📢 Breaking News 🧙‍♂️ Today, US stock markets will be clo

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📢 Breaking News 🧙‍♂️ Today, US stock markets will be closed due to Memorial Day. 🧙‍♂️Today Floki (#FLOKI ) will make an announcement. 🧙‍♂️Today Solana (#SOL ) will release the v1.18 update.

📢 Breaking News
 🧙‍♂️ Today, US stock markets will be closed due to Memorial Day. 
 🧙‍♂️Today Floki (#FLOKI ) will make an announcement.
 🧙‍♂️Today Solana (#SOL ) will release the v1.18 update.

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The Fall in Bitcoin Price Sent Solana (SOL) to the Lowest Level Since May 2024. According to cryptocurrency analysis firm CoinGecko, Solana (SOL) has experienced a significant decline of 7.5% in the last 24 hours and is currently at around $137. The price movement is in a symmetrical triangle pattern, it is possible for this pattern to break up or down. Given Solana's previous upward momentum, the outcome of this pattern could significantly impact future price trends. Impact of Moving Averages on Solana's Performance Solana's price is currently trading below the 50-day simple moving average (SMA) but above the 200-day SMA. This dynamic is indicative of the ongoing struggle between bulls and bears. The 200-day #SMA forms an important support level for potential upside momentum. If the symmetrical triangle formation breaks to the upside, #SOL could rise up to 63% and reach $292. However, the risk of a downward break should not be ignored. Investors should focus on several important factors to consider in the current market environment: ** Watch the symmetrical triangle formation closely for signs of a breakout in either direction. ** Evaluate the 50-day and 200-day SMA levels to identify critical support and resistance levels. ** Watch for increased trading volume, which may indicate an increase in investor activity. ** Keep track of the number of active addresses on the network, this is an indicator of interest and usage in the platform. Important support levels for Solana are set at $87 and $56. Despite current market uncertainties, Solana's 24-hour trading volume increased by 153%, indicating increased investor interest. The number of active addresses on the Solana network peaked in May, reaching 41.65 million, but a decline was observed starting in mid-June. Still, strong support in open interest around $1.36 billion suggests continued investor interest. $BTC $SOL #CryptoDeNostradame #ParrotBambooCrypto

The auction for the SSR Portugal NFT from @Cristiano’s latest collection ends today⏳ Don't miss your last chance to get an all-expenses-paid trip to meet CR7 in person! Place your bid now 👇

Ethereum Leads Correction in Altcoin Market as FOMO Reduces. In recent months, the phrase “altcoin season” has become a common term in the cryptocurrency market and comes with expectations of serious price increases. However, the excitement has faded considerably, making way for a more measured and calculated market approach. Apart from Ethereum, many altcoins experienced corrections of 10% to 20% last week. This trend shows that the “fear of missing out” (#FOMO ) that often drives speculative investing at market peaks has decreased significantly. The decline in #FOMO since the market peak in March presents a potential buying opportunity for savvy investors. Santiment's data indicates that the current market sentiment is approaching the bottom levels and is an advantageous entry point for those who want to benefit from the decrease in excitement during this period. As FOMO levels reach their lowest levels in 2024, investors, especially those interested in prominent altcoins such as Shiba Inu (SHIB), Dogecoin (#DOGE ), and XRP, may consider re-entering the market during this recession. Bitcoin's approach to its all-time high is in stark contrast to most altcoins trading below their peaks. Famous crypto analyst Benjamin Cowen suggests that expectations of an altcoin bull run anytime soon may be premature. According to Cowen, a significant uptrend is unlikely before the Federal Reserve (Fed) starts cutting interest rates. Historically, altcoins have provided strong returns following Fed rate cuts. Cowen explains: “The decline in most altcoins parallels the decline in the bull/bear index and is reminiscent of the period before the Fed started cutting interest rates in 2019. This index fell sharply before the Fed cut interest rates in July 2019. “It is very important to monitor these movements because it may be premature to expect an altcoin season without Fed rate cuts.” $DOGE $SHIB $XRP #CryptoDeNostradame #ParrotBambooCrypto

🧙‍♂️ It was revealed that two former Chinese bank managers laundered $ 248 million in illegal funds using cryptocurrencies. #ParrotBambooCrypto #CryptoDeNostradame

⚡️Morningstar Ventures AMA Recap⚡️ We recently did an AMA that touched on a very interesting topic! Our Co-Founder and CEO Julian Peh shared insights on how to build scalable Web3 AI infrastructure solutions, highlighting the integration of account abstraction for a seamless user experience 🌟 If you missed it, you can check out the AMA recap here 👇 https://x.com/KIPprotocol/status/1802994806878294045

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