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| Rally 
| #RLY
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| RLY Price: | $0.015 | | Volume: | $1.2 M | | All Time High: | $1.41 | | Market Cap: | $74.2 M |
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| Circulating Supply: | 4,915,460,299 |
| Exchanges: | 13
| | Total Supply: | 15,000,000,000 |
| Markets: | 21
| | Max Supply: | 15,000,000,000 |
| Pairs: | 7
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The price of #RLY today is $0.015 USD.
The lowest RLY price for this period was $0, the highest was $0.015, and the current live price for one RLY coin is $0.01510.
The all-time high RLY coin price was $1.41.
Use our custom price calculator to see the hypothetical price of RLY with market cap of ETH or other crypto coins. |
The code for Rally is #RLY.
Rally is 2.2 years old. |
The current market capitalization for Rally is $74,237,267.
Rally is ranked #271 out of all coins, by market cap (and other factors). |
There is a big volume of trading today on #RLY.
Today's 24-hour trading volume across all exchanges for Rally is $1,232,908. |
| The circulating supply of RLY is 4,915,460,299 coins, which is 33% of the maximum coin supply. |
RLY is available on several crypto currency exchanges.
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Rally Digest #66 (March 24, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches: - VR With Jasmine — $JAS Jasmine is a VR content creator on YouTube and TikTok. Jasmine makes VR tutorials and XR product reviews. She has a Bachelor’s Degree in Mechanical Engineering, an MBA and has worked for the top tech companies. She is also the co-host of VRTK’s weekly live stream lessons. — NFT Spotlight: - The $BOT Coin Community’s Silver Badge NFT grants the holder a 2x $BOT Rewards multiplier for playing on Amazon Alexa, enabling holders to accumulate $BOT faster while playing the games they love. The NFT also unlocks access private to experiences, exclusive airdrops, and sneak peeks for future game releases. The $BOT social token can be used to make other purchases, trades, and withdrawals within the $BOT Rewards Program and the greater Rally ecosystem. — Project News: - The launch of $HBCU was featured in AfroTech. Rally Director of Partnerships for Music, Bryce Carr, was quoted in a Billboard feature on doing music deals in the metaverse. — Creator Spotlight: - How I Built My Token Economy: Joe Pulizzi, $TILT Rally Digest #66 (March 24, 2022) was originally published in Rally.io — Social Tokens + NFTs for Creators on Medium, where people are continuing the conversation by highlighting and responding to this story.
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Rally Digest #65 — (Mar 16, 2022)
Rally Digest #65 — (Mar 16, 2022) - Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Luke Lawal Jr. — HBCU Buzz ($HBCU) HBCU Buzz is a multimedia company focusing on amplifying the Black College community, delivers HBCU news, insights and editorials. Since 2011, HBCU Buzz has been a resource for prospective & current students and alumni. We are on a mission to amplify the Black college experience, articulate stories of HBCU achievement, challenges, opportunities, & developments and advocate for students, alumni and the legacy of these historic institutions. Also launched last week: $AUTH, $EAZY, $GRIT, $HEART — NFT Spotlight. — The Q.D. Dolls NFT Collection, created by Natalie Nichole ($DOVE), awards NFT holders with the opportunity to contribute to a charitable organization or fund their independent art initiative. Every time a Q.D. Edition sells out, one NFT holder will receive $1,000 as a donation to their organization of choice or as a stipend to support the marketing efforts for their independent art project, business, or initiative (if they identify as an independent artist). — Project News. — Director of Music Partnership Bryce Carr outlines a path in Hypebot for the music industry and web3 to move forward together-where the laws of IP are respected and creators and communities... 
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Rally Digest #64 — (Mar 9, 2022)
Rally Digest #64 — (Mar 9, 2022) - Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Hungrybox ($BOX) is one of the most successful Super Smash Bros. Melee players of all time and considered one of the “Five Gods of Melee.” He currently streams on Twitch to a dedicated fanbase, and utilizes $BOX to allow viewers to make him do things on-air (like make him exercise) and play 60-second video clips of the viewer’s choice during the stream. — NFT Spotlight. — Shipbroman’s ($SHIPR) Discord NFT Membership Pass gives the NFT holder exclusive access to the Shipbroman community Discord NFT channel. The channel offers daily tips about the latest Blockchain NFT projects and each project’s promises, as well as access to varying DeFi Yield Farming opportunities (DEGENS unite!) and the latest stable APY opportunities from reputable platforms. NFT holders will also be prioritized in the future DAO that is being developed by the growing Shipbroman community. — Project News. — FWB X Rally Hackathon: The hackathon had more than 100 participants across 25 teams building through the day. The three winning teams, chosen by a panel of judges including Brian Mark, Alex Hooven, and Mahesh Vellanki, have a month and a small budget to build a working prototype of their product, and have the opportunity to win huge c...
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Rally Digest #63 (Mar 1, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Roberto Carlos — $RC3 Roberto Carlos is a Brazilian former footballer who is widely considered one of the greatest left backs in history. As well as lifting the 2002 World Cup, Roberto Carlos also won three Champions League and four La Liga titles with Real Madrid in his career, which ended in 2015 after a spell in India as player/head coach with Delhi Dynamos. Fans who hold $RC3 will gain access to exclusive signed merch giveaways, private NFT drops, Zoom calls and other benefits and experiences on Rally. Also launched last week: $T45, $IDEA, $LADDR — NFT Spotlight. — A&R Block ($ANR) — a collective of entertainment industry professionals that helps people build their networks through demo submissions, NFT music/art, social media support, and entertainment industry networking/conventions — launched the Dynasty “Go Get It” NFT Collection, highlighting A&R member and musician Dynasty’s newest track “Go Get It.” NFT holders will receive a physical t-shirt with a DTG Print of the NFT, as well as special access to future events hosted by Dynasty. — Thought Leadership. — Tam Gryn, Director of Fine Arts at Rally.io, brings deep arts experience to the Rally team. In “11 Reasons Why Artists Shouldn’t Be Afraid of NFTs”, sh...
