Despite the bullish fervor, a crypto analyst has donned the cloak of a Cassandra, warning that the recent rally—oh, what a glorious fakeout it was!—was merely a mirage, a fleeting illusion that left investors gasping for breath. The price, having briefly kissed the $170 resistance, now finds itself trapped in an ascending channel, a gilded cage where the only escape is a plunge into the abyss of $162.30. How romantic.
The surge starts with major updates to New Junk City and Suravasa.
Alas, the price of Ethereum still wanders shyly at the threshold of $4,000—a lofty peak last grazed by the adventurous in mid-December 2024. 🎢
Thanks, Ryokuta2089.
Here is an overview of the game, via SUCCESS Corporation:
After scaling the heights of an all-time high (ATH), Ripple [XRP] now finds itself in a state of consolidation, perched precariously above the crucial support level of $3.35. Yet, in the world of finance, every peak is but a prelude to a fall, or so the bears would have us believe.
But hold your horses! Two hints on the lower timeframe suggest this might not just be a one-off leap; trend strength is back in the ring, and a second MOVING-AVERAGE trigger is lurking around the corner, like a cat eyeing a laser pointer. 👀
This all commenced after a superb breakout from a classic ascending triangle—think of it as the bullish version of a love triangle, but with profits. The move suggests a goal near $1,000, with the RSI still playing coy—remaining just shy of overbought, meaning there’s plenty of room for more dramatic performances. 🎭
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