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#MemeCoinTrending
Shiba Inu (SHIB) Whales Prepare for Potential 30% Gain Amid Weakening Trend
October 17, 2024 by Abiodun Oladokun, Daria Krasnova
In Brief
Shiba Inu's price is consolidating, with resistance at $0.000018 and support at $0.000016. It is also experiencing reduced volatility.
Whale accumulation has increased, signaling the potential for a 32% price gain if broader market buying is triggered.
A breakout could push SHIB past $0.000018, while reduced whale activity risks a drop below $0.000016 support

#ADAUSDT ( Cardano ) Crypto Whales Fall Short of 20 Billion Cardano Transactions, Putting ADA Price at Risk

In Brief
Cardano's large transaction volume fell from 19.50 billion to 18.44 billion, signaling whale withdrawal.
ADA's price dropped to $0.33, impacting the Market Value to Realized Value (MVRV) ratio, now at -61.25%.
A bearish trend suggests ADA may drop to $0.30 unless whale activity boosts the price above $0.35.
Two days ago, Cardano (ADA) was set for a rally toward $0.40, but that potential has diminished as crypto whales have stepped back.
While ADA’s long-term prospects remain interesting, recent on-chain data suggests the short-term outlook might be bleak.
Cardano Whales Surrender
On September 14, Cardano’s large transaction volume was 16.25 billion ADA. By September 16, the volume had increased to 19.50 billion, with speculation suggesting that it could hit the 20 billion milestone for the first time this month.
For context, large transaction volume provides an idea of the amount of cryptocurrencies transacted by institutional players or crypto whales. Furthermore, this metric measures transactions worth $100,000 and above.
When it spikes, it indicates that large players have likely bought a significant amount of the cryptocurrency. Conversely, a decrease suggests declining whale interest in the token. In Cardano’s case, the large transaction volume dropped from 19.50 billion to 18.44 billion at press time, signaling reduced activity from major holders.

##RNDRUSDT ( Render ) - Price Faces Resistance in Bid to Reclaim All-Time High
Render’s price has grown by 10% in the past 24 hours amid the general market rally.
This has led the token’s price to attempt to break above a long-term resistance level.
However, this may be challenging as the bears do not appear ready to relinquish market control.
Render (RNDR) is poised to break above the upper line of an ascending triangle in continuation of its most recent uptrend.
Logging a 10% price hike in the last two days, the bulls can push above this resistance level if the current general market trend is sustained. 
Render May Face Some Difficulties 
Render’s double-digit price rally in the past 24 hours may witness a pullback as some of the token key indicators showed that bearish influence remains dominant.
At press time, the dots that make up RNDR’s Parabolic SAR indicator exceed its price. This indicator identifies potential trend direction and reversals in the token’s price.
When its dots are above an asset’s price, the market is said to be in decline. This indicates that the asset’s price has been falling and may continue to do so. Market participants interpret this as a sign to exit long positions and open short positions.
Also, the value of RNDR’s Chaikin Money Flow (CMF) was -0.01 at the time of writing. This indicator measures money flow into and out of the RNDR market.A bearish signal, indicating a weakening uptrend or a developing downtrend, appears when its value falls below zero
RNDR Price Prediction: Negative Sentiments Meet High MVRV Ratio
The poor sentiment currently trails RNDR is depicted in its negative weighted sentiment spotted on-chain. Subsequently, at -0.29 at press time, this metric shows a dominant negative bias in the online discourse surrounding the asset.This negative sentiment comes at a time when the token’s Market Value to Realised Value (MVRV) ratio is high. As of this writing, this was 231.78%A high MVRV ratio already suggests a potential correction if the price becomes unsustainable. If projection is overturned buy

#PEPEUSDT ( PEPE*1000 ) - How PEPE Price Hitting New All-Time High Could Lead to Major Corrections
PEPE price marked a new all-time high over the past day but could now be looking at a fall.
The MVRV ratio shows that PEPE is in the danger zone, which historically has observed correction.
The Network Realized Profits further substantiates the bearish outlook, as profit-taking is likely.
PEPE’s price continued to please its holders, as the meme coin not only led the rallying altcoins but also marked a new all-time high in the last 24 hours.
However, this could trigger the altcoin observing a decline as investors look primed to sell.
PEPE Investors Close to Selling
Following the PEPE price rise, the meme coin looks prepared to see some major selling as the altcoin investors realize massive profits. According to the Network Realized Profit/Loss indicator, the overall gains have been inclining for the past month.
Realized profits are a sign that the investors are selling, and this could now intensify as the meme coin hits a new ATH. This seems to have saturated the bullishness and may lead to heavy selling.Secondly, the Market Value to Realized Value (MVRV) Ratio also hints at profit-taking. The MVRV ratio monitors investor profits and losses. With PEPE’s 30-day MVRV at 38%, indicating profit, selling may ensue. 
Historically, the meme coin has undergone corrections at MVRV levels of 15% to 36%, marking it as a danger zone. PEPE is already above this level, which signifies stronger profit-taking potential.Should this happen, the altcoin could note a fall below key PEPE Price Prediction: Awaiting a Dip
PEPE price market the new ATH of $0.00001430 after rising by 51% in the last two days. At the time of writing, the altcoin is not exhibiting any signs of a decline, but considering the above indicators, it could occur soon.
The most likely outcome would be a fall to $0.00001251, which marks the 78.6% Fibonacci Retracement. Intense selling could extend this decline and PEPE could dip to the 61.8% Fib line at $0.00001146.

