Bitcoin is at a pivotal moment after surging past the $68,000 mark and setting a new local high, confirming its bullish uptrend. Analysts and investors closely monitor the next steps, searching for signs of a continued rally or a potential retrace from higher supply levels. While the excitement is palpable, there is caution as traders prepare for possible resistance. Top analyst Daan shared a technical analysis highlighting that Bitcoin has broken out of an accumulation channel, suppressing the price. According to Daan, this breakout above the $68,000 resistance level signals a potential for further upside as Bitcoin moves into uncharted territory. The next few days will determine whether BTC can maintain its momentum or will face a healthy pullback from these higher levels. With euphoria clashing with fear of a correction, investors are keen to see whether Bitcoin can continue its upward trajectory or if the market will see a pause in the rally. Bitcoin Break Out: New ATH Next? The crypto market is optimistic, as Bitcoin and most altcoins have surged from yearly lows to yearly highs in just a few weeks. Analysts are now speculating that this could be the start of something big—a rally that could propel prices to new highs and deliver massive gains to investors. Despite the excitement, there is also a lingering fear of an impending correction. Historically, Bitcoin has struggled to maintain momentum above supply near $70,000, often facing strong rejections that lead to sharp declines. However, top crypto analyst and investor Daan recently shared a technical analysis on X, explaining why this recent breakout might differ. According to Daan, Bitcoin has finally broken out of a 7-month accumulation pattern that had kept prices down, signaling a significant shift in market dynamics. Furthermore, BTC has managed to break well above the Daily 200 moving average (MA) and exponential moving average (EMA), key technical indicators that had previously caused resistance since the summer. With the short-to-mid timeframe trend firmly up, Daan believes this bullish outlook may suggest that Bitcoin could avoid another rejection near $70,000. Instead, BTC might be gearing up for a powerful surge, with investors eyeing new all-time highs in the coming weeks. BTC Technical Analysis Since Monday, Bitcoin has tested a crucial supply zone following a strong 9% surge. The price is trading well above the Daily 200 moving average (MA) and exponential moving average (EMA), signaling strength and maintaining bullish momentum with no immediate signs of a retrace. This indicates buyers remain in control for now, with a potential push to break above the psychological $70,000 level. However, there’s still a risk that Bitcoin could fail to break and hold the $70,000 mark, which is critical for bulls to maintain upward momentum. A rejection at this level could signal a shift in market sentiment, potentially leading to profit-taking and consolidation. Historically, such moments of euphoria in the market often end with a discouraging move that cools down excitement, and a healthy retrace is possible. Should BTC experience a pullback, it’s likely to find strong support at the daily 200 MA around $63,304. This level has acted as a key indicator of support in previous uptrends. It could provide a solid foundation for the next leg up if the price corrects before resuming its bullish trajectory. Featured image from Dall-E, chart from TradingView

The idea of the XRP price reaching $1,000 has once again gained traction as a social media platform X user called Drewski called for the Ripple community to unite in driving XRP to the unprecedented price level. While Drewski’s post reignited the conversation, the $1,000 price target is far from new, as it has been a goal shared by many XRP investors for years. Bold $1,000 Price Target For XRP Drewski’s comment on XRP echoes the entire cryptocurrency investor community. Particularly, it can be inferred that the investor is confident that the combined strength of the Ripple community can trigger a historic price surge for XRP. Interestingly, the bullish price target for XRP is primarily driven by sentiment rather than technical analysis. However, XRP is no stranger to very bullish price targets when viewed through the lens of technical analysis. For instance, renowned crypto analyst EGRAG CRYPTO has provided analysis indicating that XRP could be on a trajectory towards $27. In another technical analysis, the analyst highlighted the possibility of XRP surging further to $99. How Feasible Is The $1,000 Price Target? While the prediction is exciting, there are skeptics who question whether XRP can realistically reach $1,000. Critics highlight the enormous market capitalization required to reach this level. For XRP to hit the $1,000 mark, it would either need to achieve a market cap of $99.99 trillion based on its current total supply or burn most of its supply. Many critics are also quick to point out the regulatory uncertainties surrounding XRP and Ripple. If you ask many crypto participants, many will call XRP dead, considering the crypto has performed poorly than many expected in recent years. Currently, XRP is trading at a fraction of the $1,000 target. At the time of writing, XRP is trading at $0.5515. The cryptocurrency has been down by 0.7% in the past 24 hours but remains up by 2.5% in a seven-day timeframe. Related Reading: Bitcoin Price To $95,000? Here’s What Needs To Happen First To reach the price target, XRP would need to go on a 1,800x price surge from the current level, which would make many of its holders multi-millionaires. Therefore, the prospect of such a move has kept the dream of a $1,000 price target alive for many XRP enthusiasts. A more realistic dream would see XRP break above the $1 mark before reaching the double-digit threshold at $10. For XRP to go on a steady rally, it would need to continue growing in adoption in the traditional financial system. Furthermore, a final resolution to the ongoing Ripple-SEC lawsuit is needed, as achieving regulatory clarity could bring the dream of a $1,000 XRP closer to reality than ever before.

Dogwifhat (WIF) has resumed its upward trajectory, with the price approaching the key $2.89 level as bulls take back control. After a period of consolidation, renewed buying pressure has fueled the meme coin’s rise, signaling that momentum is once again favoring the bulls. With increased buying pressure and positive market sentiment, WIF is showing signs of an impending uptrend. As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market dynamics, this piece seeks to evaluate whether the current bullish momentum is strong enough to push WIF past the $2.89 resistance, signaling the potential for further upward movement. Market Sentiment Shifts: Bulls Take Charge As Buying Pressure Increases WIF has consistently held its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling upside movement. Recently, the asset experienced a rebound from the $2.45 support level, further enhancing positive market sentiment. If the price remains above the SMA, it could establish a solid foundation for another upward movement toward the $2.89 resistance level. This combination of support and bullish arrows suggests that WIF is well-positioned for more gains in the near term. An analysis of the 4-hour Relative Strength Index (RSI) indicates renewed upside potential, with the RSI climbing to 49% after previously dipping to 41% suggesting that buying momentum is gaining strength as the market shifts from a bearish phase toward a more neutral stance. Additionally, the daily chart shows that WIF is facing significant upward pressure, as evidenced by attempts to form bullish candlesticks. This positive trend is further supported by the asset’s position above the critical $2.20 support level and the 100-day SMA. As WIF continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it nears the $2.89 mark. Lastly, the RSI on the daily chart is currently at 58%, having recently recovered from a dip to the 56% threshold. Should the RSI continue to climb, it could signal further strength in WIF’s price action. Furthermore, a sustained move above the 60% mark could enhance the likelihood of continued upbeat momentum and potential breakouts, reinforcing the positive outlook for the asset. Key Resistance At $2.89: Can WIF Break Through? WIF’s price could reach the $2.89 resistance level if it demonstrates sustained bullish pressure, bolstered by strong buying volume and positive market sentiment. A successful breakout above $2.89 may pave the way for further gains, possibly leading to new highs and increasing investor interest. Conversely, if WIF fails to break through this level, it could lead to a pullback, causing the price to drop toward the $2.25 support level. Should it fall below this mark, the meme coin may continue its decline, potentially targeting the $1.50 level and beyond.

