PEPE Shows Persistent Bullish Strength As Market Optimism Grows

PEPE has been on a remarkable upward trajectory, showcasing significant bullish momentum that has caught the attention of traders and investors alike. This sustained uptrend suggests strong market confidence and growing optimism about the prospects of PEPE. As the cryptocurrency continues to climb, market analysts are closely monitoring key indicators and trends to gauge how long this bullish phase might last and what potential heights PEPE could reach. In this analysis, we will dive into PEPE’s price prospects with the help of some technical indicators. As of the time of writing, PEPE’s price was trading at around $0.00001531 and was up by 3.33% with a market capitalization of over $6.3 billion and a 24-hour trading volume of over $1.5 billion. Its market capitalization and trading volume are down by 3.51% and 26.3% respectively in the last 24 hours. Technical View Of PEPE Price With Indicators From the 4-hour time frame, the price of PEPE is still actively trading below the 100-day Simple Moving Average (SMA), which is a clear indication that it might be poised for a more bullish movement. The 4-hour Moving Average Convergence Divergence (MACD) also signals that PEPE might move bullishly as the MACD histograms show signs of moving above the MACD zero line. In addition, although the MACD line and the MACD signal line are trending below the zero line, the MACD signal line is seen attempting to cross above the MACD line, suggesting that the price of PEPE might still move upward. In the 1-day time frame,  it can be observed that PEPE, after making a pullback is showing signs of undergoing a rally as it is dropping a daily bullish candlestick. Although the 1-day MACD is giving a bearish signal as the MACD histograms have dropped below the MACD zero line and both the MACD line and the MACD signal line have crossed while still above the zero line, there is the possibility that the development might turn bullish again based on the price action in the 4-hour timeframe. Future Prospects For The Meme Coin Based on the previous price action of PEPE, it can be observed that a high of $0.00001731 and lows of $0.00001313, $0.00001152, and $0.00000888 have been created which are key points in determining its next destination. If PEPE continues to move upward to the resistance level of $0.0001731 and breaks above it, it therefore means that it will move higher to create a new high. However, if it fails to break above this resistance level, it will begin a downward move toward the $0.00001313 support level. Should the price break below this support level, it might move even further to test the $0.00001152 level and probably other levels on the chart. Featured image from iStock, chart from Tradingview.com

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Chainlink Holds Strong At $15.29 Support Is A New Breakout Imminent?

Chainlink (LINK) continues to showcase resilience, holding firm within a well-established uptrend as the price consolidates near a critical support level at $15.29. This zone, which has previously acted as a launchpad for bullish momentum, is once again drawing attention as bulls defend it with determination. The current price action suggests that the market is taking a breather, potentially setting the stage for a fresh leg higher. With bullish sentiment gradually building and support holding steady, speculations are whether LINK can capitalize on this consolidation and ignite its next rally toward higher resistance zones. Why Chainlink Bulls Are Still In Control The current price action reveals that Chainlink has resumed its upward movement following a brief and healthy pullback. After testing the immediate support zone and holding firm above the $15.29 level, the bulls have stepped back in with renewed confidence. LINKs rebound suggests that the temporary pause in momentum was likely a consolidation phase rather than a full-fledged reversal, allowing the market to reset before continuing its ascent. Related Reading: Chainlink (LINK) Targets Rebound To $19 But Only If This Key Support Holds One of the standout bullish signals is LINKs recent break above the 100-day Simple Moving Average (SMA). This moving average often acts as a dynamic resistance in downtrends, and a successful close above it suggests a potential trend reversal or continuation of bullish momentum. Such a move typically garners the attention of technical traders, increasing the likelihood of follow-through buying pressure. Further confirmation comes from the MACD (Moving Average Convergence Divergence) indicator, which has now made a bullish crossover and climbed above the zero line. This momentum shift reflects a strengthening buying trend and hints that LINK could be gearing up for a broader breakout. If the current setup holds, LINK may soon challenge higher resistance zones, opening the door for a sustained rally. What Could Derail The Uptrend? While Chainlink shows promising signs of continuing its uptrend, the bullish momentum is still at risk. A failure to hold above the immediate support at $15.29 could invite increased selling pressure and signal a potential shift in sentiment. If bears push the price below this level, a deeper retracement toward the next major support zones is probable. Related Reading: Chainlink Shake-Up: Investors Pull $120 Million From Exchanges Additionally, overbought signals from momentum indicators such as the RSI might suggest exhaustion among buyers if they begin to flash warning signs. A bearish crossover or weakening in the MACD could further confirm waning strength. Traders should also be cautious of broader market volatility or negative macroeconomic developments, which can weigh heavily on sentiment even for technically strong assets like LINK. Keeping an eye on volume and price reaction at key levels will be critical to assess whether the uptrend remains intact or is at risk of faltering. Featured image from Pixabay, chart from Tradingview.com

