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🔥🔥🔥 #cardano ’s Potential Surge: Analyst Predicts ADA to Rise Above $3 Amidst Market Volatility  Cardano (ADA) is eyeing a breakout above $1, following a pattern of upward movement within the $0.45 - $0.50 range. Despite recent market fluctuations, Cardano's ecosystem remains robust, with 83.6 million transactions recorded as of March 21, 2024. Technical analyst Trend Rider predicts a bullish move for ADA, highlighting strong support between $0.45 and $0.50. ADA's potential breakout is supported by historical data and favorable Relative Strength Index (RSI) signals. Cardano's ecosystem has experienced remarkable growth, with a 166% increase in Total Value Locked (TVL) and a surge in smart contract adoption, adding 9,671 new contracts in March 2024. Additionally, Cardano leads in development activity, recording 611.47 GitHub commits in the past month, showcasing its potential for expansion and adoption. Source - crypto-news-flash.com #CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency $ADA

🔥🔥🔥 #cardano ’s Potential Surge: Analyst Predicts ADA to Rise Above $3 Amidst Market Volatility 


Cardano (ADA) is eyeing a breakout above $1, following a pattern of upward movement within the $0.45 - $0.50 range.

Despite recent market fluctuations, Cardano's ecosystem remains robust, with 83.6 million transactions recorded as of March 21, 2024.

Technical analyst Trend Rider predicts a bullish move for ADA, highlighting strong support between $0.45 and $0.50. ADA's potential breakout is supported by historical data and favorable Relative Strength Index (RSI) signals.

Cardano's ecosystem has experienced remarkable growth, with a 166% increase in Total Value Locked (TVL) and a surge in smart contract adoption, adding 9,671 new contracts in March 2024.

Additionally, Cardano leads in development activity, recording 611.47 GitHub commits in the past month, showcasing its potential for expansion and adoption.


