Polygon Targets Boosted Network Performance And Matic Price In 2023, Shib Holders Still In Losses, Snowfall Protocol Releases Much-anticipated Dex Feature
Bear markets are excellent for ecosystem development, as Snowfall Protocol (SNW), Polygon (MATIC), and Shiba Inu (SHIB) have demonstrated. Snowfall Protocol (SNW) has recently launched its highly anticipated DEX, Polygon has undergone a hard fork, and Shiba Inu’s Shibarium layer-2 network is coming soon. In this article, we’ll explore what these developments mean for their respective ecosystems.
Polygon Hard Fork Will Enhance Network Performance and Boost MATIC Price
Ethereum scaling protocol Polygon recently completed a hard fork to reduce gas spikes and address chain reorganization in the network. The January 17 upgrade was a significant milestone in the Polygon network and for MATIC as it promises to significantly improve Polygon’s network performance and thus attract more users and developers. As a result, the value of MATIC may rise as demand for the token increases.
However, a week later, this hasn’t yet happened. This could be due to the crypto market rally finally cooling down and the possibility that Polygon investors had already priced in this news. Nonetheless, from a long-term fundamentals standpoint, the hard fork will add value to MATIC and the Polygon network, paving the way for future developments.
Most Shiba Inu Holders Are Still in The Red Despite Shibarium-Induced Rally
Shiba Inu has been on a price rally for the majority of January since the ecosystem’s developers announced the upcoming launch of Shibarium, an Ethereum layer-2 scaling network. However, despite inducing a price increase from $0.000008 on January 1 to $0.000012 today, most Shiba Inu investors remain in the red.
According to data from blockchain analytics firm IntoTheBlock, only 35% of Shiba Inu holders are profiting, while 55% sit in losses at the current price. Moreover, 63% of these Shiba Inu holders invested in Shiba Inu more than a year ago, while only 34% invested in the last year. Only 3% purchased Shiba Inu in the last month.
However, Shiba Inu’s prospects still look promising thanks to Shibarium’s promises of scalability, quicker transaction times, lower fees, and an expanded development framework.
Investors Are Apeing Following Release of Long-Awaited Snowfall DEX
The Snowfall Protocol (SNW) much-anticipated DEX is now live, and investor interest has never been higher!
Snowfall DEX facilitates a secure and transparent transfer of assets across the most widely used Ethereum Virtual Machine (EVM) and non-EVM compatible chains. Users can easily use any token address to swap with another token.
The release of Snowfall’s dApp has increased interest in Snowfall Protocol and its native token, (SNW). Investors are pouring into the protocol to get a piece of the less than 15% remaining presale tokens before they are all gone.
Snowfall Protocol (SNW) is your one-stop shop for interoperability and cross-chain communication. It is the first cross-chain bridge for crypto assets and NFTs. Users can exchange stablecoins, bridge assets, stake assets, wrap NFTs for cross-chain swaps, and transfer their assets to any cryptocurrency all in one place.
Snowfall’s unique use case has been a key price driver during the protocol’s presale campaign and is expected to continue pushing it even higher after launch. Snowfall Protocol (SNW) goes live on February 3 with the first listing on PancakeSwap. According to post-launch technical analysis, Snowfall Protocol will easily return 1000% to 5000% returns in 2023. In January alone, Snowfall Protocol (SNW) is up 500% and currently going for $0.191. The launch price will be $0.22 so the current price is a bargain. Take advantage of the discounted price and invest in the next big thing today
For more information on Snowfall Protocol, visit:
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Top Analyst Updates Targets For XRP, Bitcoin And Another Altcoin
After registering a bullish momentum for nearly a month, the crypto market is now dwindling between bears and bulls. The first born cryptocurrency Bitcoin which had regained its long lost $23K level, has now been pulled back towards the $22K area. The similar pattern is followed by Ethereum, BNB, XRP, Cardano, Solana and other large cap altcoins.
At the time of publication, Bitcoin is valued at $22,669 with a plunge of 1.30% over the last 24hrs.
XRP To Spike In The Coming Days
While major cryptocurrencies face the heat of negative pull back, a popular crypto analyst and trader is forecasting a bullish target for Bitcoin, XRP and SYN. The analyst who is anonymously known as Cantering Clark informs his 159,200 Twitter followers that Ripple’s XRP is all set to see a massive upward movement.
As per the above chart, the analyst is trying to convey that XRP has surpassed its high volume node range along with maintaining its trade above $0.422. However, at present the altcoin has lost its $0.42 level.
Currently, XRP is changing its hands at $0.407 after a loss of 4% over the last 24hrs.
Bitcoin’s Bull Run To End In FOMO
Next the strategist shifts his focus towards Bitcoin where he claims that the flagship currency is yet to complete its bull run. He then hopes that Bitcoin’s bull run will end with fomo (fear of missing out).
Synapse (SYN) To Surge 115%
Lastly, the analyst concludes his analysis with Synapse (SYN) which is a platform that allows transfer of digital assets between blockchains. According to Clark, Synapse is set to spike nearly 115% once SYN moves beyond $0.70 level.
At the time of writing, Synapse is trading at $0.797 with a pull back of 9.71% in the last 24hrs.
