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Nasdaq has reportedly submitted a review request for CoinShars XRP and LTC spot ETFs to the SEC. The LTC spot ETF is evaluated to have a high possibility of being launched as it is not involved in legal disputes with the SEC. The CFTC classifying Litecoin as a commodity is expected to act as a positive factor. #LTC&XRPETFsNext? #XRPETFApproval
Fibonacci Levels: Price bounced from the 0.618 Fibonacci level (~$95,688), indicating a key support area. Additional Fibonacci support at 0.706 ($95,458) and 0.79 ($95,238).
Chart Patterns: A downward channel was recently broken to the upside, suggesting bullish momentum. There was a strong recovery after testing lower Fibonacci support levels.
Observations Current Price: $0.5193 Recent High: $0.6239 Recent Low: $0.4958 Price is consolidating after a recent downward move from the $0.5440-$0.5500 zone .A resistance zone is evident around $0.5400 to $0.5500, with a previous rejection at $0.5440. The support zone lies at $0.4950, with price recently testing it and bouncing upward.
Bullish Scenario If the price breaks and holds above $0.5500, expect further upward momentum toward $0.58 (minor resistance) $0.62 (major resistance)
Bearish Scenario If the price fails to sustain above $0.5200 and breaks below $0.4950, potential downside targets are: $0.45 (psychological support) $0.40 (key structural support)
Trading Strategy Suggestions
Long Strategy (Bullish Breakout)Entry: Above $0.5500 Stop Loss: Below $0.5300 Targets: $0.5800, $0.6200 Short Strategy (Rejection Setup)Entry: Near $0.5400-$0.5500 resistance if the price gets rejected Stop Loss: Above $0.5550 Targets: $0.4950, $0.4500
Current Price: $2.3955 Recent High: $2.5030 Recent Low: $2.3113 A descending channel is evident, indicating a short-term bearish trend with multiple rejections at the channel resistance.
Bullish Scenario
If the breakout sustains above $2.40, potential upside targets are :$2.44 (minor resistance) $2.50 (key structural resistance)
Bearish Scenario
If the price fails to sustain above $2.40 and falls back within the descending channel, a retest of support near $2.35 and $2.31 (the recent low) is likely.
These ALTCOINS Extend Losses as BTC Faced Rejection at $100KK(Weekend Watch). #altcoins Bitcoin's tumultuous journey continues as it faced a sharp rejection at the $100,000 mark, dropping over $4,000 in a matter of hours. The market remains volatile, with $BTC unable to hold above the critical level.
The broader altcoin market isn't faring any better, experiencing significant double-digit losses over the past week. ETH, a key player in the space, saw a 4% decline in the last day alone, struggling to maintain its position above $2,600. Other major altcoins like $LINK, $SUI, $AVAX, ADA, and XMR have also faced substantial downturns, with losses reaching up to 7%.
Among the popular meme coins and other large-cap altcoins, $DOGE, $BNB, $SOL, and $HBAR are also in the red, though with less severe drops. On a slightly positive note, $XRP and $TRX have managed minor gains over the past day.
The overall crypto market capitalization has taken a hit, losing an additional $80 billion and now stands at $3.250 trillion. As $BTC continues to struggle, its dominance over the altcoins has reached nearly 59%, reflecting the broader market's struggles.
Investors and traders should remain cautious and consider risk management strategies in this volatile environment. Monitoring market trends and staying informed is crucial for making data-driven decisions that can help navigate these turbulent times. #BTCNextATH?
After Donald and MELANIA Trump launched speculative meme coins, over 700 copycat tokens were sent to Trump's digital wallet, with creators falsely implying his endorsement. In three weeks, 736 different meme coins were deposited, including nearly 200 named after Trump or his family. The move faced criticism for promoting highly volatile assets that could mislead retail investors. $TRUMP #TrumpCrypto #melaina #Scam?
BITCOIN is range-bound at ~$96K, with key support at $95,500 and resistance at $98,500–$100K. A breakout could shift momentum, but failure to hold support may trigger a drop toward $92K. Indicators suggest continued selling pressure $BTC #BTCNextATH?