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Cryptocurrency trader and author Scott Melker has emphasized that after XRP’s explosive move from trading below the $1 mark, the token still has significant potential for a big move in the near future. According to Melker, XRP’s path to becoming the “next big mover” involves more than just its recent history of rapid price action, he explained in an interview with David Lin published on May 17. Melker highlighted that XRP’s breakout was driven by several key developments, including its effective classification as “not a security,” which removed a major regulatory overhang. This legal clarity allowed the token to gain momentum in the optimism of the post-election market.  Further boosting sentiment, XRP was included in spot exchange-traded fund (ETF) applications and the possibility of being part of the United States’ strategic digital asset stockpile, reinforcing its status as a major player in the market. However...

The Solana price slumped 9% in the past 24 hours to trade at $236.88 as of 02:36 a.m. EST on trading volume that dropped 51% to $18.6 billion. The Solana blockchain faced significant network congestion on Monday due to the rising popularity of Donald Trump-themed meme tokens, TRUMP and MELANIA. Their respective launches over the weekend have created an unprecedented surge in transaction volumes on the Solana network. We are now witnessing the issue with Solana$TRUMP, $MELANIA, $BARRON launched, everybody is buying them, every normie, aunties, uncles literally everybody and look how the chain responds Barely any transactions comes through even with high priority fees — Koki (@k0k1mania) January 20, 2025 The overwhelming network activity led to technical disruptions for Jito Labs, a key infrastructure provider for the Solana network. As MELANIA and TRUMP continue to encounter a surge in trading volume, Solana’s ecosystem is still trying to recover. Solana On A Price Co...

The Bitcoin price has plunged 3% in the last 24 hours to trade at $104,193 as of 3:05 a.m. EST on a 12% jump in trading volume to $95 billion. This plunge in the Bitcoin price comes as MicroStrategy co-founder and executive chairman Michael Saylor says that the incoming president, Donald Trump, is serious about setting up a strategic Bitcoin reserve. Michael Saylor just says, “I think Trump is serious about a National #Bitcoin Reserve.” IT’S HAPPENING!!! 🚀pic.twitter.com/8xqnykmSss — Vivek⚡️ (@Vivek4real_) December 16, 2024 Saylor added that all the capital outside the US and all the 20th-century antiquated capital is going to flow into digital assets and the Bitcoin network. “The logical thing for the US is to buy it now and own the future,” he said. Bitcoin Price Slumps Along The Parabolic Curve Bitcoin (BTC) is currently trading at $ 103,976,  reflecting a  2.03% decline or a drop of $ 2,155 points from th...

The Ethena price soared 16% in the last 24 hours to trade at $1.176 as of 8:17 p.m. EST on trading volume that skyrocketed 213% to $1.1 billion, according to CoinGecko. Ethena Price Could Continue Soaring The ENA/USDT chart Analysis on the 6-hour timeframe showcases a clear bullish trend, with price action showing sustained upward momentum over the past few weeks. The Ethena price is trading within a well-defined ascending channel, with higher highs and higher lows. Currently, the price of Ethena is testing the upper trendline near $1.1993, indicating strong buying pressure. A breakout above this level could signal further gains. Meanwhile, ENA price still trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which is a signal that the bulls still have control of the price. The Relative Strength Index (RSI) is at 66.55, which is approaching the overbought zone but still remains within neutral to bullish territory. This suggests strong buying momentum, thou...

Sui (SUI) is on a remarkable upward trajectory, exhibiting strong bullish momentum. On December 12, it surged to a new all-time high of $4.91, fueled by a 30% gain over 24 hours, making it one of the top-performing digital assets in the market. Despite a 4.5% pullback in the last 24 hours, SUI’s bullish trend remains intact, drawing comparisons to some of the most explosive rallies in cryptocurrency history, including Solana’s (SOL) meteoric rise in 2021. Notably, an Analysis by TradingShot , a prominent technical Analysis firm, highlights a striking resemblance between Sui’s current price action and Solana’s breakout pattern in 2020-2021.  Picks for you How much you’d have if you invested $1,000 in Bitcoin when Bill Gates said he’d short BTC 1 hour ago ...

The Sun Token price has soared 43% in the last 24 hours to trade at $0.01766 as of 11:18 p.m. EST on trading volume that skyrocketed 305% to $443 million. Sun Token Price On A Massive Rally The SUN/USD on the 4-hour timeframe shows that the Sun Token price is currently on a strong bullish trend. The price has recently experienced a significant breakout, as evidenced by a sharp upward movement with increasing volume, forming a parabolic curve. According to data from GeckoTerminal , the price of Sun Token capitalized on the $0.022 support to push the price on the sustained uptrend. This surge has pushed the Sun Token price well above the 50-day and 200-day Simple Moving Averages (SMAs), suggesting strong momentum. Meanwhile, the Relative Strength Index (RSI) is at 74.15, entering the overbought zone. This suggests the current rally is under intense pressure, but seems to be dropping due to overextended buying pressure. The Moving Average Convergence Divergence (MACD) also supports...