Micheal van de Poppe Maps Bullish Targets for Bitcoin & Litecoin While Ethereum Remains Sceptical!
The crypto markets that have slumped hard appear to be gearing up significantly for the upswing which could be approaching very fast. The global market capitalization which had declined below $800 billion has again reclaimed the position displaying the resurgence of the bullish. However, the star crypto Bitcoin continues to remain consolidated below $17,000, struggling very hard to surpass these levels.
A popular analyst, Micheal van de Poppe, forecasts a tricky week coming up for the BTC price and also cautions his 644K followers to not overleverage on the assets as it is heading towards the first weekend of the year.
As per the analyst, the BTC price may certainly witness a minor pullback but still sustain beyond $16,870 levels. After a brief consolidation, the price is believed to ignite a notable upswing back to levels above $16,990. However, it still remains skeptical whether the price may rise beyond $17,000 or not. However, the analyst believes, that the relief rally is very close and hence this may uplift the BTC price very soon.
“The unemployment showed a positive number today, as it came out lower than expected.
PMI however, went sub-50 for the first time since 2008 & COVID-19 outbreak.
Unemployment will rally in the coming months, Yields will fall of a cliff if CPI is low.
A relief rally is close,”
Moving on to Litecoin, the analyst believes, that, “Probably later today time for longs,”
The analyst believes that the price that is facing a significant bearish action, may drop down the immediate support levels and reach $71. This could be when it may rebound and begin with a notable upswing soon.
Conversely, the analyst is pretty bearish on Ethereum, as he set up the lower target around the crucial support at $1220. However, the ETH price still continues to remain within the bullish ranges, but a steep rebound may still not be on the cards.
Ripple Price Prediction: These Are the Bi-Yearly Targets for the XRP Price!
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XRP price has been maintaining a stagnant trend for quite a long time and with the fresh price jump, the possibility of a significant rise materialises
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With a bullish close for H1 2023, the XRP price is believed to remain under the bullish influence for the rest of the year, intending to reach $1 by the end
The crypto space after displaying a significant upswing since the beginning of the 2023 trade has been undergoing a minor correction in the past few hours. The asset has been extremely less volatile, and probably could be accumulating gains to propel high very soon. With a larger price action, the XRP price could reach $0.5 initially which may find higher targets in H1 2023.
The formation of the large inverted hammer a couple of days ago indicated that the sellers could imply huge pressure on the price and pressed the price lower. This broke many longs and compelled the price to remain consolidated along the support levels. However, some of the market participants quickly jumped in and accumulated the token at lower prices, enabling a notable upswing later.
The XRP price has been recovering in a parabolic way and hence subjected to reach the neckline with a gigantic rise of 75%.
The XRP price recently rebounded from the lower support zone and displayed its self-assurance in raising beyond the crucial resistance in the next couple of weeks. While the main goal of the price is to surge by more than 80% and close the bi-yearly trade close to or beyond $0.7, the XRP price may achieve it in 3 phases by setting 3 goals.
- Initially, the price may sink slightly to reach $0.30 to $0.31 to attract more players to jump in which may bring about more liquidity required to trigger a notable upswing
- The second goal of the rally could be the distract the competitors who have taken a long position over the past few months. This has been practiced before and may happen again where-in the price may range beyond $0.45 and try to reach $0.5 levels before the end of Q1 2023
- Undoubtedly, the bears could try to slash the price lower towards the descending trend line but eventually, the bulls may make it towards the crucial resistance residing at the ascending trend line, laying down the targets close to $0.7 by the end of Q2 2023.
With this, the Ripple (XRP) price may accomplish the cup & handle pattern to some extent and keep up the bullish trend for the rest of the year 2023.
Solana (SOL) Price May Soon Start With Distribution! These are Potential Targets for 2023
Solana token has been badly impacted by the recent happenings in the crypto space. The token depleted heavily due to the mounted bearish market sentiments but lost a large chunk of market participants as it stood exposed to the FTX collapse.
However, the token managed to regain momentum with the launch of BONK, the Dogecoin of Solana, and the price inflated to some extent. But a steep downfall of SOL price in the long term appears to be imminent.
The SOL price gained more than 30% in the past 48 hours, driven by a 110% jump in the BONK prices as the market participants witnessed a ray of hope during the current market downtown. Along with the rise in price, a notable jump in the active address was witnessed.
Moreover, in the coming days, the bearish action is assumed to be intensified which may drag the token to new lows.
The quick rebound of the SOL price in the past few days has induced significant belief within the market participants who expect future growth. Woefully, the price may certainly not remain inflated for a longer time frame. The Solana project and its price are connected to the FTX which may take months or even years to resolve.
Secondly, the SOL/USDT price is entering the liquidity zone between $13 to $16. Here the possibility of a massive sell-off emerges as the traders who took long positions in November 2022 and experience a 50% drop may exit their position. Additionally, the ones who bought SOL with limit orders at a liquidity level of $8 may close their position with 70% to 100% profit
Therefore in the mid-term, the price has formed an inverted Head & Shoulders pattern where a risky buy zone is around $10. Further, after a brief consolidation, a conservative purchase may drive the price up to $16 with a target could be set at $31 for the pattern.
