Author: John Smith
Bitcoin price remained in a tight range this week, and the waning Coinbase Premium Index points to more downside as institutional demand wanes. Summary Bitcoin price has formed a bearish pennant pattern on the daily chart. The Coinbase Premium Index has remained in the red, a sign of weak demand from the US. Futures open interest has continued falling this month. Bitcoin (BTC) was trading at $67,420 on Wednesday, down modestly from last weekend’s high of over $70,000. It has slumped by double digits from its all-time high of $126,300. One major risk facing Bitcoin is that institutional demand has…
Pepe Coin price retreated this week, moving from the weekend high of $0.000005030 to the current $0.000004325. Summary Pepe Coin price has formed a giant double-bottom pattern on the daily chart. This pattern points to a 150% surge to $0.00001080. Pepe’s futures open interest and volume have held steady this week. The Pepe (PEPE) token remains well above its year-to-date low of $0.0000031, giving it a market capitalization of over $1.78 billion. The ongoing consolidation is due to the crypto market’s price action, with Bitcoin and most altcoins remaining in a tight range. However, on the positive side, there are…
Solana’s price is showing renewed downside risk after bearish engulfing candles rejected key resistance, with weakening market structure increasing the likelihood of testing sub-$80 support levels. Summary Bearish engulfing candles confirm rejection at the key $90 resistance Loss of the point of control signals weakness, favoring further downside $78–$80 support is the critical zone, with Fibonacci and liquidity confluence Solana (SOL) price action has shifted back into a vulnerable technical position after a failed attempt to reclaim higher resistance. What initially looked like a potential stabilization has now turned into renewed weakness, as sellers regain control after a rejection at a…
Pi Network Coin’s price is surging this month, even as the broader crypto market remains muted, with Bitcoin stuck at $67,000. Summary Pi Network Coin price has rebounded by nearly 50% from its lowest level this month. The network will celebrate the first year anniversary of the mainnet launch on Friday. There are rising odds that it will be listed by Kraken, a top US exchange. Pi Coin (PI) token jumped to a high of $0.20 on Wednesday, February 18, up by nearly 50% from its lowest level this month. This rally has brought its market capitalization to over $1.68…
XRP price moved sideways on Wednesday after the developers activated the Permissioned decentralized exchange feature. Summary XRP price wavered on Wednesday after the developers activated the Permissioned DEX feature. The launch came after the recent activation of Permissioned Domains. It has formed a gravestone doji candlestick pattern pointing to more downside. Ripple (XRP) token traded at $1.4860, within the range it has held over the past few days. This price is much lower than the year-to-date high of $2.4160. Ripple reached a major milestone today by activating the Permissioned DEX feature, a unique solution for companies in the financial services…
Ethereum price is compressing into a tight bearish pennant, with declining volatility and converging structure signaling that a decisive move is approaching as downside risks continue to build. Summary Bearish pennant structure suggests continuation risk, not reversal Volume expansion is required to confirm a valid breakdown $1,740 swing low is the key downside target, if support fails Ethereum (ETH) price action is approaching a critical inflection point as the market compresses into a well-defined pennant structure. Periods of tightening range and declining volatility often precede strong directional moves, and in Ethereum’s case, the broader technical context leans bearish. The prevailing trend…
Bitcoin slips ~2% in 7d as MUFG touts stablecoins’ price-stable payments. Summary TC trades near $68k, with a 7d move of about -2.25%, and a 24h range around $66.7k–$69.1k. MUFG’s Hardman says stablecoins better meet money’s role via price stability, fast settlement, and low-cost transfers versus BTC’s higher volatility. Stablecoins, often fiat-pegged, are gaining attention as digital cash and could see higher adoption in payments while BTC remains mainly a store-of-value asset. An analyst at Mitsubishi UFJ Financial Group has stated that stablecoins represent a more suitable currency option than Bitcoin for payment purposes, according to recent commentary from the…