ApeCoin has shown significant price increases in the last few days as per CMC data. The ApeCoin DAO’s ApeChain went live on October 20. Several memecoins have risen to prominence over the past few weeks. This has led to speculations of a returning memecoin season. The largest memecoin and Elon-Musk endorsed DOGE has shown significant surges in the past weeks. Specifically, ApeCoin has shown significant price surges over the weekend. The official ApeCoin account has been observed making movements in the past few hours. According to Arkham Intelligence data, the official account transferred 3.289 million tokens worth $5.13 million to prominent liquidity platform Wintermute two hours ago. Following this, it moved another 1.297 million ApeCoins worth $2.04 million to an anonymous address —“0xEA6.” Additionally, the Wintermute account has received a total of 8.289 million APE tokens worth approximately $12 million, in the last 5 hours. The liquidity firm has also received APE from several other exchanges including Coinbase, and transferred it to other accounts. Wintermute’s current APE holdings stand at 972.818K. Moreover, the ApeCoin prices, as aforementioned, have shown significant upward movements over the last two days in particular. On inferring its daily price chart, APE shows an additional 1.73% price increase. Zooming out, in the past week the token has factored in a 96.28% price breakout. It rallied from a low of $0.76 to a weekly high of $1.74. At the time of writing, the token was trading at $1.51 as per CMC data. Why Did ApeCoin Price Experience a Breakout? The memecoin which has taken to the spotlight began its rally on 20 October as the ApeCoin DAO announced the launch of its ApeChain. The blockchain is ApeCoin’s Layer 3 mainnet built on the Arbitrum Orbit. This blockchain has introduced a new feature called the “Automatic Yield Mode”. This doesn’t require APE holders to stake to earn rewards and automatically rewards them. With this announcement, the token has shown a significant rise in price. Meanwhile, as aforementioned, other tokens such as DOGE and altcoins Solana and Ethereum have also progressed from their consolidation phases. Highlighted Crypto News Today: Shiba Inu Analyst Predicts SHIB to Reach $0.00003 Level: Here’s When

Amid bullish predictions for the market’s fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL’s ongoing price recovery. New Staking Rules For VanEck’s Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital. On the other hand, VanEck’s press release outlined how the staking process works for the Solana ETN. Importantly, the staking methods are designed to be non-custodial, meaning that the custodian of the ETN’s assets retains full control of the staked SOL, thereby eliminating lending risks typically associated with crypto investments. In addition, investors in the Solana ETN will not need to take any action to receive staking rewards. These rewards will be accounted for in the coin entitlement of the ETN, ensuring equitable distribution regardless of when the investment was made, minus a 25% staking fee. The staking rewards will be reflected in the daily end-of-day net asset value (NAV), with a cutoff point at 4 PM CET, allowing investors to benefit from staking without the “complexities” usually involved in managing crypto assets directly. The firm also instructs its custodian to delegate SOL to a validator node owned and maintained by a staking provider. Importantly, control of the delegated SOL remains with the custodian, ensuring security and stability. Once the SOL is delegated, the validator node earns various rewards, including inflationary and block rewards, accrued continuously. These rewards will be reinvested into the ETN daily, contributing to its overall performance. SOL Price Prediction The fifth-largest cryptocurrency, has shown significant price action over the past month, gaining approximately 10% and currently trading at $164.50. This recovery follows a significant drop to around $109 on August 5, signaling a strong rebound amidst a generally bullish market sentiment. Market expert Carl Runefelt recently highlighted Solana’s potential for further gains in a Monday social media post, stating that the token could “go parabolic starting today.” Runefelt pointed out a significant technical pattern on the SOL/USDT daily chart, identifying a breakout from a “Cup and Handle” formation. This bullish pattern often signifies a strong upward momentum, with Runefelt projecting a potential price target of $370. Achieving this target would mean Solana surpassing its all-time high of $259, set in November 2021. This bullish outlook aligns with other analysts’ broader bullish predictions for the cryptocurrency market, particularly Bitcoin, which is also expected to hit new highs in the coming months. Featured image from DALL-E, chart from TradingView.com

Fantom (FTM) registered a remarkable performance over the past 24 hours, attempting to break above a crucial horizontal level. Some market watchers forecasted a 345% surge before the year’s end but set the key levels to reclaim before FTM’s new all-time high (ATH). Fantom Breaks Out Of Downtrend As Sunday ended, Fantom’s price jumped 8.2% toward a crucial resistance level not seen in four months. The cryptocurrency neared the $0.8 mark for the second time in the last seven days, fueling a bullish sentiment among investors. FTM has registered a 46.6% increase in the past three months, recovering from Q3’s market crashes and challenging June’s price action. June’s horizontal resistance marks the first crucial level for the cryptocurrency, as it was a strong support area during Q1 and Q2. Moreover, Fantom has been on a 7-month downtrend since its yearly high of $0.97, currently sitting 23% below it. Market analyst AMCrypto suggested that the cryptocurrency’s downtrend “is now over.” The analyst noted that the token broke above the trendline after surging above the $0.74 resistance level and testing it as support over the last week. However, he highlighted the similarities between FTM’s chart today and before Q1’s rally. Fantom rose two times to the upper range of its accumulation zone and retraced before its run toward its yearly high. To AMCrypto, FTM could see a final correction toward the $0.70-$0.72 range before rallying 35% toward “$1 and above.” Similarly, crypto investor Rager commented on FTM’s chart strength. To the investor, the token “gives the Solana 2023 pump-like vibes,” suggesting it will “play catch up for the major chains over the next three months.” FTM’s Price Targets $3 Analyst Altcoin Sherpa shared his thoughts on the token’s future performance. Sherpa considers that Fantom will continue “to grind higher” if Bitcoin’s price remains stable. BTC’s movements have affected FTM’s price, losing support losing its support whenever the flagship crypto drops. However, Fantom has managed to hold above the recently reclaimed $0.74 mark as Bitcoin dropped 2.2% to the $67,000 support zone on Monday morning. The cryptocurrency must regain the $0.75 mark to continue building on its bullish momentum and reclaim the $0.8 resistance. Turning this level into support targets a potential rise above $3. Meanwhile, other market watchers suggested that FTM will hit a new ATH before its token migration. As reported by NewsBTC, Fantom is set to transition to the Sonic Network between November and December of this year. The transition will see FTM migrating to Sonic’s native token, S, offering a 1:1 conversion ratio for FTM holders. The new cryptocurrency will have a 3.175 billion token supply like Fantom but will mint an additional 190.5 million tokens, worth 6% of the supply, six months after its launch. Fantom trades at $0.746, a 0.4% surge in the daily timeframe at the time of writing.

