DeFi News Daily Official TheBitTimes.com

A crypto analyst known for accurately calling Bitcoin’s pre-halving correction last year believes that BTC needs to reclaim a key technical indicator as support to regain bullish momentum. Pseudonymous crypto strategist Rekt Capital tells his 542,600 followers on the social media platform X that BTC appears to be mirroring its price action in 2021 when Bitcoin consolidated between two key exponential moving averages (EMAs) on the weekly chart. According to Rekt, Bitcoin must convert the 21-week EMA into support to trigger the resumption of bullish price action. “Earlier this week, Bitcoin rejected from the 21-week EMA resistance (green). As a result, Bitcoin continues to consolidate between these two Bull Market EMAs, much like it did in mid-2021. Nonetheless, for the future, the key confirmation signal for a breakout will be a weekly close above the green EMA followed by a post-breakout retest of it into new support (light blue circle).” Sour...

XRP is signaling a possible bullish breakout, likely to elevate the asset to a new all-time high in the double digits.  This possibility comes as XRP consolidates just above the crucial $2 spot, with the $2.5 zone as the next immediate resistance to watch. According to prominent cryptocurrency analyst Ali Martinez, XRP could potentially hit a $15 valuation because the digital asset has broken out of a symmetrical triangle pattern on the monthly chart, as noted in an X post on March 16. Picks for you XRP price prediction as number of addresses hits 7 million record high 23 hours ago Commodity strategist warns Bitcoin could drop to $10,000 1 day ago ...

XRP has surged nearly 2% in a day, aligning with the  broader market recovery. This rebound follows the completion of a correction phase, with technical indicators suggesting a potential bullish breakout. Despite the short-term gains, XRP remains under pressure. As of press time, the token was trading at $2.17, with a 12% decline over the past week and an almost 10% drop on the monthly time frame. However, technical indicators and institutional interest are fueling optimism for a potential reversal. XRP one-day price chart. Source: Finbold XRP’s path to a breakout According to analyst DarkDefender , XRP has finalized its correction on the four-hour timeframe, hinting at a potential shift in momentum. On the daily chart, the asset is showing signs of recovery, with key indicators pointing toward a possible trend reversal. Picks for you ...

The Sonic price has surged 5% in the last 24 hours to trade at $0.8551 as of 7 a.m. EST on a 30% pump in trading volume to $384 million. Sonic Price Breaks Bearish Channel, Eyes Rally Toward $1.00 The S/USDT 45-minute chart shows the market structure, transitioning from a strong bullish rally to a period of consolidation within a bearish channel. Initially, the price surged upward, reflecting strong buying momentum, before facing resistance and retracing into a downward-sloping channel. However, the price shows signs of a potential breakout from the bearish channel, which could trigger a new upward movement. The current price is trading at $0.8561, with the support zone between $0.8145 and $0.8464, and the resistance zone near $1.00. The bearish channel formation, characterized by lower highs and lower lows, suggested a temporary decline in momentum. However, recent price action indicates buyers are stepping in, attempting to push the price out of this structure. Several buy (...

The SuperRare price has plunged 13% in the last 24 hours to trade at $0.2449 as of 3:25 a.m. EST on a 30% drop in trading volume to $668 million. SuperRare Price Analysis: Bullish Breakout With Potential For Further Gains The price action of the RARE/USDT on the daily timeframe shows the price moving within a bearish channel for several months, indicating a prolonged period of downward or sideways movement. However, recently, the price broke out of this bearish channel, forming a parabolic curve, which is a strong indicator of a potential bullish trend. RAREUSDT Analysis Source: Tradingview Following the breakout, the price surged significantly, hitting a peak near the 0.4000 level, near the Take profit” zone. This spike in price is accompanied by a sharp increase in trading volume, further validating the strength of the upward move. Additionally, the Relative Strength Index (RSI) shows an extremely overbought condition at 82.06, suggesting that the asset is overex...