Analysis Crypto by Thebittimes.Com

The Ethereum price is once again experiencing a whirlwind of new price plunges and pitfalls. The asset is currently sitting at $4120, up 2% in the last 24 hours, but is still up for a shakeup in the future with a spree of new liquidations waiting to gnaw at the new Ethereum ATH. Will ETH be able to resist such sharp pangs of volatility to aim for a new price high consistently? Let’s find out. Also Read: Ethereum Price is Down 23% Since It’s Last ATH: When Will It Recover? Massive Liquidations Waiting To Hit ETH According to a recent update by the Whale Insider, nearly $11.6B in shorts are currently in line to liquidate as soon as the Ethereum price hits a new high target. This will once again push the price of ETH down, making it difficult for the asset to gain further momentum. “JUST IN: Over $11.6 billion in $ETH short positions will be liquidated when the price reaches a new all-time high.” JUST IN: Over $11.6 billion in $ETH short positions will be liquidated when price reache...

The Sui price climbed 4% in the last 24 hours to trade at $4.80 as of 9:05 p.m. EST on trading volume that rose 2% to $1.7 billion, according to Coingecko. Sui Price Aims For A Breakout To Continue Its Bullish Rally Over the past few weeks, the Sui price has been in a well-established uptrend, as evidenced by the formation of higher highs and higher lows within a parabolic curve. Recently, the asset broke out of a rounding bottom which is a bullish continuation pattern, signaling further upward momentum. The price of Sui is currently consolidating just below the $4.93 resistance level, which represents the most recent swing high. This consolidation could be indicative of a pause in the rally, often referred to as a bull flag. The key support levels to monitor lie at $4.24 (the 50-day Simple Moving Average (SMA)) and $3.67 (the 200-day SMA), both of which have acted as strong areas of support during the uptrend. Meanwhile, the Relative Strength Index (RSI) is currently at 68.43, i...

The Mad price surged 70% in the last 24 hours to trade at $0.00003024 as of 11:53 p.m. EST on trading volume that soared 68% to $9.2 million. MAD Price Indicators Show A Sustained Bullish Rally The MAD/USD chart shows a strong bullish breakout after a prolonged sideways consolidation period within the $0.000010 level. This is evident from the sharp Mad price surge and increased volume near the right-hand side of the chart, according to data from GeckoTerminal . The sustained rally drove the price of Mad to trade well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish trend. Furthermore, the Relative Strength Index (RSI) is at 72, indicating that the asset is in the overbought zone. This typically suggests a potential pullback or cooling-off period in the near term, as the market may need to consolidate after such a rapid rise. The Moving Average Convergence Divergence (MACD) line (blue) is rapidly rising and well above the signal line (o...

The Floki price surged 17% in the last 24 hours to trade at $0.0002587 as of 07:14 p.m. EST on trading volume that skyrocketed 40% to $1.7 billion. The increase follows FLOKI’s listing on Coinbase, which pushed it to a five-month high above $0.00027. Floki Price Could Still Soar The Floki price has sharply risen recently, breaking out from a consolidation phase and forming a bullish parabolic curve. According to data from GeckoTerminal , the $0.000150 support has allowed the price of Floki to trade on a sustained bullish rally. The current upward trajectory could still continue, as the Floki price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs). Moreover, the Relative Strength Index (RSI) (14) is at 67.21, close to the overbought zone (above 70). This suggests strong momentum, but the price might soon face a temporary pullback or consolidation as buyers begin to cool off. The Moving Average Convergence Divergence (MACD) line (blue) is well above t...

The Turbo price has surged 90% in a month and 5% in the last 24 hours to trade at $0.007051 as of 00:20 a.m. EST on trading volume that skyrocketed 69% to $236 million. Turbo Price On A Bullish Rally The Turbo price capitalized on the rounding bottom pattern around the $0.0034 support to push the price up towards the $0.0071 resistance, according to data from GeckoTerminal . However, the bears took control of the price, pushing the price of Turbo through a correction to the $0.0048 support and back to the resistance, forming another rounding bottom pattern. The bulls aim to capitalize on the pattern to keep propelling the price of Turbo, now trading above both the 50-day and 200-day Simple Moving Averages (SMAs). This affirms short-term and long-term price surges in the coming days. Moreover, the Relative Strength Index (RSI) is currently moving up towards the 70-overbought region, currently at 66, which is an indication that the asset is under intense buying pressure. The Movin...

The Pepe price plunged 9% in the last 24 hours to trade at $0.000009833 as of 06:47 a.m. EST on trading volume that soared 78% to $3.4 billion. Pepe Price Bulls Aim For A Bullish Rally The Pepe price seems to be rebounding from the sustained downtrend, as the bulls capitalized on the $0.000006550 support to push the price of Pepe, according to data from GeckoTerminal . However, the price of Pepe still trades above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the likelihood that the price of Pepe could still be on a bullish stance. If the bulls capitalize on the rounding bottom pattern and trading above the SMAs, the price of Pepe could continue soaring, as they target $0.000013. PEPEUSD Chart Analysis Source: GeckoTerminal.com Meanwhile, the Relative Strength Index seems to be retracing from the 70-overbought region as it heads down, showing that buyers are currently taking control of the price. The 50-day SMA also crosses below the 200-day SMA,...

The Celestia price rose 11% in the last 24 hours to trade at $5.92 as of 00:36 a.m. EST on trading volume that surged 70% to $338 million. This comes as Celestia launched its first Mainnet upgrade, Lemongrass, which enhances user experience and interoperability by introducing 1-click interactions over Inter-Blockchain Communication (IBC) for seamless cross-chain transactions. Lemongrass is live 🍵 As Celestia’s first Mainnet upgrade, Lemongrass introduces 1-click interactions over IBC, interchain accounts, and more. pic.twitter.com/ev9fEVxSRf — Celestia (@CelestiaOrg) September 18, 2024 The upgrade also Features Interchain Accounts, allowing Celestia accounts to be managed directly from other IBC-enabled chains, fostering greater connectivity within the Cosmos ecosystem. Celestia Price Could Continue Soaring The Celestia price movements since August have formed a double bottom pattern, with the bulls struggling to push TIA above the $6.10 resistance zone, a...