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💥💥💥 $SUI Sees 15% Weekly Surge Ahead Of Token Unlock, Can It Hit New ATH In October?
SUI Sees 15% Surge Amid #Q3 Rally, but Unlock Event Looms as Potential Threat
- Sui Network (SUI) has surged 15% in the past week, with its price action fueling investor sentiment. However, some analysts believe that the upcoming unlock event could hinder its rally towards a new all-time high (ATH) next quarter.
Q3 Performance: A Remarkable Surge
- In the past three months, SUI's price has skyrocketed 114%, moving from $0.80 to the current price range of $1.88. This performance makes it one of the best-performing cryptocurrencies in Q3, despite most tokens experiencing losses during market downturns.
Market Analysts Weigh In
- #CryptoAnalyst Crypto Bullet notes that SUI's monthly candle is "absolutely phenomenal" as it has been retesting levels unseen since April and is sitting 20% below its all-time high of $2.17. The analyst previously predicted that SUI would test and break the $2 resistance level in Q4, reaching a new ATH around the $5 mark.
Unlock Event: A Potential Threat
- Analysts warn that SUI's October unlock event, releasing 64.19 million tokens worth $112 million and increasing supply by 2.4%, could hinder its rally. While some view it positively, others see it as a potential risk to SUI's performance.
Network Achievements Fuel Sentiment
- Despite concerns over the upcoming unlock event, Sui Network's recent achievements have boosted investor sentiment. Sui led all chains with $6.8 million in daily net flows and hit the $1 billion TVL milestone on Sunday.
Analyst Bluntz Sees a Bullish Trend
- Crypto analyst #Bluntz recently called SUI "a certified beast" due to its recovery from dips. According to his chart, SUI's wave three will target the $2 resistance level before retracing to the $1.65-$1.70 support zone in wave four, setting the wave five's target around $2.6.
- As of this writing, SUI is trading at $1.88 and has outperformed the global crypto market in the past week, according to CoinGecko data.
Source - newsbtc.com
#CryptoTrending
SUI Sees 15% Surge Amid #Q3 Rally, but Unlock Event Looms as Potential Threat
- Sui Network (SUI) has surged 15% in the past week, with its price action fueling investor sentiment. However, some analysts believe that the upcoming unlock event could hinder its rally towards a new all-time high (ATH) next quarter.
Q3 Performance: A Remarkable Surge
- In the past three months, SUI's price has skyrocketed 114%, moving from $0.80 to the current price range of $1.88. This performance makes it one of the best-performing cryptocurrencies in Q3, despite most tokens experiencing losses during market downturns.
Market Analysts Weigh In
- #CryptoAnalyst Crypto Bullet notes that SUI's monthly candle is "absolutely phenomenal" as it has been retesting levels unseen since April and is sitting 20% below its all-time high of $2.17. The analyst previously predicted that SUI would test and break the $2 resistance level in Q4, reaching a new ATH around the $5 mark.
Unlock Event: A Potential Threat
- Analysts warn that SUI's October unlock event, releasing 64.19 million tokens worth $112 million and increasing supply by 2.4%, could hinder its rally. While some view it positively, others see it as a potential risk to SUI's performance.
Network Achievements Fuel Sentiment
- Despite concerns over the upcoming unlock event, Sui Network's recent achievements have boosted investor sentiment. Sui led all chains with $6.8 million in daily net flows and hit the $1 billion TVL milestone on Sunday.
Analyst Bluntz Sees a Bullish Trend
- Crypto analyst #Bluntz recently called SUI "a certified beast" due to its recovery from dips. According to his chart, SUI's wave three will target the $2 resistance level before retracing to the $1.65-$1.70 support zone in wave four, setting the wave five's target around $2.6.
- As of this writing, SUI is trading at $1.88 and has outperformed the global crypto market in the past week, according to CoinGecko data.
Source - newsbtc.com
#CryptoTrending
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#Crypto #FuturesTrading #Altcoins #CryptoAnalyst #CryptoSignals $BTC $ETH $SOL
#Crypto #FuturesTrading #Altcoins #CryptoAnalyst #CryptoSignals $BTC $ETH $SOL
I once listened to a #CryptoAnalyst list his top 5 #Alts that are ready to #pump
A week later 3 of the coins were delisted 😭😭
#neveragain
A week later 3 of the coins were delisted 😭😭
#neveragain
In May, the US saw an increase in average hourly earnings by 0.4%, surpassing predictions of 0.3% and exceeding the previous month's 0.2%. Nonfarm employment in the US for May rose to 272,000 jobs, surpassing estimates of 182,000 and exceeding the previous month's 175,000. The unemployment rate remained stable at 4.0%, in line with predictions of 3.9% and unchanged from the previous month's rate of 3.9%.
