Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Pi Network (PI) Faces Price Volatility and Weakening Momentum Ahead of Open Network Launch
As anticipation builds for Pi Network’s Open Network launch on February 20, the PI IOU price remains volatile amid significant market indicators. New analytical trends suggest that while buyers hold an edge, overarching bearish pressures are increasing. According to a recent analysis from COINOTAG, “Market conditions remain tense, and traders should brace for potential volatility ahead of the launch.” Pi Network’s upcoming launch draws attention as its IOU price shows volatility. Key market indicators suggest a cautious outlook for investors. Analyzing PI IOU Price Volatility Ahead of Launch The lead-up to Pi Network’s Open Network is being closely monitored by investors, as its IOU price has displayed notable fluctuations. With the launch date set for February 20, traders remain on high alert regarding price behavior. Recent charts reveal a significant increase in search interest for PI, reflecting growing public engagement and speculation surrounding the asset’s future valuation. This buzz, however, comes with mounting volatility marked by essential technical analyses. Key DMI Indicators Reflect Weakening Trend According to the latest data, Pi Network’s DMI (Directional Movement Index) has taken a hit, with its ADX (Average Directional Index) dropping from 55.8 to 45.2. This statistic indicates a reduction in trend strength, typically suggesting that an established trend could be losing its potency. Furthermore, the bullish +DI (Positive Directional Indicator) saw a notable decline to 23.6, while the -DI (Negative Directional Indicator) increased to 16.5. This shift signifies a potential shift in control, pointing to an uptick in selling pressure. Traders must watch these indicators closely as any further decline could precede notable corrections. RSI Movement Suggests Complex Market Sentiment The recent performance of the Relative Strength Index (RSI) for PI has seen fluctuations from a high of 86.2 down to 40.5. This shift is essential, as an RSI level above 70 typically signals overbought conditions, which indicates that a market correction could be on the horizon. Currently, with the RSI positioned at 40.5, PI’s momentum is showing signs of weakness; this places the asset squarely in a territory where selling interest could prevail. Some exchanges, including Binance, are evaluating the asset’s market introduction via community votes, which could create additional volatility and broad market sentiment shifts. Forecasting the Future of PI IOU Price As the impending launch nears, the price of PI IOU remains in a precarious balance. The exponential moving average (EMA) lines have stayed bullish, yet the short-term lines are rapidly losing ground against long-term ones. After a significant decline of over 8% within the past 24 hours, traders must prepare for the possibility of a death cross — a bearish indicator that often precedes further losses. If this bearish trend persists, potential support is observed at the $53.3 mark. A failure to maintain this support level could drive prices down to as low as $33.6, which could instigate further market distress. Alternatively, should a rebound occur, the target resistance level hovers around $100, suggesting a significant potential upside of approximately 38% from current prices. This prediction consolidates insights shared by industry analysts from COINOTAG about the possible valuation direction following PIs official market launch. Conclusion The upcoming launch of Pi Network has generated considerable enthusiasm among traders, yet caution remains paramount. As the PI IOU price fluctuates amid critical volatility and shifts in both bullish and bearish indicators, understanding technical metrics will be crucial for investors. Future price actions are highly contingent on market sentiment and prevailing trends, establishing a complicated landscape for potential buyers and sellers alike. In Case You Missed It: Bitcoin Hits Lowest Price in Weeks Amid Solana's Significant Decline Amid LIBRA Controversy
Bitcoin Whales Are Turning Their Attention to this Promising Altcoin Presale
The cryptocurrency market has always attracted new, interesting financial ideas, speculations, and important investment opportunities. Although Bitcoin (BTC) is still dominant, more and more high net worth individuals or whales are now fixated on emerging altcoins that are expected to have high potentials. Over time, there is a certain altcoin presale that attracted the attention of these BTC whales: FXGuys ($FXG). FXGuys has become one of the trending altcoins in the market. This project has a distinctive staking process and makes itself a mission to reward traders around the world and get the attention of the crypto sector. But what sets FXGuys apart from any other similar company? And why would institutional investors think that this presale is highly lucrative? Let’s take a closer look at what’s driving the whales interest in FXGuys. >>>JOIN FXGUYS HERE<<< Bitcoin (BTC): Data Reveals Whales Movement Data from Santiment reveals that whale activity was quite high during the preceding week, as more than 60,000 BTC were transferred. This change in the market comprises large value transactions, the transactions being in the region of 1000-10000 Bitcoins per transaction. Whales appear to engage in accumulation or distribution behavior as their trading volumes are high under conditions of price fluctuations. The price of Bitcoin is expected to rise due to a reduction of circulating supply whenever whales carry out accumulation-driven transactions. Selling actions from the whales cause a rise in the Bitcoin price while buying from the whales result in a drop in price in the short-run. When it comes to market analysts, they pay a lot of attention to these whale transactions since they are indicative of significant market changes. FXGuys($FXG): Having Amazing Presale Progress FXGuys’ pre-sale has already made enough waves in the market. So far, the presale of this crypto trading platform has attracted a large number of people who are interested in passive earnings. Currently, based on the evaluations, this crypto trading platform is in stage three and the token can be purchased at $0.05. The project roadmap has been impressive as well as the tokenomics, that is why it is the best crypto to buy. The presale of this crypto trading platform has attracted more than $4 million and this crypto is to be released on the major exchanges at the value of $0.10. With this, anyone who has invested in it at this stage has the ability of realizing 10 times the amount of investment. Among the aspects of the operation of FXGuys that make this cryptocurrency the best crypto to buy is a lack of taxes when buying or selling. However, it does not have any KYC standards and that means users can trade as soon as they register on the platform. It also provides necessary access to various market platforms and recently integrated a Beta platform on its prop trading website. >>>JOIN FXGUYS HERE<<< Conclusion As a decentralized brokerage, FXGuys has developed unique platforms that are capable of catching the eyes of both Bitcoin whales and small investors. As the presale phase carries on, anyone seeking to invest in the early stages might discover that FXGuys is one of the most trending altcoins of the year. Thus, to invest – go to the website platform and buy the required number of tokens you are interested in. To find out more about FXGuys follow the links below: Presale | Website | Whitepaper | Socials | Audit Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses.
