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Chinese stocks post best week on record with 15.7% gain 🥳
It turns out that Michael Burry was right to bet on the Chinese market several months ago.

#Stocks #China 

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🔥 Biggest Altcoin Gainers of the Second Week of November 2024 For some market observers, that may not be surprising as meme coins seem to have led gains on a number of occasions this cycle. That said, the top two altcoin gainers, frog-themed Pepe (PEPE), and Solana-based Bonk (BONK). 🔸 Pepe (#PEPE ) PEPE’s price skyrocketed by 118% this week, reaching a new all-time high. This performance secures its spot among the top altcoin gainers of the week. First, US-based brokerage firm Robinhood announced that it had listed it. Around the same period, Coinbase also confirmed doing the same on its spot market. As a result, PEPE’s price moved from $0.000013 to $0.000023 within a few days. On the daily chart, PEPE has faced resistance at $0.000023, suggesting that bears are working toward pulling the price back. However, bulls also appear to be defending support at $0.000021. Should bulls win the battle, then the meme coin could rally to a new all-time high of around $0.000026. On the other hand, a rise in selling pressure could render this thesis null and void, and PEPE could drop to $0.000016. 🔸 Bonk (#BONK ) Bonk surged over 100% this week, securing its position among the top altcoin gainers amid a broader rally in meme coin prices. The listing sparked a surge in demand for the Solana-based meme coin, fueling its impressive performance. Like Pepe, BONK’s price also surged to a new all-time high. Currently trading at $0.000043, the daily chart shows that the token is well above the 20 and 50 Exponential Moving Averages (EMAs). The EMA measures trend direction over a period of time. When the price is below it, the trend is bearish. However, since BONK is above both, it indicates that the trend is bullish. Should this remain the same, the altcoin’s price could rally toward $0.000049. On the flip side, a pushback by sellers might invalidate this bias, and this could draw the price back to $0.000037.

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📈 XRP Price Hits $1 Historic Milestone On Nov. 26, the XRP price reached $1—a major milestone for the cryptocurrency. In addition, the market cap has surged 26.76% to $57.98 billion, while the trading volume has reached $13.13 billion. Open interest in XRP derivatives has surged by 10.44%, reaching $1.56 billion, indicating increased speculative interest and possibly institutional involvement. Crypto analyst Ali Martinez has spotted the recent XRP whale activity. According to him, over 320 million XRP were bought in the last 72 hours. This rise follows a breakout from a symmetrical triangle pattern, often signaling significant price movements. Analysts note that XRP’s current trajectory resembles its performance in 2017, when its all-time high (ATH) reached $3.3. If the bullish trend continues, experts are predicting XRP could reach $1.96 by the end of the month and $4.80 by late 2024. The price surge might have been partially triggered by its listing on Robinhood. CryptoQuant’s exchange reserves metric suggests a growing belief in the coin’s long-term prospects. Ripple Labs has also made progress in its ongoing legal battle with the U.S. Securities and Exchange Commission (SEC), with a recent favorable court ruling and the approval of a joint motion for final judgment, adding further optimism to the market. Beyond the legal developments, speculation about a dirham-backed stablecoin being developed by Ripple has also contributed to XRP’s price rise. This follows the launch of Ripple's RLUSD stablecoin, which is fully backed by the U.S. dollar. In parallel, Bitwise announced plans to convert its Bitwise 10 Crypto Index Fund (BITW) into an ETF, which would include exposure to XRP. 💬 XRP, BTC, ETH, SOL — that's the alphabet soup I like to see 👀— Brad Garlinghouse (@bgarlinghouse) November 15, 2024 Ripple CEO Brad Garlinghouse commented on the news via X, further fueling market enthusiasm. #XRP #Ripple

