The bearish pattern hints at a further correction.
Solana failed to climb above the $135 resistance. SOL price started another decline, dropping nearly 10%, and now the bears aim for more downsides. SOL price remained in a bearish zone below the $142 resistance against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $130 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if there is a close below the $122.50 support zone. Solana Price Takes Hit Solana price attempted a recovery wave above the $132 level. However, SOL bears defended upsides above the $135 level and the price started another decline like Bitcoin and Ethereum. There was a drop below the $130 and $125 support levels. A low was formed at $123.24 and the price is currently trading in a downtrend. There is also a connecting bearish trend line forming with resistance at $130 on the hourly chart of the SOL/USD pair. Solana is now trading below $130 and the 100-hourly simple moving average. If there is a recovery wave, the price might face resistance near the $126.50 level or the 23.6% Fib retracement level of the downward move from the $136.65 swing high to the $123.24 low. Immediate resistance is near the $128.50 level. The next major resistance is near the $130.00 level or the trend line. It is close to the 50% Fib retracement level of the downward move from the $136.65 swing high to the $123.24 low. A successful close above the $130.00 resistance could set the pace for another steady increase. The next key resistance is near $132.50. Any more gains might send the price toward the $136.50 level. More Losses in SOL? If SOL fails to recover above the $130.00 resistance, it could start another decline. Initial support on the downside is near the $123.50 level. The first major support is near the $122.00 level, below which the price could test $120.00. If there is a close below the $120.00 support, the price could decline toward the $112.50 support in the near term. Technical Indicators Hourly MACD – The MACD for SOL/USD is gaining pace in the bearish zone. Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is below the 20 level. Major Support Levels – $122.00, and $120.00. Major Resistance Levels – $126.50, $130.00, and $132.50.
The post Memecoins Bleeding: PEPE, WIF, BONK, BOME, & FLOKI Crash Hard: Here’s What You Can Expect by the Month-End! appeared first on Coinpedia Fintech News
Starting the week’s trade on a bearish note, Bitcoin lost one of its important supports at $63,500, which caused the price to drop below $62,500. This move has caused the memecoin space to lose over 5% of its market cap as the trading volume soars by above 18% in the past 24 hours. With this, …
Mechanism Capital’s Andrew Kang believes an Ether ETF would provide limited upside for the asset unless Ethereum “develops a compelling pathway to improve its economics.”
The post Altcoin Market Might Crash 30-40% If Bitcoin Price Drops Below $60K This Week appeared first on Coinpedia Fintech News
The total cryptocurrency market cap dropped 3 percent in the past 24 hours to hover around $2.4 trillion on Monday during the early Asian session. The market turned bearish over the weekend as Bitcoin’s (BTC) price continued its recent downward trend. The flagship coin closed last week around $63k, a major support/resistance level that has …
The post BTC Price Slumps Below $63,000: Why Bitcoin Price is Falling Today? appeared first on Coinpedia Fintech News
Bitcoin price is plunging hard! Altcoins are bleeding! The entire crypto market cap was slashed by nearly 2%, suggesting a bearish trade is in play. Moreover, the ETF’s outflows have exceeded the inflow count and the rising altcoin dominance can be considered as a major reason behind the decline. However, the BTC price was speculated …
XRP price struggled to recover above the $0.4880 resistance zone. The price is moving lower and the bears might aim for a move toward $0.4550. XRP price faced another rejection near the $0.4880 resistance zone. The price is now trading below $0.4850 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.4810 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could extend losses if there is a close below the $0.4720 support zone. XRP Price Extends Losses XRP price attempted a recovery wave above the $0.4820 resistance zone. However, the bears were active near the $0.4880 resistance zone. A high was formed at $0.4884 and the price started a fresh decline like Bitcoin and Ethereum. There was a move below the $0.4850 and $0.4800 levels. There was even a test of the $0.4720 support. A low was formed at $0.4722 and the price is now consolidating losses. It is also trading below $0.4850 and the 100-hourly Simple Moving Average. If there is a fresh increase, the price might face hurdles near the $0.4765 level or the 23.6% Fib retracement level of the downward move from the $0.4884 swing high to the $0.4722 low. The first major resistance is near the $0.4810 and $0.4820 levels. There is also a connecting bearish trend line forming with resistance at $0.4810 on the hourly chart of the XRP/USD pair. The trend line is close to the 50% Fib retracement level of the downward move from the $0.4884 swing high to the $0.4722 low. A clear move above the $0.4820 resistance might send the price toward the $0.4880 resistance. The next major resistance is near the $0.50 level. A close above the $0.50 resistance zone could send the price higher. The next key resistance is near $0.5120. Any more gains might send the price toward the $0.5250 resistance. More Losses? If XRP fails to clear the $0.4820 resistance zone, it could continue to move down. Initial support on the downside is near the $0.4720 level. The next major support is at $0.4650. If there is a downside break and a close below the $0.4650 level, the price might decline heavily. In the stated case, the price could even trade below the $0.450 support in the near term. Technical Indicators Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.4720 and $0.4650. Major Resistance Levels – $0.4820 and $0.4880.
