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13 04, 2024

Binance Coin (BNB) Price Prediction for March 29 — TradingView News

By |2024-04-13T10:56:55+02:00April 13, 2024|Crypto News, News|0 Comments

Most coins keep rising, however, there are some exceptions, according to CoinMarketCap.Top coins by CoinMarketCap


Binance Coin BNB has gained a lot of value today, rising by 5.55%.Image by TradingView

Despite today’s rise, the price of BNB is looking bullish on the hourly chart. Traders should pay attention to the local level of $613.5.

If the daily bar closes above it, the growth is likely to continue to $625 tomorrow.Image by TradingView

Bulls are also powerful on the bigger time frame. The rate is again above the vital zone of $600. If the candle closes around the current prices, there is a high chance of a test of the resistance of $635 by the end of the week.Image by TradingView

On the weekly chart, Binance Coin BNB is approaching the recently formed level of $645.2. If buyers can hold the initiative and the bar closes with no long wicks, the upward move may lead to a test of the $700 area next month.

BNB is trading at $618.5 at press time.

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13 04, 2024

XRP Price Prediction Amid 11% Dump to $0.54

By |2024-04-13T06:52:13+02:00April 13, 2024|Crypto News, News|0 Comments

Last updated:

| 2 min read

XRP Price Prediction Amid 11% Dump to alt=

XRP Price Prediction Amid 11% Dump to $0.54 – Recovery to $1 Incoming? / Source: Adobe
The XRP (XRP) price came under heavy selling pressure on Friday, dumping 11% to $0.54 amid a crash in altcoin markets due to rising concerns about a potential US/Israel versus Iran war.

Israel is braced from a counterattack from Iran after they recently took out IRGC military leaders in Syria. Reports emerged on Friday that the US is moving warships to ready itself to defend Israel.

Tensions have been high in the Middle East since the October 7th Hamas attack against Israel, and Israel’s devastating counterattack into Gaza.

XRP fell as much as 16% at its lows to around $0.51, which marked new two-month lows.

The latest XRP price collapse means it has now reversed 27% lower versus its 2024 highs.

The XRP price has dropped back over 25% from its recent highs.
The XRP price has dropped back over 25% from its recent highs / Source: TradingView

And XRP price predictions could be about to get a lot more bearish.

XRP Price Prediction – Recovery to $1 Incoming?

With XRP now sharply below its major moving averages, focus is turning to a test of a long-term uptrend.

Indeed, the XRP price has followed an uptrend going all the way back to its early 2023 lows.

Should this uptrend break, a short-term retest of support in the $0.43-46 area. Even a break under $0.40 could be on the cards.

XRP price predictions would get very bearish if it broke below this long-term uptrend / Source: TradingView
XRP price predictions would get very bearish if it broke below this long-term uptrend / Source: TradingView

Of course, assuming the broader market is in a bullish phase, such a dip would probably be bought into.

But whether a recovery to $1 is incoming remains difficult to predict.

Ripple Labs maintains winning momentum in its lawsuit versus the SEC. A judge ruled last year that Ripple Labs’ sales of XRP didn’t necessarily constitute a security transaction.

And Ripple Labs predicts that its winning momentum will encourage banks to begin using its XRP-powered global payments solution.

That could substantially boost XRP’s adoption. That being said, concerns remain about XRP’s lack of decentralization.

Moreover, many are concerned that XRP lacks a major use case, when compared to other major cryptocurrencies, like Bitcoin, Ethereum and Solana.

The former is increasingly viewed as digital gold, while the latter two are fast-growing smart-contract blockchains and the homes of fast-growing decentralized finance and application ecosystems.

Crypto Alternatives to Consider

XRP investors would be right to be concerned about the cryptocurrency’s near-term price risks.

Sometimes traders hunting quick gains often turn to the shitcoin markets, looking for a quick 10x. But these markets are full of scams and pump-and-dump schemes.

