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Shiba Inu has long been trying to figure out a new price pathway. Amid the recent volatile crypto market stance, SHIB has been working aggressively to reach the top of the market radar. Will October prove to be a month when SHIB is finally able to commence a new bullish price trajectory? Here’s the weekly SHIB breakdown, displaying how SHIB may end up performing this month. Also Read: Start Saving in SHIB Today: Watch It Grow to $1M SHIB Stats: Week One and Two Source: CoinGape Shiba Inu has long been stuck in tumultuous waters, with its price lingering at the $0.000012 to $0.000013 price level. Despite the token’s multiple attempts to break through the vicious price range, the token seems to have taken its time, all while displaying signs of struggle along the way. From October 1st to 4th, SHIB prices are depicting a stable price level of $0.00001222. From October 5th to 11th, CoinCodex SHIB stats predict the token to sit at $0.00001238 price level. Source: CoinCodex From 1...

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A cryptocurrency whale has realized a $2 million loss, despite holding Ethereum (ETH), one of the top-performing assets over the past month. The unidentified trader offloaded 10,543 ETH worth approximately $26.1 million at an average price of $2,476 per coin, resulting in a $2 million loss in a sale executed in two days, according to the latest on-chain data retrieved by Finbold from Lookonchain on May 17.  Details of the transaction show that the ETH was sold through a series of large swaps, most of which occurred within an hour.  The trader used 1inch, a decentralized exchange aggregator, and multiple contract interactions to convert wrapped ETH (WETH) into stablecoins like USDC and USDT. ETH whale transaction. Source: Lookonchain This selloff coincided with a slight downturn in the broader cryptocurrency market, during which Ethereum also saw short-term losses.  Rather than holding through the dip, the whale opted to exit the position, despite ...

Despite forming a traditionally bearish technical pattern, Bitcoin (BTC) appears to be setting the stage for a new record high, which could see the asset rally by about 80%. Specifically, prominent online trading analyst TradingShot observed that on April 4, Bitcoin completed a one-day death cross, where the 50-day moving average (MA) crossed below the 200-day MA.  While this is often seen as a negative signal, during the ongoing 2023 to 2025 bull cycle, this pattern has instead preceded major rallies, acting as a powerful buy signal, he said in a TradingView post on April 4. Bitcoin price analysis chart. Source: TradingView According to the expert, the bullish outlook can be deduced from the broader trend Bitcoin has followed since bottoming out in November 2022, known as a ‘channel up,’ a rising price structure marked by a sequence of higher lows. Each time Bitcoin nears the lower boundary of its channel, a one-day death cross and a Bollinge...

XRP has emerged from what can be considered a hibernation, with the token reclaiming the $1 mark for the first time in over three years. This move puts questions about XRP’s long-term sustainability to rest, with an analyst predicting further upside for the asset. This potential stems from XRP’s dominance in the cryptocurrency market, which has reclaimed the 1.66% level—a significant milestone after three years—according to an Analysis by Cryptoinsightuk in an X post on November 16. XRP price analysis chart. Source: TradingView This dominance level has historically acted as a launchpad for upward movements, with dominance seeing an average continuation of 740% in similar scenarios. Picks for you Here’s why this crypto startup founder is on the Socialist Party’s ‘Wall of Shame’ 51 mins ago ...

The Sui price dropped 3% in the last 24 hours to trade at $0.8658 as of 03:39 a.m. EST on trading volume that plunged 10% to $337 million. This comes as the Sui Bridge mainnet launch nears. The Sui Bridge incentive program is already rolling out rewards to participants through its official Testnet site. 📣 This just in! Rewards from the Sui Bridge incentive program are available and ready to claim. If you've participated in the incentive program, visit https://t.co/aD0sfh2mqp and claim rewards if eligible. Since the Sui Bridge incentive program kicked off in June, over 184k… pic.twitter.com/E3ae1TMji4 — Sui (@SuiNetwork) August 15, 2024 During the program, the Sui team has mainly concentrated on five crucial areas: functionality, stress, security, and governance. With the Sui Bridge showing its resilience and robustness, it is now coming closer to its mainnet launch. Sui Price Could Rebound Towards A Bullish Rally The Sui price Analysis on the 4-chart, ac...

The price of the first cryptocurrency could rise to $150,000 by January 2025 due to the approval of spot Bitcoin (BTC) ETFs in the United States. As reported by CNBC, citing a Bernstein forecast, the bullish estimate for digital gold quotes is almost five times higher than the current rates above $34,000, where the asset has consolidated after testing the $35,000 mark. The forecast is also more than double the all-time high of $69,000 achieved by the BTC in November 2021. Bernstein senior analyst Gautam Chhugani believes the SEC will approve the first Bitcoin ETFs in early 2024. This product will allow ordinary investors to access cryptocurrency directly from their investment portfolios. According to the expert, as a result, Bitcoin funds will accumulate up to 10% of the total supply of digital gold. So far, the only such instrument on the market is Bitcoin Trust (GBTC) from Grayscale, which accounts for about 3% of the issue. “A good idea is only as good as its timing – SEC...

On-chain and social data show a significant rise in Pepe’s (PEPE) social dominance, surpassing Bitcoin (BTC) and Ethereum (ETH). Data by market intelligence platform Santiment shows that whale transactions have constantly risen over the past week. The transfers of at least $100,000 worth of PEPE grew from 42 trades on Aug. 4 to 102 on Aug. 10. PEPE price, social volume and whale activity – Aug. 10 | Source: Santiment Moreover, PEPE investors have been shifting to non-custodial wallets as the asset’s amount of exchange withdrawals has reached 8.85 trillion daily tokens. This suggests a 502% incline from Aug. 4’s 1.47 trillion coins leaving exchanges. You might also like: Justin Sun makes huge moves amid insolvency allegations Quite similarly, Pepe token’s social volume also spiked by around 160% over the past week. Santiment data shows that PEPE’s social importance witnessed a 63.2% decline between July 19 and Aug. 1. Data from ICO Analytics shows that PEPE has ...

Bitcoin and select altcoins have fallen below their respective support levels, a worrying sign that the bulls could be losing their grip. Bitcoin (BTC) and most major cryptocurrencies have pulled back from their recent local highs, signaling profit booking by traders. Is the current pullback a buying opportunity or has the trend turned lower? This is likely to be the question in every trader’s mind. Bollinger Bands creator John Bollinger said in a recent tweet that Bitcoin had turned down from the upper Bollinger Band and reached the middle bank, near its breakout level. He said it was a “logical place” and advised traders to “pay attention.” Daily cryptocurrency market performance. Source: Coin360 The correction could worry short-term crypto traders but for the long-term investors, who believe that a bottom is in, this could prove to be an opportunity to build their portfolio with cryptocurrencies of their choice. It is generally a good strategy to avoid buying on the way down and w...

Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high. Bitcoin (BTC) rose more than 11% last week and is trading near the pivotal resistance at $25,000. Monitoring resource Material Indicators highlighted in its latest update that large volume traders were “thinning” overhead resistance, which could spark a rally. As the prices rise, retail traders may get sucked in and the whales could use this opportunity to sell their positions that were accumulated at lower levels. Every uptrend witnesses several pullbacks and Bitcoin is no exception. However, the price action of the past several months shows a large basing pattern, which may be about to break out to the upside. If that happens, Bitcoin will signal a potential trend change. Daily cryptocurrency market performance. Source: Coin360 There are very few occasions when all the indicators turn bullish. If traders keep waiting for that to happen, ...