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Citigroup's bullish Bitcoin forecast may drive increased investor interest, potentially impacting cryptocurrency market dynamics and adoption.
The post Citigroup sets 12-month Bitcoin price forecast at $181,000 appeared first on Crypto Briefing.

#markets #defi #web3 #dexs #tokens #protocols #token projects #crypto ecosystems

The milestone represents a 48% surge compared to August's $707.6 billion trading volume, with September's total coming in at $1.05 trillion.

Despite dominating stablecoin inflows, Tether’s USDt and Circle’s USDC have slowly lost market share, signaling the end of the “stablecoin duopoly.”

#bitcoin #btc price #bitcoin price #btc #bitcoin news #btc news

Bitcoin is sitting at the “lowest amount of volatility of all time” on the monthly chart, and that historically precedes the cycle’s most forceful upside, according to crypto analyst Kevin (Kev Capital TA). In an October 1 video analysis, Kevin tied an all-time low in the Bollinger Bands Width (BBW) to a long-running pattern across prior cycles and argued that the setup into Q4 leaves “no excuses” for the market not to push higher if key supports hold and the macro backdrop stays benign. Kevin builds his case around two higher-timeframe indicators: the monthly BBW and the monthly RSI. BBW tracks the distance between the Bollinger Bands rather than plotting the bands themselves; compressed width signals historically low realized volatility and the potential for sharp expansion. “We are at the lowest Bollinger Band width we have ever been at in Bitcoin history,” he said, calling it an inflection that has repeatedly aligned with outsized trend moves. He pairs that with a monthly RSI that topped in prior blow-off phases and is currently consolidating in what he describes as a bull-flag structure. “Anytime the Bollinger bandwidth percentage gets as low as it is right now… every single time in history on the monthly time frame, we have experienced massive moves higher in the market,” he argued. To illustrate the cycle rhyme, Kevin pointed to late 2013 and 2017, when monthly RSI peaked around 96 and 95 respectively while BBW expanded into cycle tops after earlier troughs in volatility. In the subsequent bear-market basing phases, he says BBW fell to cycle lows before fresh expansions began. In the most recent cycle run-up, he characterizes Q4 2023 into March 2024 as the “real rally,” noting that RSI topped near 76 and has since been coiling with “lower highs and higher lows on the monthly RSI… very, very nice looking.” Related Reading: Bitcoin Will Go To $1 Million, Telegram Founder Durov Predicts The analyst underlined a key conditional: the technical structure only resolves bullish if Bitcoin preserves its higher-timeframe support. He cites the weekly “bull market support band” and nearby horizontal levels as the line in the sand. “As long as Bitcoin can hold key levels, that being the weekly bull market support band, which currently sits at 109.2K, [and] the 106.8K level, then there’s no excuses as to why Bitcoin should not be able to press higher in quarter four,” he said. What To Watch Now For Bitcoin Beyond chart structure, Kevin layered in macro and on-chain context as corroborating, not leading, evidence. On macro, his base case is that the policy environment is turning supportive: “We have stable inflation, pretty much flatlined… a weakening jobs market, but not cratering… steady GDP growth, and we have a Fed who’s looking to ease.” Referencing weaker-than-expected ADP employment data and recent FOMC signaling, he added: “We have a rate cut projected for October… for December… and [possibly] January,” and suggested the Fed’s quantitative tightening could approach an end as bank reserves tighten. He was explicit that the path depends on those conditions persisting: “As long as our macroeconomic landscape here in the US remains favorable… the pathway is laid for crypto to go higher in Q4.” On valuation and positioning, Kevin turned to a logarithmic regression model of total crypto market capitalization and a “Bitcoin risk metric.” He said total market cap has not yet exceeded his model’s fair-value trendline this cycle—placing fair value at about $4.38 trillion versus roughly $4 trillion for the current reading in his framework—and argued that previous cycle-defining blow-offs began only after crossing above fair value. Related Reading: Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance “Every single time… we finally broke past the fair value logarithmic regression line, you have seen your biggest moves of the cycle,” he said. His risk metric, color-coded from low to high, currently sits near 0.49–0.50 by his count, well below the 0.8–0.9 “red” zone he associates with durable tops. “Not once this entire cycle has Bitcoin hit basically the red risk level,” he noted, adding that monthly RSI near the high-60s/low-70s is “not seeing parabolic price action… not seeing insane euphoria.” Exchange behavior is another pillar of his non-top thesis. In prior cycle peaks, he said, net flows of BTC to exchanges surged as participants prepared to sell. “Not only is that not occurring, but net flows are going off of exchanges,” he said. “That is not cycle top behavior. That is accumulation behavior.” The combination—compressed monthly volatility, consolidating momentum, sub-threshold risk, and outflows—leads him to a single conclusion: “There is major volatility coming. If anything, it’s starting now.” Kevin also acknowledged uncertainties around near-term US economic prints and even government operations, but he returned to the core of his method: synthesizing macro, technicals, and on-chain into a unified cycle view. “We don’t lean in one direction… We put it all together,” he said. Under that blended framework, he contends, calling a cycle top at current levels would “go against every single piece of information we have ever used in the past to determine cycle tops,” and would force a rethink of the model only if the market proves it wrong. The battle lines, in his telling, are clear. Hold the weekly bands around $109.2K and $106.8K, keep the macro trajectory supportive, and the historical pattern of BBW compression resolving in a powerful, final upside leg should play out as Q4 progresses. Or, as Kevin put it in the line that defined his thesis: “Every time this happened, price went vertical.” At press time, BTC traded at $118,811. Featured image created with DALL.E, chart from TradingView.com

