Ethereum News Daily Official TheBitTimes.com

The cryptocurrency market remains largely in a consolidation phase, led by Bitcoin (BTC), which is pushing to make a decisive break above the $85,000 resistance while targeting the $90,000 mark. Despite the suppressed price movement, several digital assets are exhibiting increased buying pressure that has elevated them into overbought territory, historically serving as a precursor to price corrections. While short-term traders might still find opportunities in such an environment, the risk of a downturn from the overbought conditions outweighs the potential rewards, hence the need to avoid the following two cryptocurrencies next week. Picks for you XRP ‘setting up for a bull rally to $15’, says expert 4 hours ago XRP price prediction as nu...

The XRP price dropped 3% in the last 24 hours to trade at $2.37 as of 11:20 p.m. EST on trading. The Ripple token fell even after Cboe BZX Exchange filed 19b-4s on behalf of Bitwise, 21Shares, WisdomTree, and Canary Capital to list and trade spot XRP ETFs (exchange-traded funds). 🚨BREAKING : WisdomTree, Bitwise & 21Shares JUST filed $XRP ETFs with CBOE. pic.twitter.com/7EfxwaieT8 — Armando Pantoja (@_TallGuyTycoon) February 7, 2025 The 19b-4 filing always comes as the second part of a two-step process for proposing a crypto ETF to the US Securities and Exchange Commission (SEC). XRP Price Aiming For A Rebound The XRP price chart exhibits a well-defined Elliott Wave pattern, currently in its fourth wave correction. A potential fifth wave (Wave 5) is projected to follow, targeting new highs. The Ripple token price is currently testing support levels, with a possible reversal in sight. The 50-day Simple Moving Average (SMA) at $2.62 is currently acting as dynami...

The Toshi price soared 68% in the last 24 hours to trade at $0.0006154 as of 11:29 p.m. EST on trading volume that skyrocketed 299% to $147.5 million. Toshi Price On A Sustained Bullish Rally The TOSHI price daily chart illustrates a clear transition into a bullish phase marked by a parabolic upward curve in the latter months of 2024 and early 2025. After a long consolidation period with low volatility from mid-2024 to October 2024, the Toshi price broke out in November 2024, moving above the 50-day Simple Moving Average (SMA) and the 200-day SMA, signaling a trend reversal.  This parabolic breakout has driven the price of TOSHI to recent highs near $0.0006154, according to data from GeckoTerminal . Historically, the chart shows multiple failed attempts to sustain above the 50-day and 200-day SMAs earlier in the year, but the current move is significantly different due to strong momentum and volume. The recent parabolic pattern suggests that speculative interest and bullish ...

The Thena price surged 146% in the last 24 hours to trade at $3.41 as of 11:26 p.m. EST on trading volume that surged 94% to $120 billion. Thena Price Gearing Up Towards A Bullish Rally The Thena price analysis on the 1-hour timeframe shows that THE is currently on a strong bullish trend, evidenced by the parabolic rise from the $1.0 support zone. Despite plunging from the $4.0 resistance, the price now seems to be rebounding from the $2.86 support, according to data from GeckoTerminal . The current rebound from the $2.86 support is forming what seems to be a rounding bottom pattern, which is typically a bullish trend reversal. THE now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the general bullish outlook. Meanwhile, the Relative Strength Index (RSI) is at 66.95, indicating that the asset is nearing overbought conditions but not yet at extreme levels (overbought threshold: 70). The RSI shows that the price still has room for upward...

The Grass price has plunged 17% in the last 24 hours to trade at $0.8184 as of 7:40 a.m. EST on a 27% drop in trading volume to $213 million. Grass Price Major Support Signals A Potential Rebound The GRASS/USD chart on a 30-minute timeframe indicates potential bullish and bearish signals that traders should consider. The current price stands at $0.8196, hovering just above a critical support level at around $0.80. This support has been tested twice, forming a double bottom pattern, which often signals a possible bullish reversal if the price can break above nearby resistance. However, the short-term momentum remains bearish, as the 50 Simple Moving Average (SMA) trends downward and sits above the current price, near $0.90. This level may act as the first significant resistance if a rebound occurs. GRASSUSD Analysis Source: Dextools.io The Moving Average Convergence Divergence (MACD) indicator also reflects a bearish sentiment, with the MACD line below the signal line and...

