Rostec, Russia’s state-owned arms manufacturer, has launched RUBx, a ruble-backed stablecoin built on the Tron blockchain, aiming to modernize digital payments within the country. This initiative seeks to integrate blockchain
Cardano founder Charles Hoskinson firmly rejects claims that the blockchain can be censored or manipulated, emphasizing its robust decentralization and governance model. Hoskinson proposes a $100 million treasury-backed initiative aimed
The crypto investment space is unlike any other. It's an incredibly volatile ecosystem where fortunes are made and lost within hours. This space rewards the informed and punishes the ignorant. You cannot thrive in the cut-throat sector without adequate knowledge, discipline, and consistency. In this context, adequate knowledge refers to being familiar with several key concepts, including how to maximize your crypto investments, harness trends, and control risks. The hacks outlined below will get you started. Maximizing Your Crypto Investments In the current market, which is replete with high volatility, rapid growth, and constant innovation, you must prioritize maximizing your crypto investments. To do that, first visit the AvaTrade educational website. Here you can gain a better understanding of how to trade crypto alongside other popular financial instruments. After learning the basics, set clear investment goals. That will help you build your portfolio, gauge progress over time, and make the necessary adjustments. While setting your investment goals, consider crucial factors like what you plan to achieve, your risk tolerance, and time horizon. Finally, try to put idle crypto assets to work through lending, staking, and yield farming. Harnessing Market Trends A single social media post can send a crypto asset to the moon. Conversely, a regulatory rumor or concern can tank a coin's value. That's just how the crypto market is. You must harness market trends to stay ahead, enjoy maximum returns, and minimize losses. In other words, go with the tide and avoid swimming against the current whenever you can. Harnessing market trends requires you to do your homework. Follow recent developments on the most crucial platforms, from crypto news sites to Reddit's r/cryptocurrency . That is the only way to stay ahead of the curve and spot trends before they gain momentum. Also, use tools like Whale Alert and DeBank to monitor what savvy investors are doing closely. Controlling Risk Volatility isn't a bug in the world of crypto investing – it's an inherent feature. A coin can pump by over 100% within less than a day, or crash within a matter of minutes. Take $Trump as an example. This meme coin's value rose by over 300% overnight immediately after its launch, only to lose approximately 90% of its value within 24 hours. The sudden price changes led to both massive profits and losses. You must mitigate your risk exposure to avoid enormous losses and remain in the crypto investing game for a long time. First, obey the golden rule of investing: only risk capital you can afford to lose. Secondly, set stop-loss and take-profit orders. Last but not least, you should hold your assets in secure wallets and optimize their protection with protocols like 2FA and biometric authentication. Final Thoughts Navigating the world of crypto investing is like sailing in finicky waters that are both promising and unpredictable. Many have made fortunes overnight from crypto assets. Sadly, thousands have also lost tons of money to volatile digital assets like Bitcoin, Solana, and Ethereum. Use the tips discussed here to avoid getting wiped out and squeeze every penny from crypto investing. Finally, and this can't be overemphasized, never invest what you can't afford to lose. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Key Takeaways: Our Tron price predictions anticipate a high of $0.514 by the end of 2025. In 2028, TRX will range between $1.20 and $1.37, with an average price of $1.29. In 2031, TRX will range between $2.06 and $2.23, with an average price of $2.14. TRX is the native token of the Tron network used to govern and settle transaction fees. In retrospect, Tron (TRX) has performed better than most mega-altcoins. Over the long term, TRX is set to trend higher. Is TRX a good investment? Will it go up? Where will it be in three years? Let’s get into the TRX price prediction to answer these questions and more. Overview Cryptocurrency Tron Ticker TRX Current price $0.283 (_0.46%) Market cap $26.14 Billion Trading volume (24-hour) $26.78 Million Circulating supply 94.78 Billion TRX All-time low $0.001091 on Sep 15, 2017 All-time high $0.4313 on Dec 04, 2024 24-hour low $0.2824 24-hour high $0.2878 Tron price prediction: Technical analysis Metric Value Price Volatility (30-day variation) 1.99% 50-day SMA $0.273716 200-day SMA $0.226725 Sentiment Bullish Fear and greed index 73 (Greed) Green days 18/30 (60%) TL;DR Breakdown Tron price analysis confirmed a downtrend at $0.283. Cryptocurrency loses 0.46% of its value. TRX coin prices target the next support at $0.280. On July 4, 2025, Tron price analysis revealed a decreasing trend for the cryptocurrency. The coin’s value has dipped to a low of $0.283 in the past 24 hours. Concurrently, the cryptocurrency lost up to 0.46% of its value today. Bulls were reigning the market until July 3, but today, sellers took command and have caused a slight correction, which has resulted in a slight depreciation as the altcoin still trends near its yearly high. TRX/USD 1-day chart analysis The one-day price chart of Tron coin confirmed a downward trend in the market. The coin price has decreased to a low of $0.283 over the day. A red candlestick on the price chart signifies a rising bearish pressure. TRX/USD price chart. Image source: TradingView TRX/USD 4-hour chart analysis: Downturn results in loss below $0.272 The four-hour price analysis of Tron coin referred to a decreasing trend for the cryptocurrency. The TRX/USD price has decreased to $0.283 in the past few hours. The increasing volatility refers to a higher chance of a price reversal. TRX/USDT 4-hour Price Chart. Source: TradingView The Bollinger bands are diverging, leading to increasing volatility. This increase in the volatility signals a higher market unpredictability. Moving ahead, the upper Bollinger band has shifted to $0.289, indicating the resistance point. Conversely, the lower Bollinger band has moved to $0.277, securing the support. The RSI indicator is present near the centerline of the neutral area for now. The indicator’s score has decreased to index 52.50 in the past four hours. The downward curve on the indicator’s graph signifies bearish pressure. If the bears remain persistent, a further downtick in coin value can be expected. TRX technical indicators: Levels and actions Daily simple moving average (SMA) Period Value ($) Action SMA 3 0.266337 BUY SMA 5 0.273902 BUY SMA 10 0.272652 BUY SMA 21 0.272508 SELL SMA 50 0.273716 BUY SMA 100 0.260124 BUY SMA 200 0.226725 BUY Daily exponential moving average (EMA) Period Value ($) Action EMA 3 0.274779 BUY EMA 5 0.271386 BUY EMA 10 0.262818 BUY EMA 21 0.251882 BUY EMA 50 0.24309 BUY EMA 100 0.237649 BUY EMA 200 0.220832 BUY What can we expect from Tron price analysis next? Tron price analysis gives a highly bearish prediction regarding the ongoing market events. The coin value has stepped down to $0.283, a low in the past 24 hours. At the same time, the cryptocurrency lost up to 0.46 percent of its value. Technical indicators give buy signals, but the price charts now showcase support for the sellers. Is TRX a good investment? TRX is a coin with utility that continues to trade higher, indicating growing adoption among crypto investors. Despite this, the coin remains a victim of uncertainties and volatility. It is advised to do your own research and conduct expert opinion before investing in the volatile market. Why is Tron down? Tron is bearish today. Moreover, the coin has decreased to $0.283 amidst rising selling activity, which resulted in a slight decrease. After gaining the significant support, sellers gained confidence. Will Tron reach $0.5? Yes, Tron should rise above $0.5 in 2025. During that period, its price will range between $ 0.180 and $0.514. Will Tron reach $1? Yes, Tron should rise above $1 in 2027. During that period, its price will range between $0.915 and $1.09. Can TRX reach $10? Per expert analysis, Tron may not reach $10 before 2031. What will be the price of 1 TRX in 2025? The average Tron price for 2025 is expected to be $0.428. What will be the price of TRON in 2030? The highest price of Tron in 2030 is expected to be around $1.94. What will TRX be worth in 5 years? The minimum expected price of Tron after 5 years will be $2.06. Does Tron have a good long-term future? According to the Tron price predictions, Tron is set to trade higher in the coming years. However, factors like market crashes or difficult regulations could invalidate this bullish theory. Recent news/opinion on Tron Tron DAO