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JPMorgan Backs Bitcoin to Rise 28%, Saying Cryptos are Preferred Alternative Asset

U.S.-based global investment bank JPMorgan disclosed on a note on Wednesday that the fair price of Bitcoin is 28% higher than its current level, implying "significant...

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XLM Technical Analysis: Bullish Recovery Plans a 20% jump

XLM Technical Analysis: Retracement to Support Trendline Hints a Fallout

XLM coin price shows a rising trend momentum with the 50-day breakout, which may shortly reach the $0.070 mark with the 100-day EMA breakout. Key technical points: XLM coin price approaches the $0.050 mark. In addition, it breaks above the 50-day EMA. Finally, the 24-hour trading volume of Stellar is $83 Million, marking a 27.49% rise.  Past Performance of XLM The XLM coin price shows a phenomenal bullish recovery from the $0.035 mark resulting in the 50-day EMA. The recovery shows an increased bullish momentum evident by the jump in trading volume and the % long engulfing candle. Hence, the breakout of the long-coming dynamic resistance by the 50-day EMA marks a bullish milestone.  Source-Tradingview XLM Technical Analysis  XLM coin price jump comes after a short consolidation at the $0.035 mark which created a bottom for the upcoming reversal. The range breakout unleashes the trapped bullish momentum and projects an uptrend possibility to $0.070.  The crucial EMAs (50, 100, and 200) project a bearish alignment, but the 50-day EMA breakout results in a price jump closer to the 100-day EMA. Furthermore, the price may outperform the 100-day EMA as the buying pressure grows.  RSI Indicator: The RSI slope reverses the long-coming uptrend with the slope touching the overbought boundary. Furthermore, the 14-day SMA mimics the uptrend and crosses above 50%. MACD Indicator: The MACD and signal lines project an uptrend with minimum bullish spread as they approach the zero level. In a nutshell, the XLM technical analysis gives a solid bullish signal with the breakout possibility of the 100-day EMA. Upcoming Trend  The XLM coin price action projects a boom in buying pressure with the 50-day EMA that may shortly result in an upside rally if the prices close above the 100-day EMA. Hence, an upside potential of 20% if the buyers maintain trend control. However, a downside possibility is the 50-day EMA fallout resulting in the fall to the $0.040 mark. Support Levels: $0.045 and $0.040 Resistance Levels: $0.060 and $0.070

The post XLM Technical Analysis: Bullish Recovery Plans a 20% jump appeared first on Cryptoknowmics-Crypto News and Media Platform.

Shiba Inu Price Prediction: Trendline Breakout Aims The Next Bull Cycle To Target $0.000027

A descending trendline breakout reinforces the SHIB price attempts to rebound from the bottom support trendline. However, the shared resistance of $0.000025, 50-and-200-day EMA prevents the coin price from rising higher. The buyers need to gather enough bullish momentum during the ongoing retest if they want to overcome the overhead barrier.  Key points:  The SHIB price

The post Shiba Inu Price Prediction: Trendline Breakout Aims The Next Bull Cycle To Target $0.000027 appeared first on CoinGape.

XEM Technical Analysis: Increasing Greed Eyes 200-day EMA 

XEM Technical Analysis: Price Is Having a General Downtrend Taking Support Yesterday at $0.1775

XEM coin price shows increased buying activity resulting in the resistance trendline breakout. Will the breakout rally reach the $0.15 mark? Key technical points: XEM coin price outperforms the 50-day EMA. In addition, the altcoin price surpasses the $0.10 mark. Finally, the 24-hour trading volume of NEM is $71 Million, marking a 273% rise.  Past Performance of XEM The XEM coin price displays an impulsive boost in buying pressure near the support level of $0.090. The recovery cracks above the $0.10 mark, the 50-day EMA, and the long-coming resistance trendline with an 18% jump last week. The trendline breakout comes with the bullish engulfing candlestick of 7.80% and shows a retest candle in action. Source-Tradingview XEM Technical Analysis  XEM coin price shows a high possibility of a post-retest uptrend continuation which may reach the $0.12 or $0.15 mark. Moreover, the increased buying pressure evident by the 270% jump in trading volume increases the chances of a bull run.  The crucial EMAs (50, 100, and 200) sustain the bearish alignment as buyers transcend the 50-day EMA and prepare to head higher after retest. However, the 50-day EMA breakout teases a bull run to the 200-day EMA, accounting for an almost 30% price jump. RSI Indicator: The RSI slope continues the spiked bullish movement as it surpasses the halfway mark and approaches the overbought boundary. Furthermore, the bullish divergence is clear and teases a bullish continuation.  MACD Indicator: The MACD and signal lines regain the positive alignment with the bullish spread, and the strings continue to approach the halfway mark.   In a nutshell, the XEM technical analysis shows a boom in underlying bullishness and teases a bull run to the $0.15 mark. Upcoming Trend  XEM coin price shows an ongoing retest phase of the trendline breakout, which may shortly push higher to the 100-day EMA. However, the uptrend has the potential to surpass the 200-day EMA and hit the $0.15 mark as the buyers add up. Contrarily, a failed retest will lead to the $0.10 fallout and a price fall to $0.090, accounting for an almost 15% downfall. Support Levels: $0.10 and $0.090 Resistance Levels: $0.12 and $0.15