Trump Token Airdrop — What It Means for Future Price Trends
TRUMP meme coin offers airdrop to merchandise buyers, boosting crypto community growth. Despite recent volatility, the TRUMP token price increased by 3.71% in the last 24 hours. Mixed technical indicators suggest a potential for a price rise if market conditions improve. The TRUMP meme coin project, tied to U.S. President Donald Trump, has announced an airdrop to reward buyers of official Trump merchandise. Launched as a President’s Day promotion, the airdrop recognizes loyal supporters and is to expand the TRUMP crypto community. Those who purchased qualified merchandise before February 15, 2025, can claim TRUMP tokens until March 1, 2025. The airdrop will offer three TRUMP tokens to individuals who made qualifying purchases at specified Trump stores, including Trump-branded sneakers, watches, fragrances, and Trump cards. Claiming tokens requires email verification, though. The giveaway benefits supporters of the merchandise line and expands the TRUMP token community. Additionally, the airdrop launch coincided with the one-month debut of the TRUMP token, which has fluctuated in value since launch. Related: Analysts’ Take on TRUMP Token’s Wild Ride: From $75 to $30 Price Movement and Market Sentiment After an early surge, the TRUMP token reached an all-time high before sliding in price. The decline resulted from waning excitement and economic pressures like tariffs affecting its value. The token hit a new all-time low earlier this month, showing its volatile market performance. Despite these challenges, the TRUMP coin saw a 3.71% increase in price over the past 24 hours, now trading at $17.16 , although the trading volume has decreased by over 20%. Analyzing Technical Indicators Technical indicators reveal mixed signals for the TRUMP token. The MACD now points to a bearish trend, with the MACD line below the signal line and a negative histogram. This indicates short-term downward momentum. Source: TradingView Related: TRUMP Price Prediction: Will February Upbit Listing Lift $TRUMP Even Higher? Meanwhile, the RSI stands at 47.03, just below the neutral 50 mark, signaling a balanced market. An increase in the RSI above 50, combined with a shift in the MACD, may signal upward movement, possibly toward $20. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
State Street, Citi Prepare for Crypto Custody as Institutional Appetite Grows
Key Takeaways Citi and State Street, two of the world’s largest custodian banks, are entering the crypto custody business. State Street is the second-largest custodian globally, while Citi ranks fourth. The move follows the repeal of SAB 121, a rule that had restricted banks from offering crypto custody services. The race to dominate crypto custody is heating up on Wall Street, with financial giants rushing to offer services that were once off-limits. The latest to make their move are State Street and Citi, two of the world’s largest custodian banks. State Street, which manages $46.6 trillion in assets, and Citi, with $25 trillion under custody, have both announced plans to establish crypto custody businesses. Their entry marks a significant shift in the industry, following years of regulatory roadblocks that kept major financial institutions on the sidelines. You May Also Like Business Wall Street Rethinks Trump 2.0’s Impact as Crypto and Stock Bull Runs Face Further Delays Business Wall Street Confident Gold Will Continue 2024 Rally Crypto BitGo Joins Wall Street’s Crypto Movement – More Firms Expected to Follow Citi and State Street’s Crypto Custody Plans According to a report by The Information, State Street aims to launch its crypto custody services by 2026. The firm has dabbled in digital assets before , launching a dedicated digital assets division in 2021 and briefly partnering with U.K.-based Copper for custody technology. However, regulatory uncertainty forced the firm to shelve its plans in 2023. Citi , meanwhile, has been testing the waters with blockchain-based initiatives. The bank previously partnered with Singaporean startup BondbloX for tokenized bond custody and explored digital asset custody with Metaco, a firm later acquired by Ripple. Citi’s crypto strategy has remained relatively quiet compared to its peers, but its latest push suggests a renewed focus on the sector. SAB 121 Repeal Clears the Path for Banks Wall Street’s crypto pivot can largely be attributed to the recent repeal of SAB 121 , an SEC rule that restricted banks from providing crypto custody services. Introduced in 2022, SAB 121 effectively locked out traditional banks from the crypto custody business, favoring select firms like BNY Mellon , which became the first major bank to receive an exception. Critics argued the rule stifled innovation and gave regulators undue control over the market. However, with the Trump administration rolling back SAB 121, banks are now free to engage in crypto custody, opening the door for giants like Citi and State Street to establish a presence in the sector. A Pro-Crypto Shift on Wall Street For years, banks approached crypto with caution, wary of regulatory scrutiny and reputational risks. But the lifting of restrictions, coupled with growing institutional demand for secure digital asset custody, has shifted the narrative. With a pro-crypto president in office and regulatory barriers falling, Wall Street’s biggest players are no longer sitting on the sidelines—they’re moving in.
MOVE surpasses ETH to become the fifth largest token by market capitalization in Trump family's crypto project WLFI
According to Arkham monitoring data reported by Odaily Planet Daily, MOVE has surpassed Ethereum to become the fifth largest token in terms of market capitalization held by the Trump family's crypto project WLFI. The top five holdings of WLFI are currently: 1、USDC: 13.911 million tokens, equivalent to about 13.91 million USD 2、STETH: 4966 tokens, equivalent to about 13.37 million USD; 3、TRX: 40.718 million tokens, equivalent to about 9.75 million USD; 4、AETHUSDC: 5.003 million tokens, equivalent to about 5 million USD; 5、MOVE: 4.161 million tokens, equivalent to about 2.18 million USD.
XRP’s Bullish Breakout: Adam and Eve Pattern Sets the Stage
The Adam and Eve trend signals a breakout for XRP, resulting in it hitting above $2.83. A breakout past the $2.83 resistance level could lead to a sharp price hike for XRP. Traders should accurately watch out for volume confirmation to validate the bullish move. The chart below shows a breakout setup for XRP, forming a classic Adam and Eve pattern, which is often seen as a sign of a potential price surge. According to analyst STEPH IS CRYPTO, the Eve phase is crucial as it signals a potential breakout following a period of consolidation. Source: X XRP Price Movement Analysis XRP’s latest price action forms an Adam and Eve pattern, a bullish technical setup that could signal an imminent breakout. Currently, XRP is testing the resistance level around $2.83 after recently bouncing back from the bottom. The pattern appears primed for a breakout. The upward movement in the price suggests a bullish shift, supported by the structure of the Adam and Eve pattern, a well-known reversal pattern in technical analysis. The breakout point is near, and XRP’s future looks promising, with a solid base forming below and price action confirming the pattern’s validity. Pattern Breakdown The reversal pattern consists of two distinct bottoms, with the first (Adam) forming a sharper decline in a ‘V’ shape and the second (Eve) being more rounded. In this case, XRP’s movement aligns with these characteristics, beginning with a bearish trend followed by a sharp drop forming Adam’s bottom before rebounding, only to face renewed selling pressure that forms Eve’s bottom. The final phase of Eve forms a rounded curve, indicating a potential breakout above the resistance zone. This resistance, currently set at $2.83, serves as the key level to watch for a potential breakout. If XRP manages to push past this point, the pattern suggests that the next move could be substantial, triggering further buying momentum. Breakout and Price Target XRP has already established a clear neckline at $2.83, a level where the price has repeatedly tested resistance. With the price action adhering to the expected movement of the Adam and Eve pattern, there is a strong likelihood of a bullish breakout soon. If XRP breaks the $2.83 resistance, historical patterns suggest an upward move toward the $3.50–$4.00 range. This aligns with the anticipated upward trend outlined in the chart. Related: Analyst Predicts XRP Surge to $27 Using Fibonacci Levels The Implication of This Setup The Adam and Eve pattern is often a call to action. A breakout from this range would mark the end of the bearish phase and the beginning of a bullish trend. The token’s potential to surpass the $2.83 level is high based on the market action and pattern characteristics. Based on market action and pattern characteristics, XRP has a high potential to surpass the $2.83 level. Investors looking to capitalize on this setup might consider entering positions around the rally point, with stop-loss orders placed slightly below the neckline to manage risk. The post XRP’s Bullish Breakout: Adam and Eve Pattern Sets the Stage appeared first on Cryptotale.
