Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• UNI’s price action hit a roadblock at the $4.4 resistance, resulting in another price drop.
• Sellers looked to gain the advantage with an increase in short positions.

Despite the bullish market conditions, Uniswap [UNI] failed to break above the mix of a resistance level and bearish order block at the $4.4 price zone.

Read Uniswap’s [UNI] Price Prediction 2023-24

AMBCrypto’s previous outlook on UNI highlighted the selling pressure that the altcoin was under, with bulls needing to scale multiple price hurdles. While bulls were able to scale the $4.2 price hurdle, the bearish order block at $4.4 was a step too far.

This led to an 8% drop over five days, with UNI trading at $4 as of the time of writing.

Low demand limited bullish rally

Source: UNI/USDT on Trading View

The On Balance Volume (OBV) declined by over $5 million within the period under consideration. This loss of trading volume stalled the bullish rally, which allowed sellers back into the market at the resistance level.

With price trading at a mid-point between the $4.4 resistance and $3.8 support, a retest of the $3.8 support looked more likely in the short term.

This was further supported by the Relative Strength Index (RSI) dropping below the neutral 50 – a sign of weakening buying pressure and an increase in selling pressure.

Thus, both UNI’s price action and on-chart indicators revealed the short-term bearish bias in the market.

Another factor that could be affecting UNI is the recent imposition of an interface fee of 0.15% on Uniswap with traders favoring a sell-off rather than an accumulation, based on AMBCrypto‘s findings.

Traders chose to go short based on UNI’s spot market activity

Source: Coinglass

How much are 1,10,100 UNIs worth today?

Market speculators in the futures market were bearish in the short term. According to Coinglass, the exchange long/short ratio showed that shorts had a 51.38% share of the open contracts on UNI.

This hinted at a further price dip in the short term, with the $3.8 support becoming the best possible price level for another bullish rebound.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XRP continued to trade within a compact range after another pullback at the range high.
• The rising Mean Coin Age hinted at long-term accumulation, which could initiate a breakout. 

Ripple [XRP] struggled to break out of the compact price range, with its price action stumbling at the range high again.

Realistic or not, here’s XRP’s market cap in BTC terms

A previous price report by AMBCrypto highlighted the possibility of a range breakout after XRP posted gains of 9.3% over 24 hours to take it to the range high. However, the buying pressure stalled and bears hit back with another dip to keep XRP confined within the range.

Meanwhile, Bitcoin [BTC] consolidated at the $34k price zone after the pullback from the $35k price zone.

Buying pressure not enough for critical range breakout

Source: XRP/USDT on Trading View

XRP’s current price range extends back to August. Price action has traded between the range low of $0.45 and the range high of $0.55 with a mid-range of $0.5. Despite the growing bullish sentiment, XRP has been unable to break out due to the bearish blocker at the $0.55 price zone.

This led to a 5% dip from the range high over the past 48 hours. However, buyers still had the advantage based on the on-chart indicators.

The Relative Strength Index (RSI) stood at 60, which hinted at good buying pressure, despite the dip out of the overbought zone. Likewise, the Chaikin Money Flow (CMF) highlighted the consistent capital inflow.

With price trading at $0.543, these indicators signaled that a breakout could still happen in the long term. As such, sellers should be cautious of the buying bias present for XRP.

A bullish breakout would see buyers target the $0.6 to $0.65 price levels, while an extension of the current dip could see XRP re-test the mid-range support of $0.5.

Mean Coin Age continued to trend upwards

Source: Santiment

Read Ripple’s [XRP] Price Prediction 2023-24

The upward movement of the Mean Coin Age (90d) suggested that long-term holders were accumulating XRP. This could help the prospects of a bullish breakout in the long term.

Furthermore, the 30d Market Value to Realized Value (MVRV) ratio showed that short-term holders were in slight profits. With the potential for more profits, if the range high is broken, buyers could be incentivized to increase the buying pressure in the coming days.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Bullish momentum stalled after pullback at $11.5 resistance level.
• However, buyers were still active, as evidenced by on-chart metrics and funding rate.

Chainlink [LINK] maintained its strong bullish uptrend, despite the pullback at the $11.5 resistance level. This followed the altcoin’s staggering 53% rise over the past week, which saw it break past a year-long resistance at the $10 price level.

Read Chainlink’s [LINK] Price Prediction 2023-24

AMBCrypto’s earlier analysis on 26 October highlighted the immense bull run. Still, it warned buyers to be wary of FOMO (Fear of Missing Out) because of the resistance level between $11 – $12 on the higher timeframes.

While a pullback might have happened at the resistance level mentioned above, the price action and on-chart indicators signaled a continuation of the bullish uptrend.

LINK buyers not stopping even after massive gains

Source: LINK/USDT on Trading View

The strong buying pressure was evident on the Relative Strength Index (RSI). The indicator climbed into the overbought zone on 21 October and has remained there. This highlighted the strong buying power behind LINK’s bullish run.

