Elon Musk Backs Crypto-Friendly Treasury Nominee
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Elon Musk, a prominent supporter of Donald Trump, is vocal about his backing for candidates aligned with cryptocurrency interests as he navigates the political landscape. With the upcoming elections, Musk emphasizes the importance of having crypto-friendly figures in key government roles, which he believes will provide assurance to the cryptocurrency market over the next four years.
Who Does Musk Support for Treasury Secretary?Musk has publicly endorsed Howard Lutnick, the CEO of Cantor Fitzgerald, for the position of Treasury Secretary, challenging rival candidate Scott Bessent, who is viewed with skepticism towards cryptocurrencies. Musk’s endorsement comes as Trump prepares to finalize his cabinet prior to taking office on January 20, 2025.
In a recent social media post, Musk articulated his stance:
“Bessent is always a choice, while @howardlutnick will truly bring change. Business as usual is driving America into bankruptcy, so we need change.”
What Are the Implications for Cryptocurrency?If Trump selects a different candidate, it could signify a potential shift away from pro-cryptocurrency policies, negatively impacting the market. The announcement of the SEC Chair nominee will also be a significant indicator of future market behavior.
Key takeaways regarding Musk’s support include:
Musk endorses Lutnick for a crypto-friendly Treasury position.
The choice of Treasury Secretary could influence market stability.
Republicans are expected to push for favorable regulations with their current majority.Future announcements from Trump’s team will be crucial for investor sentiment.
The political dynamics surrounding cryptocurrency continue to evolve, with Musk’s influence potentially shaping significant regulatory developments in the near future.
#ElonMusk #cryptomarket #Altcoins #CryptoNews
Dogecoin Price Will Reach $1 As Bullish Pennant Forms
Trader Tardigrade said on X that Dogecoin would reach $0.9 once another bull pennant develops. The expert said the last pennant brought Dogecoin from $0.2 to $0.3, while this one wants to take it to $0.9. This bullish pennant suggests DOGE may rise after consolidating.
Also, Trader Tardigrade said that Dogecoin has broken out of a bull pennant on the monthly chart. Dogecoin may peak around $15 in 2025 after the breakthrough, according to the researcher. He recently suggested a DOGE price surge to $30 if it mimics the 2021 bull run.
However, crypto researcher Kevin Capital predicts that Dogecoin may stabilize and correct for two more weeks. He said Dogecoin should aim for the golden pocket retrace level of $0.26–$0.30. A bull market's optimal magnitude correction is 30% to 40% from the local peak, he said.
Like Trader Tardigrade, Kevin is bullish long-term. The expert expected a $1–$2 Dogecoin price by year-end. Based on Fibonacci levels, crypto expert Dj Anas said Dogecoin may hit $1 by year-end.
DOGE To $10 Increasing Chance
This market cycle is more likely to see Dogecoin rise to $10, according to crypto expert Javon Marks. He said technical analysis, historical patterns, and current support a positive Dogecoin view. The expert thinks Dogecoin may already be rallying to $10, marking another 2,400% rise.
A federal agency is named after the most popular meme currency, according to Javon Marks. Dogecoin backer Elon Musk will co-lead the Department of Government Efficiency (D.OG.E) under US President-elect Donald Trump.
Dogecoin is now selling at $0.38, up over 3% in 24 hours, according to CoinMarketCap.
#MemecoinWars #NextMarketMoves #DOGE $DOGE
{spot}(DOGEUSDT)
$OM /USDT is currently trading at 3.3860 on the 15-minute chart, showing a sharp rise after hitting a low of 2.1851 within the past 24 hours. The immediate resistance to watch is at 3.4753, while support lies around 3.1285.
A potential entry point for this trade would be near 3.3900, aligning closely with the current market price. For profit-taking, targets are set as TP1: 3.4500, TP2: 3.5200, and TP3: 3.6000, capturing incremental upward movement. To manage risk, a stop-loss is advised at 3.1000.
With RSI showing bullish momentum at 65.5, a breakout above 3.4753 could push prices higher. However, a drop below 3.1285 might indicate a short-term correction. Stay alert for volume confirmation to validate the next move!
#USDebt36Trillion #SOLWatch
{spot}(OMUSDT)
$QNT /USDT is currently trading at 83.0 on the 15-minute chart, recovering steadily after touching a low of 81.5. The immediate resistance level is at 84.8, while support lies at 81.5.
A suitable entry for this trade is near the current price of 83.0. Profit targets can be set at TP1: 83.8, TP2: 84.5, and TP3: 85.2, allowing for gradual profit realization.
