The post XRP Whale Moves 54 Million Tokens to Bitstamp, Selloff Incoming? appeared first on Coinpedia Fintech News

In the last 24 hours, an XRP whale wallet address “r4wf7” moved a significant 54.4 million tokens worth $31 million to the Bitstamp wallet address “rDsbeomae4…g9vDiTCdBv,” as reported by the blockchain transaction tracker Whale Alert. The owner of this wallet is still unknown. 

XRP Whale Transferred 54M Tokens to Exchange 

Additionally, the whale transferred these massive tokens through two separate transactions of the same amount within 24 hours. 

27,050,000 #XRP (15,403,350 USD) transferred from unknown wallet to #Bitstamphttps://t.co/ivxxMRjVnm

— Whale Alert (@whale_alert) August 12, 2024

Despite this massive tokens transfer, XRP is still trading above $0.567 and has experienced a price surge of over 2.3% in the last 24 hours. Meanwhile, its trading volume has also increased by 45% during the same period. This rise in the trading volume suggests higher participation from traders and investors.

XRP Price Prediction 

According to expert technical analysis, XRP is at a crucial support level and also at the 200 Exponential Moving Average (EMA) on both the 4-hour and daily time frames. However, in the last four trading days, it has been continuously falling in a lower high and lower low pattern in a 4-hour time frame.

Source: Trading View

Currently, it is at a lower high area. Based on the price action, there is a high possibility it could fall 7%-8% to the $0.52 level and make a new lower low in the coming days. Additionally, XRP could only experience an upside move if it could give a breakout of the recent lower high and close a candle above the $0.58 level.

Major Liquidation levels

As of now, the XRP’s major liquidation levels are at $0.552 on the lower side and $0.585 on the upper side, according to data from the on-chain analytic firm CoinGlass.

If market sentiment changes and XRP’s price soars to the $0.585 level, nearly $6.51 million of the short position will be liquidated. Conversely, if the sentiment remains unchanged and the price reaches the $0.552 level, nearly $9.31 million of the long position will be liquidated.

The post The Crypto Bull Run is Here – 5 Altcoins That Could 10x in 2024! appeared first on Coinpedia Fintech News

As the crypto market keeps shifting, investors are always on the lookout for the next big win. With the current bullish trend in full swing, there’s a lot of potential for some major gains. Sure, Solana (SOL) is all over the news, but let’s not forget there are other altcoins out there that could also bring in some solid profits in this booming market. Here’s a look at five of the hottest cryptos catching the eye of investors and potentially setting up for serious growth.

Pawfury (PAW) – The Rising Star in a Crowded Market

Pawfury (PAW) is quickly becoming a strong contender in the altcoin scene, and it’s no surprise why. It’s gaining traction among investors at a pretty fast pace. What’s making it stand out? Well, it’s got an innovative approach and a solid community behind it, which is helping PAW get noticed. Their presale is also worth mentioning- it has a staged pricing model that’s catching people’s attention. Early investors can buy in at lower prices, which is generating a lot of excitement and, of course, liquidity. All of this makes Pawfury a potential breakout star, so it’s definitely worth considering if you’re looking to diversify your portfolio.

Aptos (APT) – Defying the Odds with a Surging Rally

Aptos (APT) has been surprising everyone lately, rallying over 15% in just 24 hours after unlocking 25 million tokens worth around $223.3 million. In the past, token unlock events like this usually led to price drops, but not this time. Instead, Aptos is seeing a surge in investor confidence. This shows that Aptos is making the right moves with its platform improvements and attracting a bigger user base. But, as with anything in crypto, the big challenge for Aptos is going to be maintaining this momentum in a market that can change quickly.

Optimism (OP) – Scaling New Heights with Layer 2 Solutions

Optimism (OP) is really making a name for itself as a Layer 2 scaling solution for Ethereum. The token’s value jumped over 23% recently after Kraken integrated USDT deposits and withdrawals on its mainnet. This kind of growth shows just how important Optimism is becoming in making Ethereum more scalable and efficient. With all the talk about high transaction fees on Ethereum, Optimism’s focus on cutting costs and speeding up transactions is getting a lot of attention from developers and investors alike. This is one of the favourite token for traders of altcoins.

Render (RNDR) – Riding High on Digital Growth

Render (RNDR) is seeing a bit of a comeback, with its price climbing by 22% in just one week, hitting $3.6. This is largely because of the platform’s strong performance in Q3, where they saw a 75% increase in payouts to users. However, there’s also been a 46% drop in the number of investors, which could mean that there are some resistance levels coming up at $3.7 and $3.9. Even with these challenges, Render’s cutting-edge technology and strategic partnerships keep it in the game as a top digital rendering solution.

Avalanche (AVAX) – Soaring Amidst Market Volatility

Avalanche (AVAX) has been on an absolute tear lately, with a massive 341% increase in the last two months. This kind of growth shows that the Avalanche community is growing, and development is ongoing. In the last month alone, AVAX surged 123%, even briefly surpassing Dogecoin in market cap. This really highlights how Avalanche is building out its ecosystem. The future is looking pretty bright for Avalanche, especially with the Total Value Locked (TVL) going up, which shows an increase in its user base. But, of course, how well AVAX does in the future will depend a lot on how its ecosystem develops and what’s happening in the broader market.

Conclusion

So, in this ever-changing crypto world, these five altcoins are definitely worth keeping an eye on if you’re looking for big returns. Solana’s success is undeniable, but these other coins are coming up strong, each with their own unique potential for growth. As the market continues to expand, staying informed and strategically investing in these rising stars could be the key to some massive profits.

Also Read : This Deal Could Trigger a 100x Boom for Floki Inu-Don’t Miss Out!

The post Bullish Pattern Spotted in Ethereum, Eyes on 12% Price Jump appeared first on Coinpedia Fintech News

The overall market has experienced a significant price drop across all the major cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) in recent days. Amid this market downturn, Ethereum (ETH) the world’s second-biggest cryptocurrency has formed a bullish price action pattern on the 4-hour time frame.

Ethereum’s Ascending Triangle Pattern

In the past week, ETH has been consolidating within a tight range between $2,340 and $2,700. During this period, ETH has formed a bullish ascending triangle pattern at the crucial support level.

Source: Trading View ETH Price Prediction 

Following this formation of a bullish price action pattern, expert suggests bullish outlook for ETH. However, it is trading below the 200 Exponential Moving Average (EMA) on both 4-hour and daily time frames, which indicates a bearish trend. 