Similarly, the Chaikin Money Flow (CMF) stayed positive with a reading of +0.11. This hinted at sustained capital inflows for LINK, i.e., investors were willing to bid higher on LINK in the spot market.

With a lot of buyers still present in the market, the pullback at $11.5 could serve as a minor correction before a continuation of the uptrend.

However, if sellers extend the retracement to the $10 support level, then buyers will need to defend price at the support before resuming the upward movement.

Buyers need to be careful of short-term demand dip

Source: Coinalyze

How much are 1,10,100 LINKs worth today?

Data from Coinalyze showed that the funding rates remained positive. This showed that there were still more speculators willing to buy LINK than sell in the futures market.

However, the spot CVD revealed a decline in demand on the four-hour timeframe. This could be a result of short-term holders taking profit. Therefore, long-term holders can wait for a drop to the $10 support, as this would present a better long opportunity for new buyers.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• AAVE’s bullish run faltered at the $86.5 resistance level
• Bulls looked to rebound from the $77 support level with funding rates staying positive

Aave [AAVE] bulls failed to consolidate the recent bullish gains with a price rejection at the $86.5 resistance forcing a sharp retracement. The 13% dip from the resistance level took AAVE to the near-term support at $77.

Read Aave’s [AAVE] Price Prediction 2023-24

However, as of the time of writing, bulls successfully defended the support level on the 12H timeframe and actively looking to rebound. Meanwhile, Bitcoin [BTC] consolidated its recent bullish run at the $34k price zone with buyers looking to scale the next hurdle at $35k.

AAVE retained bullish sentiment despite a sharp pullback

Source: AAVE/USDT on Trading View

Despite the retracement, AAVE was still bullish in the short term. This was highlighted by the Relative Strength Index (RSI) staying above the neutral 50, despite dipping out of the overbought zone. This reiterated the strong buying pressure still available on the higher timeframes.

Similarly, capital inflows stayed positive with the Chaikin Money Flow’s (CMF) reading of +0.15.

Based on the price action and on-chart indicators, buyers can anticipate a quick rebound with profit targets at $83 to $85. On the flip side, if the bullish defense at $77 falters, sellers could take advantage of further dips with targets at $70 to $72.

Mixed signals in the futures market

Source: Coinalyze

The positive funding rate showed that more speculators were willing to buy in highlighting decent demand for AAVE. This was according to data from Coinalyze.

Is your portfolio green? Check out the AAVE Profit Calculator

However, the Open Interest (OI) continued to decline which showed uncertainty in the current price rebound. Similarly, the spot CVD dipped to signal wavering demand.

As such, traders should wait for a bullish candle close at the $77 support on the higher timeframes before entering long positions.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• On-chart indicators pointed to a continuation of bullish rally.
• Open interest rose along with a positive funding rate to hint at strong bullish sentiment in the futures market.

Binance Coin [BNB] broke out of its long-term price range with a 12H candle close above $225. However, the bearish market structure dragged BNB’s price action back into the range with a 7% price dip, halting the bullish momentum.

Read BNB Chain’s [BNB] Price Prediction 2023-24

Despite the pullback, the on-chart indicators hinted at a strong continuation of the bullish rally with buyers determined to flip the $225 price level to support.

Buyers seek to flip BNB bullish

Source: BNB/USDT on Trading View

BNB has traded under a bearish market structure since June 2023 but the current price action showed buyers actively looking to change the altcoin’s long-term bias.

The Relative Strength Index (RSI) highlighted bullish strength, as it rose into the overbought zone. Although the RSI dipped, it remained above neutral 50. When the RSI is at the upper level (51 and above), it strongly indicates sustained buying pressure.

Similarly, the capital inflows were slowly returning, as seen by the Chaikin Money Flow’s (CMF) hovering around the zero mark.

Thus, the price action presented an easy opportunity. If bulls successfully flip the $225 level to support, buyers can aim for 10% profits at $250. However, another price rejection at $225 could allow shorts to retest the $205 support level.

Is your portfolio green? Check the BNB Profit Calculator

Open Interest hinted at imminent gains for BNB

The Open Interest rose over the past 24 hours along with bullish sentiment returning after the pullback. The OI rose from $290 million to $317 million to indicate encouraged longs.

Similarly, the funding rate of BNB moved into positive territory. This showed that more speculators were willing to buy the token and was evidence of an increase in demand.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XRP rallied to the range high of $0.55 but a breakout was yet to happen.
• Demand in the futures market showed growing bullish sentiment in the near term.

Ripple [XRP] struggled to break above the range high, as the altcoin continued to trade between $0.46 to $0.55. Over the past week, buyers rallied to push past the mid-range point with 9.3% gains, taking XRP to the range high.

Realistic or not, here’s XRP’s market cap in BTC terms

However, the selling pressure at the $0.55 price zone has prevented a breakout thus far. In the wider crypto market, Bitcoin [BTC] continued to trade above $34k with solid demand sustaining the bullish sentiment.

