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Analyst Predicts Stellar Rally to $5 Amid 7-Year Stellar ‘Adam and Eve’ Pattern, Says XLM and XRP Will Surprise Many

Elendu Benedict
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Analyst Predicts Stellar Rally to $5 Amid 7-Year Stellar ‘Adam and Eve’ Pattern, Says XLM and XRP Will Surprise Many

A market speculator has shared a multi-year Stellar (XLM) price structure set to catalyze a four-figure surge past its all-time high, insisting XLM and XRP will surprise many.

Stellar has recently managed an impressive price explosion, drawing initiative from a broader market bullish momentum. For context, the high-ranking crypto asset has grown 210% and 105% in the monthly and weekly timeframe, extensively rewarding holders.

XLM continued its bullish upsurge today, having grown over 20% in the past 24 hours. The asset’s high spirit has elated its community and drawn the attention of notable market speculators.

Among others, analyst Charting Guy has provided an update on XLM’s recent price performance and an outlook of the asset’s ultimate target for the cycle. In a recent analysis, the notable commentator predicted an ambitious four-figure surge for the 18th-ranked cryptocurrency.

Analyst Cites Multi-Year Pattern Set to Push Stellar to $3-$5

In a Thursday tweet, Charting Guy drew his massive audience to a price structure on the XLM/USD 1M chart. The analyst stated that XLM had formed an Adam and Eve bullish pattern on the frame, set for an audacious upsurge.

He noted that the pattern has been forming for seven years, specifically since 2017. Furthermore, the commentary claimed that an imminent breakout from the structure would propel Stellar to $3 to $5.

Notably, a surge of that magnitude from XLM’s current price would account for a three to four-figure price uptick. Stellar would have to grow 930% and 1,617% to attain the $3 and $5 targets, respectively.

Meanwhile, Charting Guy called for patience, insisting that the Stellar price would extensively reward resilient holders. He noted that the asset would end the cycle surging 50x from its bear market lows.

Charting Guy Lauds XRP

In the Thursday commentary, the analyst also asserted that XRP would impress this cycle. While he did not present any price expectation in the analysis, he argued that the $80 million-caped crypto asset would “surprise many” in this bullish cycle.

Meanwhile, XRP is among today’s top gainers after an explosive push to a new multi-year high of $1.50 early Friday. The bullish uptick followed positive sentiments around the ecosystem after SEC chair Gary Gensler confirmed his resignation.

Amidst the uptick, bullish assertions for XRP have emerged, with pro-crypto lawyer John Deaton predicting the coin will hit the psychological $100 billion market cap. Deaton stated that XRP will return to the January 2018 market valuation, arguing that times have changed for the asset.

In the meantime, Stellar trades at $0.2911, while XRP exchanges hands for $1.41 per coin.

Veteran Analyst Predicts Upcoming Cardano Surge, Says $10 Goal Becoming More Realistic

Sam Wisdom Raphael
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Veteran Analyst Predicts Upcoming Cardano Surge, Says $10 Goal Becoming More Realistic

Veteran market analyst and Cardano bull Dan Gambardello provides an optimistic outlook on ADA’s potential price movements.

He disclosed this on the back of the recent Cardano upsurge. According to him, the altcoin may be poised for a substantial surge, following a series of rapid gains. Gambardello noted that the $10 price goal is now becoming more realistic.

Key Cardano Momentum Indicators Signal Growth

Gambardello highlighted Cardano’s recent gains, noting a remarkable 168% increase over just 17 days. This rapid price movement has been supported by breakthroughs in major indicators, including the 20-week and 50-week moving averages. 

He emphasized that ADA’s current trajectory mirrors its behavior from November 2020. As a result, he suggests a cyclical pattern that could point to further growth.

A major observation from Gambardello’s analysis is ADA’s recent monthly candle, which he described as erasing two and a half years of downward price action. 

With eight days remaining in the month, he stressed the importance of closing above the 50-month moving average, currently around $0.72. He also identified the $0.75-$0.76 range as a major zone on the weekly chart, signaling that the coming days could define ADA’s short-term direction.

