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HomeCrypto NewsMarketXRP Bollinger Bands Tighten to Historic Levels, Mirroring Prior 60,000% Price Spike XRP Bollinger Bands Tighten to Historic Levels, Mirroring Prior 60,000% Price Spike XRP Bollinger Bands recorded one of the tightest monthly squeezes in the asset’s history, which previously resulted in a 60,000% price rally.The Great Mattsby (TGM), a seasoned technical analyst, called the investing public’s attention to this pattern in a recent analysis. Notably, the disclosure comes at a time when sentiments around XRP are generally down amid a persistent market downtrend.XRP has followed the broader market’s bearish trajectory, having collapsed 40% from its yearly top of $0.7440. This downturn was triggered by Bitcoin’s (BTC) crash amid sustained selling pressure by the German government and Mt. Gox. Despite a mild recovery this week, the momentum remains bearish.- Advertisement -XRP Bollinger Bands Tighten Amid ConsolidationAs bearish forces clash with a renewal of bullish pressure, the XRP market has slipped into a consolidation phase. TGM confirms that this occurrence has resulted in the tightening of the Bollinger Bands on the monthly timeframe.For the uninitiated, the Bollinger Bands tighten when the bands narrow, indicating low volatility in the market. This typically happens during periods of consolidation, where price movement is minimal. Santiment data indicates that XRP’s 1-day volatility has dropped to 0.00572 following a spike observed on July 5. This tightening of the Bollinger Bands often precedes a significant price movement or breakout. The price explosion occurs as the market shifts from consolidation to a more active phase. Interestingly, the tighter the Bollinger Bands squeeze, the more explosive the market could get. $XRP

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COINTURK NEWS > Bitcoin (BTC) > Bitcoin Faces Pressure from Large Sell-Offs by Mt. Gox and German AuthoritiesBITCOIN (BTC)Bitcoin Faces Pressure from Large Sell-Offs by Mt. Gox and German AuthoritiesIn BriefBitcoin is under pressure due to significant sell-offs.Key resistance levels are $58,500 and $64,000.Potential scenarios depend on breaking resistance or falling below support. Bitcoin (BTC) is currently under significant pressure due to large sell-offs. Mt. Gox exchange and German authorities are rapidly liquidating substantial Bitcoin holdings. This situation affects market dynamics, causing price fluctuations. Germany plans to quickly liquidate its Bitcoin holdings. Recently, 16,038 BTC were transferred from government wallets to various crypto exchanges and market makers. Since June 19, a total of 26,071 BTC have been sold, leaving only 23,788 BTC in their wallets. Despite these challenges, there are critical support levels to consider. Contents Levels to Watch in BitcoinPotential Scenarios and Strategies for BTC Levels to Watch in Bitcoin In an article published on TradingView on July 9, analyst RLinda analyzed Bitcoin’s technical indicators and price movements. Technically, RLinda identified a flag formation in the Bitcoin market, indicating a potential upward breakout. This formation, combined with high fear and negative sentiment, suggests a possible end to the bearish phase and the beginning of bullish momentum. Access NEWSLINKER to get the latest technology news. The price is currently ranging between $58,500 and $53,500, indicating a consolidation period. Key resistance levels are identified at $58,500 and $64,000, while support levels are seen at $53,500 and $53,000. The growth in trading volumes and price stability around the lower boundary of the flag formation indicate strong buying interest. Buyers are creating a horizontal range between $58,500 and $53,500, preventing a potential decline. #Ton_Coin_Surge #US_Job_Market_Slowdown #ETH_ETFs_Approval_Predictions #BTC☀

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On July 8, the majority of altcoins were seen in the red, including BRETT, PEPE, WIF, which fell over 10% as Bitcoin, the world’s largest cryptocurrency, dropped 4% in the past day. At the time of writing, BRETT, the meme coin inspired by a character from the “Boy’s Club” comic, was still down 8% in the last 24 hours and 30% in the last 7 days. Over the last day, the crypto asset’s trading volume was hovering around $49.1 million. Moreover, the meme coin’s market cap has also fallen to $1.12 billion, bringing it down to the 62nd largest cryptocurrency per CoinMarketCap (CMC). Ethereum-based meme coin PEPE topped as the biggest loser on Monday morning, with a drop of 12% over the past day. Over the last week, the meme coin has also dropped by a major 30%. At press time, the meme coin inspired by the famous green frog meme had a daily trading volume of $768 million, while its market cap had fallen to $3.47 billion and now ranks as 24th among the top 100 largest cryptocurrencies. PEPE 24-hour price chart | Source: CoinMarketCap Meanwhile, Solana-based meme coin WIF was still down 11% over the last day, exchanging hands at $1.66 at the time of publication. Over the past week, the token also precipitated under 27%. Meanwhile, the dog-themed meme coin wearing a knitted pink hat has experienced a 14% rise in its daily trading volume, hovering around $468 million. Its market cap had fallen to $1.6 billion.WIF 24-hour price chart | Source: CoinMarketCap #pepe⚡ #BRETT #WIF_Usdt

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HomeCrypto News Market Analyst Says A Final Shiba Inu Drop Before 131% Rise to $0.00003 Analyst says a final Shiba Inu drop before a 131% rise to $0.00003 Date: July 6, 2024 The widely followed market watcher at TradingView is suggesting that the Shiba Inu could experience a final drop before a huge rebound that could take it back to $0.00003. Today, Shiba Inu is down more than 14%, trading at $0.00001323 at press time. This massive price drop follows Bitcoin's recent retracement to the $53K range earlier today, which has started a bloodbath in the crypto scene. Being a meme coin with high volatility, Shiba Inu was the main victim of the market-wide dump. This latest result is part of the bearish momentum in the crypto market since June. Trading at $0.00001323, Shiba Inu has lost 49.5% in the last 30 days. Notably, some market watchers expected this dip to emerge. As the predictions came to fruition, they became more certain that a comeback was underway for the Shiba Inu. Alan Santana, analyst at TradingView, is one such market watcher. A final shiba inu drop before the bull party In a previous update, Santana suggested that the Shiba Inu will witness one final big price drop before a bullish party takes the stage. He first highlighted Shiba Inu's extraordinary performance earlier this year, noting that when considering the bullish wave on an annual scale, the asset has increased by 720%. Accordingly, analysts emphasize that Shiba Inu's current weak performance is a simple correction following its past strong performance. He expects another significant price drop, which he believes will lead to a short-term bounce and a second drop. According to him, this second drop will be final before a sustained period of significant growth. Is the final drop already there? Shiba Inu traded at around $0.0000172 during the update on Wednesday. The next day, SHIB fell 18% to $0.0000146. Meanwhile, as of today, Shiba Inu has hit a new low of $0.00001294, a 12% drop from the previous low. #Shibusdt #US_Job_Market_Slowdown

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