Bitcoin may reach new record levels as demand surpasses supply, says Analyst Pentoshi. Institutional investors' insatiable demand could push Bitcoin to $120,000 this month. Continue Reading: Anticipated Bitcoin Surge Could Break Records The post Anticipated Bitcoin Surge Could Break Records appeared first on COINTURK NEWS .
Polymarket’s trading volume surged to an impressive $1.1 billion in May, fueled by its strategic partnership with Twitter (now X), highlighting a significant milestone in the prediction market sector. This
After a prolonged period of sideways price action, XRP may be approaching a critical technical inflection point. A recent chart shared by crypto analyst Maxi (@Maxi_Dec2020) highlights a long-term bullish formation that appears to be echoing a previous market structure seen in 2017. The chart indicates a possible breakout, with a long-term target of $8.00. It outlines two distinct symmetrical triangle formations . The first, forming between 2014 and 2017, resolved in a breakout that propelled XRP to its all-time high in early 2018. Following that explosive move, the asset entered a multi-year downtrend and consolidation period, eventually stabilizing around $0.55. The chart also shows that the digital asset has broken out of the second triangle pattern, which spans from 2021 through 2024. Maxi’s analysis places particular emphasis on Fibonacci extension levels, which align with the 2017 pattern . In the previous cycle, XRP reached the 1.382 Fibonacci extension following its breakout. Applying the same methodology to the current setup, the $8.00 target appears as a symmetrical projection. $XRP 's current #bearish trend could lead to a bullish breakout, aiming for $8.00.# pic.twitter.com/gXBCDp29Bm — Maxi (@Maxi_Dec2020) June 6, 2025 We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Momentum Indicators and Market Structure Align Momentum indicators shown at the bottom of the chart further support the structural analysis. Historical Relative Strength Index (RSI) spikes are marked with arrows, illustrating the behavior during the 2017 rally. The asset experienced two spikes. One during the initial climb, followed by a short consolidation period, before another spike coinciding with its all-time high. The rally that began in November after former SEC Chair Gary Gensler’s resignation announcement caused an RSI spike. Maxi pointed out on the chart that the upcoming spike could send the digital asset toward $8. The chart also references the 1-month 50-period moving average (MA50), which XRP has decisively reclaimed for the first time since 2022. This moving average acted as a key support level during the early stages of the last rally and is again positioned to offer structural support if the asset follows this bullish prediction. What’s Next for XRP? The analyst’s $8.00 projection assumes a continuation of the historical pattern, which relies heavily on similar market dynamics playing out in the current cycle. This symmetry offers a compelling technical argument, and other analysts have set higher targets based on this repeating historical pattern. The asset is currently trading at $2.16, gearing up for another rally. A breakout above current levels, followed by sustained momentum, could set the stage for a longer-term push toward $8.00. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Analyst Says a Big XRP Breakout Is Coming. Here’s the Price Target appeared first on Times Tabloid .
Paolo Ardoino, CEO of Tether, posted several pictures of items priced in USDT in Bolivia, marking an adoption milestone for the dollar-pegged stablecoin. The measure comes amid a climate of unrest due to the scarcity of dollars and gas faced by Bolivians. USDT Used to Establish Prices in Bolivia Stablecoins are becoming increasingly popular in
Bitcoin has surged past the $106,000 threshold, signaling a renewed bullish momentum in the cryptocurrency market amid recent volatility. After a brief dip below $101,000, Bitcoin’s quick recovery highlights robust
The upcoming summit between U.S. President Donald Trump and Chinese President Xi Jinping in London marks a critical step toward resolving rare earth mineral supply disruptions that have rattled global
As tensions on social media between high-profile figures Trump and Musk ease, a fresh wave of optimism sweeps the crypto market. Discover which digital coins are poised for significant growth. Uncover the hidden gems and top contenders ready to surge, as stability returns and sparks renewed investor confidence. Dive into the top crypto picks set to thrive. Ethereum's Recent Performance and Current Price Dynamics Over the last month, Ethereum gained 14.01% after a longer decline of 32.28% over the previous six months. The latest weekly performance showed a slight slip of 0.54%, indicating mixed signals from technical indicators. Ethereum has been swing-trading within its recent range, reflecting volatility and uncertainty among traders. Historical movements highlight a market attempting to regain stability following a significant downturn. The current price movements range between $1923 and $2961. Primary support is identified at $1318, with resistance at $3395. Additional safeguards are noted at $280 and $4433, respectively. Indicators such as the RSI near neutral at 52.89 and a negative momentum of -117 suggest a cautious environment. While bulls are making short-term gains, bears continue to exert influence, creating potential trading opportunities within these levels. A break above resistance could spark stronger bullish interest, whereas a drop below support may reinforce bearish dominance. Cardano Faces Headwinds Amid Downturn Trends Cardano experienced a decline of 13.67% in the past month and a more significant drop of 33.96% over the last six months. In the previous week, the performance decreased by 3.49%, with trading observed between $0.60 and $0.82. This persistent price weakness indicates that Cardano has faced considerable selling pressure, showing a downward sentiment and a lack of recovery indicators in recent periods. Current price action highlights critical levels for traders to monitor closely. Support at $0.51 may hold if buying interest increases, while resistance at $0.95 could limit any upward movements. A secondary support level is found around $0.29, with higher resistance near $1.17, suggesting a trading range under bearish influence. Indicators show an overall negative trend, with the RSI near 40.20. Traders may consider looking for bounces off the $0.51 support or waiting for sustained moves above $0.95 before entering long positions, as sellers currently dominate the market. Solana Price Analysis: Key Levels Amid Recent Declines Solana ’s recent performance saw an 8.86% drop in the past month and a steeper decline of 30.93% over the last six months. Price movements have showcased significant downward shifts, impacting short-term gains and investor sentiment. The recent volatility has resulted in a narrower trading band, reflecting caution among market participants. This extended downtrend over six months highlights challenges in price action, with attempts at recovery consistently failing due to persistent bearish pressure. The coin is currently trading between $136 and $182, with immediate resistance at $207.90 and support at $115.84. A second resistance level is at $253.93, while broader support is located around $69.81. Indicators such as the Awesome Oscillator and momentum values suggest prevailing bearish sentiment. An RSI reading of 39.57 points to downward pressure, with prices remaining within these key levels. Trading strategies include buying near lower support with tight stop-losses and shorting near resistance, while observing for breakouts that could signal a change in market sentiment. Conclusion As tensions ease, ETH , ADA , and SOL emerge as strong contenders. ETH remains a solid option with smart contract capabilities. ADA shows promise with ongoing development and community support. SOL offers quick transaction speeds and low fees, making it attractive. These coins display potential for growth and stability in the evolving market. 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.
Bitcoin is experiencing significant daily profit-taking, with seasoned holders cashing out over $1 billion, signaling a pivotal moment in the current market cycle. Data from Glassnode reveals that this profit
Bitcoin has experienced a significant surge, reaching near $107,000, fueled by Metaplanet’s strategic accumulation plans and growing institutional interest amid geopolitical tensions. This upward momentum reflects a broader trend of
Solana’s meme coin Bonk has officially launched its first game, Bonk Arena, marking a significant milestone in crypto gaming with a unique pay-to-spawn, win-to-earn model. FIFA Rivals, a blockchain-powered mobile