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breakout

Shiba Inu price to jump
NFT Gaming

Shiba Inu nears breakout, 5 trillion tokens leave exchanges

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Shiba Inu has remained in a consolidation phase over the past few weeks, despite the ongoing altcoin season. Still, the slowly forming triangle pattern and the tumbling exchange balances point to a big move ahead.

Summary

  • Shiba Inu’s sideways trading may be masking a bigger shift underway.
  • With more than 5 trillion SHIB pulled from centralized exchanges in recent weeks and a surge in smart money accumulation, signals are pointing to reduced selling pressure and growing confidence among long-term holders.
  • Coupled with technical patterns that suggest a breakout is near, the meme token could be on the verge of a rally despite recent setbacks like the Shibarium hack—making current price action a potential setup for SHIB’s next leg higher.

Shiba Inu (SHIB) token was trading at $0.000013 on Sunday, Sep. 21, inside a narrow range it has remained at in the past few days. This price is about 28% above the lowest level this year.

A potential catalyst for the SHIB price is that investors continue moving their tokens from centralized exchanges. Precisely, over 5 trillion tokens have left exchanges to the current 283 trillion. 

Shiba Inu coins exchange reserves | Source: Nansen

Falling tokens on exchanges is a bullish sign that there is reduced selling pressure. Historically, large exchange outflows precede price rallies, as it suggests that holders are not looking to sell them in the short-term. 

Similarly, moving tokens to cold storage or self-custody wallets is a sign that investors plan to hold them in the long term. It is a reflection of confidence in the asset’s future.

The ongoing exchange exit of Shiba Inu tokens has coincided with the robust accumulation by investors. These investors now hold over 12.15 billion tokens, a 103% monthly increase. 

Their buying is likely a sign that these investors anticipate a rebound and a limited impact of the recent Shibarium hack. It is also a contrarian bet that the coin will take part in the altcoin season.

Shiba Inu price technical analysis

SHIB price chart | Source: crypto.news

The daily timeframe chart shows that the SHIB price remained in a tight range in the past few days. It was trading at $0.000013, which is along the 50-day Exponential Moving Average. 

The token has formed a symmetrical triangle pattern whose two lines are nearing their confluence level. Also, the two lines of the MACD indicator have settled at the neutral level, while the Average True Range has retreated.

Therefore, the token will likely have a bullish breakout in the near term, with the next important resistance being at $0.0001592, which is about 25% above the current level. A move below the lower side of the triangle pattern will invalidate the bullish Shiba Inu price forecast. 



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Bitcoin price eye $117K breakout as sell pressure drops
Crypto Trends

Bitcoin price eye $117K breakout as sell pressure drops

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After a turbulent start to September, Bitcoin is still trading just above $115,000, and sell pressure indicators point to a possible accumulation phase.

Summary

  • Bitcoin price is consolidating above $115K after a brief dip, with sell pressure showing signs of easing.
  • Accumulation is picking up, suggesting stronger hands are absorbing supply ahead of the next move.
  • Resistance at $117K remains key — a breakout could open the way to $124K, while failure risks retesting lower supports.

Bitcoin is currently trading at $115,954, down 0.5% over the previous day. Weekly values have ranged from $110,870 to $116,705, which puts the asset 6.6% below its peak of $124,128 on Aug. 14.

Although it is still down 2% over the last 30 days, Bitcoin (BTC) has increased 3.4% over the last week. A 46.7% increase in daily trading volume to $45.1 billion from the previous day suggests that market activity has resumed.

Derivatives also saw momentum, with volume rising 42.18% to $75.28 billion, though open interest dipped slightly by 1.32%, suggesting traders may be cautious about taking new positions.

Analysts flag easing Bitcoin sell pressure

On Sept. 16, crypto analyst Ali Martinez noted that Bitcoin’s Sell-Side Risk Ratio had dropped below 0.1%, a level often associated with local bottoms, reduced sell pressure, and accumulation phases. Additionally, he pointed out that $116,963 is a crucial supply wall where sellers might try to profit if Bitcoin keeps rising.

