Latest news with #TheCryptoBasic
Yahoo
01-06-2025
- Business
- Yahoo
Solana Holds Near $154 After Losing Support as Tariff Fears Rattle Markets
Solana (SOL) remains under pressure as macroeconomic headwinds—particularly renewed tariff concerns — rattle investor confidence. The token is now hovering around $154.50 after establishing a tight trading range between $152.33 and $158.06, reflecting a 3.76% swing in the past 24 hours, according to CoinDesk Research's technical analysis data model. Although higher lows had previously suggested resilience, SOL slipped from $156.74 to $154.86 in a single hour, breaking beneath its mid-April uptrend channel. Derivatives data reflects bearish sentiment: open interest in SOL futures is down 2.47% to $7.19 billion, while long liquidations surged to $30.97 million, indicating pressure on leveraged positions. Short liquidations remain minimal, reinforcing the downside bias. Still, institutional interest remains evident. Circle's recent $250 million USDC mint on Solana has added liquidity and cemented the chain's stablecoin leadership, with 34% of all stablecoin volume now routed through the network. Additionally, SOL Strategies' $1 billion validator fund signals sustained long-term confidence in the protocol's scalability, even as short-term price action falters. Technical Analysis Highlights SOL established a 5.73-point range ($152.33–$158.06), indicating a 3.76% intraday swing. Earlier price action traced a clear ascending channel with solid support near $152.80, supported by heavy hit a session high of $158.06 during the 19:00 hour on strong volume, signaling earlier bullish momentum. A reversal unfolded in the early morning hours, with SOL falling from $156.74 to $154.86 on increased pressure peaked between 01:53–01:54, with over 74,000 units traded in a sharp burst. Short-term momentum turned bearish as lower highs and weaker volume defined the final trading of writing, SOL is consolidating near $154.50, suggesting price stability but with downside risk if volume doesn't improve. External References "Solana Drops to $163 Amid Bearish Pattern: Is $150 Next?", The Crypto Basic, May 30, 2025. "Solana Flashes Buy Signal – $159 Support Key For Rebound", NewsBTC, published May 31, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-05-2025
- Business
- Yahoo
Shiba Inu Struggles for Direction as Billions of SHIB Tokens Hit Exchanges
From May 29 to May 30, 2025, SHIB experienced marked volatility with prices varying between $0.000013252 and $0.000014508, according to CoinDesk Research's technical analysis data model. A critical support level emerged around $0.000013285, where buying pressure was noticeable, triggering upward reversals. In contrast, resistance near $0.000014500 indicated waning upward momentum. As SHIB's price stabilized around $0.000013390 towards May 30's end, a decline in trading volume suggested investor caution. Macroeconomic factors, such as heightened geopolitical tensions and shifting trade policies, contributed to the increased volatility observed in the cryptocurrency market, including SHIB. Furthermore, the microeconomic backdrop featured an influx of over 2 trillion SHIB tokens into exchanges, which paired with a descending triangle pattern, indicated possible bearish movements. These market dynamics pushed SHIB's price to remain fairly constrained, despite broader market gains. Technical Analysis Highlights SHIB saw volatility with price oscillating between $0.000013252 and $0.000014508, marking an 8% range. Strong price support was detected around $0.000013285, sparking upward reversals. Resistance was noted near $0.000014500, where the price momentum weakened. Final hour prices stabilized at approximately $0.000013390, with reduced trading activity. External References "Shiba Inu Price Prediction: Is a SHIB Collapse Coming? 2 Trillion Tokens Flood Exchanges", Crypton ews, published May 28, 2025. "Shiba Inu Targets $0.000017 Amid Triangle Breakout Hopes", The Crypto Basic, published May 29, 2025. "Shiba Inu (SHIB) Price to Pump by 17%? Top Analyst Spots Breakout Signal", CoinPedia, published May 29, 2025. "Analyst Identifies Key Trading Setup for Shiba Inu in Current Price Range", Coin Edition, published May 30, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
29-05-2025
- Business
- Yahoo
BNB Breaks $687 Resistance as Investors Seek Crypto Hedge Amid Global Tensions
