Binance Removes Four Trading Pairs to Address Liquidity Issues
Four Trading Pairs Eliminated from Binance
Binance emphasized that it conducts regular reviews to protect its users and enhance the quality of trading in the market. Recent evaluations identified four trading pairs with low trading volumes and liquidity.
As of October 25, 2024, at 06:00 UTC, trading in ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC will cease. However, users can continue to buy and sell the cryptocurrencies in these pairs through other active pairs on Binance. For example, cryptocurrencies like ALGO and DGB will still be traded in other popular pairs.
Attention to Trading Bots
Binance also announced that trading bots linked to these trading pairs will be disabled on the same date. Users are advised to update or deactivate their trading bots to avoid potential losses.
While warning users about bot trading precautions, Binance highlighted that trading will continue through other pairs on its platform. This move is viewed as one of the measures taken by Binance to maintain market health.
The changes at Binance aim to create a healthier trading environment by targeting trading pairs with low volume and liquidity.
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Binance to dislist 4 crypto trading pairs
Binance exchange announced that it will take 4 crypto trading pairs out of the list as of October 25. In the statement made, it was also stated that this situation will not affect the general listing of the relevant tokens.
In addition to its listings, the Binance exchange, which is also known for excluding coins that do not attract as much attention as before, will exclude 4 crypto trading pairs from the platform.
The stock exchange announced that it will remove the "ALGO/FDUSD, CHR/ETH, DGB/BTC, GMX/BTC" trading pairs from the platform as of October 25.
Binance will also close the trade bot transactions of the relevant spot trading pairs on the same day and time.
As it is known, the stock market, which has increased its delist steps in recent years, takes these decisions based on various criteria. These include; reputation and reliability of the project, activity level, volume and liquidity, legal compliance levels and project development.
🚨 THEY ARE LYING TO YOU!! SHIBA INU HOLDERS MUST KNOW THIS ASAP!! ⚠️
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$SHIB holders, you need to hear this NOW! There’s a lot of misleading information out there about Shiba Inu Coin that could impact your investment decisions. Here’s what you need to know:
🔍 What They’re Not Telling You:
Real Burn Numbers: The actual burn rate for SHIB tokens isn’t as high as some are claiming, and this could affect the price predictions many are banking on.Whale Manipulation: Certain large holders may be driving price movements to take advantage of smaller investors. Don’t fall into the trap of FOMO (fear of missing out)!True Utility: While $SHIB is building its ecosystem, real-world adoption is still in its early stages. Make sure you understand what’s fact and what’s speculation.
💡 Stay Informed: Don’t let the hype blind you. Always do your own research and keep an eye on official news sources.
What do you think? Are we being misled about SHIB’s potential? Let’s discuss!
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Main Stage Action at the #CardanoSummit2024! 🎬
What an insightful session from Amro Awaidah, Abdullah Al Dhaheri, Dr. Sameer Al Ansari, Frederik Gregaard, Dmitry Fedotov, and Hussein Sayed on the UAE Roadmap to Blockchain Adoption.
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$SLP
{spot}(SLPUSDT)
/USDT Technical Analysis Update
Smooth Love Potion (SLP) is currently showing dynamic price movement, with the token trading at $0.003010. Despite a recent dip of -1.28% in the past 15 minutes, SLP has shown resilience in the market, especially within the gaming sector.
Key technical levels to watch:
Support Level: $0.002900 – A critical area where buyers could step in, potentially preventing further decline.
Resistance Level: $0.003300 – A short-term resistance that, if broken, may lead to further upward movement.
Major Resistance: $0.003500 – A breakout beyond this point could lead to strong bullish momentum.
Traders should keep an eye on volume and sentiment in the next 4 hours, as these will likely play a key role in determining SLP's next move.
SLP continues to attract attention as a gaming token gainer, making it a potential candidate for short-term gains.
🚨 MASSIVE XRP NEWS! STARTS DECEMBER FOR RIPPLE XRP! 🚨
Exciting developments are unfolding for $XRP as the BRICS nations are making significant moves toward establishing an independent payment system. This system could potentially utilize XRP for cross-border transactions, enhancing its role in international finance. With BRICS aiming to reduce reliance on the US dollar, the integration of Ripple could lead to a massive increase in XRP's value.