Meanwhile, CryptoQuant contributor Arab Chain pointed to a sharp rise in the Bitcoin Scarcity Index on Binance, the first spike since June. When exchange supply thins out, either as a result of large investor withdrawals or a decline in sell orders, this index often rises. When this last happened, Bitcoin rose to $124,000.

However, Arab Chain cautioned that if the spike fades quickly, it could reflect speculative activity rather than sustained buying. A prolonged positive reading, by contrast, could confirm the beginning of a strong accumulation phase.

Bitcoin price technical analysis

On its daily chart, Bitcoin shows consolidation just below resistance at $117,525, and it is currently trading near the upper Bollinger Band. While the relative strength index, which is at 58, indicates neutral momentum, the Momentum and MACD indicators flash buy signals, indicating a bullish short-term scenario.

Bitcoin daily chart. Credit: crypto.news

Moving averages continue to be very supportive as Bitcoin trades above its 50-, 100-, and 200-day levels, all of which flash “buy.” This alignment indicates underlying strength, even though the commodity channel index and stochastic RSI point to overbought conditions and the possibility of a brief decline.

If Bitcoin breaks above the resistance level between $116,963 and $1117,525, it might retest its all-time high of $124,128 from August. However, the price may return to support at $112,244 and perhaps $106,963 if this is not done.



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Dogecoin Price Breakout Still Possible, But on One Condition
NFT Gaming

Dogecoin Price Breakout Still Possible, But on One Condition

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The broad crypto market is witnessing massive sell-off pressures, causing Dogecoin to fall by over 5.6% to $0.26 in the last 24 hours. 

As the asset’s price plunge continues to deepen, crypto analyst Ali Martinez has shared the key chance for DOGE’s possible price recovery.

While market participants have considered the massive slump in the price of the leading meme token an opportunity to buy the dip, charts shared by the analyst suggest that DOGE’s price might not recover from the downtrend anytime soon until the $0.29 barrier is broken.

Dogecoin rally still possible?

Following the sudden shift in investors’ sentiment witnessed across the broad crypto market today, Dogecoin has slumped massively in its daily price movement as it appears to be facing a critical test as it heads toward the $0.29 resistance level.

According to data provided by the analyst, $0.29 marks a crucial level for Dogecoin as it stands as the barrier that has consistently capped its rallies in several scenarios throughout the year.

Notably, the most recent price action showcased on the chart shows DOGE climbing to a high of around $0.28 before being rejected, positioning $0.29 as a strong barrier to the asset’s $0.50 target.

This price action has been mirrored by previous failed attempts witnessed in February, July, and August, as the token’s potential for major price breakouts was rejected during those periods. While several rejections have been observed at the $0.29 mark in previous months, the level is considered a key make-or-break zone by market watchers.

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As such, the analyst has expressed strong belief that a big upside trend is still possible for Dogecoin if, and only if, it is able to break the $0.29 level this time. More specifically, the leading memecoin needs a decisive daily close above $0.29 to confirm bullish momentum.

If this breakout becomes successful, Dogecoin has the potential to reclaim its previous highs ranging from $0.32–$0.35. Meanwhile, the asset could be poised for further upsurges, as the positive price action is expected to potentially fuel fresh retail interest and bullish sentiment across the broader crypto market.

Although it is not certain how soon Dogecoin will unlock a new level and break the $0.29 barrier, its trading price as of today was seen hovering around $0.26–$0.28. Hence, it appears that the asset might not be far from breaking this key level.

Furthermore, the growing hype surrounding the potential Dogecoin ETF launch has also raised hopes for renewed investor interest, which could see the asset breaking major resistance levels.



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Was XRP Price Breakout Fake?
NFT Gaming

Was XRP Price Breakout Fake?

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  • Price analysis
  • XRP movement scenarios

The validity of XRP’s breakout is questioned due to its recent price action. Expectations of a confirmed uptrend were sparked when XRP momentarily crossed above the descending resistance line on the daily chart, which was located around $3.10. Many traders questioned whether this was a real breakout or a bull trap, because the rally was short-lived and the price had already fallen back below $3.08.

