XRP has been experiencing fluctuating price action recently. Currently trading at around $2.50, XRP saw a major drop after an initial price spike. However, it’s now back on an upward trajectory, hinting at a potential bullish trend. This movement suggests that XRP is following a slow, steady climb, with hopes of developing into a larger upward pattern. Analysts are watching for the possibility of an extended bull run, similar to what occurred in 2021.
Since the U.S. election, XRP has surged by 375%. The altcoin is significantly outperforming the broader market, with increasing interest from new buyers, as active XRP wallets have jumped by 620% in the past week.
The market’s fear and greed index is improving, moving up to 30, signaling a shift toward a more optimistic outlook. Bitcoin dominance remains steady at 60%, and the overall market cap has risen to $3 trillion, with altcoins also gaining momentum.
Bearish Divergence on 3-Day Chart
According to analyst Josh of Crypto World, XRP continues to show a bearish divergence on the 3-day timeframe. This suggests that while short-term movements may fluctuate, we shouldn’t expect any major bullish momentum similar to the rise seen in November last year.
Short-Term Support and Resistance Levels
XRP is bouncing from a key support area between $2.25 to $2.30. The next resistance levels to watch are between $2.65 and $2.80, with additional resistance at $3 and $3.20.
RSI Indicators and Market Movement
The RSI has recently bounced into overbought territory, but has since reset after a pullback. At the moment, the RSI is neutral, which suggests that XRP’s price may remain in a sideways range for the short term. If Bitcoin and other major altcoins stay neutral, XRP is likely to follow suit with some choppy price action.
Bonk (BONK), the popular Solana-based meme coin, is on the verge of a massive price crash. This bearish outlook emerges during a period when major cryptocurrencies are experiencing massive sell-offs and price crashes.
BONK Technical Analysis and Upcoming Level
According to expert technical analysis, BONK appears bullish but is currently at a make-or-break level of $0.0000095. The daily chart shows multiple bullish signals, such as bullish divergence and the formation of a bullish double-bottom price action pattern.
Source: Trading View
However, the ongoing market sentiment and downward momentum in major assets like Bitcoin (BTC) and Ethereum (ETH) seem to be influencing other cryptocurrencies, especially those with a small market cap like BONK.
Based on recent price action and historical momentum, this key level has consistently acted as strong support. Since December 2023, BONK has experienced multiple upward moves after bouncing from this level. Meanwhile, experts and traders are also expecting a similar move in the meme coin.
However, given the current unfavorable market sentiment, BONK’s bullish outlook appears to be challenging.
The daily chart reveals that if BONK fails to hold this level and closes a daily candle below $0.0000088, it could drop by 38% to reach the next support at $0.0000055 in the future. However, if the meme coin holds this level, there is also a possibility that history will repeat and BONK will once again see an upside rally.
BONK Price and Volume Drop
At press time, BONK is trading near $0.000009677 and has recorded a price decline of over 5.50% in the past 24 hours. Meanwhile, during the same period, its trading volume dropped by 55%, indicating lower participation from traders and investors, potentially due to the current market sentiment.
Traders Lean Bearish on BONK
Given the strong bearish market and downward momentum in BONK, traders seem to be dominating the asset by heavily betting on the bearish side, as reported by the on-chain analytics firm Coinglass.
Data reveals that traders are over-leveraged at $0.0000095 on the lower side (support), where only $11.30K worth of long positions have been built. In contrast, $0.00001062 is another over-leveraged level on the upper side (resistance), where traders have built $271.30K worth of short positions.
Source: Coinglass
Examining this on-chain metric, it appears that short sellers are currently dominating, with minimal interest in going long on BONK. This could easily push the meme coin lower and lead to a breach of its support level.
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Bonk (BONK), the popular Solana-based meme coin, is on the verge of a massive price crash. This bearish outlook emerges during a period when major cryptocurrencies are experiencing massive sell-offs and price crashes. BONK Technical Analysis and Upcoming Level According to expert technical analysis, BONK appears bullish but is currently at a make-or-break level of …
Coinstore, a leading global cryptocurrency exchange, has announced its participation in TOKEN2049 Dubai, one of the world’s premier crypto and Web3 industry gatherings taking place from April 30 to May 1, 2025. Beyond the booth, Coinstore will host an exclusive Brand Conference and Afterparty, bringing together partners, community leaders, influencers, and media representatives from across the global Crypto ecosystem.
On April 29, 2025, from 10:00 AM to 6:00 PM, Coinstore will host its “CONNECT & INNOVATE” conference at the DUKES THE PALM HOTEL in Dubai. The event will bring together global Web3 industry leaders, top investment institutions, innovative project teams, and technical developers to explore the future potential and collaborative opportunities in the crypto industry.
The conference will feature 10 keynote speeches from renowned Web3 thought leaders covering industry trends, technological evolution, and ecosystem development, alongside 5 panel discussions focusing on hot topics like AI+Crypto, RWA, DeFi, and infrastructure development.
With over 200 industry participants from exchanges, investment institutions, developers, and project teams expected to attend, the event will be simultaneously livestreamed on YouTube to maximize global reach and supported by more than 50 mainstream media outlets for multichannel, multilingual distribution.
