$SUI
{future}(SUIUSDT)
Looking at SUI's movement, feeling pretty bullish despite this small dip. First major resistance we're watching is $2.15 - break that and we could see a quick push to $2.35. If momentum really picks up, $2.50 becomes our next target zone.
Strong support building around $1.85, with backup at $1.75 if things get shaky. But honestly, this pull back feels more like a breather than weakness. Market's just cooling off before next leg up.
Looking at the bigger picture, SUI's got potential to tap $2.80 if market sentiment stays strong. Key is watching how it reacts at $2.15 - clean break there changes everything.
Downside? Keep eye on $1.75 - lose that and we might need to rethink. But right now, setup's looking solid for upward momentum. Just wait for confirmation before making moves.
Quick levels to watch:
$2.15 → $2.35 → $2.50 → $2.80
Supports: $1.85 → $1.75
#SUI🔥
{future}(SUIUSDT)
💰Solana-based platform Pump.fun is on the brink of hitting $200 million in revenue, with its total now surpassing 1 million SOL ($188.5 million). This marks an astonishing rise since its January launch, especially after crossing the $100M milestone just last month in record time.
📈Pump.fun's growth has been fueled by increasing Solana holdings and Solana’s price rise. Even with recent sales of over 264,000 SOL, the platform holds a substantial SOL stash.
🌐As Bitcoin edges toward $73,000, the broader crypto rally has pumped Solana’s value, inching Pump.fun even closer to that $200 Mmark.
-Trump Makes Big Promises About Crypto in US -
Former president and 2024 Republican presidential candidate Donald Trump has delivered many broken promises in his political career.
This year, Trump has taken up crypto in an attempt to lure in crypto voters. On July 7, the Republican Party unveiled a draft of its political program, and crypto was specifically mentioned under its innovation program, next to the development programs for artificial intelligence and space expansion. The document summarized the main crypto objective of a Trump administration:
“Republicans will end Democrats’ unlawful and unAmerican Crypto crackdown and oppose the creation of a Central Bank Digital Currency. We will defend the right to mine Bitcoin, and ensure every American has the right to self-custody of their Digital Assets, and transact free from Government Surveillance and Control.”
The political program was codified following Trump’s comments at the 2024 Bitcoin Conference in Nashville, where he said, “I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’ anti-crypto crusade will be over,” stating firmly that “it will end. It will be done.”
But will Trump really follow through on these bold promises?
Bitcoin “made in the USA”
On June 12, Trump posted on Truth Social that he wanted “all the remaining Bitcoin to be made in the USA,” claiming it would help the US become “energy dominant.” Currently, 90% of the 21-million-capped Bitcoin supply has been mined.
Trump’s aims to bolster the US mining industry and keep Bitcoin production onshore could face significant logistical and regulatory challenges due to the decentralized nature of Bitcoin mining.
Ben Gagnon, CEO of crypto mining firm Bitfarms, told Cointelegraph it’s “absolutely possible and desirable to make America the number one country for Bitcoin mining.”
#BTC☀ #CryptoDecision #CryptoNewss
The $DOGS /USDT pair on the 15-minute chart is currently trading at 0.0005887 USDT, showing slight bearish pressure.
The critical resistance level to monitor is 0.0006197 USDT, where a breakout could trigger a potential bullish reversal. On the support side, the level to watch closely is 0.0005640 USDT, which, if broken, may lead to further declines.
For traders looking to take a position, consider entering around the current price. Suggested take profit (TP) levels are as follows: TP1 at 0.0006000 USDT, TP2 at 0.0006150 USDT, and TP3 at 0.0006300 USDT.
A stop loss (SL) is recommended at 0.0005550 USDT to manage downside risk. This setup aims to capture a potential bounce while guarding against a deeper decline if the support level fails to hold.
#Therapydogcoin #CryptoAMA #29thBNBBurn #16thBTCWhitePaperAnniv
{spot}(DOGSUSDT)
Media outlet CNBC reports that global investors are turning to Bitcoin, the pioneering cryptocurrency, as the US presidential election fever intensifies.
In a Friday publication, CNBC reported increasing traction among investors towards cryptocurrencies, particularly Bitcoin. The media outlet noted that the firstborn of the nascent sector, which has been one of the hot topics in months leading up to the election, has seen millions of dollars poured into it.