Price analysis

Despite its efforts to overcome resistance, the structure indicates that XRP is still vulnerable. The $3.00-$3.10 range is turning out to be a crucial area of conflict. A persistent close above $3.10 might pave the way for a retest of the annual highs and open the way toward $3.40. Conversely, if this area is not regained, support levels at the orange EMA line ($2.81) and the 200-day moving average ($2.50) would once again be relevant. Since the RSI is close to neutral, it appears that momentum is not clearly in favor of bulls.

XRP/USDT Chart by TradingView

This uncertainty is increased by on-chain data. Between Sept. 12 and two days later, the number of transactions executed fell precipitously from over 11.7 million to much lower levels. A bearish indication that casts doubt on the bullish breakout story, this decline indicates waning activity on XRP Ledger. Strong rallies are usually followed by high activity, so declining transactions during a breakout attempt indicate weakened network participant conviction.

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XRP movement scenarios

  • Bullish scenario: The asset may confirm the breakout and move toward $3.40 and higher if XRP swiftly recovers $3.10 and closes above it with increasing volume. This move would require a spike in on-chain activity.

  • Bearish scenario: As bears regain control, the breakout will be verified as fraudulent if XRP is unable to recover $3.10. It’s likely that the price will drop toward $2.81 or even $2.50, particularly if on-chain activity keeps dropping.

XRP is currently at a turning point. Whether the breakout materializes or fades into another failed attempt will be determined by the next few daily closes. For confirmation, traders should keep a close eye on the on-chain activity trend as well as the $3.10 resistance.



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Vampire Survivors developer Poncle on what it takes to be a good publisher: "Not everything can be a breakout hit"
Game Updates

Vampire Survivors developer Poncle on what it takes to be a good publisher: “Not everything can be a breakout hit”

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Getting your game a publishing deal has never been an easy thing to do. Right now, it’s especially hard given that for many publishers, if it doesn’t seem like a guaranteed hit, it likely isn’t something they’ll take on. This is something that Vampire Survivors developer Poncle, or rather the actual person, Luca Galante, takes great issue with, and in a recent interview he spoke more broadly of his issues with publishers, and his thoughts on now being one.


“I see a lot of publishers I don’t like, and I think that’s my way to define what a good publisher should be, probably,” Galante explained to GamesRadar. “I see a lot of publishers that try to exploit the platforms just to make money, basically, because the video game industry is very obviously an industry that makes a lot of money. There is a lot of money to make. I see that these publishers will try and just exploit platforms for money.”


He went on to note how there are publishers who will put out simply incomplete games, or early access games that never get finished, and that for him, “what a publisher should do is, first of all, make genuine games, genuine products, something that has some real value, and then understand that not everything can be a breakout hit.” Galante also spoke of the importance of post-launch support, and for him this is “definitely a big thing from my point of view that publishers should be able to offer.”


As of now, Poncle has published two games, Berserk or Die, a beat ’em up where you have to mash your keyboard to beat enemies, and Kill the Brickman, a Brick Breaker-esque, turn-based roguelike game, both of which are cheap as chips (£3 and £4 respectively).


It’s these kinds of affordable games with smaller teams that Galante wants to lean towards in publishing, and in particular his priority is to find devs “that are very transparent in what they do, they want to talk with their community, and they have a real, genuine passion for making games.” Not only that, it’s important to him that these devs get to realise their vision by enriching it, as opposed to forcing in things like microtransactions or season passes.


Galante is, perhaps most importantly, fully aware with how lucky he got with Vampire Survivors, and that’s why he wants to publish other games. “We definitely made some mistakes when it comes to putting the game out there, but we learned a lot, and wanted to try to sort of share what we learned with other indies. It was a way to try and give something back to the indie community, share the luck.” Good luck indeed! At this point in time, every dev needs every ounce of the stuff they can get.