$BNB $BTC
#CryptoAnalyst #Binance55thProject(IO) #BTC
$BNB $BTC
#CryptoAnalyst #Binance55thProject(IO) #BTC
Binance, a leading cryptocurrency exchange, recently announced the delisting of four altcoins as part of its ongoing efforts to uphold industry standards and compliance regulations.
Regular reviews of listed digital assets are conducted by Binance to ensure adherence to high standards and industry requirements. Various factors, including project team commitment, development activities, trading volume, network stability, and legal compliance, influence the decision to delist a coin or token.
The delisted coins include #OMG, #WAVES, #WNXM, and #XEM. Users are advised to take note of the following important dates and actions:
🧙♂️ All trading orders will be automatically removed upon trading cessation at 06:00 on June 17, 2024.
🧙♂️ Deposits for these tokens will cease to be accepted as of 06:00 on June 18, 2024.
🧙♂️ Withdrawals for these tokens will no longer be supported as of 06:00 on September 17, 2024.
These measures are integral to Binance's commitment to maintaining the integrity and security of the trading environment, contributing to a healthy and sustainable crypto ecosystem.
$XEM $OMG $WAVES
#altcoins #BinanceLaunchpool #CryptoAnalyst
Regular reviews of listed digital assets are conducted by Binance to ensure adherence to high standards and industry requirements. Various factors, including project team commitment, development activities, trading volume, network stability, and legal compliance, influence the decision to delist a coin or token.
The delisted coins include #OMG, #WAVES, #WNXM, and #XEM. Users are advised to take note of the following important dates and actions:
🧙♂️ All trading orders will be automatically removed upon trading cessation at 06:00 on June 17, 2024.
🧙♂️ Deposits for these tokens will cease to be accepted as of 06:00 on June 18, 2024.
🧙♂️ Withdrawals for these tokens will no longer be supported as of 06:00 on September 17, 2024.
These measures are integral to Binance's commitment to maintaining the integrity and security of the trading environment, contributing to a healthy and sustainable crypto ecosystem.
$XEM $OMG $WAVES
#altcoins #BinanceLaunchpool #CryptoAnalyst
Sure, here's another take:
"Looking for potential gems in the DePIN (Decentralized Physical Infrastructure Networks) space for June 2024? Here are five coins to keep an eye on:
1. **Render (RNDR)**: With its innovative approach connecting artists and GPU resources, Render Network stands out. Keep an eye on its support and resistance levels for potential trading opportunities.
2. **Phala (PHA)**: Privacy-focused Phala Network is making waves with its blockchain-based cloud computing. Despite its lower market cap, its unique offering merits attention.
3. **Nosana (NOS)**: Operating on Solana, Nosana bridges computational needs and surplus CPU power. Watch for signals like potential breakouts or support levels for strategic entries.
4. **JasmyCoin (JASMY)**: JasmyCoin's IoT and user data control focus sets it apart, though recent gains may prompt a correction. Keep an eye on anticipated price movements for potential buying opportunities.
5. **Golem (GLM)**: Golem Network's decentralized marketplace for computational power continues to attract interest. Monitor its support and resistance levels for potential trading setups.
These projects represent exciting prospects within the DePIN sector, each offering unique solutions and potential growth in your portfolio."
$GLM $JASMY $RNDR
#StartInvestingInCrypto #altcoins #BinanceLaunchpool #CryptoAnalyst
"Looking for potential gems in the DePIN (Decentralized Physical Infrastructure Networks) space for June 2024? Here are five coins to keep an eye on:
1. **Render (RNDR)**: With its innovative approach connecting artists and GPU resources, Render Network stands out. Keep an eye on its support and resistance levels for potential trading opportunities.
2. **Phala (PHA)**: Privacy-focused Phala Network is making waves with its blockchain-based cloud computing. Despite its lower market cap, its unique offering merits attention.
3. **Nosana (NOS)**: Operating on Solana, Nosana bridges computational needs and surplus CPU power. Watch for signals like potential breakouts or support levels for strategic entries.
4. **JasmyCoin (JASMY)**: JasmyCoin's IoT and user data control focus sets it apart, though recent gains may prompt a correction. Keep an eye on anticipated price movements for potential buying opportunities.
5. **Golem (GLM)**: Golem Network's decentralized marketplace for computational power continues to attract interest. Monitor its support and resistance levels for potential trading setups.