It is worth understanding that the ongoing FTX proceedings may have a huge impact on the Solana price. One news or an announcement may drive the price extremely down with the lower target below $5 at $3.7 initially and later at $2.25 or even $1.65 too.
Shiba INU May Soon Rise Above $0.00011! Watch Out For These Price Targets
The global cryptocurrency market has been in a state of consolidation for some time, with Bitcoin unable to break above $20,000 for the past month. Many altcoins, including Shiba INU, have held steady above their support levels and are anticipating a potential upturn.
However, the current market conditions for Shiba INU are bearish, with the price experiencing significant declines since the beginning of December.
Despite attempting to recover above $0.00001, the bears have managed to hold the resistance at $0.00000935 and keep the price below. While this bearish trend has persisted for several months, extended periods of price compression can often lead to a significant price jump, which could potentially occur in the first quarter of 2023.
The current price of Shiba INU (SHIB) is trading within a falling wedge, which is generally seen as a bullish indicator. Analysts predict that the price could rebound after reaching the lower support level around the yearly lows of $0.00000750, potentially triggering a significant upturn. If this occurs, the SHIB price may break out of the wedge and reach an initial target of $0.00001028 due to strong bullish momentum.
If the bulls are able to hold the price above this crucial resistance level, it is possible that SHIB could see a bullish close for the year 2022.
How will Bitcoin (BTC) perform in December? Look Out For These Crucial Price Targets
The trading of traditional shares closes later today, but the crypto market will continue trading over the weekend as the first week of December 2022 rolls around.
Notably, the volatility in the crypto market remains significantly higher than in the stock market. Nonetheless, the urgent and persistent question – to both swing traders and HODLers – is how far the Christmas frenzy will push the Bitcoin price and in which direction.
High-impact events, including the United States unemployment rate and the Canadian employment change, have occasioned the week. In addition to this, Wednesday’s speech by United States Federal Reserve chairman, Jerome Powell, revealed that interest rates would hike in December.
As such, market strategists forecast the crypto market will generally be in the green during this festive period, which is also substantiated by historical data from over the year; this leads to the possibility of the year closing around the $25k mark for the lead cryptocurrency.
Even this week, Bitcoin was able to accomplish $17k since hitting lows of about $15,599.
Bitcoin Price Targets for this Christmas
Bitcoin and the entire crypto market significantly felt the impact of FTX and Alameda’s implosion. Although former FTX CEO Sam Bankman-Fried claims the US entity is solvent, about 1 million global crypto customers have learned the hard way – not your keys, not your coins.
The Bitcoin market is on the precipice of welcoming heightened daily volatility this December following the recent breakout on the shorter timeframes. Prior to the FTX fallout, Bitcoin price strongly held the $18k support level. As such, market strategists think Bitcoin price may fall before rebounding in the coming weeks.
Should Bitcoin price capitulate below $10k, analysts suggest it may take longer for the crypto market to recover than prior bear markets. Moreover, according to a famous crypto analyst, Jason Pizzino, it is not prudent to invest in the altcoins market before the Bitcoin market shows strength.
As a result, the cryptocurrency community is closely watching the Bitcoin price action, mainly due to its worldwide recognition and popularity.
According to CryptoQuant’s top analyst, the current crypto bear market can be compared to the ‘dot com bubble’, which saw performing tech companies thrive in the subsequent decade. As such, the analyst says Bitcoin will survive due to its dominance and potential to be adopted by worldwide regulators.
Come the first quarter of 2023, market strategists forecast more crypto volatility as a continuation of the Christmas frenzy based on historical cycles.
Bitcoin(BTC) Price Preparing for a Bullish Close-These are the Targets for December 2022
The bearish markets have appeared to have wanned significantly as the Bitcoin (BTC) price has inflated to some extent. Meanwhile, the price failed to secure the levels beyond the crucial resistance, due to which bearish interference may be expected any time from now. However, the trade set-up appears to be in favour of the bulls who may uplift the price beyond the required resistance very soon.
However, according to some analysis, Bitcoin’s (BTC) price is primed to mark new bottoms before the end of 2022. A popular analytical platform Cryptoquant published an analysis, according to which the BTC price’s MVRV ratio has remained lower for nearly 170 days now and reached its lowest levels.
Previously, the levels had dropped heavily and remained around these levels for nearly 134 days, post to which the price underwent a bullish reversal. Therefore, similar price action is speculated presently and hence elevating the price movements to the highest levels by the end of 2022.
Besides, the bearish signals are also flashing as Bitcoin has a ribbon model that also appears to have failed significantly. According to the given analysis, a dead cross appeared even while the BTC price remains largely stagnant, for the first time since the golden cross of the Hash Ribbon model.
The hash rate of F2Pool, which is one of the largest mining pools in the world, declined gradually due to the recent collapse of the FTX exchanges. This caused a massive drop in the Bitcoin (BTC) price that formed the bottom around $15,500. Moreover, the miners are also having a very tough time over the past week as a massive outflow of 10K BTC was registered in a single day.
Presently, the Bitcoin (BTC) price is hovering above $17,300, with a significant jump over the past weekend. With the support and resistance at $15,800 and $17,200, respectively, the MACD flashes bullish signals as the token is expected to break above the resistance and climb up high. Meanwhile, the BTC’s exchange ratio also declined, which is a positive signal indicating a drop in selling pressure.
