In our recent Tamadoge market analysis, we observed the market’s notable breach of bearish resistance, surpassing the $0.009 price level. However, the subsequent bullish momentum above this threshold proved short-lived, leading to a decline below $0.009 and the 20-day moving average. Despite this subtle downturn, bullish sentiment remains resilient, evident in the market’s capacity to withstand selling pressure.
Key Levels
Resistance: $0.013, $0.014, and $0.015.
Support: $0.0045, $0.0040, and $0.0035.
TAMA/USD Price Analysis: The Indicators’ Point of View
The market outlook, as depicted by the candlestick chart for the recent 4-hour trading session, indicates a standoff between bulls and bears. However, with the price gradually descending towards the $0.0082 level, traders may anticipate a substantial price rally from this point, given its historical significance as a pivotal support during previous bull runs. Additionally, dwindling trading volume as the market approaches this critical support suggests waning selling momentum, further bolstering the likelihood of an impending price rally.
Tamadoge Short-Term Outlook: 1-Hour Chart
However, upon examining the market from the 1-hour chart perspective, we observe the Bollinger Bands converging into narrower bands, indicating a tightening price channel. Additionally, there is evident effort (according to this crypto signal) from the bulls to sustain their position at $0.0084. The descent of price peaks suggests a potential further drop in the market. Nevertheless, bullish intervention is anticipated around the $0.0082 mark, drawing from historical market patterns.
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Cardano (ADA) Price Long-Term Forecast: Bearish Cardano’s (ADA) price is still struggling to rebound from its drop as it resumes a horizontal trend. The cryptocurrency asset already fell twice, from a high of $0.80 to a low of $0.55 and $0.58. Bulls bought the dips, but the rebound has stalled between the moving average lines. The altcoin is trading above the 50-day SMA but below the 21-day SMA.
Currently, the price movement will be determined by the breaking of moving average lines. Cardano is trading at $0.65 at the time of writing. On the upside, Cardano will resume a bullish trend if it breaks above the 21-day SMA or the $0.70 resistance level. The market will rise to its prior high of 0.80.
ADA/USD – Daily Chart
Technical Indicators: Major supply zones: $1.0, $1.05, $1.10 Major demand zones: $0.25, $0.20, $0.15
Cardano (ADA) Indicator Analysis Cardano is recovering, but its price bars remain caught between the moving average lines. This will affect the cryptocurrency’s price movement. The ADA price will be forced to oscillate between the moving average lines for a few days. On the 4-hour chart, the price bars are above the horizontal moving average lines. The 21-day SMA interrupted the increasing trend.
What Is the Next Move for Cardano (ADA)? Cardano’s slide has slowed above the $0.57 support level on March 19, 2024, as it resumes a horizontal trend. The ADA price corrected higher but was rebuffed at the $0.68 high. The sideways trend has begun between the $0.57 and $0.68 price levels. The occurrence of tiny-body indecisive candlesticks has guided the price activity, causing the altcoin to consolidate.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
ENJUSD Analysis – Buyers Face Resistance at the $0.55100 Key Level
ENJUSD slows down the bullish wave. The buyers, who have been making efforts to push the price higher, have faced resistance at the $0.5510 significant level. This setback has caused the buyers to slow down after three consecutive gains this week. Traders are now uncertain whether the price is yielding to the sell side or if the buyers are still in control.
ENJUSD Key Zones
Resistance Levels: $0.55100, $0.67450 Support Levels: $0.360460, $0.314800
Since March 11th, ENJUSD has witnessed a consistent drop from the $0.67450 key level. The buyers, who had been on the attack since last month, dropped out at this key level, allowing the sellers to take control. The bears dominated the market for a while until they were eventually swept out around the $0.43220 key level. However, in recent times, the buyers have only shown a slight recovery, and despite this movement, the sellers are willing to take over again.
The $0.55180 key level has proven to be a significant resistance point for the buyers. If they can manage to break through this level, it could potentially open up an opportunity for bullish expansion. Traders will closely monitor this level to determine the strength of the buyers and the likelihood of a sustained upward movement.
The RSI is currently showing intent as the signal lines oscillate around the middle level. This indicates that there is indecision in the market and that neither the buyers nor the sellers have a clear advantage at the moment. Traders will closely monitor the RSI for any signs of a breakout in either direction.
