Analyst Hints Bitcoin Price Recovery Might Be Underway Heres Why

Crypto analyst Ali Martinez has offered an exciting bullish projection for the Bitcoin price. This analysis is even more interesting for the premier cryptocurrency after it fell to a multi-month low over the past week. Is A Return To $60,000 On The Cards For BTC Price? In a new post on the X platform, Martinez shared an interesting analysis of the Bitcoin price, explaining that the coin might be primed for a run to the upside. This is based on two bullish candlestick formations on the three-day chart. Firstly, the pundit noted that the price of BTC is forming a doji candle pattern on the three-day timeframe. As shown below, the specific candlestick pattern developing on the Bitcoin chart is the Dragonfly doji, which looks like a cross or plus sign but with its horizontal line close to the top. Related Reading: Finance CEO Raoul Pal Says Crypto Will Reach $100 Trillion Market Cap Heres When Typically, the dragonfly doji candlestick pattern is an indicator of a potential reversal depending on the price action. Considering that the market has been in a correction in recent days, a reversal would mean a movement of the Bitcoin price to the upside. It is worth noting that the dragonfly doji is not the most reliable signal of an imminent price reversal, as the indicator can be a sign of indecision amongst investors. However, Martinez pointed to another bullish formation that might also be indicating a potential trend reversal. The second bullish formation is based on the Tom Demark (TD) Sequential, which is used in technical analysis to spot potential points of trend exhaustion and price reversal. Martinez said that the indicator has flashed a buy signal on the three-day Bitcoin price chart. Typically, the TD Sequential is made up of two major phases, namely the setup and the countdown. The price of Bitcoin just completed the setup phase, which is made up of nine consecutive candles that closed lower than the candle four periods ago. The potential reversal point appears when the TD Sequential forms the number 9 on top of a candle in a bullish or bearish trend. As shown in the image highlighted by Martinez, the number 9 is on the doji candle suggesting a possible reversal. The question that will be on the minds of most investors is whether the premier cryptocurrency will return to $60,000. While the recent chart formations are suggesting an upward rally, it is difficult to pinpoint the magnitude of the potential bullish run. Bitcoin Price At A Glance As of this writing, the price of Bitcoin is on the verge of $58,000, reflecting a 2.7% gain in the last 24 hours. However, the market leader is still down by more than 5% in the past week. Featured image from iStock, chart from TradingView

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Solana Cooling Off After 16% Surge? TD Sell Signal Goes Off

An analyst has pointed out how Solana is forming a Tom Demark (TD) Sequential sell signal on three of its charts, which could lead to a cooldown for the asset. Solana Has Just Witnessed A Sell Signal On Three Timeframes In a new post on X, analyst Ali Martinez has discussed the TD Sequential signals [...]

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Shiba Inu, Solana, & Cardano Are All Seeing Buy Signal: Analyst

An analyst has pointed out how Shiba Inu (SHIB), Solana (SOL), and Cardano (ADA) are among the altcoins seeing a buy signal on this indicator. Shiba Inu, Solana, & Cardano Form Buy Signal Following Market Crash In a new post on X, analyst Ali Martinez has talked about how a Tom Demark (TD) Sequential signal has formed for Shiba Inu, Solana, and Cardano recently. The “TD Sequential” here refers to an indicator in technical analysis (TA) that’s generally used for finding probable points of reversal in any asset’s price. This indicator typically involves two phases: setup and countdown. In the first of these, the setup, successive candles of the same color are counted up to nine. Once the chart has registered these nine candles, the price may be assumed to have hit a position of turnaround. Related Reading: Bitcoin Forms Bullish Signal That Led To At Least 60% Jump Last 3 Times Naturally, if the setup has completed with green candles, then the asset could be considered to have reached a top. Similarly, if it has finished with a downtrend, the price may be heading towards a rebound to the upside. Once the setup is done, the countdown phase begins. This second phase looks much like the first one, except for the fact that it involves thirteen candles of the same type, rather than nine. When the countdown is over with, the asset could be assumed to have reached another potential point of reversal. It would appear that three altcoins, Shiba Inu, Solana, and Cardano, have just completed a TD Sequential phase of the former type in their daily charts. Here are the graphs shared by the analyst that show this signal forming in the prices of these cryptocurrencies: As is visible in each chart, these altcoins have formed this TD Sequential pattern with red candles, meaning that the indicator is now giving a buy signal for them. The signal has appeared for Shiba Inu and company as a result of the downtrend that they have been experiencing recently. Respite may finally be here for these assets, though, if the indicator is to be believed. Related Reading: Bitcoin Whales Switching To Risk-Off Mode After $61,000 Crash In fact, since the buy signal has emerged, the coins have already started on a rebound. Among these, Solana has particularly stood out with its 9% jump in the past 24 hours. It now remains to be seen how long this renewed uptrend will last for these coins, especially for Cardano and Shiba Inu, who have so far only seen surges of 5% and 4%, respectively. SHIB Price The past month has been a terrible time for Shiba Inu investors as the memecoin has declined by more than 30% in this period, which has sent its price down to $0.0000173. The below chart shows how the coin’s performance has looked like recently. Featured image from Shutterstock.com, charts from TradingView.com