Besides, a drop in network activity is the current matter of concern, signalling the exodus of market participants to some extent. Hence, Bitcoin’s (BTC) price prediction for December 2022 could be around $17,900 to $18,200.
Popular Analyst, Micheal van de Poppe Marks the Targets for Bitcoin Relief Rally!
Bitcoin price after being rejected at $17,000 at the beginning of the month has been attempting very hard to reclaim the levels at the earliest. Meanwhile, some analysts believe that, presently, there is no room for BTC to form the bottom. Therefore, the possibility of a rebound may be predetermined as the crypto space appears to have to prepare for a relief rally.
A top analyst, Michael van de Poppe, largely believes in the resurgence of the bullish trend soon. The Bitcoin price, which is settled at the lower support, is believed to rebound nicely and undergo a double rally to reach $50,000 somewhere by mid-2023.
The analyst marks the targets for the relief rally which is expected to begin anytime from now as the BTC price has reached the lowest levels for the first time in the past 2 years. To do so, the BTC price is required to clear the pivot levels around $18,444 initially and after sustaining at these levels, the rally is expected to climb high beyond $25,000 and secure levels close to $30,000.
However, the price has reached the lowest FIB levels and hence is believed to rebound nicely to test the upper levels very soon. Meanwhile, the bears are believed to remain passive and cause minor swings, but the bulls may continue to hold above the pivotal levels.
Therefore, as predicted by the analyst, Michael van de Poppe, Bitcoin’s (BTC) price is expected to soar to as high as $50,000 in 2023.
Top Analyst Streamlines Fresh Targets for Litecoin(LTC), XRP & Ethereum (ETH) Price
The past weekend was pretty bullish for the crypto space as the prices were slightly inflationary.
Moreover, continued consolidation of around $16,500 was believed to offer a bullish push to Bitcoin and the entire market. But with a fresh weekly start, the bears quickly pulled off some profits, adversely impacting the prices to some extent.
A well-known crypto analyst DonALT recently updated his views on the XRP & Litecoin price prediction, meanwhile warning his 444.8K followers about a massive bearish for Ethereum price.
The analyst in his latest video says that the ETH price is trading with a very narrow range between $1,120 and $1,200 which is the last level of support before the token marks new lows.
“You would actually want to see buying step in quite aggressively. I would like to see a V-bottom out of this alone. So far, we haven’t gotten it. That has me a little bit nervous,”…” Right now ETH is on the edge. It’s in between support and resistance…If it starts breaking down, you’re going to see massive losses,”
Further, the analyst believes that the XRP price has the potential to rise high if it manages to test and clear key resistance levels.
“So basically at $0.33 to $0.4, that’s all weekly resistance. If we close above it, that would also be a range breakout, not as a nice one as Litecoin, but the cool thing here is that it has already broken this range once. So if you break it again, especially given the first break was so significant, you’d expect it to just outperform massively,”
Moving on to Litecoin price which is making significant bullish moves in the past 7 days, the analyst believes the asset could maintain the current upswing as it broke above the multi-month range.
“The $80 area is an interesting one. It is resistance. I think it’s basically resistance for the people that think that this is a false breakout. I mean this is a multi-month breakout. It’s a massive range. It’s one of the biggest, cleanest ranges we’ve had in a long time, and we actually just broke it to the upside. You wouldn’t want to necessarily fade this.”
These are the Potential Targets for Bitcoin & Altcoins For November 2022
The crypto market trends have again turned extremely bearish as the Bitcoin price has slipped below the crucial support zone. Meanwhile, the bulls have managed to hold the prices at these levels, but an extreme bearish push may drag the price lower. The other altcoins have also been impacted in a similar way and are experiencing significant upward pressure.
Ethereum’s price is closer to losing $1000, while Cardano’s price may drop below $0.3. Dogecoin is yet again approaching its crucial support zone close to $0.07, and the Polygon price is closer to slicing through the pivotal zone around $0.75. The entire market situation points towards assets heading towards the bottom of the current capitulation phase.
Therefore, a well-known analyst anonymously called il capo of crypto 
il capo of crypto cryptocapo TraderMarket Analyst 
shared the bottom of Bitcoin and other altcoins.
As per the analyst, the BTC price may mark its bottom between $12K to $14K and as per the fresh fallouts, the price flashed significant bearish signals. Meanwhile, ETH, as mentioned, is closer to dropping to a 3-digit figure, and forms new bottoms around $600 to $650. The most interesting forecast is for the FTX (FTT) token which is trading around $1.27 and is speculated to trade at around $0.000001.
Collectively, bearish clouds are expected to prevail for a long as the indicators are extremely negative at the moment. While the bulls always jump in to accumulate at the bottoms, a notable rebound may be expected as the prices reach their respective lows.
Cardano(ADA) Price is Closer to a 40% Mega-Rally! These are the Targets for the Next 48 Hours!
Cardano’s price has been relatively stagnant ever since the asset witnessed a magnificent drop from levels above $0.42. The market crash dragged the token below the crucial levels, which were supposed to be held firmly to mark new lows just above $0.3. Meanwhile, a minor upswing enabled the price to rise above $0.33, where it appeared to be stuck for the past few days.