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Rally Digest #62 (Feb 23, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Duncan Robinson — $DBO “I am the host of the Long Shot Podcast and also a professional basketball player for the Miami Heat. When I am not recording episodes or draining threes on the court, I enjoy deep reddit dives into the crypto/NFT space and hope to integrate this knowledge into my business ecosystem.” Also launched last week: $MOTV8. — NFT Spotlight. — Transcending Dove Collection, Natalie Nichole, $DOVE Natalie Nichole — best-selling author, singer/songwriter, actress, & entertainer — launched the Transcending Dove Collection, an NFT Collection linked to her #DoveNation Community. Her #DoveNation Discord functions like a game, where members can level up based on how many $DOVE coins they hold. As members level up, they unlock new rewards and access to exclusive benefits, events, and more. You can fast-track to a specific level by purchasing one of the Transcending Dove NFTs. — Project News. — Rally Growth - As of February 2022, the collective economy holdings across all creator coins is nearly $110M USD across 280 creators. Of those, 59% have collective economy holdings of more than $100K USD and 10% have collective holdings of more than $1M USD. Duncan Robinson Launch - On Friday, Duncan Robinson launched $DBO, a new soci...
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Rally Digest #61 (February 15, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — ZsONAMACO Fair Platforms includes Art, Design, Photography & Antiques and supports and promotes creators through $ARTE coin. Also launched last week: $HYDRA, $MASHI, and $BP4. — NFT Spotlight. — ZsONAMACO, $ARTE — Alonso Cedillo’s “Still Life with Smartphones in a Fishpond” Alonso Cedillo’s (Mexico City, 1988) work explores our post-internet world dissolving the limits between reality and fiction. Since 2018, the artist has focused entirely on working with images which are native to screens through different protocols like painting, sculpture, post-photography, programming, and video. This series takes the idea of still life as a starting point to explore the way in which we relate to technology, its fragility, and its presence in daily life. — Project News. — Rally is excited to participate in ETHDenver this year! ETHDenver is the largest Web3 #BUIDLathon in the world (fka hackathon) for Ethereum and other blockchain protocol enthusiasts, designers and developers. This year’s event features simultaneous virtual and in-person events, and kicked off on Friday, February 11th in Denver, CO. Learn more about our bounties here. Rally is now the home of a Super Bowl champion! Los Angeles Rams return specialist Brandon Powell launched $BP4 on...
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Rally Digest #60 (February 8, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Crescendo! Podcast — $CRNDO Crescendo! is a new seasonal podcast from award-winning podcast host and author Greg Bresnitz, which explores the intersection of food and music. Each episode, Bresnitz interviews a chef, who guides listeners through an imaginary menu where each dish is paired with a song. The guests share personal stories and insights about their selections, examining the convergence between these savory, sweet, and sonic moments as they build towards each episode’s Crescendo! Freestyle Trampoline Association — $FLIPR By purchasing the FLIPR Coin you are supporting the grass-roots community of Freestyle Trampoline. The coin will unlock NFTs from the Freestyle community in the form of videos of World’s First Skills, Greatest Moments, Influencers, Amazing Athletes and Brand in the community where you can trade and collect the NFTs from the community and be part of the future of the sport of Trampoline. Your investments will fuel the next generation of “Flippers” to take the next step for the global Movement! #FLIPPERcoin — NFT Spotlight. — Auggie Velarde’s NFT Clanger recreates organic audio sourced from natural environments with code. The Peru-based musician blends modern sound with algorithmic rhythms, inspired by philosophical perspecti...
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Rally Digest #59 (February 1, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — Social Token Launches. — Banzai Bowls — $BNZI We are Banzai Bowls, a family owned business named after the famous wave Pipeline which is located on the North Shore of Oahu. Our passion is delivering you with the best hand crafted Acai bowl experience. Our background of surf and skate culture has driven our passion since 2008, and we are always ‘Living life in the bowl’. Excited for this next journey into the crypto space! — NFT Spotlight. — Jeremiah Owyang’s “Web Strategy: 2022” NFT grants access to Owayng’s premium Web Strategy group on Discord, providing valuable insights and discussions on digital trends across Web3, Digital Marketing, Corporate Innovating, Tech Wellness, and other related news. Jeremiah provides ongoing links to important news articles for the Discord group to discuss in private, as well as other occasional perks. Jeff Pulver’s “Oh Dear” NFT — featuring art by Joyce Brian — benefits the WhyHunger foundation, an initiative co-founded by Harry Chapin to feed people in need. — Project News. — Creator Mentorship Program Launch — Rally’s Organic Mentorship Program connects newly minted creators to veteran members of our community. Over the course of six weeks, mentors guide their mentees through the launch process & be...
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Rally Digest #58 (January 26, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — NFT Spotlight - Cat Crate by alliestrasza $ALLIE alliestrasza’s Cat Crate NFT grants the holder a random Allie Cat NFT — 1 of 500 unique cats based on Allie’s real life animals Willow, Po, Tai, and Mika. Holding an Allie Cat NFT grants access to play-to-earn games exclusive to the Allie Cat community. Fountain by TMFA $ART “Fountain” is one of Duchamp’s most famous works and is seen as an icon of twentieth-century art. TMFA’s work is a 2021 replica of “Fountain” made in Blender to resemble the original porcelain object. — Creator Spotlight - Catch our interview with Emery’s Devin Shelton, and learn how the indie hard rock band became a “digital-first band,” launched its $WALLS Creator Coin, and changed its business model after 20 years of making music. — Industry News - NFTs are coming to Instagram and Facebook. That’s according to reporting from the Financial Times, which says users of those platforms will soon be able to display their NFTs as their profile pictures. The platforms are also working on longer term plans to create NFT marketplaces where users can trade and mint tokens. Speaking of NFTs as profile pics, Twitter’s long awaited NFT verification feature is now live, Decrypt reported. Users who pay for Twitter Blue, a subscription service that’s available ...
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Rally Digest #57 (January 18, 2022)
Welcome to the Rally Digest, a weekly round-up of everything that’s happening around the Rally project. — New Creators: - Natasha May-Thomas/ $NMT Natasha May-Thomas is a professional performer based in London. The British actress and dancer has shared the stage with iconic industry stars including Camila Cabello, performing as a backup dancer at The 2020 Global Awards. She has also played the role of ‘Louise’ in the world famous musical ‘Carousel’ at the renowned Regents Park Open Air Theatre & more recently has been cast in Andrew Lloyd Webber’s Cinderella in London’s West End. May-Thomas was recently awarded two awards at the prestigious Black British Theatre Awards for Best Recent Graduate and Best Supporting Female Actor in a musical. Mitch Rossell/ $MITCH Artist/Songwriter based in Nashville, TN with over 27 Million Streams worldwide. Also written hit songs for Garth Brooks including “Ask Me How I Know” and “Dive Bar” feat. Blake Shelton. Dane/ $DANE Streamer and Youtuber focused on the game Hearthstone, finding creative ways to help waste your time. Raw/ $KICK Set up in 2016, at first, RAW was an organization composed by international booking agents working for talents coming from all over the world. Over the years and always seeking for innovation in the scene, the collective gradually created a large network, activities, and roster including some of the most iconic faces of the ...
