Hey there, fellow investors and crypto enthusiasts! Are you ready to embark on an adrenaline-pumping ride through the exhilarating world of cryptocurrencies? Buckle up because we're about to dive into the most thrilling part of this rollercoaster – the dips! 🎢🚀

Picture this: the market is soaring high, and you feel the rush of excitement coursing through your veins. But wait, suddenly, the tables turn, and everything takes a fiery red hue! Don't panic! Seasoned investors know that this is when the real magic happens – it's the perfect chance to jump into action!

Are you eager to be part of the action when prices hit rock bottom and witness them skyrocket like never before? We've got you covered with a list of sizzling-hot coins to watch out for when the market takes a dip! 🔥📈

$BNB - The true warrior of the last bear market! This token emerged stronger than ever, losing only a fraction of its value. With a plethora of utilities at its disposal, it's a must-have for your portfolio!

$SOL - Get ready to soar with Solana, the rising star that's been dazzling the crypto scene. A powerhouse of innovation and speed, it's a ride you don't want to miss!

$ADA - Cardano, the king of cutting-edge technology, is ready to steal your heart. When the market hits a snag, ADA takes the stage, offering you a chance to be part of something extraordinary!

#ETH - Despite the occasional gas fee turbulence, Ethereum is a force to be reckoned with! With an army of dedicated developers, it's a journey you wouldn't want to sit out!

#FTM - Fantom, the hidden gem, is waiting to shine brightly during market downturns. Fasten your seatbelts for an electrifying experience!

#Near - Near Protocol is gearing up for a rocket launch. When the market falters, Near steps up, presenting you with a ticket to the stars!

Tron - Ready to enter the fast lane of crypto? Tron is here to rev up your portfolio and take you on an electrifying adventure!

#matic - Polygon, the scalability solution, is set to redefine the crypto landscape. When the market cools off, matic heats up – get onboard!

Link - Chainlink, the mighty oracle, is your key to unlocking hidden treasures in the market. Get ready for a thrilling quest!

1inch - Seeking the perfect entry point? Look no further than 1inch, the decentralized exchange aggregator that packs a punch!

But remember, fellow thrill-seekers, always DYOR (Do Your Own Research) before you jump into the action. With a well-thought-out accumulation plan, you'll be riding the waves of success in no time! 🌊🏄‍♂️

So, are you ready to take on the market like a fearless explorer? Dive headfirst into the dips, and let's conquer the crypto universe together! Follow up with us as we continue to explore the ever-changing world of cryptocurrencies – exciting adventures await! 🚀🌌

#REXBOX

#BTC , which had been performing well and showing strong momentum since the morning (crossing the 31k mark), has now dropped below 30k. While some people may attribute this to market manipulation by certain influential traders known as whales, the actual reason seems to be different.

As many are aware, BlackRock had submitted an application for a BTC spot ETF (Exchange-Traded Fund). However, the Securities and Exchange Commission (SEC) has deemed the application inadequate and non-comprehensive, thus creating another obstacle in the path of Bitcoin's rally and momentum.

Now, you asked what the SEC exactly wants to do. Based on the information provided, it appears that the #SEC is seeking more comprehensive and robust information regarding the BTC spot ETF application from BlackRock. By calling the application inadequate, the SEC may be signaling that they require additional details, documentation, or clarification before considering approval.

The SEC's role is to regulate and oversee the securities industry in the United States, including ETFs. Their objective is to protect investors and maintain fair and orderly markets. In this case, it seems they want to ensure that any BTC spot ETF meets their standards and adequately addresses potential risks associated with the asset.

It's important to note that my knowledge is based on information available until September 2021, and any recent developments or updates regarding the SEC's stance on BTC spot ETFs may not be reflected in my response.

by #REXBOX

$BTC

In the fast-paced world of cryptocurrency trading and portfolio management, sleep deprivation has become a common phenomenon due to round-the-clock market activity and constant monitoring of digital assets. However, the impact of sleep deprivation on cognitive abilities, especially concentration, can be profound and detrimental. This article delves into the repercussions of sleep deprivation on individuals involved in the digital currency space and highlights the critical need for healthy sleep habits to ensure sound decision-making and successful outcomes.

