Khans Cryptoism

Binance Futures Traders Going Long

Renowned crypto analyst Ali Martinez posted earlier today that most futures traders on binance who are betting on DOGE have gone full-on bullish. Over 72% of all futures positions opened at the world’s largest crypto exchanges are longs, meaning they expect the asset’s price to increase.
72.13% of traders on Binance with open #Dogecoin $DOGE positions are currently long!

That hasn’t been the case so far, and DOGE currently sits at $0.154 (4.1% lower than yesterday) as it was rejected at the $0.17 resistance earlier this week.
Moreover, history shows that too many longs (or overall bullish sentiment) spells trouble for the underlying asset. Binance traders were similarly optimistic aboutimilarly optimisticabout DOGE’s price moves in late March when over 76% of all futures positions were longs. At the time, the OG meme coin stood at above $0.19.
Not only has it never traded higher since then, but it actually plunged to $0.16 two days later and all the way down to $0.13 during the market sell-off on April 7, prompted by Trump’s Trade War.
DOGE is not an isolated example, as XRP’s price has shown similar trajectories after Binance futures traders went long. Just yesterday, CryptoPotato reported that 66.86% of such market participants have opened long positions on Binance. XRP is down by 4% today, but this article has even more painful examples. Whales Buying
In the opposite corner stand Dogecoin whales, which went on an accumulation spree in the past few days, acquiring more than 800 million DOGE. As whales are typically middle- to long-term players, such big purchases reduce the available supply and can trigger FOMO among smaller investors.
Analysts are still bullish on Dogecoin’s future price movements, predicting price surges of up to 3x. More recently, Crypto School posted a chart for DOGE’s short-term trajectory, indicating that the asset is at a ‘pivotal juncture’ that could see it going to as high as $0.23 or dropping to $0.11 depending on the next few days.
#DOGE #DOGE冲冲冲 #Dogecoin‬⁩

XRP price started a fresh decline below the $2.20 zone. The price is now showing a few bearish signs and might decline below the $2.050 level.
XRP price started a fresh decline after it failed to clear the $2.220 resistance zone.The price is now trading below $2.150 and the 100-hourly Simple Moving Average.There is a connecting bearish trend line forming with resistance at $2.1480 on the hourly chart of the XRP/USD pair (data source from Kraken).The pair might extend losses if it breaks the $2.050 support zone.
XRP Price Dips Further
XRP price failed to continue higher above the $2.220 resistance zone and reacted to the downside, like Bitcoin and Ethereum. The price declined below the $2.20 and $2.120 levels.
The pair even tested the $2.080 zone. A low was formed at $2.081 and the price is now consolidating losses. The current price action is bearish below the 23.6% Fib retracement level of the recent decline from the $2.215 swing high to the $2.081 low.
The price is now trading below $2.150 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $2.150 level. On the hourly chart of the XRP/USD pair, a connecting bearish trend line is forming with resistance at $2.148. The trend line is near the 50% Fibonacci retracement level of the recent decline from the $2.215 swing high to the $2.081 low.

The first major resistance is near the $2.180 level. The next resistance is $2.20. A clear move above the $2.20 resistance might send the price toward the $2.250 resistance. Any more gains might send the price toward the $2.280 resistance or even $2.30 in the near term. The next major hurdle for the bulls might be $2.320.
More Losses?
If XRP fails to clear the $2.15 resistance zone, it could start another decline. Initial support on the downside is near the $2.080 level. The next major support is near the $2.050 level.
If there is a downside break and a close below the $2.050 level, the price might continue to decline toward the $2.00 support. The next major support sits near the $1.880 zone.
Technical Indicators
Hourly MACD – The MACD for XRP/USD is now gaining pace in the bearish zone.
Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level.
Major Support Levels – $2.080 and $2.050.
Major Resistance Levels – $2.150 and $2.20.

