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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A closely followed crypto analyst is warning that the crypto market may not be done correcting based on one key metric. In a new thread on the social media platform X, crypto trader Justin Bennett tells his 115,900 followers that the Tether dominance chart (USDT.D) is flashing bearish for Bitcoin (BTC) and other digital assets. Many traders closely watch the USDT.D chart as it shows how much of the crypto market cap is comprised of stablecoin Tether (USDT). A bullish USDT.D chart is generally considered bearish for Bitcoin and other cryptocurrencies as it indicates traders are unloading their crypto holdings in favor of the stablecoin. “You can’t help but feel we’re at pivotal levels right now in the crypto market. Tether dominance just secured its highest daily, three-day, and five-day close since early November, and this 4.4% area is serving as support so far this week. Despite how some will react, I’m not making any bold calls (yet), as...

A popular crypto analyst says that meme asset Dogecoin (DOGE) rival Shiba Inu (SHIB) must hold a certain support level to not come crashing down. In a new video, crypto trader Ali Martinez tells his 106,500 followers on the social media platform X that the $0.0000193-$0.0000215 range is a must-hold for Shiba Inu. According to Martinez, a breaking of these levels would be bearish for the dog-themed memecoin. SHIB is trading for $0.00002255 at time of writing, up 6.5% in the last 24 hours. Moving on to Bitcoin (BTC), the trader says BTC must avoid falling below $90,000 to avoid falling even further. “If Bitcoin BTC falls below $88,000, the next major support level lies at $71,000, according to the MVRV Pricing Bands.” Source: Ali Martinez/X Earlier this week, Martinez said that meme asset Dogecoin could surge by quadruple digits percentage-wise for one key reason – that if DOGE follows a historic price pattern, the memecoin could surge to $17.76. “D...

A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is gearing up for a massive rally while updating his outlook on Bitcoin (BTC). In a new strategy session, crypto trader Justin Bennett tells his 114,600 followers on the social media platform X that decentralized exchange (DEX) Curve Finance (CRV) looks primed to skyrocket by over 500%. “Unsure if we’ll even get the pullback first, but CRV looks ready for $6.80 while above $0.87.” Source: Justin Bennett/X CRV is trading for $1.11 at time of writing, a 2.7% decrease during the last 24 hours. A spike to Bennett’s target price of $6.80 would represent a 515% increase from its current level. Moving on to the top crypto asset by market cap, Bennett says that investors shouldn’t be surprised if BTC smashes through the $105,000-$106,000 price tag after it reached the six-figure milestone for the first time ever. “Six-figure Bitcoin!! Nice move off of new ...

Crypto analyst Michael Van de Poppe has recently discussed the altcoin market’s potential for a significant breakout. The analyst highlighted a developing bullish pattern represented by a “higher low” formation. This pattern could signal a trend reversal in the altcoin market. He further suggested that the market structure indicates a possible upward shift when viewed on a larger time frame. He projects that this turnaround might become evident by September. As such, traders are seeking the top altcoins to consider for investment, anticipating the bullish trend. Top Crypto to Invest in Right Now Uniswap is the second-largest protocol on the Polygon network, with a TVL of $226 million. Meanwhile, Helium recorded an intraday price increase of 1.62%, bringing its value to $7.15. Additionally, SUN’s recent performance indicates rising market interest and optimism for decentralized finance applications. These developments place each asset among the top crypto to in...