1. The Role of Sleep in Concentration:

Sleep is a fundamental biological process that plays a crucial role in various cognitive functions, including memory consolidation, problem-solving, and concentration. During deep sleep stages, the brain undergoes essential processes to rejuvenate and restore cognitive abilities, contributing to improved concentration and mental clarity during wakefulness.

2. The Impact of Sleep Deprivation on Concentration:

When individuals consistently experience insufficient sleep or engage in irregular sleep patterns, their ability to concentrate significantly diminishes. Studies have shown that sleep deprivation negatively affects attention, reaction times, decision-making, and overall cognitive performance. For crypto traders and portfolio managers, compromised concentration can lead to serious consequences, such as making hasty and ill-informed financial decisions.

3. Cognitive Impairment and Financial Risks:

In the volatile world of digital currencies, quick and well-informed decisions are critical to capitalize on market opportunities and mitigate potential losses. Sleep-deprived traders and managers may exhibit impaired judgment, increased risk-taking behavior, and a reduced ability to spot trends and signals accurately. This situation can result in substantial financial losses and jeopardize the long-term success of their investments.

4. The Psychological Impact:

Apart from the financial risks, chronic sleep deprivation can also lead to mood disturbances, increased stress levels, and emotional instability. The constant pressure to stay awake and perform optimally in a demanding market can lead to heightened anxiety and diminished emotional resilience.

5. Strategies for Better Sleep Hygiene:

Recognizing the critical importance of sleep for optimal performance, it is imperative for crypto traders and portfolio managers to adopt healthier sleep practices. Implementing the following strategies can significantly improve sleep hygiene:

a) Establishing a Consistent Sleep Schedule: Maintaining a regular sleep routine helps regulate the body's internal clock and enhances sleep quality.

b) Creating a Relaxing Bedtime Routine: Engaging in calming activities before bed, such as reading, meditation, or taking a warm bath, can signal the body to prepare for sleep.

c) Limiting Screen Time: Exposure to screens, especially before bedtime, can disrupt the body's production of melatonin, the hormone responsible for sleep regulation.

d) Creating a Sleep-Conducive Environment: A cool, dark, and quiet bedroom can promote uninterrupted sleep and enhance restorative sleep cycles.

e) Avoiding Stimulants: Reducing or avoiding caffeine and nicotine intake, particularly close to bedtime, can aid in falling asleep more easily.

Conclusion:

In the world of digital currencies, where market movements happen rapidly and continuously, the importance of maintaining adequate sleep cannot be overstated. Sleep deprivation can lead to weakened concentration, impaired decision-making, and severe financial risks for crypto traders and portfolio managers. Prioritizing sleep hygiene, adopting healthier sleep practices, and acknowledging the value of restorative sleep are essential steps to ensure better cognitive function, emotional well-being, and ultimately, success in the fast-paced world of digital assets. By striking a balance between professional commitments and personal well-being, traders and managers can optimize their potential and achieve sustainable success in the exciting realm of digital currency trading and investment.

#REXBOX

Source- Tradingview

Cardano Price Daily Chart:

A breakout above the $0.3 barrier could trigger a bullish recovery in the ADA price

The recently reclaimed 20-day EMA may act as key support to maintain the bullish sentiment

The intraday trading volume in the ADA coin is $189.6 Million, indicating a 6.5% loss

While the ADA price struggles to surpass the $0.3 horizontal barrier, the lower side projects the formation of new higher lows indicating active accumulation at discounted coin price. The rebound suggests a resurgence in buying pressure, signaling renewed interest and potential strength in the Cardano coin’s market sentiment.

Currently, this altcoin trades at $0.29 and consolidation around the overhead resistance suggests a brief pause in the bullish surge, requiring further confirmation before establishing a sustained upward trend.

Should the bullish sentiment replenish the market, it could provide the necessary impetus for ADA price to break through the $0.3 ceiling. A successful breakout would accelerate the bullish momentum and propel the coin toward the next notable supply zone at $0.354.

Will ADA Price Reclaim $0.3 Barrier?

The formation of a higher low in Cardano coin indicates the underlying bullish momentum is rising which may eventually lead to an $0.3 resistance breakout. This zone is an important threshold, and surpassing it could ignite further buying pressure and hope for potential recovery. This breakout may drive ADA price by 19% and hit the $0.354 mark.

