Bottom – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Fri, 29 Aug 2025 17:56:47 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.8 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 Bottom – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 (Live) Today’s Crypto News, August 29th – Ton and Chain Link Bottom Ring, Solana and Pis Crypto Network https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/ https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/#respond Fri, 29 Aug 2025 17:56:46 +0000 https://earlybirdsinvest.com/live-todays-crypto-news-august-29th-ton-and-chain-link-bottom-ring-solana-and-pis-crypto-network/

Crypto Markets started today with a big deal when US government data first collided with blockchain. Pyth Network and ChainLink have worked with Commerce Department to push GDP figures up to crypto chains such as Solana and Ethereum. Following on, Pyth Crypto’s price action went wild, but ton and link holder cleaned up the bruises.

Pyth stole the Crypto Show, surgening from 70% of the announcement. Money is flowing as Oracle’s role in real-time data delivery is verified by Uncle Sam. Meanwhile, Solana is still surfing its waves, and its ecosystem metrics are reaching new highs.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(pyth/usd,source- TradingView))

Meanwhile, Tonn hit the rough waters and was soaked up $2.60 in support during the builder’s Exodus memorial drama. The community is frustrated with impediments in mobility and failed promises. Even with telegram ties, the sentiment is sour and the activity on the chain is flatlined.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(Tons/USD, Source – TradingView))

Discovered: Top Solanamime Coins to Buy in 2025

ChainLink is currently integrating with replacement products at record lows. People will vent online about supply emissions that are outweighing demand and call on Link Teams for stagnation. However, the new reserve program is quietly buying back revenues. Therefore, there may be a turnaround in the play. The link comes with SBI and Euroclear partnerships, but prices are still behind. On-chain data shows that whales are actively snapping links.

Solana has momentum with a record of 600 million weeks of trading and 81% control of DEX volume. Developers count Blast Paets from 83% to over 7,600 to ensure they don’t forget to submit ETFs from Vaneck and Bitwise. Firedancer Update also has a promise of 100 times the scale, drawing Visa and BlackRock.

Sol TVL has climbed its annual peak with a 107K TPS burst. Memecoin’s hype and tokenized inventory are the reasons for the sol volume bump. PayPal and upcoming Alpenglow will likely drive the Solana for over $250.

Pyth Crypto's price action has gone wild, but Ton and Link Holders have cleaned up the bruises. What do you expect next?

(Sol TVL, Source – defill))

In addition to other players, Pyth has pushed its market capitalization by over $1 billion. This is a large code number that will not be seen since May. US-Pyth has a partnership that provides GDP data across 10 chains, pumping crypto trading volumes up to 70%.

Pyth Crypto has benefited a lot from the Solana ecosystem, especially with unauthorized governance. Pyth has been rewarding stakers with cross-chain crypto airdrops. As Oracles fills in Tradfi and Defi, it could come if explosive adoption of Pyth is underway.

Discover: Best Meme Coin ICO for Investing in 2025

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Helium HNT is ready for meeting: new price analysis reveals why

Akiyama Felix

by Akiyama Felix

Helium HNT Mobile is one of the crypto companies that continues to build. As the team pushes new developments, the base continues to grow in the background. The new talknomics model redirects 100% of HELIUM Mobile’s monthly subscriber revenue to burn HNT Crypto, thus creating shortages and, in theory, increase value.

HNT is burned to create data credits used to pay for all network activity, including data transfer over IoT and 5G networks.

Simply put: More Users -> More Network Activity -> More HNT burns.

As a growing Depin project backed by investors such as Andreessen Horowitz, GV (formerly Google Ventures), Pantera Capital, Deutsche Telecom and Goodyear Ventures (yes, tire companies), Helium Mobile’s HNT will be one of the great performance coins during the upcoming Depin season.

more here.

Forget your mortgage quote: Crypto and Memecoin can change your life

Akiyama Felix

by Akiyama Felix

Crypto Memecoins is rewriting its financial playbook and pulling retailers out of the grief they hear from billionaires about mortgage estimates. Memecoin’s market capitalization reaches $74.5 billion and a daily volume of $6.6 billion, and these tokens are one of the paths to finding financial freedom.

Memecoins like Dogecoin, Shib, and Pepe deliver traditional fund-shattering returns. Especially in the dog-themed category, there’s no way to turn into a billionaire within less than a month, unless it comes from Memocoin.