These projects represent exciting prospects within the DePIN sector, each offering unique solutions and potential growth in your portfolio."
$GLM $JASMY $RNDR
#StartInvestingInCrypto #altcoins #BinanceLaunchpool #CryptoAnalyst
💥💥💥 #CryptoAnalyst Predicts 450% Move For Shiba Inu To Reach New All-Time High
Shiba Inu Eyes 450% Rally to New All-Time Highs, Analyst Predicts
Crypto analyst Javon Marks has projected a bullish surge for Shiba Inu ($SHIB ), anticipating a massive 450% increase to achieve new all-time highs.
Key Points:
- Projected Surge: Marks predicts SHIB could rise by 450%, aiming to surpass its previous all-time high (ATH) of $0.00008616.
- Historical Performance: Drawing parallels to previous bull runs, SHIB surged up to 400% in past cycles, reaching significant highs.
- Price Targets: Marks forecasts SHIB could reach $0.0000886, marking a new ATH, based on historical price patterns and bullish indicators.
- Technical Indicators: Marks cites "Hidden Bullish Divergence" on the Relative Strength Index (RSI) as a positive signal for SHIB's uptrend continuation.
Recent Performance and Fundamentals:
- Price Movement: SHIB has shown resilience with a 16.46% increase in the past week, currently trading around $0.0001733.
- Recent Trends: Following a period of market correction, SHIB has rebounded, supported by renewed investor interest in meme coins.
- Market Sentiment: Analysts, including 'SHIB Knight', anticipate further gains, suggesting a potential rise to $0.00005 post-breakout confirmation.
Conclusion:
Shiba Inu's recent bullish momentum, supported by optimistic analyst projections and strong market fundamentals, suggests potential for substantial price appreciation in the near term.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTrends #CryptoMarkets
Shiba Inu Eyes 450% Rally to New All-Time Highs, Analyst Predicts
Crypto analyst Javon Marks has projected a bullish surge for Shiba Inu ($SHIB ), anticipating a massive 450% increase to achieve new all-time highs.
Key Points:
- Projected Surge: Marks predicts SHIB could rise by 450%, aiming to surpass its previous all-time high (ATH) of $0.00008616.
- Historical Performance: Drawing parallels to previous bull runs, SHIB surged up to 400% in past cycles, reaching significant highs.
- Price Targets: Marks forecasts SHIB could reach $0.0000886, marking a new ATH, based on historical price patterns and bullish indicators.
- Technical Indicators: Marks cites "Hidden Bullish Divergence" on the Relative Strength Index (RSI) as a positive signal for SHIB's uptrend continuation.
Recent Performance and Fundamentals:
- Price Movement: SHIB has shown resilience with a 16.46% increase in the past week, currently trading around $0.0001733.
- Recent Trends: Following a period of market correction, SHIB has rebounded, supported by renewed investor interest in meme coins.
- Market Sentiment: Analysts, including 'SHIB Knight', anticipate further gains, suggesting a potential rise to $0.00005 post-breakout confirmation.
Conclusion:
Shiba Inu's recent bullish momentum, supported by optimistic analyst projections and strong market fundamentals, suggests potential for substantial price appreciation in the near term.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTrends #CryptoMarkets
💥💥💥 #Dogecoin Sees Rapid Accumulation Amid Price Crash, Whale🐳🐳🐳 Transactions Soar
Dogecoin Whales Accumulate Amidst Price Recovery
- Dogecoin ($DOGE ) whales have seized the recent market downturn as an opportunity to accumulate substantial amounts of the prominent meme coin. This development has injected positivity into Dogecoin's price, which has rebounded notably over the past 24 hours.
Whale Accumulation Trends
- According to data from IntoTheBlock, Dogecoin has witnessed significant activity in large transactions totaling $1 billion in recent days. These large transactions, involving $100,000 or more worth of Dogecoin, indicate that whales are either increasing their holdings or positioning themselves strategically amidst market fluctuations.
- IntoTheBlock data indicates DOGE whales are accumulating rather than selling, shown by a negative net flow to exchanges last week. This signals strong bullish sentiment among large holders, potentially spurring price recovery.
Bullish Outlook and Market Dynamics
- Dogecoin's market value to realized value (#MVRV ) ratio indicates that the meme coin is currently undervalued relative to its potential, further supporting a bullish outlook. Analysts like Kriss Pax have highlighted the positive signals from DOGE's Relative Strength Index (RSI), signaling favorable conditions for a potential uptrend.
