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Summary ⚈ Ethereum is forming an ascending triangle with strong trendline support, signaling a potential breakout above $2,150. ⚈ The recent rally pushed ETH past $2,400 after a 10-week bear market, driven by the Pectra upgrade and $400M in short liquidations. ⚈ However, overbought RSI levels and continued ETF outflows suggest caution despite recent gains. With Ethereum (ETH) stunning the cryptocurrency markets with weekly gains of over 30%, veteran trader Peter Brandt has highlighted that the asset could be setting up for another upward price move. Brandt’s Analysis pointed to a multi-year congestion pattern, suggesting a potential “moon shot” as an ascending triangle forms. This pattern, which often signals an upward move when resolved to the upside, was highlighted in his X post on May 9.  Ethereum price analysis chart. Source: Peter Brandt Supporting this bullish outlook, the long-term trend Features an ascending trendline connecti...

Summary ⚈ Dogecoin closed above its 50-day MA for the first time since January 18. ⚈ Analyst TradingShot forecasts a conservative $0.90 DOGE target using Fibonacci extension. ⚈ Whale activity and market volatility may limit Dogecoin’s ability to sustain a rally. Dogecoin (DOGE) has closed above a key support level for the first time in more than 3 months.  At press time on April 23, DOGE was changing hands at $0.174, having marked a 12.12% gain on the 1-week chart. DOGE price 1-week chart. Source: Finbold Namely, the meme coin closed above its 50-day moving average (MA) on the 1-day chart on April 22, which hadn’t happened since January 18. Shortly before this, DOGE hit and rebounded off a 2-year higher low zone. Chart expert deems $0.9 a conservative Dogecoin price target Each time such a rebound and close above the MA has happened, Dogecoin price entered a bullish leg as part of a wider cycle, as noted by renowned chart expert TradingShot in an ...

The Sui price plunged over 11% in the last 24 hours to trade at $4.58 as of 6:25 a.m. EST as investors decrease their exposure to the altcoin. Despite the pullback in the SUI price throughout the past day of trading, the crypto’s weekly performance remains more than 10% in the green. Sui Price Resting On A Critical Support Level Daily chart for SUI/USD (Source: GeckoTerminal) The Sui price has been in a negative sequence in the last few days, and is now resting on the $4.5061 support, according to GeckoTerminal data . Should the crypto fall below this technical safety net, it could be at risk of falling down to the subsequent mark at $3.9794.  However, the Sui price closing today’s daily candle above the $4.5061 support might invalidate the bearish thesis. In this alternative case, the altcoin will likely attempt to flip the $4.9450 mark, which it dropped below in the last 48 hours, back into support. Thereafter, continued pressure from bulls could lead to SUI ri...

By early September 2024, most major meme coins had already left their 2024 highs far behind, and there is significant doubt if they will regain them before the year is out as, in recent months, these cryptocurrencies have done little other than decline. One of the most popular such cryptocurrencies, the Ethereum-based Shiba Inu (SHIB), has not escaped such a faith.  Despite still being 28.87% in the green in the year-to-date (YTD) chart, the ERC-20 token operating on the Ethereum blockchain is down 62.09% in the last six months and 6.35% in the last seven days of trading. Meanwhile, SHIB price today, at press time, stands at $0.0000131 after a 0.27% 24-hour rise. Picks for you Did the FED just trigger a recession by not cutting rates earlier? 2 hours ago ...

The Rosa Inu price has plunged 9% in the last 24 hours to trade at $0.003361 as of 3:20 a.m. EST on a 5% drop in trading volume to $77k. Rosa Inu Price 4-Hour Chart Analysis: Downtrend Persists with Key Support At $0.00325 The ROSA/USDT pair on the 4-hour timeframe displays a clear downtrend indicated by lower highs and lower lows within a descending parallel channel. The price is currently trading within this channel, defined by a resistance level around $0.00412 and a support zone near $0.00325. This support zone has recently been tested multiple times, highlighting it as a critical level for buyers to defend. ROSAUSDT Analysis Source: Tradingview A sustained break below this zone could lead to further declines, potentially pushing the price toward the next lower support level around $0.00300 or even lower. The 50-period Simple Moving Average (SMA) at  $0.00386 and the 200-period SMA at $0.00429 are sloping downward, underscoring the prevailing bearish momentum. ...

XRP, Ripple’s cryptocurrency, is at a crucial point. The blockchain-based asset is hovering around $0.60. The latest XRP price movements has brought some attention to it. Also Read: Ripple (XRP) & Dogecoin (Doge) Price Prediction For September 2024 Unlocking a 14% Rally: Navigating Market Volatility with Ripple’s XRP XRP’s Price Performance and Support Levels XRP’s price has been on a wild ride lately. In just 24 hours, it dropped 1.74%, testing the critical $0.595 support level. Traders and investors are watching this level like hawks. If Ripple’s coin loses this support, it might drop to $0.555. That said, if it holds, a 14% rally could happen. We’re eager to see how this unfolds. Factors Influencing Ripple’s Potential Rally XRP’s price is bouncing between $0.595 and $0.6487. This narrow range might indicate a potential large move soon. Could this be the moment? Analysis ">Liquidations and Open Interest Analysis Coinglass data shows more liquidation...