Market Expectation
Currently, the signal line is still trading above the bearish histogram, suggesting that there is hope for a potential resurrection of the buyers. Traders will pay close attention to the MACD to gauge any shifts in momentum. Key levels to watch include the $0.55180 level, which, if surpassed, could lead to a bullish expansion.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
This week, meme coins remain prominent among the top five trending markets, although they have not secured the first or second positions. Occupying these spots are utility tokens, with Fetch.ai leading and EGO following closely. Despite this, meme coin markets have maintained considerable momentum over the past few weeks, and in today’s analysis, their performance remains noteworthy as they closely trail the leading two markets. Without delay, let us proceed with today’s market analysis.
Fetch.ai (FET)
Major Bias: Indecision
This week, the Fetch.ai market (FET) experienced notable bullish activity, commencing with a strong uptrend from the $2.500 price level on Sunday and reaching a peak of $3.500 by Thursday. However, the market has since encountered a bearish reversal at the $3.500 mark, indicating a current downturn. Nevertheless, the potential for a bullish reversal at the $3.00 price level is emerging. This is supported by the observation of a spinning top candlestick in today’s trading, suggesting resistance to the prevailing bearish sentiment. If this pattern persists and the bearish trend weakens, it could lead to either a consolidation phase above the $3.00 price level or a further downtrend should the price breach this threshold.
Current Price: $3.0649
Market Capitalization: $2.5 billion
Trading Volume: $426 million
EGO (EGO)
Major Bias: Bullish
Possibly, the EGO market’s performance in the past 24 hours has secured its position as the second-ranked trending market for this week. Remarkably, it has demonstrated a 21.32% increase in performance during this period. Despite this rally, the market remains below the 20-day moving average, indicating a continued presence within the bearish zone. However, with bullish momentum currently prevailing and a robust trading volume, the market appears to be in a phase of recovery.
In contrast to the Fetch.ai market (FET), which has experienced a downtrend since the start of the week until finding support at the $0.072 price level in yesterday’s market, EGO has displayed a different trajectory. Presently, the $0.12 price level emerges as a potential target for the ongoing bullish trend. Should this materialize, the market will likely consolidate within a wider price range. However, failure to establish a higher low could signal further decline, potentially breaching the crucial $0.072 support level.
Current Price: $0.0858
Market Capitalization: $4.9 million
Trading Volume: $4.5 million
Pepe (PEPE)
Major Bias: Bullish
The Pepe market has maintained a consistent position at $0.0000082 since the previous week, likely contributing to its ranking as the third most sought-after market on this list. Over the past weeks, Pepe has predominantly traded sideways within a narrow price channel, marking a significant shift as it now enters the $0.000008 price range. However, analysis of key indicators such as the Bollinger Bands and the Relative Strength Index suggests an impending consolidation phase. Traders should take note of the declining trade volume, the convergence of the Bollinger Bands, and the sustained market momentum around 57 for approximately two weeks, signaling a potential shift in market dynamics.
Current Price: $0.00000816
Market Capitalization: $3.5 billion
Trading Volume: $575 million
Super Trump (STRUMP)
Major Bias: Indecision
This market appears to be a recent addition to the crypto market, likely securing the fourth position on this list by leveraging the excitement typically associated with new market entries. A glance at the chart reveals that trading activities only began to emerge last week. During its initial appearance, the market exhibited high levels of activity and volatility. However, as we transition into this week, volatility has started to diminish, with the market stabilizing around the $0.0065 price level. This price level appears to represent an equilibrium point, as indicated by the Relative Strength Index readings. It is conceivable that the market may remain relatively stagnant around this level in the near future.
Current Price: $0.0065
Market Capitalization: $12 million
Trading Volume: $5 million
dogwifhat (WIF)
Major Bias: Bullish
Ranked fifth is the dogwifhat market, which has exhibited remarkable bullish performance in the past 24 hours. Unlike the Fetch.ai (FET) market, which claimed the top position on the list, dogwifhat has displayed consistent bullish behavior since Sunday. Notably, this market appears to be steadfast in its upward trajectory, with an apparent target of $5.00. While minor bearish sentiment has been observed, the market remains predominantly bullish. Nevertheless, it is anticipated that the bullish momentum may encounter significant resistance at the $5.00 price level, akin to the challenges faced by Fetch.ai at $3.50.
A positive change in the exchange lines that include the worth of Uniswap versus the valuation of the US Dollar has been in a low-to-increasing mode, given that the price currently strives for rises based on $10.
In order for bulls to gain strength and sustain the ensuing gains, the middle Bollinger Band trend line is currently acting as a significant barrier trading zone. It would be essential to monitor the real point at about $12. Consequently, any attempt to allow bears to cross that boundary may result in the lower $10 baseline being revalidated.
UNI/USD – Daily Chart The UNI/USD daily chart reveals that the crypto-economic market strives for rises based on the $10 bargain line.
