DeFI News by Thebittimes.Com

Shiba Inu‘s price is currently facing some serious downward pressure as market analysts are now predicting a further 20% decline to the $0.0000090 level. At the time of writing, the popular meme token is trading around $0.0000122, showing very little movement over the past 24 hours but recording some pretty significant losses of about 9.2% weekly,16.8% biweekly, and also an alarming 25.4% monthly. This rather troubling Shiba Inu price trend coincides with declining network activity and also reduced whale interest in the ecosystem right now. Also Read: Avoid Crypto Burnout: 3 Buy-and-Hold Strategies for 2025 Shiba Inu Price Forecast: Risks, Market Volatility & Investor Strategy Source: Watcher Guru Technical Analysis Shows Bearish Pattern The Shiba Inu price Analysis from TradingView reveals a token trapped in a descending channel with consistently lower highs and lows. The charts indicate absolutely no breakout signals whatsoever, which points to continued downward movement towar...

Cryptocurrency analyst and trader Ali Martinez is leaning bearish on a Solana (SOL) competitor. Martinez tells his 130,100 followers on the social media platform X that Sui (SUI) faces the risk of a “sharp correction” amid the formation of a bearish pattern. “Since November 2024, Sui has been shaping a head and shoulders pattern with the neckline at $3 serving as a crucial support level. And the price action seen in the last few weeks helped form the pattern’s right shoulder, which is not a positive sign. After the recent break of the $3 support level, the odds have increased significantly for a 40% correction that takes Sui to $1.60.” Sui is trading at $2.73 at time of writing, down by around 48% from the all-time high price of $5.35 reached early in January. Next up is Bitcoin (BTC). On the potential move the crypto king is likely to make next, Martinez says, “Bitcoin is consolidating within a triangle, setting the stage for a potential 20% price move!...

Join Our Telegram channel to stay up to date on breaking news coverage Sellers are dominating Ripple market When sellers gain more momentum, the support level of $0.45 may be broken downside and the support level of $0.43 may be tested, which may extend to $0.39 level. In case the Bulls interrupt the bears at $0.45 level, the resistance level of $0.47 may be penetrated, Ripple may increase to $0.50 and $0.52 levels. XRPUSD Price Analysis – October 16 Key Levels: Supply levels: $0.47, $0.50, $0.52 Demand levels: $0.45, $0.43, $0.39 XRP/USD Price Medium-term Trend: Bearish XRP/USD is bearish on the medium-term outlook. The crypto was on the strong bullish movement last week. The bullish trend broke up the resistance levels such as $0.43, and the price is placed at the resistance level of $0.56; this is the second time price will be testing the mentioned level. It means that double top chart pattern formed at the level. It is a bearish pattern, the coin obey the comman...