ADA’s $10 Goal Becoming Increasingly Realistic

Gambardello drew parallels between ADA’s current price action and its performance in previous market cycles. He noted that while ADA experienced consolidation around this stage in the last cycle, its current movement shows less cooling off. 

He suggested that a short-term pullback might sync with historical trends, allowing the market to regroup before a larger rally. Despite the possibility of short-term consolidation, Gambardello remains bullish on ADA’s long-term prospects. 

He projected a potential target of $1.05 in the near term, with a broader goal of $5 to $10 appearing increasingly realistic if the current momentum continues. However, he also cautioned investors to prepare for potential pullbacks, with support levels around $0.60-$0.65.

Momentum Oscillators Also Bullish

The market analyst then pointed to the stock RSI and MACD as major momentum oscillators that show increasing upward movement, reflecting a bullish market environment. 

The MACD histogram has moved above zero, and the RSI indicates substantial room for growth, both of which suggest that ADA has not yet reached its peak.

Additionally, Gambardello highlighted the importance of market sentiment, noting that Cardano’s rapid movements could surprise many investors. 

He referenced recent bullish headlines surrounding Cardano, including developments in its ecosystem and broader market conditions, as factors that could accelerate its rise.

Short-Term Cardano Targets and Long-Term Vision

In the short term, Gambardello identified $0.86 as a critical resistance level, with the potential for ADA to test the $1 mark in the near future. 

He noted that even a 16% increase could push ADA to this milestone within hours, given its historical volatility. However, he also warned of the possibility of consolidation, particularly if ADA falls back into the $0.60-$0.70 range.

Looking ahead, Gambardello remains optimistic about Cardano’s long-term prospects. He encouraged investors to monitor broader market trends, including the performance of other cryptocurrencies like XRP, which has recently reached new highs.

Jito Token Price Targets $5 as Market Cap Nears $500M

Albert Brown
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Jito Token Price Targets $5 as Market Cap Nears $500M

Will the massive bullish engulfing candle prolong the uptrend in the Jito (JTO) token to create a new all-time high? 

Over the past 24 hours, the JTO token has surged nearly 20%, bringing its market capitalization closer to the $500 million mark. With this momentum, trading volume has soared by over 150%, reaching $293 million.

As the Solana-based DeFi token gains traction, market sentiment is growing increasingly bullish. Analysts anticipate a potential price breakout to the $5 mark.

Jito Price Analysis

Last night, Jito saw a sharp 23.35% price increase. This creates a massive bullish engulfing candle on the daily chart and crosses above the 50% Fibonacci level at $2.9387 and the 67.80% Fibonacci level at $3.2715. 

Jito Price Chart
Jito Price Chart

The bullish engulfing candle undermines the prevailing consolidation and exceeds the high supply pressure at the 61.80% Fibonacci level. This marks a change of character for the JTO price trend and increases the chances of a bullish trend continuation. 

However, the intraday candle shows a higher price rejection as it failed to reach the 78.60% Fibonacci level at $3.8113. The bullish failure resulted in a 24-hour high at $3.6815 and is currently trading at $3.4252. This bullish reversal drops the intraday gain to 1.57%. 

Despite this brief pullback, the broader trend remains bullish. Jito recently broke out of a descending triangle pattern and bounced off the 38.2% Fibonacci retracement. The post-retest rally has seen the 50-day and 200-day EMAs form a bullish gap following a recent golden crossover.

In addition, the 100-day and 200-day EMAs are approaching a potential bullish crossover, further supporting the bullish outlook. The MACD has regained positive momentum, with the signal line and histograms confirming the shift from bearish to bullish.

Jito Targets $5.92

With the underlying dynamics turning bullish, a minor retest of the 61.80% Fibonacci level will likely propel the JTO price. The reversal rally will test the 78.60% Fibonacci resistance level at $3.8113. This is a crucial crossroads for Jito. A breakout above this will likely result in a massive surge to $5.92, which is the 1.272 Fibonacci level.

On the flip side, if the price fails to break through this resistance, a pullback may occur to the 50% or 38.2% Fibonacci levels at $2.94 and $2.60, respectively.

