Crypto News Digest by U.Today

Here are the top three news stories of the last day, presented by U.Today.

XRP on the verge of crazy price pump – if John Bollinger’s troops are right

Conformable a recent analysis from the XRP price chart, the Ripple affiliate token could be set for a significant increase in value. Bollinger Bands, a technical indicator created by prominent trader John Bollinger, are currently experiencing a notable narrowing, signifying a period of low volatility, often preceding major price moves. A similar narrowing occurred in 2017; back then, the price of XRP rose by 55,000%, reaching $3.30 per token in early 2018. Another contraction occurred in late 2020; after that, XRP reached almost $2 per token by April 2021. Thus, the continuous narrowing of the Bollinger Bands, which started in November 2022, supports the possibility of the potential increase in the value of XRP in the near future.

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Major Shiba Inu update teased by a SHIB team member: Details

In a recent X postLucie, Shiba Inu Marketing Leader, divided some details about the main product that the SHIB development team plans to release soon on Shibarium. Lucie wrote that the Shib ecosystem is becoming a hub for innovation “driven by blockchain technology and a dedicated community.” At the center of this hub will be the SHIB Marketplace, which Lucie defined as “a decentralized platform established to democratize power among its users, rather than in centralized corporations.” The SHIB representative then presented the list of key features and core components of the new SHIB product, such as financial autonomy (the market will use smart contracts to eliminate any intermediaries), active participation (users will actively shape the market, making them participants). rather than consumers) and more. However, Lucie did not provide any dates for the launch of SHIB Marketplace.

The ultra-bullish Cardano price pattern that no one is talking about

Cardano has recently turned market watchers’ heads, as it is format an interesting pattern on its price chart. At this point, ADA reached a crucial price level, $0.35, which has consistently served as a pivot or resistance point. This support level proved its strength once again last week when the price of ADA held firm at $0.35 after a 12% decline. After stabilization, the weekly candle closed above this level, which triggered a staggering 15.3% increase in ADA price over the next four days. Notably, this price increase occurred on relatively low trading volumes. This pattern suggests a potential ultra-bullish trend for Cardano that has gone largely unnoticed. As ADA maintains its stability at this critical support level and starts to rise, investors may become more interested in this symbol.