Montenegro plans to finalize Do Kwon’s extradition by the end of this week. Montenegro convicted Do Kwon of forgery, and he served a six-month sentence. The legal saga of Do Kwon, the co-founder of Terraform Labs, is nearing a major turning point. Montenegro’s Justice Minister, Bojan Božović, has confirmed that a decision regarding Kwon’s extradition is expected by the end of this week, Oct 19. Do Kwon has been held in Montenegro custody since March 2023, after he was arrested at Podgorica airport for using forged travel documents alongside Terraform CFO Han Chang-joon. In February 2024, authorities extradited Chang-Joon to South Korea after he completed his sentence. But Kwon remains in Montenegro, where he faced conviction for forgery and served six months in prison. However, the upcoming decision on his extradition comes after months of legal wrangling, with South Korean authorities pushing to bring him back to face charges. The Fallout from Terra’s Collapse: Legal Implications for Do Kwon Do Kwon’s involvement in the collapse of TerraUSD (UST) and LUNA in 2022 has made him a key figure in one of the crypto industry’s largest scandals. The collapse wiped out billions of dollars, causing financial damage for investors worldwide. If South Korea extradited Do Kwon, he would face multiple lawsuits and criminal investigations related to his involvement in Terraform Labs. The U.S. regulators are also waiting to prosecute Kwon. They seek to charge him with securities fraud and money laundering, which could lead to a harsher sentence compared to South Korea. Meanwhile, Terraform Labs reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC), agreeing to wind down operations and liquidate its assets. This case has drawn international attention. Investors are eager to see how justice will unfold for those affected by the Terra (LUNA) collapse. Before the collapse, Terra (LUNA) ranked among the top five cryptocurrencies. Highlighted News Of The Day Is POPCAT Poised for New Heights Following Recent Rally?

Ethereum, once hailed as the World Computer, now faces a critical crossroads. A recent article from CoinDesk shares that the network’s original vision is at risk. Ethereum has become sidetracked by chasing trends like faster execution speeds and the “ultra-sound money” narrative, while losing focus on what made it revolutionary. The question of whether Ethereum has lost its way as the ecosystem contends with slow progress and increasing competition from blockchains like Solana and Bitcoin. Even Ethereum Team Lead Péter Szilágyi has said, “Ethereum is losing the plot.” As inflation rises and the token price remains below its 2021 high, it’s evident that Ethereum must re-focus. But what’s the path forward? The Solution: Refocus on Infrastructure The article points out that Ethereum’s true strength has always been its infrastructure, enabling anyone to build decentralized apps. But short-term dApp hype, limited user growth, and siloed activity in L2s are detracting from its long-term vision. With major upcoming upgrades like Pectra and The Purge coming in late 2024, Ethereum will become leaner by purging old historical data. However, this introduces the risk of centralizing that data, undermining the network’s decentralization goals. Covalent’s Ethereum Wayback Machine Light Client Covalent’s Ethereum Wayback Machine (EWM) is designed to safeguard Ethereum’s historical data, ensuring it remains decentralized and accessible—even as the network purges older data. To bolster this effort, Covalent has just launched its EWM Light Client Testnet, providing a crucial tool for maintaining decentralization. Now live, the Light Client Testnet enables participants to help strengthen Ethereum’s long-term data availability by playing a key role in protecting Ethereum’s decentralization and ensuring the network remains true to its original mission of being the World Computer. Read the full article on CoinDesk. About Covalent Covalent is the leading modular data infrastructure layer dedicated to solving major challenges in blockchain and AI, including verifiability, decentralized AI inference, and Long-Term Data Availability. Its large reservoir of structured, verifiable data enhances decentralized training and inference, reducing the risk of manipulated or biased AI models. Additionally, the Ethereum Wayback Machine ensures secure, decentralized access to Ethereum’s transaction data. Trusted by over 3,000 leading organizations, Covalent powers AI, DeFi, GameFi, and more with unfettered access to on-chain data from over 200 blockchains. Learn about the EWM: Technical | Non-Technical For more information, check out Covalent’s: Official Website | Twitter/X | Linktree 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.

Limocoin, the pride of African innovators, has embarked on a bold exploration of the Asian market, illustrating once again the growing attraction of digital currencies in this region. Building on its resounding success in Singapore three weeks ago, the Limocoin team has set its sights on India, the focal point of the INDIA BLOCKCHAIN SUMMIT. During this major event, the CEO of Limocoin, Emile Parfait Simb, detailed the vision, mission and innovative features of this token, which is the pride of many Africans. In front of an audience of more than 2,000 people on 17 October 2024, Simb reaffirmed the company’s lofty goal: ‘To create one million crypto-millionaires to finance major structuring projects in Africa’. Limocoin is distinguished not only by its African origin, but above all by its practical use as a utility token. It offers its users the possibility of acquiring goods and services anywhere in the world, tangible proof of its significant growth. Simb’s invitation is clear and enthusiastic: ‘Don’t hesitate to follow us, buy your Limocoin on Coinstore and save them for the future. Give us a few years, and you’ll be amazed at the results’. The Limocoin world tour isn’t stopping there. Upcoming stops include Australia, the Philippines, Dubai, Qatar, Malaysia and other strong Asian markets. In addition, a much-anticipated announcement is already creating a buzz: the forthcoming launch of the LIMOCARD, with the support of MasterCard. In short, Limocoin continues to write its history, making its way across Asia while keeping an eye on its ultimate goal: supporting African innovation. Join us: Website: https://www.liyeplimal.net/ Twetter: https://x.com/limocoinswap Facebook: https://www.facebook.com/LimocoinSwapofficiel/ telegram: https://t.me/limocoinswapofficial 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.

