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Showing posts with the label bearish trend

Analyst Says Solana-Based Memecoin Going Much Higher, Sees PENGU Facing ‘True Test’ After April Surge

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A closely followed crypto strategist believes one memecoin running on Solana (SOL) is not yet done rallying, even after posting over 60% gains this month. Pseudonymous analyst Altcoin Sherpa tells his 245,000 followers on the social media platform X that he’s bullish on Bonk (BONK) following the altcoin’s breakout of an accumulation zone on the three-day chart. The trader shares a chart suggesting that BONK can rally to as high as $0.0000262 after taking out its resistance at $0.0000142. “BONK is going much higher (I have a bag). Looks good on the charts as well. Think I’m going to add to my position if I get a small dip.” Source: Altcoin Sherpa/X At time of writing, BONK is trading for $0.0000182. Turning to the native asset of the non-fungible token (NFT) project Pudgy Penguins (PENGU), the trader says the altcoin needs to print a bullish higher low setup at around $0.0065 to start reversing its multi-month downtrend. Otherwise,...

Celestia Price Prediction for Today, January 31 – TIA Technical Analysis

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The Celestia price prediction reveals that the TIA price tests the previous downtrend channel’s resistance as a support level. If this level holds, it could provide the foundation for a continued upward move. Celestia Prediction Data: Celestia price now – $4.23 Celestia market cap – $2.16 billion Celestia circulating supply – 509.46 million Celestia total supply – 1.09 billion Celestia Coinmarketcap ranking – #52 Early participation in crypto projects can yield significant gains, as seen with Celestia (TIA). Currently trading at $4.26, TIA has surged over 900% from its all-time low of $2.03 on October 31, 2023, to its all-time high of $20.91 on February 10, 2024. This highlights the potential rewards of early investment in promising blockchain projects. TIA/USD Market Key Levels: Resistance levels: $6.50, $7.00, $7.50 Support levels: $2.00, $1.50, $1.00 TIAUSD – Daily Chart The daily chart of TIA/USD indicates a bearish trend ...

MAD Price Surges 9%, But Experts Say This Innovative Staking Meme Coin Might Go Parabolic

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The MAD price surged 32% in a week and 9% in the last 24 hours to trade at $0.00001316 as of 02:17 a.m. EST on trading volume that plunged 24% to $2 billion. MAD Price On A Bearish Trend – A Possible Reversal? The MAD price action shows a slight downward trend in the longer term, but in the near term, the asset appears to be moving sideways with possible consolidation after a brief spike. The chart shows a possible descending wedge, which can often be a bullish reversal pattern, according to data from GeckoTerminal . MAD now trades below the 50-day Simple Moving Average (SMA), which indicates that the asset is currently on a short-term downtrend. However, the price of MAD still trades above the 200-day SMA, which suggests that the asset may still soar above. The current Relative Strength Index (RSI) value is 47.84, which is in the neutral zone (between 30 and 70). This indicates neither overbought or oversold conditions. The RSI is showing a slight uptick, suggesting that the...