Bollinger Bands: A notable ascent in the upper band of the Bollinger Bands suggests a strengthening bullish momentum, implying a potential uptrend in the near term.

Relative Strength Index: With the anticipated breakout, the daily RSI slope may also reclaim the midline(50%) mark offering an additional confirmation for a bullish rally.

#ADA/USDT #REXBOX

$ADA

(BTC) made an almost picture-perfect Fibonacci-based impulse pattern, from last week’s low where grey waves I, iv, and v topped and bottomed almost precisely where they ideally should (green boxes). See Figure 1 below.

Grey wave-v of green W-1/a should now be underway as it has reached the 176.40-200.0% extension and note grey W-i comprised five (orange) waves as well. This is the first time we have seen it this good and evident in a while.

So, green W-1/a is most likely topping, and green W-2/b to ideally $25600-26200 should soon be underway, and then the next rally should target at least $28000 but preferably $29500+ for green W-3/c. Thus, a low-risk/high-reward setup (green W-2/b) is in play, because BTC must hold last week’s low at $24758 to allow for this path to unfold.

Figure 1:

Bigger picture-wise, the larger (black) b-wave we have been tracking –see Figure 2 in our – has likely bottomed, and a C-wave rally to $36-48K, with $42K as the optimal middle, should be underway, with the only caveat that this is a smaller counter-trend (a-b-c) bounce staying below the April high.

Hence, why we project an initial upside potential of $28-29.5K. From the EWP we know, C-waves comprise five waves. In this case, W-i, ii, iii, iv, and v. Thus, if we see five green waves up from last week’s low development to ideally around $30500 over the next few days to weeks, then we know those five are only W-i of W-c of W-B. For now, and at this stage we take it step by step and focus on green W-2/b and 3/c.

Once complete, we will monitor for the potential, albeit highly likely, W-4 and W-5.

#REXBOX #crypto2023 #BTC

$BTC

🚨🚨🚨 Prominent Ripple and XRP advocate and legal expert John E. Deaton has accused the United States Securities and Exchange Commission (SEC) of its failure to provide regulatory clarity for the cryptocurrency industry, emphasizing that the American regulatory agency has 🚨lost its way🚨

The more-than-two-year-long battle between Ripple and the SEC continues to drag as crypto enthusiasts and the XRP community carry on waiting with bated breath. Over the course of time, there have been numerous heated exchanges including many Twitter spats between pro XRP users and the SEC.

However, these arguments seem to have taken an ugly turn in the recent past with leading industry figures and digital asset enthusiasts chiming in to lambast the American watchdog.

Deaton Slams SEC Over Lack of Clarity

On July 4, Deaton the XRP advocate, took to Twitter to slam the SEC and its chairman Gary Gensler. In a series of tweets, the lawyer asserted that Gensler who bears most of the blame, was not the only one to point fingers at, arguing that “the SEC, as an agency, has lost its way,” 

He belted out his frustration for the regulator’s failure at providing clear crypto regulations and its aggressive actions against digital currency firms. 

The discussion began after American businessman Mark Cuban said no U.S. investors would have lost money in the FTX rout if the SEC had set clear regulations like Japan did. Unlike a few countries, the U.S. is yet to come up with a comprehensive framework or set of regulations that allow cryptocurrency and blockchain firms to operate without fear of being targeted by regulators.

Deaton argued the SEC’s very resistance to the Hinman emails offering more details on the issue of crypto assets indicates the regulatory agency prefers to retain a lack of clarity and vague law for the sole purpose of insulating itself and keeping its options open in the future. 

In addition, the attorney also criticized the SEC chair, highlighting that Gensler is a bad faith regulator who deserves most of the blame he has received recently. As per the Twitter thread, Deaton agreed with Cuban’s views, saying that crypto will either fail or succeed on its own. He noted that the market will decide whether crypto will succeed or fail. The pro XRP lawyer wrote,

“The SEC, as an agency, has lost its way. Mark is correct, Crypto is one more technology that will succeed or fail on its own. It is here to stay in some form or another, but the market will decide – as it always does.”

