XRP Price Confirms Bullish Reversal Setup With This Demand Zone

A new technical analysis reveals that the XRP price has just confirmed a bullish reversal set-up on the 1-hour chart, following a strong rebound from a critical demand zone. This development has raised expectations of a potential short-term rally, as a crypto analyst forecasts higher targets in the coming sessions.  XRP Price Bullish Reversal In Sight FrankFx14, a pseudonymous TradingView crypto analyst, has revealed that the XRP price has found solid footing between the $2.31246 and $2.37028 support area. The analyst also identified this range as a historically significant demand zone where previous buying pressure has consistently reversed price declines.   Related Reading: XRP Price Explosion To $5.9: Current Consolidation Wont Stop XRP From Growing As XRPs price dipped into this demand zone on May 17, bulls stepped in, defending the lower boundary and triggering a sharp rejection. According to the analyst, the confirmation came with a bullish engulfing candle a widely recognized signal for a potential trend reversal.  Trading at approximately $2.378 at the time of the chart analysis, XRP is now holding the top of this key demand zone, indicating renewed buying interest. The TradingView analyst has suggested that as long as the price remains above $2.37028, XRPs bullish outlook remains intact.  According to the TradingView expert, the presence of XRPs bullish reversal setup is supported by the LuxAlgo Supply and the Demand Visible Range indicator. With XRPs price action breaking upward from its local bottom, the analyst points to $2.4939 as the next key level to watch. This price marks the mid-level of a previous supply zone and a likely resistance area. The next bullish target for XRP is $2.6031. The analyst has described this point as a major supply zone where sellers previously gained control. These price zones are now considered primary targets for short-term traders positioning for potential upside.  FrankFx14 has urged traders to wait for further confirmation, highlighting that strong trading volume and candle closes above the $2.375 level would be the key to validating XRPs bullish continuation.  Analyst Forecasts Mega Rally For The Altcoin XRP has officially broken out of a long-term Falling Wedge pattern, sparking optimism, with analysts like Crypto Avi believing that a mega rally could be on the horizon. According to his chart analysis, the token is now poised for a mid-term surge, targeting new all-time highs around $4.90.  Related Reading: When Will The XRP Price Explode? Timeline Shared By Crypto Pundit Presently trading at $2.29, a surge to this bullish target would represent a significant increase of 114% for the altcoin. The chart illustrates that the cryptocurrency has been trapped in a downward-sloping channel since late 2024, consolidating in a pattern seemingly recognized as bullish. XRP is currently testing the Falling Wedges breakout level, which may now act as support. A sustained move above this level could confirm the analysts bullish thesis, paving the way for a potential climb toward $4.90. Featured image from Getty Images, chart from Tradingview.com

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Dogecoin Ready To Howl? Falling Wedge Breakout Hints At A Rally

