Thing

when

Momentum

Divergence

<h1 dir="ltr" id="span-img-src-https-cdn-thebittimes-com-images-2024-03-20-1710933957-webp-width-800-height-457-style-display-block-margin-left-auto-margin-right-auto-span"><img src="https://cdn.thebittimes.com/images/2024/03/20/1710933957.webp" width="800" height="457" style="display: block; margin-left: auto; margin-right: auto;"></h1>
Bitcoin's recent decline has resulted in a huge amount of liquidations. The market's slump has everyone wondering when major altcoins will bounce back. In these turbulent times, understanding market trends is more crucial than ever. With factors such as market volatility and investor confidence at play, comprehending these cycles could shine some light in the perception of a crashing market.
<h2 dir="ltr" id="span-blastup-presale-hits-2-million-anticipating-the-next-big-thing-in-crypto-span">BlastUP Presale Hits $2 Million: Anticipating the Next Big Thing in Crypto</h2>
BlastUP, the premier launchpad on Blast, has recently made a splash in the crypto world with its head-spinning debut, raising &nbsp;$2 million in a few weeks. The number of early investors who have already recognized BlastUP's high potential is growing exponentially.
BlastUP is poised to reach roaring success, with plans to empower Web3 tools with AI innovation for fast and quality startup launches. It offers a comprehensive suite of tools and a rich rewards system for all those coming on board.
Currently, BlastUP is running its fourth presale stage, offering BlastUP tokens at the lowest price. Buying these tokens now at $0.055, you get a hefty discount of 45%, as the listing price is set at $0.1.
<a href="https://blastup.io/?utm_source=TBIT&amp;utm_medium=article&amp;utm_campaign=RL45O4" target="_blank" rel="noopener noreferrer nofollow">&gt;&gt; Be Among the FIRST! Get the Exclusive Perks From BlastUP Presale &lt;&lt;</a>
Holders of BlastUP tokens may benefit from a number of privileges including allocations for token sales, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking.
Following a simple mission to help blockchain startups grow faster and earn more, BlastUP is on its way to becoming a dominant force. The team of dedicated crypto enthusiasts behind the project are deeply committed to their vision and have ambitious plans to become a one-of-a-kind launchpad for easy and efficient blast off in the crypto space.
The comprehensive roadmap of BlastUP extends through 2026, outlining plans to launch an AI IDO screener, develop AI tools tailored for startup teams, and set up the Community Marketplace.
<a href="https://blastup.io/?utm_source=TBIT&amp;utm_medium=article&amp;utm_campaign=RL45O4" target="_blank" rel="noopener noreferrer nofollow">&gt;&gt; Join BlastUP Presale NOW to Unlock Early Benefits &lt;&lt;</a>
<h2 dir="ltr" id="span-solana-s-price-soars-beyond-181-outlook-remains-bullish-despite-potential-risks-span">Solana's Price Soars Beyond $181, Outlook Remains Bullish Despite Potential Risks</h2>
Solana's latest price at $181 suggests it is bustling with activity. As it rises higher, surpassing the second resistance level at $160, this growth could continue unimpeded on a wavelength of optimism. The Moving Average Convergence Divergence (MACD) and Simple Moving Averages (10-days and 100-days) all suggest a "Buy" action, supporting the bullish outlook. Should this upward trend persist, the Solana price target may soar well beyond its nearest resistance level at $143.
Although Solana's momentum appears unstoppable now, caution is in order. Prices above the nearest resistance level can create an environment for higher volatility. Furthermore, both the Relative Strength Index (RSI) and Stochastic metrics advise neutrality, hinting at possible unexpected moves. If the momentum dwindles, the price could spiral down towards the nearest support level at $101, and possibly even lower to the second support level at $76. This indicates a risk of significant potential pullbacks in the short term.
<h2 dir="ltr" id="span-analyzing-cardano-s-potential-growth-and-future-resistance-levels-span">Analyzing Cardano's Potential Growth and Future Resistance Levels</h2>
In the short-term, Cardano's current price of $0.62 stands toward its nearest support level of $0.52 and its second support level at $0.38. The addition of a new stablecoin may fuel investor interest, possibly driving the price closer to the nearest resistance level at $0.75. However, with the Simple Moving Average for 10-days showing a 'Sell' recommendation, some caution may be prudent.
Over the long haul, the bolstering of Cardano's ecosystem adds a dose of optimism. The Simple Moving Average for 100 days evidences a 'Buy' recommendation, suggesting a potential climb past the second resistance level at $0.85. But, indicators such as RSI and Stochastic RSI are in neutral territory, which hints at possible price stability, opposed to a significant surge. It's key to ensure a balanced stance to both growth opportunities and risks.
<h2 dir="ltr" id="span-xrp-struggles-amid-sell-off-support-level-market-momentum-show-promise-span">XRP Struggles Amid Sell-Off, Support Level &amp; Market Momentum Show Promise</h2>
XRP is currently struggling to maintain its price, oscillating around the $0.60 mark. The large sell-off of 25 million coins by a whale seems to have negatively impacted current sentiments. However, the nearest support level at $0.51 is standing its ground. Looking at the longer term, MACD signals a sell recommendation, but the 100-day Simple Moving Average suggests buy, indicating potential for a future positive run if XRP maintains a steady momentum.
In the short term, XRP faces both resistance at $0.64 and $0.70, which might be hard to break considering the recent dump. However, the neutrality of the RSI index and the Stochastic RSI Fast shows an equilibrium between buying and selling pressures. Case in point, the 10-day Simple Moving Average price at $0.65 shows that while selling pressure has been relatively high recently, there’s still potential for an upturn as the market continues to correct itself.
<h2 dir="ltr" id="span-conclusion-span">Conclusion</h2>
In the current landscape filled with fluctuations and uncertainties, major altcoins like Solana, Cardano, and XRP are showing signs of potential growth, offering some hope despite the market's recent upheaval. However, BlastUP stands out with a remarkable value proposition and a concept that is deeply integrated into the Blast ecosystem. As a result of its compelling vision and successful presale, BlastUP not just shows impressive potential, but also solidifies its position as one of the most promising projects in the crypto space.
Site: <a href="https://blastup.io/?utm_source=TBIT&amp;utm_medium=article&amp;utm_campaign=RL45O4" target="_blank" rel="noopener noreferrer nofollow">https://blastup.io/</a>
Twitter: <a href="https://twitter.com/Blastup_io" target="_blank" rel="noopener noreferrer nofollow">https://twitter.com/Blastup_io</a>
Discord: <a href="https://discord.gg/5Kc3nDhqVW" target="_blank" rel="noopener noreferrer nofollow">https://discord.gg/5Kc3nDhqVW</a>
Telegram: <a href="https://t.me/blastup_io" target="_blank" rel="noopener noreferrer nofollow">https://t.me/blastup_io</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/the-market-is-crashing-when-major-altcoins-will-bounce-back-tbt83016.html">https://thebittimes.com/the-market-is-crashing-when-major-altcoins-will-bounce-back-tbt83016.html</a>

The Market Is Crashing!? When Major Altcoins Will Bounce Back?

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