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Bitcoin and Gold Are Breaking Down Near S&P 500 Highs, Analyst Alert

Bitcoin is outperforming the S&P 500 in Mike McGlones view, but it is weakening relative to gold, thus showing deeper market risks.

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Polkadot (DOT) Prints Classic Bullish Falling Wedge Big Breakout Imminent

In an update on X, crypto analyst Jascrypto pointed out that Polkadot (DOT) is currently forming a textbook bullish falling wedge pattern on the daily chart. This technical setup is often associated with a potential trend reversal, signaling the end of a downtrend and the beginning of a bullish breakout. As DOT continues to consolidate within the narrowing bounds of the wedge, market participants are starting to take notice. The structure suggests that bearish momentum may be weakening, allowing buyers to step in. With volume expected to increase upon a breakout, this pattern could mark a pivotal shift for DOT and spark a strong upside move, potentially starting a new bullish phase. Why The Polkadot Falling Wedge Is Bullish Crypto analyst Jascrypto recently highlighted that Polkadot has completed a breakout from a multi-month falling wedge pattern. Falling wedges are typically viewed as reversal patterns, and DOTs successful breakout suggests that downward pressure may be easing after months of consolidation. This structural shift reflects growing optimism and signals that the asset could be preparing for a larger upward trend. Related Reading: Polkadot Price Caught In A 5-Year Channel Can It Finally Break Free? Jascrypto pointed out that DOT is currently testing the 100-day and 200-day Exponential Moving Averages (EMAs), key technical levels that often act as strong resistance in bearish conditions. He emphasized that a decisive daily close above these EMAs would validate the breakout and signal a shift in market sentiment. According to Jascrypto, if Polkadot maintains momentum and closes above these critical levels, it may pave the way for a rally toward the $5.5 to $6.0 range in the near term. This move would mark a significant recovery phase for DOT, attracting fresh bullish interest from investors. In an alternative scenario, Jascrypto noted that the worst-case outcome might see Polkadot dipping as low as $3.120 on higher timeframes. However, he added that such a move could set the stage for a much stronger rebound, propelling the price above the $7 mark once momentum returns. Momentum Indicators Lean Bullish Is DOT Ready To Run? Momentum indicators are beginning to align in favor of the bulls, offering promising signals that Polkadot may be gearing up for a meaningful move higher. The 4-hour Relative Strength Index (RSI) has rebounded from oversold territory, hovering near the midpoint around 50. This shift indicates that bearish momentum is fading, and buyers may be gradually regaining control. Related Reading: Polkadot (DOT) Nears Critical Zone: A Reversal Could Trigger 180% Surge Adding to the optimistic trend, the 4-hour Moving Average Convergence Divergence (MACD) has shown a bullish crossover, where the MACD line crosses above the signal line. A move that often marks the beginning of a new uptrend or a pause in prior downside pressure. Combined, the RSIs recovery and the MACDs bullish signal suggest that DOTs momentum is shifting favorably, setting the stage for a potential breakout continuation if price action remains strong. Featured image from Medium, chart from Tradingview.com

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Bitcoin Caught In Bearish Drift As It Slips Below Key Support Averages, Bears Taking Over?

