The cryptocurrency is currently trading around $2. 19, up approximately 2. 9% over the past 24 hours, with a 24-hour volume of $6. 2 billion. This price action places XRP close to the psychologically significant $2 support level, an area closely monitored by analysts and investors amid periods of consolidation and heightened market volatility. Technical Outlook: 100 WEMA in Focus XRP’s weekly chart indicates a retest of the 100-week Exponential Moving Average (WEMA) at approximately $1. 90, the first since its breakout in November 2024. This moving average coincides with the Supertrend indicator, creating a technical confluence that historically can act as a stabilizing support zone. “RP has the potential to turn the 100 WEMA into support. This is the first retest of this moving average since the break above in Nov 2024,” noted independent market analyst @ChartNerdTA, who focuses on trend-based models and medium-term technical analysis. XRP tests the 100-week WEMA near $1. 90, aligned with Supertrend support, marking its first retest since November 2024. Historical fractals, like those seen in 2017, are included as reference points; however, these patterns are illustrative rather than predictive, given that market conditions and liquidity differ across cycles. On-Chain Activity: Whales in Focus On-chain data shows notable activity from large XRP holders, often referred to as whales. Over the past 72 hours, addresses holding between 1 million and 10 million XRP reduced their holdings by over 180 million tokens, coinciding with a 17% price surge. “While RP jumped 17% in the last 72 hours, whales used the move to lock in profits,” reported @ali_charts, who monitors blockchain metrics and supply concentration. XRP jumps 17% in 72 hours as whales sell over 180M tokens to lock in profits. 3 billion XRP in mid-October to about 4. 7 billion by late November. While this may reflect profit-taking, historical analyses suggest whale activity sometimes aligns with consolidation bottoms, depending on the broader accumulation trend. Providing context, traders often interpret whale reductions cautiously: the move does not inherently drive price direction but offers insight into market sentiment and liquidity distribution. Key Support and Resistance Levels XRP’s current technical range highlights critical support between $1. 90 and $2. 00, with immediate resistance at $2. 35-$2. 45. These levels are derived from historical price reactions and trendline analysis, providing context for short-term market behavior. XRP rebounds from $2 support, hinting that the 2017 fractal pattern may still be influencing price action. 90-$2. 00 Resistance: $2. 35-$2. 45 Potential extension scenario: ~$4 (based on historical consolidation patterns and prior swing highs, but not a guaranteed target) The support zone is crucial for near-term stability. A breach below this range could prolong consolidation or trigger short-term weakness, while a sustained hold may indicate balanced supply-demand dynamics. Market Implications For traders and investors, XRP’s retest of the $2 support and 100 WEMA presents a scenario-based inflection point rather than a definitive forecast: Scenario 1: Holding above $2 may allow consolidation and gradual upward momentum, assuming liquidity conditions remain supportive. Scenario 2: Falling below $1. 90 could lead to extended consolidation or pressure toward lower support, emphasizing the need for cautious position sizing. Integrating technical and on-chain insights offers a broader risk framework, encouraging market participants to consider multiple signals rather than relying solely on short-term price moves. Final Thoughts XRP is navigating a delicate balance between support and resistance, with the 100-week WEMA providing a key reference for trend assessment. While whale activity and historical fractals provide context, these factors should be interpreted as part of a wider analytical approach rather than deterministic predictors. XRP was trading at around $2. 18, up 2. 91% in the last 24 hours at press time.