Bulls attempt to break above $0.55 bearish blocker

Source: XRP/USDT on Trading View

The 12H timeframe showed that bulls had found the $0.55 price hurdle a tough level to scale. This was evident in the bearish rejections at the price level on 29 September and 3 October.

The presence of a bearish order block (OB) at the $0.55 price zone has limited the bullish rally with pricing ranging at the level over the past 48 hours.

Despite the bearish activity at $0.55, the chart indicators pointed to growing bullish momentum. The Relative Strength Index (RSI) trended just at the overbought zone, highlighting the strong buying pressure.

In addition, the Chaikin Money Flow was positive, hinting at good capital inflows while the uptick in the On Balance Volume (OBV) suggested growing buying volume in recent days.

Thus, the buying pressure could result in buyers clearing the bearish order block with short-term profit targets at $0.6 to $0.65 price levels.

Is your portfolio green? Check the XRP Profit Calculator

Short-term demand for XRP revealed by longs dominance in the futures market

The four-hour timeframe of the long/short ratio showed the rising bullish demand, as buyers bid to scale the $0.55 price hurdle. As of press time, longs were in the majority, holding 51.21% of the open contract positions.

This highlighted the bullish sentiment in the near term. Consequently, a move above $0.55 appears likely with a candle close above the range high providing further long opportunities.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• HBAR posted gains of 6.1% over the past 24 hours to move past the $0.052 resistance level.
• Funding rates stayed positive, as buyers looked to extend price rebound. 

Hedera [HBAR] continued its strong recovery from the $0.046 support by claiming another support level at the $0.052 price zone. The 6.1% gains over the past day spurred the bullish break above the resistance, as seen on the 12H timeframe.

How much are 1,10,100 HBARs worth today?

AMBCrypto’s earlier price analysis on 19 October projected a bounce from the $0.046 support with the price rebound validating this prediction. In the meantime, the crypto market’s bullish sentiment saw Bitcoin [BTC] hit $35k before a slight pullback to $34k, as of press time.

Can buyers push on for more gains?

Source: HBAR/USDT on Trading View

The Relative Strength Index (RSI) flashed strong bullish signs, as it touched the overbought zone. This suggested an increase in the buying demand with buyers looking to take advantage of the bullish momentum.

Likewise, the Chaikin Money Flow (CMF) remained positive with a reading of +0.13, hinting at good capital inflows.

As such, buyers could register further gains of 8-10% with take-profit levels between $0.057 to $0.059. Alternatively, sellers could force a quick retest of the new support level before a continuation of the bullish rebound.

Positive funding rate underlined bullish bias

Source: Coinalyze

Data from Coinalyze showed that the funding rate was positive on the four-hour timeframe. This revealed that longs were in the majority for the short-term.

Read Hedera’s [HBAR] Price Prediction 2023-24

Furthermore, the Open Interest continued to move higher, although it dipped slightly, as at the time of writing. Thus, buyers need to be wary of bearish price action which could halt or slow down the bullish rally.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETH extended its bullish rally past the $1,800 price level.
• Supply on exchanges continued to dip, highlighting strong buying pressure. 

Ethereum [ETH] followed Bitcoin [BTC] in registering significant gains over the past week. ETH’s bullish rally from the $1,550 support level extended its gains to 20% with price trading above the critical $1,800 price level.

Read Ethereum [ETH] Price Prediction 2023-24

This surpassed the $1,700 target AMBCrypto had predicted on 23 October, based on ETH whales’ accumulation. With the $1,800 price level flipped to support, bulls could be looking to hit another price milestone at $1,900.

ETH bulls overwhelmed sellers at multiple price hurdles

Source: ETH/USDT on Trading View

After bulls rallied from the $1,550 support and flipped the $1,619 resistance, key price hurdles were identified for the bullish rally at $1,680 and $1,745 respectively.

However, bulls took out both price hurdles with a single bullish candle on the 12H timeframe. This highlighted the strong buying pressure, as seen by the RSI’s (Relative Strength Index) reading of 74.

Furthermore, the uptick in the OBV (On Balance Volume) accelerated the bullish move past a strong bearish price zone at $1,800. Despite the pullback at the level on 24 October, bulls successfully flipped the level to support with a candle close above it over the past 12 hours.

As such, bulls can target further gains with the $1,900 price level achievable in the long term, especially if BTC extends its bullish run past $35k.

Is your portfolio green? Check out the ETH Profit Calculator

Supply on exchanges dipped with long-term holders in profit

A look at the 90d Market Value to Realized Value (MVRV) ratio showed that long-term ETH holders (3 months+) were sitting on 9.2% of unrealized profits at the current price. With the potential for more profits, investors could be encouraged to hold their positions.

In addition, the supply on exchanges continued to decline which hinted at waning selling pressure. This could be an added advantage for bulls in the push for $1,900.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XMR hit another short-term milestone with bulls claiming the $160 price level.
• Sustained demand in the futures market could spur more gains. 

The sustained buying pressure on Monero [XMR] saw the altcoin flip the vital $160 psychological price level to support over the past 12 hours. This came after the bullish rally was rejected at the price level on 24 October, leading to a minor retracement.

