After a little realignment of the red angled horizontal support, you can see that the trend is well within range but has little time to make the next big move on the 1 hour and maybe a significant move on The 4 hours timeframe.
⢠Considerations At this point, making a decision is quite difficult since a breakout from any direction could lead the trend towards that direct for about 3% - 7% on the 1 hour timeframe.
But here are few things to be considered before making a decision on the direction of the trend.
NOTE đŤ: This is not a trading advice and actions take by any trader is solely responsible to the trader.
1. Bitcoin made very small bullish percent rally already and is heading downwards a bit for correction. Since most coins/tokens follows the trend of Bitcoin, XRP might go bearish and therefore a bearish breakout .
2. According to the RSI indicator; on the 1 hour timeframe, XRP is currently trending at about 30%-40% in descending even though the candlestick are on a rather straight trend, XRP might soon reverse for an upward trend according to the RSI indicator.
3. According to the Bollinger Bands Indicator;. XRP just nipped above the upper quadrant of the Bollinger Bands which indicate a potential bullish trend, and you can see from the trend that the Bollinger bands are very closely packed together meaning a nearby volatile action. When Bollinger Bands get close as this, then it means there's a big move few candles in the future .
Use this information as you see fit, this is not a trading advice but simply an awareness post.
Xrp is currently trading at 2.30, and it is currently at a very important position according to the signal from image below ( there's a name for it but don't know what it's called, only know how to use it. );
If it breaks of above the upper angled resistance then there is a proposed bull run up to the yellow horizontal bar resistance with price 2.450,
But if Xrp breaks below the angled support then there's a proposed bear fall to the nearest yellow horizontal support with price 2.110
DO with this information how you please, this is not a trading advice. Do your own research.
Xrp is currently trading at 2.30, and it is currently at a very important position according to the signal from image below ( there's a name for it but don't know what it's called, only know how to use it. );
If it breaks of above the upper angled resistance then there is a proposed bull run up to the yellow horizontal bar resistance with price 2.450,
But if Xrp breaks below the angled support then there's a proposed bear fall to the nearest yellow horizontal support with price 2.110
DO with this information how you please, this is not a trading advice. Do your own research.
Pudge Penguin ($PENGU ): The Next Big Token in Korea?
Pudge Penguin (PENGU) is generating buzz among investors following its listing on South Korea's leading crypto exchanges, Bithumb and Coinone.
⢠Listing Details - Coinone: Listed PENGU in the KRW market on December 17, 2024, at 00:00 UTC. - Bithumb: Began PENGU trading in the KRW market on December 24, 2024, at 08:00 UTC.
⢠Market Significance This staggered listing highlights the growing importance of the Korean crypto market. Investors view Korean exchange listings as a major milestone, associating them with enhanced global liquidity and strong bullish momentum. Community-driven tokens like PENGU are poised to gain significant visibility and support through such listings.
⢠Upbit Listing on the Horizon? As the largest crypto exchange in Korea, Upbit plays a crucial role in shaping the market. If PENGU secures a spot on Upbit, its position in the global crypto market could strengthen further.
⢠Market Rebound Potential Will $PENGU join the #MarketRebound ? As investors await a potential rebound, some wonder how long it'll take for $PENGU to reach 0.9. It could take months, but that's only if market confidence returns and buyers start actively investing again. For those already invested in $PENGU , the wait continues to recover investments and potentially generate profits.
⢠Finally; Korean exchange listings are more than just market access â they signal trust and growth potential in the global market. Keep an eye on PENGU's developments as momentum builds!
Altcoin Market Outlook: A New Wave of Opportunities? đ¤
$SUI
As Bitcoin dominance holds strong, the altcoin market is carving out its niche, offering intriguing opportunities for discerning investors. Projects like WLD and SUI are gaining traction, reflecting a growing appetite for innovation beyond BTC. But whatâs driving this resilience, and what should we watch for next?
From a technical perspective, Ethereumâs Layer 2 ecosystem continues to expand, fueling scalable solutions and increased network utility. Meanwhile, WLDâs focus on AI integration and SUIâs advancements in blockchain architecture highlight a trend towards specialized use cases. These factors not only stabilize but also differentiate altcoins in the current market climate.
Key metrics to monitor include BTC dominance levels (currently above 50%), as a drop below this threshold could signal a shift toward altcoin momentum. Additionally, on-chain data, such as increasing wallet activity and development metrics for leading altcoin projects, suggests sustained interest.
While the risks remainâvolatility and macroeconomic uncertaintyâthis phase could mark a pivotal moment for altcoins with strong fundamentals. Is this the beginning of a broader diversification in crypto portfolios? Time will tell.
As we continue to navigate the ever-changing landscape of cryptocurrency, I want to hear from YOU!
For those who may be new to $KAIA Coin, here's a brief overview:
Kaia is a highly optimized, BFT-based public blockchain designed to meet enterprise-grade reliability and performance standards. Its key design goals include achieving immediate finality for transactions, providing high transaction processing speed, lowering costs, reducing barriers to entry, and facilitating easy technology adoption.
Some of Kaia's core specifications include:
1-second block generation and confirmation time Processing capability of 4,000 transactions per second Low gas price (approximately 1/10 of Ethereum) EVM compatibility, supporting Solidity contracts Governance by reputable corporations worldwide forming Kaia Governance Council
Now that we've got the basics covered, I want to hear your thoughts!
What are your long-term predictions for Kaia Coin? Do you think it has the potential to disrupt the current crypto landscape? What industries or use cases do you see Kaia Coin being particularly well-suited for?
Share your insights, predictions, and opinions in the comments below!