As an integral part of its Dubai tour, Coinstore will establish a distinctive booth at the TOKEN2049 main venue (P39, Madinat Jumeirah) from April 29 to May 1. The booth design incorporates creative bar and mixology elements, cleverly conveying the platform’s openness, liquidity, and user-friendly attributes while providing visitors with an immersive crypto experience.
Gilded Mirage Afterparty
As the grand finale of our Dubai expedition, Coinstore is hosting the Gilded Mirage afterparty on May 1, 2025, from 5:00 PM to 8:00 PM at the Twenty Three Rooftop Bar.
This meticulously planned event offers attendees a networking platform that transcends conventional conference formats. Against the backdrop of the city’s night skyline, participants can engage in natural conversations with Coinstore’s leadership team, global investment firm representatives, and key industry figures in a relaxed and pleasant atmosphere. The setting encourages the exchange of ideas and exploration of collaborative opportunities.
This rare occasion allows you to expand your professional network and deepen industry partnerships while unwinding in an elegant setting.
“Dubai has established itself as a crypto-friendly hub with forward-thinking regulations,” added Johnson, CEO at Coinstore. “TOKEN2049 provides the perfect backdrop for us to showcase our platform innovations and strengthen relationships with partners who share our vision of a more open and accessible financial future.”
The event’s co-organizers include KIOS, SCROLL, and Genezys. with DUX as the Diamond Sponsor.Gold Sponsors include BID, USA, Global Dollar, Opt Blockchain, OZK, IRON, ZELF, DEBC, MIST, TQF, TELcoin, Intelace, and ETHI.
With special thanks to Yido Labs, RWA, NOW, and IVT.
Media coverage for the event is supported by partners including MetaEra, PA News, Techflow, Coinpedia, Mpost, Coinedition, Voice Of Crypto, Cryptonite, Coinscapture, The News Crypto, Coingabbar, Blog Tiền Ảo, Droom Droom, BitPinas, Cryptic Web 3, Connect Web 3, The Blockopedia, Bit Digest, Geekmetaverse,Lydian Labs, AllConfs, TokTimes, 36 Crypto, KTRO, AZcoiner, Tiendientu, DU Says & Lcadamey.
About Coinstore
Accessibility. Security. Equity.
As a leading global platform for cryptocurrency and blockchain technology, Coinstore seeks to build an ecosystem that grants everyone access to digital assets and blockchain technology. With over 10 million users worldwide, more than 1,100 listed tokens including 100+ premium digital assets. Coinstore is dedicated to providing secure, professional, and accessible digital asset trading service.
As a pioneer in Launchpad, Coinstore’s Launchpad have shown remarkable performance, with an average ROI of prime exceeding 1,200%. Coinstore, the first choice for the initial launch.
The post Coinstore at TOKEN2049, Connect and Innovation for a Crypto Future appeared first on Coinpedia Fintech News
Coinstore, a leading global cryptocurrency exchange, has announced its participation in TOKEN2049 Dubai, one of the world’s premier crypto and Web3 industry gatherings taking place from April 30 to May 1, 2025. Beyond the booth, Coinstore will host an exclusive Brand Conference and Afterparty, bringing together partners, community leaders, influencers, and media representatives from across …
The cryptocurrency market is currently stuck in a range, with Bitcoin still attempting to rise above the crucial $90k mark. Meanwhile, the majority of altcoins are trying to recover from recent losses. Experts are noticing an interesting shift, as altcoins begin to break trends and take the lead. For months, Bitcoin was the dominant force, but as it slowed down, altcoins started to drive the market’s correction.
However, Matt Bartolini, head of SPDR Americas Research at State Street Global Advisors, recently discussed risks facing the markets, especially in light of the current economic climate. Here are three key reasons why markets may be turning bearish:
Weakened Consumer Confidence: Consumer confidence dropped to its lowest point since 2021, hitting 92.9 in March. This suggests that Americans are feeling uneasy about the economy, and if spending slows down, it could hurt the market, especially in the consumer sector. Consumer discretionary stocks in the S&P 500 are down 9% this year, compared to a 2% decline in the overall market.
Bearish Positioning in Consumer Discretionary: There are signs of a bearish outlook in the consumer discretionary sector, with $800 million in outflows in March alone. Options data also shows a higher number of puts compared to calls, and short interest is rising. A lot of this bearish sentiment comes from poor performance in stocks like Tesla and broader economic factors.
Uncertainty in Economic Data: Worries over inflation and weak economic data, like GDP forecasts from the Atlanta Fed, are also affecting market sentiment. While some sectors, like healthcare and insurance, are doing better, overall economic challenges and tariff impacts are making investors more cautious. However, banks are benefiting from widening interest margins and have seen positive inflows.
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The post Bitcoin And Altcoin News: 3 Reasons Markets May Be Turning Bearish appeared first on Coinpedia Fintech News
The cryptocurrency market is currently stuck in a range, with Bitcoin still attempting to rise above the crucial $90k mark. Meanwhile, the majority of altcoins are trying to recover from recent losses. Experts are noticing an interesting shift, as altcoins begin to break trends and take the lead. For months, Bitcoin was the dominant force, …
