With a bearish reversal from the long-coming support trendline, the MATIC price fails to sustain above $1. As the Polygon token’s market price drops under the psychological mark of $1, the downtrend gains momentum.
With multiple bearish weekly candles, the downfall accounts for a 38% drop in five weeks. Currently, the altcoin trades at $0.7674, with a 12% drop last night. Further, the altcoin loses the dynamic support of the 200D EMA, warning a death cross.
In the weekly chart, the lower high formation continues for Polygon and warns of a drop to $0.50, if the market fails to recover. However, a bullish recovery with Bitcoin Halving can boost the market price back above $1. This could revive the possibility of a new uptrend and a bullish breakout of the long-coming support trendline.
Ripple (XRP) saw a 2.2% increase after a possible victories comeback against SEC(Securities And Exchanges Commission).
SEC was looking at a $2.2 billion fine and now Ripple is proposing a $10 million settlement instead.This has brought confidence in investors thus resulting in the 2.2% increase in the past 24hours.
There is a report of a whale actually accumulating of over 31 million coins over the past few weeks.
Is this the greenlight to accumulate more Ripple coin or wait after the SEC issue.
1.SOL--The all-time high for SOLANA was on November 6,2021 at $259.96 and now after the fourth successful Bitcoin halving it has the potential to break this point.Experts predicts it can end 2024 at around $295.
2.TRX--Despite a very strong blockchain ,the annual chart shows a 62.5% increase,which is very impressive .Moving from $0.10 to $0.12 this past week show how bullish this coin can be in the future.Experts predicts that, it can end the year at a value of $0.163 making it one of the top coins to consider
3.KANG--During the presale ,the cryptocurrency has gone up 260% from $0.005 to $0.0196.Also according to expert, this crypto to see a 100x price increase when it is launched which makes it a great investment opportunity.
4.BNB--Binance Coin prediction at the end of 2024 is around $840.This is possible due to its role on the platform for payment of fees and used for operation within the ecosystem.
FTX investors preparing a legal battle with celebrities who endorsed FTX.
FTX investors drop claims against SBF for help with celebrity lawsuit.It is heard that investors want SBF to be on their side for the Lawsuit against the celebrities
Lawsuit involves celebrities like David Ortiz,Katy Perry,Tom Brady and others
The purpose of the lawsuit is to recover celebrity endorsement fee of exceeding $1.3million
Looking at cryptocurrencies for the past 24hours,it is clear crypto is rising not falling as investors predicted.Also coins like $BTC $BNB $ETH has also started rising.
I advice investors praying for #Megadrop to be more cautious and monitor their investment to prevent more losses incase the market keeps going up.
With about four days to Bitcoin halving,trading volume has increase by 10%.More crypto investors have shift their attention to altcoins with TETTER USDT supply increasing over 1billion in the past 24 hours.
Bitcoin price closely follow the major global stock indexes as the middle east crisis worsens with Iran and Israel on the verge of war.Investors have opted to watch quietly as the geopolitical crisis unfold.
At this stage investors need to be very careful and do a lot of research before taking any decision whether on Bitcoin or altcoins,whether long or short.
HOW TO MAKE GOOD DECISION DURING THIS HALVING PERIOD
1.ONLY invest in altcoins with strong fundamentals and which is at least 1-2years old.This is because such projects rebound quickly immediately the market bounces back
2.Desist from impulsive buying of tokens and crypto coins and rather pay attention on project’s that demonstrated resilience during market downtown
3.Do a lot of research before investing in new altcoins to avoid been scammed especially if not listed on Binance .Yes if not listed on Binance then it means it is not well regulated or someone can easily manipulate it to his advantage
6 ADVICE FROM TOP CRYPTO CEO DURING THIS HALVING PERIOD
1.Avoid emotional trading
2.Educate Yourself
3.LOOK BEYOND HYPE:Meaning investors should invest considering inflation,latest international developing and mega-economic trends but not on hype by this crypto companies
4.Effectively managing risk:Implementing risk management can effectively prevent substantial loss and keep you in the market for long even during high volatility period
5.Diversify Assets :It helps mitigate risk and avoid substantial loss from one crypto's downfall.
6.Do Your Own Research:It is better to research well about the crypto you are investing,which company launched the crypto,which country they are from ,also whether they are well regulated
1.BRISE - Coin is the token for the Bitgert chain and a BRC-20 token.Since launching it has amused every investor in the crypto world.It has risen 40,000% and shows no signs of stopping.All indicatoins points towards the rise of the brise coin.I think its time to take a look at this token.
2.CENX -This coin has not be in the market for too long but have make a lot of profit for investors.The CENX token offers a safer,secure,quicker and more efficient user experience to those who subscribe to. CENX is expected to rise 500% this year.I think its time you take a look a this token
3.BEFE -This coin is expected to rise 585% this year which is a good opportunity for crypto investors.People were cautious about memecoins but BEFE Coin had become large part of the crypto market now.It had a RSI score of 55 which suggest that there is a strong buy for this token.
Conclusion:This are some of the coins/token believe to have strong fundamentals and is believe to guarantee profit in the long run. $BNB $BEFE $BTC
1.FTX Sam Bankman-Fried has appealled his 25years prison and fraud conviction sentence for stealing billions of dollars from customers from his exchange FTX.
2.US Securities And Exchange Commission re-itterate it has no intention to raise interest rate amid the concern of doing so.As it has a huge effect on crypto especially Bitcoin and other altcoins.
3.Solana developers have set April 15 as the day they will implement the fix for the recent transaction failure and issue on the blockchain network,develpoers assures customers.
4.Blockchain development company MONAD LABS has successfully raised $225m in its latest seen funding led by PARADIGM.
5.A venture studio building on the Bitcoin ecosystem THESIS,has announce the launching of of layer -2 platform, MEZO. $BNB $BTC $ETH
Despite a successful week POLKADOT (DOT) records another day of losses.
Despite POLKADOT register record addresses and sponsorship,the network is down (3%) over the past 24hours.
The price of Bitcoin and altcoins saw a downward blow amid Bitcoin halving but bounce back after US government confirms have no interest in reducing interest rate soon.
POLKADOT on the other hand ,after record Investments record a -3% decrease in 24hours.
Will POLKADOT bounce back high or will slowly climb up.
Comment your prediction below $DOT $BNB $BTC
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