Push Protocol presyoPUSH

Bitcoin hovers above levels of support that may signal potential upward momentum. The cryptocurrency consolidates within a defined range where it has its support at $92,122 and resistance near $106,329. Buyers defending this zone may help Bitcoin find itself in price discovery mode. Pentoshi, a popular crypto analyst, highlights Bitcoin’s primary support between $92,000 and $94,000. Holding this zone suggests bullish strength. However, losing this support could push BTC down to $85,000. At the moment, the bullish bias remains intact, as Bitcoin has spent time within its current range without breaking down. At present, Bitcoin appears to be at $96,738 , representing a small gain of 0.58%. The higher price for the day was $96,980, and the lower price was $95,770. Price features suggest a possible consolidation phase that might precede a major breakout. Resistance at $106,329 has been tested multiple times but remains unbroken. A successful breach could ignite another rally, driving Bitcoin into new highs. Market structure remains bullish, with buyers stepping in at key levels to maintain higher lows. Crypto analyst el_crypto_prof discovers a falling wedge pattern on the Bitcoin 12-hour data. This technical formation is typically bullish, whereby the price action consolidates and finally breaks out between two downward-sloping trendlines. Bitcoin’s price movement within the wedge showed multiple lower highs and lower lows. Red arrows on the chart highlight resistance zones, while blue arrows indicate strong support. Near the wedge’s apex, Bitcoin broke above descending resistance , signaling a possible trend reversal. Key breakout and rejection points are marked with yellow circles. The first circle shows temporary resistance before another downward move, while the second highlights Bitcoin’s breakout above the wedge . This formation suggests increasing buying pressure, which may fuel a sustained upward movement. The wedge structure aligns with Bitcoin’s historical breakout patterns. Additionally, the market has shown accumulation within this range, further reinforcing the bullish outlook. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Bitcoin’s short-term holders (STH) are at a pivotal moment, as revealed by the latest BTC HODL Waves chart shared by Benjamin Cowen (@intocryptoverse). The data highlights a clear historical pattern: when the share of short-term holders—those holding BTC for less than six months—peaks and starts to decline, Bitcoin often enters a phase of heightened volatility. The current structure of the market suggests that BTC might be nearing a crucial shift, with its price hovering near all-time highs. The BTC HODL Waves graph allows traders to observe the price movements of Bitcoin against the distribution of coins held for varying amounts of time. The white line indicates Bitcoin’s price, which has risen from pennies in 2009 to almost $70,000 in 2024, while the color bands represent percentages of BTC held for varying lengths. Therefore, as of now, most of the supply is comprised of short-term holders, represented by the red, orange, and yellow bands, which cover holders from less than a day to six months. Similar patterns emerged during previous bull market peaks such as 2013, 2017, and 2021, which saw short-term holder increases as Bitcoin hit significant highs before corrections followed. Although short-term trading activity has started to increase, long-term holders-BTC holders for more than one year-remain solid in their position. The yellow to green bands, which signify holders having between one year and ten years, continue to hold the upper hand. In the past, when these holders started selling into strength, it marked the distribution phase in a cycle. Their toughness so far indicates that the market still has a space to run before a big sell-off occurs. Interestingly, the more-than 10-year holder population is holding quite steady, indicating that some of the early adopters and also institutional investors are still holding theirs regardless of the price. The true conviction, which reads that the asset holds true value over the longer term, persists despite the lure of speculative traders coming into the market. If historical patterns hold, Bitcoin’s short-term holder dominance could act as a warning sign for increased volatility. A surge in STH supply typically precedes market corrections, as newer investors tend to sell when sentiment shifts. However, if long-term holders continue to hold firm, BTC could still have enough strength to push towards new highs before a cooling-off period begins. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

XRP is consolidating within a symmetrical triangle, and analysts expect a breakout soon. The asset trades around $2.57, hovering near a crucial resistance zone at $2.80. According to market analyst X Finance Bull, XRP’s price continues to respect its support and resistance levels within the accumulation range. The symmetrical triangle pattern indicates price compression, a phase that typically leads to a significant breakout. A surge above the trendline could push the price toward the $3.70-$3.80 range, while a drop below support may send it toward the buy zone at $1.99. Volume levels have declined, signaling reduced volatility. However, an increase in trading activity could confirm the breakout direction. The bid-ask spread remains tight, reflecting strong market participation. Price action suggests that traders are waiting for confirmation before making large moves. Earlier price action shows a sharp drop before entering this consolidation phase. Strong support is still being provided by the lower trendline, which stops additional drops. A bullish rally might be triggered by an upward breakout if the price stays above this trendline. According to market analyst Steph Is Crypto , XRP’s price movement reinforces expectations of an imminent breakout. The symmetrical triangle nears its apex, indicating that a decisive move could happen soon. The price has tested a red resistance zone near $2.80 multiple times but has not yet broken above it. Candlestick patterns remain mixed, alternating between bullish and bearish formations. However, a breakout above $2.80 could confirm strong upward momentum. If the price fails to break resistance, it may retest lower support levels before attempting another move DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

