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Bitcoin Forecast Signals $180K Potential Per Mayer Multiple Metric

Right now, Bitcoin (BTC) is trading slightly lower than its ATH of $126,080 at , however, a forecast suggests that it is far from being overheated. According to the Mayer Multiple, an on-chain metric that compares BTC’s price to its 200-week moving average, the current reading is just 1.16, which is well below the 2.4 … Read more

Cardano price set to crash as key DeFi metric plunges 45%

Cardano price continued rising on Friday, Sept. 12, coinciding with the ongoing crypto market comeback. Summary Cardano price has formed a rising wedge pattern on the daily chart. It has also formed a bearish divergence pattern. The total value locked in the DeFi ecosystem has plunged by 45% since December. Cardano (ADA) token rose to … Read more

CRO price signals rebound as key Cronos stablecoin metric hits ATH

CRO price could be ripe for a strong bullish breakout after forming a highly bullish hammer candle and as its stablecoin growth accelerates. Cronos (CRO) token jumped to $0.28, up 11.6% from its lowest level this week and 260% above the year-to-date low of $0.08. The main reason for the recent surge was the recent … Read more

XLM price nears breakout as key metric nears 100m milestone

Stellar Lumens is on a tear, nearly doubling in value since July as record network activity and an upcoming protocol upgrade fuel hopes for further gains above $0.70. Summary Stellar price is approaching a bear market after falling by 17% from the year-to-date high. XLM has formed a bullish pennant pattern, pointing to more gains. … Read more

AVAX price on the cusp of a breakout as key metric surges 715%

AVAX price remained in a horizontal channel this week as Bitcoin and most altcoins jumped and then dived. Summary AVAX price has formed the bullish double-bottom pattern. The adjusted stablecoin volume jumped by 715% in the last 30 days. Avalanche’s DEX volume has been trending upward. Avalanche (AVAX) was trading at $23.78 on Friday, Aug.15, … Read more

Hedera flashes bullish pattern, key metric attempts HBAR rebound

Hedera Hashgraph is enjoying a rally, fueled by a perfect storm of bullish technical patterns and on-chain recovery signs — from a double bottom and golden cross to rebounding stablecoin supply and surging DeFi activity — setting the stage for a potential run toward January’s highs. Summary HBAR price has formed a golden cross pattern … Read more

Amazon’s Prime Day recap missing usual key metric

Every year, Amazon holds a “record” Prime Day, and every year the company boasts about the performance of the annual sales event in a press release. The self-congratulatory announcement isn’t exactly absurd—given its size, any year-over-year growth is noteworthy. Last year, while Amazon didn’t disclose the total number of items sold, it did note that … Read more

Polygon flips Ethereum in key metric: POL price eyes breakout

Polygon price has been in a free fall this year and is approaching its year-to-date low. Polygon (POL) dropped to a low of $0.1800 on Friday, July 4, down over 76% from its highest point this year. This decline has erased more than $4 billion in value, with its market cap falling from nearly $6 … Read more

HBAR price at risk as key Hedera Hashgraph metric crashes 82%

Hedera Hashgraph token crashed and formed a death cross pattern, signaling more downside in the near term. Hedera Hashgraph (HBAR) price tumbled to a low of $0.1450, its lowest level since April 9, and 35% below its highest level in May. The drop came despite a major ecosystem development. In a recent statement, AUDC, an … Read more

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