China News Today TheBitTimes.com

A trading expert is warning that XRP may face further losses, likely falling below $2, as technical indicators suggest the ongoing correction could persist. As of press time, XRP was trading at $2.16, down 1.56% in the past 24 hours and over 8% in the past week. XRP seven-day price chart. Source: Finbold XRP’s bearishness is likely to continue  In a May 30 TradingView post, analyst Master Ananda noted that XRP is showing renewed signs of weakness. The deepening bearish trend suggests the correction phase may not be over. XRP price analysis chart. Source: TradingView The downward movement accelerated on May 12. Since then, XRP has come under increasing pressure, breaking below the rising green channel it had followed since early April, effectively ending the short-term bullish rebound triggered when the asset breached the $1 resistance.  A key technical shift was the breakdown from this ascending channel, marked by a transition from higher hi...

Bitcoin to $107K prediction Analysis right now suggests the leading cryptocurrency is definitely on track for a major breakout. Recent technical indicators and also on-chain metrics point to an imminent surge beyond the $100K milestone in the coming weeks. The Bitcoin to $107K prediction is supported by three key market signals that analysts and investors are closely monitoring at the time of writing. Also Read: Solana vs Litecoin: 5% Drop for SOL & LTC Eyes $200 Resistance Breaking Down Bitcoin’s Path to $107K Source: Watcher Guru Signal #1: Critical Resistance Levels Breached Bitcoin has recently traded above key resistance levels at $93,100 and also $95,300, effectively breaking out of its five-day trading range. This Bitcoin breakout signal was accompanied by unusually high volume, suggesting strong buyer conviction in the market. The Bitcoin to $107K prediction gains additional credibility as these technical barriers continue to fall one after another, opening up the path to...

The Dogecoin price dropped over 3% in the last 24 hours to trade at $0.2579 as of 9:57 p.m. EST as investors turn their attention to other cryptos. With the 24-hour drop in the DOGE price, the largest meme coin by market cap is now down more than 36% on the monthly time frame. Dogecoin Price Hovering Above Support 4-hour chart for DOGE/USD (Source: GeckoTerminal) The Dogecoin price is hovering above the key support level at $0.2478, GeckoTerminal data shows. Should the meme coin drop below this mark within the next 12 hours, it could end up plunging to the subsequent support all the way down at $0.2289. On the other hand, traders identifying the crypto’s current level as a buy opportunity might result in the Dogecoin price attempting a challenge at the $0.2676 resistance level. A break above this technical barrier could then lead to the meme coin rising to as high as $0.2865 in the short term. Technicals Suggest The Dogecoin Price Might Start To Rise Soon From a technica...

Shiba Inu is undoubtedly one of the most successful crypto coins in the space. SHIB has noted remarkable price rallies at a time, especially in tandem with Bitcoin price spikes and the token’s stark ascent to claim new highs. Now that the year 2024 comes to an end, will SHIB be able to show considerable price momentum to hit a new price mark of $0.00003? Also Read: De-Dollarization To End: Russia US Meet To Rekindle New Reforms? Shiba Inu: What Does The Future Hold? Source: Watcher Guru Despite the mellow pace that SHIB has adopted as of late, several cryptocurrency analysts continue to predict high price marks for the token. In this wake, notable crypto analyst, Javon Marks has come up with a new price Analysis adding how SHIB is poised to surge by nearly 3.33x in no time. Explaining his Analysis in detail on X, Marks shared how SHIB is already carving its own way, undergoing pressure testing to ultimately hit a new price spot of $0.000081 in the near future. “$SHIB (Shiba Inu)...

The SPX6900 price plunged over 11% in the last 24 hours to trade at $0.6522 as of 5:47 a.m. EST as investors dump their holdings in the crypto on the market. With the steep drop, the SPX price pushed its weekly performance into the red. As a result, the altcoin is down more than 3% over the last 7 days. SPX6900 Price Forms A Bearish Channel 4-hour chart for SPX/USD (Source: GeckoTerminal ) The SPX6900 price dropped below the support level at $0.7327 and has since printed a series of lower lows and lower highs on the 4-hour chart, resulting in the formation of a negative price channel. Should this bearish trend continue, the crypto might soon lose the $0.6347 support to potentially plunge to as low as $0.5526 in the short term. On the other hand, the SPX6900 price rising above the upper barrier of the descending price channel could invalidate the bearish thesis. In this alternative scenario, the altcoin might try to reclaim the $0.7327 support. A 4-hour candle close above this p...

