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SUI’s impressive rally in late 2024 saw the cryptocurrency reach an all-time high of $5.37 on January 4, 2025. However, the momentum quickly faded, leading to a staggering 48% decline in less than two months. As of February 2025, SUI’s attempt at a recovery has failed, with bearish pressure overwhelming any upward movement. SUI Price…
Cardano (ADA) has struggled to regain bullish momentum after facing rejection at $1.23 on Jan. 20. Despite an initial rally above $1, the cryptocurrency has since been confined within a descending channel, signaling a potential continuation of the downtrend. ADA’s Technical Challenges A descending channel, characterized by lower highs and lower lows, has formed on…
The ongoing Bitcoin downtrend may be influenced by short-term holders (STHs), who appear to be changing their stance as the market shifts. Their hesitation in taking profits or cutting losses could dictate Bitcoin’s next major price movement. Bitcoin Investors Fear Losses The Short-Term Holder Spent Output Profit Ratio (STH SOPR) indicator is struggling to reclaim…
Hedera (HBAR) is showing mixed signals as technical indicators suggest both bearish pressure and a potential bullish reversal. The Ichimoku Cloud hints at an upcoming breakout, while the BBTrend indicator reveals a failed bullish attempt. Traders are closely watching key resistance and support levels to determine HBAR’s next move. BBTrend Indicates Renewed Bearish Pressure HBAR’s…
Pi Network (PI) is currently consolidating within a symmetrical triangle pattern on the 1-hour chart, following an extended impulsive wave. This structure aligns with wave (iv) in the broader Elliott Wave count, suggesting a potential bullish breakout to complete wave (v) of the ongoing cycle. Technical Analysis: Key Levels and Patterns PI is testing support…
Nasdaq has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) seeking approval to list and trade shares of the Canary HBAR ETF. This investment product is designed to track the spot price of Hedera’s HBAR, currently the 21st largest cryptocurrency by market capitalization. The filing follows Canary Capital’s strategic expansion into…
Shiba Inu (SHIB) has slipped below its critical $0.000015 support level for the first time in 2025, sparking concerns among traders. Currently trading at $0.00001485, the popular meme coin has declined by 5% in the past 24 hours. This drop coincides with a sharp 66% decrease in SHIB’s burn rate, according to data from Shibburn….
Circle, the issuer of USDC, has further solidified its dominance in the Solana ecosystem by minting an additional $250 million in USDC. The latest issuance, revealed on February 24 by blockchain analytics firm Spot On Chain, brings Circle’s total USDC minting on Solana to $1 billion in just the past seven days. USDC Leads Solana’s…
The Pi Network price has made an impressive 157% comeback after last week’s steep decline following its highly anticipated mainnet launch. Despite broader market pressure on Bitcoin and altcoins, Pi’s price recovery has reignited investor interest. The key question now is whether Pi can surge from its current $1.52 to $5 before the first quarter…
XRP price is trading near a critical resistance level, with analysts closely monitoring the $2.60 mark. Crypto experts suggest that a breakout above this level, followed by a breach of $2.77, could pave the way for a sustained upward move. Resistance levels are currently set at $2.60, $2.85, and $5.85 in the long term, while…