The price, along with many other altcoins, has been displaying acute weakness as the BTC price remained largely stagnant. Meanwhile, market participants are quite bullish on the ADA price and the entire crypto space, regardless of the current market situation.
The ADA price is trading within a descending pennant since the beginning of the month. Meanwhile, a minor attempt is underway to break above the bearish pattern which may rise the price beyond $0.34, initially. On the other hand, if the bullish attempt ceases, the price may eventually drop back and test the levels close to the support at $0.31 and rebound firmly.
The RSI or the Relative Strength Index is incremental as it is following the lower trend line. Considering the RSI movement, it suggests that a minor pullback is imminent to lay down a significant upswing in the coming days. The MACD is also on the verge of flashing a bullish signal in the long term which may lay down a significant upswing towards $0.4 in the next 7 to 10 days.
Popular Analyst Maps Bearish Targets for Polygon(MATIC), Dogecoin(DOGE) & Cronos(CRO)
The weekend appears to have slaughtered the crypto space, as most of the assets are bleeding heavily. The Bitcoin price made an attempt to reach lower support, while the altcoins appear to be under a substantial bearish influence. Meanwhile, a well-known analyst, il Capo of Crypto, defines new lows for Polygon (MATIC), Dogecoin (DOGE), & Cronos (CRO), and they’re approaching very quickly.
Cronos(CRO)
Cronos’s price has broken down from the lower trend line it maintained ever since the beginning of the 2021 trade. The price slipped down and reached the crucial support levels at around $0.1878. After a brief consolidation, the price drained heavily and may even lose the $0.1 support with the next leg down. Meanwhile, the analyst believes the price now may be attracted towards the next support levels at around $0.0555 to $0.065.
Polygon(MATIC)
The crypto strategist believes, MATIC’s price is also due for a massive pullback that may drag the price lower by more than 65% by the end of 2022. With the next leg down that may happen any time from now, the Polygon price is speculated to drop heavily and hit the lower support levels close to $0.3. However, the analyst doesn’t have a clear view of the following rebound, and hence it may be believed that the price may remain consolidated.
Dogecoin (DOGE)
Capo believes the DOGE price is approaching the final capitulation phase, where a drop of nearly 87% is quite possible. The asset has been maintaining a steep descending trend for more than a year, and hence the downward pressure is expected to intensify very soon. Moreover, with the next bearish action, the Dogecoin price may reach the levels it traded at the beginning of 2018 at around $0.014 to $0.01.
Collectively, Capo believes the crypto space is trading with a huge bearish influence and expects a major drop to appear at the earliest. He rightly predicted the 2022 crash much before, and hence the predictions for the above altcoins may also be held good.
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Altcoin Season By Mid November? Analyst Maps Month End Targets For Top Cryptos
The global crypto market capitalization’s turmoil near the $1 trillion mark has plummeted the crypto portfolios of investors and now continues to pressurize traders amid the crypto winter.
Despite undergoing several jolts, including CPI data and US stock market correlation, the prolonged crypto winter now seems to bring smiles to crypto users as the market is all set to show its wrapped version of a skyrocketing bull run in the upcoming months.
Crypto Prices Are Fuelling For A Bullish Comeback!
Leading cryptocurrencies of the market are gaining pace for a major bullish recovery as users and traders are now shifting their attention from the Fed’s recent interest rate hikes by 75 bps on 2 November.
According to a popular crypto analyst, Michael Van De Poppe, CEO and founder of Eight Global, significant digital assets like Bitcoin and Ethereum may touch immense highs in the next few months.
The analyst predicted the target price of specific cryptocurrencies as the market shows a bullish recovery despite the hawkish tone from the Fed’s decision to control the exponential rise of inflation. Here is what he predicts:
Bitcoin Price Analysis
Michael Van De Poppe is highly bullish on Bitcoin as he believes that Bitcoin may touch $30K soon. Looking at the daily price chart, Bitcoin has recorded a weekly high at $21,480 and is currently hovering around the EMA-100 trend line with a value of $21,237.
A breakout above its Bollinger band’s upper limit at $22.5K may take Bitcoin to its strong resistance level of $25K. The MACD line is also trading in a bullish region, supporting the current price movement.
However, the RSI-14 is trading at 64-level, indicating an overbought region. If Bitcoin makes a pullback from its current price level, it can again plunge below its crucial support level of $20K and head towards the price level of $18K.
Moreover, on-chain analyst firm, CryptoQuant, mentioned that the current Taker Buy Sell Ratio metric has dropped below 1, hinting at short positions formed by market bears. Bitcoin may have a sharp downward correction if this metric continues to decline.
Ethereum Price Analysis
Ethereum has been showing a significant upward bounce back as it made a breakout above its consolidated zone of $1,400. According to Michael, ETH price may spark considerable surges in the price chart and reach $2,500 in a few months.
Ethereum has been continuously building buying pressure in the last few days due to the upcoming ‘Shanghai’ upgrade. Ethereum is currently trading at $1,625 and showing signs of further bullish momentum as the SMA-14 surges to the level of 64.
