Altcoin News by Thebittimes.Com

Bitcoin (BTC) remains under pressure as the maiden cryptocurrency seeks to establish a sustained price movement above the $60,000 support level. Amidst these circumstances, technical indicators suggest that Bitcoin might be on the verge of a price breakout. Particularly, in a TradingView post on May 8, crypto trading expert TradingShot drew attention to a potentially significant buy signal for Bitcoin that has largely gone unnoticed among investors. The Analysis highlighted the intersection of Bitcoin’s dominant circulating liquidity with high-yield corporate bonds. According to TradingShot , this metric has recently hit bottom and shows signs of rebounding, coinciding with consolidation or minor pullback in BTC’s price. Picks for you Donald Trump says he’s ‘fine with crypto,’ slams Biden not understanding it 1 hour ago R. Kiyosaki warns the dollar ‘is screwed up’ and ‘it’s going to get worse' 2 hours ago LTC demand surges as users pay 2x m...

Nervos Network (CKB) is the only crypto currency with an overbought daily Relative Strength Index (RSI) in the market. Investors wonder if this is a sell signal or significant evidence of strength for CKB, considering overall conditions. Notably, Nervos Network’s native token is overbought in CoinGlass ‘s three higher time frames, according to data retrieved on April 10. CKB has a 74.98 4-hour RSI, 78.5 on the daily, and 78.8 for the weekly chart.  Interestingly, it is the only cryptocurrency with an overbought Relative Strength Indicator in the 24-hour heatmap. Meanwhile, other cryptocurrencies display a neutral average of 46.82 index points. Picks for you Here's how to turn $1k to $1 million during this crypto cycle 2 hours ago This Solana trader made from $530k to $6 million amid uncertainties 2 hours ago US recession is 'delayed but still coming' warns Chief Strategist 2 hours ago What’s happening with Brazilian Real v...

The overall mid-term sentiment remains bullish for the cryptocurrency market, despite the short-term bearish pivot, following a market retracement. In this context, a buy signal might surge for cryptocurrencies with strong fundamentals and technical indicators. A massive liquidation event wiped over $230 million of crypto’s total market cap in one day this week. Thus, short-term cryptocurrency trading suddenly saw a dominating fear taking over while cryptocurrencies tested support levels. In the meantime, some projects accumulated smaller losses than others, maintaining a strong position and holding their previous gains. Picks for you Sell-off alert: Bitcoin bearish bias remains strong 45 mins ago What’s going on with the Indian Rupee vs. Dollar (USD/INR)? 4 hours ago 2 cryptocurrencies to avoid trading next week 20 hours ago Anglo-Italian company claims major breakthrough in Bitcoin mining 22 hours ago Particularly, Finbold recurred to CoinGl...

The crypto currency market has started moving again after a low-volume week, with most digital assets trading in a consolidation range. In this context, Finbold looked for sell signal s in overbought crypto currencies.  Despite the overall consolidation, some projects have maintained a strong momentum, leading to an overbought status. If these projects face challenges or a trend shift, this could create a selling opportunity for the next few days. Notably, the total crypto market cap evidences the recent surge, adding nearly $160 billion in value since January 23. It marks a 10.53% increase in crypto currency until February 8, by press time. Crypto total market cap daily chart. Source: TradingView Sui Network (SUI) is overbought In particular, Finbold spotted an overbought Sui Network (SUI) at CoinGlass ’s weekly Relative Strength Index (RSI) heatmap on February 8. Cryptocurrency Buy signal for 2 oversold cryptocurrencies this week Cryptocurrency...

Cardano (ADA) price is near $0.37, a key support area for the coin as altcoins decline.  An analyst says the 4-hour chart shows a potential buy signal for ADA. A rebound for Cardano could also be helped by a flip in on-chain metrics. As cryptocurrencies pulled back on Monday, Cardano ( ADA ) saw its price drop below $0.38 again, pushing the altcoin to a support level seen as price s rose last week. But is ADA poised for a rebound? A crypto analyst shared the forecast below on X. Analyst points to ADA buy signal While the overall declines across the market might see sellers attempt at extending their grip, a crypto analyst says a potential buy signal for ADA is formed on the 4-hour chart. What technical indicators support the analyst’s take? Here’s the prediction. “ Look how the 100-EMA on the 4-hour chart has acted as a rebound zone for $ ADA while the $0.396 level acts as a stiff resistance ,” Ali noted in a post on X. ...