Tag: Support

Bitcoin, XRP, Solana, Ether Slide as BTC Loses Last Support Before $100K

Bitcoin BTC$107,661.53 has fallen below a key support level that had been holding back a slide toward $100,000, amid weakening momentum in tech stocks. The leading cryptocurrency fell below $106,000 during Asian trading hours, penetrating the level that had offered support multiple times in recent weeks, according to CryptoX data. Major altcoins such as ether ETH$3,722.54, XRP$2.2881 and solana SOL$159.67, with SOL sliding to $157, the lowest since Aug. 3. Ether also fell to its lowest since August, with a bear cross of key moving averages pointing to strengthening of…

XRP Price Downtrend Extends — Sellers Target Fresh Lows After Support Break

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 Faces New Wave Of Selling — $3,550 Support In Focus

Ethereum price started a fresh decline below $3,750. ETH is moving lower below $3,700 and might decline further if it trades below $3,550. Ethereum started another bearish wave after it failed to clear $3,880. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a contracting triangle forming with resistance at $3,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,550. Ethereum Price Dips Further Ethereum price failed to stay in a positive…

Prediction Markets Favor Bitcoin Stability as Traders Bet on Six-Figure Support

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At 8:30 a.m. Eastern on Sunday, bitcoin is trading hands at $110,300, and prediction markets are buzzing with bets on whether the crypto heavyweight will hold its ground—or break new highs—through November. Polymarket’s November Wager The popular prediction platform Polymarket is running a hot contest titled “What price will Bitcoin hit in November?” where traders […] Original

Bitcoin Hidden Setup — Triangle Support, Inverse H&S Signal A Powerful Reversal

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Bitcoin appears to be gearing up for a major move as key technical patterns align. A strong triangle support structure and a developing inverse head and shoulders pattern are signaling a potential bullish reversal. Momentum is tightening, suggesting that a breakout could be closer than it seems. Massive Triangle Formation Holds Firm Amid Market Shakeouts Batman, a well-known crypto analyst, recently highlighted that Bitcoin has been consolidating for several weeks within a massive descending triangle formation. Despite multiple shakeouts attempting to push the price lower, the key support level has…

Ethereum Support Band Under Pressure — Can Bulls Revive Momentum From $3,700?

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Ethereum is once again testing the strength of its key support band around the $3,700 zone, a level that has acted as a crucial lifeline for bulls in recent months. With momentum fading after repeated rejections near resistance, speculations are whether buyers can step in to spark a renewed push upward or if a deeper correction is on the horizon. ETH Pulls Back After Golden Pocket Rejection In his latest market update, Luca shared insights on Ethereum’s current technical setup, noting that the asset recently faced rejection at the high-timeframe…

Bitcoin Mining Goes Smart In Japan: CAN Deploys 4.5 MW To Support Grid — Details

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Bitcoin mining is entering a new era in Japan, where it’s no longer viewed as an energy drain. The transformation is being spearheaded by Canaan (CAN), a forward-thinking initiative that integrates BTC mining into Japan’s renewable energy ecosystem to balance power demand and supply. This Is How Bitcoin Fits Into National Energy Policy In an X post, crypto analyst TheGentleTraveler has shed light on a significant and innovative development at the intersection of Bitcoin mining and energy infrastructure. CAN (Canaan Inc.) has announced a 4.5 MW smart BTC mining deployment…

NEAR Intents Approaches $3B in Swaps as it Gains Major Crypto Industry Support

Key Notes The protocol processed 6.41 million swaps across 124 assets on 20+ blockchains since December 2024 launch. Industry leaders from Bitcoin, Polygon, and Solana ecosystems have endorsed the chain-abstraction technology. Recent integrations include Tron, Cardano, and Aptos, while NEAR’s validator community approved inflation halving to 2.5%. NEAR Intents, a cross-chain and chain-abstraction protocol running on NEAR NEAR $2.07 24h volatility: 11.2% Market cap: $2.64 B Vol. 24h: $201.88 M , approaches $3 billion in all-time volume, making more than half of it in the last month alone. This happens…

Solana (SOL) Drops Toward Support — Bulls Eye Potential Recovery Base

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 ETFs Bleed $100M, Analysts Fear Major Support Break

Key Notes Bitcoin ETFs recorded $101 million in outflows on October 22. BTC price is testing key support around $108,000 amid growing selling pressure. Long-term holders are taking profits while volatility rises in options markets. US spot Bitcoin BTC $109 456 24h volatility: 1.5% Market cap: $2.18 T Vol. 24h: $77.48 B exchange-traded funds (ETFs) registered a combined $101 million in net outflows on Oct. 22, while BlackRock’s iShares Bitcoin Trust (IBIT) managed an inflow of $73.6 million. Meanwhile, Ethereum ETFs mirrored the trend, with a total net outflow of…