Crypto Memecoins is rewriting its financial playbook and pulling retailers out of the grief they hear from billionaires about mortgage estimates. how?

(Memocoin Growth, Source – Co Ringecko))

Retailers turn small bets from Mimecoin every year by millions. Last year, Solana Memecoins hype brought hundreds of times more coins. This year, Trump-related tokens reach an all-time high of market capitalization at a fully diluted value of $73 billion. The President showed the raw energy of Memecoin and gave people the opportunity to become billionaires.

Shiba Inu Shib was the top member who printed billionaires in the last Bull Run, making people forget about mortgage estimates.

Discovery: Next 1000x Ciphers: 10+ Ciphers tokens that could hit 1000X in 2025

The complete story here.

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Felix Akiyama is a true veteran who comes from the 2018 code class. The former visual effects artist turned his attention to Esmaxy, who loves OnChain Degen and Vitalic. Felix is ​​worth noting that he is one of the few people in the VFX world… Read more

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This Bitcoin Volume Signal Nailed The Top & Bottom: Analytics Firm https://earlybirdsinvest.com/this-bitcoin-volume-signal-nailed-the-top-bottom-analytics-firm/ https://earlybirdsinvest.com/this-bitcoin-volume-signal-nailed-the-top-bottom-analytics-firm/#respond Thu, 21 Aug 2025 23:29:59 +0000 https://earlybirdsinvest.com/this-bitcoin-volume-signal-nailed-the-top-bottom-analytics-firm/ On-chain analytics firm Santiment has revealed how the two largest spikes in trading volume coincided with recent buying and selling windows for Bitcoin.

Trading Volume May Signal Tops & Bottoms For Bitcoin

In a new post on X, Santiment has talked about a pattern associated with the trading volume of Bitcoin. The “trading volume” here refers to a metric that keeps track of the total amount of the cryptocurrency that’s becoming involved in trading activities on the various centralized exchanges.

When the value of this metric is high, it means the traders are making a large number of moves on the market. Such a trend suggests interest in the asset is high. On the other hand, the indicator having a low value implies investors may not be paying much attention to the cryptocurrency as they are participating in a low amount of activity.

Now, here is a chart that shows the trend in the trading volume for Bitcoin and other top coins in the sector over the last few months:

Bitcoin Volume

In the above graph, Santiment has highlighted two large spikes in the trading volume of Bitcoin. The first of these, involving a movement of $84.08 billion in the asset, occurred at the start of April. Interestingly, this spike coincided with BTC’s tariff-driven dip. The other spike took place just earlier this month and saw the indicator hit a high of $90.90 billion. This time, the elevated trading volume came alongside BTC’s new all-time high (ATH) above the $124,000 level.

“Note that the two largest volume spikes from Bitcoin signaled the optimal time to buy (as prices were falling) and sell (as prices peaked to a new ATH),” explains the analytics firm.

What could be the explanation behind the pattern? Generally, the higher the trading activity, the more likely BTC is to observe some kind of volatility. This is because the moves being made by investors act as fuel for price moves.

Where the emerging volatility may lead the asset is hard to say based on the trading volume data alone, as it doesn’t separate between buying and selling moves. Spikes that come near price lows, however, can be signs of buying. This is what happened in April. Similarly, a particularly sharp uptick in activity after rallies, like the one seen earlier in the month, can be a sign of profit-taking.

At present, Bitcoin trading volume remains elevated, but its current value of $66 billion is clearly still a step below the levels seen during the aforementioned turnarounds.

BTC Price

Bitcoin has been facing sustained bearish momentum recently as its price has gradually been sliding down, with its latest value coming at $113,000.

Bitcoin Price Chart

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XRP Double Bottom Breakout sets sights at $34, analysts predict https://earlybirdsinvest.com/xrp-double-bottom-breakout-sets-sights-at-34-analysts-predict/ https://earlybirdsinvest.com/xrp-double-bottom-breakout-sets-sights-at-34-analysts-predict/#respond Tue, 12 Aug 2025 10:32:56 +0000 https://earlybirdsinvest.com/xrp-double-bottom-breakout-sets-sights-at-34-analysts-predict/

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The soccer price for the Lion and Player is soft. I hate each of my arcu lorem, ultricy kids, or ullamcorper football.