recently shared updated statistics regarding stablecoin activity on its network. The reported figures include over $668.2 billion in stablecoin transaction volume, more than 70.1 million transfers, and a stablecoin supply exceeding $80.7 billion. Tron DAO shows growth around different metrics. Tron DAO’s recent retweet highlighted SRM Entertainment’s staking of 365 million TRX as part of its $100 million treasury strategy. Yields for staking are expected to be around 10% annually. SRM Entertainment stakes 365 TRX as a treasury strategy. Tron price prediction July 2025 A break of resistance will result in a mini bull run, with the next target at $ 0.308. This month, TRX will trade at an average of $ 0.276 and drop to $ 0.230 at its lowest. Month Potential low ($) Potential average ($) Potential high ($) July 0.230 0.276 0.308 Tron price prediction 2025 The technical indicators are bullish on TRX in the second half of 2025. It is anticipated to trade between $0.171 and $0.514, with an average price of $0.428. Year Potential low ($) Potential average ($) Potential high ($) 2025 0.171 0.428 0.514 Tron price prediction 2026-2031 Year Potential low ($) Potential average ($) Potential high ($) 2026 $0.629 $0.714 $0.800 2027 $0.915 $1.00 $1.09 2028 $1.20 $1.29 $1.37 2029 $1.49 $1.57 $1.66 2030 $1.77 $1.86 $1.94 2031 $2.06 $2.14 $2.23 Tron price prediction 2026 TRON will experience more bullish momentum in 2026. According to the Tron price prediction, it will range between $0.629 and $0.800, with an average price of $0.714. Tron price prediction 2027 The TRX prediction climbs even higher in 2027; according to the prediction, it will range between $0.915 and $1.37, with an average price of $1.00. Tron price prediction 2028 The analysis suggests a further acceleration in TRX’s growth by 2028. According to the Tron price prediction, the price of Tron will range between a minimum price of $1.20 and a maximum price of $1.29. The average price for the year will be $1.29. Tron price prediction 2029 According to the Tron forecast for 2029, TRX price will reach a maximum and minimum of $1.49 and $1.66, respectively, with a year-round average of $1.57. Tron price prediction 2030 The Tron TRX price prediction for 2030 indicates a price range of $1.77 and $1.94 and an average price of $1.86. Tron price prediction 2031 The Tron price forecast for 2031 sets the high at $2.23. The lowest price for the year will be $2.06, and the average price will be $2.14. TRX price prediction 2025 – 2031 Tron market price prediction: Analysts’ TRX price forecast Platform 2025 2026 Digitalcoinprice $0.63 $0.74 CoinCodex $0.374 $0.374 Cryptopolitan’s Tron price prediction At current levels, Tron remains bullish. According to our predictions, TRX will achieve a high of $0.514 in the second half of 2025. In 2026, it will range between $0.629 and $0.800, with an average of $0.714. Note the predictions are not investment advice. Seek independent professional consultation or do your research. Tron historic price sentiment TRON price history Tron, founded by Justin Sun in 2017, raised $70 million through an ICO the same year; it launched its mainnet in May 2018 and migrated TRX from Ethereum to Tron in June, which temporarily boosted TRX’s price to $0.09. TRX reached an all-time high of $0.3004 in January 2018 before dropping below $0.05 a month later; it consistently traded under $0.05 until late 2020, when it began to rise again. In 2021, it reached a high of $0.16. Tron was also reorganized as a DAO as Justin stepped down as CEO of Tron Foundation. TRX was in a bear trend for the best part of 2022. In 2023, TRX maintained a consistent bull run, rising from a low of $0.05. In March 2023, the SEC sued Justin for allegedly selling unregistered securities and promoting Tron and Bittorent tokens. In February 2024, Circle’s announcement to cease USDC on Tron led TRX to correct from $0.1429. TRX held above $0.1234 until mid-May, then dropped to $0.1113. The price rebounded to $0.1398 in July but fell again to $0.1213 in early August. By late September, TRX recovered to $0.166, reaching $0.1691 in October and touching $0.2130 in late November. TRX ended 2024 with a price tag of $0.255. Tron was priced at $0.255 at the start of January 2025 and it was trading in a range of $0.204 to $0.257 in February. In March 2025, Tron (TRX) dipped to $0.212, but it recovered to the $0.23 range in April and $0.278 in May. At the start of July, Tron is trending near the $0.28 range, maintaining its price above $0.26.
