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Tag: Ema

  • Solana At A Crossroads: This Key Indicator Holds The Key To $175 Or $220

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    Solana is once again at a pivotal crossroads, with its price hovering around the 50-day EMA —a level that could dictate its next major move. A decisive break above $220 could ignite fresh bullish momentum, while failure to hold could open the door for a slide back toward $175.

    SOL Tests 50-Day EMA As Market Watches Closely

    Lark Davis, a widely followed crypto analyst on X, recently noted that Solana has returned to test its 50-day EMA. This moving average has historically provided both support and resistance for SOL, making the latest retest a key moment for traders watching the coin’s short-term direction.

    In addition, Davis highlighted signs of improving momentum on the indicators. The MACD histograms are curving upward, hinting at a potential shift in momentum from bearish to bullish, while the RSI is slowly rising, suggesting that buying pressure may be building. These developments signal that Solana is preparing for a recovery phase if buyers step in with stronger conviction.

    Despite these encouraging signals, Davis noted that trading volumes remain muted. Low volume often raises concerns about the strength behind a move, as rallies without significant participation can fade quickly. 

    What To Watch For As Solana Builds Strength

    Analyzing the potential outlook for Solana, Lark Davis highlighted two distinct, high-stakes scenarios based on how the asset interacts with the 50-day Exponential Moving Average (EMA). This EMA acts as a pivotal line, and the price’s reaction here will determine the direction of the short-term trend.

    The first potential outcome is that if the price is decisively rejected at the 50-day EMA, known as a bearish retest, it would signal weakness and likely lead to a move downward. In this case, the analyst targets the $175 support level as the expected floor. While he qualifies shorting as “nasty business,” he suggests it could be done in this specific situation.

    The second outcome, which is a bullish scenario, requires a strong display of conviction from buyers. This involves a successful and robust reclaim of the 50-day EMA, specifically confirmed by today’s daily candle closing above $210. To further solidify this bullish case, the price ideally needs to push beyond the subsequent resistance at the 20-day EMA, which sits near $220.

    Given the immediate threat and the potential for a swift upside move, the analyst suggests a high-risk, high-reward play. Initiating a long position from the current price, near $209, with a tight stop-loss might be a sensible strategy to catch the bullish scenario and capitalize on the quick momentum if the price successfully reclaims the 50-day EMA.

    Solana

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    Godspower Owie

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  • Ethereum Price Will Still Climb Above $5,000 As Long As It Holds This Level

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    The Ethereum price has spent the past weeks stuck in a wide consolidation zone, testing bullish momentum as analysts anticipate its next big breakout. One market expert has highlighted a critical level for ETH, suggesting that as long as the second-largest cryptocurrency can hold above this level, its path to surpassing the $5,000 milestone remains intact. 

    Ethereum Price Faces Critical Level At $4,400

    According to market expert Daan Crypto Trades on X social media, Ethereum’s recent price action has been choppy following two slow weeks of trading. The analyst’s chart shows that ETH has oscillated between $4,100 and $4,800, with several stop hints and liquidity grabs creating false moves on both the bullish and bearish side. 

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    Despite these fluctuations, the $4,400 zone, which sits around the 200-day Moving Average (MA) on the 4-hour chart, continues to act as the key support level that stands between ETH and the $5,000 milestone. Daan Crypto Trades noted that this critical support is not just technical but also aligns with strong accumulation levels

    Source: Chart from Daan Crypto Trades on X

    The analyst highlighted that Bitmine Immersion Technologies, Inc. (BMNR) has been steadily adding to positions, though at a slightly lower pace as Net Asset Value (NAV) flows ease. This shows that as long as Ethereum can maintain its price above the $4,400 support level, buyers may remain in control. The chart clearly illustrates this battle for support. ETH’s dips below $4,500 have so far been short-lived, with price consistently bouncing back into the consolidation range. 