Industry Leaders Continue to Blast SEC

This comes hot on the heels after Stuart Alderoty, the chief legal counsel at Ripple, lashed out at the SEC along with Gensler, citing the chairman’s recent comments that every digital asset is a security should have “legal consequences” and the “agency should be held accountable” for its anti-crypto stance.

Recently, Blockchain Association Policy Lead Jake Chervinsky also denounced Gensler hinting that the SEC chair should remove himself from enforcing rules on the crypto sector, arguing his public comments have made clear that he doesn’t have an impartial approach to the issues.

In a detailed blog post, Chervinsky explained that despite continued requests from the digital assets industry for regulatory clarity, the SEC has refused to adopt any rules or issue any guidance, among many others, for over four years. Instead, the SEC has chosen to regulate digital assets solely through enforcement actions.

#xrp #crypto2023 #REXBOX #SEC

$XRP

The original size of the white paper is 43 pages. A summary has been created upon request by Binance-User-Criptogranjero. You can reply with any summary you want, and I will work on it as soon as possible.

Market cap data NEAR Protocol

Volume/Market cap (24h) 3.74%

Circulating supply 930,171,918 NEAR

Total supply 1,000,000,000 NEAR

Max. supply --

Fully diluted market cap $1,300,123,772

Introduction

NEAR is a decentralized platform that aims to enable the creation of scalable and usable applications that can benefit from the security and openness of the blockchain. NEAR is designed to address the challenges of usability, scalability and security that limit the adoption of existing platforms. NEAR uses a novel consensus mechanism called Nightshade, which splits the network into multiple shards that process transactions in parallel. NEAR also introduces a dynamic runtime that adapts to the changing needs of the applications and the network. NEAR leverages a human-readable account model that simplifies the user experience and enables cross-contract calls. NEAR also supports a rich developer ecosystem with various tools and languages.

Background

The blockchain technology has the potential to revolutionize many industries and domains by enabling trustless and transparent interactions among diverse participants. However, the current state of the art suffers from several limitations that hinder its mainstream adoption. These limitations include:

Usability: The user experience of blockchain applications is often complex and unintuitive, requiring users to manage cryptographic keys, deal with high latency and fees, and cope with poor performance and availability.

Scalability: The throughput and latency of blockchain networks are limited by the consensus protocol, which requires all nodes to process and validate all transactions. This creates a trade-off between security and scalability, as increasing the number of nodes or the size of the blocks reduces the efficiency and speed of the network.

Security: The security of blockchain networks depends on the assumptions and incentives of the participants, which may not always hold in practice. For example, rational actors may collude or censor transactions to maximize their profits, or malicious actors may launch attacks to disrupt or compromise the network.

Design Principles

NEAR is guided by four design principles that shape its vision and architecture:

Usability: NEAR aims to provide a seamless and intuitive user experience that abstracts away the complexity of the underlying technology. Users should be able to interact with applications using familiar interfaces and concepts, without worrying about keys, fees, or network issues.

Scalability: NEAR aims to achieve high scalability and performance by leveraging parallelism and sharding. Transactions should be processed quickly and cheaply, regardless of the network size or load.

Security: NEAR aims to ensure the security and integrity of the network and the applications by employing rigorous cryptography and economic incentives. Transactions should be final and immutable, and participants should be accountable for their actions.

Simplicity: NEAR aims to keep its design and implementation as simple as possible, avoiding unnecessary complexity or overhead. Simplicity enables easier development, testing, auditing, and maintenance of the system.

System Overview

NEAR consists of four main components:

Network: The network layer is responsible for peer-to-peer communication among nodes, as well as routing and broadcasting transactions and blocks.

Consensus: The consensus layer is responsible for reaching agreement on the state of the system among nodes, as well as producing and validating blocks. NEAR uses a variant of Nakamoto consensus called Nightshade, which enables sharding and fast finality.

Runtime: The runtime layer is responsible for executing transactions and smart contracts, as well as managing accounts, storage, and fees. NEAR uses a dynamic runtime that can evolve over time according to the governance decisions.

Developer Experience: The developer experience layer is responsible for providing tools and languages for building applications on NEAR. NEAR supports multiple programming languages, such as Rust, AssemblyScript, C#, etc., as well as various frameworks and libraries.

