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Summary ⚈ XRP shorts hit a 2-week low as the token fails to breach $2.20. ⚈ XRP’s RSI is 38, and recent Ripple token unlocks add selling pressure. ⚈ No clear bearish catalyst exists, but bullish sentiment grows amid Ripple-SEC case progress. The ratio of newly-opened XRP shorts compared to long positions reached a 2-week low on May 5, as the token’s price failed to breach resistance at $2.20. To be more precise, 55.07% of positions opened in the past 12 hours have been longs, and 44.93% have been XRP shorts, per data retrieved by Finbold from market intelligence platform CoinGlass . XRP long-short ratio chart. Source: CoinGlass At press time, the price of XRP had fallen to $2.15, marking a 1.67% decline on the daily chart. Prices briefly touched the $2.14 mark on two occasions, but quickly bounced off, demonstrating a strong degree of demand at those levels. XRP price 1-day chart. Source: Finbold Is the reduction in XRP shorts a bullish signal or a fa...

The Fartcoin price surged 29% in the last 24 hours to trade at $1.09 as of 3.45 a.m. EST on trading volume that skyrocketed 114% to $213.7 million. The project’s price blew up after yesterday’s announcement that Fartcoin got listed on Binance Alpha, a platform within Binance Wallet designed to put early-stage projects with great potential under the spotlight and help it grow in the Web3 ecosystem. Fartcoin just listed on @binance alpha pic.twitter.com/wHIvvwfFSs — 👾 (@degentral) December 18, 2024 Many have started speculating that assets listed on Binance Alpha might be next to see listing on Binance’s main exchange, which, if true, could be a massive move for Fartcoin. So far, the project has seen a 104% weekly price increase, and while a lot of it was struggling to breach certain resistances, including at $0.80 and $1, the token has managed to rise to the challenge in the last seven days. In fact, two hours ago it reached an ATH at $1.06. Fartc...

The Mog Coin price plunged 7% in the last 24 hours to trade at $0.000002260 as of 02:21 a.m. EST on trading volume that jumped 44% to $52.8 million, according to CoinGecko. Mog Coin Price On A Bearish Trend The Mog Coin price trend appears to be shifting toward bearish momentum. This is evident from the downward-sloping trendline connecting recent lower highs and the price breaking below key horizontal support levels, forming a descending triangle pattern. As a result of the downtrend from mid-November, the price of Mog Coin now trades below the 50-day Simple Moving Average (SMA), but maintains its position slightly above the 200-day SMA at $0.000002250. Meanwhile, the Relative Strength Index (RSI) is also on a downtrend, currently at 34, indicating the asset is approaching the oversold zone at 30. If the current trend continues, the price of Mog Coin could plunge even further, with the next possible support level at $0.0000016493, the previous support in November. MOG/USD...

The MemeFi price soared 21% in the last 24 hours to trade at $0.01128 as of 02:29 a.m. EST on trading volume that surged 151% to $612 million. MemeFi Price Indicators Indicate A Possible Price Rally After a steep decline, the MemeFi price consolidated in a range (marked as support) around $0.0060, before forming a rounded bottom. MEMEFI then dropped slightly to $0.0102 support, which the bulls seem to be using to rally the asset, according to data from GeckoTerminal . The 50-day Simple Moving Average (SMA) is shown at $0.00831, well below the current price of $0.01128. Interpretation: The price being above the 50-day SMA suggests bullish momentum, with the SMA acting as a potential dynamic support level. Moreover, the Relative Strength Index (RSI) is at 61.27, which is in the neutral-to-bullish zone (below the overbought threshold of 70). This indicates the price has room to move higher before becoming overbought. Momentum is strong, but the RSI should be monitored for potential ov...

The EGO price soared 19% in the last 24 hours to trade at $0.02404 as of 00:01 a.m. EST on trading volume that surged 79% to $3.8 million . Ego Price Gearing Up For A Bullish Trend Reversal The Ego price recently experienced a strong upward spike, but it has since entered a consolidation phase after hitting the $0.025 resistance zone, according to data from GeckoTerminal . A descending triangle pattern is visible, with the Ego price testing the lower highs and horizontal support. This pattern is typically bearish, but in this case, it could act as a continuation pattern since the prior trend was bullish. If the price breaks out above the resistance of the triangle, we could see another upward move. EGO price trades above both the 50-day and 200-day Simple Moving Averages (SMAs), which supports the bullish bias. The Relative Strength Index (RSI) is approaching the overbought zone (70), currently at 62, but remains below it. This suggests moderate bullish momentum. If the RSI moves...

