Tag:

Bounce

HBAR Tests Critical Level of Support at $0.23 After Failed Bounce

by admin August 22, 2025

Hedera’s native token HBAR is testing a key level of support at $0.23 after selling off by more than 3% on Friday.

Trading volume spiked beyond 80 million during crucial intraday windows on August 21.

Despite the sell-off, HBAR has a number of bullish catalysts; SWIFT revealed plans to launch live blockchain payment trials featuring HBAR across its $150 trillion annual payments network starting in November 2025.

At the same time, speculation over a potential exchange-traded fund gathered steam after Grayscale filed Delaware trust documents linked to HBAR. These developments spotlight hashgraph technology’s ability to process over 10,000 transactions per second, bolstering investor confidence in its role in transforming traditional finance infrastructure.

With global payments integration on the horizon, HBAR continues to attract institutional interest as both a technical and fundamental play.

Technical analysis

$0.01 trading range creates 2.40% volatility between $0.24 resistance and $0.23 support levels.
Volume explosions past 80 million mark key reversal points at midday trading sessions.
Support holds firm, for now, at $0.23 while resistance builds near $0.24 price targets.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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August 22, 2025 0 comments

Crypto Trends

Unimpressive Bounce Maintains Risk to Support Around $112K

by admin August 20, 2025

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin

bulls are attempting to establish an interim low around $113,000, but the effort appears weak in terms of both price and volume. So far, the bounce has been barely notable, with upside capped above $114,000. Additionally, volumes have stayed low relative to what we observed during the early Tuesday drop, as seen on the hourly chart.

BTC’s hourly chart. (TradingView)

The weak bounce is consistent with bearish momentum signals, as the 50-, 100-, and 200-hour simple moving averages (SMAs) are aligned in descending order and trending downward.

On the daily chart, prices have convincingly broken below the rising trendline support, signaling a shift from bullish to bearish momentum. Both the longer-term MACD histogram (50,100,9) and the more commonly used MACD (12,26,0) are showing increasing negative momentum, with deeper bars below the zero line.

BTC’s daily chart. (TradingView)

Therefore, the odds appear to be stacked in favor of a continued move lower. The first level of support is $11,982, from which the market turned higher on Aug. 3. The 100-day SMA is seen at $11,053. If these levels are taken out, the focus would shift to the 200-day SMA at $100,484.

A convincing move above the 50-day SMA at $116,033 would negate the bearish outlook.

Resistance: $116,033, $120,000, $122,056.
Support: $111,982, $110,053, $100,484.

Read more: Markets Today: Bitcoin, Ether Recover From Lows Before FOMC Minutes

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August 20, 2025 0 comments

GameFi Guides

Iran-Israel Ceasefire Sparks Crypto Bounce

by admin June 24, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The Iran-Israel ceasefire has stabilized world markets and given life to cryptocurrencies again, with Bitcoin rising back over $105,000 after momentarily dropping below $100,000 last week.

The ceasefire, as confirmed by US President Donald Trump on June 24, ended 12 days of escalating tensions that had shaken oil prices and sent investors into safer investments.

Now that the threat of full-scale conflict has cooled, investors are back in risk-taking mode—and crypto is reaping some of the benefits.

Oil Down, Risk Appetite Up

Reports show oil prices dipped below $70 per barrel after the ceasefire was announced. That shift alone was enough to steer market behavior, as fears of oil disruption in the Strait of Hormuz began to fade.

Lower oil prices usually mean reduced inflation pressure, which encourages investors to put money into assets that carry more risk—and potential reward.

💥BREAKING:

TRUMP ANNOUNCES CEASEFIRE BETWEEN IRAN AND ISRAEL.

BULLISH FOR MARKETS! 🚀 pic.twitter.com/M9PZM9UsB8

— Crypto Rover (@rovercrc) June 24, 2025

Cryptocurrencies were among the biggest winners in this wave. Bitcoin climbed more than 5% in a single day, topping $106,000 at its peak. Ethereum wasn’t far behind, adding around 7%, while Solana and Cardano each gained over 6%.

