crispus, Author at coinpress https://coinpress.live/author/crispus/ coinpress - 24*7 Crypto Updates Sat, 11 Jan 2025 17:22:25 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://coinpress.live/wp-content/uploads/2023/11/cropped-coinpress_logo2-32x32.png crispus, Author at coinpress https://coinpress.live/author/crispus/ 32 32 Expert Explains Crypto Trading Strategies If You Have $1K, $10K, $100K & $1M https://coinpress.live/markets/expert-explains-crypto-trading-strategies-if-you-have-1k-10k-100k-1m/ Fri, 10 Jan 2025 18:58:50 +0000 https://coinpress.live/?post_type=markets&p=232968 The recent crypto bull market has created many millionaires, some of who started with less than $1,000. Bitcoin has already jumped by over 500% from its 2022 lows, while many smaller meme coins have surged by over 10,000%. One expert on X has shared some of the best crypto trading strategies for traders with $1K,

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The recent crypto bull market has created many millionaires, some of who started with less than $1,000. Bitcoin has already jumped by over 500% from its 2022 lows, while many smaller meme coins have surged by over 10,000%. One expert on X has shared some of the best crypto trading strategies for traders with $1K, $10K, $100K, and $1M. 

Best Crypto Trading Strategies To Make Millions

In an X post, Lynk, a popular crypto analyst with over 158,000 followers, explained how anyone can make a fortune in the crypto market. 

For investors under $1,000, he recommends cryptocurrencies that will increase in value two or threefold over a short period. After making their money here, he advises traders to sell about 70% of their portfolio and leave the rest invested. In this case, some tokens will go to the moon, while others will collapse.

Lynk also recommends investing in bigger meme coins if you have between $10,000 and $100,000. These meme coins tend to be less volatile than the smaller ones being pumped. Some examples of these mid-cap meme coins are the likes of Floki, Brett, and Popcat. 

Crypto traders with between $100k and $1m should buy big meme coins like Dogecoin and Shiba Inu, while those with $1 million in assets should go for large coins like Bitcoin and Solana.

Crypto With $1K, $10K, $100K & $1M
Crypto With $1K, $10K, $100K & $1M

Cryptocurrency Trading Has Made People A Fortune

Data shows that many people have made a fortune in crypto trading. LookOnChain identified one trader who made a $19 million profit buying Solana memecoin ai16z and $18 million trading Fartcoin.

Crypto Traders Profit
Crypto Traders Profit

It also identified another trader who made $11.5 million with ai16z, $3.32 million on Griffain, and $1.98 million on Zerebro. 

Crypto Profits
Crypto Profits

The chart below shows that tens of traders made millions buying Goatseus Maximus (GOAT), a crypto token that surged and then retreated. Also, as you can see, most of these profit leaders already sold the token, possibly at the top, leaving many retail investors holding the bag.

GOAT Token Profit Leaders
GOAT Token Profit Leaders

A key theme in all this is that some of the best-performing tokens are fairly new ones, which Lynk recommended to new traders. While old meme coins like Shiba Inu and Dogecoin generated good returns, their performance did not match those of newer ones. 

Another notable aspect of crypto trading is understanding the Wyckoff Method, which explains how assets accumulate, surge, distribute, and then plunge. The last chart above shows that the smartest GOAT traders made their money and sold before the markdown or plunge phase started. 

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Pepe Coin Price Could Rise 2X Soon 2 On-chain Metrics Indicate https://coinpress.live/markets/pepe-coin-price-could-rise-2x-soon-2-on-chain-metrics-indicate/ Fri, 10 Jan 2025 14:58:07 +0000 https://coinpress.live/?post_type=markets&p=232937 Pepe Coin price remains under pressure this week as Bitcoin falls below $95,000 and most meme coins retreat. This crash has erased almost $3 billion in value, pushing some holders to sell and take profits. Still, on-chain metrics like falling supply on exchanges and some technicals mean that the Pepe price may go vertical soon.

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Pepe Coin price remains under pressure this week as Bitcoin falls below $95,000 and most meme coins retreat. This crash has erased almost $3 billion in value, pushing some holders to sell and take profits. Still, on-chain metrics like falling supply on exchanges and some technicals mean that the Pepe price may go vertical soon.

Pepe Coin Price On-Chain Metrics Signal A Rebound Is Possible

On-chain metrics, or numbers recorded on the Pepe network, signal that the coin may be primed for a rebound. One of the most popular data is a coin’s supply on exchanges, which provides information on whether traders are buying or selling it. 

In Pepe’s case, Santiment data shows that the supply on exchanges has continued falling in the past few days. There were 147 trillion Pepe tokens down from over 218 trillion a few months ago. That number means that many holders, especially whales, have not moved their Pepe coins from their wallets to exchanges. 

Pepe Coin Balances on Exchanges
Pepe Coin Balances on Exchanges

In line with this, more data by IntoTheBlock shows that the number of large transactions has remained muted in the past few weeks. The figure stood at 354 transactions on Thursday, down from over 1,600 in December last year. This number means that many large investors continue to hold their positions, hoping that it will bounce back.

Pepe Large Transactions
Pepe Large Transactions

Pepe MVRV Indicator Points To Undervaluation

Meanwhile, more data shows that Pepe coin is undervalued. The market value to relative value (MVRV) indicator is one of the most popular tools to assess whether a coin is cheap or overvalued. It finds the z-score of the market value and the relative value ratio, with a low figure pointing to undervaluation.

The 30-day, 7-day, and 365-day MVRV ratios have remained under pressure as the coin pulled back. That is a sign that it has become a bargain for now. 

PEPE Price MVRV Indicator
PEPE Price MVRV Indicator

Another indicator known as TD Sequential has also flashed green. According to Ali Martinez, the indicator flashed red on January 4 leading to a 20% crash. It has now flashed green, pointing to a potential rebound.

TD Sequential Indicator
TD Sequential Indicator

Pepe Coin Price Analysis: Can It Rebound?

The daily chart shows that the value of Pepe has dropped to a crucial support level of $0.00001716. This is a notable level since it coincides with the 100-day Exponential Moving Average and the upper side of the cup and handle pattern. That could be a sign that it has formed a break and retest pattern, a popular continuation sign. 

If this is correct, it means that Pepe Coin price may bounce back and retest the all-time high of $0.00002830, up by 65% from the current level.

Pepe Coin Price
Pepe Coin Price

The risk, however, is that the coin may be forming a head and shoulders pattern, a high-risk reversal sign. Such a pattern may lead to more downside, especially if the coin drops below the 100-day moving average.

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Solana Price Today: Will SOL Overtake BNB Again? https://coinpress.live/markets/solana-price-today-will-sol-overtake-bnb-again/ Fri, 10 Jan 2025 12:19:52 +0000 https://coinpress.live/?post_type=markets&p=232897 Solana price today remains under pressure as bulls attempt to buy the dip following a 30% crash from its December highs. While BNB has also dropped, its performance has been less severe than SOL and other top altcoins. So, will SOL bounce back and overtake BNB again to reclaim the 5th spot in terms of

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Solana price today remains under pressure as bulls attempt to buy the dip following a 30% crash from its December highs. While BNB has also dropped, its performance has been less severe than SOL and other top altcoins. So, will SOL bounce back and overtake BNB again to reclaim the 5th spot in terms of market cap?

Solana Price Is At Risk Of A Deeper Dive

Technicals suggest that the SOL price is at a significant risk of a deeper dive in the coming days. It has just dropped below the trendline that connects the lowest swings since December 20. 

The coin has also moved below $193.65, the highest level on July 29, and the 50-day moving average at $204.60. Moving below these crucial support levels is a sign that the coin is not finding enough buyers just yet. 