Popcat’s price surged 9%, driven by community sentiment and futures interest. Over 80,000 holders indicate growing investor confidence. Popcat (POPCAT), the Solana-based memecoin, has surged to the 56th position in market capitalization, overtaking competitors TIA and OM. The token has seen a significant 9% rise over the past 24 hours, propelled by improved community sentiment and a notable increase in futures open interest. Trading volume has surged by 56%, reflecting heightened investor interest, while it has skyrocketed 98% in the past month, drawing the attention of the broader crypto community. Data from CoinMarketCap indicates that sentiment among investors remains predominantly bullish regarding Popcat’s future. The token’s recent price rally coincides with a 21% spike in open interest in the futures market over the last 24 hours, according to CoinGlass. Moreover, the number of Popcat holders has surpassed 80,000. On the technical front, the 1D POPCAT/USDT chart reveals that the price is trading above its middle Bollinger band, suggesting a continuation of the bullish trend. The Relative Strength Index (RSI) has dropped to around 60, indicating room for further gains before entering overbought territory. What is Ahead For POPCAT? Analysts are closely monitoring Popcat‘s price action. Trading Tank, a pseudonymous market analyst, highlighted a critical resistance level at $1.54, the neckline of a bullish double-bottom pattern. If it breaches this level, it could reach new highs in the short term, with potential targets of $1.9250, $2.3850, and $3.310. POPCAT Price Chart, Source: Sanbase However, POPCAT has experienced price corrections alongside major cryptocurrencies like Bitcoin and Ethereum. For continued upward momentum, it needs to maintain a price above $1.1735, as falling below this level could lead to a significant decline. Overall, the combination of strong community support, rising open interest, and positive technical indicators positions it as a notable contender in the cryptocurrency landscape. Highlighted News Of The Day Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump

ParallelAI is going to greatly expand upon the GPU compute that it presently accesses via IO Cloud. The decentralized GPU computing capabilities of io.net will be thoroughly integrated into ParallelAI’s platform. GPU DePIN io.net has made the announcement that it has entered into a strategic relationship with ParallelAI, which is the leading provider of solutions for optimizing parallel processing for artificial intelligence developers. Through the partnership between the two organizations, the decentralized GPU computing capabilities of io.net will be thoroughly integrated into ParallelAI’s platform. ParallelAI is going to greatly expand upon the GPU compute that it presently accesses via IO Cloud in the form of A100s by forming a partnership with io.net. Because of this, ParallelAI will be able to grow its platform in order to provide artificial intelligence developers with the computational resources they demand for operations like as LLM training, conducting inference on trained models, and distributed deep learning activities. Additionally, in accordance with the conditions of the collaboration, io.net and ParallelAI will work together on research and development. By combining their individual skills and areas of expertise, the partners will work toward the goal of pushing the technological boundaries of GPU cloud computing and developing solutions that establish new standards for both performance and efficiency. ParallelAI is a tool that helps speed the development of artificial intelligence by enabling developers to write high-level code before entrusting ParallelAI with the responsibility of managing parallel computing across several GPUs and CPUs. This may cut the amount of time needed for calculation by up to twenty times and greatly cut expenditures. Parallel AI will be able to grow its company without encountering bottlenecks or disruptions in service if it is able to have access to decentralized GPU clusters on demand using IO Cloud. As a consequence of this, customers of ParallelAI are able to take advantage of the assurance of access as well as the capability to access compute in order to effectively handle intense AI workloads. Computing power for artificial intelligence use cases is provided by IO Cloud, which offers savings of up to 90 percent in comparison to typical cloud services. io.net’s cooperation with ParallelAI will make it possible for the company to increase its share of the market for AI/ML developers while simultaneously reducing the amount of money spent on hardware and infrastructure maintenance. Furthermore, it will be a driving force behind innovation within the decentralized artificial intelligence field by means of the creation of collaborative technologies between io.net and ParallelAI. These technologies have the potential to fuel the subsequent wave of AI solutions that are revolutionary. Because it is a decentralized distributed compute network, io.net makes it possible for machine learning engineers to deploy a GPU cluster of any size in a matter of seconds at a fraction of the cost that is required by centralized cloud providers. There are numerous places from which io.net obtains computing resources, and then it deploys those resources into a single cluster at a vast scale. The training, fine tuning, and inference processes for a broad variety of machine learning models have been effectively handled by io.net. To make better use of available computing resources, ParallelAI is an advanced artificial intelligence language platform. ParallelAI was developed specifically for companies that are experiencing performance challenges. It employs cutting-edge parallel processing methods to promote efficiency, so assisting organizations in doing more while simultaneously decreasing the need for massive infrastructures.

Radiant Capital lost over $50 million in a cyber attack on October 16, 2024. Malicious Trojans misled team members into signing unauthorized transactions. Radiant Capital, a cross-chain lending protocol backed by Binance Labs, fell victim to a serious cyber attack. It resulted in losses exceeding $50 million in cryptocurrency On October 16, 2024. This incident underscores the significant vulnerabilities within decentralized finance (DeFi) platforms. Attackers gained control of the private keys belonging to multiple signers and subsequently manipulated smart contracts. As a result, they executed unauthorized transactions, compromising the security of the platform. The sophistication of this attack distinguishes it from previous breaches. Hackers successfully implanted Trojans on the computers of several team members. This malicious software misled developers by showing legitimate multisig data, causing hardware wallets to sign harmful transactions without the team’s awareness. How is Radiant Capital Responding to the Cyber Attack? In light of this major breach, Radiant Capital is collaborating with the FBI and cybersecurity experts to recover the stolen funds. The company is focused on strengthening its security measures by implementing stricter verification protocols and introducing new cold wallet addresses. Additionally, Radiant has reduced the number of signers required for multisig transactions to enhance oversight. Users have been advised to revoke any existing approvals for tokens associated with the protocol to protect their remaining assets. The attacker’s wallet reportedly held over $32 million in Arbitrum based assets and about $18 million in BNB Chain tokens, further complicating the recovery efforts. Daniel Von Fange in a recent tweet mentioned that this incident serves as a stark reminder of the ongoing vulnerabilities faced by DeFi platforms. The attack’s complexity raises serious questions about the adequacy of current security measures. Moreover, the breach emphasizes the need for continuous vigilance and proactive security enhancements within organizations to prevent similar incidents in the future. Highlighted Crypto News Today Dogecoin (DOGE) Strengthens Ground Amid a 9% Price Jump