https://bitcoinethereumnews.com/tech/xrp-price-today-xrp-gains-above-2-support-and-tests-100-wema-signaling-potential-bullish-reversal/
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PEPE Drops After Pattern Breakdown, Eyes $0.00000185 Level
PEPE shows a clear downward trend over the past week, dropping from about $0. 000005008 to roughly $0. 000004175. This reflects an estimated decline of around 16% over the period. The overall momentum remains weak, signaling that sellers continue to maintain control of the market. As of today, PEPE shows a strong intraday recovery, rising from around $0. 00000407 after early volatility to about $0. 000004182. The price action reflects a clear shift from bearish movement to steady upward momentum throughout the day. At press time, PEPE was trading at $0. 000004182, reflecting a modest 3. 41% increase over the past 24 hours. 00000185 Target After Pattern Confirmation PEPE breaks down from a head-and-shoulders pattern near $0. 0000044, confirming a major bearish reversal signal. The chart clearly outlines the left shoulder, head, and right shoulder formation, followed by a clean breakdown below the neckline, an area that had previously acted as strong multi-month support. Once this level failed, selling pressure intensified, showing that bulls were unable to regain control or defend any nearby support zones, reinforcing the bearish shift in momentum. 00000185. This aligns with the 1. 618 extension, often used to project full downside completion after a confirmed reversal structure. As long as PEPE remains below the neckline and continues forming lower lows, the technical outlook points toward an extended decline into this zone. Unless buyers reappear and reclaim key resistance levels soon, the trend suggests PEPE may drift further toward this target before any meaningful recovery attempt. PEPE Extends Weekly Downtrend as Momentum Continues to Fade The weekly chart clearly shows that PEPE remains stuck in a decisive downtrend, with price action forming consistent lower highs and lower lows ever since the major blow-off top. Each rebound has grown progressively weaker, signaling fading bullish strength and a lack of conviction from buyers. This kind of structure is typical when a macro trend has shifted from expansion to distribution, and the highlighted zones on the chart reinforce how momentum has steadily drained from the market. The next demand area will be crucial; if buyers fail to defend it, the token could drift even lower in the coming weeks. However, if accumulation starts to appear, a temporary relief bounce becomes possible.
https://bitcoinethereumnews.com/tech/pepe-drops-after-pattern-breakdown-eyes-0-00000185-level/
Worldcoin Extends Its Downtrend as Open Interest Falls and Price Stabilization Attempts Remain Weak
The asset remains near multi-month lows as momentum weakens across both spot and leveraged markets, offering limited evidence of a near-term trend reversal. Open Interest Declines as Price Forms Lower Lows on the 1H Chart Open interest in WLD derivatives has steadily decreased over recent sessions, mirroring the asset’s consistent downtrend on the 1-hour timeframe. After posting levels above 83. 5M, open interest slid toward the 82M range during the sharp decline between the 12th and 14th, indicating that traders were closing positions rather than adding new short pressure. Source : Open Interest & Price Action The 1H chart shows a textbook bearish structure, with lower highs and lower lows forming from November 10 onward. While price experienced a slight stabilization near the 17th-18th, the recovery has been shallow, producing small-bodied candles and wicks that signal indecision rather than renewed buying strength. The mild uptick in open interest during the consolidation phase suggests early positioning-potentially accumulation or short covering-but the magnitude remains too small to shift market structure. For now, the combination of falling price and reduced leveraged exposure underscores a market still in de-risking mode, lacking the conviction needed for a meaningful reversal. WLD Trades at $0. 67 as Market Cap Holds Above $1. 56 Billion According to BraveNewCoin data, Worldcoin is currently trading at $0. 67, reflecting a -1. 50% decline over the past 24 hours. The project’s market capitalization is reported at $1, 569, 369, 054, supported by $182, 784, 361 in daily trading volume. Circulating supply is recorded at 2, 331, 503, 775 tokens, placing Worldcoin at Rank 73 by market capitalization. Despite the controlled pullback, intraday price ranges remain tight, and liquidity flows show moderation. Worldcoin’s subdued session reflects a broader theme of consolidation and low volatility, with spot metrics providing no clear signal of bullish momentum returning in the short term. Daily Chart Shows Multi-Month Breakdown and Bearish Continuation TradingView’s WLD/USDT daily chart reveals a prolonged downward trajectory extending from earlier highs near $1. 80 in June. After a strong rally in early summer, the asset shifted into an extended consolidation range from June through August, with reduced volatility indicating hesitation among market participants. The coin now trades around $0. 67, near its yearly lows, with elevated sell-side volume confirming persistent bearish sentiment. Volatility remains moderate, and no major reversal structure has yet formed. Price continues to trend downward in alignment with weakening momentum, while the overall pattern reflects a slow grind lower rather than sudden capitulation.