The post XEM Technical Analysis: Increasing Greed Eyes 200-day EMA  appeared first on Cryptoknowmics-Crypto News and Media Platform.

MANA Price Prediction: MANA Sellers Breach Major Support Levels; Will MANA Price Revisit $2 Support?

On March 7th, the Decentraland(MANA) sellers took the final leap and breached the continuation symmetrical triangle pattern. Today, the coin price gives a retest to the breached support where the long-wick rejection candle suggests a potential 15% fall. Key points: The MANA chart shows higher price rejection at its flipped $2.4 resistance The 24-hour trading

The post MANA Price Prediction: MANA Sellers Breach Major Support Levels; Will MANA Price Revisit $2 Support? appeared first on CoinGape.

Top Crypto Analyst Says Bitcoin (BTC) Must Reach This Level Before Flipping Bullish

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A prominent crypto analyst says that leading digital asset Bitcoin (BTC) will spark an immense rally once it goes above a key price area. Pseudonymous trader Rekt Capital tells his 292,000 Twitter followers that the top crypto asset by market cap is set to break out once it crosses the $43,000 mark. “The most important […]

The post Top Crypto Analyst Says Bitcoin (BTC) Must Reach This Level Before Flipping Bullish appeared first on The Daily Hodl.

XRP Price Prediction: XRP Trapped In Symmetrical Triangle; Upside Breakout May Trigger 25% Gains

On Monday, the Ripple (XRP) price action displayed highly volatile, resting both the resistance and support trendline before settling with a Doji candle. However, the altcoin approaching the pattern’s apex would soon provide a directional rally to traders. Key points:  The XRP buyers face strong resistance from the 50-day EMA The intraday trading volume in

The post XRP Price Prediction: XRP Trapped In Symmetrical Triangle; Upside Breakout May Trigger 25% Gains appeared first on CoinGape.

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Filecoin: Will the next couple of months usher in an uptrend

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionFilecoin (FIL) has vigorously lost most of its value in the last year since its April 2021 high. In the last six months, bulls could barely initiate a sustainable rally and succumbed to the long-term bearish trendline resistance (white, dashed). The alt now aimed to enter into a tight phase in the $18-$20 mark before […]

Here’s how long it will be before XRP challenges its current trend

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionDisclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice XRP reversed back into its oscillation range after hitting its nine-month resistance around the $1.3-mark. Thanks to this fall, the altcoin saw a long-term down-channel (white) on its daily chart. Also, it lost the vital […]

Cardano Price Prediction: ADA Faces 17.6% Downside Risk If Bulls Lose $0.82 Support Level

On March 1st, the Cardano (ADA) price was rejected from the $1 psychological level with an evening star candle pattern. The sellers sank the altcoin back to weekly support of $0.82. Can sellers extend this sell-off to newer levels, or would buyers step in to seize control from them? Key points The ADA price retest

The post Cardano Price Prediction: ADA Faces 17.6% Downside Risk If Bulls Lose $0.82 Support Level appeared first on CoinGape.

Bitcoin Price Prediction: BTC Slips Below $40000 Mark; Is $36000 A Good Buy Target?

In the wake of the geopolitical issue between Russia and Ukraine, Bitcoin has shown considerable volatility over the past two months. The coin price resonates between $45000 and $33000, implying a range-bound rally in the short term. However, amid the bearish cloud hovering above the crypto market, a swiss city-Lugano makes Bitcoin, Tether, and LVGA

The post Bitcoin Price Prediction: BTC Slips Below $40000 Mark; Is $36000 A Good Buy Target? appeared first on CoinGape.

