XRP's monthly gains overcome all Solana's market cap

The XRP price has added an impressive $128 billion to its market cap, surpassing the entire market cap of Solana price in just 30 days. This significant surge has been a major factor in shifting investor attention and capital from Solana to XRP.  

Still, is it over for Solana?

The rally has sparked bullish expectations, with analysts forecasting a potential price surge to $400 and $600 in the coming months. This continued rise could position Solana as one of the top-performing assets in the crypto market, further solidifying its place among major blockchain projects. 

Despite the short-term bearish sentiment, , the Solana's price remains within a crucial range that traders closely monitor.

The Relative Strength Index (RSI) for Solana price has recently dipped below the neutral 50 mark, suggesting a weakening in buying momentum. The moving average convergence divergence (MACD) indicator has decreased bullish momentum, reinforcing the expectation of potential price consolidation or further correction in the short term.

In conclusion, while Solana’s recent breakout signals growth potential, XRP’s surge has overshadowed its market cap. With fluctuating momentum and mixed market sentiment, Solana’s future remains uncertain,

#XRPReclaimsTop3 #Solana_Blockchain $SOL $XRP

Cardano (ADA): what's after 25% weekly growth? – perspective by BeInCrypto

While ADA's upward momentum has sparked optimism among investors, it has also led to profit-taking, with many viewing the current levels as an opportunity to sell.

Smaller holders of ADA have been actively selling in recent weeks. Data indicates that wallets holding between 100 and 10,000 ADA have offloaded more than 72 million ADA worth over $92 million. This selling trend has persisted for over a month, highlighting ongoing profit-taking among retail investors.

Although the volume of sales by smaller holders is significant, it is not as impactful as the larger transactions made by whales.

On the chart, ADA approaches crucial resistance levels. Many are watching whether this rally can be sustained, especially with the psychological $1.30 threshold in play.

For Cardano to maintain its upward trajectory, it needs to flip the $1.30 resistance into support. If it can successfully hold above this level, the rally may continue. However, a failure to do so could lead to a pullback to the $1.01 support, erasing recent gains and potentially signaling the end of the bullish momentum.

If Cardano manages to hold $1.30 as support, the next target could be $1.50. A move above this level would further strengthen the bullish outlook, confirming that the current rally has legs. Such a scenario would invalidate the bearish thesis and signal continued growth, making $1.50 the next major resistance level.

#MicrosoftBTCInvestmentVote #CardanoSurCardanoSurge $ADA

Polygon (POL ex-MATIC) gets increased accumulation: $1 soon?

The Polygon token has reclaimed its position in the top 30 cryptocurrencies with a weekly price surge of ~50%. With this, this Ethereum-based Layer-2 altcoin is regaining momentum and preparing itself to achieve a multi-year high this bull run. We at CoinPedia have created an in-depth Polygon price analysis and possible short-term price targets.

After recording a new yearly low, the Polygon price has experienced a strong bullish reversal. This has resulted in this altcoin reclaiming an 8-month high. Moreover, the altcoin is on the verge of possibly breaching the resistance level of the channel pattern, highlighting increased bullish sentiment.

Moreover, with a surge of 143.36% during November, this altcoin has breached its resistance trendline of the descending channel pattern and has further formed an ascending channel pattern. Notably, this altcoin continues trading within it with a constant bullish price action.

The Moving Average Convergence Divergence (MACD) displays a constant green histogram in the 1D time frame. Moreover, with its averages recording a constant uptrend, the Polygon price may continue gaining momentum this week.

Maintaining the price above its support level of $0.690 could set the stage for this altcoin to prepare to retest its resistance level of $0.890. Furthermore, if the bullish momentum sustains at that point, this could result in it retesting its target price of $1.

Conversely, if the crypto market experiences an increase in liquidations, the POL coin price could retest its support level. Furthermore, if the bears dominate the crypto space, the MATIC price could retest its low of $0.50.

#Share1BNBDaily #Polygone $POL

Will Solana see extreme bullish reversal?