If ETH gives a breakout of the bullish ascending triangle pattern in a 4-hour time frame and closes a candle above the $2,751 level, there is a high possibility it could soar 12% to reach the $3,100 level in the coming days. This level is near the 200 EMA, which acts as a strong resistance for ETH.

However, the current bearish market sentiment could make it challenging for ETH to break through this resistance level of the ascending triangle pattern. Besides, bearish market sentiment and ongoing consolidation investors and institutions are continuing to accumulate tokens at lower levels.

66% of ETH Holders are Profitable

Apart from this technical analysis, the on-chain analytic firm IntoTheBlock recently made a post on X (previously Twitter) stating that nearly 66% of ETH holders are currently profitable. This post on X (previously Twitter) has gathered massive attention from the crypto community. Additionally, the last time such profitability was witnessed was in October 2023, when ETH was trading near the $1,800 level. 

Just 66% of Ethereum addresses are currently in profit.Last week's market downturn significantly impacted Ethereum, pushing many holders into the red. The last time we saw a similar percentage of profitable holders was in October 2023, when Ethereum was trading around $1,800. pic.twitter.com/XhMonaaSPA

— IntoTheBlock (@intotheblock) August 12, 2024

At press time, ETH is trading near the $2,630 level and has remained stable for the last 24 hours. During the same period, it has also reached to $2,700 level. This stability, combined with the bullish price action pattern has led to a significant 95% increase in trading volume.

The post KfW To Launch $108M Blockchain Bond: The Game-Changer! appeared first on Coinpedia Fintech News

A Germany state owned development bank KfW, is stepping into the future. They are planning to launch  blockchain based digital bonds. It’s a big deal because it shows how traditional finance is starting to warm up to the world of cryptocurrency and blockchain. Let’s explore what is going to happen and what to expect from it.

Taking a Leap Forward

KfW isn’t new to digital bonds. They’ve already issued one under Germany’s Electronic Securities Act (eWpG). But now, they’re going a step further by launching a blockchain based bond. This is all part of the European Central Bank’s (ECB) trials to see how well blockchain can work with central bank money. Gaetano Panno, who manages transactions at KfW, made it clear that the bank is all about pushing the boundaries with new technology and reshaping the future of finance.

Source : BSD Press Release KfW Teaming Up with the Right Partners

To bring this plan into reality, KfW has partnered with Boerse Stuttgart Digital (BSD), a leader in the digital assets space. BSD is handling the crypto wallets and keeping the private keys safe throughout the process. This partnership is a big step in the right direction for both companies. Ulli Spankowski, who runs BSD, sees this as a major milestone in the digital transformation of finance.

KfW isn’t going at this alone. They’ve also got big names like DZ Bank, Deutsche Bank, LBBW, and Bankhaus Metzler on board as joint bookrunners. And Cashlink Technologies, a fintech company from Frankfurt, is taking care of the crypto asset registration. This is a team effort that shows just how important this project is in the financial world.

What’s Coming Next?

The bond is expected to be worth at least €100 million ($108 million) and will mature in December 2025. KfW isn’t the only player to experiment with blockchain. Industry’s big names like JPMorgan are also jumping in to try blockchain for bond issuance. The success of KfW will pave the way for other banks to get on board. Using blockchain technology will make transactions faster, less expensive, and easier to track.

As KfW pushes forward, everyone in finance is watching closely. We might be looking at the beginning of a new chapter where blockchain starts to blend in with traditional finance.

Also Read : Lost $93,494 in ETH with One Mistake? It Happened, and It Could Happen to You Too!

The post SEC Charges NovaTech in $650 Million Crypto Fraud Affecting Over 200K Investors Globally appeared first on Coinpedia Fintech News

The Securities and Exchange Commission (SEC) has announced significant charges against NovaTech Ltd. and its principals, Cynthia and Eddy Petion, for executing a massive $650 million cryptocurrency fraud scheme that impacted over 200,000 investors globally. Many of the affected are from the Haitian-American community. Additional charges were levied against key promoters who accelerated the scam’s reach, making this one of the most expensive frauds.

Couple Operated a Pyramid Scheme

According to the U.S. Securities and Exchange Commission, a couple who founded NovaTech Ltd. reportedly ran a pyramid scheme that raised over $650 million in cryptocurrency.

From 2019 to 2023, the Petions utilized NovaTech as a vehicle for a multi-level marketing (MLM) scheme masked as a legitimate investment in crypto assets and foreign exchange. They promised investors immediate profits and security of their capital, creating a facade of a risk-free investment.

However, the operation primarily redirected new investors’ funds to pay earlier investors and hefty commissions to the promoters, with only a minimal portion actually invested as claimed.

According to the SEC, the Petions also diverted millions from the scheme for personal use. The collapse of NovaTech left many unable to withdraw their funds, resulting in massive financial losses for the majority of the investors.

On Monday, the regulator charged NovaTech founders Cynthia and Eddy Petion, along with their company and promoters Martin Zizi, Dapilinu Dunbar, James Corbett, Corrie Sampson, John Garofano, and Marsha Hadley for their involvement in promoting NovaTech to investors. According to the SEC, the scheme impacted over 200,000 investors worldwide, including many from the Haitian-American community.

The SEC said, “Certain Defendants targeted affinity groups, in particular the Haitian-American community, and used religious overtones and appeals to financial freedom and independence to solicit investors.”

NovaTech Continued Scamming Despite Legal Warnings

The promoters played crucial roles in expanding the scheme’s reach. Despite encountering regulatory warnings and actions against NovaTech by U.S. and Canadian authorities, they continued to recruit new investors, actively downplaying the risks involved.

The SEC’s complaint includes charges of fraud and registration violations against all involved parties. It seeks permanent injunctions, the return of ill-gotten gains, and civil penalties. As part of a preliminary settlement, Martin Zizi has agreed to a $100,000 civil penalty and a permanent injunction, although other financial penalties will be determined later.

The SEC added, “NovaTech and the Petions caused untold losses to tens of thousands of victims around the world. As we allege, MLM schemes of this size require promoters to fuel them, and today’s action demonstrates that we will hold accountable not just the principal architects of these massive schemes, but also promoters who spread their fraud by unlawfully soliciting victims.”

In June, New York Attorney General Letitia James filed a lawsuit against Cynthia Petion, her husband Eddy Petion, and others, accusing them of defrauding thousands of investors. According to the SEC, NovaTech collapsed in May 2023, leaving most investors unable to withdraw their funds.