Recent escalations in global trade disputes have created a complex backdrop for cryptocurrency markets, with BNB demonstrating notable strength despite economic headwinds. The token's upward momentum comes as investors seek alternative assets amid traditional market volatility caused by ongoing geopolitical tensions. While central banks worldwide adjust monetary policies to combat inflation, digital assets like BNB are increasingly viewed as potential hedges against economic uncertainty. Technical Analysis Highlights Price action formed a clear uptrend, breaking through key resistance at $687.50 with above-average volume during the 00:00 hour push to $691.06, establishing new support at the $688.70 level. Most significant price movement occurred between 23:00-00:00 when BNB surged on 45,675 units of volume (well above the 24-hour average), confirming strong buyer conviction. In the last hour, BNB experienced a notable price correction, retreating from its earlier peak of $690.11 at 01:21 to $688.87 by 02:06, representing a 0.18% decline. Increased volatility between 01:50-01:53 when it briefly rallied to $689.85 before encountering resistance, followed by a sharper downward movement at 01:57. Price dropped from $689.53 to $689.13 on significantly higher volume (926.88 units), suggesting profit-taking after the earlier uptrend. External References "BNB Price Analysis and Short-term Forecast", CoinPedia, published May 27, 2025. "Binance Coin (BNB) Nears $700 Resistance: Is $750 Next?", The Crypto Basic, published May 28, 2025. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
27-05-2025
- Business
- Yahoo
Dogecoin Rebounds 5.5% as Whale Accumulation Fuels Bullish Momentum
The cryptocurrency market is navigating choppy waters as geopolitical tensions and trade disputes create headwinds for digital assets. Despite broader market uncertainty, Dogecoin has demonstrated remarkable resilience, recovering from a significant dip to $0.220 and establishing strong support at the $0.222 level with nearly double the average 24-hour trading volume. This price action has formed a clear higher low pattern, suggesting bullish momentum is building despite macroeconomic challenges. Technical Analysis Highlights DOGE recovered from a significant dip to 0.220 at 01:00 on May 27th to reach a high of 0.232 by 13:00, representing a range of 0.012 (5.45%). Price action formed a clear higher low pattern after the volume spike at 01:00, establishing strong support at the 0.222 level with nearly 393M in volume—almost double the 24-hour average. Subsequent hours showed consistent buying pressure with price maintaining above the 0.227 resistance level since 07:00. The 13:00 candle demonstrated exceptional strength with 558M volume, suggesting institutional accumulation and potential for continued upward momentum. In the last hour, DOGE continued its bullish momentum with a significant price surge from 0.228 to 0.232, peaking at 13:19 with a high of 0.232175. Notable volume spikes occurred at 13:08-13:10 (75M combined) and 13:13 (21M), indicating strong institutional interest. A minor pullback began at 13:33, with price retracing to 0.228 support level by 13:51, before recovering to 0.229 by session close. This consolidation above the 0.228 support level suggests the uptrend remains intact despite profit-taking, with the 0.232 resistance now established as the next key level to watch. External References "Breakout Above This Pattern Could Send Dogecoin to $3, Analyst Says", The Crypto Basic, published May 26, 2025. "Dogecoin is About to Explode 225% – Chart Signals a Major Move Incoming", Cryptonews, published May 27, 2025. "Dogecoin Breakout Incoming? $3 Target On The Horizon—Analyst", NewsBTC, published May 27, 2025.
Yahoo
24-05-2025
- Business
- Yahoo
Dogecoin Slides Below $0.23 but Finds Support as Buyer Demand Rebuilds
Global economic uncertainties and trade policy shifts are creating ripple effects across cryptocurrency markets, with Dogecoin showing resilience despite recent downward pressure. The meme coin has formed a clear bearish channel with resistance at $0.236, though strong buying emerged at support levels, indicating investor confidence remains despite broader market concerns. Technical Analysis Highlights DOGE experienced a significant downtrend over the 24-hour period, falling from 0.238 to 0.227, representing a range of 0.015 (6.3%). The price action formed a clear bearish channel with resistance at 0.236 and support emerging around 0.224. High-volume buying occurred during the 23:00 hour with 643M in volume—significantly above the 24-hour average. After reaching the cycle low, DOGE has established a consolidation pattern between 0.227-0.230, with decreasing volatility. In the last hour, DOGE exhibited significant volatility with a clear downward bias, falling from 0.229 to 0.227 (0.87% decline). The price action formed a series of lower highs and lower lows, with notable selling pressure at 13:35 and 13:56. A temporary support level formed at 0.227 with buyers stepping in at 14:01, generating the hour's highest volume of 4.5M. External References "Dogecoin (DOGE) Heats Up: Upside Move Hints at Major Breakout Ahead", NewsBTC, published May 23, 2025. "Dogecoin Targets $0.50 as Open Interest Crosses $3 Billion", The Crypto Basic, published May 23, 2025. "Dogecoin Price Breaks Out Of Bearish Trendline And Enters Ascending Channel Headed For $0.3", NewsBTC, published May 24, 2025.
