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📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
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SHIB Eyes 20% Rally, Bitcoin Up 1,724% in Liquidation Imbalance, XRP Close to $3 Breakout: Crypto News Digest by U.Today
Shiba Inu coin eyes 20% rally
Shiba Inu (SHIB) to add 20% next week if this Bollinger Bands signal validates.
SHIB just closed a weekly candle at $0.00001334, positioning itself above a significant support level and setting the stage for a potential 20% surge if the momentum continues
The price is advancing toward the upper Bollinger Band on the weekly time frame, currently around $0.00001554
This isn't the first time that SHIB has used this region as a launchpad. The $0.00001200 to $0.00001300 range has acted as a demand zone for months, with multiple successful retests since last year
The difference now is the candle structure. Last week's nearly 13% gain came from a clean bounce off the lower part of the range. This was followed by a close above the 20-week moving average for the first time in two months.
The Bollinger Bands are starting to open slightly, suggesting that volatility may be returning after a long period of sideways movement. If SHIB extends to the top band, which it tends to do once breakouts gain traction, the projected upside would put the token at around $0.00001550. That price is roughly 20% higher than the current price.
Bitcoin's $118K breakout triggers liquidation wave
Bitcoin price breakout sparks epic liquidation imbalance.
BTC recorded $3.66 million in short liquidations, compared to just $197,660 from longs. That’s an imbalance of 1,722%, with nearly all the damage falling on short positions
Unlike typical shakeouts, where longs become overexposed, this breakout wiped out shorts almost exclusively. For BTC, it was a one-sided liquidation, a rare event when price action favors longs so clearly.
Across all tokens, 12-hour liquidations totaled $55.54 million, split between $34.16 million from shorts and $21.38 million from longs. Over the full 24-hour period, the total liquidation volume reached $191.17 million, with $123.56 million from long positions and $67.61 million from short positions
XRP eyes key $3 breakout
XRP is extremely close to hitting pivotal level, but one last test is left.
A strong rally that brought XRP near its most crucial threshold in months — the psychological $3 mark — brought the cryptocurrency into the public eye. Recent sentiment has changed as a result of the breakout above the $2.50-$2.60 resistance, setting up XRP for what may turn out to be a pivotal move in the upcoming trading sessions
In particular, the resistance just below $3 is important. This level has not been adequately tested in the past. This area has remained mostly untapped by any sustained volume because previous upswings lost momentum before ever reaching it
All of the daily charts' major moving averages, including the 50, 100 and 200-day lines, are well above XRP. These lines have now flattened out or turned upward, signaling a significant transition from a consolidation phase to an acceleration phase