Author: The Daily Hodl
Analyst and trader Kevin Svenson is saying that a historically accurate signal is once again flashing bullish for Bitcoin (BTC). In a new strategy session, Svenson tells his 79,400 YouTube subscribers that Bitcoin’s Relative Strength Index (RSI) is suddenly repeating a pattern that has historically preceded massive bull runs that lasted for at least six months. “Now taking a look at Bitcoin on the weekly chart, we can see that we are getting the most reliable signal throughout Bitcoin history. In my opinion, the weekly RSI breakout signal is the most reliable signal of all time… Whenever we clearly break…
The top meme asset Dogecoin (DOGE) could be “gearing up for a bullish breakout,” according to a popular crypto trader. The analyst Ali Martinez tells his 71,100 followers on the social media platform X that they should watch for two “key signals” indicating a possible DOGE breakout. Martinez says traders should monitor to see if Dogecoin’s Relative Strength Index (RSI) breaks the descending trendline on the daily chart. The RSI indicator is a momentum oscillator used to determine whether an asset is oversold or overbought. The RSI’s values range from zero to 100 with the level between 70 to 100…
An artificial intelligence (AI)-based, cat-themed gaming altcoin is reaching new all-time highs after being abruptly listed by the world’s largest crypto exchange platform by volume. In a new announcement, crypto exchange Binance says that it will be adding Catizen (CATI) to its suite of products starting on September 20th. “Binance is excited to announce that Catizen will be added to Binance Simple Earn, ‘Buy Crypto’, Binance Convert, Binance Margin and Binance Auto-Invest.” Catizen is a play-to-earn, The Open Network (TON)-based blockchain game launched in March that allows users to take on the role of a town’s mayor, managing an entire…
A closely followed crypto analyst is updating his outlook on a meme asset that has seen staggering gains during the last year. In a new strategy session, crypto trader Altcoin Sherpa tells his 222,900 followers on the social media platform X that Popcat (POPCAT), a memecoin that has skyrocketed 23,000% year-to-date, and other alts are looking bullish for the first time in months. “You can still see these market structure shifts in coins like POPCAT and many other shitcoins right now. The trend is bullish for the first time in months and you should be looking to buy dips on…
A judge has granted the U.S. Securities and Exchange Commission’s (SEC) request for a deadline extension to produce documents related to its court battle with the crypto exchange Coinbase. The SEC first sued the exchange in June 2023 for allegedly violating securities laws, including selling unregistered securities and operating an unregistered exchange/broker agency. This summer, Coinbase asked District Judge Katherine Polk Failla to order the regulator to search for and produce documents related to its previous communication with crypto issuers. The exchange also argued that the SEC needs to do a better job of logging the documents it withholds. Earlier…
A widely followed cryptocurrency analyst and trader believes one Ethereum (ETH) competitor is forming a bullish reversal pattern. The analyst pseudonymously known as Rekt Capital tells his 499,100 followers on the social media platform X that Avalanche (AVAX) may have reached a market bottom after a retest of a key level around $21.57 on the monthly chart. “Avalanche has successfully retested the macro downtrend as support. What this means is that the downtrend is confirmed to be over and the new macro uptrend is being set up. AVAX has rallied +29% since that successful retest.” AVAX is trading for $27.22…
Crypto gaming project Decentraland (MANA) has suffered a security breach, according to blockchain security firm PeckShield. PeckShield says hackers took control of Decentraland’s social media account on X and promoted a fake MANA airdrop. The aim of the scheme was to get people to visit a phishing site that collects details of their digital wallets. In this type of scheme, bad actors can steal their victims’ crypto assets once they get hold of the private keys and other sensitive information. “Decentraland’s X has been compromised. The phishing site is launch-decentraland[.]org. Do *NOT* click the link until further official announcements.” After…
Seasoned trader Peter Brandt is warning that Ethereum’s (ETH) biggest competitor is at risk of a significant correction. Brandt tells his 738,400 followers on the social media platform X that Solana (SOL) could lose a key level of support at the lower bound of a trading range, sending it plummeting more than 43% from its current value. “Observation about SOL. In an area of support. If support [around $129] gives way, then large rectangle will complete and point toward $80 and change.” However, pseudonymous crypto trader Inmortal tells his 216,000 followers on the social media platform X that Solana may…
A widely followed crypto analyst is updating his outlook on Ethereum (ETH) and other digital assets after the Fed cut rates this week. Crypto trader Michaël van de Poppe tells his 725,400 followers on the social media platform X that the Fed’s 50 basis point cut on Wednesday may be a bullish catalyst for crypto. “The FOMC (Federal Open Market Committee) meeting was massive. 50 bps (basis points) rate cut. However, the dot plot assumes that another 50-75 bps of rate cuts are likely to be happening in the coming months [which is] bullish for crypto and ETH. The most…
A widely followed cryptocurrency analyst and trader is leaning bullish on a Solana (SOL) competitor while offering his forecast on Bitcoin and the layer-1 blockchain Saga (SAGA). The analyst pseudonymously known as Bluntz tells his 275,300 followers on the social media platform X that Solana rival Sui (SUI) is set to rip after breaking out from the upper boundary of an ascending channel on the four-hour chart. Bluntz also says that the breakout is coinciding with a surge in trading volume. “SUI is seriously gonna continue to rip so hard from here, it’s legit free money in my opinion. These…