Since July 29, the Bitcoin price has been struggling to regain the $70,000 mark, which has proven to be a formidable resistance barrier for the leading cryptocurrency. This resistance has been in place for the last two quarters of the year, after BTC hit an all-time high of $73,700 back in March this year. Since then, the market has experienced price corrections and periods of consolidation, but recent bullish sentiment has sparked hope for a price resurgence as the year progresses. Could $70,000 Be Within Reach? Market analyst Rekt Capital has provided insights into Bitcoin’s current trajectory, emphasizing the recent uptrend and the potential for the cryptocurrency to regain the $70,000 mark. Notably, Rekt pointed out that Bitcoin has broken through a downtrending channel after surpassing the $65,000 level earlier this month, effectively invalidating a series of lower highs that had been established since mid-March. This breakout signifies the end of the previous downtrend. Rekt noted that Bitcoin had repeatedly failed to break above the channel’s resistance, but the most recent weekly close has shifted market sentiment. In his analysis, Rekt explains that Bitcoin is currently retesting its former resistance point above $69,000, suggesting that a successful retest could confirm the breakout and pave the way for further upside momentum. Rekt further explains that the current retest of lower support floors could see Bitcoin’s price dip to around $66,300, which is the channel top. This level has previously served as a significant barrier, preventing the price from reaching higher levels. Rekt pointed out that last week’s performance demonstrated the importance of this area, as Bitcoin closed above the lower high, setting the stage for a possible transition to higher levels if the aforementioned support holds. Key Resistance Challenge Ahead For Bitcoin If Bitcoin successfully retests this support level, the analyst expects that the next target would be the range high at approximately $71,500. This level marks a crucial challenge for Bitcoin, as it would signify the first attempt to breach the top of the re-accumulation range since June. Rekt goes on to argue that a successful move towards the area high above these levels would demonstrate that the previous resistance is weakening, further boosting BTC’s prospects of reaching higher levels. However, the question remains: how deep will any potential retracement be if Bitcoin faces rejection at the range high? Historically, since mid-March 2024, Bitcoin has encountered deeper rejections, with declines of 21% to 25% on August 5 and September 6 respectively. Rekt concludes that BTC is moving deeper into a prior resistance area at $66,000, which may soon transform into support. A successful retest of this level could precede a significant reversal back to the $70,000 mark, reinforcing the bullish outlook for Bitcoin as it navigates through these critical price levels. At the time of writing, BTC is trading at $67,350, registering a retracement of 2% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com

BNB price corrected gains below the $605 level. The price is now holding the key $588 support and might aim for a fresh increase. BNB price started a downside correction from the $612 resistance zone. The price is now trading below $600 and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $595 on the hourly chart of the BNB/USD pair (data source from Binance). The pair must stay above the $588 level to start another increase in the near term. BNB Price Could Regain Traction After a decent upward move, BNB price saw a rejection pattern nears the $612 zone. A high was formed at $611 and the price started a downside correction like Ethereum and Bitcoin. There was a move below the $605 and $600 levels. The price even dipped below $592 before the bulls appeared near $590. A low was formed at $591 and the price is now consolidating. It climbed above the $598 level and the 23.6% Fib retracement level of the downward move from the $611 swing high to the $591 low. The price is now trading below $600 and the 100-hourly simple moving average. If there is a fresh increase, the price could face resistance near the $602 level or the 50% Fib retracement level of the downward move from the $611 swing high to the $591 low. The next resistance sits near the $610 level. A clear move above the $610 zone could send the price higher. In the stated case, BNB price could test $620. A close above the $620 resistance might set the pace for a larger move toward the $632 resistance. Any more gains might call for a test of the $650 level in the near term. More Losses? If BNB fails to clear the $605 resistance, it could start another decline. Initial support on the downside is near the $592 level. The next major support is near the $588 level. The main support sits at $588. If there is a downside break below the $580 support, the price could drop toward the $575 support. Any more losses could initiate a larger decline toward the $565 level. Technical Indicators Hourly MACD – The MACD for BNB/USD is losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BNB/USD is currently below the 50 level. Major Support Levels – $592 and $588. Major Resistance Levels – $605 and $612.