If Ethereum breaks its EMA-200 line and trades above $1,750, it can soon surpass its previous highs and aim for $2,500.
Conversely, a price drop is expected if ETH falls below its immediate support level of $1,490. In that case, Ethereum may trade below its crucial support level of $1,300 and will take ample time to mark a recovery.
ChainLink Price Analysis
ChainLink is currently enjoying a massive pump in its price chart as it has made over a 35% jump in the last two weeks and is currently trading at $8.6.
Michael Van De Poppe predicted that LINK price might skyrocket by the end of 2022, and it can reach a maximum price level of $15.
The price fluctuations on the chart indicate more surges in LINK’s price. ChainLink has recently failed to break its resistance of EMA-200, trading at $9.05.
However, it is building another attempt to break $9. If the resistance level breaks, ChainLink can move toward its next target price of $12.15.
Conversely, a bearish trend may occur as the RSI-14 trades in an overbought region. A downside breakout at $7.6 may slump LINK hard below $6.58. Our technical analysis reveals a short-term bullish momentum for ChainLink before a downtrend.
BNB Price Analysis
Binance coin has been outperforming in recent trading sessions as it has added over 30% to its value since its upward journey. Michael predicts that Binance coin is going to bring a lucrative return as it may reach the short-term goal of $500.
Binance Coin has been pushed due to the current altcoins season, as multiple altcoins are paving their way to make a bullish recovery. BNB is currently trading at $350 and aiming for a breakout above the price of $402.
If BNB holds its price above $400, it can make an upswing and reach a resistance level of $458. The MACD line is forming an ascending pattern for BNB with the support of SMA-14.
However, the above bearish analysis may get invalidated if BNB makes a pullback and drops below its crucial support level of $314. If BNB’s price trades below $300, it can soon reach the bottom of its previous bearish trend at $260.
Zilliqa And Fantom Price Analysis
The analyst went on further and predicted that Zilliqa might reach a price of $0.1 and Fantom may trade in a maximum price range of $0.75 to $1. However, the target prices for ZIL and Fantom look so far as they show less volatility in the price chart compared to other altcoins.
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Analyst Updates Price Targets For Bitcoin (BTC) & Ethereum (ETH)
A bullish start of the day! It was more than a month that the global crypto market was trading below $1 trillion and a couple of days before the market cap did climb at $1 trillion before dropping. However, today once again the world wide crypto market cap is trading above its crucial mark with a surge of 1.73% over the last 24hrs.
On the other hand Bitcoin has gained 2.16% in the last 24hrs to trade at $20,668 pushing other major cryptocurrencies like Ethereum, XRP, BNB, Cardano and others.
However, one of the most closely followed crypto analysts and traders, Michael van de Poppe is of the opinion that the King currency is still around its resistance even when the currency has surged above $20,500.
Bitcoin (BTC)
The analyst makes an effort to inform his 637,600 Twitter followers that as Bitcoin was earlier rejected at $20,800 the currency is still below its resistance. He also says not to go long for now.
The strategist further claims that if Bitcoin finds its support around $19,600 and $19,900, the currency will favor the traders who are looking for long.
He says that if Bitcoin fails to hold its support around $19,900 then the next support should be at $19,600.
Ethereum (ETH)
Next, Van de Poppe talks about the lead altcoin, Ethereum where he asserts that for ETH the resistance lies around $1,600 and $1,650. He believes that it is necessary to move beyond the mentioned resistance to trade around the next resistance at $1,750.
At the time of reporting, Ethereum is selling at $1,580 after a surge of 4.84 over the last 24hrs.
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These are the Upcoming Targets for Ethereum(ETH) Price For October-November 2022!
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Ethereum price dropped below $1300 again, approaching the pinnacle of a bearish pattern which may drag the price lower
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However, ETH price may eventually rebound and reach the higher targets before the end of October 2022
The previous month had been largely bearish as the prices tanked from $1787 to as low as $1222. Therefore, the price is trading within a highly consolidated range since the beginning of the monthly trade. However, in the short term, the ETH price has been gaining strength back and trading within a bullish pattern.
Presently, the ETH price trades within a triangle pattern where-in it may rise high toward the resistance area. However, the bears could try hard to restrict the price but the bulls presently appear strong enough to test the upper targets, initially at $1325 and later at $1365.
The whales, on the other hand, have maintained a stagnant trend by not accumulating more. In the past couple of months, the percentage of the coins held by them is between 24.5% to 25.12%. Hence, this may be an indication of significant volatility incoming as the activity of retail traders may have a large impact on the rally ahead.
As a result of increased volatility, the ETH price may reclaim levels above $1300 initially and maintain a significant upswing to reach the aforementioned targets. However, the fear of rejection may prevail until the price rises above the critical range of $1372 and reaches $1400.
Analyst Update Price Targets For Bitcoin & A Lesser Known Altcoin
The crypto market appears to be headed for a bearish close this weekend as assets continue to flash mixed signals. The majority of cryptocurrencies are trading in the red, led by Bitcoin which has fallen below $19,200.
The altcoins aren’t doing well either. Ethereum has yet again lost its $1,300 level, subsequently pulling back other altcoins like Solana, Cardano, and XRP, among others.