Source - crypto-news-flash.com

#CryptoNews🔒📰🚫 #BinanceSquareTalks #cryptocurrency $ADA


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🔥🔥🔥 #dogwifhat To Tumble? Analyst Sets $1 Target For $WIF Dogwifhat (WIF), once a #memecoin🚀🚀🚀 sensation, is now mirroring Bitcoin's downturn with a price dip exceeding 10%. Speculation from analysts like Bluntz suggests WIF may target $1 next after experiencing a 95,000% surge to $4.58 by March's end, followed by oscillations between $2.3 and $3.7. Bluntz views this descent as a "generational buy opportunity," anticipating a new ATH after hitting $1. However, not all analysts agree. Otsukimi sees WIF's chart displaying solid performance, hinting at a potential bounce back from current levels with a wide bullish consolidation. Elon Musk's recent mention of Dogwifhat during a live stream sparked speculation about his interest in the token, but the "Musk Effect" had little impact on WIF's price, which remained between $2.65 and $2.8. Musk's mention did lead to the creation of dogwifihat (WIFIHAT), which surged by 6,200% briefly before retracing over 95% in the past 24 hours. WIF itself experienced a 14.6% decline in the last day, trading at $2.44. This represents a 26.3% and 18% decrease in the weekly and monthly timeframes, respectively, despite a 76.1% increase in market activity with a daily trading volume of $705.6 million. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareTalks #CryptoMarket
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💥💥💥 #NFT Prices Tumble As Crypto Investors Place Big Bets On #bitcoin And Ethereum #ETFs The non-fungible token (NFT) market is experiencing a decline in popularity amidst optimism around Bitcoin (BTC) and Ethereum (ETH) price spikes. Google searches for NFTs have hit their lowest levels since 2021, as reported by Bloomberg. NFT sales dropped over 6% to $8.5 billion in the first five months of this year, compared to the same period last year. This is a significant decline from the peak in January 2022, when sales reached $17.2 billion in one month. The sentiment around NFTs worsened last month when the US SEC took steps toward approving ETFs directly investing in Ethereum, causing investors to reallocate funds from NFTs to ETH. Nicolas Lallement of NFT Price Floor noted this capital rotation is common in crypto markets, contributing to price drops for NFTs. Popular NFT collections like CryptoPunks, Bored Ape Yacht Club (BAYC), and Chromie Squiggle have seen significant price declines, with some dropping around 40% to 50% year-to-date. Despite some collections like XCOPY’s posting positive returns recently, the overall trend indicates a market correction. Daniel Maegaard, an NFT collector, confirmed the ongoing decline or stagnation of most NFT collections since their 2021 peak. While Magic Eden has shown some resilience and gained market share, its trading activity has decreased since April. Overall, the NFT market is reflecting a decline in both popularity and prices, with continued correction expected. ETH was trading at $3,480, following a sharp decline along with Bitcoin. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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🔥🔥🔥 $BTC average change in retail demand falls to 5-month low, could a 75% rally be next? Bitcoin's retail demand has declined over the past month, with some analysts suggesting it might signal an impending price surge similar to early 2024. Retail investor interest, defined by those with up to $10,000 in transfer volume, has dropped to its lowest in five months, a level last seen in January. This previous decline led to a 75% surge over two months. CryptoQuant's Axel Adler reported a negative 17% average monthly change in retail demand over the past 30 days. A similar drop to -18% in January preceded Bitcoin’s rise from $40,000 to $70,000, following the approval of spot #BitcoinETFs in the U.S., which drove Bitcoin to a mid-March all-time high of $73,679. Adler also noted a 31% demand drop over 17 days before May 24, with a shift attributed to rising interest in GameStop and #Ethereum due to initial spot Ether ETF approvals. Factors like the U.S. Consumer Price Index (CPI) also influence Bitcoin demand; a lower CPI can make Bitcoin more appealing as traditional savings yield less. Markus Thielen of 10x Research indicated that the CPI must drop to 3.3% on June 12 for Bitcoin to reach new all-time highs. On June 11, Bitcoin fell below its November 2021 all-time high of $69,000, trading at $67,350, down 3.19% in 24 hours per CoinMarketCap. This decline led to $52.87 million in Bitcoin long positions being liquidated, though open interest remains above $35 billion per CoinGlass data. Despite traders' hopes for a rebound above $70,000 after a June 8 drop, Bitcoin has yet to recover. Future traders appear pessimistic about a near-term recovery, with $2.14 billion in short positions hinging on the June 12 CPI results. This is not investment advice. Source - cointelegraph.com #CryptoTrends2024 #BinanceSquareBTC
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👉👉👉 After the Sudden Decline in #bitcoin , Legendary Analyst il Capo Shares What to Expect Next Following a sudden decline in the #cryptocurrency market, the renowned analyst Capo of Crypto, often described as legendary by some, shared insights about Bitcoin's recent performance. Today, Bitcoin's price dropped nearly 5%, falling to $66,123. This decline also impacted the altcoin market, with #altcoins experiencing similar percentage drops to $BTC . In his latest post, Capo of Crypto emphasized that the critical $67,000 support level had been breached. However, he noted that demand for Bitcoin remains robust despite this downward movement. Discussing his outlook and scenarios, Capo mentioned that surpassing the $67,000 level once again would favor the bulls. He also identified $65,000 as another significant support level. According to Capo, the metrics suggest that it is more likely for Bitcoin to reclaim the $67,000 level, which would indicate a deviation in price movement. He concluded by stating that his current stance is to "wait and see." *This is not investment advice. Source - en.bitcoinsistemi.com #CryptoTrends2024 #BinanceSquareTalks
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💥💥💥 #bitcoin Price Falters: Another Downturn In Crypto Prices Bitcoin's price failed to sustain above the $68,500 support zone, leading to further losses and bearish signals below $68,800. Bitcoin's Decline - Initial Surge and Drop: Bitcoin attempted to rise above the $69,500 resistance, briefly breaking $70,000, but couldn't maintain gains. The price peaked at $70,142 before starting a fresh decline. - Support Levels Breached: It fell below key support levels at $69,500 and $68,500, reaching a low of $67,920. The price is now consolidating near the 23.6% Fib retracement level from the $70,142 high to the $67,920 low. Current Trading Position - Below Key Averages: Bitcoin is trading below $69,500 and the 100-hour Simple Moving Average. - Resistance Levels: Immediate resistance is around $68,800, with significant resistance at $69,000 (50% Fib retracement level of the recent decline) and $69,500, where a bearish trend line is forming on the hourly chart. - Potential Upside: A clear move above $69,500 could push the price to test the $70,000 level, and further gains might target $71,200. Potential for Further Declines - Failure to Rise: If Bitcoin doesn't climb above the $69,500 resistance, another decline may start. - Support Levels: Immediate support is near $68,000, with major support at $67,650 and $67,500. Continued losses could drive the price toward $66,400. Technical Indicators - MACD: Gaining momentum in the #BEARISH📉 zone. - RSI: Below the 50 level for BTC/USD. Summary - Support Zones: $68,000, $67,500. - Resistance Zones: $69,000, $69,500. Bitcoin's failure to stay above critical support levels has led to further losses. Resistance is around $68,800 and $69,500. If these are not surpassed, the price could decline to $68,000, $67,500, or even $66,400. Technical indicators highlight this bearish trend, stressing the need to break significant resistance to reverse it. Source - newsbtc.com #CryptoTrends2024 #BinanceSquareBTC #cryptocurrency
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