Solana price now must remain above the support at $175.8, its lowest level on December 20. Indeed, in a recent note, Ali Martinez, a popular crypto analyst on X, warned that a drop below $180 will raise the possibility of it falling to $150 and then $130, a 30% crash. 

Therefore, SOL price may be at a significant risk of more downside as the trend of lower highs and higher lows continue. Also, from a macro level, it faces the risk of a meme coin bubble burst as those in its ecosystem have shed billions of value in the past few days. 

On the positive side, a Solana price drop to $175 may be a bullish thing as it will be a sign that it has formed a double-bottom pattern whose neckline is at $223. A double-bottom usually leads to a strong bullish breakout. 

Solana Price Chart
Solana Price Chart

BNB Price Cup And Handle Points To A Rebound

On the positive side for BNB, the weekly chart shows that it has been forming a cup and handle pattern. The upper side of this pattern is at $695, where it is trading presently. It has already completed forming the cup section and is now in the handle part. 

Therefore, as this Binance coin price forecast showed, there is a likelihood that the BNB price will stage a strong rally and move to $1,180. This price target is achieved by first measuring the depth of the cup, which stands at 70%. We then measured the same distance from the upper side of the cup.

BNB Price Chart
BNB Price Chart

Will SOL Overtake BNB Again?

BNB Flipped Solana Recently
BNB Flipped Solana Recently

Technically speaking, SOL price needs to remain above the crucial support at $175 to increase the possibility of overtaking BNB again. As things stand, the two have formed two uniquely different chart patterns, reducing the possibility that SOL will flip BNB soon. 

Fundamentally, however, Solana’s ecosystem is thriving, with the amount of stablecoins, DEX volume, and DeFi TVL being in a strong uptrend. Also, the possibility that the SEC will approve a SOL ETF will be a catalyst.

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Solana (SOL) Price Analysis for Today, 9 January 2025 https://coinpress.live/markets/solana-sol-price-analysis-for-today-9-january-2025/ Thu, 09 Jan 2025 15:54:54 +0000 https://coinpress.live/?post_type=markets&p=232777 Solana price continues to see elevated selling pressure as the sentiment in the crypto industry worsens. Crucial SOL bullish predictions have slipped as the coin has formed several risky chart patterns. So, will it bounce back on January 9 or will the downtrend continue? Solana Price Support and Resistance Levels The outlook for the SOL

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Solana price continues to see elevated selling pressure as the sentiment in the crypto industry worsens. Crucial SOL bullish predictions have slipped as the coin has formed several risky chart patterns. So, will it bounce back on January 9 or will the downtrend continue?

Solana Price Support and Resistance Levels

The outlook for the SOL price continues to darken today. It has dropped below the 50-day moving average and formed the risky three black crows candlestick pattern. This pattern is made up of three consecutive bearish candlesticks and is often a risky sign.

Also, the Relative Strength Index (RSI) has slipped below the neutral point at 50 and is pointing downwards. Therefore, the outlook for the Solana price is bearish, with the potential target being at $175, the lowest swing on December 20. 

On the positive side, SOL price token sits at the major S/R pivot point of the Murrey Math Lines indicator. In many instances, this level often provides some substantial support for an asset. It is also notable because it coincides with the small ascending trendline that links the lowest points since December 20. That is a sign that the coin may find some buyers at this level. If that happens, the Solana price may rebound to the top of the trading range at $203.

Therefore, Solana’s first support level is at $175.83, followed by the Strong, Pivot Reverse at $156. Its first resistance is at the psychological point at $200, followed by the strong pivot reverse level at $220.

Solana Price Chart
Solana Price Chart

SOL Odds Of Hitting $210 Are Falling

Crypto traders have turned highly bearish on Solana. According to Polymarket, the odds of Solana price rising to $215 by January 10 have fallen to a record low of 2%. This is a big drop since these odds stood at over 70% a few days ago.

Solana Price Odds
Solana Price Odds

Solana’s recent downtrend trend is happening because of the ongoing Bitcoin sell-off and the change in sentiment among traders. Bitcoin price has crashed below $95,000, while the crypto fear and greed index has moved from the greed zone of 65 to the neutral point of 55. 

This sell-off is mostly because of the rising bond yields as hopes of more rate cuts fade. Minutes released this week showed that officials are concerned about inflation. They now expect to cut rates two times this year.

In the future, however, Solana price has more catalysts that could push it higher. Odds of a SOL ETF approval have risen, while its fees and network activity have continued soaring this year.

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BTC Rivals to Buy Before Trump Approves Strategic Bitcoin Reserve https://coinpress.live/markets/btc-rivals-to-buy-before-trump-approves-strategic-bitcoin-reserve/ Thu, 09 Jan 2025 12:43:40 +0000 https://coinpress.live/?post_type=markets&p=232764 Bitcoin has had a dull start of the year, with its price moving further from its all-time high of $108,000. One potential catalyst for the coin will be Donald Trump’s approval of strategic Bitcoin reserves, a move that will benefit other cryptocurrencies. Here are some of the best BTC rivals to buy ahead of this

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Bitcoin has had a dull start of the year, with its price moving further from its all-time high of $108,000. One potential catalyst for the coin will be Donald Trump’s approval of strategic Bitcoin reserves, a move that will benefit other cryptocurrencies. Here are some of the best BTC rivals to buy ahead of this approval.

BTC Rivals Could Benefit If Trump Approves Strategic Bitcoin Reserves

BTC price will likely do well if the Trump administration approves strategic Bitcoin reserves. That’s because most coins tend to beat it when it is in a strong uptrend. Some of the top BTC rivals to buy if this happens are Ripple (XRP), Solana (SOL), Hedera Hashgraph (HBAR), and Tron (TRX).

Ripple (XRP)

If Trump moves ahead with strategic BTC reserves, Ripple is a top Bitcoin rival to buy, potentially this year. That’s because XRP has numerous catalysts, including the end of the Ripple SEC lawsuit, the continued use of the Ripple USD, the growth of the XRP Ledger network, and a potential Ripple Labs IPO. We have already reported that the RLUSD stablecoin has flipped PYUSD in terms of trading volume. 

Other catalysts for the XRP price include the potential approval of a Ripple ETF. Polymarket’s odds of that approval have grown to 71%. The price will also likely do well once Paul Atkins, who will replace Gary Gensler as the SEC chair, becomes the chair. 

XRP ETF Odds
XRP ETF Odds

Solana (SOL)

Solana is another top BTC rival that may do well if Trump approves strategic Bitcoin reserves. It has numerous potential catalysts, including the rising odds that the SEC will approve a SOL ETF. These odds have now jumped to 74%, which may keep rising as the new administration embraces a soft-touch regulatory approach. 

Solana continues to be the most popular blockchain for developers building meme coins, DePIN projects, and Real World Asset tokenization. Its network activity is growing, leading to higher volume, and more revenues. Data shows that, unlike Bitcoin, Solana pays holders a 7% staking yield, meaning that a $10,000 investment may generate $700 in annual returns.

Solana ETF approval
Solana ETF approval

Hedera Hashgraph (HBAR)

Hedera Hashgraph is a top Bitcoin rival to scoop ahead of strategic Bitcoin reserves approval. The main catalyst for this coin is that it has some of the biggest corporate names like Google and IBM as part of its governance. 

A Bloomberg analyst has also predicted that the SEC will approve a spot HBAR ETF soon since it has not mentioned it as a security. Hedera Hashgraph may also continue attracting developers into its ecosystem because of its faster speeds and low transaction costs.