According to a recent post on X by Shaco AI, Bitcoin (BTC) is showing a bit of stage fright as it hovers just below key short-term moving averages, signaling a potential loss of momentum. At the time of writing, BTC is trading at $94,383, beneath both the 25-hour Simple Moving Average (SMA) at $95,192 and the 50-hour SMA at $95,675. This positioning reflects a cautious stance among traders, with bulls unable to reclaim control and bears subtly tightening their grip. The dip below these moving averages paints a short-term bearish picture, as Shaco AI described it, “Mama Bear pulling Baby Bitcoin down.” This metaphor highlights the building pressure on Bitcoin as it attempts to break free from its current consolidation range. Without a convincing move above these SMAs, the market may remain hesitant, with the risk of further downside looming unless stronger bullish momentum emerges soon. RSI And MACD Paint A Cautious Picture In his effort to further support his analysis, Shaco AI pointed to momentum indicators that are beginning to flash cautionary signals. One of the key indicators, the Relative Strength Index (RSI), is currently resting at a rather subdued 38.78.  Related Reading: Analyst Identifies When Bitcoin Price Will Reach Cycle Top Heres The Timeline This level typically suggests that an asset may be nearing oversold territory, hinting that Bitcoin could be undervalued at the moment. However, instead of signaling a confident bounce, the RSI appears more hesitant, as if BTC is simply feeling shy at this bearish gathering, uncertain whether to retreat further or gather the courage to rebound.   Adding to the uncertainty, Shaco AI drew attention to the Moving Average Convergence Divergence (MACD), which currently stands at -432.37. While this negative reading implies that bearish momentum is present, the MACDs behavior hasnt been decisive. Its more of a quiet murmur than a clear call, whispering secrets, as Shaco AI aptly described it, about a potential shift in trend.  He also noted an interesting detail for the crowd: trading volume has been notably muted. With current volume at 527.17304, falling short of the average 593.655497, its as if the market is tiptoeing, trying not to disturb the calm. This subdued activity suggests that traders may be sitting on their hands, waiting for a clearer signal before making any bold moves. Structural Levels For Bitcoin To Watch Analyzing Bitcoins current structural setup, Shaco noted that key support lies at $93,514.1, a potential safety net if bearish momentum intensifies. On the upside, resistance is firmly positioned around $96,593, acting as a critical barrier should BTC attempt an unexpected upward breakout. Related Reading: CMT-Verified Analyst Reveals When To Buy Bitcoin As Heikin Ashi Candle Turns Bearish In conclusion, Shaco AI advised traders to stay alert as Bitcoin teeters at a critical juncture. Whether it continues to drift downward or stages a bold rebound from its support levels remains to be seen. Investors should keep a close eye on momentum shifts and volume spikes for early clues on its next act. Featured image from Unsplash, chart from Tradingview.com

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Toncoin (TON) Forms Double Top Pattern, Bearish Or Bullish?

Toncoin serves as the native token of the TON ecosystem and has multiple use cases. The token like other native tokens such as Solana (SOL) and Ethereum (ETH) has been doing well, as it experienced a notable price rise, especially with the launch of Notcoin (NOT) recently.  Based on TON’s past price movements, the token has successfully formed a Double-Top chart pattern, which is typically followed by a price decline. With a 10% decrease in the past day’s trading volume to $152 million the price of TON is indicating a bearish trend. In the last 24 hours, TON was around -0.39% down with a market capitalization of about $15,52 billion and the price was trading around $6.44. TON, at the moment, is trading above the 1-day Simple Moving Average (SMA), but in the 4-hour time frame, it is trading below the range. Technical Indicators Point Toward Sustained Downtrend For TON From the 4-hour time frame, the price of TON is trading below the 100-day simple moving average, which is a clear sign that it might be poised for a bearish movement. The 4-hour Moving Average Convergence Divergence (MACD) also signals that TON might move bearishly as the MACD histograms are already trending below the MACD zero line. In addition, both the MACD signal line and the MACD line have crossed and are heading towards the MACD zero line of which there is a possibility they might move below it. On the 1-day time frame,  it can also be observed that the price TON is showing signs of going bearish as it is attempting to move toward the 100-day SMA. Given that the MACD histograms are trending below the MACD zero line, the 1-day Moving Average Convergence Divergence suggests a possible bearish trend ahead. Both the MACD line and the MACD signal line have crossed and are moving towards the direction of the zero line, as seen in the 4-hour timeframe. Crucial Points To Determine Next Move From TON’s previous price action, it can be observed that it has managed to create some highs and lows, which are key points in determining its next destination.  Currently, there is one major resistance level of $7.677 and two major support levels of $4.688 and $3.34. If the price TON continues to move downward and breaks below the support level at the $4.688 mark, it might move even further to test the $3.34 support level. However, if it fails to break below the $4.688 level, it will continue in its upward trend toward the $7.677 resistance level. Should the price break above this resistance level, it might move even further to create a new high. Featured image from Pinterest, chart from Tradingview.com