The post Lost $93,494 in ETH with One Mistake? It Happened, and It Could Happen to You Too! appeared first on Coinpedia Fintech News

Arkham Intelligence in their recent tweet shared info about an Ethher miner who just lost all his mined Ether in one transaction. There are speculations in the crypto community about the reason for this transaction. Some believe it to be a deliberate act while some think it to be a mistake. Let’s explore the story and try to unwrap the cause.

Transaction with High Gas Fee

On Aug 11, a wallet 0x89A7……8ee88, sent out a transaction of 0.877 ETH ($2,396) and paid a transaction fee of 34.625 ETH ($93,494) to process it. The current transaction fee for a transaction on Ethereum blockchain is 11 Gwei that is almost $0.097. This transaction has caused buzz in the community as to why a person would do such a thing.

Source : Ether Scan

Looking at the transaction history of this wallet, it is clear that this wallet does not belong to a normal user but an old Ether miner. This wallet was connected to nanopool – an Ethereum mining pool. This wallet received its first Ether mining reward payment on December 9, 2017 and continued to mine till June 6, 2019. The user mined for approximately 544 days and collected 35.5 Ether. 

What Could Be The Possible Reason

The Arkham intelligence, in their X post stated that this wallet holder has been mining ETH for 7 years, withdrew the ETH and burnt it accidentally.

Source : X(formerly Twitter)

The in-chain data from Etherscan shows this user was mining between Dec 09, 2017 and June 06, 2019 for a total of 544 days and not for 7 years as stated by Arkham. Analyzing the transaction where the wallet lost 34 ETH, it looks like funds were lost because of user’s carelessness. Almost every wallet that supports Ethereum blockchain gives the option to customize the transaction fee. This option is helpful to get your transaction approved on a priority basis. In this case, it looks like the person wanted to transfer 34.62 Eth to another account. Unknowing the wallet holder swapped the fields and lost all his Eth holding. This information was revealed by an X user, after which the Arkham Intelligence deleted their X post.

Source : X(Formerly Twitter)

This is not the first case of losing crypto due to users’ mistakes..

Thousands of ETH Lost

On May 8th 2023, an Ethereum wallet named fadedface.eth sent out a transaction of 84 ETH to uniswap V2 to wrap the tokens. The user wanted to buy “Four token”. To prioritize this transaction the user sent a transaction fee of 64 ETH. That time Ether was trading at around $1850 making the transaction fee of around $118,400 (currently $166,121) and the value of ETH sent to uniswap around $155,400 ($217,991). 

Source : Ether Scan

In another case, on Feb 19, 2019, an Ether mining wallet sent 2,730 Ether to Sparkpool in 3 transactions, to transfer 0.13 ETH to his wallet from the pool. On realizing his mistake he sent a message by blockchain to the pool offering to share half of the funds if they help him recover. The pool accepted the offer and returned him 1050 Ethereum.

The Big Question

These are only a few examples of mistakes that caused crypto users to lose a huge chunk of their holdings. There is no end to such cases. What could be the possible reason for such errors and mistakes? Experts believe the major reason behind it is the carelessness of the wallet holders. It is always advised to send out a little amount in a test transaction. This will eliminate such kinds of issues to a large extent. The other prominent reason is the inability of wallets to warn users when they edit the transaction fee. Whatever is the case, the obligation to check the details of a transaction lies upon the users, because it is their funds and they have to take responsibility for its security.

Also Read : USDT in Danger: The Impact of MiCA Regulations

The post Pepe Unchained ICO Raises Over $8M For Meme Coin Layer 2 Blockchain appeared first on Coinpedia Fintech News

Pepe Unchained ($PEPU), an Ethereum layer 2 blockchain focused on meme coins, has successfully raised $8 million at presale.

The ongoing token sale event is raising funds for the project’s development, which aims to build a memetic offshoot of Ethereum with lower fees and faster speeds.

Having raised over $8 million, Pepe Unchained is quickly becoming one of crypto’s hottest prospects. 

Layer 2s like Pepe Unchained are in higher demand than ever

The meme coin market is worth $39 billion – but many tokens are literally useless.

While their light-hearted nature has worked wonders, Pepe Unchained has the best of both worlds.

It injects the meme coin buzz it into a layer 2 blockchain akin to Polygon, Arbitrum, Optimism, or Blast.

These layer 2s are changing the game. 

They provide low-cost transactions within the Ethereum Virtual Machine.

And adoption keeps growing  – L2Beat reports transaction activity is higher than ever.

But Ethereum Founder Vitalik Buterin thinks this is just the beginning.

He’s talking about integrating all the layer 2s as one, which would make switching between them or transferring liquidity effortless.

That would be great for Pepe Unchained, making it even easier for users to onboard.

I think people will be surprised by how quickly "cross-L2 interoperability problems" stop being problems and we get a smooth user experience across the entire ethereum-verse (incl L1, rollups, validiums, even sidechains). I'm seeing lots of energy and will to make this happen.

— vitalik.eth (@VitalikButerin) August 5, 2024

But let’s take a step back. 

What exactly is Pepe Unchained, and how does it work? Allow us to explain.

Devs can create dApps, launch tokens, and much more with Pepe Unchained

Pepe Unchained is a blockchain like Ethereum, except with lower fees and 100x faster speeds.

But at Pepe Unchained’s core, it’s still a meme coin.

This should not be overlooked.

Most of the other joke tokens are content with a funny animal picture. But not Pepe Unchained.

It’s building a home for meme coins.

Are you ready to connect to the first meme coin layer 2? It’s coming soon! pic.twitter.com/4Dgs0pSkot

— Pepe Unchained (@pepe_unchained) August 11, 2024

Devs could build anything their imagination allows.

Picture this: a decentralized perpetual exchange to leverage trade meme coins.

Or they could get creative, building Play-to-Earn (P2E) games, a metaverse, or even an AI project.

The possibilities are endless.

Plans are already in motion. The team has launched staking and is also working on a dedicated Ethereum bridge and a block explorer.

All of this is why Pepe Unchained is exploding.

While boasting a viral allure similar to Pepe and other top meme coins, its layer 2 utility is what has got everyone buzzing.

And because the presale is ongoing, investors have a rare opportunity to participate at the earliest stage.

It could be like buying Pepe in April 2023 or even getting into the Ethereum ICO in 2015.

Retail is returning, and $PEPU will be a clear winner

“Pepe Unchained can do so well when retail investors return.”

They were ClayBro’s words about Pepe Unchained.