HBAR ETF Odds
HBAR ETF Odds

Tron (TRX)

Justin Sun’s Tron price may do well in the trump administration. Historically, Trump is known for being highly transactional, meaning that he may order DoJ officials to stop their lawsuit on Sun since he invested in World Liberty Financial

Apart from that, Tron has become the most profitable blockchain after Tether, is handling billions of transactions in Tether, and has a 4.5% staking yield. Tron is also less correlated with Bitcoin. 

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Pi Network Price: Will Mainnet Delay Derail $100 Target? https://coinpress.live/markets/will-pi-networks-mainnet-delay-affect-100-price-target/ Thu, 09 Jan 2025 12:00:03 +0000 https://coinpress.live/?post_type=markets&p=232747 Pi Network, the highly popular crypto project, has plunged in the past few months. This crash happened after the repeated KYC and mainnet delay. With the mainnet launch set for Q1, there are chances that another delay will affect its predicted surge to $100. Will PI Network Delay The Mainnet Launch Again? The Pi Network

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Pi Network, the highly popular crypto project, has plunged in the past few months. This crash happened after the repeated KYC and mainnet delay. With the mainnet launch set for Q1, there are chances that another delay will affect its predicted surge to $100.

Will PI Network Delay The Mainnet Launch Again?

The Pi Network price surged to nearly $100 in October as the countdown to the first grace period continued. It then crashed to $47 and bounced back to $91 as this deadline neared. 

These gains were short-lived as the developers postponed the grace period again to December. The same trend continued, and in December, they extended the verification period again to January 31st of this year. In the statement, they noted that their goal was to launch the mainnet in the first quarter of this year.

They argued that more time was needed to ensure that at least 10 million pioneers moved their tokens to the mainnet. 

However, there is a risk that the mainnet launch may be delayed again as the developers have done repeatedly in the past few years. In the announcement below, the developers said that the open network can – not will – launch as soon as possible in Q1. Including the phrase can introduces uncertainty about the launch.

Pi Network Announcement
Pi Network Announcement

Pi Network’s developers have a lot to do ahead of the mainnet launch. They needs to verify millions of users, who will then migrate their tokens to the mainnet and create partnerships with tier-1 exchanges.

According to the pre-mainnet requirements, the network needs to have at least 100 mainnet-ready apps in its platform before the launch. There are now about 80 of these apps, meaning that they need at least 20 before the mainnet happens.

Pi Network Analysis: Path To $100 Remains Elusive

Crypto analysts have been optimistic that the Pi coin price will get to $100 as the mainnet launch approaches. However, these hopes have not materialized, and the token has continued to consolidate below $50 in the past few weeks. 

This consolidation has happened slightly below the 50-day moving average and above the ascending trendline that connects the lowest levels since September this year. This trendline has created an important support level as the coin has failed to drop below it. 

The other risk is that the Pi coin has formed a pattern resembling a head-and-shoulders pattern, a popular bearish sign. Therefore, another mainnet approval delay would likely lead to a bearish breakdown, possibly to support at $43.10, its lowest shadow on December 20. 

Pi Network Price
Pi Network Price Chart

Conversely, odds of approval would likely push the Pi Network price much higher, initially to $68.80, the right shoulder, then $100. Such a price action would mean that the ongoing consolidation is part of accumulation.

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Solana Meme ai16z Price Risky Pattern Points To a Crash To $1 https://coinpress.live/markets/solana-meme-ai16z-price-risky-pattern-points-to-a-crash-to-1/ Wed, 08 Jan 2025 15:33:08 +0000 https://coinpress.live/?post_type=markets&p=232589 With cryptocurrencies being in a freefall, even the best performers are not being spared. Solana meme ai16z price has joined other tokens in having double-digit losses this week. It has formed a risky chart pattern that points to a downside, potentially $1. Ai16z Price Analysis As A Risky Pattern Emerges The ai16z price has become

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With cryptocurrencies being in a freefall, even the best performers are not being spared. Solana meme ai16z price has joined other tokens in having double-digit losses this week. It has formed a risky chart pattern that points to a downside, potentially $1.

Ai16z Price Analysis As A Risky Pattern Emerges

The ai16z price has become one of the best-performing cryptocurrencies in the past few months as investors rotated to AI agent and Solana meme coins. It soared by over 13,000% from its lowest point in November and its highest point this year. 

The 4H chart suggests that the token may have more downside in the near term as it gets towards the markdown phase. It has formed what resembles a double-top chart pattern at $2.36, a popular bearish reversal sign whose neckline is at $1.7198.

The ai16z coin has also moved below the 50-period moving average and is slowly nearing the neckline. Therefore, a drop below the neckline at $1.7198 will validate the double-top pattern and point to more downside. 

Such a price action will lead to a more downtrend, potentially to the psychological point at $1, about 45% below the present level. This price is notable because it also coincides with the highest point on December 13. 

The bearish outlook will become invalid if the token rises above the double-top point around the $2.40 level. Such a move will mean more buyers in the market may want to push it to the psychological level at $2.

ai12z Price Chart
ai12z Price Chart

Wyckoff Method Explains The Solana Meme AI16Z Crash

The ai16z price has crashed because of the ongoing sell-off in the crypto industry that has affected meme coins substantially. CoinGecko data shows that most Solana meme coins have plunged by double-digits in the last 24 hours. That crash has dropped their combined market cap from over $21 billion last weekend to $18.6 billion. 

Solana Meme Coins
Solana Meme Coins

Pengu Penguins, Bonk, Dogwifhat, Fartcoin, Popcat, and Gigachad have all plunged by over 10% in this period. Bitcoin has also plunged below $95,000, leading to more sell-offs among smaller tokens.

The concept of the Wyckoff Method also explains why the ai16z price has crashed. This approach explains how assets move from an accumulation phase with little price movement, followed by markup, distribution, and markdown. 

The daily chart below shows these stages on the ai16z token. It remained in an accumulation in November, then the markup started in December. The recent movement could be part of the distribution and will be followed by the markdown.

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Ethereum Foundation Sells 100 ETH Amid Crypto Market Crash https://coinpress.live/markets/ethereum-foundation-sells-100-eth-amid-crypto-market-crash/ Wed, 08 Jan 2025 14:01:05 +0000 https://coinpress.live/?post_type=markets&p=232563 Ethereum crashes for two days in a row, and the outlook may get dire as negative catalysts remain. ETH balances on exchanges are rising, Ethereum Foundation continues to sell, while American bond yields are surging. So, will the Ethereum price rise to $4,000 or will it crash below $3,000 soon? Ethereum Foundation Sells ETH On-chain

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Ethereum crashes for two days in a row, and the outlook may get dire as negative catalysts remain. ETH balances on exchanges are rising, Ethereum Foundation continues to sell, while American bond yields are surging. So, will the Ethereum price rise to $4,000 or will it crash below $3,000 soon?

Ethereum Foundation Sells ETH

On-chain data spotted by LookOnChain showed that the Ethereum Foundation continues to dump ETH. It sold 100 ETH on Wednesday, continuing a trend that started in June last year. It has now dumped 4,566 tokens valued at almost $13 million.

ETH Foundation Sells Ethereum
ETH Foundation Sells Ethereum

Insider sales are often seen as being negative since they have more details about a project than external parties like investors. Still, data shows that Ethereum Foundation still holds a substantial amount of ETH in its treasury. According to DeFi Llama, it holds over $900 million of ETH in the treasury, making it fairly bullish.

The foundation’s sales come as the number of Ethereum tokens in exchanges has continued rising in the past few weeks. Chainalysis data shows that the change in exchange balances has been in a strong uptrend after bottoming on November 24. An increase in exchange balances is a sign that investors are selling. 

