Search results for downtrend channel
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.
Crypto
Shiba Inu shows signs of trend reversal, analysts see up to 100 percent upside
Shiba Inu is holding a key retest zone at the top of a long-term declining channel, raising early signs of a trend reversal. Analysts cited by The Crypto Basic said a successful defense could open room for additional gains of about 100 percent. Traders are watching $0.0000058 to $0.0000060. Bollinger Bands and momentum indicators have improved, while burn activity and derivatives open interest rose over the past 24 hours.
Crypto
XRP nears top of downtrend channel, expectations rise for $4.06 target
XRP is nearing the upper range of a months-long downtrend channel, reviving discussion of a potential technical breakout. XRP rose 2.34 percent over the past 24 hours to trade around $1.31, but remains within the downtrend that has persisted since July 2025. Analyst Don said a break above the channel could shift momentum bullish and open the way to an attempt at a new high, with a medium-term target of $4.0685.