Major Move for Solana: VanEck and 21Shares File ETF Proposal on Cboe

Albert Brown
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Major Move for Solana: VanEck and 21Shares File ETF Proposal on Cboe

21Shares, VanEck file Solana ETFs on Cboe as SEC reviews, mirroring Brazil’s ETF success and SOL’s rising market momentum.

Institutional interest in Solana continues to grow as 21Shares and VanEck submit applications for Solana-focused exchange-traded funds (ETFs) on the Cboe BZX Exchange.

These filings align with a broader trend of increasing Solana ETF proposals, as Bitwise and Canary Capital have also taken similar steps. Bloomberg ETF analyst James Seyffart confirmed the filings in a post, highlighting the potential regulatory milestones ahead.

The U.S. Securities and Exchange Commission (SEC) is now actively engaging with issuers concerning the filed S-1 registration statements, marking progress in the approval process.

As Eleanor Terrett reported, the SEC’s interactions signal that exchanges may soon submit the required 19b-4 forms, which would initiate a 240-day review period. Approval remains contingent on the regulator’s acknowledgment of these filings, but optimism is mounting among market observers.

Regulatory Hurdles and Shifting Dynamics

Regulatory discussions around Solana ETFs have intensified, with recent developments underscoring the complexity of the approval process. Earlier this year, some Solana ETF-related documents briefly disappeared from the Cboe website, raising concerns about procedural or compliance issues. However, the subsequent restoration of these filings provided reassurance to stakeholders who were monitoring the situation.

This renewed focus on Solana ETFs coincides with shifting attitudes at the SEC, attributed to the anticipated pro-crypto stance of the incoming Donald Trump administration. These changes have fostered a more favorable outlook for ETF approvals, though challenges persist. The SEC’s decision-making process will hinge on the 19b-4 filings and the subsequent 240-day review timeline.

Brazil Sets Precedent for Solana ETFs

Globally, Brazil has emerged as a pioneer in launching Solana ETFs. In August 2024, the country approved two Solana ETFs, with the first, QSOL11, debuting at $10 per share on the B3 stock exchange. 

The ETF quickly gained traction, amassing over $2.75 million in trading volume on its first day. This success highlights the growing appeal of Solana-focused financial products and their potential to attract investor interest.

If approved, these filings could significantly enhance Solana’s standing within the cryptocurrency ecosystem. Solana has already demonstrated substantial market momentum, with its price rising to $257.66—a 6.81% increase in 24 hours and 21.04% over the past week.

New XRP ETP Goes Live on Three European Exchanges

Lele Jima
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New XRP ETP Goes Live on Three European Exchanges

Leading digital asset manager WisdomTree launches a new exchange-traded product (ETP) for XRP across three major European exchanges. 

Dubbed the Wisdomtree Physical XRP (XRPW), the product provides investors with secure and physically-backed exposure to the sixth-biggest cryptocurrency by market cap. 

The asset management firm launched the product across three European exchanges, including Six Swiss Exchange, Euronext, and Deutsche Börse Xetra. Notably, the XRP ETP is fully backed by the XRPL native token and boasts a management expense ratio of 0.5%. 

According to an announcement, the XRP tokens backing the ETP are stored using a dual custody model featuring regulated custodians and cold storage.

WisdomTree Crypto Offerings 

The company claimed that XRPW has the most competitive price offering for XRP exposure in Europe. With its launch, XRPW joins a portfolio of nine crypto ETPs WisdomTree offers. Some of the company’s crypto ETPs are tied to assets like Ethereum, Bitcoin, and Solana.

WisdomTree’s crypto ETPs are available in multiple European nations, including Poland, Spain, France, Ireland, Belgium, and Denmark. This large-scale availability increases the likelihood of XRPW launching on more European-based exchanges.

Growing Institutional Interest in XRP

The recent development highlights the growing institutional interest in investment products tied to XRP. Several asset managers have recently shown interest in XRP.

Interestingly, this trend has been observed in the United States, where XRP is embroiled in a lawsuit between the SEC and Ripple. Since last month, at least four asset managers have applied to launch investment products for XRP in the U.S.

In particular, Bitwise submitted two applications, seeking to convert its multi-asset crypto fund containing XRP to an ETP and to launch an ETF exclusively linked to XRP.

