crypto rise Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-rise/ Btc, Coins, Pre-Sale, DeFi, NFT Thu, 30 Jan 2025 11:44:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png crypto rise Archives - Coin Engineer https://coinengineer.net/blog/tag/crypto-rise/ 32 32 ALPHA at a Critical Level for a Breakout! Will it Break the Resistance? https://coinengineer.net/blog/alpha-at-a-critical-level-for-a-breakout-will-it-break-the-resistance/ https://coinengineer.net/blog/alpha-at-a-critical-level-for-a-breakout-will-it-break-the-resistance/#respond Thu, 30 Jan 2025 13:30:30 +0000 https://coinengineer.net/blog/?p=35779 Recently, Alpha (ALPHA) has managed to break its downtrend, but it’s currently showing low-volume movement. This creates uncertainty about the direction of a potential breakout. ALPHA‘s key levels will provide important clues to determine the direction of its price movement. Key Resistance and Support Levels The $0.065 level stands out as the most critical resistance

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]]> Recently, Alpha (ALPHA) has managed to break its downtrend, but it’s currently showing low-volume movement. This creates uncertainty about the direction of a potential breakout. ALPHA‘s key levels will provide important clues to determine the direction of its price movement.

Key Resistance and Support Levels

The $0.065 level stands out as the most critical resistance point for ALPHA at the moment. If ALPHA manages to break this level, a rapid rise towards $0.073 could occur. This level could create significant momentum for ALPHA, allowing buyers to take control.

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On the other hand, if the market comes under selling pressure, the important support level at $0.058 will come into play. If this level is lost, the risk of a decline to lower levels increases. Especially, if $0.058 is broken, any 4-hour closing below this level could deepen the downward movement and lead to further price declines.

Market Outlook and Expectations

Alpha (ALPHA) is currently showing low-volume movement, which makes it difficult to determine its direction. However, breaking the $0.065 resistance could mark the start of a new upward trend. Investors should closely monitor whether ALPHA can break this level with increasing volume. If the rise happens with higher volume, it is expected that the price will quickly reach the $0.073 level.

On the other hand, if the market falls under selling pressure, the $0.058 support will be a critical test. A break below this level could open the door to further declines, potentially leading to a deeper price drop.

Although Alpha (ALPHA) has broken its downtrend, its low-volume movement is making investors cautious. If the $0.065 resistance is surpassed, a strong rise towards $0.073 could be seen, but if the $0.058 support is lost, declines may accelerate. Therefore, investors need to closely track ALPHA‘s volume movements and broader market developments.

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]]> https://coinengineer.net/blog/alpha-at-a-critical-level-for-a-breakout-will-it-break-the-resistance/feed/ 0 Crypto Bulls Face Second Major Liquidation Day in October https://coinengineer.net/blog/crypto-bulls-face-second-major-liquidation-day-in-october/ https://coinengineer.net/blog/crypto-bulls-face-second-major-liquidation-day-in-october/#respond Thu, 24 Oct 2024 14:30:41 +0000 https://coinengineer.net/blog/?p=31360 Investors expecting a bullish rally in the crypto market experienced their second-largest liquidation day in October. The sharp declines in Bitcoin and Ethereum have increased total crypto liquidations. On October 23, a total of $261 million was liquidated in the crypto market, $203.5 million of which came from long positions. This liquidation was recorded as

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]]> Investors expecting a bullish rally in the crypto market experienced their second-largest liquidation day in October. The sharp declines in Bitcoin and Ethereum have increased total crypto liquidations. On October 23, a total of $261 million was liquidated in the crypto market, $203.5 million of which came from long positions. This liquidation was recorded as the second-largest liquidation after the $450.8 million liquidation at the beginning of October.

Ethereum, in particular, suffered the biggest loss. $77 million worth of Ethereum long positions were liquidated, while $58.3 million worth of Bitcoin liquidated. Ethereum fell 1.7% in 24 hours to $2,552. Bitcoin, on the other hand, reached a three-month high approaching $70,000 on October 21, but fell to $65,500 on October 23 before recovering to $67,386.

The biggest reason behind the liquidations was that the positions opened by investors expecting Bitcoin to continue to rise were reversed with the decline in the market. Ethereum’s high transaction fees reduced demand by reducing on-chain activity, which negatively affected investor confidence.

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However, Bitcoin’s volatile course did not deter institutional investors. US-based spot Bitcoin exchange-traded funds (ETFs) saw a total net inflow of $198.5 million on October 23.

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