Tether is estimated to be the crypto company closest to rivaling OpenAI’s $500 billion valuation, far ahead of Coinbase, Ripple and Circle.

#regulation

Thailand's ETF expansion could boost institutional crypto adoption and position the country as a digital asset leader in Asia-Pacific.
The post Thailand set to broaden ETF lineup beyond Bitcoin: Bloomberg appeared first on Crypto Briefing.

#finance #tokenization #ethereum #news #securitize

The move positions FG Nexus (FGNX) among the first Nasdaq-listed firms to bring dividend-paying stock on blockchain rails.

#news

Spanish bank BBVA has teamed up with Singapore’s SGX FX to launch retail crypto trading in Europe. Starting October 2, 2025, customers can now buy and sell Bitcoin and Ethereum directly on BBVA’s platform, with trading open 24/7.  The move comes under the EU’s MiCA rules, making it one of the first regulated services of …

#news #crypto daybook americas

Your day-ahead look for Oct. 2, 2025

Google’s Gemini AI can help organize research, compare tokenomics and cut through noise. Here’s a workflow to analyze coins before you invest responsibly.

#altcoin #telegram #tokenized securities #telegram open network #telegram news #telegram wallet #tokenized stocks

Telegram is taking another step toward bridging traditional finance with crypto. Through a new partnership among Wallet in Telegram, xStocks operator Backed, and US-based crypto exchange Kraken, tokenized equities will soon be available directly within the messaging platform. The announcement, made on Wednesday, confirms that users will gain access to tokenized versions of US equities. Related Reading: Metaplanet Expands Bitcoin Holdings To Over 30K BTC – Details Wallet in Telegram, a third-party crypto wallet app integrated into the Telegram ecosystem, will serve as the gateway for this new offering. By leveraging xStocks, which specializes in tokenized assets, and Kraken’s infrastructure, the platform aims to deliver seamless trading of tokenized stocks and ETFs. Users will be able to purchase fractions of these equities in digital form, opening access to markets that are typically less inclusive. This move represents a significant evolution in Telegram’s crypto ecosystem, expanding beyond digital assets into the tokenization of traditional securities. It also underscores the growing role of tokenized finance in making equities more accessible, liquid, and tradable across global markets. With the launch planned for late October, investors are watching closely to see how Telegram’s massive user base responds to this new frontier. Wallet In Telegram Unlocks Tokenized Equities The news was shared by Wallet in Telegram’s chief strategy officer, Halil Mirakhmed, during Token2024 Singapore, highlighting the project’s mission to merge traditional financial markets with Web3 accessibility. At the same event, Max Crown, President & CEO of the TON Foundation, outlined the significance of the move in his keynote at Token2049. He emphasized that the partnership with xStocks, in collaboration with Kraken and Backed, will allow over 100 million Telegram users to access more than 60 tokenized US assets at launch. These will include major names such as Nvidia (NVDA), Tesla (TSLA), and MicroStrategy (MSTR), all backed by a 1:1 collateralization framework to ensure trust and transparency. One of the most notable features of this integration is fractional ownership, which enables users to purchase small portions of high-value stocks that might otherwise remain inaccessible. Trading will also be available 24 hours a day, five days a week, breaking away from the restrictions of traditional US market hours. This flexibility lowers barriers for global investors and represents a major step toward democratizing access to equities. Looking ahead, xStocks is set to become available on the TON blockchain in Q4, further cementing TON’s role as the foundation for Telegram’s growing financial ecosystem. By combining blockchain scalability, tokenization, and Telegram’s massive user base, the initiative has the potential to redefine how millions of people interact with traditional markets. Related Reading: Galaxy’s Digital Bitcoin Sales Continue: 1,190 Bitcoin Moves To Binance Toncoin Holds Support Amid Prolonged Downtrend Toncoin (TON) is trading around $2.80 after a modest rebound of nearly 3.6% on the 3-day chart. Despite the short-term bounce, the broader trend remains bearish, with TON locked in a prolonged downtrend since peaking above $8.50 in early 2024. Price has consistently posted lower highs and lower lows, signaling persistent selling pressure. The moving averages reinforce this picture. TON remains well below its 50-period (blue), 100-period (green), and 200-period (red) moving averages. The inability to reclaim these levels underscores weak momentum and the dominance of bears in the market. The $3.00 area has become a critical resistance zone; without a decisive break above it, TON risks further sideways or downward action. Related Reading: The Bitcoin Long: Bybit Traders Push BTC Taker Buy/Sell Ratio Above 24 Support continues to cluster near $2.50–$2.70, where buyers have stepped in repeatedly over the past months. A breakdown below this level could accelerate losses toward $2.00, while a successful defense may allow the token to consolidate and attempt another push higher. Featured image from ChatGPT, chart from TradingView.com