#Bitcoin #Crypto #CryptoNews” #CryptoNewss #CryptoNewsUSA
$TON
🔥 CAN I BUY EVERYTHING JUST TO PAY PI TOKENS ? ❓
While Pi Network aims to create a robust ecosystem, it's unlikely you'll be able to buy "everything" with Pi tokens immediately. Widespread adoption and merchant acceptance are crucial.
Current Status:
Pi Network is still in its development phase, focusing on:
1. User growth
2. Network development
3. Partnerships
Future Plans:
Pi Network aims to enable Pi token payments for various goods and services, including:
1. Digital goods
2. Online services
3. Physical products
4. Travel
5. Entertainment
Merchant Adoption:
Pi Network is working to integrate Pi token payments with:
1. Online marketplaces
2. E-commerce platforms
3. Retail stores
4. Restaurants
5. Service providers
Limitations:
Currently, Pi tokens are not widely accepted as payment. You can't buy everything with Pi tokens... yet.
Exceptions:
Some merchants and online platforms have started accepting Pi tokens, mainly within the Pi Network community.
Examples:
1. Pi Network's marketplace (digital goods)
2. Partnered online stores (limited selection)
3. Community-driven initiatives (local businesses)
Growth Potential:
As Pi Network expands and gains traction, the list of participating merchants and available goods/services will grow.
Timeline:
Pi Network's roadmap includes:
1. Q4 2024: Mainnet launch
2. 2025: Expanded merchant adoption
3. 2026: Increased scalability and usability
Stay Informed:
Follow Pi Network's official channels and updates to track progress.
Conclusion:
While Pi Network's vision is ambitious, widespread adoption will take time. You can't buy everything with Pi tokens yet, but the potential for growth is significant.
Keep your expectations realistic, and consider the following:
1. Diversify your investments
2. Stay informed about Pi Network's progress
3. Engage with the community
Pi Network's success depends on various factors, including adoption, scalability, and regulatory clarity.
#CryptoAMA #29thBNBBurn #PiToken $SUI $DOGE
🚁 Bitcoin Market Update 02.11: "Helicopter Mode" in Full Effect Ahead of US Elections! 🚀
The Bitcoin chart is looking like a helicopter 🎢, with the price being tossed in both directions, as anticipated with the upcoming US elections. We’re in for a bumpy ride, so buckle up!
Key Levels to Watch:
Support Level: 🛠️ $68.7K — This is the critical point where buyers have shown strength, leading to recent rebounds.
Resistance Level: 🚧 $71.5K — The upper boundary keeping the price in check.
For now, BTC is likely to range within this $68.7K to $71.5K corridor, maintaining a consolidation pattern as the market holds its breath for election outcomes.
CME Insights
CME closed last Friday near the $70K mark, suggesting we’ll hover around this area over the weekend. However, brace yourselves — increased volatility is on the horizon next week! 📈
🚨 Caution is Key: The market could turn in either direction as we approach the election. Keep your strategies flexible, stay alert, and trade wisely!
$BTC
{spot}(BTCUSDT)
#cryptouniverseofficial #NovCryptoOutlook #GrayscaleXRPTrust #16thBTCWhitePaperAnniv
The $AGLD /USDT pair on the 15-minute chart is showing moderate volatility with a current price of 1.117 USDT. The resistance level to monitor is set at 1.152 USDT.
A breakout above this resistance could lead to further bullish movement. On the downside, the support level to watch is around 1.100 USDT, serving as a cushion against any significant pullbacks.
For a potential trade, consider entering close to the current price with the following take profit (TP) targets: TP1 at 1.130 USDT, TP2 at 1.145 USDT, and TP3 at 1.160 USDT. To manage risk, a stop loss (SL) can be placed at 1.095 USDT.
This setup provides an opportunity to capitalize on a potential breakout while minimizing risk in case of a downward movement.
#Therapydogcoin #CryptoAMA #29thBNBBurn #16thBTCWhitePaperAnniv
{spot}(AGLDUSDT)
EIGEN Signals Potential Reversal Amid Oversold Conditions: Key Levels and Trade Setups to Watch
EigenLayer’s recent technical analysis on the 1-hour chart indicates a cautious market sentiment, characterized by a gradual downtrend in closing prices. The last five sessions showed values of $2.476, $2.452, $2.448, $2.411, and $2.425, highlighting a struggle to maintain stability amid bearish pressures. Key indicators such as the 9 EMA, 20 EMA, MACD, and RSI suggest a careful approach for traders considering long or short positions.