Is your portfolio green? Check out the XMR Profit Calculator

However, buyers leveraged on the overall bullish market conditions to launch another attempt at the $160 price level. This brought XMR’s total gains over the past week to 10.5% after its strong rally from the $150 support level.

The extension of the bullish rally validated AMBCrypto’s analysis on 8 October which predicted additional gains for buyers after the $150 level was turned to support.

Bulls set sights on Q3 highs of $170

Source: XMR/USDT on Trading View

The strong buying pressure on XMR was highlighted by the Relative Strength Index (RSI) approaching the overbought zone. This hinted at solid demand for XMR in the spot market.

Similarly, investors raised their capital inflows with the Chaikin Money Flow (CMF) continuing its uptrend with a reading of +0.23, as of press time.

Based on the price action, bullish market sentiment, and chart indicators, XMR buyers can push further with another 4.5% pump. This would take the altcoin to the $170 resistance level.

However, the $170 level has been tough for bulls to crack in the past. This could give sellers an opportunity to halt the bullish run if price gets to the level in the short term.

Read Monero [XMR] Price Prediction 2023-24

Spot CVD uptrend revealed sustained demand for XMR

Source: Coinalyze

The futures market reacted positively to the additional price gains. The Open Interest registered an uptick, moving from $20.20 million to $21.36 million over the past day.

Likewise, the funding rates remained largely positive. Also, the strong demand for XMR was evident with the spot CVD maintaining its uptrend. Overall, the signals pointed to additional gains with XMR poised to take its bullish run to $170 in the short term.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Solid bullish defense at the key support level resulted in a significant price reversal.
• Positive funding rates could see further gains registered in the short term.

Filecoin [FIL] defended the $3 support level again and rebounded strongly with 12% gains. AMBCrypto’s previous price analysis highlighted the long opportunity from the support level, based on the liquidity available at the critical price zone. This projection was validated with buyers posting a solid bullish reversal.

Read Filecoin’s [FIL] Price Prediction 2023-24

More gains are possible if bulls clear this hurdle

Source: FIL/USDT on Trading View

At press time, the bullish momentum was evident with multiple indicators flashing bullish signals.

The Relative Strength Index (RSI) crossed the neutral 50 and surged toward the overbought zone to highlight the strong buying pressure. In a similar fashion, the On Balance Volume (OBV) produced a decent uptick while the Chaikin Money Flow (CMF) remained above zero to signal good capital inflows.

The mix of the bullish price action and positive indicators suggested more gains were likely in the short term for FIL. However, the $3.5 hurdle needs to be cleared, as this resistance level has rebuffed previous bullish rallies.

If bulls are able to scale this resistance level, further gains can be reached at $3.8 to $4. Otherwise, a price rejection at $3.5 will extend the range-bound price movement.

Positive funding rates revealed a bullish bias in the futures market

Source: Coinalyze

Along with the bullish price action, most traders in the derivatives market continued to bet on FIL’s price rise. As per Coinalyze, the funding rate for FIL was positive, reflecting the dominance of bullish long positions.

How much are 1,10,100 FILs worth today?

In addition, the Open Interest (OI) surged from $73.4 million to $77.3 million. This was another sign of the bullish bias in the near term with further upward movement possible.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• STX sustained its bullish uptrend with a 9.5% bounce off a key Fib level.
• Shorts suffered 91% of the total liquidations within the past 12 hours. 

Stacks [STX] continued its bullish uptrend with a 9.5% bounce off the 23.6% Fib level ($0.617). Earlier, STX flipped bullish on the higher timeframe with a 28% rally from the $0.55 price zone.

Read Stacks’ [STX] Price Prediction 2023-24

However, buyers experienced a pullback at $0.678 before an extension of the bullish rally. With Bitcoin [BTC] trading above $30k, bulls could look to consolidate the bullish gains.

A full stack of gains for buyers

Source: STX/USDT on Trading View

The sustained selling pressure after the price rejection at the $0.9 price zone kept STX in a bearish downtrend. This saw the native coin of Stacks which is a Bitcoin layer for dApps and smart contracts sink to $0.4, resulting in a 52.5% loss in value.

A recent bullish reversal on 30 August was rejected at the lower low around the $0.55 price zone. This price zone has served as a critical barrier to a bullish rebound. However, the significant rise in bullish market conditions handed buyers a unique opportunity which was maximized to clear the selling pressure at the $0.55 price zone.

This brought back much-needed trading volume to STX with the On Balance Volume (OBV) registering a swift rise over the past week. Furthermore, the Relative Strength Index (RSI) revealed strong buying pressure, as it remained in the overbought zone.

Buyers can register more gains with another strong buying push toward the $0.7 to $0.75 price level. This would result in an additional 8-13% gain from the current price level of $0.658.

