Speculation is rising that the altcoin market may rally sooner than anticipated, possibly ahead of 2025. ChangeNOW, a platform for exchanging cryptocurrencies without registration, reports increased transaction volumes for coins like Bitcoin and Ethereum. This service is favored by savvy investors and large holders concerned about fund safety. The growing activity suggests investors are accumulating, hinting at potential future growth in these coins.
Bitcoin’s Price Climbs Amid Bearish Technical Signals
Source: ChangeNOW
Bitcoin’s price has retreated to $91,669 after breaking the all-time high above $99,000. Over the past month, it gained more than 39%. Despite this growth, technical indicators show a bearish influence. The Relative Strength Index is at 39, and the MACD level is negative, suggesting downward momentum. The 10-day Simple Moving Average is below the 100-day average ($94,116 compared to $97,034), indicating a potential downtrend. Support is around $85,000, and resistance is near $105,000.
While the price has increased, these signals point to possible challenges ahead. Bitcoin can be traded on ChangeNOW that requires no registration and charges no hidden fees.
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Ethereum’s Upward Momentum Signals Potential for Continued Growth
Source: ChangeNOW
Ethereum is currently trading between $3325 and $3566, showing a 1-week price increase of nearly 5% and a substantial 1-month rise of over 35%. The Relative Strength Index (RSI) stands at 39.47, indicating that the cryptocurrency is approaching oversold conditions. The nearest resistance level is at $3770, with a second at $4242. Breaking through these could lead to significant gains, potentially exceeding a 20% increase from current prices. The 10-day and 100-day Simple Moving Averages are both just above $3400, suggesting steady upward momentum. Market indicators point toward bullish influence, hinting at the possibility of Ethereum reaching new heights in the near future.
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Conclusion
In summary, Bitcoin, Ethereum, and other altcoins offer unique opportunities for investors and traders, each with their own growth potential. For those interested in investing in these cryptocurrencies, ChangeNOW provides an excellent platform for transactions. It enables users to exchange, buy, or sell coins without hidden fees and without requiring registration, enhancing security by not storing user funds. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW offers a seamless and secure experience for all crypto enthusiasts.
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