Search results for downtrend channel
Crypto
XRP tests key support at $1.14; how far could it fall?
XRP has entered a retest zone for key support around $1.14 after a recent pullback, Decrypt reported on Oct. 13. If it drops about 15.8 percent from around $1.36, it could fall to $1.1449, the former upper boundary of a downtrend channel. If buyers defend the level, XRP could rebound above $2 and toward $2.33. If it fails, downside risks below $1 could rise, with $0.98 a possible retest.
Crypto
XRP breaks out of one-year downtrend channel; next test is $2
XRP has broken above a downtrend channel that capped prices for about a year, but the weekly Ichimoku cloud has emerged as the next key resistance. XRP is above the Ichimoku conversion and base lines, both at $1.3426, which has held as support since an August rebound. Resistance remains at the weekly cloud, with leading span B at $2.0191. Indicators show buying pressure still leads, though momentum has eased.
Crypto
Shiba Inu could rise 220 percent if it breaks bearish channel
A technical analysis says Shiba Inu may be setting up for a major price move near the end of a long downtrend. TradingView analyst MMBTrader pointed to signs of weakening bearish momentum and said the token has broken out of a smaller falling wedge and is holding above it. He outlined potential upside toward 0.00002049, about 220 percent above current levels, while noting interim supply zones. On-chain data show cautious sentiment, with open interest and volume down and net exchange inflows turning positive.