Dogecoin may be gearing up for its next major move as technical signals begin to turn in the bulls favor. After a period of consolidation and downward pressure, DOGE has broken out of a falling wedge pattern, one of the most reliable bullish reversal formations in technical analysis. This breakout suggests that the meme coin could be on the verge of a potential rally, especially as momentum begins to build within a key price zone.  How The Falling Wedge And Rounded Bottom Favor Bulls In a recent post on X, a crypto analyst with the username TitaniumXBTC spotlighted an encouraging technical setup on Dogecoins chart. The expert emphasized that DOGE has successfully broken out of a falling wedge formation while completing a rounded bottom formation. These two chart patterns, when combined, often signal the exhaustion of a downtrend and the start of a potential uptrend, laying a strong foundation for future price appreciation. Related Reading: Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools Off The analyst pointed out that this breakout has already been validated, with Dogecoin gaining momentum as it pushes beyond the key resistance area. The bullish pressure appears to be accelerating within the highlighted zone, suggesting that buyers are stepping in with growing conviction. This move, if sustained, strengthens the case for a mid-to-long-term rally, with the breakout zone acting as a launchpad for further gains.  Despite the optimism, the expert cautioned that confirmation is necessary. Should the breakout hold and attract continued interest, Dogecoin could be poised to reclaim higher levels and potentially ignite a broader trend reversal. With bullish energy building, all eyes are now on DOGE to see if it can capitalize on this momentum and deliver on the promising setup. Dogecoin Bullish Path Ahead: Target Zones After The Breakout According to the crypto expert, the key price levels to watch for DOGE in the near-to-mid term are $0.3757, $0.4884, and $0.6160. These targets have been identified based on the breakout from the falling wedge pattern and alignment with historical resistance zones that could come into play as the rally progresses. Each of these levels represents a potential milestone where momentum may pause, consolidate, or even reverse, depending on overall market sentiment and trading volume. Related Reading: Dogecoin Eyes $1.80 In Summer Rally As Analyst Flags Breakout Structure The breakout’s confirmation suggests that Dogecoin has re-entered a bullish phase, and if buying pressure continues, these price levels could serve as realistic upside targets for traders and long-term holders alike. Reaching these zones may attract increased attention from investors looking for profit-taking opportunities, or even fuel additional rallies if broken with strong volume. Featured image from Getty Images, chart from Tradingview.com

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Chainlink Just Retested Key Support Heres Where Price Could Be Headed Next

Chainlink (LINK) is showing renewed promise after a fresh retest of a crucial support level, hinting that the bulls may be gearing up for the next phase of its upward move. The recent bounce off this key support area, previously acting as a barrier, reinforces the idea that the level has now become a strong foundation.  This move reinforces the strength of the support and builds the case for a potential upside run. As LINK stabilizes above this key level, eyes are now on the next resistance zones that could define the near-term direction. With momentum gradually rebuilding, the stage might be set for a breakout that could catch the broader market’s attention. Chainlink Holds Strong: Breaking Down The Critical Support Retest According to Jimmy X in a recent post on X, Chainlink has broken out of a falling wedge pattern on the daily chart, a formation often considered a bullish reversal signal. This technical development is catching attention as it hints at a possible shift in momentum after a period of downward consolidation. Related Reading: Chainlink (LINK) Targets Rebound To $19 But Only If This Key Support Holds Jimmy noted that LINK is currently testing the upper trendline resistance of the wedge, with trading volume steadily increasing, a strong sign that buyers are stepping in with conviction. Rising volume alongside a breakout typically reinforces the validity of the move, suggesting that this isnt just a short-lived spike but possibly the beginning of a more sustained upward trend.  He further emphasizes that a confirmed breakout followed by a successful retest of the previous resistance as support could trigger a parabolic move for Chainlink. This bullish setup, often seen as a launchpad for accelerated rallies, places LINK on track to target multiple upside levels.  Key resistance points include $15.40 and $17.50, which have historically served as barriers during past price surges. Beyond these are the $20.00, $23.80, and $26.50 price levels. With technical indicators aligning and sentiment shifting, a sustained move above the breakout zone may set the stage for an extended rally. Downside Potentials While Chainlinks recent retest of support shows bullish promise, it’s crucial to acknowledge the downside risks in case momentum weakens. If the price fails to maintain its current structure, the first level of support lies around $12.50. This level has previously served as a strong demand area, and a breakdown below it might signal the start of a deeper correction. Related Reading: Support Or Resistance? Chainlink (LINK) Investor Data Suggests Key Price Zones Further down, the $11.10 level becomes the next critical point. This area marks a prior consolidation zone and aligns with the lower trendline of the broader ascending channel, making it a vital structure for bulls to defend. A breach below this could open the door for a retest of the psychological $9.28 level, where the market may once again attempt to establish a firm base. Featured image from YouTube, chart from Tradingview.com

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Why Buying Bitcoin Now Is Better Than Later As BTC Price Consolidates Within Falling Wedge

