The cryptocurrency market recovered quite well on September 11, exceeding the new limits of the bearish market and potentially progressing even more than expected. However, the increase in RLUSD volume could suggest more careful positioning. In our prediction of the most recent market, we broke how Bulls began to return.
RLUSDT volume peak
Around $ 200 million have moved through Stablecoin de Ripple, Rlusd, on the last day, marking a great increase in commercial volume. This peak is attracting attention throughout the cryptocurrency market, for a token that normally maintains a discreet and stable profile as a USD stable.
There could be a series of causes for this type of movement. To protect themselves from the volatility of more risky assets such as Bitcoin or Ethereum, institutional players may be transferring their money to RLUSD. Probably, Stablecoins are being used as a safe shelter by some merchants due to the recent volatility in altcoins and significant entries in exchanges.
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The volume could indicate the early activity of the payment corridors that open behind the scene, given the continuous impulse of Ripple for adoption in cross -border agreements and agreements. The main lesson learned from the spike is that Rlusd remains stable, reinforcing confidence in its PEG mechanism.
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If the increase in volume continues, you can indicate the beginning of a greater absorption of Ripple Stablcoin on the payment and trade platforms. Investors must monitor if the greatest demand results in a deeper liquidity in exchanges in the near future, since this would make the rlusd a more reliable pair.
In general, speculation is less important than the general positioning of the cryptocurrency market when it comes to the volume increase of $ 200 million. In a way, it draws attention to the growing need for stability in an unpredictable market and suggests that Ripple’s stable could be more significant in future global liquidity flows.
How good can Doge be?
Dogecoin has had a surprisingly well performance, breaking the $ 0.24 mark, which few had predicted their slow performance in recent months. Doge, which was once thought that it was an asset driven by memes vulnerable to exaggeration cycles, now exhibits resilience, challenging the general uncertainty of the market and demonstrating its ability to surprise supporters and burning doubts.
Dogecoin EMA of 100 days and 200 days have been a solid base for buyers, and cryptocurrency has continually respected the important support areas in the range of $ 0.21- $ 0.22 in recent weeks. With the bulls involved in fundamental points, the recovery of these levels and the rupture above the short -term mobile averages suggest that the impulse is improving.
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In addition, there has been a slight increase in negotiation volume, which could indicate that a new market interest is emerging. The RSI, which is close to 59, indicates that the bullish pressure is increasing without being overwhest. This allows more rise before reaching hard circumstances.
If Doge remains above $ 0.24, the following logical resistance is between $ 0.27 and $ 0.28, where the previous demonstrations were limited this summer. A race towards $ 0.30, which would represent an important psychological milestone, could be possible if that area is broken successfully. The fact that this rally coincides with a decrease in the enthusiasm that surrounds meme coins is what makes it so intriguing.
It seems that technical force and accumulation instead of speculative mania were the driving forces behind the Doge movement. Dogecoin can begin to establish a reputation as a reliable cryptocurrency of medium capitalization with constant support of investors if this trend is maintained. In summary, Dogecoin has resurfaced as a contender in the current market cycle after its unexpected rupture above $ 0.24 has dissipated bearish expectations.
Ethereum too quiet
With the price share in the range of $ 4,300 and the volatility in the minimum of all time, Ethereum exhibits an unusual calm. The second largest cryptocurrency believes that this quiet moment is misleading and could be a risky prelude to a storm.
With tight candles and little volume, ETH has been exchanging sideways on the lists for more than a week. The market seems to be losing liquidity, which suggests that merchants are waiting until something clear happens. In the past, these inaction periods often arrived before violent outbursts.
Ethereum remains at high levels without buyers or vendors that control the market, which is more worrying than lack of movement. This implies that it could release a strong enough increase to destroy everything on its path when the impulse finally returns.
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The thesis is backed by technical indicators. There are still many growth opportunities since the RSI is neutral but balanced in 51. Ethereum, meanwhile, is still quoting above its 50 -day Ema, indicating that the upward structure is still in its place even in the absence of any immediate action.
The lack of maintenance of the current levels could lead to a new test of $ 4,100 or even $ 3,800, while a clean rupture above $ 4,500 could pave the road to the expected $ 5,000 mark. Because there is less liquidity, there is a greater possibility that a sudden increase in the purchase pressure leads to a series of short liquidations, which would send Eth to shoot.
On the other hand, if the bears take advantage of the situation, the same lack of liquidity can accelerate a strong decrease. Although Ethereum’s silence is disturbing, he also prepares the market for the next fundamental action.
The storm has the potential to boost the new heights with $ 5,000 as the main objective if the bulls make a strong return. Calm must be interpreted as a warning instead of a security sign until that moment.
The general state of the market is cautiously positive. With the return of Bitcoin, Ethereum and other large, smaller assets are earning more traction and could show us long expected recoveries. Unfortunately, if Stablecoin’s volumes continue to grow, it would be a sign of an bearish change.