Shiba Inu Shows Special Pattern Indicating Potential Uptrend, Controversial XRP Outlook Shared by Top Crypto Trader, Coinbase Lists PEPE Mem...

U.Today's Top Crypto News

1. Shiba Inu (SHIB) Follows Elliott Wave Pattern, Predicting Upward Movement

Shiba Inu (SHIB) exhibits a classic Elliott Wave pattern, suggesting a structured trajectory. Under this theory, markets move in five waves during significant trends, with two against the primary trend (2 and 4) and three with it (1, 3, and 5). SHIB currently appears in wave two of a correction, poised for potential upward movement in wave three. Maintaining support at $0.000020 is crucial to strengthen this anticipated growth, pushing the price to resistance levels between $0.000035 and $0.000040.

2. Crypto Trader DonAlt Shares Controversial XRP Outlook

Crypto trader DonAlt weighs in on XRP's recent price surge of 47% over the past week. While it signals a positive trend, DonAlt believes the situation is complex. He suggests that older cryptos like XRP may struggle to attract investors, who may prefer newer options. However, he expresses optimism about a potential XRP price spike, based on a "gut feeling" for an upward move.

3. Coinbase Lists Pepe Coin (PEPE)

Coinbase, a leading US cryptocurrency exchange, listed Pepe Coin (PEPE). This announcement coincides with PEPE's listing on Robinhood, highlighting the competitive nature of digital asset exchange listings. Following these developments, PEPE's price surged 47.8% in an hour, reaching over $0.000019 with a market capitalization exceeding $8 billion. The impact of Coinbase's listing on PEPE's future price is yet to be determined, but it is expected to increase its visibility and attract investor attention.