The XRP price plunged 3% in the last 24 hours to trade at $2.57 as of 11:28 p.m. EST on trading volume that rose 48% to $5.2 billion. The Ripple token’s performance continues to be volatile, driven by shifting sentiment around the Securities and Exchange Commission (SEC) case against the sale of XRP. Much of XRP’s recent strength comes from speculation that the SEC may abandon its appeal, allowing Ripple to operate without looming legal threats. Arthur Azizov, CEO at the crypto business B2BinPay, bullishly believes that XRP could reach a price range of $5 to $7 in the first half of 2025. The XRP price has been trading within an ascending channel on the 12-hour timeframe. The Ripple token price surged dramatically in late 2024 and has since been consolidating within this upward-sloping structure. The current price of $2.5759 is slightly below the midline of this channel, suggesting ongoing market indecision. The 50-day Simple Moving Average (SMA) at $2.6472 is acting as dynamic resistance, while the 200-period SMA at $2.3588 is serving as strong long-term support. The recent price action shows a bounce off the lower boundary of the channel, indicating that bulls are defending this level. Meanwhile, the Relative Strength Index (RSI) is at 46.03, slightly below the neutral 50 level. This suggests a balance between bullish and bearish momentum, with no clear dominance from either side. If RSI moves above 50, it could confirm renewed bullish strength. XRP/USDT Chart Analysis (Tradingview) The overall trend remains bullish as long as the XRP price stays within the ascending channel. A break above $2.65 (50-day SMA) could lead to a move toward $3.00–$3.40, aligning with the upper channel resistance. Intense bullish pressure and fundamental pressure could push the price of XRP towards the $10 mark. However, if the price of XRP fails to hold the channel’s lower boundary and drops below the 200-day SMA at $2.35, this could trigger a bearish shift, possibly leading to a retest of $2.00. In the meantime, investors are flocking to buy Best Wallet (BEST) , which popular YouTuber ClayBro, with over 136K subscribers, says is one of the best crypto wallets for 2025. Best Wallet is a next-generation cryptocurrency wallet that lets users do everything from one app. The goal is to remove the fragmentation in the market and the clunky user experience offered by other crypto wallets such as MetaMask and Trust Wallet. Best Wallet is a multi-chain wallet that will support over 60 blockchains, including Bitcoin, Ethereum, and Solana. The project continues to attract investors, who have poured over $10.3 million into the project. A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects. It’s establishing a strong track record after already flagging Pepe Unchained (PEPU) and Catslap (SLAP) , meme coins that provided returns of up to 700% and 7,000%, respectively, for early investors. After purchasing BEST, holders can also stake their tokens for a huge 157% annual return. Currently, BEST tokens are priced at $0.024075. Buy before a price hike in less than 12 hours to lock in the best deal. Buy BEST tokens .

The European Union (EU) has granted approval to 10 stablecoin issuers under its Markets in Crypto-Assets (MiCA) regulations, notably excluding Tether, the issuer of USDT . This decision has sparked discussions about the EU's regulatory approach and its potential impact on the cryptocurrency market, particularly the implications for Tether after its exclusion. Here are more details, starting with details concerning the MiCA regulations, its importance for the EU and the global crypto market, and the approved stablecoins issuers. Followed by some expert analysis on this move for the stablecoins, the cryptocurrencies' future, and the future of the EU crypto market. The Markets in Crypto-Assets (MiCA) Regulations are a comprehensive regulatory framework introduced by the European Union (EU) to oversee crypto assets , including stablecoins, utility tokens, and crypto service providers. MiCA aims to establish clear legal guidelines, protect investors, and promote financial stability while fostering innovation in the digital asset market. MiCA is expected to reshape the European crypto market by enforcing compliance, ensuring stability, and limiting the dominance of unregulated stablecoins. On February 20, 2025, the European Securities and Markets Authority (ESMA) released a list of 10 firms authorized to issue stablecoins within the EU under the MiCA framework. These firms include Banking Circle, Circle, Crypto.com, Fiat Republic, Membrane Finance, Quantoz Payments, Schuman Financial, Societe Generale, StabIR, and Stable Mint. Collectively, they have introduced 10 euro-pegged stablecoins and five U.S. dollar-pegged stablecoins. Conspicuously absent from this list is Tether, the world's largest stablecoin by market capitalization, exceeding $141 billion. The omission of Tether from the approved list has led to significant consequences within the EU's cryptocurrency landscape. Prior to the MiCA compliance deadline in December 2024, several crypto platforms began delisting USDT and other non-compliant U.S.-pegged stablecoins for EU users. Tether criticized these actions, describing them as "rushed and unwarranted." Industry experts have expressed concerns that MiCA's stringent regulations might isolate the European crypto market . Natalia Łątka, Director of Public Policy and Regulatory Affairs at Merkle Science, warned that such regulations could deter foreign firms from operating in the region and might prompt local crypto companies to relocate to more lenient jurisdictions. The EU's proactive stance on crypto regulation aims to provide oversight and consumer protection. However, critics argue that excessive regulation could stifle innovation and economic growth. Professor Steve Hanke has pointed to overregulation as a contributing factor to the EU's slower GDP growth compared to the United States. The MiCA framework imposes strict conditions on stablecoin issuers, raising questions about whether these measures will stabilize the market or limit competition. While supporters believe that MiCA offers much-needed regulatory clarity, detractors fear it may create bureaucratic hurdles that push innovation outside the EU.