Sellers registered massive losses as bullish conviction grew in the derivatives market

Source: Coinglass

The bullish conviction on STX extended to the futures market, resulting in sellers experiencing massive liquidations. According to Coinglass’ liquidation data, shorts positions worth $175.38k were wrecked in the past 12 hours.

How much are 1, 10, and 100 STX worth today?

This amounted to 91.23% of the total liquidations within the period. Thus, it highlighted the growing bullish strength with the current price action strongly in favor of buyers.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• FTM produced a strong bullish rally off the $0.175 support level.
• Positive funding rates revealed the possibility for future gains, with longs in the majority.

Fantom [FTM] bulls produced the perfect bullish rebound after the extended selling pressure saw the altcoin hit a year-low of $0.17. The 31% rally over the past three days from the $0.175 support level saw FTM smash the $0.2 resistance with the potential for further gains.

Read Fantom’s [FTM] Price Prediction 2023-24

In the meantime, Bitcoin [BTC] extended its bullish rally with a strong push above $30k, as the markets continued to enjoy significant bullish momentum.

Recent gains revived buyers’ confidence

Source: FTM/USDT on Trading View

Since mid-July, FTM’s price plummeted, with sellers dominating the price action. The altcoin’s price suffered heavy losses due to multiple hacks on Fantom’s projects and ecosystem.

Earlier, the bullish attempt at a reversal failed at the $0.2 resistance level in early October. This resulted in FTM hitting the year-low of $0.17. However, the recent bullish market conditions provided a springboard for buyers to go on a significant rally.

The buying strength of the current rally was highlighted by the Relative Strength Index (RSI) climbing into the overbought zone. Similarly, the Chaikin Money Flow (CMF) revealed strong capital inflows with a reading of +0.18.

Thus, buyers could achieve another 10% price gains, which would take it to the $0.25 resistance level. A flip of the $0.25 resistance to support would see FTM’s market structure turn bullish.

Sellers on the other hand can wait for a rejection at the $0.25 resistance for shorting opportunities.

Futures market reacted positively to FTM’s pump

Source: Coinalyze

The Open Interest (OI) data revealed a significant spike, as market participants got in on the bullish rally. Over the past 48 hours, the OI moved from $39.01 million to $50.58 million, per Coinalyze.

How much are 1,10,100 FTMs worth today?

This suggested that traders were opening more positions with the goal of riding the bullish rebound.

Likewise, the Funding Rate was largely positive, which hinted at the majority of buying positions in the market. This could translate to additional gains for FTM in the short term.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• APT rallied strongly from the $5 support with 20% gains over the past day.
• Rising demand in the Futures market could spur more gains in the short term.

The double-digit gains of Aptos [APT] over the past 24 hours took the altcoin above a critical resistance level. Previously, the bullish rebound failed to cross the $6 resistance level, as the market sentiment swayed in favor of bears.

Is your portfolio green? Check out the APT Profit Calculator

However, the change in market conditions from bearish to bullish resulted in 20% gains took APT, taking it above the $6 price level. Meanwhile, Bitcoin [BTC] extended its bullish rally, as buyers looked to add the $30k price level to their recent wins.

Bulls finally surmount bearish obstacle

Source: APT/USDT on Trading View

The 12H timeframe showed the bearish hurdles that have stood in the way of APT’s bullish rebound from the $5 price level. Buyers have constantly been repelled at the $5.6 price zone over a month-long period.

With buyers finally clearing this hurdle and attempting to flip the $6 price level to support, there is a possibility of further gains for buyers.

The short-term outlook will involve a bullish candle close above $6. This would enable buyers to aim for more gains at $6.9 to $7.5. On the flip side, a failure to close above $6 could drop APT back into the range-bound movement.

In the meantime, the RSI (Relative Strength Index) and Chaikin Money Flow (CMF) highlighted the strong buying pressure and capital inflows into Aptos. This could be key to sustaining the bullish rally in the near term.

Demand continued to build for APT in the Futures market

Source: Coinalyze

How much are 1, 10, or 100 APT worth today?

The spot CVD data from Coinalyze revealed a swift rise in demand which preceded the price pump. With the CVD still in an uptrend, this could be pivotal in maintaining the bullish momentum.

Similarly, the Open Interest (OI) rose by 16.8% over the past day. This signaled that market participants were actively going long on APT with the target of riding the bullish wave.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• BTC continued its strong bullish rally, as it flipped the $29.4k price level to support.
• However, there were signs of an imminent pullback before a continuation of the rally.

Bitcoin’s [BTC] remarkable week-long pump extended past the $29.4k resistance level, as bulls ramped up the buying pressure. The bullish rally began on 15 October and as of press time, BTC registered 11.4% gains, rising from $26.8k to $29.9k.

Is your portfolio green? Check out the BTC Profit Calculator

A BTC price report by AMBCrypto on 19 October highlighted the possibility for more gains after the king coin climbed to the $28.5k price zone. This analysis was validated over the past 48 hours, with buyers making another strong push from the $28.5k level.

This saw BTC flip the $29.4k level to support and underlined the bullish prospects for sustained gains above $30k.