The Baby Doge Coin price soared 34% in the last 24 hours to trade at $0.000000005662 as of 02:57 a.m. EST on trading volume that plunged 44% to $440 million, according to CoinGecko. The token has been on a sustained parabolic surge, which may have been fueled by an Elon Musk tweet in which the Tesla founder had a photo of himself and his son, along with the words “Dogefather” and “Dogeson” stylized like the logo of the 1972 film “The Godfather.” As a reply to the tweet, he mentioned “Doge & Minidoge.” Baby Doge Coin Price Indicators Suggest A Sustained Trend The BABYDOGE/USD chart shows a bullish trend, particularly towards the end of mid-November, as the Baby Doge Coin price has broken out of a consolidation phase and surged significantly. There is a sharp upward movement supported by increasing trading volume, indicating strong buying momentum. A potential breakout pattern is visible, with the BABYDOGE price sharply moving ...

The Moo Deng price plummeted more than 19% in the last 24 hours to trade at $0.5159 as of 10:18 p.m. EST as investors dump their holdings in the meme coin on the market. This recent drop in the MOODENG price comes after the crypto surged in the last 7 days. While some traders opted to realize their profits, the meme coin is still 46% in the green on the weekly time frame. Moo Deng Price Resting On A Vital Support 1-hour chart for MOODENG/USD (Source: GeckoTerminal) The Moo Deng price fell out of a short-term ascending channel in the last 24 hours, according to GeckoTerminal data . Afterwards, the meme coin printed a series of lower lows and lower highs on the 1-hour chart, resulting in the formation of a bearish price channel. Now, MOODENG is resting on the key support level at $0.5006. Should the Moo Deng price lose the support of the $0.5006 mark, it could continue to trade in the newly-formed descending channel and potentially plunge to as low as $0.3840. However, MOODENG ma...

The Peanut The Squirrel price has soared 13% in the last 24 hours to trade at $1.77 as of 12:30 a.m. EST on a 7% surge in trading volume to $2 billion. Peanut The Squirrel Price Gears For Another Bullish Rally The PNUTUSD pair has been on an exciting journey lately. For a while, the price moved sideways, stuck in a tight consolidation range between $0.20 and $0.30. Then, out of nowhere, a breakout happened near $0.6796, igniting a surge of momentum that pushed the price higher. Buyers piled in, driving the price to impressive heights, where it now sits at $1.75303. Despite a slight pullback of 6.58% in the latest candle, the overall picture still feels optimistic. PNUTUSD Analysis Source: Dextools.io After that explosive rally, the market took a breather forming a bullish pennant, a classic pattern that often hints at more upward movement. At the same time, the 50 SMA, sitting far below $1.18, acted like a safety net, showing just how strong the recent uptrend has been. ...

XRP has struggled to breach the $1 mark for years, predominantly consolidating below $0.60. However, recent momentum in the crypto market has propelled XRP into the spotlight, with the token showcasing a powerful rally over the past 24 hours. This surge has pushed XRP’s price toward a critical resistance level at $0.75, boosting its market cap above $40 billion and signaling a potential breakout. Technical indicators, including key support and resistance levels, reinforce the view that XRP could be headed toward higher targets, with a short-term outlook aiming at $1.03 as buying pressure continues to build. Picks for you Why Bitcoin's next bullish target could be $255,000 59 mins ago These are the largest share buybacks in Q3 202...

Bitcoin’s (BTC) bullish momentum shows little sign of slowing down. BTC currently trades at $87,710, with an impressive 6.68% rise in the last 24 hours and a 26.02% gain over the past week, Bitcoin is pushing into uncharted territory, bringing its market cap to a formidable $1.7 trillion.  Bitcoin 1-day price chart. Source: Finbold The rally is driven by a confluence of factors, from the increasing scarcity of supply and aggressive whale accumulation to institutional flows, including a record-breaking $3.4 billion in Bitcoin ETF purchases over a span of four days.  Picks for you Caution: Why Bitcoin is facing a 50% drop soon 12 mins ago R. Kiyosaki’s Bitcoin plan revealed: He’s buying until BTC hits this price ...

Despite Bitcoin (BTC) failing to break past the $65,000 mark, a trading expert has suggested that investors should anticipate a possible record high once August ends. In a TradingView post on August 26, Trading Shot highlighted that, based on historical price movements, the end of August could be pivotal in pushing Bitcoin to reach the coveted $100,000 mark. The expert noted that the flagship cryptocurrency has shown remarkable resilience by maintaining a critical support zone above the $50,000 mark for the past six months. This support level is significant as it coincides with the symmetrical pivot zone—a crucial area vital during the previous market cycle in late 2021. Picks for you Bitcoin draws ‘biggest cup and handle’ pattern that will ‘shock the world’ 23 seconds ago ...