Ethereum Flashes Rare Oversold Signal As Price Hits Demand Zone — Major Rebou...
Ethereum (ETH) is flashing a rare technical warning sign for bears. According to the analysis, the daily chart has hit a historically oversold MACD reading not seen in years, aligning with a deeply oversold RSI. This confluence of extreme momentum signals suggests that the price has entered a major demand zone, dramatically increasing the likelihood of a powerful relief rally and setting the stage for a significant short-term rebound. MACD Hits Rare Historical Lows — A Zone Linked To Major ETH Bottoms According to a recent post from More Crypto Online, Ethereum is currently flashing one of....
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Last week, Ethereum (ETH) prices fell below $4,000 amidst a general crypto market onslaught marked by heavy liquidations. However, the prominent altcoin soon made a quick bounce off the $3,800 price region and has since slipped into consolidation. Notably, popular crypto analyst Lark Davis is tipping Ethereum to make a euphoric market rebound with a potential all-time high on the cards. Related Reading: Ethereum Supply On Exchanges Shrinks: Multi-Year Lows Signal Bullish Setup Ethereum RSI Flashes Bullish Signal After Fall Into Deep Oversold Zone The Relative Strength Index (RSI) is a....
Advanced NVT was already hinting that Bitcoin was "seriously cheap," but has now printed a rare buy flag. A Bitcoin (BTC) price metric which made BTC “look seriously cheap” at $56,000 is now in rare oversold territory.In a tweet on Dec. 6, Philip Swift, Philip Swift, creator of analytics platform LookIntoBitcoin, returned to potentially bullish signals coming from Bitcoin’s Advanced NVT Signal.Advanced NVT deflates in Bitcoin price routAdvanced NVT calculates whether Bitcoin is overbought or oversold at a certain price point using market capitalization and network volume.In late November,....
Among the top performers from the past cycle, Shiba Inu has struggled to hold its own as its price has tumbled by more than 85%. As a result, the meme coin has been pushed out of the top 20 cryptocurrencies by market cap as the price continues to struggle. However, there could be a turn in the tide for the Shiba Inu price after a major price formation at a demand level. This historically bullish move could spell the start of another major rally for the meme coin. Shiba Inu Price Shows Bottom Signal After tumbling below $0.000013, the Shiba Inu price has now reached a critical level that....
Ether's price rebounded by nearly 400% after its RSI turned oversold the last time. Will this time be different? Ethereum's native token Ether (ETH) entered its "oversold" territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).This is the last time $ETH went oversold on the weekly (hasn’t confirmed here yet). I had no followers, but macro bottom ticked it. Note, you can push way lower on weekly rsi, not trying to catch a bottom. https://t.co/kLCynTKTcS— The Wolf Of All Streets (@scottmelker) June 12, 2022 ETH eyes oversold....
Shiba Inu (SHIB) is showing signs of a powerful comeback as fresh bullish signals emerge on the charts. A rare divergence pattern is fueling speculation of a massive reversal, with analysts eyeing a potential rally that could stretch as high as $0.000081. But can SHIB really sustain the momentum for such an explosive rally? Bullish Divergence Sparks Hopes Of A Reversal In a recent update shared on X, Javon Marks revealed that Shiba Inu has confirmed a bullish pattern through a regular bullish divergence on the MACD histogram. This technical development signals a notable shift in momentum....