The stochastic oscillators have been managing to conjecture a trending curve to the northbound, placing around a point a bit above the line of 40. The Bollinger Band trend lines are in a systemic state of positioning around the values of $16 at the upper end and $10 at the lower part to showcase the real values within which ups and downs have been mentioned.
Should investors hold off until the market starts to move back south along the lower Bollinger Band’s zones?
Capitalists may have to wait a while to see that there will be an active reversal of any attempted fearful drawback in the market operations of UNI/USD around the point of the lower Bollinger Band as the price strives to rise, based on the value of $10.
Bulls should stick to their positions next to the yearning wall of a bullish candlestick that emerged from the lower Bollinger Band indicator, as it has been technically illustrated. Any inclination to actively impede it in the near future will expose the market’s base mode to more difficult recoveries.
The middle Bollinger Band’s trend line has demonstrated a tendency to indicate rejection, so the critical imaginary barrier line for the indicator is situated at $14. In the event that a stronger pushing factor is discovered, bears should take caution before taking a new position at $16. UNI/BTC Price Analysis In contrast, the Uniswap market is striving toward basing on a zone from the zone of buy signal of the lower Bollinger Band against the worth of Bitcoin.
The stochastic oscillators are stationed strategically to denote that a reversion style is thriving tentatively as of the time of this analysis. The Bollinger Band indicators are having their muffle trend line positioning with a slight downward bend over the candlesticks. Variant indicators are yet indicating that a shift of points to a decrease side is bound to be for a while. \ Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Dash 2 Trade Price Forecast: D2TUSD Price Suggests a Buy Signal Again (March 30) The D2TUSD pair is at the top channel of the chart today. The coin price suggests a buy signal again, as the coin price breaks above the resistance lines, hinting at more gains ahead. The coin’s price is expected to continue its bullish run, and if the bulls can break through the $0.00732 peak value, the price may rise much further. In that case, we should anticipate a strong upward momentum up to the upper resistance level of $0.01000 and beyond, resulting in a buy signal and an intraday gain for the buy traders.
D2T (USD) Long-term Trend: Bullish (4H) Dash 2 Trade has recently experienced an appreciation in value. The price is strongly trading in a bullish trend and looks good for a long in its higher time frame. This looks nice for the long traders and signifies a buy signal. The coin made it to a high at the $0.00476 mark during the previous session and sustained it, this has made it possible for the coin to remain upside down in its recent high.
Today, the coin buyers responded to the market and broke out to a high at the $0.00503 resistance mark above the moving average lines as the 4-hourly session begins today; this looks good for the long and also indicates more forces from the buy traders and bullish commitment.
Given the outlook, a bullish breakout confirmation reflecting the increased market sentiment will occur if the bulls move higher and close above the $0.00732 high barrier.
Notably, the D2TUSD market will continue to look good for a long as indicated by the momentum indicators signaling an uptrend. In this scenario, buyers are anticipated to follow the trend, and from a long-term viewpoint, the price of Dash 2 Trade may soon approach the upper resistance level of $0.01000.
D2T (USD) Medium-term Trend: Bullish (1H) D2TUSD indicates an upward trend with a bullish sentiment and also suggests a buy signal again for long-term traders in its medium-term perspective. The coin is trading above the level of $0.00499 and presently facing the upper resistance at the recent high. In the previous actions the coin has been having high interference from buyers which made it easier for the cryptocurrency to maintain stable upside moves in its recent high.
The coin price rises significantly above the resistance trend lines at the $0.00503 level as the 1-hourly chart begins today. This is due to a high bullish impact on the market price.
Hence, should the buying pressure persist, and the bulls close the hourly chart above the $0.00510 previous high mark, the ongoing recovery could lead the market price of D2TUSD to remain stable at the upside and stop any further bearish moves.
Additionally, Dash 2 Trade is showing more upside possibility as indicated by the daily stochastic which is pointing in an upward direction. The coin buyers may anticipate the remarkable upswing to reach the $0.01000 upper high mark soon in its medium-term outlook.
Hello, merchants! To give the community greater clarity and openness, we have chosen to restructure the format of our development updates.
Dash 2 Trade Monthly Developer Update: (Mar 2024)
Hey traders! We have decided to switch the format of our dev updates to provide more clarity and transparency to the community. So here's a recap of the last month in D2T's office and a summary on what's coming shortly!
Polkadot (DOT) Long-Term Analysis: Bearish Polkadot (DOT) is declining below the moving average lines but remains above the 50-day SMA due to traders’ apathy. The altcoin dropped from a high of $11.85 to a low of $8.60. The cryptocurrency’s price has been above the 50-day SMA but below the 21-day SMA since March 19, 2024. The altcoin has traded between the moving average lines. In other words, the market prices range from $9.00 to $10.00.