https://bitcoinethereumnews.com/tech/worldcoin-extends-its-downtrend-as-open-interest-falls-and-price-stabilization-attempts-remain-weak/
Seized Bitcoin Investigation: Taiwan’s Crucial Crypto Decision
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title: Seized Bitcoin Investigation: Taiwan’s Crucial Crypto Decision
category: Crypto News
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**Seized Bitcoin Investigation: Taiwan’s Crucial Crypto Decision**
The post *Seized Bitcoin Investigation: Taiwan’s Crucial Crypto Decision* appeared on [source].
Taiwan is at the center of a critical investigation involving seized Bitcoin, marking a significant moment in the country’s approach to cryptocurrency regulation and enforcement. This case highlights the challenges and decisions faced by authorities in handling digital assets amid rising crypto activities.
As the investigation unfolds, Taiwan’s regulatory stance could set a precedent for future cases involving cryptocurrency seizures and legal processes. The outcome will likely influence not only domestic policies but also international cooperation on cybercrime and asset recovery.
Stay tuned for more updates on this developing story as Taiwan navigates its crucial crypto decision.
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*Source:* [Insert source link here]
https://bitcoinethereumnews.com/bitcoin/seized-bitcoin-investigation-taiwans-crucial-crypto-decision/
What Traders Must Know Now
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title: Essential Bithumb HIVE Suspension: What Traders Must Know Now
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# Essential Bithumb HIVE Suspension: What Traders Must Know Now
The post **What Traders Must Know Now** appeared on [source name].
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**Home » Crypto News » Essential Bithumb HIVE Suspension: What Traders Must Know Now**
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Bithumb, one of the leading cryptocurrency exchanges, has recently announced the suspension of HIVE trading on its platform. This move has significant implications for traders and investors dealing with HIVE tokens.
In this article, we break down everything traders must know about the Bithumb HIVE suspension to help you navigate the current situation effectively.
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**Key Details of the Suspension**
– The suspension affects all HIVE trading pairs on Bithumb.
– The suspension date and duration have been specified by Bithumb.
– Deposits and withdrawals of HIVE may also be impacted.
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**What This Means for Traders**
– Traders holding HIVE on Bithumb should monitor updates closely.
– Trading options for HIVE will be temporarily unavailable during the suspension.
– It is advised to plan accordingly to mitigate potential risks.
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**Next Steps**
– Stay updated via official Bithumb announcements.
– Consider alternative exchanges for HIVE trading if necessary.
– Review your portfolio and adjust trading strategies as needed.
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For more detailed information and ongoing updates, keep following our crypto news section.
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*Source: [Insert Source Link]*
https://bitcoinethereumnews.com/tech/what-traders-must-know-now/
Arthur Hayes Reveals His $300-$350 Buying Plan
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title: Smart ZEC Investment Strategy: Arthur Hayes Reveals His $300-$350 Buying Plan
category: Crypto News
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**Smart ZEC Investment Strategy: Arthur Hayes Reveals His $300-$350 Buying Plan**
Arthur Hayes, a prominent figure in the crypto space, recently shared his investment strategy for ZEC (Zcash), outlining a clear buying plan in the price range of $300 to $350.
In his latest insights, Hayes emphasized the potential value and growth prospects of ZEC, suggesting that investors consider accumulating the asset when it trades between $300 and $350. This range, according to Hayes, represents an optimal entry point based on his market analysis and outlook.
For those interested in smart investment approaches within the cryptocurrency market, Hayes’ strategy provides a useful framework to evaluate ZEC’s potential and timing for purchase.
Stay tuned for more updates and expert analyses on crypto investment strategies.
