Tag: bull
Michael Saylor: BTC Is Valuable Because It’s Rare
Michael Saylor – the CEO of software giant MicroStrategy, arguably the biggest institutional bitcoin bull around – has stated that bitcoin’s scarcity is ultimately what makes the currency the strongest asset in the world, right now. He says nothing – not even gold – can compare to bitcoin because it is the only thing that...
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The Sandbox metaverse token SAND jumps 10% on Paris Hilton and HSBC bank partnership news
The Sandbox, a gaming platform launched on the Ethereum blockchain to leverage non-fungible tokens…
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Should investors wait for a 60% comeback of SAND amidst market capitulation
Illuvium (ILV) Prices under Strong Selling Pressure, Recovery Possibly above $470
Illuvium (ILV) prices are down over 78 percent from H2 2021 peaks. However, they are stable on the last trading week, capped below $550—an immediate resistance level. Past Performance The Illuvium price is stable on the last trading day but is down 78 percent from H2 2021 peaks. As per the formation in the daily chart, the ILV price is bearish, and every high may offer entries for aggressive traders. Even so, ILV has strong support at $470, flashing with 2022 lows. Illuvium Technical Analysis Illuvium sellers are in command at spot rates, reflecting the general state of the crypto market for the past few months. Despite the sharp sell-off, the stabilization of ILV prices is a net positive. Therefore, based on the formation in the daily chart, traders may wait for a close above $550—in a bull trend resumption—or a dump below $475 before placing trades. Thus far, there are higher highs relative to the lower BB, which signals bears’ strength and possibly exhaustion. Still, this depends on how prices edge past the immediate reaction point. A close below $470 would easily see ILV slide to $400, reversing all gains made in H2 2021. Conversely, a pullback above the resistance trend line and $550 may be the basis for a rally towards $600 and $740 in the medium term. What to Expect of Illuvium? Traders are hopeful, but sellers are in the driving seat. The reaction at $470 and $550 would define the medium-term trend as ILV prices consolidate inside March 8 and 9 bull bars.
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Zyori Reminds Players That Axie Infinity was Built During the Bear Market
Zyori also clarified that things are still being implemented and changed in Axie Infinity, stating that it is a part of the rollercoaster journey.
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Ethereum Gas Fee Hits A 8-Month Low, Bill Barhydt Sets $30,000 Bull Case for ETH
Ethereum (ETH) witnessed some major bounceback on Monday, March 14, and is currently trading at $2,550 levels. Along with Bitcoin (BTC), the world’s second-largest cryptocurrency continues to remain volatile in the price range of $2,500-$3,200. As this happens, the Ethereum (ETH) blockchain continues to see some major developments. On-chain data provider Santiment reported that the
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NEAR Prices Drop 6% after a Double Top, NEARUSDT Finding Support at $9.5
The Near Protocol price is bearish at spot rates, inching lower inside a descending triangle. Currently, NEARUSDT is below a double top at $12. Past Performance Near Protocol traders may be hopeful, expecting NEAR prices to rip higher and clear immediate resistance levels. However, from the daily chart, sellers are in control. The coin is down six percent in the last trading day and at breakeven versus the USDT on the previous trading week. There could be elements of strength. However, NEARUSDT prices are still capped inside a descending wedge. NEAR Technical Analysis The failure of NEAR bulls to close above the resistance trend line and the descending wedge at $12 is a pointer to weakness. The path of least resistance is southwards in the near term. Notice that prices are also recoiling from the double top marking March 2022 highs even though NEARUSDT prices are still within the March 1 and 9 bull bars. A close above $12 confirms buying pressure, setting the base for another leg up towards $14 and $20 as prices bottom up. On the flip side, more profound losses below $9.5 and the support trend line could trigger a selloff, pushing NEAR towards December 2021 lows of $6.6. What to Expect of NEAR? Despite the optimism, bulls are struggling against a wave of selling pressure. The short-term trajectory of NEAR depends on the reaction at $12 and the descending triangle.
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