Chain News Today TheBitTimes.com

Bitcoin’s (BTC) recent rally and new all-time high beyond $126,000 are starting to show signs of overheating on Thursday, October 9, as the daily technical picture flashes historically fairly reliable indicators of a coming correction.  Namely, the Tom DeMark (TD) Sequential, which identifies potential reversals by counting consecutive price bars, rose to 9 on the cryptocurrency’s 24-hour chart.  This parameter, as on-chain crypto analyst Ali Martinez notes, has been quite accurate this year, as the same value presaged a 7% pullback in July and a 13% drop in August. What’s more, Martinez’s Analysis further suggests that the relative strength index (RSI) of 74.21 is likewise implying that “digital gold” is in the overbought zone. At the same time, the +100 reading on the Chande Momentum Oscillator (CMO), a market momentum measurement that oscillates between -100 and +100 and often peaks just before market reversals, adds further support to the argument. ...

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Toncoin’s (TON) price has faced a substantial price drop over the last year. According to CoinGecko data, TON’s price has fallen by more than 40% since September 2024 and 62.5% since its all-time high of $8.25, which it attained in June of last year. TON is currently down by 0.7% in the daily charts, 1.1% in the weekly charts, 2.4% in the 14-day charts, and 7.8% over the previous month. Let’s discuss if you should worry about TON’s dwindling price. Source: CoinGecko What’s Behind Toncoin’s Massive Price Drop? Source: Asia Crypto Toncoin (TON) climbed to a peak of $8.25 in June of last year amid a bullish market sentiment. The asset has lost substantial steam over the last few months. TON’s lackluster performance could be due to the general bearishness that loomed over the crypto market over the last few months. Some crypto assets, such as Bitcoin (BTC), Ethereum (ETH), BNB, and XRP, climbed to new all-time highs earlier this year. However, other...

VeChain’s (VET) price seems to be recovering from the recent market dip. According to CoinGecko data, VET’s price has gained 4.1% in the last 24 hours, 7.6% in the weekly charts, 2% over the previous month, and 9.2% since August 2024. Despite the rally, VET is still down by 1.4% in the 14-day charts. Source: CoinGecko VeChain Price Predicted To Hit $0.03 VET may continue to surge over the coming days before facing a consolidation. According to CoinCodex VeChain statistics, VET will hit $0.032326 on Oct. 22. The platform anticipates the asset to face a slight correction soon after hitting the $0.03 mark. Hitting $0.032326 from current price levels will entail a rally of about 25.44%. Source: CoinCodex VeChain’s (VET) latest price rally is likely due to a market-wide resurgence. Bitcoin (BTC) has reclaimed the $112,000 mark after briefly falling below $110,000. BTC’s rebound may have boosted investor sentiment. VeChain’s (VET) price rally may have been pushed...

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Prediction markets show 38% of traders betting on Ethereum (ETH) reaching $4,000 by the end of July, making it the most probable outcome according to data from Polymarket as of July 29.  Higher price targets attract considerably less conviction from traders. Ethereum hitting $4,200 draws only 8% probability, while the $4,500 level commands just 2% confidence from market participants. Meanwhile, more severe downside scenarios show minimal support. The odds of Ethereum falling to $2,200 or $2,100 both register at less than 1%, suggesting traders don’t anticipate a major correction despite the bearish lean toward lower price levels. ETH price prediction for the end of July 2025. Source: Polymarket Ethereum price analysis  At press time, Ethereum was trading at $3,854, down 0.82% in the past 24 hours, but up 4.11% over the last week.  ETH weekly chart. Source: Finbold According to one cryptocurrency analyst, as reported by Finbold earl...

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