Key takeaways: XRP whales continue accumulating on the dips, boosting chances of a recovery. XRP price must hold above $2.70 support to continue upside toward $4. XRP (XRP) price displayed strength on Wednesday, up 6.8% from Monday’s lows of about $2.70 as traders adjusted to the latest sell-off following an overleveraged market. A strong technical setup and onchain data showed that the XRP/USD pair was primed for a trend reversal toward $4. XRP symmetrical triangle pattern eyes 42% rally Data from Cointelegraph Markets Pro and TradingView saw XRP bouncing off…
Tag: Price
Bitcoin Whales Sell $16B BTC as Price Risks Drop to $100K
Key takeaways: Bitcoin whales sold 147,000 BTC over the past 30 days. BTC price bear flag targets $100,000 if support breaks. Bitcoin (BTC) whales have offloaded roughly 147,000 BTC over the past month, and continued selling could further pressure its price for the next few weeks, according to analysts. Large investors offload $16.5 billion in BTC Bitcoin whales — entities holding a large amount of coins, usually 1,000 BTC or more — started to offload coins soon after BTC price hit new all-time highs above $124,500 in August. Related: Bitcoin…
Bitcoin price hikes above $112k, could BTC rally?
Bitcoin price managed to make its way above the $112,000 threshold, holding slightly below $113,000. After dropping below $110,000 amidst a sharp decline due to liquidations, is there still hope for a rally? Summary Bitcoin remains stable at the $112,000 mark, however it needs to climb above $114,000 to shoot up into the rally. Matrixport found that the resistance zone currently sits at $109,000. This means that BTC must remain above that level so that it doesn’t slip further down. Bitcoin price took a massive hit when mass liquidations wiped…
These Analysts Predicted The Bitcoin Price Crash And Their Forecasts Say It’s Not Over
The Bitcoin price crash began over the weekend and has since seen he digital asset break below the $112,000 support level. Interestingly, this crash was called by a couple of crypto analysts who had pointed out the weaknesses surrounding Bitcoin over this time. As their predictions begin to play out, this report takes a look at the complete forecasts, with most showing that the Bitcoin price crash is far from over and must proceed deeper before finding a bottom. Bitcoin Price Is Headed Below $100,000 Crypto analyst HAMED_AZ had previously…
XRP Price Struggles to Hold – Fresh Decline Risk Grows for the Token
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…
Bitcoin Price Struggles Under Resistance – Will Bulls Fail and Bears Take Control?
Bitcoin price extended losses after it traded below $114,000. BTC is now consolidating losses and might decline further to test the $110,500 support zone. Bitcoin started a fresh decline below the $114,000 zone. The price is trading below $114,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $113,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another increase if it clears the $114,000 zone. Bitcoin Price Starts Consolidation Bitcoin price failed to stay…
Solana Price Tightens Near $200 While Adoption and Treasuries Challenge Bitcoin
Solana (SOL) has entered a crucial zone as the price tightens near the $200 support level. The recent pullback in crypto markets, which pushed Bitcoin below $112,000, has also put pressure on Solana. Despite the bearish sentiment, bulls remain active around this key support. Related Reading Trading volumes have surged past $12 billion within 24 hours, indicating strong participation from both buyers and sellers. Analysts point out that a drop below $200 could trigger liquidity-driven volatility, but any decline might also serve as a springboard toward $250 in the near…
Ethena Price Jumps 5% as Kraken Teases USDe Stablecoin Listing
Key Notes Kraken exchange announced upcoming USDe stablecoin listing for US regulated markets to 1.7 million followers. USDe captured 4.5% of global stablecoin market with $14.4 billion market cap at press time. Technical analysis shows ENA consolidating near $0.58 support with potential resistance at $0.68 level. Ethena ENA $0.60 24h volatility: 2.6% Market cap: $4.17 B Vol. 24h: $403.46 M is a synthetic dollar protocol built on the Ethereum blockchain. Its native token ENA drew attention on Tuesday, Sept. 23, after staging a 5% intraday rally despite prevailing bearish sentiment…
Solana Price Analysis: ETF Inflows Cross $300M as SOL Plunges Below 20-Day MA
Key Notes REXShares’ Solana ETF attracted $27 million in fresh capital, bringing total assets under management to $306 million milestone. Helius Medical Technologies invested $175 million in SOL as part of larger $500 million treasury diversification strategy. Technical indicators show bearish momentum with SOL breaking below 20-day MA, risking further decline toward $196 support level. Solana SOL $218.5 24h volatility: 0.5% Market cap: $118.68 B Vol. 24h: $6.07 B price found support at the $218 level on Tuesday, Sept. 23, after sliding another 1.2% in the past 24 hours. The…
CEO Dismisses September Crash, Reveals Why The Bitcoin Price Is Headed For $150,000
The Bitcoin price is falling again this September, but SkyBridge CEO Anthony Scaramucci says there is no reason to call it a crash. He explained on a CNBC Squawk Box segment that the current weakness is part of a regular cycle that happens almost every year. According to the CEO, short-term fluctuations do not alter the broader picture for Bitcoin. For this reason, Scaramucci says he is keeping his bullish outlook and is not changing his prediction. Scaramucci Says Bitcoin Price September Weakness Is Seasonal Anthony Scaramucci says September has…