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$XRP
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Bitcoin Chart Analysis
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Solana (SOL) Price Analysis đ„ The above-mentioned catalysts are expected to fuel the SOL price rally, which could form a new ATH above $275 with less interruption. However, the question arises whether the price will reach $1000 in the upcoming bull run. If yes, when will the price reach its peak? The above chart suggests the price is stuck within a descending parallel channel; however, the token is attempting a breakout as it heads towards the resistance. The volume remains within the average range, indicating enough participation of bulls and bears that may keep up the volatility. The RSI is displaying a similar recovery curve that it followed in the past few years but with a lowered intensity. Therefore, the Solana price, which is stuck between 0.5 FIB & 0.786 FIB, is expected to maintain a consolidated ascending trend and reach the resistance around $180 in the next few weeks. Once the price rises above the descending consolidation and secures levels above 0.786 FIB, the next target could be to rise above the rising trend line, which is close to the current ATH at $260. This move is expected to trigger a fine upswing that could transform into a bull run further with the potential target of $336 initially and later at $427. The Solana (SOL) price is expected to rise and reach $500, setting new highs, but reaching a four-digit figure appears to be a difficult task, which could be made easier if the bull run intensifies in 2025. $SOL
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Dydx Crypto Retests It August High! đ„ Built on the Cosmos chain, dydx is a Proof-of-Stake (PoS) blockchain network and one of the most secured L1 projects. With its governance protocol, investors can validate or stake their tokens to participate in securing the DYDX chain. Amid, increased volatility, the dydx token has jumped 17.32% in the past 24 hours with a trading volume of $377.96 million. Furthermore, it has surged 23.80% over the past week and 26.49% during the past 30 days. Notably, with a market cap of $767.19 million, it has secured 97th position. DYDX Technical Sentiments The MACD indicator has displayed a constant rise in the green histogram with its averages showing an increase in the bullish sentiment. This suggests that the dYdX price may continue gaining value in the coming time. The Relative Strength Index (RSI) has displayed a sharp plunge above the overbought range, highlighting increased price volatility in the crypto market. Will dYdX Price Go Up? If the market maintains the bullish sentiment, this could result in the DYDX price retesting its resistance level of $1.544. Moreover, if the bullish sentiment intensifies, this could result in it heading toward its upper resistance level of $2.24 during the upcoming weeks. On the contrary, if a bearish reversal occurs, the DYDX crypto token will plunge toward its crucial support trendline of $0.8350 in the coming time.$DYDX
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Realistic Expectations for XRP đ„đ„đ„ Warren said that while $20 is not out of the question, he doesnât foresee XRP gaining the momentum it needs to reach those heights in this bull market. He acknowledges that XRP will continue to be utilized, particularly by institutional investors, which gives him hope for its future. Historically, being bullish on XRP was a popular stance, but Warren notes a shift in sentiment. Many retail investors have lost faith in XRP due to recent price trends and chart patterns, making it a less popular position to hold. As a trader, he finds it challenging to defend XRP based on current charts, but he believes that its strong fundamentals and existing partnerships may lead to surprising outcomes. Potential for Future Growth Despite the current sentiments, he believes XRP could realistically reach between $5 to $6. He also suggests that the ongoing suppression of XRPâs price may be part of a larger institutional strategy aimed at dissuading retail investors from holding on. This could lead to a scenario where institutions profit while retail investors miss out on potential gains.$XRP
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Bonk (BONK) The Bonk price has jumped 3.87% in the past day with a trading volume of $204.65 million. Moreover, it has added ~9% over the past week and 32.63% during the past 30 days. With a market cap of $1.77 billion, it has secured the 50th position. The EMA 50/200-day has recorded a Golden Cross in the 1D time frame. This indicates an increase in the bullish sentiment for the memecoin in the market. Moreover, the RSI indicator continues trading above the neutral point, suggesting a positive outlook. If the BONK price regains momentum, it will prepare to retest its upper resistance level of $0.00003390 in the coming time. However, if the bears outrun the bulls, the BONK memecoin could retest its support level of $0.00002125. $BONK
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