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FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny

FLOKI Faces Downside Risks: $0.000110 Support Level Under Scrutiny

FLOKI is navigating a critical moment as technical indicators flash bearish signals, raising concerns over its ability to maintain support at $0.000110. With downward momentum building and sellers gaining strength, this support level has become a focal point for traders watching for signs of stability or further decline. As the market turns cautious, the strength of FLOKI’s support will be crucial in determining its next move and whether it can withstand the current downtrend. This analysis aims to assess the current technical indicators signaling bearish pressure for FLOKI and evaluate the potential resilience of the $0.000110 support level. By examining key indicators and market dynamics, this piece aims to provide insight into whether the meme coin can hold steady at this critical threshold or if further downside risks loom. Is FLOKI’s $0.000110 Support In Danger? On the 4-hour chart, FLOKI is exhibiting negative momentum, trading below the 100-day Simple Moving Average (SMA) as it trends downward toward the $0.000110 support level. A continued descent toward this support suggests that selling pressure is intensifying, and if the support fails to hold, FLOKI could experience more declines. Also, the 4-hour Composite Trend Oscillator for FLOKI indicates bearish movement, with the signal line crossing below the SMA line and dropping below the zero line. This shift suggests increasing selling pressure, favoring sellers and raising concerns about potential further declines in price. Related Reading: Floki Inu Warning: Analyst Says ‘Prepare For The Crash’ – Details On the daily chart, the meme coin displays significant downward momentum, highlighted by a series of bearish candlestick patterns that have emerged following a failed recovery attempt. The inability to sustain upward movement after the recovery attempt suggests a lack of buyer confidence and a prevailing bearish sentiment in the market. As FLOKI trends toward this support level, the pressure from sellers could intensify, raising concerns about the possibility of a breakdown. A thorough examination of the 1-day Composite Trend Oscillator reveals that the asset is positioned for possible extended losses. The signal line has crossed below the SMA line and is trending downward beneath the zero line, signaling a notable shift in momentum toward the negative. If this downward trend continues, FLOKI may face substantial challenges in regaining upward traction, leading to an extended period of diminished price movement and increased bearish sentiment in the market. Testing Times Ahead For FLOKI FLOKI is nearing a pivotal point as it approaches the $0.000110 support level. If the asset breaks this critical threshold, it could trigger an additional decline, potentially leading the price down to the $0.00005381 level and other subsequent support areas. Related Reading: Floki Bullish Breakout Ignites: Could A 96% Surge Be Next? Conversely, should the meme coin manage to hold the $0.000110 support level, it could establish a base for a possible rebound, paving the way for a price increase toward the $0.0002105 mark and other resistance levels. Featured image from Adobe Stock, chart from Tradingview.com

PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here?

PEPE Midterm Price Prediction: Is A 326% Rally To $0.00003474 Possible From Here?

A crypto analyst has just unveiled a midterm Pepe price prediction, forecasting that the frog-themed meme coin could see a potential 326% rally before the end of 2025. This massive surge would propel the Pepe price to $0.0000347, marking new all-time highs for the popular meme coin.  Analyst Predicts 326% Price Rally For PEPE Sharing a bullish price forecast for the Pepe price on the last day of October, crypto analyst Captain Faibik has predicted that the frog-themed meme coin is set for a substantial price rally between November and December 2025. While specific analysis of this forecast was not fully disclosed, a few critical indicators on the meme coin’s predicted monthly price movement for Q4 2024 to 2025 appear to support this bullish outlook. Related Reading: Bitcoin Price To New ATH Soon? Analyst Who Called $72,000 Surge Reveals What Needs To Happen In the price chart, Captain Faibik highlighted a series of market fluctuations that Pepe is expected to undergo before the end of 2024. According to his forecast, Pepe could see a brief price rally in December, followed by a shift towards bearish trends. Between February and March 2025, the meme coin is anticipated to rally again. This time, however, this price increase is projected to be more explosive, pushing Pepe to significantly higher levels. Furthermore, the potential surge in March is projected to trigger the start of a unique triangle pattern for the price. From April to November 2025. Pepe is expected to enter a prolonged consolidation period marked by slight price increases and declines. Around November and December 2025, Captain Faibik forecasted a substantial 326.64% price rally for Pepe, potentially pushing its price to $0.00003474, possibly even above the $0.00004 mark. This anticipated spike would effectively send the price of Pepe to new all time highs by the end of 2025.  Additionally, with Pepe currently trading for $0.0000089, a rally to the $0.00003474 level would result in the cryptocurrency effectively dropping a zero, marking a crucial milestone in its growth trajectory. A jump above $0.00004 would also represent a 349.44% increase from present price levels. Price Action Mirrors Dogecoin’s 2020 Movements According to crypto analyst Max on X (formerly Twitter), Pepe is experiencing a similar set of price movements to those seen in Dogecoin in late 2020, just before the 2021 bull run. The analyst revealed that this bullish price action is coming just as Bitcoin is on the verge of hitting a new ATH this bull cycle.  Related Reading: Ethereum Price Completes 12 Weeks Of Bottom Formation, Analyst Says Don’t Aim Lower Than $4,900 ATH Max has expressed confidence that Pepe could become the leading meme coin in this current market cycle, much like Dogecoin was during the bull run in 2021. With the belief that the frog themed meme coin is on the verge of a significant rally, the analyst warns investors to consider jumping on the Pepe bandwagon.  Featured image created with Dall.E, chart from Tradingview.com

Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

Crypto Pays Off: Robinhood Posts 165% Revenue Growth In Q3 Earnings Report

Robinhood, a popular American financial services company, is finally out of the woods. In its third-quarter filing ending September 30th, 2024, the company disclosed its revenues were up by 165%, and its overall year-to-date (YTD) net deposits increased to $34 million. Related Reading: Tether’s $1 Billion USDT Mint On Tron: What’s Fueling The Demand Surge? It’s a promising development for Robinhood Markets this quarter after facing plenty of challenges in the past. The company took a hit in early 2021 after it decided to restrict trading in GameStop and other meme stocks during a market frenzy. In a separate statement, Robinhood shared that it’s inching closer to a settlement with investors and traders. Q3 Filing Is Company’s Second-Best Revenue Despite its challenging backstory and the SEC’s regulatory pressures, Robinhood Markets found its rhythm to post a solid third-quarter performance. The company shared that its net deposits grew to $34 billion, and revenue increased 36% yearly to $367 million, with its cryptocurrency unit leading the surge. In its filing, Robinhood stated that its cryptocurrency revenue increased to $61 million over the quarter or 165%. Market observers expected this growth after the company completed its takeover of Bitstamp, thus pushing its trading volume. Robinhood Surprises With Impressive Growth Robinhood’s growth story impressed many market observers and analysts, given its recent experience with FTX, the ‘meme frenzy,’ and run-ins with the SEC. Last year, the company bought back its shares from Alameda Research for $605 million. At the time of the transaction, many observers expected that Robinhood would avoid cryptocurrency investments. However, the company surprised analysts by making crypto a critical investment through its Robinhood Crypto unit. For its Q3 filing, Robinhood’s Asset Under Custody (AUC) surged by 76% year-over-year to more than $152 billion. The firm reported that its holdings increased due to higher equity, better crypto valuation, and sustained deposits. The company has a portfolio heavy on Bitcoin, and the recent rise in the top crypto bodes well for the firm, which will continue to earn as long as the trend remains bullish for BTC. Related Reading: On The Verge Of History: Bitcoin Breaks $73,000 Barrier, Eyes New Record High – Details Robinhood Finally Moving Ahead After Regulatory Pressures Robinhood Markets is finally moving away from the challenges and issues. As mentioned, the company was embroiled in a trading scandal in early 2021 over the hype on GameStop and meme stocks. Last May, the Securities and Exchange Commission (SEC) issued a Wells Notice to the company. The agency argued that some of Robinhood’s cryptocurrency services violate securities laws. Interestingly, the SEC has not filed a case against the company. In the meantime, Robinhood Markets is business as usual. Based on reports, Robinhood has listed several tokens and allowed transfers for assets like SOL. However, access to the service is limited to EU customers. Featured image from Omar Marques/SOPA Images/LightRocket via Getty Images, chart from TradingView

XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline

XRP Price Explosion Above $3 Is A Matter Of When, Not If: Analyst Reveals Timeline

A crypto analyst has made a bold prediction about the XRP price, highlighting that an explosive rise above $3 is not a matter of if but when. While XRP’s slow price growth over the years has tested the patience of many investors, the analyst is confident that the cryptocurrency’s fundamentals and market dynamics are aligning for a significant upward movement.   Timeline For XRP Price Surge Above $3 Popular crypto analyst Javon Marks has expressed optimism about the future outlook of the XRP price, predicting that the prominent cryptocurrency could be on the verge of a significant rally above the $3 mark. In an X (formerly Twitter) post on Tuesday, Marks revealed that the recent XRP price action indicated a “massive bullish breakout” to the upside. Related Reading: Bitcoin Price Breaks Out Of 7-Month Descending Broadening Wedge Pattern For Continuation Above $70,000 The analyst suggested that this upward momentum could happen very soon, implying that all the conditions and signs were pointing towards a substantial price shift for XRP in the future.  Sharing a detailed chart of XRP’s historical price movements, Marks noted that the cryptocurrency had formed a distinct triangle pattern, starting in 2014 and peaking in 2017. After breaking out of the triangle pattern in 2017, XRP experienced a dramatic price surge, reaching new highs before recording a short dip and then rallying again to its current all-time high of $3.84 in 2018.  Based on Mark’s price chart, XRP has formed another similar triangle pattern, which started around 2018 and is projected to peak in 2025. Marks pointed out that breaking out of this triangle pattern could trigger a massive increase in the XRP price, potentially pushing the cryptocurrency to new highs around $3.6 by 2025.  Price Remains Stagnant While Other Cryptocurrencies Rally Despite the optimistic price projections for the XRP price, the cryptocurrency has been facing immense downward pressure for the past few months. While other cryptocurrencies like Bitcoin, Ethereum, and most meme coins have been experiencing significant price gains amidst the positive shift in market conditions, XRP price has struggled to build momentum. Related Reading: Dogecoin Price Is About To Complete This Breakout To A Descending Megaphone Pattern, Is $1 Next? Data from CoinMarketCap has revealed that XRP is currently trading at around $0.5, recording significant declines, much to the frustration of long-time XRP holders and investors. While Bitcoin has skyrocketed to $72,000, Ethereum to $2,670, and Shiba Inu to $0.0000188, XRP has declined by 0.37% in the last 24 hours and decreased by 18.61% over the past month. Currently, XRP is being cited as one of the worst-performing assets in the crypto space, as its price has failed to break beyond the $1 mark since February 2022. This bearish price trend and slow momentum could be attributed to XRP’s bearish market sentiment and the ongoing legal battles between Ripple Labs and the United States Securities and Exchange Commission (SEC).  Featured image created with Dall.E, chart from Tradingview.com

Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities

Cardano Might See A Massive Pump Around November 18 – Analyst Exposes 2020 Similarities