While new cryptocurrencies come into being one after another, staking has become one of the favorite ways for investors to make passive income by locking their crypto assets. This article will guide you to the best staking platforms to earn passive income in 2024 as follows. OkayCoin Binance Kraken Coinbase Crypto.com Nexo Ku Coin Bybit EToro stakefish What is staking? Staking generally refers to the process of locking up your cryptocurrency to contribute to the functioning of a blockchain, usually in proof-of-stake systems. By staking assets, you help in further verifying transactions and securing a network. Through this method, rewards are given to you, the user; rewards often take the form of extra cryptocurrency. Staking gives you a chance to generate some passive income with very little effort, and the rewards will often vary depending on the different platforms, cryptocurrencies, or lock-up period. 1. OkayCoin – Best for Staking The leading staking platform that users can use with ease securely to create passive income by means of staking in various cryptocurrencies. The key features supported by the platform include multifunctional PoS tokens and very competitive staking rewards. There is a referral program that rewards users by inviting others as an extra stream linked to creating an additional stream of income. pros Low fees – competitive staking fees with many other platforms; User-friendly interface – quite easy to use and is good for any category of user Various staking options – one can choose the best variant, meaning the most beneficial one for him. Regulated and secure – carries out activities in strict accordance with regulations. Hence, such a platform has gained greater trust among users. How to Sign up: Joining OkayCoin is quite effective and simple. As a matter of fact, it only takes a few minutes to do so. Here’s how: Sign up on the website or mobile app of the OkayCoin platform using your email address. Verify Your Identity;Follow the process for KYC verification by submitting your identification documents. Deposit Crypto: Deposit crypto into your OkayCoin account to begin the staking process. Staking Plan: From the different types of staking options, choose one and start earning your reward. You have the chance to earn a welcome bonus of $100 at the time you sign up to okayCoin. You will get a welcome bonus of $100 at the time you sign up. OkayCoin- Referral program OkayCoin has a referral program whereby one gets bonuses for inviting his or her friends to create an account on the website. For every new user that joins and then performs specific trading or staking activities, both the referrer and the new user get some form of bonus given. You will get a 3.5% commission for each order. Staking Plans in OkayCoin Free Trial Staking Plan: $100 for 1 day and earn $1 daily. Ethereum Staking Plan: $300 for 1 day and earn $6 daily. Polygon Staking Plan: $800 for 3 days and earn $8 daily. TRON taking Plan: $1200 for 7 days and earn $12 daily. Polkadot Staking Plan: $3000 for 7 days and earn $33 daily. Celestia Staking Plan: $6000 for 14 days and earn $72 daily. Aptos Staking Plan: $10,000 for 15 days and earn $140 daily. Sui Staking Plan: $20,000 for 15 days and earn $280 daily. Avalanche Staking Plan: $35,000 for 20 days and earn $525 daily. Cardano Staking Plan: $26,880 for 30 days and earn $896 daily. Solana Staking Plan: $42,120 for 30 days and earn $1404 daily. Ethereum Liquid Staking Pro: $90, 000 for 45 days and earn $ 2000 daily. 2. Binance: Global Leader Binance is one of the largest exchanges for cryptocurrencies and has the broadest variety of staking options, from locked to flexible, depending on the asset that one wants to stake. Also, it offers very competitive staking rates and is a highly secure platform for novice and professional stakers alike. Pros High staking rewards – one of the most rewarding companies for staking. Wide range of cryptocurrency: staking of hundreds of coins and tokens is supported. Flexible and locked staking: Users will be allowed to stake their assets with flexible or fixed terms. Security reliably: Robust security features, including insurance funds for protecting users’ assets. 3. Kraken: Trusted for Security Kraken is known for its high level of security and great ease of use. It offers staking for popular cryptocurrencies such as Ethereum, Polkadot, and Cardano. The flexibility Kraken provides, regarding the staking duration, along with the ease of withdrawing, makes Kraken very attractive to users who put a premium on convenience and safety. Pros User-friendly interface: Kraken provides a user-friendly and intuitive staking process for all users. Instant rewards: Users can start getting their rewards immediately after staking. Strong security features: It focuses on safety regarding user assets, hence robust security. Compliance with regulations: Kraken works within strict frameworks of regulations and gives more trust to its users. 4. Coinbase: Great for Beginners Coinbase works perfectly for new users, as it offers an extremely user-friendly interface and pays staking rewards instantly. Ethereum, Solana, and all other supported cryptocurrencies can be easily staked without any complex procedures. The detailed guides make this platform very accessible for those just beginning in this respect of staking. pros Easy to use: The UI is really easy to handle, therefore, the site is perfect for beginners in crypto. Automatic staking: Available to turn on for selected assets. Custodial service: Funds held in Coinbase are insured in case of hacks and other security breaches. Low staking minimum: A user can stake small pieces of crypto. 5. Crypto.com: Flexible Staking Options Crypto.com offers flexible and locked staking. Rewards are paid in function of the stake duration, meaning that longer-term lock-ups will earn the user higher rewards. It has a very user-friendly app and cashback, hence it’s very popular among mobile staking enthusiasts. Pros High staking rewards: Competitive interest rates, especially for CRO and other supported assets. A wide variety of supported assets: Most popular cryptocurrencies, even some niche tokens, are supported to stake. Flexible and fixed terms: The opportunity to choose between flexible terms or choose a lock-in period with higher rewards. Additional benefits to stakers: Higher cashback rates on the Crypto.com Visa card, events, and rewards exclusively available to stakers. 6. Nexo: Earn Interest with No Lock-Up Nexo doesn’t require users to lock their crypto and earn interest from them. It is ideal for users looking to have flexibility because, on certain stablecoins, it offers up to 12% interest rates. Accredited for its security environment, Nexo features daily payouts that have gained trust for passive income. Pros High staking yields: The site is offering really high APY for many kinds of cryptocurrencies. Daily payouts: Users get their staking rewards on a daily basis, therefore, immediately. Collateralized loans: The staked assets can be used as collateral for loans without liquidation. No fixed staking term: There are flexible staking options available, including those without any fixed staking terms; users are free to withdraw their tokens at any time. 7. KuCoin: Best for Smaller Tokens KuCoin offers staking for both major and small-cap tokens, making it more appealing to those looking for higher-risk, higher-reward opportunities. KuCoin Earn makes it easy for users to stake and get interest in many cryptocurrencies that are not accessible on larger platforms. Pros Lower threshold for staking: More accessible, since users holding smaller crypto volumes also have access. Soft staking: Users are able to stake without freezing funds. This allows users to enjoy much better liquidity and more flexible options. Rich variety of staking products on offer: Either from the variety in coins or the multiple options provided for fixed-term and flexible stakings. Distribution of Staking Rewards: Regular distribution of rewards that are accrued by staked assets. 8. Bybit: Low-Fee Staking Bybit offers some of the smallest staking fees anywhere, with very competitive returns on staked assets. It supports major cryptocurrencies and further boasts unique benefits that include VIP staking tiers and referral bonuses. Transparency of the staking process and a user-friendly interface make Bybit ideal for efficiency-seeking customers. Pros Competitive Staking Rewards: High yields for a range of staking products. Flexible Staking: Users can choose between fixed and flexible terms. Rich Educational Content: Educative content is available on Bybit to help users understand staking even better. High Liquidity: Ability to easily withdraw or access their staked assets while minimizing or reducing downtime. 9. eToro: Best for Social Staking What really sets eToro apart, however, is its social features that allow interaction with other stakers and traders alike. It offers seamless staking for popular cryptocurrencies such as Cardano and Tron without too much hassle for rewards accruals. With a secure and regulated environment, eToro is particularly fit for those users who give importance to a social community-oriented staking experience. Pros Passive Staking Rewards: Automatic staking of some assets for users; no extra steps necessary from them. Secure Platform: Safety of funds through strong security protocols and regulated operations. Staking Transparency: Clearly details the fees applied for staking and the distribution of rewards. Community-Driven Platform: Houses social trading features in helping users share knowledge and strategies. 10. Stakefish: Leading Validator Stakefish is the industry-leading staking service provider and validator for various blockchain networks. It enables the services of non-custodial staking for Ethereum, Cosmos, and Polkadot assets. The focus of Stakefish is security and decentralization, which gives users assurance in its transparency for staking. Pros Industry Expertise: Operated by one of the most experienced teams within the staking industry. Dedicated Staking Platform: Focuses solely on staking; thus, preferred services and support are accorded to the stake. Extensive list of supported coins: The staking is supported for a wide number of PoS cryptocurrencies. Conclusion From ease of use and flexibility to highly rewarding and robust security, the offerings that make up the top 10 staking platforms are all over the board. Whether a newcomer to this world of staking or an experienced crypto investor, these opportunities will offer excellent avenues for maximizing earnings in 2024. OkayCoin has been considered among the best staking players due to its low fees, flexible variants of staking, and ease in referral programs that help users boost their rewards. Other popular services include Binance and Coinbase; both of these platforms appeal to a wide class of users-from complete beginners in staking to more advanced ones. Be it security, convenience, or a range of various assets, above is likely to be a staking platform that covers your needs. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.

