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Polkadot (DOT) has emerged from a prolonged downtrend, showing signs of a potential bullish recovery. The recent breakout from a descending wedge on the 4-hour chart suggests a possible trend reversal, with Fibonacci levels and Elliott Wave analysis providing insight into the next price movements. DOT Price Analysis: A Key Breakout DOT has been in…
After dipping below $6 last Monday, MANTRA (OM) has staged a recovery, reaching $6.84 and edging closer to the $7 mark. However, the bullish momentum appears to be weakening, raising concerns about a potential price pullback. OM’s Bullish Setup Faces Resistance OM’s price decline from its February 23 high of $8.99 formed a falling wedge…
Pi Network’s price has taken a sharp hit, dropping nearly 7% to around $1.35 as a broader crypto market selloff unfolds. The decline comes at a critical moment, with a massive token unlock set for March, sparking concerns over further losses. Investors are also on edge as Binance remains silent on a potential Pi Coin…
Solana, the high-performance layer-one blockchain, has officially marked five years since its mainnet launch on March 16, 2020. The network has rapidly evolved into a major player in the blockchain space, boasting over 1,300 validators, nearly $1 trillion in trading volume, and more than 408 billion total transactions. Happy 5th birthday Solana fam! 🥳 408+…
Shiba Inu (SHIB), one of the most well-known meme coins, has witnessed an astronomical increase in its burn rate, surging by nearly 50,000% in just one day. Simultaneously, its derivatives trading volume has skyrocketed, raising speculation on whether SHIB can reclaim its all-time high of $0.00008845. SHIB Burn Rate Explodes The Shiba Inu burn rate…
As the altcoin market braces for a potential parabolic rally, Chainlink (LINK) is showing signs of a possible price reversal. The large-cap altcoin, boasting a fully diluted valuation of approximately $13.8 billion and a daily trading volume of around $373 million, ended last week with a hammer candlestick pattern—often an indicator of a trend reversal….
Cardano (ADA) has experienced a significant shift in market dynamics over the past week, as large investors, or “whales,” offloaded over 100 million ADA. This massive sell-off has sparked concerns among traders, especially given ADA’s sluggish price response despite increased retail participation. Whale Activity and Market Impact On-chain data indicates that addresses holding between 1…
Dogecoin’s price has seen a significant decline from $0.431 to $0.171, yet network activity tells a different story. Between late February and early March, the number of active addresses surged to 395K, up from just 97K, signaling a peculiar market trend. Rising Address Activity Amid Falling Prices The sharp increase in active addresses suggests that…
Ethereum (ETH) has demonstrated remarkable resilience despite a nearly 30% price decline, with the total staked ETH reaching an all-time high of 33.98 million. This surge in staking suggests that long-term investors remain confident in Ethereum’s future, even as short-term market sentiment weakens. Staking Growth Defies Price Weakness Recent data reveals a significant divergence between…
VeChain (VET) is forging ahead with its Renaissance upgrade, introducing Galactica—a crucial phase aimed at transforming the blockchain’s technical and economic foundations. This initiative sets the stage for a more efficient and developer-friendly ecosystem, enhancing VeChainThor’s overall functionality. Galactica VIPs: Key Innovations The Galactica phase introduces four critical VeChain Improvement Proposals (VIPs) designed to optimize…