Police detain man for promoting token on Hollywood sign
Police officers attached to the Los Angeles Police Department (LAPD) have detained an unidentified man who stood on top of the Hollywood sign on Saturday afternoon. In a statement after the arrest, the police confirmed that the man was advertising a crypto token. According to the statement, the Los Angeles Police Department said that it received a distress call around 2:45 PM on Saturday, reporting the sighting of a person on a historical landmark in the city. The person, who was yet to be identified at the time, was waving a flag to advertise a cryptocurrency called the Vigilante Token. In the statement, the LAPD mentioned that the white flag had all the details of attributes related to the token the individual was promoting. The flag had the website address, X handle, and a logo accompanied by a huge “Vigilante” printed in several places on the flag. The advertiser, who chose the strategic location, was covered from head to toe in dark clothing, wearing a dark and light camo vest, and a ski mask to shield his identity. Police apprehend man for promoting token on Hollywood sign The project announced to its followers on X on Friday that it was going to launch the token in the most viral way ever. Tokens launch in viral manners to help them start off with momentum. “On Feb 15th, 2025, we’re launching our Vigilante Token in the most viral way you’ve ever seen,” the project said. See also Indian authorities seize $189M in Bitconnect investment scam While its followers were not aware of what the promoter’s intentions were, it urged them to continue on the journey. “We’re fully committed to HODLing our tokens and pushing for billions in market cap. The journey doesn’t stop after launch — we’ll be rolling out bigger-than-ever promo events to keep the momentum strong and amplify the Vigilante Movement,” Vigilante added. The project’s followers began to have an idea of what the project meant with its post on Friday in the “most viral way,” after it posted a picture of the Hollywood sign on Saturday with the caption , “Currently…” The LA Police Department mentioned that park rangers reached out to the person and attempted to make him come down to no avail. They had to call an ambulance to be on standby in case of an injury, but officers got to the scene before 4 PM and took the individual into custody. Vigilante drops following marketing stunt While the unidentified man is still in custody and remains to be charged, his stunt seemed to have worked the desired miracle and the token’s price saw a burst of life, surging by 63,140%, with its market cap climbing to a peak of $5.5 million. The stunt managed to attract the coverage that the promoter wanted, with several local media companies covering the event. See also USDC trading peaks on Binance over demand for regulated stablecoins Meanwhile, the token did not sustain its rise for a long time, dropping about 99.5% in the last 24 hours to trade at $0.00001136. While it looks like the viral promotional gimmick has faded out and the token has been left to find its way into the market, the developers, through its official handle, have teased a bigger marketing stunt, noting that it will be 10 times bigger than the previous ones. Meanwhile, Vigilante is now looking at the likelihood of locking the supply of the token, according to a poll on X. The stunt shows what most projects are willing to do to stand out in the crypto market after they create a new token. While some are deemed acceptable, others are regarded as going overboard. For instance, the Solana-based memecoin issuing website, Pump.fun , disabled its live stream feature when token creators started to use life-threatening promotional methods to force people to buy their tokens. Cryptopolitan Academy: Are You Making These Web3 Resume Mistakes? - Find Out Here
Can Ethereum Reach Back To $3,000 By the End of February?
Ethereum (ETH) price has remained in a consolidation phase, trading below $3,000 since February 2. Over the past weeks, indicators like RSI, DMI, and EMA suggest that ETH lacks strong momentum, with neither buyers nor sellers taking full control. The narrowing gap between its EMA lines hints at a potential shift, but ETH must overcome key resistance levels to regain bullish momentum. Meanwhile, if support levels fail to hold, a deeper correction toward $2,160 could be on the table. Ethereum RSI Has Been Neutral For Two Weeks Ethereum Relative Strength Index (RSI) is currently at 54.2, staying neutral since February 3. RSI measures price momentum, with values between 30 and 70 indicating a balanced market. Ethereum has remained within this range, suggesting neither buyers nor sellers have taken control. This means ETH has yet to enter an overbought zone above 70 or an oversold zone below 30. ETH RSI. Source: TradingView. RSI ranges from 0 to 100, with key levels at 30 and 70. A reading above 70 signals overbought conditions, while below 30 suggests oversold levels. At 54.2, ETH is in neutral territory, meaning price action lacks strong momentum. For ETH price to reach $3,000, the RSI would likely need to move toward 60 or higher, indicating increased buying pressure. A push above 70 could signal strong bullish momentum, helping ETH break key resistance levels. ETH DMI Shows the Lack of a Clear Direction Ethereum Directional Movement Index (DMI) shows its Average Directional Index (ADX) at 11.8, steadily declining since February 12, when it was at 32.8. ADX measures trend strength, with values above 25 indicating a strong trend and below 20 suggesting a weak or no trend. The steady decline signals fading momentum, meaning ETH lacks a clear directional push. ETH DMI. Source: TradingView. ADX is part of the DMI, which also includes the +DI (positive directional indicator) and -DI (negative directional indicator). +DI is at 19.3, down from 25.2 two days ago, while -DI is at 17.2, down from 18.8. This suggests both bullish and bearish pressures are weakening. For ETH to regain $3,000, ADX would need to rise above 20, signaling stronger trend momentum, while +DI would have to climb above -DI with a wider gap, indicating renewed bullish strength. ETH Price Prediction: Will Ethereum Return To $3,000 In February? Ethereum price has been trading between $2,800 and $2,550 since February 7. Its EMA lines still show a bearish outlook, as short-term lines remain below long-term ones. However, the gap between them is narrowing, suggesting a potential shift in momentum. For ETH to reach $3,000 in February, it must first break the $2,800 resistance and then sustain a move above $3,020. If momentum strengthens, ETH could even test $3,442, a level last seen in late January. ETH Price Analysis. Source: TradingView. On the downside, if Ethereum retests the $2,551 support and fails to hold, further declines could follow. Losing this key level may open the door for a drop toward $2,160, a significantly lower support.