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 | STX Soars Another 23% as Rally Continues, BTC Bounces Off $23K (Market W...
Bitcoin dipped below $23,000 to mark a multi-week low but managed to bounce off rather quickly and has reclaimed that level.
Most altcoins sit quietly once again, aside from Stacks. STX has taken full advantage of the Ordinals hype and has soared to almost $1.
Bitcoin Back Above $23K
Following the three unsuccessful attempts to decisively overcome $25,000 last week, bitcoin headed south and slipped to $24,000 at the end of it. Things took another turn for the worse on Friday when the US PCE data came out, suggesting a 0.6% increase since January.
Bitcoin reacted with an instant price drop to $23,000. It dipped further during the weekend to $22,800 (on Bitstamp), which became its lowest price tag since February 15.
The low trading volumes on Sunday meant that BTC remained calm at around $23,000. The bulls finally stepped up hours ago by pushing BTC to over $22,600. Despite retracing by a few hundred dollars since then, the asset still stands well above $23,000, and its market cap has climbed above $450 billion.
BTCUSD. Source: TradingView
STX Keeps Going
It's safe to say that the relationship between Stacks and the Gamma marketplace has paid a lot of dividends for the former ever since the emergence of the Ordinals NFTs on top of the Bitcoin network. STX has become one of the best performers lately, and the past 24 hours only solidified that narrative.
The asset is up by more than 23% on a daily scale and came inches away from tapping $1 earlier today.
The rest of the altcoins...
| | BTC Bounces Off $23K, STX Soars Another 23% as Rally Continues (Market W...
Bitcoin dipped below $23,000 to mark a multi-week low but managed to bounce off rather quickly and has reclaimed that level.
Most altcoins sit quietly once again, aside from Stacks. STX has taken full advantage of the Ordinals hype and has soared to almost $1.
Bitcoin Back Above $23K
Following the three unsuccessful attempts to decisively overcome $25,000 last week, bitcoin headed south and slipped to $24,000 at the end of it. Things took another turn for the worse on Friday when the US PCE data came out, suggesting a 0.6% increase since January.
Bitcoin reacted with an instant price drop to $23,000. It dipped further during the weekend to $22,800 (on Bitstamp), which became its lowest price tag since February 15.
The low trading volumes on Sunday meant that BTC remained calm at around $23,000. The bulls finally stepped up hours ago by pushing BTC to over $22,600. Despite retracing by a few hundred dollars since then, the asset still stands well above $23,000, and its market cap has climbed above $450 billion.
BTCUSD. Source: TradingView
STX Keeps Going
It's safe to say that the relationship between Stacks and the Gamma marketplace has paid a lot of dividends for the former ever since the emergence of the Ordinals NFTs on top of the Bitcoin network. STX has become one of the best performers lately, and the past 24 hours only solidified that narrative.
The asset is up by more than 23% on a daily scale and came inches away from tapping $1 earlier today.
The rest of the altcoins...
|  | Here's the Final Resistance for BTC Before a Potential Rally to $30K (Bi...
Bitcoin's recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over.
Technical Analysis
By Shayan
The Weekly Chart
Looking at a bigger picture of Bitcoin's price using the weekly timeframe, the price action looks similar to the final capitulation stage of the 2018 bear market. During the final phase of the 2018 bear market, Bitcoin's price declined significantly and experienced a 50% plummet. As a result, many market participants capitulated and realized substantial losses. Then, Bitcoin found its bottom and surged unexpectedly, initiating the 2019 bull run.
The same structure is occurring now; after a massive downtrend, declining to the $15K level, the market experienced a series of capitulation events. It has recently begun an uptrend, surpassing many essential resistance levels.
Despite the portrayed resemblances, it might be soon to call it a bull market as it requires more consideration.
Source: TradingView
The Daily Chart
On the daily timeframe, it is evident that the price surpassed the multi-month descending trendline, entered a correction phase, and formed a pullback. During the correction stage, the price retested the broken trendline and was supported by the $22K support level.
However, Bitcoin has reached a crucial and decisive resistance level of $25K. It is a technical and ...
|  | Bitcoin Rollercoaster on Powell Speech, SAND and ROSE Rally Over 25% (Ma...
The past 24 hours were quite tumultuous within the cryptocurrency market as major large caps went through a rollercoaster during the speech of the Chairman of the Federal Reserve - Jerome Powell.
Meanwhile, some altcoins are having a go at new multi-week highs, charting gains upwards of 25% on the day. Let's dive in.
Bitcoin and Large-Caps Pump, Dump, and Pump Again
Yesterday, the Chairman of the US Federal Reserve - Jerome Powell - was talking on the matters of inflation, the current and future state of the US economy.
He said little that he hadn't already, reiterating his comments from the previous week that the economy's disinflation (or inflation that's slowing down, in his words) is still within its very early stages - particularly in the housing sector.
As it's always the case, this caused the market to move. Initially, the price skyrocketed to a high above $23,300, but almost immediately after the speech, all the gains were wiped out in what turned out to be a chop.
Source: TradingView
Fortunately, the bulls were able to regroup and retake control, pushing the price back above $23K in the hours that followed.
This entire rodeo ended up with about $84 million worth of liquidated positions in the past 24 hours.
SAND and ROSE Rally Ahead
Altcoins experienced even more volatility than BTC. Most of the market is painted green. The cryptocurrencies with larger market capitalization failed to chart any considerable gains. These include ETH, XRP, SOL, SHIB, ATOM, LTC, and othe...
|  | Bitcoin Price Rally Post Fed Rate Hike Could Gather Momentum, Here's Why
Bitcoin price is rising and gaining pace above the $23,500 resistance. BTC climbed to a new yearly high after the fed increased rates by 25bps.
Bitcoin is up over 3% and there was a clear move above the $23,800 resistance. The price is trading above $23,500 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $23,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rally further if it stays above the $23,500 support zone. Bitcoin Price Rips Higher
Bitcoin price formed a base above the $22,500 support zone. BTC started a fresh increase and was able to clear the $23,200 resistance zone. Later, the fed announced a small rate hike as expected, sparking bullish moves in btc.
