Tag: Price

Price Bounce to Near $104K, Though Encouraging, Falls Short of Bull Revival

This is a daily technical analysis by CryptoX analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s broader outlook is constructive, but its short-term prospects remain bleak, according to technical analysis. The leading cryptocurrency by market value has bounced back to nearly $104,000 from its overnight low of $104.30, alongside positive action in U.S. equity futures. However, a closer look at the hourly price chart reveals that the bounce is likely a classic breakdown and retest play – the cryptocurrency dove out of a head-and-shoulders pattern on Thursday, signalling a short-term…

XRP Price Sends Mixed Signals After 4 Green Daily Closes, Crash Or Rally?

Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. The XRP price has now moved back into bearish territory after a remarkable run on the daily chart that had been signaling possible bullish momentum. Crypto analyst Master Ananda points this out in a post that shows a disturbing…

SHIB Price Drops 5% as Dormant Whale Takes Profit, What’s Next for Shiba Inu?

Key Notes SHIB dropped to $0.000012 support zone, losing 4.5% value in the past day. A major whale exited after three years, moving 100.45 billion SHIB to Binance. The whale’s realized gains were $311K, which is well below its peak $2.7 million unrealized profit. Shiba Inu SHIB$0.00001224h volatility:3.8%Market cap:$7.27 BVol. 24h:$262.50 M, one of the top meme coins, has slipped to a crucial support zone of $0.000012 after losing over 4.5% in the past 24 hours.  This price drop comes as a major SHIB whale cashed out its holdings after…

Bitcoin Price Dips Sharply Below $102K as Profit-Taking Accelerates

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level. Bitcoin started a fresh decline below the $104,000 zone. The price is trading…

What Happens To The XRP Price If The 2017 Fractal Plays Out Again?

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. XRP’s price action is currently exhibiting a back-and-forth pattern around $2.20, but an interesting technical analysis suggests it may soon leave this price level. A chart analysis posted by a crypto analyst on the social media…

Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Dogecoin’s open interest is in focus, with this crucial metric highlighting the amount of interest that the top meme coin is getting at the moment. This comes as DOGE continues to struggle below the psychological $0.2…

Bitcoin price could reach reach $125k in June: Bitfinex

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Bitcoin’s short-term price performance will largely be influenced by Friday’s U.S. jobs report and a continued increase in ETF inflows, according to Bitfinex analysts. Bitcoin (BTC) could climb to $125,000 by the end of June if macroeconomic conditions remain favorable, analysts told crypto.news on June 5. The primary catalyst in the near term is Friday’s non-farm payroll report, which is expected to show a slowdown in employment. Current forecasts for new non-farm payrolls range between 125,000 and 130,000 — down from April’s 177,000. Bitfinex analysts believe that a weaker-than-expected print…

BNB Chain Sees Most Active Week in a Year, BNB Price to $800?

Key Notes The number of transactions on the BNB Chain surged to 123 million last week. Maxwell hard fork expected to enhance finality and double the transactions. Analysts call the current BNB price consolidation a sign of strength. BNB Chain has just witnessed its most active week in over a year, recording an impressive 123 million transactions in the past seven days. It also saw a trading volume of $178.2 billion in May, suggesting strong user engagement and network usage. The surge in activity coincides with growing anticipation around the…

Price Slips Further, Investors on Edge

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 Dips to Support: Is a Bullish Rebound on the Horizon?

XRP price started a fresh increase above the $2.220 resistance zone. The price is now consolidating and might aim for a move above the $2.250 resistance. XRP price started a fresh increase above the $2.220 zone. The price is now trading above $2.220 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2.185 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.250 resistance zone. XRP Price Holds Support…