Latest news with #MACD
Yahoo
a day ago
- Business
- Yahoo
Ethereum Price Prediction - What could affect ETH''s future price?
Ethereum price prediction reflects a balance of bullish technical momentum, upcoming protocol upgrades, and regulatory tailwinds, though the asset must overcome key resistance levels and mounting competitive pressures to maintain its growth trajectory. - Pectra upgrade boosts scalability and staking efficiency - $2,700–$2,800 resistance pivotal for next bullish leg - CLARITY Act progress could reduce regulatory uncertainty - Institutional inflows via ETFs remain volatile The Pectra upgrade (activated May 2025) introduced critical improvements:- EIP-7251: Raised validator staking cap to 2,048 ETH, streamlining operations for institutions- EIP-7702: Enabled smart contract-like functionality for standard wallets, improving user experience- EIP-7691: Doubled blob capacity for L2s, reducing fees by ~40% post-upgrade These changes have already driven a 20% increase in Total Value Locked (TVL) to $61.8B and improved network efficiency metrics. ETH faces a decisive battle at $2,700–$2,800:- Bullish: Ascending triangle pattern suggests breakout to $3,200–$3,300 if resistance breaks- Bearish: Failure to hold $2,465 support could trigger correction to $2,100–$2,200- Indicators: RSI (65) shows room for upside, but MACD histogram remains negative (-18.71) The 200-day EMA at $2,694 and Fibonacci 0.618 level ($2,966) are key technical markers. CLARITY Act: Bipartisan bill clarifying SEC/CFTC roles may reduce regulatory friction for ETH-based products MiCA Compliance: Santander's Openbank launching EU crypto services could drive institutional adoption ETF Dynamics: Spot ETH ETFs saw $435M inflows in May but average holders remain 21% underwater, creating sell pressure risk Ethereum price prediction hinges on the asset's ability to turn key technical resistance into support, while leveraging protocol upgrades and improving regulatory clarity. The $2,700–$2,800 zone is pivotal this week—a confirmed breakout could support bullish targets, whereas a rejection may signal continued consolidation. Will Ethereum's developer momentum outpace Solana's user growth in the L1 race? Ethereum price prediction for mid-2025 leans cautiously bullish, supported by institutional adoption and strong technical resilience. However, recent market volatility and evolving regulatory shifts continue to moderate investor optimism. - Bullish catalysts: Arthur Hayes' $5K prediction, ETF inflows, and Santander's crypto expansion. - Bearish pressures: $750B liquidations, ETH ETF investors' -21% unrealized losses, and macro uncertainty. - Critical levels: $2,700 resistance seen as make-or-break for near-term momentum. Traders and institutions are split:- Optimists highlight Ethereum's 45% 30-day price surge (to $2,629) and nine straight days of ETF inflows ($435.6M since May 16). Arthur Hayes' $5,000 forecast and Banco Santander's stablecoin plans fuel confidence in ETH's utility.- Skeptics note $660M long liquidations (May 30) and ETH spot ETF holders' average cost basis at $3,300–$3,500, creating sell-pressure risks. Regulatory clarity: The bipartisan CLARITY Act could streamline SEC/CFTC roles, potentially boosting ETH's institutional appeal. Technical thresholds: Repeated $2,700 rejections (May 29–30) contrast with bullish chart patterns mirroring early 2024's breakout setup. Macro risks: U.S. GDP contraction and PCE inflation data (May 30) heightened volatility, with ETH dipping -4.55% in 24 hours. Arthur Hayes (ex-BitMEX CEO): Calls ETH 'the most despised L1,' predicting $4K–$5K in 2025 via contrarian positioning. Fidelity analysts: Flag ETH's MVRV Z-Score (-0.18) as undervalued, though warn of 2022-like extended declines. Glassnode: Spotlights ETH ETF investors' $2.94B inflows since July 2024 but warns of 'substantial underwater' positions. Ethereum price prediction hinges on whether institutional tailwinds can outweigh technical and macroeconomic headwinds. A sustained close above $2,700 would confirm bullish momentum. What's next: Can Ethereum decouple from Bitcoin's dominance (63.07%) if the CLARITY Act passes? To get the latest update on Eth, visit our Ethereum currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Sign in to access your portfolio
Yahoo
a day ago
- Business
- Yahoo
BNB Price Prediction - What could affect BNB's future price?