According to market analysis, XRP might be near to having a significant price blowup. The next altcoin season could go anywhere from 10x to the amazing 500x, experts believe. Two important charts by renowned market analyst Kevin Cage on XRP’s relationship with Bitcoin’s supremacy in past bull markets form the basis of this favorable prediction. Recently, financial analyst Gary Cardone generated enthusiasm within the XRP community with a cryptic tweet suggesting a possible “launch” for the cryptocurrency. Historically, Bitcoin’s market dominance has significantly influenced the performance of altcoins, such as XRP. When Bitcoin’s dominance declines, altcoins frequently experience significant increases. This trend was apparent in previous altcoin seasons, as XRP flourished when Bitcoin’s market dominance diminished. Proponents such as Zach Rector assert that XRP is poised for a substantial breakout, bolstering the belief that the token’s future may be promising. Historical Performance Indicates Potential Cage emphasizes two critical epochs in XRP’s history. During the 2017 bull market, XRP surged more than 500-fold, increasing from $0.006 to $3.50 by early 2018. This increase occurred as Bitcoin’s dominance decreased from 95.91% to 35.46%. Altcoins including XRP surged significantly when Bitcoin fell, grabbing the chance to shine. Though delisted from multiple exchanges and facing legal challenges from the US SEC, XRP had an incredible 10x gain in value during the 2021 bull run. It increased from $0.18 to $1.96 with a corresponding decrease in Bitcoin’s supremacy, which fell from 73.51% to 39.54%. These historical examples demonstrate a distinct trend: XRP typically excels when Bitcoin declines. Altcoin: Market Dynamics Currently, Bitcoin’s dominance is approximately 58%, having recently increased. Should its dominance begin to wane once more, according to previous cycles, XRP may be poised for another substantial price surge. A tenfold rise is possible, which would push XRP above $5. This shows that altcoin seasons are still a big reason for the token’s price changes. Even though these predictions are getting a lot of attention, it’s still not clear how much XRP will rise. Things like the present lawsuits against Ripple could change how the market works. The SEC’s recent appeal in its case against Ripple makes things more complicated. It makes the legal fight last longer and makes investors less sure of what will happen. Community Discourse And Speculation The XRP community is full of speculations. Cardone’s tweet made while using military imagery indicated some kind of upcoming development for XRP. Some members of the community seemed to take it as good news. Supporters of XRP, such as Zach Rector, interpreted Garry’s tweet as an indication of the growing recognition of the altcoin. “Gary is hopping onboard the XRP train,” he remarked. Featured image from HTX, chart from TradingView