XRP price is struggling to clear the $0.5550 resistance. It must stay above the $0.5250 support zone to attempt a fresh increase in the near term. XRP price is consolidating above the $0.5320 zone. The price is now trading below $0.5500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.5550 and $0.5580 resistance levels. XRP Price Trades In A Range XRP price remained stable above the $0.5320 support zone. It started a decent increase above the $0.550 level, but the bears were active near the $0.5600 resistance zone. A high was formed at $0.5600 before the price started to decline like Bitcoin and Ethereum. There was a decline below the $0.5550 and $0.550 levels. Besides, there was a break below a connecting bullish trend line with support at $0.5500 on the hourly chart of the XRP/USD pair. The price dipped below the 50% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. The price is now trading below $0.5460 and the 100-hourly Simple Moving Average. The bulls are now protecting the 76.4% Fib retracement level of the upward move from the $0.5375 swing low to the $0.5600 high. On the upside, the price might face resistance near the $0.5460 level. The first major resistance is near the $0.5500 level. The next key resistance could be $0.5550. A clear move above the $0.5550 resistance might send the price toward the $0.5600 resistance. Any more gains might send the price toward the $0.5800 resistance or even $0.5880 in the near term. The next major hurdle might be $0.6000. Another Drop? If XRP fails to clear the $0.5500 resistance zone, it could start another decline. Initial support on the downside is near the $0.5420 level. The next major support is near the $0.5365 level. If there is a downside break and a close below the $0.5365 level, the price might continue to decline toward the $0.5320 support in the near term. The next major support sits near the $0.5250 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 – $0.5420 and $0.5365. Major Resistance Levels – $0.5500 and $0.5550.

According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.” In January 2024, these addresses held about 11.5 million ETH. The rapid increase in ETH held by accumulation addresses suggests that sophisticated investors may anticipate a rally in the digital assets market toward the end of the year. Kesmeci highlighted that the amount of ETH held in these addresses has almost doubled and might rise above 20 million ETH by year end. Several factors contribute to this high level of ETH accumulation. First, the approval of Ethereum-based exchange-traded funds (ETFs) earlier this year by the US Securities and Exchange Commission (SEC) gave the much-sought regulatory clarity and approval to the second-largest cryptocurrency by reported market cap. The analyst explains: As of October 18, 2024, US-based ETH spot ETFs hold total net assets worth $7.35 billion, representing almost 2.3% of Ethereum’s market cap. In the last week, ETH spot ETFs attracted $78.9 million in net inflows after two consecutive weeks of net outflows. 70% Of ETH Holders In Profit Data from IntoTheBlock shows that 70% of ETH holders are in profit, while 28% are in loss and 2% are at breakeven. Further, 74% of current ETH holders have held the digital asset for over a year, while 23% have held it for over a month but less than a year. These factors indicate that investors are not eager to part with their ETH holdings anytime soon. A majority of profitable holders may lead to increased buying pressure, potentially driving ETH prices higher. However, many holders realizing profits could also result in selling pressure, creating volatility. The case for heightened ETH volatility is strengthened by the recent sharp rise in open interest for the digital asset. Some crypto analysts are confident that ETH will re-test some of its crucial resistance levels before further upside movement. For instance, crypto analyst Carl Runefelt recently opined that if ETH breaks the $2,640 resistance level, it could initiate a significant price rally. ETH trades at $2,663 at press time, down 2.4% in the past 24 hours.

Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support. Ethereum started a downside correction below the $2,680 support. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Trims Gains Ethereum price remained stable above the $2,620 level like Bitcoin. ETH extended gains above the $2,650 resistance level to move further into a positive zone. However, the bears remained active near the $2,765 level. A high was formed at $2,765 and the price started a downside correction. There was a break below a key bullish trend line with support near $2,680 on the hourly chart of ETH/USD. The pair dipped below the $2,650 level. A low was formed at $2,626 and the price is now consolidating near the 23.6% Fib retracement level of the downward move from the $2,757 swing high to the $2,626 low. Ethereum price is now trading below $2,680 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,665 level. The first major resistance is near the $2,700 level. It is close to the 50% Fib retracement level of the downward move from the $2,757 swing high to the $2,626 low. A clear move above the $2,700 resistance might send the price toward the $2,725 resistance. An upside break above the $2,725 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,780 resistance zone in the near term. The next hurdle sits near the $2,840 level or $2,880. More Downsides In ETH? If Ethereum fails to clear the $2,680 resistance, it could start another decline. Initial support on the downside is near the $2,625 level. The first major support sits near the $2,600 zone. A clear move below the $2,600 support might push the price toward $2,550. Any more losses might send the price toward the $2,500 support level in the near term. The next key support sits at $2,440. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $2,600 Major Resistance Level – $2,680

Some traders in the crypto space have earned the status of key opinion leaders (KOLs) because of their ability to spot opportunities before anyone else in the market. One of these traders is this legendary Ethereum trader, who has predicted that the new token ETFSwap (ETFS) could replicate Dogecoin’s 2021 bull run in this market cycle. Legendary Ethereum Trader Says ETFSwap (ETFS) Will Replicate Dogecoin’s 35,000% Rise The legendary Ethereum trader has asserted that the ETFSwap (ETFS) token will replicate Dogecoin’s 35,000% rise in this bull run. Dogecoin (DOGE) is known to have enjoyed this massive price rally in the 2021 bull run as it rose to its current all-time high (ATH) of $0.7. The Ethereum trader caught this rally as he invested in Dogecoin in 2020, just before the meme coin took off. The Ethereum trader has now identified ETFSwap (ETFS) as the token that can enjoy such a price rally in this market cycle. As he invested in Dogecoin back then, the Ethereum trader is allocating a significant portion of his capital to ETFSwap’s ongoing presale. He looks to benefit from the token’s price gains when it replicates Dogecoin’s 35,000% rise. Why The Ethereum Trader Is So Bullish On ETFSwap (ETFS) The legendary Ethereum trader is bullish on ETFSwap (ETFS) because of its first-of-its-kind offering. The Ethereum trader earlier stated that any token that will replicate Dogecoin’s 35,000% rise needs to stand out, seeing as the crypto market has become saturated. He is confident that ETFS can enjoy this price rally from its current price of $0.03846 because the token will stand out in this market cycle. ETFS is the native token of ETFSwap, a decentralized investment platform revolutionizing global finance by tokenizing exchange-traded funds (ETFs) and enabling them to be traded on-chain. This makes investing in these traditional assets more straightforward and removes the barriers of conventional financial systems. The ETFSwap (ETFS) token plays a major role in this offering, as investors will need it to access these tokenized ETFs. They will swap the decentralized finance (DeFi) token for their desired ETF. The token also provides access to the crypto assets and commodities on the ETFSwap platform. As the Ethereum trader predicts, the ETFSwap (ETFS) ecosystem is set to gain much attention in this market cycle since it is the future of investments. With the platform offering securities and crypto trading, investors no longer need several platforms to gain exposure to different asset classes since they will be able to buy and trade all these assets on ETFSwap. Interestingly, the DeFi platform will offer 24/7 market coverage, allowing investors to buy, sell, and trade these ETFs anytime. This allows investors to benefit from the gains recorded after the stock market closes. ETFSwap (ETFS) is a market maker, so users can rest assured that their trades will be settled instantly and with minimal slippage. The platform is built on the Ethereum network, so users will also have access to the network’s unparalleled liquidity. DeFi’s beta platform already launched on the Ethereum testnet, so the mainnet launch is expected to happen anytime soon. When the beta platform launches, users will have access to these liquidity pools and can swap the ETFS token for their desired ETFs. It is worth mentioning that the ETFSwap (ETFS) token is the key to accessing other exciting features and benefits on the decentralized trading platform. For instance, token holders get first access to investment opportunities like the platform’s ETF, which launches next year. They are also eligible for monthly airdrops from the ETFS reward pool. Conclusion With ETFSwap (ETFS) set to replicate Dogecoin’s 35,000% rise and rally from its current price of $0.03846, early investors will enjoy a 350x return on their investment in the token’s crypto presale. Therefore, those who have yet to invest in the ongoing presale should do so quickly to enjoy life-changing gains like this Ethereum trader. Visit ETFSwap Presale Join The ETFSwap Community Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Solana (SOL) has finally broken above the $160 resistance, a critical level that has held the price down since early August. This breakout signals a confirmed uptrend, sparking excitement among investors as Solana continues to push higher. With the market showing renewed optimism, analysts set bullish price targets for Solana’s next potential moves. Top analyst and investor Carl Runefelt recently shared valuable insights on Solana’s outlook, boldly predicting that Solana could reach $370 in the coming months. He believes that the altcoin is set for a significant rally once Solana breaks above its current high timeframe bullish pattern. Investors are closely watching for confirmation of this bullish trend, anticipating further gains as Solana’s price action gains momentum. Solana’s recent breakout and positive market sentiment suggest a strong performance shortly. Solana Prepares For A Rally Solana is on the verge of a move, potentially reaching yearly or even all-time highs. The bullish outlook across the market continues to signal positive gains for SOL in the coming months. Crypto analyst Carl Runefelt recently shared a technical analysis on X, stating that Solana could go parabolic starting today. He highlights that SOL is breaking out of a massive Cup & Handle pattern, a classic bullish formation often seen on higher timeframes. Solana could rally toward a potential target of $370 if this pattern plays out. The Cup & Handle pattern is known for its reliability in signaling strong price movements, particularly when the handle completes and breaks upward. In Solana’s case, this breakout could lead to substantial gains, pushing the price to new highs. As the crypto market continues with momentum, SOL investors are optimistic about the potential price surge in the coming days. With the bullish sentiment surrounding Solana, the next few weeks could be crucial in determining whether SOL can maintain its trajectory toward new highs. Investors may see significant returns if Solana breaks out and benefits from the market’s bullish sentiment. SOL Testing Supply Solana trades at $166 after successfully breaking above the key $160 resistance level. However, it faced rejection at the $171 supply zone. This level previously acted as minor support in late July and is now a resistance. If SOL manages to break above this resistance, the next target would be a higher supply level (around $188), where investors are likely to take profits or reposition. While the recent price action suggests strength, a healthy retrace to test the previous $160 resistance as support wouldn’t surprise investors. Such a pullback could provide a stronger foundation for SOL’s continued bullish momentum. The overall market sentiment remains optimistic, with many cryptocurrencies experiencing upward movement, which could further fuel Solana’s price action. If SOL holds above $160, it could confirm the next rally, positioning Solana for a surge in the coming weeks. Breaking through the $171 resistance will be critical in determining whether SOL can maintain its bullish trajectory. Featured image from Dall-E, chart from TradingView

