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Tag: Price
Solana Price Approaches $130: What’s Behind The Recent Surge?
The Solana price has shown encouraging signs of recovery, climbing 6% on Friday to approach the $126 mark. This uptick follows a concerning dip below the crucial $120 level, which had sparked fears of a potential downtrend that could drag the cryptocurrency down toward the $100 threshold. Solana Price Gains Ground Chris MacDonald, an analyst at The Motley Fool, recently highlighted two key factors contributing to Solana’s resurgence. One significant catalyst is a proactive initiative by the Solana Foundation. Bitcoinist reported earlier this week that the organization is currently assessing…
Solana Price Could Rally To $190 Soon – But There’s A Catch
After reaching a new multi-month low, Solana (SOL) is attempting to hold a key high-timeframe level as support ahead of week’s end. Some analysts have suggested that the altcoin is poised to bounce, but others warned that a potential rally could be short-lived. Related Reading Solana To Tag Higher Levels Soon On Friday, Solana recovered from the latest drop and surged 7.7% toward the $125 area. The cryptocurrency fell nearly 9% on Thursday afternoon amid a broader market correction, sending its price to an eight-month low of $116. Amid the…
Peter Brandt Highlights Bearish XRP Price Chart, ‘You Need To Deal With It’
Veteran chartist Peter Brandt has once again turned his focus to the XRP community after sharing a technical breakdown that points to a bearish market structure on the weekly timeframe for the cryptocurrency. Brandt’s technical analysis focused squarely on chart behavior rather than sentiment, warning that the current setup carries downside implications that traders cannot ignore and must deal with. Peter Brandt Calls Out A Potential Double Top Taking to the social media platform X, Brandt highlighted what he described as a potential double top forming on XRP’s weekly chart.…
Citi Analysts Project Bitcoin Price Could Reach $189,000 Next Year In Bullish Scenario
The Bitcoin price has experienced a significant correction after reaching all-time highs above $126,000 in October, currently trading just above $87,900. This marks a notable 30% decline over the past few months. Despite this setback, analysts at Citi express optimism for the cryptocurrency’s future, forecasting that its value will continue to rise through 2026. Optimistic Bitcoin Price Predictions According to Citi’s analysts, the base case for the Bitcoin price is set at $143,000, reflecting a potential 62% increase from current levels. In a more bullish scenario, the cryptocurrency could surge to…
US Clarity Act Will Not Move Needle On Bitcoin’s Price: Analysts
Veteran trader Peter Brandt said the potential passage of the US Clarity Act is unlikely to have a significant impact on Bitcoin’s price, after indications that it could pass Congress as soon as January. “Is it a world-shaking macro development? Nope. Needed for sure, but not something that should redefine value,” Brandt told Cointelegraph on Friday. “Having an asset regulated, particularly an asset for which die-hard investors never wanted to be regulated, is not an earth-shattering event,” he added. His comments came after White House crypto and AI czar David…
Ethereum Exchange Supply Just Crashed To New Lows, Why This Is Bullish For Price
CryptoQuant has released a new report, highlighting a significant shift in Ethereum’s exchange supply dynamics and institutional behavior. According to the data, the amount of ETH held on crypto exchanges has crashed to unexpected lows. The decline coincides with growing institutional accumulation, a trend often viewed as an early signal of a bullish price outlook. Ethereum Exchange Balances Fall To 2016 Lows Arab Chain, a crypto analyst on CryptoQuant, revealed that Ethereum’s exchange supply ratio across all tracked platforms has declined to approximately 0.137. According to the data referenced in…
XRP ETFs Hit Record $60M—So Why Isn’t The Price Moving?
XRP-linked exchange-traded funds reached about $60 million in assets under management on December 17, according to market reports, even as XRP’s spot price slid. Related Reading At the time of reporting, XRP was trading around $1.86, down more than 8% in the last week. That gap between ETF growth and a falling spot price has left some investors puzzled. ETF Flows And How They Work According to Chad Steingraber, the way ETFs operate helps explain the disconnect. ETF shares trade on exchanges like regular stocks during market hours. Fund managers…
Bitcoin Price Lags Network Utility: A Valuation Reset Is Underway
Bitcoin continues to struggle below the $90,000 level as volatility remains elevated and market conviction weakens. Short-term price swings have failed to establish a clear directional bias, reinforcing a broader sense of uncertainty among traders and investors. While price remains historically high, internal market conditions suggest that underlying stress is building beneath the surface, particularly within the mining sector. A recent analysis by Axel Adler highlights growing pressure on Bitcoin miners using the Miner Financial Health Index, a composite metric that assesses mining profitability relative to price. Readings above 80%…
XRP Price Turns Lower as a Familiar Pattern Reappears Again
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…