The Bitcoin developer says Brollups can support more than 90% of decentralized finance use cases, from NFT sales to token orders on DEXs.
Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350 support levels. Ethereum Price Dips Further Ethereum price struggled to start a fresh increase above the $3,550 zone. ETH followed Bitcoin’s bearish path and the price declined below the $3,500 level. The bears pushed the price below the $3,420 support zone. A low was formed at $3,388 and the price is now consolidating losses. It is struggling near the 23.6% Fib retracement level of the recent decline from the $3,543 swing high to the $3,388 low. There is also a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD. Ethereum is now trading below $3,500 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $3,430 level. The first major resistance is near the $3,465 level and the trend line. The trend line is near the 50% Fib retracement level of the recent decline from the $3,543 swing high to the $3,388 low. The main resistance sits at $3,520 or $3,550. An upside break above the $3,550 resistance might send the price higher. The next key resistance sits at $3,650, above which the price might gain traction and rise toward the $3,720 level. Any more gains could send Ether toward the $3,880 resistance zone in the coming days. More Downsides In ETH? If Ethereum fails to clear the $3,465 resistance, it could start another decline. Initial support on the downside is near $3,385. The first major support sits near the $3,350 zone. A clear move below the $3,350 support might push the price toward $3,220. Any more losses might send the price toward the $3,100 level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,350 Major Resistance Level – $3,465
Ark Invest CEO Cathie Wood announces support for Donald Trump, citing economic reasons and aligning with his pro-crypto stance.
The post Cathie Wood says she will vote for Trump, sees him as best for US economy appeared first on Crypto Briefing.
Bitcoin price started another decline after it struggled near $64,550. BTC declined below the $63,500 support and might continue to move down. Bitcoin started a fresh decline from the $64,550 resistance level. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if there is a clear move below the $62,700 and $62,500 support levels. Bitcoin Price Dips Further Bitcoin price failed to recover above the $65,000 level. BTC struggled near $64,550 and started another decline. There was a steady decline below the $64,000 and $63,500 levels. The price even declined below the $63,000 level. A low was formed at $62,700 and the price is now consolidating losses. There is also a connecting bearish trend line forming with resistance at $63,600 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. If there is a recovery wave, the price could face resistance near the $63,550 level and the 23.6% Fib retracement level of the downward move from the $66,444 swing high to the $62,700 low. The first major resistance could be $64,000. The next key resistance could be $64,500 or the 50% Fib retracement level of the downward move from the $66,444 swing high to the $62,700 low. A clear move above the $64,500 resistance might start a steady increase and send the price higher. In the stated case, the price could rise and test the $65,500 resistance. Any more gains might send BTC toward the $66,200 resistance in the near term. More Downsides In BTC? If Bitcoin fails to climb above the $63,550 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,700 level. The first major support is $62,200. The next support is now forming near $62,000. Any more losses might send the price toward the $61,200 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,700, followed by $62,200. Major Resistance Levels – $63,550, and $64,500.
Tokenized financial assets have seen a slow start, and broad adoption is “far away,” but McKinsey analysts predicts some to take off faster than others.
Dogwifhat saw the steepest 7-day price decline among the top 100 cryptocurrencies by market cap but remains in fourth place among memecoins.
Swan Bitcoin CIO Raphael Zagury believes Bitcoin could bring a fresh start for those disillusioned by current politics.
The post Bitcoin could bring ‘substantial change’ for many people disillusioned with current politics, says expert appeared first on Crypto Briefing.
Saylor’s comments came during a wide-reaching discussion with Bitcoin podcast host Robin Seyr.
Popular cryptocurrency portfolio tracker CoinStats is reeling from a security breach that exposed user wallets and sent scam notifications to mobile devices. The company has taken the drastic step of shutting down its platform entirely while they investigate the incident. The breach, confirmed by CoinStats on their official social media channel, compromised a yet-to-be-determined number […]
TON, PEPE, KAS, and JASMY could attract buying if bears fail to pin Bitcoin below $64,602.
