Shiba Inu (SHIB) has emerged as one of the best investments heading into the fourth and final quarter of 2021, with its price rising by over 390% in the first week of October. Nonetheless, the spin-off meme cryptocurrency now risks wiping most of those gains in the coming sessions. Yuriy Bishko, a Ukraine-based market analyst, discussed the potential bearish scenario based on Shiba Inu's recent price trends, which appear eerily similar to those recorded in the Dogecoin (DOGE) market earlier this year. For instance, SHIB's October price rally followed five months of consolidation inside a $0.00000398-wide price range. Similarly, DOGE's …

Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week. Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that derivative traders anticipated Bitcoin’s price to drop, as shown in the chart below. The data was taken on Sept. 28, when BTC price had fallen below $41,000 on Coinbase — down almost 23% from its month-to-date high near $52,950. The drop surfaced in the …

Bitcoin is back above $50,000 and bulls are currently attempting to secure a daily close above the oft-disputed level. The strength of Bitcoin (BTC) has also helped to kickstart momentum in the altcoins and at the time of writing, several tokens are seeing gains in excess of 20%. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Linear (LINA), Secret (SCRT) and Presearch (PRE). LINA moves closer to launching full governance features Linear is a decentralized delta-one asset protocol that is cross-chain compatible between the Ethereum network and the Binance Smart …

Crypto data provider CoinMarketCap continues expanding its reach by integrating its crypto price data into Presearch, a major decentralized search engine. CoinMarketCap has partnered with Presearch to provide its data feeds to the search engine, allowing users to see CoinMarketCap price data directly on Presearch, according to a Tuesday announcement shared with Cointelegraph. With the partnership, Presearch’s 2.4 million registered users will instantly see a CoinMarketCap-provided overview for any crypto-related term on the engine, including prices, daily volumes, a market capitalization, circulating supply and total supply. “The function will roll out immediately tomorrow and will be available wherever users use …

AXS, the native token of Axie Infinity, a play-to-earn nonfungible token (NFT) game built atop the Ethereum blockchain, rallied more than 100% on a quarter-to-date (QTD) timeframe to refresh a new record high above $155. Nonetheless, the cryptocurrency now risks paring a portion of its recent gains as a key technical indicator, dubbed the relative strength index (RSI), flashes its overbought conditions. In doing so, it might correct below $90 — almost a 40% drop. The bearish outlook surfaces after studying the relationship between AXS’s price and its RSI readings. In detail, when the RSI rallies above 70, it mostly …

Bids for Ethereum’s native token, Ether (ETH), could rise to $13,000 in the next two months if history repeats itself. Ether saw a fractal indicator from 2017, consisting of at least four technical patterns that were instrumental in pushing ETH price up by over 7,000%. The same set of bullish indicators have flashed once again in 2021 as Ether trades above $3,350 after rallying over 360% year-to-date. The 2017 Ether fractal, explained In detail, the four technical indicators are the relative strength index (RSI), stochastic RSI, bullish hammer and a Fibonacci retracement level. It started with the bullish hammer’s occurrence …

Bitcoin (BTC) failed to break the so-called September curse, with its price falling by a little over 7% into the month despite a strong rebound rally right ahead of its close. Nonetheless, Bitcoin looks to be making a comeback in October, a month known for painting aggressive bullish reversals. Bybt data shows that Bitcoin has closed October in profit the majority of the time since 2013 — with a success rate of over 77%. Last year, the cryptocurrency surged by 28% to reach levels above $13,500 after finishing September at around $10,800, following an approximate 7.5% decline. Similarly, Bitcoin climbed …

Last week's drop in Bitcoin (BTC) that saw the price of Bitcoin falling from $47,358 to $43,178 has sparked fears of an extended selloff. Independent market analyst Nunya Bizniz highlighted a bearish fractal on Bitcoin's weekly charts concerning its 21-week exponential moving average (EMA). In detail, the cryptocurrency has closed below the said support zone 18 times to date but only retained its previous bullish bias four times out of all—as shown by the dotted vertical lines in the chart below. In the remaining cases, a close below the 21-week EMA led Bitcoin prices extremely lower, barring a fake bearish …

Ethereum's native token Ether (ETH) rates may fall to a two-month low after it slid below support at around $2,954, based on a classic trading pattern. The $2,954 level represents a so-called neckline constituting a head and shoulders setup. In detail, the said support level appears to be a floor to three peaks, with the middle one (HEAD) higher than the other two (SHOULDERS). A breach below the $2,954 level signals a trend reversal, suggesting that ETH/USD may fall by a length equal to the distance between the head's peak and neckline. Peter Brandt, CEO of global trading firm Factor …

Prices of Ethereum's native asset, Ether (ETH), slumped on Sept. 20 amid a broad sell-off in the cryptocurrency market, led by worries about a potential housing bubble crisis brewing in China. The ETH/USD exchange rate dropped as much as 12.52% to $2,911 on the Coinbase exchange, hitting its lowest levels since the beginning of August. Elsewhere in the crypto market, Bitcoin (BTC), Binance Coin (BNB), Cardano (ADA), Solana (SOL) and other top tokens plunged in tandem. The drop imitated the mood in the broader market as United States equities plunged following a day of red in both the Asia-Pacific and …

Shiba Inu (SHIB) crept up Friday as traders assessed its addition on Coinbase, one of the world’s leading crypto exchanges. The SHIB/USDT exchange rate jumped up to 16.42% to $0.00000950 for the first time since June 29, 2021. The latest move uphill came as a part of an overall bullish trend that started Thursday, wherein SHIB rallied by more than 26%. As a result, the token ended up pushing its returns up by over 40% in just two days of trading. Gains for SHIB started emerging after Elon Musk, CEO of Tesla, tweeted about the arrival of a new Shiba …

Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops after the price first rallies significantly to the upside and then corrects to carve out a rounding bottom, called the “cup.” The move follows a rebound toward the prior high and a failed breakout attempt above the said level. As a result, the price pulls …