Grayscale made a similar move by applying to convert its XRP-related Digital Large Cap Fund (GDLC) to an ETF. This application comes after Grayscale re-introduced the XRP Trust, offering accredited investors direct exposure to XRP.  Furthermore, Canary Capital and 21Shares submitted separate filings for XRP ETFs.

Despite the fact that the Ripple lawsuit has moved to appeal, most fund managers, particularly Bitwise, are convinced the SEC will approve their applications.

Also, Gary Gensler’s plans to resign as SEC chairman and the potential appointment of a pro-crypto chairperson further increase the odds for an XRP ETF launch.

Shiba Inu Lead Says ‘Send SHIB to the Moon,’ Declares ‘We’re Still #1 ETH Token

Lele Jima
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0
Shiba Inu Lead Says ‘Send SHIB to the Moon,’ Declares ‘We’re Still #1 ETH Token

The enigmatic Shiba Inu lead Shytoshi Kusama shares a response to investors asking him to propel a massive price spike for SHIB. 

Shiba Inu has been unusually calm since its previous rally earlier this month, which saw it surge to $0.00003031. However, the token could not continue its uptrend as it recently plunged below the $0.000025 level. 

Investors Desire Substantial Rally for SHIB Amid Ongoing Market Uptrend  

With other crypto assets, particularly Bitcoin, witnessing significant price spikes, several SHIB investors have been urging the team behind the Shiba Inu ecosystem to make efforts that could lead to a substantial rally for the token.

These users have communicated their demands differently, with some explicitly asking Kusama to ‘send SHIB to the moon.’ This request signals their desire for a substantial price increase for Shiba Inu.

Kusama Responds 

Interestingly, Kusama has recently responded to this, boasting about Shiba Inu’s success. The Shiba Inu lead emphasized that SHIB is the top ERC-20 token on Ethereum, being the most valuable ERC-20 token on the Ethereum blockchain besides multi-chain stablecoins.

 

His response aligns with sentiments shared by other team members, including developer Kaal Dhairya. As reported earlier, Dhairya highlighted SHIB as the number one ERC-20 token, excluding USDT and USDC, due to their availability on other blockchains outside Ethereum. 

Notable, Shiba Inu currently boasts a market cap of $14.67 billion, making it the 12th biggest token in the global crypto ranking and the largest in terms of ERC-20 tokens. Kusama’s response indicates that SHIB had already witnessed resounding success despite prospects of more substantial growth.

Current Status 

Currently, SHIB is trading at $0.00002489, up 3.2% over the past 24 hours. Shiba Inu has been hovering around the $0.000025 territory over the past few days, with notable crypto expert Ali Martinez identifying a major resistance at this level. 

According to Martinez, about 40,150 addresses acquired 54.6 trillion SHIB for an average price of $0.000025, posing a major resistance to the token. As Shiba Inu attempts to surpass this level, some of these addresses would likely sell their holdings to secure profit, presenting a roadblock to any rally.

However, if SHIB successfully overcomes this resistance, Martinez expects the token to soar to around $0.000039, citing the formation of a bull flag pattern on Shiba Inu’s chart.

Investors Remain Bullish 

Meanwhile, although many investors are eager for this bullish move, it is worth mentioning that Shiba Inu remains one of the most successful cryptocurrencies in the market. 

Despite trading at an initial price of $0.000000000056 in August 2020, SHIB surged over 150 million percent to an ATH of $0.00008616. At press time, SHIB is down 71.11% from its ATH record set on October 28, 2021.

Nonetheless, several community members are confident that Shiba Inu will register a new ATH this cycle, with some experts, like Javon Marks, setting a target of $0.0001553 for the token. 

Solana Hits ATH at $264: Is $300 the Next Milestone?

Albert Brown
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With a new all-time high at $264, Solana (SOL) prepares a new sprint to the $300 mark.

Solana is on a bullish spree, creating a new all-time high at $264.68. Currently, Solana is trading at $256 with an intraday gain of 0.78%. After a strong recovery of 8.90% last night, the altcoin has surged massively in the past 24 hours.

With a new bullish trend, Solana’s market cap has reached $122 billion, and buyers anticipate the next price target will be $300. Will this bull run achieve the $300 milestone? Let’s find out. 

