Tag: Price Analysis

Yearn.finance Price Forecast: YFI Poised For A Rally To $35,000

Yearn.finance bounces off support validating a key bullish outlook. The formation of double-bottom pattern prints a positive picture for gains targeting $35,000. The decentralized finance (DeFi) darling, Yearn.finance is resuming the uptrend after falling consistently from highs around $34,000, traded on September 27. The crypto encountered high selling pressure after another bounce from support established […]

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Bitcoin Price Prediction: BTC Falters Ahead Of A Potential Breakdown To $10,000

Bitcoin settles above $10,800 after bouncing off $10,600 support. Bitcoin nurtures a sideways trend ahead of a breakdown that could revisit levels around $10,000. The cryptocurrency market is indecisive and continues to trade horizontally. Bitcoin has impressively held above $10,800. However, gains towards $11,000 have been capped under $10,900. On the downside, the flagship cryptocurrency […]

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UniSwap Price Forecast: UNI Awaits Ultimate Liftoff To $5

UniSwap looks forward to a descending wedge pattern breakout to $5.00. UNI/USD is holding above the 21 SMA while the upside is capped under the 50 SMA. UniSwap has been on a downward roll since September after its bullish scenario was cut short by resistance at $5.60. The price has continued to narrow within the […]

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Bitcoin Technical Analysis: BTC Eyes Retreat Before Another Breakout To $11,000

Bitcoin price is poised for a retreat to the next support at $10,600. The 50 EMA and 100 EMA are in line to offer support to save Bitcoin from the potential fall to $10,600. The flagship cryptocurrency has been able to rise above the stubborn resistance at $11,000. However, there was an impressive bullish price […]

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Aave Technical Analysis: LEND Flashing Sell Signals, Downside Eyes $0.5

Aave is on the verge of a descending wedge breakdown, emphasizing the bearish grip. LEND/USD to seek support at the 50 EMA and the range between $0.50 and $0.45 if selling pressure mounts. Aave currently holds the third position in decentralized finance (DeFi) as far as the total value locked is concerned. Data by DeFi […]

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Bitcoin Price Analysis: BTC Bulls Regain Control, Plenty Of Room For Growth Above $11k

Bitcoin renews the uptrend after settling above the 50-day SMA. BTC is accorded with immense support according to on-chain analysis. The flagship cryptocurrency is gradually closing in on the coveted $11,000 critical level. Immediate support has been established above the 50-day Simple Moving Average. As Bitcoin settled above the 50 SMA, gains above this vital […]

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Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

Unlike the traditional financial system where almost-zero interest rates are being offered to investors, the exuberant annual percentage yields (APY) offered by many DeFi projects are what brought investors to the yield farming valley. Uniswap is inarguably the pioneer of decentralized exchanges (DEXs) as it caught investors’ attention with high returns for liquidity providers. The […]

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Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

The Federal Reserve or Fed has announced an “average inflation targeting” plan to drive the annual inflation rate above the standard 2% mark, which will keep interest rates close to zero. The Fed’s new approach to inflation policies signal that interest rates will be kept near-zero in order to achieve the target. Ultimately, these drastic […]

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Bitcoin Price Analysis: BTC/USD Majestically Propelled Above $12k, Is $13,000 Within Reach?

Bitcoin bulls take down the resistance at $12,084 and $12,145 to trade a new yearly high at $12,492. BTC/USD slowed down price action suggests that consolidation will follow ahead of a breakout to $13,000. Bitcoin finally made the last stroke above $12,000 on Monday ascending to a new yearly high at $12,492 (on Coinbase). The […]

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Ripple Price Forecast: XRP/USD Must Reclaim $0.30 To Get The Bullish Mojo Going – Analyst

Ripple price consolidates around $0.30 in anticipation of a rally above $0.3250 hurdle. XRP/USD must continue to hold above $0.30 to avert losses while keeping the focus on $0.3250 and $0.35 respectively. Ripple has in the past few days remained lethargic in its price action. These mundane trading activities around $0.30 come after Ripple ascended […]

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