Network

The network layer consists of three types of nodes:

Validators: Validators are nodes that participate in the consensus protocol by producing and validating blocks. Validators are selected based on their stake (the amount of tokens they lock up) and their performance (the quality of their service). Validators are randomly assigned to different shards every epoch (a fixed period of time).

Fishermen: Fishermen are nodes that monitor the network for malicious behavior by validators or other nodes. Fishermen do not produce or validate blocks, but they can submit proofs of misbehavior to challenge invalid blocks or transactions. Fishermen are rewarded for their service with a fraction of the slashed stake of the offenders.

Light Clients: Light clients are nodes that do not store or process the full state of the system, but only verify block headers using cryptographic proofs. Light clients can interact with applications using remote procedure calls (RPCs) or query contracts using Merkle proofs.

Consensus

The consensus layer uses a sharded proof-of-stake (PoS) protocol called Nightshade, which combines the ideas of Nakamoto consensus and Byzantine fault tolerance (BFT). Nightshade consists of two main components:

Block Production: Block production is the process of creating new blocks by validators. Each shard has a leader who proposes a block for that shard, and other validators in that shard approve or reject the block. The leader is rotated every block using a verifiable random function (VRF). The block production is synchronized across shards using a beacon chain, which is a special shard that produces blocks at a higher frequency and serves as a source of randomness and time for the system.

Block Finalization: Block finalization is the process of reaching final agreement on the validity and order of blocks by validators. Each shard has a committee of validators who vote on the blocks for that shard, using a BFT protocol called Doomslug. The votes are aggregated using threshold signatures, which reduce the communication overhead and enable fast finality. The block finalization is coordinated across shards using a fork choice rule, which determines the canonical chain based on the weight of the blocks and the votes.

Runtime

The runtime layer consists of two main components:

State Transition: State transition is the process of applying transactions to the state of the system, resulting in a new state. Transactions are grouped into chunks, which are assigned to different shards based on the accounts they touch. Chunks are executed in parallel by validators in each shard, using a WebAssembly-based virtual machine called NEAR VM. The state transition is verified across shards using state receipts, which are cryptographic proofs of the outcomes and dependencies of the chunks.

State Storage: State storage is the process of storing and retrieving the state of the system, which consists of accounts, contracts, and data. The state is stored in a key-value store called Trie, which is partitioned across shards based on the account prefixes. The state storage is optimized across shards using rent, which is a fee that accounts pay for occupying storage space, and garbage collection, which is a mechanism that removes unused or expired data from the Trie.

Developer Experience

The developer experience layer consists of three main components:

Account Model: The account model is the abstraction that NEAR uses to represent users and contracts in the system. Accounts have human-readable names (e.g., alice.near) that can be registered and transferred using subdomains (e.g., bob.alice.near). Accounts can also make cross-contract calls using promises, which are asynchronous and composable operations that can handle success or failure callbacks.

Smart Contracts: Smart contracts are programs that run on NEAR and define the logic and data of applications. Smart contracts can be written in various languages, such as Rust, AssemblyScript, C#, etc., and compiled to WebAssembly bytecode that can run on NEAR VM. Smart contracts can also use standard libraries and interfaces, such as NEAR SDKs and NEP standards, to simplify development and interoperability.

Tools and Services: Tools and services are software components that facilitate the development, testing, deployment, and monitoring of applications on NEAR. Tools and services include IDEs, CLI tools, testing frameworks, code analysis tools, explorers, wallets, faucets, bridges, etc.

Conclusion

NEAR is a scalable and usable platform that enables developers to create applications that can benefit from the security and openness of the blockchain. NEAR achieves this by combining novel techniques and technologies, such as sharding, dynamic runtime, human-readable accounts, multiple languages, etc. NEAR also fosters a vibrant community and ecosystem that supports innovation and collaboration. NEAR aims to become a global public utility that empowers users and developers to create a more open, fair, and decentralized web.

#near #nearprotocol #nearfoundation #REXBOX #crypto2023

$NEAR

The United States has been the dominant power in the global economy since the end of World War II. The US has the largest economy in the world and the US dollar is the world's reserve currency. This means that the US dollar is the currency that other countries use to settle international payments.