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📊 Cardano ($ADA ) Price Goes Ballistic as Golden Cross Approaches The price of the popular cryptocurrency Cardano (ADA) adds more than 19% in today's trading on the crypto market. Today's greening can be called a continuation of the festival of green candles on the price chart of the altcoin which, since the beginning of November, has already added 102% to the price. Right now, quoted at $0.69 per ADA, the Cardano token is at levels not seen since March this year. How the price of the token is growing is literally an omega candle. This, however, may not be the end. 🔸 Cardano (ADA) price nears golden cross In fact, a so-called golden cross is beginning to form on the daily price chart of ADA. This pattern is considered bullish and is formed when the lower moving average, usually the 50-day, crosses the higher moving average, usually the 200-day, from below to above. This is exactly what may happen on the price chart of the Cardano token in the coming days. The golden cross may mark the continuation of the rally in the price of ADA. The last time it appeared was almost exactly a year ago and preceded a 120% rise in the price of the Cardano token in the following three months. It is interesting that a year ago the price of ADA also initially rose before the formation of the golden cross, and then after some accumulation continued to rally. However, if Cardano's price repeats the trick of last year, it seems that we will have a serious trend that will open a different perspective on the price behavior of one of the largest and most popular cryptocurrencies. #ADA #Cardano

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💥 Dogecoin Founder Says He Won’t Sell His Bitcoin Until This Massive Price High Reached Billy Markus, one of the two founders of the iconic meme cryptocurrency Dogecoin launched in 2013, has commented on the recent Bitcoin price rally. He also once again disclosed his BTC holdings. His tweet came as BTC has failed to hold at its recently achieved all-time high of $93,434 and staged a large decline. Markus is known on the X platform and other social media under the pseudonym Shibetoshi Nakamoto. 🔸 Dogecoin creator names his "BTC price target" - $1 billion In his typical jesting and ironic manner, Billy Markus tweeted that he will not sell his Bitcoin “until it’s at 1 billion dollars each.” However, he reminded the community that he holds less than 1 BTC, namely, 0.006 BTC. At the current exchange rate, this is the equivalent to $528.54. i won’t sell my bitcoin until it’s at 1 billion dollars eachi have .006 bitcoin— Shibetoshi Nakamoto (@BillyM2k) November 15, 2024 While responding to a commentator about the fact that he created Dogecoin, which now boasts a $54.2 billion market capitalization value, Shibetoshi Nakamoto said that all he made from creating DOGE was “about $10k.” According to his earlier tweets published this year, Markus sold his Dogecoin stash and some other crypto he held in 2015 to buy a Honda Civic car. Apart from BTC, Markus also holds Ethereum, some of which he was forced to sell at a loss a couple of years ago to pay his taxes. In a tweet published earlier today, Markus shared a sarcastic take on those who perhaps expect BTC to skyrocket to a $1 million level instantly and then, disappointed, start saying that all crypto is nothing but scam: “Why isn’t bitcoin a million dollars yet i have been waiting 2 days. Crypto is a scam!” On November 13, when Bitcoin price hit $92,754, Markus wondered if it was going to surpass $100,000 on the same day “or crash to 0.” #DOGE #Dogecoin

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⭐️ On the Brink of a Render Breakout: Can RENDER Reach $20? RENDER has broken free from a downtrend, signaling a bullish breakout potential. Key resistance zones at $11–$12 will determine if the price continues to rise. Growing interest in AI could drive RENDER’s price towards a potential $20 target. RENDER (RNDR) has caught the attention of investors as the AI sector surges. After a period of decline, this token seems ready to break free. With recent bullish movement, many are wondering if RENDER could climb to $20. Let’s explore the technical factors behind this potential rise. 💬 $RENDER is on the Verge of Bullish Pennant Breakout..⌛️📈Midterm Target : 20$#Crypto #RENDER #RENDERUSDT — Captain Faibik 🔸 Analyzing Render’s Bullish Turn Earlier this year, RENDER faced a steady drop in price. The token struggled around the $13–$14 resistance zone, keeping price action in a downward trend. However, mid-year consolidation suggested that a shift was coming. The price stabilized, indicating RENDER was preparing for a breakout. This breakout has been a significant turning point. A falling wedge pattern appeared on the chart, a formation known for signaling reversals. The breakout from the downtrend channel suggests that bearish momentum has shifted to bullish. As RENDER moves above previous resistance levels, the upward trend shows potential for further gains. The $11–$12 resistance zone will be critical in determining if the momentum continues. 🔸 Support and Resistance Levels: Key Indicators Support levels are key to understanding RENDER’s potential. The $4 range served as a solid base during the recent surge, while the $6–$7 zone saw consolidation before the breakout. Now, RENDER is approaching the $11–$12 resistance. If the price pushes past this level, the next target could be the $13–$14 range, where the token faced resistance earlier. Looking further ahead, RENDER could even reach $20 if momentum holds. The growing interest in AI crypto projects adds confidence to this scenario. #Render #RNDR

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