Price Predictions
- #CryptoAnalyst Crypto Kaleo predicts significant upside potential for Dogecoin in this market cycle, forecasting price targets of $1 and even $2. He notes Dogecoin's historical price patterns, highlighting past parabolic rallies of up to 6,000% and 30,000% following previous halving events. Kaleo suggests a potential dip to $0.08, akin to previous corrections before substantial rallies, aligning with historical precedents.
Conclusion
Dogecoin whales accumulate amid market recovery, boosting confidence in DOGE's resilience and price potential. Bullish signals and optimistic forecasts highlight its standing in crypto volatility.
Source - newsbtc.com
#CryptoNewsCommunity
Dogecoin Whales Accumulate Amidst Price Recovery
- Dogecoin ($DOGE ) whales have seized the recent market downturn as an opportunity to accumulate substantial amounts of the prominent meme coin. This development has injected positivity into Dogecoin's price, which has rebounded notably over the past 24 hours.
Whale Accumulation Trends
- According to data from IntoTheBlock, Dogecoin has witnessed significant activity in large transactions totaling $1 billion in recent days. These large transactions, involving $100,000 or more worth of Dogecoin, indicate that whales are either increasing their holdings or positioning themselves strategically amidst market fluctuations.
- IntoTheBlock data indicates DOGE whales are accumulating rather than selling, shown by a negative net flow to exchanges last week. This signals strong bullish sentiment among large holders, potentially spurring price recovery.
Bullish Outlook and Market Dynamics
- Dogecoin's market value to realized value (#MVRV ) ratio indicates that the meme coin is currently undervalued relative to its potential, further supporting a bullish outlook. Analysts like Kriss Pax have highlighted the positive signals from DOGE's Relative Strength Index (RSI), signaling favorable conditions for a potential uptrend.
Price Predictions
- #CryptoAnalyst Crypto Kaleo predicts significant upside potential for Dogecoin in this market cycle, forecasting price targets of $1 and even $2. He notes Dogecoin's historical price patterns, highlighting past parabolic rallies of up to 6,000% and 30,000% following previous halving events. Kaleo suggests a potential dip to $0.08, akin to previous corrections before substantial rallies, aligning with historical precedents.
Conclusion
Dogecoin whales accumulate amid market recovery, boosting confidence in DOGE's resilience and price potential. Bullish signals and optimistic forecasts highlight its standing in crypto volatility.
Source - newsbtc.com
#CryptoNewsCommunity
Here are five essential points to consider regarding selling #NOTCOIN early:
1. Early Selling Was a Valid Decision: Feeling regretful for selling NOTCOIN early? Don't be. Selling on launch day wasn't necessarily a mistake, as blindly holding onto any coin carries inherent risks, regardless of its current surge.
2. Holding Isn't Always the Safest Bet: While holding onto coins can lead to wealth accumulation, it's not foolproof. Changpeng Zhao's advice of "if you can't hold, you won't be rich" holds true in some cases, but conducting thorough research into crypto projects is crucial to making informed decisions.
3. Avoid Emotional Attachments: Emotionally investing in any coin can cloud judgment. Instead, focus on making sound financial choices, as the crypto market moves swiftly, requiring strategic actions.
4. Consider Real-Life Needs: Many participants in the NOTCOIN airdrop had immediate financial obligations, making selling their coins a practical solution to address pressing needs. Prioritizing real-life necessities is a significant win in such scenarios.
5. Opportunities Abound: Missing out on NOTCOIN doesn't signify the end of your crypto journey. The digital asset realm is rife with opportunities, and more coins and exciting prospects await. Stay optimistic and remain vigilant for future chances.
If you found this information valuable, please show your support by liking, sharing, and following us for further updates!
$NOT
#StartInvestingInCrypto #BinanceLaunchpool #CryptoAnalyst
1. Early Selling Was a Valid Decision: Feeling regretful for selling NOTCOIN early? Don't be. Selling on launch day wasn't necessarily a mistake, as blindly holding onto any coin carries inherent risks, regardless of its current surge.
2. Holding Isn't Always the Safest Bet: While holding onto coins can lead to wealth accumulation, it's not foolproof. Changpeng Zhao's advice of "if you can't hold, you won't be rich" holds true in some cases, but conducting thorough research into crypto projects is crucial to making informed decisions.
3. Avoid Emotional Attachments: Emotionally investing in any coin can cloud judgment. Instead, focus on making sound financial choices, as the crypto market moves swiftly, requiring strategic actions.
4. Consider Real-Life Needs: Many participants in the NOTCOIN airdrop had immediate financial obligations, making selling their coins a practical solution to address pressing needs. Prioritizing real-life necessities is a significant win in such scenarios.