A potentially much better way to make quick exponential gains in crypto is to invest in crypto presales.

Up-and-coming web3 projects often sell their native token at a big discount to early investors to fund development.

If crypto investors can identify project’s with a great use-case, vision and competent team, they may be able to flip their presale tokens for a big premium at a later date, assuming the project gains traction.

But with so many presales vying for investor funds, it can be difficult to know where to look first.

Luckily, analysts at Cryptonews spend a lot of time combing the presale market for promising projects.

Here are their 18 favorite presales right now.

See the 18 Crypto Presales

Alternatively, check out this video from Cryptonews’ Crypto Arjay who discusses some of the best presales right now.

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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13 04, 2024

Cardano ADA’s Bull Run Is Undeniable, Predicts Analyst

By |2024-04-13T04:51:30+02:00April 13, 2024|Crypto News, News|0 Comments

Cardano ADA holders are in for a treat this bull season as new positive ADA predictions continue to pour in. 

The token has adopted a gradual crypto stance this season, moving slowly and steadily. Per CoinMarketcap, ADA is down 1.6% and trading at $0.58. The token has yet to encounter bullish price action, leaving its holders to anticipate wild price theories to satiate their minds. 

Amidst such high scrutiny, a notable crypto analytics channel on X, Trend Riders, has come up with a positive prediction for ADA, instilling hopes in the hearts of Cardano holders. 

Also Read: Cardano: ADA Price Prediction Post-Bitcoin Halving

ADA Will Go Parabolic Soon, Analyst Says

Cardano ADA’s Bull Run Is Undeniable, Predicts Analyst

Trend Riders, dubbed notable crypto analysts on X, shared a new ADA price prediction update. Cardano is poised to go parabolic per their analysis, as the analyst emphasized the ADA’s current price momentum. 

In a detailed thread uploaded on X, the analysts corroborated and compared the historical data of ADA to draw positive price parallels. 

“With its second RSI crossover in history, it’s reminiscent of when prices soared from $0.05 to $3. This rare event, marking a potential trend shift as the RSI crosses its SMA, has flawlessly predicted past cycle shifts at its early stages.” 

The analysts shared that Cardano’s RSI and SMA crossover are indicative of ADA’s price streak soon. The crossover is suggestive that ADA may soon enter a parabolic zone, projecting a stunning price peak very soon. 

Trend Riders further reiterated how ADA is moving at an expected rate and is currently undergoing a gradual bull phase. 

RSI and SMA indicators are oscillators that measure the moment of price movements and sways. Speaking about it in detail, the analyst shared a reference to elaborate on his theory. Trend Riders shared how the first crossover happened when ADA was at level C19, and soon after the crossover, Cardano experienced exponential growth in its price. 

The channel later shared how the same crossover is now being repeated, indicative of its price entering a bullish phase soon. The analysts also shared how the timing is perfect for traders to explore ADA for the long haul. 

The Token’s Price Prospects For April-May

With positive predictions pouring in from all sides, Cardano is holding its ground steady while encountering moderate price fluctuations. The token has recently slipped from the top ten cryptocurrency market cap list, which has been adding more fuel to the growing fire.

Also Read: Cryptocurrency: Top 3 Crypto Coins Slated To Deliver Top Returns Post Bitcoin Halving

Per Coincodex, Cardano is expected to encounter a few price upheavals shortly. However, the crypto will eventually pick up pace post-April, up 4% and trading at $0.61. 

“According to our current Cardano price prediction, the price of Cardano is predicted to rise by 4.45% and reach $0.612083 by May 11, 2024. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 76 (extreme greed). Cardano recorded 14/30 (47%) green days with 8.08% price volatility over the last 30 days.”

Another crypto analytics platform, Changelly, predicts ADA to secure 8% gains by the end of April 2024. 

“Crypto experts expect an average ADA rate of $0.582 in April 2024. Its minimum and maximum prices can be expected at $0.535 and $0.630, respectively.”

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