The price gained pace for a move above the $23,500 resistance. There was a break above a major bearish trend line with resistance near $23,100 on the hourly chart of the BTC/USD pair. It even pumped above the $24,000 resistance zone and traded to a new yearly high at $24,282.
It is now correcting gains and traded below $24,000. There was a move below the 23.6% Fib retracement level of the upward move from the $22,753 swing low to $24,282 high.
Bitcoin price is now trading above $23,500 and the 100 hourly simple moving average. An immediate resistance is near the $24,100 level. The next major resistance is near the $24,250 zone. A clear move above the $24,250 resistance might send the price further higher.
Source: BTCU...
|  | Social Token Platform 'Rally' Shuts Down Sidechain, Native Token RLY Plu...
Social token platform 'Rally' announced on January 31 the shutdown of its sidechain blockchain network, meaning that users would not be able to access non-fungible tokens (NFTs) on its sidechain.
Rally communicated the shocking message to its users via email that said the Rally sidechain would start winding down on Tuesday, January 31, the same day the firm sent the email.
Rally Close Down Sidechain Amid Difficult Market Conditions
Explaining the reason behind the unusual move, Rally cities 2022 has been a difficult year. It said the year was not only challenging for the platform but also for the entire cryptocurrency sector.
Rally said although its team made attempts to create a new path for the business continuation, the firm has been unable to overcome the ongoing challenges and negative macroeconomic factors that began last year.
Rally CEO Rob Collier explained that they would start winding down the platform immediately because of a lack of support at work. The CEO admitted that funding was the major obstacle for the company.
He said the firm developed its sidechain in 2018, but the mainnet has been extremely expensive to maintain compared to all of the new layer-1 blockchain tech stacks that the firm recently launched.
Rally said the sidechain is no longer supported, and therefore, users may experience a decline in NFT services or may soon become inaccessible.
Rally network is an Ethereum-based platform that enables creators to launch their social tokens. It allows mus...
|  | Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week.Dogecoin (DOGE)
Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level.
Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today.
As a result of the surge, dogecoin rose to its strongest point since December 11, when prices were at a high of $0.0972.
Since the move, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with a ceiling of its own.
As of writing, the index is tracking at 65.03, which is marginally above a resistance level at 65.00.
Providing bulls are able to maintain current momentum, their next target will likely be $0.099.
Shiba Inu (SHIB)
Another notable mover was shiba inu (SHIB), which rebounded following losses to start the week.
SHIB/USD rose to a high of $0.00001195 in today’s session, which comes a day after the token was at a low of $0.00001134.
Tuesday’s surge saw SHIB climb back above a key support level of $0.00001165, and came as the RSI also rebounded.
As of writing, the index is currently tracking at 62.57, which is marginally above a floor at 60.00.
Should momentum continue to move higher, the next target for shiba inu bulls ...
|  | Dogecoin Price Prediction: Doge Could Rally Further To $0.10
Dogecoin is gaining pace above the $0.088 resistance against the US Dollar. DOGE could rise further if there is a close above the $0.093 resistance.
DOGE gained pace and traded above the $0.088 resistance against the US dollar. The price is trading above the $0.088 zone and the 100 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $0.0868 on the 4-hours chart of the DOGE/USD pair (data source from Kraken). The pair could rise further if there is a clear close above the $0.093 resistance. Dogecoin Price Eyes More Gains
After forming a base above the $0.080 zone, dogecoin price started a steady increase. DOGE was able to slowly climb higher above the $0.082 and $0.085 resistance levels.
There was a clear move above the $0.088 resistance zone to move further into a positive zone. However, the bears were active near the $0.092 and $0.093 resistance levels. The price is now consolidating gains above $0.090, unlike bitcoin and ethereum (correcting lower).
Doge price is trading above the $0.088 zone and the 100 simple moving average (4-hours). There is also a crucial bullish trend line forming with support near $0.0868 on the 4-hours chart of the DOGE/USD pair.
Recently, there was a minor decline from the $0.0948 high. It traded below the 23.6% Fib retracement level of the upward move from the $0.0844 swing low to $0.0948 high. On the upside, the price is facing resistance near the $0.0925 level. The first major resistance is near the ...
|  | Polygon (MATIC) Could Rally To $1.30 If It Breaches This Price Level
The MATIC price started to depreciate on its daily chart after it met its immediate resistance of $1.124. In the same time frame, the coin fell by almost 6%. Over the last week, however, MATIC registered sharp gains as it appreciated by nearly 13%.
The MATIC price currently stands at a critical point, as a break above the immediate resistance mark will help the altcoin to propel its price considerably. The technical outlook of the altcoin continues to side with the bulls despite the recent fall in price.
This also means that bullish momentum hasn't died down yet. The buying strength has remained strong over the last week, but the coin has seen a slight buyer downtick on the daily chart. Accumulation, on the other hand, has remained positive.
MATIC must secure its local support at the $1.112 level for the coin to continue moving up. By the indicators, buyers could step in as MATIC is headed for another bull run before the price retries again. The altcoin is trading 60% below its all-time high, secured in 2021.
MATIC Price Analysis: One-Day Chart
Polygon (MATIC) was trading at $1.116 at the time of writing. Over the last week, the coin has breached several critical resistance levels. It is now stuck under its immediate resistance of $1.122; moving above that level will help MATIC to rally by almost 15%.
The nearest support for the coin was $1.109, but MATIC has to immediately topple the $1.122 mark to secure $1.120 as its support level.
A fall from the $1.109 price will drag ...
|  | Ethereum Price Hints At Potential Rally But This Resistance Is The Key
Ethereum started another increase above the $1,620 resistance against the US Dollar. ETH is rising and might rally if it clears the $1,665 resistance zone.
Ethereum is slowly moving higher above the $1,600 and $1,620 levels. The price is now trading above $1,620 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally if there is a clear move above the $1,665 resistance zone. Ethereum Price Starts Increase
Ethereum price remained well bid above the $1,550 level. ETH formed a base and started a fresh increase above the $1,600 resistance zone. There was a clear move above the $1,620 resistance, similar to bitcoin.
There was a break above a major bearish trend line with resistance near $1,615 on the hourly chart of ETH/USD. The bulls were able to pump the price above the $1,640 resistance. A high is formed near $1,658 and the price is now consolidating gains.
Ether price is now trading above $1,620 and the 100 hourly simple moving average. It is trading near the 23.6% Fib retracement level of the upward move from the $1,557 swing low to $1,658 high.