Solana (SOL) has been in a downward spiral over the past week. Since reaching a new all-time high of $264.63 on November 22, SOL has encountered a surge in selling pressure. This has caused its price to drop by almost 10% in the past seven days.

This decline has led to an uptick in long liquidations in the SOL futures market. With strengthening bearish sentiments, Solana long traders may face more losses. Here is why. 

Over the past week, SOL’s 8% price drop has wiped out $64 million in long positions from its derivatives market. 

This is a bearish signal for SOL because as Solana long traders attempt to avoid further losses to their investments, their selling pressure can increase and contribute to further downward movement in the market.

Notably, the decline in SOL’s price has led to a significant drop in activity in its derivatives market. This is reflected in the coin’s open interest, which currently rests at a weekly low of $3.34 billion. 

Solana’s Awesome Oscillator confirms the uptick in bearish bias toward the coin. As SOL’s price records a decline over the past week, the indicator has returned red histogram bars. 

If selling activity gains more momentum, SOL’s price will break below the crucial support level, formed at $231.54. A dip below this price point will send SOL’s price downward to $205.56. 

On the other hand, if buying pressure gains momentum, SOL’s price will climb toward its all-time high of $264.63.

#MarketBuyOrHold? #sol $SOL

Ripple could hit its highest price in 6 years

XRP's RSI currently sits at 72. This indicates a renewal of bullish momentum.

Ripple CMF is currently at 0.05, down from 0.10 when its price peaked at $1.63 a week ago, reflecting reduced capital inflows.

At 0.05, XRP’s CMF indicates slight bullish sentiment.

EMA lines remain bullish, with short-term lines positioned above long-term ones, signaling an ongoing uptrend. However, the narrowing gap between the lines suggests weakening bullish momentum, indicating a possible trend reversal.

If buying pressure strengthens and a new uptrend forms, XRP price could retest its recent high of $1.63. Breaking this level could push the price to $1.70, marking its highest value since 2018.

#MarketBuyOrHold? #Xrp🔥🔥 $XRP

Can XLM hit $1 this year? Let's find out!

The Stellar price has recorded a strong bullish recovery around its $0.43 mark. By hovering close to that psychological barrier since the week started, this altcoin has formed a resistance/support level around the price range. This further makes it a crucial watch level.

Specifically, with an intraday surge of over 14% with a trading volume of $4.233 billion, the Stellar price has reclaimed the $0.50 mark. Moreover, with the recent bullish candle, this altcoin has formed a flag pattern in the 1D time frame, suggesting a significant increase in the price action.

The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. This highlights an increase in the buying-over-selling pressure for the altcoin in the crypto market.

Further, the EMA 50/200-day has displayed a constant uptrend after experiencing a Golden Cross earlier this month. This suggests that the altcoin may continue gaining value in the upcoming time.

If the bullish sentiment sustains, the XLM coin price will breach its important resistance level of $0.50 and head toward its upper high of $0.60. Maintaining the price above that level could set the stage for this altcoin to retest its upper high of $0.70.

Conversely, if the bears outrun the bulls, the Stellar token will retest its support trendline of the flag pattern. Furthermore, if the bears dominate the crypto space, this could result in it plunging toward its lower support level of $0.40.

#MarketBuyOrHold? #Stellar $XLM

Solana faces $6 billion short bet as price drops 12% from peak

Solana (SOL) has faced increased selling pressure since it climbed to an all-time high of $264.63 on November 24. Exchanging hands at $232.72 at press time, the coin’s value has since dropped by 12%.

With waning bullish sentiment in the broader cryptocurrency market, this downward trend has prompted a surge in short positions, with traders betting on a further SOL price drop.

According to Coinglass, over the past 24 hours, the total value of Solana short positions has reached $6 billion, significantly outpacing long positions at $5.38 billion. This indicates a strong bearish sentiment among traders.