The post Can Bitcoin Bulls Withstand the Re-awakening of Satoshi-era Whales? appeared first on Coinpedia Fintech News Bitcoin (BTC) price has been rejected by two subtle and important resistances in the past 24-hours. The flagship coin attempted a rally towards retesting its all-time high on Thursday, but the gains were obliterated on Friday. According to crypto data provided by Coingecko and TradingView, BTC price dropped 2.2 percent in the past 24 hours to trade at about $107,477 on Friday, July 4 during the mid-North American trading session. Why Bitcoin Price Dropped Today Bitcoin price experienced choppy volatility on Friday majorly caused by the re-awakening of the Satoshi-era whales. According to on-chain data analysis, Satoshi-era whales moved more than $8 billion in BTC in the past 24 hours. Largest one-day move of 10-year-old Bitcoin ever. 50,000 BTC shifted today, topping the previous daily high of 3.7K BTC for this age band. Some coins trace back to early miner block rewards. pic.twitter.com/O8vgBTCe9n — CryptoQuant.com (@cryptoquant_com) July 4, 2025 The re-awakening of the old whales amid low demand, as Coinpedia reported , spelled bearish sentiment. Meanwhile, BTC price has suffered midterm bearish sentiment fueled by low speculative interest. “The momentum of exchange volume has declined since early June, with the monthly average falling to $5.9B, about 7 percent above the yearly average of $5.5 billion,” Glassnode noted . Midterm Expectations for BTC Price In the weekly timeframe, BTC price has been retesting the resistance level around $109,396 since December 2024. Although the weekly Relative Strength Index (RSI) has been forming a bearish divergence, the odds of a bullish breakout cannot be overlooked. Furthermore, BTC price could be forming a cup and handle pattern in the weekly timeframe, thus a breakout towards a new all-time high on the horizon. In the daily timeframe, BTC price has been forming a falling trend, characterized by lower lows and lower highs. With the daily MACD indicator signaling declining bullish momentum, a potential retrace towards the lower border of the falling trend, below $101k seems likely.
MAGACOIN FINANCE is emerging as both a meme-powered altcoin and a decentralized political memecoin, positioning itself at the intersection of community control, anti-centralization, and cultural narrative. Unlike conventional meme coins, it combines a fixed supply model, zero-tax structure, and an audited smart contract to attract both meme traders and altcoin enthusiasts who value transparent governance and ideological alignment. Its appeal has grown among Dogecoin and Shiba Inu holders looking for fresh narrative-driven plays, as well as Cardano and Ethereum-style investors who appreciate a utility-focused roadmap backed by community consensus. Momentum & Community Growth MAGACOIN FINANCE is growing due to decentralised governance and cultural positioning. The community has quickly gotten bigger. Many people visit the site. There is a lot more talk on Telegram. Discussing it on Twitter has become much more widespread. Several traders and analysts note that the meme coin’s thematic political play and zero-tax model have sustained momentum, just as exchange engagement and staking features bolster its narrative. Many news and rumours are circulating that will list MAGACOIN FINANCE on various exchanges. The unique tokenomics of MAGACOIN make this a very scarce coin. Hence, major early adopters, starting with XRP, Dogecoin, and even Cardano, are coming in numbers to support MAGACOIN FINANCE. Most importantly, they view this coin as a counter to centralized and highly priced crypto. How It Compares to XRP and Avalanche Recently, XRP has been gaining ground in institutional discussions following the unexpected increase in approval odds for spot ETFs, with analysts suggesting a 90% or higher chance of a green signal. Coupled with the nearing conclusion of the Ripple vs. SEC legal dispute and record futures trading volume on the CME Group, XRP is regaining institutional attention. While the asset has yet to show a breakout move, analysts consider these developments as structural foundations for a broader recovery. As traders hedge for broader market shifts, this has kept XRP near the top of their watchlists. While Avalanche has plenty of network activity, it has failed to hold critical support to date as investor interest rotates to new meme-powered altcoins. With its ability to process a large number of transactions and a growing ecosystem, AVAX still retains utility, but has lost some momentum from short-term traders compared to other projects that resonate more culturally. The halt has pushed many Avalanche holders away from Layer-1s. Due to high investor demand, a clear utility plan and a design focused on scarcity and long-term sustainability, MAGACOIN FINANCE is gaining popularity. Instead of sitting back and watching AVAX catch up, traders are opting into a narrative that is moving faster and has a bigger upside. Final Thoughts As we close in on Q4 2025, the altcoin and memecoin space appears less enlivening. The XRP ETF is expected to serve as a key institutional catalyst. Avalanche is facing technical hurdles. MAGACOIN FINANCE is carving out a niche as both a meme-based altcoin and a consensus-based political memecoin. For traders and communities looking for early-stage narrative and cultural alignment, its community-first approach, zero-tax structure, and anti-centralization stance make it an option worth watching before the end-of-year crypto cycle gains momentum. For more information about MAGACOIN FINANCE, please visit: Website: https://magacoinfinance.com Exclusive Access: https://magacoinfinance.com/buy-maga Twitter/X: https://x.com/magacoinfinance Continue Reading: Selling Fast: MAGACOIN FINANCE Climbs While XRP ETF Nears Approval and Avalanche Fails To Hold Support