Solana (SOL) Price Eyes a Rebound as Whale Accumulation and Golden Cross Align
Solana (SOL) price is attempting to recover the $200 level after recently dipping below $190. This rebound comes as its market cap nears $97 billion, reflecting renewed investor interest. Technical indicators suggest that SOL could gain further momentum if a golden cross forms, potentially pushing the price toward $209 and beyond. However, if buying pressure weakens, SOL could face another pullback, with key support levels at $187 and $175.8. Solana Whales Are Attempting to Recover The number of SOL whales – wallets holding at least 10,000 SOL – has seen a significant decline in recent days, dropping from 5,131 on February 4 to 5,053 on February 11. This follows an all-time high of 5,167 on January 25, after which whale holdings began decreasing. Such a decline suggests that some large holders were offloading their positions, potentially creating selling pressure on SOL price. SOL Whale Addresses. Source: Glassnode. Tracking whale activity is crucial as these large holders play a key role in market movements. After hitting 5,053, the number of whales has started rising again, currently at 5,090. This slow recovery could indicate renewed confidence among big investors, but the overall trend remains uncertain. If whale accumulation continues, it could support Solana price, while stagnation or another decline may signal further weakness. Solana DMI Shows the Buyers Are Trying to Take Control Solana Directional Movement Index (DMI) chart shows its Average Directional Index (ADX) at 18.7, down from 22.2 yesterday. A declining ADX suggests weakening trend strength, indicating that the previous downtrend may be losing momentum. Meanwhile, the +DI has risen from 11.3 to 19, while the -DI has dropped from 26.4 to 19, signaling a shift in buying and selling pressure. SOL DMI. Source: TradingView. The ADX measures trend strength on a scale from 0 to 100, with values above 25 indicating a strong trend and values below 20 suggesting weak or indecisive movement. With ADX declining and +DI rising while -DI falls, Solana appears to be attempting a trend reversal. If buying pressure continues to increase, SOL could establish a new uptrend, but if ADX remains low, the market may stay in consolidation before a clearer direction emerges. SOL Price Prediction: Can Solana Sustain Levels Above $200? Solana price is attempting to reclaim the $200 threshold after recently dipping below $190. One of its short-term moving averages is close to crossing above another, which could lead to a golden cross. If this bullish signal materializes, SOL could rise to test $209, and a breakout above that level may push it toward $219.9. If momentum from the previous month returns, SOL price could even rally to $244, marking its highest level since late January. SOL Price Analysis. Source: TradingView. However, if SOL fails to establish an uptrend, it could face renewed selling pressure. A drop to the $187 support level is possible, and if that fails to hold, SOL could decline further to $175.8.
APT Price Eyes Recovery as TD Sequential Buy Signal Sparks Optimism
The TD Sequential buy signal suggests Aptos (APT) may be poised for a potential trend reversal after an extended downtrend. APT’s MACD histogram is shrinking, signaling weakening bearish momentum, while the RSI is rising from oversold conditions, hinting at recovery. APT’s price movement depends on holding the $5–$5.50 support zone and breaking past $7 resistance for a possible push toward $9–$10. Aptos (APT) is displaying early signs of a potential recovery following a prolonged downtrend. The TD Sequential indicator has flashed a buy signal on the weekly chart, suggesting a possible shift in momentum. With key support and resistance levels in focus, traders are monitoring APT’s next move. TD Sequential Buy Signal and Market Structure Crypto analyst Ali (ali_charts) on X pointed out the TD Sequential buy signal, which historically signals trend reversals or relief rallies. The chart shows an extended downtrend, with multiple bearish candles forming lower highs and lower lows. A recent drop was followed by a small recovery, marked by a white candle attempting to regain ground. #Aptos $APT is showing signs of a potential rebound as the TD Sequential indicator flashes a buy signal on the weekly chart. pic.twitter.com/0qoXHwTNin — Ali (@ali_charts) February 13, 2025 The appearance of a red “9” above the latest candlestick indicates a possible reversal. This pattern often precedes a change in trend after nine consecutive bearish candles. The price has rebounded from a support zone around $5.50–$5.70, an area where buying interest previously emerged. However, APT must break through resistance between $7.40 and $8.00 to confirm sustained upward momentum. Technical Indicators Signal Possible Shift Momentum indicators also shed more light on APT’s trend at present. The MACD line of -0.6779 is below that of the signal line of -0.7551, affirming a bear trend. Nevertheless, a decreasing MACD histogram indicates a diminishing selling force that is likely to produce a bullish crossover. Source: TradingView The RSI is at 37.13, indicating that sellers are still in control. However, its uptick from oversold levels is a potential bounceback signal. If RSI breaks above 50, it signals stronger bullish strength. However, failure to cross over this point can result in more selling pressure. Potential Scenarios for APT’s Price Movement If APT remains in a position above the $5–$5.50 support zone and breaks resistance at $7, more gains to $9–$10 would be likely. The outlook would be confirmed by a MACD bullish crossover and a move in RSI over 50. Conversely, if APT fails to sustain the said support, the price would be heading towards $4. The price fall below 50 would be a confirmation of sustained downward pressure. At the time of writing, APT was at $6.12 , with a trading volume of $200.42 million over 24 hours. The price is up 0.29% in the last 24 hours and up 3.69% in a week. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Shiba Inu’s Whale Activity Surge Sparks Speculation on Possible Price Movement Towards $0.00002
Shiba Inu (SHIB) is on the brink of a potential resurgence as whale activity surges, marking a critical moment for this popular memecoin. After a notable recovery in the cryptocurrency market, Shiba Inu’s large transactions have jumped by 92%, highlighting increased interest from significant investors. According to COINOTAG, “This dramatic shift in transaction volume may indicate a bullish trend, projecting SHIB towards the anticipated price point of $0.00002.” Explore why Shiba Inu’s whale activity surge could signal a price increase to $0.00002 amidst a recovering cryptocurrency market. The Impact of Whale Activity on SHIB’s Price Trajectory The recent uptick in Shiba Inu’s whale activity is a crucial factor to consider for investors and traders. With larger transactions exceeding $100,000 netting a volume of $46.03 million, signs suggest that notable investors are preparing either for gains or anticipating further increases in price. Over the last 24 hours alone, the increase in large transactions by 92% may reflect an underlying bullish sentiment among whales, an emerging trend that investors should closely