#cryptocurrency market news

Bitcoin has kicked off October with a strong rally, surging to a seven-week high of almost $119,450. Its price jumped 2% in just 24 hours, pushing the total crypto market capitalization to an impressive $4.08T. This huge jump has everyone excited, hoping for a repeat of the Uptober trend, a historically bullish month for Bitcoin. The rally was so big it even pushed Bitcoin’s market value past Amazon’s. It’s not just Bitcoin, either; other major coins like Ether, Solana, and Dogecoin are all riding this wave and seeing great gains. Gains are also coming in for Bitcoin Hyper ($HYPER), a project that promises to bring dApps and smart contracts to Bitcoin. ➡️ Read more about what Bitcoin Hyper is in our guide. Why is Bitcoin Suddenly Soaring? So what’s behind this sudden Bitcoin surge? It’s a mix of major economic and historical trends. First, there’s a good chance the Federal Reserve will cut interest rates again this month, mostly due to a weakening US job market. In fact, a popular prediction market now shows a 99% chance of a rate cut at the Fed’s next meeting; that’s a pretty strong signal. This tends to make riskier assets, like crypto, more appealing. Then there’s the history of Uptober. Based on our findings, Bitcoin has gained value in ten Octobers in the past 12 years, making it the most reliable month for gains. While Bitcoin has now broken past a key resistance level at $117.5K, it still has its eyes on the $120K mark. If it can break through that, we could be looking at new all-time highs. This rally shows that as traditional economic signs get weaker, Bitcoin is looking stronger and stronger as a place to put your money. And with projects like Bitcoin Hyper ($HYPER) increasing the speed and utility of Bitcoin, things can only get better. Bitcoin’s Slow, $HYPER’s the Shot in the Arm It Needs If you’ve ever tried to use Bitcoin for a quick payment, you’ll know that it takes ages and you pay a bunch of fees. It’s exactly the problem Bitcoin Hyper ($HYPER) is trying to fix. It’s a powerful upgrade that gives Bitcoin the speed and low costs it needs to become useful for things other than HODLing. Through a Layer 2 that handles transactions using the Solana Virtual Machine and a Canonical Bridge, Bitcoin Hyper ($HYPER) makes Bitcoin feel snappy and affordable. It’s about making the world’s most secure crypto also one of the fastest and cheapest to use. The new technology unlocks a ton of cool uses for Bitcoin. Bitcoin Hyper ($HYPER) enables developers to build dApps, run DeFi services, and even create new digital collectibles and NFTs, all on top of Bitcoin’s rock-solid foundation. It’s like turning an old-school flip phone into a modern smartphone. Transaction speeds become next to nothing, meaning Bitcoin is one step closer to being a truly practical currency. The project is getting a lot of attention because it has the potential to transform Bitcoin into a powerful tool you can use in everyday life without giving up any of its legendary security. So Is $HYPER Actually Worth It? $HYPER’s already raised over $19.8M showing it’s got the backing worthy of one of the best crypto presales of 2025. You can get your $HYPER now for $0.013015, and with 60% staking rewards, you can even earn passive income once it launches. Recap: Due to economic factors, bitcoin’s price is soaring, hitting a seven-week high of nearly $119,450, and sending its value past that of Amazon. While it rises, investors have their eyes on Bitcoin Hyper ($HYPER), which aims to bring the OG digital asset into the modern world. Authored by Aaron Walker, NewsBTC — https://www.newsbtc.com/news/bitcoin-nears-120k-as-traders-watch-hyper-presale

UK officials are weighing whether to keep about $6.4 billion in gains from Bitcoin seized in a 2018 Chinese fraud case, instead of passing it on to victims.

#markets #avalanche #token projects #deals #companies #crypto ecosystems #layer 1s

The deal includes an initial $200 million discounted AVAX purchase allocation through the Avalanche Foundation.