Dogecoin popped by 8%. Investors poured into crypto as the stock market also climbed. The S&P 500, Nasdaq, and Dow all rose roughly 1% as traders shifted away from the US dollar and safe-haven assets.

IRAN CONFIRMS CEASEFIRE AGREEMENT WITH ISRAEL

Iran has officially confirmed it has agreed to a ceasefire with Israel, signaling a critical de-escalation in one of the world’s most volatile conflicts. Markets may react swiftly to the easing geopolitical risk. https://t.co/1HKhmbqEGr pic.twitter.com/868bWekGte

— Crypto Town Hall (@Crypto_TownHall) June 24, 2025

Technical Breakouts Boost Bitcoin

Analysts pointed to a key technical level for Bitcoin—around $103,800—where the 50-period exponential moving average had been acting as resistance.

Once that line was cleared, buying activity picked up. That momentum was enough to push Bitcoin above $105,000 in a matter of hours.

Bitcoin price quickly spiked following news of the ceasefire. Source: Coingecko.

With geopolitical risk out of the headlines for now, Bitcoin’s short-term trend looks healthier. But traders remain cautious.

Several analysts warn that a return to hostilities or political instability could send crypto prices right back down. For now, though, the charts are showing bullish patterns.

Altcoins Join The Rebound

Altcoins have also stepped into the spotlight. Ethereum’s 7–8% surge is drawing attention, especially as it regains key support levels. Cardano, Solana, and other mid-cap tokens are getting a lift as investors search for higher returns outside Bitcoin.

Total crypto market cap at $3.21 trillion on the daily chart: TradingView

The Altcoin Season Index is also moving higher, suggesting that more tokens are beginning to outperform Bitcoin. That trend often shows up in the early stages of broader market optimism. Whether that lasts will depend on global headlines in the coming weeks.

Will The Ceasefire Hold?

While markets welcomed the ceasefire, nobody’s calling it permanent. Some reports say the situation is still fragile, and a single provocation could undo the gains.

Iran’s previous threats to close off the Strait of Hormuz—a significant oil shipping route—have not entirely gone away.

Nevertheless, temporary tranquility has been sufficient to push funds into crypto again. It’s a reminder that these virtual currencies are attached in large part to global events, and their prices can shift quickly based on what’s occurring in the wider world.

For now, the ceasefire is helping crypto prices rise. But if history is any guide, this ride could get bumpy again soon.

Featured image from NewsTrack, chart from TradingView

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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June 24, 2025 0 comments

Crypto Trends

XRP, SOL, ETH, HYPE Oversold Bounce Possible If BTC Recovers

by admin June 22, 2025

Key points:

Bitcoin fell below the $100,000 support on Sunday, but a rebound could depend on how US stock futures open.
Bitcoin’s weakness has pulled ETH, XRP, SOL, and HYPE below their respective support levels.

Bitcoin (BTC) nosedived below the psychological $100,000 support on Sunday as traders digested the US strike on Iran’s nuclear facilities. Popular trader Cas Abbe said in a post on X that Bitcoin could drop toward the $93,000 to $94,000 zone before starting a reversal.

Bitcoin’s weakness has spread to several major altcoins, which have entered a deeper correction by breaking below their respective support levels. This suggests the sentiment has soured, and traders are taking risk off the table.

Crypto market data daily view. Source: Coin360

However, a positive sign is that analysts remain bullish on Bitcoin for the long term. Real Vision CEO Raoul Pal said in a recent video that the current crypto cycle resembles the pattern seen in 2017. He expects the crypto cycle to extend into Q2 2026.

Could Bitcoin bulls push the price back above $100,000, or will bears remain in control? Will select altcoins find buyers at lower levels? Let’s study the charts to find out.

Bitcoin price prediction

Bitcoin broke below the 50-day simple moving average ($104,788) on Friday and the $100,000 support on Sunday.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The moving averages are on the verge of a bearish crossover, and the relative strength index (RSI) is in the negative territory, indicating that bears are in control. If the price maintains below $100,000, the selling could intensify, pulling the BTC/USDT pair to $93,000.