The crypto market is heating up, with Bitcoin on the brink of all-time highs and anticipating a major breakout across assets. Cardano (ADA) is also at a critical juncture, showing striking similarities to its price action in 2020—a year that saw ADA skyrocket by over 4,000% in under 12 months.  Related Reading: If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst Renowned analyst Ali Martinez recently shared a technical analysis comparing ADA’s current market structure to November 2020. According to Martinez, ADA’s recent consolidation around key levels could set the stage for a significant upward surge, particularly following the upcoming U.S. election. Martinez’s analysis highlights Cardano’s pattern of explosive growth after periods of accumulation and points to the potential for a strong rally if Bitcoin breaks new highs. Investors are now closely watching ADA’s price movement, eager to see if it can replicate its historic bull run. As the market prepares for a possible shift, Cardano’s performance in the coming weeks could offer insight into broader altcoin momentum in this cycle. The next moves could be decisive, making ADA one to watch in the rapidly evolving crypto landscape. Cardano Following 2020 Bullish Pattern  Cardano has captured the attention of analysts and investors who see its current consolidation as a possible signal of accumulation, hinting at a strong move up ahead. Well-known analyst Ali Martinez recently shared a technical analysis on X, comparing Cardano’s current price behavior and its pattern in 2020—a year in which ADA experienced an extraordinary 4,000% surge.  According to Martinez, Cardano’s price action is displaying a similar setup, suggesting the possibility of a breakout around November 18, roughly two weeks after the U.S. elections. This timeline aligns with historical patterns, where ADA consolidates before explosive upward moves. Martinez’s analysis points to a long-term bullish target of $6.30, representing a potential 2,000% increase from current levels. He anticipates that if it materializes, this rally could lead to a market top for Cardano around September 2025. This prediction is based on ADA’s cyclical price trends, where significant rallies have historically followed periods of low volatility and accumulation, driven by market sentiment and broader crypto adoption. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks – Details Many investors are now watching ADA closely, as such a rally would not only be significant for Cardano but could signal a broader bullish momentum across altcoins. Cardano’s current price level has attracted a mix of institutional and retail investors seeking opportunities before what could be a substantial move.  With both on-chain data and technical indicators supporting a bullish outlook, ADA’s upcoming price action may set the tone for the altcoin market in the coming months. If history repeats, Cardano could be primed for one of its most powerful surges, attracting new interest and capital into the ecosystem. ADA Technical Levels  Cardano is trading at $0.346 after experiencing a clear rejection from the 4-hour 200 exponential moving average (EMA) at $0.351. This key level has been pivotal, as a break above it and holding it as support would signal a potential shift toward a short-term uptrend. For bulls aiming to regain control over ADA’s price action, establishing a firm foothold above the 200 EMA is essential, as it would likely attract buying interest and strengthen upward momentum. Additionally, the $0.37 supply zone presents another significant hurdle for ADA, as bulls have struggled to reclaim this level since early October. This resistance zone has repeatedly capped price action, indicating that substantial buying pressure is necessary to break through and sustain gains beyond this mark. A bullish trend could gain traction if ADA breaches the 200 EMA and the $0.37 supply zone. Related Reading: Bitcoin Short Positions Face Serious Risk Above $68,500 – Details However, if these levels remain unclaimed, ADA’s price is likely to continue consolidating sideways in the near term. Such a pattern would allow the market to stabilize and potentially attract fresh demand before attempting another breakout, though it may delay any significant upward movement for ADA. Featured image from Dall-E, chart from TradingView

If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst

If Dogecoin Breaks Above Key Resistance ‘We Could See A 25% Rally’ – Top Analyst

Dogecoin (DOGE) has been trading below a key resistance level at $0.143 since October 19, and anticipation is building among investors who believe a breakout may be imminent. The popular memecoin has remained relatively steady, yet this critical level has prevented DOGE from moving significantly higher.  Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting the potential for a strong rally once DOGE clears this barrier. According to Martinez, a break above the $0.143 mark could trigger a rapid 25% rally, propelling Dogecoin to fresh highs. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As market sentiment appears cautiously optimistic, all eyes are on Dogecoin’s performance in the coming days. Investors and traders are watching closely, expecting a decisive move that could set the stage for Dogecoin’s next trend. With the entire crypto market poised for potential shifts, it could be crucial for DOGE to regain momentum.  The outcome of this resistance test will likely play a key role in shaping Dogecoin’s path forward, especially if it ignites renewed interest and buying pressure across the market. Dogecoin Price Starting To Rise Dogecoin is showing renewed strength following a week marked by volatile price action, which included a pullback from a recent local high at $0.149. Now trading near a key resistance level at $0.143, Dogecoin is capturing attention across the market.  Prominent analyst Ali Martinez shared a detailed technical analysis on X, suggesting that if DOGE successfully breaks through this resistance, it could trigger a notable 25% rally, pushing the price up to the $0.175 mark. According to Martinez, the $0.143 threshold is crucial for Dogecoin’s short-term trajectory, acting as a potential launchpad for further gains. Currently, Dogecoin is testing this pivotal level, and market sentiment is growing optimistic about a breakout, especially as other assets signal readiness for upward movement. The next few days will be critical, with analysts expecting potential bullish momentum across the crypto market that could support DOGE in surging higher. Related Reading: Solana Bullish Pattern Holds – Crypto Analyst Sets $202 Target However, should Dogecoin fail to surpass the $0.143 resistance, a period of retracement would likely be necessary to locate lower demand and restore liquidity for the next leg up. A pullback to gather momentum could provide the foundation needed to reattempt a breakout, positioning DOGE for further gains once market conditions align. As Dogecoin teeters on this critical threshold, it’s clear that the outcome of this resistance test will be instrumental in setting the tone for its price action in the near term. DOGE Technical Levels To Watch DOGE is trading at $0.143 after a minor rally from recent lows at $0.127. This level has proven to be a significant resistance point, as DOGE faces challenges in breaking above it. The overall market is signaling potential upward momentum, but for DOGE to maintain its bullish trajectory, it must decisively break past this $0.143 threshold in the coming hours. Successfully doing so would solidify support for a continued rally, potentially driving the price higher in the short term. However, a retracement would likely be necessary if Dogecoin struggles to hold above this resistance. In this case, a dip to a lower demand level around $0.12 could provide the necessary liquidity to reignite buying interest and gather momentum for a subsequent push. This demand zone has previously acted as strong support and could be the fuel DOGE needs to sustain its bullish outlook. Related Reading: Bitcoin Bullish Outlook Confirmed By Critical Data – STH Overheating? As Dogecoin tests these critical levels, traders closely monitor its movements to gauge whether it can break through resistance or if a temporary pullback is on the horizon. Featured image from Dall-E, chart from TradingView

Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows, Marks 3-Week Positive Streak- Details

Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows, Marks 3-Week Positive Streak- Details

The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion in total inflows. Meanwhile, the spot Ethereum ETFs have struggled to maintain a positive form with outflows dominating the market in the same period. Related Reading: Bitcoin Retail lnvestors Remain Cautious Despite Price Gain – Details Spot Bitcoin ETFs Attract $3 Billion In 11 Days Following a splendid performance in October’s third week during which the Spot Bitcoin ETFs registered $2.18 billion in market inflows, these institutional funds retained investors’ interest the following week evidenced by a total weekly inflow of $997.70 million.  According to data from ETF tracking site SoSoValue, the Spot Bitcoin ETFs recorded a positive netflow on all weekdays except Tuesday, October 22nd, where they experienced $79.09 million in outflows.  Meanwhile, the largest inflows came on Friday, October 25, valued at $402.08 million.  Of this figure, The dominant BlackRock’s IBIT attracted $291.96 million as its cumulative net inflows moved to $23.99 billion.  In a similar fashion, Fidelity’s FBTC emerged in second place recording $56.95 million inflows, while $33.37 million was invested in Ark & 21 Shares’s ARKB. Other ETFs that contributed to Friday’s gain include Bitwise’s BITB, Grayscale’s BTC, and VanEck’s HODL with respective inflows of $2.55 million, $5.92 million, and $11.34 million.  Interestingly, these positive net flows recorded on Friday mean the spot Bitcoin ETFs have now recorded over $3 billion in inflows in the last eleven trading days.  Commenting on this development, popular crypto analyst Michaël van de Poppe shared the general excitement of the crypto community as such massive inflows indicate significant institutional interest in Bitcoin.  Van de Poppe said:  The #Bitcoin ETF has seen an inflow of more than 3 Billion US Dollars since October 10th. 3 Billion US Dollars. That’s a strong sign that we’re about to see the big breakout for #Bitcoin to $100K. As of now, cumulative total net inflows for the Spot Bitcoin ETFs now stand at $21.93 billion, with their total net assets now valued at $65.25 billion which represents 4.93% of Bitcoin market shares. Related Reading: Bitcoin Price To Go ‘Vertical’ Towards $200,000 As Crypto Analyst Points Out Massive Cup And Handle Pattern Ethereum ETFs See Negative Returns Again  In other news, the struggles of the spot Ethereum ETF market persist, which saw total outflows of $24.45 million over the past week, marking their 11th week of negative returns since debuting on July 26. Total net assets for these Ethereum ETFs currently stand at $6.82 billion but with a cumulative total net outflows of $504.44 million. At press time, Bitcoin and Ethereum traded respectively at $67,077 and $2,484 following a minor decline in both assets in the past day. Featured image from  StormGain, chart from Tradingview