monitor. Analyzing the Market Dynamics Behind SHIB’s Recent Rally Whale movements often correlate strongly with market trends, indicating possible future price fluctuations. As these investors accumulate SHIB, the dynamics shift significantly, influencing retail investor behavior. This accumulation phase could amplify SHIB’s potential price movement if market conditions remain favorable. Furthermore, the general sentiment in the cryptocurrency market has been leaning towards recovery, adding to the speculative atmosphere surrounding SHIB’s future price developments. Key Price Targets and Resistance Levels for Shiba Inu Currently trading at approximately $0.00001678, Shiba Inu must navigate significant resistance to reach the next target of $0.00002. With the overall market showing recovery signs and SHIB’s price rebounding significantly from previous lows, its potential for another rally seems plausible. The recent price action reflects a 48% gain since the last substantial market downturn, revealing a sturdier bullish trend emerging amidst bullish technical indicators. Source: TradingView The Future of SHIB: Ecosystem Developments and Market Sentiment Beyond the current trading metrics, the Shiba Inu ecosystem is evolving with projects like Shibarium, which aims to enhance transaction speeds and reduce costs. Improved infrastructure and ongoing developments within the Shiba Inu ecosystem are likely to attract more attention from investors, further solidifying its market presence. As whale interest elevates alongside these improvements, Shiba Inu could be setting the stage for significant price movements in the near term. Conclusion With whale transactions on the rise and the overall market recovering, Shiba Inu (SHIB) is in a prime position for potential gains. Investors should remain vigilant, as this combination of factors—strong whale activity, market recovery, and innovative ecosystem developments—could pave the way for SHIB to test the critical price level of $0.00002. Observing these trends closely will be key for understanding whether SHIB can garner sustained upward momentum in the coming days. In Case You Missed It: Mubadala Investment Company Acquires $436 Million in Bitcoin ETF Shares, Indicating Potential Global Investment Trends
WIF Rebounds as TD Sequential Signals Potential Trend Reversal
The TD Sequential indicator has flashed a buy signal on WIF’s 12-hour chart, indicating a possible price reversal. Stochastic RSI and MACD indicators show mixed signals, with momentum shifting but not yet confirming a full bullish trend. Traders are monitoring $1.00 and $1.50–$2.00 resistance levels while $0.58 remains a key support for potential downside risk. The cryptocurrency dogwifhat (WIF) is suggesting a price reversal, supported by technical indicators that signal a trend change. Technical Indicators Suggest a possible rebound. Crypto analyst Ali_Charts tweeted that the TD Sequential indicator has signaled a buy signal in WIF’s 12-hour chart. The indicator is generally a price exhaustion signal in a trend downward that can result in a bounceback. WIF has shown a gain in the current session, suggesting that there is buying interest after the price hit a new low of $0.584. #dogwifhat $WIF could soon rebound as the TD Sequential indicator presents a buy signal on the 12-hour chart! pic.twitter.com/4ux8K00Wam — Ali (@ali_charts) February 13, 2025 The Stochastic RSI, a momentum indicator, also signaled a recent upside crossover after lingering in oversold areas. The blue line is at 39.26, while the orange line is at 21.71. Breaking above 50 in the Stochastic RSI would likely lead to more bullish momentum to be established. Failure to move up, however, would lead to more selling pressure. Meanwhile, the MACD indicator is in a bear phase, with the MACD line (-0.236) remaining below the Signal line (-0.249). However, smaller histogram bars signal decreasing bear strength. A MACD to Signal line bullish crossover would be a more powerful indicator of a trend reversal. Source: TradingView Key Resistance and Support Levels to Watch The price of WIF recently rebounded from a low of $0.584 before climbing higher. Market participants are now monitoring several key levels: $1.00: A key resistance point where more selling pressure is likely to arise. $1.50–$2.00: Previous key resistance points that can help to determine the strength of any potential bullish continuation. $0.58: If it falls below this level, more losses towards $0.40–$0.50 would be likely. Potential Scenarios of WIF’s Price Movement A continued buying interest coupled with a move in the Stochastic RSI to overbought would send WIF to the resistance of $1.00. In a bullish MACD crossover, a more forceful breakout over $1.50–$2.00 would be anticipated by investors. On the negative side, if WIF loses momentum and the Stochastic RSI also turns downward, selling pressures can again be felt. In case price breaks below $0.58, losses towards $0.40–$0.50 can be possible. At the time of writing, WIF was trading at $0.6976 , a trading volume of $583,499,871 over a 24-hour period. This is up 18.88% over the last 24 hours and is down 7.16% over the week. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
World Liberty Financial suffers losses, but continues to buy ETH and MOVE
World Liberty Financial, a company linked to Donald Trump's family, continues to invest in cryptocurrencies despite mounting losses. According to Lookonchain, the project acquired 1917 ETH worth about $5 million and 830 MOVE tokens worth about $469. On January 470, World Liberty Financial added 000 ETH (about $29 million) and 3191 million MOVE ($10 million) to its portfolio. Despite aggressive investments in cryptocurrency, World Liberty Financial has already suffered significant losses of $21,78 million. The project lost the most, about $14,9 million, due to the fall in the Ethereum exchange rate. Other cryptocurrencies in World Liberty Financial's portfolio include: Wrapped Bitcoin (WBTC), AAVE and ENA, also had a negative impact on the company's balance sheet. According to Lookonchain, the purchase of 56 ETH at $317 per asset resulted in a loss of more than $3373 million, while investments in 14 WBTC resulted in losses of $647 million. Despite these setbacks, Donald Trump Jr. remains optimistic about the future of World Liberty Financial's crypto strategy. We are all very proud of what we are achieving in the crypto space. Trump is currently the most popular digital meme on Earth, and I truly believe that WorldLibertyFi will revolutionize DeFi /Cefi will be the future of finance. We are just getting started! - he said in January. EN @happycoinnews EN @happycoinnews_en
Trump's World Liberty Finance has purchased millions of dollars worth of MOVE and WBTC in the past 3 hours
PANews reported on February 14th, according to Onchain Lens monitoring, Trump-supported World Liberty Finance has completed multiple on-chain transactions in the past 3 hours: • Spent 1.41 million USDC to purchase 2,527,257 MOVE • Spent 5 million USDC to purchase 52 WBTC • Exchanged 2,221 ETH (worth $5.93 million) for stETH and deposited it into Lido for staking • Sent 5 million USDC to Aave V3 for lending
Musk wields the DOGE "big machete" considering moving the U.S. Treasury to the blockchain, which chain is expected to stand out?