Bullish NEO price prediction for 2024 is $12.13 to $16.84. Neo (NEO) price might reach $50 soon. Bearish NEO price prediction for 2024 is $6.20. In this Neo (NEO) price prediction 2024, 2025-2030, we will analyze the price patterns of NEO by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Neo (NEO) Current Market Status What is Neo (NEO)? NEO 24H Technicals NEO (NEO) PRICE PREDICTION 2024 Neo (NEO) Support and Resistance Levels Neo (NEO) Price Prediction 2024 — RVOL, MA, and RSI Neo (NEO) Price Prediction 2024 — ADX, RVI Comparison of NEO with BTC, ETH NEO (NEO) PRICE PREDICTION 2025, 2026-2030 CONCLUSION FAQ Neo (NEO) Current Market Status Current Price $10.45 24 – Hour Price Change $10.45 24 – Hour Trading Volume $26.65M Market Cap $737.44M Circulating Supply 70.54M NEO All – Time High $196.85 (On Jan 15, 2018) All – Time Low $0.07229 (On Oct 21, 2016) NEO Current Market Status (Source: CoinMarketCap) What is Neo (NEO) TICKER NEO BLOCKCHAIN Ethereum CATEGORY Decentralized blockchain LAUNCHED ON February 2014 UTILITIES Governance, security, gas fees & rewards NEO is a governance token of Neo. Neo is a blockchain ecosystem intended to be used in the development of a smart economy. The Neo Blockchain was first introduced in 2014 under the name Antshares. Three years later, in 2017, the project rebranded as Neo, its current name. There are two native tokens in Neo. NEO, as well as NEO GAS. NEO is used to establish ownership and management roles in the blockchain, while NEO Gas is used to pay for blockchain transactions. Neo 24H Technicals (Source: TradingView) Neo (NEO) Price Prediction 2024 Neo (NEO) ranks 91st on CoinMarketCap in terms of its market capitalization. The overview of the Neo price prediction for 2024 is explained below with a daily time frame. NEO/USDT Ascending Triangle Pattern (Source: TradingView) In the above chart, Neo (NEO) laid out an Ascending Triangle. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs, indicating a consistent level of resistance, and a lower trendline that connects the rising lows, reflecting increasing buying pressure. As the price approaches the apex of the triangle, the tension between buyers and sellers intensifies. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern, often leading to further gains. Traders typically look for confirmation of the breakout, which can enhance the likelihood of a successful upward move. At the time of analysis, the price of Neo (NEO) was recorded at $10.48. If the pattern trend continues, then the price of NEO might reach the resistance levels of $12.14 and $18.74. If the trend reverses, then the price of NEO may fall to the support levels of $9.36 and $7.57. Neo (NEO) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Neo (NEO) in 2024. NEO/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Neo (NEO) for 2024. Resistance Level 1 $12.13 Resistance Level 2 $16.84 Support Level 1 $8.87 Support Level 2 $6.20 NEO Resistance & Support Levels Neo (NEO) Price Prediction 2024 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Neo (NEO) are shown in the chart below. NEO/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Neo (NEO) market in 2024. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = $10.07 Price = $10.44 (50MA < Price) Bullish/UpTrend Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 52.41 <30 = Oversold 50-70 = Neutral >70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Neo (NEO) Price Prediction 2024 — ADX, RVI In the below chart, we analyze the strength and volatility of Neo (NEO) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). NEO/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Neo (NEO). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 14.01 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 41.46 <50 = Low >50 = High Low Volatility Comparison of NEO with BTC, ETH Let us now compare the price movements of Neo (NEO) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs NEO Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of NEO is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of NEO also increases or decreases respectively. Neo (NEO) Price Prediction 2025, 2026 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Neo (NEO) between 2025, 2026, 2027, 2028, 2029, and 2030. Year Bullish Price Bearish Price Neo (NEO) Price Prediction 2025 $75 $6.3 Neo (NEO) Price Prediction 2026 $89 $6.1 Neo (NEO) Price Prediction 2027 $90 $7.2 Neo (NEO) Price Prediction 2028 $100 $5.8 Neo (NEO) Price Prediction 2029 $125 $5.3 Neo (NEO) Price Prediction 2030 $150 $5 Conclusion If Neo (NEO) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Neo (NEO) price prediction for 2024 is $16.84. Comparatively, the bearish Neo (NEO) price prediction for 2024 is $6.20. If there is a positive elevation in the market momentum and investors’ sentiment, then Neo (NEO) might hit $50. Furthermore, with future upgrades and advancements in the Neo ecosystem, NEO might surpass its current all-time high (ATH) of $196.85 and mark its new ATH. FAQ 1. What is Neo (NEO)? NEO is a governance token of Neo. Neo is a blockchain ecosystem designed to aid in the creation of a smart economy. 2. Where can you buy Neo (NEO)? Traders can trade Neo (NEO) on the following cryptocurrency exchanges such as Binance, FMFW.io, OKX, Upbit, and DigiFinex. 3. Will Neo (NEO) record a new ATH soon? With the ongoing developments and upgrades within the Neo platform, Neo (NEO) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Neo (NEO)? Neo (NEO) hit its current all-time high (ATH) of $196.85 on Jan 15, 2018. 5. What is the lowest price of Neo (NEO)? According to CoinMarketCap, NEO hit its all-time low (ATL) of $0.07229 on Oct 21, 2016. 6. Will Neo (NEO) hit $50? If Neo (NEO) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $50 soon. 7. What will be the Neo (NEO) price by 2025? Neo (NEO) price might reach $75 by 2025. 8. What will be the Neo (NEO) price by 2026? Neo (NEO) price might reach $89 by 2026. 9. What will be the Neo (NEO) price by 2027? Neo (NEO) price might reach $90 by 2027. 10. What will be the Neo (NEO) price by 2028? Neo (NEO) price might reach $100 by 2028. Top Crypto Predictions ORDI (ORDI) Price Prediction Notcoin (NOT) Price Prediction Chainlink (LINK) Price Prediction Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Early Bitcoin (BTC) investors have seen the WallitIQ (WLTQ) token highly attractive to invest in. WallitIQ (WLTQ) is well positioned to become a leader in the crypto DeFi sector, offering decentralized wallets that support cross-chain transactions and other advanced digital features. Given their experience, Bitcoin (BTC) investors clearly understand the importance of a platform that pushes the boundaries of decentralization, which WallitIQ (WLTQ) platform clearly epitomizes. For those who missed Bitcoin (BTC) early growth, WallitIQ (WLTQ) represents a similar experience. Although, at its presale stage, WallitIQ (WLTQ) offers the potential for massive returns, which these early Bitcoin (BTC) investors have seen and they know the value of getting in at the ground level before the WLTQ token reaches widespread adoption. Why WallitIQ (WLTQ) Is A Top Choice For Crypto Uses And Investors WallitIQ‘s (WLTQ) innovative approach to crypto wallets has impressed early Bitcoin (BTC) investors. By redefining crypto and DeFi wallets with the integration of Artificial Intelligence (AI) and Machine Learning (ML) technology, WallitIQ (WLTQ) has built a protective security structure that is seen as a major leap forward in security and user-friendliness of digital wallets. This security feature employed by WallitIQ (WLTQ) has resonated well with early Bitcoin (BTC) investors who recognize the value of innovative technology. This DeFi wallet aims to make crypto safe as such it incorporates cutting edge intelligent security features such as a facial and Biometric authentication, and an Escrow Connect technology to track and prevent scam attacks and cybersecurity. WallitIQ (WLTQ) is now seen as an innovative project that can accelerate the mainstream adoption of cryptocurrencies by providing advanced wallet features such as fully automated transactions, a Scan & Pay QR for smooth payments, and more. WallitIQ’s smart contract has also been audited by Solidproof in line with its mission to make crypto safe. Early Bitcoin (BTC) investors who have witnessed the meteoric rise of BTC, see also the similar potential in WallitIQ (WLTQ). They believe that by investing in the token during its presale, AallitIQ (WLTQ) could generate massive returns of over 10,000%. Furthermore, investing in the WallitIQ (WLTQ) token will provide access to incentives such as staking options and rewards, yield farming opportunities, an APY of up to 180%, bonus referral tokens and more. What Is Driving Bitcoin (BTC) Investors Interest In WallitIQ (WLTQ) Bitcoin (BTC) investors have seen WallitIQ (WLTQ) innovation in security and user protection. These Bitcoin (BTC) investors recognise the importance of security, having seen numerous challenges with wallets vulnerabilities and hacks in the early days of cryptocurrency. The WallitIQ (WLTQ) integration of AI and ML to improve the safety of crypto wallets directly addresses these concerns. These prevent fraudulent activities and boost the platform’s privacy and security features, appealing to Bitcoin (BTC) investors who understand the importance of crypto security. Additionally, Bitcoin (BTC) investors are tech-savvy and they understand the value that cutting-edge technology brings to the crypto ecosystem. WallitIQ (WLTQ) ability to create intelligent wallets capable of learning and adapting to user behavior is seen as a game changer, setting WallitIQ (WLTQ) decentralized wallet apart from standard crypto wallets. Moreover, Bitcoin (BTC) investors often focus on projects with a strategic roadmap. WallitIQ (WLTQ) clear strategic vision, including its focus on user safety and future scalability, clearly prove that the WallitIQ (WLTQ) platform is built to succeed long-term. Conclusion Early Bitcoin (BTC) investors are heavily investing in tge WallitIQ (WLTQ) presale, enjoying low token prices of $0.0171. These Bitcoin (BTC) investors are drawn to WallitIQ (WLTQ) because it combines cutting-edge technology with clear focus on security and mass adoption. As a next generation decentralized crypto wallet, WallitIQ (WLTQ) will provide practical solutions to the vulnerabilities and flaws seen in modern crypto wallets. Investors can be a part of this transformative crypto project by investing in the WallitIQ (WLTQ) presale today. Join the WallitIQ (WLTQ) presale and community: Join WallitIQ (WLTQ) Presale Join the WallitIQ (WLTQ) 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.