    This repeated defense strengthens the case for Ethereum to sustain its momentum and build the foundation for a run above $5,000. For now, patient accumulation within the consolidation zone appears to be the market’s strategy as the cryptocurrency gears up for a potential breakout once broader conditions align. 

    $5,000 Is Only A Matter Of Time

    In a follow-up analysis, Daan Crypto Trades reinforced his bullish view, noting that Ethereum is essentially in a “$5,000 waiting room.” The analyst’s chart highlights this view, showing ETH rebounding strongly after retesting the $4,400 region. With both the 200 MA and 200 EMA on the 4-hour chart acting as underlying support, the cryptocurrency’s structure appears intact despite short-term volatility. 

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    Daan Crypto Trades suggested that while a retest of $4,000 – $4,100 is still possible, the market is unlikely to sustain a breakdown below that zone as long as ETH holds $4,400. In other words, maintaining this critical support could pave the way for new all-time highs. 

    The chart also reflected the market’s resilience, with ETH rejecting the lows and quickly climbing back toward $4,600. Such a rebound often signals that bulls may be preparing for the next leg higher. If the momentum continues, Ethereum retesting its former all-time high of $4,868 and breaking above $5,000 may only be a matter of time.

    Ethereum
    ETH trading at $4,516 on the 1D chart | Source: ETHUSDT on Tradingview.com

    Featured image from Getty Images, chart from Tradingview.com

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    Scott Matherson

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  • Litecoin Clings To Ascending Trendline As Bulls Eye $135 Breakout

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    Litecoin (LTC) is showing strength as it holds onto its ascending trendline, maintaining bullish momentum. After holding above the $112–$115 demand zone, buyers continue to defend key support levels, positioning the market for further upside. With immediate targets around $120–$125, a breakout above this range could clear the path toward the highly anticipated $135 mark.

    Litecoin Technical Alignment Signals Strong Bullish Case

    In a recent X post, Alpha Crypto Signal, a cryptocurrency market analysis group, has noted that LTC is exhibiting a robust and healthy structure, indicating a potential long setup. According to the analysis, LTC is holding strong above its ascending trendline. It is also retesting the $112–$115 demand zone, a price range where buying pressure is expected to be high.

    The crypto analyst’s analysis further emphasizes the importance of key moving averages, noting that LTC is positioned precisely on top of the 9-day Exponential Moving Average (EMA) at $112.68 and just below the 50-day Simple Moving Average (SMA) at $115.25. Both of these moving averages are acting as dynamic support levels, which provide a solid foundation for the cryptocurrency’s price. 

    This confluence of technical factors, as identified by Alpha Crypto Signal, adds significant weight to the bullish case for Litecoin. The horizontal demand block, combined with support from both the EMA and SMA, creates a strong technical picture that suggests the cryptocurrency is well-positioned for a potential price rally

    Key Support At $112 Holds Bullish Bias

    According to Alpha Crypto Signal, the bullish outlook for Litecoin remains intact as long as it holds its position above the $112 mark. This support level is considered a crucial threshold; maintaining it would indicate that the current market structure is favorable for a continued upward trend towards targets of $120–$125.

    Alpha Crypto Signal’s analysis also outlines what a significant breakout could mean for LTC’s price. A decisive move and clean break above the $120–$125 resistance zone could pave the way for a more substantial rally. This would potentially unlock a path toward the next major price target of $135 or even higher, signaling strong momentum for the cryptocurrency.

    However, the crypto expert also specifies the conditions that would invalidate this positive forecast. The bullish long setup would be at risk if LTC were to experience a breakdown below the $110 support level. A drop below this point would not only threaten the current trendline support but would also cast doubt on the overall bullish structure, suggesting a potential shift in momentum to the downside.