Why the US Dollar Is the Global Currency

This gives the US a great deal of power to shape the global economy. For example, the US can use its economic power to impose sanctions on countries that do not agree with its policies. The US can also use its economic power to pressure other countries to take actions that serve its own interests.

However, in recent years, the US's dominance in the global economy has begun to decline. There are a number of factors contributing to this decline, including the rise of China and Russia, the increasing use of cryptocurrencies, and the emergence of new economic powers such as India and Turkey.

China is the second largest economy in the world and its economy is growing faster than the US economy. China also has a strong industrial base and is a major source of consumer goods. This makes China a serious competitor to the US in the global economy.

Russia is also an emerging economic power. Russia has rich natural resources and is a major source of oil and gas. Russia is also a member of the G20, which is a group of the world's largest economies. This gives Russia a great deal of influence in the global economy.

The use of cryptocurrencies is another factor contributing to the decline of US dominance in the global economy. Cryptocurrencies are digital currencies that are not subject to the control of any government or central bank. This makes them more stable than traditional currencies and more attractive to investors.

The emergence of new economic powers such as India and Turkey is also a factor contributing to the decline of US dominance in the global economy. India is the second most populous country in the world and its economy is growing faster than the US economy. Turkey is also an emerging economic power and its economy is growing faster than the US economy.

These factors suggest that US dominance in the global economy is beginning to decline. It is unclear when this dominance will end, but it is clear that it will end one day. When this dominance ends, there will be a new global economic order and this order will be more stable and just than the current order.

PHOTO: BAILEY MARINER

Are We Puppets of the US Government?

It is clear that the US is a dominant power in the global economy and that it has the power to shape the policies of other countries. This raises the question of whether we are puppets of the US government.

The answer to this question is yes, to some extent. This is because the US economy is the largest in the world and the US dollar is the world's reserve currency. This means that the US has the power to shape the policies of other countries through the use of its economic power.

For example, the US can use its economic power to impose sanctions on countries that do not agree with its policies. The US can also use its economic power to pressure other countries to take actions that serve its own interests.

This raises concerns about our political independence. If the US is able to shape the policies of other countries through the use of its economic power, it means that it is able to influence our domestic policies as well.

It is important to remember that the US is not the only country with interests in the global economy. There are other countries, such as China and Russia, that also have interests in the global economy. These countries are also seeking to shape the policies of other countries.

This means that we have some degree of independence in our domestic policies. We are not puppets of the US government, but we are not independent from it either. We live in a complex world and there are many forces that influence our domestic policies. It is important to be aware of these forces and to fight for our political independence.

#usa #dollar #REXBOX

The Terra Classic (LUNC) price prediction moves toward the positive side as the bulls defend the support at $0.000087

Terra Classic Prediction Statistics Data:

LUNC price now – $0.000088

LUNC market cap – $512.7 million

LUNC circulating supply – 5.81 trillion

LUNC total supply – 6.84 trillion

LUNC Coinmarketcap ranking – #79

LUNC/USD Long-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.000110, $0.000120, $0.000130

Support levels: $0.000071, $0.000061, $0.000051

LUNC/USD is undergoing a much-needed break to the positive side as the coin trades within the 9-day and 21-day moving averages. The Terra Classic is posting gains of over 0.24% at the time of writing, trading above the 21-day moving average at $0.000088.

Terra Classic Price Prediction: LUNC Price Could Spike to the Upside

The Terra Classic price resumes back in the middle of consolidation as the coin moves to cross above the 9-day moving average. The price is now roaming around the $0.000088 level. Meanwhile, if the market continues the upward movement, the $0.000090 resistance level is likely to surface in the next few positive moves. Moreover, LUNC/USD pair might further look for higher price levels if the bulls continue to show commitment.

However, the market is currently displaying a sign of subduing volatility with choppy price action. On the other hand, if LUNC/USD crosses below the 21-day moving average and heads toward the lower boundary of the channel, the price may likely roll back to the previous supports at $0.000071, $0.000061, and $0.000051. But as the Relative Strength Index (14) moves above the 50-level, the next resistance levels could be located at $0.000110, $0.000120, and $0.000130 respectively.