AXS Technical Analysis: Can Sellers Break The $50 Support?

AXS Technical Analysis: A Quiet Correction and a New Growth Impulse

AXS coin price fails to surpass the resistance trendline and retraces to the $50 support. Will the increased selling pressure bring heavier discounts? Key technical points: The AXS price resonates lower in the descending triangle. The Stochastic RSI displays a bearish crossover. The 24-hour trading volume in the Axie Infinity token is $303 Million, indicating a 2.45% gain.  Past Performance of AXS AXS coin price showed a consolidation breakout formed near the $50 support zone resulting in a rally to the long-coming resistance trendline. However, the price failed to withstand the high selling pressure resulting in downfall to the $50 support zone. The price action prints a triple black crow formation hinting at a decline below the emotional barrier.  Source-Tradingview AXS Technical Analysis  The AXS/USDT chart shows the price coming back to the $50 support zone for the third time since the start of 2022. The bearish anticipation of downfall below $50 will find support at the $38 mark. The flattish 100 and 200-day EMA shows a bearish crossover, with the 50-day EMA providing a constant dynamic barrier. Hence, the EMAs are expected to be moving along with high-selling pressure areas. The Stochastic RSI indicator shows the K and D line nosedive below 70% following a bearish crossover. Hence, the falling lines indicate the end of the bull cycle. The RSI indicator slope show rejection from the central line and retraces to the 14-day average line. However, the slope shows a bullish divergence in the last two dips at the support zone.  In a nutshell, AXS technical analysis projects a bearish bias as the retracement gains momentum. Upcoming Trend AXS coin price anticipates a bearish downfall if the sellers strengthen their grip over trend control and bring the $50 fallout. However, the high demand accompanying the emotional barrier will be challenging for the bears.  Contrarily, if bulls regain trend control with a reversal, the altcoin would rally higher and retest the trendline.  Support Levels: $50 and $40 Resistance Levels: $60 and $70  

The post AXS Technical Analysis: Can Sellers Break The $50 Support? appeared first on Cryptoknowmics-Crypto News and Media Platform.

MANA Technical Analysis: Will MANA price sink to $2 support? 

MANA Technical Analysis

MANA coin price action escaped the sideways rally with a breakdown from a symmetrical triangle pattern. Can sellers continue their march to $2 support? Key technical points: The MANA price gave fallout from the symmetrical triangle pattern The Stochastic RSI displays a bearish crossover The 24-hour trading volume in the Decentraland token is $508.7 Million, indicating a 6.7% gain.  Past Performance of MANA Over the past two months, the MANA price resonated in a symmetrical triangle pattern. On March 1st, the buyers failed to continue their bull cycle and turned down the share resistance of $5.25 and 50-day DMA. The follow-up downfall gave a bearish breakdown from the price pattern, accelerating the ongoing selling.  Source-Tradingview MANA Technical Analysis  The MANA/USD daily chart shows three consecutive red candles, registering a 12.5% fall. The breakout candle has reached $4.5, and a 200-day EMA combined support. Hence, the altcoin is expected to revert from this support and retest the breached trendline.  The flattish 50-and–200-day EMA accentuates the sideways price action. The altcoin price is sandwiched between these EMAs, where a breakout from either of these levels would bolster the next rally.  The Stochastic RSI indicator shows the K and D line nosedive below the neutral line following a bearish crossover. Hence, the end of the bull cycle increases the chances of a $2.45 breakout. The MACD indicator shows the fast and slow lines are gradually lower in the bearish territory. Moreover, the MACD histograms remain bearish indicating a sustained selling momentum.  In a nutshell, MANA technical analysis shares a negative bias suggesting a possible decline to the $2 mark. Upcoming Trend If MANA bears sustain this restest phase below the breached ascending trendline, the selling pressure would intensify and plunge the altcoin to $2 Conversely, if bulls wrest control from the bears during the restest phase, the coin price would rally higher and reenter the triangle pattern. However, the sellers could maintain a stiff resistance at the confluence of $2.85 and 50 EMAs, interrupting further gains.  Support Levels: $2.5 and $2 Resistance Levels: $2.85 and $2

The post MANA Technical Analysis: Will MANA price sink to $2 support?  appeared first on Cryptoknowmics-Crypto News and Media Platform.

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