Author: Weilin, PANews On February 13, the U.S. Government Efficiency Department (DOGE) officially launched its website to disclose details and evidence of government cost reductions, marking the latest progress of the department in cutting costs for the U.S. government. As of the afternoon of February 13, according to data from doge-tracker (compiled from DOGE's Twitter), Musk's Government Efficiency Department has saved American taxpayers $37.89 billion, which accounts for only 1.9% of Musk's goal to reduce U.S. government spending by $2 trillion. On February 9, Coinbase CEO called for increased transparency in government spending through blockchain technology. "Great progress, DOGE," Brian Armstrong wrote in a post on the X platform on February 9. "Imagine if every government expenditure could be transparently recorded on the chain; it would make auditing much easier." On February 10, Cathie Wood, founder of asset management firm Ark Invest, also supported Musk's idea of putting all U.S. government spending on the blockchain, commenting, "Transparent, efficient, secure: win-win-win." DOGE is considering using blockchain technology to reduce government costs According to a report by Bloomberg in late January, DOGE is considering using blockchain technology to reduce government costs, with informed sources revealing that internal discussions are underway. If DOGE launches the plan, it could be large-scale and potentially adopted across multiple government departments. Bloomberg cited sources stating that during the discussions, there were mentions of using blockchain to track federal spending, protect data, make payments, and even manage buildings. One insider indicated that individuals associated with DOGE have met with representatives from several public blockchain networks to assess the technology. A person who visited Palm Beach, Florida, last December proposed several blockchain applications to officials from the Trump transition team, focusing on the technology's potential in protecting critical government data and tracking the flow of funds. On February 3, Musk shared his views on putting U.S. Treasury transactions on the blockchain. In a post on the X platform, Musk emphatically responded, "Yes!" The U.S. Government Efficiency Department was officially created by an executive order signed by President Trump on January 20, tasked with modernizing federal technology and software to maximize government efficiency and productivity. Trump stated that the department would work with the Office of Management and Budget to identify spending cuts and provide recommendations by July 4, 2026. Its leader is entrepreneur Musk, who was originally set to co-lead with Vivek Ramaswamy, but Vivek withdrew for personal reasons before the official appointment. DOGE has an office in the Eisenhower Executive Office Building and employs about 20 staff members. An insider revealed that Musk recruited around 100 volunteers to code for his project before Trump's inauguration. Musk is pushing for the use of blockchain technology to force government transparency, but he is not the first to propose this idea. In April 2024, former presidential candidate Robert F. Kennedy Jr. expressed his desire to put the entire federal budget on the blockchain. At a rally in Michigan, the politician told the audience, "Every American can see every item in the entire budget at any time, 24/7. We will have 300 million eyes on our budget. If someone spends $16,000 on a toilet seat, everyone will know." Kennedy's proposal has received widespread support from advocates of small government and sound money, who believe that U.S. government spending has gone out of control. Which blockchain network is likely to be favored? Jean Rausis, co-founder of the decentralized finance platform Smardex, stated that Musk's proposal to move the U.S. Treasury to the blockchain could make the U.S. "the de facto global leader in blockchain innovation." "While it's hard to say which blockchain could handle this task, it's important that it must be permissionless. Otherwise, the promised transparency would just be talk. However, if the U.S. Treasury adopts decentralized infrastructure, it could become a catalyst for the convergence of the Web2 and Web3 worlds." Following Bloomberg's report, Cardano founder Charles Hoskinson immediately stated on X, "I think this task should be a collaboration between Cardano, Bitcoin, and Midnight. Hey, DOGE master Musk, reach out to us, we’ll help for free." On January 26, Dragonfly managing partner Haseeb Qureshi predicted that the U.S. Government Accountability Office (GAO) might launch an AVAX sub-chain in 2025 for reporting public spending, with all expenditures traceable on-chain via stablecoins. Government agencies and contractors' wallets would be publicly disclosed and analyzed by public data detectives daily. Currently, there are use cases on Avalanche; on July 30 last year, the California Department of Motor Vehicles digitized 42 million vehicle titles on the Avalanche blockchain to detect fraud and streamline the ownership transfer process. Additionally, Ava Labs (the company behind the Avalanche blockchain) has collaborated with Deloitte and the Federal Emergency Management Agency (FEMA) to launch a new disaster relief platform to help the U.S. government streamline disaster compensation applications submitted to FEMA. The idea of applying blockchain to large-scale projects is not new, although applying it to large entities like the U.S. government remains an unproven concept. As early as 2022, the General Services Administration (GSA) was studying the introduction of ledger systems (like blockchain) into the daily operations of the federal government under its IT program. The agency hosted the U.S. Federal Blockchain Forum in 2017 and is exploring the use of smart contracts in patents, trademarks, IT applications, and foreign aid delivery. According to public reports from 2022, the Delaware Blockchain Initiative has also explored blockchain technology in public records organization and private sector data security. In addition to the aforementioned Cardano and Avalanche, on January 28, the price of MOVE tokens from Movement Labs surged significantly amid rumors that the company is consulting for Musk's DOGE. Reports indicate that this modular network has reached out to the organization, although the news has not been confirmed. Shortly after, Movement Labs founder Rushi Manche responded on X to the news of World Liberty Financial's large purchase of MOVE, stating, "Strategic Move reserve. We are proud to be the first altcoin, the first modern blockchain platform, and the first alternative virtual machine under the new government leadership. MOVE is made in America." Furthermore, the Trump family project World Liberty Financial recently announced a partnership with Ondo Finance, which launched the institutional Layer 1 blockchain Ondo Chain, although this collaboration mainly focuses on the RWA track. As of the afternoon of February 13, based on World Liberty Financial's holdings on Arkham Intelligence, the project holds not only ONDO and MOVE but also a significant amount of ETH, with Ethereum serving as the deployment network for the presidential family project, potentially giving it a first-mover advantage in government collaboration. What challenges will the U.S. government face in further utilizing blockchain technology? Chainlink community contributor Zach Rynes stated on X, "It is highly unlikely that the U.S. government will use a single blockchain to cover all departments and agencies. Do you think the ledger requirements of the EPA (Environmental Protection Agency) and FDA (Food and Drug Administration) are exactly the same as those of the DoD (Department of Defense) and DHS (Department of Homeland Security)? Probably not." He indicated that the U.S. government will ultimately use multiple private and public ledgers for various purposes, such as increasing spending transparency or automating manual processes. What is certain is that: All these different public/private blockchain ledgers will need to communicate and share data across agencies through cross-chain interoperability standards; Agencies will need to seamlessly connect their existing backend systems and infrastructure to the various public/private chains used by the government through an abstraction layer; Agencies using blockchain to automate manual processes will need access to external data resources to securely trigger smart contract functions using oracles. A unified platform is needed to meet all these off-chain data, cross-chain interoperability, and legacy system connection requirements. As Musk pushes for the U.S. Treasury to put transactions on-chain, blockchain technology may be moving toward a whole new application domain. The support from Coinbase CEO Brian Armstrong and ARK Invest founder Cathie Wood adds more attention to this topic. In the future, which blockchain platform will stand out as a pillar of government digital transformation may have a profound impact on the entire cryptocurrency industry.