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Dogecoin price setup points to a 30% jump as DOGE ETF deadline nears
NFT Gaming

Dogecoin ETF delay does little to deter major breakout

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Dogecoin continued its strong rally amid rising institutional demand. Its rally accelerated even after the much-anticipated spot DOGE ETF launch was delayed again.

Summary

  • DOGE price rallied despite the new DOJE ETF launch being delayed.
  • Cleancore continued its Dogecoin accumulation this week.
  • Technical analysis points to more gains, potentially 50%.

Dogecoin (DOGE) jumped to $0.2840, its highest level since July 21 and 100% above the lowest point in April this year. Its 24-hour volume soared to over $5 billion, a sign of relentless demand. 

DOJE ETF delayed, but institutional demand remains

Dogecoin’s price performed well, even after the Rex-Osprey Dogecoin ETF (DOJE), initially set to launch on Friday, was delayed again.

In an X post, Bloomberg’s Eric Balchunas estimated that the fund will likely be listed next Thursday, Sept. 18. 

DOJE will differ from the spot ETFs of companies like Grayscal, 21Shares, and Bitwise. It was approved under the Investment Company Act of 1940 and will have a Cayman subsidiary holding DOGE and its derivatives.

Polymarket users predict that the SEC will also approve the other standard DOGE ETFs in October, which will help boost its price. Odds of this approval are high because Dogecoin is similar to Bitcoin (BTC) as it is a proof-of-work coin. 

Dogecoin price has also jumped amid institutional demand. CleanCore Solutions has become a major DOGE buyer, and together with House of DOGE, plans to own 5% of the supply over time. Bit Origin has also bought over 70 million coins and is raising $500 million for more purchases.

Dogecoin price technical analysis

DOGE price chart | Source: crypto.news

The daily timeframe chart shows that Dogecoin has been in an uptrend in the past few days and is now hovering at its highest point since February. It is about to flip the upper side of the ascending trendline, a move that would confirm a bullish breakout. 

DOGE moved above the 50-day and 100-day Exponential Moving Averages. Also, the Relative Strength Index and the Average Directional Index have continued rising.

Therefore, a move above the upper side of the channel will validate the breakout, and possibly push it to the key resistance level at $0.4320, the highest point in January, which is about 52% above the current level. 



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Bonk price bounces from volume support as bullish chart signals breakout
NFT Gaming

Bonk price bounces from volume support as bullish chart signals breakout

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Bonk price has reacted strongly from a high-timeframe support confluence, sparking a bullish rally. With rising volume, a strong market structure, and higher lows forming, the token is now positioned to test higher resistance levels.

Summary

  • Bounce from 0.618 Fibonacci and POC support
  • Consecutive higher lows confirm bullish structure
  • Rising volume supports continuation toward higher resistance

Bonk (BONK) has shown impressive resilience after finding strong support at a key technical region. This area, anchored by the 0.618 Fibonacci retracement and the point of control, has provided the foundation for a decisive bullish reaction.

The rebound has fueled an impulsive rally that pushed the price above the POC, with momentum now carrying toward the Value Area High and ultimately the swing high that aligns with higher-timeframe resistance. Adding to this momentum, Nasdaq-listed Safety Shot has launched a subsidiary called BONK Holdings, dedicated to acquiring Bonk tokens as part of its broader digital asset accumulation strategy.

Bonk price key technical points

  • Support Rebound: Price bounced from 0.618 Fibonacci and point of control.
  • Market Structure: Consecutive higher lows signal bullish continuation.
  • Upside Targets: Value area high and swing high at higher-timeframe resistance.

BONKUSDT (1D) Chart, Source: TradingView

The reaction at this critical support zone is notable because it confirms demand where confluences align. Market structure has remained firmly bullish, as the rally not only reclaimed the POC but also established a sequence of higher lows. This structural strength signals that buyers are in control, pushing the trend toward continuation.

Volume dynamics further reinforce the bullish case. Influxes of buying activity have accompanied each leg higher, with healthy demand suggesting accumulation is underway. For this rally to mature into a full breakout, consistency in volume will be crucial.