BNB price prediction indicates potential volatility influenced by ecosystem upgrades, ETF prospects, and supply factors, supporting a cautiously bullish mid-term outlook. - Auto-burn mechanism targeting 100M supply by 2028 - VanEck's BNB ETF filing pending SEC approval - Technical consolidation near key Fibonacci resistance ($669.61) Auto-Burn Mechanism: BNB's deflationary model aims to reduce total supply to 100M (from ~142M today) via quarterly burns. The latest burn destroyed 1.94M BNB (~$1.17B), tightening supply. Maxwell Hardfork: Testnet launch on May 26, 2025, reduces block time to 0.75s, improving transaction speed. Mainnet activation by June 30 could boost DeFi/gaming adoption. BNB Vault & Staking: 30% YoY growth in staking (6.2% yield) and new yield products like slisBNB incentivize holding, reducing liquid supply. ETF Momentum: VanEck's spot BNB ETF proposal (filed May 6, 2025) could mirror Bitcoin ETF inflows if approved. Standard Chartered predicts $2,775 by 2028, citing institutionalization. SEC Lawsuit Dismissal: The SEC dropped its 2023 case against Binance on May 29, 2025, removing a regulatory overhang. However, broader crypto policy shifts under Chair Paul Atkins remain a wildcard. BNB Chain Adoption: 5,600+ DApps and $3.6B TVL anchor utility, but rivals like Solana (28% DEX market share vs. BNB's 19%) threaten growth. Key Levels: Immediate resistance at $669.61 (23.6% Fibonacci retracement). A breakout could target $726 (127.2% extension), while failure risks a drop to $640 support. Momentum: MACD histogram (0.384) and RSI (55-59) signal neutral-bullish bias. However, declining Open Interest (-7.9% weekly) hints at cautious derivatives traders. BNB's price hinges on balancing deflationary tokenomics against competitive pressures and ETF regulatory outcomes. Watch for a decisive break above $670 or a breakdown below $640 to gauge trend direction. Could BNB's regulatory clarity post-SEC lawsuit give it an edge over ETH/SOL in the next altseason? BNB price prediction reflects a cautiously bullish mid-term outlook (30d +11%) amid mixed short-term sentiment, as traders focus on $687-$690 resistance and $640-$650 support. - Institutional interest grows via ETF filings and BNB Chain partnerships - Technical divide between breakout hopes ($700+) and bearish structure warnings ($630s) - Network activity surges (+13% addresses, +14% TXs) as meme/DeFi use cases expand Traders are split between:- Bulls citing VanEck's ETF filing, BNB Chain's 13.95M daily transactions, and the SEC lawsuit dismissal - Bears highlighting failed $690 tests (May 27) and whale short positions The Crypto Fear & Greed Index at 61 (Greed) suggests optimism, though down from 76 last week. Technical Levels:- $687-$690: Multi-week resistance where 4.2M BNB sits in ask orders- $640-$650: Critical support zone with 1.8M BNB bid liquidity Institutional Moves:- VanEck's ETF proposal (May 6) could unlock $2B+ inflows if approved- BNB Wallet's $5.9B daily volume shows retail adoption Regulatory Shift:- SEC dropping charges (May 29) removes legal overhang- Trump administration's crypto-friendly policies buoy sentiment Dovey Wan (Crypto Researcher): 'BNB Wallet's growth creates flywheel effect via staking demands' Standard Chartered: $2,775 price target by 2028 Binance CEO Richard Teng: 'Dismissed lawsuit validates our compliance path' BNB's trajectory hinges on ETF progress and holding $640-$650 amid macro uncertainty. With chain activity offsetting whale shorts and regulation improving, the mid-term setup favors accumulation. Will VanEck's ETF approval become the catalyst for a $700+ breakout? To get the latest update on BNB, visit our BNB currency page. Content created: 30th May 2025 Disclaimer: Content generated by CMC AI. CMC AI can make mistakes, please DYOR. Not financial advice. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Mint
a day ago
- Business
- Mint
Closing Bell! Eternal to IndusInd Bank - Prashanth Tapse suggests 3 stocks to buy in the short term
Stock market today: Indian benchmark indices dipped on Friday, as declines in information technology stocks, influenced by renewed uncertainty regarding US tariffs, overshadowed the optimism ahead of domestic growth data set to be released later in the day. The Nifty 50 fell by 0.34% to 24,743.45 at 15:02 IST, while the Sensex decreased by 0.27% to 81,391.38. IT firms, which obtain a significant portion of their revenue from the United States, declined by 1% after an appeals court temporarily reinstated the most extensive tariffs imposed by President Donald Trump. On the technical front, Prashanth Tapse of Mehta Equities believes that if Nifty 50 moves above 25,000 with good momentum, we could witness gains in the upcoming trading sessions. Tapse has recommended buying the below three stocks in the short term. Nifty 50 continues to look positive after closing above the 24,800 level. The index has strong support at 24,700, and as long as this holds, the uptrend is likely to continue. On the upside, 24,900 and 25,000 are