Analyst: Bitcoin May Face Prolonged Accumulation Phase Around $9,000
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 […]
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After hitting a new two-year peak back in 2024, the Dogecoin price had trended downward, and the result of this was a move into a major accumulation trend. Since then, the meme coin has been caught in this accumulation trend, with the majority of the price action favoring a bearish market. But with the tides changing, there could be a different approach for the cryptocurrency as Dogecoin flashes what seems to be an end to the accumulation trend. The Wyckoff Accumulation Holding Back Dogecoin Crypto analyst Trader Tardigrade shared that the Dogecoin price has been caught in a massive....
According to crypto analyst Cas Abbé, Dogecoin’s current movement suggests it is stepping into a new expansion phase after an extended period of accumulation. This development comes after months of relatively muted sentiment with strong price support, which now appears to be forming the groundwork for another strong breakout. Notably, technical analysis of various charts tracking Dogecoin’s hash rate, CVDD levels, alpha pricing, and network stress index provides context to this technical outlook, which might see Dogecoin surge to new price highs. Signs Of An Expansion Phase In Dogecoin....
After a highly anticipated partial victory for Ripple Labs and XRP investors, the fifth-largest cryptocurrency has succumbed to the overall market downward trend, dampening the excitement following its July 13 triumph against the US Securities and Exchange Commission. Over the past 30 days, XRP has retraced by more than 26%. Despite experiencing significant price fluctuations since its 16% drop on August 16, the token has recovered 4% of those losses within the past seven days. As the market approaches the monthly close and witnesses liquidity re-entering, there is a growing possibility....
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 […]