Past attempts at breaching higher-timeframe resistance were rejected due to fading demand, so maintaining bullish inflows will determine whether Bonk can push beyond the current ceiling. Adding to the momentum, BONK.fun has introduced the USD1 stablecoin, a move that underscores USD1’s rapid growth and expanding footprint across major trading platforms.

Technically, the next major challenge lies at the swing high, which is reinforced by a higher-timeframe resistance zone. A decisive close above this level, supported by continued buying volume, would confirm a stronger breakout and open the door to further expansion. On the other hand, a failure to sustain momentum here could lead to consolidation or even a pullback before another attempt is made.

What to expect in the coming price action

Bonk’s market structure remains decisively bullish, with strong confluence at support and healthy volume driving the move. If buyers sustain momentum, the token could reclaim higher resistance zones and transition into a broader breakout.

However, without consistent demand, the rally risks stalling, leaving the price vulnerable to short-term consolidation before its next major move.



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TRON price rebounds toward $0.35 as network cuts fees by 60%
Crypto Trends

Ondo price tests breakout as RWA market value hits new peak

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Ondo climbed above $1.09 on Sept. 12, extending a week-long rally that has put the token in position to test a breakout zone just as real-world asset tokens hit record market value.

Summary

  • Ondo price rose 8% in the past day, testing a breakout zone with surging trading and derivatives activity.
  • The total value of tokenized RWAs crossed $29B this week, while RWA tokens hit a $76B market cap.
  • Trust Wallet’s new tokenized stocks feature, powered by Ondo, boosted short-term sentiment.

At press time, ONDO was trading at $1.09, up 8% in the past 24 hours, within a seven-day range of $0.8974–$1.13. Although the token has increased by 19% in the last week and 4% in the last 30 days, it is still 50% below its peak of $2.14, which was set in Dec. 2024. 

Ondo’s (ONDO) 24-hour volume reached $485.39 million, an 85.5% increase from the day before, indicating a surge in trading activity. There were significant inflows into derivatives as well. As per Coinglass data, open interest increased by 14% to $585.74 million, while ONDO futures volume rose 67% to $1.38 billion. 

Increasing derivatives volume indicates rising speculative activity, and higher open interest suggests that traders are holding more positions, which is often a sign of larger price swings ahead.

RWA market boom lifts Ondo

The rally coincided with a wider surge in tokenized assets. The market capitalization of RWA tokens rose from about $67 billion to nearly $76 billion over the past week, setting a new high. Meanwhile, the total value of tokenized assets on-chain surpassed $29 billion for the first time, based on data from RWA.xyz.

Ondo has been at the center of this momentum. Together with Ondo, Trust Wallet introduced tokenized U.S. stocks and exchange-traded funds on Sept. 9. The integration enables users globally to trade stocks like Apple and Tesla onchain without the need for brokers, with the help of the decentralized exchange aggregator 1inch (1INCH).

Ondo’s protocol total value locked has also expanded significantly this year, rising from $650 million in January to $1.56 billion as of Sept. 12, according to DefiLlama data.

Ondo price technical analysis

The ONDO/USDT daily chart shows the token pressing against the upper Bollinger Band near $1.13, supported by rising volume. A relative strength index of 66 suggests building momentum but not yet overbought conditions.

Ondo daily chart: crypto.news

The majority of moving averages, ranging from the 200-day SMA to the 10-day EMA, show bullish alignment, offering a constructive backdrop. 

MACD readings display a buy signal, but momentum has slowed, suggesting potential short-term consolidation. If the $1.13 resistance is decisively broken, it may set up a move toward $1.20 and beyond, while failure to hold above $1.00 risks a retracement toward $0.95, where both moving averages and the middle Bollinger Band provide support.



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XRP price coiled for breakout as first U.S. spot ETF nears launch
NFT Gaming

XRP price coiled for breakout as first U.S. spot ETF nears launch

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The XRP price recovery stalled at the key resistance level of $3 as traders awaited the first launch of a spot XRP exchange-traded fund on Friday, Sept. 12.

