MUST READ🛑: The #BLUR price is still moving in the descending channel. The price is at the support level of $0.3660-0.3100, and this level is the last support level of the price based on its history. Although the downward trend is slowing now , there is no indication in the chart that the price will begin to grow🚀, and we should wait for the price to break out of the downward channel.
CHR is currently moving within a falling wedge pattern, nearing a breakout point where the 100-day moving average (MA) is also serving as resistance. A strong breakout from the falling wedge would confirm bullish momentum.
TRX has formed an inverse head and shoulders pattern. Currently, it is trading below its neckline resistance, where the MA 200 is also acting as resistance. The Ichimoku cloud indicates a bullish trend. A solid breakout above the horizontal resistance would confirm the bullish direction, while a rejection would signal a correction.
May 8, 2024 ➖➖➖➖➖➖➖ MARKET ANALYSIS: Market Cap: $2.29 Trillion 24h Volume: $64.82 Billion BTC Dominance: 53.5% ETH Dominance: 15.7% 🔸BK® Health Standard: 4.5 (1 to 10) 🔸BK® Sentiment: 41% (-100% to 100%) ➖➖➖➖➖➖➖ BINANCE ANALYSIS (USDT pairs): Top Gainers 1. FTT: +28% 2. TRB: +12% 3. NULS: +9% Top Losers 1. PSG: -16% 2. WIF: -10% 3. MDT: -9%
BINANCE FUTURES: Top Gainers 1. TRBUSDT: +13% 2. IDEXUSDT: +9% Top Losers 1. WIFUSDT: -10% 2. MDTUSDT: -9%
LARGEST VOLUME (24h) 1. BTC/USDT ($25500m) 2. ETH/USDT ($11700m)
DAILY OUTLOOK FTT, TRB, and NULS emerge as the market's top gainers, while BTC experiences a correction after triggering stop losses above $65K. With decreasing volume and a rising BTC dominance (BTC.D), uncertainty pervades the market, and the next direction will likely become clearer after several candle closures. ➖➖➖➖➖➖➖