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GeForce NOW adds 'GreedFall II: The Dying World' to its expansive game library, alongside new member rewards and updates. (Read More)
Paul Brody, EYs global blockchain leader, highlights how privacy is the missing piece for blockchain adoption in businesses and provides potential solutions to enterprise concerns.
a16z Crypto has announced the 21 startups selected for its CSX Fall 2024 cohort, focusing on AI, DeFi, infrastructure, and consumer applications. (Read More)
Maple Finance launches Syrup, a DeFi protocol offering secured institutional lending, amid lingering skepticism from the FTX-Alameda fallout.
Two Celsius creditors have filed a motion asking for a second distribution after they allegedly suffered reduced payments from possessing corporate accounts.
Bybit became the worlds second-largest crypto exchange, while the leading exchange, Binance, has lost some market share due to previous regulatory issues.
GeForce NOW adds 'Tell Me Why' and 'As Dusk Falls' to its cloud gaming library, alongside new titles like 'Still Wakes the Deep'. (Read More)
Notcoin (NOT), a relatively new entrant in the cryptocurrency market, has recently formed a falling wedge pattern on its price chart. This technical formation is characterized by converging trendlines that slope downwards, signaling a potential bullish reversal. Typically, a falling wedge pattern occurs after a prolonged downtrend, indicating that the asset’s price is likely to break out to the upside. The emergence of this pattern in Notcoin’s chart is drawing attention from traders and investors who are keen to understand its implications for future price movements. A confirmed breakout from the falling wedge could signal the end of Notcoin’s downtrend and the beginning of a new upward trajectory. However, it is essential to consider other market factors and indicators to gauge the strength and sustainability of such a reversal. This market outlook aims to explore the potential scenarios for Notcoin following the formation of the falling wedge pattern, providing insights into what traders and investors might expect in the near future. Analyzing Market Outlook For Notcoin On The 4-Hour And 1-Day Chart As of right now, the price of Notcoin is currently trading above the 100-day Simple Moving Average (SMA) on the 4-hour chart and is moving within the triangle, suggesting that the wedge might continue for a while before there is a potential break out. Confirming the above claim, the RSI line in the 4-hour RSI indicator has dropped below 50%, suggesting that sellers are still active in the market and that the asset will remain active within the triangle for a while. Meanwhile, in the 1-Day timeframe, it can be observed that Notcoin’s price is attempting a retest after a successful breakout above the upper base of the wedge. This means that Notcoin might go bullish after the retest. Also, the 1-Day RSI confirms this retest as the RSI line is seen dropping down from the overbought session toward the 50% level. Price Implication In The Event Of A Breakout In the event of a successful break above the wedge, Notcoin will begin to move upward toward the $0.029405 resistance level. If it breaks above this level, it will move higher to create a new high. However, if Notcoin’s price decides to do the usual and break below the wedge, it will start to descend in the direction of the $0.011381 support level. The price may move much farther to test the $0.007953 level and possibly other levels on the chart if it breaks below this support level. NOT‘s price was down by -1.13% as of the time of writing, trading at approximately $0.019, with a market capitalization of over $1.9 billion and a 24-hour trading volume of over $818 million. Featured image from Binance, chart from Tradingview.com
Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNIs price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around these levels will determine whether this move has real staying power or fades as another false start. The Bullish Reversal Setup: Why UNIs Price Action Matters Now UNI’s recent price behavior can be traced to a classic bullish reversal setup forming on the daily chart. Uniswap has broken out of a falling wedge pattern, a formation typically seen as a precursor to trend reversals. This breakout came after a decisive retest of the $4.6 level. Related Reading: Uniswap (UNI) In Trouble? Price Crash Below $6.7 Signals Bigger Problems What makes this setup particularly compelling is the combination of the falling wedge breakout and UNIs successful rebound from $4.6. This confluence of bullish signals implies that the bears may be losing grip, while bulls are regaining confidence. If the token continues to build on this momentum, it could pave the way for a larger upward move, confirming the trend reversal. Technical indicators are starting to confirm the bullish narrative. One of the key signals comes from the Relative Strength Index (RSI), which has rebounded from oversold territory and is now pushing upward, reflecting renewed buying interest and growing momentum. A continued rise in RSI above the midline (50) would further support the case for a trend reversal. Additionally, trading volume is beginning to show signs of recovery, with an increase of over 26%. The rising volume during this rebound suggests that the move is supported by genuine market participation. If volume continues to build alongside upward price movement, it could fuel Uniswap to challenge and break through key resistance levels in the coming sessions. Where Could UNI Go Next? With Uniswap now staging a notable recovery and forming a reversal pattern, traders are now turning their attention to the breakout scenario and where it could lead. After retesting the $4.6 support level and bouncing above the falling wedge with renewed strength, UNI appears to be building upward momentum. If the price sustains its bullishness, it might pave the way for a swift move higher. Related Reading: UNI Price Recovery Gains Traction Will It Smash Through Resistance? From a technical standpoint, the next upside targets lie around $5.5 and $6.7, where previous breakdowns occurred and volume peaks exist. A sustained move beyond those levels could even open the door for a test of the $8.7 mark in the medium term. Overall, if volume supports the push, it increases the potential to set off a larger rally. Featured image from Adobe Stock, chart from Tradingview.com
Core Scientific, a prominent blockchain and AI company, reported a significant shortfall in Q1 revenue despite posting a remarkable $580 million profit for the same period. This unexpected discrepancy has surprised many industry experts and analysts who were expecting higher revenue figures based on the company’s previous performance. The company’s impressive profit margin can be [...]