The Sandbox price soared 28% in the last 24 hours to trade at $0.8005 as of 11:40 a.m. EST on trading volume that surged 305% to $6.4 billion. SAND earlier surged to an 8-month high of around $0.93, surpassing the $0.81 resistance that occurred in March. Sandbox Price On A Continued Rally The SAND/USD chart shows that the Sandbox price is on a strong bullish trend emerging after a prolonged period of consolidation. Recent price action has broken out of resistance levels, and the significant rally indicates strong buying momentum, which has pushed the price of Sandbox to a 132% surge for the $0.3375 support zone, according to data from GeckoTerminal . The  SAND price now trades gracefully above both the 50-day and 200-day Simple Moving Averages (SMAs), as it coincides with the parabolic rise pattern. Moreover, the Relative Strength Index (RSI) is at 88.08, which is significantly overbought (above 70 typically indicates overbought conditions). This suggests that the price may b...

The Solana price has pumped 10% in the past month and 1.3% in the last 24 hours to trade at $174 as of 12:20 a.m. EST on a 10% surge in trading volume to $3.2 billion. Solana Price Might Fall The SOL/USDT 1-hour chart displays a series of technical patterns and signals suggesting potential price movements. Initially, an ascending triangle formed between October 20th and October 24th, a bullish continuation pattern where the price gradually rose while encountering resistance. This pattern typically signals buyer strength, and true to form, SOL/USDT broke above the triangle’s resistance around October 24th, sparking a rally to a new resistance level of around $179. After the breakout, SOL/USDT faced significant resistance at the $178 – $179 level, repeatedly failing to close above it. This area became a strong selling zone, and between October 24th and October 27th, the price formed a double top pattern at this resistance level. This indicates that sellers are pushing bac...

The Wuffi price has soared 76% in the last 24 hours to trade at $0.0000007352 as of 7:20 a.m. EST as trading volume skyrocketed 829% to $1.5 billion. Wuffi Price Signals A potential Uptrend Ahead The WUF/USD trading pair in the 30-minute timeframe shows strong bullish momentum as the current price stands at $0.00007327, reflecting a slight gain of 2.78%. The chart highlights a sharp upward movement followed by a consolidation phase, with the price stabilizing between $0.00007200 and $0.00007327. This consolidation zone could be crucial, as it may signal either a continuation of the uptrend or a potential pullback, depending on whether the price breaks out or retraces. The 50-period moving average (SMA) is at $0.0000069, and the 200-period moving average (SMA) is at $0.0000048, both of which are significantly below the current price. This indicates strong bullish momentum, further supported by the recent moving average crossover, where the 50-period SMA crossed above the 200-period...

The Neiro Ethereum price has gone parabolic with a 61% pump in the last 24 hours to trade at $0.1184 as of 7:05 a.m. EST on a 60% surge in trading volume to $104 million. Neiro Ethereum Price Rebounds On A Strong Support Level The NEIRO/USD 4-hour price action shows that the NEIRO is in the early stages of a potential bullish reversal. The price is currently $0.1168, sitting between two key moving averages. The 50-period simple moving average (SMA) is at $0.1275, while the 200-period SMA is slightly below the current price at $0.1144. This positioning implies that while short-term momentum faces resistance, the long-term trend remains positive, with the 200-SMA providing crucial support. NEIROUSD Analysis Source: Dextools.io The rounded bottom pattern also indicates a shift from bearish to bullish sentiment. This reversal pattern formed near $0.0669, marks a key support level where buyers have stepped in, preventing further decline. Additionally, a second support zone is...

The Apes price has plummeted 5% in the last 24 hours to trade at $0.02194 as of  7:15 a.m. EST on a 24% drop in trading volume to $6.4 million. The Apes Price Bulls Signal A Breakout Above The Symmetrical Triangle The chart of the APES/USD pair on a 1-hour timeframe reveals a symmetrical triangle pattern formed by a bearish trendline and a rising support line, indicating a potential breakout. The symmetrical triangle pattern indicates the price between the bearish trendline, which acts as resistance, and the rising support line, suggesting a consolidation phase. The current price is approximately $0.02167, reflecting a slight decline of about 0.97%. APESUSD Analysis   Source: Dextools.io The 50 Simple Moving Average (SMA) is trading around $0.0226, indicating that the price is slightly below this short-term moving average, pointing towards mild bearish sentiment. Meanwhile, the 200 SMA is near the current price at around $0.02197, placing the price at a critica...