Source: ETHUSD on TradingView.com
An immediate resistance is near the $1,655 level. The next major resistance is near the $1,665 level. An upside break above the $1,665 resistance zone could start a decent increase. In the stated case, the price may perhaps rise towards the $1,720 resistance. A...
|  | SOL Price Prediction: Solana Rally Could Gather Pace above $30
Solana is surging above $20 against the US Dollar. SOL price could extend its rally above the $26 and $30 resistance levels in the near term.
Sol price started a fresh increase above the $20 and $22 levels against the US Dollar. The price is now trading above $22 and the 100 simple moving average (4-hours). There is a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL/USD pair (data source from Kraken). The pair could rise further if it stays above the $22.00 and $20.00 support levels. Solana Price Rallies Over 10%
This week, solana price formed a base and started a steady increase above the $20 level. There was a strong increase above the $22 resistance zone, similar to bitcoin and ethereum.
The bulls even managed to pump the price above the $25 resistance. It traded to a new yearly high at $26.54 before there was a minor downside correction. There was a decline below the $24 level. The price declined below the 50% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high.
Sol price is now trading above $22 and the 100 simple moving average (4-hours). There is also a major bullish trend line forming with support near $23.05 on the 4-hours chart of the SOL/USD pair.
The pair is now trading comfortably above the 61.8% Fib retracement level of the upward wave from the $20.20 swing low to $26.54 high. The price is now rising and up over 8%. On the upside, an immediate resistance is near the $25 level.
Source: SOLUS...
|  | Bitcoin Price Resumes Increase as The Bulls Aim Larger Rally To $25K
Bitcoin price started a fresh increase from the $22,400 support zone. BTC climbed to a new yearly high and now aims more upsides above $24,000.
Bitcoin started a fresh increase after forming a base near the $22,400 support zone. The price is trading above $23,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $23,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $23,000 support zone. Bitcoin Price Restarts Increase
Bitcoin price saw a downside correction below the $23,000 level. However, BTC remained well bid near the $22,400 support zone. A low was formed near $22,341 and the price started a fresh increase.
There was a clear move above the $23,000 resistance zone. Besides, there was a break above a major bearish trend line with resistance near $23,000 on the hourly chart of the BTC/USD pair. The pair surged to a new yearly high at $23,829 and is currently correcting gains.
There was a move below the 50% Fib retracement level of the recent increase from the $22,341 swing low to $23,829 high. However, the bulls appeared near the $23,200 support zone.
Bitcoin price is now trading above $23,000 and the 100 hourly simple moving average. It is also above the 61.8% Fib retracement level of the recent increase from the $22,341 swing low to $23,829 high. An immediate resistance is near the $23,400 level.
Source: BTCUSD on TradingView.com
...
|  | BTC Pulls Back But Are Bulls Staging a Rally to $24K? (Bitcoin Price Ana...
Bitcoin’s recent uptrend has paused temporarily upon arriving at the major swing level of roughly $22.8K. Although there are some bullish signs based on the on-chain analysis, there is a significant resistance region ahead in Bitcoin’s path.
Technical Analysis
By Shayan
The Daily Chart
The market appears to be looking for direction as the price has now reached a critical resistance zone. The descending trendline had been supporting the price until Bitcoin experienced a sudden cascade and dropped below it in late June 2022. This trendline then turned into a substantial resistance level and has rejected the price ever since.
However, Bitcoin has initiated a surge and currently aims to surpass the trendline, which presently stands at approximately $24.5K. A valid breakout should facilitate the uptrend and result in an impulsive bullish move.
It's also worth mentioning that the 50-day moving average is about to claim the 100-day moving average, a well-known bullish indication for the market structure, implying that a new bull run might occur soon.
Source: TradingView
The 4-Hour Chart
Bitcoin’s price is currently consolidating at a vital resistance zone of $22.5K, which also aligns with a prior major swing at $22.8K. In case of a breakout, the market may attain adequate demand and could expect another short run towards the $25K crucial resistance level.
However, by comparing the price and the RSI indicator’s behavior, a significant bearish divergence can be...
|  | Here's Why The Bitcoin Price Rally Stalled For Now
The Bitcoin price rally has stalled for five days now. After BTC experienced a furious surge from $21,000 to $23,000 last Friday, the price is now in a consolidation phase. The reasons for this are diverse.
As NewsBTC reported, Bitcoin's Relative Strength Index (RSI) on a daily basis is showing severe overheating. The technical indicator reveals that the BTC price is in heavily oversold conditions.
During the recent upward movement, the daily RSI was near 90 at times but has since cooled to 78 at press time. The stalling of the BTC price at $23,000 could therefore signal a healthy consolidation and a reset before a new price rally could be on the cards.
Another key factor for the Bitcoin price in recent weeks has been its correlation with the U.S. Dollar Index (DXY) and the S&P 500. Generally speaking, a weakening dollar is bullish for risk assets like Bitcoin and the S&P 500.
However, the weekly chart of the DXY reveals that the dollar index is still holding above its weekly support at 101, which experts consider an extremely crucial support level.
If the DXY breaks below this mark, things would be extremely bullish for the Bitcoin price. However, due to the still-standing support, the euphoria among risk investors may have also come to a halt for the moment.
FOMC Meeting Will Be Decisive For Bitcoin Price
The next FOMC meeting of the U.S. central bank will take place in just one week, on February 1, and will probably set the course for another bull or bear trend.
According...
|  | Avalanche Crumbles 10% – Was The AVAX Rally A Bull Trap?
Avalanche has been going up the chart ladder since the start of the year, following the broader crypto market rally as major cryptocurrencies break through crucial resistances. But right now, its native token AVAX seems to have found itself a new ceiling.
According to Coingecko, AVAX is down 10% in the daily time frame, landing it a spot as one of the bigger losers as of today, January 25th. This has led to speculation that Avalanche’s most recent rally that was triggered by partnerships with Amazon Web Services and with Alibaba was just a so-called 'buy the rumor, sell the news' event.
The saying 'buy the rumor, sell the news' describes a common trading technique in which investors buy a security on the basis of rumors about an impending news announcement or data, and then sell the asset once the news is out.
This could afford the trader an opportunity to purchase the security before everyone else does so that he or she can sell it at a profit when demand and price rise.
External And Internal Forces Influence AVAX
Although developments on-chain have been particularly bullish, external market forces seem to be the dominant force for the token’s slippage today. At the time of writing, Bitcoin and Ethereum have approached their respective resistances with no breakthroughs made by the two cryptos' bulls.
