The blockchain intelligence firm Santiment shared in a tweet published earlier this morning that the Ripple (XRP) network experienced significant spikes in address activity recently
This surge in address activity also resulted in XRPâs price rising and decoupling around 4% from the rest of the altcoin market, which printed losses during this time.
In addition to strengthening against the dollar in the past day, the meme coin was also able to outperform the two market leaders Bitcoin (BTC) and Ethereum (ETH).
The recent increase in SHIBâs price was enough to flip its weekly price performance into the green. As a result, SHIBâs price was up 0.87% over the last 7 days.
Earlier today, a crypto analyst by the name of Captain Faibik took to Twitter to share his belief in the potential for a significant price surge in IOTA (MIOTA) in the near future.
Technical indicators were still flagging bearish, however, with the 9 EMA line positioned below the 20 EMA line. In addition to this, the RSI line was trading below the RSI SMA line.
If LINKâs price is able to remain above the closest support level at $6.193 for the next 24-48 hours, then it may look to make a move toward the 9 EMA line on the daily chart at around $6.56 before it climbs to $7.312. On the other hand, closing a daily candle below the current support level will see LINKâs price plummet to $5.62.
A bullish descending wedge pattern had formed on LINKâs daily chart which, if validated, could see the altcoinâs price make a move towards $7.312 in the near future.