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The Shiba Inu price has soared 11% in the last 24 hours to trade at $0.00001874 as of 7:30 a.m. EST on a 173% pump in trading volume to $938 million Shiba Inu Price May Encounter Resistance: Bearish Reversal Ahead? The Shiba Inu price action reveals a “Head and Shoulders” pattern, signaling a possible bearish reversal. The pattern shows an initial price peak around $0.000925, followed by a rise to the Head’s peak at approximately $0.001020, marking the highest point. Subsequently, the price declined, leading to the formation of the Right Shoulder, which reached around $0.000950 before pulling back again. If confirmed, this pattern could indicate a bearish reversal ahead. The Neckline Support, marked at approximately $0.000880, is critical to watch because it connects the shoulders and head dips. If the price breaks below this neckline support, it would confirm the bearish reversal and could lead to a deeper decline. SHIBUSD Analysis Source: Tradingview ...

Bitcoin crossed above $61K in early Asian trading hours today as traders remain cautious ahead of the release of US CPI (Consumer Price Index) data and a recent filing shows Goldman Sachs holds positions in multiple BTC ETFS (exchange-traded funds). Since breaching $61K earlier today, BTC has pulled back to trade at $60,856.21 as of 3:20 a.m. EST. Despite this correction, the leading crypto is still up more than 2% over the past 24 hours. Traders Remain Cautious Ahead Of CPI Release Even though BTC was able to reclaim a position above $60K in the past trading session, several traders and trading funds remain cautious ahead of a busy data week.  “Investors remain cautious ahead of US CPI this week,” said QCP Capital in a Telegram broadcast. Traders will try to gauge if the US Federal Reserve will cut interest rates by 50 or 25 basis points in September, the crypto trading firm added. Currently, the odds of either happening are “evenly split,” accordin...

The XRP price dropped 3% in the last 24 hours to trade at $0.6047 as of 03:49 a.m. EST on trading volume that plunged 50% to $2.6 billion. This comes as the U.S. Securities and Exchange Commission (SEC) hints at a looming appeal after District Judge Analisa Torres ordered Ripple to pay a $125 million fine, while the SEC had sought a much larger penalty of $2 billion. The SEC may still be considering appealing certain aspects of the case. After a sustained surge this week, XRP now trades within the $0.60 range. Can XRP surge above the currency resistance? XRP Price To Continue Rallying The XRP price dropped from the $0.65 resistance to the $0.47 support from August 1 to August 6, according to data from GeckoTerminal . The bulls, however, capitalized on this support to push the token back to the resistance zone, forming a complete rounding bottom pattern. XRP price aims for a rally above the pattern, as the price now trades above both the 50-day and 200-day Simple Moving Averages (...

The Securities and Exchange Commission (SEC) approved, on May 23, securities exchanges’ listing of Ethereum (ETH) spot exchange-traded funds (ETFs). ETH’s price surged following the news as related keywords started dominating the cryptocurrency space. However, Vini Barbosa spotted divergent data on Santiment’s Sanbase Pro charts, suggesting retail traders currently dominate the Ethereum market. In particular, Ethereum’s social dominance reached year-over-year highs at 14.21%, strongly dominating other cryptocurrencies in social indicators. This index alone usually suggests retail traders are the protagonists in the current action, and whales have previously opened positions. Picks for you Donald Trump declares support for crypto, insists US must not  settle for ‘second place’   35 mins...