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A closely followed crypto analyst says that one mid-cap altcoin looks primed to quadruple by August while updating his outlook on Dogecoin (DOGE) and Solana (SOL). In a new strategy session, crypto trader Ali Martinez tells his 139,600 followers on the social media platform X that Pudgy Penguin (PENGU), the native asset of a non-fungible token (NFT) collection with the same name, appears ready to skyrocket aided by the launch of its upcoming exchange-traded fund (ETF). “Slap yourself if you are sleeping on PENGU. This is a textbook bullish retest. $0.060 by August is just the start. Once the ETF gets approved, who knows how far this can go.” Source: Ali Martinez/X PENGU is trading for $0.019 at time of writing, a 31.4% increase during the last 24 hours. A rise to Martinez’s target would represent a 216% gain for the asset. Moving on to the popular meme asset DOGE, Martinez says that every time it forms a specific pattern, its price tends to ris...

A trader who continues to build a following with timely calls on Bitcoin (BTC) and altcoins is issuing a warning on the broader crypto market. Crypto analyst Benjamin Cowen tells his 1 million followers on the social media platform X that he sees Bitcoin breaking support at $100,000. “Will likely see BTC back at its bull market support band soon, back in the mid-$90,000 range.” Source: Benjamin Cowen/X The bull market support band is formed by the 20-week simple moving average (SMA) and the 21-week exponential moving average (EMA). The analyst says his prediction is based on Bitcoin’s price action in the last two years, when Bitcoin started to roll over and gave up gains in the third quarter. “I’ve mentioned for a while on Youtube that Bitcoin would likely start exhibiting some weakness around mid-June as the Q3 weakness starts to present itself. The same thing happened the last couple of years. I think the next low is around Aug...

SHIB price won’t last longer at current levels according to market analyst “Pepe is Friend,” who suggests the meme coin is approaching a critical support zone. Right now, Shiba Inu trades at $0.00001157, and it’s down 0.6% in 24 hours. The Shiba Inu price forecast indicates this stagnation won’t continue, and analysts are pointing to key technical levels that could trigger the next move. Those wondering whether to buy SHIB now should consider that current price action suggests significant movement is imminent, and at the time of writing, the technical setup looks interesting. Source; CoinGecko Also Read: Shiba Inu Could Hit Dogecoin’s Market Cap by 2027, Analysts Claim Why Shiba Inu Price Won’t Last Source: Watcher.Guru The analyst’s assessment reveals why SHIB price won’t last longer at these levels, and market cap Analysis shows a series of lower highs and also lower lows. At the time of writing, Shiba Inu faces a critical support zone ...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A widely followed crypto analyst says that investors should continue hanging on as we are nowhere near the start of the next crypto bear market. In a new video update, Guy Turner, the host of Coin Bureau, tells his 2.66 million YouTube subscribers that the markets are still way too bullish for traders to be thinking about a bear market starting anytime soon, despite the industry taking a “pounding” recently. According to Turner, we’re still very much in Bitcoin (BTC) season as BTC dominance is still on the rise. He notes that when it comes time to flip to altcoin season, which appears to be coming soon, the top 10 altcoins by market cap will likely see the most inflows. “Bitcoin dominance continues to climb… Taking a look at the altcoin season indicator, we’re still clearly in Bitcoin season, but you’ll also notice that we’re also at levels where this trend has historically reversed, with more money flowing into altcoins. ...

A closely followed crypto analyst says that one top-10 altcoin is forming one of the most bullish digital asset market structures around. In a new strategy session, crypto trader Ali Martinez tells his 108,000 followers on the social media platform X that payments altcoin XRP is forming a bull pennant pattern. A bull pennant pattern is a continuation pattern where a period of consolidation is often followed by a breakout. “XRP has one of the most bullish setups in crypto right now after the recent retest of the breakout zone!” Source: Ali Martinez/X He also says XRP may soar to $10, an increase of more than 217% from its current value, as crypto whales are buying massive amounts of the token. “XRP is in the middle of a massive bullish breakout… On-chain data reveals that whales have been heavily accumulating XRP. In the last week alone, they’ve purchased over 1.10 billion XRP. This buying pressure is building momentum. XRP has broken out...

A chart pattern suggests an Ethereum (ETH) layer-2 scaling solution altcoin could surge by 2,400%, according to a popular crypto analyst. The trader Ali Martinez tells his 105,800 followers on the social media platform X that Polygon (MATIC) has been building a multi-year descending triangle since 2021. “This pattern shows lower highs pressing towards a strong horizontal support at $0.285, a classic setup for a potential breakout. If Polygon closes above the descending resistance line at $0.69, we could see a major move. Based on the triangle structure, a breakout might target $12. Of course, it all hinges on that close above resistance.” MATIC is trading at $0.453 at time of writing. The 127th-ranked crypto asset by market cap is down by nearly 5% in the past 24 hours. In terms of Bitcoin (BTC), Martinez notes that the top crypto asset witnessed a spike in the taker buy/sell ratio on OKX. “This indicates a surge in aggressive buying — a sign ...

The Hawk Tuah price has soared 117% in the last 24 hours to trade at $0.001768 as of 7:40 p.m. EST on a 819% pump in trading volume to $2 million. The surge in the HAWK price comes after renewed attention to the cryptocurrency, fueled first by Hailey Welch’s disappearance and then by a notice saying she is cooperating with attorneys representing those impacted by the coin’s earlier crash. Welch, who is better known as the “Hawk Tuah Girl” in connection with a viral video, had helped launch the coin, which faced a backlash after a dramatic price drop amid suspicions of a rugpull. JUST IN: $HAWK Tuah girl Haliey Welch has woken up after 15 days of radio silence Stating she is “fully cooperating” with her legal team $HAWK token price has spiked 80% since her return 🤣 pic.twitter.com/2BSdn8h0Cb — BlockNews (@blocknewsdotcom) December 20, 2024 This price recovery also follows a lawsuit against the coin’s creators, overHere Ltd.,...

Cryptocurrency analyst and trader Michaël van de Poppe is leaning bullish on altcoins. Van de Poppe tells his 748,300 followers on the social media platform X that altcoins are set to rally as profits generated from investing or trading Bitcoin (BTC) are channeled to the rest of the crypto ecosystem. According to the widely followed trader and analyst, most of the altcoins are at record lows against their Bitcoin pairs. “This means that there’s still a massive upward run to be made from those altcoins. Many of them need to go up 4x against Bitcoin to meet the levels of earlier this year. The altcoin markets have been in a bear market for the entire year. That’s insane!” Van de Poppe further says that the rallying of altcoins is preceded by a rally in Bitcoin. “It’s basically just a confidence play where Bitcoin breaks through its resistance and has a significant run, after which it stalls, consolidates, and people who have be...

The layer-1 blockchain Cardano (ADA) is primed to continue its long-awaited price surge, according to a popular crypto analyst. The digital asset trader Ali Martinez tells his 87,300 followers on the social media platform X that whales and “institutional players” have been buying into the Ethereum (ETH) competitor in anticipation of further price increases. “The volume of large Cardano ADA transactions on the network has surpassed $22 billion per day. Those large transactions appear to be related to high accumulation levels. Indeed, whales holding from $1 million to over $10 million in ADA have increased their positions by more than 100% in the past month.  The high buying pressure is starting to move prices, and from a technical perspective, Cardano seems to be mirroring its previous bullish cycle. If this pattern holds true, ADA could target $6!” Source: Ali Martinez/X Martinez also notes that one “key area” of support that ...