But with recent developments like the ecosystem’s partnership with Canadian e-commerce company Shopify, we might see Avalanche become more ...
|  | Repeat Of April 2019? Bitcoin Rally Shows Similar Break Above These Key ...
On-chain data shows Bitcoin has broken above these three key levels in a manner reminiscent of the rally in April 2019.
Bitcoin Breakout Shows Initial Similarities To April 2019 Rally
According to data from the on-chain analytics firm Glassnode, BTC has broken above the three investor cost-basis levels for the first time since the COVID-19 crash and the 2018-2019 bear market. The relevant indicator here is the 'realized price,' to understand the concept of the 'realized cap' it needs to be looked at first.
The realized cap is a capitalization model for Bitcoin that assumes that each coin in the circulating supply has its real value as the price at which it was last moved rather than the current BTC price (which the normal market cap uses for its calculation).
Now, from the realized cap, a 'realized price' can be obtained by dividing the metric by the total number of coins in circulation. Since the realized cap accounted for the prices at which investors bought their coins (which is to say, their cost basis), the realized price can be thought of as the average acquisition price in the market.
This means that if the normal price of Bitcoin dips below this indicator, the average holder can be assumed to have entered a state of loss. While this realized price is the average cost basis for the entire market, the metric can also be defined for only specific groups of investors.
The BTC market can be divided into two primary cohorts: short-term holders (STHs) and long-term holders (...
|  | Bitcoin Surges Past $23K, Is the Rally Sustainable? (Analysis)
Bitcoin has been moving higher as the equity markets fetched more gains. The world's largest cryptocurrency by market capitalization climbed over $23,000 on Tuesday. Since the beginning of the year, both Bitcoin and Ethereum added 40% surges to their trajectory, retracting the entire post-FTX dump.
Needless to say, the ongoing rally has sparked concerns over its sustainability on the backdrop of last year's bloodbath, as well as subsequent numerous fake-out rallies. However, the latest Bankless report suggests that 'there are reasons to believe that this rally could have legs.'
'Bears Out of Skies'
One of the major reasons pointed out by Bankless is that there is little to suggest that the market is over-leveraged. 2022 saw a major de-leveraging event as centralized infrastructures came crumbling down, which flushed out a gigantic portion of leverage.
Open interest on perpetual futures also saw a significant drawdown.
DeFi whales, for one, were 'not particularly over-leveraged.' To trigger another event of cascading liquidation similar to that of FTX and COVID would, hence, require an 'exogenous shock' as there is only $164 million of liquidatable ETH positions above $1,000 across lending protocols such as Maker, Aave, Compound, Euler, and Liquity.
'Although battered players like DCG remain, there is little to suggest that the market is over-leveraged. Given the massive amount of short liquidations YTD, it appears as though it’s bears, not bulls, who are out over their ...
|  | XRP Price Prediction: Key Upside Break Could Trigger Rally To $0.5
Ripple is rising steadily above the $0.380 resistance zone against the US Dollar. XRP price could rise further if it clears the $0.4320 resistance zone.
Ripple is currently rising above the $0.38 resistance zone against the US dollar. The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair could rally further if there is a clear move above the $0.4320 resistance zone. Ripple Price Starts Steady Increase
After forming a base above $0.32, ripple’s XRP started a steady increase against the US Dollar. The price climbed above the $0.35 resistance zone to move into a positive zone.
The bulls pushed the price above the $0.365 level and the 100 simple moving average (4-hours). The increase was such that xrp price even surged above the $0.40 level. It traded to a new yearly high at $0.4324 and is currently consolidating gains, similar to bitcoin.
The price is now trading above $0.380 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $0.3960 on the 4-hours chart of the XRP/USD pair. The pair is stable above the 23.6% Fib retracement level of the upward move from the $0.3655 swing low to $0.4324 high.
Source: XRPUSD on TradingView.com
An immediate resistance is near the $0.432 zone. The next key resistance is near the $0.45 level. A successful break a...
|  | Ethereum Price Forms Bullish Continuation Pattern and Could Rally Again
Ethereum is consolidating gains above $1,600 against the US Dollar. ETH is showing positive signs and might start another increase above $1,650.
Ethereum is showing positive signs above the $1,620 and $1,600 levels. The price is now trading above $1,600 and the 100 hourly simple moving average. There is a key bullish flag forming with resistance near $1,640 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rally again if it clears the $1,640 and $1,650 resistance levels. Ethereum Price Could Pop Higher
Ethereum price started a downside correction from the $1,680 resistance zone. ETH corrected lower below the $1,650 and $1,620 level, similar to bitcoin.
The price declined below the 23.6% Fib retracement level of the upward wave from the $1,481 swing low to $1,680 high. There was a sharp decline below the $1,620 level and the 100 hourly simple moving average. However, the price remained stable near the $1,600 level.
Ether price is now trading above $1,600 and the 100 hourly simple moving average. There is also a key bullish flag forming with resistance near $1,640 on the hourly chart of ETH/USD.
Source: ETHUSD on TradingView.com
An immediate resistance is near the $1,640 level and the channel resistance. The next major resistance is near the $1,665 level. An upside break above the $1,665 resistance zone could start a fresh rally. In the stated case, the price may perhaps rise towards the $1,720 resistance. Any more gains might send the price towards $1,800...
|  | Bitcoin Puell Multiple Starts To Leave Bear Market Zone, Bull Rally Here...
On-chain data shows the annual rate of change in the Bitcoin Puell Multiple has exited the bear market zone, a sign that a bull rally may be here.
Bitcoin Puell Multiple 365-Day Rate Of Change Has Shot Up
As pointed out by an analyst in a CryptoQuant post, this could be one of the first indications of the return of the bull market. The 'Puell Multiple' is an indicator that measures the ratio between the daily Bitcoin mining revenue (in USD) and the 365-day moving average (MA) of the same.
When the value of this metric is greater than 1, miners are making more income than the yearly average right now. On the other hand, values below the threshold imply the revenues of these chain validators is less than usual.
As miner revenues shift, these holders become more or less likely to sell BTC (depending on which way of the break-even mark the ratio has swung in), which is a factor that can affect the price of the crypto. Thus, when the Puell Multiple is greater than 1, BTC may be considered overvalued, while being lesser than this value might suggest the coin is undervalued.
The relevant indicator here is not the Puell Multiple itself but its rate of change (RoC). The RoC displays the speed at which any metric changes its value over a defined period.
