In Brief XRP price is slowing its drawdown after falling below $0.50 in the last two weeks. Whales have accumulated over 100 million XRP worth $47 million in the last 48 hours. Retail investors are not very active in the network, which could counter whales’ bullishness. Ripple’s (XRP) price action has consistently disappointed its investors,…
Read more
In Brief Chainlink price is moving in a descending triangle at the moment, signaling a 30% correction. Participation is declining considerably, with active addresses now at a six-month low. Given the deviation of investors conducting transactions on the network against price, a sell signal is being flashed at the moment. Chainlink’s (LINK) price is currently…
Read more
In Brief Shiba Inu’s (SHIB) price broke out from a descending resistance trend line but failed to sustain the upward trend. The daily time frame readings are undetermined, but the six-hour chart leans bearish because of the price action. Despite the bearish SHIB price prediction, breaking out from the parallel channel can trigger a significant…
Read more
While the crypto market is humming with the discussions of Bitcoin ETFs, Ethereum (ETH), the second-in-order in the crypto space, has begun giving bullish indications. As of Jan. 22, 2024, the cost of ETH is practically 4% up, month-on-month, in the midst of discusses a potential Ethereum ETF in months to come. In the midst…
Read more
In short Ethereum’s value direction is made a beeline for Fibonacci levels somewhere in the range of $2,400 and $2,600, demonstrating a basic stage in valuation. Although Ethereum’s performance isn’t as strong as Bitcoin’s, if it starts to perform better, the price of ETH could rise significantly. The bullish price targets for Ethereum are approximately…
Read more
