Date: Thu, Jan 02, 2024, 05:30 AM GMT
The cryptocurrency market is showing signs of recovery today, rebounding from its correction phase that began last month. Bitcoin (BTC), which recently dropped to a low of $92,000 on December 31, has now recovered to its current level above $95,000.Amid this market-wide correction, XRP experienced a pullback after its impressive rally in November. Its monthly gains have now narrowed to 13%, mirroring the broader market's consolidation.
However, $XRP is once again gains momentum with a strong bounce, registering a double-digit rally of over 10% and currently trading at $2.37.

Source: Coinmarketcap
Bounce from Key Support
XRP’s recent decline was primarily due to a rejection at the $2.90 resistance level—the upper boundary of a symmetrical triangle pattern, as illustrated in the chart. This rejection led to a retracement, testing the triangle's lower support level of triangle multiple times.
Today, XRP has managed a strong rebound from the $2.00 support zone, pushing its price to the current level of $2.38. It is now approaching the triangle's upper resistance near $2.49.

XRP 4H Chart Analysis/ Coinsprobe
The technical indicators are signaling potential bullish momentum for XRP. The MACD (Moving Average Convergence Divergence) has displayed a bullish crossover, indicating that upward momentum could be building.
Additionally, the RSI (Relative Strength Index) has risen above the 50-level mark, suggesting improving strength among buyers and a possible continuation of the upward trend.
What’s Next for XRP?
If XRP continues its upward trajectory, it could retest the symmetrical triangle's upper resistance around $2.49. A decisive breakout above this level might trigger further bullish momentum, with the next significant target at $2.90. Beyond $2.90, XRP could aim for new highs if market conditions remain favorable.
However, failure to breach the resistance could result in another pullback, potentially retesting the support level of triangle. Traders should remain cautious and watch the price action closely within the triangle formation.
Conclusion
XRP’s ability to hold its key support level at $2.00, coupled with bullish signals from the MACD and RSI, suggests that a recovery is on the horizon. A breakout above $2.49 could pave the way for a renewed rally, but traders should remain vigilant for any signs of weakness that might lead to further downside.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#XRP #NFA

Date: Thu, Jan 02, 2024, 07:20 AM GMT
The cryptocurrency market is showing signs of recovery today, rebounding from its correction phase that began last month. Bitcoin (BTC), which recently dropped to a low of $92,000 on December 31, has now recovered to its current level above $95,000.
Amid this bounce, Cardano (ADA) has gained significant traction, surging over 8% to trade at $0.93.

Cardano (ADA) Price 02 Jan
Falling Wedge Breakout
ADA's recent price action was influenced by a rejection at the $1.32 resistance level, forming the upper boundary of a falling wedge pattern, as depicted in the chart. This rejection led to a pullback, with the price repeatedly testing the wedge's lower support level.

Cardano (ADA) 4H Chart/ Coinsprobe
However, $ADA has successfully broken out of the falling wedge's upper resistance at the $0.87 level. This breakout has propelled its price to the current $0.93, nearing a critical horizontal resistance level at $0.96.
If ADA sustains this momentum and breaches the $0.96 resistance, it could pave the way for further gains. The next key resistance levels lie at $1.12 and $1.32, representing potential upside gains of approximately 43% from the current price.
Technical Indicators
The MACD (Moving Average Convergence Divergence) indicates a bullish crossover, signaling the potential for upward momentum in ADA's price. Additionally, the RSI (Relative Strength Index) has climbed to 49.74, approaching the critical 50-mark, which reflects improving bullish sentiment and suggests growing buying pressure in the market.
Will The Next Move Trigger A Surge?
The breakout from the falling wedge pattern is a positive development for ADA, but a sustained push above $0.96 will be critical for confirming a broader upward trend. If ADA clears this resistance, the path to $1.12 and beyond becomes more likely, potentially driving significant gains for investors.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Cardano #NFA

Date: Thu, Jan 02, 2025, 12:20 PM GMT
The cryptocurrency market is showing signs of recovery today, rebounding from its correction phase that began last month. Bitcoin (BTC), which recently dropped to a low of $92,000 on December 31, has now recovered to its current level above $96,000.
Amid this recovery, top altcoins like Sui (SUI) and Hedera (HBAR) are gaining momentum, making noticeable surges in the past 24 hours. SUI has rallied over 6%, while HBAR has climbed more than 8%.