In particular, the 365-day RoC of the Puell Multiple is of interest in the current discussion. Here is a chart that shows the trend in this indicator over the course of the different Bitcoin cycles:
In the above graph, the quant has ...
|  | This Bitcoin On-Chain Reading Confirms The Rally Is Getting Started
After 216 days, the Bitcoin Market Value to Realized Value (MVRV) ratio finally broke above 1, making this accumulation the second longest after it took BTC prices 300 days to bottom up after the bear run of 2014-2015. It also signals the likelihood of another refreshing BTC rally after gains of last week.
Bitcoin's MVRV Breaks Above 1
The breakout coincided with BTC prices surging to as high as $23,300 on Saturday, January 21, a positive development, especially for optimistic holders.
As of writing on January 22, prices have cooled off, and the coin is trending at around $22,700, albeit with relatively low trading volumes. Still, the retracement puts BTC within a bullish formation following impressive gains on January 20 when the coin printed higher, defying gravity and confirming demand.
The MVRV ratio changes depending on Bitcoin's market forces. The prevailing sentiment is that BTC is bottoming up. Bulls could be preparing for another leg up, injecting the much-needed volatility and volatility into the crypto markets. However, the absence of confirming indicator presented problems.
Technical and fundamental analysts may use the MVRV ratio to time market entries and exits. Typically, whenever the MVRV ratio is below 1, then it implies that prices are at their bottom.
Any reversal from sub-1 to above 1 with increasing valuation may signal price bottoms and, possibly, more room for upsides in the coming days. This signal could be a precursor to guid...
|  | Warning Signs Flash for Ethereum as Rally Cools Down (ETH Price Analysis...
Ethereum's price surge has seemingly halted after rallying over the past couple of weeks. With multiple key resistance levels broken, the market seems likely to enter a bullish phase. However, some warning signals are emerging.
Technical Analysis
By: Edris
The Daily Chart:
On the daily timeframe, the price has broken past the $1300 resistance level, and the 200-day moving average is around the $1400 mark. Yet, bullish momentum has been fading recently, making a bearish pullback probable.
The RSI indicator, which has been showing an overbought signal for a while, is now decreasing. This decline indicates a potential pullback or even a reversal. In this case, the 200-day moving average and the $1300 level should be considered support levels.
On the other hand, the $1800 level is the next significant resistance zone and target for a further rally in the daily timeframe.
Source: TradingView
The 4-Hour Chart:
Looking at the 4-hour chart, the lack of bullish momentum can be seen more clearly. The price's microstructure has seemingly turned bearish, but the $1650 resistance area has not been reached yet, and the cryptocurrency could still climb higher to test it.
The RSI indicator also flashes a significant warning signal, with a visible bearish divergence forming between the last few highs. While a bullish continuation toward the $1650 level still seems likely, a bearish pullback could be expected in the short term, either before testing the $1650 level or after.
Source: TradingVie...
|  | 10 Crypto Stocks That Skyrocketed In January's Rally So Far
Stocks and bonds got a nice lift in January out of fizzling inflation, strong consumer and job confidence, and hopes of lower interest rates. But the cryptocurrency spot exchange market absolutely surged on a Bitcoin price rally at the same time.
The BTC price has recovered so dramatically since the start of the year that Bloomberg Intelligence announced BTC is already one of the best-performing assets of 2023.
As a result, the following crypto stocks, among others, saw huge gains in the first half of the month.
These Five Popular Crypto Stocks Skyrocketed As Bitcoin's Price SoaredCoinbase (NASDAQ:COIN) - 63%
Coinbase stock started off in 2023 trading on NASDAQ at just a little over $33. During the latest rally, it took off to a high of $54 on January 17th for a 63% YTD gain. It has since retraced to around $49.40 at the time of this writing.
Investors might also be looking at the company's cost-cutting measures. Coinbase laid off nearly 1,000 more employees this month - the crypto exchange's second round of layoffs in less than a year.
MicroStrategy (NASDAQ: MSTR) - 67%
Business intelligence and cloud company MicroStrategy's CEO, Michael Saylor, believes Bitcoin will be a global store of value by the year 2031.
Part of the firm's macro strategy has been to accumulate and hold massive amounts of BTC. This crypto stock gives owners exposure to Bitcoin and executive leadership that is thinking the way cryptocurrency enthusiasts do.
MSTR stock started off the year trading at $14...
|  | Bitcoin Might Fall Below $20,000 Before Bull Rally Resumes, Analyst Says
The last two weeks have been incredible for the price of bitcoin. The digital asset has been able to successfully make its way out of a depressing bear trend and reached two-month highs in the process. However, with the recent pullback, there may be a bit more pain for bitcoin investors before the upward rally continues.
Analyst Justin Bennett Says Bitcoin Below $20,000 Is Possible
In a new issue of his crypto trading newsletter, analyst Justin Bennett reveals some bearish tendencies of the market. He first points to the fact that the market has enjoyed a good amount of gains, adding as much as 28% to its value in just the last 18 days. But as is expected after such a rally, a market correction has pulled back the price of the digital asset.
While there have been speculations that this pullback would only be temporary, Bennett explains that it could go a lot further. Now, the analyst does not take away from the bull trend that bitcoin is currently on but rather presents a scenario where the price of the cryptocurrency could back to below $20,000 before the rally resumes.
BTC has already fallen back into the $20,000 region as of the time of this writing, giving credence to Bennett’s analysis. However, with key support for the digital asset now resting at $20,000, bears could pull the price as close to this support as possible before the bears take over once more.
“I like Bitcoin higher toward $25,000 and potentially $29,000, but not without a pullback into the $...
|  | Bitcoin Rally Pushes Crypto Mining Stocks Up – What's Ahead?
After a year-long winter accompanied by massive losses in the mining sector, the recent Bitcoin recovery is a relief to miners. Moreover, the Bitcoin price rally has rubbed off on crypto mining stocks as they witness the highest performance in the past year.
In the 2022 bear market, public crypto miners recorded up to $4 billion in liabilities due to low profitability and stock prices. As a result, many miners who struggled to stay afloat resorted to selling their coin reserves to boost liquidity.
Bitfarm And Others Record Year-Long Highs In Mining Stocks
The first two weeks of 2023 have brought relief to miners with the BTC price rebound. Among the top gainers is Bitfarms, which recorded a 140% rise in the first 14 days of January.
Marathon Digital Holdings Inc. followed Bitfarms with a 120% surge in mining stocks. Hive Blockchain Technologies Limited also experienced a rise in its stocks to nearly double the original value in the first two weeks of the year.
