Kategorie: Crypto News

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Waves (WAVES) hits record high – What do indicators say

Waves (WAVES) has hit record highs in a recent bullish run that appears to be stronger than ever. The coin has smashed past several key indicators and looks like bulls still have a lot of room to run. So, what should you expect next? More on this to follow but first, here are some notable developments:

  • Waves had rallied nearly 50% in 24 hours though it retreated slightly.

  • The 24-hour surge is part of a weekly uptrend that we saw last week.

  • The coin has now smashed past its all-time highs.

Data Source: Tradingview 

Waves (WAVES) – What comes next?

The rally today came on major news from the platform. Waves will now begin operations in the US and is setting aside a lot of money to bring in developers to the ecosystem. But this is not the only thing. Over the last 2 weeks, the coin has been rising and rising. 

It has gone past several resistance zones and unleashed a bullish momentum that has taken it well above its ATH. Although it is likely Waves will pull back, we do not see this happening in the coming days. 

In fact, waves is likely to test $60 in the days ahead before any sell-off even comes into the picture. The coin has for now paired all losses reported this year and is looking forward to Q2 with a vengeance.

Should you buy Waves (WAVES) now?

There is no doubt WAVES is on the run. Every indicator is bullish right now, so it’s the best time to buy for any short-term trader. Q2 also promises to be a very big period for this token. 

$60 is well in sight in the near term and as such, this gives investors a very good opportunity to make decent returns as they take advantage of this bullish sentiment.

The post Waves (WAVES) hits record high – What do indicators say appeared first on Coin Journal.

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Zilliqa (ZIL) could accelerate gains by nearly 100% before any major sell-off

Zilliqa (ZIL) has shot up massively in the last few days. The coin gained nearly 100% in one single day, and while most investors were expecting an immediate pullback, bulls just kept the coin going and going. It seems there are no sellers for ZIL, and it is likely this will remain the case for a while. Here are some pointers:

  • The recent two-week rally by ZIL has been astonishing, to say the least.

  • At one point, the coin was up 225% in just seven days before retreating slightly.

  • We do not see any sell-off pressure, and ZIL could add another 100% in the near term.

Data Source: Tradingview 

Zilliqa (ZIL) – Bulls are fully in charge

In most cases, when coins rally to the extent that ZIL has, it’s natural to expect that there will be a pullback. But don’t bet on ZIL to do this in fact, bulls are in full control right now. We expect the gains to extend further to around $0.15 before there is any loss of momentum. 

ZIL is currently trading at around $0.09. Although it has lost about 5% for the last 24 hours as some holders cash in, we expect the bullish momentum to resume. The $0.11 mark will be the most difficult for bulls to break through. 

While we expect the current ZIL momentum to rise above that, if bulls are not able to break the resistance, ZIL will fall. But this will not be a huge pullback. In fact, it will be a modest pullback to $0.08 which will still put ZIL at an all-time high in 2022.

How to play the Zilliqa (ZIL) uptrend

Well, the best play here will be to buy. As for the short-term traders, close when the price hits $0.15. For long-term investors, the risk of a major sell-off after $0.15 will increase. It would be best to see if the coin hits that mark and then track the pullback before you buy.

The post Zilliqa (ZIL) could accelerate gains by nearly 100% before any major sell-off appeared first on Coin Journal.

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Huobi Token (HT) sees modest gains after it announced plans to launch a new crypto ETF in Hong Kong

The Huobi Token (HT) reported modest gains in 24-hour intraday trading on Tuesday. This came despite reports that the exchange was planning to launch a brand-new crypto ETF in Hong Kong. The coin remained largely unchanged for most of the day. Here is what to know:

The new Crypto ETF is expected to track some of the major crypto assets

It will largely target retail investors around the world

Huobi is now seeking approval from Hong Kong authorities to get this done.

Data Source: Tradingview 

Will the new ETF have any effect on Huobi Token (HT)?

Based on how investors have so far reacted to this news, it doesn’t seem like there will be a lot of price action as a result. But this is not a small thing by any means. For so many years, ETFs have provided an easy way for retail investors who have limited knowledge of the market to invest money with minimal risk. 