Experts believe that if adopted, $XRP could see a meteoric rise, with some predicting it could reach as high as $10,000. This optimistic outlook is fueled by the speed and low cost of XRP transactions, making it an attractive option for BRICS nations looking to streamline their trade.
As the BRICS summit approaches, the discussions surrounding this new payment system are expected to gain momentum. This could open up new opportunities for XRP holders and significantly impact the cryptocurrency market
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Why SCR should be a good investment?
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In summary, Scroll enhances the scalability, security, and cost-efficiency of Web3 applications, contributing to a more user-friendly and sustainable decentralized ecosystem.
#ScrollOnBinance
🚨 $SLP /USDT Approaching Critical Zones: A Golden Opportunity or a Trap? 🚨
The SLP/USDT pair is making some big moves! After a strong rally, the pair is now testing crucial support and resistance levels. With current price sitting at 0.003028 USDT, here’s what to look out for:
💡 Key Levels to Watch:
• Resistance: 0.003526 USDT – A breakout above this could ignite a push towards 0.003600 USDT or beyond, bringing fresh bullish momentum into the market.
• Support: 0.002548 USDT – Holding this support could set up for another run-up. However, a break below here might see a drop toward 0.002700 USDT or lower.
📉 Entry Strategy:
• Long Position: Consider entering around 0.003050 USDT if price holds support, targeting a breakout toward 0.003600 USDT.
• Stop Loss: Set your stop at 0.002900 USDT to manage risk effectively.
• Short Position: If the price rejects resistance near 0.003500 USDT, a short entry targeting 0.002800 USDT could be profitable.
• Stop Loss: Place it around 0.003550 USDT to protect against false breakouts.
🔥 Whether you’re aiming for a quick scalp or a longer-term move, now’s the time to watch closely!#GameFiTokensRally #SECApprovesBitcoinETFOptions #APTSurpassesSUI #UptoberBTC70K? #XRPDonationsUSElections
🚀 **Crypto News Flash!** 🚀
Solana (SOL) is making waves with its new Router Protocol integration, enhancing cross-chain functions and boosting decentralized applications. Meanwhile, Lunex Network (LNEX) is emerging as a DeFi powerhouse with low fees, privacy tools, and seamless interoperability. Its mobile exchange app and portfolio tracker are gaining traction, and the LNEX token presale is in Stage 4 at $0.0017 each. Analysts predict a potential 1800% surge by 2024!
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$TIA /USDT Soaring Toward Key Levels! Breakout or Reversal?
The TIA/USDT pair is currently trading at 6.000 USDT, marking a critical juncture as it inches closer to key resistance and support levels. With a sharp upward channel, traders need to stay alert for either a breakout rally or a pullback.
Current Setup:
• Support Zone: 5.850 USDT – This level is holding strong, and any dip toward this point offers a possible long entry for risk-takers.
• Resistance Level: 6.027 USDT – A decisive break above this resistance could trigger a bullish run toward higher targets. Bulls are eyeing this level closely.
Entry Strategies:
• Long Trade: Enter around 6.000 USDT, targeting 6.100 USDT with a stop loss at 5.880 USDT. If momentum breaks 6.027 USDT, there’s potential for a swift move upward.
• Short Trade: If price faces rejection at 6.027 USDT, consider shorting with a target of 5.800 USDT and a stop loss at 6.050 USDT.
Keep an eye on volume and price action near these levels! Will it break through, or is a reversal brewing? Stay sharp!#GameFiTokensRally #SECApprovesBitcoinETFOptions #APTSurpassesSUI #UptoberBTC70K? #XRPDonationsUSElections
🚨 $MTL /USDT: Massive Volatility – Is MTL Ready for the Next Move? 🚨
MTL is making waves, trading at $1.087 (+7.94%) after a sharp spike to $1.255 in the last 24 hours. With huge price swings, the question now is: will MTL continue its rally, or will we see a retracement? Let’s break down the key levels and what traders need to watch!
