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Cryptocurrency News Articles
Bitcoin and Ethereum Stall, Altcoins Surge: Avalanche, BinanceCoin, and Dogecoin Lead the Charge
Mar 22, 2024 at 07:30 pm
Are Bitcoin and Ethereum Stalling, While Altcoins Surge?
Despite Bitcoin and Ethereum's sideways trading, a select group of altcoins are exhibiting remarkable strength. Avalanche, BinanceCoin, and Dogecoin are leading the charge, hinting at a potential upswing.
Avalanche: Primed for a Bullish Breakout?
Avalanche's parabolic price action has propelled it above key resistance levels. Consolidation above these gains suggests a significant upswing is brewing. The RSI's bullish divergence and the neutral ADX indicate a potential surge towards $70 by month-end.
BinanceCoin: Aiming for $700?
BinanceCoin has demonstrated exceptional strength since late 2023. Despite a minor pullback, the token appears poised for a fresh upswing. Trading within an expanding channel, BNB's latest rebound signals a move beyond $650 and possibly $700. The +Di & -Di divergence and MACD's declining selling pressure suggest imminent buying volume.
Dogecoin: Rallying to New Highs?
Dogecoin's rebound from $0.06 has injected substantial strength into its rally. Prices have inflated, forming new yearly highs above $0.2. Despite a minor pullback, the momentum remains strong. The bullish RSI indicates a rebound above the $0.16-$0.18 resistance zone, paving the way for a new yearly high above $0.3. The rising RSI supports a bullish scenario, potentially targeting $0.32-$0.35.
Altcoins: Ready to Shine?
While Bitcoin and Ethereum tread water, altcoins are stealing the spotlight. Avalanche, BinanceCoin, and Dogecoin's technical indicators suggest a healthy upswing may be imminent. These altcoins are worth keeping an eye on as they have the potential to drive market momentum in the coming days.
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- Australia's new digital ID scheme falls short of global privacy standards. Here's how it can be fixed
- Oct 30, 2024 at 08:15 am
- The federal government is still developing the system, with a pilot expected to run next year. Known as the “Trust Exchange”, it is part of the Trusted Digital Identity Framework, which is designed to securely verify people’s identities using digital tokens.
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- Maga (TRUMP) Coin Shows Renewed Bullish Signs a Week Before the 2024 United States Presidential Election
- Oct 30, 2024 at 08:15 am
- As of this writing, the Donald Trump-inspired meme coin is trading at $4.49, noting a 35% uptick over the past week. Its technical setup hints at the possibility of an extended rally. This analysis explores why.
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- Shiba Inu (SHIB) Price Shows Signs of Breakout, But Crypto Experts Believe This Low-cost Token (ETFS) Has More Potential to Grow 30,000% First
- Oct 30, 2024 at 08:15 am
- The Shiba Inu price has been an impressive uptick as the crypto market gains stability. Crypto experts have even begun making significant projections as high as 50% for Shiba Inu price in the coming days.
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- Tether Mints $1B USDT on Tron Blockchain, but Tokens Are Still Under "Authorized But Not Issued" Status
- Oct 30, 2024 at 08:15 am
- The newly minted tokens are already available to use, however, they are still under the “authorized but not issued”, meaning that the new billion USDT won’t impact Tether's market capitalization.