#cryptocurrency market news

Circle, the company behind the popular stablecoin $USDC, has just expanded its tokenized U.S. Treasury fund ($USYC) to the Solana Blockchain. Why is this a big deal? Solana’s known for its speed and low transaction costs, making it a perfect match for expanding $USYC’s reach. Previously available on Ethereum, Near, Base, and Canton, USYC is now live on Solana, with BNB Chain integration planned next. $USYC is basically a tokenized slice of a short-term US government money market fund. With a market value of over $635M, up 13% from last month, it’s making a splash in the world of crypto finance. While we’re talking about making a splash, it’d be remiss not to mention the next crypto to explode, Snorter Token ($SNORT). But more about that later. The Growing World of ‘Real-World Assets’ Circle’s latest move is occurring amid a surge in the tokenization of real-world assets (RWAs). We’ve seen the market explode in just one year, which demonstrates the growing demand from institutional investors for yield-bearing assets on-chain. The new Solana integration opens up numerous possibilities, such as using $USYC as collateral for trading derivatives or as a building block for other yield-generating strategies. The only catch is that the fund is only accessible to non-US institutional investors who pass KYC checks. Crypto platforms will have to update their systems to support the new eligibility checks, but it’s a challenge worth taking on to be part of the future of on-chain finance. As Solana opens up new possibilities to institutional investors, Snorter Token ($SNORT) does the same for you. What’s the Deal with Snorter Token ($SNORT)? Snorter Token ($SNORT) is a meme coin presale powering the Snorter Bot; a Solana-based trading assistant that helps you identify early crypto trends and execute trades with speed and precision. The Snorter Bot, personified by a cool, quirky aardvark, operates directly on the Solana blockchain via Telegram. This means you can trade right from your phone, and because it’s on Solana, you get super-fast trades and low fees. How Snorter Bot with $SNORT Makes Trading Easier Snorter Bot comes jam-packed with other features designed to make trading easier and safer. These include automated tools to help you snipe new tokens as soon as they launch, and features to protect you from common scams like rug pulls and honeypots. Even better, its 0.85% trading fees on Solana are among the lowest you’ll find, and the bot itself is designed to be faster than many of its competitors. This is crucial in a fast-paced market where every second counts. The bot also includes copy-trading features, which let you automatically follow the moves of top traders. It’s perfect if you’re just learning the ropes or want to leverage the expertise of others. There’s also protection against front-running and MEV, which helps to ensure your trades are fair. The Snorter Token ($SNORT) presale is gaining traction, having raised $4.2M with recent whale buys as high as $107.1K, $91.1K and $59K. With $SNORT, you’re not just holding a token; once the bot launches, you can use it to gain access to a powerful set of tools to navigate the crypto market with confidence. If the Snorter Token presale achieves its goals, experts predict an end-of-2025 high of $1.02, which would net you a return of 855%. But only if you act now. Grab your $SNORT today for $0.1067 and stake them for 113% APY.  Please note that this is not intended as financial advice, and you should always conduct your own research before making any investment decisions. Authored by Aaron Walker, NewsBTC — www.newsbtc.com/news/circle-expands-rwa-to-solana-snorter-token-next-crypto-to-explode/ ‎

#markets #news #blackrock #bitcoin etf

BlackRock’s iShares Bitcoin Trust leads $675.8M inflow as bitcoin tops $119,000.

Bitcoin may rally to $150K before year end as gold’s safe haven surge drives institutional demand, according to hedge fund founder Charles Edwards.

