Tag: Price

Shiba Inu Burn Rate Jumps 222%, Will SHIB Price Follow?

Key Notes Shibburn data shows that the SHIB burn rate has increased to 222.84% in the last 24 hours. The SHIB ecosystem is left with 585,202,851,074,750 in circulating supply. Shiba Inu’s price dropped by 2.12% to trade at $0.00001043 . Shibburn, the dedicated Shiba Inu SHIB $0.000010 24h volatility: 2.6% Market cap: $6.08 B Vol. 24h: $168.77 M burn tracker, has provided data showing that the metric rose by about 222% within the last 24 hours. This resulted in the permanent destruction of 140,391,783 SHIB, reducing the overall supply of…

What Is Driving LAB Token’s 200% Price Rally?

Key Notes LAB token rallied over 200%, reaching a high of $0.2581 before consolidating near $0.2198. Market cap surpassed $51 million, while trading volume jumped nearly 12%. Technical indicators show strong bullish momentum but hint at short-term profit-taking. LAB token has taken the crypto market by surprise, skyrocketing from a daily low of $0.08582 to a high of $0.2581, marking an impressive 200% rally within a short time frame. At the time of writing, LAB trades around $0.2198, maintaining much of its explosive gains. The token’s trading volume has surged…

Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900

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As the market volatility continues, Ethereum (ETH) has dropped 3.1% in the daily timeframe and is attempting to hold a key price area as support once again. Despite the dip, some analysts have suggested that the King of Altcoin is set to start a new expansion phase soon. Related Reading Ethereum Retests Major Support Zone On Wednesday, Ethereum fell below the $4,000 level for the third time this week, retesting a crucial area before bouncing. The cryptocurrency has been trading within the $3,800-$4,800 price range in the daily timeframe since…

Bitcoin Needs Fresh Catalyst To Avoid Price Decline: Analysts

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Bitcoin may struggle to sustain its upward trend unless something triggers more excitement among investors, according to Glassnode. “Without a renewed catalyst to lift prices back above $117.1k, the market risks deeper contraction toward the lower boundary of this range,” Glassnode said in a report published on Wednesday.  Bitcoin (BTC) is trading at around 5% below the $117,000 level, trading at $110,840 at the time of publication, according to CoinMarketCap. Bitcoin has declined by 4.19% over the past 30 days. Source: CoinMarketCap “Historically, when price fails to hold this zone,…

Bitcoin price tests support as spot BTC ETFs see outflows

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Bitcoin price slipped lower on Oct. 16, testing key support around $111,000 as spot Bitcoin exchange-traded funds swung back to net outflows after a brief return to inflows.  Summary Bitcoin trades around $111K as BTC spot ETFs record $94M in outflows. Trading volume and derivatives activity signal cautious sentiment. Dovish Fed tone offers hope for renewed upside momentum. As of this writing, Bitcoin was trading close to $111,673, down 8% over the previous week and 0.5% over the previous day. Trading volume has fallen sharply to $66.2 billion, a drop…

Dogecoin (DOGE) Bears Dominate — Price Action Suggests More Downside Ahead

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…

XRP Price Coils Below Resistance — Bulls Prepare For Possible Upside Explosion

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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…

Ethereum Price Consolidates Below Resistance — Breakout Or Breakdown Next?

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Ethereum price is still struggling to settle above $4,220. ETH is now consolidating in a range and might decline sharply if there is a move below $3,880. Ethereum started a recovery wave above the $4,000 and $4,020 levels. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with support at $3,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it trades above $4,075. Ethereum Price Dips To Support Ethereum price…

Bitcoin Price Wobbles — Is A Sharp Downside Move On The Horizon?

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Bitcoin price is struggling to settle above $113,500 and $114,000. BTC is now consolidating and might start another decline below $110,000. Bitcoin started a fresh decline after it failed to clear the $114,000 resistance level. The price is trading below $113,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $112,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it trades below the $110,200 zone. Bitcoin Price Faces Hurdles Bitcoin…