Bitcoins price correction over the past week has caused mixed emotions among investors, with some indicators pointing to possible further declines. However, according to one analyst, the current phase could represent the last opportunity to buy before the next major rally.  Popular crypto analyst Captain Faibik, posting on social media platform X, believes that Bitcoin is ready for a bullish breakout as it continues to consolidate within a technical pattern that typically precedes upward movement. Falling Wedge Pattern Hints At Incoming Bullish Breakout Technical analysis of the Bitcoin daily candlestick timeframe chart shows that the leading cryptocurrency has been consolidating inside a falling wedge for nearly four months. This falling wedge pattern, known in technical analysis for its bullish implications, began in December 2024 and encompassed the period from its all-time high in January until the intense correction in March. Related Reading: The Cyclicality Of Bitcoin: What The Cyclical Crests Say About A BTC Top After peaking at around $88,500 early last week, Bitcoin spent the entire week on a gradual pullback, reaching a low of $81,300. Interestingly, Captain Faibik interprets this decline as a healthy consolidation rather than a bearish reversal, saying that the correction phase is now nearing its end. He noted that the wedge pattern suggests a breakout is due at the beginning of April and that this breakout could drive the Bitcoin price towards a new all-time high at the end of the month.  The analyst predicted that the Bitcoin price would trade around $109,000 at the end of the month. If realized, this forecast would not only surpass the current all-time high of $108,786 but also affirm that the correction that played out throughout March was building toward a continuation of the broader bull cycle.  Bitcoin has declined over the last two months, with February ending with a 17.5% decline and March ending with a 2.19% decline from its month-open. As such, Bitcoin closing the month around $109,000 will also mark the end of the prolonged correction trend. Whale Accumulation Increases But Retail Investors Are Hesitant The difference in behavior towards Bitcoin between experienced investors and newcomers is becoming more visible. Captain Faibik pointed out that large investors have been actively accumulating Bitcoin over the past few weeks, which typically precedes significant upward price action. This is revealed through an interesting metric from on-chain analytics platform Santiment, which shows that over 30,000 BTC were withdrawn from crypto exchanges last week. Related Reading: Bitcoin Price Drawdown: Technical Expert Gives Reasons On Why He Is No Longer Bullish On BTC And Crypto At the same time, many retail investors are on the sidelines, expecting further dips before making entries. The fact that whales are not waiting for lower prices is a strong vote of confidence in Bitcoin’s near-term trajectory. At the time of writing, Bitcoin is trading around $83,500, up by a modest 1.9% gain in the past 24 hours but still sitting 23.3% below its all-time high set in January. Featured image from Unsplash, chart from Tradingview.com

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Ethereum CLS Shows Price Will Rebound Above $2,600, Heres Why

