Shiba Inu (SHIB): The Weakest Dog That's Hugely Popular
Shiba Inu (SHIB) is currently priced at $0.00001420, which may seem like a small investment, but its low price may attract investors. Daily technical indicators reveal a neutral-bullish sentiment, with 59% positive. The Fear and Greed Index is at 49, indicating balanced market sentiment. Looking ahead to 2025, analysts are predicting a maximum price of around $0.0000224 and a minimum of $0.0000138, with an average forecast of $0.0000309. While this suggests some growth, it may not provide the desired 100x return on a $100 investment, making Shiba Inu a less ideal option for those looking to make big profits.

The post Whales and Institutions Bet Big on Neiro Ethereum (NEIRO): Report appeared first on Coinpedia Fintech News

Amid the ongoing significant price surge across the crypto landscape, whales and institutions have now shifted their focus on Neiro Ethereum (NEIRO) and are on a buying spree. On September 27, 2024, the on-chain analytic firm Spotonchain made a post on X (previously Twitter) that NEIRO seems to be in an accumulation phase.

Whales and Institutions Adds 103 Million of NEIRO 

According to the data, institutions and whales have accumulated a significant 102.77 million NEIRO tokens. 

The wallet address 0x6ab has accumulated a significant 17.7 million NEIRO tokens at an average price of $0.086 over the past 7 days.

The wallet address 0x9Ba purchased 17.5 million NEIRO tokens at an average price of $0.154.

The wallet address 0xAB5 bought 6 million NEIRO at an average price of $0.128.

Another whale address 0x1ED bought 8.6 million NEIRO at an average price of $0.116.

Lastly, Wintermute an institution and market maker, accumulated a significant 52.97 million NEIRO tokens worth $4.97 million.

However, the market cap of this meme coin is $90 million, and this significant accumulation by whales and institutions indicates the potential of this meme coin, which may rally in the coming days. 

NEIRO Current Price Momentum 

At present, NEIRO is trading near $0.09 and has remained stable while other major cryptocurrencies are experiencing notable upside rallies over the last 24 hours. During the same period, its trading volume jumped by 10%, indicating strong participation from traders and investors amid ongoing accumulation.

NEIRO Technical Analysis and Upcoming Levels

According to expert technical analysis, NEIRO has been in a consolidation zone for the last ten days and is still struggling to gain momentum. Based on historical price momentum, if the meme coin breaks out of the zone and closes a daily candle above the $0.10 level, there is a strong possibility that NEIRO could soar by 80% to reach the $0.19 level in the coming days.

Source: Trading View

Currently, this meme coin appears risky due to its low market cap, while the recent acquisitions by Whales and institutions hint at a potential buying opportunity.

The post BTC Price Dip This Monday Warns A Crash To $38K appeared first on Coinpedia Fintech News

Starting the analysis on a bearish tone, Bitcoin starts the week with a quick drop of 1% at press time as the momentum releases. Following the days of consolidation, the BTC price fails to gain any positive influence from the S&P 500, reaching its all-time high in two years. 

With the total crypto market cap at $1.573 trillion testing the 50-day EMA, Bitcoin shows intense bearish signals. 

However, despite the sentiments turning lukewarm, the Bitcoin price prediction based on Halving and potential rate cuts are bullish. 

Bitcoin Price Warns A Trendline Breakdown For A 6% Downside

Following a consolidating end to the bearish last week, the sellers are ready for high-activity moves this week. With a downfall of 1.08% at press time, the BTC price is testing the crucial support zone at the $41K mark. 

Source – Tradingview

With the buyers already losing the 50-day EMA and the 23.60% Fibonacci level of the recent upswing, the sellers are dominating the short-term trend. Further, the rising intensity may soon result in a more severe pullback in BTC price, putting a dent in the higher low formation. 

Speaking of, the ongoing battle for the upcoming trend depends on the support trendline in action. In confluence with the support zone, the marked trendline remains a crucial reversal spot for BTC price. 

Option Data Suggests A Pivotal Juncture

With the open interest over all the exchanges for Bitcoin standing at $14.29 Billion, Coinglass shows Calls accounting for 208,692.47 BTC and Puts at 95,852.52 BTC. This gives a put-call ratio of less than 1, suggesting traders are interested in more call options. 

However, the PCR ratio does not include the volumes of the contracts traded. Nevertheless, the volumes are also bullish, as per Coinglass, with 54.42% of the volume being calls. 

The lack of clarity over the expiration dates questions the credibility of the above metrics and warns of an otherwise trend. Moreover, the PCR ratio can be a reversal sign as the market potentially signals an overbought phase. 

At press time, the BTC price trades at $41,003, with an intraday candle teasing a breakdown rally. 

Technical Indicators:

MACD Indicator: After the recent bearish crossover, the MACD and signal lines crossing under the halfway line. Hence, the momentum indicator warns of a declining trend in Bitcoin. 

Will BTC Price HODL The Fort At $40K?

As the sentiments crisis grows heavier, the crucial support zone at the $41K mark is beginning to bend. However, the breakdown will be the definite selling signal for sideline traders. In such a case, a crash in BTC price expected to reach the 38.20% Fibonacci level at $38,642.

On the flip side, a bullish reversal can result in a bounce back to the overhead resistance at $46,758.