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XRP Price Repeating History? 2017-Like Rally To Send Price To $10

Crypto analyst ArShevelev has raised the possibility of history repeating itself for the XRP price. If so, the analyst indicated that the altcoin could witness a 2017-like rally, which would send its price to double digits.  XRP Price To Reach $10 If History Repeats Itself In a TradingView post, ArShevelev predicted that the XRP price could reach as high as $10 if history repeats itself. He remarked that the current XRP chart screams déjà vu with the altcoins price action mirroring the 2014 to 2018 cycle. The analyst noted that XRP broke out from its 2014 all-time high (ATH) in 2017, leading to a massive rally. Related Reading: XRP Price Is Eyeing Another Breakout To $4: Analyst Says Watch This Level A similar setup is playing out for the XRP price, but with a twist. ArShevelev stated that XRP is struggling to break through the 2018 ATH resistance zone around $3.31, which he claimed reminded him of the breakout consolidation phase in 2017. The analyst added that this consolidation has historically led to a breakout, and the chart hints at a potential repeat. He affirmed that the price could witness a parabolic move if it breaks out soon, potentially targeting much higher levels. However, the analyst warned that the current resistance is a tough hurdle, and XRP might pull back to lower supports if it fails. ArShevelev also provided key levels to watch out for.  He highlighted $3.31 as the major resistance while $1.643 is the major support. The breakdown risk is $0.650, meaning the XRP price could still drop to last years lows. The analyst admitted that he isnt fully convinced about the setup but considers it intriguing. He added that this could be XRPs moment to shine.  The Altcoin Needs To Break Out Of Its Current Range Crypto analyst Ali Martinez recently highlighted the need for the XRP price to break out of its current range. In an X post, he stated that the key levels to watch are $2 and $2.26. The analyst added that a decisive close outside this range could set the tone for the next major trend.  Related Reading: XRP Price Breaks Above Magic Line With Bullish Continuation Toward $3 Martinez looks to be favoring a downtrend for the altcoin’s price in the short term. In another post, he stated that XRP could be due for a retracement, with the TD Sequential flashing a sell signal on the 3-day chart.  Crypto analyst CasiTrades also didnt rule out a possible correction for the XRP price. However, she claimed the altcoin could bounce off key supports to new highs, noting that momentum was building. She revealed that the RSI is showing signs of selling exhaustion on the lower timeframes, and the price action is beginning to compress. This often signals a bigger move is on the horizon.  At the time of writing, the XRP price is trading at around $2.17, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

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Will Filecoin Bounce? Key Indicator Points to Yes

Filecoin (FIL) hovers at key support with a TD Sequential buy signal suggesting a potential rebound. But traders watch for confirmation

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Injective (INJ) Buy Signal That Led To 700% & 555% Rallies Forms Again

An analyst has pointed out that Injective is forming a buy signal that previously led to 700% and 555% rallies for the assets price. Injective Is Forming A TD Sequential Buy Signal On Its Weekly Chart In a new post on X, analyst Ali Martinez has discussed a Tom Demark (TD) Sequential signal that has [...]

