Connect with us

Altcoin

Dogecoin Sees Bullish Crossover in Key Metric Hinting at 180% Run as RCO Finance Prepares for 1,600% Rally in Q4 2024

Published

on


Dogecoin (DOGE) has recently seen a bullish crossover on the Moving Average Convergence Divergence indicator, meaning the token could gain as high as 180% over the next few months. Meanwhile, RCO Finance (RCOF) is set to gain a massive 1,600% before 2024 ends.

How can crypto enthusiasts benefit from this epic surge? Let’s find out.

Top Analyst Predicts Dogecoin Pump After Bullish Crossover

Dogecoin has seen a bullish cross between the MACD and signal lines on the weekly chart. Based on the reading of the MACD indicator, DOGE could be in for a significant rise.

According to renowned analyst Ali Martinez on X, the previous two times Dogecoin had a MACD bullish crossover on the weekly chart, it rallied 90% and 180%, respectively. One instance was in February 2024, when Dogecoin gained 178% in six weeks, rising to $0.228 after a bullish MACD crossover.

Another bullish metric is Dogecoin reaching 84,306 active addresses, the highest in six months. A positive growth in network activity usually precedes a price increase.

However, Dogecoin has been affected by the ongoing market pullback, losing 12% in the past seven days.

How RCO Finance Will Rally By 1,600%

RCO Finance is a revolutionary financial platform that aims to extend anyone access to the best investment strategies. The protocol relies on artificial intelligence and machine learning to achieve this important goal.

This AI/ML technology is channeled through its AI Robo Advisor, which uses mathematical models to analyze markets and provide fully customized investment strategies tailored to each user’s financial goals, risk tolerance, and market preferences.

Machine learning models digest real-time financial data and generate market forecasts instantly, helping traders anticipate market movements with precision.

Traders are always prepared to capitalize on emerging trends without manually monitoring market activity. It is particularly useful during volatile market conditions, where quick, data-backed decisions can make all the difference.

All these are integrated into the decentralized multi-asset trading platform, which offers over 120,000 assets in 12,500 asset classes. Assets include traditional assets like ETFs, stocks, and bonds, others like cryptocurrencies, and tokenized real-world assets like commodities and real estate.

These options ensure users build diversified portfolios that balance risk and return across multiple asset categories.

Furthermore, RCO Finance offers up to 1000x leverage across multiple asset classes, allowing users to amplify their investments in both traditional and decentralized financial markets. It also offers a competitive advantage to investors seeking to maximize their returns with minimal capital.

RCO Finance’s presale is ongoing, and the RCOF token is sold for $0.0343. By the end of the presale, the token will rise by 1,649%, helping early investors gain significantly. This rise makes RCOF one of the more lucrative presale tokens around.

Importantly, users can trust RCO Finance’s smart contracts because they have been audited by SolidProof, a reputable European audit firm.

Purchase RCOF And Enjoy Huge Profits And Other Perks

RCOF is RCO Finance’s native token, with a total supply of 800 million. The token is sold for $0.0343 in Stage 2 of the ongoing presale. Investors who buy RCOF now will enjoy a 62.7% profit in Stage 3, and a 1,649% profit when it launches at $0.60.

In addition to the upcoming gains, token holders will enjoy significant discounts on trading fees. The more tokens a user holds, the larger the discount they receive on trades, making it financially advantageous to maintain a balance of RCOF tokens.

RCOF holders will also be involved in RCO Finance’s governance structure. They can propose and vote on crucial decisions like platform upgrades, changes to fee structures, and new features.

These attractive presale profits and other exciting perks make RCO Finance an attractive prospect for crypto investors seeking to grow their portfolios in Q4 2024.

For more information about the RCO Finance Presale:

Visit RCO Finance Presale

Join The RCO Finance Community

 

 



Source link

Altcoin

Is Solana Forming a Death Cross Against Bitcoin?

Published

on


Solana (SOL) price has been under pressure recently, leading to concerns about a potential downtrend against Bitcoin (BTC). On the SOL/BTC price chart are signs that the cryptocurrency could be forming a “death cross,” a pattern that suggests a further decline in price.

This follows a period of weak performance for Solana relative to Bitcoin, sparking discussions on whether the altcoin can recover or continue to underperform.

Will Solana Form a Death Cross Against Bitcoin?

Over the past few months, Solana price has experienced a sharp decline when compared to Bitcoin. As of mid-April 2025, Solana is priced at 0.00158 BTC, down by 23% from earlier in the month. This comes after a significant 54% drop since January, showing a steady loss in value relative to Bitcoin.

The recent drop in Solana’s price has raised concerns among traders and analysts. Moving averages, which track price trends over time, have been narrowing, which is often a precursor to a potential death cross formation.

SOL/USD 7-day chart (source: TradingView)SOL/USD 7-day chart (source: TradingView)
SOL/USD 7-day chart (source: TradingView)

Specifically, the 23-day moving average is approaching the 200-day moving average in the weekly chart, a key level for technical analysts. If it crosses below the 200-day average, it would officially signal a death cross. This could indicate a further decline in Solana’s price against Bitcoin.

Solana’s Recent Performance and Market Trend

Nonetheless, Solana has had some strength, which can be attributed to the recent launch of Solana ETFs in Canada.