BitcoinWorld WLFI Token Unleashed: A Momentous Shift for Trump-Backed DeFi on Independence Day Are you ready for a game-changing development in the crypto space? On a day synonymous with freedom, the WLFI token , at the heart of the Trump-backed DeFi project World Liberty Financial, made a pivotal move, transitioning from a non-transferable governance asset to a fully tradable digital currency. This Independence Day announcement sent ripples through the decentralized finance community, signaling a new era for political tokens and broader crypto trading . But what does this mean for the future of digital assets and the intersection of politics and blockchain innovation? What is the WLFI Token and Why Does its Tradability Matter? The World Liberty Financial (WLFI) project emerged with significant attention due to its association with former President Donald Trump, positioning itself within the burgeoning Trump-backed DeFi ecosystem. Initially, the WLFI token served primarily as a governance token, granting holders the ability to vote on proposals affecting the project’s direction but restricting direct transferability or market trading. This design aimed to foster a dedicated community of stakeholders focused on the project’s long-term vision rather than short-term speculation. The recent decision to enable the WLFI token for trading marks a monumental shift. What does this mean for the project and its community? Increased Liquidity: Tokens can now be freely bought and sold on exchanges, providing holders with the ability to convert their assets into other cryptocurrencies or fiat currency. Market Discovery: The price of WLFI will now be determined by supply and demand, offering a clearer valuation and attracting a wider range of investors. Broader Accessibility: Potential new investors can easily acquire WLFI tokens, expanding the project’s reach beyond its initial core community. Enhanced Visibility: Listing on exchanges and active trading often leads to greater media coverage and public awareness for the project. This transition transforms WLFI from a niche governance tool into a full-fledged tradable asset, opening it up to the broader dynamics of the cryptocurrency market. How Did Trump-Backed DeFi Navigate This Crucial Transition? The move to enable token transfers wasn’t arbitrary; it followed a robust governance proposal process within the World Liberty Financial community. This highlights a core tenet of decentralized finance : decision-making power residing with token holders. The proposal, likely put forth by core developers or influential community members, would have outlined the rationale, benefits, and potential risks of enabling transferability. The success of this governance proposal demonstrates several key aspects: Community Empowerment: The project’s commitment to decentralized governance, allowing its token holders to shape its future. Strategic Evolution: A recognition that for a project to truly grow and gain widespread adoption, liquidity and market access are often essential. Addressing Demand: Likely, there was significant community demand for the ability to trade the WLFI token , indicating a maturation of the user base’s expectations. For a project often characterized as Trump-backed DeFi , this democratic process adds a layer of credibility and transparency, showcasing its adherence to decentralized principles despite its political associations. The Implications for Crypto Trading and the Broader Market The arrival of a newly tradable asset, especially one with a high-profile association, invariably impacts the landscape of crypto trading . Investors and traders will now be keenly watching WLFI’s price action, volume, and market capitalization. The unique aspect of WLFI is its blend of financial utility and political sentiment, which can lead to distinct market dynamics. Consider these implications: Volatility: New listings, particularly those with a passionate community or political undertones, can experience significant price swings. Traders will look for opportunities in these fluctuations. Sentiment-Driven Trading: The performance of the WLFI token might be influenced not only by fundamental project developments but also by political news, election cycles, or public sentiment surrounding Donald Trump. New Investor Demographics: WLFI could attract individuals who are new to crypto but are drawn in by the political connection, expanding the overall user base for decentralized finance . Regulatory Scrutiny: Tokens with political affiliations may draw increased attention from regulators, particularly concerning compliance and market integrity. This development adds another layer of complexity and interest to the diverse world of digital assets, pushing the boundaries of what a cryptocurrency can represent. WLFI’s Role in the Evolving Decentralized Finance Landscape The core promise of decentralized finance is to build an open, permissionless, and transparent financial system. While many DeFi projects focus on lending, borrowing, and automated market making, WLFI introduces a significant element of political identity into this space. Its emergence highlights how blockchain technology can be leveraged beyond traditional financial applications, extending into areas of social and political organization. WLFI’s presence within DeFi raises questions and opportunities: Bridging Gaps: Can political tokens like WLFI onboard new users to DeFi who might not otherwise engage with cryptocurrencies? New Use Cases: Does this pave the way for more “identity-driven” or “cause-driven” tokens within the decentralized ecosystem? Decentralization