Bulls cleared another major obstacle

Source: BTC/USDT on Trading View

The Moving Average Convergence Divergence (MACD) indicator highlighted the intensity of the current bullish rally. It posted a bullish crossover above the zero mark to signal a strong bullish bias.

Nevertheless, the Chaikin Money Flow (CMF) showed that capital inflows were subdued, as it hovered around the zero mark. With the Relative Strength Index (RSI) hitting the overbought zone along with muted capital inflows, a minor pullback could be experienced in the short term.

This could see BTC retest the $29.4k support in the coming days before a continuation of the bullish uptrend, with $31k the long-term target for buyers.

On the other hand, a sharp rejection at $30k could reintroduce bears back into the market with a downward move. This is a possibility if the $29.4k support doesn’t hold on a retest.

Longs and shorts locked in a tight price battle

Read Bitcoin’s [BTC] Price Prediction 2023-24

The exchange long/short ratio showed that both market participants were active in the market, with neither buyers nor sellers dominating yet. The marginal difference between longs and shorts could determine a price pullback or an extension of the bullish rally.

With price approaching significant liquidation levels, traders should exercise caution before opening new positions. The information on the price charts as of press time suggested that BTC was still bullish. However, sellers were actively searching for short positions.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• ETH extended its bullish rally to cross the $1,619 resistance.
• Network-wide accumulation could spur more gains in the short term. 

Ethereum [ETH] took its bullish rally a level higher by flipping the $1,619 level to support. This extended the gains of the bullish reversal from the $1,550 support level to 5.7%.

Is your portfolio green? Check out the ETH Profit Calculator

Bitcoin [BTC] hitting the $30k mark could spur ETH bulls to push for more gains with the on-chart indicators flashing bullish signals.

Can bullish rally take ETH to $1,700?

Source: ETH/USDT on Trading View

The strong bullish defense at the $1,550 support level provided buyers with a good entry point for the recent price rally. Along with the bullish sentiment in the markets, ETH reclaimed $1,619 after a previous rejection at the level on 16 October.

The long-term target for bulls lies at the $1,700 price zone, but buyers will need to clear the $1,680 hurdle in the short term. As of press time, the chart indicators were bullish.

The Relative Strength Index (RSI) highlighted the strong buying pressure with a reading of 61. Likewise, the Chaikin Money Flow (CMF) stayed above the zero mark, which hinted at decent capital inflows. This strengthened the bullish conviction of Spot market demand for ETH.

As such, bulls have a 3% long opportunity from the press time price ($1,634) to the $1,680 price zone. If bulls scale this hurdle successfully, the $1,700 target can be achieved.

On the other hand, a price rejection at $1,680 could see the bullish rally lose momentum, leading to a pullback to the $1,619 support level.

ETH whales are accumulating

Source: Santiment

Read Ethereum [ETH] Price Prediction 2023-24

According to Santiment, the Mean Coin Age (90d) was on the rise at press time. This hinted that investors were accumulating more tokens, which could lead to a further price increase.

Additionally, the Supply on Exchanges declined, which hinted at an easing of the selling pressure. Together, ETH bulls can expect to register more gains in the short term while preparing to extend the bullish rally to $1,700.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Shiba Inu continued its decent short-term recovery, as it hit the $0.000007 price level
• Selling pressure persisted, but bullish conviction remained strong

Shiba Inu [SHIB] continued its gentle recovery from the $0.000006 price zone. Memecoins have seen low interest in recent times and this has been reflected in low trading volumes for Shiba Inu since early September.

Realistic or not, here’s SHIB’s market cap in BTC terms

AMBCrypto’s previous analysis on 15 October highlighted the possibility of a recovery for SHIB, based on the price action. This projection was validated with the memecoin posting a series of bullish candles on the lower timeframes.

With Bitcoin [BTC] leading the bullish charge over the past week, SHIB traders could turn the short-term recovery into a long-term bullish move.

Buyers show good bullish signs, but need more momentum

Source: SHIB/USDT on Trading View

The daily timeframe underlined the growing bullish recovery with three bullish candles in a row. This was reflected by the Relative Strength Index (RSI) hitting the neutral-50 to suggest an equilibrium between buying and selling pressure.

Furthermore, the stability of the daily trading volume, as shown by the On Balance Volume (OBV), was good news for buyers. However, a sustained long-term bullish rally would need the trading volume to rise significantly.

With the price trading at $0.000007 as of press time, buyers can look to scale the $0.0000075 hurdle on the higher timeframes. This would be a bullish breaker of the previous lower low and could see Shiba Inu easily hit the $0.00000807 resistance.

However, strong capital outflows could be a mitigating factor. The Chaikin Money Flow (CMF) stayed in negative territory with a reading of -0.11. This is a sign that SHIB investors are not actively willing to back a long-term bullish run yet.

Buyers need to be wary of short positions

Due to strong capital outflows, sellers continued to hike their short positions in anticipation of another price drop. Also, the exchange long/short ratio revealed that shorts were in the lead as of the time of writing, with a 51.53% share of the open contracts.