INJ, the native token of the Injective Network, commenced May with a fluctuating price action marked by a series of significant losses and gains. As INJ attempts to establish a stable price trajectory, popular market analyst with X handle Crypto Tony has highlighted a pivotal support zone for the altcoin in the coming weeks. Related Reading: Buckle Up, Injective (INJ) Primed For Takeoff Towards $50 Analyst INJ Must Not Fall Below $19.30 Level, Analyst Warns In an X post on Friday, Crypto Tony shared a vital insight on the INJ market which could create a sentiment of caution among many traders. The renowned analyst stated that INJ must maintain a market price above the $19.30 price zone, warning that a dip below this support level could spell danger for investors. While Crypto Tony did not say the extent of this danger, the possible loss seems to be likely massive as his statements implied the INJ bull traders could struggle to re-establish market control should the tokens price fall below the specified threshold. Furthermore, the analyst stated that early investors of INJ including himself would be immune to this potential downside. However, he still plans to pull out of the Injective market should the token lose its $19.30 support zone. Currently, INJ trades around $24.70 reflecting a gain of 4.68% in the last day after a period of intense market volatility. The altcoin appears to be gathering momentum for a bullish trend following negative performances in recent weeks resulting in a decline of 24.07% in the last 30 days. Related Reading: XRP Forms On-Chain Signal That Led To 16% Crash Last Time What’s Next For Injective? With respect to a highly anticipated crypto bull run, INJ, which gained by over 3,000% in 2023, has been marked by several analysts as one potentially favorable altcoin for investment in the coming weeks. Interestingly, these sentiments have been bolstered in recent weeks by a series of positive developments on the Injective network. For instance, Injective recorded 2.4 million transactions in a single day marking a new milestone in daily transactions for the Layer 1 network. In particular, the Injective 3.0 network upgrade has also been recently approved which is expected to tackle the inflationary problems of the INJ by decreasing the tokens minimum and maximum creation rate by 25% and 30%, respectively over the next two years on a uniform quarterly basis. Through these deflationary measures, it is expected that INJ would experience an increased scarcity which could, in turn, drive up the altcoins market value, thus contributing to a positive performance in the expected crypto bull run. However, investors are reminded that all cryptocurrencies are subject to varying levels of market volatility and are admonished to trade with all necessary caution. INJ trading at $24.66 on the daily chart | Source: INJUSDT chart on Tradingview.com Featured image from iStockphoto, chart from Tradingview
ADA price remains in a downtrend as a handful of factors weigh on the altcoin.