According to Gert Van Lagen, XRP’s macro structure has finally done one thing that is necessary. Break and hold the base neckline for seven years. “XRP (2W) – Ripple is ready to rip. A 7-year double bottom is broken. His chart is drawn on a logarithmic scale with a two-week candle, framing the movement as a multi-cycle inversion rather than a short-term pop.

Can XRP really hit $34?

Geometry is clear on the chart. The wide W-shaped base extending from the 2018-2024 Bear Market has been carved with twin rows carved into the $0.20-$0.30 region, returning to the horizontal neckline just above the $2 handle. Van Lagen marks his first breakout attempt with the Red Cross beyond that barrier, followed by a decisive surge and pullback tagging support around a $2-double area annotated by blue dots. In the log chart, the textbook breakout-retest sequence is usually the confirmation step that the technician normally looks for before projecting the target.

The price at the time of the snapshot is labeled $3.19 on the right axis. So, the XRP is traded above the neckline, but below the 2018 record high, it’s $3.40. Previous macrocaps now serve as support, so their placement is important. Stay north at about $2.00, the double bottom paper continues. The measured arrows drawn from the neckline replicate the height of the base on a multiplicative (log) basis. So, rather than adding a few dollars, an upward extension jumps into the mid-double digits.

Related readings

Van Lagen’s original purpose is explicitly derived from Fibonacci’s proportions. He sets the double bottom 2.00 expansion as his initial target and lands at “near $34”. On his scale, the projected pass surpasses the $27 and $20 gridlines, with a short tag on the $30 midterm before the average revert. This coincides with how log scale extensions are translated when long integrations are released quickly.

The left side of the graphics provides historical rhymes that readers want to notice. Between 2014 and 2017, XRP built small double bottoms within the shady accumulation zone, breaking the neckline, retesting, and accelerated vertically. Vanlagen marks the sequence at the same Red Cross and blue dots at retest on breakout, plus a vertical measurement arrow indicating how the previous base was resolved. The current pattern, covered over 2018-2025, repeats its choreography on a much larger scale.

His sketches include a roadmap of time and price using 12 forward candles (2-week bars) that mimic arcs of 5-6 months across movements when echoing the previous cycle. The first Projection Bar Vault XRP is over $11. After three candles, the blue pass exceeds $36, about six weeks after running.

Related readings

The fourth candle follows a deep retracement towards the $11 region, followed by a sharp recovery of over $30 in the fifth. The next three candles will stabilize around the $30 area before the pass lowers another slide to ~$11 and begins the start of the cooling phase. Sequences are descriptive rather than normative, but they visually lock augmented mathematics into the possibilities of market behavior.

Whether XRP can follow a steep path sketched in blue is a separate question from whether the double bottom has been technically activated. Van Lagen’s chart answers second yes. The breakout and retest sequence has been completed. First Answer – ~$34 Delivered towards FIB Expansion – Determines by what the next two weeks candles will look like.

At the time of press, the XRP traded for $3.14.

XRP Price
XRP must keep EMA20, 1 day chart Source: XRPUSDT on cordingView.com

Featured images created with dall.e, charts on tradingview.com

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Bitcoin Primed for New All-Time High After Correction, According to Trader Who Nailed 2018 BTC Bottom – Here’s His Target https://earlybirdsinvest.com/bitcoin-primed-for-new-all-time-high-after-correction-according-to-trader-who-nailed-2018-btc-bottom-heres-his-target/ https://earlybirdsinvest.com/bitcoin-primed-for-new-all-time-high-after-correction-according-to-trader-who-nailed-2018-btc-bottom-heres-his-target/#respond Sat, 26 Jul 2025 23:57:20 +0000 https://earlybirdsinvest.com/bitcoin-primed-for-new-all-time-high-after-correction-according-to-trader-who-nailed-2018-btc-bottom-heres-his-target/

A widely followed analyst and trader who accurately predicted the bottom for Bitcoin (BTC) in 2018 says the crypto king is primed to go higher after a recent correction.

The trader and analyst pseudonymously known as Bluntz tells his 326,100 followers on the social media platform X that Bitcoin is likely done correcting after falling below the $116,000 price level.

“Send it.”

Image
Source: Bluntz/X

Looking at the trader’s chart, he seems to suggest that Bitcoin’s ABC correction is done and BTC is now targeting new all-time highs at $127,000.

