Analyst Upbeat On XRP Rally Despite SEC Meeting Cancellation

Nobody in the XRP community expected the SEC to cancel a meeting behind closed doors on July 18 without giving any reason. Some people think this move has something to do with the approval process for spot Ethereum ETFs. Related Reading Crypto Community Clueless On Meeting Cancellation There has been an obvious shakeup in the cryptocurrency market because of the sudden about-face. XRP, Ripple’s native coin, fell 8% to $0.58, its 24-hour low. Trade volume was down as well, yet it rose 20%, showing investors’ interest amid uncertainties. There is…

Injective (INJ) Breaches Key Resistance, Setting Stage For 1,350% Boom — Analyst

Recently, injective (INJ) has undergone explosive growth, pushing itself to unprecedented heights and drawing interest both from experts and bitcoin aficionados. Over the past week, the digital asset has jumped about 32%, and a measly 1% in the last day. INJ climbs in the weekly frame. Source: Coingecko Related Reading INJ, at the time of writing, was trading at $26.17. A chance that its price will explode, going as high as $380, could be in the cards. Here, we break down the factors that have led to INJ’s great success…

Bitcoin Forming A Signal That’s Usually “Very Bullish,” Analyst Says

An analyst has pointed out how Bitcoin is back above the cost basis of the short-term holders, a sign that can be bullish for the asset. Bitcoin Is Back Above The Realized Price Of Short-Term Holders As explained by CryptoQuant community manager Maartunn in a new post on X, BTC has reclaimed the Realized Price of the short-term holders. The “Realized Price” here refers to an indicator that, in short, keeps track of the average cost basis of the investors in the Bitcoin market. When the value of this metric…

Crypto Analyst Says Bitcoin Is Not Ready For $65,000 Retest, But Can It Reach $71,500?

Crypto analyst Rekt Capital has provided insights into the Bitcoin future trajectory. Based on his analysis, the flagship crypto might not yet be ready for its next leg up, which could see it climb back above $70,000.  Bitcoin Not Yet Ready To Establish $65,000 As New Support Rekt Capital claimed in an X (formerly Twitter) post that Bitcoin is not quite ready just yet for a successful retest of the $65,000 level as new support. For the crypto to establish $65,000 as the new support level, the analyst stated that…

Crypto Analyst Says A 2,000% Surge To $234 Is Imminent

Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the MOVR altcoin are rising once again. MOVR Ready To Move Out Of Extended Consolidation According to a crypto…

Crypto Analyst Predicts XRP To Hit $1.03 Soon, Warns Of Initial Dip

The XRP price has staged an impressive rally in recent days, but this came to an abrupt end yesterday. After rising to as high as $0.6378, it plummeted by more than 11% temporarily. Nevertheless, the popular crypto analyst Dark Defender (@DefendDark) remains bullish in the short-term, even if the dip could widen further in the short term. XRP Price Could Eclipse The $1 Mark Again According to him, the XRP price is in a promising short-term uptrend towards the $1.03 mark. This analysis is based on the 4-hour timeframe and…

Bitcoin mining analyst on Bitfarms: ‘CEO overhang now lifted’

Despite recent takeover attempts and staff changes, analysts at H.C. Wainwright believe that Bitfarms’ future is bright.  On Wednesday, Bitcoin mining company Bitfarms hosted a virtual fireside chat featuring newly appointed CEO Ben Gagnon and CFO Jeff Lucas. This event marked Mr. Gagnon’s first public appearance since taking on the CEO role.  The discussion covered key topics, including the company’s strategic direction, expansion plans, and management’s perspective on the valuation disconnect with the company’s fundamentals. Analysts at H.C. Wainwright believe the company is making good progress toward achieving its hash…

THORChain Primed For Big Gains, Analyst Eyes $20 Milestone

Rising as a major competitor for a big breakthrough is THORChain (RUNE). Rune has showed strength, recovering by around 23% during the previous week following a recent fall to $3.10. At $4.22 right now, the coin is attracting both traders and analysts, with some even seeing a solid upward path. Related Reading Market Statistics And Growing Hope With a market capitalization of $1.41 billion and a 24-hour trading volume of $207 million as of the most recent figures, THORChain represents a 0.06% market domination. Driven partly by the bullish phase…

Analyst Sees ‘Most Beautiful’ Chart Pattern

Once again taking the stage in the crypto scene is the popular meme coin Dogecoin (DOGE). Renowned crypto analyst JD has lately revealed his very positive view of DOGE, which has excited traders and investors. Related Reading Driven by what he labels as one of the most “beautiful charts” he has seen in his long trading history, JD claimed in a series of perceptive pieces on X that Dogecoin is about to experience a significant price spike. Even with the latest market downturn when DOGE dropped by 40% from its…

Crypto Analyst Predicts 450% Move For Shiba Inu To Reach New All-Time High

A crypto analyst has shared his optimistic projections for the popular dog-themed meme coin Shiba Inu (SHIB). According to the analyst, Shiba Inu is set for a massive 450% rally to reach new All-Time Highs (ATH).  Shiba Inu Aims For 450% Surge To New Highs In a recent X (formerly Twitter) post, crypto analyst, Javon Marks expressed bullish optimism about Shiba Inu’s future price outlook. The analyst has forecasted that Shiba Inu is preparing for a 450% surge to new all-time highs this bullish season.  Related Reading Highlighting SHIB’s past…