ETH Balances Exchanges
ETH Balances Exchanges

All this is happening as the bond market sends worrying signals in the stock and crypto market. The 30-year yield is closing in on the psychological point at 5%, its highest level in almost two years. Other short-term yields like the 10-year and 5-year have continued rising, a sign that investors anticipate a more hawkish Fed. Ethereum and other coins tend to underperform when yields are soaring.

US Bond Yields Are Soaring
US Bond Yields Are Soaring

Ethereum Price Analysis: Triple Top Or Inverse H&S?

The three-day Ethereum price chart is sending mixed signals as it forms two diverging patterns. On the positive side, the coin is showing signs of forming an inverse head and shoulders pattern. In this case, the head of this pattern is at $2,156, while the shoulders are around the $3,000 mark. The neckline is at the $4,000 level. 

If the pattern turns into an inverse H&S, there is a likelihood that the Ethereum price will jump to $4,000, followed by an all-time high of $4,800. This bullish ETH price forecast is supported by the fact that Ether does well in the first quarter of the year. 

Ethereum Price Chart
Ethereum Price Chart

On the other hand, there is a risk that the coin has formed a triple-top chart pattern at around $4,085. This pattern comprises three peaks and a neckline, which, in this case, is at $2,156. As such, even if the ETH price falls to just that level, it signals a 35% crash from the current point. 

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Looking For A Rich Retirement? Top 5 Ethereum Tokens To Buy Now https://coinpress.live/markets/looking-for-a-rich-retirement-top-5-ethereum-tokens-to-buy-now/ Wed, 08 Jan 2025 12:02:42 +0000 https://coinpress.live/?post_type=markets&p=232541 While American bond yields have surged this week, cryptocurrencies offer investors a good way to benefit from price movement and staking yields. With some Ethereum tokens yielding above 10%, these assets are doing better than bonds and dividend stocks. Let’s explore some of these ETH cryptocurrencies to buy for a rich retirement. Best Ethereum Token

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While American bond yields have surged this week, cryptocurrencies offer investors a good way to benefit from price movement and staking yields. With some Ethereum tokens yielding above 10%, these assets are doing better than bonds and dividend stocks. Let’s explore some of these ETH cryptocurrencies to buy for a rich retirement.

Best Ethereum Token To Buy For Your Retirement

Some of the highest-yielding Ethereum tokens are The Graph (GRT), Bittensor (TAO), Injective (INJ), Chainlink (LINK), and Mantra (OM).

The Graph (GRT)

The Graph is one of the top Ethereum tokens to buy and hold for your retirement. It is a unique crypto project developers use to access data using thousands of existing subgraphs. GRT has a staking yield of 14.60%, much higher than the 30-year Treasury yield of about 5%.

In addition to its high staking yield, the weekly chart shows that the token has been in a tight range since 2022. The accumulation and distribution indicator has been rising, a sign that smart money investors are buying the dip. The token also formed a triple-bottom pattern, with a neckline at $0.5. 

Therefore, the GRT price may explode higher in the near term. The initial target is $0.5, up 133% from the current level.

The Graph Price Chart
The Graph Price Chart

Bittensor (TAO)

Bittensor is another top Ethereum crypto to buy for retirement. It has a strong staking yield of 17.8%, making it one of the highest-yielding tokens. Bittensor is in the growing artificial intelligence industry. 

TAO has also formed an ascending triangle chart pattern whose upper side is around $683. This pattern often leads to more gains. As such, a move above the upper side of the resistance at $683 will signal to more gains, potentially to the psychological level at $1,000.

Bittensor Price Chart
Bittensor Price Chart

Injective (INJ)

Injective is one of the top Ethereum tokens to buy, with a staking yield of 10.67%. It is a layer-1 network focused on the DeFi industry and backed by Mark Cuban and Panterra. 

The INJ price has remained above the ascending trendline that links the lowest swings since August last year. It has formed a series of higher highs and higher lows, and is above the 78.6% retracement level.

The injective price may continue rising. The initial target to watch is last December’s high of $35, which is about 53% above the current level.

Injective Price Chart
Injective Price Chart

Chainlink (LINK)

Chainlink is a top crypto to stake thanks to its strong fundamentals and technicals. The most important fundamental is that it powers industries like DeFi and Real-World Asset Tokenization. It also offers a high yield of between 5% and 6%.

LINK price has formed a cup and handle pattern, is supported by the 100-day moving average, and other technicals. Therefore, there is a likelihood that the Chainlink price will rise to $50 in this crypto bull market.

Chainlink Price Chart
Chainlink Price Chart

Mantra (OM)

Mantra, a top Ethereum token in the Real World Tokenization, has continued to form a bullish pennant pattern on the daily chart. This pattern, which is shown below in black, is made up of a vertical line and some consolidation. Therefore, the OM price will likely have a strong breakout, with the first target being at $4.62, the upper side of the pennant. 

Mantra Ethereum Tokens
Mantra Price Chart

Other Top Ethereum Crypto To Buy For Retirement

The other top Ethereum tokens to buy and hold for retirement are the likes of Axelar, Band Protocol, Skale, and Casper Network. 

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Pepe Coin Volume & Social Dominance Drop: What This Means for PEPE Price https://coinpress.live/markets/pepe-coin-volume-social-dominance-drop-what-this-means-for-pepe-price/ Tue, 07 Jan 2025 15:59:13 +0000 https://coinpress.live/?post_type=markets&p=232400 Pepe Coin price remains pressured even as the sentiment in the crypto market improves, with Bitcoin sitting above $100k. The token’s momentum has waned, and more data shows that its volume and social dominance have pulled back, So, how will all these fundamentals affect the Pepe price? Is Pepe Coin Price At Risk As Volume

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Pepe Coin price remains pressured even as the sentiment in the crypto market improves, with Bitcoin sitting above $100k. The token’s momentum has waned, and more data shows that its volume and social dominance have pulled back, So, how will all these fundamentals affect the Pepe price?

Is Pepe Coin Price At Risk As Volume And Social Dominance Falls?

Third-party data shows that the daily volume of Pepe coin has been in a downward trend as its price lost momentum. Data by CoinGecko shows that the daily volume dropped to $1.4 billion on Tuesday, down from over $18 billion in November. This volume has crashed to its lowest level in over two months.

More data by LunarCrash shows that, while the social dominance has risen recently, it remains significantly lower than its highest levels last year. That is a sign that fewer people are posting about Pepe coin.

Pepe Volume is Falling
Pepe Volume is Falling

In theory, a sharp decline in a cryptocurrency’s volume and social dominance should be a bearish thing since it is a sign that interest is falling. However, in reality, such a big drop could be a good thing as it is usually a sign of accumulation by smart money investors. 

Pepe Social Dominance
Pepe Social Dominance

Pepe Price Technical Analysis As Chart Sends Mixed Signals

The daily chart sends mixed signals about Pepe price. On the positive side, the token has held steady above the 50-day and 100-day moving averages. It has also formed a break and retest pattern by dropping to the key support at $0.00001751, which was the highest level in May 2024 and the upper side of the cup and handle pattern. Such a retest is often seen as a continuation sign in the market. 

On the negative side, Pepe coin price has slowly formed a rising wedge chart pattern since December 20. This pattern is comprised of two ascending converging trendlines. It often leads to a bearish breakdown when they near their confluence levels. 

From a distance, there is a possibility that the coin is forming a head and shoulders chart pattern. Its head is at $0.0000283, while the right shoulder is at $0.000025 and the neck is at $0.000017. Like the wedge, the H&S pattern is often seen as a bearish pattern. This bearish view is in line with this Pepe price outlook.

Pepe Coin Price
Pepe Coin Price

Pepe Token Price Targets

Therefore, Pepe may move at either direction at this point. The most likely scenario is where the rising wedge works and the token drops to the support at $0.00001715. 