Bluntz follows the Elliott Wave theory, which states that a bullish asset tends to witness a new uptrend after completing an ABC correction.

Bitcoin is trading at $117,262 at time of writing.

Next up is the Bonk (BONK) memecoin. According to the widely followed analyst, BONK is “holding up remarkably well” amid a Bitcoin correction.

Bluntz suggests BONK has completed an ABC-wave pattern to the downside and is now poised to hit the $0.000044 price area.

“Not only does BONK look like a nice clear ABC has already been put in, but it held strong and defended the lows while BTC dumped…

I suspect a rage pump is imminent on BONK.” 

Image
Source: Bluntz/X

BONK is trading at $0.000035 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

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Bitcoin ‘demand generation’ phase mirrors 2022 market bottom: Are new highs incoming? https://earlybirdsinvest.com/bitcoin-demand-generation-phase-mirrors-2022-market-bottom-are-new-highs-incoming/ https://earlybirdsinvest.com/bitcoin-demand-generation-phase-mirrors-2022-market-bottom-are-new-highs-incoming/#respond Mon, 30 Jun 2025 21:15:17 +0000 https://earlybirdsinvest.com/bitcoin-demand-generation-phase-mirrors-2022-market-bottom-are-new-highs-incoming/

Key takeaways:

  • Stablecoin inflow patterns mirror levels seen after the LUNA and FTX collapse. Pointing to fresh accumulation and the potential for a breakout rally.

  • Bitcoin holds above $100,000, but new user activity is still low, indicating a “HODL” phase where holders are waiting for fresh demand to drive prices higher.

Bitcoin (BTC) is flashing early signs of a strong rally, but the price chart is not drawing attention. Onchain data shows a “demand generation” pattern similar to the accumulation phases seen after the Terra/LUNA and FTX collapse, and both marked major cycle bottoms.

Bitcoin researcher Axel Adler Jr. said that the 30-day moving average of stablecoin inflows has dipped into negative territory, forming the same “blue zones” previously seen in 2022. This suggests participants are not ready to sell, signaling a return of meaningful demand amid suppressed volatility. Adler said,

“If inflows remain at or surpass levels seen post-LUNA and FTX, it would strongly signal the launchpad of the next Bitcoin rally.”

Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Whale
Difference in Liquidity from Bitcoin inflows and stablecoin inflows. Source: Axel Adler Jr.

Bitcoin network activity signals HODL dominance

BTC price is strong above $100,000, but the New UTXO 30-day SMA, a proxy for new network activity, remains near 570,000. That’s roughly 40% lower activity than when BTC was trading between $60,000–$70,000 and far from the 850,000–1 million range that supported the 2024 bull run.

This divergence suggests that long-term holders are locking up coins, not moving them, creating a supply squeeze scenario where price could rapidly rise if new demand kicks in. A move past 700,000 on the New UTXO metric would signal that fresh participants are entering. If it climbs beyond 850,000, it could confirm the start of a full-blown retail and institutional-driven bull phase.

Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Whale
Bitcoin New UTXO. Source: Axel Adler Jr.

The Exchange Flow Multiple supports this setup, tracking short-term to long-term BTC inflows, which has dropped to a zone that historically marks a seller exhaustion phase where diminished sell-side liquidity sparks upside price momentum.

Meanwhile, whales appear to be mobilizing. Large transactions now comprise 96% of all exchange flows, a level historically associated with major price expansions. These entities may position coins for strategic redistribution, often timed with price spikes.

Related: Record Q2, monthly close next? 5 things to know in Bitcoin this week

BTC risk in demand-supply imbalance persists

Despite these bullish structural signals, short-term risks remain. The Apparent Demand metric for 30 days has returned negative for the first time in two months, indicating that new buyer demand isn’t strong enough to absorb selling pressure from miners and some long-term holders (LTHs). This imbalance raises the risk of a near-term price correction.

Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, Price Analysis, Market Analysis, Whale
Bitcoin Apparent Demand. Source: CryptoQuant

In this mixed environment characterized by HODLing, seller exhaustion, and early whale activity, Bitcoin’s next move hinges on whether fresh demand can outpace residual selling. A short-term correction could precede the broader uptrend if momentum stalls near key resistance levels at $110,000.