World Liberty Financial Expands Holdings as Ethereum Eyes Breakout
World Liberty Financial expands crypto investments with $5M in ETH and 1.63M MOVE tokens, despite a 23% unrealized loss. Ethereum eyes a bullish breakout past $3,000, with strong buying momentum signaling a potential rally toward $3,600. The Macro Strategy initiative aims to integrate tokenized assets and strengthen DeFi , as WLFI token sales near full subscription. World Liberty Financial has intensified its cryptocurrency investments, focusing on Ethereum (ETH) and MOVE tokens. Recently, the firm purchased 1,917 ETH worth $5 million and 830,469 MOVE tokens for $470,000. Over the past two days, it has accumulated 1.634 million MOVE at an average price of $0.575. Despite its growing portfolio, the fund faces an unrealized loss of $640,000, equating to a 23% decline in value. Besides its acquisitions, World Liberty Financial has introduced a strategic initiative called Macro Strategy . This move aims to diversify funds, mitigate risks, and strengthen the financial foundation of its DeFi project. The firm also seeks to collaborate with traditional finance institutions to integrate tokenized assets into the reserve. Furthermore, the yet-to-launch project has successfully sold over 96% of its WLFI token supply. Approximately 926.9 million tokens remain, granting holders governance voting rights. Notably, these tokens are non-transferable, setting them apart from many digital assets. Ethereum Prepares for a Breakout Beyond $3,000 The main resistance level for Ethereum (ETH) is $3,000, according to analyst Crypto Faibiik. For a number of months, the cryptocurrency had been trading in a downward trend. But there is now more hope after a recent breakout above the upper trendline. Both lower highs and lower lows were produced by the price movement inside the declining channel. Before the breakout, ETH tested support levels several times . Prices are currently rising due to positive momentum, which could indicate a trend reversal. Source: Crypto Faibik Moreover, Green candlesticks support the bullish mindset by confirming ongoing purchasing pressure. The $3,000 breakthrough barrier is critical because a good stay above it might spur additional gains. Importantly, ETH may retest earlier highs close to $3,600 if it keeps up its trend. Additionally, trading volume remains an essential factor. The increased volume would confirm the breakout’s strength, preventing a false move. If Ethereum manages to stay above $3,000, a significant price surge could follow. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Trump-backed World Liberty Financial buys more WBTC, MOVE tokens
World Liberty Financial, the DeFi project promoted by U.S. President Donald Trump, spent millions of USDC stablecoin to purchase MOVE and wrapped BTC, according to Nansen data. In a series of transactions on Thursday, World Liberty spent around $1.4 million in USDC stablecoin to buy 2.52 million MOVE tokens. World Liberty also traded $5 million in USDC to purchase 52 wrapped BTC. MOVE is Movement Labs' native utility token. It was reported that the company was in discussions with the Elon Musk-led Department of Government Efficiency. Movement Labs Founder Rushi Manche previously stated that the company and DOGE were not in close contact. The Movement founder shared a social media post from Onchain Lens on World Liberty’s latest purchase and simply wrote , “More.” In addition to purchases, the Trump-backed DeFi project staked 2,221 ETH ($5.9 million) with Lido Finance and deposited 5 million USDC into Aave's lending protocol on Thursday. Earlier this week, World Liberty had acquired 830,469 MOVE tokens and 1,917 ETH by spending its USDC holdings, according to SpotOn Chain . Since Nov. 30 last year, World Liberty has bought over $315 million worth of crypto, including 63,030 ETH at an average price of $3,331 and 699 wrapped BTC at an average of $105,197, according to Lookonchain . Other major purchases include millions of dollars worth of TRX, LINK, AAVE and ENA. Meanwhile, the project recently announced that it is forming a strategic token reserve called Macro Strategy to help the DeFi project diversify its funds, mitigate risks and act as a “robust financial backbone.” World Liberty also said that it will make more effort to partner with traditional finance institutions and have them contribute their tokenized assets to the reserve. “This initiative is more than just a strategic move; it is a testament to our unwavering dedication to innovation, collaboration, and the empowerment of our community,” the announcement said. The yet-to-be-active World Liberty project has sold over 96% of its WLFI token supply, with around 926.9 million tokens remaining, according to its official website . WLFI tokens are expected to give holders voting rights on project governance proposals and are non-transferable, unlike many other cryptocurrencies.