Source: Coinmarketcap
This recent rebound brings these tokens to crucial resistance levels, raising anticipation about potential breakouts. Let’s analyze their current positions and technical patterns:
Sui (SUI):
$SUI is currently trading near a critical resistance at $4.41. The chart shows a symmetrical triangle pattern, a classic indicator of market indecision. This pattern often results in a significant breakout, either bullish or bearish.

Sui (SUI) 4H Chart/ Coinsprobe
Key Indicators: MACD is crossing bullishly, suggesting upward momentum is building.
RSI at 66 indicates strong buying pressure but remains below the overbought zone, leaving room for further upside.

If SUI breaks above the triangle’s upper trendline, it could target the $4.84 level, its all time high and technical resistance zone. Conversely, failure to break resistance might see it retesting the $4.16 support.
Hedera (HBAR):
$HBAR has similarly formed a symmetrical triangle pattern on its 4-hour chart, trading just below the $0.30 resistance level.

Hedera (HBAR) 4H Chart/ Coinsprobe
Key Indicators: MACD shows early signs of bullish momentum, as the histogram flips positive.
RSI at 60 reflects growing buying pressure but remains balanced, indicating the potential for further movement.

A breakout above $0.30 could push HBAR toward $0.40, a significant resistance level observed in previous market rally. However, a breakdown might bring it back to $0.27 support.
Will the Breakouts Follow?
Both SUI and HBAR are trading near key resistance levels, with technical indicators pointing to a potential upside move. However, Bitcoin dominance, which has dropped to 57.39% today, could play a crucial role in determining the market's direction.
If BTC dominance continues to decline, we can anticipate breakouts in altcoins like SUI and HBAR as traders diversify away from Bitcoin into high-potential altcoins.
While the technical setups are promising, the broader market sentiment and BTC’s price action will remain decisive in the days ahead.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Altcoins #NFA

Date: Wed, Jan 01, 2024, 04:52 PM GMT
The cryptocurrency market has begun the new year with a continuation of the bearish momentum that marked December. Bitcoin (BTC) has retreated from its all-time high of $108,000 and is now trading above $93,000.Amid this market correction, Polkadot (DOT) has faced substantial selling pressure, recording a 24% decline over the past month and trading at $6.79 at the time of writing.

Source: Coinmarketcap
Despite this, a promising technical pattern suggests a potential reversal might be on the horizon, as highlighted by prominent crypto analyst @JohncyCrypto.
Retesting Its Falling Wedge Breakout
Polkadot is currently in the process of retesting a key breakout from a falling wedge pattern on the weekly chart. This bullish formation typically signals a potential trend reversal, and the fact that $DOT is holding above the broken wedge adds weight to the bullish case.
At the current price level of $6.7, Polkadot is consolidating just above the breakout level. This zone is critical as it could determine whether the token sustains its upward trajectory or faces further downside.

Source: @JohncyCrypto (X)
According to @JohncyCrypto:
Polkadot has successfully broken out of the long-term descending wedge and is now retesting the breakout level.The current consolidation above the breakout line indicates bullish strength.If the retest holds, DOT could target resistance levels at $11, $16, and ultimately $24 in the coming weeks.
The 50-week moving average (MA 50) is also playing a significant role, and a sustained move above it could confirm a stronger bullish reversal. Volume spikes during the breakout and retest phases further support the possibility of upward momentum.
Could a Reversal Be Near?
The broader market context also plays a pivotal role. Bitcoin dominance currently stands at 57.89%. A decline in dominance could signal a shift of capital from Bitcoin to altcoins, benefiting tokens like Polkadot.
However, caution remains necessary. If DOT fails to maintain its position above the breakout level, the price could revisit lower support zones, with $5.87 or even $5.0 as potential downside targets.
Conclusion
Polkadot's successful breakout from a falling wedge and its ongoing retest signal a potential reversal and upward trajectory. At the current price level of $6.7, DOT is at a critical juncture, with key resistance levels at $11, $16, and $24 in sight. The coming weeks will be crucial in determining DOT’s future direction. Traders should monitor the breakout level closely as failure to hold could lead to further corrections.
Get more updates om: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.
#Polkadot #NFA

Date: Wed, Jan 01, 2024, 06:03 AM GMT
he cryptocurrency market has started the new year with signs of recovery following December's significant correction. Bitcoin (BTC), which hit an all-time high of $108,000, has now retraced to levels above $93,000. This bearish wave affected top altcoins, including Stellar (XLM), which saw a pullback after an impressive rally in NovemberHowever, amid the recent correction, XLM’s monthly gains have shrunk to almost 35%, but today, the token is regaining momentum with a notable 6% gain as it approaches a potential breakout.