He looked at Google Trends and said everyday retail investors “are nowhere to be found.”

“It seems that nobody understands what’s going on with the cryptocurrency space, the economy, the stock market, and the amount of opportunity we have in our grasp right now,” he continued.

However, ClayBro anticipates retail will return in the coming months, and he thinks Pepe Unchained will be the clear winner.

“Pepe Unchained will see its massive rally once retail investors jump back into the cryptocurrency space – this is a layer 2 built for memes,” he said.

ClayBro then underscored that the layer 2 narrative is geared toward retail investors, given that many cannot afford Ethereum’s high transaction fees.

Moreover, retail investors love meme coins.

So, combining these two things, Pepe Unchained is primed for growth.

Today, investors can buy $PEPU at presale for $0.0090178. However, this price will rise throughout the campaign. The next increase will occur in one day.

Don’t miss out. Follow Pepe Unchained on X or join its Telegram for updates. Otherwise, visit its website to buy and stake tokens.

Visit Pepe Unchained Presale

The post 3 New Binance Listings to Watch This August appeared first on Coinpedia Fintech News

Investing in cryptocurrencies before centralized exchange listings can be a fast-track route to big gains.

For example, if you invested in Pepe one week before it was listed on Binance in 2023, you’d have 10x your money the day after it launched.

And with the crypto market approaching another bull rally, this could be a great time to buy potential upcoming Binance listings.

Let’s explore our top three picks:

PlayDoge

The reason PlayDoge might get listed is quite simple: it has huge demand and an unprecedented use case.

But here’s the exciting part: it’s currently undergoing a presale. Investors can buy in from the ground up at a fixed price.

The token will launch on exchanges soon, so those potential investors should be fast.

PlayDoge is a Play-to-Earn (P2E) crypto crossed with a meme coin.

Its P2E game is inspired by the 90s blockbuster Tamagotchi, which sold 82 million copies.

PlayDoge has a similar pet companion concept, where users will care for a pet doge. However, they’ll also be compensated with $PLAY rewards.

The game will launch on smartphones and be available for download on the App Store and Google Play Store.

PlayDoge has raised over $6 million at presale so far.

Investors can buy $PLAY for $0.00528, but this price will rise in one day.

Brett

Regarding market cap, Brett is the biggest meme coin without a listing on Binance. Moreover, numerous lower-market-cap meme coins have already been listed.

Should Binance expand its joke token roster, Brett will likely be up next.

Brett is based on an iconic character from Matt Furie’s Boys’ Club comic. Brett is also known as Pepe’s best friend, which provides a push from the vast Pepe coin community.

One of the things Binance looks for when listing tokens is a strong community, and Brett has over 100K followers on X.

It has also processed over $30 million in 24-hour trading volume, which is more than enough to get a Binance listing.

Analyst Bulloro also recently predicted that a Binance listing is coming soon. According to the analyst, this is one of numerous reasons Brett will hit $1 in 2024.

Kaspa 

Kaspa is one of the largest cryptocurrencies yet to be listed on Binance.

It currently holds a $3.9 billion market cap, making it the 22nd most valuable crypto asset (including stablecoins).

Even without a Binance listing, KAS has processed $88 million in trading volume today. Imagine how high that would be if it were listed on Binance.

As such, the Binance team will not want to miss this. After all, they profit from trading fees, so the more a crypto is traded, the better it is for them.

Kaspa has yet to list on Binance because of its advanced blockchain architecture, but experts believe the listing will occur shortly.

$KAS is my highest-conviction play.More so because T1 exchange listings are coming.Binance’s former lead listing researcher says it's not a case of if but when. I expect massive upside once it happens. Currently the MC is the same as that of Bitcoin in 2013 pic.twitter.com/lStVrKRaSj

— RVCrypto (@RvCrypto) March 11, 2024

Adding to the speculation, Binance recently added Kaspa to its mining pool, allowing users to mine KAS.

This shows that Binance is interested and bolsters the likelihood that a spot listing will follow. 

The post Bitcoin: No Breakout, No Trade, Says Peter Brandt appeared first on Coinpedia Fintech News

In the ongoing volatile cryptocurrency market, traders have liquidated a significant $205.86 million worth of short and long positions within just 24 hours. This likely occurred as Bitcoin the world’s biggest cryptocurrency, experienced significant price fluctuation between $60,500 and $58,000 level.

Peter Brandt’s Strategy 

Amid these notable ups and downs, Peter Brandt, a veteran trader and chartist made a post on X (previously Twitter) stating that Bitcoin (BTC) is in range bound and noted that “No Breakout yet so no trade.” This post on X has gathered massive attention from the crypto community. 

Perspective on chartingI do NOT trade opinions. I trade set-ups via classical charting principles. I avoid trades when price is range bound. My entry is on completed patterns. $BTC displays what is known as an inverted or expanding triangle. No breakout yet so no trade. pic.twitter.com/xHYxJMpBP1

— Peter Brandt (@PeterLBrandt) August 12, 2024

In his post, Peter shared his perspective on charting, stating “I trade set-ups via classical charting principles. I avoid trades when price is range bound. My entry is on completed patterns.”

Bitcoin’swhat  Chart Analysis

As of now, BTC has been moving in a descending channel pattern since March 2024. In this pattern, mostly range-bound traders participate by buying at support and selling at resistance levels. However, based on Peter’s recent post, it appears that he is a breakout trader. 

According to historical data or price action, whenever an asset’s price moves within a range for an extended period, it is often considered as a preparation for a significant upside rally. However, BTC has been in range bound for approximately 3 months.

Bitcoin Price Prediction 

Expert technical analysis suggests that BTC is bullish, as it recently found support at the lower level of the channel pattern and is currently trading above the 200 Exponential Moving Average (EMA) on a daily time frame. Based on historical price momentum, there is a high possibility that Bitcoin could reach the $67,700 level in the coming days.

Source: Trading View

Whereas, Peter’s post on X hints that the ideal buy opportunity might be near the $73,800 level, which is Bitcoin’s all-time high.

At press time, BTC is trading near the $60,150 level and has experienced a price drop of 0.2% in the last 24 hours. However, during the same period, its trading volume increased by 103%, indicating higher participation from traders due to significant price fluctuations.

The post Ethereum Teases Push To $3,000? TOP Altcoins for ETH Rally appeared first on Coinpedia Fintech News

As Ethereum (ETH) edges closer to the $3,000 mark, its ripple effect is likely to boost coins within its ecosystem, including Shiba Inu (SHIB), Toncoin (TON), and Pepe (PEPE). As the pendulum swings in Ethereum (ETH)’s favour, the related projects are smartly positioned to reap the benefits – and possibly even outperform the cryptocurrency itself. 

