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📊 Shiba Inu (#SHIB ) Jumps 40% in Volume as Bulls Eye Golden Cross Breakout The popular meme-inspired cryptocurrency Shiba Inu (SHIB) saw more than 40% growth in trading volume today, according to data from CoinMarketCap. Currently, Shiba Inu tokens have a combined turnover of nearly $400 million on the spot markets. This development comes as the price of SHIB is up over 6.1% in today's trading session. The Shiba Inu token is now trading at a valuation of $0.0000179 per SHIB. The popular meme cryptocurrency has not been this high since late October, and in fact has been under selling pressure for the past five days. However, today's candle has absorbed all of this downward movement and has now hit a dynamic resistance level, represented by the 23-day moving average. At the same time, a golden cross continues to form on the price chart of Shiba Inu as the 50-day moving average continues to rise and the 200-day moving average continues to fall. When both curves cross, a golden cross can be formed. 🔸 What's next for Shiba Inu (SHIB) ? According to the laws of technical analysis, this pattern is considered a bullish signal, and the history of SHIB's price has repeatedly shown growth on the background of its occurrence. The last time such a phenomenon occurred was in December 2023, and then the price of Shiba Inu token at the peak grew by 454%, having taken a trip from $0.0000083 to $0.00004567. Until a few days ago, amid a series of red bars, there were doubts whether the long-awaited golden cross would happen or whether plans for it had come to an end. Today, however, the bullish behavior of SHIB seems to re-raise the question of what awaits the price of the meme coin.
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📈 BTC Dynamics After Elections As statistics show, Bitcoin grows in any case in an election year, and it doesn’t care who wins. 🔺 2016, September-January: +60% 🔺 2020, September-January: +183% The pace of growth may depend on the elections, but the global goals remain unchanged 🔼 #BTC #Bitcoin
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🐋 Solana Smart Whale Sells $44M SOL For Profit, What's Next? A Solana smart whale sold massive amounts of coins as the trader made remarkable profits on his holdings. However, the market remains optimistic on SOL despite the selloff. A Solana smart whale has once again sparked a buzz across the broader crypto space on Monday, selling nearly $44 million worth of SOL and making colossal profits. Recent on-chain data suggests that a smart whale bagged nearly 0.5 million coins previously, selling some of it now to make massive profits. This massive selloff and profit-making saga has garnered significant attention among market watchers, as the whale still holds considerable amounts of the same crypto, indicating that further gains in SOL price may be witnessed. 🔸 Solana Smart Whale Sells $44M SOL For Profit Sparking Investor Optimism As per on-chain data revealed by Lookonchain dated November 4, a smart whale sold 265,070 SOL, worth $43.96 million, to one of the leading crypto exchanges Binance making profits. Notably, the whale bagged 500,862 SOL, worth $11.81 million at the time of accumulation, between August 7 and October 23, 2023. This purchase now evaluates to roughly $81.14 million, marking a phenomenal gain for the trader. Apart from the selloff, this Solana smart whale address holds $24.72 million worth of JitoSOL and 126,631 SOL worth $20.58 million, per Lookonchain data. Overall, the existing holdings, boasting a profit of $87 million on SOL, sparked noteworthy market optimism for the crypto across the broader market. 🔸 SOL Price To Gain Further? SOL price encountered quite the turbulence over the past day, down marginally by 0.5% to $162 at the time of reporting. Its intraday low and peak were registered to be $158.14 and $164.71, respectively. Although the coin showcases volatility amid recent market trends, the monthly chart for the same underscores 12% gains. This broader bullish trajectory hints that the coin still has the potential to pump. #SOL #Solana
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🐸 Pepe Coin Price Prediction: Analysts Forecasts 1,400% Surge as Historical Patterns Resurface Analysts predict a 1400% surge for Pepe coin price as historical patterns and wave analysis signal a major rally. During the Monday Asian market session, the cryptocurrency market showcased a neutral stance after a notable correction last week. As the pioneer cryptocurrency, Bitcoin, holds its position above $68,000, the altcoin market shows potential for bottom formation. Amid the U.S. presidential election, crypto analysts highlight a repetitive pattern in Pepe coin price prediction, signaling the potential for a 1,400% surge. 🔸 Analysts Predict 1,400% Rally for Pepe Coin Price Prediction as Historical Patterns Emerge In a recent tweet, crypto analyst Waleed.Eth shared an interesting wave formation in Pepe coin price prediction, which sparked the bull run from February to May 2024. The initial allocation marked in mid-2023 sets the stage for a defined Wave 1, characterized by progressive upward movement and resistance points labeled as Top 1 and Top 2. Furthermore, the PEPE price witnessed a post-rally correction to recuperate the exhausted bullish momentum for the actual rally. The downturn offers a fake breakdown below the 200 Exponential moving average as a shake-out to remove weak hands from the market and attract long-term investors. Over the past eight months, the PEPE coin price prediction showed a similar structure of 2 tops and a fake breakdown below the 200 EMA. If history repeats, the analysts predict a third-wave rally for Pepe coin to target $0.000118, registering a potential growth of 1400%. Consecutively, the asset’s market cap could hit $50 Billion. 🔸 Short-Term Investor Risks Grow as MVRV Drops Below Zero According to Santiment data, the 30-day Market Value to Realized Value (MVRV) ratio recently dropped to -16%. The MVRV indicator is crucial for assessing overbought or oversold conditions, signaling potential market reversals and opportunities for strategic accumulation. #Pepe #pepecoin
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🔥 DOGE, XRP Surprisingly Outperformed All Cryptos As cryptocurrency markets are losing steam after the bullish completion of "Uptober," some veteran cryptocurrencies are performing surprisingly well. By contrast, popular new meme coins like Popcat (POPCAT) are in red. 🔸 DOGE, XRP, XMR: Top gainers in crypto you did not expect Dogecoin (DOGE), the oldest meme coin and largest meme cryptocurrency by market capitalization, is the leader of the top 100 cryptos by market performance. In the last 24 hours, its capitalization added 3.7% and exceeded the impressive $23 billion level. In the last seven days, Dogecoin (DOGE) also outperformed all competitors with a 9% upsurge. In total, the capitalization of the meme coin segment dropped by 0.6% overnight. Popcat (POPCAT) is the worst performer here, with 11.7% in value erased overnight. The largest cat-themed crypto lost its place in the top 50. Popular meme coins Floki (FLOKI), Pepe (PEPE) and Based Brett (BRETT) are also in the red. Floki (FLOKI) saw its capitalization dropping below $1.2 billion. XRP, one of the oldest altcoins, also shines bright, adding 1.7% amid dominant market apathy. Its capitalization targets the $30 billion mark. 🔸 $228 million liquidated as Bitcoin (BTC) yet again disappoints bulls Monero (XMR), the largest privacy-centric cryptocurrency, is yet another unexpected member of the top gainers' list. Monero (XMR) added 1% and is ready to conquer the $3 billion capitalization level. A month ago, Kraken, the last major exchange with Monero (XMR) support, was forced to blacklist the asset from European users. Today, the market benchmark is down by 1.2%. The largest cryptos, Bitcoin (BTC) and Ethereum (ETH), added 0.6% each. In total, over $228 million in crypto positions (70% longs) were liquidated in the last 24 hours as Bitcoin (BTC) failed to stay above $70,000. Bitcoin's (BTC) drop below $68,000 pushed the Fear and Greed Index to 70/100, the lowest in 10 days. #Doge #XRP
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