Read Shiba Inu’s [SHIB] Price Prediction 2023-24

And yet, the $360k difference between shorts and longs highlighted a slim margin. This suggests that extra bullishness in the market could quickly hand buyers the advantage, resulting in a further advancement for the market’s bulls.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• OP rebounded from the critical support level with a 7.1% pump
• Buyers looked to maximize the hike in the short-term with a significant share of the long/short ratio

Optimism [OP] bounced off the $1.16-support level after registering 7.1% gains over the last 24 hours. This halted the steep price rejection from the $1.41 resistance level, as buyers looked to reverse recent losses.

Read Optimism’s [OP] Price Prediction 2023-24

With Bitcoin [BTC] trading above $29.5k, OP buyers can take advantage to register more gains in the short term.

Bulls retained vital buying pressure at critical support level

Source: OP/USDT on Trading View

A look south revealed the bullish strength at the $1.16 support level. Earlier in July, bulls had rallied strongly from the support level to a Q3 high of $1.8. Thus, the price rebound off this level could see another strong bullish rally.

However, bulls will have to contend with two near-term obstacles. If buyers can cross the bearish low hurdle at $1.3, more gains can be achieved by flipping the $1.41 resistance level to support.

Meanwhile, the RSI (Relative Strength Index) highlighted growing buying pressure by moving above the neutral level with a reading of 56. Also, the OBV (On Balance Volume) displayed steady trading volume which could aid the bullish momentum.

Buyers dominated the exchange long/short ratio

Source: Coinglass

Data from Coinglass highlighted that buyers were in the majority in the short term. The exchange long/short ratio on the one-hour timeframe revealed buyers held a 57% share of the open contracts.

How much are 1,10,100 OPs worth today?

This suggested a heavy bullish bias for additional short-term gains on Optimism. Thus, a price surge above $1.3 could strengthen the bullish conviction and result in a sustained bullish rally.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

• DOT buyers produced another successful defense of the $3.6 support with a 5% price hike
• Open Interest rose by over $4 million on the lower timeframes to reveal short-term bullish strength

Polkadot [DOT] bounced off the $3.6 support level for the second time in a row within a week. The 5% bullish rebound from the support level over the past two days brought some breathing space for buyers.

How much are 1,10,100 DOTs worth today?

An earlier technical analysis by AMBCrypto highlighted the intense selling pressure on DOT with the possibility of the altcoin heading towards another price low. However, the price rebound from the support level has helped bulls in the short term, although the selling pressure still persisted.

Meanwhile, Bitcoin [BTC] continued to trade above the $29.5k support level, with bulls bidding to take the king coin back to $30k.

Can DOT buyers seize the initiative?

Source: DOT/USDT on Trading View

The sustained bearish downtrend for DOT pulled its price to new lows in October. And yet, buyers remained keen on a price reversal. With multiple support levels now flipped to resistance, buyers have a big task to embark on a sustained bullish rally.

The first hurdle for bulls lies around the $4-resistance level. A look south on the 12H timeframe showed buyers mounting a month-long defense at this level before it caved to selling pressure. This suggested that some buy orders could still exist at the level to provide needed momentum for buyers.

Thus, short-term buyers can anticipate 5% gains from its current price level of $3.7 to the $4-resistance level. Nevertheless, a price rejection around the $4-level could keep DOT in a range on the lower timeframes.

In the meantime, the CMF (Chaikin Money Flow) revealed decent capital inflows, as it climbed above the zero mark. On the other hand, the RSI (Relative Strength Index) showed that selling pressure was still present. Despite the RSI climbing strongly out of the oversold zone, it remained under the neutral 50.

Open Interest showed bulls had short-term momentum

Source: Coinalyze

Data from Coinalyze on the one-hour timeframe underlined DOT longs in the ascendancy. The Open Interest (OI) rose from $161.93 million to $166.12 million over the last 24 hours. This hinted at an increase in long positions, which might mean a further price incline.

Read Polkadot’s [DOT] Price Prediction 2023-24

Likewise, the spot CVD was also on the rise, highlighting demand flowing in for DOT. As such, a bullish scenario remains possible in the short term, despite the long-term bearish bias.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• AAVE rallied strongly from the $61 support level with 10% gains over the past day.
• The funding rate remained positive with longs in the majority. 

Aave [AAVE] pulled off a strong 10% rally from the key $61 support level. This took the altcoin to the edge of the $70 resistance level with buying pressure continuing to rise.

Read Aave’s [AAVE] Price Prediction 2023-24

AMBCrypto had previously predicted the possibility of AAVE going on a bullish run after buyers showed their resilience to halt the bearish retracement at $61. This analysis was validated with the recent price pump.

Meanwhile, Bitcoin [BTC] consolidated its bullish gains above $29k with the possibility of touching $30k in the coming days.

Can bulls flip the $70 resistance?