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Ethereum Rally Looms: Analyst Predicts ETHs Next Stop Is $5,300

Titan of Crypto, a well-known cryptocurrency trader and expert, in a daring prediction that has drawn the attention of the crypto community, forecasting an impending significant rally for Ethereum (ETH) to unprecedented heights while putting his next price target for the crypto asset at the pivotal $5,300 level. The analyst’s prognosis indicates that Ethereum, fueled by favorable market circumstances and rising investors’ confidence, is poised for massive gains. This forecast comes at the heel of ETH’s recent robust price performance and increasing market optimism. Ethereum Path To Massive Rally In February, Titan of Crypto hinted at the formation of a Bullish Cypher Pattern on Ethereum‘s weekly chart. “Just like for Bitcoin, a bullish cypher pattern is currently playing out on ETH weekly chart as well,” he stated. Related Reading: Ethereum Price Rally: Far from Over, More Gains Ahead! Due to this, the expert pointed out several targets for the asset to reach in the near term, such as $2,410, $2,881, $3,353, and $4,024, indicating a 38.20%, 50.00%, 61.80%, 78.60% upswingm respectively, from the current price then. Earlier this month, Titan of Crypto noted that the bullish cypher pattern has successfully developed, and the aforementioned price targets have all been achieved, suggesting a substantial rally is on the horizon. At that time, the crypto expert underscored that ETH was at the 38.2% Fibonacci retracement level, which he also dubbed the 1st stop ($2,880). Should the coin manage to sustain this level, Titan of Crypto anticipates a move on the upside from the level. However, today, as predicted by the expert, Ethereum performed a flawless recovery from the 1st stop ($2,880) point. As a result, the crypto asset is currently forming a bull flag pattern on the weekly timeframe, citing $5,300 as the next price target for ETH to reach.  However, this is not the final destination, suggesting the potential for Ethereum to surge even higher in the upcoming months. With ETH displaying strong price performance, it could mean that the Altcoin season could be coming into play in the near future. Indicator That Suggests A Price Correction On The Downside Although Titan of Crypto anticipates a massive rally for ETH, Ali Martinez has underlined the potential for the asset to decline soon.  According to Ali Martinez, the TD Sequential indicator on Ethereum’s 4-hour timeframe on May 15, previously displayed a promising buy signal. This development practically led to a 32% rise in the price of Ethereum. Related Reading: Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000 However, now that the ETH Spot Exchange-Traded Funds (ETFs) are generating so much buzz, the indicator has transitioned to a sell signal. Consequently, Ali Martinez predicts a downward correction of one to four candlesticks. At the time of writing, ETH had increased by over 28% in the past week, trading at around $3,728. Despite the recent price momentum, the asset’s market cap and trading volume are down by 1.56% and 28%, respectively. Featured image from iStock, chart from Tradingview.com

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PEPE: There is a Sell Signal Present on the daily chart: Price Drop Soon?

There could be a short-term decrease in PEPE's price because of the sell signal shown by the TD Sequential indicator.

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Analyst Pinpoints $61,500 As Critical Bitcoin Price Level To Monitor