The EMA analysis reveals a bearish trend, with the 9-period EMA below the 20-period EMA, currently at $2.465 and $2.525, respectively. This alignment suggests ongoing bearish momentum, and a bullish reversal would require the 9 EMA to cross above the 20 EMA. The MACD further supports this bearish outlook, as it remains below the signal line, with the histogram in negative territory, indicating persistent selling pressure.
Despite the bearish indicators, the RSI readings, which are firmly in oversold territory, suggest potential reversal opportunities. With RSI levels below 30, there is a strong possibility for a price correction if the RSI begins to rise. Traders should monitor key support at $2.411 and resistance levels at $2.778, $2.833, and $2.841 for potential entry and exit points. Overall, while the market shows signs of oversold conditions, caution is advised due to prevailing bearish momentum. $EIGEN #EIGEN #EigenLayer
{spot}(EIGENUSDT)
USB, Switzerland’s largest bank, has launched a maiden tokenized investment fund on the Ethereum network, its first tokenized product on the network.
The banking giant, which manages assets worth $5.7 trillion, achieved a notable milestone after launching the asset. Named the USB USD Money Market Investment Fund Token (uMINT), the investment tool bridges the gap between traditional finance and digital technology.
uMINT holders would have exclusive access to USB’s institutional-level cash management solutions. The Ethereum-based digital token allows users to invest in the Switzerland-based bank’s money market instruments, which are characterized by a conservative, risk-averse framework.
#Crypto #CryptoNewsCommunity #CryptoNews🚀🔥V #CryptoNews🚀🔥V
Ethereum (ETH) Flirts with Key Support at $2,500: Will Bulls Defend Against Bearish Pressure?
#Ethereum (ETH) is currently experiencing a delicate balance between bearish momentum and potential recovery, as observed on the 1-hour chart. The price is hovering around the key psychological level of $2,500, with immediate resistance at $2,501.97 and support levels at $2,491.32. A breakout above $2,501.97 could indicate bullish continuation, while failure to maintain this level may lead to testing lower support zones.
Technical indicators present mixed signals. The 9-period EMA has crossed below the 20-period EMA, suggesting short-term bearish pressure, but the proximity of these averages indicates a possible consolidation phase. The MACD shows signs of gradual bullish divergence, hinting at diminishing selling pressure, while the RSI remains in the lower neutral range, suggesting mild oversold conditions.
Traders are advised to consider potential long positions near the $2,491.32 support level or wait for confirmation above $2,501.97. Conversely, short positions could be initiated near the resistance at $2,501.97, with a stop-loss above $2,514.49. Overall, ETH is at a critical juncture, and traders should monitor key levels and indicators for signs of a potential reversal or continued bearish movement. $ETH #ETH
{spot}(ETHUSDT)
**Crypto News Flash: Trump’s Bold Crypto Promises for 2024**
Donald Trump, the former president and 2024 Republican presidential candidate, has made significant promises to the crypto community. Here’s a quick rundown:
- **End Crypto Crackdown**: Trump vows to halt the Democrats' "unAmerican Crypto crackdown" and oppose the creation of a Central Bank Digital Currency (CBDC).
- **Boost Bitcoin Mining**: He aims to make the US a leader in Bitcoin mining, despite challenges due to Bitcoin’s decentralized nature.
- **Strategic Bitcoin Reserve**: Plans to create a strategic Bitcoin stockpile, supported by Senator Cynthia Lummis’ bill.
- **Fire Gary Gensler**: Promises to replace the SEC Chair to foster a more crypto-friendly regulatory environment.
- **Stop CBDC Development**: Firmly against the development of a US CBDC, citing privacy concerns.
- **Free Ross Ulbricht**: Pledges to commute the sentence of the Silk Road founder.
- **Crypto Advisory Council**: Intends to form a council to establish clear crypto regulations.
- **Self-Custody Rights**: Advocates for the right to self-custody crypto assets, aligning with Senator Ted Budd’s proposed legislation.
Trump’s ambitious crypto agenda faces numerous hurdles, but it has sparked significant discussion within the industry.
🚀 Crypto enthusiasts, exciting times ahead! As the year wraps up, investors are eyeing Ethereum (ETH) and Shiba Inu (SHIB) for a potential price revival. Ethereum's price could hit $2,629 by 2025, while Shiba Inu has gained 5.9% this month. But the real buzz is around IntelMarkets (INTL), an AI-backed trading platform that's raised $1.6M during its presale. Could IntelMarkets be the next big thing? Share your thoughts in the comments! 💬
🔗 Dive deeper into the latest trends and join the conversation! #CryptoNews #Ethereum #ShibaInu #IntelMarkets
Solana Faces Key Resistance as Bearish Signals Dominate: Is a Downtrend Imminent?