Analyst Spots New Critical Ethereum Price Levels With Options Expiry Over

Analyst Spots New Critical Ethereum Price Levels With Options Expiry Over

Popular crypto analyst Michaël van de Poppe has highlighted vital price levels in the Ethereum (ETH) market following a massive option expiry event. This development comes amidst high whale activity on the Ethereum network. Related Reading: Crypto Analyst Says Ethereum Will Outperform Bitcoin And Solana, Is $12,000 Possible? ETH To Break Out At $2,750, Analyst Says On Friday, approximately $1.02 billion worth of Ethereum options contracts were settled with the max pain point established at $2,600. Amidst this massive option expiry, the price of ETH rose by over 3% to trade at $2,547 despite fears of price decline due to increased market volatility.  Following this price gain, Van de Poppe states that Ethereum now finds itself between two routes, especially as the “macroeconomic weeks” approach. Options expire day is done!$ETH bounced upwards, and now the macroeconomic weeks are kicking in. The question is: are we going to see some upward momentum or will it retest $2,000? Testing $2,750 again = breakout. pic.twitter.com/vi3JJ3tNeP — Michaël van de Poppe (@CryptoMichNL) October 25, 2024 Notably, the US elections are set to be held in a fortnight, the results of which are expected to wield a significant effect on the crypto market. Moreover, there is still anticipation of a Fed rate cut in November which could avail liquidity for investing in volatile assets such as Ethereum.  First, the analyst postulates that ETH could produce an upward momentum reaching $2750,  a significant resistance level at which the token has suffered rejection thrice since August. However, van de Poppe predicts if the second-largest cryptocurrency retests at its price zone again, it will result in a breakout rising as high as $3,350.  Alternatively, the crypto analyst forecast Ethereum may experience a price drop in line with its current consolidation pattern. In this case, ETH would initially retest at $2,300. However, amidst massive bearish pressure, the altcoin could fall to $2,000. Related Reading: Ethereum ‘Verge’ Upgrade To Simplify Running Nodes On Phones And Wearables Ethereum Whale Activity Reaches Six-Week High In other news, analytics firm Santiment reports that Ethereum has recorded its highest amount of whale activity over the last six weeks amidst its price decline. Traditionally, this high market activity indicates accumulation by large holders on the Ethereum network, signaling confidence in the asset’s long-term profitability. At press time, ETH trades at $2,445 reflecting a price decline of 1.67% in the past day. However, its daily trading volume is up by 57.97% and is valued at $23.14 billion. The recent dip in ETH’s price can be attributed to a recent controversial report on USDT stablecoin operator Tether, as well as reported Israeli attacks on Iran. Ethereum remains an investors’ favorite ahead of a highly anticipated crypto bull run. Multiple analysts have recently pinpointed a $10,000 price target citing reasons including historical performances in previous bull cycles. Featured image from Forbes, chart from Tradingview

Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue?

Shiba Inu Inflows Soar 555% In 3 Months – Will The Momentum Continue?