Source: Coinmarketcap
XLM's Technical Setup: Falling Wedge Pattern in Focus
XLM’s recent decline stemmed from a rejection at the $0.63 resistance level, which marks the upper boundary of a falling wedge pattern (as shown in the chart). This pullback led to several tests of the wedge's lower support level, highlighting strong buy demand near these zones.

Stellar (XLM) 4H Chart/ Coinsprobe
Currently, $XLM has shown a sharp bounce off the wedge’s lower boundary and is now trading at $0.3518, close to the wedge’s converging point. Historically, falling wedge patterns indicate a potential bullish breakout, and XLM seems to be following this textbook setup.
The MACD (Moving Average Convergence Divergence) histogram is gradually moving upward, signaling that the bearish momentum is starting to fade. A potential crossover in the MACD lines could further confirm the emergence of a bullish trend in the upcoming sessions.
Similarly, the RSI (Relative Strength Index) is recovering from oversold levels and is currently at 41, indicating increasing buying pressure. This growing momentum could bolster XLM's chances of breaking out above the wedge's upper resistance, paving the way for further upside.
What’s Next for XLM?
If XLM can sustain its current momentum and break above the $0.3524 resistance, it could target higher levels at $0.46 and eventually $0.63. These levels represent a potential 74% gain from the current price, as indicated in the chart.
However, failure to break out of the wedge could result in another retest of the lower support zone around $0.33. Traders should closely monitor these levels for directional clarity.
Conclusion
XLM is showing promising signs of recovery as it gains momentum near the wedge’s breakout zone. With bullish signals from the MACD and RSI, the token has the potential to challenge its next resistance levels. However, a confirmed breakout is crucial for sustained upward movement.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.

Date: Wed, Jan 01, 2024, 04:43 AM GMT
The cryptocurrency market has kicked off the new year with signs of recovery after a notable correction throughout December. Bitcoin (BTC), which recently reached an all-time high of $108,000, has now retraced to levels above $93,000.
This bearish sentiment has impacted top altcoins, including XRP, which saw a pullback after an impressive rally in November. The rally was primarily driven by Donald Trump's election victory and the resignation announcement of SEC Chair Gary Gensler.
However, amid the recent correction, XRP's monthly gains have shrunk to 13%.Meanwhile today, $XRP appears to be regaining strength, making notable gains of over 4%. The current price action indicates the potential for a rebound.

Source: Coinmarketcap
XRP Price Action: Holding Key Support
XRP’s recent decline was triggered by a rejection at the $2.90 resistance level, the upper boundary of a symmetrical triangle pattern (as shown in the chart). This rejection led to a pullback, testing the triangle's lower support level multiple times. Historically, XRP has demonstrated resilience at these levels, and the recent bounce off the $2.00 support zone is no exception.

XRP 4H Chart/ Coinsprobe
Currently, XRP is trading at $2.10, just above this crucial support level. The symmetrical triangle pattern remains intact, providing a clear framework for potential price movements.
The MACD (Moving Average Convergence Divergence) is nearing its bottom, indicating diminishing bearish momentum. The RSI (Relative Strength Index) is also approaching oversold levels, signaling that the selling pressure might be easing.
What’s Next for XRP?
As the $2.00 support holds, XRP has the potential to stage a recovery and retest the upper resistance of the triangle around $2.46. A breakout above this level could pave the way for further bullish momentum, with the $2.90 resistance zone coming back into focus.
Conclusion
XRP’s ability to hold its key support level and the bullish signals from MACD and RSI suggest that a recovery could be on the horizon. However, a failure to maintain the $2.00 level might lead to further downside. Traders should keep an eye on the symmetrical triangle pattern for clues about XRP's next move.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#XRP #NFA

Date: Wed, Jan 01, 2024, 10:28 AM GMT
The cryptocurrency market has entered the new year with continued downward momentum, following a broader correction that started in December. Bitcoin (BTC) has pulled back from its all-time high of $108,000 and is now trading above $93,000.
Amid this bearish trend, the decentralized permanent storage token Arweave (AR) has also faced significant selling pressure, registering a 33% monthly decline and trading at $16.52 at the time of writing.

