DeFI News by Thebittimes.Com

Polkadot (DOT) is showing early signs of a potential recovery, with its price stabilizing near key resistance levels. As technical indicators hint at waning selling pressure, traders are closely watching for a breakout that could push DOT toward the $7 mark. With strong fundamentals and an evolving ecosystem, could this be the beginning of a sustained upward trend for DOT? DOT Key Statistics Current Price: $5.13 Market Cap: $7.96 Trading Volume (24h): $424.9 million Circulating Supply: 1.55 billion DOT Total Supply: 1.55 billion DOT CoinMarketCap Ranking: #21 Polkadot (DOT) is currently trading 32.28% lower than its highest price over the past 30 days and 1.38% below its peak from the last 7 days. On the other hand, it has gained 28.07% from its lowest point in the past month and 15.02% from its 7-day low. DOT/USD Market Key Levels Resistance: $5.33, $6.56, $7.00 Support: $4.10, $3.67, $3.00 DOTUSD – Daily Chart Polkadot (DOT) is currently showing signs o...

The Bonk price surged 25% in the last 24 hours to trade at $0.00004350 as of 07:30 p.m. EST on trading volume that dropped 4% to $1.9 billion, according to data from CoinGecko . Bonk Price On A Sustained Bullish Trend The BONK/USD chart demonstrates a strong bullish breakout following a prolonged accumulation phase. A classic parabolic pattern (highlighted on the chart) has been completed, leading to a sharp rally. This pattern is a textbook bullish continuation signal, indicating buyers have gained momentum. The Bonk price, as a result of the sustained bullish trend, has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), an indication that the asset is on a positive trajectory. Meanwhile, the Relative Strength Index (RSI) is currently around 65.36, suggesting the asset is in bullish territory but approaching overbought conditions (above 70). The Moving Average Convergence Divergence (MACD) is now on the bullish trend, with the blue MACD line crossing abo...

The Sei price soared 23% in the last 24 hours to trade at $0.4645 as of 03:55 a.m. EST on trading volume that skyrocketed 239% to $579 million. The pump made SEI the top gainer among the biggest cryptos by market capitalization, according to CoinMarketCap. Sei Price Could Continue Soaring The Sei price has experienced significant pressure from the bulls and bears since August, as it formed a double bottom pattern, with the bulls struggling to push the price of Sei above the $0.32 resistance, according to data from GeckoTerminal . SEI has finally soared above the resistance, with the token now on a sustained bullish stance. The price of Sei eventually crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the asset’s current bullish outlook. Moreover, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 82, indicating that the asset is under intense buying pressure, with the asset being overvalued. Meanw...

The Sui price surged 9.6% in the last 24 hours to trade at $1.51 as of 10:28 p.m. EST on trading volume that skyrocketed 34% to $928 million. SUI also soared 46% in the past week, a jump that made it the biggest gainer among major cryptos by market capitalization, according to Crypto Bubbles . Sui Price On A Sustained Bullish Rally The SUI/USDT price Analysis on the 4-hour chart shows that in August and early September, the Sui price bulls struggled to push the price above the $1.06 resistance. The $0.77 support allowed the price of Sui to form a double bottom pattern. In the last rounding bottom pattern, the bulls have used the support level to push the Sui price towards a sustained bullish rally. SUI price now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which now act as the immediate support levels at $1.179 and $0.095, respectively. The token trading above both the SMAs is also a confirmation of the bullish rally. Furthermore, the Relativ...

The Sei price rallied more than 20% in the last 24 hours to trade at $0.3386 as of 11:34 p.m. EST. This recent gain by the SEI price was enough to push its weekly performance back into the green with a 15% surge. The Sei Price Approaching A Major Resistance Level 4-hour chart for SEI/USDT (Source: TradingView ) A bullish falling wedge pattern was validated on the 4-hour chart for the Sei price in the last few hours, resulting in the recent rally. Buyers stepped in as soon as the altcoin approached the $0.2520 support and pushed the crypto’s value above both the $0.2940 and $0.3193 resistance levels. Now, the Sei price is attempting to breach the $0.3501 barrier. If SEI is able to close a 4-hour candle above $0.3501 in the next 12 hours, then the altcoin will likely continue to rally. However, a rejection from this point could prompt traders to start to take profit. In this alternative scenario, the Sei price might be at risk of dropping below the aforementioned $0.3193 an...

The Pepe price surged 5% in the last 24 hours to trade at $0.000007768 as of 00:47 a.m. EST on trading volume that skyrocketed 23% to $684 million. This comes as the meme coin space rebounded in the last 24 hours with a 5% surge to hit a $38 billion market capitalization. Pepe Price Bulls Aiming For A Breakout The Pepe price has been trading within a range in the last two weeks as PEPE went into consolidation between the $0.000008665 resistance and the $0.000007212 support, according to data from GeckoTerminal . PEPE has now crossed above the 50-day Simple Moving Average (SMA), which could be an indication that the price of Pepe is moving towards an uptrend. If this move is completed, PEPE could overcome the 200-day SMA, which now acts as the immediate resistance at $0.000009726. The Relative Strength Index (RSI) is also trading up above the 50-midline level as it hurtles towards the overbought region, a confirmation that the asset is under buying pressure. Moreover, the Moving ...