MVIS Global Digital Assets Mining index rose by 64% in January, while the Luxor Hashprice Index saw a 21% increase. The Luxor Hashprice Index quantifies possible miners' profit based on the processing power consumption in the Bitcoin network. The significant increase in these indices partly reflects an increase in mining rewards due to the Bitcoin price rally.
The 2021 crypto bull run led many private mining companies to declare their stock shares publicly. Many Bitcoin mining firms borrowed huge sums for expansion dur...
|  | Algorand TVL Hits $177 Million As Altcoin Rally Continues – Can AL...
Algorand is one of the fastest growing crypto in terms of gains. According to CoinGecko, the token has appreciated by 30% in the last two weeks. With the broader crypto market rallying as Bitcoin breaks its crucial $21,000 resistance, ALGO is set to gain more in the next few days.
The Total Value Locked department is where the ecosystem gained the most. According to DeFiLlama, Algorand’s TVL yesterday hit $177 million in value. This uptick in TVL is a bullish indicator that the ecosystem still has the momentum to reach new milestones.
However, the token might be on shaky ground as the bears test its current support at $0.2275.
Algorand Developments On-Chain
Algorand’s G6 governance commitment period ended yesterday, January 16. According to Algorand blockchain explorer, AlgoExplorer, more than 4.1 billion ALGO is staked by over 31,763 governors.
The ecosystem would pay back the governors with an annual return rate of 6.52%. This way of governance makes the Algorand ecosystem stay true to the tenets of decentralized finance. To add to this bullishness, the ecosystem also processed its 1 billionth transaction.
With the ecosystem able to handle more than 2,881 swaps on-chain, Algorand is expected to continue growing in popularity.
Did you know Algorand can handle over 10x the number of AMM swaps per second relative to #solana #Avalanche #polygon #bsc #celo #ethereum? $sol $matic $algo $bsc $eth pic.twitter.com/7hBmduanfM
— ...
|  | Bitcoin Price Spike May Push Rally To This Amount, Top Analyst Predicts
The recent surge in the price of Bitcoin has revived hope in crypto assets. To this point, pseudonymous crypto analyst Cheds stated that a massive rally might not be far-fetched for BTC soon.
The crypto market struggled with rising inflation rates and other negative factors in 2022. However, in 2023, BTC has picked up positive price momentum, with some investors believing the worst days are over. Ched's prediction is bullish on the performance of BTC in the future.
$BTC visual of this potential bull thesis on daily https://t.co/eUfkmAOx5N pic.twitter.com/UVOCTjctZl
— Cheds (Trading Quotes) (@BigCheds) January 14, 2023
Cheds on Twitter gave his forecast on the BTC price based on his technical analysis. He stated that Bitcoin might see a bullish reversal. In his words, above $18,200 opens up the possibility of an inverse head and shoulders complex, multiple shoulders and head with neck base at $25,500.
His optimistic forecast has Bitcoin soaring up to the $37,000 level, which will be a 76% increase from its current value. He suggested that fear of missing out (FOMO) will drive more traders to chase BTC rallies.
Bitcoin also closed above its 200-day moving average. Ched labeled this move a sign of BTC's strength. He believes the altcoins will also spark to life once Bitcoin and Ethereum slow down to consolidate their positions.
Tim Draper, a BTC bull, was more optimistic about the price movement of Bitcoin. His analysis predicted that Bitcoin would be worth $250,00...
|  | MATIC Price Prediction: Rally Could Resume Above $1.05
MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone.
MATIC price started a decent increase above the $0.85 resistance against the US dollar. The price is trading above $0.92 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $0.955 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.08 and $1.20 resistance levels. Polygon’s MATIC Price Eyes More Upsides
This past month, polygon’s price declined below the $0.80 support zone. MATIC even broke the $0.75 support zone and the 100 simple moving average (4-hours).
However, the bulls were active near the $0.70 support zone. A base was formed above the $0.75 level and the price started a fresh increase. The price was able to clear the $0.80 and $0.85 resistance levels. The bulls took control above the $0.90 level and the 100 simple moving average (4-hours).
Finally, the price spiked above the $1.0 level, outperforming bitcoin and ethereum. A high is formed near $1.05 and the price is now consolidating gains. It is trading above $0.92 and the 100 simple moving average (4-hours).
MATIC price is also trading above the 23.6% Fib retracement level of the upward move from the $0.831 swing low to $1.054 high. On the upside, an immediate resistance is near the $1.02 level. The first major resistance is forming near the $...
|  | Ethereum Price Gearing For Lift-Off to $1,800: Rally Isn't Over Yet
Ethereum gained pace above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might aim a fresh rally towards the $1,650 level.
Ethereum started a decent increase above the $1,500 and $1,520 resistance levels. The price is now trading above $1,520 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $1,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a downside correction below the $1,520 support. Ethereum Price Remains In Uptrend
Ethereum price started a strong increase above the $1,450 resistance. ETH was able to clear the $1,500 resistance zone to move further into a positive zone, similar to bitcoin above $20,500.
The price even surpassed the $1,550 resistance zone and tested $1,600. A high is formed near $1,606 and the price is now consolidating gains. There was a minor decline below the 50% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.
However, the bulls were active above the $1,540 support. It even remained stable above the 76.4% Fib retracement level of the recent increase from the $1,520 swing low to $1,606 high.
Ether price is now trading above $1,520 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,550 on the hourly chart of ETH/USD. An immediate resistance is near the $1,590 level. The next major resistance is near the $1,620 level....
|  | Bitcoin Tests $20k As End of Week Rally Continues
Bitcoin is pushing against the $20k price level for the first time since early November, prior to FTX’s collapse.
As of 22:28 UTC, Bitcoin traded at $19,962, up from roughly $18,800 at the start of the day.
Its price climbed especially fast 21:34 UTC, when it sprang from $19,450 to $19.823 within 5 minutes.
Liquidations remain high, with $70 million across 45,000 crypto traders being cleared within the past hour, according to Coinglass.
The largest liquidated trade within the past 24 hours took place on OKX, affecting a BTC-USD swap for $4 million.
Bitcoin has been rallying since Thursday when Bitcoin broke past $19,000 for the first time in months, triggering $350 million in liquidations.
The Bitcoin Fear and Greed Index rose again on Friday from a score of 30 to 31, indicating slightly more greed.
Bitcoin / USD. Source: TradingView
The post Bitcoin Tests $20k As End of Week Rally Continues appeared first on CryptoPotato.
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