On the daily chart, SOL’s price is poised to break below its 20-day Exponential Moving Average (EMA). This indicator tracks the asset’s average price over 20 days, giving more weight to recent prices. 

Since October 11, it has consistently served as a dynamic support level for SOL. Currently, the 20-day EMA provides support at $226.52, and a decisive break below this level would confirm the shift toward bearish momentum. If this happens, the SOL price drop may reach $205.56.

On the other hand, if market sentiment becomes more bullish, SOL’s price may rally toward its all-time high of $264.63.

#MarketBuyOrHold? #solonapumping $SOL

XRP down as traders cash out. Brief analysis

XRP has witnessed a surge in selling activity since it climbed to a three-year high of $1.63 on November 23. Currently trading at $1.41, the altcoin has since noted a 13% price dip.

According to Santiment’s data, over the past seven days, XRP’s realized profits have totaled $1.84 billion, the highest since April 2021.

XRP currently trades at $1.41, above support formed at $1.33. Sustained profit-taking activity by token holders will pull XRP’s price to test this support level. If it fails to hold, the downward trend strengthens, and the XRP price dip may extend to $1.28.

On the other hand, this bearish projection will be invalidated if buying activity resumes. This may push XRP’s price toward revisiting its three-year high of $1.63.

#XRPMarketShift #MarketBuyOrHold? $XRP

Notcoin (NOT) rally targets new ATH with $0.010 breakout – analysis by CoinPedia

Over the past 24 hours, Notcoin (NOT) has increased by 4.85% and is currently trading at $0.0088. 

With the recovery rally in action, Toncoin and its high-ranking performer, Notcoin, are likely to make a bullish comeback.

With a market cap of $905.97 million, the 24-hour trading volume of Notcoin stands at $938 million. This results in a volume-to-market cap ratio of 102.81%, reflecting massive liquidity in the market.

In the daily chart, the Notcoin price action shows a falling-wedge breakout rally, gaining momentum. The pattern breakout rally has surpassed the 23.60% Fibonacci level at $0.0077 with a post-test reversal. 

The reversal rally peaked at the $0.010 psychological mark but failed to sustain the rally. Over the past 24 hours, the altcoin has increased by 30% to create two consecutive bullish candles. 

However, the intraday pullback of 6% reveals the massive overhead supply, followed by overnight rejection at the psychological mark. The bulls struggle to surpass the 38.20% Fibonacci level and the $0.0010 supply zone. 

Based upon price analysis, the $0.10 breakout rally must sustain dominance above the 50% Fibonacci level at $0.001. This will increase the credibility of a bullish run ahead. 

#NotPriceSurge $NOT

XRP at the crossroads: How bulls are sparking FOMO to hit $2 next – perspective by AMBCrypto

Certainly, after three years of a steady downtrend, XRP’s resurgence sparked renewed FOMO in the market. On the day XRP hit $1, active accounts on the XRP ledger surged to a yearly high of around 48K. However, within just a week, that number has dropped to 30K, reflecting a 37.5% decline.

These abrupt exits have disrupted the momentum needed to break the $2 barrier, leading to a more than 2% decline after it crossed the halfway point two days ago, with XRP currently priced at $1.46 (at the time of writing).

However, if the bulls lose confidence in XRP’s long-term potential, a pullback to around $1 could form a local bottom, offering an attractive entry point for new traders looking to capitalize on a rebound.

This places Ripple at a crossroads, where the next move will define whether the momentum will build toward $2 or retrace to new entry points around $1.

The coming days will likely show which side takes control in this tug-of-war. However, the bulls’ drive to keep XRP from falling after so many challenges gives them a strong psychological edge.

With continued confidence, the likelihood of breaking $2 grows, as bulls work to reignite FOMO in the market.

#GODINDataForAI #Xrp🔥🔥 $XRP

Solana may be set for the recovery. Here's why:

Data from Coinglass reveals that Solana’s Long/Short ratio on the 1-hour timeframe has climbed to 1.17. A ratio above 1 suggests a higher number of traders betting on a price increase compared to those anticipating a decline.

