Bitcoin’s price saw a significant increase above $68,500, even testing $70,000, before experiencing a major bearish reaction. The cryptocurrency started to decline from the $70,000 resistance zone and is currently trading below $68,550 and the 100 hourly Simple Moving Average. There is a connecting bullish trend line with support at $67,500 on the hourly chart
Analysis
XRP, like many other cryptocurrencies, has been experiencing a rollercoaster ride in terms of market volatility. Recently, the digital asset saw a temporary uptick in its price after facing a prolonged period of downward pressure. This temporary recovery has sparked some hope among traders and investors, but the overall market conditions remain turbulent and uncertain.
Recently, the Ethereum price attempted to recover above the $3,650 resistance level but failed to do so. The price declined below $3,550 and is now showing bearish signs below $3,600. The downward trend seems to be continuing as Ethereum started a fresh decline below the $3,550 support zone. The price is currently trading below $3,550
Solana (SOL) has been facing a tough time in the market as it continues to extend losses below the critical support level of $150. Despite some attempts at recovery, the price is struggling to make significant gains and is currently consolidating around the $152.50 resistance zone. This sideways movement suggests that the token might be
The cryptocurrency market is ablaze with optimism as investment funds experience a surge in inflows, marking a historic milestone. Reports from CoinShares, a prominent digital asset management firm, indicate that the market witnessed an unprecedented $2 billion influx into crypto funds within just one week. This surge eclipses the entire net inflows for the month
Crypto analyst Chad Steingraber has recently made a bold price prediction for XRP, stating that the price of the crypto token could potentially rise to three figures. In a post on X (formerly Twitter), Steingraber suggested that XRP could reach $250 by the year 2025, marking what he believes will be the market top for
Tron price is displaying a strong uptrend, surpassing the $0.1150 resistance level against the US Dollar. TRX is currently outperforming Bitcoin, hinting at potential further gains above $0.1180. The price is above $0.1155 and the 100-hourly simple moving average, demonstrating a positive outlook for TRX. A key bullish trend line has formed with support at
Ripple has once again stirred concerns within the XRP community due to its recent XRP sale. This action has come at a time when the price of XRP has been struggling, portraying a bearish outlook for the cryptocurrency. The on-chain data reveals that Ripple sold 150 million XRP tokens, equivalent to $78 million, on June
In recent analyses of the XRP price chart, several crypto analysts have pointed out bullish patterns and potential price targets for the cryptocurrency. These predictions range from a rise to $0.75 to massive breakouts to even $80. Let’s delve deeper into these claims and assess the validity and likelihood of such scenarios. One crypto analyst,
As of now, Polkadot (DOT) is experiencing a slight decline of -0.13%, trading at approximately $7.13. The cryptocurrency has a market capitalization exceeding $10 billion and a trading volume surpassing $153 million. Despite a decrease of 0.39% in market capitalization, the trading volume has increased by 0.34% within the last day. Analyzing the 4-hour and
