|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cryptocurrency News Articles
ARB and WLD Surge Significantly, Signaling Bullish Outlook
Apr 28, 2024 at 07:02 pm
The prices of Arbitrum (ARB) and Worldcoin (WLD) have surged in the past 24 hours, breaking past crucial points. ARB's upward momentum could push it towards $1.45, while WLD may reach $5.79. Fibonacci analysis indicates potential resistance for both tokens, but technical indicators suggest continued bullish sentiment.
ARB and WLD Surge Past Critical Points, Signaling Bullish Momentum
In a remarkable surge, both Arbitrum (ARB) and Worldcoin (WLD) have broken through crucial resistance levels in the last 24 hours, unleashing the potential for further gains. The price action signals a shift in market sentiment, with bulls tightening their grip on these altcoins.
Arbitrum (ARB): Ascending to New Heights
For the first time since April 24, ARB has triumphantly breached the $1 mark after registering a significant 9.73% surge in the past day. At the time of writing, ARB is trading at $1.15, driven by a surge in buying pressure.
Technical analysis suggests that ARB could continue its upward trajectory, with immediate targets at $1.27 and potentially as high as $1.45. The Fibonacci indicator further supports this bullish outlook, indicating potential resistance at the 0.382 Fib retracement level ($1.27) and a possible peak at the 0.5 Fib retracement level ($1.45).
Adding credence to the bullish case, the Relative Strength Index (RSI) has surged, indicating a healthy dose of buying momentum. The RSI has not yet reached overbought territory, suggesting that further gains are possible.
Worldcoin (WLD): Aiming for the Sky
WLD has also experienced a notable increase, advancing by 4.66% in the last day to reach $4.93. This surge has propelled WLD to a critical resistance level at $5.21, which could act as a potential obstacle to further gains.
However, the technical indicators for WLD paint a promising picture. The Moving Average Convergence Divergence (MACD) is positive, signaling a bullish momentum. The 12 and 26 Exponential Moving Averages (EMAs) have yet to cross above the zero line, indicating that the bullish bias is not yet fully confirmed. Nonetheless, if the EMAs do turn positive, it could provide further impetus for WLD's ascent.
The Fibonacci indicator also provides a potential target for WLD, with the 0.786 Fib level positioned at $5.79. This level could act as a potential support zone, providing a cushion against any potential downward pressure.
Conclusion
The recent surges in ARB and WLD prices have reignited optimism among crypto investors. The tokens' strong technical indicators and favorable market conditions suggest that the bullish momentum could continue in the short term. However, it is important to note that the cryptocurrency market remains volatile, and investors are advised to exercise caution and manage their risk accordingly.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- MCO Named One of Ireland's Best Managed Companies
- Sep 21, 2024 at 03:45 pm
- MCO (MyComplianceOffice), a leading provider of compliance management software for financial services firms, has been named one of the Best Managed Companies in Ireland at the Best Managed Companies awards, led by Deloitte.
-
- Crypto firms should never carelessly trust their engineers to upload code without an external review first, says JP Richardson
- Sep 21, 2024 at 03:35 pm
- He argued that this is essential to stop bad actors, who are becoming more sophisticated in tricking crypto firms into giving them jobs, from uploading malicious code to the firm’s software.
-
- Bitcoin (BTC) Price Rebounds, But Must Establish Support at Key Levels Before Retesting All-Time Highs
- Sep 21, 2024 at 03:35 pm
- Bitcoin (BTC) price has rebounded significantly, making it a hot topic among investors. However, before any further upward movement can occur, Bitcoin must establish solid support at key price levels.
-
- Qubetics $(TICS) Revolutionizes Cross-Border Payments for Financial Institutions
- Sep 21, 2024 at 02:35 pm
- What if financial institutions could bypass the high costs, delays, and inefficiencies plaguing cross-border transactions?
-
- LayerZero Token Airdrop Claiming Period Closes
- Sep 21, 2024 at 02:25 pm
- LayerZero officially closed the ZRO token claiming period and announced the redistribution of all unclaimed tokens to wallets that had previously claimed the airdrop.
-
- Stabull Finance Announces $STABUL Token Pre-Sale on GemPad
- Sep 21, 2024 at 02:25 pm
- Stabull Finance, a stablecoin & RWA-focused decentralized exchange (DEX) for non-USD stablecoins and real-world assets, is announcing
-
- Top 5 Most Searched Coins on GeckoTerminal Today: Vader (VADER), BabyWukong (BABYWUKONG), Cat in a Dogs World (MEW), Baby Neiro (BABYNEIRO), and Mega Dice (DICE)
- Sep 21, 2024 at 02:25 pm
- An analysis of today’s market dynamics shows that the trading volume has reduced by a whopping 66%. However, some of the most searched coins on GeckoTerminal are experiencing an uptick despite the prevalent bearishness. Notably, our selection today features affordable tokens with massive potential.
-
- BingX Restores Select Crypto Withdrawals After $52M Hack
- Sep 21, 2024 at 02:25 pm
- BingX, a well-known cryptocurrency exchange, is planning to return withdrawals for chosen digital currencies like USDT, USDC, Bitcoin, Ethereum, Tron and Solana on September 21, 2024
-
- Stock Trading
- Sep 21, 2024 at 02:25 pm
- Markets 101: An Insight into Trendlines and Momentum By - Rohit Srivastava, Founder Stock Trading Markets 102: Mastering Sentiment Indicators for Swing and Positional Trading By - Rohit Srivastava, Founder Stock Trading Market 103: Mastering Trends with RMI and Techno-Funda Insights By - Rohit Srivastava, Founder Stock Trading Market 104: Options Trading: Kickstart Your F&O Adventure By - Saketh R, Founder- QuickAlpha, Full Time Options Trader Stock Trading ROC Made Easy: Master Course for ROC Stock Indicator By - Souradeep Dey, Equity and Commodity Trader, Trainer Stock Trading RSI Made Easy: RSI Trading Course By - Souradeep Dey, Equity and Commodity Trader, Trainer Stock Trading Technical Analysis for Everyone - Technical Analysis Course By - Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities Stock Trading Introduction to Technical Analysis & Candlestick Theory By - Dinesh Nagpal, Full Time Trader, Ichimoku & Trading Psychology Expert Stock Trading Options Trading Course For Beginners By - Chetan Panchamia, Options Trader Stock Trading Options Scalping Made Easy By - Sivakumar Jayachandran, Ace Scalper Stock Trading Futures Trading Made Easy: Future & Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant Stock Trading Stock Markets Made Easy By - elearnmarkets, Financial Education by StockEdge Stock Trading Renko Chart Patterns Made Easy By - Kaushik Akiwatkar, Derivative Trader and Investor Stock Trading Options Trading Made Easy: Options Trading Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant Stock Trading Stock Investing Made Easy: Beginner's Stock Market Investment Course By - elearnmarkets, Financial Education by StockEdge Stock Trading Macroeconomics Made Easy: Online Certification Course By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant Stock Trading Stock Valuation Made Easy By - Rounak Gouti, Investment commentary writer