Altcoins News
By Maheen Hernandez
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The Friday close for Bitcoin has been Pivotal due to the $780 price recovery. A bullish hammer candle was created, and this trend will likely trigger an intense buying…
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If there is a high volume, the price would move towards $10,822 and would confirm a breakout of the triangle on the daily chart.
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The launch of Binance America is nearing. Altcoins are suddenly beginning to move in the upward direction.
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To sustain the upward momentum, the Altcoins should break the resistance area near $125 billion.
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Ether is beginning to show signs of higher lows and higher highs. The next bullish target is at $360.
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Dogecoin is showing bullish divergences, thereby signalling a trend reversal. There are a few things required for the continuation of the Altcoins rally.
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Considering the bullish scenario, Ether is holding support at $200. This is a vast area as the support has been tested many times in July and in August.
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The ranging, which shows re-accumulation and consolidation signal the creation of a new floor before the price can move in the upward direction.
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Considering the ETH/BTC pair, a bullish scenario is most likely on the cards in the current market.
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Considering the bearish trends in the market from the point of view with ETH trends, the token has not been able to make any progress beyond $230.
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If the rally is lost in the $200 support area, then the drop-down will be towards the $150 to $160 support area.
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It appears that the Altcoins are gearing up for a new bull cycle. The sooner there will be an evident surge in the price of significant Altcoins, the small and mid-cap ones will…
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