Source: AAVE/USDT on Trading View

The Relative Strength Index’s (RSI) reading of 68 highlighted the significant buying pressure on the 12H timeframe. This hinted at a continuation of the bullish advance toward the critical resistance level.

Likewise, the On Balance Volume (OBV) registered an uptick to signal that more buyers were looking to ride the bullish momentum.

Despite the bullish momentum, the $70 resistance level has proven a tough hurdle for buyers. Price was rejected twice at the level on 2 October and 5 October. However, buyers will be confident that the bullish market conditions could result in more gains.

If bulls are successful in flipping the resistance, additional gains can be found at $75 to $80. Yet, another price rejection at the resistance level could keep AAVE stuck in a range between $61 and $70.

Shorts wrecked by price pump

Source: Coinglass

Data from Coinglass revealed that AAVE sellers were caught out by the price pump over the past day. $309.98k worth of short positions were wrecked, amounting to 76.86% of the total liquidations.

How much are 1,10,100 AAVEs worth today?

This had a ripple effect on the funding rate which stayed largely positive, despite a slight dip. It showed that long traders were in the majority and AAVE could hit another bullish milestone in the short term.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• XLM broke the trend of recent losses with a 6.5% pump over the past day.
• Positive funding rates hinted at dominance of long traders.

Stellar Lumens [XLM] took advantage of the bullish price action in the market to register a 6.5% jump. Bitcoin’s [BTC] foray above the $29.5k resistance flipped the market green and XLM buyers rode the king coin’s bullish wave.

Read Stellar Lumens’ [XLM] Price Prediction 2023-24

A price report by AMBCrypto on 13 October highlighted the possibility of more bearish gains after sellers breached the $0.11 support level. However, the upturn in market conditions allowed bulls to rally, although the $0.11 hurdle could stand in the way of additional gains.

Bullish market conditions presented an opportunity for bulls to reverse recent losses

Source: XLM/USDT on Trading View

Prior to the pump over the past day, XLM maintained a significant bearish downtrend since late July. Despite the bearish downtrend, the $0.11 support was a tough level for sellers to crack until 6 October.

Nevertheless, buyers remained active in the market and produced a bullish move between 12 October and 16 October which was rejected at the new $0.11 resistance. With bulls preparing another attempt to recover the $0.11 level, it could be a different outcome this time.

The Relative Strength Index jumped from 35 to 58, as the buying pressure ramped up significantly. Similarly, the Chaikin Money Flow highlighted strong capital inflows into XLM, rising to +0.14.

A bullish recovery of the $0.11 price level would provide the leverage needed to push for more gains at $0.12 to $0.13. On the flip side, another price rejection at $0.11 could drop XLM into a range between $0.096 to $0.11.

How much are 1,10,100 XLMs worth today?

Muted response in the derivatives market

While XLM pumped in the spot market, the reaction in the futures market was quite dull. The Open Interest jumped from $35 million to $39 million but dropped back to $37 million, as of the time of writing.

This hinted at fluctuating bias with market participants not yet convinced of the bullish move. Despite the uncertainty, the funding rate remained largely positive, showing that long traders remained dominant in the market.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.

• Rising bullish sentiment translated to 8.5% gains for XRP over the past day.
• A surge in Open Interest could spur a bullish rally. 

Ripple [XRP] extended its range-bound movement with an 8.5% rebound from the $0.48 price zone. This took XRP beyond the $0.5 mid-range point and could serve as a catalyst for a bullish breakout of the price range.

How much are 1, 10, or 100 XRP worth today?

AMBCrypto’s previous price analysis highlighted the growing bullish sentiment with the Open Interest and Spot CVD climbing higher.

Hence, Bitcoin’s [BTC] swift rally above $29k along with the Securities Exchange Commission dropping the lawsuit against Ripple executives spurred a bullish reaction in the market. Is this what XRP needs to go on a bullish run?

Consolidation of gains above $0.5 could initiate bullish rally

Source: XRP/USDT on Trading View

The bullish bias was clearly evident in the market with the CMF (Chaikin Money Flow) moving into positive territory with a reading of +0.12. This signaled good capital inflows into XRP, as buyers looked to ride the wave of optimism surrounding the altcoin.

With price trading above the mid-range point of $0.5, a candle close above the mid-range on the higher timeframes could spur more buyers into action. If the range-high hurdle at $0.556 is cleared, this would pave the way for a strong rally toward the $0.6 to $0.65 price zone.

Meanwhile, the RSI (Relative Strength Index) showed rising buying pressure. It climbed above neutral 50 over the past day and posted a reading of 65, as of press time.

Read Ripple’s [XRP] Price Prediction 2023-24

Bullish conviction strengthened in the futures market

The surge in Open Interest (OI) reiterated the bullish bias on XRP. According to Coinalyze, the OI jumped by 15.6% over the past 24 hours. This took it from $363 million to $409 million, as of press time. A rise in OI and price is typically a strong signal of further bullish gains.

Furthermore, the spot CVD which started to climb on 9 October continued to trend higher. This showed continuous demand for XRP which could spur additional gains for short-term buyers.