Buyers will have to push the price above the 20-day exponential moving average ($104,616) to prevent the downside in the near term. The pair could then rise to the downtrend line, which is likely to pose a substantial challenge for the bulls.

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair completed a bearish descending triangle pattern on a close below the $100,700 level. The pattern target of the negative setup is $89,420, but the bulls are unlikely to give up easily.

Buyers will try to start a relief rally, which could face selling at $100,700 and then at the 20-EMA. If the price turns down from the overhead resistance, the pair may deepen the correction.

The bulls will have to drive and maintain the price above the 50-SMA to start a meaningful recovery.

Ether price prediction

Ether (ETH) turned down from the 20-day EMA ($2,487) and fell below the 50-day SMA ($2,481) on Friday.

ETH/USDT daily chart. Source: Cointelegraph/TradingView

Selling continued on Saturday, and the ETH/USDT pair broke below the $2,323 support. Buyers tried to push the price back above the breakdown level of $2,323, but renewed selling by the bears has pulled the pair near the $2,111 support. The bulls will try to defend the $2,111 level with all their might because a break below it may sink the pair to $1,754.

If the price rebounds off $2,111, the bulls will have to push the pair back above the 20-day EMA to suggest that the near-term correction may have ended.

ETH/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair could find support at the $2,111 level, but the rebound is expected to face strong selling at the breakdown level of $2,323. If the price turns down sharply from $2,323, the bears will again try to sink the pair below $2,111.

Conversely, if the bulls successfully defend the $2,111 level, the pair could form a range in the near term. The pair may swing between $2,111 and $2,323 for some time. The selling pressure could weaken on a close above the 50-SMA.

XRP price prediction

XRP’s (XRP) range between $2 and $2.65 resolved to the downside on Sunday, indicating increased selling pressure from the bears.

XRP/USDT daily chart. Source: Cointelegraph/TradingView

If the price sustains below $2, the XRP/USDT pair could tumble to the $1.61 support. Buyers are expected to vigorously defend the $1.61 level because a break below it may start a collapse to $1.28.

The bulls will have to swiftly push the price back above the breakdown level of $2 to prevent a breakdown. The pair could then rise to the moving averages, where the bears are likely to pose a strong challenge.

XRP/USDT 4-hour chart. Source: Cointelegraph/TradingView

The bulls tried to start a bounce off the $2 support, but the bears aggressively sold near the 20-EMA on the 4-hour chart. The price turned down and broke below the $2 support, pulling the RSI into the oversold territory. That suggests a relief rally is possible in the short term.

On the upside, the bears may sell the recovery attempt at $2 and above that at the 20-EMA. If the price turns down sharply from the overhead resistance, the pair risks a further downside. A close above the 50-SMA will be the first sign that the selling pressure is reducing.

Related: Here’s what happened in crypto today

Solana price prediction

Solana (SOL) completed a bearish H&S pattern when the price closed below the $140 support on Saturday.

SOL/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will try to start a recovery but may face selling at the 20-day EMA ($148). If the price turns down from the 20-day EMA, the SOL/USDT pair could plunge to the $110 support and eventually to the pattern target of $93.

Conversely, a break and close above the 20-day EMA suggests solid demand at lower levels. The pair could rise to the 50-day SMA ($160), which is likely to behave as a strong obstacle.

SOL/USDT 4-hour chart. Source: Cointelegraph/TradingView

The downsloping moving averages signal that bears are in command, but the oversold level on the RSI points to a possible relief rally in the near term. Recovery attempts could face selling at the breakdown level of $140. If the price turns down from $140, the bears will try to resume the downward move.

Buyers will have to push and maintain the price above the 50-SMA to signal a comeback. That opens the doors for a relief rally to $149 and thereafter to $158.

