List of Flash News about descending triangle
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2025-07-03 21:52 |
Shiba Inu (SHIB) Price Analysis: Whales Accumulate 10T Tokens as Descending Triangle Forms, Key Levels to Watch
According to @santimentfeed, Shiba Inu (SHIB) whales initiated significant accumulation after the price dropped to a 16-month low of $0.00001005. The analysis reveals that whales purchased 10.4 trillion SHIB tokens, valued at over $110 million, marking the largest single-day accumulation in five months. This buying pressure contributed to a 17% price rebound from the low. From a technical standpoint, SHIB's price action is forming a descending triangle pattern, characterized by a falling trendline and a horizontal support level. A decisive breakout above the trendline could signal a continuation of the recovery rally, targeting the resistance level above $0.00001230. Conversely, a breakdown below the triangle's support would indicate a bearish reversal. The broader market context shows a surge in stablecoin-related assets, with payment giants like Mastercard expanding their crypto integrations. |
2025-07-03 05:50 |
SHIB Whale Alert: 10T Token Accumulation Forms Descending Triangle as Bitcoin (BTC) HODLers Face Off Against Leveraged Traders
According to @lookonchain, Shiba Inu (SHIB) whales accumulated 10.4 trillion SHIB tokens, valued at over $110 million, following a drop to a 16-month low, which contributed to a 17% price bounce. From a trading perspective, SHIB's price action is now forming a descending triangle pattern; a breakout above its descending trendline could signal a continued recovery toward the $0.00001230 resistance, while a breakdown would indicate a bearish reversal. In the broader market, Bitcoin (BTC) is in a standoff, with on-chain data from Glassnode showing long-term holders are patiently HODLing, evidenced by a surge in long-term holder supply to 14.7 million BTC. This patience is met with rising leverage from short-term traders and persistent institutional demand, with QCP reporting $2.2 billion in net inflows to spot BTC ETFs last week. Corporate adoption continues as design firm Figma disclosed a $70 million position in a Bitcoin ETF. |
2025-07-02 23:04 |
Dogecoin (DOGE) Price Analysis: Descending Triangle Forms as RSI Nears Oversold Territory
According to @TATrader_Alan, Dogecoin (DOGE) has recovered 4.7% from a low of $0.164 to around $0.171 after a market-wide selloff, but technical indicators present a mixed outlook for traders. The Relative Strength Index (RSI) is at 33.29, suggesting DOGE is approaching oversold conditions which could signal a potential price bounce, as per the source. However, a descending triangle pattern is forming on the chart, which is typically a bearish signal. The analysis identifies strong volume-based support at $0.164 and resistance near $0.172. A key level for traders to watch is $0.1750; a break above this could target the next resistance at $0.1820, while failure might trigger a retest of the $0.1640 support or even $0.150 in a risk-off scenario. Despite price volatility, social sentiment remains highly positive at 86% according to data from LunarCrush. |
2025-07-02 17:38 |
Shiba Inu (SHIB) Price Analysis: Whales Accumulate 10 Trillion SHIB as Descending Triangle Pattern Forms
According to KookCapitalLLC, Shiba Inu (SHIB) is showing potential for a price recovery following significant whale activity and key technical formations. After SHIB dropped to a 16-month low of $0.00001005, whales purchased 10.4 trillion tokens, worth over $110 million, marking the largest daily accumulation in five months. This buying pressure contributed to a subsequent price bounce. From a technical standpoint, SHIB's price is consolidating within a descending triangle pattern on the hourly chart. A breakout above the triangle's upper trendline could signal a continuation of the recovery, targeting resistance above $0.00001230. Conversely, a breakdown below the horizontal support at $0.00001160 could indicate a bearish reversal. Further bullish sentiment is supported by the formation of an "inside week" candle, which suggests seller exhaustion and a potential trend reversal after a prolonged downtrend. |
2025-07-01 11:33 |
Shiba Inu (SHIB) Whale Accumulation Hits 5-Month High as Price Forms Descending Triangle; BTC, ETH Face Profit-Taking
According to @rovercrc, Shiba Inu (SHIB) whales accumulated 10.4 trillion tokens, worth over $110 million, marking the largest daily accumulation in five months and contributing to a 17% price bounce from a 16-month low. The token's price action is now forming a descending triangle pattern on the hourly chart, a critical formation for traders. A breakout above the descending trendline could signal a continuation of the recovery rally toward the $0.00001230 resistance level, while a breakdown below the triangle's support could trigger a bearish reversal. Despite improving macroeconomic conditions, the broader crypto market is showing signs of fatigue, with major assets like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) experiencing profit-taking near local resistance levels. |
2025-06-29 13:58 |
Dogecoin (DOGE) Price Analysis: Descending Triangle Signals Bearish Pressure Despite Oversold RSI
According to @TATrader_Alan, Dogecoin (DOGE) has formed a descending triangle pattern, which is typically a bearish signal, despite showing signs of stabilization. The cryptocurrency recovered 4.7% from a low of $0.164 to $0.171 after a sharp, liquidation-driven selloff attributed to geopolitical tensions. Technical analysis reveals an RSI of 33.29, suggesting DOGE is approaching oversold territory, which could attract buyers. Key support has been established at $0.164, with immediate resistance near $0.172. A failure to break above the $0.1750 resistance level could trigger a retest of the $0.1640 support, or potentially drop to $0.150 in a risk-off market environment. Despite the bearish pattern, social sentiment data from LunarCrush shows a highly positive tone, and small volume bursts suggest potential accumulation at lower price levels. |
2025-06-29 07:58 |
Shiba Inu (SHIB) Whales Accumulate 10 Trillion Tokens Amid Descending Triangle Pattern; BTC, ETH Face Profit-Taking Risks
According to @rovercrc, Shiba Inu (SHIB) whales accumulated 10.4 trillion tokens, worth over $110 million, after prices fell to a 16-month low, marking the largest daily accumulation in five months. This buying pressure contributed to a 17% price bounce from the lows. From a trading perspective, SHIB's price is now consolidating within a descending triangle pattern. A breakout above the triangle's upper trendline could signal a continuation of the recovery rally toward the $0.00001230 resistance level. Conversely, a breakdown below the triangle's support would indicate a bearish reversal. While the macro environment is improving, with analysts like Augustine Fan and Jeffrey Ding citing positive institutional and economic developments, the broader crypto market shows signs of fatigue. Major assets like Bitcoin (BTC) and Ether (ETH) are exhibiting signs of potential profit-taking near key resistance levels, suggesting traders should remain cautious. |
2025-06-15 21:17 |
Ethereum (ETH) Retests Key Breakout After Descending Triangle: Daily Chart Analysis for Crypto Traders
According to @twitter_name, Ethereum (ETH) has completed a textbook retest after breaking out from a descending triangle on the daily chart, confirming bullish momentum in an ongoing uptrend (source: @twitter_name). This technical retest is a common pattern that often precedes further upward movement, providing traders with a clear confirmation of support at the previous resistance level. The successful retest signals increased confidence for bullish traders, suggesting that ETH may see continued upside potential if current market conditions hold. Traders should monitor volume and price action closely for the next move as ETH consolidates above its breakout point. |