Cena MovementMOVE

GM #Crypto crew☕️ New day, new possibilities! ✨ The market never sleeps, and neither do the opportunities. What’s your move — #HODL, trade, or stake?👀📊

Bitcoin hovers above levels of support that may signal potential upward momentum. The cryptocurrency consolidates within a defined range where it has its support at $92,122 and resistance near $106,329. Buyers defending this zone may help Bitcoin find itself in price discovery mode. Pentoshi, a popular crypto analyst, highlights Bitcoin’s primary support between $92,000 and $94,000. Holding this zone suggests bullish strength. However, losing this support could push BTC down to $85,000. At the moment, the bullish bias remains intact, as Bitcoin has spent time within its current range without breaking down. At present, Bitcoin appears to be at $96,738 , representing a small gain of 0.58%. The higher price for the day was $96,980, and the lower price was $95,770. Price features suggest a possible consolidation phase that might precede a major breakout. Resistance at $106,329 has been tested multiple times but remains unbroken. A successful breach could ignite another rally, driving Bitcoin into new highs. Market structure remains bullish, with buyers stepping in at key levels to maintain higher lows. Crypto analyst el_crypto_prof discovers a falling wedge pattern on the Bitcoin 12-hour data. This technical formation is typically bullish, whereby the price action consolidates and finally breaks out between two downward-sloping trendlines. Bitcoin’s price movement within the wedge showed multiple lower highs and lower lows. Red arrows on the chart highlight resistance zones, while blue arrows indicate strong support. Near the wedge’s apex, Bitcoin broke above descending resistance , signaling a possible trend reversal. Key breakout and rejection points are marked with yellow circles. The first circle shows temporary resistance before another downward move, while the second highlights Bitcoin’s breakout above the wedge . This formation suggests increasing buying pressure, which may fuel a sustained upward movement. The wedge structure aligns with Bitcoin’s historical breakout patterns. Additionally, the market has shown accumulation within this range, further reinforcing the bullish outlook. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Pyth Network (PYTH) is showing indications of a potential reversal rally, with market observers watching keenly in a falling wedge pattern. The coin has gained 14.59% over the past week, sparking speculation about a potential breakout that would take its price significantly higher. In a recent tweet on X The Crypto Titan has provided recent insights on PYTH, and in them, they believe the asset has already bottomed and is about to move upward. PYTH is said in the post to currently be underpriced, and a move above the falling wedge could see its price reach $1.00. $PYTH (Weekly) IMO, the $PYTH reversal rally 📈 is started, after being bottomed out inside the falling wedge in the weekly timeframe✅. IMO, 1$ for $PYTH is nothing & right now it's way Cheaper💎 #pyth #Python #btc #bitcoin #crypto #CryptoTrading #thecryptotitans pic.twitter.com/LFADWJi5Z2 PYTH’s price action has been in a falling wedge, a setup with lower highs and lower lows. The recent bounce on the lower trendline is a testament to high demand, with the next significant level of resistance at $0.40. Analysts predict a potential breakout above the level could see a price move of as high as 210%, hitting a level of $1.00. Alternatively, a failure in a breakout could see a pullback and consolidation. The Stochastic RSI reading at 9.22 and 3.80 signals PYTH is in overbought. It is a hint a potential upward move is imminent in the case of a crossover. Moreover, the Directional Movement Index (DMI) shows a looming crossover of +DI (14.49) and -DI (14.23), and in case of a confirmation, could signal buyers regaining command. The ADX level of 22.82 signals a decelerating trend but a breakout could strengthen momentum. Traders are watching the area around $0.30-$0.35 as a potential area where a breakout could occur. If PYTH moves above here, the stock could move on to reach around $0.50-$1.00 in the near future. Downward, a break above could see consolidation. At the time of writing, The price was at $0.2431 with a market capitalization over the last 24 hours at $74,758,403. It is a gain over the day of 2.65%. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

XRP is consolidating within a symmetrical triangle, and analysts expect a breakout soon. The asset trades around $2.57, hovering near a crucial resistance zone at $2.80. According to market analyst X Finance Bull, XRP’s price continues to respect its support and resistance levels within the accumulation range. The symmetrical triangle pattern indicates price compression, a phase that typically leads to a significant breakout. A surge above the trendline could push the price toward the $3.70-$3.80 range, while a drop below support may send it toward the buy zone at $1.99. Volume levels have declined, signaling reduced volatility. However, an increase in trading activity could confirm the breakout direction. The bid-ask spread remains tight, reflecting strong market participation. Price action suggests that traders are waiting for confirmation before making large moves. Earlier price action shows a sharp drop before entering this consolidation phase. Strong support is still being provided by the lower trendline, which stops additional drops. A bullish rally might be triggered by an upward breakout if the price stays above this trendline. According to market analyst Steph Is Crypto , XRP’s price movement reinforces expectations of an imminent breakout. The symmetrical triangle nears its apex, indicating that a decisive move could happen soon. The price has tested a red resistance zone near $2.80 multiple times but has not yet broken above it. Candlestick patterns remain mixed, alternating between bullish and bearish formations. However, a breakout above $2.80 could confirm strong upward momentum. If the price fails to break resistance, it may retest lower support levels before attempting another move DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The crypto industry has just experienced a strategic turnaround. Franklin Templeton, a giant in asset management, is launching its Bitcoin & Ether ETF (EZPZ), a bold move that redefines access to cryptos. Far from being a simple financial product, this ETF embodies a subtle break between the era of individual speculation and that of structured institutional adoption. On the financial chessboard, Franklin Templeton is playing a master piece. The EZPZ, listed on Cboe BZX, tracks the CF Institutional Digital Asset Index — a basket composed of 87% bitcoin and 13% Ether. This changing distribution, depending on market capitalization, reflects a millennial logic: concentrate the essential, diversify the accessory. Unlike the direct purchase of bitcoin and other cryptos, often perceived as a plunge into murky waters, this ETF offers a secured raft. No longer needing complex custody or anxiety-inducing private keys. The investor accesses bitcoin through a regulated vehicle, as simple as a click. “An exposure without the hassles,” sums up Franklin Templeton on X. A simple formula for a silent revolution. Hashdex, a pioneer with its Nasdaq ETF (NCIQ), opened the way on February 14. But Franklin Templeton is betting on expansion: the EZPZ will progressively integrate other digital assets, subject to regulatory approvals. A promise of an evolving portfolio, reflecting a crypto market in perpetual change. December 19, 2023, will remain a key date. The SEC simultaneously validates the EZPZ and the NCIQ, signaling an unprecedented regulatory easing. A new wind is blowing since Donald Trump’s inauguration on January 20, 2024. His commitment to make the United States the “global capital of cryptos” is materializing: asset managers are flooding in with altcoin ETF projects (Solana, XRP, Litecoin…). NYSE Arca, in October 2023, had already knocked on the regulators’ door for the Grayscale Digital Large Cap Fund. This fund, dormant since 2018, aims to bring together bitcoin, Ether, Solana, and XRP under one stock roof. Bloomberg Intelligence anticipates “high chances of approval” for these products — a green light that catalyzes optimism. In the background, bitcoin is preparing its transformation. The Bollinger Bands, a volatility indicator, suggest a consolidation at the end of the cycle. History shows that after such phases, BTC triggers vertical rallies. An ideal context for the arrival of EZPZ: institutional investors could ride the bullish wave, armed with tools once reserved for insiders.