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Vladislav Hryniv
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đŸ’” NewsBTC Analytics: Bearish Sentiment Grips $XRP Market Further contributing to the price decline were signs of dwindling investor interest in XRP. On-chain data revealed a decrease in activity related to its derivatives, suggesting a potential drop in investor confidence. Additionally, data from Coinglass showed a decrease in open interest for XRP futures contracts, alongside liquidations exceeding over $280,000 within a single day. These indicators collectively paint a picture of a bearish market sentiment surrounding the digital asset. The recent price drop undoubtedly makes the $1 target for XRP in April seem less attainable. However, dismissing the possibility entirely might be premature. The cryptocurrency market is known for its volatility, and unforeseen events could trigger a rapid price increase for the coin. Moreover, some analysts retain their optimistic outlook, believing that the bullish sentiment surrounding the token, coupled with the potential tailwinds from the Bitcoin halving, could still propel XRP towards the coveted $1 mark.

đŸ’” NewsBTC Analytics: Bearish Sentiment Grips $XRP Market

Further contributing to the price decline were signs of dwindling investor interest in XRP. On-chain data revealed a decrease in activity related to its derivatives, suggesting a potential drop in investor confidence.

Additionally, data from Coinglass showed a decrease in open interest for XRP futures contracts, alongside liquidations exceeding over $280,000 within a single day. These indicators collectively paint a picture of a bearish market sentiment surrounding the digital asset.

The recent price drop undoubtedly makes the $1 target for XRP in April seem less attainable. However, dismissing the possibility entirely might be premature. The cryptocurrency market is known for its volatility, and unforeseen events could trigger a rapid price increase for the coin.

Moreover, some analysts retain their optimistic outlook, believing that the bullish sentiment surrounding the token, coupled with the potential tailwinds from the Bitcoin halving, could still propel XRP towards the coveted $1 mark.

Aviso legal: Se incluyen opiniones de terceros. Esto no representa asesoría financiera. Lee los TyC.
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đŸ’” According to AMBCrypto: Will $WIF price crash to $2.4? The month-long range (purple) extended from $2.24 to $3.56. The start of the week saw a WIF rejection at the range highs. The OBV was also unable to breach the local highs and trend higher. This was a strong sign of a lack of buying pressure. This saw the meme coin stumble to the mid-range level at $2.9. The 6-hour session close below this level in recent hours meant that the bears will likely win this battle and force a move toward the $2.4 support region. The RSI also slipped below the neutral 50 mark to highlight bearish momentum was stronger. In the short term, we may see a bounce to the $3.1-$3.2 region to fill the imbalance left during the swift losses of the past 24 hours. AMBCrypto reviewed the data from Coinalyze and found that the move to $3.68 on Monday the 6th of May lacked bullish conviction. The Open Interest chart had already been falling lower over the weekend and didn’t recover sufficiently during Monday’s rally. The spot CVD also slumped in recent hours to underline increased selling pressure. The technical factors indicate that the next few days would likely see WIF losses on the chart.
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👀 According to AMBCrypto: What's Next for $BTC ? At press time, BTC was trading at $64,293.03 and its price had grown by 0.70% in the last 24 hours. The volume at which BTC was trading at had grown by 27.12% as well. If the positive sentiment persists, the price of BTC could claim the $65,000 level and start its journey towards $70,000. However, there were some problems that BTC could face on its way to the top. One of them would be the declining velocity being seen for BTC. Despite the surge in volume, the velocity around BTC in the last few days had fallen, implying that the frequency with which BTC was being traded at had declined. Even though there are some challenges that BTC is facing, the selling pressure on most of the holders is relatively low. One of the main reasons for the same would be the declining MVRV ratio for BTC, which indicated that most holders were in losses at the time of writing. This meant that BTC could continue to rise to a certain level till holders turn profitable. After this, profit taking may take place and a slight correction may occur.
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đŸ’„ According to NewsBTC: $XRP Price Prediction Recently, XRP price started a decent increase above the $0.5250 resistance zone. The bulls even pushed the price above the $0.550 resistance zone before the bears appeared. A high was formed at $0.5699 before there was a pullback like Bitcoin and Ethereum. The price dipped below the $0.550 support zone. The price declined below the 23.6% Fib retracement level of the upward move from the $0.4787 swing low to the $0.5699 high. However, the price is now stable above $0.5250 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.5320 on the 4-hour chart of the XRP/USD pair. Immediate resistance is near the $0.5480 level. The first key resistance is near $0.570. A close above the $0.570 resistance zone could spark a strong increase. The next key resistance is near $0.5850. If the bulls remain in action above the $0.5850 resistance level, there could be a rally toward the $0.620 resistance. Any more gains might send the price toward the $0.680 resistance. If XRP fails to clear the $0.5480 resistance zone, it could start another decline. Initial support on the downside is near the $0.5320 level and the trend line. The next major support is at $0.5240 and the 100 simple moving average (4 hours). If there is a downside break and a close below the $0.5240 level, the price might accelerate lower. In the stated case, the price could retest the $0.50 support zone.
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đŸ”„ According to Coingape: $DOGE Price Slips According to the insights streamlined by Whale Alert, 767 million DOGE was collectively shifted through 4 massive transactions in the past 24 hours. While a majority of these transactions illustrated the accumulation of DOGE tokens, a colossal dump undermined these accumulations. Notably, data spotlighted three DOGE accumulations by unknown addresses, worth 79.18 million, 123.81 million, and 163.92 million DOGE tokens. On the other hand, 400 million DOGE was moved to Robinhood by an unknown address, birthing contrasting sentiments over Dogecoin’s price action ahead. In light of Robinhood receiving a Wells notice from the U.S. SEC, a notice that means that the regulatory body plans to bring an enforcement action against Robinhood’s crypto businesses for violating securities laws, these transactions have garnered additional interest. Also, Elon Musk’s Tesla recently integrated Dogecoin as a payment method, but only through DOGE wallets, adding to speculations about the potential motives for these transactions. In the interim, DOGE’s price trajectory illustrated a pullback, pushing an enigma on the world’s largest meme token by global market cap. Dogecoin traded at $0.1554, with a 5.27% dip in its price over the past day. Collectively, the abovementioned data paints an uncertain picture for the dog-themed meme token’s price run shortly ahead, However, Tesla’s acceptance of DOGE potentially stages as an optimistic development for the token in the long run. The short-term volatility in DOGE’s price may be further witnessed due to the derivatives data’s hinting of a mixed sentiment in the market. Dogecoin recorded a 7.69% fall in its open interest, whereas its derivatives volume jumped 30.14%. Nonetheless, it’s also worth noting that crypto market participants anticipate further colossal gains in DOGE ahead, further escorted by BTC’s post-halving rally.
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🚀 According to NewsBTC: $PEPE Price To Hit New ATH Soon Crypto analyst Plazma recently suggested that PEPE could soon hit a new all-time high. PEPE’s current ATH is at $0.00001074, with the meme coin trading just 20% below this price level. Crypto analyst Yazan also hinted that meme coin would soon hit a new all-time high, asking his followers if they were ready for this to happen.  PEPE is currently ranked as the thirtieth largest crypto token by market cap and is likely to climb higher if it eventually hits a new ATH. Crypto analyst and trader Murad believes that the meme coin could rise to the top 10 crypto tokens by market cap since he predicted that PEPE could flip Shiba Inu (SHIB) and possibly Dogecoin (DOGE). At the time of writing, the meme coin is trading at around $0.000008615, down in the last 24 hours, according to data from CoinMarketCap.  
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