To minimize risks, a stop-loss is recommended at 81.0. With RSI at 44.3, the momentum appears neutral, indicating that the next move will depend on whether resistance at 84.8 is breached. If the price falls below 81.5, it could signal further downside potential. Monitor volume closely for confirmation of the next trend.
#DEXXBreach #BONKBURNmas
{spot}(QNTUSDT)
🚀 XRP enthusiasts, hold onto your hats! XRP recently rocketed past the $1 mark, hitting a three-year high of $1.26, fueled by hopes of a regulatory win and Ripple's SEC saga nearing its finale. But like a rollercoaster, it dipped as whales cashed in, transferring millions to exchanges. Retail traders joined the sell-off, but fear not! Whales and sharks are gobbling up XRP, hinting at bullish vibes. Despite overbought signals, traders like Chris McCrypto are eyeing $15-$20 targets. Buckle up, XRP's ride isn't over yet!
🚀 XRP hit a three-year high of $1.26 on Nov. 16, sparking excitement about a favorable regulatory environment and Ripple's legal battle with the SEC. But hold your horses! The price has since pulled back, leaving traders wondering if $1.26 was the peak for now.
- Whales cashed in, moving millions of XRP to exchanges, aligning with a 13% price dip.
- Retail traders joined the selling spree, but whales and sharks swooped in, buying up 453.3M tokens. 🦈
Despite the rollercoaster, some traders see potential for XRP to soar even higher. What do you think? Share your thoughts in the comments!
**XRP's Rollercoaster Ride: What's Next?**
XRP recently surged past the $1 mark, reaching a three-year high of $1.26 on Nov. 16, fueled by optimism over regulatory clarity and Ripple's legal battle with the SEC. However, the price has since pulled back, sparking debate on whether $1.26 was the peak for now.
- Whale Alert data shows significant XRP inflows to exchanges, suggesting profit-taking by large holders.
- Retail traders have also been selling, while whales and sharks are accumulating, hinting at future bullish potential.
- Over $12.6 million in XRP derivatives were liquidated on Nov. 17, mostly long positions.
- Despite overbought signals, some traders see potential for further gains, with predictions of $15-$20 in the future.
$WIF /USDT BREAKOUT ALERT – BIG MOVE INCOMING
$WIF is currently trading at 3.849, showing a steady 1.58% increase and building bullish momentum. After rebounding sharply from a low of 3.373, the price is approaching its 24-hour high of 3.945, indicating a strong reversal from earlier consolidation. With trading volumes reaching 80.56M WIF, the breakout signals heightened market activity and growing buyer interest.
If $WIF breaks above the resistance at 3.945, it could push toward higher targets of 4.25 and 4.50, offering traders an exciting opportunity to ride the upward trend. The support at 3.780 serves as a key level for strategic entries or reentries. With WIF showing solid momentum, traders should monitor these levels closely to capitalize on this potential breakout. Stay alert and trade wisely!
#BONKBURNmas #XRPPriceAction
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$GLMR
{spot}(GLMRUSDT)
/USDT Technical Analysis: Targeting Key Levels
Moonbeam (GLMR) is gaining momentum, with its price currently at $0.2522 (+13.04%). The recent surge hints at strong market activity. Here’s a breakdown of three potential targets:
🎯 Target 1: $0.2600
The first resistance level aligns with the recent 24h high. Breaking this could confirm continued bullish sentiment.
🎯 Target 2: $0.2800
If momentum sustains, the next key resistance sits at $0.2800, representing a psychological barrier for traders.
🎯 Target 3: $0.3000
A breakthrough to $0.3000 would mark a significant recovery zone, reflecting long-term bullish potential.
Support Levels: Look for support near $0.2400 and $0.2200, which could stabilize retracements.
GLMR is making its mark among Layer-1 projects—watch these targets closely to seize opportunities. Trade wisely!
Will $SOL dethrone $ETH ?
Here is why it could happen SOON 👇
#SOLANA is looking incredibly strong right now. We’re seeing a powerful W bullish candle with solid volume, breaking through the key resistance level at $220.
From there the upside potential is MASSIVE.
If we get to the price discovery zone above $260, we could be in for an exciting ride 🚀The Fibonacci targets on the chart provide some key reference levels.
Personally, I think $500 could still be a conservative target long-term and there’s a real chance that could eventually flip $ETH.
What makes it so appealing?
Its speed, the daily deployment of #memecoins and its increasing adoption among new new #DePIN or #RWA projects are and will be huge factors in the nearest future.
More and more new projects are choosing SOL over ETH and the attention is shifting in its favor. The only area that still needs improvement IMO is DeFi, but I’m confident we’ll get there.