important resistance levels. If Nifty 50 moves above 25,000 with good momentum, we may see further gains in the coming sessions. Resistance: 24,900 – 25,000 Bank Nifty is moving sideways but shows slight bullishness. It has a solid support level near 55,000. On the higher side, 55,550 and 55,875 are key resistance levels. A close above 55,875 could start a fresh upward move, but until then, the index may stay in a range with buying opportunities on dips. Resistance: 55,550 – 55,875 Prashanth Tapse recommends buying these three stocks in the short term - Eternal Ltd, Central Depository Services Ltd (CDSL), and IndusInd Bank Ltd. Eternal share price has been consolidating in a narrow range and has now shown signs of a breakout above ₹ 230, indicating a potential short-term rally. The RSI (14) is rising, reflecting increasing bullish momentum, while the MACD is about to trigger a positive crossover, supporting the upward trend. The price action suggests accumulation at lower levels, and any dip towards ₹ 225–228 should attract buying interest. A move above ₹ 235 can lead to a swift rally toward ₹ 250. The risk-reward remains favourable with a stop loss placed at ₹ 222. Overall sentiment and technicals support a near-term bullish outlook. CDSL share price has shown strong price strength after rebounding from support at ₹ 1,490, backed by a noticeable rise in volumes. The breakout above ₹ 1,530 indicates bullish continuation. RSI (14) at 64 reflects positive momentum, while MACD crossover confirms the ongoing uptrend. As a key player in the booming depository and fintech space, CDSL stands to benefit from rising investor participation. The technical structure points toward a potential move to ₹ 1,650 in the short term. Any intraday dip toward ₹ 1,520–1,530 can offer a buying opportunity. Maintain a stop loss at ₹ 1,495 for risk management. IndusInd Bank share price has bounced back smartly from the ₹ 795 support zone, indicating strong buying interest at lower levels. The stock has reclaimed its short-term moving averages and is showing signs of bullish reversal. RSI (14) has crossed 60, and MACD has turned positive, both suggesting further upside. With Bank Nifty trending higher, IndusInd is well-placed to participate in the rally. The next hurdle lies around ₹ 835, above which a move toward ₹ 870 appears likely. Strong fundamentals, improved asset quality, and positive sentiment in the sector support this view. Keep a stop loss at ₹ 795 to limit downside risk. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Time of India
a day ago
- Business
- Time of India
Reliance Power shares jump 16% to hit fresh 52-week high amid high volume
Reliance Power shares have been on a steady uptrend since the Q4 results, where the company reported a turnaround to profit from a year-ago loss. Reliance Power's shares surged nearly 16% to a 52-week high of Rs 60.5, fueled by robust trading volumes. The stock has delivered multibagger returns, rallying 139% in the past year. The company reported a consolidated net profit of Rs 126 crore for Q4 FY25, reversing a previous loss, and a full-year profit of Rs 2,947.83 crore. Tired of too many ads? Remove Ads Reliance Power Q4 earnings Tired of too many ads? Remove Ads Reliance Power shares technical indicators Shares of Reliance Power jumped nearly 16% to a fresh 52-week high of Rs 60.5 on Friday, driven by strong trading volumes on the NSE. Around 41.81 lakh shares worth Rs 2,393.4 crore changed hands during the 2.11 p.m., the stock was trading 13.8% higher at Rs 59.4. Reliance Power also delivered multibagger returns to its investors, as the stock has rallied nearly 139% in the past 12 months. It has also jumped over 356% in the last two years and gained 2,900% in the past five years. Reliance Power has a market cap of Rs 23,728 to the latest shareholding pattern, as of 7 May 2025, 24.98% of the company's shareholding is with the promoters, 12.87% with FIIs, 0.37% with Mutual Funds, and 16.1% with the the January–March quarter of FY25, Reliance Power posted a consolidated net profit of Rs 126 crore, reversing a loss of Rs 397.56 crore in the same period last year. The turnaround was mainly driven by a sharp drop in income declined to Rs 2,066 crore from Rs 2,193.85 crore a year ago, but expenses fell sharply to Rs 1,998.49 crore from Rs 2,615.15 the full fiscal year, the company reported a consolidated net profit of Rs 2,947.83 crore, compared to a loss of Rs 2,068.38 crore in Power completed debt servicing of Rs 5,338 crore over the past 12 months, including maturity repayments. This helped reduce its debt-to-equity ratio to 0.88:1 in FY25 from 1.61:1 in stock's Relative Strength Index (RSI) stands at 69.5, just below the overbought threshold of 70. The MACD is at 2.0 and remains above both the centre and signal line, indicating bullish Power shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
2 days ago
- Business
- Time of India
Gold price prediction today: What's the gold rate outlook for May 30, 2025 - should you buy or sell?