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Ethereum on the Verge of Surpassing Crucial Bitcoin Price Level, Triggering Potential 450% Increase

Ethereum is edging closer to a crucial Bitcoin price threshold that could result in significant gains, as seen in the past. With a potential 450% increase on the horizon, investors are eagerly watching the market dynamics unfold. The current trend in Ethereum’s price movements indicates a promising outlook for the cryptocurrency’s value. As it approaches [...]

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EU Commission urged to prepare for blockchain and AI integration

Decentralized AI networks, enhancement of smart contracts and emerging DeFi protocols are some of the upcoming trends in blockchain, according to EUBOF.

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Chainlink In Rally Mode: Rising Channel Formation Signals Continued Climb

Chainlink (LINK) is showing renewed strength as its price moves higher within a well-defined rising channel pattern. After a period of consolidation, LINK has entered a rally mode, forming the channel, a classic signal of sustained upward movement. This technical setup suggests that the bulls are firmly in control, and unless a major shift in sentiment occurs, the uptrend could continue in the short to mid-term. Chainlink Breaks Above 200 MA: Bullish Momentum Builds On M30 In an X post, crypto analyst Thomas Anderson highlighted that Chainlink is exhibiting notable bullish momentum on the 30-minute (M30) timeframe. According to Anderson, LINK has successfully broken above the 200-day moving average (marked in red on the chart), a significant technical milestone that often signals a shift in market sentiment. At the time of his post, LINK was trading around $15.560 and was actively forming an ascending channel,  a bullish price pattern characterized by consistently higher lows and higher highs. Related Reading: Chainlink Holds Strong At $15.29 Support Is A New Breakout Imminent? Anderson noted that the current price structure reflects sustained buying interest, with the Relative Strength Index (RSI) sitting comfortably at 64.23 just below overbought territory, indicating healthy momentum. Additionally, the MACD (Moving Average Convergence Divergence) indicator is in positive territory, further reinforcing the strength of the ongoing uptrend. However, he cautioned traders to remain vigilant as the price approaches the upper boundary of the ascending channel. This zone could act as a short-term resistance level, triggering a pullback or consolidation phase before further upside. Overall, the outlook for Chainlink on the M30 chart remains bullish. LINK Flips Bearish Structure On Daily Timeframe A crypto analyst @Whales_Crypto_Trading shared a bullish outlook on LINK, noting that the asset is currently breaking out of a descending channel on the daily timeframe. This long-standing pattern had previously kept LINK locked in a downward trajectory, but the recent price action suggests that momentum is shifting in favor of the bulls. A breakout from this structure is typically seen as a strong technical signal, indicating the potential for a significant trend reversal. Related Reading: Chainlink Flashes Daily Buy Signal Breakout Next? According to the analyst, a complete descending channel pattern suggests that Chainlink is no longer confined in a bearish trend and may now be positioned for a substantial upside move. With market sentiment showing early signs of turning positive, the breakout could mark the beginning of a new bullish phase for LINK, supported by improved technical indicators and increasing volume. He concluded by stating that this breakout sets the stage for a massive rally, with $28 identified as the next major target. Reaching this level would represent a strong recovery and a clear signal that bulls have regained control.  Featured image from Freepik, chart from Tradingview.com

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Verge (XVG) Price Prediction 2023-2032

The amount of information in the digital space is rapidly increasing annually. Confidentiality and protection of user data are the most critical tasks in the...

The post Verge (XVG) Price Prediction 2023-2032 appeared first on Cryptocurrency News & Trading Tips Crypto Blog by Changelly.