Sui (SUI) holds more favor amongst investors and according to some, this coin will leap to $10 by the year 2025. SUI leaps up by 410% and trades at $2.11 while moving up from the lowest figure of $0.46 which was recorded in August 2024. Price, then, will seem to be uplifted between $3.39 and as high as $10.10 by the year 2025. The critical $3.39 Fibonacci level will be a key factor in confirming the bullish trends needed to push SUI to higher levels. If SUI breaks through this resistance point, it could trigger a strong rally, with bulls jumping in and driving prices to a high target of $10 by 2025. A retest of the $3.00 to $3.39 range is likely before the breakout occurs, giving SUI holders significant opportunities for growth. This upward momentum suggests that SUI could be poised for an explosive rise. However, SUI is not the only cryptocurrency set for massive growth in 2025. Rexas Finance (RXS), another emerging token is gaining attention, drawing predictions from analysts that it could explode in value to $15 in the coming year. Rexas Finance (RXS): The Real-World Asset Revolution Rexas Finance is leading the way in real-world asset (RWA) tokenization, an evident area that will evolve significantly in the blockchain ecosystem. In this Ethereum-based ecosystem, a user from any part of the world can with just a click purchase assets like real estate, commodities, art, etc. Without any desire to be the sole owner and without going through the requisite paperwork, Rexas Finance will help effortlessly tackle the process. It even enables asset owners to tokenize and offer their assets on the blockchain, creating endless possibilities. The Token Builder from Rexas Finance is very user-friendly as it enables every individual to tokenize their assets without needing coding skills. In so doing, the process has been brought within everyone’s reach not only large companies and rich individuals. The number of RXS tokens in circulation is limited to 1,000,000,000 and as the presale of the project gains momentum, success is pretty much almost inevitable. Unlike most crypto projects that seek injection of funds from venture capitals, Rexas Finance seeks to engage the common person in this revolution. In place of institutional funding, the Rexas Finance team prefers supportive outreach to enable people to benefit from the disruptive platform. Strong Growth Ahead for Rexas Finance (RXS) Rexas Finance has already been listed on CoinMarketCap, allowing investors to track real-time data and get genuine details about the token. This increased visibility has helped drive excitement, contributing to a successful presale. In just a few months, Rexas Finance has raised $3,725,649 and sold millions of tokens. Currently, at presale stage 4, RXS is priced at $0.060, a 100% surge from its initial presale price of $0.030 at stage 1. The token is set to launch in early 2025 at $0.20, representing a growth of 233% from the current presale price. However, analysts believe the token could achieve much more. Once RXS starts trading, its price is expected to break out, potentially reaching $15 in 2025—a staggering 24,900% increase from its presale price. Similar Growth Path for Sui and Rexas Finance As SUI is getting ready to surpass important resistance levels and reach $10, Rexas Finance is picking up steam and might experience substantial growth. Both SIU and Rexas Finance are receiving optimistic outlooks, however, Rexas Finance’s innovative strategy towards physical assets may lead to higher profits compared to SUI. During its presale, Rexas Finance is giving away $1,000,000 as part of a promotion. 20 fortunate investors will get the opportunity to win $50,000 each by simply taking part in the presale. This provides further motivation for initial backers, enticing them even more to join at the project’s beginning. Conclusion Although Sui’s forecast to reach $10 by 2025 seems optimistic, Rexas Finance (RXS) has the potential to exceed expectations as a surprise contender. The emphasis on tokenizing real-world assets, user-friendly token creation tools, and robust community backing make RXS a token worth monitoring closely. If you seek a chance with significant potential for growth, Rexas Finance could be the breakthrough you’ve been seeking. About Rexas Finance :- Website: https://rexas.com Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

The Bitcoin price has now broken above the $68,000 mark amid a run of a 12% price increase in the past seven days. However, analysis says the Bitcoin price will not stop this surge anytime soon. According to a detailed analysis posted on TradingView, a well-known crypto analyst has shared insights suggesting that Bitcoin is on track to climb even higher to reach an ambitious target of $95,000, but USDT.D needs to break below the lower boundary of a triangle first. Interesting Take On Bitcoin Price Outlook The analyst in question, known as TheSignalyst, takes an unconventional approach to analyzing Bitcoin’s price movement by relying on a lesser-known but intriguing metric. According to TheSignalyst, the USDT.D chart, which tracks the dominance of the stablecoin Tether (USDT) in the cryptocurrency market, efficiently tracks the overall sentiment of the crypto market. Though not widely used by mainstream analysts, this metric has proven useful in predicting market tops, bottoms, and future price action. According to the USDT.D chart, the USDT dominance has been playing out a descending triangle pattern since the first days of August. Since this period, the USDT dominance has ranged between 6.5% and 5.34% of the total crypto market cap up until the time of writing. As the analyst noted, as long as USDT dominance remains within the descending triangle, Bitcoin’s price is likely to continue consolidating in a range. However, TheSignalyst adds that for Bitcoin to truly enter a bullish run, the USDT dominance needs to break downward. Specifically, it would have to fall below the lower boundary of the descending triangle and drop beneath 5.2% of the total crypto market cap. What Does This Mean For The BTC Price? As the largest stablecoin, the USDT dominance can reveal a lot about the prevailing sentiment among crypto traders. High periods of USDT dominance suggest investors are pulling out of riskier assets and parking their funds in stablecoins, while a decline in the USDT dominance suggests inflows into cryptocurrencies. In the case of TheSignalyst’s analysis, the USDT dominance breaking below 5.2% would signal reduced reliance on the stablecoin and a renewed appetite for riskier assets, paving the way for Bitcoin to embark on a more aggressive upward trajectory. According to the analyst, if this scenario unfolds, it could enable Bitcoin’s price to break past the $70,300 mark in the weekly timeframe. This level sits just above a descending trendline that has been stopping Bitcoin’s momentum since April, and a successful breakout could confirm the start of a much larger rally. In the case of such a breakout, the analyst suggests a strong surge towards the $100,000 price level. At the time of writing, Bitcoin is trading at $68,100 and is about 47% away from this six-figure target.

DOGE trades at $0.1334, marking a gain of 9.10% over the last 24 hours. The meme coin has witnessed a 24-hour liquidation of $5.45 million. The Dogecoin (DOGE) price is on the rise, potentially shifting toward a bullish pattern, as recent technical indicators hint at the growing positive momentum. DOGE took hold of its ground at a potential resistance level, likely preventing further decline. DOGE’s price has surged over 9.10% in the last 24 hours. Notably, DOGE managed to record a high of $0.1359 and a low of $0.1208. Meanwhile, the meme coin’s daily trading volume has dropped down by 14% to $1.95 billion. At press time, Dogecoin was trading at $0.1334 with a market cap of $19.54 billion, according to CoinMarketCap data. Moreover, the meme coin has witnessed a 24-hour liquidation of $5.45 million, as per Coinglass data. Notably, an analyst suggested that the price of DOGE could reach $0.13 while everyone is asleep, in light of the potential price movement of DOGE. Will the Bullish Momentum Persist? DOGE has registered a substantial price surge over the last seven days, with a 24% increase. At the beginning of the week, the meme coin was trading at $0.1074. In the following days, the token’s price steadily mounted to a high of $0.1274 without a fall back to the downside. If DOGE manages to climb further and break above the $0.1370 level, then it will likely test the $0.1415 resistance soon. However, if the bearish pressure pulls back the price and falls below $0.1268, it might test the $0.1220 support zone. In addition, the Moving Average Convergence Divergence (MACD) of Dogecoin is currently above the signal line, suggesting a bullish sentiment that may impact its price momentum. DOGE chart (Source: TradingView) Notably, the current price momentum of DOGE triggered it to enter the overbought zone in the market, as indicated by the daily relative strength index (RSI) positioned at 70.60. Besides, the current brief bullish pattern and a buy signal are highlighted by the short-term 9-day MA standing above the long-term 21-day MA. Highlighted Crypto News Is Ethereum Ready for a Breakout Above $2.6K?

