Schlagwort: crypto market

Key takeaways

• FARTCOIN is up 19% in the last 24 hours and now trades above $1.4,
• The coin is targeting the $1.65 high as open Open Interest hits $1 billion.

FARTCOIN surges 19% as memecoins continue to lead market charge

The cryptocurrency market has continued its explosive start this week, with memecoins leading the charge. FLOKI is the best performer among the top 100 cryptocurrencies by market cap, while other memecoins like DOGE, SHIB, BONK, TRUMP, and FARTCOIN are also in the green.

Fartcoin is up 19% in the last 24 hours, making it one of the top performers among the leading 100 cryptocurrencies. The rally allowed FARTCOIN to hit the $1.45 mark. Its rally is fueled by the Open Interest (OI) hitting $1 billion. Open Interest (OI) refers to the total value of open perpetual derivative contracts, serving as a direct indicator of traders’ interest. 

Data obtained from CoinGlass revealed that the Fartcoin Open Interest reached a new all-time high of $1.05 billion, up from $802.60 million on Wednesday. The rising Open Interest suggests growing interest in the memecoin and could push its price to new highs.

FARTCOIN eyes $1.65, with January high of $2.61 also in target

The FARTCOIN/USD 4-hour chart is extremely bullish and efficient thanks to the meme coin’s ongoing rally. The technical indicators also suggest that FARTCOIN could rally higher in the near term.

The Relative Strength Index of 62 shows that FARTCOIN could be heading into the overbought region if the buying spree continues. The MACD lines are also in the positive zone, suggesting a bullish bias.

Fartcoin nears the 78.6% Fibonacci retracement level at $1.56, drawn from the $2.61 peak of January 19 to the low of $0.19 from March 10. If the daily candle closes above the $1.5 mark, FARTCOIN could surge past the $1.65 resistance level in the coming hours. However, it would need the help of the broader crypto market or growing institutional demand to rally towards the all-time high of $2.61. 

On the flipside, failure to build momentum around $1.5 could see FARTCOIN test the TLQ level at $1.18. The bulls would likely defend July’s low of $1.002 as it serves as a strong support for continuation.

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Key takeaways

• BONK is the best performer among the top 100 cryptocurrencies by market cap, up 20% in the last 24 hours.
• The memecoin has added 60% to its value in seven days and now eyes the $0.000040 resistance.

BONK outperforms other major cryptocurrencies

BONK, Bonk’s native token, is the best performer among the top 100 cryptocurrencies by market cap. The memecoin has added 20% to its value in the past 24 hours and now trades at $0.00003426 per coin.

The rally comes amid renewed optimism in crypto markets, with altcoins leading the charge. Memecoins are currently outperforming other narratives, with DOGE, WIF, SHIB, FLOKI, and PEPE all in the green. 

Furthermore, this rally is fueled by BONK’s inclusion on Grayscale’s institutional surveillance list. The milestone legitimizes the memecoin in the eyes of broader market participants.

BONK eyes $0.000040 resistance amid growing demand

The BONK/USD 4-hour chart is currently bullish thanks to the memecoin’s excellent performance. The technical indicators are extremely bullish, suggesting that buyers are in firm control.

The pair is set to challenge the $0.000035000 level, a psychological barrier that could open room for further upside if the broader rally continues. If the rally continues, BONK could test the major resistance level at $0.00004047, setting a new yearly high in the process. However, it would need the help of the broader market to hit the $0.00004870 resistance level in the short term. BONK would likely drop to the $0.00003069 level to gain efficiency before it resumes its rally.

The RSI of 80 shows that BONK is currently in the overbought region and could face a slight retracement soon. The MACD lines are also in the bullish zone, indicating that buyers are currently in control of the market.

On the downside, if bears regain control, BONK could retest the TLQ level at $0.00002705 in the short term. An extended bearish run would allow BONK to drop to the last major Break of Structure (BoS) at $0.00002476.

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Key takeaways

• Ether is up 6% in the last 24 hours and now trades above $3,100.
• It is the best performer among the top 10 cryptocurrencies, outperforming BTC, XRP, and Dogecoin.

Ether tops $3,100 as market turns bullish

The cryptocurrency market has returned to its bullish sentiment following yesterday’s dip. Bitcoin, the leading cryptocurrency by market cap, dipped below $116k on Tuesday after soaring to a new all-time high on Monday.

BTC has now returned above $119k after adding 2% to its value in the last 24 hours. However, Ether is the best performer among the top 10 cryptocurrencies by market cap as it now looks to hit the $3,200 mark for the first time since February 2025. 

Ether’s rally comes as Nasdaq-listed SharpLink Gaming (SBET) flipped the Ethereum Foundation to become the largest corporate holder of ETH after acquiring 74,656 ETH for $213 million last week. 