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XRP Makes Double Rejection Heres Where It Might Be heading Next

In a recent post on X, market analyst Andrew Griffiths pointed out that XRP has faced notable rejection at two consecutive resistance levels, first near $2.65, followed by another rejection at $2.57. The inability to hold above $2.57 on the second attempt is particularly telling, as it indicates that sellers may be stepping in earlier, defending lower levels. This pattern raises the risk of a deeper retracement if bullish support doesnt re-enter the market soon. Volume And Price Divergence At Resistance To provide further context on his recent analysis of XRP, Andrew Griffiths highlighted a critical divergence in volume between recent highs, which might signal a potential weakening in bullish momentum. As XRP reached higher price levels over the past few days, the accompanying trading volume has been progressively decreasing, suggesting that the market’s enthusiasm for higher price levels is fading. This volume-price divergence raises concerns that the upward momentum may not be sustainable without additional support. Related Reading: XRP Price Rejected At Resistance: Why $2.69 Holds The Key Griffiths highlighted the Relative Strength Index (RSI), which still suggests there could be potential for further upward movement in XRPs price. The RSI remains in a favorable zone, indicating that the market may continue to see bullish pressure, especially if it can break certain resistance levels.  However, Griffiths also expressed caution, acknowledging that while the RSI suggests upside potential, the weakening volume makes him reluctant to commit fully to the bullish side just yet. He emphasized the need for confirmation, either through stronger buying volume or a more sustained price move. If XRP fails to sustain its current price levels, Griffiths suggested that a pullback to earlier trend zones is likely, where price could find support and possibly consolidate. Such a move would not necessarily spell the end of the bullish trend but rather signal an opportunity for a better entry point at lower levels. XRP Rejection Signals Growing Uncertainty Among Traders Andrew Griffiths concluded his analysis by highlighting that uncertainty presently reigns in the market, making it difficult to predict the immediate direction of XRPs price action. While the cryptocurrency has experienced some bullish movement, the mixed signals from volume divergence and resistance rejections have created a situation where neither the bulls nor the bears appear to have full control.  Related Reading: XRP Sees Renewed Trader Activity as Market Absorbs Selling Pressure In terms of key levels, Griffiths identified $2.37 as a critical short-term support level that could provide some stability if prices start to retrace. This level has previously served as an important point of support during earlier pullbacks. Should the price hold above this support zone, theres still potential for a consolidation phase or a continuation of the upward trend if buying pressure picks up again. However, if XRP fails to defend this key level, it could signal downside risk, with a move toward the next support zones. Featured image from Getty Images, chart from Tradingview.com

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Top Crypto Leaders Converge in DC to Back Senate Stablecoin Legislation

cryptocurrency firms are urging Congress to make changes to a recently proposed crypto bill. The bill, known as the “Crypto-Currency Act of 2020”, aims to clarify the regulatory framework for cryptocurrencies in the United States. However, many companies in the crypto industry believe that the bill lacks important definitions and could hinder innovation in the [...]

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Solana Flips Bullish: Price Climbs Above Ichimoku Cloud With Strong Momentum

Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com

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Bitcoin on the Verge of New Highs: Euphoric Bulls Suggest an Overheating Market

Bitcoin is currently on the brink of reaching new record highs, with the price surging close to this milestone. However, some analysts are wary of the overly optimistic sentiment among investors, warning that the market may be overheating. The cryptocurrency has been experiencing a significant rally in recent weeks, attracting more interest from both retail [...]

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Arthur Hayes: Bitcoin May Break Free from Nasdaq Ties

Arthur Hayes suggests that Bitcoin is decoupling from Nasdaq as it holds strong while Nasdaq plunges 13%.

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Toncoin Takes A Hit With 12% Correction After Failing To Break $4.34, More Pain?