Related: Bitcoin’s new all-time high now ‘inevitable’ as BTC price eyes liquidity at $109K

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

]]> https://earlybirdsinvest.com/bitcoin-demand-generation-phase-mirrors-2022-market-bottom-are-new-highs-incoming/feed/ 0 45032 Trader Who Accurately Predicted 2018 Bitcoin Bottom Says One Solana-Based Altcoin Has ‘Very Real Chance’ of Exploding 450%+ https://earlybirdsinvest.com/trader-who-accurately-predicted-2018-bitcoin-bottom-says-one-solana-based-altcoin-has-very-real-chance-of-exploding-450/ https://earlybirdsinvest.com/trader-who-accurately-predicted-2018-bitcoin-bottom-says-one-solana-based-altcoin-has-very-real-chance-of-exploding-450/#respond Thu, 26 Jun 2025 20:19:49 +0000 https://earlybirdsinvest.com/trader-who-accurately-predicted-2018-bitcoin-bottom-says-one-solana-based-altcoin-has-very-real-chance-of-exploding-450/

A widely followed analyst and trader who accurately predicted the Bitcoin (BTC) bottom in 2018 is highlighting one crypto asset that could go up by triple-digit percentage points.

The trader pseudonymously known as Bluntz tells his 321,100 followers on the social media platform X that dogwifhat (WIF), a memecoin built in the Solana (SOL) ecosystem, could go up by about 472% to reclaim and surpass the all-time high recorded in March of 2024.

“Still a lot of work to put in and need to see price action confirm, but I think there’s a very real chance a new impulse back to all-time high on WIF has commenced.”

According to the analyst who regularly applies the Elliott Wave theory in his technical analysis, WIF started a bullish uptrend earlier this month in a five-wave pattern. The Elliott Wave theory states that the main trend of the price of an asset moves in a five-wave pattern while a correction occurs in a three-wave pattern. Based on Bluntz’s chart on the three-day time frame, WIF bottomed out earlier this year.

Image
Source: Bluntz/X

Over the short term, the pseudonymous analyst says WIF could undergo a correction before rallying. Based on the widely followed analyst’s chart of the one-hour time frame, WIF could pull back by around 10% from the current level.

“Very obvious five-wave rise from the lows on hourly for WIF, would expect a bit of a pullback here before the next major leg up.”

Image
Source: Bluntz/X

WIF is trading at $0.845 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

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Dogecoin Price Hit An Early Bottom? Why $0.35 Is Still Possible https://earlybirdsinvest.com/dogecoin-price-hit-an-early-bottom-why-0-35-is-still-possible/ https://earlybirdsinvest.com/dogecoin-price-hit-an-early-bottom-why-0-35-is-still-possible/#respond Mon, 05 May 2025 07:11:28 +0000 https://earlybirdsinvest.com/dogecoin-price-hit-an-early-bottom-why-0-35-is-still-possible/ Dogecoin saw its price crash once again after a month of upward movement in April. This downturn has affected sentiment once again, pushing investors back into the fear territory. However, this might only be a small blip in the radar as the Dogecoin price could be ready for a rebound. One crypto analyst in particular has said that it is possible that the Dogecoin price has marked a bottom.

Dogecoin Price Might Have Bottomed After Crash

Crypto analyst Astronomer has called a possible bottom for the Dogecoin price after the rejection from $0.18. The analyst points out that the last time that the meme coin had similar fundamentals was back in October 2024, before the Dogecoin price rallied around 500% to a new local peak of $0.5.

This time around, the crypto analyst believes that the current fundamentals is the same as back in 2024, as the altcoin market would be bottoming out. But this time around, Astronomer is expecting that the Dogecoin price would rally higher than it did before.

Dogecoin

At this level, it is expected that the Dogecoin price will reverse and bring a lot of rewards for investors. “IMO, given this is an altcoin and the expectations are likely beyond 0.5$, having heavy spot bags already pays for little risk,” Astronomer said. “If you want a defined risk for a defined reward, I think a long as presented also makes sense.”

Reversal Pattern In The Works

The Dogecoin price is eyeing a reversal pattern after putting in a possible bottom. This was highlighted by another crypto analyst who has shown that the meme coin is showing a bullish divergence on the chart. At this level, it is the RSI that is bullish and the analyst believes a break above the 0.206 level from here would be positive for the price.