🔥 Key Levels:
Support Zone: $0.966 – This area saw strong buying pressure during the recent dip, making it a critical level for buyers to defend.
Resistance Zone: $1.255 – The recent high could act as a resistance. A break above this level could push MTL toward $1.30+.
💥 Volume Surge:
With 27.52M MTL traded in the last 24 hours, the surge in volume indicates high interest in MTL. Keep a close eye on this, as continued volume could drive the next big move.
🚀 Short-Term Strategy:
Bullish Move: If MTL breaks above $1.255, expect a rally toward $1.30 and beyond as momentum builds.
Watch for Pullback: If the price fails to hold, we could see a retest of $1.00-$1.05, where buyers may step in again.
🔔 Stay sharp! MTL is experiencing high volatility, and the next move could be just around the corner. Keep your eye on these key levels and plan your trades accordingly.
#MTLUSDT 🚀 #CryptoVolatility 📈 #BinanceSpotTrading #WhaleWatch #NextMove
$MTL
{future}(MTLUSDT)
$MTL
{spot}(MTLUSDT)
/USDT Technical Analysis - Binance
MTL has shown strong performance recently, with a current price of $1.092 and an 8.33% increase! Here are three key targets to watch:
🎯 First Target: $1.255
This is the highest price in the last 24 hours. If MTL breaks this resistance, further upward momentum could follow.
🎯 Second Target: $1.40
This is the next significant psychological level, where sellers may become active. A breakout here could signal further bullishness.
🎯 Third Target: $1.60
With strong bullish momentum, this level could be achievable, especially considering MTL's recent strength.
SAR Indicator: $0.966 highlights a key support level, where buyers may step in.
Keep an eye on MTL’s trading and take advantage of these potential targets!
#ScrollOnBinance #XRPDonationsUSElections #UptoberBTC70K? #APTSurpassesSUI #SECApprovesBitcoinETFOptions
🚀 $RAD
{spot}(RADUSDT)
/USDT Technical Analysis 🎯RAD is showing strong momentum, currently trading at $1.292, with a +12.06% price surge in the past 24 hours. Based on key support and resistance levels, here are three potential targets to watch:🎯 Target 1: $1.300
This level marks the 24h high and could be a key resistance point. A breakout above $1.300 could signal further upward momentum.🎯 Target 2: $1.350
If RAD maintains its bullish momentum, the next key resistance level is at $1.350. Traders should watch for volume surges as RAD approaches this zone.🎯 Target 3: $1.400
In a strong rally, the $1.400 mark is a psychological barrier. Breaking this could open doors for further gains.Key Support: $1.240
Watch for this support level as a potential entry zone in case of a pullback.Stay tuned to the market and manage your risk wisely! 📊 #Binance #RADUSDT #CryptoTrading This post emphasizes key price levels, providing valuable insights for traders.
🚨 $RONIN /USDT: Momentum Building – Is RONIN Ready to Break Through? 🚨
RONIN is currently trading at $1.679 (+1.02%), with recent highs pushing up to $1.726. The question now is: will RONIN break resistance and surge higher, or are we heading for a consolidation period? Let’s look at the critical levels to watch.
🔥 Key Levels:
Support Zone: $1.631 – This level has acted as a strong support, and any pullback to this area could offer a solid buying opportunity.
Resistance Zone: $1.726 – This is the level to break! If RONIN moves above this, we could see a strong push toward $1.75 and beyond.
💥 Volume Surge:
With 4.75M RONIN traded in the past 24 hours, volume is showing strength. This uptick in volume could be the fuel needed for a potential breakout, so keep a close eye on this!
🚀 Short-Term Strategy:
Bullish Signal: If RONIN can break and hold above $1.726, expect a strong move toward $1.75 or higher.
Watch for Pullback: If resistance holds, we might see a slight retracement to $1.65-$1.67, where buyers could step back in.
🔔 Get ready for action! RONIN is showing signs of volatility, and a big move could be coming soon. Watch these key levels and plan your trades wisely!