Ethereum (ETH) is driving the charge, and these coins are poised to soar as a result. Anyone looking to ride the wave of the crypto market’s potential surge would be wise to take a closer look and examine both ETH- and non-ETH-based coins that seem ready to skyrocket.

Ethereum (ETH): Eyes on $3,000 as Staking Activity Surges

Ethereum (ETH) is available between $2,523.26 and $2,707.82, indicating a consolidation phase that might lead to a breakout. The network is seeing boosted staking activity and lower gas fees, which is boosting overall confidence. 

The 10-day moving average at $2,581.2 suggests strong momentum. With an RSI of 34.9, ETH is approaching oversold levels, hinting at a potential rebound. If ETH can surpass the $2,707.82 resistance, it could rally towards $4,000. Positive market sentiment and technical indicators suggest that Ethereum is positioned for a significant move upward, making it a key asset to watch.

Minotaurus (MTAUR): Crypto Project of Tomorrow

With Ethereum (ETH) moves, smarter market players focus more on underrated market niches, including gaming. Providing a new spin on the hyper-casual gaming genre, Minotaurus (MTAUR) distinguishes itself with its captivating maze-running gameplay right away. As a minotaur, players must find their way through an endless maze. There is a 74% offer for tokens, but only at this specific stage.

Why Choose Minotaurus (MTAUR)?

Potential for Growth. With the casual gaming business increasing at a rate of roughly 9% per year, according to Statista, Minotaurus (MTAUR) has a great chance of becoming a big player in the space.

Incentives and Utility. Make use of several features, such as mini-games, speed enhancements, minotaur customization, and referral/vesting incentives.

Strong Future.  With tokens selling quickly at the presale price of $0.0000524 apiece, the project’s clear roadmap shows a positive trajectory, pointing to a strong future.

Shiba Inu (SHIB): Burning Mechanism Spurs Price Speculation

Shiba Inu (SHIB) has recently turned up its burn rate, removing over 38 billion SHIB tokens from circulation, raising questions about its price potential. Currently available between $0.0000133 and $0.00001444, Shiba Inu (SHIB) price action is subdued but bolstered by bullish sentiment from these burns. 

With an RSI of 36.34, nearing oversold levels, and a 10-day moving average at $0.00001372, Shiba Inu (SHIB) is at a pivotal point. If it can surpass the resistance at $0.00001973, a rise towards its all-time high of $0.00008616 may be achievable, making the coin’s aggressive burn a potential catalyst for significant upside.

Toncoin (TON): Liquidity Surge Following Binance Listing

Toncoin (TON) is experiencing a resurgence, available between $6.08 and $6.67 following its recent Binance listing. 

With high liquidity and a 10-day moving average of $6.015, Toncoin (TON) is showing a stable upward trend, while an RSI of 43.787 suggests room for growth. Breaking through the $7.828 resistance is key for Toncoin (TON) to continue rising. If successful, Toncoin (TON) could aim for its previous all-time high of $8.25 and potentially climb higher. The Binance listing has sparked renewed confidence, positioning Toncoin for a potential surge in value.

Pepe (PEPE): Can the Meme Coin Make a Comeback?

Pepe (PEPE) is trading between $0.000007681 and $0.000008753, reflecting its volatile nature as a new meme coin. The 10-day moving average at $0.000008014 indicates some stability, and with an RSI of 38.49, Pepe (PEPE) is approaching oversold territory, suggesting a potential rebound. 

To gain momentum, Pepe (PEPE) needs to break the resistance at $0.000013589, which could push it towards its historical peak of $0.00001717. Despite the inherent volatility in the meme coin market, current conditions might set up Pepe (PEPE) for a possible resurgence if market sentiment shifts positively.

Conclusion

As ETH nears $3,000, its impact could elevate coins like SHIB, TON, and PEPE. However, MTAUR stands out as a prime opportunity. It’s blending the growing casual gaming market with innovative gameplay and significant presale price cuts like no other. With its 74% presale offer and strong incentives, MTAUR seems poised to potentially outperform these well-known coins and capitalize on this specific crypto market’s upward trend since the hype is real.

Learn more about Minotaurus:

Website: http://minotaurus.io/

Announcements: https://t.me/minotaurus_official

Chat: https://t.me/minotaurus_chat

Twitter: https://twitter.com/minotaurus_io

The post AI Altcoins Will Lead The Charge This Year! Cryptocurrencies Poised To Make 10X Easily appeared first on Coinpedia Fintech News

AI-focused cryptocurrencies are set to dominate the market this year, promising remarkable returns. Experts believe these innovative digital assets can easily achieve significant growth, capturing the attention of savvy investors. The article will delve into the top contenders in this space, revealing which coins are primed for major success in the evolving landscape of crypto.

CYBRO Defies Market Challenges, Enhancing DeFi Investments with Smart AI Solutions

CYBRO is transforming the DeFi landscape by utilizing artificial intelligence to boost earning potential on the Blast blockchain. Despite being in its early stages, this innovative project has already captivated crypto enthusiasts, pushing its presale beyond $1.6 million.

CYBRO provides unmatched yield farming solutions that accommodate a variety of strategies, thriving under any market condition. The platform’s core is the CYBRO token, a high-utility asset set to become essential in the crypto world. Experts predict a remarkable 1200% growth potential due to its current undervaluation, making CYBRO tokens a smart choice for savvy investors.

CYBRO token holders enjoy a range of exclusive benefits designed to enhance their investment potential. With competitive staking rewards averaging 10%, investors can maximize their returns regardless of market conditions. Additionally, CYBRO owners gain access to airdrops, allowing them to receive free token distributions. Holders also benefit from reduced trading and lending fees and a comprehensive insurance program, ensuring a secure and rewarding platform experience.

With only 21% of the total tokens available for this presale and approximately 80 million already sold, the supply of CYBRO tokens is quickly running out. This is your golden opportunity to secure a stake in a project that stands out from the rest.

Injective (INJ) on the Verge of a Breakout Amidst Market Turmoil

Injective (INJ) is currently trading between $14.22 and $23.57. Despite the market dump, the bulls seem to be holding their ground. The coin’s nearest resistance sits at $29.50, with support at $10.81, suggesting potential for upward momentum.

