In Brief Pi Network surged 70% in 24 hours, reaching $16 billion market cap with $3 trading billion volume. ADX indicates extremely strong trend at 57.7 while BBTrend shows potential overextension at -11. Price could potentially reach $4 or correct to support levels at $1.7, $1.42, or $0.79. Pi Network (PI) has skyrocketed more than…
Read more
In Brief TRUMP price jumps 10% in 24 hours but remains below key resistance levels amid bearish pressure. RSI recovers from oversold levels, but BBTrend stays negative, signaling lingering downside risks. TRUMP eyes $24.58 resistance as momentum builds, but failure to break higher could trigger a correction. TRUMP price is up roughly 10% in the…
Read more
In Brief Over 410,000 ETH worth $1.3 billion was sold in a week, reflecting investor frustration with Ethereum’s inability to breach $3,530. Ethereum’s NVT signal hit a 25-month low, signaling undervaluation, which could attract interest and support future recovery. Failing $3,530 resistance risks a dip to $3,131, while a breakout could push Ethereum toward $3,711,…
Read more
In Brief XRP open interest surged by $1.6 billion this week, reflecting bullish trader sentiment and anticipation of price recovery. Positive funding rates and active positioning show traders are optimistic, but loss-heavy transaction volumes signal caution. Consolidation persists between $2.18-$2.73; breaching resistance could target the $3.31 ATH, while support failure risks $1.94. XRP has struggled…
Read more
In Brief XRP Open Interest plunged $1 billion in 24 hours, reflecting growing trader skepticism about a price breakout. Price DAA Divergence signals bearish sentiment, with declining participation and consolidation under $2.73 resistance. XRP risks dropping below $2.00 support but could aim for $3.31 ATH if broader market conditions turn bullish. XRP has been consolidating…
Read more
In Brief Bitcoin ETFs see $1.2 billion outflows over three days, including a $680 million single-day record, net assets dropped from $121 billion to $105 billion. While Bitcoin struggled, Ethereum ETFs saw $130 million inflows, led by BlackRock’s holdings surpassing 1 million ETH. Investors cite profit-taking in Bitcoin, while Ethereum’s inflows hint at potential altcoin…
Read more
In Brief BTC has slipped from its peak of $93,495 as long-term holders cash out over $3 billion, marking the largest sell-off in 5 months. Market indicators signal potential correction, with BTC’s MVRV ratio at 182.06%, hinting the coin may be overvalued. If selling continues, the next support level near $83,983 looms, though renewed demand…
Read more
In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
Read more
The put/call ratio for BTC stands at 0.76, reflecting that there are 76 put options for every 100 call options. Quick Take Feb. 23, the last Friday of the month, marks the expiration of an impressive $3.7 billion in Bitcoin (BTC) options, a situation that could notably influence the Bitcoin market, according to Deribit…
Read more