5. Opportunities Abound: Missing out on NOTCOIN doesn't signify the end of your crypto journey. The digital asset realm is rife with opportunities, and more coins and exciting prospects await. Stay optimistic and remain vigilant for future chances.
If you found this information valuable, please show your support by liking, sharing, and following us for further updates!
$NOT
#StartInvestingInCrypto #BinanceLaunchpool #CryptoAnalyst
👉👉👉 #SolanaDown 15% in past seven days amid claims of alleged $SOL investigation
Solana has been thrust into the spotlight amid claims by analyst Crypto Bitlord regarding an alleged investigation, sparking a wave of criticism and controversy among crypto analysts and Solana supporters on X.
According to Crypto Bitlord's recent tweet, rumors of an investigation into Solana have been circulating for several weeks. The X community heavily criticized the influencer for his assertion, labeling it as mere speculation rather than verified information.
The tweet coincided with Solana's recent price decline, with the cryptocurrency witnessing a 15% drop over the past seven days. This combination of price movement and speculative claims amplified concerns within the market.
Among the reactions, #CryptoAnalyst Evanss6 (@Evan_ss6) expressed a pessimistic outlook, suggesting that the community might be witnessing the "death of Solana."
Conversely, Luke (@toroscrypto) supported Crypto Bitlord's stance, referencing earlier predictions that Solana could face challenges similar to those experienced by LUNA in previous cycles.
In contrast, analyst Ricki.sol (@rickicryptostix) of #MonkeDAO dismissed Crypto Bitlord's allegations as baseless, labeling the supposed investigation as "nonsense."
Solana Labs has yet to respond to inquiries regarding these developments from FXStreet.
Source - fxstreet.com
#CryptoTrends2024 #BinanceSquareTalks
Solana has been thrust into the spotlight amid claims by analyst Crypto Bitlord regarding an alleged investigation, sparking a wave of criticism and controversy among crypto analysts and Solana supporters on X.
According to Crypto Bitlord's recent tweet, rumors of an investigation into Solana have been circulating for several weeks. The X community heavily criticized the influencer for his assertion, labeling it as mere speculation rather than verified information.
The tweet coincided with Solana's recent price decline, with the cryptocurrency witnessing a 15% drop over the past seven days. This combination of price movement and speculative claims amplified concerns within the market.
Among the reactions, #CryptoAnalyst Evanss6 (@Evan_ss6) expressed a pessimistic outlook, suggesting that the community might be witnessing the "death of Solana."
Conversely, Luke (@toroscrypto) supported Crypto Bitlord's stance, referencing earlier predictions that Solana could face challenges similar to those experienced by LUNA in previous cycles.
In contrast, analyst Ricki.sol (@rickicryptostix) of #MonkeDAO dismissed Crypto Bitlord's allegations as baseless, labeling the supposed investigation as "nonsense."
Solana Labs has yet to respond to inquiries regarding these developments from FXStreet.
Source - fxstreet.com
#CryptoTrends2024 #BinanceSquareTalks
🔥🔥🔥 $XRP ’s Bullish Signs Resemble 2016 Surge as Hidden Bull Divergence Signals Possible Breakout
XRP Signals Potential Rally, Echoes of 2016-2017 Surge
- XRP, currently at $0.5634, is consolidating between key levels:
support at $0.5634 and resistance at $0.60. Technical indicators suggest a potential trend reversal could be imminent if bullish momentum picks up, as signaled by the MACD.
- #CryptoAnalyst @JavonTM1 notes that XRP's current pattern mirrors its historic performance from 2016-2017, when it surged over 50,000%. While exact repetitions are rare, signs suggest a similar bullish trajectory might be forming.
Hidden Bullish Divergence
- XRP is showing hidden bullish divergence, where higher lows in price contrast with lower lows in the RSI, indicating underlying strength. This pattern previously preceded a significant rally in 2017. Recent analysis suggests a similar move could be underway, with traders watching for a breakout aligned with this pattern.
Current Trading and Indicators
- The XRP/USDT pair is consolidating at $0.5634. The RSI is neutral at 49.71, and the #MACD shows diminishing bearish momentum, hinting at a possible trend reversal. A breakout above $0.60 could signal the start of a bullish trend, potentially leading to a significant upward move.
Source - cryptonewsland.com
#CryptoTrends2024 #BinanceSquareTrends
XRP Signals Potential Rally, Echoes of 2016-2017 Surge
- XRP, currently at $0.5634, is consolidating between key levels:
support at $0.5634 and resistance at $0.60. Technical indicators suggest a potential trend reversal could be imminent if bullish momentum picks up, as signaled by the MACD.