Hyperliquid price prediction

Repeated failures to maintain the price above $42.50 started a sharp correction in Hyperliquid (HYPE), signaling that the bulls are hurrying to book profits.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

The bulls held the 50-day SMA ($32.26) on Saturday, but the bounce has been sold into. That increases the possibility of a break below the 50-day SMA. The HYPE/USDT pair could descend to the breakout level of $28.50.

Buyers are likely to have other plans. They will try to defend the 50-day SMA and push the price back above the 20-day EMA. If they manage to do that, the pair could climb to $40.

HYPE/USDT 4-hour chart. Source: Cointelegraph/TradingView

Both moving averages are sloping down, and the RSI is in the negative zone on the 4-hour chart. Pullbacks to the 20-EMA are likely to be sold into. There is minor support at $30.50, but it could be broken. The pair may then plummet to the solid support at $28.50.

The first sign of strength will be a break and close above the 20-EMA. That suggests the bears are losing their grip. The pair may ascend to the 50-SMA, which could again attract sellers.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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June 22, 2025 0 comments

GameFi Guides

Dogecoin Price Enters Historical Bounce Zone, But Will This Time Be Different?

by admin June 18, 2025

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Dogecoin has once again returned to a familiar price range that has historically acted as a launchpad for upward moves. In the latest 4-hour candlestick timeframe, Dogecoin is now approaching the $0.168 to $0.172 support band, a level it previously bounced from earlier this month. Despite this price decline, the meme coin is technically ready for a bullish reversal, with its Relative Strength Index (RSI) behavior hinting at a possible shift in momentum.

Incoming Support Test As Dogecoin Declines To Familiar Zone

Dogecoin’s 4-hour candlestick price chart reveals a distinct support zone that has acted as a key reversal region on three separate occasions over the past ten days. Every time Dogecoin has dipped into this zone, it has quickly found footing and pushed upward. The latest candle action shows the asset is now pushing toward this zone again, inviting questions on whether the same rebound pattern will repeat.

This phenomenon was first noted on the social media platform X by crypto analyst Trader Tardigrade. Interestingly, the support area is marked by multiple wick touches, indicating buying interest each time the price enters the red band between roughly $0.1663 and $0.1720. Although Dogecoin has been in a broader downtrend since peaking around $0.207, as shown in the chart below, its support has so far remained intact.

Source: Trader Tardigrade on X

What makes this setup particularly noteworthy is the accompanying RSI structure on the 4-hour chart. Despite lower price lows, the RSI is forming a series of higher lows, which is an early sign of a hidden bullish divergence. This divergence suggests that the underlying momentum is gradually shifting back in favor of buyers, even if the price action hasn’t fully reflected it yet.

The analyst behind the chart points out that each time Dogecoin enters this zone, the RSI support line prevents the oscillator from falling below its previous low. In technical terms, this suggests there may be growing strength under the surface, which could pave the way for a rally if external market conditions like the tensions in the Middle East don’t derail the setup.

Will This Bounce Repeat The Last Two Or A Breakdown Instead?

The big question now is whether this third test of the support zone will result in yet another rebound or if the pattern has become too predictable. If another rebound occurs, it will ultimately lead to Dogecoin reaching a higher high above $0.2. However, if RSI support breaks alongside the price dipping below $0.166, the outlook could shift rapidly from bullish divergence to a confirmed breakdown, at least in the short term.

As of the current chart, the RSI is still above its ascending support line, and the price is currently above the lower boundary of the zone, keeping hopes alive for another upward move this month. At the time of writing, Dogecoin is trading at $0.1738, down by 2.4% in the past 24 hours.

DOGE trading at $0.17 on the 1D chart | Source: DOGEUSDT on Tradingview.com

Featured image from Pixabay, chart from Tradingview.com

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June 18, 2025 0 comments

Crypto Trends

ATOM Surges 6% as Crypto Markets Bounce Back

by admin June 16, 2025

CoinDesk Analytics is CoinDesk’s AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets.

All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk’s editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article.

CoinDesk Analytics operates under CoinDesk’s AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk’s approach to AI-generated content in our AI policy.