Polkadot will resume trending after the 21-day and 50-day SMAs are broken. According to the current pricing, the altcoin is likely to fall further. On the downside, if the bears break through the 50-day SMA or the $9.00 support, DOT/USD will fall above the $7.57 low. Polkadot is currently worth $9.59 at the time of writing.
DOT/USD – Daily Chart
Technical indicators: Major Resistance Levels – $10, $12, $14 Major Support Levels – $8, $6, $4
Polkadot (DOT) Indicator Analysis DOT price bars have become stuck between the moving average lines, causing the altcoin’s value to fluctuate. The bulls and bears have yet to gain control of the price trend. On the 4-hour chart, the moving average lines slope horizontally, indicating a lateral trend.
What Is the Next Direction for Polkadot (DOT)? The cryptocurrency asset has been static since the formation of Doji candlesticks due to traders’ apathy. Polkadot’s 4-hour chart shows prices ranging from $9.20 to $10.00. The price movement has been static because of small-body indecisive candlesticks. The cryptocurrency’s price is likewise consolidating above its present support. The crypto signal is fluctuating due to traders’ apathy to market direction.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
Chainlink (LINK) Long-Term Analysis: Bearish Chainlink’s (LINK) price has fallen below the moving average lines as it hovers above $18. The recent rise ended when the altcoin dipped below the moving average lines twice. On March 11, the LINK price rose to a high of $22.83 before falling to a low of $16.30. Bulls purchased the dips as the altcoin rose to a high of $20.72. Chainlink has plummeted again to a low of $18.95 as of this writing.
The crypto asset will drop even lower to its previous low when it encounters its second rejection. On the downside, the altcoin will drop to its prior lows of $18.03 and $16.30. If the present support at $18 holds, the crypto asset will move in a range of $18 to $22.
LINK/USD – Daily Chart
Technical indicators: Major Resistance Levels – $8.00, $10.00, $12.00 Major Support Levels – $6.00, $4.00, $2.00
Chainlink (LINK) Indicator Analysis The price bars are still above the $18 support even if they are below the moving average lines. Further retracement of the coin is possible. The moving average lines are sloping upwards, indicating the previous trend. On the 4-hour chart, the moving average lines are sloping downward, indicating a current downtrend.
What Is the Next Direction for Chainlink (LINK)? Chainlink is range-bound as it hovers above $18. If the current support of around $18 is breached, the altcoin will retrace to its prior low of $16.30. In other words, Chainlink will trade at a price range of $16.30 to $22. The crypto signal will be range-bound as it falls below the moving average lines.
Note:Cryptosignals.org is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing result
In a significant show of confidence, Bitcoin futures’ open interest has reached an all-time high, indicating a surge in trading activity for the world’s leading cryptocurrency.
Data from CoinGlass shows that the total open interest for Bitcoin futures hit an unprecedented $38 billion last Friday.
Image via Coinglass
This milestone represents a substantial increase in market engagement since the start of 2024, with daily open interest more than doubling from $17.2 billion on January 1st. This surge coincides with Bitcoin’s impressive price rally, reaching $70,000—a 66% increase since the beginning of the year.
Open interest is a crucial metric in the financial world, indicating the total value of all outstanding Bitcoin futures contracts yet to be settled across exchanges. A high open interest suggests strong market activity and positive sentiment among traders regarding the asset’s future.
The data for March is particularly revealing, with the monthly volume of Bitcoin futures surpassing $2.3 trillion across various exchanges—the highest level recorded since May 2021. This data, sourced from The Block’s data dashboard, highlights the increased interest and liquidity in the Bitcoin futures market.
Image via The Block
The Ethereum market has also seen substantial growth, with the total open interest for Ether futures reaching $13.8 billion, marking an almost 90% increase since the beginning of the year. Ether’s trading price currently stands at $3,500, representing a year-to-date gain of over 53%.
The recent introduction of Bitcoin spot exchange-traded funds (ETFs) by prominent investment firms, including BlackRock, has contributed to this bullish trend. These financial instruments have positively influenced market sentiment, attracting cumulative net inflows exceeding $12 billion into Bitcoin spot ETFs.
As the cryptocurrency market continues to evolve, these developments underscore the growing acceptance and integration of digital assets into mainstream finance.
With both institutional and retail investors showing increased interest, the future of cryptocurrency trading appears promising. This report provides a comprehensive overview of the current state of the market, highlighting the trends shaping the future of finance.
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