A complete bullish breakout will be confirmed if the token rises above the right shoulder at $0.000026. Such a move will invalidate the head and shoulders pattern and point to moe gains in the longer term.

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Binance Coin To Burn $1.02b Worth BNB: Will Price Hit $1,000? https://coinpress.live/markets/binance-coin-to-burn-1-02b-worth-bnb-will-price-hit-1000/ Tue, 07 Jan 2025 14:08:17 +0000 https://coinpress.live/?post_type=markets&p=232394 The crypto industry maintains its upbeat bias, with Bitcoin stuck above $101,000, and the crypto fear and greed index moving to the green zone. Binance Coin has also done well, with its price remaining above $700. Will the BNB price surge to $1,000 ahead of the upcoming token burn worth $1.02 billion? BNB Price Could

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The crypto industry maintains its upbeat bias, with Bitcoin stuck above $101,000, and the crypto fear and greed index moving to the green zone. Binance Coin has also done well, with its price remaining above $700. Will the BNB price surge to $1,000 ahead of the upcoming token burn worth $1.02 billion?

BNB Price Could Rally Ahead Of A $1.02b Token Burn

The Binance Coin has remained upbeat as the network prepares for a big quarterly token burn in the next few days. 

According to BNBBurn, the network will incinerate 1,630,246 tokens valued at over $1.02 billion soon. These burns are part of the quarterly autoburn, which is based on the BNB price and the number of blocks produced during the quarter. 

The website expects that the BNB network will then burn 1.545 million tokens with an estimated value of $1.097 billion in the next three months. 

The Binance network also conducts real-time burns that have removed 451 tokens with $328,478 from circulation in the last seven days, bringing the total tokens burnt to 247,337. These tokem burns are based on the network activity and the fees it generates. 

Combined, the real-time burn and the quarterly auto-burn have removed almost 58 million tokens currently worth $41 billion in circulation. That has left the circulating supply at 144 million, a figure that will move to 100 million over time.

BNB Coin Burns
BNB Coin Burns

Binance Coin Price Technical Analysis

The BNB coin price has been in a slow uptrend after bottoming at $188.3 in January. It has now soared above $695, the upper side of the cup and handle pattern. The upper side of the cup was at $695, where it reached in 2021 and November last year. It has also completed forming the handle section. 

Binance Coin’s uptrend is being supported by the 50-week Weighted Moving Average (WMA), a sign that the uptrend is continuing. It has jumped above the Demark pivot point and the Ichimoku cloud indicator. 

The C&H pattern has a depth of 70%. As such, if we extrapolate the same distance from the cup’s upper side, it means that the token will rise to $1,180 in the longer term. 

BNB Price Chart
BNB Price Chart

BNB Coin Price Targets

The immediate target for the Binance Coin price is at $1,000, which coincides with the first resistance of the Demark pivot point. A move above that level will bring the C&H pattern target into view. The rally to this point could take time since C&H pattern often takes longer to form. 

A drop below the first support of the Demark pivot point at $495 will invalidate the bullish view. If that happens, the coin may drop as low as $188, the lower side of the cup.

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Top 4 Crypto Tokens To Buy As DeFi TVL Hits $130 Billion https://coinpress.live/markets/top-4-crypto-tokens-to-buy-as-defi-tvl-hits-130-billion/ Tue, 07 Jan 2025 12:01:10 +0000 https://coinpress.live/?post_type=markets&p=232369 The amount of money locked in decentralized finance protocols has jumped from $53 billion in January 2024 to $130 billion, a sign that the industry is doing well. This growth may continue as the crypto bull run accelerates, a move that will benefit more DeFi crypto tokens. Here are some of the best cryptocurrencies to

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The amount of money locked in decentralized finance protocols has jumped from $53 billion in January 2024 to $130 billion, a sign that the industry is doing well. This growth may continue as the crypto bull run accelerates, a move that will benefit more DeFi crypto tokens. Here are some of the best cryptocurrencies to accumulate as the DeFi industry grows. 

DeFi TVL
DeFi TVL

Best Crypto Tokens To Buy As DeFi TVL Grows

There are many cryptocurrencies to buy as the DeFi industry grows, including Morpho, Lido DAO, AAVE, and DexBoss.

Morpho (MORPHO)

Morpho is one of the best crypto token to buy as the DeFi industry booms. It is a relatively new DeFi network with over $3.2 billion in assets, most of which are in its Ethereum network and the rest in Base. Morpho has become highly successful such that it made over $90 million in fees in the last 365 days. 

Morpho price has done well since its airdrop a few months ago. It has made a series of higher highs and higher lows. While th coin has lost momentum recently, it remains above the 50-period moving average, which is providing substantial support. 

The token will likely keep rising, with most gains expected when it moves above the all-time high of $3.7. A drop below the 50-period moving average will point to more downside.

Morpho Price Chart
Morpho Price Chart

DexBoss (DEBO)

DexBoss is significantly different from the other three crypto tokens listed here because it offers somewhat guaranteed returns. It is an upcoming DEX platform that is currently in a presale that has collected over $342,000 in funds.

The guaranteed returns comes from the fact that each token is selling at $0.011, lower than the eventual listing price of $0.0505. As such, if you buy today and hold it to the listing price, you will likely make a near 360% return. You can buy the DEBO token here.

Lido DAO (LDO)

Lido DAO, the biggest player in the DeFi industry, is another top crypto token to buy because of its strong fundamentals. It is a top fee earner that made over $1 billion in the last twelve months as its staking volume rises. 

LDO token has strong technicals as it has formed a cup and handle pattern whose upper side is at $2.47. It is now in the process of forming the handle section of this pattern. Also, the token has remained above the 50-day moving average. Therefore, a cross above the upper side of the cup will point to more gains, possibly to $4.035, the highest level in 2024.

Lido Price Chart
Lido Price Chart

AAVE (AAVE)

AAVE is another good crypto token to buy as it is slowly forming a highly popular bullish pattern known as a bullish pennant. This pattern has a flag pole and a triangle shape. The two lines of the triangle pattern are now nearing their confluence, pointing to more gains. Therefore, there is a likelihood that the value of AAVE token will rise to $500 in the near term.

AAVE Price Chart
AAVE Price Chart

These technicals are supported by the strong fundamentals as the network has over $22 billion in assets and made $480 million in fees in th last 30 days. 

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Pepe Coin Price Set to Crash 30% As Top Holders Sell PEPE https://coinpress.live/markets/pepe-coin-price-set-to-crash-30-as-top-holders-sell-pepe/ Mon, 06 Jan 2025 14:04:13 +0000 https://coinpress.live/?post_type=markets&p=232223 The recent Pepe coin price rebound could be nearing its end as some top holders start exiting and as active addresses fall. It could also come under pressure after forming a popular bearish chart pattern.  Pepe Coin Price Is At Risk As Top Holders Scale Back Pepe, the third biggest meme coin, has recovered by

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The recent Pepe coin price rebound could be nearing its end as some top holders start exiting and as active addresses fall. It could also come under pressure after forming a popular bearish chart pattern. 

Pepe Coin Price Is At Risk As Top Holders Scale Back

Pepe, the third biggest meme coin, has recovered by over 40% from its lowest level in December as investors bought the dip. 

Now, however, there are signs that some big holders have started to sell the coin, which could lead to more weakness in the near term. Santiment data shows that the supply held by top addresses as a percentage of total supply has dropped to 39.78 billion, down from over 45 billion tokens a few weeks ago.