Quantum computing for finance is proving to be one of the harder problems for scientists in the field.
Centralized sequencers achieve higher throughputs and performance, but they also create severe security risks — illustrated by a $2.6 million exploit on Linea.
The cryptocurrency kingdom is abuzz with chatter of a potential changing of the guard. Bitcoin, the undisputed king for over a decade, finds its dominance challenged by a restless altcoin army. Analyst Egrag Crypto has identified a critical juncture that could spell either a surge in Bitcoin’s reign or a long-awaited altcoin uprising. Related Reading: […]
The price of XRP, the native token of RippleNet, has been caught in the crosshairs of a bearish crypto market. Currently trading below the crucial $0.50 mark, XRP seems to be following the broader market trend. However, a recent analysis by market analyst Tylie Eric throws a glimmer of hope for XRP holders, predicting a potential price surge based on a technical indicator. Related Reading: Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars Understanding Elliott Wave Theory Eric argues that XRP’s price movements might be following a historical pattern known as the Elliott Wave theory. This theory proposes that market trends unfold in a specific five-wave structure, with each wave representing a distinct phase in the price cycle. According to Eric, XRP has exhibited this five-wave structure on multiple occasions in the past on its weekly chart. Notably, each time this pattern materialized, the fifth and final wave culminated in a significant price increase. #XRP. BEAT BY BEAT I think XRP has ticked all the boxes and held all requirements to continue with wave 3 of wave 5, Same way it did in 2017! pic.twitter.com/qqexAC7b1X — Tylie E (@TylieEric) June 20, 2024 Eric cites the example of early 2017, where the completion of the fifth wave triggered a surge that propelled XRP to a high of $0.39, a staggering 7,700% increase. This upswing was followed by a brief consolidation period before another decisive rally to $3.30. A Potential Fifth Wave? Building on this historical precedent, Eric believes XRP is nearing the conclusion of another five-wave structure that began its formation after the 2017 price drop. His analysis suggests that all four preceding waves have unfolded over the past six years, paving the way for a potential fifth wave that could mirror the dramatic rise witnessed in 2017. Eric’s audacious prediction hinges on the assumption that the fifth wave will again translate to a substantial price increase. His chart projects a potential upsurge of a staggering 7,630%, which would propel XRP to a price target of a phenomenal $36. This prediction aligns with forecasts from other analysts like CryptoInsightUK, who projected an XRP price surge to $34 last September. Related Reading: Don’t Miss The Floki FOMO: Social Media Sends Meme Coin On 300% Rip Long Way Ahead Eric’s prediction hinges on the completion of the Elliott Wave structure, a technical theory that remains a subject of debate among financial experts. Furthermore, the $36 price target appears highly ambitious. It’s important to remember that achieving such a price point would require XRP to surpass the current market capitalization of all cryptocurrencies combined. Featured image from Getty Images, chart from TradingView
What's the best way to place a value on a cryptocurrency? Take your pick, because there are dozens of options.
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
The user fell victim to the phishing scam after signing multiple phishing signatures, which led to losing their digital assets.
Recent on-chain data suggests Bitcoin’s current woes might not yet be over as short-term holders continue to feel the heat. Bitcoin has failed to rebound significantly after a price decline in the past week, leaving many investors wondering whether to expect further declines in the coming weeks. Notably, data reveals short-term holders have been left […]
As the major pieces begin to fall into place, XRP may now be in a position where things are going well for its future price trajectory. While XRP enthusiasts are still reeling in amazement over Ripple’s recent win in court, a crypto analyst has dropped a bullish XRP price prediction that investors can look forward to. According to the analyst known as Jaydee, XRP is getting close to skyrocketing into new price territories. Related Reading: Follow The Whales? Arthur Hayes Buys Pendle, Token Soars 25% Analyst Predicts XRP Rally To $7.5 XRP days of trading less than $1 may be ending very soon, according to a recent price prediction by crypto analyst Jaydee. The analyst made this known while sharing an ultra bullish prediction on social media platform X. According to the XRP/USD bi-weekly price chart shared by the analyst, a six-year trendline is finally drawing to a close. This trendline closure could signal the start of a massive bull run. Interestingly, Jaydee’s technical analysis is based on a non-logarithmic price scale for XRP and a previous occurrence. Despite the price swings in the past six years, XRP has broadly traded within a descending channel since its record peak of $3.40 in 2017. The upper resistance line has capped upside around $1.90, while the lower support line has held above $0.14 during the multi-year bear market. However, recent price