18 hours ago
Larger cap altcoins are on the bears’ radar today posting double-digit losses as the crypto market took a sharp decline. XRP saw a fair share as it recorded little losses while remaining firm in its bullish zone. XRP’s reaction to the latest market decline is not much compared to other large-cap losses in the past few hours. Although it may post a double-digit loss if supply increases. But currently, things are still looking good for the asset as it trades well in a buying zone. However, the recent rejection at the falling resistance line might be something to worry about as it may join the wide market correction if it loses the $2 level, which has been holding as support since last week. Such a scenario could plummet the price back to $1. This may cause serious pain and panic for most spot traders, although providing a sell opportunity on the futures. But if the crypto manages to stay above the mentioned holding support during this selling phase to form a bullish flag pattern on the daily chart, we can anticipate a mega rally to a new high. However, with the look of things, it is uncertain if this asset will survive the fresh attack from the bears. While the next few days will unfold the next major direction, XRP is still considered bullish on the daily scale. XRP’s Key Level To Watch Source: Tradingview Considering the slight price fall since the bears stepped back, XRP appeared weak on the intraday trading and is likely to pull back to $2.15. A breakdown there could slip the price to $1.9 and $1.63. Lower support levels are $1.28 and $1. A break through the resistance line at $2.5 could activate a new buying phase to the $2.9 resistance level. Surpassing it should rally us to a new high of $3.3 and maybe $4 in the near term. Key Resistance Levels: $2.5, $2.9, $3.3 Key Support Levels: $1.9, $1.63, $1.28 Spot Price: $2.32 Trend: Bullish Volatility: Neutral Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: parilovv/ 123RF // Image Effects by Colorcinch
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Solana & Ethereum Corrections Predicted But New 1Fuel Turns Heads
Despite new bullish momentum going into January and the presidential inauguration, coins like Solana and Ethereum could experience a sharp price correction within months, analysts have warned. For investors with an eye on sustainable long-term success, the viral cryptocurrency presale, 1FUEL is turning heads and winning over whales. Read on to find out why this secure crypto wallet is commanding investor attention and leading analysts to project early returns in excess of 500%, with 100x returns on public launch. 1FUEL’s incredible growth potential could outperform both Solana and Ethereum 1FUEL’s one-click, cross-train transactions – along with a laundry list of other privacy, security and user-friendly features – has cemented its potential for exponential growth. Those same features could well see it turning some very notable heads as Solana and Ethereum navigate expected corrections, likely to come down the pipeline in March. It’s no coincidence that 1FUEL’s viral cryptocurrency presale has already attracted whales from Solana and Ethereum. It has raced to more than $1,157,219 raised, with stage two 98% complete. When is the Solana and Ethereum correction likely to occur? According to experts such as Arthur Hayes (co-founder of BitMEX), coins like Solana and Ethereum are expected to hit the end of the bull run around March, amid a wider slowdown. Thereafter, a major correction is expected, which means Solana, Ethereum and others, including Bitcoin, could give up much of the ground they’ve gained since December. The correction could be triggered by several factors including wider market sentiment. While President Trump has signalled that he intends to be much more accommodating of crypto during his second term at the White House, it’s unlikely that he will make sweeping changes right away. The slower his more favourable legislation is, the more likely Solana and Ethereum will face a correction. One of the first orders of business for Trump will be renegotiating the debt ceiling to keep the government operational. Before the debt ceiling is raised, Solana, Ethereum and other coin prices will spike. Thereafter, a ‘dollar liquidity negative’ situation could throw a spanner in the works for bullish momentum, Hayes theorises . The key factors driving investor interest in 1FUEL 1FUEL is setting out to reimagine what the term ‘secure crypto wallet’ means in practice with an extensive list of advanced features, cleverly designed to combine extensive security and privacy safeguards with welcome ease of use. 1FUEL’s one-click, cross-chain technology heralds the beginning of an exciting new era for digital asset management. While existing platforms demand a certain degree of crypto literacy – effectively locking out millions of non-advanced users – 1FUEL is just the opposite. It does the heavy lifting behind the scenes, asking users to do nothing more than select their preferred token before it takes on the complexity of cross-chain transactions. 1FUEL’s AI-powered system handles everything, from navigating multiple exchanges to optimising transaction fees. There’s also an in-built privacy mixer and cold storage, which provides high degrees of protection while also remaining accessible. Additional privacy is assured by disposable temporary wallets, and a P2P exchange. Real and digital cards will provide accessibility and utility, setting 1FUEL up for widespread use. Join the presale The 1FUEL presale is happening now, with staking rewards of 30% APR, early rewards of 500% and 100x returns projected on public launch. Don’t miss out on this unprecedented opportunity. Join the presale now. To Find Out More About The 1Fuel Presale Use The Links Below: Website: https://1fuel.io/ Telegram: https://t.me/Portal_1Fuel Twitter / X – https://x.com/1Fuel_ NullTx
Bitcoin Plummets to New Year Low Amid Market Volatility: A Close Look at Current Trends
On January 9th, COINOTAG reported on significant movements within the financial markets, highlighting the **tension** between inflationary pressures and looming **rate cut** expectations. Wednesday saw **volatile** trading, with the S&P NullTx