Source: Coinmarketcap
However, technical indicators suggest that AR may be setting up for a bullish reversal. Prominent crypto chart analyst @JohncyCrypto has highlighted a critical technical setup that could define AR’s price trajectory in the near term.
Key Insights from the Chart
As per analyst, Arweave (AR) is testing the lower boundary of a symmetrical triangle pattern on the daily timeframe, a structure that frequently precedes significant price movement. The $15.00 -$16.50 range is acting as a critical support zone, with a strong bounce from this level potentially setting the stage for bullish momentum.

Source: @JohncyCrypto (X)
If the support holds, $AR could target several key resistance levels:
$22.00: The immediate resistance, signaling the start of upward momentum.$29.00 and $35.50: Mid-range targets that could attract additional buying pressure.$46.50: The apex resistance, marking a possible breakout zone into new highs.
Additionally, the 100-day moving average (MA 100) is a key technical indicator to watch. A breakout above this level would confirm a trend reversal and further solidify the bullish outlook. Volume is showing subtle increases, and the RSI (Relative Strength Index) is approaching oversold territory, both of which reinforce the likelihood of a rebound.
Possible Scenarios
Bullish Case: A successful bounce from the current support zone could push AR toward the resistance levels mentioned above. If AR manages to break out above $46.50, it could signal a strong bullish trend and open the door to further upward movement.Bearish Case: Failure to maintain the $15.00-$16.50 support zone might result in a deeper correction, with AR potentially revisiting lower psychological levels at $13.00.
Conclusion: Could a Bounce Lead to a Breakout?
As Arweave (AR) tests the critical support zone within a symmetrical triangle, the potential for a bounce raises optimism for a bullish breakout. If the current support at $15.00-$16.50 holds, AR could aim for key resistance levels at $22.00, $29.00, $35.50, and ultimately $46.50. A breakout above the upper resistance could signal the start of a new upward trend.
However, failure to maintain this support might lead to further downside, with possible retests of lower levels at $13.00 . Traders should remain cautious and monitor the price action closely, as the coming days could be pivotal for AR's future trajectory.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and consult a professional advisor before making any investment decisions.
#Arweave #NFA

Date: Tue, Dec 31, 2024, 05:10 PM GMT
The cryptocurrency market has been on a downward trend throughout December, with Bitcoin (BTC) retreating from its all-time high of $108,000 to current levels above $94,000. Amid this broader correction, the price of GALA, the gaming token, has also taken a significant hit, recording an 20% monthly decline and currently trading at $0.03468.

Source: Coinmarketcap
However, recent price action suggests that GALA might be positioning itself for a bullish reversal, as observed by prominent crypto chart analyst @JohncyCrypto.
Analyst Insights
On the 3-day chart, $GALA appears to have completed a retest of the broken descending triangle—a technical pattern that typically signals the end of a bearish trend.

Source: @JohncyCrypto (X)
Key highlights from the analysis include:
Key Support Test: GALA is currently testing a crucial support level at $0.033, which previously served as a resistance zone during its earlier downtrend.Breakout Retest: The retest of the descending triangle breakout could confirm a shift in trend if buyers regain control.Upside Potential: Should GALA bounce from the $0.033 support zone, potential price targets include $0.065, $0.150, and $0.370, representing significant upside potential for traders and investors.
Is a Bounceback Ahead?
GALA's ability to maintain the $0.033 support is critical for a potential recovery. Broader market dynamics, particularly Bitcoin dominance (currently at 58%), will also play a pivotal role. A decline in Bitcoin dominance could lead to increased capital flow into altcoins, potentially benefiting GALA.
Moreover, the Relative Strength Index (RSI) suggests that GALA is not yet overbought, leaving room for upward momentum if buying pressure increases. Volume profiles also indicate an increase in interest around the support zone, which could act as a catalyst for a bounce.
Conclusion
While GALA’s short-term outlook hinges on its ability to hold the $0.033 support, the technical setup offers a glimmer of hope for bulls. A sustained bounceback could see the token rally toward its key targets, aligning with broader altcoin recovery trends. However, traders should remain cautious and monitor market conditions closely, as further Bitcoin volatility could influence GALA’s trajectory.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#GALA #NFA

Date: Tue, Dec 31, 2024, 09:39 AM GMT
The cryptocurrency market has been under pressure over the last two weeks, with Bitcoin (BTC) retreating from its all-time high of $108K to its current price of $93K. This correction has also affected top memecoins, including Shiba Inu (SHIB) and Bonk (BONK), which have both experienced an average decline of 30% over the past month.

