RAD is consolidating within a falling wedge pattern, with the Ichimoku Cloud serving as resistance above the pattern. A decisive breakout from the pattern could signal the start of a bullish rally.
PEPE has bounced off the support area, and we may see a continuation of the upward movement. The long position has already yielded a peak profit of over 17% from our entry point. You can adjust your stop loss to the breakeven point and hold the position. The price is currently attempting to break through the resistance area, and a successful break above this level could lead to significant upward movement.
#STEEM on the weekly TF have a very huge consolidation range of 3 years and moving between the major support zone of $0.13 - $0.16 and Major Resistance area of $0.35 - $0.38. Looking for the buys at support zones at Daily zone and H4 areas too.
Price is cooling off after the big move. You can open a long position at the local support area. We may see a continuation of the upward movement in the coming days.
✅ Bitcoin had two attempts to return to the $100k level in the past week but both were unsuccessful, with net outflows from spot BTC ETFs sending the price down to $94k 📉
Weekly news digest:
💎 Crypto
🔸 In 2024, nearly $15 billion was distributed through crypto airdrops
🔸 North Korean hackers stole $1,3 billion worth of crypto this year alone
🔸 MicroStrategy calls shareholders meeting to fund more Bitcoin purchases
🔸 Cancer lab to receive over $1 million in donations after charity memecoin MIRA was launched
🔸 Solana DEX aggregator Jupiter has announced details of the second JUP airdrop
🏦 Crypto Exchanges
🔸 MoonPay is looking to acquire Helio Pay for around $150 million
🔸 Coinbase report says crypto stablecoins could grow to $3 trillion over the next five years
🔸 FTX Digital Markets co-CEO Ryan Salame’s prison sentence was reduced by one year
💵 Finances and Economy
🔸 Scandinavian countries disclose tax records and addresses of crypto holders, providing criminals with a list of potential targets
🔸 Russia says it is using Bitcoin for international payments
🔸 Stablecoin issuer Tether made its first crypto venture capital fund investment into Arcanum Capital
🔸 Strive, an asset manager founded by Vivek Ramaswamy, has filed SEC for ‘Bitcoin Bond’ ETF
⚖️ Law and Order
🔸 IRS says crypto staking is taxable
🔸 The new IRS rules classifying DEXs as brokers
🔸 South Korea sanctioned 15 North Korean IT organization members for crypto heists and cyber theft
🔸 Russia announced a 6-year ban on crypto mining in 10 regions, citing energy shortages
🔸 Terra Luna Founder Do Kwon to be extradited to the United States (this time for sure)
🔸 Texas Department of Banking has granted MoonPay a Money Transmitter License
🗣 Personalities
🔸 Robinhood CEO says no plans to invest in bitcoin
NEAR is consolidating within an ascending triangle pattern and is currently facing rejection at the horizontal supply zone. The price is also trading within the Ichimoku Cloud, indicating indecision in the market. A decisive breakout or breakdown is needed to confirm the next directional move.
PYTH is consolidating within an ascending broadening wedge pattern and is currently trading above the support trendline. A potential bounce could occur if the price breaks above the 100MA, which is acting as a resistance.
However, the Ichimoku Cloud is signaling bearish momentum. A breakdown of the pattern could lead to further downward movement.
IDEX is attempting to break the resistance area but is facing heavy selling. We are waiting for a breakout above the resistance area for new entries. A daily candle close above this resistance area would be considered bullish.
#GMT moving within the large consolidation range, between the resistance area of $0.23 - $0.24 and Support at $0.10 - $0.11. Currently, price rejecting from the resistance and might dip to the support again.
LINK has reached the accumulation zone, and we may see sideways movement before the next move. You can build your position with proper risk management.
XVG has broken out of the descending triangle pattern and is currently retesting the breakout level. Both the 21MA and 50MA indicate bullish momentum, suggesting strong upward potential. A successful retest could confirm further upward movement.
ROSE is consolidating within a symmetrical triangle pattern and is currently trading near the middle of the formation after facing rejection at the resistance trendline.
The Ichimoku Cloud indicates bearish momentum at this stage. A decisive breakout or breakdown is needed to confirm the next directional move.
Price is finding support at the uptrend line. We may see a test of the resistance area, and let's see if it breaks above it or not. It’s better to wait for some time before making new entries.