Amidst the recent decline in Bitcoin’s price and the general cryptocurrency market, popular cryptocurrency analyst and enthusiast Titan of Crypto has highlighted the $61,500 price level as a crucial threshold to watch for the largest cryptocurrency. Titan of Crypto analysis examines the aforementioned level as a pivotal point for Bitcoin that could determine the coin’s next price trajectory. $61,500, A Level To Watch For Bitcoin Today, May 14, BTC witnessed a sharp decline to nearly $61,500, demonstrating little momentum for a price recovery. While many would see this as a worrying development, Titan of Crypto considers it a noteworthy development. He sees this level as significant and is one to watch out for for Bitcoin. The crypto expert further warns of an impending volatility in the market around Federal Reserve Chair Jerome Powell‘s speech later today. Thus, Titan of Crypto has urged the community to remember that it’s better to hold off on making decisions until after the BTC daily candle closes and until the next one confirms the previous one. The post read: Bitcoin $61,500 is the level to watch. Expect volatility in the markets around today’s Powell speech. In any case, remember it’s wiser to wait for the BTC daily candle close and confirmation with the following one before jumping to a conclusion. Although the expert anticipates volatility for Bitcoin, he is confident that the crypto asset’s bull run is far from over, suggesting a movement on the upside is still possible.  Related Reading: Why Bitcoins Post-Halving Rally Is Certain, Analyst Explains According to Titan of Crypto, Bitcoin’s Risk-Adjusted Return Oscillator (RAR) indicator has recently moved into the overbought area. However, the analyst asserts that this does not call for alarm, given that Bitcoin took over eight months to peak following the development based on previous bull cycles. Looking at Bitcoin’s price action from the daily timeframe, the expert confirms that the digital asset is “looking good.” As a result, BTC is following the bullish target to unprecedented heights, specifically around $112,185. “This game is a zero-sum game where impatient people give their money to the patient,” he added. Possible Retracement To $62,000 While Titan of Crypto anticipates a rally, Ali Martinez, another crypto, has predicted an early price retracement. The expert has highlighted the possibility for BTC to decline to $62,000 in the short term. According to the analyst, the 4-hour chart’s 200 Exponential Moving Average (EMA) appears to be rejecting Bitcoin, whereas the TD Sequential indicator suggests a sell signal. Should the development be confirmed, Martinez expects BTC to drop to $62,000.  Related Reading: Bitcoin Bearish Signal: Analyst Predicts Potential Dip To $52,000 However, for BTC to witness an upward movement, it needs to maintain a 4-hour candlestick close above the $64,000 threshold. Thus, with the coin trading below the $62,000 level, Martinez’s prediction appears to have already manifested. At the time of writing, the coin was trading at $61,512, indicating about 1.98% in the past day. Its trading volume was up by 9.67%, while its market cap was down by 2.65% in the last 24 hours. Featured image from iStock, chart from Tradingview.com

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Arbitrum Prints TD Buy Signal: Trend About To Flip?

An analyst has pointed out how Arbitrum (ARB) has formed a Tom Demark (TD) Sequential buy signal on its weekly chart recently. Arbitrum May Have Hit A Point Of Reversal According To TD Sequential In a new post on X, analyst Ali has discussed a TD Sequential signal that Arbitrum has observed in its weekly [...]

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Polygon Observes Buy Signal: Analyst Suggests MATIC Rebound To This Level

An analyst has explained how a buy signal forming in the price of Polygon (MATIC) could lead to the asset rebounding towards these price targets. Polygon Is Showing A TD Sequential Buy Signal Right Now In a new post on X, analyst Ali has discussed about the a Tom Demark (TD) Sequential signal forming in [...]

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Bitcoin Bearish Signal: Analyst Warns Of Potential Drop To $59,000

Amidst the anticipated positive effect of the recently concluded Bitcoin Halving event, Ali Martinez, a well-known cryptocurrency analyst and trader has issued a noteworthy warning about BTC’s trajectory, predicting that the price of the crypto asset could undergo a correction to the $59,000 mark. Potential Declines For Bitcoin Martinez’s analysis delves into the potential for Bitcoin to experience possible dives on the downside in the short term. Considering the BTC’s chart in the 12-hour timeframe, the analyst noted that two signals have manifested signaling potential price declines. Related Reading: Analyst Points To Possible 30% Bitcoin Correction, Calls For Caution These include a red candlestick from the TD (Tom Demark) Sequential and a death cross between the 50 and 100 Simple Moving Average (SMA). As a result, Martinez believes that the development could trigger a price drop to $63,300. Additionally, he urged the community to be ready for further dips to around $61,000 and $59,000. Martinez previously highlighted that the TD Sequential indicator on the 12-hour chart has flashed a sell signal. This signal came in light of Bitcoin experiencing a mid-level resistance of a parallel channel. Given this, he underscores a cautious approach amidst times like this, given the history of this indication, especially in the event that the digital asset falls below the $65,500 support level. According to the expert, the trend score for the coin’s accumulation has fallen to zero. Specifically, this suggests that whales are either distributing or not hoarding BTC at the moment. It seems Martinez’s forecast has taken place as BTC is already trading below the aforementioned support level. Following the price decline, Bitcoin has also seen a notable drop in accumulation. Over the past few weeks, there has been consolidation in Bitcoin’s price as it has been unable to sustain its surge over its all-time high of $73,000 achieved in March. On Thursday, BTC witnessed a notable drop to around $63,000, which higher inflation and slower growth in the United States were considered to be a catalyst for the drop. BTC’s Path To $1 Million Even though there have been some short-term swings with Bitcoin, its long-term trend is still positive. Jack Mallers, the Chief Executive Officer (CEO) of Strike has predicted a long-term growth for BTC to a whopping $1 million. Related Reading: Samson Mow Gives Reasons Why Bitcoin Price Could Reach $1 Million This Year Mallers shared his perspective on the digital asset’s future trajectory during an interview with David Lin. The financial instability in the bond markets, which significantly involves banks, is the foundation upon which Maller draws his projection. He asserts that significant liquidity infusions could result from the possible rescue needed to stabilize these markets, driving up the price of assets like Bitcoin. Mallers believes BTC’s value will rise, underlining the limited availability of BTC when paired with rising demand. At the time of writing, BTC was trading at $64,207, indicating a 0.72% increase in the last 24 hours. Despite the crypto asset showing positive signs, its trading volume is down by over 8% in the past day. Featured image from iStock, chart from Tradingview.com