With bullish sentiment recovering, it is giving the Dogecoin price the push it needs to move upwards. Also, if the meme coin is able to close above the trend line shown in the chart below, it is expected to turn bullish for the price.

Dogecoin price

The first major target for the price is the resistance at $0.2, which is what the bulls need to beat. After this is when the $0.27 level comes into play, and the final target for 100% increase lies above $0.33.

Dogecoin price chart from TradingView.com

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Trader Who Nailed 2022 Bitcoin Bottom Says Ethereum Looks Massively Bearish, Outlines ETH’s Path to Bullish Trend https://earlybirdsinvest.com/trader-who-nailed-2022-bitcoin-bottom-says-ethereum-looks-massively-bearish-outlines-eths-path-to-bullish-trend/ https://earlybirdsinvest.com/trader-who-nailed-2022-bitcoin-bottom-says-ethereum-looks-massively-bearish-outlines-eths-path-to-bullish-trend/#respond Fri, 25 Apr 2025 12:35:11 +0000 https://earlybirdsinvest.com/trader-who-nailed-2022-bitcoin-bottom-says-ethereum-looks-massively-bearish-outlines-eths-path-to-bullish-trend/

A trader and analyst who accurately predicted the Bitcoin (BTC) bottom in November of 2022 is warning that Ethereum (ETH) is looking bearish overall on the weekly chart.

In a new video, the trader pseudonymously known as DonAlt tells the 66,200 subscribers of the TechnicalRoundup YouTube channel that ETH needs to reclaim the $2,000 level as support to start looking bullish again.

“The ETH chart, we’ve just broken down a bunch, and it needs to reclaim a little bit to look bullish. So right now, it’s still quite aggressively bearish, but we had a little bit of a good week. Reclaim $2,000 and we can start talking about major trend shift that we haven’t had in a long time.”

Source: DonAlt/YouTube

DonAlt also says that ETH needs to hold two key levels as support on the daily chart to keep alive the chance for a bullish reversal.

“What cannot be lost is basically down here [at ~$1,670]. Like you don’t want to see any close below here and you don’t want to see any move below the impulse move [at ~$1,540].”

Source: DonAlt/YouTube

ETH is trading for $1,764 at time of writing, down 2.2% in the last 24 hours.

Looking at Bitcoin, the analyst says if BTC can hold $90,000 as support on the weekly chart, it would likely confirm a bullish trend.

“Below here [$89,000], very scary. Close above $90,000 [on the weekly], early signal that the trend has shifted back to bullish again.”

Source: DonAlt/YouTube

Bitcoin is trading for $93,506 at time of writing, flat on the day.

 

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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XRP Consolidation About To Reach A Bottom, Wave 5 Says $5.85 Is Coming https://earlybirdsinvest.com/xrp-consolidation-about-to-reach-a-bottom-wave-5-says-5-85-is-coming/ https://earlybirdsinvest.com/xrp-consolidation-about-to-reach-a-bottom-wave-5-says-5-85-is-coming/#respond Sat, 19 Apr 2025 09:24:30 +0000 https://earlybirdsinvest.com/xrp-consolidation-about-to-reach-a-bottom-wave-5-says-5-85-is-coming/

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XRP is still in consolidation mode after hitting a new seven-year high in January 2025. This consolidation has seen the price drop slowly, but steadily, losing around 40% of its value since then. Currently, bulls seem to have created support for the altcoin at $2, as this level continues to hold even through crashes. Thus, it has created the expectation that the bottom could be close for the XRP price, and this could serve as a bounce-off point.

XRP Price Consolidation Could Be Over Soon

Taking to X (formerly Twitter), crypto analyst Dark Defender revealed that the consolidation that the XRP Price has been stuck in for months now is coming to an end. The analyst used the monthly chart for the analysis, calling out an end and a bottom for the XRP price. According to him, this is actually the “Final Consolidation” for XRP, suggesting that this is where a breakout would start from.

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With the consolidation expected to come to an end soon, the crypto analyst highlights what could be next for the altcoin using the 5-Wave analysis. Now, in total, these five waves are still very bullish for the price and could end up marking a new all-time high.

For the first wave, Dark Defender calls it the Impulsive Wave 1, which is expected to begin the uptrend. This first wave is expected to push the price back to $3 before the second wave starts, and this second wave is bearish.