Known meme coin Shiba Inu (SHIB) is hogging the headlines; massive accumulators are increasing efforts due to a volatile market. The latest data shows inflow from large holders has increased by 555% within the last 90 days, which means major stakeholders are taking positions to capitalize on an expected increase in value. This is especially significant due to the total bearish sentiment that many are experiencing across the crypto market. Related Reading: XRP Could Rally 27% This Week In ‘Tremendous Move’, Analyst Says Shiba Inu: Growing Market Trend While the market sentiment seems still negative, the current trend of Shiba Inu shows a developing resilience. According to Santiment, while the broader crypto market was marked by fear and uncertainty, the negative sentiment in SHIB has gone down dramatically by 718% within just one day. This sharp decline in percentage indicates growing investor pessimism, especially considering the fact that the price of SHIB had dropped from its weekly high at $0.00001929 below $0.000017. But this silver lining, as it is, shows that the 7-day sentiment for SHIB has spiked upward by over 2,800% and might be an antidote for the asset to get a bounce-back. 🐻 Crypto markets have corrected alongside equities as traders increase speculation that the bull rally has come to an end. With crowd optimism transitioning to doubt, these are the $500M+ market cap projects showing the best upside based on buying into the crowd FUD: 1⃣… pic.twitter.com/OvnvlWdSus — Santiment (@santimentfeed) October 23, 2024 What is even more interesting is that it may be an opportunity for brilliant traders to play along. If the sentiment went bearish, then, generally speaking, price moved in the opposite direction. In the case of weighted sentiment being positive at 339% for 30 days for SHIB, hope is still not completely lost and maybe, it will be rallying within the coming days. Whale Activities Up The significant increase in large-holder inflows is particularly telling. Over the last three months, these inflows surged by 554.88%, indicating that major investors see value in accumulating SHIB at current prices. In fact, there was also a 163% increase in inflows over the past month, and even a modest uptick of 1.29% in the last week. Related Reading: 5 Million Strong: Active Ethereum Wallets Drive Strong Momentum Larger Holders End August With Neutral Positions Despite these positive indicators from large holders, trading volume has seen a slight decline of 5.23% in one day. This drop indicates that many investors are still hesitant to make significant moves in this volatile environment. They may be waiting for clearer signals before committing to trades. Further out, SHIB appears to be on an uptrend at a much slower pace, with a projected 90% rise for the next six months, possibly due to growing interest in the long-term potential, data from CoinCheckup shows. Even more encouraging, analysts also project a strong rise of 76% over the next year, clearly outlining positive growth expectations commensurate with the incrementing adoption of SHIB and its use cases. Featured image created with Dall.E, chart from TradingView

Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains

Ethereum Price At $10,000: Symmetrical Triangle Breakout Predicts Big Gains

The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.  ETH Triangle Breakout Targets $10,000 Trader Tardigrade has predicted Ethereum’s next price target to $10,000 based on an ascending trendline and symmetrical triangle pattern. To be more precise, the analyst has confirmed that the Ethereum price has been following a distinctive ascending trendline and is now forming a key symmetrical triangle pattern, which often indicates an imminent price breakout. Related Reading: Analyst Says Dogecoin Price Looks ‘Ready’, Predicts 5,202% Surge In light of these developments, Trader Tardigrade has revealed that, historically, Ethereum has experienced explosive rallies to new highs after breaking out of symmetrical triangle patterns. Sharing an Ethereum price chart confirming this observation, Trader Tardigrade revealed that from June 2022 to the present, the Ethereum price has broken out of multiple symmetrical triangle patterns while playing on an ascending trendline.  Before April 2023, the cryptocurrency’s price broke out of a symmetrical triangle, which led to a massive 70.73% price increase to new highs. Similarly, from around October 2023 to the beginning of 2024, the cryptocurrency experienced its second breakout, triggering a massive 140.4% price rally. Based on these historical bullish trends, Trader Tardigrade has noted that Ethereum is approaching its third breakout from its current symmetrical triangle pattern. In the last breakout, the cryptocurrency had doubled its gains, jumping 70% from the first breakout to 140%.  With this in mind, the analyst has projected that this next breakout could result in a 280% price increase for Ethereum, doubling its 140% jump from the second breakout. Moreover, if Ethereum’s price increases by this projected 280% rally, then its price could potentially reach $10,000.  Update On The Ethereum Price Action Despite bullish projections suggesting that Ethereum could be gearing up to hit new all-time highs, the cryptocurrency has been under significant downward pressure, experiencing major declines and slow growth. To the dismay of Ethereum investors, the cryptocurrency has declined again by 2.20% in the last 24 hours, after experiencing a 4.1% decrease over the past week, according to CoinMarketCap.  Related Reading: Bitcoin Price Shows Bearish Engulfment After Breakout, Here’s How Far The Price Could Crash The ongoing decline in Ethereum has also prompted significant backlash from many crypto community members, with analysts ranking it as one of the most underperforming assets from the previous market cycle. While other crypto members emphasize how disappointing the cryptocurrency’s price performance has been lately.  As of writing, the Ethereum price is trading at $2,517, with many predicting that the cryptocurrency could drop even lower and possibly trigger a downturn for other altcoins in the market if it fails to maintain the 0.038 BTC/ETH level.   Featured image created with Dall.E, chart from Tradingview.com

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