Toncoin rally has hit a roadblock, with the price slipping 12% after failing to breach the key $4.34 resistance level. The strong upward momentum that previously fueled TONs gains lost steam as sellers aggressively defended this price zone, triggering a wave of profit-taking and increased bearish pressure.  With momentum cooling off, market participants are now watching key support levels to see if bulls can regain control. A decisive hold above crucial zones could set the stage for another breakout attempt, while continued weakness might expose Toncoin to further downside. 12% Correction: Understanding The Price Drop Toncoins recent 12% correction following its failure to break through the $4.34 resistance level has raised concerns among traders and investors. To understand this price drop, its essential to examine the factors at play. A correction of this magnitude typically reflects a shift in market sentiment, often driven by profit-taking, a rejection at key resistance levels, or an overall weakening of bullish momentum. Related Reading: Toncoin (TON) Investors Sitting On 54% Profit Despite Price Plunge After a failed breakout attempt at $4.34, the market faced a pullback, where the price retreated as sellers gained control. This is a natural response in the market when an asset struggles to sustain momentum after reaching a significant barrier. The 12% drop suggests that some traders may have begun to lock in profits after the recent rally, while others opted to exit positions as the price failed to move higher.  Additionally, broader market conditions and technical indicators have likely contributed to Toncoins recent 12% correction. In tandem with this, the Moving Average Convergence Divergence (MACD) indicator has shifted into a bearish crossover. The MACD’s bearish signal, coupled with the fading market sentiment, suggests that bullish pressure is weakening, which likely fueled the selling activity. Such a correction is not unusual in volatile markets like cryptocurrency and is often viewed as a natural market reset. However, it signals a loss of immediate bullish momentum, with the price now testing the $2.36 support level. This level should be closely monitored as it will determine whether Toncoin can stabilize or if a further downside is likely. Whats Next For Toncoin? Potential Scenarios Post-Correction After Toncoins 12% correction, the key question is what lies ahead for the cryptocurrency. The price has faced a strong rejection at the $4.34 resistance level, and now, as it approaches critical support levels, several scenarios could unfold. Related Reading: Key Metrics Indicate Toncoin Accumulation Continues Despite Price Struggle If Toncoin holds its ground before or at the $2.36 support level, it could signal a potential rebound, with the price stabilizing and setting up for another push toward the $4.34 resistance.  On the other hand, if the $2.36 support fails to hold, Toncoin could face a further downside, resulting in the creation of new lows. In this scenario, the market sentiment would need to shift, and Toncoin would have to demonstrate resilience to regain upward momentum. Featured image from Adobe Stock, chart from Tradingview.com

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Ethereum CrossX Indicators Flashes Buy As Insitution Accumulates, Analyst Says Brace For $4,000

New reports indicate that the Ethereum (ETH) CrossX indicator is flashing strong buy signals, suggesting a potential breakout toward $4,000. As the market transitions from selling to buying, on-chain data shows that institutional investors are heavily accumulating ETH tokens, indicating a shift in sentiment.  Institutions Load Up On ETH As Buy Signal Flashes On-chain analytics platform, Lookonchain, has identified a notable increase in Ethereum accumulation, largely driven by institutional whales. Over the course of three hours, a wallet address reportedly associated with the trading firm Cumberland DRW withdrew a staggering 27,632 ETH, worth approximately $50.24 million. This transfer was made from major exchanges, including Coinbase, Copper and Binance. Related Reading: Ethereum Price Reaches Last H1 Support, Next Major Resistance Comes Into View The wallets activity involved multiple high-value transfers, such as a 7,600 ETH withdrawal worth $13.83 million from Coinbase, a 5,992 ETH withdrawal worth $10.92 million from Copper and Binance, and an additional 5,960 ETH transfer valued at $10.88 million from Copper.  Notably, the receiving wallet, 0ex287AA111, was consistently used across all transactions, suggesting coordinated accumulation rather than a typical trading activity. Historically, large-scale withdrawals from Ethereum exchanges have preceded price surges, as they significantly reduce sell-side liquidity and indicate a longer-term holding pattern by investors.  Amid this growing institutional accumulation, the Ethereum CrossX Indicator, as noted by Ezy Bitcoin on X, has recently flashed a strong buy signal. This reinforces the notion that institutional interest is rising, signaling an increase in demand and potentially setting the stage for further upward price movement.  Ethereum CrossX Indicator Suggests $4,000 Surge Ahead Shedding more light on Ezy Bitcoins report, the CrossX indicator, which officially triggered a buy signal for Ethereum, is signaling a potential surge above $4,000 for the altcoins price. The market expert highlights that this is the first signal seen in nearly six months and, historically, has often preceded significant price action and explosive moves.  Related Reading: Ethereum Price Threatened With Sharp Drop To $1,400, Heres Why The CrossX Indicator, a tool used to detect high-probability trend reversals based on volume, price action, and divergence patterns, has shown remarkable accuracy in past cycles. As seen in the analysts weekly chart, previous buy signals were followed by rallies that took ETH to new local highs. Now, with Ethereums price rebounding off recent lows and a fresh Bullish Divergence in place, the same rally pattern may be unfolding again. If history repeats, ETH could be gearing up for a run beyond $3,000, with the possibility of testing the $4,200 range by years end.  According to CoinMarketCap’s data, Ethereum is currently trading at $1,803, reflecting a yearly decline of 43.10%. A potential rise to $4,200 would represent a staggering 132.95% increase, bringing Ethereum (ETH) closer to its present all-time high of over $4,800. Featured image from Adobe Stock, chart from Tradingview.com

