Solana’s price has been on a downward trend, extending losses below the $150 support zone. Despite some consolidation, the price remains below $160 and the 100-hourly simple moving average. This has been influenced by the overall bearish sentiment in the cryptocurrency market, with Solana following the lead of major cryptocurrencies like Bitcoin and Ethereum. Currently,
Analysis
In recent trading sessions, the price of XRP has experienced a significant decline, falling below the $0.50 mark. This downward trend has seen XRP testing the $0.4700 level, with the cryptocurrency now attempting to initiate a short-term recovery phase. Despite some positive movements, XRP is still struggling to gain momentum, currently trading below $0.4850 and
The cryptocurrency market is currently experiencing a surge in optimism as investment funds witness a historic influx. CoinShares, a leading digital asset manager, reported a record-breaking $2 billion inflow into crypto funds in just one week. This influx surpasses the entire month of May’s net inflows and has now continued for five consecutive weeks. This
Cryptocurrency analyst Chad Steingraber recently made a bold prediction regarding the price of XRP, stating that the digital asset could potentially reach three figures. In a post on X (formerly Twitter), Steingraber suggested that XRP could hit $250 by the year 2025, marking a significant milestone for the crypto token in the ongoing bull market.
Tron price has been showing signs of bullish momentum as it surged above the $0.1150 resistance level against the US Dollar. The price is currently trading above $0.1155 and the 100-hourly simple moving average. This positive movement is attributed to Tron outperforming Bitcoin and Ethereum in recent trading sessions. There is a significant bullish trend
Ripple has once again sparked concerns within the XRP community with its recent sale of 150 million XRP tokens ($78 million) on June 7. This sale is part of the 1 billion XRP tokens that were recently unlocked as part of Ripple’s monthly escrow unlock, which is scheduled to continue until 2027. The continuous offloading
Crypto analyst Egrag Crypto recently pointed out a bullish pattern on the XRP price chart. He highlighted an Inverted Hammer formation, describing it as a “super bullish” sign for the crypto token. Egrag predicts that XRP could rise to $0.75 in the near future, emphasizing that July will be a month of significant price movement
Polkadot (DOT) has been gaining attention in the cryptocurrency realm due to its innovative approach to interoperability and scalability. However, as with any financial asset, the price movement of Polkadot is influenced by various technical analysis patterns. One such pattern that has emerged is the rising wedge chart pattern, indicating a potential downturn despite the
The XRP price recently faced resistance near the $0.5320 mark and began a downward correction. This led to a drop below $0.5250 and the 100-hourly Simple Moving Average. The current price action suggests a potential test of the $0.5180 support level, with a further downside move towards the $0.5120 support zone also on the cards.
Ethereum’s price has recently experienced a downside correction after failing to clear the $3,880 resistance level. The cryptocurrency is now trading below $3,840 and the 100-hourly Simple Moving Average, signaling a possible slide toward $3,720. A key bullish trend line with support near $3,830 was broken on the hourly chart of ETH/USD, indicating a bearish