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June 16, 2025 0 comments

NFT Gaming

Ravencoin price prediction – RVN coming to key bounce levels soon?

by admin June 15, 2025

The financial markets are currently reacting to the ongoing escalation between Iran and Israel. Amid this clash, the crypto market is also affected, as Bitcoin and altcoins are witnessing selling pressure.

However, Ravencoin’s trend is still bullish, and it is coming down to its key levels from where it can bounce again. Let’s find the key levels in detail in this Ravencoin price prediction.

Since its launch, Ravencoin (RVN) has reached an all-time high of $0.27391, followed by a 1363% price drop. At the time of writing, it is currently trading at $0.0196, which represents a 45% drop from $0.03573, which was seen 5 months ago in December 2024..

RVN 1 week chart | Source: crypto.news

In this article, we’ll discuss RVN price prediction by giving you its short-term and long-term price forecasts and exploring whether this token can continue its bullish run.

What is Ravencoin?

The goal of Ravencoin, a digital peer-to-peer (P2P) network, is to deploy a use case-specific blockchain that is intended to effectively manage a single function: the transfer of assets between parties. Built on a fork of the Bitcoin (BTC) code, Ravencoin was first announced on October 31, 2017, and on January 3, 2018, it released binaries for mining. This was known as a fair launch because there was no premine, initial coin offering, or masternodes. Its name was inspired by the Game of Thrones television series.

Ravencoin, which is a fork of the BTC code, has four major features: a mining algorithm (KAWPOW, formerly X16R and X16RV2 respectively) designed to lessen the centralization of mining brought on by ASIC hardware; a modified issuance schedule (with a block reward of 5,000 RVN); a block time reduction to one minute; and a coin supply cap of 21 billion, which is a thousand times greater than BTC.

Ravencoin seeks to address the issue of blockchain trade and asset transfers. In the past, an asset produced on the BTC blockchain could unintentionally be destroyed when the coins used to create it were traded.

Token assets on the Ravenchain can only be issued by burning RVN coins, which are intended to function as internal currency within the network. A stake of a project, such as equities and securities, airline miles, an hour’s pay, or real-world custodial items like gold or actual euros, can all be represented by the assets.

Now let’s discuss RVN price prediction for this year and in the coming years as well.

Ravencoin price prediction

What can be a realistic projection for the RVN token? Let’s dive into the RVN price prediction for 2025 and 2030.

Ravencoin coin price prediction: short-term outlook

According to CoinCodex’s Ravencoin price prediction for the near future, the token is projected to drop by -0.85% and reach $0.01973 by July 13, 2025.

As of June. 13th, 2025, the overall sentiment of the RVN price outlook has turned slightly bullish, with 14 technical analysis indicators showing bullish signals, 4 indicating bearish trends, and 7 indicators showing neutral forecasts.

Ravencoin price prediction 2025

For the remaining months of 2025, DigitalCoinPrice predicts that the RVN token’s price could fluctuate between $0.0170 and $0.0418, and may likely hold a yearly average of $0.0358.

CoinCodex projects that the RVN token can trade in the price channel of $0.019725 and $0.021148 in 2025.

While the general sentiment in the financial markets is that 2025 will be the year of the bull, it is important to understand that this prediction also has a chance of being wrong. BTC has already breached the $100k mark, and there is a possibility that it may be at the top of this bull cycle. Hence, it is advised to do your research before investing in RVN or any other cryptocurrency with the hopes of gaining on your investment in 2025.

Ravencoin price prediction 2030

As per CoinCodex’s Ravencoin crypto price prediction for 2030, RVN’s price could vary between $0.02421 and $0.026785.

DigitalCoinPrice expects that RVN’s price could climb to $0.0904 and $0.10 by the end of 2030.

Before trusting any source that is trying to predict the RVN price prediction for 2030, you should understand that it is a cryptocurrency and, like all other tokens, the RVN token’s price can be highly volatile.