The recently announced listing aspect of Rexas Finance (RXS) at coinmarketcap has raised eyebrows for traders and investors as well. Since its presale is progressing at an excellent pace and the idea of remodeling asset tokenization is brilliant, many crypto enthusiasts seem to believe that Rexas Finance could probably be the next big shot. One burning question in particular that has people clasping their necks is, will the RXS market cap be ahead of XRP by the year 2025? As the project continues to capture attention, an eminent trader has gone bullish on the project, indicating reasons that could take Rexas Finance to greater heights. The CoinMarketCap Listing: A Major Boost for RXS The recent expansion of the Rexas Finance project to CoinMarketCap is a big step forward that has enhanced investors’ confidence in the project. Tools like these assist users in volatility such as pricing, market volume, and activity tracking, and provide transparency and trust. Now that the RXS token has been added to such a platform, many people, especially foreign investors, can track its exchange rate, tokens traded, and market capitalization. This has led to greater demand in the presale, which within a short period managed to raise $3,435,863, making Rexas Finance one of the best presales in 2024.Many commentators suggest that listing on CoinMarketCap is an essential milestone for a new crypto project, as it provides high exposure and recognition in the marketplace. This listing gives Rexas Finance room for more investors and positions a solidly possible threat to established coins like XRP. Can RXS Overtake XRP’s Market Cap? At the heart of the strategies in Rexas Finance is whether the company, by the year 2025, will have surpassed XRP’s market cap. Recent sentiments and declarations from a well-known trader indicating the positive future of the token have, however, made the information worse. XRP aims to facilitate cross-border payments and therefore strides as among the most special cryptocurrencies in terms of market capitalization. However, Rexas Finance is coming to seek a market with a difference: Real World Asset (RWA) tokenization. By these, we mean taking physical properties such as properties, artworks, and commodities and making them available on a digital ledger and trading there. Converting real physical property into virtual assets is expected to create a new liquid market and open up a completely new realm of liquidity.Rexas Finance has an upper hand compared to many crypto assets, thanks primarily to its approach towards RWA tokenization, which makes it integrate something that is barely scratched in the field, a trillion-dollar asset category. The simplicity provided by the platform, in addition to the security and regulation features, will appeal to both retail and institutional players. If Rexas Finance keeps riding on the current wave and the market for tokenized assets expands, it wouldn’t be over the top to estimate that RXS will contend with XRP in terms of market cap in a few years. Bullish Sentiment from a Top Trader A top trader has backed Rexas Finance as one of the networks expected to outdo the projections and possibly even overtake XRP by the year 2025. This trader provided several fundamental reasons that inspired this line of defense, including a strong run during the presale, listing on CoinMarketCap, and the general rush for asset tokenization. The trader further argued that the presale price of the RXS token, which is still very cheap at $0.05, is an attractive proposition for potential investors, as they project very good returns if the token performs as it is anticipated in the long run. He also said that although XRP has gained an initial foothold within the payments domain, Rexas Finance is looking for new opportunities in RWA tokenization. This places Rexas Finance in a more exclusive market niche with huge growth opportunities. As more assets are transitioned to the tokenized system, the potential value of the platform might reach stratospheric levels where it could compete with leading cryptocurrencies such as XRP. Looking Ahead: 2025 and Beyond As Rexas Finance managed to become more and more relevant in the crypto market, it remains an open question when exactly Rexas Finance’s market cap exterminates that of XRP. But, with its indexing at CoinMarketCap, strong presale measures, and advanced strategy toward asset tokenization, one can’t help but come to the view that RXS is a coin to keep an eye on. The level at which the project is poised to conquer the creative sector and the asset space, in general, makes it one of the most promising ideas on the journey to seek market leadership. Rexas Finance’s sophisticated outlook as well as the overall expansion of the project and its community support indicate that in the year 2025, it is bound to be the mainstream crypto asset. When thinking of the idea of surpassing XRP’s market cap may be perceived as a fairytale, the amazing feeling that people have concerning the project suggests that whoever is somewhat well informed and believes in the prospects of this project, everything is possible in the fast-changing world of blockchain and crypto projects. For more information about Rexas Finance (RXS) visit the links below: Website: https://rexas.com Win $1 Million Giveaway: https://bit.ly/Rexas1M Whitepaper: https://rexas.com/rexas-whitepaper.pdf Twitter/X: https://x.com/rexasfinance Telegram: https://t.me/rexasfinance Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this article does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research.

Chirag Tomar stole over $20 million by spoofing the Coinbase Pro website. He was arrested at Atlanta airport and pleaded guilty to wire fraud conspiracy. Chirag Tomar, a 31-year-old Indian Citizen, was sentenced today to 60 months in prison for his role in a cryptocurrency spoofing scheme that defrauded victims of more than $20 million. U.S. District Judge Kenneth D. Bell issued the sentence in Charlotte, North Carolina. Tomar’s scheme involved hundreds of victims worldwide, including individuals in North Carolina. Following his prison term, Tomar will face two years of supervised release. This sentencing comes after Tomar’s guilty plea on May 20, 2024, where he admitted to the fraud, which began in 2021. Tomar and his co-conspirators orchestrated the spoofing scheme by creating a fake version of the Coinbase Pro website, CoinbasePro.com. Their goal was to deceive users into thinking they were accessing the legitimate platform. Victims suffered significant financial losses. The fraudsters tricked victims into entering their login credentials by mimicking the URL and layout of the real Coinbase site. In February 2022, a victim in North Carolina attempted to access their Coinbase account but was redirected to the fraudulent website. Details of the Crypto Scam and Its Consequences Once victims input their information, the fraudsters gain control of their real Coinbase accounts. In some instances, victims were convinced to provide two-factor authentication codes over the phone to individuals posing as Coinbase customer service representatives. Once access was secured, the fraudsters swiftly transferred the victims’ cryptocurrency holdings to wallets controlled by Tomar and his associates. Tomar used the proceeds from the fraudulent scheme to finance a lavish lifestyle. He purchased high-end items such as Rolex watches, and luxury vehicles, including Lamborghinis, and traveled to locations like Dubai and Thailand. According to court documents, after receiving the stolen cryptocurrency, Tomar converted it into different forms of cryptocurrency or moved it between various wallets to conceal his actions. Eventually, the funds were converted into cash and distributed among Tomar and his co-conspirators. Tomar was arrested at the Atlanta airport on December 20, 2023, after entering the United States. Since his arrest, he has remained in federal custody. On May 20, 2024, Tomar pleaded guilty to conspiracy to commit wire fraud, a charge that carries a maximum penalty of 20 years in prison and a $250,000 fine. However, Tomar received a 60-month sentence yesterday. The case was investigated by the U.S. Secret Service in Charlotte, with assistance from the FBI in Nashville. Highlighted Crypto News Today Kraken Launches New Wrapped Bitcoin kBTC as Competition Heats Up

