Chain News Today TheBitTimes.com

Although Bitcoin (BTC) is consolidating, a trading expert projects that the asset is poised to break out toward $120,000. In this case, prominent online analyst TradingShot pointed out that Bitcoin nearly touched its four-hour 200-period moving average (MA) on Saturday, a critical support level since April 16.  In a June 2 TradingView post, TradingShot noted that after testing this level, BTC immediately rebounded. While the bullish reaction has been moderate since price action remains capped below the four-hour 50-period MA, there are compelling reasons to expect an imminent breakout. Bitcoin price analysis chart. Source: TradingView Specifically, the formation of a blue Arc pattern over the past three weeks mirrors the price behavior seen during previous peaks and pullbacks since Bitcoin’s early April bottom. These Arc patterns have historically signaled significant upward momentum once the price breaks above resistance. Adding to the bullish cas...

An XRP price breakout might be imminent, according to signals from the cryptocurrency’s technical setup. The key indicator comes from the Bollinger Bands (BB), a technical Analysis tool that measures market volatility and potential price movement.  On the latest four-hour chart, XRP’s Bollinger Bands are tightening, meaning the upper and lower bands are converging, as per insights shared by prominent crypto analyst Ali Martinez in an X post on April 21. “The Bollinger Bands are squeezing on the XRP 4-hour chart, signaling that a major price move could be just around the corner,” Martinez said.  XRP price analysis chart. Source: TradingView/Ali_charts The “Bollinger Band squeeze” indicates a period of low volatility that often precedes a significant price move, though it doesn’t specify direction. Traders typically await confirmation, while experienced investors prepare for either a breakout or breakdown. The XRP com...

The latest XRP derivatives data is pointing to a rise in bearish sentiment. In particular, data retrieved by Finbold from cryptocurrency analytics platform CoinGlass shows that the token’s long/short ratio has fallen to 0.7797 at the time of writing on April 18.  In other words, 56.19% of the XRP positions opened within the last 12 hours have been shorts against the token. XRP long-short ratio chart. Source: CoinGlass This represents a significant bearish surge, as the preceding 12-hour period saw XRP shorts account for 51.55% of opened positions. Notably, this is the lowest and most bearish long/short ratio XRP has seen since the beginning of April. Recent price action points to XRP’s resilience Interestingly enough, price action does not correspond to this apparent bout of pessimism on the account of derivatives traders. At press time, XRP was changing hands at $2.08. A 1.36% loss on the daily chart has brought weekly gains down to 4.07%. Despite fa...

The Dogwifhat price pumped over 7% in the last 24 hours to trade $0.5951 as of 6:14 a.m. EST as investors go long on the altcoin. Despite the recent gain, the WIF price is still down over 4% on the weekly time frame. Dogwifhat Price Trying To Flip Resistance 4-hour chart for WIF/USD (Source: GeckoTerminal) The Dogwifhat price has been in a positive sequence in the last few hours, printing higher highs and higher lows on the 4-hour chart, according to GeckoTerminal . Now, the meme coin is attempting to break above the resistance level at $0.6156. Should it close a 4-hour candle above this technical barrier within the next 12 hours, WIF could rise to as high as $0.7339. In a more bearish scenario, the Dogwifhat price might end up testing the $0.4973 support if it gets rejected by the $0.6156 resistance. Continued pressure from sellers should the meme coin drop to this point could then lead to WIF falling to the subsequent support at $0.4063. Technicals Suggest The Dogwifhat Price...

The Solana price skyrocketed 19% in the past 24 hours to trade at $255.13 as of 08:51 p.m. EST on trading volume that soared 372% to $26.9 billion, according to CoinGecko. Solana is reaping the rewards of being the home for Donald Trump’s official meme coin, $TRUMP, which exploded ofter yesterday. The price of Solana (SOL) surged to a new all-time high (ATH) at the $263.27 mark, according to CoinGecko . Solana Price On A Sustained Surge The SOL price has been following a distinct bullish trajectory on the 4-hour chart. After forming a parabolic curve pattern in mid-January, the Solana price has seen a steep rise, surging past major moving averages and reaching highs of $263 before slightly retracing to the current level of $255.13. The parabolic curve indicates a strong momentum-driven rally, which is often indicative of aggressive buying pressure. This uptrend was fueled by a break above the 200-day Simple Moving Average (SMA) and the 50-day SMA, both of which are now actin...

The Hedera price pumped 4% in the last 24 hours to trade at $0.2903 as of 11:16 p.m. EST on trading volume that skyrocketed 79% to $1.4 billion. Hedera Price Gearing Up Towards A Bullish Trend Reversal The price of Hedera surged dramatically through a parabolic curve, reaching a peak near $0.375, followed by a retracement and narrowing price action. Two converging yellow trendlines mark the falling wedge pattern, with lower highs and higher lows, indicating consolidation. The HBAR price is now hovering around $0.291 and testing the upper boundary of the wedge, suggesting that a breakout may be imminent, according to data from GeckoTerminal . The 50-day Simple Moving Average (SMA) (white line) is currently at $0.2918, closely tracking the current price. A breakout above this level would confirm bullish momentum. However, the 200-day SMA (yellow line) at $0.2157 is far below the price, serving as a strong long-term support level. The wide gap between the two moving averages confirm...