Amidst the bear movement, a well-known crypto analyst has informed his followers that he plans to accumulate one Solana-based (SOL) altcoin with the hope of earning profit with a massive price surge.
The analyst, anonymously known as Capo, informs his 551,000 followers over Twitter that the overall crypto market will have a clear direction next month after the Federal Reserve will decide upon their next interest rate hike.
Bitcoin (BTC) Price Analysis
The analyst continued by saying that if the Fed decides to increase interest rate by 75 or 100 basis points, the lead cryptocurrency, Bitcoin will drop hard, pulling back other cryptocurrencies as well.
As per Capo, the flagship currency is holding on above $19,000 because the price crunch is more due to the deviation than direct price movement. Hence, he believes the short squeeze phase is still not over and the Bitcoin price may still climb up to $21,000 or more before crashing to $14,000.
However, though the analyst says $21,000 is a resistance zone, he believes that Bitcoin could move towards $21,500 before finding its bottom.
At the time of writing, Bitcoin is selling at $19,153 after a fall of 2.45% over the last 24hrs.
STEPN (GMT) Price Analysis
The strategist goes on to talk about STEPN (GMT), which is known for its move-to-earn project that is built on the Solana blockchain. Capo asserts that GMT is about to experience a massive rally of 42% to reach $0.84 from its current trade of $0.58.
On the flip side, after GMT hits $0.84, the currency will witness bearish movement as he feels the currency will slide 60% dropping at $0.33. On the brighter side, he claims that there will be another price hike of a whooping 248% jump to trade at $1.15.
Currently, STEPN (GMT) is trading at $0.57 with a pull back of 5.23% over the last 24hrs.
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Top Analyst Lays Out Targets For Altcoins Like XRP, LINK and SOL
The crypto market continues to face harsh times. Since May, Bitcoin and altcoins appear to be on a rollercoaster ride, and market participants have experienced no relief from the pressure. However, amidst such volatility, the global crypto market cap is up by 0.64% over the last 24hrs.
XRP has joined the list of the top gainers with a surge of more than 19% in the last seven days. One of the main reasons for such a positive outcome is the favorable result of the Ripple vs SEC case. Recently, the US court rejected SEC’s plea to protect the document related to William Hinman’s speech. Hence, there are speculations that the SEC will opt to settle instead of giving access to the documents.
XRP Price Analysis
Meanwhile, a renowned crypto analyst and trader, anonymously known as Crypto Don, believes that Ripple’s XRP is one of the most capable assets in the crypto space. He claims that if the crypto market undergoes another sell-off, he will use it as a chance to accumulate XRP.
He then says that he is willing to purchase XRP when the currency hits around $0.38 or lower, but he is aware that the asset is unlikely to slide to such low levels.
While the strategist refers to the above chart, he claims that he wishes the candle would rise.
As the analyst talks about the Ripple vs SEC dispute, he asserts that Ripple will win the case; hence, XRP will rise amidst crypto market correction. He also says that the Bitcoin pair (XRP/BTC) is positive and has one of the best-looking charts in the crypto space at present.
Currently, XRP is selling at $0.527, with a surge of 2.57% over the last 24hrs.
Chainlink (LINK) Price
Next, DonAlt discusses Chainlink (LINK), where he quotes that LINK is gaining traction with its ability to surpass crypto markets during bear winter. The analyst sets the target above $8 for LINK and says that though the currency might not perform above this target for now, it will at some point.
The analyst then takes us back to 2018, 2019, and 2020, where LINK had outpaced the overall crypto market. He believes that LINK’s price action has been positive in the last few weeks, and the currency might soon have another bull run.
At the time of writing, Chainlink is trading at $7.59 after an upward movement of 0.90% over the last 24hrs.
Solana (SOL) Price
DonAlt wraps up his analysis with Solana (SOL). He claims that he plans to grab some SOL tokens during the market correction- in fact, this will be his first priority when the market dips.
At the moment, Solana (SOL) is valued at $32.95, with a surge of 0.75% in the last 24hrs.
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XRP Price Targets are now Revamped to $0.6, But Will it Make it in October 2022?
Ripple’s (XRP) price has been preparing for a gigantic move ever since the market collapsed following the Terra crisis. While many other tokens rose to some extent and are presently trapped within a strong consolidation zone, the XRP price has regained the levels it traded just before the market collapsed. While the asset is facing a minor pullback, it displays huge chances of pulling a massive leg up very soon.
XRP’s price remained largely unattended for the past couple of days as it slashed its volatility. However, from the mid of September, the price rose notably to reach levels above $0.5. While the possibility of a massive breakout emerges, the XRP price is expected to remain under the bullish influence for the rest of the month.
As seen in the chart, the XRP price is close to completing the bull flag pattern, which may uplift the price beyond $0.51. Here, the bulls may further uplift the price close to $0.6 as the price could have perfectly executed the cup and handle pattern. Therefore, a notable upswing may be extended in the coming days while the rest of the markets continue to trade within a narrow range.
Presently, the XRP price is trying hard to rebound from $0.45 levels, which may set up an upswing towards $0.6 by the end of the weekly trade. The price has already tested the support and hence appears to be due for a 20% to 30% rally ahead. On the other hand, the rounds of a settlement with the Ripple vs SEC case are circulating within the space.
