TL;DR Over 600 million SHIB were burned in a single day. The total amount of the destroyed tokens since adopting the program stands at around 410.7 trillion. Analysts believe Shiba Inu could chart substantial gains if it overcomes certain resistance levels. On the other hand, rising exchange inflows hint at increased selling pressure. The Impressive…
TL;DR Injective enters the Layer-1 staked ETF race following its first such filing after launching its EVM-compatible beta mainnet. Technical breakout above $15.23 opens path to $25–$30 based on Fibonacci extensions. Injective leads all L1s in code commits and joins the top 10 blockchains by revenue. Cboe Moves to List First Staked INJ ETF in…
TL;DR The controversial project continues to face some verification issues, as not all users have completed the necessary migration step. In one of the latest updates, the Core Team advised what those who had not migrated to Mainnet yet had to do, but it quickly faced backlash. Mainnet Migration Issues The post by the team…
TL;DR After skyrocketing past its old all-time high at $3.4 about ten days ago, Ripple’s cross-border token has been unable to maintain above that level. Its current correction has taken it down to $3.15. However, one analyst believes it’s still not a proper ‘buy-the-dip’ opportunity. If $XRP loses the $3.15 support level, a pullback to…
TL;DR WIF charts show a clear pattern shaping near $1.40, often seen before a breakout. Weekly structure holds firm, but $1.26 must flip to open room toward the $3.80 zone. Trading activity is rising, yet positioning remains even, showing uncertainty across the board. WIF Charts Show Familiar Breakout Structure Dogwifhat (WIF) is forming a cup…
TL;DR Dogecoin retests a descending trendline, confirms the breakout, and stabilizes above the $0.24 level. Hidden and regular bullish divergences emerge, strengthening Dogecoin’s short-term upward price setup. Active addresses decline, but price holds firm, signaling accumulation by larger and less active holders. Dogecoin Retests Trendline and Holds Above Key Level Dogecoin (DOGE) is showing a…
TL;DR Ethereum’s supply on exchanges has dropped to its lowest point in roughly nine years, while spot ETF inflows remain solid. Analysts expect ETH to continue pumping, but the overbought RSI points to a potential cooldown. Further Gains on the Horizon? Ethereum (ETH) has been on the crest of the wave over the last month,…
TL;DR Binance continues to adjust its spot trading program in response to market trends and to enhance user experience. Interestingly, some cryptocurrencies that received additional support saw a price pullback instead. More Pairs Added The world’s largest cryptocurrency exchange announced it will expand the list of trading pairs offered on Binance Spot by including CVX/USDC,…
TL;DR Binance listing rumors for PI have resurfaced, with the community eyeing August 15 as a potential date. The asset’s price hovers around $0.44, down 85% from its all-time high. Over 404 million tokens are now held on exchanges, signaling rising sell pressure, though some analysts still expect a rebound toward the $1–$1.50 range. Is This…
TL;DR PENGU breaks out of a descending triangle, aiming for $0.052 if volume continues rising. Korean traders push PENGU volume above Dogecoin, fueling talk of a major price surge. Pudgy Penguins addresses OpenSea rumors, confirms mobile game launch for iOS and Android. Breakout Structure Targets $0.052 Pudgy Penguins (PENGU) has moved higher this week, breaking…