Ethereum Forms Bullish Pattern But This Level Is Crucial

Ethereum extended decline and tested the $1,920 support against the US Dollar. ETH is rising and might revisit the key $2,085 resistance zone. Ethereum remained stable above the key $1,920 support zone. The price is now trading above $2,000 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,980 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further, but the $2,085 zone presents a major hurdle. Ethereum Price Recovers Above $2K Ethereum extended…

Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish

Avalanche (AVAX) price is down more than 30% in April, but despite the negative price move, the smart contract platform remains a top contender for decentralized applications due to its scalability, low-cost transactions and its large footprint in the decentralized finance (DeFi) landscape. AVAX token/USD at FTX. Source: TradingView The network is compatible with the Ethereum Virtual Machine (EVM) and unique in that it does not face the same operational bottlenecks of high transaction fees and network congestion. Avalanche was able to amass over $9 billion in total value locked…

Here’s why the growth of token staking could be bullish for Lido (LDO)

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer.  As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is one of the main staking protocols for several popular tokens and it allows token holders to earn an extra yield by putting their staked assets to work in decentralized finance (DeFi). LDO/USDT 4-hour chart. Source:…

Time to get bullish on Web3 Marketing tools!

The rise of word-of-mouth based marketing is apparent as more brands are keen on finding solutions that empower their real product fans, who are the most organic marketers. WOM Protocol, a Web3 martech solution that gives creators, brands, publishers and social networks a way to monetize word-of-mouth recommendations, announced the release of a dedicated BULLZ video Telegram bot. The Telegram bot is specifically targeting Web3 projects that want to grow a vibrant community, empowering their early fans to instantly upload supportive recommendation videos. The bot can be integrated in any…

Here’s why Chiliz (CHZ) multi-team NFL partnership and Web3 expansion plan could be bullish

One of the biggest challenges cryptocurrency projects face is finding the right type of real-world integration and a use case that can spark a new waves of adoption. Integrating blockchain and cryptocurrency with professional sports has been the expected “next wave” for some time and Chiliz (CHZ), a protocol focused on creating a fan engagement platform for various sports leagues, made headlines for its new developments this week. Data from Cointelegraph Markets Pro and TradingView shows that the price of CHZ has increased 69% from its 2022 low of $0.144…

Indicators flash bullish on COTI ahead of its mainnet and Djed stablecoin launch

Development never stops in the fast-paced and competitive crypto sector and COTI is one project that is flashing some bullish signs.  VORTECS™ charts from Cointelegraph Markets Pro show that COTI, an enterprise-grade financial technology platform focused on decentralized payments and digitization for any form of currency, could be on the verge of a breakout. The indicator began to detect a bullish outlook for COTI after the metric hit a high of 89 on April 13. VORTECS™ Score (green) vs. COTI price. Source: Cointelegraph Markets Pro Three reasons for the improving outlook for…

Kava turns bullish as Ethereum Co-Chain launch initiates push toward EVM compatibility

Protocols in the Cosmos ecosystem have seen a significant amount of growth in 2022 due to the intensifying focus on blockchain interoperability and compatibility with the Ethereum network.  One protocol that has seen a buildup in momentum since the middle of March is Kava, a project that is developing a co-chain architecture for the Cosmos and Ethereum network. Data from Cointelegraph Markets Pro and TradingView shows that the price of Kava’s native token KAVA has climbed 72.3% after hitting a low of $2.92 on March 13 to establish a daily high…

Ethereum Turns Bullish In The Long Term

Ethereum continues on its upward journey although not without its fair share of bumps along the way. Nevertheless, the digital asset still remains one of the most promising in the crypto space and has demonstrated that with its recent recovery. But even after successfully landing above $3,000, the cryptocurrency still remains a long way from its all-time high of almost $5,000. However, the long-term indicators paint a favorable picture for Ethereum. Beating Moving Averages For the longest time following the December crash, the price of Ethereum had traded below important…

Cardano Turns Bullish In The Short-Term, But Is That All?

Cardano (ADA) has seen the bulls finally reclaim control after a long stretch in the bear territory. This is a welcome change for the digital asset which remains one of the largest cryptocurrencies and widely used networks. However, after properly cementing its position in this bullish level for the short term, the question still remains on how the digital asset is looking towards the long term. ADA Bullish For The Short Term The price of Cardano (ADA) successfully broke above $1.2, which puts it on a bullish path for the…