Hence, a positive move ahead may induce some notable bullish momentum within the XRP price that may rise and reach the required bullish targets soon.
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Ethereum Price May Hit Worst Case in Q4 – Here’s The Potential Targets
Apart from the general market decline, which held ETH at the cycle lows, there were both positive and negative responses to the buildup to The Merge. About 4.19 million ETH worth $5.32 billion had already been sold by holders prior to the event on September 15.
However, investors started purchasing ETH again immediately after The Merge, and within a week, 1.15 million ETH, totaling $1.46 billion, departed the exchanges.
Unfortunately, the price of ETH started to decline instead of rise, and at the time of writing, it was trading below $1,300. A number of long-term investors (LTHs) were also seen shifting their holdings, erasing more than 1.26 billion days in the process. These days are essentially the quantity of ETH that investors own times the number of days since their previous transfer.
The next targets…
For short-term traders who engage in scalping or intraday trading, the first of these is appropriate. Since the level has been tested numerous times since July for higher lows, $1,426 has been identified as the crucial resistance on the 4-hour chart. By doing so, ETH will also be directly above the downtrend wedge, the second significant barrier.
This downtrend, which has been in place since the last all-time high in November 2021, has previously been tested multiple times and, despite being breached, has not yet turned into support. ETH will therefore be on the way to testing the third and most significant resistance – the 23.6% Fibonacci level – if it succeeds in doing so this time.
This Fib retracement of the slide from $3,520 to $996, which coincides at $1,591, is expected to serve as the starting point for a rebound. As long as there are no bearish signals before the start of the new year in 2023, ETH may be on the road to performing better if it recovers during the following seven days.
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Ethereum Price Prediction : Next Significant Targets for ETH Price in the Coming Months
Since the highly anticipated Merge event, Ethereum has performed poorly and was a turning point for the cryptocurrency sector. The Merge happened at the worst conceivable time, despite the expectation that it would increase investor confidence. The Merge occurred at a crucial time in the development of cryptocurrency just two days after the United States CPI data were made available.
In an effort to predict its future behavior, Über Holger’s Ethereum Rainbow price chart on Blockchaincenter displays the previous history of the decentralized finance (DeFi) commodity.
Regarding short-term forecasts, the chart shows that on September 29, 2022, $1,288 will be Ethereum’s bottom (also known as a “Fire Sale,” or selling at steep discounts much below the asset’s market value).
The pink-colored end-of-the-year estimate for Ethereum’s most bullish scenario (the “Maximum Bubble Territory”) predicts that the price might reach $28,527 on January 1, 2023. According to the chart, Ethereum will be worth $2,568 on September 27, 2022, according to the end-of-year ‘Accumulate’ zone, and roughly $3,044 on January 1, 2023.
However, it is important to take these forecasts with a grain of salt. Rainbow Charts “can’t anticipate the price of cryptocurrencies,” said the developer of the graphic.
Data reveals that over the past 12 months, investor interest in offloading Ethereum has increased by 16%, though only slightly. On the other hand, big global bank JPMorgan expressed reservations about the network’s future following the Merge update.
Ethereum price prediction
The price of Ethereum has begun to rise above the $1,280 resistance level. On the hourly chart, ETH is now moving along a bullish trend line with support near $1,300. The price is meeting resistance near the $1,340 mark on the upswing. The $1,355 and $1,360 levels are currently creating the next significant resistance.
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Here Are The Upcoming Price Targets for BTC, ETH, and XRP
The Federal Reserve’s base interest rate is now hanging around 2.5%, but following today’s policy meeting, it is largely anticipated that the US central bank will increase it by 75 basis points to 3.25% in order to combat increasing inflation.
According to popular theory, this may cause short-term liquidity runs on both sides but ultimately start an upswing. Markets may tumble if the Fed decides to raise interest rates by 100 basis points (bps) rather than the anticipated 75, which would raise the base rate to 3.5%.
The price of bitcoin is currently resting below the previous weekly lows at $18,500, indicating that a recovery is imminent. However, as was already indicated, the FOMC meeting might be crucial in determining how the markets develop going forward.
However, a break of this level might trigger a reversal, propelling BTC to the next barrier at $19,539 and $20,737. The optimistic perspective will be invalidated and a drop to $15,550 would result if the Bitcoin price breaches below and then transforms the $18,293 support level into a resistance barrier.
Ethereum (ETH)
After establishing three lower lows and two lower highs since August 4, the price of Ethereum now appears to be circling in a parallel declining pattern. While ETH is presently trading around $1,280, it is possible that it will continue to fall. If the bulls gain control, ETH can pass through the $1,550 immediate resistance level. The optimistic prognosis will be invalidated and Ethereum’s price might fall to $1,080 if the daily candlestick closes below $1,280.
Ripple (XRP)
After a 24% leg-up, the ripple price has finally broken through the $0.381 barrier level. The XRP price appears positive and is anticipated to keep rising to $0.439 in the near future. If this level were to be turned into a support floor, the move might be extended to $0.477.
The bullish thesis will be disproved if the price of XRP falls below the $0.331 support floor and turns it into a resistance level. This development might cause the $0.309 barrier for XRP to reappear.