The crypto market is going bonkers as smart investors massively FOMO into the ETFS Ethereum token after Shiba Inu whales dumped 50 billion SHIB tokens valued…
Author: Neelesh Roy
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The recent developments have changed the questions around the US SEC’s rule over the crypto space and whether it is losing its grasp. This has pushed altcoins like Cardano (ADA), Ripple (XRP), and Solana (SOL) to see their value soar incredibly.
The recent pullback in Solana (SOL) did bring down the price below $180, but now the price is again above it, taking support from 10MA.
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Death Cross, a technical indicator that appears when a short-term moving average (MA) crosses below a long-term moving average (MA), often signals a potential bearish trend.
Many crypto enthusiasts have termed SHIB’s recent market performance ‘disappointing.’ Its price has declined by 3% over the past month and by 12.5% in the past week despite significantly removing its tokens from circulation.
Hopes for a quick resolution were shattered when negotiations broke down this week, casting uncertainty over the fate of XRP.