Latest news with #AMBCrypto
Business Mayor
26-05-2025
- Business
- Business Mayor
Breaking down VIRTUAL's 13% daily surge: Is $2.44 next?
VIRTUAL surged 13.25%, hitting a four-month high. Virtuals protocol makes a bullish crossover from two fronts as momentum strengthens. After reaching $2.24 three days ago, Virtuals Protocol [VIRTUAL] faced strong rejection. The altcoin retraced to a low of $1.83. However, over the past day, VIRTUAL has successfully retested $1.8 support and rebounded to hit a 4-month high of $2.25. In fact, as of this writing, VIRTUAL was trading at $2.24. This marked a 13.26% increase over the past 24 hours. Over the same period, the altcoin's volume has surged by 69.16% to reach $329.34 million while the market cap was up $13.18%, hitting $1.44 billion. A surge in price alongside volume and market cap signals strong demand for an asset. As such, VIRTUAL was experiencing significant demand across all market participants in both spot and futures markets. Source: Coinalyze For starters, d emand in the spot market remains strong, with buyers dominating over the past day. VIRTUAL buyers have accumulated 5.18 million in volume, creating a positive market imbalance of 403K compared to sellers. The same trend extends to the Futures market, where VIRTUAL's Open Interest has surged 18.83% to $237 million, according to CoinGlass data. This sharp increase suggests that investors are heavily favoring futures contracts. Source: CoinGlass VIRTUAL's long and short data reveal that most Futures investors are favoring long positions. At press time, longs accounted for over 50% of all futures contracts, with the Long-to-Short Ratio exceeding 1, while shorts held 49% of total Futures. This preference for long positions is further supported by VIRTUAL's Funding Rate remaining positive across major exchanges. When longs dominate the market, it signals widespread bullish sentiment, with investors expecting prices to climb further in the near term. Source: Coinalyze Is VIRTUAL set for a sustained uptrend? According to AMBCrypto's analysis, the coin was currently experiencing a strong upward momentum amid rising demand. This strong upward momentum is evidenced by the fact that VIRTUAL has made bullish crossovers across two fronts. Over the past day, the altcoin's Stoch RSI made a bullish crossover, rising to 50. A crossover here suggests that the momentum to the upside is strong and is very likely to continue. Source: TradingView This upside momentum was further confirmed by another bullish crossover that emerged on VIRTUAL's RSI. A move to the upside here suggests that buyers have taken control of the market, thus displacing sellers in the market. RSI has surged to 66 with its MA sitting at 62. These crossovers pointed out that demand has strengthened the uptrend, and VIRTUALl could make more gains. Therefore, based on the above observation, if the trend continues with bullish sentiments persisting, the altcoin will find the next significant resistance around $2.44. Conversely, if the attempt by Bulls fails with sellers starting to realize a profit, a pullback will see VIRTUAL drop to $1.92.
Business Mayor
23-05-2025
- Business
- Business Mayor
Cardano price prediction: ADA's 13% rebound tests $1 breakout zone
Cardano price prediction turns bullish as ADA jumps 13% after a clean retest of the $0.7125 support level. Whale wallets began accumulating long positions, anticipating a breakout toward the $1.15 liquidity zone. Cardano [ADA] has come back to life again. The altcoin recently recovered from the pennant support level at $0.7125, recording a sharp 13% jump in under 72 hours. This sharp move reignited bullish momentum, and the current Cardano price prediction now centers around a potential break above $1. The rebound followed a textbook retest, confirming the validity of the pennant formation. For many traders, this solidified ADA's short-term bullish structure. With momentum building, the market now watches for a clean push through the $1 mark—a critical psychological and technical level. Source: TradingView Liquidity at $1.15 generates notice ADA recent price spike of could be due to a larger goal — the equal highs liquidity pool at around $1.15 level. This region resulted in several rejections, with untouched liquidity left behind. Prices usually push towards these key zones, especially on buildups of momentum. With $1 as a potential point of entry, a break can propel gains. Reaching $1.15 would not only sweep the liquidity levels clean, but also confirm bullish control on the higher time frames. Interestingly, the position here is consistent with classical breakout patterns. The pennant formation commonly leads to a continuation in the earlier trend direction — in this case, ADA bullish trends may prevail further. Whale activity validates bullish outlook Adding confidence to the bullish Cardano price prediction is fresh whale accumulation. AMBCrypto analysis of CryptoQuant's on-chain data indicated that whales are beginning to accumulate again. Read More Ethereum hits $3.7K as whales accumulate, but there's a problem High-net-worth addresses are opening long positions, suggesting optimism regarding an ADA short-term rally. Whales are the trend setters of big trends. Their increased activity suggests that smart money is preparing for a breakout above $1. With liquidity targets converging with the bullish sentiments, ADA may be setting up another bullish run. A clean breakout above $1 with strong follow-through would confirm the bull case. Source: CryptoQuant Cardano Price Prediction: Can bulls clear the $1 barrier? With buyer-friendly technical environments and whale demand on the rise, ADA might be about to test and break the $1 barrier.
