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Showing posts with the label breakout

Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

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Ethereum Addresses In Profit Nearly Doubles Since April Lows – Volatility Returns

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Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

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XRP Price Prediction: SEC Closed-Door Meeting Could Decide Ripple Case As Experts Eye This 100x Potential Meme Coin Presale

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The XRP price edged down a fraction of a percentage in the last 24 hours to trade at $3.11 as of 02:26 a.m. EST on trading volume that dropped 17% to $6.1 billion. Investors are closely watching today’s SEC closed-door meeting, which has reignited speculation over the Ripple case’s outcome.  The meeting will feature SEC Acting Chair Mark Uyeda and Commissioner Hester Peirce, leading to fresh theories within the XRP community. This comes after the SEC reportedly removed all references to Ripple from its litigation releases section—an omission that many believe signals the case could be approaching its resolution. SEC Removes Ripple Case from Their Records? There's chatter on X today about the SEC potentially removing all references to the Ripple civil actions from their website. If true, this could be GIGA BULLISH for $XRP! However, always approach such news with caution until… pic.twitter.com/kMnpStijao — Chad All-In Top Daily Crypto News (@Cha...

Top Trader Says Large-Cap Altcoin on Cusp of a Violent Upside Move, Updates Outlook on Bitcoin and dogwifhat

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A widely followed cryptocurrency trader thinks that one large-cap memecoin is gearing up for another round of upside bursts. Pseudonymous analyst Bluntz tells his 303,200 followers on the social media platform X that he sees Dogecoin (DOGE) outperforming Bitcoin (DOGE/BTC) as the pair approaches the resolution of a triangle pattern. A triangle structure is typically viewed as bullish if spotted while an asset is in an uptrend. Says Bluntz, “Sounding like a broken record at this point but I’m gonna say it again anyway, when DOGE breaks this three-week accumulation, it’s going to be a violent upside move.” Source: Bluntz/X At time of writing, DOGE/BTC is trading for 0.00000437 BTC worth $0.44. Looking at Bitcoin itself, Bluntz believes that BTC is ready to resume its rallies after completing an ABC correction on the four-hour chart. “Perfect liquidation candle on BTC, looks like a running flat ABC done, in my opinion. Leverage suc...

Imminent breakout? XRP whales go on $30 million buying spree in 24 hours

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XRP is witnessing an increase in whale activity as the token struggles to break past the $0.60 resistance. Indeed, crypto analyst Ali Martinez highlighted the large-scale buying spree in an X post on August 27, noting that whales had accumulated over 50 million XRP tokens within the past 24 hours. The purchase, valued at approximately $29.5 million, could signal a potential XRP price breakout. The data highlighted a surge in whale activity, specifically among those holding between 1,000,000 and 10,000,000 XRP coins.  Picks for you Qubic unveils Project X, a new initiative to fuel crypto ecosystem growth 15 mins ago Pavel Durov’s net worth revealed: How rich is the co-founder of Telegram? 31 mins ago ...

Ripple: XRP May Be Nearing its Biggest Price Increase Ever

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Amid its recent settlement with the US Securities and Exchange Commission (SEC), Ripple (XRP) may be nearing its largest price increase ever. Indeed, traders are anticipating n unprecedented surge for the crypto. With sentiment high, metrics support a landmark increase for the asset. Just last week, Ripple Labs ended its years-long legal battle with the agency. The moment was massive and saw the firm move beyond what has been a constant obstacle. Now, regulatory clarity could be just what the token needs to enjoy a monumental breakout. The likes of which XRP traders have never seen. Also Read: Ripple: Does SEC Settlement Open the Door to an XRP ETF? XRP Poised for Biggest Breakout Ever? One Trader Think So Entering 2024, Ripple (XRP) boasted immense potential. The asset struggled, as it fought an ongoing court battle that weighed down its potential to break out. However, that’s not in the rearview mirror. Subsequently, the crypto has thrived, surging more than 18% in the last seve...

Bitcoin price fails $38.5K breakout as US GDP fuels Fed hard landing woes

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BTC price encounters classic resistance as sellers refuse to let Bitcoin crack through its November ceiling. Bitcoin (BTC) shrank back from resistance after the Nov. 29 Wall Street open as United States GDP figures beat expectations. BTC/USD 1-hour chart. Source: TradingView GDP sets tone for macro-sensitive crypto Data from Cointelegraph Markets Pro and TradingView followed a familiar BTC price retracement on short timeframes. Bitcoin bulls had managed to propel the market above $38,000 the day prior, only to flip flop around that level before ultimately dropping as U.S. macro data hit. This showed Q3 GDP accelerating beyond anticipated levels, coming in at 5.2% versus 4.9%, respectively. This renewed concerns over how the Federal Reserve might handle policy ahead of an interest rates decision in mid-December. “5.2% is the final reading, it will mark the highest GDP growth since Q4 2022,” financial commentary resource The Kobeissi Letter wrote in part of a reaction on X (formerly Tw...