Source: Coinmarketcap
Amid this, both coins are now nearing critical breakout levels that could mark the beginning of significant upward moves.
Shiba Inu (SHIB):
Shiba Inu (SHIB) is currently trading at $0.0000212 and approaching a major resistance level at the upper boundary of a falling wedge pattern. This pattern, which has been forming over the last several weeks, is often a precursor to a bullish breakout.

Shiba Inu (SHIB) 4H Chart/ Coinsprobe
The Relative Strength Index (RSI) is hovering near oversold levels at 37.65, signaling that selling pressure may be easing. Meanwhile, the Moving Average Convergence Divergence (MACD) is showing signs of a potential bullish crossover, as bearish momentum gradually fades.
If $SHIB can break above the wedge's resistance at $0.0000226, it could trigger a significant rally, with the next major target at $0.0000334. This would represent a gain of 56% from current price levels. However, failure to break out of the wedge could result in a retest of lower support at $0.000020, which may present an opportunity for accumulation.
Bonk (BONK):
Similarly, Bonk (BONK) is also showing signs of an impending breakout as it approaches the upper resistance of its falling wedge formation. Trading at $0.00003141, BONK has been consolidating for weeks but now appears to be building momentum.

The RSI for $BONK is at 43.88, suggesting that there is room for upward movement if buyers step in. The MACD indicator also reflects a waning bearish trend, with the potential for a shift in momentum.
A successful breakout for BONK could pave the way for a rally toward $0.000040 and even $0.000049, marking potential gains of up to 54%. On the other hand, failure to surpass the resistance could lead to a pullback to the lower support level at $0.00002950.
Conclusion:
Both Shiba Inu and Bonk are at critical inflection points, with the potential for significant upward movements if they break out of their respective falling wedge patterns. The broader cryptocurrency market's stabilization and improving sentiment provide a supportive backdrop for these memecoins.
However, traders should remain cautious and wait for clear breakout confirmations before making any decisions. Failure to break these key levels could lead to temporary declines, offering opportunities for long-term investors to accumulate at lower prices.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consult with a professional before making investment decisions.
#Memecoins #NFA

Date: Tue, Dec 31, 2024, 07:35 AM GMT
In the cryptocurrency market, the bearish clouds of correction that have dominated December have caused significant retracements across major tokens. Bitcoin (BTC), after hitting a record high of $108K, has slid to $92K. JasmyCoin (JASMY), one of the altcoins that experienced an impressive rally in November, is also witnessing a retracement. Its monthly gains have shrunk to just 11%, and it is currently trading at $0.3179.

Source: Coinmarketcap
Analyst Highlights Key Setup
Chart analyst @Notofworks7 has identified a Bullish Bat Harmonic Pattern on JasmyCoin's chart, suggesting a potential price reversal in the coming days. The pattern is a widely recognized harmonic structure that traders use to predict market movements.

Source: @Notofworks7 (X)
Key highlights of the Bat Harmonic setup:
XA Leg: The price peaked at the $0.06 level before starting its downward retracement, marking the first leg of the harmonic pattern.AB Leg: A correction occurred at the 42.8% Fibonacci retracement level, which aligns with Bat pattern requirements.BC Leg: The price bounced off the 75.4% Fibonacci level, maintaining structural integrity for the harmonic.CD Leg: The final retracement is approaching the 88.2% Fibonacci level, marked at approximately $0.032, which is considered the critical "D" point for a bullish reversal.
The Bat Harmonic pattern indicates that if the price bounces back from the "C" zone, which could drop to as low as 0.886 (just below 3 cents), it might trigger a bullish reversal, potentially driving $JASMY to $0.06 or higher.
Bullish Sentiment Ahead?
While the pattern indicates a bullish setup, it depends on the price holding above the identified support zone and broader market recovery. If successful, JasmyCoin could see a significant rally, especially as its previous rally momentum remains fresh in traders' minds.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Jasmycoin #NFA

Date: Tue, Dec 31, 2024, 04:21 AM GMT
The cryptocurrency market has experienced a notable correction throughout December. Bitcoin (BTC), which recently hit an all-time high of $108,000, has retreated to $92,000. This bearish sentiment has affected top altcoins as well, with XRP seeing a pullback after a strong rally in November. Its monthly gains have now shrunk to 7%, reflecting the broader market's consolidation.