    Litecoin

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    Godspower Owie

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  • Lettuce Entertain You Brings Ema to the North Shore

    Lettuce Entertain You Brings Ema to the North Shore

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    Lettuce Entertain You Enterprises has brought its hit Ema to the suburbs hoping the North Shore appreciates chef and partner CJ Jacobson’s menu that mixes California cool with Mediterranean. The concept debuted in River North in 2016 and Lettuce has spun that into a sibling concept called Aba, which begot locations in Fulton Market; Austin, Texas; and Miami.

    The buildout in Glenview is impressive, a radical departure from what most associate with the suburbs, taking a page from notable suburban debuts like RH Oak Brook, which channels the energy from the original in Gold Coast. The new Ema features a skylight and a light and breezy design with a track record in other markets.

    In Glenview, Jacobson hopes to win over the lunch crowd with more salads — the chef says for the first time he’s offering a chopped salad (with ​​arugula, romaine, cauliflower, caper, date, parmesan, olive, red pepper). A Caesar’s salad is made with a tahini-spiked dressing. The restaurant’s staple dips, including hummus with lamb ragu and a South Asian-street-influenced bhel hummus made with tamarind and mint chutney, are also available.

    Jacobson mentions the restaurant’s origins, as LEYE co-founded Rich Melman wanted a Mediterranean restaurant. Jacobson doesn’t possess that family background, saying at first he only knew the cuisine through late-night kebob spots in LA. That’s one of the reasons Ema doesn’t focus on a particular region or country. Jacobson compares how Chinese and Italian cuisine proliferated in America, and how locals interpreted those foods using American ingredients. Jacobson feels foods from the Mediterranean haven’t had the chance to go through those filters, and that’s how he approaches Ema. For example, the lamb & beef kofta comes with a hoisin sauce, drawing from Chinese influences. Since Ema’s conception, Jacobson’s experience has endeared him to the culture and cuisine. He’s traveled to the region and he recounts spending time at a late-night Israeli club known for its hummus. After eight years of research, he says Ema has developed a point of view which is what’s made the brand successful.

    A kebob with sauce

    Lamb & beef kofta.

    pita basket with spinach and feta.

    Pita with spinach and feta spread.

    Jacobson has worked with Lettuce since 2014, when he was one of the chefs at the company’s rotating Intro Chicago restaurant in Lincoln Park. He knows the company isn’t known for short menus. They’re big and feature many items to cater to the pickiest. Jacobson doesn’t necessarily agree with that philosophy and says he constantly worries that customers won’t branch out and try something new.

    “Can we be good at all this stuff?” Jacobson asks rhetorically.

    Lettuce Entertain You is Chicago’s largest restaurant group and the Melman family’s strategy of ensuring the customer is always right has been successful for 53 years. “I kind of get proved wrong time and time again,” Jacobson adds.

    Jacobson ponders his future with Lettuce, saying that he’s due to pitch the Melmans on a new restaurant idea. While he ponders, he reflects on Ema and Aba.

    “Anytime you spend this amount of time with a cuisine, it becomes a part of who you are,” he says.

    Ema Glenview, 1320 Patriot Road in Glenview, lunch is 11:30 to 4 p.m., until 3 p.m. on Saturday and Sunday; dinner is 4 p.m. to 9 p.m. Monday through Thurday, until 10 p.m. on Friday; 3 p.m. to 10 p.m. on Saturday and 3 p.m. to 9 p.m. on Sunday.

    Hamachi on rice cracker with Fresno pepper.

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    Ashok Selvam

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  • Analysts Identify Key Scenario For Bitcoin Hitting $100,000

    Analysts Identify Key Scenario For Bitcoin Hitting $100,000

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    Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded, reaching the $66,000 level, triggering bullish predictions from top crypto analysts regarding the coin’s future path.

    Captain Faibik, a crytocurrency analyst and trader, has emerged with an intriguing prediction, underscoring a narrative that could potentially propel the price of Bitcoin to the coveted $100,000 mark in the upcoming months.

