BTC Upside Potential Limited But Remains Fundamentally Strong To Hit $50,000
Bitcoin(BTC) price holds above robust support despite the $48,000 seller congestion zone thwarting bullish efforts. Bitcoin bulls targeted closing the gap to $50,000 before this week came to an end. However, price action appears to have been limited to under $48,000.
Avalanche raises $230M following the sale of higher than 1500% returning AVAX
Avalanche(AVAX) has recorded tremendous growth, despite the market trend being increasingly bearish. The asset, at press time, was returning 1,589% to investors year-to-date after it rallied to $63.62. AVAX also registered a strong surge of almost 30% in one 24-hour window, a consequence of the latest updates to the ecosystem.
Shiba Inu Token Is Up 25% Following Coinbase Listing
Coinbase has listed Shiba Inu (SHIB) on its main exchange. The coin’s price rose by approximately 25% within hours of the listing. It now has a market capitalization of $1.2 billion. SHIB is one of many similar tokens that attempted to capitalize on the success of Dogecoin earlier this year.
Cardano to the moon and beyond
Cardano(ADA) certainly makes a good case for itself. With scores of projects already in development after the Alonzo hard fork, sentiment is likely to be bullish going forward. However, ADA seemed to battle against some selling pressure at press time. Cardano to the moon and beyond. ADA needs to hold above a few key areas. This would allow its indicators to take back bullish positions after selling pressure fizzles out.
Ethereum eyes $6.5K bullish target as ETH price chart paints ‘cup and handle’
The success rate for cup-and-handle patterns in forex and stock markets, on daily timeframes, are 65% and 68%, respectively, per a Harvard study. Ethereum blockchain’s native asset, Ethereum (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. Ether’s upside analogy appears against the backdrop of growing institutional interest.