According to its recent press release, the company earned 94 ETH from staking last week. Its recent acquisition now brings the company’s holdings to 280,706 ETH. SharpLink made this recent acquisition after raising $413 million from the sale of 24.5 million shares of its common stock through its At-The-Market (ATM) facility last week. The company still has a balance of $257 million from proceeds that have not yet been allocated to ETH purchases.

ETH eyes $3,437 resistance level

The ETH/USD 4-hour chart is bullish but inefficient, suggesting that Ether could likely sweep liquidity to the downside before rallying higher. The technical indicators are bullish, suggesting an extended period of rally for the cryptocurrency.

Ether could likely drop to $3,080 to gain efficiency before rallying to the first major resistance level at $3,437. In the event of an extended rally, Ether could hit the $3,519 level for the first time since January 19.

However, the bears could still regain control if the bulls fail to push ETH higher. If that happens, ETH could likely test the TLQ at $2,946 in the coming hours. However, the market will need to be extremely bearish for Ether to test last week’s low of $2,805.

The RSI of 70 and the MACD lines in the positive zone both suggest a bullish bias for Ether.

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Key takeaways

• DOGE is down 7.5% in the last 24 hours as the broader crypto market retraces.
• The coin could drop to the $0.18 resistance level before resuming its rally.

DOGE dips 7.5% as broader crypto market retraces

The cryptocurrency market had an explosive start to the week, with Bitcoin hitting an all-time high of $123k while Ether rallied above $3k. DOGE, the native coin of the Dogecoin blockchain, also rallied to the $0.215 level on Monday.

However, the broader crypto market is currently in a retracement, with selling pressure keeping the price down. BTC is trading below $117k while Ether has dropped to the $2,900 region.

Dogecoin is not left behind as the leading memecoin has lost 7.5% of its value in the last 24 hours to now trades below $0.20. The correction could last longer as the bears could test the lower support in the coming hours.

However, DOGE could resume its rally soon as institutional activity shows growing demand. Market participants are speculating about fast-tracked ETF paths for high-volume tokens like DOGE and XRP, prompting whale-led accumulation near local lows.

DOGE could retest $0.18 support level

The DOGE/USD 4-hour chart is bullish and efficient despite the coin losing 7.5% of its value in the last 24 hours. The technical indicators are still bullish but are showing signs of exhaustion.

If the current correction continues, DOGE could test the next support level (TLQ) at $0.18046 over the next few hours. At press time, DOGE is trading at $0.1916. However, if the retracement drags on longer, DOGE could retest last week’s low of $0.16510.

The RSI of 56 shows that the bullish bias is fading. The MACD lines are also approaching the neutral zone, suggesting limited buying orders. If the bulls recover control of the market, DOGE could surge past Monday’s high of $0.21374 before testing the $0.22856 high. In the event of an extended rally, DOGE could test the May high of $0.260.

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Key takeaways

• Ether is up 3% in the last 24 hours and now trades above $3k.
• The coin could rally towards $3,400 soon amid bullish sentiments.

Ether tops $3k as BTC hits a new all-time high

The cryptocurrency market is having an excellent start to the week, with Bitcoin and other major cryptos in the green. Bitcoin, the leading cryptocurrency by market cap, hit a new all-time high of $123k earlier today after adding more than 4% to its value in the last 24 hours.

It has slightly retraced to the $121k region, but analysts expect it to resume its upward movement soon. 

Ether, the leading altcoin and second-largest cryptocurrency by market cap, is not left out of this rally. Ether added more than 3% to its value in the last 24 hours and is now approaching the $3,100 mark.

This rally comes amid growing institutional demand for Ethereum products. Data obtained from Coinglass revealed that spot Ethereum ETFs recorded a $1.4 billion volume over the last 24 hours. Thanks to the growing volume, Ethereum ETFs now have over $12 billion in assets under management, led by BlackRock’s iShares Ethereum Trust ETF. 

ETH targets $3,400 as bulls look to push price higher

The ETH/USD 4-hour chart is bullish and efficient, suggesting that Ether could rally higher in the near term. Ether inches closer to the 61.8% Fibonacci retracement level at $3,067 drawn from the December 16 high of $4,107 to the April 9 low of $1,385. 

A daily close above this level could see ETH rally towards the 78.6% Fibonacci level at 3,525. Furthermore, its 50-day Exponential Moving Average (EMA)  crossing above the 200-day EMA suggests a golden crossover, generally considered to be a buy signal.

The RSI of 73 and the MACD lines within the positive zone serve as added bullish confluences. If the rally continues, ETH could cross the first major resistance level at $3,438 over the next few hours or days. An extended bullish performance would allow ETH to hit $3,755 for the first time since January 5th.

However, if Ether fails to hold above $3k, it could retest the 50% Fibonnaci level at $2,751.

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