In today’s crypto news, a well-known analyst and trader is warning that XRP could be on the verge of a major collapse. On X, crypto trader Ali Martinez pointed out that XRP is forming a bearish head and shoulders pattern on the daily chart. If XRP drops below $2, it could trigger a significant crash, making it crucial for long-term holders to defend this price level.
Meanwhile, Bitcoin has reached a make-or-break support level, and DOGE is also at a critical turning point. On the other hand, a secret bullish pattern is emerging for Solana (SOL), sparking speculation about potential upward movement. However, some analysts believe that the current bullish cycle may be coming to an end based on technical chart patterns.
Are you a chart trader, or do you rely on news and market sentiment when making investment decisions? Ideally, a combination of both is key. Always analyze the charts and stay informed—research is essential before investing in any cryptocurrency.
Bitcoin’s Key Levels to Watch
Experts suggest that for Bitcoin to regain strength, it needs to break past the critical resistance level of $91,700—a decisive move above this mark could signal a trend reversal. On the downside, $75,000 serves as a key support level, where Bitcoin could find stability if selling pressure increases.
Could SHIB Rally 17x?
There are growing speculations that Shiba Inu (SHIB) could see a 17x rally as investors continue accumulating tokens. Analysts believe that SHIB could break through key resistance levels, fueled by bullish sentiment and long-term holders maintaining their positions.
Final Thoughts
Remember, this is not financial advice—always do your own research before making any investment decisions.
Thank you for reading!
Crypto King
