Tag: Analyst

This 11.7 Billion Dogecoin Wall Could Be Key Resistance For DOGE, Analyst Says

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An analyst has pointed out where a key resistance could be located for Dogecoin, based on on-chain supply distribution data. Dogecoin Has A Large Supply Cluster Present At $0.20 In a new post on X, analyst Ali Martinez has talked about where resistance lies for Dogecoin based on Glassnode’s Cost Basis Distribution (CBD). The CBD is an indicator that tells us about the amount of DOGE supply that was last acquired at the various price levels that the memecoin has visited in its history. Below is the chart shared by…

Analyst Pushes Back as New Tether Solvency Fears Resurface

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Concerns about stablecoin issuer Tether’s financial stability resurfaced this week after BitMEX founder Arthur Hayes warned the company could face serious trouble if the value of its reserve assets were to fall. But CoinShares’ head of research, James Butterfill, pushed back on those claims. In a Dec. 5 market update, Butterfill said fears over Tether’s solvency “look misplaced.” He pointed to Tether’s latest attestation, which reports $181 billion in reserves against roughly $174.45 billion in liabilities, leaving a surplus of nearly $6.8 billion. “Although stablecoin risks should never be dismissed…

Is The Bitcoin Bottom In? Top Analyst Assigns 91.5% Probability

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Crypto analyst Miles Deutscher has issued one of the most forceful bottom calls of this cycle, assigning a 91.5% probability that Bitcoin’s low is already in. In a X thread on December 4, he wrote: “F*ck it. I’m putting my neck on the line here. I’m 91.5% certain that the BTC bottom is in. And if it is, A LOT of people are about to be caught offside.” Is The Bitcoin Bottom In? Deutscher bases his conviction on four “pillars”: market reaction to news, the historical behaviour of FUD events,…

Analyst Compares Buying XRP Now To Buying NVIDIA Shares In 2000 At $0.35

A crypto market analyst has compared XRP to NVIDIA, an American technology company with one of the biggest tech success stories in history. The analyst implied that buying XRP today could mirror the opportunity investors had when purchasing NVIDIA shares in 2000 at just $0.35. The comparison emphasizes the long-term potential of the XRP price and highlights the importance of HODLing.  XRP Today Shows Growth Potential Like NVIDIA In 2000 A leading market expert, Egrag Crypto, has drawn a striking parallel between the current XRP price and the early days…

Solana Eyes $144 Resistance, Analyst Questions SOL’s Strength

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As the market rebounds, Solana (SOL) is retesting a crucial area that has served as resistance since the November pullbacks. Some market watchers suggest that a short-term rally is likely, while others have highlighted potential signs of weakness. Related Reading Solana Eyes $144 Resistance Solana is attempting to turn the $140 area into support while nearing a key local resistance for the third time in a month. The cryptocurrency has been trading between the $120-$144 levels since mid-November, struggling to hold the high zone of its local range amid the…

XRP Price Is Performing As Expected; Analyst Reveals What Comes Next

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The XRP price has staged a strong rebound in recent days, rising from early-December weakness and climbing back above $2. The recovery comes just after crypto analyst CasiTrades published a detailed technical outlook on the social media platform X, where she outlined a scenario that anticipated both the initial decline and the current bounce.  Now that XRP has begun moving upward towards $2.2, the focus is on what the next phase of this pattern could bring next. Subwave 3 Targets Hit As Structure Plays Out CasiTrades explained that XRP’s early-December…

Next Key XRP Level Could Be $1.2 If Current Support Fails, Says Analyst

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Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started…

Analyst Says This Needs To Happen For The XRP Price To Rally Again

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The XRP price is rebounding sharply as the broader crypto market slowly recovers from a months-long downtrend. Although XRP is still more than 43% below its all-time high, a market analyst has outlined what needs to happen before the cryptocurrency can rally again. The analyst has shared a rather blunt assessment of XRP’s recent performance, highlighting its vulnerability and weakened price action.  XRP Price Rally Hinges On Bitcoin’s Recovery A crypto market expert identified as ‘Guy on Earth’ has issued a fresh warning on X, highlighting that the XRP price…

XRP Price About $1,000 Is A Necessity, Analyst Claims

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A recent XRP price analysis from a prominent supporter has placed the cryptocurrency’s long-term value in the four-figure range. Although XRP is currently trading around $2, the analyst believes a rise to $1,000 is necessary for the altcoin. His outlook stems from the cryptocurrency’s underlying utility rather than speculation, emphasizing how global liquidity systems could drive prices upward through massive settlement volumes.  Why The XRP Price Needs To Climb To $1,000 Crypto analyst @unkownDLT has shared a rather ambitious price forecast for XRP this week. The analyst claims that the…

Bitcoin Bear Market Bottom Could Hit $55K Maximum Says Analyst

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A crypto analyst argues that maximum pain for Bitcoin this cycle will be a fall to $55,000, based on technical indicators — rather than the $35,000 that some predict.  A fall to $35,000, as predicted by some, would represent a 72% retracement. It has happened before. Bitcoin fell by 77% from a high of $69,000 in November 2021 to a bottom of $15,500 a year later in November 2022.  However, analyst “Sykodelic” told his 62,000 X followers on Tuesday that predictions of a Bitcoin plunge to $35,000 in 2026 were “absolute…