Summary

  • The Rex-Osprey XRP ETF will launch on Friday.
  • It will be the first spot XRP ETF in the United States.
  • The SEC is expected to approve other spot ETFs in October. 

Rex-Osprey XRP ETF set to launch on Sep. 12

The XRP price will be in the spotlight tomorrow as Rex-Osprey launches the first spot ETF. This fund will have a first-mover advantage compared to those filed by companies like Franklin Templeton, Bitwise, and Invesco.

While the fund’s goal is to track the Ripple (XRP) price, it will be different from the others. The main difference is that it is based on the Investment Company Act of 1940, while the others are based on Act 33. Using the 1940 Act allowed Rex-Osprey to complete the 75-day review.

The other difference is that it will provide investors with exposure to XRP through a wholly owned Cayman Islands company. 

This fund will be similar to the Rex-Osprey SOL + Staking ETF that has accumulated over $240 million in assets. As such, it is likely to be more expensive than the other upcoming XRP ETFs, given its 0.75% expense ratio. 

While the new XRP ETF will be notable, the main catalyst for XRP will be the other funds, which will likely be approved in October. Polymarket data shows that the odds of these spot ETFs happening this year have jumped to 92%.

Analysts expect these funds will have substantial inflows within the first few months, which may boost the XRP price. SoSoValue data shows that spot Bitcoin (BTC) and Ethereum (ETH) funds hold between 5% and 7% of their market capitalization. If XRP achieves this, then the main ETFs could attract more than $9 billion in assets in the first year.

XRP price technical analysis

XRP price chart | Source: crypto.news

The daily time frame chart shows that the XRP price has formed a few chart patterns that may trigger more gains in the near term. It has formed a double bottom at $2.70 and a neckline at $3.38.

Most importantly, it has formed a falling wedge pattern and has already moved above its upper side, confirming a bullish breakout. It has remained above the 100-day exponential moving average.

The Relative Strength Index has moved above the neutral point at 50, while the two lines of the Percentage Price Oscillator have crossed. Therefore, XRP will likely rebound and potentially hit an extreme overshoot level near $4.30.



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140,000,000 Cardano in 14 Days, Can ADA Price Sustain Its Breakout?
NFT Gaming

140,000,000 Cardano in 14 Days, Can ADA Price Sustain Its Breakout?

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Cardano (ADA) has seen significant asset movement in the last 14 days, as ecosystem whales engaged in profit-taking moves. As spotted by Ali Martinez, popular on-chain analyst, in the last two weeks, Cardano whales have sold 140 million ADA.

Cardano holds above $0.88 despite whale dump

Notably, Cardano’s large holders are going for profit after ADA hit the $0.80 zone. These whales are looking to cut their losses by dumping part of their portfolio onto the market. The massive sell-off comes as ADA whales believe the price might have peaked, enough for them to “book profit.”

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This development of selling 140 million ADA could create strong selling pressure and cause a pullback from investors. In the space of 14 days, such volume on the market could cause a considerable impact on the price outlook.

As of press time, Cardano is still trading up by 1.06% to $0.8844. The asset previously reached a peak of $0.8941 before experiencing volatility. So far, it has been able to maintain stability above $0.8840, with bullish Relative Strength Index (RSI) signals.

However, the volume has dropped significantly within the same period, likely due to investors applying caution amid growing whale action. Trading volume is currently down by 6.76% to $1.23 billion. For Cardano to sustain its current breakout move, the whales need to halt their profit-taking and start accumulating.

Bullish community sentiment eyes $1 and beyond

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Perhaps, retail traders might stick with Cardano and not embark on a selling spree. As reported by U.Today, there is an air of bullish sentiment in the ADA community. A massive 88.4% of voters in a recent poll remained bullish on ADA and look forward to it flipping $1.

This positivity might support Cardano’s displacing Tron from its ranking as the ninth-ranked crypto asset by market capitalization. With capital shifting from Bitcoin to altcoins, expectations are high for Cardano.



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