Search results for Crypto Patel
Crypto
Shiba Inu retests key support as analyst sees up to 2,200 percent rise
Shiba Inu has re-entered a key support zone that previously marked the start of major rallies, according to an analysis. Analyst Crypto Patel said the token is trading in an accumulation area that preceded strong rebounds in 2021 and 2024. He cited a core range of $0.000004 to $0.000005 and outlined a bullish scenario targeting $0.00008789, while questioning whether a full 20-fold rise is realistic. Exchange flow data showed net outflows of 41.67 billion SHIB.
Crypto
Ethereum undervaluation case gains traction as on-chain and technical signals flash bullish
Ethereum has posted stronger returns over the past month than major large-cap digital assets and the broader market, and analyses have emerged in April that its price has entered an undervalued zone. Market watchers are focusing on on-chain metrics and technical signals that suggest further upside. They cite a gap between network usage and price, record daily transactions and new users, and indicators such as the Ethereum Rainbow Chart pointing to undervaluation.
Crypto
BTC sentiment improves on U.S.-Iran ceasefire news; oil falls below $100 a barrel
Bitcoin jumped after confirmation of a two-week ceasefire agreement between the United States and Iran, rising as oil fell below $100 a barrel and risk appetite returned. In New York trading on April 8, bitcoin climbed as much as 7.4 percent to $72,760. Short liquidations also added to gains, with $214.8 million in bitcoin shorts liquidated in 24 hours. Analysts and traders cautioned the market remains fragile and faces resistance around $72,000 to $76,000.