vs. Centralized Figures: How does a “Trump-backed” project maintain true decentralization, and what are the implications for trust and governance? The successful transition of the WLFI token to tradability, underpinned by community governance, positions it as an interesting case study in the ongoing evolution of blockchain innovation and the expansion of DeFi’s scope. What’s Next for Political Tokens and Blockchain Innovation? The WLFI token’s journey from a governance-only asset to a tradable cryptocurrency on Independence Day is a significant marker for the future of political tokens . It demonstrates a pathway for projects with strong community and ideological backing to enter the mainstream crypto trading arena. This trend could lead to a proliferation of tokens associated with various political figures, movements, or ideologies, each seeking to leverage blockchain for fundraising, community building, or even decentralized governance of political initiatives. However, this path is not without its challenges: Regulatory Frameworks: Governments worldwide are grappling with how to regulate cryptocurrencies. Political tokens, due to their unique nature, might face additional scrutiny regarding campaign finance laws, securities regulations, and political advertising. Market Integrity: The potential for pump-and-dump schemes or manipulation in politically charged tokens remains a concern, necessitating robust community vigilance and ethical trading practices. Long-Term Utility: Beyond the initial hype, the sustainability of political tokens will depend on their ability to offer tangible utility or value proposition to holders, not just ideological alignment. As blockchain innovation continues to disrupt traditional sectors, the intersection with politics is becoming increasingly evident. WLFI’s move is a clear signal that this frontier is rapidly expanding, promising both exciting opportunities and complex challenges for the crypto community. The Independence Day announcement of the WLFI token becoming tradable is more than just a listing event; it’s a symbolic step for the Trump-backed DeFi movement and the broader crypto space. By transitioning from a non-transferable governance asset to a fully liquid digital currency, WLFI has opened itself to new possibilities for growth, investment, and community engagement. This development underscores the dynamic nature of decentralized finance and the increasing convergence of technology, finance, and political identity. As the market adapts to this new tradable asset, all eyes will be on how WLFI navigates the opportunities and challenges ahead, setting a precedent for future political tokens and continued blockchain innovation . To learn more about the latest crypto market trends, explore our article on key developments shaping decentralized finance future. This post WLFI Token Unleashed: A Momentous Shift for Trump-Backed DeFi on Independence Day first appeared on BitcoinWorld and is written by Editorial Team
Ethereum is sending a fresh jolt through the crypto market after a sudden upward move on Thursday, with its price finally reclaiming the key $2,500 mark once again. Bullish signals are presently aligning with this renewed strength, which points to a possible continuation of the notable rally. Golden Cross Lights Up Ethereum Chart Examining recent price performance, it is observed that the Ethereum technical landscape just came alive, reviving market optimism with a typical bullish signal. Melijn The Trader, a seasoned crypto expert and investor, reported this bullish signal in a post on X, which hints at a potential reversal of an upward trend. Specifically, this key positive signal is a Golden Cross. A Golden Cross is considered a bullish indicator that occurs when the short-term moving average climbs above the long-term one. It is a crucial signal that is capable of flipping a trend from the downside to the upside. According to Melijn The Trader, the golden cross has appeared in the 1-day time frame chart after a period of waning price action. This signal, in alignment with recent upswings, indicates growing momentum that is likely to pave the way for the next substantial rally to higher price levels . Looking at the daily chart, Ethereum flashed the golden cross just a little above the critical $2,500 price mark. Melijn The Trader highlighted that this point is where bull markets tend to kick off, and history does not take it lightly. Considering the fact that a golden cross is a bullish development, Melijn The Trader claims that ETH is currently sending a clear signal about a breakout to the upside . With prices presently rising and technical indicators flashing positive signals, the expert is confident that the next leg is not a matter of if, but when. ETH Bounces After Retests Key Trend Line Melijn The Trader has also delved into the 2-day time frame chart of Ethereum, revealing that the altcoin is gearing up for a rally. The analyst has identified a descending resistance trendline and an ascending support trendline, currently determining the next potential direction of ETH . A look at the chart shows that Ethereum recently broke above the descending resistance trend. However, ETH failed to initiate a rally, which led to a period of consolidation within the $2,200 and $2,700 price range . Currently, the altcoin just nailed a retest of the descending resistance trend line and has bounced perfectly off the line. ETH’s rebound from the trend line points to signs of rally continuation, with Melijn The Trader noting that this is where the next wave will begin. While the altcoin prepares for a liftoff, the expert stated that the market is watching this key signal. However, only a few are positioned for the impending leg-up.
