s bullish momentum appears to have cooled off as the asset has fallen to sideways movement around the $69,700 mark. Featured image from Kanchanara on Unsplash.com, Glassnode.com, chart from TradingView.com

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Dogecoin Breaks Out Of Bull PennantWhats The Target?

An analyst has pointed out how Dogecoin is showing a break out of a Bull Pennant. Here’s where the target could lie, based on the pattern. Dogecoin Has Just Seen A Surge Beyond Bull Pennant Resistance In a new post on X, analyst Ali Martinez has talked about a pattern that has been forming in the hourly price of Dogecoin recently. The pattern in question is a “Bull Pennant,” which is a type of Pennant from technical analysis (TA). A Pennant forms whenever the price of an asset witnesses consolidation between two converging trendlines following a sharp move. The initial rapid move is known as the ‘pole,’ and the consolidation channel as the ‘pennant.’ Related Reading: Bitcoin Sets New ATH, But This Metric Says No Overheating Yet This arrangement is similar to that seen in Flag patterns, with the main difference between the two being the fact that Flags involve parallel consolidation channels, not triangular ones. Just like other consolidation patterns in TA, when the price is stuck inside the pennant portion, it is likely to face resistance at the upper level and support at the lower one. Pennants are usually considered continuation patterns, so a breakout is more probable to occur in the same direction as the preceding move (that is, the same orientation as the pole). When the pole is pointing in the up direction, the resulting Pennant is called a Bull Pennant. Similarly, it being in the opposite direction forms what’s known as a Bear Pennant. Now, here is the chart shared by the analyst that shows the Bull Pennant that the 1-hour Dogecoin price has potentially been trading inside recently: As is visible in the above graph, Dogecoin was witnessing net consolidation toward the downside inside this Bull Pennant earlier, but now, with the latest rally in the asset, its price has managed to find a break above the resistance line. So far, the memecoin hasn’t gained too much distance over the line, so it’s unconfirmed whether this is a real breakout. In the scenario that it is indeed the case and the governing pattern here is a Bull Pennant, then it’s possible that DOGE could end up seeing a rally of a similar scale as the pole of the pattern. The length of the pole involved in this Bull Pennant puts the breakout target at around $0.31. If the memecoin can manage a run to this mark, then its price would have gone up by almost 30% from the current level. Related Reading: $3.8 Billion In Capital Inflows Behind Ethereums Post-Pectra Surge, Data Shows It now remains to be seen how Dogecoin would develop in the coming days and whether its path would look anything like the one traced by the pattern. DOGE Price At the time of writing, Dogecoin is trading around $0.239, up around 6% in the past week. Featured image from Dall-E, charts from TradingView.com

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Dogecoin Breaks Bullish Pattern, Targets Strong Rally Toward $0.31

According to the crypto analyst ALI, Dogecoin ($DOGE) appears to be emerging from a consolidation phase with strong upward potential. The chart illustrates a well-defined bull pennant, a pattern recognized for its reliability in forecasting bullish continuations. As the breakout surpasses the upper resistance of the pennant, traders and analysts are closely eyeing a projected […]

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France Launches Crypto Security Measures After Targeted Kidnapping Surge

Key Takeaways: Following a recent string of targeted crimes, French authorities have implemented enhanced security measures designed to protect leading figures in the world of cryptocurrencies and their families in response. The move is taken in the wake of two confirmed kidnappings and an attempted abduction of high-profile crypto professionals and their loved ones. These […]

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Bitcoin Price Prediction: $1 Million Target by 2028 Hayes Urges Europe to Withdraw Funds

Arthur Hayes, one of the co-founders of BitMEX, predicts that Bitcoin (BTC) could reach $1 million by 2028. In a recent interview, Hayes expressed his bullish outlook on the future of Bitcoin, asserting that the digital currency is poised for significant growth in the coming years. Hayes also addressed the recent European Central Bank’s decision [...]

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Bittensor TAO Breaks Resistance, Bulls Target $540 With Momentum

Following weeks of sideways movement, Bittensor (TAO) has broken out of its long-standing downtrend firmly, crossing above important resistance levels and reigniting investor interest. Highlights a clear Break of Structure (BOS) above $270 as a confirmation of the reversal thesis quietly building up in the recent sessions. This structural break has more than a symbolic […]

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Tether Targets US Expansion as USDt Market Cap Surpasses $150 Billion

The market capitalization of Tether has reached $150 billion for the first time ever, marking a significant milestone for the popular stablecoin. Tether, which is one of the most widely used stablecoins in the cryptocurrency market, has seen a surge in demand in recent months as more investors seek to hedge their investments against market [...]

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X launches AI-curated audiences for advertisers

X introduces the means for advertisers to define target audiences, while Xs AI generates relevant user pools.