The Popcat price plunged 17% in a week and edged up a fraction of a percent in the last 24 hours to trade at $1.313 as of 11:13 p.m. EST on trading volume that plummeted 29% to $102 million. Popcat Price Gearing Up Towards A Bullish Trend Reversal The Popcat price, after surging in the beginning of November, went through a markup phase to hit the $2.0 resistance. However, the price has been on a downtrend, recording lower highs and lower lows, forming a falling channel, according to data from GeckoTerminal . The price of Popcat now seems to be consolidating within the $1.30 range, with $1.21 offering a solid support zone. As a result of the downtrend, the Popcat price is now trading below both the 50-day and 200-day Simple Moving Averages (SMAs), which coincides with the recent downtrend. Moreover, the 200-day SMA is now crossing over the 50-day SMA, forming a death cross at $1.56. The death cross further supports the significant correction. The Relative Strength Index (RSI) is cu...

The Bitcoin price has edged up 0.2% in the last 24 hours to trade at $98,568 as of 9:30 p.m. EST on a 26% drop in trading volume to $89 billion. This modest increase comes after US President-elect Donald Trump nominated hedge fund manager and cryptocurrency advocate Scott Bessent as Treasury Secretary. 🚨BREAKING: President Trump has announced that the CEO and Founder of Key Square Capital Management, Scott Bessent is the Treasury Secretary. Congratulations!!! pic.twitter.com/aSB8fyNVFd — AJ Huber (@Huberton) November 23, 2024 If approved by the Senate, Bessent, a vocal supporter of the digital currency ecosystem, will have his signature on US dollar bills. Bitcoin Price Nears $100K Milestone – Can The Bulls Sustain The Momentum? The Bitcoin (BTC/USDT) pair shows a strong bullish trend. According to data from GeckoTerminal, an inverted head-and-shoulders pattern formed between July and September, signaling a reversal from bearish to bullish momentum. This pat...

The Pepe price has soared 10% in the last 24 hours to trade at $0.00001041 as of 7:15 a.m. EST on a 7% drop in trading volume to $2.5 billion. Pepe Price Spikes In Successive Bullish Candles The daily chart of the PEPE/USDT  pair shows a series of technical patterns indicating a potential bullish trend. Initially, the price was in a downtrend, forming a bearish wedge pattern from March to August. This wedge featured descending resistance and support lines, a setup that often hints at an impending reversal. In August, the price broke above the wedge, signaling a shift in momentum. The price established a significant support level near $0.000000951, creating a double-bottom pattern. This formation is bullish, indicating that buyers are defending this level and possibly preparing for a trend reversal. This support has held strong, making it a critical price floor for future movements. PEPEUSDT Analysis Source: Tradingview The chart also includes the 50-day (green line)...

The Beam price surged 13% in a week and 6% in the last 24 hours to trade at $0.01974 as of 00:22 a.m. EST on trading volume that skyrocketed 168% to $90 million. Beam Price Could Continue Soaring The BEAM/USD chart Analysis on the 4-hour timeframe shows that after a recent price downtrend, the bulls have been able to use the support around $0.0142 to push the Beam price on a markup phase, according to data from GeckoTerminal . The $0.018 resistance allowed the price of Beam to form a rounding bottom pattern, which allowed the bulls to push BEAM to a follow-through above the current price. As a result of the recent surge, BEAM trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued bullish rally. Moreover, the Relative Strength Index (RSI) is at 70.21, just at the overbought level. This implies that although the current momentum is strong, the price may be approaching a temporary overbought condition, suggesting the possibility of short-ter...

As we delve deeper into October, the market appears to be gaining momentum, raising hopes for a significant rally in the coming weeks. The current cryptocurrency market is showing promising signs of a bullish trend, with Bitcoin recently reaching impressive heights around $65,000. With the overall crypto sector climbing back to a valuation of $2.28 trillion, investors are keenly eyeing potential opportunities for growth. This article explores five altcoins that are positioned for upward movement over the next 30 to 90 days, potentially benefiting from the anticipated altcoin season. Aave (AAVE) The current market environment has sparked optimism among cryptocurrency investors, particularly regarding Aave, a leading decentralized finance (DeFi) protocol. Recently, $AAVE has demonstrated strong upward momentum, climbing from around $135 to $177, before experiencing a slight correction. This resilience suggests the potential for a robust recovery as the market shifts toward a bullish ...