- #CryptoAnalyst @JavonTM1 notes that XRP's current pattern mirrors its historic performance from 2016-2017, when it surged over 50,000%. While exact repetitions are rare, signs suggest a similar bullish trajectory might be forming.
Hidden Bullish Divergence
- XRP is showing hidden bullish divergence, where higher lows in price contrast with lower lows in the RSI, indicating underlying strength. This pattern previously preceded a significant rally in 2017. Recent analysis suggests a similar move could be underway, with traders watching for a breakout aligned with this pattern.
Current Trading and Indicators
- The XRP/USDT pair is consolidating at $0.5634. The RSI is neutral at 49.71, and the #MACD shows diminishing bearish momentum, hinting at a possible trend reversal. A breakout above $0.60 could signal the start of a bullish trend, potentially leading to a significant upward move.
Source - cryptonewsland.com
#CryptoTrends2024 #BinanceSquareTrends
The prediction for Notcoin's price in 2024 suggests it will likely reach $0.1 in July, with a potential trading range between $0.021373 and $0.101193. By 2025, Notcoin is projected to maintain a similar range, potentially gaining around 358.17% compared to its current price. However, reaching $1 would require a significant increase of 4,440.02%, which is not anticipated by the prediction algorithm. The highest expected price by the algorithm is $0.934618 by January 1, 2049.
$NOT
#BTC #Binance55thProject(IO) #CryptoAnalyst
$NOT
#BTC #Binance55thProject(IO) #CryptoAnalyst
🚀🚀🚀 #CryptoAnalyst Says #bitcoin☀️ Is Headed For $260,000 But This Must Happen First
Analyst Predicts Bitcoin's Surge to $263,000
- A prominent crypto analyst, 'Trader Tardigrade', has forecasted that Bitcoin ($BTC ) could reach an unprecedented $263,000 by the end of 2024, contingent on specific market conditions.
Bitcoin's Technical Patterns and Potential Rally
- Trader Tardigrade highlighted Bitcoin's formation of the "Cup with Handle" chart pattern, a bullish indicator suggesting a possible rally. For this surge to $263,000, Bitcoin must break above the $68,000 level, the handle part of the pattern.
- In another analysis, the analyst noted Bitcoin's price has reached the upper resistance of a descending channel pattern, with the potential for an easier breakthrough due to weaker resistance compared to the lower support. A brief consolidation period is expected before the next breakout, with predictions of the bull run continuing until late 2025.
Key Support Level
- Currently trading at $67,129, Bitcoin has seen a slight 3.11% decrease in the last 24 hours. Analyst Ali Martinez identified $66,000 as a crucial support level, suggesting that maintaining above this price could set the stage for new all-time highs.
Conclusion
Bitcoin's potential rally to $263,000 is being closely monitored by market observers. These predictions highlight the dynamic nature of the cryptocurrency market and its potential for substantial gains.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTrends #bitcoinbullrun2024
Analyst Predicts Bitcoin's Surge to $263,000
- A prominent crypto analyst, 'Trader Tardigrade', has forecasted that Bitcoin ($BTC ) could reach an unprecedented $263,000 by the end of 2024, contingent on specific market conditions.
Bitcoin's Technical Patterns and Potential Rally
- Trader Tardigrade highlighted Bitcoin's formation of the "Cup with Handle" chart pattern, a bullish indicator suggesting a possible rally. For this surge to $263,000, Bitcoin must break above the $68,000 level, the handle part of the pattern.
- In another analysis, the analyst noted Bitcoin's price has reached the upper resistance of a descending channel pattern, with the potential for an easier breakthrough due to weaker resistance compared to the lower support. A brief consolidation period is expected before the next breakout, with predictions of the bull run continuing until late 2025.
Key Support Level
- Currently trading at $67,129, Bitcoin has seen a slight 3.11% decrease in the last 24 hours. Analyst Ali Martinez identified $66,000 as a crucial support level, suggesting that maintaining above this price could set the stage for new all-time highs.
Conclusion
Bitcoin's potential rally to $263,000 is being closely monitored by market observers. These predictions highlight the dynamic nature of the cryptocurrency market and its potential for substantial gains.
Source - newsbtc.com
#CryptoTrends2024 #BinanceSquareTrends #bitcoinbullrun2024
🔥🔥🔥 #CryptoAnalyst Predicts Multiple God Candles For $XRP , How High Can It Go?
