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Goldencross

All articles tagged with #goldencross

cryptocurrency1 year ago

Ethereum's Golden Cross Signals Potential Altcoin Surge

Ethereum has outperformed Bitcoin recently, with a notable 8% price increase over the past week, compared to Bitcoin's 3% gain. A golden cross, where the 50-day SMA surpasses the 200-day SMA, has appeared on Ethereum's chart, suggesting a potential altcoin season. The altcoin season index supports this, showing a value of 86, indicating an ongoing altcoin season. Other altcoins like XRP, BNB, and Dogecoin have also seen price hikes. However, despite these bullish trends, investor sentiment remains bearish, which could impact the altcoin season's sustainability.

via AMBCrypto News|
#altcoinseason#cryptocurrency#cryptocurrencymarket
cryptocurrency1 year ago

Shiba Inu's Golden Cross Sparks Hope Amid Market Challenges

Shiba Inu (SHIB) recently formed a golden cross on its daily chart, typically a bullish indicator, but has since faced a price correction, dropping 4.07% to $0.00002453. The cryptocurrency's volatility is highlighted by its proximity to the lower Bollinger Band, suggesting potential further declines. Key support levels include $0.00002300 and the 50-day moving average at $0.00001902. Despite a surge in network growth, sustaining this momentum is crucial for SHIB's price stability. Investors are watching SHIB's ability to maintain support levels amid market volatility.

via AMBCrypto News|
#cryptocurrency#goldencross#marketvolatility
cryptocurrency1 year ago

Shiba Inu Set for Potential Surge Amid Bullish Patterns and Predictions

Shiba Inu (SHIB) has surged 30% in a week, driven by a rare golden cross pattern, which occurs when the 50-day moving average crosses above the 200-day moving average, signaling potential further gains. This pattern historically precedes significant price increases for SHIB, and with a recent 18% spike, investor confidence is growing. Additionally, SHIB's burn rate has increased, reducing supply and potentially boosting price. Meanwhile, Rexas Finance (RXS) is gaining attention with its presale success, offering real-world asset tokenization and significant growth potential.

via Bitcoinist|
#cryptocurrency#goldencross#priceprediction
cryptocurrency1 year ago

Dogecoin's Potential Surge: Golden Cross, Musk Influence, and Historical Trends

Dogecoin's recent bull run has sparked discussions about its potential price targets, with some analysts suggesting a $3 or even $10 target. However, crypto analyst Kevin Capital argues that reaching $3.90 is unlikely, with $1.80 being a more achievable target depending on Bitcoin's performance. He notes that Dogecoin is nearing a weekly Golden Cross, which historically precedes a significant rally. Meanwhile, analyst Dima James suggests a $10 target is possible if Dogecoin follows its historical performance patterns.

via CoinGape|
#cryptocurrency#dogecoin#goldencross