Let me know what you think below 👇
#ethereum
$BNB
#USUALonLaunchpool&Pre-Market
🚀 BNB +2.65% - Binance Gearing Up for Another Major Launch! 🚀
Binance Coin ($BNB ) has been on the move, up by 2.65%! This surge comes as Binance prepares for another big launch that could shake up the crypto market.
With Binance’s continuous innovation and the platform's growing influence in the crypto ecosystem, BNB’s utility and value continue to rise. From token burns to new partnerships, there’s no shortage of exciting developments for Binance users.
🔑 What’s Coming?
New Listings: Binance often announces exciting new token listings, driving the value of BNB even higher.Launchpad Projects: Binance Launchpad is expected to bring new projects, giving BNB more use cases.Ongoing Burns: Binance continues to burn BNB, reducing the supply, which can lead to an increase in its value.
With more exciting projects on the horizon, it’s clear that Binance is building something big. Will this be the catalyst for BNB to hit new highs? The market is watching closely!
💬 What do you think? Will Binance’s upcoming moves push BNB to even greater levels? Drop your thoughts in the comments!
Toncoin breaks out: Can TON reach its ambitious $8.30 target?
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Toncoin has broken out of a bullish pennant, with $6.03 resistance now in focus.
Market sentiment has realigned favorably, supported by MACD signals and strong on-chain metrics.Toncoin [TON] has finally broken free from its prolonged consolidation, signaling the beginning of a new bullish chapter.
Trading at $5.52 with a 3.22% increase at press time, TON appeared poised for a significant upward rally.
The critical question is, can TON sustain its momentum, break past $6.03, and reach the ambitious target of $8.30?
Breaking out of the bullish pennantTON’s recent breakout from its bullish pennant pattern is a pivotal move, solidifying its bullish outlook.
This breakout was validated by a successful retest of the pattern’s lower boundary, which provided the springboard for the current rally.
The $6.03 resistance remained the immediate hurdle, as this level has previously capped TON’s upward movements.
If TON manages to decisively break above $6.03, it could open the doors to higher targets, including $8.30, which aligns with historical price action and key Fibonacci levels.
Conversely, failure to clear $6.03 might lead to a pullback toward the $5.00-$4.50 support zone. Therefore, traders are closely monitoring TON’s next move.
TON’s rowing momentumTechnical indicators painted a bullish picture. The Fibonacci retracement levels showed Toncoin reclaiming the 0.786 level at $5.79, with the 1.618 extension at $7.12 acting as the next key target.
The 2.618 Fibonacci level at $8.72 aligned with bullish projections, further supporting the $8.30 target.
Additionally, the MACD indicator confirmed increasing momentum. Specifically, the MACD line was at 0.079, while the signal line stood at 0.070, creating a bullish crossover.
#TONCOIN #TON #Altcoinseason2024 #CryptoNews
#NextMarketMoves 🚨 The Crypto Market is Shifting! 🚨
The crypto landscape is evolving faster than ever before, and things are changing rapidly! 🔥 Here are some key points to watch:
Bitcoin’s dominance - Bitcoin continues to lead the market, but altcoins are catching up, making this an exciting time for diversification! 🤑
Ethereum's upgrades - Ethereum 2.0 is slowly rolling out, which could change the game for decentralized applications (dApps) and DeFi. 🚀
XRP's case - Ripple’s legal battles are making waves, and a positive outcome could skyrocket XRP's value. 💥
Meme Coins - Coins like Shiba Inu and Pepe are making moves with new burns and increasing adoption. But be cautious—these can be volatile! ⚠️
Institutional interest - Big players like governments and large funds are investing in blockchain technologies, which might push adoption to the next level! 🌍
Regulation - As regulations start to take shape globally, this could either be a positive or negative catalyst for the market. 📜
My Strategy:
🔍 Stay informed
💡 Diversify your investments
⏳ Hold long-term for promising projects
💸 Keep an eye on market movements
What’s your strategy? Are you adjusting to the changes? Let’s discuss below! 👇👇
$PEPE /USDT is currently trading at 0.00002173 on the 15-minute chart, showing steady upward momentum after rebounding from a recent low of 0.00001943. Key levels to monitor include resistance at 0.00002203 and support at 0.00002121.
A recommended entry point for this trade is around 0.00002175, just above the current level. For profit-taking, target points are set as follows: TP1 at 0.00002190, TP2 at 0.00002210, and TP3 at 0.00002230, maintaining close intervals for tight profit management.
To minimize risk, a stop-loss is advised at 0.00002100. With RSI signaling healthy bullish strength, a breakout above 0.00002203 could attract further buying interest. However, a drop below 0.00002121 might signal a short-term pullback. Trade cautiously and keep an eye on volume spikes to confirm momentum!
{spot}(PEPEUSDT)