#NEARUSDT ( NEAR Protocol ) - Market Cap Nears Yearly Highs: Price Reacts
NEAR's market capitalization is nearing an all-time high, reflecting significant interest and investment.
A strong upward trend indicates bullish momentum, but the $9 billion mark presents noticeable resistance due to repeated selling pressure.
NEAR's price remains above the Ichimoku Cloud, indicating sustained bullish momentum and a positive market outlook.
The market cap of NEAR is approaching its yearly high, reflecting significant interest and investment in the token.
A noticeable resistance zone exists around the $9 billion mark, which has been tested multiple times, suggesting strong selling pressure at this level.
NEAR Protocol Market Cap Analysis
The market cap of NEAR is approaching the key resistance of $9 Billion, which was hit in mid-March. This indicates significant interest and investment in the token. The chart illustrates a strong upward trend, which suggests bullish momentum.There is a noticeable resistance zone around the $9 Billion mark. This area has been tested multiple times, which also indicates strong selling pressure.
Near Is Trading Above the 1D Ichimoku Cloud and Tenkan
The price action is currently above the Ichimoku Cloud and the Tenkan Line (in Red), suggesting a bullish trend. Conversely, the cloud itself is green, which reinforces the bullish outlook.
NEAR Price Action Sustains Above 4-Hour Ichimoku Cloud
Similarly to the daily timeframe, the price action remains above the Ichimoku Cloud, indicating sustained bullish momentum.
Key mid-term support levels are $7.5 (0.5 Fibonacci retracement) and $7.3 (0.618 Fibonacci retracement), which have provided strong support in recent price action. Immediate resistance is observed at $8 (0.236 Fibonacci retracement).
furthermore, the RSI (4H) is currently above 50, suggesting a neutral sentiment. Historically, the 50 level has acted as major support, which could indicate a potential rebound to 70.This technical analysis of NEAR Protocol (NEAR) suggests a bullish outlook in the daily and 4-hour timeframes.

#SHIBUSDT ( Shib*1000 ) - Bullish Breakout at Risk of Fading

Shiba Inu’s price was breached through the two-and-a-half-month-old downtrend line, but it faces bearish cues.
The meme coin craze can be seen fading rather rapidly, with the transaction volume falling to February lows.
The asset's adoption rate is also at an eight-month low, suggesting a lack of interest from potential investors.
Shiba Inu’s (SHIB) price is not exhibiting the most impressive performance despite breaking out of a downtrend.
The investors’ lack of support is a concern, and it could lead to the meme coin losing the rally.
Shiba Inu Investors Remain Skeptical
Shiba Inu’s price action has disappointed its investors, resulting in SHIB holders stepping away from participating in the network. This is evident in the transaction volume.
The average daily transaction volume has fallen from $169 million in April to $38 million in May. This is a 77% decline, which is largely due to the waning meme coin craze, which resulted in the surge of tokens such as dogwifhat (WIF) and Pepe (PEPE).
Furthermore, the lack of optimism observed in investors extends to those who have yet to join the network. This is visible in the adoption rate, which is presently at an eight-month low. 
The adoption rate measures the rate at which new addresses are formed on the network. This assesses whether the project is losing or gaining traction in the market. In the case of SHIB, this adoption rate is at 29%, suggesting only 29% of all active addresses are new investors.
While this is not the worst, it is not the best either, given that Shiba Inu has seen better participation from new investors in the past

#LNKUSDT ( Chainlink ) - Set for Correction as Rally Overextends Bullishness

Chainlink’s (LINK) price broke out of the consolidation and marked a monthly high of less than a week

Chainlink (LINK) Set for Correction as Rally Overextends Bullishness
May 20, 2024 by Aaryamann Shrivastava, Ryan James
In Brief
Chainlink's price has risen by almost 30% in the span of just five days, trading close to $17.
The RSI above the 70.0 threshold shows that LINK has been overbought during this rally.
The MVRV ratio also suggests potential profit taking at the hands of LINK holders.
Chainlink’s (LINK) price broke out of the consolidation and marked a monthly high of less than a week.
However, this may lead to LINK holders moving to sell their holdings before they lose the chance to secure their gains.
Chainlink Investors May Book Profits
Chainlink’s price is $16.8 after rising nearly 30% this past week. However, this resulted in the altcoin hitting saturation, historically synonymous with corrections.
This is evident in the Relative Strength Index (RSI). RSI is a momentum oscillator that measures the speed and change of price movements. It ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 indicating oversold conditions.
Currently, the RSI is above 70, suggesting LINK is overbought on the 12-hour chart. This happened last in February, after which the rally took a break. The same could be the fate of Chainlink’s price as well.
Plus, it could face additional discomfort from its investors should it move to sell, which is a probable outcome. This is because the Market Value to Realized Value (MVRV) signals profit-taking.
The MVRV ratio tracks investor gains/losses. Chainlink’s 30-day MVRV of 16% suggests profit, possibly prompting selling. Historically, LINK tends to correct at MVRV levels of 10%- 20%, labeling this a risky zone.