PI Network (PI) IoU Price Surges 78% Ahead of Open Network Launch
Pi Network (PI) IoU price has experienced a sharp surge in recent days as anticipation builds for its Open Network launch on February 20. Between February 9 and February 12, PI skyrocketed by 78%. However, it’s important to notice this is not a real price but an IoU price, which refers to the price of a token that represents an “I Owe You” (IOU) contract, commonly used for assets that are not yet fully tradable on exchanges. PI DMI Shows The Trend Is Easing, But It’s Still Strong The project’s upcoming launch has also attracted legal scrutiny, with experts issuing warnings about potential regulatory risks. As PI’s price momentum remains volatile, technical indicators now suggest that the asset could either extend its rally or face a significant correction. Pi Network Directional Movement Index (DMI) shows a notable shift in momentum. The Average Directional Index (ADX) is currently at 46.6, down from 56.9 yesterday. This comes after a rapid surge from 19.1 in just five days, highlighting a period of strong trend development. ADX measures the strength of a trend rather than its direction, with values above 25 typically indicating a trending market and readings above 50 suggesting an exceptionally strong trend. The recent decline from its peak suggests that while the trend remains intact, its strength is starting to cool off, potentially signaling a transition phase. PI DMI. Source: TradingView. Meanwhile, the +DI (positive directional index) has fallen sharply to 27.5 after reaching 57 just two days ago, indicating that buying pressure has eased considerably. At the same time, the -DI (negative directional index) has climbed to 13.5 from a low of 1.38, reflecting an uptick in selling pressure. Despite this shift, the uptrend remains intact as +DI is still above -DI, meaning buyers maintain control for now. However, the sharp contraction in +DI and the rising -DI suggest that bullish momentum is weakening. If this trend continues, it could lead to a more balanced or even corrective phase for PI’s price movement. PI RSI Is Now Neutral After Touching 92 PI’s Relative Strength Index (RSI) has seen a sharp decline, currently sitting at 54.8 after dropping from an extreme high of 92 just yesterday. RSI is a momentum oscillator that measures the speed and magnitude of recent price movements on a scale of 0 to 100. Generally, readings above 70 indicate overbought conditions, suggesting that an asset may be overextended to the upside, while readings below 30 signal oversold conditions, implying potential undervaluation. A rapid drop from such elevated levels suggests a strong shift in momentum, often signaling profit-taking or the beginning of a consolidation phase. PI RSI. Source: TradingView. With PI RSI now at 54.8, the asset is back in a more neutral zone, meaning the intense buying pressure that pushed it into overbought territory has cooled off. While this doesn’t necessarily indicate a downtrend, it does suggest that the explosive rally may have lost steam. If RSI stabilizes around this level or begins climbing again, it could indicate the continuation of an uptrend with more sustainable momentum. However, if it continues to decline toward 40 or lower, it may signal weakening bullish strength, increasing the risk of a deeper pullback. PI Price Prediction: On Which Range Will PI Price Launch? Pi Network price chart shows its Exponential Moving Average (EMA) lines indicate that bullish momentum remains intact, with short-term EMAs still positioned above the longer-term ones. This alignment suggests that buyers continue to dominate, keeping the trend upward for now. If this positive momentum persists, PI could push toward a key resistance level at $68.7. PI Price Analysis. Source: TradingView. However, if enthusiasm for the altcoin fades, the price could face a pullback, testing the nearest support at $53.5. Losing this level could trigger further downside, with PI price potentially falling to $40.8 and even $33.7, establishing the range between $40.8 and $68.7 as its potential price during launch.
Movement: The MoveDrop airdrop of the Mainnet Public Beta version is about to start, users can now pre-register
According to official news, the Movement Network Foundation has announced that the Move Drop airdrop of its mainnet Public Beta version is about to begin. Users can now pre-register through their registered Movement wallets.
Bitcoin May Follow Gold’s Surge Towards $400,000 Amid Market Speculation and Positive Buy-Sell Signals
The crypto market buzzes with excitement as Bitcoin is poised to potentially mirror gold’s remarkable rise, aiming for unprecedented heights of $400,000. As Bitcoin grapples with a prolonged slump, analysts present conflicting views on its future trajectory, yet some remain optimistic for a bullish turn in 2025. A notable market commentator stated, “Even during the biggest bubbles, Bitcoin has never gone more than five years ahead of the trendline,” suggesting further growth is imminent. Explore Bitcoin’s possible ascent to $400,000, drawing parallels with gold’s recent surge, as analysts forecast a promising future for the leading cryptocurrency. Bitcoin Can Follow Gold’s Path to $400,000 According to apsk32, an anonymous Bitcoin trader, there is a strong possibility that Bitcoin could replicate gold’s upward trajectory, targeting an ambitious price of $400,000 by 2025. Utilizing the power law model, normalized against gold’s market capitalization, the analyst creates a logarithmic representation where Bitcoin’s value is expressed in terms of ounces of gold rather than dollars. This comparison is visually represented in the chart provided: Bitcoin-Gold power law comparison by apsk32. Source: X.com The anonymous analyst asserts that historically, Bitcoin’s price has remained within a predictable range in relation to the power law support line, as illustrated in the chart above. To support this claim, the researcher stated, “Even during the biggest bubbles, Bitcoin has never gone more than five years ahead of the trendline. Right now, we’re near the one-year-ahead level, suggesting further upside.” In the context of BTC’s four-year price cycle, many industry professionals believe that if Bitcoin adheres to the established market cycle, another significant price surge is on the horizon. Additionally, in December 2024, Blockware Solutions—an established crypto mining firm—forecasts a similar price trajectory for Bitcoin. As reported by Cointelegraph, the firm anticipates a bearish price target around $150,000, while the optimistic scenario suggests around $225,000. Blockware Solutions also emphasizes that potential catalysts, including the formation of a US strategic Bitcoin reserve, potential rate cuts from the Federal Reserve, and increased corporate adoption, could propel Bitcoin to that impressive $400,000 mark. Bitcoin Taker Buy-Sell Ratio Flashes a Bullish Signal The cryptocurrency market has shown signs of stagnation in recent weeks, with Bitcoin’s price fluctuating between $95,000 and $97,000. This period of consolidation has left investors in a state of uncertainty, but a shift may be forthcoming. ShayanBTC, an anonymous market analyst, has identified a promising trend in Bitcoin’s taker buy-sell ratio, which indicates a strong reversal from its recent lows, suggesting that upward momentum could soon materialize. The analyst remarked, “The 14-day moving average of this metric has shown a bullish reversal following a significant decline. This shift suggests buyers are regaining strength and could soon take control of the futures market.” The chart displays the Bitcoin taker buy-sell ratio’s changing dynamics: Bitcoin taker buy-sell ratio. Source: CryptoQuant The analysis shows that the Bitcoin taker buy-sell ratio’s 14-day simple moving average fell to 0.96 in June and August of 2024. Historically, each of these declines was followed by a notable bullish recovery. With the current indicator trending above the 1.0 mark, an increase in buying pressure signals that Bitcoin may break free from its temporary sideways market behavior. Conclusion In summary, Bitcoin’s potential to follow gold’s impressive trajectory towards $400,000 could reshape the landscape of the cryptocurrency market. Analysts continue to debate the sustainability of future price rises, but current indicators such as the taker buy-sell ratio provide a glimmer of hope for bullish market sentiment. Investors should maintain a keen eye on evolving market conditions, as the developments in Bitcoin’s adoption and regulatory landscape could significantly influence its advancement. In Case You Missed It: Bitcoin Indicates Potential Recovery Amid Dormant Coin Movement and MVRV Ratio Shifts
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