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Future of Binance Coin: Price Analysis and Bearish Signals:

Last month, Binance Coin saw erratic price changes, establishing a channel and currently trading at the bottom end of this range. Bitcoin is still trading for less than $27,000 at the moment. With all of these drawbacks, an increase in BNB may not be likely.
According to a recent price study, the support level at $205 might be breached on October 10. BNB's price fell to $202.8, but a decisive downward breakthrough has not yet taken place. Here are some upcoming BNB expectations for traders and investors.

BNB Coin Evaluations:
When examining the market structure of Binance Coin, a decline towards the $205 support level on the 4-hour bullish order block led to the discovery of a downtrend. At $203.9, the price created a low range (orange). From $212.7 on October 10, Binance Coin moved toward the middle zone, but practically all gains were erased as a result of the general market fall.
The data show that a closure below $204 on the 4-hour market movements may have caused investors to consider short positions. Given all of these elements, there was no conducive setting for buyers to demonstrate their strength. In October, On-Balance Volume continued to move downward while the Relative Strength Index stood at 42.
Furthermore, the Chaikin Money Flow was below -0.05, indicating a large outflow of capital from the market. When examining price alterations and signs collectively, it can be anticipated that BNB is likely to fall under $204.

The Prospects for BNB Coin:
As shown in the hourly chart below, when prices dropped on October 9 and 12, Open Interest experienced a sharp rise in the opposite direction. This suggests that the market has become even more intensely pessimistic. These price changes also reveal the bears' readiness to short the token.

On October 10,Cumulative Volume Delta increased. Bulls, though, were unable to withstand the strain. The past two days also observed a slight decline in CVD. This means that BNB may experience more short selling due to a lack of genuine market demand.
#BNB #BTC

The crypto request is back in extremely bearish home, with Bitcoin trading forcefully below the$ 26,000 price position. The global crypto request cap shrunk by over 3 in the once 24 hours and has fallen to$1.04 Trillion.
While major altcoins like XRP, Solana and MATIC are seeing strong corrections, the lately launched CyberConnect commemorative is seeing a strong 55 bull rally.$ CYBER is presently thetop-most trending commemorative on CoinMarketCap, with dealers paying as much as 2000 annualised freights to buy it. #CYBER

Since its launch on August 15, the cyber $coin has seen significant price increases compared to the original launch price. In the last 14 days, data from Coingecko confirmed a rise of more than 103% for CYBER, showing an upward trend despite being relatively new to the market.
With an impressive 172% surge in the last seven days, there is a good chance the coin can continue its growth into early September. However, CYBER's trading volume fell by more than 56%, indicating the presence of for-profit investors in the market and raising concerns among potential investors. However, there is increasing speculation that successes within the CyberConnect ecosystem could accelerate the development of CYBER.If growth continues, CyberConnect may soon attract more traders and investors.
#CYBER

#GoatMoments
As I took my first steps into this uncharted territory, I was captivated by the concept of decentralization. As my Web 3 journey unfolded, it became more than just a technological exploration.
It became a Goat journey of self-discovery, pushing me to question existing power structures, reevaluate my relationship with technology, and envision a more equitable and inclusive future. Web 3 empowered me to challenge the status quo and actively shape the digital world I desired to be a part of.

It was a got $journey of learning, growth, and continuous adaptation. As I stand at the forefront of this transformative landscape, I am filled with excitement and anticipation for what lies ahead—the untapped potential of Web 3 and the profound impact it will have on our collective future.

Bitcoin Recovers Price📈
Bitcoin has made an impressive recovery in the world of cryptocurrencies this month, marking a significant milestone. Bolstered by the continuous bullish trend led by market bulls, BTC has surged past $31,000, surpassing its All-Time High price of the year.

As of the time of writing, Bitcoin is currently being traded at $30,550. According to insights from Glass Node, a leading cryptocurrency market analytics provider, this rise from $25,000 to above $30,000 has resulted in more than 1.8 million Short-Term Holders realizing profits.

In fact, a staggering 96.9% of BTC in the short-term supply category now belongs to profitable addresses. This statistic carries several promising implications. When concerns and anxieties surrounding an asset diminish, it tends to attract a greater influx of capital.

Breaking News: Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%.

On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over 300,000 unconfirmed transactions awaiting confirmation, and 185 blocks need to be mined to clear the backlog.

Bitcoin Backlog Begins to Gradually Subside
Bitcoin has been the talk of the town lately, as it grapples with the challenge of meeting the demand for block space.

#BTC #crypto2023 #btcupdate #btcnews

Exciting News: A Proposal to Strengthen Security with a 100 Quadrillion Token Burn on ETH and fee reduction to 0%

We've been listening to your concerns and have come up with an innovative solution to further enhance the security and integrity of our project. As these 100 quadrillion tokens have been sitting idle since our launch on ETH, we propose a monumental token burn to reduce potential exploitation risk associated with them. This would effectively remove a significant portion of the tokens on ETH, ensuring the long-term stability and safety of our ecosystem.