Pepe Large Holders Are Selling
Pepe Large Holders Are Selling

More data by IntoTheBlock shows that the number of addresses has continued falling in the past few weeks. New addresses have fallen by 13.21% in the last seven days, while active addresses have dropped by 3.90%. This decline is a sign that many users anticipate that the token price will continue falling.

Pepe Active Addresses
Pepe Active Addresses

Meanwhile, smart money investors have also started to sell the Pepe coin as its price dropped from its all-time high. There are now just 90 smart money holders of the coin, down from near 110 a few weeks ago.

Pepe Coin Smart Money
Pepe Coin Smart Money

Pepe Price Chart Points To a Big Crash Soon

The 4H chart shows that the Pepe price peaked at $0.00002190 last week, where it formed a double-top chart pattern. This was an important price since it was along the 50% Fibonacci Retracement level, which provides crucial resistance. 

Now, the Pepe coin price has formed a rising wedge chart pattern, which results into a bearish breakout. The upper trendline links the highest swings since December 24, while the lower side connects the lowest levels since December 21. These two support and resistance levels are now nearing their convergence, which is when a bearish breakout usually happens.

Pepe Coin Price Chart
Pepe Coin Price Chart

Pepe Forecast Reveals Key Targets

Based on this technical analysis, we can estimate that the value of Pepe will soon have a bearish breakout. This view will be confirmed if it drops below the lower side of the wedge and the 50-period moving average at $0.00002020. Such a move will put Pepe at risk of falling to the December low of $0.00001433, which is about 30% below the current level. 

On the other hand, the bearish Pepe prediction will be invalidated if it rises above the key resistance at $0.00002190, the highest swing this month. That rebound will push it to the psychological point at $0.00002535, which is 22% above the current level.

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3 Signs Dogecoin Price Could Soar 30% in the Coming Weeks https://coinpress.live/markets/reasons-why-dogecoin-price-could-surge-30-soon/ Mon, 06 Jan 2025 12:53:05 +0000 https://coinpress.live/?post_type=markets&p=232213 Dogecoin price made a strong comeback last week after spending about two weeks in a steep consolidation. DOGE has now stalled again near the $0.40 level, but technicals and falling social sentiment score point to a strong rebound. So, can it jump to the next psychological point at $0.50? Dogecoin Price To Benefit From Falling

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Dogecoin price made a strong comeback last week after spending about two weeks in a steep consolidation. DOGE has now stalled again near the $0.40 level, but technicals and falling social sentiment score point to a strong rebound. So, can it jump to the next psychological point at $0.50?

Dogecoin Price To Benefit From Falling Social Sentiment

One potential catalyst for Dogecoin price is that its social sentiment has dropped to -0.60, much lower than where it was in March. This is an important metric that looks at the number of mentions on social media platforms like X. 

Dogecoin Sentiment Score
Dogecoin Sentiment Score

The social sentiment score often rises when a cryptocurrency is in a strong bullish trend as users maintain their optimism. In most cases, however, peak optimism often leads to sharp reversals, possibly as smart money investors start to sell.

At the same time, some cryptocurrencies often rise when the social sentiment score plunges. Again, the theory is that some smart money investors use the deterioration of the price movement to accumulate the coins. As shown below, Dogecoin price soared in November after the social score remained at a low level.

In line with this, data by CoinGecko and CoinGlass shows that Dogecoin’s daily volume and open interest are much lower than their last month’s highest level. 

Dogecoin Open Interest
Dogecoin Open Interest

DOGE Is Cheap, According To The MVRV-Z Score Indicator

Meanwhile, the market value to relative value z-score indicator shows that the value of DOGE is still cheap despite soaring by 365% from its lowest point in September. 

Glassnode data shows that the coin has a score of 2.40, down from November’s high of 2.70. The MVRV-Z score indicator compares a coin’s market value with the relative value and then standardizes the result using the Z-score. A figure below 3 is a sign that a cryptocurrency is cheap.

Additionally, the MVRV score has formed a cup and handle chart pattern, pointing to a potential rebound. 

DOGE MVRV Chart
DOGE MVRV Chart

Dogecoin Price Technical Pattern Points to More Gains

The 4H chart shows that the DOGE price has more upside to go in the near term. It rose from $0.3033 and peaked at $0.40 on Saturday. 

Dogecoin has risen above the 50-period moving average. In most cases, an asset is said to be bullish when it is above this average. The coin has also formed a bullish pennant pattern, which is made up of a long line and a triangle pattern. 

A clear break above $0.3986, the upper side of the pennant pattern, will point to more gains, with the initial target being at $0.4800, its highest swing in December. That momentum could push it to the psychological level at $0.50, which is about 30% above the current level.

Dogecoin Price Chart
Dogecoin Price Chart

The bullish DOGE price prediction will become invalid if the token drops below the key support at $0.34,17, the highest swing on December 25.

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Will ai16z Price Hit $3 After ByBit Listing? https://coinpress.live/markets/will-ai16z-price-hit-3-after-bybit-listing/ Mon, 06 Jan 2025 11:15:13 +0000 https://coinpress.live/?post_type=markets&p=232195 ai16z price has performed well in the past few months amid demand for Solana meme coins and AI agent-themed tokens. It recently jumped to a record high, turning it into one of the biggest cryptocurrencies. While the AI16Z token has pulled back a bit, the recent Bybit listing and the formation of a bullish pattern

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ai16z price has performed well in the past few months amid demand for Solana meme coins and AI agent-themed tokens. It recently jumped to a record high, turning it into one of the biggest cryptocurrencies. While the AI16Z token has pulled back a bit, the recent Bybit listing and the formation of a bullish pattern could push it to $3 in the near term. 

ai16z Price Rises Modestly After Bybit Listing, Will Gains Continue?

ai16z coin price remained in a tight range, rising by 4%,  on Monday even as Bitcoin flirted with $100,000 and after being listed by Bybit. It started trading on the second-biggest exchange on Monday, and data shows that users have started trading the token. According to CoinMarketCap, the AI16Z/USDT pair had a volume of over $2 million, a figure that may continue rising. 

A potential catalyst for the ai16z price will be more listing by tier-1 exchanges like Binance, Coinbase, and OKX. Most of its trading is happening in Solana DEX networks like Raydium and Orca, and tier-2 exchanges like Gate and Bitget. 

A likely reason for the sluggish reaction to the Bybit listing is that there are signs that some whales have started to capitulate after the AI agent token surged a few months ago. According to LookOnChain, one whale has started selling ai16z tokens worth $10.6 million using limit orders. It is not uncommon for whales to start paring back some of their positions after a big surge.

ai16z Coin Price Bullish Patten Points To More Gains

The ai16z coin price has performed well, rising from $0.01210 in November to $2 today, a 12,000% surge. However, this performance has now run out of steam, as the token retreated by near 25% from its highest level this month amid profit-taking. 

On the positive side, the token is slowly forming a chart pattern that could help to propel it to $3 in the near term. It is forming a bullish flag chart pattern, which comprises a long flag pole and a pullback. This pullback also resembles a falling wedge, another highly bullish chart pattern.

ai16z Price Chart
ai16z Price Chart

AI16Z Token Targets

Therefore, if the bullish flag works well, the initial AI16Z price target will be its all-time high of $2.50, which is about 32% above the current level. A clear break above that price will point to more gains, potentially to the extreme overshoot point of the Murrey Math Lines level at $2.73, followed by $3. 

Conversely, a drop below the lower side of the flag pattern will invalidate the bullish view and point to a drop to the 50% retracement point at $1.2650. 