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*Source: Arthur Hayes Reveals His $300-$350 Buying Plan*
https://bitcoinethereumnews.com/tech/arthur-hayes-reveals-his-300-350-buying-plan/
Shocking Bitcoin Move: Early Investor Owen Gunden Transfers $73.2M To Kraken
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title: Shocking Bitcoin Move: Early Investor Owen Gunden Transfers $73.2M to Kraken
category: Crypto News
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**Shocking Bitcoin Move: Early Investor Owen Gunden Transfers $73.2M to Kraken**
In a surprising development, early Bitcoin investor Owen Gunden has transferred a staggering $73.2 million worth of Bitcoin to the cryptocurrency exchange Kraken. This unexpected move has caught the attention of the crypto community and investors alike.
### What This Means for Your Crypto Portfolio
Such a significant transfer by a prominent investor like Gunden could signal a shift in market sentiment or upcoming strategic moves. For individual investors, it’s important to consider the potential implications:
– **Market Volatility:** Large transfers can sometimes precede market fluctuations. Be prepared for potential price swings.
– **Liquidity Impact:** Moving substantial holdings to an exchange may indicate plans to sell or trade, potentially affecting liquidity.
– **Strategic Adjustments:** Keep an eye on further developments, as this move might be part of a larger investment strategy.
As always, maintaining a diversified portfolio and staying informed about market trends remain key strategies for navigating the dynamic cryptocurrency landscape.
Stay tuned for more updates on this developing story.
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*Source:* [Insert source link here]
https://bitcoinethereumnews.com/bitcoin/shocking-bitcoin-move-early-investor-owen-gunden-transfers-73-2m-to-kraken/
Wemade’s Groundbreaking StableNet Source Code Release
**Revolutionary Won-Pegged Stablecoin Blockchain: Wemade’s Groundbreaking StableNet Source Code Release**
Wemade has announced the groundbreaking release of the StableNet source code, marking a significant milestone in the world of blockchain technology. This innovative development introduces a revolutionary won-pegged stablecoin blockchain that promises enhanced stability and efficiency in digital transactions.
The release of the StableNet source code opens new possibilities for developers and users alike, enabling a more transparent and secure stablecoin ecosystem. Wemade’s commitment to advancing blockchain technology is evident in this strategic move to share its robust framework with the broader community.
Stay tuned for more updates on how StableNet is poised to transform the digital currency landscape and empower a new wave of blockchain applications.
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*Home > Crypto News > Revolutionary Won-Pegged Stablecoin Blockchain: Wemade’s Groundbreaking StableNet Source Code Release*
https://bitcoinethereumnews.com/tech/wemades-groundbreaking-stablenet-source-code-release/
3 Essential Criteria For Secure Crypto Growth
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title: “Stablecoin Adoption: 3 Essential Criteria for Secure Crypto Growth”
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# Stablecoin Adoption: 3 Essential Criteria for Secure Crypto Growth
The post **3 Essential Criteria For Secure Crypto Growth** appeared on com.
In the rapidly evolving world of cryptocurrencies, stablecoins have emerged as a pivotal element driving mainstream adoption. However, ensuring secure and sustainable growth in the crypto space requires careful consideration of key factors.
Here are three essential criteria for secure crypto growth through stablecoin adoption:
1. **Regulatory Compliance**
To foster trust and long-term viability, stablecoins must comply with relevant regulations. This includes adhering to anti-money laundering (AML) and know your customer (KYC) standards to prevent misuse and protect investors.
2. **Transparency and Auditing**
Maintaining transparency about reserves backing stablecoins is critical. Regular audits by reputable third parties provide assurance that the issued stablecoins are fully collateralized, bolstering confidence among users.
3. **Robust Technology Infrastructure**
The technical foundation of stablecoins should prioritize security, scalability, and interoperability. Ensuring these elements helps maintain stability and facilitates integration with existing financial systems.
By focusing on these criteria, the crypto ecosystem can achieve a more secure and sustainable growth trajectory. Stablecoin adoption, when implemented responsibly, has the potential to bridge traditional finance and decentralized technologies effectively.