#RONINUSDT 🚀 #CryptoBreakout 📈 #BinanceSpotTrading #NextBigMove #GamingToken
$RONIN
{future}(RONINUSDT)
$CHESS
{spot}(CHESSUSDT)
/USDT Technical Analysis 🎯Price: $0.1719 (+11.12%)We’re seeing strong movement in CHESS/USDT with recent gains. Here’s what traders are watching for:Target 1: $0.1900
The first resistance level, if breached, could indicate a bullish trend continuation. Watch for this level to break in the short term.Target 2: $0.1700
This is a key support level. If prices consolidate here, it could suggest stability and potential upward movement.Target 3: $0.1484
This is a major support level for risk management. A dip to this point might indicate further downward pressure, so it's crucial to monitor closely.Stay tuned to Binance for real-time updates and seize the market opportunities!📊
This format blends technical data with useful trading insights, providing traders with essential targets to follow while keeping the post engaging and clear.
Notice: Delisting of $ALGO /FDUSD, $CHR /ETH, DGB/BTC, and $GMX /BTC Spot Trading Pairs - 2024-10-25
Dear Binance Users,
As part of our commitment to maintaining a robust and efficient trading environment, Binance routinely evaluates all listed spot trading pairs. Factors such as insufficient liquidity and lower trading activity can lead to the removal of certain pairs to preserve the market’s overall quality and stability.
After our most recent assessment, Binance will discontinue trading for the following spot trading pairs:
Effective from 2024-10-25 at 03:00 (UTC):
ALGO/FDUSD
CHR/ETH
DGB/BTC
GMX/BTC
It's important to note that while these trading pairs are being delisted, the associated tokens will still be available for trading under other available pairs on the Binance platform. Additionally, the Spot Trading Bots services for the listed pairs will also be terminated on the same date. We strongly recommend users review and update their Spot Trading Bots settings before this deadline to prevent potential losses.
For accuracy, please refer to the English version of this announcement in case of any translation discrepancies.
#Removal #DelistingNotice #DelistingDrama #ScrollOnBinance #BinanceLabsInvestsLombard
🚨 $MLN /USDT: Gearing Up for a Breakout? Watch These Key Levels! 🚨
MLN is gaining attention with a current price of $17.86 (+2.76%), and it’s showing signs of momentum as it climbs toward resistance. Could this be the start of a larger rally? Let’s break down the critical levels to watch for!
💥 Key Levels to Watch:
Support Zone: $17.03 – A strong buying opportunity if the price dips back to this level, offering a potential bounce.
Resistance Zone: $18.32 – This is the key area to break! If MLN clears this level, it could signal a push toward $18.50 and higher.
🔥 Volume Insights:
With 129K MLN traded in the last 24 hours, volume is climbing, showing increased interest from traders. Keep an eye on this—rising volume could push the price into breakout territory!
🚀 Short-Term Strategy:
Bullish Signal: If MLN breaks above $18.32, we could see a strong rally toward $18.50 and beyond.
Watch for Pullback: If resistance holds, expect a possible pullback to $17.40-$17.50, where buyers might step back in.
🔔 Don’t miss out! MLN is showing volatility, and a breakout could be on the horizon. Watch those key levels closely and make your move!
#MLNUSDT 🚀 #CryptoBreakout 📈 #BinanceSpotTrading #DeFiMoves #WhaleWatch
$MLN
{spot}(MLNUSDT)
Bitcoin Weekly Update
Last week, we saw Bitcoin break out from the bullish flag pattern on the macro chart. The breakout occurred with huge volume, followed by a strong rejection near the previous all-time high at $69K. In my opinion, Bitcoin is now in a retest mode, so a red weekly close this week wouldn’t be surprising.
These movements are part of a healthy process necessary for a stronger price rise in the upcoming days.
Golden Tip: If this retest plays out successfully, consider this week as the last opportunity to accumulate your favorite altcoins at a lower price. The upcoming weeks look extremely bullish.
#ScrollOnBinance $BTC #Write2Earn