#dogecoin #doge #doge price #doge news #dogecoin news #dogecoin price

Crypto analyst Cantonese Cat (@cantonmeow on X) argues that DOGE remains in a long-duration advance that has not yet delivered its terminal impulse. In a video analysis published on October 1, the analyst lays out a multi-cycle framework built on logarithmic charting, Elliott Wave structure, and Fibonacci extensions, concluding that a run toward roughly $4 per coin is the most probable outcome of the current bull phase. “It’s all math,” he says, adding that liquidity dynamics and market structure—not simplistic notions of market capitalization—will determine how far the move extends. Dogecoin To $4? The analyst opens by dispelling social-media speculation about his identity—“even though I sound like Elon Musk, I’m not Elon Musk. I’m just a random cat”—before pivoting to the core claim: the long-term Dogecoin chart on a log scale shows three pronounced rounding-bottom cycles, each resolving higher, with the third now in progress. Related Reading: Crypto Analyst Predicts What Dogecoin Investors Should Expect Price-Wise This Month He characterizes the present structure as a sequence of cup-and-handle formations within that broader rounding base. “During this round of bottoms, we keep on having these kinds of cups and handle type patterns. And every single time when you have a handle… people get extremely, extremely bitter and sad. And I’ve just been buying the handle all the way down,” he says, noting his accumulation began “years” ago and that subsequent pullbacks remained buying opportunities within the cycle view. At the center of the thesis is an Elliott Wave roadmap that treats the 2021 mania as Wave Three, a prolonged corrective phase as Wave Four, and the emerging uptrend as the start of Wave Five. The analyst back-tests the structure using Fibonacci retracements and extensions on a log chart. He highlights that Wave Two retraced to the 0.5 level—“a common retracement for wave two”—while the Wave Three top aligned with a 1.618 extension of Wave One, the classic marker of an extended third wave. From there, the market corrected to approximately the 0.618 retracement—a textbook anchor for a Wave Four pullback—before beginning the present advance. Because Wave Three already extended to 1.618, he argues Wave Five should be shorter in relative terms, making hyper-extended targets less likely. Using the log-scale Fibonacci ladder from the Wave Four base, he proposes a target corridor between the 1.272 and 1.618 extensions, with the latter around $4.13 emerging as his base case. “I think anywhere from 1.272, 1.414, 1.618 would be a reasonable target with the most likely scenario… the 1.618, which is going to be $4.13,” he explains, while allowing for two alternative outcomes—a truncated fifth that stalls near the prior high around $0.76, or a more subdued reach to the 1.272/1.414 zone. The log-scale context is central to his methodology. He cautions that linear arithmetic with nominal prices can lead analysts astray when evaluating multi-order-of-magnitude cycles. He also emphasizes a practical trigger level within the current structure: “once it pushes through 33 cents, it’s going to hit some of the higher targets.” In his view, DOGE found support near a 1.236–1.272 region on the log ladder and is attempting to reassert