Tag: Support

XRP Enters A Make-or-Break Zone As This Long-Term Support Cracks

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XRP is facing a critical turning point as key long-term support gives way for the first time in over 400 days. After consolidating near $2, the recent break below the 200-day moving average signals mounting pressure, putting the cryptocurrency in a high-stakes zone where the next move could define its near-term trajectory. Price Stalls Below The $2 Wall As Volatility Compresses In an X post, Umair Crypto noted that XRP has faced heavy resistance near the psychological $2 level, forcing the price into a tight consolidation range between $1.85 and…

Bitcoin Price Resists Breakdown, Support Level Holds—for Now

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Bitcoin price trimmed all gains and dived below $88,000. BTC is now recovering losses from the $86,700 support but faces many hurdles. Bitcoin started a recovery wave above the $88,000 zone. The price is trading above $88,000 and the 100 hourly Simple moving average. There was a break above a declining channel with resistance at $87,300 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it stays above the $87,500 zone. Bitcoin Price Remains Bid Near Support Bitcoin price…

Alleged Crypto Scammer Posed As Coinbase Support To Steal $2M

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An alleged scammer posing as a Coinbase help desk worker has reportedly stolen around $2 million in crypto from users of the exchange, according to blockchain sleuth ZachXBT.  In a Monday X post, ZachXBT claimed that he had managed to pinpoint the identity of the alleged scammer after cross referencing Telegram group chat screen shots, social media posts and wallet transactions.   ZachXBT alleged that the “Canadian threat actor” had “stolen $2M+ via Coinbase support impersonation social engineering scams in the past year blowing the funds on rare social media usernames,…

Uniswap surges as vote to burn 100 million UNI shows overwhelming support

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Key Takeaways Uniswap’s governance vote on the UNIfication proposal is nearing its conclusion. UNI is moving higher as the deadline approaches. Share this article Uniswap’s UNI token is edging higher as the community votes on the “UNIfication” proposal, a governance package designed to introduce protocol fees and create a direct token-burn mechanism. The vote opened on December 20 and is set to end in less than 20 hours. CoinGecko data shows that UNI jumped from around $5.4 to $6.4 early in the voting window before retreating alongside other crypto assets.…

XRP Price Slides Under Support, Bearish Continuation Signals Emerge

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Solana treasury Upexi plans $1B capital raise to support operations and investments

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Key Takeaways Upexi seeks to raise up to $1 billion by offering various securities to support operations and investment plans. A significant portion of Upexi’s balance sheet is allocated to staked Solana assets through its digital asset treasury program. Share this article Upexi, a Solana-focused treasury company, plans to establish a shelf registration authorizing up to $1 billion in potential securities offerings, according to a recent SEC disclosure. The filing covers common and preferred stock, debt securities, warrants, and units, which may be issued over time. Upexi stated that net…

Bitcoin cost-basis heatmap shows $85K as strong support zone

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Key Takeaways Roughly 976,000 BTC were acquired at the $85K level, totaling $83 billion. Cost-basis heatmap reveals heavy concentration of demand at this zone. Share this article Bitcoin’s cost-basis heatmap shows $85,000 as one of the strongest support levels in the current cycle, with nearly 976,000 BTC, worth about $83 billion, acquired around this price, according to on-chain data. This demand cluster marks a key zone where buyers stepped in with size. The cost-basis heatmap reflects wallet-level acquisition data, highlighting the price points where the most BTC was purchased. High-volume…

XRP Holders Are In For More Pain As There’s ‘Not A Single Support Holding’

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XRP holders could be facing another prolonged stretch of downside pressure as the cryptocurrency continues to lose ground in a weakening market. XRP’s performance this period has been underwhelming enough that analysts have seemingly given up hope of the price challenging higher resistance levels in the near term. They revealed that XRP has slipped below key support zones, leaving few technical barriers to slow further declines.  XRP Faces Further Decline As All Support Fails A crypto market analyst who goes by the name ‘Guy on the Earth’ on X has…

Ethereum Price Continues to Slide—Where Is the Next Support?

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Ethereum price failed to stay above $3,000 and declined further. ETH is now consolidating and might soon aim to start a recovery wave if it clears $2,880. Ethereum started a fresh decline below the $2,950 zone. The price is trading below $2,900 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,920 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,800 zone. Ethereum Price Dips To New Weekly…

XRP Price Falls To Critical Support Level, Is It Time To Panic?

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XRP now finds itself trading around the $1.90 region due to an extensive pullback in the past 30 days. The question is now whether this pullback is a structural weakness or a necessary reset within a larger bullish structure.  A technical analysis shared by crypto analyst Tara focuses on this exact moment, highlighting why the current level could be far more important than it looks on the surface. XRP Tests A Macro Fib Support Zone Around $1.88 XRP’s price action in the past 24 hours saw it declining to an…