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Low-cap tokens eye bullish trend as a major crypto breaks descending wage
NFT Gaming

Low-cap tokens eye bullish trend as a major crypto breaks descending wage

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

XRP breaks out, while XYZVerse raises $15m in presale as traders eye sports-driven memecoin gains.

Summary

  • XYZVerse merges sports fandom with crypto, raising $15m in its fast-moving presale.
  • With $15m raised, XYZVerse aims to be a sports-driven memecoin riding Uptober’s hype.
  • From $0.0001 to $0.0055, XYZVerse’s presale surge positions it as a memecoin to watch.

XRP is showing signs of renewed bullish momentum after weeks of consolidation, breaking out of a descending wedge pattern that had kept prices constrained. The move is catching trader attention not only for XRP itself but also for its potential to spark a broader rally across smaller-cap tokens.

XRP breaks free from wedge

Earlier this quarter, XRP failed to break above the $3.60 resistance zone, forcing price action into a falling wedge formation — a pattern defined by compressing lower highs converging against a flat base near $2.60.

Now, according to analyst JackTheRippler, XRP has broken out of this descending wedge, shifting technical sentiment to the bullish side.

Ripple effect on low-cap tokens?

Historically, XRP breakouts have often coincided with higher risk appetite across the crypto market. If XRP sustains its move above $3, low-cap tokens could follow suit, as traders rotate capital into more speculative plays after confidence builds in larger-cap assets.

The next sessions will determine whether XRP’s wedge breakout proves to be the start of a wider risk-on trend or just another short-lived rally capped by resistance.

XYZ taps into sports fandom as presale raises $15m ahead of launch

As XRP breaks out of a months-long descending wedge pattern, some traders are turning their eyes toward smaller-cap tokens that could ride the wave. XYZVerse (XYZ), a new memecoin project built around sports fandom has already pulled in $15 million in presale funds.

A sports-driven memecoin

XYZVerse blends crypto culture with the passion of football, basketball, MMA, and esports. Instead of chasing hype alone, the team has laid out a roadmap and community-driven strategy designed to give XYZ longer-term staying power. It’s pitching itself as a badge of honor for sports and crypto fans, rather than a speculative flash in the pan.

XYZ presale momentum

The token’s presale has been progressing quickly, with prices climbing stage by stage:

  • Launch price: $0.0001
  • Current presale: $0.0055
  • Next stage: $0.0056
  • Planned listing: $0.10

If XYZ launches at its target listing price, early presale participants could see returns in the triple-digit multiples. For now, demand remains strong, with the project reporting over $15 million raised.

Riding market sentiment

The timing could prove advantageous. With XRP breaking resistance near $3 and Bitcoin holding above $116k, the broader market mood — dubbed “Uptober” by crypto traders — has turned more optimistic. Historically, when large-cap coins recover, investors often rotate into riskier plays like memecoins.

Whether XYZ can hold onto its momentum after launch remains an open question. But with its presale oversubscribed and a sports-driven brand angle, it’s quickly become one of the low-cap tokens to watch if the market keeps trending bullish.

Conclusion

With XRP showing renewed strength after its descending wedge breakout, market risk appetite could spill into low-cap plays like XYZVerse. If momentum continues, XYZ may capture investor interest as both a sports-driven cultural project and a speculative opportunity in the meme coin niche.

The presale progress, combined with rising hype, positions XYZ as a project to watch in the coming weeks, especially if broader market sentiment turns fully bullish.

To learn more about XYZVerse, visit the website, Telegram, and Twitter.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Descending triangle points to deeper crash
GameFi Guides

Descending triangle points to deeper crash

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The Pepe Coin price has crashed to a critical support level, indicating a potential for a steeper decline after forming a descending triangle, and whales initiate a selling spree.

Summary

  • Pepe Coin price has formed a descending triangle pattern on the daily chart.
  • On-chain data shows that whales have continued selling Pepe tokens.
  • Similarly, smart money investors are selling, while the supply in exchanges has jumped.

Pepe Coin price has formed a risky pattern

Pepe (PEPE), the second-biggest meme coin on Ethereum (ETH), plunged to a low of $0.000009155. That’s its lowest level since June 22 this year.

The meme coin plunged by over 45% from its highest point this year and by 68% from its 2024 highs.

The daily timeframe shows that the Pepe price dropped to a low of $0.000009017. This is a significant level, as it coincides with the lowest levels in June and September. 

