XRP price has formed a bullish reversal pattern as whales continued buying the token. Summary XRP price has fallen 15% so far in December. Positive performance of XRP ETFs and renewed whale buying could improve market sentiment for the token. A descending wedge pattern has formed on the 24-hour chart. According to data from crypto.news,…
Cardano price has dropped 60% since its October high as its TVL and stablecoin supply weakened. However, it has been forming a bullish reversal pattern which, if confirmed, could lead to a 45% rally ahead. Summary Cardano price has dropped by 25% from its December high. Its stablecoin market and TVL has declined since August….
Bitcoin price continued to remain under pressure on Thursday as U.S. spot Bitcoin exchange-traded funds recorded net outflows for a fifth consecutive day. Summary Bitcoin ETFs have logged over $825 million in outflows over the past five trading days. Investors remain wary of a major BTC options expiry on Deribit due Friday. A bearish flag…
Zcash price rebounded 10% after bulls managed to defend the $400 support level on Wednesday. It is now eyeing a breakout from a bullish triangle pattern that could lead to gains of nearly 45% if momentum holds. Summary Zcash price was up 10% on Thursday. Nearly $2.24 billion of ZEC tokens are now shielded. An…
Ethereum price slipped for the second consecutive day as sentiment in the crypto market waned and as Arthur Hayes continued his selling spree. Summary Ethereum price has crashed into a bear market in the past few months. Arthur Hayes continued his selling spree today. Separately, a major whale has bought tokens worth $1.67 billion recently….
Solana price shows early bullish strength after reclaiming and retesting $120 support, signaling a failed auction. The door’s now open for a potential upside expansion. Summary Solana confirms a bullish retest above $120 support. Failed auction below support signals seller exhaustion. Bollinger Band compression hints at upside expansion. Solana (SOL) price is displaying constructive technical…
Pi Network price has formed a bearish setup just as roughly 9 million tokens are set to be unlocked on Thursday, Dec. 25. This could lead to renewed selling pressure on the token. Summary PI price is down nearly 31% from its November high. Approximately $1.76 million worth of PI tokens are scheduled to be…
Binance Coin price has dropped by 40% from its highest point this year and is at risk of forming a death cross pattern that will lead to more downside. Summary Binance Coin price has dropped by 40% from the year-to-date high. The token has formed a bearish pennant chart on the daily chart. It is…
XRP price declined for the third consecutive day as sentiment in the crypto market waned, and key Ripple USD metrics continued to worsen. Summary The XRP price has crashed by double digits in the past few months. Ripple USD’s transaction volume plunged by 85% in the last 30 days to $3.4 billion. The XRP token…
HBAR price trades under heavy selling pressure as bearish structure holds firm, placing the $0.11 support at risk and increasing the probability of a capitulation-style move lower. Summary Selling pressure continues to outweigh demand across higher time frames Key volume-based support levels have failed to hold Price reaction at $0.11 will likely define near-term direction…