2030 is five years away, and many cryptocurrencies can become obsolete in that time. This is why it is hard to give a realistic price prediction for any token, including RVN. A great way for RVN to survive these five years and continue its ascent in the crypto market is to continue building its blockchain technology and partner with key players in the digital crypto space. You should research and keep yourself updated with the latest developments in the upcoming years to make an informed investment decision in the RVN token.

Is Ravencoin a good investment?

Before investing in any cryptocurrency, including RVN, please identify and understand the inherent risks that can come due to market volatility. Additionally, it is worth noting that the sentiment in the cryptocurrency market can change rapidly, and a token that was once considered a future investment may also be delisted from major exchanges. Hence, it is advisable to do your research on the token’s fundamentals before having any price expectations for the future of the RVN token.

Will Ravencoin go up or down?

Cryptocurrencies in general experience rapid price swings that are directly driven by market sentiments, community engagement, events like token burns, and so on.

While it is challenging to predict the exact value of the RVN token, it is essential to watch for potential buying factors that may include new partnerships, increased token holders, or viral campaigns.

It is also vital that you rely on financial experts and consult them for Ravencoin price prediction, but even after all that, you should remain cautious, as no one can accurately predict how high or low RVN can go.

Should I invest in Ravencoin?

Before investing in any cryptocurrency or trusting any Ravencoin price forecast, please identify and understand the inherent risks that can come due to market volatility. Additionally, it is worth noting that cryptocurrencies, in general, are highly speculative investments, and their success relies not only on market volatility but also on the constant and sustainable growth of their community. Hence, it is advisable to do your research on the token’s fundamentals, which may very well decide the future of the RVN token.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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June 15, 2025 0 comments

NFT Gaming

Shiba Inu (SHIB): Broke Now, Massive Bitcoin (BTC) Jump, XRP: Recipe for $3 Bounce

by admin June 14, 2025

Bitcoin’s direct hit
XRP’s last chance

Short-term holders may face serious repercussions after Shiba Inu (SHIB) recently broke through a crucial support level. SHIB has dropped by almost 3% today and is currently trading at about $0.00001187, well below the crucial technical barrier of $0.00001231, which served as a launching pad for rallies in April and May.

Following several unsuccessful attempts to break above resistance close to the 50-day and 100-day EMAs, which are both presently convergent around $0.0000138-$0.0000140, the market broke through this floor. The asset has sunk so far into bearish territory that the 200-day EMA, which is situated further above at $0.00001546, has remained unchanged for weeks. The volume of this breakdown spike is also concerning because there is not any obvious buying support to intervene, leaving SHIB open to further declines.

SHIB/USDT Chart by TradingView

The RSI at 32.79 indicates that the token is almost oversold, but it is too soon to consider this a dip-buying opportunity in the absence of any obvious reversal signals. As of right now, investors should not anticipate a recovery rally unless SHIB can swiftly and heavily retake the $0.0000123 zone.

If not, momentum will probably push the asset lower toward the psychological $0.00001000 level, which is a significant round number and the last line of defense before panic-selling gets worse. The general sentiment of the market exacerbates the situation. In times of declining risk appetite, meme-based assets like SHIB are typically the first to be dumped. It is reasonable to anticipate further declines or at most stagnation unless there is an unexpected catalyst (a burn event, whale movement or integration news, for example).

Bitcoin’s direct hit

Following a textbook recovery, all eyes are on what will happen next with Bitcoin (BTC). Directly off the 50-day EMA, Bitcoin experienced a rapid reversal back toward $105,000, following a precipitous decline to $102,816. Such a response at a crucial technical support level indicates the existence of aggressive interest in dip buying as well as potentially algorithmic activity in the vicinity of moving averages.

The action was taken shortly after a significant liquidation cascade that we previously reported on, which consisted of a series of lengthy liquidations that went above and beyond expectations and cleared out overly leveraged positions. As the sell pressure subsided and buyers intervened at support, that aggressive flush set the stage for a countermove. One factor, though, cannot be disregarded: descending volume. The volume did not rise proportionately to the strong candle recovery.