Dogecoin’s (DOGE) recent price action has caught the attention of traders and investors, with market analysts suggesting the meme coin could be on the brink of its ‘next uptrend’. Notably, cryptocurrency trading expert Trader Tardigrade highlights that DOGE has successfully eased from its overbought levels, with the Relative Strength Index (RSI) on the daily chart returning to the neutral 50 zone.  This reset indicates the token has relieved its overbought pressure, paving the way for another potential leg upward. Historically, such RSI relief often precedes strong bullish movements, signaling a renewed momentum for the asset. Picks for you 2024 has doubled Bitcoin's 15-year capitalization – What’s next for 2025? 1 hour ago Sonic SVM ...

The Luna By Virtuals price has soared 260%  in the last 24 hours to trade at $0.1578 as of 8 p.m. EST on a 1,302% pump in trading volume to $51 million. Luna By Virtuals Price Rebounds After A Short Correction The LUNA/USD trading pair on the 30-minute chart shows significant bullish momentum, with the current price at $0.1575 and a gain of 6.45%.  The recent price surge has formed a parabolic curve, a pattern often associated with rapid price growth but also potential volatility. According to data from GeckoTerminal, LUNA indicates a strong uptrend supported by a parabolic curve, suggesting that buying interest has increased sharply, pushing the price higher. The 50-period moving average (SMA) is currently at $0.09266, and the 200-period moving average (SMA) is at $0.05854, both below the current price. This separation reflects strong bullish momentum, as the price is well above both moving averages. LUNAUSD Analysis Source: Dextools.io A price rebound is visi...

The Hachiko price skyrocketed 1,114% in the last 24 hours to trade at $0.002216 as of 00:42 a.m. EST on trading volume that surged 304% to $4.2 million. Can the Hachiko token, a decentralized cryptocurrency based on the story of Hachiko, a famous Japanese dog, gain traction and soar even higher? Hachiko Price On A Strong Upward Trend The chart clearly shows a strong upward trend. This is evidenced by the price rising sharply in recent candles from $0.00017, supported by increasing volume, suggesting momentum is building in this move, according to data from GeckoTerminal . HACHI now trades above the 50-day SMA, which suggests that the price of Hachiko is on a bullish trend and could still soar. The Relative Strength Index (RSI) is at 72.76, which is above the standard overbought threshold of 70. This suggests the asset may be overbought in the short term, meaning a pullback or consolidation could be on the horizon. However, in strong uptrends, the RSI can remain overbought for ext...

The First Neiro On Ethereum price has surged 2,949% in the past week and 34% in the last 24 hours to trade at $0.001108 as of 12:30 a.m. EST on a 70% pump in trading volume to $318 million. First Neiro On Ethereum Price Explodes The NEIRO/USD 4-hour chart suggests that NEIRO is in the early phases of a potential bullish reversal. After a period of consolidation, the price has made a sharp upward move, forming a parabolic curve that signals strong bullish momentum. Currently trading around $0.001108, NEIRO has broken above the 50-period simple moving average (SMA) at $0.0006522, with the 200-period SMA slightly trailing below $0.0002045. A recent surge above the support level at $0.0007645 has propelled the price up by 60%, with expectations of further upside in the coming weeks. These developments point to a likely trend reversal from bearish to bullish. The 50-SMA, now serving as potential support, could help stabilize the price during any pullbacks, while the 200-SMA, though stil...

The Pepe price has plunged 21% in the past week and 5% in the last 24 hours to trade at $0.000007204 as of 12:30 a.m. EST on a 51% surge in trading volume to $808 million. Pepe Price Bulls Stage A Strong Support Zone The PEPE price technicals on the daily chart show a continuation of the falling wedge pattern. The price is currently consolidating near the lower trendline of the wedge, suggesting potential preparation for an upward breakout. The key support zone around 0.0000007710 is holding firm, reflecting buying interest at this level and helping to prevent further declines.   The 50-day moving average (blue line) remains below the 200-day moving average (green line), indicating that the broader trend is still bearish, but a break above the wedge could shift momentum. Meanwhile, Moving Average Convergence Divergence (MACD) shows that the average line is still below the signal line, which is a bearish sign. However, the shrinking histogram bars suggest that the bear...

The Neiro Ethereum price has plunged 18% in the last 24 hours to trade at $0.2041 as of 7:15 a.m. EST on a 34% drop in trading volume to $34 million. Neiro Ethereum Price Analysis: Bulls Continue Staging A Strong Support Zone The NEIRO price is still trading sideways within the bullish channel as the bulls continue to stage a strong support zone. The bears are still determined to push the price below the support zone at $0.1285. However, this support level has proven resilient, allowing buyers to regroup and increase prices. If the bullish momentum picks up well, it could help the bulls drive the price above the channel, triggering a new bull rally that could catapult NEIRO higher. NEIROUSD Analysis . Source: Dextools.io NEIRO Ethereum price also faces resistance at the 50 Simple Moving Average (SMA) on the 4-hour chart, coinciding with the bearish trendline within the bullish channel. However, it is relatively above the 200 SMA, giving the bulls a chance to drive the ...