Against Bitcoin, LUNC price is ranging, the coin recently trades above the 9-day and 21-day moving averages and it could rise toward the nearest resistance level of 320 SAT. Meanwhile, heading toward the upper boundary of the channel may hit the resistance level at 370 SAT and above.

On the contrary, any bearish movement by the bears may find the support level at 230 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 70-level.

Terra Classic Alternatives

The Terra Classic price is heading to the upside as the coin crosses above the upper boundary of the channel. However, if the market continues the upward movement, the $0.000090 resistance level is likely to surface. Nevertheless, LUNC/USD may further look for higher price levels if the bulls continue to show commitment.

#REXBOX #TERRA #LUNC #crypto2023

Dogecoin Price Analysis: In the weekly time frame chart, the Dogecoin price shows a V-shaped reversal from the combined support of $0.53 and a lower trendline of a symmetrical triangle pattern. This type of upsurge reflects high accumulation from investors mostly attracted towards discounted prices after a significant downturn. As a result, the popular memecoin has surged 45% in the last seven weeks to reach the current trading price of $0.0773. Can buyers resume this bull run higher or its time for a correction phase?

Also Read: Bitcoin Transaction Volume Tanks While Dogecoin’s Hits 16-Week High

Dogecoin Price Daily Chart

A bullish breakout from the combined resistance of $0.0745 an overhead trendline sets the DOGE price for a 20% upswing. 

A potential bullish crossover between the 20-and-100-day EMA would bolster the recovery rally.

The 24-hour trading volume in the Dogecoin coin is $739.5 Million, indicating a 24% gain

inverted flag pattern governs the current recovery trend in Dogecoin price. Amid this rally, the coin price resonated between two converging trendlines, whose evident breakout leads to massive price movement.

This bearish continuation pattern usually encourages the breakdown of the lower support trendline to replenish the selling momentum. However, with an intraday gain of 8%, the coin buyers offered an upswing breakout from the flag pattern trendline, invalidating the bearish thesis.

A bullish outcome of a bearish pattern is rare and a strong buy signal indicates the DOGE could witness extended recovery. If the daily candle closes above the breached resistances of $0.0755 and the aforementioned trendline, the coin buyers could drive a 20% rally to $0.094, followed by $0.1047.

Is DOGE Price Still Under Correction Threat?

In case the overhead supply persists and closes the daily candle below the resistance trendline, the bullish thesis will get invalidated. The resulting higher price rejection wick will indicate sellers continue to defend this dynamic resistance. A potential reversal will plunge the price back to a lower trendline of the inverted flag pattern. Until this pattern is intact, the Dogecoin price is at risk of a major correction.

Exponential Moving Average: The Dogecoin price breakout above the 200-day EMA would signal an early sign of a potential uptrend.

Relative strength index: The daily RSI slope above 60% reflects high buying momentum buying among market participants.

#REXBOX #Binanceturns6 #DOGECOIN #dyor

In a rare sign, a Stan Lee NFT collection by Kartoon Studios got sold out almost instantly on Monday, adding much needed confidence to the non-fungible token (NFT) market. In the recent times, the NFT market struggled to gain traction as demand for digital collectibles slowed down.

Stan Lee NFT Sales: In Phases

According to Kartoon Studios, a batch of over 8,000 Stan Lee digital collectibles was sold out almost instantaneously. This was the first phase of the NFT collection on the occasion of Lee’s 100th birthday recently.

Also Read: Ex-SEC Chief Calls Jack Dorsey’s First Tweet NFT “Worthless” & NFT Marketplace A “Scam”

Stan Lee, a comic book writer, is known for creating popular superheroes including Spider-Man, the Hulk and Iron Man. The latest flash sale out of NFTs gives a glimmer of hope for stakeholders in the digital assets market, which saw a decline during the crypto winter following a phase of phenomenal demand in the bull run in 2021.

The sale of 8,294 NFTs led to a revenue generation of $120,000 for Kartoon Studios. Earlier, the NFT prices in the collection rose by as much as 5 times. The cheapest NFT available was valued at $81 while the highest valued NFT was for $749. Meanwhile, details about the next phases of Stan Lee NFT sale are yet to be revealed.

#REXBOX #NFTS #NEWS