Bitcoin price extended gains above the $69,200 resistance zone. BTC is now correcting gains and trading near the $67,500 pivot level. Bitcoin struggled to test the $70,000 resistance zone and corrected some gains. The price is trading below $68,500 and the 100 hourly Simple moving average. There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a close below the $66,500 zone. Bitcoin Price Dips To Support Bitcoin price remained supported above the $66,500 zone. BTC started another minor increase above the $68,500 resistance zone. The bulls were able to clear the $69,200 barrier. However, there was no test of the $70,000 resistance zone. A high was formed near $69,428 and the price is now correcting gains. There was a minor decline below the $68,000 level. There was a break below key contracting triangle with support at $68,500 on the hourly chart of the BTC/USD pair. The pair tested the $66,500 support. It is now consolidating above the 23.6% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low. Bitcoin price is now trading below $68,500 and the 100 hourly Simple moving average. On the upside, the price could face resistance near the $68,000 level or the 50% Fib retracement level of the downward move from the $69,428 swing high to the $66,564 low. The first key resistance is near the $68,750 level. A clear move above the $68,750 resistance might send the price higher. The next key resistance could be $69,200. A close above the $69,200 resistance might initiate more gains. In the stated case, the price could rise and test the $70,000 resistance level. Any more gains might send the price toward the $70,500 resistance level. More Losses In BTC? If Bitcoin fails to rise above the $68,000 resistance zone, it could start another decline. Immediate support on the downside is near the $67,000 level. The first major support is near the $66,800 level. The next support is now near the $66,500 zone. Any more losses might send the price toward the $65,500 support in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $66,800, followed by $66,500. Major Resistance Levels – $68,000, and $68,500.

The latest weekly digital asset fund flow report from CoinShares has revealed that last week, crypto asset investment products saw roughly $2.2 billion in net inflows globally, marking the largest inflow since July. This rise in inflows comes amid the gradual recovery of top crypto assets last week, with the majority now reclaiming major highs and registering nearly double-digit gains over the past 7 days. Who Led the Charge? Bitcoin-based products were the standout beneficiaries of last week’s inflows. US spot Bitcoin exchange-traded funds (ETFs) added $2.1 billion, with BlackRock’s IBIT ETF alone generating over $1.1 billion. The cumulative inflows for these Bitcoin ETFs, which began trading in January, now stand at $21 billion. These funds have grown to manage a record $66 billion in assets under management, highlighting their significant role in the market. Notably, the renewed confidence in Bitcoin products mirrors earlier this year’s positive sentiment. Last week’s inflows were the largest since March, when US spot Bitcoin ETFs saw $2.6 billion as Bitcoin reached its all-time high above the $73,000 price mark. This strong demand suggests that investors remain bullish on Bitcoin’s long-term prospects, despite recent market fluctuations. While Bitcoin stole the spotlight, other cryptocurrencies also experienced inflows last week although way lesser than that of BTC. Ethereum-based products attracted $58 million in net inflows, while Solana, Litecoin, and XRP-based funds saw smaller inflows of $2.4 million, $1.7 million, and $700,000, respectively. However, multi-asset investment products did not fare well, experiencing net outflows of $5.3 million, ending a 17-week streak of consecutive inflows. What Prompted The Surge In Crypto Inflow? According to CoinShares, this surge in inflows is tied to growing optimism about the upcoming US elections, with a potential Republican victory driving investor sentiment. Many believe that a Republican administration would favor the digital asset market more favorably, leading to an increase in investor confidence and positive price momentum. James Butterfill, Head of Research at CoinShares, particularly noted: Notably, Butterfill, reiterated these views, adding that trading volume for these investment products surged by 30% last week. Total assets under management (AUM) for crypto funds are now nearing the $100 billion mark on a global scale, highlighting the substantial interest in digital assets. However, while US-based funds thrived, investment products in other countries such as Canada, Sweden, and Switzerland experienced net outflows, indicating a more polarized global market. Featured image created with DALL-E, Chart from TradingView

In order to engage the community with entertaining challenges, rewarding experiences, and informative information, Binance, the global blockchain ecosystem that powers the biggest cryptocurrency exchange in the world by trading volume and users, began the Halloween campaign today. Participants in the Binance Halloween Pumpkin Chase are invited to go on a scary journey throughout Binance product pages from October 21 to October 31, 2024. They may accomplish a number of objectives to split a $300,000 prize pool and get token voucher prizes of up to 8 USDC and 100 ACH. Users must take photos of Halloween-themed pumpkins on the Binance app or website, write a motivational tale about how they helped a friend or family member get over their cryptocurrency worries, and post the images on social media in order to be eligible to win the 10 BNB grand prize. Binance is also starting an educational effort as part of the mission to dispel the most common misconceptions about the cryptocurrency industry. A number of blogs addressing important subjects including security, legislation, and the actual worth of digital assets are part of the campaign. These blogs are intended to provide cryptocurrency enthusiasts—especially newcomers—a better understanding of the dynamic world of digital currencies. Every blog offers credible data to assist readers in making wise choices so they may comfortably traverse the cryptocurrency landscape. The blogs also provide pertinent connections to other Binance Academy blogs, which provide further information and insights for those who want to go deeper. Rachel Conlan, Chief Marketing Officer at Binance stated: Please visit https://www.binance.com/en/activity/mission/pumpkinchase for further details on the Binance Halloween Pumpkin Chase.