itself above the 1.618 band—an area he frames as a pivotal resistance-turned-launchpad during prior cycle advances. The Math Behind It Anticipating skepticism around the implied market capitalization—roughly half a trillion dollars at $4—Cantonese Cat argues that cap-table arithmetic is routinely misinterpreted as a funding requirement rather than a reflection of marginal pricing under prevailing liquidity. “I think a lot of people think that you have to have $100 billion to pump Doge to $100 billion market cap. That’s not how it works,” he says. Instead, he attributes the path of least resistance to the interplay of derivatives, credit conditions, leverage, and the broader liquidity regime. “If you have a liquidity condition, if they keep printing money, if the market cycle supports this, you don’t need half a trillion dollars to push Doge to half a trillion dollar market cap.” Related Reading: Dogecoin Breakout Could Happen ‘In A Hurry,’ Analyst Warns He concedes that the May 2021 peak involved “a lot of irrational exuberance” but contends that similar dynamics could recur. “Money is what it is. It is an abstract concept. It is based on derivatives, is based on leverage, is based on market condition, is based on liquidity. As far as I’m concerned, just go with the flow.” There are important caveats embedded in his call. He stresses that Wave Five targets on a log scale resist the kind of linear add-ons some traders use, and he underscores path dependency: invalidations can emerge if DOGE fails to reclaim and hold key bands or if macro liquidity tightens materially. He also notes supply dilution—Doge’s ongoing issuance—though he treats it as a secondary consideration in a sentiment- and liquidity-driven supercycle. The alternative outcomes he outlines are explicit: a truncated fifth near $0.76 would mark a conservative terminal, while a stall at 1.272 or 1.414 would still deliver a materially higher high without matching Wave Three’s extension. Even with those guardrails, the thrust of the analysis is unequivocal. “The major impulse of wave five hasn’t really quite happened quite just yet,” he says, framing the market as early in the terminal advance of a multi-year structure. He reinforces that his framework is empirical rather than aspirational. “Use your imagination, follow technicals, it’s all math,” he concludes. For Dogecoin, that math points to a breakout above $0.33 as the next near-term tell and a probabilistic arc that terminates near the $4 handle if liquidity conditions cooperate. At press time, DOGE traded at $0.254. Featured image created with DALL.E, chart from TradingView.com

#markets #news #bitcoin etf #etfs #thailand

The country's SEC will allow local mutual funds and institutions to issue such funds under rules, SEC secretary-general Pornanong Budsaratragoon said.

#news

October has traditionally been one of the strongest months for crypto, and this year looks no different. Top Crypto analyst Virtualbacon highlights that while Bitcoin may set the tone, altcoins could lead the real gains this month. Therefore, Analyst Virtualbacon has highlighted the top altcoins to buy in October 2025 to make massive returns. Why …

#finance #news #bbva #sgx

Spanish bank BBVA integrates SGX FX’s digital asset platform, offering retail clients 24/7 access to bitcoin and ether.

