XRP (XRP) was trading around $1.41 as of November 27, down more than 17% in four days after reaching a multi-year high of around $1.63. However, on a monthly basis, the cryptocurrency’s “Trump Trade” profits increased nearly 180% in its best month since April 2021.Overbought XRP signals 25% decline by December. XRP’s Relative Strength Index (RSI) levels have remained above 70 on the daily chart throughout November, indicating that the ongoing uptrend is likely to run out.Historical data highlights XRP’s tendency to correct sharply after reaching overbought RSI levels. For example, in June 2023, XRP’s daily RSI topped 85 while…
Author: Crypto Flexs
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join us telegram A channel to stay up to date on breaking news coverage The altcoin market looks promising, with many altcoins recording profits. Moreover, the market is bullish, so investors and analysts are optimistic. Investors should pay attention to this consolidation phase as it could be an opportunity to follow the upward trend. The prices of various altcoins are already showing positive movements even before the market fully rises. In today’s article Next Cryptocurrency to Explode Inform investors and traders about each token. Next Cryptocurrency to Explode Smart investors will anticipate a boom in the altcoin market and take…
This article is also available in Spanish. BNB Building on the $605 support level has sparked optimism about a potential recovery. Following recent bearish pressure, the bulls appear to be regrouping with the aim of regaining control and driving prices higher. With key technical indicators signaling renewed buying interest, market participants are closely watching whether this support will set the stage for the next phase of BNB. rally. With BNB showing encouraging signs of revival, this article aims to examine the bounce from the $605 support level and assess its ability to sustain itself. recovery. Through market trends, technical indicators,…
CryptoQuant founder and CEO Joo Ki-Young Ju recently argued that a fresh infusion of capital from retail traders will be needed for the start of altcoin season, which is usually a period of rapid rise in altcoin prices following a Bitcoin (BTC) bull market.Quantitative analysts say institutional money is already tied up in exchange-traded funds, and institutional investors who indirectly own cryptocurrencies through investment vehicles are unlikely to shift profits from blue-chip assets like BTC or Ethereum (ETH) to altcoins. I wrote it. The Lord wrote:“For an altcoin to reach an all-time high market cap, there would need to be…
Key Takeaways The risk of Bitcoin falling to zero has disappeared, attracting value-focused buyers during the downturn. The market is maturing, and the intensity of price corrections is decreasing, indicating a growing investor base. Share this article Bitwise CIO Matt Hougan referenced a recent post by CoinDesk analyst James Van Straten, commenting on a major change in Bitcoin market behavior. This post captures a very important change. “Value” buyers now exist in Bitcoin. One reason Bitcoin declines have been so violent in the past is because whenever BTC started falling, people started worrying that Bitcoin would hit $0. That is…
Ted Hisokawa November 27, 2024 12:45 As part of its strategy to enhance its trading options, Binance Futures has expanded its offerings with new USDⓈ margin perpetual contracts for MORPHOUSDT and CHILLGUYUSDT, offering up to 75x leverage. Binance Futures will expand its trading portfolio by launching USDⓈ margin perpetual contracts for MORPHOUSDT and CHILLGUYUSDT, offering traders up to 75x leverage. According to Binance, the move aims to broaden the range of trading options available to users and improve the trading experience. Contract details and specifications MORPHOUSDT and CHILLGUYUSDT contracts are designed with a maximum…
XLM has surged 372% this month, garnering significant attention across markets. A steep decline of 16% in the last 24 hours has dampened momentum. Key support and resistance levels could define the next big move for XLM. Stellar Lumens (XLM) captured the attention of the cryptocurrency world this month with a whopping 372% gain. Fueling this rally was major support from global companies such as MasterCard and Franklin Templeton. However, the rapid rise in value has met resistance, with XLM falling 24% since its high of $0.6342. The sudden correction sparked speculation among traders. Is XLM’s rally over, or is…
Ethereum (ETH) surged 15% from November 20 to November 27, surpassing the $3,500 level for the first time in four months. The rally coincided with record Ethereum futures open interest, raising questions among traders about whether the rise in leverage was indicative of excessive bullish sentiment.Ether futures aggregate open interest in ETH. Source: CoinglassTotal open interest in Ether futures increased 23% in the 30 days ending November 27, reaching $22 billion. For context, three months ago, on August 27th, Bitcoin (BTC) futures open interest reached $31.2 billion. Additionally, on May 13, when Ether was trading above $4,000, ETH futures open…
Ethereum has seen a notable rebound, rising more than 5% over the past 24 hours, while Bitcoin has risen a more modest 1.5% over the same period. This change in market dynamics is reflected in a 13% surge in the ETH/BTC trading pair, which rose from 0.0318 the previous day to 0.0371, representing a significant recovery from the post-election lows. “Ethereum is making a comeback after Bitcoin fell, and there are signs that the market is shifting towards ETH and alternatives, as evidenced by the 13% surge in the ETH/BTC pair,” said QCP Capital analysts.According to The Block’s price page,…
A cryptocurrency analyst said one Solana (SOL) rival is showing signs of strength in the market despite Bitcoin (BTC) falling below $90,000. Pseudonymous analyst Pentoshi told his 822,400 followers on social media platform “SEI is another one that not only looks great with high period conversions and clear voids, but has also held up very well like many alternatives to this BTC pullback. Here are the daily and weekly ones. Let’s compare it to a similar setup shared (November 23): As BTC calms down, Alt should continue to rise.” Source: Pentosh/X Source: Pentosh/X As of this writing, SEI is trading…