At the same time, institutional investors’ attention contributed to the altcoin’s success in surpassing the performance of numerous other cryptocurrencies, including Bitcoin. Solana delivered a 10.5% return within a week, while Bitcoin delivered a 1.8% return in the same time frame.

Nonetheless, the recent excitement about Solana appears to have subsided with the lessened market movements. Analysts like Ali Charts are now analysing whether the recent strength was just a blip in the charts or the first sign of an actual trend reversal to $65.

SOL/BTC Technical Patterns and Support Levels

Based on the current technical perspective, Solana’s price trend against Bitcoin has established the “Falling wedge” chart. This pattern is normally noticed during the consolidation phase, and the break above the upper trend line is usually interpreted as a signal for a bullish move.

The declining moving averages indicate that Solana may continue to decline against Bitcoin and possibly test lower supports despite the SOL/ETH ratio recording its highest weekly close

At present, the price is almost at the apex of the wedge pattern, meaning that it can break soon. If the price surmounts the resistance level at around 0.0018BTC, it will possibly lead to a bullish run and might even regain the value of 0.001895BTC for Sol. However, if the price cannot hold its support at 0.0014 BTC, then it may decrease even lower.

SOL/USD 1-day price chart (Source: TradingView)SOL/USD 1-day price chart (Source: TradingView)
SOL/USD 1-day price chart (Source: TradingView)

Solana’s performance against Bitcoin will be very significant over the next few weeks. The potential death cross and the support and resistance levels on the chart pinpoint that Solana might experience a difficult time moving forward. If the trend persists, the altcoin could potentially drop as low as 0.001 BTC—a price point that, when measured in dollar terms, is below $100.

✓ Share:

Kelvin Munene Murithi

Kelvin is a distinguished writer with expertise in crypto and finance, holding a Bachelor’s degree in Actuarial Science. Known for his incisive analysis and insightful content, he possesses a strong command of English and excels in conducting thorough research and delivering timely cryptocurrency market updates.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

Canary Capital Files For Staked Tron ETF

Published

on


American asset management company Canary Capital has taken a new leap with a new filing for a staked Tron ETF product. Known as the pioneer of some of the most renowned altcoin ETF products, this new Tron ETF has further placed the firm at the forefront of the exchange-traded fund drive.

The Canary Capital Staked Tron ETF

According to the prospectus released by the firm, the new product is dubbed the Canary Staked TRX ETF. The firm is yet to reveal the trading platform the product will trade on, however, it confirms it will provide exposure to the price of Tron.

Based on the pricing data offered by Coindesk Indices, Canary Capital said it will rely on this to establish the Net Asset Value (NAV) for the product. This latest filing comes barely a month after the asset manager filed for Pengu ETF with the US Securities and Exchange Commission (SEC).

This is a breaking news, please check back for updates!!!

✓ Share:

Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

Follow him on X, Linkedin

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Altcoin

XRP Price History Signals July As The Next Bullish Month

Published

on


Based on historical data, July could be the next bullish month for the XRP price, which continues to consolidate amid this crypto market downtrend. Despite the market downturn, crypto analysts like CasiTrades are confident that the altcoin could still reach a new all-time high (ATH) in this market cycle.

Historical Data Points To July Being The Next Bullish Month For The XRP Price

Cryptorank data shows that July could be the next bullish month for the XRP price. This is based on the fact that the altcoin has recorded significant gains in each of the last five Julys.

ImageImage

Unlike July, April to June have been mixed for XRP over the last five years. For April, the last three out of five months have been bearish for the altcoin, although it recorded a 174% gain in April 2021.

For May, three out of the last five months have been bearish for the XRP price, although it recorded meagre gains in May 2023 and 2024. Meanwhile, June has been completely bearish for the altcoin, as it recorded monthly losses in the last five months.

It is worth mentioning that four out of the five monthly gains for XRP in July have been double-digit gains. As such, Ripple’s native crypto could again record double-digit gains this coming July.

Interestingly, crypto analyst Egrag Crypto predicted that XRP could reach double digits by its July 21 cycle peak. He alluded to the altcoin’s previous bull runs as to why July could mark this cycle’s peak. The analyst believes the Ripple price could reach $27 by then.

Analysts Argue XRP’s Consolidation Could End Soon

Amid this historical data, crypto analysts Dark Defender and CasiTrades have suggested that the XRP price consolidation could end soon. In an X post, Dark Defender stated that the altcoin’s consolidation is nearing an end and that he believes this is the final consolidation of the monthly structure.

ImageImage

Once this consolidation is done, the crypto analyst remarked that market participants can expect the Wave 5, which will send Ripple’s native crypto to new highs. He highlighted $2.22 and $2.30 as the major resistances to watch out for, while $1.88 and $1.63 are the major support levels. Meanwhile, the targets on this Wave 5 up are $3.75 and $5.85, which will mark a new ATH for the altcoin.

As CoinGape reported, crypto analyst CasiTrades also predicted that the XRP price could soon reach $6 as Wave 2 correction nears its end. The analyst also raised the possibility of the altcoin rallying to as high as $9.50 and $12 if it reaches the 2.618 and 3.618 Fibonacci extension levels, respectively.

However, there is still the possibility of the XRP price dropping below the $2 level before it rallies to new highs. Egrag Crypto warned that Ripple’s native crypto could still drop to as low as $1.4 in the event of a major liquidation.

✓ Share:

Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





Source link

Continue Reading

Trending

Copyright © 2024 coin2049.io