A closer examination of this chart reveals that the coin’s pattern consists of a horizontal support and a descending trendline that connects the highest swings since May 22.

The profit target in a descending triangle pattern is established by first measuring the distance of the widest part and then the same distance from the triangle’s lower line. 

In this case, the distance is 45%, bringing the target price into $0.000004767. A crash to this level will be confirmed if it drops below the key support at $0.0000052.

Pepe price chart | Source: crypto.news

Whales are dumping Pepe tokens

On-chain data show that whale investors have continued to dump Pepe tokens this year. According to Nansen, whales now hold about 6.55 trillion tokens, their lowest holdings in months. 

They held over 7.6 trillion tokens on the same day in August this year. Similarly, smart money investors, who have a reputation for making profitable trades, have dumped their positions to 1.66 trillion. 

The ongoing dumping by these investors is having an impact on the exchange supply. There are now 253 trillion Pepe coins in exchanges, up from 252.4 trillion earlier this month. A jump in exchange supply is a signal that investors have given up on Pepe and are selling it.



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'Spinning Bottom' Hints at Recovery Rally as BTC Takes Out Descending Trendline
Crypto Trends

‘Spinning Bottom’ Hints at Recovery Rally as BTC Takes Out Descending Trendline

by admin



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

XRP: Prints spinning bottom

XRP XRP$2.8156 chalked out a “spinning bottom” candlestick pattern on Monday, which occurs when prices swing back and forth in a broad range, but end the day near the opening price. The shadows representing the intraday high and low indicate that both buyers and sellers were active, but neither side could gain a dominant position.

When the pattern appears after a notable price drop and at key support, as in XRP’s case, it signals that the selling pressure may be waning and buyers are stepping in to defend the price.

As seen on the daily chart, XRP’s spinning bottom has appeared following a 25% pullback from the July peak of $3.65 and at a key support level near the August 3 low, a point where the market previously rebounded sharply.

XRP’s daily chart. (TradingView/CoinDesk)

XRP’s spinning bottom does not guarantee an immediate bullish move, but it acts as an early warning of a potential bullish trend reversal. Technical analysts and traders typically look for confirmation from subsequent price action—such as a bullish candle closing above the spinning bottom’s high.

In other words, focus is on Monday’s high of $2.84, with XRP currently changing hands at $2.80.

Not out of the woods yet

The 5- and 10-day simple moving averages, widely used to filter out short-term market noise, continue to trend downward, signaling ongoing bearish momentum. Additionally, the Guppy multiple moving average band has recently turned bearish, with the bearish signal remaining intact as of now.

In other words, momentum remains tilted in favor of sellers, and, if Monday’s low of $2.69 is breached, XRP could experience a sharper decline

Bullish undercurrents?

The MACD histogram, an indicator gauging momentum using 12- and 26-week exponential moving averages, has been consistently negative since late July. Still, XRP’s price has not experienced a steep downtrend, essentially trading between $2.70 and $3.00.

XRP’s daily price action versus MACD. (TradingView/CoinDesk)

The relative resilience of prices means a potential bullish crossover of the MACD could mark the onset of a sharp rally. The BTC market displayed a similar dynamic in September last year when it traded below $60,000.

  • Support: $2.69 (Monday’s low), $2.65 (the swing high from May), $2.48 (the 200-day SMA)
  • Resistance: $2.84 (Monday’s high), $3.38 (the August high), $3.65 (the July high).

Bitcoin takes out key trendline

BTC has surged past a descending trendline that marked the pullback from record highs above $124,000. However, the immediate outlook remains bearish as prices stay below key resistance levels, including the Ichimoku cloud, the 50- and 100-day simple moving averages, and the August 3 low. Additionally, a bearish divergence is evident in the RSI on the monthly chart.

BTC’s daily and hourly charts. (TradingView/CoinDesk)

Taken together, these signals paint a bleak picture of the market, where upward moves could encounter selling pressure. A clear negation of this bearish outlook would require BTC to successfully break and hold above the Ichimoku cloud, which currently acts as a critical resistance zone.

  • Support: $107,286 (Monday’s low), $100,000, $98,330 (the swing low from June 22).
  • Resistance: $110,756 (the Ichimoku cloud), $111,728 (the 100-day SMA), $115,780 (the 50-day SMA).

Read more: Bitcoin Floats Around $110K as Traders Look Toward Friday Data for Upside



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