Crypto analyst Galaxy has drawn similarities between the current XRP price action and the 2017 bull run, when the altcoin recorded significant gains. He predicts the altcoin could soon rally to double digits, mirroring the 2017 rally. XRP Price To Rally To Double Digits As It Mirrors 2017 Rally In an X post, Galaxy indicated that the XRP price could rally to double digits as it mirrors the 2017 rally. He stated that XRP is almost perfectly following the breakout pattern of 2017 after 6 years of consolidation. The analyst added that the longer the consolidation, the bigger the price move. Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, Whats Next? His accompanying chart showed that the XRP price could rally to almost $40 on this breakout. The analyst seems convinced that the altcoin could witness such a parabolic move, considering that XRP surged by 61,000% in 280 days in 2017. The chart also showed that the altcoin will likely reach this target sometime next year. Crypto analyst Egrag Crypto has also stated that he expects the XRP price to reach between $27 and $33 in this market cycle. He believes that a repeat of the 2017 historical performance makes these price targets achievable for the altcoin. The analyst has also alluded to factors such as the XRP ETFs and Ripples expansion as factors that could drive this price surge. Meanwhile, crypto veteran Raoul Pal also affirmed that the XRP price has enough room to rally to the upside from its current level. He highlighted a bull flag that had formed for the altcoin, following its consolidation phase after last years rally. The veteran expects XRP to witness a bullish continuation after this consolidation phase, possibly rallying to as high as $5. This would mark a new all-time high (ATH) for the token. The Altcoin In A Bullish Phase Crypto analyst CobraVanguard asserted that the XRP price is in a bullish phase, while highlighting a falling wedge pattern that was forming for the altcoin. He remarked that this pattern indicates the altcoins potential to reach $3. However, the analyst warned that this setup could be invalidated if the wedge pattern is broken downwards with the strength of bearish candles. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing Meanwhile, crypto analyst Dark Defender noted that the XRP price is currently in Wave B of its Wave 2 corrective move. He predicts that the altcoin could rally to its current all-time high once the B and C waves are completed in this corrective wave. The analyst is also confident that the altcoin can rally to double digits in the long term. He once predicted that the altcoin could reach $18 based on his Elliott Wave Theory analysis. At the time of writing, the XRP price is trading at around $2.38, up in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com
A new technical analysis reveals that the XRP price has just confirmed a bullish reversal set-up on the 1-hour chart, following a strong rebound from a critical demand zone. This development has raised expectations of a potential short-term rally, as a crypto analyst forecasts higher targets in the coming sessions. XRP Price Bullish Reversal In Sight FrankFx14, a pseudonymous TradingView crypto analyst, has revealed that the XRP price has found solid footing between the $2.31246 and $2.37028 support area. The analyst also identified this range as a historically significant demand zone where previous buying pressure has consistently reversed price declines. Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing As XRPs price dipped into this demand zone on May 17, bulls stepped in, defending the lower boundary and triggering a sharp rejection. According to the analyst, the confirmation came with a bullish engulfing candle a widely recognized signal for a potential trend reversal. Trading at approximately $2.378 at the time of the chart analysis, XRP is now holding the top of this key demand zone, indicating renewed buying interest. The TradingView analyst has suggested that as long as the price remains above $2.37028, XRPs bullish outlook remains intact. According to the TradingView expert, the presence of XRPs bullish reversal setup is supported by the LuxAlgo Supply and the Demand Visible Range indicator. With XRPs price action breaking upward from its local bottom, the analyst points to $2.4939 as the next key level to watch. This price marks the mid-level of a previous supply zone and a likely resistance area. The next bullish target for XRP is $2.6031. The analyst has described this point as a major supply zone where sellers previously gained control. These price zones are now considered primary targets for short-term traders positioning for potential upside. FrankFx14 has urged traders to wait for further confirmation, highlighting that strong trading volume and candle closes above the $2.375 level would be the key to validating XRPs bullish continuation. Analyst Forecasts Mega Rally For The Altcoin XRP has officially broken out of a long-term Falling Wedge pattern, sparking optimism, with analysts like Crypto Avi believing that a mega rally could be on the horizon. According to his chart analysis, the token is now poised for a mid-term surge, targeting new all-time highs around $4.90. Related Reading: When Will The XRP Price Explode? Timeline Shared By Crypto Pundit Presently trading at $2.29, a surge to this bullish target would represent a significant increase of 114% for the altcoin. The chart illustrates that the cryptocurrency has been trapped in a downward-sloping channel since late 2024, consolidating in a pattern seemingly recognized as bullish. XRP is currently testing the Falling Wedges breakout level, which may now act as support. A sustained move above this level could confirm the analysts bullish thesis, paving the way for a potential climb toward $4.90. Featured image from Getty Images, chart from Tradingview.com
Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bulls favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone. How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username TitaniumXBTC spotlighted an encouraging technical setup on Dogecoins chart. The expert emphasized that DOGE has successfully broken out of a falling wedge formation while completing a rounded bottom formation. These two chart patterns, when combined, often signal the exhaustion of a downtrend and the start of a potential uptrend, laying a strong foundation for future price appreciation. Related Reading: Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off The analyst pointed out that this breakout has already been validated, with Dogecoin gaining momentum as it pushes beyond the key resistance area. The bullish pressure appears to be accelerating within the highlighted zone, suggesting that buyers are stepping in with growing conviction. This move, if sustained, strengthens the case for a mid-to-long-term rally, with the breakout zone acting as a launchpad for further gains. Despite the optimism, the expert cautioned that confirmation is necessary. Should the breakout hold and attract continued interest, Dogecoin could be poised to reclaim higher levels and potentially ignite a broader trend reversal. With bullish energy building, all eyes are now on DOGE to see if it can capitalize on this momentum and deliver on the promising setup. Dogecoin Bullish Path Ahead: Target Zones After The Breakout According to the crypto expert, the key price levels to watch for DOGE in the near-to-mid term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and alignment with historical resistance zones that could come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure The breakout’s confirmation suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels could serve as realistic upside targets for traders and long-term holders alike. Reaching these zones may attract increased attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume. Featured image from Getty Images, chart from Tradingview.com
Dogecoins price action is beginning to tell a quiet but compelling story, as key structural signals align to support a potential move higher. While the meme coin has stayed under the radar recently, a closer look at its chart reveals a foundation of gradually rising lows and well-respected support levels, which are classic traits of an asset quietly building strength. This setup suggests that Dogecoin may be forming a base for a larger upside move. If confirmed, the path ahead could see DOGE testing higher resistance zones as confidence subtly returns to the market. Ascending Wedge Emerges On DOGEs 30-Minute Chart According to a recent analysis shared by Thomas Anderson on X, Dogecoin is currently forming an ascending wedge pattern on the 30-minute chart, a technical setup often associated with potential breakout scenarios. At the time of his post, DOGE was trading around $0.17397, testing the 200-period moving average. Related Reading: What Will Send Dogecoin Soaring? Analyst Reveals The Key Drivers Despite this overhead pressure, the price remains securely above a critical support zone at $0.16424, reinforcing the strength of the current uptrend on this lower timeframe. Anderson further emphasized that short-term momentum appears bullish, supported by a steady increase in trading volume, a positive sign that market participants are engaging with the move. However, he issued a note of caution based on broader context: the 1-hour chart shows DOGE is trading near the upper boundary of the pattern. As the price approaches the patterns upper boundary, the potential for rejection and a pullback grows. Traders are advised to stay alert and consider both the bullish wedge on the M30 and the larger bearish context on H1, as this confluence might lead to heightened volatility in the near term. Dogecoin Nears Falling Wedge Breakout In a recent update shared on X, Whales_Crypto_Trading pointed out that DOGE is trading at the edge of a falling wedge pattern on the daily chart, a technical formation hinting at upcoming bullish reversals. This pattern has been developing over time, showing a gradual narrowing of price swings as DOGE coils within a tightening range. Related Reading: Dogecoin (DOGE) Eyes Breakout: Could an Upside Rally Spark Full-On Recovery? According to Whales_Crypto_Trading, if DOGE successfully breaks out of this wedge, it could unleash a powerful rally in the medium term, pushing prices 80100% higher. This projection aligns with historical behavior following similar wedge breakouts, where compressed price action leads to explosive moves once resistance is cleared. The setup highlights a crucial moment for DOGE, with bulls looking for a confirmation signal while bears attempt to maintain downward pressure. A clean breakout could shift sentiment decisively, turning this long-standing consolidation into a strong upward trend. Featured image from Getty Images, chart from Tradingview.com
The upheaval of gaming industry leaders In recent times, the gaming industry has witnessed the downfall of some major players. These giants, once renowned for their innovative technology and cutting-edge games, now face a difficult path forward as they struggle to navigate a rapidly changing landscape. Investors and industry analysts are closely watching the developments, [...]
The post The Rise and Fall of Gaming Giants: Exploring the Unfulfilled Promises of Onchain Gaming appeared first on Crypto Breaking News.
Hedera (HBAR) is steadily climbing, currently trading at $0.1749, reflecting a 1.74% increase over the past 24 hours. The token also posted a 7.58% gain over the last seven days, signaling renewed investor confidence. The digital asset, known for its enterprise-grade public network, is now showcasing a key technical pattern, a falling wedge, which typically […]
Hedera (HBAR) has caught the attention with promising technical patterns signaling a potential price surge. Hedera is holding strong above its crucial support level and aiming to test resistance to start its upward journey. HBAR recently hit its low at $0.1262, triggered by market volatility, but was able to hold support and strongly rebound from […]
Cosmos (ATOM) is expressing a bearish trend with the overall market and showing signs of decline in its price due to BTCs recent price volatility. Its price over the last week is down by 13.38%, and over the last month it is down by 14.05%. At the time of writing, Cosmos is trading at $3.97 […]
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