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Bitcoin Forms Death Cross & TD-9 Sell Signal: Brace For Impact?

An analyst has explained how Bitcoin is forming both a death cross and TD sell signal, which may lead to potential dips in these targets. Bitcoin Looking In Trouble As 12-Hour Chart Forms Two Bearish Signals In a new post on X, analyst Ali discussed two signals that have recently formed in Bitcoin’s 12-hour chart. The first of these is a “death cross,” which occurs when an asset’s short-term simple moving average (SMA) dips below its long-term SMA. Related Reading: Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply Regarding the death cross, the 50-day and 100-day SMAs make up for the short-term and long-term trend lines. Historically, such formations have been considered bearish signals, with the price potentially suffering once the pattern is confirmed. The other signal that has appeared for the cryptocurrency involves the Tom Demark (TD) Sequential. This indicator is popularly used for finding locations of probable tops and bottoms in any asset’s price. The TD Sequential has two phases: the “setup” and “countdown.” The first phase, the setup, is said to be complete once the asset has gone through nine candles of the same polarity. After these nine candles, the price may have reached a likely reversal point. Naturally, if the candles in the setup’s formation were red, then the signal would be a buy one, while if the prevailing trend were bullish, the reversal would be towards the downside. Once the setup is complete, the countdown phase begins. This phase works much like the setup, except that candles are counted up to thirteen instead of nine. After the countdown’s completion, the commodity may be assumed to have reached another potential top/bottom. Now, here is the chart shared by Ali that highlights how signals about both of these technical analysis patterns have been witnessed in the 12-hour price of Bitcoin recently: The two signals that the 12-hour BTC price has formed in recent days | Source: @ali_charts on X As is visible in the graph, the 12-hour price of Bitcoin first saw a death cross form with the 50-day SMA moving under the 100-day SMA. Then, it observed the completion of a TD Sequential setup, with the indicator suggesting a reversal to the downward direction. Since this double bearish pattern has appeared, BTC has been heading down, suggesting that these signals may already be in effect. “If BTC falls below $63,300, brace for possible dives to $61,000 or even $59,000,” says the analyst. Related Reading: Newbie Bitcoin Whales Hold 2x As Much As Veterans: Whats Behind This Trend? From the current price of the cryptocurrency, a potential drawdown to the first of these targets would mean a decline of 4.6%, while one to the latter level would suggest a drop of nearly 8%. BTC Price So far, Bitcoin has managed to prevent falls under the $63,300 target listed by the analyst, as it currently floats around $64,000. Looks like the price of the coin has lost its earlier recovery during the past 24 hours | Source: BTCUSD on TradingView Featured image from Shutterstock, charts from TradingView.com

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Ethereum Price Eyes $2,700 As Wyckoff Accumulation Nears Completion