    Bitcoin Poised For A Notable Rally To $100,000 

    According to Captain Faibik, Bitcoin has managed to hold the $60,000 support level in the wake of bullish investors in the market. As a result, the largest crypto asset by market cap is currently making a strong comeback.

    These bullish investors, according to Faibik must reclaim the crucial $72,000 resistance level in order to see a major rally to the $100,000 price level. This scenario acts as a ray of hope for the cryptocurrency community, igniting speculations and influencing projections about Bitcoin’s potential for future growth. Given the anticipated impact of the Bitcoin Halving and bulls, the $72,000 level could be realized in the short term.

    Possible rally to $100,000 | Captain Faibik on X

    The expert previously highlighted that the Bitcoin weekly candle closed above the Exponential Moving Average (EMA) 10, demonstrating that the bulls are still very much in charge of the market. Following the Descending Channel break out in October last year, BTC Bulls has firmly secured the weekly EMA10, prompting the crypto analyst to put his next price target for the digital asset at $100,000.

    Faibik also noted that the daily Relative Strength Index (RSI) for Bitcoin has emerged from a falling wedge pattern. This breakout suggests that a 15% to 20% bullish rally in Bitcoin’s value is on the horizon.

    Meanwhile, in the daily timeframe, a bullish flag formation is underway, and in the event of an upward breakout from the bullish flag, Faibik anticipates a new all-time high for Bitcoin by May.

    Is A $1.5 million Price Level Possible For BTC?

    One of the most bullish predictions for Bitcoin this year came from Ark Invest Chief Executive Officer (CEO) Cathie Wood. The CEO foresees the digital asset to rise by over 2,000% reaching a whopping $1.5 million by 2030.

    During an interview in Hong Kong, Wood reiterated her projections for BTC, which were supported by a thorough investigation that included institution surveys and evaluations of market volatility.

    She stated:

    I have been asked this question from different angles, and our analysis from multiple perspectives indicates that by 2030, Bitcoin could rise to $1.5 million. This price prediction is based on a survey of institutions, using a discount rate and volatility analysis.

    Initially, Wood’s forecast for Bitcoin was estimated at $600,000 in the next six years. However, considering the effect of the Bitcoin Spot Exchange-Traded Funds (ETFs), she now believes the coin has the potential to hit $1.5 million.

    Bitcoin
    BTC trading at $66,567 on the 1D chart | Source: BTCUSDT on Tradingview.com

    Featured image from iStock, chart from Tradingview.com

    Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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    Godspower Owie

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  • OpenAI fires back at Musk, and Monzo raises a megaround | TechCrunch

    OpenAI fires back at Musk, and Monzo raises a megaround | TechCrunch

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    Listen here or wherever you get your podcasts.

    Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

    This is our Wednesday show, focused on startup and venture capital news that matters. If you are a founder or an investor, this one is for you!

    Here’s the day’s rundown:

    • OpenAI fires back at Musk: In the wake of a lawsuit from former backer Elon Musk, OpenAI is bringing receipts and an argument that Musk wanted to run the company’s for-profit arm. Hard to argue against something that you wanted to run, yeah?
    • Monzo raises megaround: Monzo’s latest round is proof that the worst of the fintech slump is behind us.
    • All eyes on Ema: With $25 million and a launch from stealth, Ema’s work to bring AI to the enterprise is notable. But in such a crowded market, are many startups aiming too high on the stack?
    • Accenture buys Udacity: The former unicorn’s final resting place is not what it had dreamed of before, but this deal does bring welcome liquidity to at least one venture-backed startup.
    • A climate boost? An upcoming regulatory choice could unlock a massive wave of demand for carbon-tracking startups.
    • And the latest from OpenView: The Information reports that OpenView is returning most of its latest fund to backers. A weird and slightly sad final chapter for the firm.

    For episode transcripts and more, head to Equity’s Simplecast website.

    Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders and more!

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    Alex Wilhelm

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