Recent technical analysis indicates that CATI is in a consolidation phase, with key resistance at $0.62, near the 200-day Simple Moving Average (SMA). Additionally, a falling wedge pattern suggests potential bullish momentum if the price breaks above resistance levels, and it can pull-up in no times,
Please note that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider multiple sources before making any investment decisions.
Trust Wallet Token (TWT) is trading at approximately $1.17 USDT. The nearest support zone is around $1.00, followed by a deeper support at $0.80. Immediate resistance is at $1.20, with a subsequent resistance level at $1.40
The price has recently fallen below the 200-day moving average, indicating a potential bearish trend whereas The MACD line has crossed below the signal line, suggesting bearish momentum. The RSI is currently neutral, indicating neither overbought nor oversold conditions.
Recent Price Patterns:
A bullish breakout from a falling wedge pattern was observed, suggesting a potential trend reversal with upside potential towards the $1.20 to $1.30 resistance zone. As market sentiments are Neutral to slightly bullish (keep an eye on news and $BTC movement) with greed at 76 can yet make a sustainable uptrend in longrun,
Conclusion:
TWT is currently trading between key support and resistance levels. A break below the $1.00 support could lead to further declines, while a move above the $1.20 resistance might signal a bullish reversal. Traders should monitor these levels closely and consider technical indicators alongside market news when making trading decisions.
Cryptocurrency markets are highly volatile; conduct thorough research before making any investment decisions.
$IOTA As of January 12, 2025, IOTA (IOTA) is trading at approximately $0.3353, reflecting a 0.33% increase over the past 24 hours.
Over the past week, IOTA has declined by approximately 6.5%, aligning with the broader cryptocurrency market trend.
Technical analysis indicates a neutral to slightly breakout trend
Moving Averages: The majority of moving averages suggest a 'edgy' signal, indicating potential breakout momentum.
Oscillators: Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) in HTF are showing slightly bullish signals, suggesting a momentum is building, in case investors interest keep on increasing it may build a uptrend momentum.
Key support 0.3000 and 0.2958 Key resistance 0.3500 & 0.3671
Given these indicators, the current outlook for IOTA/USDT appears neutral to slightly bullish.
However, cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider multiple factors before making any investment decisions.
🚨 Attention Traders & Investors: Important Market Update 🚨
For those eagerly waiting for a bull run, it’s crucial to note that the real bull run may have already occurred last November (check the monthly candles for reference). What we’re seeing now is likely noise from paid influencers across various platforms trying to attract liquidity into the market. ⚠️ Key Warnings:
1️⃣ Weak Projects Are Draining Liquidity: In the hope of another bull run, many weak and unsustainable projects are capitalizing on investors’ FOMO. Be cautious and avoid falling for
In the past 24 hours, the cryptocurrency market has experienced significant volatility, resulting in substantial liquidations across various exchanges. Approximately 186,000 traders were liquidated, with total liquidations amounting to $524.8 million. (The Block) Bitcoin (BTC) and Ethereum (ETH) were among the most affected cryptocurrencies. Bitcoin's price declined to around $92,500, contributing to liquidations exceeding $464 million. +CryptoSlate+ Ethereum also faced significant liquidati
#OnChainLendingSurge This innovative sea change in DeFi lending is being facilitated through onchain credit scores and innovative blockchain tools that assess a lender’s creditworthiness. DeFi provides loan alternatives to those offered by banks, credit unions, and other traditional finance (TradFi) lenders.
$ACT this meme coin is getting more attention for its volatile movements, currently retesting support and giving a good opportunity of entry. I will make entry as follows,
$ACT MACD and RSI showing bullish divergence, it may pump from here if buyers interest increases. Watchout for potential rebound from strong support of 0.360-0.365 and may broke the resistance of 0.415 in no time.
P.S. Whales are silently accumulating coin CMP (see on-chain data)