8-Year Accumulation Phase Could Catapult XRP Price To $6
Over the last year, the XRP price has managed to maintain a rather high price region, with the most resistance coming in at the $3 level. Despite this, the cryptocurrency has been unable to actually clear its all-time high of $3.8 that was set back in 2018, making it an important level to break. However, […]
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With the market remaining indecisive, Dogecoin has found its way into another accumulation phase after being rejected by bears once again. This has seen its price stuck just above $0.2, with a failure to mark any successful breakout. However, with accumulation trends, they often tend to form the basis for the next move, which could […]
As Bitcoin (BTC) trades within striking distance of its all-time high (ATH) of $108,786, recorded earlier this year in January, several indicators suggest that sustained bullish momentum could soon push the top cryptocurrency to new highs. Bitcoin Enters Final Phase Of Wyckoff Accumulation In a recent post on X, crypto analyst Ted Pillows highlighted that […]
Bitcoin is now caught within a persistent and relatively tight accumulation phase between $10,600 and $10,800 The cryptocurrency has been unable to post any type of ardent reaction to either of these levels, and has mainly traded in between them at $10,700 BTC’s ongoing bout of sideways trading has done little to offer insight into its near-term outlook, but investors are noting that a fresh trend may be approaching One trader recently put forth a […]
Tech Bureau Corp is one of the most prominent blockchain players in Japan, and their partnership with NEW will lead to the development of a new blockchain engine called Catapult. This new engine is an augmented and amended version of Mijin, which was also developed in partnership with NEM. The Catapult Blockchain Engine. Blockchain development in Japan seems to be firing on all cylinders these days, as the strengthened alliance between Tech Bureau Corp. and NEM leads to a next-generation project. Although Catapult was initially intended to be launched in 2014, various new features have....
On-chain data shows the Bitcoin Accumulation Trend Score has observed a decline recently, a sign that investor cohorts have taken to selling. Bitcoin Accumulation Trend Score Is Currently Sitting At 0.21 In a new post on X, the on-chain analytics firm Glassnode has shared an update on how the Accumulation Trend Score has recently been looking for Bitcoin. The “Accumulation Trend Score” refers to an indicator that tells us about whether the Bitcoin investors are accumulating or not. Related Reading: Bitcoin Not Reached ‘Extreme Euphoria’ Phase Yet, Glassnode Reveals The....