If something like that can be introduced in crypto, it could bring in more retail accounts to Huobi in the long run. Besides, it will also be a nice way for Huobi to bypass restrictive laws in Hong Kong that only allow crypto assets to be sold to professional investors. The potential of this opening up the huge Chinese market for crypto traders is massive.

Is Huobi (HT) worth it?

Huobi is one of the largest crypto exchanges in Asia. The platform has however had to deal with so many restrictions over there. But we are seeing more creative ways to bypass these laws. 

If indeed the ETF will be approved, it would open up more potential for the exchange. This would then mean more fees and more revenue. Based on these details, Huobi would be a good catch for longer-term value investors.

The post Huobi Token (HT) sees modest gains after it announced plans to launch a new crypto ETF in Hong Kong appeared first on Coin Journal.

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Ethereum (ETH) is breaking to $4000 – Here is why you should buy now

It feels like an eternity ago when Ethereum (ETH) bottomed close to $2000. But things have started to look up, and ETH has rebounded sharply. The coin is now well above $3000, and it is looking poised to keep up this momentum in the near term. Here is what to keep in mind:

  • ETH has smashed past several key resistance zones in the past week.

  • The coin is likely to test the $4000 in the near term.

  • ETH has rallied by nearly 40% over the last two weeks alone.

Data Source: Tradingview 

Ethereum (ETH) – How soon will it get to $4000?

Hitting $4000 is very likely for ETH. In fact, it’s not a question of if but when. The coin has been bullish over the last 2 weeks. Although we have seen some of that momentum slow, ETH is consolidating well above several crucial price points. 

For example, the coin has smashed past its 50-day simple moving average of $2848 by nearly $500. ETH has also gone on to shutter the 100-day SMA of $3045 by another $300. The next challenge for ETH bulls will be to test the 200-day SMA of $3489. 

At press time, the coin was trading at $3391. It is therefore not far away and we expect ETH to rise above the 200 SMA in the coming days. When this happens, a bullish breakout that takes the coin well above $4000 will be inevitable.

Why should you buy Ethereum (ETH) now?

It’s just a matter of time before the ETH rally starts. In fact, it could hit in a matter of days. Whether you are a short-term trader or long-term investor, the ride towards $4000 gives you the chance to make nearly 25% in returns. It’s unlikely we will see any bearish sentiment right now. Unless something drastic happens, we expect ETH to surge in the near term.

The post Ethereum (ETH) is breaking to $4000 – Here is why you should buy now appeared first on Coin Journal.

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Dogelon Mars (ELON) is expected to maintain a bullish trend – Here’s what to know

Over the past week, Dogelon Mars (ELON) has been one of the main meme coin performers. The toke is up nearly 40% in a week or so and has shown significant bullish momentum. But how long can it sustain gains before a major sell-off? More analysis in the post but here are some important facts first.

  • Dogelon Mars has outperformed the entire market by almost 15% in the past week.

  • The coin has closed higher in the last four days in a row

  • In the last two days alone, ELON has surged by over 25%.

Data Source: Tradingview 

Dogelon Mars (ELON) – Can bulls maintain the uptrend?

Despite this recent surge, it seems like the price action has been bouncing off two crucial support and resistance zones. In fact, ELON has tried to surge past the overhead resistance zone of $0.0000012, but bulls have not managed to get enough demand. The coin is however getting closer and closer and could break through in the coming days. 

If this happens, then we should have a sustained upward breakout that could deliver minimal gains of about 30%. Also, the sentiment in the crypto market is showing good signs. This means that investor appetite towards meme coins, which are largely speculative assets, is returning. For this reason, it is likely that in the near term, ELON will report more and more gains.

Is Dogelon Mars a good buy now?

The key for short-term traders is to watch the $0.0000012 price. If the meme coin can rise above this, then it is likely that more gains will come. We are looking at an upswing of around 30% before any pullback. 

So, with that in mind, Dogelon is a good buy. But from a long-term point of view, it would be best to wait until sentiment in the crypto market has fully stabilised before jumping in.

The post Dogelon Mars (ELON) is expected to maintain a bullish trend – Here’s what to know appeared first on Coin Journal.