The Ethereum price is showing signs of a possible trend reversal as technical indicators like the Continuous Linked Settlement (CLS) suggest a breakout may be on the horizon. The crypto expert who shared this analysis has predicted that Ethereum is set to rebound to $2,600 in this bull cycle.  Ethereum CLS Sparks Potential Price Rally David Perk, a TradingView crypto analyst recently published a detailed technical analysis of the Ethereum price. The analyst forecasts that ETH could soon reach $2,600 and beyond in the coming months.  Related Reading: Crypto Pundit Says Ethereum Price Is Destined To Reach $10,000 This Cycle, Heres Why Perk based his predictions on Ethereums daily and monthly CLS. According to his analysis, if Ethereums price action can respect its daily CLS and liquidity zone, it could gradually move upward, targeting its monthly CLS of $2,055 before skyrocketing above $2,600.  His analysis report described in detail what CLS means and how it can affect a cryptocurrencys trajectory. Perk disclosed that CLS represents smart money across all markets. It is the global settlement system used by major financial institutions, including Foreign Exchange (FOREX) markets.  The crypto analyst suggested that CLS processes a massive volume of capital from large investment and central banks, boasting a daily volume of more than $6.5 trillion. In the case of Ethereum, since CLS follows a structured settlement process, traders who track these cycles can potentially anticipate significant price changes and liquidity shifts. Moreover, by knowing when large institutional money is entering or exiting the market, analysts can predict ideal entry and exit points for a cryptocurrency.  Perks Ethereum price chart shows an area marked in green, which represents the cryptocurrencys liquidity zone. Additionally, the daily and monthly CLS can be seen, with the former acting as a support area and the latter as a resistance or target for future price movements.  ETH Falling Wedge Breakout Targets $2,800 In other news, crypto analyst Marzell has shared a bullish prediction of the Ethereum price in an X (formerly Twitter) post. Marzell announced that Ethereum has successfully broken out of a Falling Wedge pattern.  Related Reading: Ethereum Price Recovery: Analyst Predicts Blow Off Top To $3,300 In One Week, Heres Why The Falling Wedge is known as a common bullish reversal pattern where a cryptocurrencys price moves within two converging trend lines, forming lower highs and lower lows. Notably, Ethereum has broken out of this wedge, signaling a potential rebound is imminent. The breakout occurred around the $1,991 price point, confirming its bullish momentum. As a result, Marzell predicts that Ethereum could experience a massive rally to $2,821, marking a whopping 41.69% increase from its breakout level. Currently, the price of Ethereum is trading at $2,008, already seeing a rise of 3.7% in the last 24 hours. If a rally to $2,821 occurs, it would represent a surge of approximately 40.5%. Featured image from Unsplash, chart from Tradingview.com

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Bitcoin:  Back Above Support After Strong Weekly Close

The Bitcoin price surged back above support mere hours before yesterday’s weekly close, but more milestones must be achieved to see Bullish Continuation. Covered: Back Above Support The Next Hurdle Potential Paths Forward Back Above Support After Friday’s big move down, things were looking pretty grim for our intrepid hero, Bitcoin.  It had fallen out […]

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Shiba Inu Price Eyes 250% Surge Amid Falling Wedge Breakout

Recent analysis reveals that the Shiba Inu price has formed a Falling Wedge pattern and is on the verge of breaking above it. Technical indicators suggest that SHIB could embark on a massive rally once this breakout occurs, as analysis predicts a price surge of over 250% in the coming months.    Shiba Inu Price Gears Up For 250% Rally  Shiba Inu (SHIB), the second-largest meme cryptocurrency by market capitalization, is showing signs of a potential breakout to the upside. A crypto analyst identified as Rose Premium Signals on X (formerly Twitter) highlighted that SHIB is currently retesting the perfect accumulation zone, representing a crucial support level that historically acts as a launchpad for a price rally. The analyst predicts that Shiba Inu is set for a 250% price surge to new highs.  Related Reading: Shiba Inu Price Gearing Up To Fly After Lows, Heres The Target After experiencing months of decline and volatility, the price formed a unique technical pattern called a Falling Wedge. This pattern is a classic bullish reversal signal that forms when there is a downward trend in a cryptocurrencys price action. Considering that Shiba Inu has recorded multiple price crashes to new lows, the emergence of this pattern breathes optimism into the meme coins future outlook. Rose Premium Signals has shared a price chart, providing a clearer view of this technical pattern. The chart shows that SHIB is nearing the apex of its Falling Wedge pattern and is on the verge of a breakout.  A successful breakout from this bullish pattern could trigger a sharp upward movement, propelling the Shiba Inu price by 250% towards key resistance levels at $0.00002913, $0.00003612, and ultimately $0.00004401. This final price target represents a staggering 251% increase from Shiba Inus current market value.  The analyst has set a timeline for his optimistic prediction, forecasting that Shiba Inu will hit a price peak of $0.00004401 in the next 77 days, around April 29, 2025. On a side note, Rose Premium Signals expects a breakdown in the Shiba Inu price before this projected rally. The analyst predicts that Shiba Inu could decline and hit a final price low of $0.00001299 before it embarks on its surge to $0.00004401. This price crash is expected to occur around March 2025. If this bearish projection holds, it may present a prime buying opportunity for investors aiming to capitalize on the analysts 250% SHIB price rally forecast.  TD Sequential Flashes Buy Signal For SHIB According to data from CoinMarketCap, the SHIB price is currently trading at $0.000015, recording declines of over 3.9% in the last 24 hours and 23.8% over the past month. While the meme coin still faces bearish pressure, crypto analyst Ali Martinez has revealed that Shiba Inus TD Sequential indicator has flashed a buy signal on the weekly chart.  Related Reading: Shiba Inu Price To $0.000045? Here Are The Major Support And Resistances To Watch Out For Due to this technical indicator, the analyst surmised that Shiba Inu is showing signs of a potential rebound to the upside. He shared a chart and predicted that SHIB could advance toward a new target of $0.0000185.  Featured image from iStock, chart from Tradingview.com