Source: Coinmarketcap
Analyst Highlight 2017 Rally Setup
Prominent crypto analyst @JavonTM1 pointed out an intriguing similarity between XRP’s current setup and its legendary 2017 rally. According to his analysis, XRP's current 3-day chart mirrors the price action observed during its massive 2017 breakout. Back then, XRP entered a "symmetrical triangle" pattern, saw a false breakdown, and then exploded upwards, marking one of the most dramatic rallies in crypto history.
Chart Analysis: 2017 Setup
In the 2017 cycle, XRP initially broke out of a symmetrical triangle pattern and entered what Javon described as an "Intermission Phase."

Source: @JavonTM1 (X)
This consolidation period served as a launchpad for the next leg of the rally, which saw XRP's stellar surge.
Chart Analysis: 2024 Setup
Fast forward to today, and XRP’s price action is eerily similar. In the 2024 chart, XRP has recently broken out of another symmetrical triangle pattern following a brief false breakdown.

Source: @JavonTM1 (X)
Currently, the price is consolidating around the $2.00-$2.80 range, resembling the "Intermission Phase" from 2017. Analysts believe this setup could lead to another explosive rally if history repeats itself.
What’s Next for XRP?
As shown in the latest chart, $XRP is consolidating within a symmetrical triangle on the 4-hour timeframe.

XRP 4H Chart/ Coinsprobe
The price has found strong support at the lower trendline of $2.00 and is trading slightly above it at $2.02. Earlier, this support zone has been a critical level for rebounds, and technical indicators suggest a potential rally may be imminent.
1.Key Levels to Watch
Support: $2.00
Resistance: $2.48 (upper trendline of the triangle)
Downside Target: If the $2.00 support fails, XRP may retest the lower support level at $1.63.
2.Indicators to Monitor
Relative Strength Index (RSI): Currently near oversold levels, signaling a potential reversal.
MACD: Momentum indicators are starting to show bullish divergence, hinting at a possible breakout.
3.Potential Upside: If XRP breaks above $2.48, it could trigger a strong upward move, paving the way for a significant rally. Analysts are optimistic that the next leg could test much higher resistance levels, reminiscent of the 2017 parabolic run.
Conclusion
XRP's current price action is generating excitement in the crypto community, especially among those who remember its historic 2017 rally. While the symmetrical triangle pattern and technical indicators are encouraging, the broader market sentiment remains a key factor. Traders and investors should keep a close eye on XRP’s movement in the coming weeks, as a decisive breakout could lead to substantial gains.
As always, it’s important to exercise caution. The crypto market is highly volatile, and there are no guarantees. Conduct thorough research and consult with financial advisors before making any investment decisions.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#XRP #NFA

Date: Mon, Dec 30, 2024, 06:17 AM GMT
In the cryptocurrency market today, Peanut the Squirrel (PNUT), the meme coin that grabbed major headlines in early November, is back in the spotlight. After an impressive 10% surge, PNUT is showing signs of a potential reversal from its recent correction phase.

Source: Coinmarketcap
Whale Accumulation:
Since PNUT’s sharp correction from its all-time high of $2.50, bringing it down to the current price of $0.70, whale activity has intensified. According to today’s report from Lookonchain, a whale withdrew 10 million $PNUT ($6.1 million, or 1% of the total supply) from Binance just 8 hours ago.

Source: Lookonchain (X)
This accumulation at such low levels could indicate growing confidence in PNUT’s future rally, particularly among high-net-worth investors.
Gears Up for Major Breakout:
In early November, PNUT delivered a staggering rally of over 800% within weeks, driven by hype and indirect tweets from major celebrities. However, after hitting its all-time high of $2.50 on November 14, PNUT underwent a steep correction of over 75%, bottoming out at $0.59 and entering a descending triangle pattern on the charts.

Peanut the Squirrel (PNUT) 1D Chart/ Coinsprobe
Today’s rally has brought PNUT’s price to $0.69, nearing the descending triangle’s resistance line. A breakout above this level could confirm a bullish reversal. If PNUT manages to sustain momentum and break past the critical resistance of $0.80, it could ignite a fresh leg upward, targeting key resistance levels at $1.58 and its previous high of $2.50.
Technical Indicators:
RSI (Relative Strength Index): Currently sitting at 39.18, the RSI indicates PNUT is recovering from oversold conditions. A move above 40 could signify strengthening bullish momentum.MACD (Moving Average Convergence Divergence): The MACD histogram shows a decrease in bearish momentum, with the signal line inching closer to a bullish crossover. This alignment supports the possibility of a trend reversal.
What’s Next?
While PNUT’s short-term price action is encouraging, traders should monitor the $0.80 resistance level closely. A breakout with high trading volume could confirm the start of a new uptrend, potentially bringing PNUT back into its hype-driven rally mode. However, failure to break this level might result in continued consolidation or a retest of lower support levels around $0.59.
As whale accumulation increases and momentum builds, PNUT’s future price action will depend heavily on market sentiment and macroeconomic conditions. Investors are advised to stay cautious and follow proper risk management strategies.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
#Memecoins #NFA

Date: Mon, Dec 30, 2024, 11:02 AM GMT
In the cryptocurrency market, the past two weeks have seen significant corrections in altcoins, with Bitcoin (BTC) dropping from its recent all-time high (ATH) of $108,000 to now trading above $93,000. This downward trend has also affected top AI tokens, including Bittensor (TAO), Near Protocol (NEAR), and Render (RENDER), which have each experienced losses of over 20% in the last 30 days.

Source: Coinmarketcap
Amid this corrective phase, these tokens have made some recovery in weekly performance and are positioned at critical resistance levels, hinting at potential breakouts.
Bittensor (TAO):
Currently trading at $463, Bittensor (TAO) is showing signs of recovery as it approaches the upper resistance of its falling wedge pattern, as seen in the 4-hour chart.

Bittensor (TAO) 4H Chart/ Coinsprobe
A breakout above the wedge’s resistance could open the door for a rally toward its next target at $523, representing an upside potential of approximately 12%. If bullish momentum continues, $TAO could aim for higher resistance levels at $641 and $747, completing its falling wedge trajectory.
On the downside, a rejection at the resistance could see TAO revisiting its support level at $442, extending the consolidation phase.
Near Protocol (NEAR):
Near Protocol (NEAR) is currently priced at $5.18 and is similarly trading within a falling wedge pattern. The token has shown resilience and is now inching closer to breaking out of its resistance level.

Near Protocol (NEAR) 4H Chart/ Coinsprobe
Should $NEAR successfully breach this resistance, it could target $5.49, a 6% gain from current levels. Continued bullish momentum might see the token pushing toward higher levels at $7.00 and $8.27, completing the bullish pattern.
However, if NEAR fails to break the resistance, it risks a pullback toward the immediate support level of $5.00.
Render (RENDER):
Render (RENDER), priced at $6.89, is following a similar trajectory to TAO and NEAR. The token is trading within a falling wedge pattern and is advancing toward its upper resistance level.

Render (RENDER) 4H Chart/ Coinsprobe
A successful breakout above the wedge’s resistance could propel $RENDER to its next target at $7.99, offering a potential upside of 15%. If the bullish trend persists, the token may aim for higher targets at $9.77 and $12.00, marking a significant recovery from current levels.
Conversely, failure to break out may result in RENDER testing its support level around $6.80 before attempting another rally.
Is A Rebound On the Horizon?
While all three tokens are consolidating within falling wedge patterns—historically bullish structures—their Relative Strength Index (RSI) indicates improving momentum near oversold levels, and the MACD shows early signs of potential bullish crossovers, suggesting a rebound could be imminent if key resistances are broken.
Bitcoin’s performance will play a crucial role in determining whether these tokens can sustain a rally or face further consolidation.
For traders, these setups present opportunities for significant gains if breakouts occur. However, caution is advised as the market remains volatile.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research and consider your risk tolerance before making investment decisions.
#AITokens #NFA

Date: Mon, Dec 30, 2024, 06:17 AM GMT
In the cryptocurrency market, since the past two weeks have seen a significant correction, with Bitcoin (BTC) retracing from its all-time high of $108,000 to the current level of $93,000. This bearish sentiment has also impacted major altcoins like XRP and ADA, which have experienced pullbacks in recent weeks. XRP’s monthly gains have shrunk to 8%, while ADA is currently in negative territory.

Source: Coinmarketcap
Despite these challenges, both tokens are showing resilience by holding critical support levels.
XRP
Amid the ongoing market correction, XRP is consolidating within a symmetrical triangle pattern. As of now, $XRP has found support at the lower trendline of the triangle, around $2.04, and is trading slightly above it at $2.08.

XRP 4H Chart/ Coinsprobe
Historically, this support zone has triggered rebounds, and if XRP follows this trend, it could test the upper resistance trendline, which is positioned at approximately $2.48. A breakout above this resistance could pave the way for further upward movement.
Technical indicators such as the Relative Strength Index (RSI) show signs of bottoming out, hinting at a potential rebound.
Cardano (ADA)
Cardano (ADA) is exhibiting a similar pattern, consolidating within a falling wedge—a bullish reversal setup. Over the past week, $ADA has repeatedly tested its critical support level of $0.86, demonstrating its resilience. Currently, ADA is trading slightly above this support, at $0.87.

Cardano (ADA 4H Chart/ Coinsprobe
If the $0.86-$0.87 support zone holds, ADA has the potential to rally and break out to the upside, which could signal a trend reversal. Such a move could drive the token’s price toward the $1.00 level, a psychological resistance. However, failure to hold this support could see ADA dip to lower levels within the wedge, delaying any potential recovery.
Is a Rebound Brewing?
Both XRP and ADA are at pivotal points, trading near critical support levels within their respective technical patterns. The current RSI readings for both tokens indicate oversold conditions, while MACD convergence suggests that bearish momentum is fading. This combination of factors raises the possibility of a rebound in the near term.
For confirmation of an upward move, traders should watch for increased trading volume and decisive price action. A breakout above the resistance levels in their respective patterns would indicate a shift in market sentiment and could lead to substantial gains.
Conclusion
While the market correction has weighed heavily on XRP and ADA, their resilience at key support levels offers hope for a potential rebound. However, investors should exercise caution and wait for confirmation of a breakout or breakdown before making significant trading decisions.
Get more updates on: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Please conduct your own research before making investment decisions.
#Altcoins #NFA

Date: Mon, Dec 30, 2024, 04:36 AM GMTThe cryptocurrency market has experienced a correction over the last two weeks, pulling Bitcoin (BTC) down from its recent all-time high of $108,000 to its current price of $93,000. This downturn has also impacted many of the top 50 altcoins, with noticeable declines.
However, Ark (ARK) and Aster (ASTR) have shown resilience, making notable recoveries. Both tokens are back on the green track for weekly gains, with ARK surging 10% today following a key breakout. ASTR’s price action suggests it might soon follow a similar path.

Source: Coinmarketcap
Ark (ARK):
$ARK has made a strong move, breaking out from a falling wedge resistance near $0.5150. This breakout marked the beginning of its bullish momentum, with the token subsequently surpassing a horizontal resistance zone. ARK is now trading above this zone at $0.59, suggesting further upward potential.

ARK 4H Chart/ Coinsprobe
If ARK holds above the breakout zone and confirms it as support, the token could climb to the next resistance level at $0.6485. This would represent a potential 14% increase from its resistance zone. Technical indicators add weight to this bullish scenario.
The MACD lines have crossed upwards, indicating growing positive momentum, while the RSI on the 4-hour chart stands at 70. Although nearing overbought territory, the RSI suggests strength in the rally if the level holds.
Aster (ASTR)
ASTR appears to be following a similar pattern to ARK. The token recently broke out of the upper resistance of its falling wedge pattern and is now trading at $0.0622, within a critical resistance zone. A successful breach of this zone, particularly at $0.06879, could pave the way for further gains.

Aster (ASTR) 4H Chart/ Coinsprobe
If $AST achieves a breakout and confirms it with a retest, the token could rally to $0.0793, offering a potential 20% upside.
Early signs of a bullish crossover in the MACD hint at building momentum, while the RSI indicates a neutral-to-bullish position. This setup leaves room for ASTR to climb higher before hitting overbought conditions, suggesting that a breakout may be imminent.
Conclusion:
The ongoing price movements in ARK and ASTR stand out amid the broader market correction. Despite Bitcoin’s pullback, these altcoins have demonstrated resilience by capitalizing on technical setups. Investor sentiment around these tokens is improving, with many traders seeing them as attractive recovery plays.
ARK has already delivered significant gains, and ASTR looks poised to follow suit if it can sustain its current momentum. These bullish setups make both tokens worthy of attention as the market stabilizes and opportunities for further gains emerge.
Get more updates at: coinsprobe.com
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct thorough research before making any investment decisions.
#Altcoins #NFA