Commit the following to memory, if nothing else: XRP, much like an overdramatic Russian aunt, refused to disgrace herself below $2.00. With theatrical aplomb, she scaled $2.020 and $2.080, clutching resistance levels as though they owed her money.
According to CasiTrades, who studies the charts with the devotion of Lydia Bennet reading scandalous novels, recent price action is not evidence of distress, but rather a coy retreatâone calculated to ensnare the attention of both suitors and skeptics. Indeed, as the coin pirouettes towards $1.90, it appears to have entered that most fashionable of neighbourhoods, the Fibonacci Retracement zone, specifically the 0.5 marker. I daresay, Fibonacciâwere he amongst usâwould be clutching his pearls at the display!
The principal architect of this uproar? None other than Wyomingâs Stable Token Commissionâpossibly the first American governmental body not entirely occupied by cattle and existential dread. Aptos, amongst a positively plebeian field of blockchains, seized the highest possible score (32!), thus ensuring its place at the shortlisting ball for the illustrious WYST stablecoin pilot.
As the news spread like wildfire, traders and investors scrambled to get in on the action. The rally, it seemed, had been triggered by SEI breaking out of a six-month-long descending broadening wedge pattern. And what a breakout it was! The cryptocurrency had recovered from its monthly low of $0.1596 on June 17, marking a 35% jump in just three days. đ¤Ż
The analyst starts by addressing the mood of the masses. Apparently, retail comment threads have turned into a digital version of a high school cafeteria, where everyone is complaining about how Doge has been “doing nothing for months.” But Cantonese Cat, with the wisdom of a seasoned trader, points out that this is exactly what bull markets are designed to do: “A lot of people are getting really bitter about Doge ⌠thatâs exactly how higher highs and higher low type situations are supposed to get you all frustrated. This is still a bull trend until proven otherwise.” đ
Now, I know what you’re thinking, “What’s the big deal about a triangle?” Well, my friends, in the world of technical analysis, triangles are like the crystal balls of the market. đŽ They can predict the future, or at least, that’s what the experts claim! đ
The most eye-catching feature of this graphic is a series of regular bullish divergencesâwhere the price sets progressively lower lows while the RSI, that fickle friend, traces higher troughs. Cantonese Cat, in a moment of sheer brilliance, points out three such inflection points: the first in August 2024, the second in March and April 2025, and the latest in mid-June. Itâs like a soap opera, but with more numbers and less drama.
Now, I know what youâre thinking: âAnother cycle? Really?â But hear me out. Titanâs got a theory, and itâs as fascinating as it is confusing. Apparently, Bitcoinâs last two cycles followed a pattern of 13 months of decline, followed by 35 months of gains. In 2014-15, Bitcoin plummeted from $1,240 to $161 over 396 days. Then, it rallied for 1,065 days to hit $19,800 in December 2017. The same pattern repeated after 2018, ending at $69,000 in 2021. đ
On June 19, they had the audacity to take to X (formerly Twitter) with the bombshell announcement: âTimeâs up â full source code linked below. Assets left in Nobitex are now entirely out in the open.â How very generous of them, donât you think? They didnât just take the moneyâthey gave away the keys to the kingdom. đ
In just seven days, PI has plummeted by 15%. Thatâs a whole lot of drama! And the market volatility? You could say itâs as unpredictable as a soap opera plot twist. But hereâs a little glimmer of hope: PI is still 37% above its all-time low. Silver linings, right? đ But hold on to your hats, because technical indicators are screaming “oversold!” like your grandmaâs broken record. And guess what? That might mean a rebound… or not. You just canât make this stuff up.