Business Mayor
22-05-2025
- Business
- Business Mayor
PEPE flashes bullish signs despite $15M Robinhood sell-off — Why?
Robinhood sold a notable amount of PEPE, fueling downward pressure on the asset Despite the selling volume, however, PEPE held its levels on the chart PEPE's price has continued to climb on the charts, despite its whales offloading a significant amount of the asset across the market. In fact, contrary to perceptions, AMBCrypto's analysis revealed that the asset's 8% rally over the last 24 hours could signal the beginning of a more significant move. How will the market respond though? And, what are the odds? Whale offload without buyback A wallet linked to the U.S-based cryptocurrency exchange Robinhood saw notable liquidity outflows over the last 24 hours. This entity sold approximately $15 million worth of PEPE into the market. Typically, when large entities sell off, they follow it with some level of buyback within the same period. However, that hasn't been the case here. Source: Arkham Despite the sell-off, however, Robinhood remains the second-largest holder of PEPE, controlling 3.67% of the supply – Worth $209.9 million. Interestingly, even after this sell-off, PEPE has held on to its price, with market analysis suggesting the token could continue to climb in the coming days. PEPE's outlook remains bullish AMBCrypto's short and long-term outlook on the memecoin revealed that the asset remains bullish on both timeframes. Short-term analysis using the 4-hour chart revealed that PEPE has been trading within a symmetrical triangle pattern, marked by converging support and resistance levels. Source: TradingView This bullish formation could push PEPE up by 12.24%, potentially reaching $0.00001541. A broader outlook using the 1-day chart showed PEPE trading within a cup-and-handle pattern. Like the symmetrical triangle, this pattern is also a bullish precursor. However, in this case, the price must breach the black resistance line at $0.00001483. Source: TradingView If it does, PEPE could rally by 91% to $0.00002836 – A level last seen in December 2024. The key question now is whether the asset can gather enough momentum to break through that resistance. Is market momentum building? Well, at the time of writing, the momentum appeared to be growing across both the spot and derivatives markets. In the spot market, buying interest has been gradually building up again, with $335,000 worth of PEPE purchased so far. Source: Coinglass In the derivatives market, the OI-weighted funding rate stood at 0.0127%, confirming the presence of bullish sentiment.
Business Mayor
18-05-2025
- Business
- Business Mayor
Binance coin: Spot vs. Futures traders – Who's in control of BNB's price?
BNB price rose 0.10% in 24 hours, but futures traders showed reduced confidence with declining Open Interest. Short traders lost over $102K in 24 hours despite a bearish bias, hinting at underlying bullish resilience. Binance Coin's [BNB] price movement over the past 24 hours has remained neutral, with a modest gain of 0.10%. While that sounds uneventful, under the hood, market behavior and on-chain signals tell a far more nuanced story. Spot and futures traders take different sides Spot traders have taken the bullish position, continuing to acquire more BNB from the market. Over the last day alone, $8.34 million worth of BNB moved off exchanges, bringing the week's net outflow to $31.28 million. This purchase is worth noting, as it indicates traders are acquiring BNB from exchanges and transferring it to private wallets. Source: CoinGlass This trend indicates a long-term positive outlook for the asset, which is crucial for maintaining its price stability. However, futures traders remain unconvinced. Notably, AMBCrypto found that Binance's largest traders by position size are the most bearish. This sentiment is reflected in the Taker Buy/Sell Ratio, reported by CoinGlass at 0.955. The Taker Buy/Sell Ratio, a key market indicator from CoinGlass, measures whether buying volume (above 1) or selling volume (below 1) is dominant. The broader market appears even more bearish, with the press time ratio at 0.9139, suggesting weaker buying pressure overall. Source: CoinGlass Open Interest (OI) has also declined, continuously trending lower. BNB's OI fell from $855.2 million earlier in May to $789.9 million. That drop in unsettled contracts shows reduced conviction and fading momentum. Source: CoinGlass Surprisingly, short traders recorded higher losses in the past 24 hours, losing $102,560 compared to $2,140 lost by long traders. Read More Uniswap drops to a key bullish zone – Is a pivot likely? Greater losses among short traders suggest that the market has tilted against them, giving the advantage to the longs. BNB development activity drops Having said that, activity on the BNB Smart Chain paints a more cautious picture. After a solid build-up earlier this month, daily smart contract deployment has sharply pulled back. According to BscScan, deployments dropped 34.77% in 24 hours to 54,369. Verified contracts also fell 22.69% to 259. Naturally, fewer contracts mean lower network usage and less on-chain demand for BNB. Source: BSCscan The continued slowdown in development activity could be a defining factor in whether BNB stages a rally or faces further decline.
Business Mayor
16-05-2025
- Business
- Business Mayor
Ethereum rallies, Bitcoin stalls: Is capital rotation reshaping the crypto landscape?
Ethereum has surged with force. Meanwhile, Bitcoin's dominance has reversed sharply. Capital rotation appears to be in play. The race to the top is heating up — and it's not another altcoin frenzy. Instead, it's a top- tier face- off between the two largest crypto assets. Ethereum [ETH] is ripping higher, clocking nearly +50% ROI in under a month, tagging $2,616 at press time. Momentum's aggressive, and bulls are clearly in control. Meanwhile, Bitcoin Dominance [BTC.D] has taken a sharp U-turn from its recent 65% high. BTC itself is stalling, delivering muted weekly returns — not what you'd expect at six figures. Consequently, the rotation narrative is gaining steam. Investors are tactically reallocating, and ETH's relative strength is impossible to ignore. Strategically, all eyes are on: Whether ETH can outmuscle BTC in this leg of the cycle. Tactical tilt in play as capital rotates Roughly a week ago, Ethereum's breakout from $1,800 hit a wall. As price wicked into $2,597, AMBCrypto flagged a sharp long liquidity sweep, with 300,000 ETH dumped into strength. But the rejection wasn't a reversal — it was a reset. On the 8th of May, Bitcoin Dominance [BTC.D] tapped out at 65.34% before rolling over, dropping 3% in the days that followed. Meanwhile, Ethereum Dominance [ETH.D] surged 3%, tagging 9.75% — a clean divergence. Source: TradingView (BTC.D) The result? ETH bulldozed through the $2,600 supply wall and flipped the level with conviction. In short, it was a textbook case of strategic rotation in motion. With over 60%+ ROI in just weeks, Ethereum is delivering asymmetric upside. Consequently, investors are rotating aggressively to capture it. Read More XRP sees notable capital inflow but can the bulls break $0.55? Ethereum front-runs resistance as Bitcoin holds back Beyond rotational capital, even smart money is capitalizing on Ethereum's momentum. Abraxas Capital, a heavyweight in the game, has been loading up: 242,652 ETH added to the bags over the past week, totaling a massive $561 million. That pegs their average entry at approximately $2,312. Clearly, a well-calculated strike well below the current spot, putting them on a sizable $76 million+ in unrealized gains. So, with smart capital and solid bid support aligning , ETH's primed to break $3k and potentially front-run BTC's stubborn $106k resistance. But keep an eye out. This rotational dance can flip on a dime. The ETH/BTC SOPR has flipped above 1 for the first time since the 5th of January. Hence, signaling fresh profit-taking on the ETH-BTC pair. Source: Glassnode Back then, that signal unleashed an 8.3% bearish engulfing candle on ETH, triggering a textbook long liquidity sweep that shook out weak hands and ignited cascading stops. Bottom line? The battle for crypto dominance is heating up, and Ethereum is dominating — for now.