Bitcoin's demand is weakening as whales exit and long-term holders move coins, undermining upside momentum.
XRP is inching toward what could be its most consequential technical inflection in more than a year, according to the June 3 video analysis from the YouTube channel More Crypto Online (MCO). Employing classical Elliott-wave mapping, the analyst argues that XRP has been building a five-wave advance ever since the market reset in July 2023 and is now attempting to ignite the terminal “fifth” wave—a rally that, if it unfolds under euphoric conditions, could extend as far as $9. How The Roadmap Is Built For XRP “We might be in a process of upside reversal… It’s like a now-or-never moment,” the commentator told viewers, stressing that breakouts are usually obvious only after large portions of the move are already spent. In Elliott wave terminology the market is said to be preparing for a smaller-degree third wave inside the larger fifth, “normally the most aggressive one,” he noted, pointing to the explosive impulse that followed a similar set-up last year. Related Reading: Analyst: XRP Is Coiled For A Short Squeeze Rally On MCO’s primary chart the July 2023 trough serves as the wave-four low of an even larger advance. From there, a series of lower-degree one-two formations appears to have carried XRP into wave three and, more recently, into a sideways, three-legged correction that completed in April. “We have a wave 1, a wave 2, a wave 3, the wave 4, and maybe this is now the fifth wave that’s unfolding,” he explained, adding that wave four’s depth and duration were textbook for a counter-trend pause. To translate wave counts into price objectives the analyst measured waves 1 through 3 and projected the classic 61.8 percent Fibonacci extension from the bottom of wave 4. That calculation yields $6.20 as a “straightforward” fifth-wave target. The same measurement’s 78.6 percent extension sits at roughly $9.00, a level the commentator said “sometimes materialises in a very euphoric fifth wave.” Before any discussion of $5-plus prices becomes actionable, XRP must clear a cluster of near-term hurdles. The analyst identifies the $2.30–$2.40 range as the first structural ceiling; it coincides with a descending trend-line that has capped every rally since March and with the 100-day exponential moving average. Related Reading: XRP Could Hit $50 If Ripple Gets Bank License, Claims Crypto Pundit The shorter-time-frame wave count shows why this band matters. From the 7 April swing low the market printed a clear five-wave micro-structure, implying that a fresh up-trend may already be underway. Yet, as the analyst cautioned, “We still have to clear all these previous swing highs… We’ve got resistance in this area around $2.30, structurally $2.40.” A decisive break above that shelf would validate a sub-wave (iii) target around $3.30–$3.50, the January swing-high zone the video calls “the next level.” Bearish Scenario For XRP Every Elliott-wave blueprint comes with an invalidation level. In the MCO model the entire fifth-wave scenario survives only if price holds above the April nadir—the start of wave 1 in the current one-two set-up. At the micro level the bulls must also defend what the video labels “the $1.99 support area.” A deeper retracement to $1.60 (the “red dotted line”) could be tolerated inside an extended wave 2, but any sustained trade beneath that mark would probably mean wave 4 is still developing, pushing back the timetable for a breakout. “As long as we’re holding above the April low, this pathway higher remains valid and plausible,” the analyst reiterated. Conversely, a failure there would force a re-evaluation of the entire count. Although the headline $9 print grabs attention, the analyst is clear that such an extension presupposes an extreme sentiment shift. Historically XRP’s rallies have often stalled near the 61.8 percent projection, and the channel’s host reminds viewers that “market sentiment” ultimately decides whether the 78.6 percent extension is reachable. For now the focus is squarely on securing an impulsive close above $2.40 and then on challenging the mid-$3 region. Only once that campaign succeeds will the discussion move seriously toward $5.65, $6.20 and, in a parabolic climax, the high-single-digit zone. At press time, XRP traded at $2.23. Featured image created with DALL.E, chart from TradingView.com