The second wave would trigger a crash from $3 back toward $2.2, providing the setup for the third wave. Once the third wave begins, this is where the crypto analyst expects the XRP price to hit a new all-time high. The target for Wave 3 puts the XRP price as high as $5, clearing the 2017 all-time high of $3.8.

XRP
Source: TradingView

Next in line is the fourth wave, which is another bearish wave. This wave will cause at least a 30% crash, according to the chart shared by the crypto analyst, taking it back toward the $3 territory once again. However, just like the second bearish wave, the fourth bearish wave is expected to set up the price for a final and more explosive Wave 5.

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Once the fifth wave is in action, a brand-new all-time high is expected to happen, with the price rising over 100% from the bottom of the fourth wave. The target for this, as shown in the chart, is over $6.

As for the crypto analyst, the major targets highlighted during this wave action are $3.75 and $58.85. Then, for major supports and resistances, supports are $1.88 and $1.63, while resistances lie at $2.22 and $2.30.

XRP price chart from TradingView.com
Price moves toward next resistance level | Source: XRPUSDT on TradingView.com

Featured image from Dall.E, chart from TradingView.com

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Ethereum Fee Plunges To 5-Year Low—Is This A Bottom Signal? https://earlybirdsinvest.com/ethereum-fee-plunges-to-5-year-low-is-this-a-bottom-signal/ https://earlybirdsinvest.com/ethereum-fee-plunges-to-5-year-low-is-this-a-bottom-signal/#respond Fri, 18 Apr 2025 08:43:17 +0000 https://earlybirdsinvest.com/ethereum-fee-plunges-to-5-year-low-is-this-a-bottom-signal/

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On-chain data shows the Ethereum transaction fee has dropped to the lowest level in years recently. Here’s what this could mean for ETH’s price.

Ethereum Average Fees Now Valued At Just $0.168

In a new Insight post, the on-chain analytics firm Santiment has discussed the latest trend in the Average Fees of Ethereum. The “Average Fees” is a metric that, as its name suggests, keeps track of the average amount of fees that senders on the ETH network are attaching with their transactions.

This indicator’s value directly correlates to the amount of traffic that the blockchain is dealing with. The reason behind this lies in the fact that the network only has a limited capacity to handle transfers.

When the chain is busy, transfers can remain stuck in waiting until the transactions ahead of them clear out. Those who want their transactions to be processed ASAP can choose to attach a larger-than-average fee, so that the validators prioritise them.

In times of especially high traffic, this kind of competition among users can quickly drive the Average Fees up to significant levels. When there is little activity, however, senders have little incentive to pay any notable amount of fees, so the metric’s value can remain low.

It would appear that Ethereum has been witnessing the latter kind of conditions recently, as the Average Fees have registered a drop.

Ethereum Average Fees

Looks like the value of the metric has declined to a low level in recent days | Source: Santiment

As displayed in the above graph, the Ethereum Average Fees have fallen to a low of $0.168 recently, which is the lowest that it has been since 2020. This means that activity on the network is historically low at the moment.

According to the analytics firm, this may not actually be so bad from a trading perspective, as low fee periods can often precede rebounds in the cryptocurrency’s price.

Below is a chart that shows an example of this trend in action:

Ethereum Trend

The past trend in the transaction fees of ETH | Source: Santiment

As is visible in the above graph, the Ethereum Average Fees falling under the $1 mark back in 2023 led to bullish momentum for the asset. The explanation behind this pattern may lie in the fact that low-fee periods can indicate disinterest from the crowd.

Historically, ETH and other digital assets have tended to move in a way that goes contrary to the expectation of the majority. This means that a lack of optimism can lead to rebounds, while excessive hype can result in tops. From the chart, it’s apparent that ETH’s Q1 2024 top came as the metric surpassed $15, indicating a plethora of excitement.

“Generally, fee levels under $1 are a pretty promising sign that the crowd has become disinterested,” notes the analytics firm. “Just remember that there is no set guaranteed “bottom” or “top” level every time fee costs breach below or above a certain level.”

ETH Price

At the time of writing, Ethereum is trading around $1,600, up more than 1% in the last 24 hours.

Ethereum Price Chart

Looks like the price of the asset hasn't moved much recently | Source: ETHUSDT on TradingView

Featured image from Dall-E, Santiment.net, chart from TradingView.com

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