Currently, 54% of Solana traders hold long positions, while 46.17% expect a drop below $255.

On the weekly chart, Solana’s price has surged above the 20 and 50 Exponential Moving Averages (EMAs), key indicators that measure trends. 

With SOL currently priced at $255, above both EMAs, the altcoin seems poised to continue its upward direction. The formation of a bull flag further supports this bullish outlook.

As long as the price remains above the upper trendline of the consolidation phase, it could rise toward $325. However, if selling pressure takes hold, this bullish scenario could shift. In that case, SOL might fall below $200.

#GODINDataForAI #Solana_Blockchain $SOL

Stellar (XLM) up 69%, ATH draws closer – analysis

Stellar (XLM) has been steadily gaining momentum in recent days, currently trading at $0.52 — a 127% increase over the past week.

XLM is currently trading just below a key resistance level at $0.58. Breaking through this critical price point could pave the way for a surge to $0.71. Sustained buying momentum at this level may position XLM to reclaim its all-time high of $0.91.

Furthermore, readings from its Average Directional Index (ADX) confirm this bullish outlook. As of this writing, XLM’s ADX is in an upward trend at 68.945.

Also, XLM’s rising open interest indicates heightened market activity and confirms strong investor confidence. On Saturday, the token’s open interest climbed to an all-time high of $291 million. 

However, if buyer exhaustion sets in, XLM’s price will fall toward support at $0.47, invalidating this bullish outlook.

#GODINDataForAI #Stellar $XLM

🚀PEPE may be poised for a new ATH. Here's why

Following the channel breakout rally in PEPE price creating an ATH in November, the meme coin shows a post-retest rally. As the bull run restarts in PEPE, bulls anticipate the rally to create a new ATH next week.

In the daily chart of PEPE, the meme coin shows a bullish recovery, regaining momentum. The ongoing recovery trend started near the $0.000075 with a Morning Star pattern. 

This rally peaked at nearly 200%, nearly $0.000025. However, the falling channel breakout rally took a quick retest of the previous all-time high near the $0.000017223. 

The 10% surge last night, creating a bullish engulfing candle, ended the five-day consecutive red-candle streak. It also marked the post-retest bounce back for the meme coin. 

Currently, the bull run is extended with an intraday gain of 2.79% as the PEPE price trades at $0.00002126. 

Using the trend-based Fibonacci levels, the uptrend is approaching the 23.60% Fibonacci level at $0.00002303. Considering that the recovery run of the broader market will be prolonged, the PEPE price bull run is likely to reach $0.00002989 by the end of November. 

Hence, the PEPE price will explode with a massive upside of 40% in the next week. On the flip side, the $0.00001879 will likely provide bullish support. 

#AltcoinNextMove #pepe⚡ $PEPE

🔥SUI maintains $3 after two-hour outage

Yesterday, the Layer-1 blockchain Sui experienced a two-hour blackout, halting block production and rendering transaction processing impossible. This network outage led to a slight dip in SUI’s price, falling from $3.73 to $3.64.

Around 10:52 UTC, web3 security firm ExVull disclosed that a DOS bug caused the Sui network outage. Fully known as a Denial-of-Service (DoS) attack, the bug” refers to a software attack that overwhelms a system with excessive traffic or requests, causing it to become unavailable to legitimate users by crashing or severely slowing its functionality.

Following this development, several exchanges halted SUI transactions as the price also dipped a little. However, nearly two hours later, the project updated its community, saying that validators had assisted in resolving the issue.

Consequently, on a daily chart, SUI continues to trade within an ascending channel. An ascending channel, also called a rising channel or channel up, is a chart pattern defined by two parallel upward-sloping lines. 

It forms when the price shows higher swing highs and higher swing lows, indicating an ongoing uptrend. Furthermore, the Chaikin Money Flow (CMF) has increased, suggesting that buying pressure has outpaced distribution.

