ambcrypto Archives

XRP cryptocurrency’s social sentiment peak will effect price THIS way!

RSI and MACD’s readings on XRP’s price charts highlighted minimal divergence XRP continues to hold above the 50-day MA at $2.26, despite losses over last 24 hours XRP continues to dominate market discussions, fueled by significant price movements and heightened social engagement. At the time of writing, XRP was trading at $2.44, following a 2.62% intraday decline. Despite the dip, however, its technical setup and broader market signals presented a complex narrative for traders and investors alike.

XRP’s social dominance surges

Santiment’s Social Dominance...

How Trump’s inauguration could trigger a Bitcoin rally OR a crash

BTC’s STH MVRV seemed to be at an inflection point that could fuel or dump BTC Options traders increased hedging activity ahead of Trump’s inauguration Bitcoin [BTC] is at a crossroads ahead of Donald Trump’s presidential inauguration on 20 January. That’s not all though, as a key valuation indicator, STH (short-term holders) MVRV, has retreated to a pivotal point too.

Is another ‘Trump pump’ likely?

At press time, the STH’s realized price was valued at $86k. Factoring the STH MVRV level, this could be...

Lido’s breakout: How $2.70 can define LDO’s next move

A crucial support level was identified at $1.88, aligning with the 78.6% Fibonacci retracement level. External factors, including growing adoption of liquid staking and Ethereum’s staking mechanism, may further fuel LDO’s upward trajectory. The recent price action of Lido DAO [LDO] has piqued interest within the crypto trading community, as the token demonstrated significant potential for upward momentum. Emerging from a falling wedge pattern, LDO’s current trajectory signaled a bullish breakout opportunity, reinforced by critical support and resistance levels.

Falling wedge pattern

The falling...

Bitcoin reserves debate: How Japan’s plunging Yen might just help BTC

Bitcoin reserves have sparked intense controversy, with countries deeply divided on their potential. As Japan faces mounting economic pressure, could its struggles provide the perfect case study? The debate over Bitcoin [BTC] reserves is dividing the market. Some see it as a crucial hedge against the dollar’s volatility, while others remain deeply cautious, concerned about the speculative risks tied to it. The divide is so sharp that even the Fed and the Trump administration are at odds, each taking a starkly different stance...

BonkDAO’s 1.69 trillion token burn: Will it affect BONK’s price?

BonkDAO’s token burn reduced supply by 1.8%, yet BONK faced resistance at $0.00003517. Market sentiment remained bearish, with high short interest and weak technical indicators for BONK. BonkDAO’s decision to burn 1.69 trillion Bonk [BONK] tokens as part of the “BURNmas” event has grabbed attention in the crypto community. With $54.52 million worth of tokens being removed from circulation, the total supply of BONK is reduced by 1.8%. This could have significant implications for the market. At press time, BONK is trading at...

Is PEPE price primed for rebound? TD sequential signals big move ahead!

PEPE hits $2.6 billion trading volume as technical signals indicate potential bullish breakout opportunities. 73.6% of PEPE holders are in profit, with key resistance at $0.000022 and strong support at $0.000013. The crypto market has experienced mixed trends over the past two weeks, with a sharp shift from bullish sentiment to bearish caution. Among the affected assets, meme coins like Pepe [PEPE] have seen reduced trading interest as attention returns to Bitcoin [BTC]. Despite this, technical indicators suggest PEPE could be poised for...

XRP whales buy 110 million tokens worth $242 million

contributor Posted: December 20, 2024 XRP has declined by 2.82% over the past 24 hours. Ripples whales buy 110 million XRP tokens worth $242 million. Over the past 24 hours, the crypto market has experienced strong downward pressure. With most altcoins declining following BTC’s drop to $95k, XRP was not spared. Over this period, Ripple’s [XRP] has experienced a sharp decline, hitting a low of $2.15. This drop has created a buying opportunity among investors, especially whales. As such, whales have turned to buying the...

Simon’s cat crypto: Is $0.000068 just the start after breakout?

Journalist Posted: December 18, 2024 CAT had a strongly bullish bias after gaining nearly 50% in a day. The volume indicators showed steady buying pressure in recent weeks despite the consolidation at $0.00004. Simon’s cat [CAT] saw strong gains on the 16th of December. It surged by 48.6% on the day and its trading volume jumped higher by a factor of over 10. This indicated high enthusiasm to buy the breakout meme coin. Yet, CAT faced some trouble convincingly climbing past the local resistance zone...

Bitcoin miners dump $13B BTC in December – Cause for concern?

Journalist Posted: December 15, 2024 Miners sold over $13B BTC in the first half of December. Per Puell Multiple, BTC wasn’t overvalued or in a red zone yet. Bitcoin [BTC] miners have intensified selling since the cryptocurrency crossed the $100K milestone. In December alone, miners sold 140K BTC, worth $13.72B. Per Santiment data, the dumping spree has shrunk the miner balance from over 2M to 1.95M coins as of this writing. Source: Santiment

BTC steady above $100K

Despite the aggressive sell-off, the king coin remained resilient above...

Ethereum whales accumulate $1 billion in ETH: Sign of a rally?

Smaller ETH holders have sold more ETH recently, and whales are absorbing these sales. ETH has continued its upward trend. Ethereum [ETH] has witnessed an extraordinary movement recently as whale investors purchased over 280,000 ETH, amounting to approximately $1 billion, in over five days. This accumulation has stirred significant speculation about Ethereum’s future trajectory, especially with the asset trading near $3,700. Combined with shifting exchange flows and an uptick in on-chain activity, all eyes are on whether Ethereum can sustain its bullish...

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XRP’s social dominance surges

Is another ‘Trump pump’ likely?

Falling wedge pattern

BTC steady above $100K