#analysis #featured #price watch

Bitcoin price traded near $118,500 on Thursday as a U.S. government shutdown boosted rate-cut odds, the dollar eased, and a visible short squeeze accelerated across derivatives venues. Gold printed fresh record highs around $3,895 per ounce as rate-cut pricing firmed and the dollar index hovered near 97.6. These conditions historically align with stronger performance in […]
The post Bitcoin hits $118.5k: All-time high could be next as rate-cut bets crush shorts appeared first on CryptoSlate.

#markets #news #bitcoin #mining #btc #hashrate

A soaring hash rate has pushed difficulty to 150.84T, leaving miners facing shrinking profitability.

#markets #xrp #token projects #deals #companies #public equities

The Nasdaq-listed firm said it closed the equity raise at a 34% premium to the prior day's market closing price.

Bitcoin is due to halt its gains to consolidate, thanks to leading price indicators becoming “overbought,” the latest analysis reports.

XRP has established support at $2.80, igniting an October rally that may be further fuelled by ETF approval and the potential influx of institutional capital.

#information

The emerging crypto and digital asset markets have long been plagued by significant gaps and obstacles that have prevented seamless trade in and between these markets and traditional financial institutions. These gaps and obstacles are finally being overcome, thanks to Ouinex, a next-generation exchange that has officially opened its global beta, giving traders worldwide their …

#ripple #xrp #xrp price #ripple news #xrp news #xrpusd #xrpusdt

The XRP price is positioned at a pivotal level that will determine the next trend to play out from here. This was highlighted by crypto analyst, The Alchemist Trader, in a TradingView post that shared notable insights into the current price action of the cryptocurrency. The crypto analyst also explained that there are technical points that will determine the next move, and depending on how bears and bulls perform, there could either be a lot of gains or major losses. The Three Key Points To Watch With the XRP price already showing a lot of weakness, The Alchemist Trader explains that the altcoin is now consolidating near the value area low of its local trading range. This sits around the $2.8 level that the price has been moving around over the last few weeks. Related Reading: Crypto Analyst Predicts What Dogecoin Investors Should Expect Price-Wise This Month The price trading at this value area low also shows that there are a lot of sellers in the market pushing down the price. It had previously pushed the price back toward a critical support level at $2.7, and this has set the stage for either the next bounce or decline. This is because this level holds a lot of liquidity, meaning it is an equal opportunity point for both bears and bulls. Given this trend, the crypto analyst has outlined three key technical points that investors should watch for the XRP price. The first of these is the possibility of the XRP price making consecutive lower highs and pushing it toward the value area low, a bearish signal. Next on the list is that a breakdown from there could push the price toward the Point of Control (POC), as well as the 0.618 Fibonacci and VWAP confluence. Then, last but not least, is the fact that the liquidity at the current levels could mean that there is a sharp wick before the price begins to reverse. How The XRP Price Could Play Out From Here As mentioned above, one of the first things to watch out for is the test of the value area low. From here, if the XRP price were to break down, then it would signal that the decline would deepen from here. It would push the target toward the Point of Control (POC) and deeper support levels. Reaching these levels would mean a possible 25% decline toward $2.33. Related Reading: Analyst Says Dogecoin’s Parabolic Run Is Inevitable – Historical Pattern Point To Another Breakout However, in the event that this support holds firmly, then the analyst sees the XRP price bouncing back into its trading range. The price could wick down first, but this would end in an eventual stabilization and continuation. In this case, the target is placed at $3.5, possibly setting the price on a campaign for new all-time highs. Featured image from Dall.E, chart from TradingView.com

Pi Network blends free mobile mining, referral rewards and social hype. Despite delays, centralization and a 90% price drop, it still attracts millions.

Plasma founder Paul Faecks denied insider selling accusations after XPL plunged over 50%, insisting no team tokens were sold as speculation grows.