If this continues, SUI’s price could climb above $4. However, if a Sui network outage occurs again, this might not happen. In that scenario, the value could drop below $3.

#SUI🔥 $SUI

🚀SOLANA HITS NEW ATH: $264. Is $300 the next target?

As Bitcoin surpasses the $99,000 mark, with a new all-time high of $99,314, Solana shares the momentum to hit a new ATH. With a 10% surge in the last 24 hours, the bull run in SOL price powers tailwinds for other altcoins. 

In the weekly chart, the SOL price action showcases a descending triangle breakout rally, completing a cup and handle pattern. This pattern breakout with the neckline at the $249 mark has resulted in a new all-time high for Solana. 

Currently, it is trading at $257, with a 24-hour high of $264. As the bullish trend continues, SOL price action is on the verge of completing the third consecutive bullish week. 

As Solana is trading at uncharted levels, the underlying bullish momentum is teasing an uptrend continuation. Furthermore, with the broader market recovery at play and Bitcoin inching closer to the $100,000 mark, Solana is likely to hit the $300 mark. 

What is more, MACD is also showing a strong bullish reading via positive crossover and a spike of bullish histograms.

Based on the Fibonacci levels, the upside price target for Solana is at $602.92. This price coincides with the 1.272 Fibonacci level on the logarithmic chart and makes $300 a potentially easy target.

On the flip side, a retest of the $250 breakout is possible if the buying pressure recedes. 

#SOLHitsATH $SOL

What is holding Cardano (ADA) from $1? – BeInCrypto analytics extract

Cardano (ADA) price has surged 41.89% in the last seven days, signaling strong bullish momentum in the market. The uptrend remains strong, supported by key technical indicators like the ADX, which point to sustained positive sentiment.

Specifically, Cardano DMI chart shows an ADX of 46, indicating a strong trend. The metric has remained above 40 since November 7. This high ADX value confirms the robustness of ADA ongoing uptrend, signaling solid momentum behind the recent price movements.

With the positive directional index (D+) at 28.6 and the negative directional index (D-) at 7, bullish pressure continues to outweigh bearish activity, further supporting the upward trajectory.

If Cardano (ADA) maintains its strong uptrend, it could test the resistance at $0.85. Breaking this level could pave the way for further gains, with the potential to reach the $1 threshold, marking a 20% rise from current levels and the highest price for Cardano since April 2022.

However, if bearish momentum takes over, ADA price could face significant downward pressure, potentially dropping to $0.51.

If this support fails, the price could decline further to $0.32, representing a steep 59% correction. This highlights the importance of the current support and resistance levels in determining ADA’s next direction.

#CardanoPricePrediction #ADABullish $ADA

XRP Launches a Bullish Attack as Gensler Steps Down as SEC’s Chair 

In a recent update, SEC Chair Gary Gensler, who was pretty stringent on the crypto community, is all set to step down from his position. The president-elect, Donald Trump, in his election campaign had assured to remove him. Still, this move ahead of the induction of the new government is expected to kick-start a fresh upswing within the crypto markets. Soon after this, the Bitcoin price broke out of the range and is about to achieve the milestone; meanwhile, the XRP price launched a 25% rise to secure levels above $1.3. 

The historical pattern suggests the XRP price is trying to follow the previous run, which triggered a massive rally towards the ATH. Presently, the price has broken out from a similar decisive triangle and if it replicates the previous one, then the token may face a small pullback before triggering the next price action. However, the changed market sentiments are expected to revive a strong ascending trend towards the new ATH, probably forming a double-digit figure. 

Meanwhile, the volume remains the major constraint. Previously in 2018, there were a bunch of cryptos for the traders to invest in. However, with the emergence of memecoins, AI tokens, DeFi tokens, etc., the XRP price may not alone attract massive liquidity. Therefore, the bull run may certainly not replicate the previous one, but the XRP price remains primed to form a new ATH close to $5, probably in 2025. 

#GaryGenslerResignation #Xrp🔥🔥 $XRP