The 10-day simple moving average is $18.92, just slightly above the 100-day average at $17.46, indicating a possible trend shift. The low relative strength index (RSI) at 38.15 suggests it’s undervalued, and the stochastic at 10.77 confirms it’s in the oversold zone. If the bulls push through, INJ could surge to $38.85, marking a potential rise of over 65% from its current range.

FET Shows Resilience Amid Market Chaos: A Bullish Uptick Ahead?

Artificial Superintelligence Alliance (FET) has seen a dip recently, staying between $0.76 and $1.20. Despite a drop of 13% over the last week and 25% over the past month, its 6-month trend shows a promising 29% increase.

The next key target is $1.48, with strong support at $0.59. RSI at 38.44 suggests it’s not overbought, leaving room for growth. Positive patterns mirror those from 2021, hinting at a possible bull run. If FET breaks past the $1.48 resistance, it could potentially rise to $1.93—a near 80% surge from the lower price range. The momentum is building, making it a coin to watch.

Internet Computer (ICP) Poised for Turnaround as Bulls Eye New Highs

Internet Computer (ICP) recently faced a pullback, with its price ranging from $6.38 to $9.01. Although bears have been active, driving the price down by nearly ten percent in the past week, bulls seem to be gearing up for a rally. If ICP can break past its nearest resistance level at $10.68, it could surge another 20-25%.

The RSI at 28.21 suggests it’s oversold, opening room for a bounce-back. With the right momentum, breaking the second resistance level at $13.31 would mark a significant bullish run, translating to a potential increase of around 50%. The patterns mirror 2021’s bull run, hinting at exciting growth ahead.

Conclusion

Although INJ, FET, and ICP show potential in the longer term, the spotlight shines brightly on CYBRO. This DeFi platform offers investors a chance to boost earnings with AI-powered yield aggregation on the Blast blockchain. CYBRO’s features include rewarding staking options, exclusive airdrops, and cashback on purchases. It ensures a smooth user experience with easy deposits and withdrawals. Known for its transparency and regulatory compliance, CYBRO has garnered significant interest from crypto whales and influencers. This project presents a strong case for being a top pick this year.

Site: https://cybro.io

Twitter: https://twitter.com/Cybro_io

Discord: https://discord.gg/xFMGDQPhrB

Telegram: https://t.me/cybro_io

The post Bitcoin Rallies as Marathon Digital Announces $250M Purchase Plan appeared first on Coinpedia Fintech News

After notable selling pressure during Asian Trading hours, the cryptocurrency market is recovering. This recovery comes following the announcement by Marathon Digital, the world’s largest Bitcoin miner, of a $250 million Bitcoin purchase.

Marathon Digital’s recent Bitcoin purchase announcement

On August 12, 2024, Marathon Digital announced that they are planning to raise $250 million of funds by issuing special debt called convertible senior notes that will mature in 2031. A Convertible Senior Note is something superior to other debt instruments. In this, the holder of convertible senior notes will be paid before other creditors.

However, these investments are coming from qualified institutional buyers who have options to turn their investment into company shares. 

In the announcement, Marathon stated that it plans to allocate a significant $250 million in funds to buy additional Bitcoin. However, on July 25, 2024, the firm has already increased its Bitcoin holdings by $100 million. Additionally, they announced that “we are once again adopting a full HODL strategy.”

Today, we are announcing that MARA has purchased $100,000,000 worth of BTC. And effective immediately, we are once again adopting a full HODL strategy. Learn more about our #Bitcoin Strategic Reserve: pic.twitter.com/pYxiclOtQa

— MARA (@MarathonDH) July 25, 2024

Impact of Marathon Digital on BTC price

This recent announcement by industry giants has the potential to attract investors, whales, and retailers. Meanwhile, following this announcement, the price of BTC experienced an upside momentum of 4% from $57,700 to $57,800 level.

At press, time it is trading near $59,750 level and has experienced a price decline of 1.2% in the last 24 hours. Meanwhile, its trading volume has increased by 93% during the same period. This increase in trading volume suggests higher participation from traders and investors following the announcement. 

Bitcoin technical analysis and upcoming levels

According to expert technical analysis, BTC looks bullish as its price once again comes above the 200 Exponential Moving Average (EMA) on a daily time frame. The price of BTC above the 200 EMA suggests it is in the uptrend on a higher time frame. 

Source: Trading View

This announcement has prevented BTC from experiencing further selling pressure and has turned the sentiment bullish. If this sentiment continues and BTC price closes a daily candle above the $62,000 level, there is a high possibility it could experience a massive upside move to the $66,000 level in the coming days.

The post Why Investors Are Flocking to MoonTaurus (MNTR) as the Next Crypto Success Story appeared first on Coinpedia Fintech News

MoonTaurus (MNTR) has captured the attention of crypto investors in 2024, promising outsized returns. Currently priced at $0.005 in its initial presale phase, MoonTaurus has already raised over $230,000, selling out 80% of the tokens. The next phase promises a 100% price increase, raising investor expectations and creating a sense of urgency.

MoonTaurus (MNTR)

MoonTaurus offers an early-bird opportunity with the potential for huge returns. The token has drawn in significant investment in its presale, raising over $230,000 in a little over a week. The first presale phase’s rapid progress, with 80% of tokens sold, showcases the high demand for MNTR. Investors are rushing to secure their share at the initial price of $0.005 before it doubles in the next phase.

The allure of MoonTaurus lies in its projected growth. With a launch price of $0.07, early investors can expect at least 1400% returns when the token hits the market, which is fueling the rush to buy MNTR tokens now. The quick sell-out rate in the presale is a testament to the growing belief in MoonTaurus’s future success.

Investors’ Confidence and Predictions

Analysts predict MoonTaurus as the next big meme coin of 2024, and the numbers support this optimism. Crypto insiders from successful tokens like Shiba Inu are now participating in the MoonTaurus presale, lending credibility and highlighting its potential. These experienced investors recognize the significant profit opportunities that MNTR provides, reinforcing the positive outlook.

The built-in scarcity of MoonTaurus adds to its appeal. With a fixed supply of 3 billion tokens, the limited availability ensures that as demand increases, so does the value of each token. This scarcity model creates a competitive environment where buyers vie for a finite number of tokens, driving up the price.

MoonTaurus is expected to perform well in the market following its launch.  The team has taken steps to protect the token from fluctuations, including strategically timed token releases.  Coupled with strategic pricing, this controlled token release is intended to mitigate inflationary pressures and enhance long-term value appreciation. These financial maneuvers demonstrate a deliberate approach to establishing a significant market presence and providing substantial returns to early investors.

Future Growth and Market Strategy

The team behind MoonTaurus has scheduled exchange listings to help secure the project’s future. The token is set to be listed on both decentralized and top-tier centralized exchanges. These listings will enhance liquidity and market accessibility, further boosting demand. Securing spots on prominent centralized exchanges will provide greater visibility and trading volume, while decentralized exchange availability ensures broad accessibility.

The team’s ambitious goal of achieving a $1 billion market capitalization reflects their confidence and commitment. Reaching this milestone would solidify MoonTaurus’s position as a leading meme coin and attract even more investors.

Community Engagement and Promotions

To engage its community and expand its reach, MoonTaurus is hosting a $100,000 giveaway. Ten winners will share the prize pool, with participation details available on the official MoonTaurus website. This initiative is designed to generate excitement and foster a strong community around the token.

MoonTaurus (MNTR) is rapidly emerging as a promising investment in the crypto market. With the opening phase of its presale nearly sold out and the price set to increase, the urgency to invest is palpable. The potential for a 1400% return on investment, combined with strategic market plans and strong community engagement, positions MoonTaurus as a standout candidate for the next big meme coin of 2024. The fixed supply of 3 billion tokens ensures scarcity, driving up value as demand grows. 

Website: https://moontaurus.com/

Linktree: https://linktr.ee/moontaurus

The post Future Finance DeFi Platform UnchainX Launches DEX (Decentralized Exchange) appeared first on Coinpedia Fintech News

Future finance DeFi platform UnchainX successfully launched its DEX (Decentralized Exchange) on August 9, 2024. UnchainX is a DeFi platform on Binance Smart Chain (BSC) that allows anyone with internet access to easily trade cryptocurrencies with straightforward, secure, transparent, and fast transactions.

On this day, UnchainX’s governance token, UNX, was listed on the UnchainX platform and continues to show growth. UNX debuted at $0.23 and traded at $0.80 on the same day, marking a significant 247% increase and maintaining its upward trajectory.

UNX, as the governance token of UnchainX, allows users to earn interest rewards by depositing their digital assets. Additionally, UnchainX plans to offer DAO governance features to UNX holders, enabling them to vote on key issues related to the UnchainX protocol.

UnchainX is preparing to offer unique features such as X DROP, XLauncher, and the RWA Market, which are not available on typical DEX platforms but can be accessed using UNX on UnchainX. Through these additional features, UnchainX aims to establish itself as an innovative decentralized future finance platform.

The post XRP $1.10 Call Option Sees A Huge Surge; Are XRP ETF Speculations Driving It? appeared first on Coinpedia Fintech News

Deribit’s nascent options market for XRP is witnessing a surge in activity, particularly in the $1.10 call option that represents a bet that prices for XRP will double by the month’s end. 

As of writing, XRP’s $1.10 call option, set to expire on August 28, had an open interest of 4,347,000 contracts valued at $2.44 million, making it the most favored among all available XRP options on the exchange. The amount is significant for an options market that is barely five months old. The number of active bets has increased by 838,000 contracts in the five months alone.

Can XRP Rise Above $1.10 By August?

According to Griffin Ardern, head of options trading and research at BloFin, the increased activity in the $1.10 call likely reflects a net long positioning. He said that if the resistance level of $0.75 from the past two weeks can be broken, the price of XRP is likely to rise above $1.10. He also added that institutions will likely apply for an XRP ETF in the U.S. which may be an important factor driving a sharp rise in prices.

But, Martin Cheung, Pulsar Trading Capital’s options trader was doubtful on whether prices could rally beyond $1.10 by August 28. When he was asked about the increased demand for $1.10 XRP call options, he said “XRP has rallied a lot this year, plus, I think people are betting the next ETFs to be approved will be on XRP and SOL,” 

However, he also added that the August end is too close and a potential XRP ETF announcement might drive prices higher by 20%, but $1.10 looks too far. 

Does Ripple’s Win Signal Towards A Potential ETF Coming Up?

Last Wednesday, U.S. District Court Judge Analisa Torres ruled on the SEC motion against Ripple Labs, stemming from a 2020 lawsuit over unregistered XRP sales. The court imposed a $125 million penalty and an injunction against further violations but rejected the SEC’s demand for a $2 billion fine.

Crypto analyst Doctor Profit took to X stating – “This aligns perfectly with my ETF approval ranking prediction: first BTC, second ETH, and third XRP- not SOL, as some have claimed.” Today’s decision is hugely bullish. Big investors who have been scared due to the lawsuit can now enter into XRP without fear.”

“The lawsuit pressure is over, and remember, we didn’t have a bull run in 2021 for XRP! This means the indicators are not just bullish—they’re extremely bullish for XRP with a very healthy chart!” he added further.

The post Dogwifhat(WIF) Recovers After Hit By $40M Withdrawals And Increased Short Positions appeared first on Coinpedia Fintech News

Dogwifhat(WIF) Recovers After Hit By $40M Withdrawals And Increased Short Positions.

The crypto market today had a slight correction and reversal, that made Bitcoin fall from $61000 zone to trade under $59000 and is now approaching back to $60,000. 

WIF Coin Stands Strong

While the whole market is making efforts to grow up, Solana-based memecoins are taking advantage of this thrust. The Top Solana memecoin DogWifHat, WIF coin today survived a significant bearish impact and validates a bullish trend ahead.

Reportedly, the on-chain analysis on Coinglass shows a decline of nearly $43 million in Open Interest value in 24 hours. Resulting in dropping the memecoin to nearly 10% before recovering to +0.22% in the latest sessions.

This is anticipated to be a result of panic selling as the market downtrend persisted after the coins had made a weekly growth of 55.99%. 

Additionally the Relative Strength Index (RSI) which indicates market momentum, has now turned the face back into the neutral position from the oversold zone. But Still, at 46, it needs to cross 50 to preserve the uptick moment. 

MACD in line with the signal line and with histogram closing, shows a trend reversal may be seen shortly. 

WIF Coin Price Prediction 

WIF coin after facing, massive wipeouts, and increased liquidation faced rejection at $1.82 and lost its flow. But in later sessions today the altcoin has bounced back high above its strong support of $1.52. 

The new support can be spotted at $.76, which is critical but good to face the slight corrections. Reclaiming the $1.82 zone will show a solid trend, and fellows to return to $2.  

If this happens a strong support zone will plotted to push the price above $2.3, $2.5, and towards $3 in the mid-term. 

Conversely, if the meme-coin loses the battle here it will be drawn down towards the support of $1.56, face outflows, and struggle back for recovery. 

The post Trump Revives Presence On X, Reveals New Campaign Ad appeared first on Coinpedia Fintech News

Donald Trump has once again sparked a nationwide buzz, reviving his presence on the social media platform X. He revealed a new ad amid the ongoing presidential campaigns, which gained significant traction. The post read, “We will Make America Great Again.” The current campaign ad also emerges at the time when Musk plans to initiate system scaling tests on the social media platform. Notably, the latest poll results as per the NY Times, indicate that Harris’ winning bets stood at 48%, whereas Trump’s bets stood at 47%.

The post SUI ($Sui) & Celestia ($TIA) Breakout Rally Eyes A 20% Upside This Week? appeared first on Coinpedia Fintech News

Despite increased selling pressure within the crypto market, mid-cap altcoins have displayed a bullish price action, highlighting a rising interest of investors in these altcoins to maximize their profits during the ongoing market turmoil.

In this article, we have covered the in-depth market sentiments, price analysis, and possible short-lived price targets of the SUI and TIA crypto tokens.

Sui (SUI) Price Action:

In spite of rising bearish sentiment in the cryptocurrency space, the SUI price has displayed a bullish action by recording a jump of over 20% within the past day. Further, it has surged approximately 120% over the past week and 40.11% during the last 30 days.

TradingView: SUI/USDT

The Moving Average Convergence Divergence (MACD) has displayed a constant rise in the green histogram, indicating an increase in the buying pressure within the crypto space. Further, its averages show a bullish rise, suggesting that the SUI price will continue gaining value this week.

If the market continues trading under a bullish sentiment, the SUI coin price will prepare to test its upper resistance level of $1.460. Conversely, if a bearish trend reversal occurs, this altcoin will plunge toward its crucial support level of $0.6125.

Celestia (TIA) Price Action:

Amid increased price volatility, the Celestia price has added approximately 2% within the past day with a trading volume of $81.432 Million, a change of -15.78%. Furthermore, it has jumped 30.16% over the past week and has secured the 57th position with a market cap of $1.164 Billion.

TradingView: TIA/USDT

The technical indicator, RSI continues hovering close to its halfway mark in the 1D time frame. Further, its average trendline shows a bullish curve, suggesting a potential positive reversal for the altcoin in the coming time.

Suppose, the bulls regain momentum, in that case, the TIA price will retest its resistance level of $7.60. However, if the bears overpowered the bulls, the Celestia coin price will retest its crucial support level of $4.435 this month.

The post Binance Announces Major Delisting Of 15 Cryptos: Bitcoin Gold and Monero Included appeared first on Coinpedia Fintech News

Binance announces a massive delisting of 15 cryptocurrencies, as part of its ongoing efforts to optimize its platform and provide users with a more focused trading environment. Set to take effect on September 1, 2024, it will affect a range of tokens. Most known among them are Bitcoin Gold, a well-known fork of the original Bitcoin, and Monero, a well-known privacy coin and old-timer cryptocurrency. Binance will be converting the remaining holdings of these 15 cryptocurrencies into USDC, a stablecoin pegged to the U.S. dollar, to ensure a smooth transition. 

The post Memecoins Recovering: Here’s What’s Next for DOGE, SHIB, PEPE, WIF, and BONK Prices appeared first on Coinpedia Fintech News

The weekend trade remained extremely bearish for the entire crypto space, which included even memecoins. The top 5 memecoins, Dogecoin, Shiba Inu, Pepe, dogwifhat & Bonk, are trying to rise above the bearish influence. Therefore, the buying pressure is slowly rising and hence the memecoins are about to gain mainstream attention soon. 

Dogecoin (DOGE) 

Dogecoin price is stuck around crucial support after rebounding from the levels below. Regardless of the bearish action, the price remains stuck above $0.1, which suggests the top memecoin is ready for the next price action. 

The DOGE price maintained its trade within a descending triangle and the recent bearish trend dragged the levels below the support. However, the RSI has rebounded from the lower support and is heading towards the average, which may lift the levels within the triangle and push it to the apex. As the price reaches the apex, it may trigger a bullish rebound and rise above $0.12. 

Shiba Inu (SHIB) 

The Shiba Inu price has been trading within a bearish descending parallel channel and has remained stuck along the average bands of the channel. However, the second-largest memecoin is close to triggering a bullish rebound and may head towards the upper resistance very soon. 

The price is trying very hard to breach above the average bands of the channel but is constantly failing to do so. The MACD is about to turn bullish as the selling volume has faded to a large extent. A bullish crossover may compel the price to maintain a healthy upswing towards the local resistance at $0.0000188, which coincides with the upper resistance of the channel. If the bulls display strength, a breakout could be imminent. 

Pepe (PEPE) 

PEPE price has dropped below the pivotal support but is displaying a huge possibility of a bullish continuation. The technicals have turned bullish and hence the price is expected to maintain a healthy ascending consolidation to reach the apex and trigger a breakout. 

The PEPE price has risen back above the crucial 200-day MA levels in a short while, which suggests the token is ready for a quick upswing. The price is expected to maintain a healthy upswing and reach the apex of the ascending triangle and hence is believed to trigger a breakout. Besides, the MACD is also close to undergoing a bullish crossover, which suggests the buying volume may soon increase and keep up the trend. 

dogwifhat (WIF) 

Similar to the other memecoins, the WIF price continues to trade within a bearish pattern and is believed to trigger a rebound from a crucial range. Regardless of the recent pullback, the price held the pivotal zone and hence a 30% rise could be fast approaching. 

The RSI has again triggered a bullish divergence as the crypto continues to maintain a healthy upswing, outpowering the bearish action. Therefore, the price is expected to enter the resistance zone between $2.15 and $2.29. If the bulls remained within the range, a rise above $2.45 could be imminent. 

Bonk (BONK) 

Being a little dissimilar to the market trend, the BONK price is feared to fall below the crucial support. After losing the support of the decisive symmetrical triangle, the price is stuck along the local support. However, bearish flags have been fluttering over the crypto and hence, a 20% pullback appears to be imminent. 

The RSI remains consolidated along the lower support and the Gaussian channel has just turned bearish. Therefore, the BONK price is feared to slip below the support at $0.00001994, which may lead the levels towards $0.00001407 if the bulls remain passive. Hence, the traders are required to be vigilant over the Bonk price rally.