Tag: Price

XRP Price To $1 Or $10? Analyst Warns Investors Of Possible Crash

XRP is still grinding in the mid-$1 range, with the past 24 hours, for instance, spent trading between $1.38 and $1.46. Although XRP is trading with some stability compared to the crash last week, the outlook among crypto traders and analysts is divided.  Some traders are positioning for additional downside, while others are anticipating a rebound to higher price levels. A technical outlook shared on X added uncertainty to the discussion around where XRP could be headed next, with the analyst warning of a possible crash to $1. It is…

Bitcoin price dips below $70K as analyst calls it unpumpable

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Bitcoin price slipped again on Feb. 10 after failing to stay above the $70,000 level, an area that had supported the market through much of the recent consolidation. Summary Bitcoin is under pressure as capital inflows fail to translate into price expansion. On-chain data shows rising whale exchange deposits and steady ETF outflows. Technical structure continues to favor distribution over accumulation. At press time, BTC was trading around $68,979, down 2% over the past 24 hours. The weakness extends across all major timeframes, with losses of 12% over the past…

Tron Accumulates TRX, Price Pops As Justin Sun Weighs In

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Tron’s blockchain operator has been adding to its stash of TRX and that activity is getting attention. Reports say the platform recently bought 179,408 TRX at an average cost of $0.28, lifting its treasury to about 680 million tokens. The buy was one more in a series of purchases that show a clear pattern: steady accumulation over several days. Related Reading Tron Increases Treasury Holdings According to on-chain records, the platform purchased tokens at slightly different prices across recent days. On February 7, it bought more than 184,000 TRX at…

XRP Price Range-Bound Below $1.50, Break Or Breakdown Ahead?

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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 Locked Below $2,150, Directional Break Still Missing

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Ethereum price started a recovery wave above $2,050. ETH is now consolidating and eyeing an upside break above the $2,150 resistance. Ethereum managed to stay above $1,950 and recovered some losses. The price is trading above $2,020 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh decline if it stays below the $2,165 zone. Ethereum Price Eyes Upside Break Ethereum price managed to…

Bitcoin Price Hovers Around $70K As Volatility Goes Quiet

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Bitcoin price started a recovery wave above $68,000. BTC is now consolidating gains above $70,000 and faces hurdles near the $72,200 zone. Bitcoin is attempting to recover but is facing many hurdles near $72,000. The price is trading above $70,000 and the 100 hourly simple moving average. There is a rising channel forming with support at $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might dip again if it trades below the $68,800 and $67,700 levels. Bitcoin Price Stays In A Range Bitcoin…

TRON Doubles Down on TRX as Rising On-Chain Activity Supports Price Recovery

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Tron Inc.’s recent moves in the TRX market are drawing attention at a time when investors are searching for signals beyond short-term price swings. Over the past week, the NASDAQ-listed company has steadily increased its exposure to TRX, while on-chain data points to sustained network usage. Related Reading Concurrently, these developments have helped stabilize the token after weeks of weakness, even as broader market caution remains visible in trading volumes. TRX’s price trends to the downside following an important surge as seen on the daily chart. Source: TRXUSD on Tradingview…

Bitcoin price low-volume bounce raises bull trap concerns

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Bitcoin’s price has bounced from key support near $60,000, but declining volume and rising overhead resistance are raising concerns that the move may be a bull trap rather than a sustainable recovery. Summary $60,000 support sparked the bounce, but demand remains weak Low volume and VWAP/Fibonacci rejection, signal fragile upside Acceptance below the point of control, favors rotation back toward support Bitcoin (BTC) price action has staged a short-term rebound after successfully retesting a major high-timeframe support level near $60,000. While the bounce initially appeared constructive, deeper analysis reveals that…

Ethereum Price Set To Break Out Against Bitcoin, But How High Can It Go?

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The cryptocurrency industry went under intense pressure last week, with Bitcoin and Ethereum leading the crash and multiple cryptocurrencies hitting new multi-month lows. The crash was more pronounced with Bitcoin, though, and the imbalance in selling pressure is quietly shifting the relationship between the two assets.  The interesting imbalance is relayed in Ethereum’s performance relative to Bitcoin. A technical analysis of the ETH/BTC ratio shared on the social media platform X by Jonathan Carter indicates that Ethereum may be approaching a critical breakout point against Bitcoin, following an extended period…

Bitcoin Price Forecasts Say $50,000 Is on the Way

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Bitcoin (BTC) begins its second week of February, licking its wounds as traders remain bearish on BTC. Market forecasts agree that Bitcoin price action has not yet put in a reliable long-term bottom. CPI week comes as markets lose faith in Fed rate cuts in March. US dollar strength begins to fade as analysts eye a potential rerun of 2021 for Bitcoin-dollar correlation. Japan’s election turns heads, with analysis seeing a weaker yen and crypto headwinds to come. Bitcoin miners send large amounts to exchanges as the dust settles on…