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Bitcoin, Ethereum, And XRP Price Prediction: Top Tokens To Retest Their Crucial Support? The crypto market has been under bearish sentiment recently, with increased selling pressure. Bitcoin (BTC) has failed to hold above $65,000, and Ethereum (ETH) has seen consolidated price action. Ripple's XRP also struggles to stay above $0.50. Bitcoin (BTC): BTC shows weak performance, down 1% in the past day and 2.48% in the past week. If momentum returns, BTC could retest $67,775. Otherwise, it might drop to $60,819.50. Ethereum (ETH): ETH has formed a symmetric triangle pattern, dropping 1% in the past 24 hours. If bulls regain control, ETH could reach $3,730; if not, it might fall to $3,000. Ripple (XRP): XRP has been trading between $0.480 and $0.5340 with minimal change. If it holds above $0.480, it could test $0.5340. Otherwise, it may drop to $0.420.
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Crypto Market Predictions: Top Winners & Losers of 2024 Key Predictions: - Bitcoin, Ethereum, and Solana: Analyst Debashree Patra and crypto expert Santiago R Santos forecast that Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) will hit new all-time highs by the end of 2024. This optimism is driven by strong fundamentals and increasing institutional interest. - Bitcoin's Growth Path: Bitcoin needs to stabilize at $67,000 to reach $73,000 soon, potentially climbing to $85,008, a 32.26% increase. Current indicators show a mix of bearish sentiment and moderate volatility. - Altcoin Movements: Ethereum (ETH) and Solana (SOL) are expected to perform well, with ETH aiming for $3,616.83 and SOL targeting $150, representing notable growth from current levels. Challenges and Market Instability: - Token Unlocks: Massive upcoming token unlocks could lead to significant sell-offs and market instability, particularly affecting altcoins. - DeFi Revival: A resurgence in Decentralized Finance (DeFi) is anticipated, with increasing interest in original projects and the potential impact of an ETH ETF. ETH ETF's Critical Role: - The ETH ETF's performance is crucial. If investor interest declines due to macroeconomic factors, ETH may struggle. Conversely, strong ETF inflows could position ETH as a top tech-focused investment, potentially leading to new all-time highs. Conclusion: Crypto enthusiasts should prepare for potential highs and market volatility, adjusting their strategies accordingly. The crypto market in 2024 promises exciting developments, particularly for major coins like BTC, ETH, and SOL, while navigating the challenges posed by token unlocks and market dynamics.
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📉 Shiba Inu Faces Increased Selling Pressure as Network Activity Declines: What’s Next for SHIB’s Price? 🔻 Shiba Inu has dropped two spots from the top 10 cryptocurrencies amid a market downturn, with Bitcoin nearing $63,000. This has intensified selling pressure on SHIB, alongside negative on-chain indicators. 📉 SHIB’s Network Activity Declines: - SHIB saw a significant price decline in the last 24 hours, with total liquidations exceeding $360K and reduced trading volume and open interest. - Active addresses fell from 4.6K to 3.2K, and new addresses dropped from 1.33K to 1.14K, signaling reduced user activity and demand. 🔥 Shibburn data shows a 260% increase in burn rate, removing 29,956,875 SHIB tokens from circulation, potentially impacting token scarcity and prices. 📉 What’s Next For SHIB Price? - SHIB currently trades at $0.00001787, down 1.6% in the last 24 hours. - The 20-day EMA trend is downward at $0.0000178, with RSI below the midline, suggesting potential for further decline. - A drop below $0.000017 could see SHIB/USDT fall to $0.000014, unless bulls push above the 20-day EMA to reject lower prices and potentially rally towards $0.000026. 📈 Stay informed with the latest SHIB updates and price movements. Follow for more insights on the memecoin market! 🚀💎 #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken
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Bitcoin Price Struggling at $64,000: Here’s Why it Could be a ‘Do-or-Die’ Weekend for the BTC Price 📉 Bitcoin is struggling to hold the $64,000 support after losing the $65,000 level, facing intensified selling pressure and potential for further downside. 🐻 Bears' dominance has increased, suggesting a possibility of new lows as the weekend trade approaches. 📈 BTC bulls are attempting to validate a fakeout, potentially trapping bears, but buying volume remains uncertain for the weekend. 📊 Daily chart indicators show mixed bullish and bearish signals, with the price in a falling wedge and potential for more bearish action. 📉 Technical indicators such as RSI, MACD, Gaussian channel, and Ichimoku cloud suggest a bearish outlook. ⚖️ BTC is hovering between key trend reversal zones at $67,560 and $62,678.87, with potential outcomes ranging from a plunge below $60,000 to a rebound towards $70,000 depending on support or resistance breakthroughs. #BinanceTournament #Megadrop #CryptoTradingGuide #MicroStrategy #CertiKvsKraken
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Memecoins in Deep Distress: While FLOKI, WIF, BONK, and PEPE Plunge Hard, It Could be a Good Buying Opportunity as Well 📉 DOGE & SHIB are consolidating, while other memecoins are seeing double-digit losses. 🐻 The bearish sentiment in the crypto market has dragged BTC below $65,000, impacting memecoins like FLOKI, WIF, & BONK. 1-FLOKI (FLOKI) Price Analysis:- FLOKI has plunged nearly 10% and is testing crucial support levels.- Technical indicators suggest a potential rebound, with RSI testing the lower threshold.- A minor bearish move may precede a rebound, targeting levels above $0.00017. 2-dogwifhat (WIF) Price Analysis:- WIF is stuck in a deep bearish trend, approaching the consolidation apex.- Technicals show a lack of strong bullish reversal signals, with OBV heading lower.- Selling pressure suggests a continued descent towards lower support levels. 3-Bonk (BONK) Price Analysis:- BONK slipped below crucial support, facing rejection at recent highs.- Indicators hint at a possible double-top pattern, with RSI attempting a rebound.- A decent upswing is anticipated, targeting around $0.000025. ℹ️ Despite the current downturn, these memecoins may present buying opportunities if they rebound from current support levels. Investors should monitor technical indicators for signs of reversal.
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