Crypto analyst Incognito has predicted that the Ethereum price could soon rally to as high as $2,700. This bullish prediction comes despite ETHs underperformance so far, with the altcoins market share already dropping to new lows. Ethereum Price Could Rally To $2,700 As Wyckoff Accumulation Nears In a TradingView post, Incognito predicted that the Ethereum price could witness a big move to $2,700 with the Wyckoff accumulation almost over. He remarked that if support holds, the ETH should see a breakout of the falling wedge. The analysts accompanying chart showed that $2,499 is the target for the falling wedge, while $2,700 is the second target that Ethereum could reach on this breakout.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Heres Why However, Incognito warned that this could be a huge trap to shake out sellers, so he advised market participants to be looking to take profits. In the meantime, the Ethereum price could indeed break out to the upside, especially with the Bitcoin price attempting to reclaim the $90,000 level.  The Ethereum price is likely to reach new local highs if Bitcoin can sustain this bullish momentum, given their positive correlation. In an X post, crypto analyst Ali Martinez remarked that this week would be big for ETH as the TD Sequential just flashed a buy signal, hinting at a potential shift in momentum.   Martinez also raised the possibility of the Ethereum price recording a new bull rally. For that to happen, he mentioned that ETH needs to break the supply wall at $2,330. The leading altcoin could face significant selling pressure at that range, as 12.62 million addresses bought 68.63 million ETH around that range.  ETH May Have Already Bottomed In an X post, crypto analyst Titan of Crypto suggested that the Ethereum price has already bottomed or may be bottoming out. He revealed that the leading altcoin is progressing within a giant ascending channel on the macro chart. His accompanying chart showed that ETH could rally to as high as $4,200 following this bullish reversal.  Related Reading: Ethereum Price Suffers 77% Crash Against Bitcoin, On-Chain Deep Dive Reveals Reasons Why Crypto analyst Hardy also echoed a similar sentiment, suggesting that the Ethereum price has already reached its bottom. He noted that ETHs weekly candle close was bullish and a good indicator of a potential reversal at the key support level around its current price. His accompanying chart showed that Ethereum could rally to as high as $4,300 on this bullish reversal.  Ethereum price reclaiming the $4,000 level could pave the way for a rally to a new all-time high (ATH). Crypto analyst Crypto Patel predicted that ETH could reach between $6,000 and $8,000 by the end of the year.  At the time of writing, the Ethereum price is trading at around $1,639, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Crypto Analyst Sounds Buy Alarm For Dogecoin Can DOGE Price Reclaim $0.2?

The DOGE price has largely struggled to make a return to $0.2 since losing this price level early in April. And the meme coin has mostly been on a descent over the past few weeks, going as low as $1.4 at some point. However, the tides appear to be shifting for the Dogecoin investors, with the meme token putting in a positive price performance in the past week. The double-digit gain and optimistic price action over the last seven days haven’t gone unnoticed by experts, as many anticipate a continued bullish run for the DOGE price in the near future. Is A Price Rally Imminent For Dogecoin? Prominent crypto analyst Ali Martinez took to the X platform to share an interesting analysis and projection for the Dogecoin price. According to the pundit, DOGEs recent price action is signaling a potential rally to the upside over the coming days. Related Reading: Battle For The Halving Block: Bitcoin Users Spend Record $2.4 Million On Block 840,000 The reasoning behind this bullish prediction revolves around the TD (Tom Demark) Sequential indicator. Martinez mentioned that this indicator has flashed a buy signal on Dogecoins daily chart, suggesting that a price upswing lasting between one to four days might be on the cards. The Tom Demark Sequential is an indicator in technical analysis used to identify potential points of trend exhaustion and price reversal. Typically, the TD Sequential indicator comprises two major phases known as the setup and the countdown.  The setup phase consists of nine consecutive candlesticks depending on whether the token is in a bullish or bearish trend. The countdown phase, on the other hand, consists of 13 consecutive candlesticks, which start immediately after the completion of the setup.  DOGE price chart showing the setup phase | Source: Ali_charts/X In the chart highlighted above, the DOGE price just completed the nine-candle setup phase, which may be signaling a potential price reversal. Given that this phase was mostly formed by bearish candles, the TD Sequential might be indicating a bottom for Dogecoins price. Ultimately, it is likely that investors will see the DOGE price return to $0.2 if the potential rally produces four consecutive bullish candles. However, they might keep an eye out for the formation of the countdown phase. The completion of the countdown phase on Dogecoins daily chart could signal an even stronger and longer-lasting price reversal. This could see the meme token break out of its current bearish trend and gather some momentum for higher price levels. DOGE Price At A Glance As of this writing, the DOGE price stands at around $0.1618, reflecting a significant 4.7% increase in the past 24 hours. Related Reading: Shiba Inu (SHIB) Price Jumps On Growing Support From 1.4 Million Holders DOGE price showing signs of resurgence on the daily timeframe | Source: DOGEUSDT chart on TradingView Featured image from iStock, chart from TradingView

