Ether prices could tumble a further 20% from current levels if history rhymes and the correction deepens this month. Now that Ethereum has run the prior all-time highs in August, “I think ETH will drop back to its 21-week EMA [exponential moving average],” said ICT Crypto founder Benjamin Cowen on Monday. This could send ETH […]
TL;DR SUI is trading near $3.20 support with targets set at $3.53 and $3.90 if held. A falling wedge pattern may lead to a reversal, but breakout confirmation is still missing. Over 1.9M SUI removed from circulation as token burns and freezes continue rising fast. Price Action Near Key Support After reaching a high of […]
Digital asset investment products staged a comeback last week, reversing prior outflows with $2.48 billion in inflows. August inflows now total $4.37 billion, which lifted year-to-date numbers to $35.5 billion. Activity was strong until Friday, when flows turned negative following the Core PCE release. The data dampened hopes for a September Fed rate cut and […]
Exchange supply levels for LINK continue to decline, following the same movement that began a few years ago. With profits and open interest at sky-high levels, will this ignite the next market upswing, or is there more to the story? Exchange Reserves Drying Up According to data from CryptoQuant as of the time of writing, […]
TL;DR XRP retests early August support as analysts forecast a bullish Wave 5 rally this quarter. Korean exchanges absorb $45M XRP during dip, suggesting strong demand from institutional desks. XRP Ledger activity surges 20% ahead of September’s Decentralized Media event and enterprise growth. Price Returns to August Levels as Key Pattern Forms XRP is trading […]
The Ethereum validator exit queue peaked at just over 1 million ETH on Friday as the asset maintained its price gains, and selling pressure and profit-taking increased. This is only natural, considering that Ether has more than doubled in price in a little over two months after spending a couple of years in the doldrums. […]