Solana Price Analysis

In the daily chart, the recovery rally in Solana is creating a higher high formation. Starting with the bullish engulfing candle on November 5, the uptrend has increased the Solana market price by 65.35%. 

Solana Price Chart (daily)
Solana Price Chart (daily)

The recovery run has exceeded the 1.272 Fibonacci level at $233.67. Furthermore, the overnight jump acts as a post-test reversal, heading towards the 1.618 Fibonacci level at $281.79. 

Amid this strong uptrend, the simple moving averages (SMAs) reflect bullish momentum. The 100-day and 200-day SMAs have crossed positively, confirming a golden crossover.

Additionally, the daily RSI has entered the overbought territory, currently at 77.71. During the previous bull run, the RSI peaked at 87.99, coinciding with Solana’s price top. There appears to be room for upward movement at the current RSI value.

Non-Vote Transactions on Solana Hits 80.71M

As SOL’s price hits a new all-time high, the Solana network marks a new peak in successful non-vote transactions. Based on data from SolScan, the non-vote transaction count has reached 80.71 million. 

Solana transactions
Solana Non-vote Transactions

This marks a significant milestone for the Solana network and reflects overall growth. As the network expands, the demand for SOL tokens is expected to rise, further boosting the likelihood of Solana reaching the $300 mark.

Solana Price Targets

Using the Fibonacci extension tool, the next price target on the weekly chart is identified at $305, at the 38.20% Fibonacci level. The uptrend has already exceeded the 23.60% Fibonacci level at $214.39.

Solana Price Chart (weekly)
Solana Price Chart (weekly)

Notably, Solana’s breakout rally formed three consecutive bullish candles in the past three weeks. Beyond $305, the Fibonacci tool points to price targets at $406 and $541. Conversely, the $214 level will likely provide support in case of a bearish turn.

Expert Says Shiba Inu Looks Like Dogecoin, Predicts Surge to $0.000049

Elendu Benedict
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Expert Says Shiba Inu Looks Like Dogecoin, Predicts Surge to $0.000049

Shiba Inu is poised for a near three-figure gain after an analyst speculated a price action similar to Dogecoin, the leading meme coin.

Dogecoin surged over 100% to trade at $0.4359 as ties with Elon Musk, who was crucial to Donald Trump’s win, sparked bullish momentum. During the rally, the leading meme coin hit a market cap of $65 trillion, briefly overtaking XRP in valuation.

Meanwhile, although up 39% in the past month, Shiba Inu has not matched Dogecoin’s explosive surge. The Ethereum-based meme coin broke past the resistance at $0.000021 but failed to move on par with high-caliber assets like XRP, Solana, and Dogecoin.

Amidst the mild bullish momentum, analyst Ali Martinez has identified a similarity between Shiba Inu and the pre-Dogecoin price uptrend. His recent analysis shows he expects an identical price action for the second-largest meme coin by market cap.

Shiba Inu to Mirror Dogecoin’s Surge

In a Thursday tweet, Martinez indicated that Shiba Inu’s chart shows properties identical to Dogecoin prior to its over 100% surge. The analyst identified a similar price structure between both tokens, asserting Shiba Inu could be up for massive gains.

Martinez noted that if the similarity works to full effect, Shiba Inu could surge almost 100% to a three-year price high of $0.000049. Meanwhile, he attached a chart to the tweet backing his price prediction.

Notably, the prediction came a day after the expert speculated a Shiba Inu price surge to $0.000039. Per the earlier report, Martinez argued that SHIB could target a 62% uptick, citing similar price growth the last time whales withdrew large amounts of Shiba Inu from exchanges.

Similar Shiba Inu Price Predictions

Meanwhile, Martinez is not the only market watcher bullish on SHIB. Other analysts have also speculated a similar price spike as bullish momentum prevails in the broader crypto market.

For instance, analyst Carl “The Moon” speculated a Shiba Inu push to $0.00003630. The notable X analyst speculated that the leading meme coin could be up for a substantial uptick if it breaks upwards.

However, Shiba Inu’s marketing lead, Lucie, placed an even higher price expectation for the token. Lucie insisted that SHIB is going to $0.0000686, accounting for an over 170% surge from the market price.