Analyst Predicts Bullish Surge for XRP with Potential for Multiple God Candles
A crypto analyst remains highly optimistic about XRP, the native token of the XRP Ledger, forecasting a strong bullish rally with the potential appearance of multiple “God candles” if certain resistance levels are breached.
Key Resistance Breakthrough Could Trigger #BullishMomentum
In a June 14 X (formerly Twitter) post, the analyst known as ‘Dark Defender’ provided an analysis of technical indicators suggesting a bullish trend for XRP. According to Dark Defender, XRP has shown a significant bullish reversal on the weekly Fisher Indicator chart, a tool used to identify trend reversals and extreme price movements.
The analyst highlighted that XRP has surpassed an initial resistance level of $0.04623, indicating strong momentum. The current price is testing the interim Fibonacci level at $0.5286, with bullish expectations for XRP to close above this mark around $0.53.
Dark Defender identified the next significant resistance level at $0.6044. A breakout above this level would signal further upward momentum. The analyst pointed out that breaking through this resistance could trigger multiple “God candles,” which are sharp price increases. Another critical support level to watch is $0.6649, deemed the master fundamental level. Surpassing this level could lead to substantial bullish gains for XRP.
Current XRP Price and Market Conditions
Despite legal challenges with the SEC and a market downturn, XRP has shown strong bullish signals. After dropping below $0.50 earlier this year, it recently surged to $0.538, gaining nearly 30% in the past week and 1.41% in the last 24 hours.
XRP has shown resilience amid market volatility and is at a crucial point. With the Ripple vs. SEC legal battle nearing resolution, XRP might surpass $0.60 and set the stage for further gains.
Source - newsbtc.com
#CryptoNewsCommunity #BinanceSquareTalks #CryptoTrends2024
Analyst Predicts Bullish Surge for XRP with Potential for Multiple God Candles
A crypto analyst remains highly optimistic about XRP, the native token of the XRP Ledger, forecasting a strong bullish rally with the potential appearance of multiple “God candles” if certain resistance levels are breached.
Key Resistance Breakthrough Could Trigger #BullishMomentum
In a June 14 X (formerly Twitter) post, the analyst known as ‘Dark Defender’ provided an analysis of technical indicators suggesting a bullish trend for XRP. According to Dark Defender, XRP has shown a significant bullish reversal on the weekly Fisher Indicator chart, a tool used to identify trend reversals and extreme price movements.
The analyst highlighted that XRP has surpassed an initial resistance level of $0.04623, indicating strong momentum. The current price is testing the interim Fibonacci level at $0.5286, with bullish expectations for XRP to close above this mark around $0.53.
Dark Defender identified the next significant resistance level at $0.6044. A breakout above this level would signal further upward momentum. The analyst pointed out that breaking through this resistance could trigger multiple “God candles,” which are sharp price increases. Another critical support level to watch is $0.6649, deemed the master fundamental level. Surpassing this level could lead to substantial bullish gains for XRP.
Current XRP Price and Market Conditions
Despite legal challenges with the SEC and a market downturn, XRP has shown strong bullish signals. After dropping below $0.50 earlier this year, it recently surged to $0.538, gaining nearly 30% in the past week and 1.41% in the last 24 hours.
XRP has shown resilience amid market volatility and is at a crucial point. With the Ripple vs. SEC legal battle nearing resolution, XRP might surpass $0.60 and set the stage for further gains.
Source - newsbtc.com
#CryptoNewsCommunity #BinanceSquareTalks #CryptoTrends2024
💥💥💥 Top #CryptoAnalyst Predicts 50% Rally for Solana-Based #Memecoin🤑🤑 – Here Are His Targets
A trader renowned for his timely calls on altcoins believes that one memecoin is gearing up for a significant upward surge.
Known by the pseudonym Bluntz, the analyst shares with his 261,500 followers on X that while he holds a medium-term bearish view on the meme token dogwifhat ($WIF ), he anticipates the altcoin to experience a notable rebound.
Bluntz employs the Elliott Wave theory, a technical analysis method that seeks to forecast future price movements based on crowd psychology, which often manifests in discernible waves. According to this theory, a bearish asset typically undergoes a five-wave downward movement followed by a three-wave ABC correction upward.
From Bluntz's analysis, it appears that WIF has completed its five-wave downward pattern and is now poised to initiate an ABC corrective bounce.
However, following this bounce, Bluntz anticipates that WIF will decline to approximately $1.
As of the latest update, WIF is currently trading at $2.08.
Source - dailyhodl.com
#CryptoTrends2024 #CryptoNewsCommunity #BinanceSquareTrends
A trader renowned for his timely calls on altcoins believes that one memecoin is gearing up for a significant upward surge.