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Uniswap Resurgence Incoming? Analyst Predicts 30% Surge For UNI Price

Uniswaps native token, UNI, has been struggling in terms of its price action over the past few weeks. Although the general state of the crypto market may be blamed for this gloomy price performance, other factors, such as the Wells Notice from the US Securities and Exchange Commission (SEC) to the Uniswap protocol, have also played a role. However, the UNI price appears to be recovering well, as the token has jumped by more than 2% in the past day. A popular crypto pundit on X has predicted that a bullish rally might only just be beginning for the DeFi coin, but the question is – how far can Uniswaps price go? Analyst Sets $10 Target For Uniswap Price In a recent post on the X platform, prominent crypto analyst Ali Martinez put forward an exciting bullish prediction for the price of UNI. According to the expert, the cryptocurrency might be getting ready for a run to the upside in the coming days. Related Reading: Injective Votes On Major Upgrade To Make INJ Even More Deflationary: Will Prices Recover? The rationale behind this bullish prognosis for the Uniswap token is based on the TD (Tom DeMark) Sequential Indicator. The Tom Demark Sequential is an indicator in technical analysis used to identify the probable time and points of trend exhaustion and price reversal. Uniswap's daily price chart | Source: Ali_charts/X The TD Sequential indicator consists of two stages, namely the setup and the countdown phases. As shown in the chart above, UNIs price just completed the setup phase, which comprises nine consecutive candles that closed lower than the candle four periods ago. The completion of this phase usually signals a potential trend reversal for the tokens price. The direction of the reversal depends on the type of candles that formed the setup (I.e., red candles would suggest a bottom for the asset, while green candles would imply a top). Martinez noted in his post that the TD Sequential has flashed a buy alarm on the UNI daily chart, and the token might be gearing up for a 1 – 4-day rally. According to the analyst, the DeFi coin could jump as high as $10, representing an over 31% surge from the current price point. UNI Price Overview As of this writing, the price of UNI stands at around $7.46, reflecting a 2% jump in the past 24 hours. However, this latest price increase is not enough to bring the coin to profit on the weekly timeframe. Related Reading: Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low? According to CoinGeckos data, Uniswaps price is down by more than 4% in the past seven days. The cryptocurrency would look to regain the $10 level, having lost it due to the news of the SECs looming action.  UNI price showing signs of recovery on the daily timeframe | Source: UNIUSDT chart on TradingView Featured image from Uniswap Labs, chart from TradingView

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Ethereum In 2024 Vs. 2025: What Important Technical Indicators Are Saying

Crypto analyst Tony Severino has drawn similarities between Ethereums price action in 2024 and this year. Specifically, the analyst highlighted important technical indicators and what they are saying about ETHs future trajectory.  Ethereums Price Action In 2024 Vs. 2025 Based On Important Technical Indicators In an X post, Tony Severino provided a Japanese candlestick, TD Sequential and Parabolic SAR analysis of the 2024 and 2025 Ethereum price action. He noted that ETHs 2024 candle made a lower high both on a candle close and wick high basis. On the other hand, he revealed that 2025s candlestick is currently a bearish engulfing with the candle body fully engulfing 2024s candlestick and is entering 2023s candle body.  Related Reading: Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming Meanwhile, Severino stated that the yearly support is drawn at $735, while the Parabolic SAR is at $370. He also remarked that the TD Sequential count is now on a red 1, potentially denoting the start of Ethereum’s first ever yearly downtrend. The analyst assured that it is still very early to worry about a yearly candlestick that has ten more months to close.  Ethereum is currently in a downtrend, having dropped below $2,000 yesterday for the first time since December 2023. Although ETH has recovered above this psychological level, concerns remain about its current price action. As Severino noted, the Ethereum price could be facing its first-ever yearly downtrend.  Ethereum began the year in an unusual manner, recording a negative monthly close in both January and February, the first time this has happened. Crypto analyst Ali Martinez warned that the Ethereum price could still drop to as low as $1,600 or even $1.200, having broken below the lower boundary of a parallel channel.  ETHs Bottom Might Be In In an X post, crypto analyst Titan of Crypto asserted that Ethereums bottom is in. He revealed that the 2024 low has been swept on ETHs perpetual daily chart, tapping into what the analyst believes is the most significant point of interest for a potential reversal. The analysts accompanying chart suggested that the Ethereum price could still come close to or even reach its current all-time high (ATH).  Related Reading: Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle In the short term, the Ethereum price is still expected to rebound. The analyst revealed that two ETH CME futures gaps remain unfilled above $2,500. The first is between $2,540 and $2,620, while the second is between $2,900 and $3,300. He noted that these ETH CME futures gaps traditionally tend to get filled, indicating that the crypto could soon rebound to these price levels.  At the time of writing, the Ethereum price is trading at around $2,176, up over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Bitcoin Timing Tool Says This Might Be The Dip Worth Buying

