Crypto analyst Kevin, formerly known as OG Yomi, has made a bullish prediction for Dogecoin (DOGE). In a recent post on X (formerly Twitter), Kevin suggested that Dogecoin could replicate its 2021 bull run, where it experienced an 18,000% price gain. According to his analysis, DOGE is two to three weeks away from achieving its … Continue reading "Dogecoin Could See Massive Surge with First Golden Cross in 4 Years" The post Dogecoin Could See Massive Surge with First Golden Cross in 4 Years appeared first on Cryptoknowmics-Crypto News and Media Platform .
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US Spot Bitcoin ETFs Record Net Inflow of $470.55M on October 17
US Spot Bitcoin ETFs Record Net Inflow of $470.55M on October 17 On October 17, 2024, U.S. spot Bitcoin ETFs experienced a combined net inflow of $470.55 million, signaling strong investor interest in Bitcoin ETFs. According to Trader T on X, BlackRock’s IBIT led the inflows, with an impressive $309.08 million, followed by ARK Invest’s Cryptoknowmics
XRP Price Set To Resume Upside: Is Momentum Building?
XRP price is holding gains above the $0.5450 zone. The price seems to be eyeing more gains above the $0.5550 and $0.5650 levels in the near term. XRP price is consolidating above the $0.5400 zone. The price is now trading above $0.5420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5465 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.550 and $0.5550 resistance levels. XRP Price Eyes Upside Break XRP price remained stable above the $0.5320 support zone like Bitcoin and Ethereum. The bulls even tried to push the price above the $0.5550 resistance zone. A high was formed at $0.5659 before there was a fresh decline. The price tested the $0.5400 zone. A low was formed at $0.5398 and the price is now consolidating losses. It is trading near the 23.6% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5398 low. The price is now trading above $0.540 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5465 level. There is also a connecting bearish trend line forming with resistance at $0.5465 on the hourly chart of the XRP/USD pair. The first major resistance is near the $0.5550 level or the 61.8% Fib retracement level of the downward move from the $0.5659 swing high to the $0.5398 low. The next key resistance could be $0.5650. A clear move above the $0.5650 resistance might send the price toward the $0.5800 resistance. Any more gains might send the price toward the $0.5880 resistance or even $0.5925 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.550 resistance zone, it could start another decline. Initial support on the downside is near the $0.540 level. The next major support is near the $0.5345 level. If there is a downside break and a close below the $0.5345 level, the price might continue to decline toward the $0.5280 support in the near term. The next major support sits near the $0.5220 zone. Technical Indicators Hourly MACD – The MACD for XRP/USD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.5400 and $0.5345. Major Resistance Levels – $0.5500 and $0.5550. Cryptoknowmics