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Ethereum Price Forms Falling Wedge Pattern On 1-Day Chart That Suggests 20% Rally Is Coming

Ethereums price action is showing signs of an impending breakout as it moves back and forth within a falling wedge pattern on the daily candlestick time frame chart. According to an analysis first posted on the TradingView platform, this formation is a strong bullish signal that could push the Ethereum price toward $3,800 if history repeats itself.  The falling wedge, which is generally known to be a bullish price action structure, is developing between the 50-day and 200-day moving averages for Ethereum, in line with a similar pattern from that preceded an Ethereum price rally last year. Ethereum Repeating Falling Wedge Pattern Ethereum has largely underperformed this cycle without any clear breakout yet. Furthermore, the cryptocurrency has yet to recover towards its 2021 all-time high unlike many of its other crypto counterparts with large market caps.  Related Reading: Ethereum Price Eyes $4,000 With Rising Channel Pattern Technical analysis of the current Ethereum price action shows that the leading altcoin has been trading in a decline since the beginning of the year. This decline has been characterized by the formation of lower highs and lower lows, which is quite like a falling wedge pattern. Whats very interesting is that this wedge pattern on the Ethereum price chart is developing between the 50-day and 200-day moving averages, which makes it even more peculiar. The TradingView analyst highlighted that the current falling wedge price structure mirrors the March 2024 pattern, which saw Ethereum forming a triple bottom before breaking out and reaching the 0.786 Fibonacci extension level. If the same scenario unfolds, the current falling wedge could serve as a launchpad for a price surge towards a target at the $3,800 level. This represents a potential 20% upside from Ethereums current trading range. Resistance Levels Could Delay the Rally At the time of writing, Ethereum is trading at $3,180, up 1% in the past 24 hours. This marks a steady climb from the lower end of the wedge pattern, bringing the cryptocurrency closer to breaking above the upper trendline around $3,250.  Related Reading: Historical Data Shows What To Expect From Ethereum Price In Q1 2025 Its Very Bullish While the technical setup leans bullish after the predicted breakout, it is important to note that Ethereum faces a significant resistance hurdle between $3,400 and $3,500. Sellers positioned at this resistance zone have acted as a strong barrier in recent months, and they have successfully stalled previous attempts by the bulls to push higher. If Ethereum fails to break through the upper end of this range, another temporary rejection could occur before any sustained move toward $3,800. If Ethereum successfully clears the $3,500 resistance, it could pave the way for a more extended bullish trend, with $3,800 as the next logical target. Notably, this $3,800 target reflects a tempered outlook on Ethereum compared to past market expectations, a sentiment shaped by its recent price action. However, if strong bullish momentum builds toward $3,800, it could trigger an even larger push toward the $4,000 mark. Featured image from Unsplash, chart from Tradingview.com

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