Known by the pseudonym Bluntz, the analyst shares with his 261,500 followers on X that while he holds a medium-term bearish view on the meme token dogwifhat ($WIF ), he anticipates the altcoin to experience a notable rebound.
Bluntz employs the Elliott Wave theory, a technical analysis method that seeks to forecast future price movements based on crowd psychology, which often manifests in discernible waves. According to this theory, a bearish asset typically undergoes a five-wave downward movement followed by a three-wave ABC correction upward.
From Bluntz's analysis, it appears that WIF has completed its five-wave downward pattern and is now poised to initiate an ABC corrective bounce.
However, following this bounce, Bluntz anticipates that WIF will decline to approximately $1.
As of the latest update, WIF is currently trading at $2.08.
Source - dailyhodl.com
#CryptoTrends2024 #CryptoNewsCommunity #BinanceSquareTrends
Ether hits $2.6K as metrics suggest it’s in 'late stages’ of correction
A recent increase in open interest and a “positive” taker buy-sell ratio have led a #CryptoAnalyst to believe that Ether’s prolonged correction may be nearing its end.
Ether, currently priced at $2,660, has experienced a 13% drop below the $3,000 mark since early August. However, two on-chain metrics suggest that this correction could soon be over.
In an August 19 report, CryptoQuant analyst Burak Kesmeci highlighted the positive movement in the taker buy-sell ratio and rising open interest (OI) as signs that Ether may regain strength.
The taker buy-sell ratio, which measures the ratio of buyers to sellers of Ether across major exchanges, has turned positive. According to CoinGlass data, while the 24-hour period shows a slight edge for short-sellers, the recent 12-hour period indicates a positive shift with 50.37% of positions being long.
At the time of writing, Ether is trading at $2,679, down 23.57% since July 23, as per CoinMarketCap data.
As of August 19, Ether's open interest stands at $10.69 billion, reflecting a 10% increase from the previous day. Kesmeci notes that for Ether to see significant upward movement, leveraged traders will need to re-enter the market. Typically, futures traders become more confident in taking positions when asset prices rise.
In March, when Ether reached its year-to-date high of $4,066, open interest was $13.67 billion. During a subsequent retest of those levels in June at $3,800, open interest climbed above $15 billion, signaling a likely market correction, which indeed occurred.
Despite the launch of the first US-based Ether exchange-traded funds (ETFs) on July 23, Ether’s price has not benefited significantly. The ETFs have seen $434 million in net outflows since their launch, contributing to additional selling pressure. This is reminiscent of Bitcoin’s initial response to its spot ETF launch, where Bitcoin’s price fell by about 15% in the first 28 days before recovering to its launch level of $69,000.
Source - cointelegraph.com
A recent increase in open interest and a “positive” taker buy-sell ratio have led a #CryptoAnalyst to believe that Ether’s prolonged correction may be nearing its end.
Ether, currently priced at $2,660, has experienced a 13% drop below the $3,000 mark since early August. However, two on-chain metrics suggest that this correction could soon be over.
In an August 19 report, CryptoQuant analyst Burak Kesmeci highlighted the positive movement in the taker buy-sell ratio and rising open interest (OI) as signs that Ether may regain strength.
The taker buy-sell ratio, which measures the ratio of buyers to sellers of Ether across major exchanges, has turned positive. According to CoinGlass data, while the 24-hour period shows a slight edge for short-sellers, the recent 12-hour period indicates a positive shift with 50.37% of positions being long.
At the time of writing, Ether is trading at $2,679, down 23.57% since July 23, as per CoinMarketCap data.
As of August 19, Ether's open interest stands at $10.69 billion, reflecting a 10% increase from the previous day. Kesmeci notes that for Ether to see significant upward movement, leveraged traders will need to re-enter the market. Typically, futures traders become more confident in taking positions when asset prices rise.
In March, when Ether reached its year-to-date high of $4,066, open interest was $13.67 billion. During a subsequent retest of those levels in June at $3,800, open interest climbed above $15 billion, signaling a likely market correction, which indeed occurred.
Despite the launch of the first US-based Ether exchange-traded funds (ETFs) on July 23, Ether’s price has not benefited significantly. The ETFs have seen $434 million in net outflows since their launch, contributing to additional selling pressure. This is reminiscent of Bitcoin’s initial response to its spot ETF launch, where Bitcoin’s price fell by about 15% in the first 28 days before recovering to its launch level of $69,000.
Source - cointelegraph.com