action suggests the entire 6-year downtrend is now wedging towards an apex. The contracting range is leaving less and less room for XRP to fluctuate between resistance and support. XRP Set For A Breakout As pointed out by Jaydee, this only suggests XRP is set for a breakout to the upside. Furthermore, the analyst indicated a price target of $7.5 when XRP finally surges. With XRP currently trading at $0.4873, this price target represents an increase of 1,430%. While that may sound outlandish, the analyst points to a similar price cycle between 2013 and 2017 to justify such an explosive move. Notably, a similar breakout of a five-year descending triangle pattern saw XRP surge over 600x to peak at $3.4. Jaydee also noted “dumb money” traders will eventually be left behind during the surge. “We will make sure to take PROFITS on Dumb Money! It will be a FUN but VERY SAD cycle for most,” the analyst said. Related Reading: Don’t Miss The Floki FOMO: Social Media Sends Meme Coin On 300% Rip Whether XRP can replicate those blistering gains remains to be seen. Despite his outrageous bullishness, Jaydee did reply affirmatively to a comment mentioning that this cycle could be different from the 2017-2021 cycle. Looking at XRP’s chart, some key resistance zones to watch are around $0.54, $0.63, and $0.8. Featured image from Adobe Stock, chart from TradingView
The post Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support? appeared first on Coinpedia Fintech News
The crypto market has constantly traded under a bearish sentiment for a brief period, indicating an increase in the selling pressure within the crypto space. Moreover, the market leader, BTC price has failed to hold its value above the $65,000 mark. Following in its footsteps, the altcoin leader, the Ethereum token has recorded a consolidated …
A popular crypto analyst has explained how the Bitcoin price could be at risk of further downside based on the current distribution of BTC supply around the price. This Bitcoin Price Range Holds A Critical Supply Barrier In a recent post on the X platform, prominent crypto pundit Ali Martinez discussed how the price of […]
The cryptocurrency market witnessed severe bearish pressure over the past week, and the price of Chainlink (LINK) wasn’t an exception. The altcoin has continued to struggle with its torrid form, losing nearly 10% of its value in the last seven days. Interestingly, the bears seem to still be in control at the moment, with the latest on-chain revelation suggesting that there might be further downside for the LINK price over the next few days. Are Chainlink Investors Offloading Their Assets? Popular crypto analyst Ali Martinez revealed in a post on the X platform that huge amounts of the Chainlink token have made their way to centralized exchanges in the past day. This on-chain observation is based on Santiment’s “Supply on Exchanges” metric, which tracks the amount of a particular cryptocurrency being held on centralized exchanges. Related Reading: Little-Known But Important Dogecoin Indicator Goes Off, How High Can It Drive Price? When this metric’s value increases, it implies that investors are making more deposits than withdrawals of a cryptocurrency (Chainlink, in this case) into centralized exchanges. A decrease in the metric’s value, on the other hand, indicates that holders are moving their coins out of the trading platforms. According to data from Santiment, more than 18.77 million LINK (worth roughly $256.2 million) were transferred to cryptocurrency exchanges in the past day. This substantial transfer represents one of the largest single-day movements for the Chainlink token in recent months. Interestingly, a report from SpotOnChain revealed that 21 million tokens were unlocked from Chainlink’s non-circulating supply contracts on Friday, June 21. Specifically, the contract transferred 2.25 LINK tokens were sent to the multi-sig wallet 0xD50f More notably, 18.25 million LINK tokens were sent to Binance, the world’s largest cryptocurrency exchange. This significant token unlock presents a case of supply inflation, which can impact the value of the token especially if a sell-off occurs. Moreover, these fund movements can precipitate an increase in market volatility and possibly lead to price fluctuations. Given the magnitude and destination of these transfers, there is a greater likelihood of increased selling pressure, which can drive down the price of LINK. Is A Return To $12 On The Cards? As of this writing, the price of Chainlink is barely holding above $13.6, having declined by more than 3% in the past day. Meanwhile, the altcoin slumped 9% from about $15 to $13.5 over the past week, according to data from CoinGecko. If the recent selling pressure continues, then further decline might be on the horizon for LINK’s price. This could see the cryptocurrency make a return to around the $12 price zone for the first time in more than a month. Related Reading: Toncoin Transfer Volume Hits $10 Billion, Social Appeal Soars Nevertheless, the Chainlink token ranks amongst the top 20 largest cryptocurrencies in the sector, with a market capitalization of over $8.27 billion. Featured image from Binance Academy, chart from TradingView
With the incorporation of this security measure, EigenLayer seeks to protect the service it offers while guaranteeing its availability to all clients.