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XRP April Target Of $8 To $13 Still Stands, Says Crypto Analyst

Crypto analyst CasiTrades (@CasiTrades) published a new XRP analysis, highlighting yesterdays intraday plunge to about $1.61 after the widely watched $1.90 level gave way. Overnight we saw $1.90 break down, and price flushed to around $1.61, the analyst commented via X, pointing out that this sudden drop produced new extremes on the RSI across the market and came within striking distance of a previously identified support zone. XRP To Hit $13 In April? Since the crash on Monday, XRP has rebounded significantly, but the analyst now views $1.90 as major resistance at this point and underscores that the breakdown of the 0.5 Fibonacci retracement near $1.90, while disappointing for bulls, may still be consistent with a larger corrective scenario. Related Reading: XRP Confirms Head And Shoulders Breakdown: How Low Can It Go? The chart itself reveals an ongoing corrective Wave 2, as CasiTrades maintains: Ive believed for a while we were in a macro Wave 2. He emphasizes that the breach of the $1.90 support level confirms that corrective pattern more than it invalidates anything. Below $1.90, the next crucial pivot, according to the chart, is the golden .618 retracement, flagged at about $1.55. This area is part of a broader green support band that stretches from approximately $1.45 (the .65 retracement) up toward $1.55 (the .618 retracement). CasiTrades suggests that the price action arriving in this zone might well be the turning point that sets XRP on a path to higher ground. Its exactly what sets up the kind of Wave 3 that breaks through ATHs, she said, while also noting, The next wave should easily break those resistances. Be prepared for this to happen very fast. The relative strength index on CasiTrades chart shows XRP reaching extreme oversold territory amid yesterdays crash, having dropped below 20 before recovering to the low 40s. That bounce, which aligned with price returning from $1.61 toward the $1.90 region, underscores the significance of the short-term retracement. Related Reading: Crypto Pundit Reveals What Will Happen If XRP Price Does Not Break $2.3 Yet the analyst maintains that any definitive bullish confirmation now hinges on whether XRP can stabilize around $1.55 if it continues to slide. If we do bottom near $1.55, it actually strengthens the bullish case for those big April targets$8 to $13 still stands, CasiTrades wrote, reiterating her belief that a successful Wave 3 extension above prior highs could generate a rapid climb into the multi-dollar range. Resistance at $1.90 remains front and center for traders in the immediate term, with CasiTrades remarking that $1.90 resistance test happening now. She believes that if price fails to hold above that threshold on any retest, XRP will likely continue its descent toward the $1.55 mark. From there, the chart suggests a potential wave reversal that, if confirmed, could deliver one of the more important breakouts of this cycle. I still believe this could be one of the most important months XRP prints this cycle, CasiTrades added, underscoring the high stakes surrounding the 0.618 Fib level bear $1.55 and the possibility of a new bullish impulse forming in the near future. Whether XRP can regroup and power through the $1.90 ceiling after dipping to the golden pocket remains the central question. At press time, XRP traded at $1.86. Featured image created with DALL.E, chart from TradingView.com

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Beware: Scammers Targeting Seed Phrases with Deceptive Letters

Scammers Target Ledger Users with Phishing Letters In recent times, scammers have been targeting Ledger users with a new phishing scam that involves sending fraudulent letters to steal recovery seed phrases. This clever tactic preys on unsuspecting individuals who may not be aware of the potential risks associated with sharing sensitive information. Ledger, a popular [...]

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Solana (SOL) Bullish Breakout: How Solana Price Could Surge to $290 in 2025

Solana (SOL) is positioning itself as one of the top cryptocurrencies to watch in 2025, with signs pointing toward a major bullish breakout. After a period of market volatility, Solana has demonstrated remarkable recovery, and its price is showing signs of substantial growth. Heres an in-depth look at the factors driving Solanas potential upward movement […]

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Dogecoin Set to Skyrocket? Massive Breakout Could Trigger $1 Surge

Dogecoin (DOGE) is showing strong signs of a significant bullish breakout. Over the past week, DOGE has climbed nearly 16%, aligning with the broader markets upward trend. This consistent growth signals the potential start of a powerful move that could drive the meme coin toward new heights. Currently trading at $0.1815, Dogecoin boasts a 24-hour […]

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HBAR Forms Bullish Patterns, Targets $0.335 and $0.525 in Breakout Move

Hedera (HBAR) has caught the attention with promising technical patterns signaling a potential price surge. Hedera is holding strong above its crucial support level and aiming to test resistance to start its upward journey. HBAR recently hit its low at $0.1262, triggered by market volatility, but was able to hold support and strongly rebound from […]

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Render (RNDR) Price Prediction: Can It Break $4.28 and Hit $6.70?

Render (RNDR) is on the way to its positive trajectory and experiencing a surge in its price against market volatility and macro factors. However, the overall market is showing signs of stability because Bitcoin is moving around its initial key support levels. The RNDR price today is $3.96 with a 24-hour trading volume of $104.01M […]

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