#SOLUSDT ( Solana ) - Recovery on the Cards as Institutional Interest Rises

Solana's price has been consolidated between $126 and $156 for nearly a month and is looking to break out.
Institutions that have stepped away from Solana are opting for SOL again, which is evident in the $5.6 million inflows.
The Relative Strength Index (RSI) is close to flipping the neutral line into support, which would confirm the bullishness

#MATICUSDT ( Polygon ) - Polygon’s Path to Recovery: MATIC Eyes $1 Amid Investor Optimism

The MATIC price is attempting to break out of a downtrend that it has been stuck in for nearly a month now.
The decline in active deposits is signaling that investors are poised to refrain from selling going further.
The MVRV ratio in the opportunity zone further substantiates the potential for accumulation and recovery.

#LNKUSDT ( Chainlink ) - Price Faces Downward Pressure

Chainlink (LINK) price might encounter obstacles as key indicators point towards potential corrections on the horizon. After a period of relative stability, LINK’s daily active addresses have started to decline, indicating a possible reduction in interest. Additionally, LINK’s Average Directional Index reaching 30 signals a strong and potentially sustained trend for the week ahead.

#STXUSDT ( Stacks ) - Price Analysis: New All-Time High Signals Bullish Momentum Shift

Stacks (STX) price is drawing attention after reaching a new all-time high. Its 7-day Relative Strength Index (RSI) dipped from 83 last week to its current level of 79. While this still suggests an overbought condition, the decline hints at a possible shift in momentum.

#LTCUSDT ( Litecoin ) - Recovering Litecoin (LTC) Price Eyes $100 Milestone: Here’s How

The Litecoin price (LTC) hit a multi-month high in March after breaking through the $100 barrier. The altcoin, however, could not sustain this rise and ended up correcting 25%.

#XRPUSDT ( Ripple ) - Price Rejected at Golden Ratio: What’s Next?

The XRP price has recently encountered a bearish rejection once more at the critical golden ratio level, approximately valued at $0.75. Subsequently, the price of Ripple has entered a corrective phase.

#SHIBUSDT ( Shib*1000 ) - Price Could See Another 20% Decline – Here’s Why

Shiba Inu price has already lost two major support levels and is now moving further below.
Investors have already begun backing out, as evidenced by the plunge in the network growth.
Short-term investors added another 23 trillion SHIB to their holding, increasing the bearish impact on the price.
The Shiba Inu (SHIB) price downtrend is expected to extend beyond the current 30% as the meme coin is losing the backup it had gained over the past few weeks.
The likely outcome is another 20% plunge on the daily chart, but if SHIB bounces back from a crucial support level, it could recover.

#FTMUSDT ( Fantom ) - Price Analysis: Predicting Consolidation or Bullish Breakout?

Fantom (FTM) has seen a notable surge in the percentage of profitable holders, reaching 55%. A similar milestone was historically accompanied by a dramatic 858% increase in FTM price in less than four months. This suggests a potential upcoming price movement.

#XRPUSDT ( Ripple ) - Here is Why the Ripple (XRP) Price Correction Could Continue

What’s next for Ripple (XRP) Price? A significant decline in XRP development activity has been observed, with a tenfold decrease over ten days. This raises concerns regarding ongoing interest and innovation within the XRP ecosystem. Furthermore, daily active addresses associated with XRP have fallen by 20% in the past week.

#ARBUSDT ( Arbitrum ) - Time to Sell Arbitrum (ARB)? 8.95 Million Tokens Sent to Binance

Arbitrum, a leading Ethereum Layer 2 scaling solution, experienced a substantial asset shift among investors after its recent token unlocking.

In Brief
After Arbitrum's recent token unlocking event, approximately 8.95 million ARB tokens, valued at $16.4 million, were transferred to Binance.
This move, often interpreted as bearish in the crypto market, coincided with a broader downturn, causing ARB's price to drop to $1.62.
Despite the price decline, Arbitrum remains a dominant force in the Ethereum layer-2 space, boasting significant transaction volume and TVL.

#SOLUSDT ( Solana ) - Solana Skyrockets Past $200: Unveiling 3 Key Growth Drivers

Solana’s (SOL) meteoric rise past $200, for the first time since December 2021, marks a milestone in the blockchain and DeFi sectors.

#MATICUSDT ( Polygon ) - Will Polygon (MATIC) Price Re-Test $1 Support as Whales Offload?

Recently, there’s been a noticeable stagnation in the growth of active addresses using MATIC, unlike the steady increase observed just a few weeks earlier. Whales have steadily reduced their MATIC holdings in the last two weeks, contributing to potential market volatility.