Henrik Zeberg, a macroeconomist known for his expertise in business cycles, has pinpointed an upcoming rally of at least 60% for the Bitcoin price in his latest technical analysis. The seasoned analyst has identified a pattern across three critical technical indicators that have historically signaled major upward price movements when all aligned. Bitcoin Price Set For Next Bull Run Zeberg highlights the Relative Strength Index (RSI), which is traditionally used to assess whether an asset is overbought or oversold. Currently, the RSI is positioned above the 50 mark, which often indicates growing bullish momentum. More importantly, the RSI has broken above a descending trendline that previously capped momentum, a shift that typically precedes robust price increases. Alongside the RSI, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover. This event occurs when the faster moving MACD line, depicted in blue, crosses above the slower signal line, shown in red. This crossover is a traditional signal used by traders to confirm a potential reversal from bearish to bullish market conditions. Zeberg’s emphasis on this crossover is consistent with its recognized predictive value in signaling the start of a bullish phase. The third indicator, the Relative Vigor Index (RVGI), is lesser-known but no less critical. This indicator is also experiencing a bullish crossover, marked by the green line overtaking the red line. The RVGI measures the vigor of price movements and its crossover is indicative of a strong bullish undertone. The chart provided by Zeberg is annotated with several instances where these conditions were met in the past, each followed by significant price rallies. These include surges of +318% in 2019, +824% in 2020, +70% in late 2021, +64% in January 2023, and +176% in the second half of 2023, indicating not just minor increases but substantial bull runs. The historical context adds weight to the current setup, suggesting that a similar outcome may be on the horizon. Zeberg has pointed out that each time Bitcoin has shown this configuration of technical indicators, it has led to rallies of no less than 60%.” Every time we have seen a confirmation of the three following indicators, BTC has rallied and by minimum 60%,” Zeberg writes. His confidence in this pattern is evident as he describes the potential for what he calls a “Blow-Off Top,” a term that suggests an intense and rapid increase in price. As reported by NewsBTC, Zeberg forecasts that a US recession is unavoidable, yet it will be preceded by a significant surge in financial markets, which includes a major rally in Bitcoin, potentially reaching between $115,000 and $120,000 in a “Blow-Off Top” scenario. At press time, BTC traded at $67,956.

Ethereum consolidates above $2,580; bullish momentum may lead to gains. Key resistance at $2,650; breakthrough could propel price higher. Ethereum, the largest altcoin, is currently trading at $2,619, marking a 0.63% decline from its 17-day high of $2,688 three days ago. Despite the drop, Ethereum is up 9% over the past week. However, trading volume has decreased by 7%, signaling a potential shift in market sentiment. Ethereum’s price has consolidated gains above the $2,580 resistance level, suggesting that it could gather momentum if it manages to clear the $2,650 resistance zone. A bullish trend line has formed with support near $2,600 on the ETH/USD hourly chart. If Ethereum breaks through the $2,650 and $2,680 resistance levels, it may continue its upward movement. Although ETH tested the $2,550 support, it rebounded quickly, moving past the $2,580 and $2,600 resistance points. The price surpassed the 50% Fib retracement level from the $2,685 high to the $2,538 low, showing strength. However, it faces hurdles near $2,650, aligning with the 76.4% Fib retracement level. Potential Breakdown Or Breakout? Key resistance levels lie at $2,685, and if ETH breaks above this, the price could surge to $2,750. A successful climb past $2,750 might lead to a rise toward $2,840, with the next resistance at $2,880 or $2,920. ETH Price Chart, Source: Sanbase Meanwhile, on the downside, if ETH fails to break the $2,650 resistance, it could see a decline. Initial support sits at $2,600, with a major support zone at $2,570. A drop below this level could drive the price to $2,550 and potentially as low as $2,480. Technical indicators show a bullish momentum in the short term, with the hourly MACD in the bullish zone and the RSI above 50. However, options data suggests a strong breakout above $3,000 may not happen until after the U.S. elections in November. Highlighted News Of The Day Orderly Network Successfully Deploys Omnichain Orderbook on Solana

Dogecoin and TRON are holdovers from the “Golden Era” of crypto, with each having been around for the past two bull runs. However, the window for parabolic wealth generation for either has already gone. Instead, analyst forecasts predict debuting revenue sharing DeFi protocol to outperform both in the coming years. Learn why the Zig Network presale is drawing whales across the crypto pond. Dogecoin struggling to remain relevant OG meme coin Dogecoin is in the throes of a serious battle for relevance amidst newer, shinier cryptos raring to outperform it in price growth in 2024 and beyond. Despite its popularity, Dogecoin price action has been largely underwhelming, and its social mentions are dwindling save for the tepid marketing efforts of Elon Musk. Dogecoin prices have fallen by over 70% from its 2021 peak and Dogecoin holders are apoplectic. Such is life for Dogecoin, whose value is primarily tied to hype and external influences rather than any tangible value proposition. TRON banking on future as stablecoin settlements platform TRON has evolved greatly from its original concept as a content creation and distribution platform to a leading cross border payments platform and stablecoin issuer. With over $60 billion in stablecoins, TRON has become the leading choice for stablecoin payments in Asia, Africa, Europe, and the Middle East. TRON’s popularity as such has kept its prices very resilient even in the face of market forces. However, TRON’s utility doesn’t translate as an investment with a very high growth upside. Zig Network presale offers highest wealth generation potential in 2024 Between TRON and Dogecoin, newly launched DeFi protocol Zig Network offers the highest growth upside for prospective investors. Priced at just $0.01 at stage 1 of its presale, Zig Network offers a unique opportunity to invest at the very ground floor of a project with legitimate 100x upside in the coming years. Zig Network removes the barriers to entry of DeFi, particularly its steep learning curve, by enabling users to interact with staking, yield farming, and passive income protocols with the least friction and the most ease possible. The ease with which Zig Network allows users to access the DeFi world gives it unique pump potential since it could become the bulwark for onboarding new audiences to Web3 and DeFi. Moreover, investors will be rewarded simply for holding ZIG tokens through Zig Network’s revenue sharing arrangement which will see the protocol payout ZIG token holders a fixed percentage of the platform’s earnings on a scheduled basis. Zig Network has locked liquidity for life, received a full audit from SolidProof, and is ready to benefit from the increased interest in DeFi. It’s not just a matter of if, but when get in on the early action and join the Zig Network presale using the links below. To find out more about the Zig Network presale use the links below: Participate in the Zig Network Presale Read the Zignet Whitepaper 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.