The technical analysis of $SOL on the 1-hour chart indicates that #Solana (SOL) is currently trading within a narrow range, with prices fluctuating between $164.98 and $166.42. The asset is testing significant resistance and support levels, with key support identified at $165.57, $165.46, and $165.4, while resistance levels are at $167.48, $167.64, and $167.81.
The analysis of the Exponential Moving Averages (EMAs) shows a bearish trend, as the 9 EMA is below the 20 EMA. A bullish reversal would require the 9 EMA to cross above the 20 EMA, ideally with a price close above $167.48. The MACD analysis also reflects a bearish sentiment, with the MACD line at -0.47, indicating that traders may prefer short positions until a bullish crossover occurs.
The Relative Strength Index (RSI) is currently around 45, suggesting that selling pressure is dominating. A breakout above 50 could signal a potential upward price movement. For traders, long positions may be considered if SOL breaks above $167.48, while short positions could be initiated near the 9 EMA at $166.79, anticipating a continuation of the downward trend. Overall, SOL's next movements will depend on its reaction to these critical levels.
{spot}(SOLUSDT)
Many new entrants into the cryptocurrency world often dive in without a comprehensive grasp of how the market truly operates. They might stumble upon short-term profits by chance, but when faced with losses, they’re often left bewildered. The harsh reality is that for many, the outcome is substantial financial setbacks. In crypto, the rapid gains achievable within weeks or even days could take a lifetime to realize through traditional means.
But here’s the question—what truly entitles us to profit from this volatile market? Is it mere luck? Gains driven by chance tend to evaporate just as quickly, typically due to a lack of substantial knowledge and strategic foresight. Sustainable success in the crypto space requires real expertise and an insightful grasp of market mechanics. Only those who develop genuine strength and cultivate a profound understanding can consistently navigate and thrive in the ever-shifting crypto landscape.
#NovCryptoOutlook #16thBTCWhitePaperAnniv #CryptoAMA #USPCEExceeds
DOGS/USDT has been struggling lately, but there might be a chance for a bounce. Let’s break down what the chart is showing and what trade options make sense.
Current Price & Market Mood
DOGS is trading at $0.0005936, hovering within a 24-hour high of $0.0006197 and a low of $0.0005640. The market seems indecisive, with both buyers and sellers waiting to see who takes control.
Key Indicators
Bollinger Bands: DOGS is near the lower band, which could mean it’s oversold. This often signals a potential bounce.
RSI: Sitting at 34.54, close to oversold territory. If it drops below 30, DOGS might start looking like a strong buy.
Key Levels to Watch
Support: Around $0.0005424. If the price falls here, it’s a crucial spot for buyers to step in.
Resistance: Around $0.0006805. Breaking above this could give DOGS the momentum for a rally.
Possible Trades
Long Position: If DOGS bounces from its current level or near the support at $0.0005424, a long position could be profitable with a target around $0.0006805.
Short Position: If DOGS breaks below $0.0005424, a short position could work, targeting further downside.
Price Prediction
Short-Term (1-2 Days): Likely range between $0.0005400 and $0.0006800.
Medium-Term (Next Week): If it builds up buying strength above $0.0006800, it could aim for $0.0008000. Otherwise, we might see it revisit $0.0005000.
⚠️ follow and like to be updated.
*Why is Trading Psychology Important?*
Trading psychology is important because it helps to recognize that emotional biases can influence a trader's decision-making process. Also it helps traders develop and maintain the necessary discipline to avoid impulsive actions driven by emotions. Moreover, trading psychology enables traders to manage risk by controlling emotions, setting appropriate stop-loss levels, and maintaining proper position sizes.
Indeed, trading psychology assists traders in dealing with losses and drawdowns by minimizing the emotional impact and preventing impulsive actions driven by the fear of further losses. Trading psychology fosters a mindset focused on consistency.
8
How Can Traders Mitigate their Biases?
To mitigate biases, traders should be self aware, establish trading rules and stick to them, implement risk management techniques, and seek accountability and support from their peers and mentors.
7
6
What are the Techniques that Traders Use to Overcome their Biases?
Traders can overcome their biases through education and awareness, objective research and analysis and through seeking contrarian perspectives.
$BTC
{future}(BTCUSDT)
#16thBTCWhitePaperAnniv