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Will Shiba Inu Price Surge 45% As Open Interest Rises Steadily? https://coinpress.live/markets/will-shiba-inu-price-surge-45-as-open-interest-rises-steadily/ Fri, 03 Jan 2025 13:49:15 +0000 https://coinpress.live/?post_type=markets&p=231951 Shiba Inu price has been in a tight range in the past two weeks, mirroring the performance of most altcoins. Several fundamentals, like the upcoming Trump inauguration, falling SHIB coin balances on exchanges, seasonality, and rising open interest points to a potential rebound. So, will the Shiba Inu coin rise and retest its December highs?

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Shiba Inu price has been in a tight range in the past two weeks, mirroring the performance of most altcoins. Several fundamentals, like the upcoming Trump inauguration, falling SHIB coin balances on exchanges, seasonality, and rising open interest points to a potential rebound. So, will the Shiba Inu coin rise and retest its December highs?

Shiba Inu Price Could Rise Amid Fundamental Tailwinds

SHIB price is facing numerous tailwinds that could help it resume its uptrend. As we wrote earlier, the SHIB burn rate has continued to rise, reducing the number of tokens in circulation.

More data shows that more SHIB tokens are leaving exchanges, a sign that investors are holding it for longer. Shiba Inu coins in exchanges dropped by about 0.6% to 258.7 trillion from 260.3 trillion a week before. The total supply in exchanges stands at just 25.87, which is positive figure for the coin.

Shiba Inu Exchange Balances
Shiba Inu Exchange Balances

Shiba Inu price is also seeing more tailwinds in the futures market, where the open interest has constantly risen in the last few days. After bottoming at $50 million in December, the interest has risen each day, reaching a high of $65.4 million, the highest point since December 20.

Like other cryptocurrencies, SHIB coin price will see the benefits of the upcoming Trump administration and its emphasis on deregulation. It may also benefit from the upcoming Gary Gensler resignation and FTX distributions.

SHIB Coin Price Technical Analysis Points To An Uphill Battle To December Highs

So, will the Shiba Inu price jump by 45% and retest its highest level in January? Technicals are sending mixed signals about this. On the positive side, there are signs that the SHIB price has remained above the 200-day moving average, which has offered an important support. 

Shiba Inu has also remained above the rising trendline that links the lowest points since September last year. Additionally, the MVRV indicator, which compares the market value and relative value is at 2.7, a sign that SHIB is a cheap coin. It also formed a cup and handle-like pattern.

These indicators mean that the coin has found a strong support and that it may rebound in the coming weeks. A strong rebound could see it rise and retest its December highs. 

However, there is also a risk that the SHIB coin has formed a bearish pennant pattern, which may lead to a bullish breakout. 

Shiba Inu Price Chart
Shiba Inu Price Chart

Shiba Inu Coin Price Targets

A bullish move will see Shiba Inu coin rise and retest the resistance at $0.00003270, which is about 45% above the current level. A drop below the support at $0.00001857, its lowest point on December 20 will invalidate the bullish SHIB forecast and point to a drop to the ultimate support at $0.00001192.

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Fartcoin Price Prediction After Hitting ATH: Will It Hit $2? https://coinpress.live/markets/fartcoin-price-prediction-after-hitting-ath-will-it-hit-2/ Fri, 03 Jan 2025 12:57:01 +0000 https://coinpress.live/?post_type=markets&p=231935 Fartcoin price continued its strong surge this week, rising for five consecutive days, and reaching its highest level on record. Its volume and futures open interest have risen, and it has flipped a crucial resistance level, raising odds that it will hit $2 soon. Fartcoin Price As Futures Open Interest Hits A Record High Fartcoin

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Fartcoin price continued its strong surge this week, rising for five consecutive days, and reaching its highest level on record. Its volume and futures open interest have risen, and it has flipped a crucial resistance level, raising odds that it will hit $2 soon.

Fartcoin Price As Futures Open Interest Hits A Record High

Fartcoin price has been in a strong uptrend, transforming it into the fifth-biggest Solana meme coin in the industry with a market cap of $1.4 billion. This surge has been accompanied by higher volume in the spot market and soaring.

According to CoinGecko, its 24-hour volume rose to $244 million, its highest level since December 20th. At the same time, its futures open interest rose to a record high of over $136 million. That is a remarkable increase since the figure stood at less than $20 million on December 22. These are signs that Fartcoin price is gaining momentum, possibly as the fear of missing out (FOMO) continues.

Fartcoin Open Interest
Fartcoin Open Interest

Fartcoin Token Technical Analysis

Fartcoin price has soared by over 8,800% from its November lows, and technicals point to more gains in the near term.

The daily chart shows that the token has already crossed an important resistance level that presented it with substantial risks. It rose above the resistance point at $1.3050, which was the highest swing on December 20 and 25 last year. 

By moving above that level, Fartcoin managed to invalidate the formation of a triple-top pattern whose neckline was at $0.5760. This pattern is similar to a double-top, with the only difference being that it has three peaks. In most periods, an asset that has formed a triple-top usually crashes. 

In Fartcoin’s case, it rose above the triple-top and then retested it. A break and retest is a situation where an asset crosses a key resistance level, retests it, and then continues with the original trends. 

Fartcoin Price Chart
Fartcoin Price Chart

Fartcoin Price Targets

Therefore, these trends mean that the Fartcoin price may continue rising and tests the psychological point at $1.5. A volume-supported jump above that level will boost the chances of it hitting $2.

On the flip side, there are chances that the move above the triple-top point at $1.3050 is a false breakout. If this is the case, the coin may drop, with the next psychological point to watch being at $1. 

The case for a pullback is supported by the fact that Fartcoin price has attracted a lot of FOMO as it moves to the markup phase of the Wyckoff Method. As we wrote in this VIRTUAL price forecast, that could be a sign that the coin will slide as it moves towards the markdown. VIRTUAL has crashed by over 18% as we predicted, and Fartcoin may do the same.

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Ethereum Price Could Surge in Q1, But Risks Persists https://coinpress.live/markets/ethereum-price-could-surge-in-q1-but-risks-persists/ Fri, 03 Jan 2025 11:57:43 +0000 https://coinpress.live/?post_type=markets&p=231919 Ethereum price has started the year well as it rose for two consecutive days. Seasonality data suggests that ETH could have a great quarter with double or triple-digit gains. However, Ether will need to overcome several important barriers for this to happen.  Seasonality Shows Ethereum Price Rises In Q1 Historical data shows that ETH price

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Ethereum price has started the year well as it rose for two consecutive days. Seasonality data suggests that ETH could have a great quarter with double or triple-digit gains. However, Ether will need to overcome several important barriers for this to happen. 

Seasonality Shows Ethereum Price Rises In Q1

Historical data shows that ETH price tends to experience strong gains in the first quarter. According to CoinGlass, since 2017, Ethereum price dropped just in 2018 and 2022. 

Its best first quarter happened in 2017 when it jumped by 518%. It was then followed by a 160% increase in 2021 and 59% jump in 2024. Notably, the coin’s best first quarters happened when a new president was inaugurated in the United States.

Ethereum Seasonality
Ethereum Seasonality

While January has been a good month for Ethereum, February has been better as the coin has averaged 17% gains since 2017. Its only February in the red was in 2018 when it dropped by 24%. 

Therefore, this historical trend signals potential gains for Ethereum price. Some potential catalysts will be regulations, potential dovish twist by the Federal Reserve, and the upcoming FTX distributions

However, as described below, Ethereum will need to overcome major technical challenges to have a strong performance in Q1.

ETH Price Forms A Risky Pattern On Weekly Chart

The weekly chart paints a mixed picture for Ethereum price. On the positive side, it has remained above the ascending trendline that connects the lowest levels since May 2022. It has also formed a series of higher highs in the past few years. Ethereum also remains above the Ichimoku cloud and the 50-day moving average.

