traders / 2 posts found
Alert Traders! XRP Up For Another Price Crunch, Here Is Why
The crypto market is currently on a bumpy ride as Bitcoin, the first born currency, has once again lost its $20,000 level. In the early hours today, September 29, Bitcoin had managed to surge from $18.5k to $19.8k before plunging. Currently, Bitcoin is trading at $19,255 with a drop of 1.56% in the last 24hrs. The same is with XRP as the currency has flashed too much volatility in the recent days. In the last 30 days the currency has lost nearly 20%. Though there is significant rise in XRP’s trading volume, the network faced lack of funds and support […]
![Shiba Inu [SHIB]: Why traders should wait for this before placing long bets](https://cryptoteambuild.com/blog/wp-content/uploads/2022/05/597-shiba-inu-shib-why-traders-should-wait-for-this-before-placing-long-bets-960x600.png)
Shiba Inu [SHIB]: Why traders should wait for this before placing long bets
Despite its recent falling wedge breakout, Shiba Inu (SHIB) buyers failed to flip the bearish narrative owing to the coin’s very high correlation with Bitcoin. Since rebounding from the 61.8% Fibonacci level, the month-long trendline resistance (yellow, dashed) has curbed the potential of buying rallies. While the current setup exhibited a bearish edge, a close above or below the trendline resistance could influence the coming moves of the dog-themed token. At press time, SHIB traded at $0.01075, up by 1.95% over the last day. (For brevity, SHIB prices are multiplied by 1000 from here on). SHIB Daily Chart Source: TradingView, […]