The post EdgeX breaks out of 30-day consolidation – Can bulls push EDGE to $0.80? appeared on BitcoinEthereumNews.com.
EdgeX [EDGE] has firmly sided with the bulls, with the asset climbing an impressive 34% over the past day at press time, as sentiment across the market reflects growing strength from buyers. The analysis shows that while the asset has already gained ground, concerns remain over whether the momentum holds long enough to clear the unfilled liquidity gap sitting ahead of price. For now, market sentiment still favors the bulls. EdgeX rally breaks out of a 30-day consolidation EDGE’s rally stems from a breakout of the descending consolidation pattern the asset had traded within for roughly thirty days, as price moved between key support and resistance levels. While the market carries a decent level of optimism following the recent breakout, the asset still needs to post substantial growth to clear the $0.39 to $0.42 range, which currently acts as supply. Source: TradingView
The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared on BitcoinEthereumNews.com.
The post XRP Eyes a Top 5 Comeback—Can the Price Break Above $1.20? appeared first on Coinpedia Fintech News The XRP price has come under renewed selling pressure, plunging nearly 3% over the past 24 hours as it continues to trade within a descending channel that has kept buyers on the back foot for weeks. Every recovery attempt has so far been met with fresh selling, leaving the token stuck below key resistance despite … Source: https://coinpedia.org/price-analysis/xrp-eyes-a-top-5-comeback-can-the-price-break-above-1-20/
The post Bitcoin whale places $31M short bet – Will BTC drop to $60K again? appeared on BitcoinEthereumNews.com.
Bitcoin [BTC] has closed at lower lows for two consecutive days for the first time in ten days. At press time, Bitcoin traded at $62,714, down 1.04% on the daily charts. Amid this price pullback, traders, especially whales, have begun shorting the market. Bitcoin whale opens a $31M short As BTC faced rejection, falling to $62k, a whale jumped into the market and opened a short position. According to Onchain Lens, a whale opened a 40x short position on 493 BTC worth $31 million. With BTC declining, the whale is already sitting on $220k profit after spending $2k in funding fees. Moreover, the whale’s decision to open a short position showed strong pessimism, anticipating the market to continue declining. Source: Coinglass Interestingly, this was not an isolated case. After briefly spiking above 1 across all exchanges, the Long/Short Ratio fell back to 0.97 as of writing.
The post Shiba Inu Price Prediction: Can Robinhood’s 109M SHIB Burn Break the Triangle Before It Breaks Down appeared on BitcoinEthereumNews.com.
Robinhood burned over 109 million SHIB in one transaction, the largest single burn in recent weeks The 24-hour SHIB burn rate jumped 3,096% with the 7-day rate up 680% SHIB is compressing inside a descending triangle with all EMAs above price Shiba Inu trades at $0.00000429 on July 8, down 2.05%, as an unprecedented Robinhood-driven burn spike hits the blockchain while the chart shows price trapped inside a tightening triangle. Is SHIB Approaching A Breakout Or Breakdown From Its Triangle? SHIB 1D Price Action (Source: TradingView) The daily chart shows SHIB inside a descending triangle that has been forming since May, with lower highs pressing against a flat support line near $0.0000040-$0.0000042. The Bollinger Bands have tightened sharply, with the upper band at $0.00000475 and the lower band at $0.00000404, one of the most compressed read
The post Zcash price rejected at $500 resistance, yet charts point to another rebound appeared on BitcoinEthereumNews.com.
Zcash price has pulled back from the $500 resistance zone after a sharp rally driven by renewed optimism around the upcoming Ironwood upgrade, although technical indicators still favor another attempt higher if key support levels continue to hold. Summary Zcash price has retreated from the $500 resistance after profit-taking, but continues to hold above the key $440 support zone. Technical indicators and liquidation data suggest a break above $480 could trigger another move toward the $500-$540 region. Rising geopolitical tensions, weaker institutional crypto demand, and regulatory pressure remain the biggest risks to the bullish outlook. According to data from crypto.news, Zcash (ZEC) price climbed to an intraday high of around $505 before retreating to about $466 on July 8 as traders locked in profits after a nearly 28% advance. The rejection came as leveraged lo
Zcash price has pulled back from the $500 resistance zone after a sharp rally driven by renewed optimism around the upcoming Ironwood upgrade, although technical indicators still favor another attempt higher if key support levels continue to hold. According to…
The post XRP Is Set for a 16% Breakout, but Only if the Market Leader Behaves appeared on BitcoinEthereumNews.com.
The XRP price is trading near $1.09, and its chart is quietly turning bullish. A classic reversal pattern is taking shape just as selling volume fades and Bitcoin, the coin XRP still tracks, holds firm. That mix hints at a possible double-digit breakout. The catch is that XRP’s fate stays tied to the market leader. XRP Draws a Bullish Pattern as Bitcoin Holds Firm On the daily chart, XRP is shaping a cup and handle, a rounded base followed by a small dip that often leads to a breakout. That said, the cup formed between June 22 and July 4, and the handle is taking shape now. If it completes, the pattern points to a move of roughly 16%. XRP Cup and Handle Setup: TradingView The volume supports it. Selling volume has faded since July 6, a sign the pullback is losing steam rather than building. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypt
The post Bitcoin Rolling Over: Can Bulls Maintain the Rally? appeared on BitcoinEthereumNews.com.
So far unable to get through the $64K horizontal resistance level, the $BTC price may have ended its rally of the last week and is starting to roll over. Could this just be a pause to enable the bulls to catch their breath and consolidate, or could a decent pullback be in the early stages? Sideways consolidation before next move Source: TradingView As can be seen in the short-term time frame above, the $BTC price has not been able to get above the $64K horizontal resistance level and this has led to some sideways chopping up and down until the price goes one way or the other. So far, the $BTC price has found good support on top of the 200 simple moving average (SMA). Below this is the bull market trendline and the top of the falling wedge – also, decent support levels. Shorter term momentum indicators are starting to come back down, so if Bitcoin can stay in this relatively tight sideways
So far unable to get through the $64K horizontal resistance level, the $BTC price may have ended its rally of the last week and is starting to roll over. Could this just be a pause to enable the bulls to catch their breath and consolidate, or could a decent pullback be in the early stages?