XRP’s last chance

Even though XRP is holding onto its last line of defense, bulls may need it to engineer a dramatic reversal. The asset has retreated toward the 200-day moving average, which now serves as a crucial turning point for any possible recovery and is currently trading close to $2.14. Despite recent rejection in the $2.40-2.50 range, XRP has not yet made a clear break.

Moving averages, especially the 50, 100 and 200-day EMAs, are converging and compressing the price into a tight structure, indicating that a high-volatility move may be imminent. Red candles notwithstanding, this consolidation might be a traditional springboard configuration. Since the RSI is still neutral at about 45, neither side has yet to experience severe exhaustion.

Shiba Inu Price Ready to Bounce Back as SHIB Wallets Hit 1.5M

by admin June 9, 2025

The Shiba Inu price has been constantly recording a weak action over the past few days. Despite the bearish sentiment around SHIB, the optimism among the Shiba Inu’s investors is on a constant rise. This highlights increasing trust among the investors and adoption in the real-world application of its ecosystem.

Lucie, the marketing lead of Shiba Inu, with a substantial followers of 168.2k has recently expressed optimism toward SHIB memecoin with the support of statistical data. Through the post, light was shed on Shiba Inu hitting a new ATH in terms of wallets holding SHIB tokens.

🚨 SHIB HOLDERS HIT NEW ATH! 🚨
1,511,101 wallets now hold $SHIB — that’s 0.011% of global population.

The army is growing. The mission is alive. 🔥 pic.twitter.com/DNI9LhgpCt

— 𝐋𝐔𝐂𝐈𝐄 (@LucieSHIB) June 9, 2025

As per reports, 1,511,101 wallets now hold SHIB meme coins which sums up to a total of 0.011% of the world population. Following this, optimism was expressed as the post concluded with a quote that “the army is growing, the mission is alive.” Notably, at the time of writing the value of one Shiba Inu token was $0.00001268.

Will the growing holders impact the price in a huge way this quarter?

The Simple Moving Average (SMA) hovers extremely close to the Shiba Inu price chart. Considering the market sentiments, the trend displays a high possibility of a positive crossover. This suggests a bullish outlook for the meme coin this week.

Shiba Inu Price Chart, Source: TradingView (SHIB/USDT)

The Relative Strength Index (RSI) has successfully experienced a bullish reversal above the oversold range and is heading toward the neutral trend line. Moreover, it is currently valued at 42.17 (Neutral) with a positive convergence with its average trendline. This hints at increasing bullish action for it in the market.

How High Can SHIB Memecoin Realistically Go?

The Shiba Inu price could retest its immediate resistance levels of $0.00001340 and $0.00001975. A sustained bullish price rally could result in this memecoin heading toward its February high of $0.00002250. Taking into consideration the market sentiments, a sudden spike in the adoption process may push the value of it beyond its $0.00002575 mark.

On the contrary, the crucial support for the SHIB price still stands at $0.00001065, making it a pivotal price point for the 2nd largest memecoin in the market.

Also Read: 93 Out of Top 100 Wallets on Pump.fun are Bots: Crypto Sleuth

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June 9, 2025 0 comments

XRP clings to key support as investors eye key SEC meeting

NFT Gaming

XRP maintains 200-EMA, poised for a bounce, but will these altcoins below $1 outperform?

by admin June 8, 2025

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP holds strong above 200-EMA as Dogecoin and UNIL rally; UNIL presale tops $2.4m amid rising DeFi interest.

Despite the recent market downturn, the XRP price hovers above the 200-EMA, while the Dogecoin price begins a comeback. With an overall market rally anticipated in the coming days, DOGE and Unilabs Finance (UNIL) are bullish waves not to miss — top DeFi coins to invest in.

Priced below $1, Dogecoin and UNIL are not only pocket-friendly; they are also high-potential altcoins. Hence, investors have been showing significant interest, pushing the ongoing UNIL presale above $2.4 million in record time.