Alan Santana, a crypto analyst on TradingView, has predicted that the Bitcoin price could potentially experience a drastic decline to new lows around $35,720, driven by muted buying volume. The analyst has declared that the current state of the market is bearish, highlighting potential manipulation from whale investors. Bitcoin Price Could Crash To $35,720 According to Santana, Bitcoin has witnessed 75 days of bullish activity but has not reached projected new price peaks, currently trading within a lower high below $70,000. While the cryptocurrency did hit an All-Time High (ATH) in March, surging past $73,000, Santana has concluded that the general market has become relatively bearish. He disclosed that most of the Bitcoin price action between August 5 and to present day is forming part of an inverted correction, which suggests that prices have been rising but without reaching new peaks. Santana also declared that the current Bitcoin price action confirms that there is no bullish momentum. He attributed this lack of momentum to muted whale activities, highlighting that there are currently no buyers or buying volume at the current market level. Due to these bearish conditions, Santana has predicted that Bitcoin could end up crashing to $35,720, representing a massive 46.68% decrease to new lows. This also means that Bitcoin’s price will drop by almost half, triggering panic and fear amongst retail and whale investors. Contrary to Santana’s bearish analysis, the price of Bitcoin is up by 5.56% and trading at $68,203, according to CoinMarketCap. The cryptocurrency is gradually increasing to reach the $70,000 mark, driven by positive changes in market sentiment and the historically bullish Q4. Although Santana has stayed firm in his bearish predictions of Bitcoin due to limited buying power, the analyst has also received severe backlash from various crypto community members. One member criticized Santana’s bearish Bitcoin prediction, suggesting that there were flaws in his analysis. Others accused the analyst of attempting to manipulate investors by using a Bitcoin chart from a Blofin exchange, which typically has lower transaction activity. Bitcoin Market Manipulation And Bears Despite the heat from crypto members, Santana believes that market manipulation has led to the current bearish price action in Bitcoin. The analyst highlights that Bitcoin’s price can be artificially manipulated by large holders or so-called Whales. He stated that these whales can push the price of Bitcoin up hoping that retail investors will dive into the market and buy, ultimately triggering a bullish wave. According to Santana, if there are no genuine Bitcoin buyers, the alleged manipulation could backfire, possibly leading to losses for said market manipulators. Santana has revealed that retail investors are no longer easily fooled into buying Bitcoin at the top, showing more caution due to previous cycles of manipulation and hype. He also disclosed that buyers are not swayed by exaggerated predictions of substantial future gains by analysts, claiming that Bitcoin could reach $3,000,000.

London, UK, October 21st, 2024, Chainwire ApeExpress has officially launched on ApeChain, offering a streamlined platform for users to create and deploy tokens quickly, tapping into meme culture and emerging trends. This new service allows anyone to launch tokens with ease, enhancing accessibility within the Yuga Labs ecosystem. $BORED Among Top Tokens Launched on ApeExpress One of the first tokens to debut on ApeExpress, $BORED has gained significant traction. Initially priced at $0.002, $BORED experienced rapid growth, reaching an all-time high of $0.023—an increase of over 1000%. Following this surge, $BORED attained a market cap of $22 million, later stabilizing at $14 million, positioning it as one of the leading meme tokens on ApeChain. $BORED’s success is driven by its native fit to the ApeChain narrative, drawing inspiration from the Bored Ape Yacht Club (BAYC) NFT project. With strong community backing and strategic positioning, $BORED has the potential to become a central meme token within the ApeChain ecosystem. Outlook for $BORED and ApeChain’s Meme Token Ecosystem While $BORED’s initial rise has been notable, its future performance remains uncertain, as with all digital assets. Its early success highlights the potential for meme tokens on ApeChain, driven by strong branding, community engagement, and market interest. For ongoing updates and community interaction, users can follow @boredonape on X or buy $BORED here. About $BORED $BORED is the premier meme coin on ApeChain, inspired by the iconic Bored Ape Yacht Club (BAYC) and designed to capture the fun, irreverence, and community spirit of the digital age. Launched on ApeExpress, $BORED combines the power of memes with the scalability and speed of ApeChain, creating a token that is as easy to trade as it is to enjoy. About ApeExpress ApeExpress is a newly launched platform within the ApeChain ecosystem that allows users to quickly create and launch custom tokens. ApeChain is part of the Yuga Labs ecosystem, which is widely recognized for its influence in the NFT and Web3 space, particularly through projects like the Bored Ape Yacht Club. Contact BORED [email protected]

Dubai, United Arab Emirates, October 21st, 2024, Chainwire SuiHub Dubai is the first in a global series of hubs designed to support blockchain developers and entrepreneurs. The center is located in Expo City Dubai, a key tech hub in the region, to foster collaboration and innovation. Ghaf Studios and Sui aim to provide resources and funding to local Web3 founders and builders as part of a broader push for regional growth. Sui, the Layer 1 blockchain known for its industry-leading performance and scalability, today announced the opening of its first SuiHub in collaboration with Ghaf Group, the leading blockchain partner in the MENA region. The center will be the first of several planned hubs worldwide, with Dubai strategically chosen as the first SuiHub location due to its thriving tech ecosystem and commitment to innovation. The new hub, located in Expo City Dubai, will play a pivotal role in Sui’s mission to build a global network of Sui workspaces and community centers that empower builders to create decentralized applications and advance blockchain technology. Specifically, SuiHub Dubai will provide Web3 startup founders access to workshops, technical support, and community-driven events, as well as resources, funding, and technical expertise, ensuring they have the support needed to launch and scale their projects using Sui’s blockchain infrastructure. The hub is expected to further cement Sui’s role as a leading platform for Web3 development in the MENA region, particularly as Dubai continues its rapid adoption of blockchain technologies. The Expo City site, chosen to be the home of the new hub, has been recognized as a key location for companies focusing on cutting-edge technology, making it the perfect setting for SuiHub Dubai’s launch. The opening of SuiHub Dubai further strengthens Sui’s presence in the region, building on earlier initiatives such as the partnership with the American University of Sharjah (AUS) in early 2024, which launched the AUS-Sui Blockchain Academy. Additionally, Sui’s recurring community networking events, such as Sui Connect, have already laid the foundation for deeper engagement and collaboration with local developers, builders and enthusiasts. With this launch, Sui reaffirms its commitment to building a decentralized, builder-led ecosystem that supports developers across multiple regions. More hubs are expected to be announced in the near future, each designed to provide localized support and resources for blockchain developers building on the Sui platform. Contact Sui Foundation [email protected]