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PEPE Rising Trendline Holds Firm: A Reliable Launchpad For Price Rally

UniChartz recently pointed out on X that PEPE is respecting a rising trendline with remarkable consistency, highlighting strong underlying bullish strength. Multiple clean touches along the trendline show that buyers are firmly in control, stepping in at key moments to defend support levels. This pattern of repeated validation is a powerful technical signal, often seen in sustainable uptrends. The firm hold above the trendline suggests that market sentiment remains positive, with bulls maintaining momentum even during minor pullbacks. UniChartz emphasized that as long as PEPE continues to honor this rising support, the potential for further upside rises. A solid foundation like this often acts as a springboard for the next major rally. Key Support Holds Strong: Why This Trendline Matters According to UniChartz, PEPE’s price recently staged another strong rebound off its rising trendline, once again confirming it as a critical area of support. This bounce occurred just above a major horizontal support zone, reinforcing the idea that buyers are stepping in aggressively at key levels to defend the uptrend. Related Reading: PEPE Price To Bounce 796% To New All-Time Highs In 2025? Heres What The Chart Says Adding to the bullish setup, UniChartz noted that the MACD indicator is beginning to turn positive, signaling growing bullish momentum. The strengthening MACD crossover typically precedes larger upward moves, hinting that PEPE could be gearing up for another leg-up. At the moment, PEPE is closing in on a crucial test of the 100 EMA resistance. A clean and decisive breakout above the 100 EMA could serve as a major catalyst to the next key resistance area overhead. If momentum continues to build, PEPE might soon find itself charging into higher territory. Where PEPE Could Rally Next PEPEs current price action is setting the stage for a potential rally as it continues to respect key support levels, particularly its rising trendline. The immediate focus is on overcoming the 100 EMA, which has proven to be a major resistance in previous attempts. A successful breakout above this level could trigger a sharp upward move, pushing PEPE toward the $0.00001152 zone, a critical price point that has historically held as a major hurdle. Related Reading: PEPE Bulls Regain Control As Price Stays Above Moving Average If the bulls maintain their momentum and clear this initial resistance, the next key targets are the $0.00001313 and $0.00001731 levels. These zones, derived from past price action and Fibonacci retracements, represent significant obstacles that PEPE must overcome. Given the strengthening bullish indicators, such as the MACD and ongoing support from the rising trendline, PEPE appears well-positioned for a breakout. Surpassing these resistance levels would mark a significant shift, paving the way for more gains in the near term and confirming the continuation of the bullish trend. Featured image from Adobe Stock, chart from Tradingview.com

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Is Blockchain on the Verge of a ChatGPT-Like Adoption Boom? Citigroup Predicts

The year 2025 could mark a pivotal moment for blockchain technology as it integrates with ChatGPT, potentially revolutionizing mainstream adoption. Delving into the realm of chatbots powered by artificial intelligence, this partnership could streamline processes and offer significant benefits to various industries. Imagine a future where blockchain technology seamlessly converses with users, providing real-time data, [...]

The post Is Blockchain on the Verge of a ChatGPT-Like Adoption Boom? Citigroup Predicts appeared first on Crypto Breaking News.

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XRP Breaks Out of Bearish Trend, Eyes Major Rally Toward $10+

After weeks of downward pressure, Ripple (XRP) has broken free from its bearish grip, signaling the start of a new bullish trend. The XRP price, which had dropped to a recent low of $1.64, is now gaining momentum amid improving market conditions and increasing investor interest. The broader crypto market recently stabilized after facing turbulence […]

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