In the meantime, Shiba Inu trades at $0.00002497, up 4% in the past 24 hours.

FINRA Launches New Crypto Resource Section on Risks and Investor Protections

Albert Brown
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FINRA Launches New Crypto Resource Section on Risks and Investor Protections

The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive section on its website dedicated to cryptocurrency.

This new resource provides detailed information on the classification of crypto assets, the risks involved in trading them, and relevant investor protections.

Classifications of Crypto Assets

One key feature of the new FINRA section is a focus on the legal status of crypto assets. FINRA explains that, depending on applicable laws, certain cryptocurrencies may qualify as securities, commodities, or other asset types.

While the term “crypto asset security” is not used explicitly, except in reference to a 2023 SEC Investor Alert, the authority stresses that some crypto assets or transactions may meet the federal definition of a security under U.S. securities laws.

The section clarifies that whether a crypto asset is considered a security depends on legal definitions and tests, such as the Howey Test and Reves Test, which are based on prior court decisions. These tools help determine whether an asset meets the criteria for a security under federal law.

FINRA also emphasizes that the regulatory framework for crypto assets remains incomplete and that many crypto transactions lack the protections typically afforded by securities laws.

Eleanor Terrett, FOX Bussines News correspondent, called attention to this development from FINRA in a post on X.

 

Understanding the Risks of Crypto Assets

FINRA also delves into the risks associated with crypto assets, detailing how they can differ from traditional securities or commodities. The agency highlights that crypto transactions may not benefit from robust regulatory frameworks, exposing investors to potential vulnerabilities. 

To support informed decision-making, FINRA offers links to resources from other regulatory agencies, including the Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC), and Federal Trade Commission (FTC).

Moreover, FINRA’s crypto section includes links to educational materials and resources. These resources provide insights into the processes of buying and selling crypto assets while offering strategies for understanding associated risks.

Charles Schwab Incoming CEO Regrets Not Buying Crypto, Confirms Entry Into Crypto Spot ETFs

Elendu Benedict
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Charles Schwab Incoming CEO Regrets Not Buying Crypto, Confirms Entry Into Crypto Spot ETFs

$7.13 trillion asset manager Charles Schwab is considering venturing into crypto spot exchange-traded funds when the coast gets clearer.

Charles Schwab’s incoming CEO, Rick Wurster, has proposed an imminent exploration of the crypto spot ETF sector. In a Nov. 21 Bloomberg interview, he stated that the asset manager would test the spot ETF waters “when the regulatory environment changes.”

Wurster noted that the eventuality of a crypto regulatory change has gained momentum following the change in government. Notably, pro-Bitcoin US President-elect Donald Trump will be inaugurated in January, and SEC chair Gary Gensler will step down next year.

As a result, the incoming chief executive officer stated that Charles Schwab is getting ready for this change. He implied that the launch of a crypto spot ETF from the asset manager is closer than ever following Trump’s win.

Wurster Feels Silly Not Owning Bitcoin

The CEO insisted that crypto is an interesting asset class and has attracted significant investments over the years. Notably, these exposures to the emerging sector have come with immense profits, as Wurster alleged that investors have “made a lot of money doing it.”

The incoming Charles Schwab executive indicated he felt “silly” not buying into the sector, as it has been lucrative. However, he noted that he wouldn’t personally acquire crypto assets now but would encourage investors seeking exposure to digital assets.

Charles Schwab Eyes the Competitive Crypto ETF Market

Meanwhile, the $7.13 trillion asset manager’s proposed endeavor would enhance the competitiveness of the crypto spot ETF sector. Since the January launch of the Bitcoin investment vehicle, issuers have scrambled to attract investors, with the BlackRock iShares Bitcoin Trust (IBIT) somewhat dominating inflows.

Considering Charles Schwab’s hefty assets under management (AUM), the giant financial institution would compete with BlackRock, Fidelity, Grayscale, and other notable issuers for inflows. Charles Schwab would also bring additional traction to the buzzing Bitcoin funds.

Notably, Charles Schwab offers a variety of crypto ETFs, mutual funds, and futures products. The firm offers clients exposure to Bitcoin futures and has the Schwab Crypto Thematic ETF.

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