Fizzle – Cryptocurrencypanther

XRP Price Explodes 25%: Will The Recovery Sustain or Fizzle Out?

admin — Tue, 04 Feb 2025 05:28:44 +0000

XRP price recovered most losses and rallied over 25%. The price is back above $2.65 and now faces hurdles near the $2.820 level.

XRP price started a strong upward move above the $2.50 level.
The price is now trading below $2.80 and the 100-hourly Simple Moving Average.
There was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair (data source from Kraken).
The pair might start a fresh increase if it clears the $2.820 resistance zone.

XRP Price Recovers Over 25%

XRP price started a fresh decline below the $2.850 zone, like Bitcoin and Ethereum. The price declined heavily below the $2.50 and $2.350 support levels. The bears even pushed it below $2.00.

There was a sharp drop of over 25% and the price tested the $1.75 zone. A low was formed at $1.75 and the price recently started a sharp recovery wave. The bulls pumped the price above the $2.20 and $2.50 levels. There was a move above the 61.8% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low.

Besides, there was a break above a connecting bearish trend line with resistance at $2.420 on the hourly chart of the XRP/USD pair. The price is now trading below $2.80 and the 100-hourly Simple Moving Average.

On the upside, the price might face resistance near the $2.80 level. The first major resistance is near the $2.820 level and the 76.4% Fib retracement level of the downward move from the $3.155 swing high to the $1.750 low. The next resistance is $2.940.

A clear move above the $2.940 resistance might send the price toward the $3.00 resistance. Any more gains might send the price toward the $3.050 resistance or even $3.120 in the near term. The next major hurdle for the bulls might be $3.20.

Another Decline?

If XRP fails to clear the $2.820 resistance zone, it could start another decline. Initial support on the downside is near the $2.620 level. The next major support is near the $2.50 level.

If there is a downside break and a close below the $2.50 level, the price might continue to decline toward the $2.450 support. The next major support sits near the $2.350 zone.

Technical Indicators

Hourly MACD – The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level.

Major Support Levels – $2.620 and $2.450.

Major Resistance Levels – $2.80 and $2.820.

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Will SocialFi Fizzle? Dogecoin Founder Sounds The Alarm – Bitcoinist

admin — Fri, 03 May 2024 04:49:07 +0000

Will SocialFi Fizzle? Dogecoin Founder Sounds The Alarm Bitcoinist

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Unlike Tamadoge And Shiba Inu, Big Eyes Coin Will Not Explode And Fizzle Out

admin — Wed, 12 Oct 2022 13:11:38 +0000

When crypto-enthusiasts talk about a coin exploding they mean this as a good thing.

A cryptocurrency explodes when the price either jumps in value and its market capitalization increases drastically. These two conditions can mean investors surge to jump on the trend, and as a result, the value of the coin is boosted. Holders of the coin that have exploded aim to cash out at the peak of the coin’s value to generate the greatest amount of profit.

This is any investor’s dream and the goal of any cryptocurrency. However, there is more to a crypto’s success than just its initial explosion. An explosion connotes a huge amount of activity that quickly sizzles out. Both Tamadoge (TAMA) and Shiba Inu (SHIB) have exploded in the past, but their current market capitalisation tells a different story. It is safe to say investors of these coins have been left feeling disappointed after losing out.

Alternatively, Big Eyes Coin (BIG) is not only showing a potential sign of explosive growth but has measures in place to ensure the coin keeps on growing.

Tamadoge Is Crashing After Phenomenal Presale

This meme token has had a remarkable presale run, generating over $15 million in a couple of weeks. Everything seemed to be going right for Tamadoge (TAMA), even once it was released onto the markets.

For the first week, TAMA’s price spiked, fulfilling holders’ hopes that all the hype had paid off. Because the presale had done so well, investors had wished the same could be said for the public release of the meme token. Unfortunately, by the second week of its public release, TAMA tanked. At the time of writing this article, Tamadoge (TAMA) went down 7.41% in the last 24 hours.

Shiba Inu Has Relied On Elon Musk For Value

??Towards the end of 2021, Shiba Inu (SHIB) had a market capitalization of $41 billion. However, many have felt that this was only because of business magnate and investor Elon Musk. Shiba Inu became a household name when Elon Musk tweeted he was thinking of getting a Shiba Inu puppy. Shiba Inu (SHIB) was looking to seriously compete with Dogecoin (DOGE) and even become the best meme coin on the market.

Unfortunately, as Elon Musk perhaps single-handedly helped boost Shiba Inu to significance, he also, to some investors, destroyed it. After being asked if he owned any SHIB, Musk responded with “None” and consequently made the currency shrink by 20% on the same day.

Big Eyes Coin Is Here To Last In The Long Run

Looking for the next crypto to explode is the most important task of any crypto investor, but people underestimate the power of longevity. Tamadoge was all set to explode, and it did. However, this explosion only lasted a week. Shiba Inu had reached unimaginable heights and even greater profits. Unfortunately, without much intrinsic value, once the endorsements from Elon Musk ended, Shiba Inu plummeted.

The new Big Eyes Coin (BIG), currently in its presale, is showing every sign that this cute cat may take off. However, what makes Big Eyes different from Shiba Inu and Tamadoge is that the currency will continue to thrive once it has been released.

Out of all BIG tokens, 5% will be used in a designated marketing wallet which is currently being used to spread the word about Big Eyes in a fun and creative way. This cut cat is probably one of the most well-designed meme currencies out there. With a strong social media campaign and the backing of several influencers, Big Eyes’ presence will only grow larger.

While the term ‘real-world’ utility is often thrown about, in Big Eyes’ case, this truly applies. Following on from the cat theme, 5% of all Big Eyes coins (BIG) will also be donated to a charity wallet to go to ocean sanctuaries. Big Eyes also has initiated other charity projects, including a $1000 donation to Luna Charity.

Although many other meme currencies have come before Big Eyes coin, this adorable kitten is not just paving the way for its explosion, but towards its longevity too.

For more information on this project:

Presale: https://buy.bigeyes.space/?section=buy

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

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