However, it has also formed a risky chart pattern known as a triple-top pattern around the $4,000 level. This pattern is made up of three peaks and a neckline, which in this case, is at $2,145, the lowest point in September last year. 

As a result, this pattern means that the value of ETH will have a strong bearish breakout in Q1. If this happens, the first target would be the neckline at $2,145, which is about 40% below the current level. 

On the flip side, a move above the triple-top pattern at $4,000 will increase the odds of ETH soaring to its all-time high at $4,800, followed by $5,000. 

Ethereum Price Weekly Chart
Ethereum Price Weekly Chart

Ether Price Forms A Bearish Pennant on The Daily Chart

The daily chart is also sending red alerts for Ethereum price. It initially formed a double-top chart pattern at $4,096 whose neckline was at $3,535. This pattern worked out well as the coin dropped to $3,100 in December.

Now, Ethereum has retested the neckline. A break and retest is usually a sign of a continuation. The coin has then slowly formed a bearish pennant pattern. Its flag pole started at $4,100 and the triangle has been forming and is nearing the confluence level. That is a sign that the coin may make a bearish breakout soon, with the initial target being at $3,100.

Ethereum Price Daily Chart
Ethereum Price Daily Chart

Ethereum Price Targets

ETH has numerous bullish catalysts for Q1. If bulls win, and invalidate the triple-top, it means that the coin will surge and possibly reach the all-time high at $4,800 followed by $5,000.

The alternative ETH price prediction is where the triple-top pattern works well and the coin falls to below $3,000.

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Ethereum AI Agent Token Virtual Price Hints 25% Crash https://coinpress.live/markets/ethereum-ai-agent-token-virtual-price-hints-25-crash/ Thu, 02 Jan 2025 15:57:07 +0000 https://coinpress.live/?post_type=markets&p=231793 Demand for artificial intelligent agents has jumped in the last few months, helped by the potential market size and the hype. VIRTUAL price soared and became the best-performing cryptocurrency in 2024. So, will the Virtuals Protocol token continue rising or will it suffer a strong 25% reversal soon? VIRTUAL Price Prediction: Faces Potential Downside Risks

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Demand for artificial intelligent agents has jumped in the last few months, helped by the potential market size and the hype. VIRTUAL price soared and became the best-performing cryptocurrency in 2024. So, will the Virtuals Protocol token continue rising or will it suffer a strong 25% reversal soon?

VIRTUAL Price Prediction: Faces Potential Downside Risks

The VIRTUAL token had a strong year as it surged from $0.057 in September to over $5 this week, a 10,500% increase. This surge was primarily driven by its ecosystem growth, especially the performance of G.A.M.E, Luna, and aixbt. It also happened because of the AI agent theme in the crypto industry.

The token faces potential risks that could lead it to more downside in the near term. For example, there are signs that it is forming a bearish divergence pattern on the daily chart. The Relative Strength Index (RSI) peaked in October and formed lower highs even as the coin surged.

Similarly, the Percentage Price Oscillator (PPO), which is a modified MACD indicator, has formed a bearish divergence pattern. These divergences can often take a longer period to trigger a bearish breakout.

Meanwhile, VIRTUAL price remains much higher than the 50-day and 100-day moving averages. That means that it may lead to a mean reversal, where an asset moves back to its recent averages. 

There are also signs that the coin is slowly forming a doji candlestick pattern. This pattern forms when an asset has a tiny body and long lower and upper shadows. It usually signifies that the asset opened and closed in the same price and is usually a reversal sign. The doji will be confirmed if the price ends the

Additionally, VIRTUAL price may be approaching the distribution or markdown phase of the Wyckoff Method. It went through an accumulation phase for months last year, and then moved to the markup, a phase characterized by higher demand amid FOMO. The next phase will be distribution followed by a markdown.

VIRTUAL Price Chart
VIRTUAL Price Chart

Virtuals Protocol Token Price Targets

If the bearish thesis works out, it means that the VIRTUAL token will drop in the next few days. If this happens, the next potential target to focus on will be at $3.3327, the highest swing on December 16, which is about 25% below the current level, Such a move would trigger profit-taking, which will move it to the 50-day moving average at $2.26. 

On the flip side, the coin may benefit from the January Effect and the ongoing crypto and AI tokens demand. If that happens, the markup phase could continue for longer and see it almost doubling to $10.

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4 Crypto Tokens Ready To 100X As Solana ETF Approval Odds Skyrocket https://coinpress.live/markets/4-crypto-tokens-ready-to-100x-as-solana-etf-approval-odds-skyrocket/ Thu, 02 Jan 2025 13:18:18 +0000 https://coinpress.live/?post_type=markets&p=231758 The recovery in Bitcoin price since the start of 2025, coupled with shaky BTC dominance, suggests that altcoins are ready to explode.. Some popular crypto tokens like Fartcoin, Stellar, and others have already bounced and recovered their losses. With Trump’s inauguration in less than three weeks, many anticipate these four crypto tokens could be 100X,

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The recovery in Bitcoin price since the start of 2025, coupled with shaky BTC dominance, suggests that altcoins are ready to explode.. Some popular crypto tokens like Fartcoin, Stellar, and others have already bounced and recovered their losses. With Trump’s inauguration in less than three weeks, many anticipate these four crypto tokens could be 100X, especially as the spot Solana ETF approval odds skyrocket.

Best Crypto Tokens to Buy Ahead of Solana ETF Approval

There are rising odds that the SEC, under Paul Atkins, will approve several spot Solana ETFs this year. Such a move will be a positive one for cryptocurrencies like DexBoss (DEBO), Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), and Brett (BRETT).

Virtuals Protocol (VIRTUALS)

VIRTUAL is one of the top crypto tokens to 100x ahead of the Solana ETF approval. Its surge happened because of the rising demand for AI agent tokens. On the daily chart, the token soared from a low of $0.02 in 2024 and crossed the key resistance at $5 on Thursday.

Virtuals Protoco’s has moved much higher than all moving averages and has formed a series of higher highs and higher lows. The Relative Strength Index has moved to the overbought level. Therefore, VIRTUAL will have some pullback on profit-taking and mean reversion followed by a strong rebound ahead of the SOL ETF approval.

VIRTUAL Price Chart
VIRTUAL Price Chart

DexBoss (DEBO)

DexBoss is another cryptocurrency token to buy for over 100x gains. It is a DEX platform currently running one of the best-performing token sales in the industry. It has raised over $274,000 as investors remain bullish about its prospects. DEBO’s main benefit for now is that its price is much lower than the eventual listing one. It is selling at $0.011, down from the listing price of $0.0505. You can buy DEBO here.

Fartcoin (FARTCOIN)

Fartcoin, a popular Solana meme coin, is another crypto token to buy. On the 4H chart, the token FARTCOIN token has rebounded, and crossed the key resistance level at $1.3021. By doing that, it has invalidated the triple-top pattern whose neckline is at $0.5785. 

Therefore, the token will likely keep rising, with the next psychological point to watch will be $1.50, followed by $2. A drop below the triple-top point at $1.30 will cancel the bullish view.

Fartcoin Price
Fartcoin Price

Brett (BRETT)

Brett is also one of the best crypto tokens to buy ahead of the Solana ETF approval. Its most bullish case is that it has formed a highly bullish chart pattern known as a falling wedge. The upper side of this wedge starts forming on December 8, while the lower side formed from December 9th. 

BRETT price Chart
BRETT price Chart

Brett, the biggest meme coin in Base Blockchain, soared to $0.14. It flipped the resistance at $0.1342, its highest level on Dec. 9. Therefore, Brett could rise, potentially to the next resistance at $0.1938, its highest swing on Dec. 13.

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