Gold price prediction: The precious metal, which closed at ₹96500 levels, is likely to face immediate selling pressure as global cues turn negative. (AI image) Gold price prediction today: Gold rate remains below its record peak, leaving investors uncertain about their trading decisions regarding the precious metal. Which price points should investors monitor? Here's the analysis from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities: MCX Gold June 2025 contract is expected to open with a significant gap down following weakness in COMEX gold overnight. The precious metal, which closed at ₹96500 levels, is likely to face immediate selling pressure as global cues turn negative. This presents a strategic opportunity for intraday traders to capitalize on any pullback rallies. Current Technical Setup Previous Close: ₹96500 Expected Opening Range: ₹96100-96200 (gap down of 300-400 points) Key Technical Levels: EMA 8: ₹96350 (now acting as immediate resistance) EMA 21: ₹96100 (potential support turned resistance) RSI: Expected to open below 40 (oversold bounce likely) MACD: Bearish crossover confirmed with negative histogram Bollinger Bands: Price likely to test middle band support Sell-on-Rise Strategy: 96350-96400 Zone Strategic Rationale: The 96350-96400 zone represents a confluence of critical resistance factors: 1. EMA 8 Resistance: The 8-day moving average at 96350 will act as dynamic resistance 2. Gap Fill Resistance: Markets often struggle to fill gaps completely on first attempt 3. Previous Support Turned Resistance: Yesterday's support levels become today's resistance 4. Psychological Level: Round number resistance at 96400 Entry Parameters: Primary Sell Zone: ₹96350-96400 Ideal Entry: ₹96375 (middle of the resistance zone) Stop Loss: ₹96550 (above previous day's high) Target 1: ₹96000 (psychological support) Target 2: ₹95800 (next significant support) Target 3: ₹95550 (extended target for swing traders) Execution Strategy: 1. Wait for Gap Opening: Allow the market to digest the gap down 2. Monitor Recovery Attempt: Look for pullback rally toward resistance zone 3. Entry Confirmation: Bearish reversal candlestick pattern (shooting star, doji, bearish engulfing) RSI showing negative divergence near 50-55 levels Volume declining on the recovery attempt 4. Risk Management: Trail stop loss to breakeven once Target 1 is achieved Market Sentiment Analysis The overnight weakness in COMEX gold reflects: Dollar Strength: DXY showing resilience above key levels Yield Pressure: 10-year Treasury yields rising, reducing gold's appeal Risk Appetite: Improving equity markets reducing safe-haven demand Technical Breakdown: Key support levels breached in international markets Risk Factors to Monitor Geopolitical Developments: Any sudden safe-haven demand Dollar Reversal: Unexpected USD weakness Economic Data: US economic releases affecting gold sentiment COMEX Recovery: Any sharp recovery in international gold prices Alternative Scenario If gold manages to close the gap and sustain above ₹96500, it would negate the bearish thesis. In such case, traders should: Exit short positions immediately Reassess the technical picture Wait for fresh setup Conclusion The expected gap down in MCX gold creates an ideal setup for sell-on-rise strategy. The 96350-96400 resistance zone offers a favorable risk-reward ratio for intraday traders. However, strict adherence to stop losses is crucial given the volatile nature of precious metals. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