SOL price up 5% in a week, trading at $164. Key resistance levels: $171, $186.32, and $200. Open Interest at $2.31 billion, highest since August 1. Solana (SOL) has emerged as a standout performer in the cryptocurrency market, registering a decent 5% price increase over the past week. Currently trading at $164, SOL finds itself on the cusp of a crucial resistance level at $171. A successful breach of this threshold could potentially catalyze further upward movement, with subsequent targets at $186.32 and the psychologically important $200 mark. Technical analysis of SOL’s one-day chart reveals compelling evidence of surging demand for the altcoin. The Relative Strength Index (RSI), a key momentum indicator, currently stands at 68.50 and is trending upward. Source: TradingView While this reading approaches overbought territory (typically considered above 70), it signifies sustained buying pressure that has been driving SOL’s price appreciation. Solana’s open interest surges Complementing the RSI’s bullish signal, Solana’s Open Interest has experienced a dramatic surge, reaching $2.31 billion – its highest level since August 1. This metric, which has risen 29% since October 18, measures the number of outstanding derivative contracts. The simultaneous increase in open interest and price typically indicates a robust uptrend supported by significant market participation. Notably, the composition of this rising open interest appears to favor long positions, as evidenced by Solana’s positive funding rate of 0.012%. This metric suggests that traders are predominantly betting on further price appreciation rather than a decline, potentially setting the stage for continued upward momentum. Looking ahead, if SOL maintains its current trajectory, a breach of the $171.74 resistance level could pave the way for further gains. The next significant hurdle lies at $186.32, with a potential push towards $209.90 – a price point not seen since March – should bullish sentiment persist.

Analyst Dr. Pastet identifies potential XRP rally window for late December 2024 to early January 2025. Chikou Span tracing and thinning Kumo cloud suggest possible bullish breakout. Short-term analysis points to key resistance at $0.6086 and support at $0.4870. XRP finds itself at a critical juncture as Ichimoku Cloud analysis reveals a potential rally window in the coming year. Analyst Dr. Pastet, known for his expertise in Ichimoku Cloud interpretations, has pinpointed a period spanning late December 2024 through early January 2025 where XRP may experience significant price movement, provided current market conditions persist. The Ichimoku Cloud, a comprehensive technical indicator comprising elements such as the Kumo cloud, Tenkan-Sen, Kijun-Sen, and Chikou Span, offers valuable insights into XRP’s price structure. Dr. Pastet’s analysis particularly emphasizes the role of the Chikou Span tracing in forecasting potential market dynamics. Throughout 2024, XRP has predominantly traded within a range of $0.46 to $0.65, occasionally breaching $0.70 or dipping towards $0.40. This choppy consolidation pattern, evident from the numerous wicks on the weekly chart, indicates market indecision. However, the persistent Chikou Span tracing suggests a potential shift in this pattern. XRP could rally by December Dr. Pastet predicts that if the Chikou Span maintains its current trajectory, XRP could initiate a major rally as early as late December 2024, with early January 2025 marked as a crucial period. The analyst anticipates a “vertical giga send” that could materialize unexpectedly, aligning with the thinning of the Kumo cloud around the first week of January 2025. The confluence of the Chikou Span tracing and the thinning Kumo cloud enhances the probability of an upward breakout, provided Ripple maintains its current price levels in the coming months. This setup is particularly potent if XRP continues to consolidate around its current range into the week starting December 30, 2024. Complementing this long-term outlook, analyst TraderSZ provides a short-term perspective on XRP’s price action. His analysis identifies key levels such as $0.6086 acting as mid-range resistance and $0.4870 as strong support. TraderSZ has initiated a long position near the $0.5480 level, anticipating a potential bullish move.

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform. DeFiLlama says the platform manages over $109 million worth of assets. It continues to expand and improve as decentralized financial services find traction. Stacks Network Activating Nakamoto On October 29 Over five years after launching, the network is preparing for one of its most important upgrades: Nakamoto. Analysts and platform supporters claim this update would have far-reaching implications, especially for its ecosystem. The team said the latest update would go live on October 29. Most importantly, the transition will introduce features that boost throughput and security. On scalability, Stacks might be looking to march Ethereum layer-2s that currently process transactions cheaply and can host transaction-intensive dapps. Once the upgrade activates, Stacks will decouple from the Bitcoin block production speed of roughly 10 minutes. The decoupling will see the platform process transactions within seconds. The change means Stacks will handle more transactions, process them faster, and improve the user experience. However, the team said this decoupling won’t mean the end of the relationship between stackers and Bitcoin miners. In the team’s view, not only will the collaboration be enhanced, but Stacks as a layer-2 will be more decentralized and, therefore, robust. Since Stacks is a layer-2, relying on Bitcoin for security, all transactions would still have to be confirmed on the base layer. Accordingly, though its transaction mining will be decoupled from the layer-1, all transactions will be finalized on the Bitcoin mainnet. This confirmation will be irreversible, leading to better security without the risk of transaction reversals. STX Moving Inside A Mega Consolidation: Will Bulls Break $2? As bullish as the Nakamoto upgrade may be, STX, the native token, is flatlining. From the daily chart, the coin is stuck inside a mega consolidation from early July. STX prices are moving between $1.20 and $2. The token has steadily recovered after crashing in early August, adding nearly 60%. Nonetheless, for the uptrend to take shape and buyers to initiate steps of peeling back March to July losses, there must be a decisive breakout above $2. If this leg up is with rising volume, it could trigger a wave of higher highs, mirroring those from early Q4 2023 to mid-March. STX may soar to $4 in that event, nearly doubling from September highs.