Avalanche AVAX has witnessed a substantial surge over the last week, rising 20% in price on the charts. Following its huge gains as part of the crypto boom in March 2024, AVAX saw a strong decline and was struggling to recover. However, the asset is beginning a long-waited rally on a strong note. Trading volume around AVAX is up 50% in the last 24 hours. Furthermore, the market cap for AVAX is up to $11.1B, putting it in 12th place on the cryptocurrency charts by market cap. Now that it has breached the expected $24 resistance level, the next steps are for AVAX to reach $33, which could happen by this weekend. According to the Relative Strength Index (RSI), buyers are now in a favorable position in the market. This positive momentum is critical for AVAX to bypass higher resistance levels. Furthermore, Avalanche AVAX’s open Interest rates and social media engagement have been increasing. This indicates that traders are more confident with Avalanche, and are gaining interest in the ...

Crypto analyst Ali Martinez says that the time for altcoins to outperform Bitcoin (BTC) is fast approaching, with Dogecoin (DOGE) perhaps set to benefit. Martinez tells his 71,900 followers on the social media platform X that Bitcoin dominance – which tracks the market cap of BTC versus the rest of crypto assets – is currently nearing the end of a rising wedge, traditionally viewed as a bearish setup if price breaks below the support line. Simultaneously, Martinez says the OTHERS chart – which tracks all crypto assets excluding stablecoins and the top 10 coins – is breaking out of a falling wedge pattern. The OTHERS chart is a widely used index to track the performance of altcoins. Says Martinez, “Things are getting interesting! Bitcoin dominance is showing signs of a potential breakdown from a rising wedge, while the altcoin market cap is breaking out of a falling wedge. Altcoin Season is just around the corner!” Source: Ali Martinez/X At time of ...

The Catizen price has surged 7% since since its launch two days ago even after falling 2% in the last 24 hours to trade at $0.8778 as of 10:53 p.m. EST on trading volume that plunged 53% to $432 million. This comes after the Telegram-based-tap-to-earn game launched and airdropped 150 million tokens to users, which was a part of the game’s Season 1 token distribution. Trading on The Open Network (TON), CATI went live on September 20, 6:00 a.m. EST. Catizen Price Prediction: CATI Aims For A Breakout Just after its launch, the Catizen price soared through a markup phase to as high as $1.09, before going through a correction. The Catizen price is now trading within the symmetrical triangle, as the bulls aim for a breakout, according to the CATI/USDT chart on the 1-hour timeframe. A bullish stance at this level could allow the bulls to prompt a breakout above the upper boundary, which could push the price of Catizen towards the next target at $1.10. Meanwhile, the Relative Stre...

The Toncoin price surged 5% in the last 24 hours to trade at $5.60 as of 5.10 a.m. EST on trading volume that soared 101% to $1.36 billion. The TON price’s 5% surge is part of a recovery from a drop seen on August 24. This was when the news emerged that Telegram founder, Pavel Durov, was arrested by the French authorities for his ties to Telegram. The French authorities held him accountable for enabling various illegal activities that criminals are organizing through the Telegram app. For example, they alleged Durov was complicit in money laundering, helping spread child pornography, refusing to communicate to authorities, and other illegal activities. Since then, the French authorities have been heavily criticized by Durov’s defenders for taking him into custody, claiming that the move represents an attack on freedom of expression. Since then, Durov has been charged and released after paying 5 million EUR-large bail, and while he is not allowed to leave the country, his ...

Ripple’s XRP had a momentary surge Tuesday morning, climbing 6% in the trading opening hours and driving optimism. The asset has underperformed along with most of the crypto market in August, staying under $0.60 most of the month. However, the market seems to have rebounded slightly this week, and XRP has increased by 3% in 7 days. Is $0.65 and beyond soon for Ripple’s native asset? Ripple XRP’s market cap has surpassed $33 billion, while its trading volume has surpassed $1.5 billion. Activity around the asset is high, with investors hoping that more interest around XRP can drive it back upwards. Additionally, other crucial numbers around XRP are growing, signaling bullish momentum. The Relative Strength Index (RSI) indicates that XRP could continue its surge toward the $0.66 resistance level. The signal line has risen above 50% and is trending around 69%. Also Read: Ripple: What Will XRP’s Price Be If Bitcoin Hits $300,000? Furthermore, multiple market analysts are r...

With XRP exhibiting bullish sentiment in the short term, historical technical indicators suggest that the cryptocurrency has more upside potential. In this regard, crypto trading expert Cryptoinsightuk pointed out in an X post on August 20 that XRP has flashed a bullish signal on the four-hour chart. According to the Analysis , XRP’s four-hour Relative Strength Index (RSI) has again entered the overbought zone, a condition that preceded a significant price surge. Picks for you This is how much you’d have if you bought a single gold bar 20 years ago 1 hour ago Brandon Aiyuk's net worth 2024: How rich is the San Francisco 49ers wide receiver? 1 hour ago ...