Bitcoin price is trading just below $20,000 for the first time since January — a level that bulls definitely don’t want to lose.  Considering the increasingly intense crackdown on crypto by the United States and a macroeconomic disaster brewing, fear could discourage investors from buying this current dip. This one, however, could be the dip [...]

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XRP Buy Signal Goes Off, Analyst Says This Is How Long Uptrend Will Last

An analyst has recently explained how a buy signal has formed for XRP on its weekly chart, which could lead to an uptrend lasting for this long. XRP Has Observed A TD Sequential Buy Signal Recently In a new post on X, analyst Ali discussed a buy signal forming in the weekly price of XRP. [...]

The post XRP Buy Signal Goes Off, Analyst Says This Is How Long Uptrend Will Last appeared first on Crypto Breaking News.

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Dogecoin Discount Incoming: Analyst Reveals When To Start Buying

The Dogecoin price may be in for more pain, as a crypto analyst has projected another significant breakdown to new lows. On the bright side, the analyst suggests that this retracement will offer a discount for traders who aim to capitalize on the buy-dip opportunities and accumulate ahead of a potential increase.  If it fails to break a key resistance area, the Dogecoin price could see another major drop to new lows at $0.125. According to TradingView crypto analyst Dave Hunter, this bearish outlook is a more likely scenario for Dogecoin, considering its current market performance and volatility. Dogecoin Price Set To Retrace To $0.125 Discount The TradingView analyst shared a chart representing the Dogecoin price action on a weekly timeframe, highlighting the trajectory of his bearish breakdown projection for the meme coin. Hunter calls his projected decline in the Dogecoin price a discount zone, suggesting an area where traders would find it more favorable to accumulate the meme coin.  Related Reading: Dogecoin Price Hits Double Bottom To Trigger Massive Rally, Heres The First Target The red horizontal line at $0.24 marks an order block, which is the critical resistance level at which Dogecoins price is set to react. The analyst urges traders to withhold buying more Dogecoin until it attempts a short-term retracement to this area. Given the weakened state of the market, Hunter emphasized that shorting should take more precedence for traders. The reason is probably because Dogecoin has been in a declining state for weeks now, and initiating a sell-off would help traders prevent further financial losses, especially since additional slips in the meme coins value are expected.  The TradingView analyst warns that liquidity sweeps from lower levels may occur, meaning stop-losses of long positions may be triggered, fueling more selling pressure. Typically, an increase in selling pressure for any cryptocurrency often fuels volatility, potentially leading to a price drop as demand decreases.  While he shared his bearish forecast for Dogecoin, Hunter also mentioned Dogecoins Central Liquidity Score (CLS) and market timing for traders. He highlighted that smart money operates in specific cycles, and traders should consider aligning their market entries with these CLS-based liquidity ranges to limit trade risks.  DOGE Rebound Incoming: Buy Signal Confirmed In other news, Dogecoin could be getting ready for a potential price rebound, as its TD Sequential just flashed a buy signal on its daily chart. Renowned crypto analyst Ali Martinez highlighted this discovery on February 27 in an X (former Twitter) post. Related Reading: Dogecoin Price Faces Moment Of Truth As It Battles The Macro 0.5 Fib Extension The analysts chart indicated a 9 TD Sequential, which typically appears after nine consecutive downward candles and signals a potential trend reversal to the upside. The S13, indicated by the green arrow on the chart, also reinforces this rebound outlook. If the trend holds, Martinez believes Dogecoin could see a major upward movement from its current price of $0.21 soon. Featured image from Adobe Stock, chart from Tradingview.com

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