*Source: com*
https://bitcoinethereumnews.com/crypto/3-essential-criteria-for-secure-crypto-growth/
ICP’s Short-Term Bounce Hits $3.67 on Liquidations, But Long-Term Downtrend Persists
**ICP Price Bounce Fueled by Short Liquidations and Volume Surge**
Short liquidations at the $3.55 level sparked a significant bounce in the price of Internet Computer (ICP), attracting buyers and driving a 6.5% increase. This upward move was supported by high trading volumes, propelling ICP to reach $3.67. However, the price later dipped after encountering resistance near $3.75—a level that has held firm since mid-October.
Over a 24-hour period, ICP experienced a liquidity build-up that contributed to the surge. Data shows that the $3.75 supply zone continues to act as a key resistance barrier for the token.
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### What Fueled the ICP Price Bounce?
The ICP price bounce was primarily triggered by a cluster of short liquidations around the $3.55 level. These liquidations generated substantial buying pressure, lifting ICP’s value by 6.5% within 24 hours, rising from $3.33 on November 1st to a peak of $3.67.
Increased trading activity following the dip played a crucial role in amplifying this movement. Despite the rally, the price faced stiff resistance at the $3.75 supply zone, which has been well-established since mid-October.
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### What Could Indicate ICP’s Next Moves?
Market data from CoinGlass highlights a notable liquidity cluster at $3.55 that attracted buyers on November 2nd, driving the price upward. Prior to this, prices dipped to $3.33 before stabilizing near $3.50 for almost a day. This consolidation phase built up short positions, whose liquidation fueled the subsequent surge.
Assets in similar scenarios often gravitate toward high-liquidity zones. For ICP, the next significant resistance lies between $3.70 and $3.75, where gains may be capped unless momentum shifts.
Trading volumes spiked during this upward movement; however, without a change in the broader trend, this bounce may be a temporary correction rather than a sustainable reversal. Analysts emphasize that liquidity-driven rallies require confirmation from higher timeframes to validate a sustained breakout.
Historical price action shows that ICP’s resilience is frequently tested by persistent supply pressures. Notably, on November 1st, the $3.33 level acted as a supportive floor before the rebound unfolded.
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### Frequently Asked Questions
**Why did ICP experience a sudden 6.5% price increase on November 2nd?**
The rally was triggered by accumulated short liquidations near $3.55, sparking upward momentum amid rising trading volumes. This followed a consolidation period around $3.50 and culminated in a peak at $3.67 before a minor pullback.
**Is the ICP price bounce a sign of a broader recovery in the cryptocurrency market?**
While the bounce indicates short-term buying interest driven by liquidations, it does not confirm a broader market recovery. ICP’s weekly charts show a persistent downtrend dating back to March. This trend has remained intact despite earlier Bitcoin rallies in April and June. Traders should watch for sustained breaks above critical resistance levels before considering a trend reversal.
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### Resistance Challenges and Long-Term Strategy
The $3.75 to $3.78 zone remains a key resistance barrier for ICP. Bearish technical indicators, such as negative readings on the Chaikin Money Flow (CMF) and the Awesome Oscillator, continue to exert downward pressure.
To confirm a bullish turnaround, investors should watch for a decisive break above $3.80 with a successful retest of that level as support. Until such confirmation, the downtrend that began in March remains the dominant market structure.
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### Conclusion
The recent ICP price bounce illustrates how clusters of liquidity can trigger short-term rallies in volatile cryptocurrency markets. However, the token’s broader trajectory is still shaped by a bearish weekly pattern that has persisted since March.
As ICP tests supply zones near $3.75, investors are advised to rely on data from reliable analytics tools to make informed trading decisions. Monitoring shifts in momentum will be key to identifying strategic opportunities in the evolving landscape of Internet Computer.
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*Disclaimer: The information presented in this article is for informational purposes only and does not constitute financial, investment, or trading advice.*
https://bitcoinethereumnews.com/tech/icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists/?utm_source=rss&utm_medium=rss&utm_campaign=icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists