XRP surges to $1 for first time since 2021, raising questions about future momentum
Today was a pivotal moment for Ripple as its price broke through $1, breaking through a significant resistance level that had not been breached since November 2021. The coin opened at around $0.85 and surged to the $1 mark after a bullish engulfing candle appeared on the trading chart, which often signals a potential uptrend. This dramatic turnaround has reignited investor optimism.
XRP's current price surge is indicative of a broader recovery trend in the cryptocurrency industry, which is largely influenced by increased interest and demand. Many investors are now keeping a close eye on XRP as its performance could set the tone for other altcoins.
XRP's momentum can largely be attributed to some positive developments in the cryptocurrency space, especially regulatory clarifications that have eased many investors' concerns. Additionally, the recent news cycle of increasing acceptance of cryptocurrencies in the mainstream financial sector has also greatly improved investor sentiment.
It is worth noting that XRP is seen as a bellwether for market health, with the belief that its price action could be indicative of trends for other cryptocurrencies. As of now, many investors are optimistic about the bullish sentiment and trading volume has increased, thus strengthening the momentum of XRP price recovery.
Looking forward, whether this rally can be sustained depends on the maintenance of investor confidence and the continued positive trend of the cryptocurrency market as a whole. The outlook remains cautiously optimistic, but investors should remain vigilant to potential market corrections.
There has been a significant change in investor sentiment, reflecting excitement about the potential for further upside. However, as historical trends often show, market volatility can lead to unpredictable changes, so traders must remain calm and informed.
Breaking through the $1 mark is not only a milestone worth watching for XRP, but also symbolizes a broad recovery in interest in the cryptocurrency market. While the near-term outlook is bright, with increased trading volume and investor enthusiasm, caution is advised as the market stabilizes. Overall, XRP's recent developments provide a positive outlook, marking it as an important player to watch in the evolving landscape of digital currencies$XRP

Dogecoin’s recent surge suggests further upside potential if $0.35 support can be held

Dogecoin has captured a lot of attention in the cryptocurrency space in recent weeks, with its value surging significantly, ultimately reaching a yearly high of $0.43. The memecoin’s value has exploded by 234.72%, demonstrating its volatility and appeal to both retail and institutional investors. However, the journey has not been smooth sailing, as DOGE has fallen 9.67% on the daily chart, raising concerns about a potential correction.

Keep an eye on Dogecoin’s performance, especially the $0.35 support level. Market sentiment remains cautiously optimistic, with many believing that the uptrend has the potential to continue as long as this level holds. As Ali Martinez points out, the formation of a bullish flag suggests that Dogecoin has the potential to reach highs of $0.56 if the upward momentum continues.

While the forecast is encouraging, it is crucial to study other technical indicators in order to fully understand Dogecoin’s market position. According to data from Santiment, the NVT ratio, which measures the ratio of network value to transaction volume, has dropped significantly from 582.06 to 111.03 over the past month. This trend indicates that actual usage and adoption of Dogecoin is increasing, contrary to the speculative patterns commonly seen in the market.

In addition to the decline in the NVT ratio, Dogecoin’s MVRV ratio, a measure of market value to its actual value, has surged to 62.82%. Such growth generally indicates strong bullish sentiment, indicating that long-term holders are optimistic about future price increases. The positive correlation of these indicators further emphasizes the belief that the recent price correction may only mean a temporary pullback rather than a reversal of the overall uptrend.

Given the current situation, market dynamics appear to be in Dogecoin’s favor as it looks to rise further, and a successful reclaiming of the $0.44 level could pave the way for Dogecoin to encounter the next resistance level around $0.48. It is also crucial to keep a close eye on macroeconomic factors and Bitcoin’s performance as they tend to have a significant impact on the movement of altcoins.

Today's intraday operation strategy is to go long on the pullback as long as the hourly level does not fall below the EMA50 moving average
0.3750 long: Risk control: 0.3620: Target: 0.4-0.41
Spot can be purchased in batches
$DOGE

November 13: Ethereum Price Targets $3,550, Bullish Momentum Strong and Potential for Further Upside
The recent rise in Ethereum prices has focused attention on the $3,550 mark, which is a key resistance level. Breaking through this threshold is crucial to sustain Ethereum's upward trajectory. If Ethereum continues to rise above $3,550, it will validate the targeted reversal pattern and may open the door for Ethereum to approach the psychological barrier of $4,000.
Technical indicators can provide insight into its potential strength. The on-balance volume (OBV) has surged to its highest level in more than three months, indicating strong buying interest. In addition, the relative strength index (RSI) is currently at 79.5, indicating strong bullish momentum, although there is a risk of overheating. A careful watch may be needed in the coming days, as the previous highs set by ETH prices in June and July have encountered significant resistance.
The momentum of the recent rebound suggests that Ethereum is expected to rise further. Liquidation heat map analysis shows that the liquidity band clearly extends to the $4,000 mark. This suggests that sellers may find it difficult to outperform buyers in the short term, increasing the possibility of price increases.
Investor sentiment remains very positive as Ethereum continues to attract interest from both retail and institutional investors. The psychological impact of hitting key price levels cannot be ignored, and many traders are now cautiously optimistic, preparing for possible volatility when Ethereum stalls and consolidates its gains. The upcoming trading session is expected to reveal important dynamics as traders look for opportunities along the way.
Whether Ethereum can break through the key resistance level of $3,550 will be crucial to maintaining its bullish momentum. Ethereum has the potential to reach $4,000, and current market conditions suggest that Ethereum is likely to rise further on the back of strong liquidity and investor interest. As traders remain vigilant, watching for changes in market dynamics may provide valuable opportunities in the evolving cryptocurrency landscape.
If Ethereum goes down first and then up in the evening, then don't place the short order we issued at noon
Place a long order at 3080: Cover position at 3040: Risk control 43 points: Target 100-150 points Use trigger stop loss to reduce positions midway
Pay attention to the impact of the CPI data release at 8:30 this evening $ETH

November 12, noon: WIF shows bullish potential as technical indicators suggest significant upward movement

Today's price of WIF is within a symmetrical triangle pattern, a technical formation that typically signals the onset of a bull market. Historically, this pattern tends to develop in the direction of the current trend, and for WIF, this trend appears to be upward.

The anticipated triangle breakout holds steady at $2.918. If WIF surpasses this important level, the expected upward target is around $4.080, with a long-term target of reaching a peak of $4.860. This breakout may mark the beginning of a new chapter for WIF, paving the way for substantial gains.

As WIF approaches this key resistance level, market observers should closely monitor trading volume; higher trading volume will confirm genuine buying interest and enhance the credibility of the breakout.

Additionally, the widely used momentum indicator, the Relative Strength Index (RSI), indicates that prices are steadily strengthening, currently at 66.27. An RSI above 60 usually indicates significant price increases. With these positive indicators, it suggests that if momentum continues, the asset is likely to rise further.

Current market dynamics for WIF indicate strong upward momentum supported by favorable technical indicators and trading patterns. Observers should pay attention to key resistance levels and market sentiment, as they may dictate the next phase of WIF's price movement. While the market shows a fundamentally neutral outlook, any significant deviation could open the door for intensified bullish activity.
$SOL
Operational strategy
Enter long at 2.958
Risk control: 2.885
Target: Exit in batches within the range of 3.5-4.0

On the evening of November 11: Ethereum's four-hour potential divergence: bulls need to pay attention

Ethereum attacked 3250 today but did not break through and stand firm: it inserted a few times downward: from the four-hour MACD. The bulls shrank, and there is a potential top divergence pattern. This small bullish rise may end at this high point: rebound 3220 short orders enter the market, and the position of replenishment is 3260: risk control 52 points: target 200-250 points, Bitcoin is still at the position mentioned by Lao Wang, watch the article published today: the callback does not represent the end of the bull market, but better paves the way for the upward trend in 2025
$SOL