#ETH #Thether #xrp #USDTfree

XRP’s price has slipped by 4.7% in the past 24 hours, continuing a pattern of high volatility that has defined much of March. Amid this decline, however, some see opportunity, with one popular analyst identifying an interesting reversal pattern that could turn the tide to bullish trajectory.
Inverse Head And Shoulders Pattern Appears On XRP Chart
XRP has extended its decline from $2.47 in the past 24 hours. Particularly, XRP has been down by 13.8% in the past three days, and it looks like it could easily break below $2.10.
Crypto analyst Egrag Crypto took to social media platform X to highlight what he called a “most probably inverse head and shoulders” pattern currently unfolding on XRP’s daily timeframe. The pattern, which has been developing since early March, is now in the final stages of forming the second shoulder. As such, this phase might still see further short-term downside, as XRP potentially dips again to complete the structure of the second shoulder before a breakout rally.
If confirmed, the inverse head and shoulders would lead to a strong bullish reversal, which is going to be significant given XRP’s recent price retracement. According to Egrag Crypto, the measured move from the completion of this formation could send the price to a price range between $3.7 and $3.9.
Analyst Says XRP Could Reach All-Time High In 90 To 120 Days
The inverse head and shoulder analysis is part of a bullish outlook that suggests that the XRP price can reach a new all-time high within the next 90 to 120 days. This prediction, also made by Egrag Crypto, is based on a recurring pattern observed in XRP’s Relative Strength Index (RSI) across past bull markets.
He pointed out that during the 2017 and 2021 cycles, the RSI indicator on XRP exhibited two distinct peaks, with the second peak coming between 90 to 120 days after the first peak. The second RSI peak in 2017 occurred about 120 days after the first peak. A similar scenario occurred in 2021, although the interval between the first and second RSI highs was shorter at just 90 days. This trend sets the stage for a historic surge that could align with the breakout from the current inverse head and shoulders setup.
So far in this cycle, XRP has already completed its first RSI peak, reaching as high as 85.17 toward the end of 2024. Following that, the RSI has been on a long cooldown phase, dipping to a low of 65. At the time of writing, the RSI sits around 66, and a bounce is expected from here, which is to peak sometime around June.

RSI typically rises with increased market participation, capital inflow, and bullish price movement. If the trend continues within the next 90 to 120 days, XRP’s RSI could peak again around June. At the time of writing, XRP is trading at $2.12, down by 4.7% in the past 24 hours.
#Xrp🔥🔥 #USDT #TradingSignals

Fundamentals
Over the past four days, the cryptocurrency market has been consolidating within a narrow range, with the total market capitalization experiencing a modest increase of just over 2.5% to US$2.72 trillion during the last seven days. These levels remain below the 200-day SMA, indicating that the balance of power continues to favor the sellers. This is a critical signal line differentiating between bullish and bearish trends.
It is also noteworthy that the market is stabilizing amidst declining trading volumes, suggesting that the current situation remains fragile despite the positive performance of the indices in recent trading sessions.
According to CryptoQuant data, Ethereum exchange reserves have increased by over 100,000 ETH since the beginning of this week. Over a weekly timeframe, reserves have increased by more than 270,000 ETH. This increase suggests that a bottom range may be emerging in the range-bound market.
Despite several on-chain indicators pointing towards a downward trend, the total staked value of ETH presents an anomaly, having increased by nearly 180,000 ETH over the past week. This suggests that a significant number of ETH investors still maintain a long-term bullish outlook.

Technical Analysis
Ethereum's price surged on Wednesday, breaking above the US$1,964 range. Bulls must now consolidate above the US$2,000 psychological level, maintaining it as support to reignite the bullish trend. A potential upside target lies above the US$3,005 level.
The Relative Strength Index (RSI) and Stochastic Oscillator are testing their neutral levels, suggesting a possible shift away from the prevailing bearish momentum in the short term.
Conversely, a significant price decline below US$1,800 could embolden bears, potentially driving the price towards the US$1,500 threshold.
Trading Recommendations
Trading Direction: Buy
Entry Price: 1962
Target Price: 3079
Stop Loss: 1705
Valid Until: April 3, 2025 23:55:00
Support: 1962, 1862, 1756
Resistance: 2073, 2554, 2865
#ETH #cryptocurrencies #USDT