August 2024 – Page 16 – Coins Cap News
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Solana Poised For $400-500 Upside As Analyst Spots Wave 5 Formation

Solana

Solana (SOL), one of the largest digital assets in the market by market capitalization, has been in a period of price consolidation, oscillating between the $140 and $150 price range. This period follows a significant drop that saw SOL plummet to $109 on August 5th, with a modest recovery since then.  However, despite its resurgence,…

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Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?

Eth

Ethereum price struggled to clear the $2,750 resistance. ETH is now consolidating near $2,635 and remains at risk of more downsides. Ethereum started a fresh decline from the $2,750 resistance. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $2,695…

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This Is The On-Chain Level That Made The Bitcoin Crash Bottom

Bitcoin News

On-chain data suggests the Bitcoin price found its bottom following the recent crash around this important investor cost basis level. Bitcoin Found Its Bottom Near Active Investor’s Cost Basis According to the latest weekly report from Glassnode, Bitcoin formed its recent bottom near the cost basis of the “active investors.” To understand what this level…

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Unveiling The Strategic Advantages Of A Bitcoin Reserve For The US Economy

Bitcoin News

As the 2024 presidential election approaches, the idea of the United States government establishing a strategic Bitcoin reserve is gaining momentum. This potential policy shift has been championed by former President Donald Trump and pro-crypto Senator Cynthia Lummis, who see it as a novel way to help pay down the country’s $35 trillion national debt.…

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Bitcoin Flashes Inverted Triangle, Analyst Peter Brandt Explains What This Means

Bitcoin

Veteran crypto analyst, Peter Brandt has uncovered an inverted or expanding triangle pattern in Bitcoin (BTC). Utilizing classical charting principles, Brandt analyzes the technical pattern formation, highlighting its potential impact on Bitcoin’s price trajectory. What Bitcoin’s Inverted Triangle Pattern Means On August 12, Brandt took to X (formerly Twitter) to expanding Triangle pattern in Bitcoin.…

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Bitcoin Whales Participate In $588 Million Selloff: Is There More To Come?

Bitcoin News

On-chain data shows the Bitcoin whale entities have sold approximately $588 million in the cryptocurrency during the past week. Bitcoin Whales Have Made Large Selling Moves Recently As pointed out by analyst Ali Martinez in a new Supply Distribution” from the on-chain analytics firm Santiment, which tells us about the total amount of Bitcoin that…

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Celestia (TIA) Gains 14% Following Network Upgrade Announcement

Cryptocurrency Market News

Celestia gains ground against the bears after the platform gave new info about the upcoming network upgrade named Lemongrass. According to CoinGecko, TIA has been up more than 13% since last week, successfully getting the token into the spotlight. The newly gained momentum can be attributed to the network’s first upgrade, which will change the…

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