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Shiba Inu (SHIB) is facing intensified bearish pressure after breaking below a crucial support level at $0.0000129, casting doubt on the memecoin’s short-term recovery. Once positioned in a stable two-month range, SHIB’s recent price action now points towards a likely move to the range lows instead of a bounce toward its highs. This technical weakness…
Ripple’s stablecoin, RLUSD, continues to gain momentum in the crypto space, with its latest milestone being a listing on the prominent U.S.-based exchange, Gemini. Less than six months since its debut, RLUSD is now available for trading, deposits, and withdrawals on the platform, marking a significant step toward broader market adoption. Gemini made the announcement…
Ethereum (ETH) is showing remarkable resilience, trading at $1,805 even as broader market volatility keeps traders on edge. The second-largest cryptocurrency by market cap is consolidating above the critical $1,800 level just days before the highly anticipated Pectra upgrade, slated for May 7. The Pectra upgrade is poised to deliver significant enhancements to the Ethereum…
Ripple’s XRP is grabbing headlines again as analysts eye a potential surge toward the $3 mark—fueled by a powerful combination of technical signals and strategic wins outlined in Ripple’s Q1 2025 Markets Report. Currently holding firm around the $2.13 mark, XRP is trading within a falling wedge pattern—a historically bullish formation. Despite a recent 10%…
Solana (SOL) remained resilient above $145 on Monday, defying broader crypto market weakness, after DeFi Development Corporation announced a $3.5 million deal to acquire a prominent Solana validator business. The strategic move positions the firm to capitalize on staking rewards while deepening its involvement in the Solana ecosystem. According to a press release, the validator…
Cardano (ADA) is under pressure, with its price hovering near $0.650 on Tuesday after shedding nearly 6% in the past two days. A convergence of technical and on-chain data points to a deepening bearish sentiment, raising concerns of a potential extended correction in the coming days. The bearish outlook is underpinned by Coinglass’s Open Interest…
Dogecoin (DOGE), once dismissed as a meme coin, may be on the brink of a massive price explosion—if Bitcoin delivers on one bold forecast. According to investment giant Ark Invest, Bitcoin could hit a staggering $2.4 million per coin by 2030. This prediction, driven by expectations of institutional adoption, growing ETF inflows, and its role…
Litecoin (LTC) could be the next cryptocurrency to benefit from the exchange-traded fund (ETF) boom, with Bloomberg analyst James Seyffart suggesting its chances of approval are stronger than its altcoin rivals. As of Monday’s Asian session, Litecoin traded at $86, showing modest gains while holding firm above key technical indicators. Canary Capital’s proposal for a…
The cryptocurrency landscape is set for increased volatility as two prominent altcoins, Ethena (ENA) and Movement (MOVE), are preparing for significant token unlock events, totaling $58 million. The unlocks, slated to occur between Monday and May 12, 2025, could shake up the market, creating turbulence for investors and raising concerns over potential price drops. Ethena…
Bitcoin exchange-traded funds (ETFs) are continuing their impressive run, pulling in more than $1.8 billion in inflows last week, according to recent data from CoinGlass. This surge, which started on April 17, highlights a growing trend as Bitcoin ETFs increasingly capture the interest of institutional and high-net-worth investors. Thursday and Friday of last week proved…