🕯 Daily review of the cryptocurrency market The market wen | abbasinoman714 on Binance Square

Trending Articles

Bookmarked and Liked

--

🕯 Daily review of the cryptocurrency market
The market went into correction again. BTC has dropped to $66,600. ETH is trading below $3,400.
🔼 There are few growing assets: QNT +7%, AR +4%.
🔽 There are many more falling assets: LDO -15%, ENA -8%, STRK -7%, GNO -7%, TAO -6%, NOT -6%, BONK -6%, BOME -6%, UNI -6%, PEPE -5%.
$BTC 
$QNT 
$ENA 

Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.

442

0

Replies 0

Explore the latest crypto news

⚡️ Be a part of the latests discussions in crypto

💬 Interact with your favorite creators

👍 Enjoy content that interests you

Email / Phone number

Relevant Creator

@abbasinoman714

Explore More From Creator

Dogecoin holders will have to wait for a 36% increase for now Since August fourth, the major memcoin Dogecoin (DOGE) has been trading in a narrow range. Let's figure out when to wait for growth Many traders have been able to capitalize on Dogecoin's current range. However, prolonged sideways trading could delay the expected 36% rise in DOGE price towards the $0.13 resistance level. Dogecoin remains in a sideways trend Since August 4, the popular memcoin Dogecoin has been trading in a horizontal channel. Its upper boundary forms resistance at $0.10, while the lower boundary serves as support at $0.09. However, the last six weeks have seen an increase in buying volume. Thus, the Chaikin Money Flow (CMF) indicator has been in an uptrend since early September and is at 0.16, signaling an inflow of liquidity into the market. This metric measures the movements of cash flows in and out of an asset. Positive values indicate that buyers are investing capital to support price appreciation. In addition, the Parabolic Stop and Reverse (SAR) indicator points are below the token price at the time of writing. This is a signal that the uptrend is being maintained. This location of the points relative to the price is considered bullish and may encourage traders to buy or sell the asset. However, despite the growing bullish pressure, Dogecoin has yet to break its resistance since August 23 and is now moving towards the lower boundary of the channel. DOGE outlook: defense of support is key for bulls DOGE's attempts to break the lower boundary of the horizontal channel increase the risk of further price decline. If the bulls fail to defend this level, the beginning of the downtrend will be confirmed. In this case, the price may fall even lower, possibly to the low of August 5 at $0.08. However, if Dogecoin starts to rise, the bearish forecast will turn out to be wrong. In that case, the memcoin could rally 36% and reach the resistance level at $0.13. $DOGE

--

Hamster Kombat developers have named a snapshot date for airdrop Hamster Kombat team will make a snapshot of user accounts on September 20 at 21:00 (Kiev/MSK). This was reported in the Telegram-channel of the project. “The first season of the game is coming to an end. [...] But this is not the end. This is the beginning of something more!”, - stated in the publication. The developers noted that a snapshot is “a static copy of the data at a certain point, which will help build a proper evaluation model for airdrop distribution.” On September 17, the Hamster Kombat team unveiled an anti-chit strategy that resulted in some users receiving the “Cheating is Bad” achievement. “This is a reminder to you of the importance of doing things the right way. We want to protect hard-working players and community members, and give them a fair share of airdrop,” the developers said. The team called it “just the beginning of the journey” and announced “major updates” in the second season of the game. As a reminder, the Hamster Kombat airdrop is scheduled for September 26. Cryptocurrency exchanges Binance, OKX and Bybit announced the listing of the meme-token HMSTR. Earlier journalists learned about the corporate problems of Hamster Kombat.

--

Advantages and disadvantages of Tether USD Advantages: 🔵 Stability: Pegged to the US dollar, reducing the volatility typical of other cryptocurrencies. 🔵 Liquidity: Highly accessible on many exchanges and easily convertible. 🔵 Transfer convenience: Used for instant transfers without involving banks. Disadvantages: 🔵 Transparency: Criticism regarding insufficient transparency of reserves. 🔵 Regulatory risks: Possible legal issues due to stablecoin regulations. 🔵 Centralization: Managed by a private company, raising concerns about decentralization. $SOL

--

BNB may hit a high of $645.90 In recent days, Binance Coin has been moving sideways after a failed breakout attempt. Meanwhile, investors continue to open long positions on the cryptocurrency, expecting the price of BNB to rise soon Let's see how the technical picture of BNB looks like now and whether we should wait for the cryptocurrency to rally in the near term. Binance Coin in consolidation phase Between September 6 and September 12, BNB actively tried to overcome the long-term support level at $560. However, the breakthrough failed, so by the time of writing the cryptocurrency continues to move sideways. Meanwhile, the Chaykin indicator (CMF) reports that investor money is still flowing into BNB. The chart below shows that a bullish divergence has formed on the CMF chart. This means that the buying pressure on the asset is growing, but this growth is not reflected on the price yet. In addition, the positive ratio of long and short positions on BNB, which currently stands at 1.04, reflects the community's bullish bias towards the asset. Such values indicate that now more and more traders are opening long positions, expecting to benefit from the growth of the asset's price. Which five DePIN tokens are the best to invest in this September is told in a special feature. BNB forecast: breakout above $598 If BNB has enough strength to go from a sideways trend to an uptrend, the cryptocurrency will have a chance to rise above $560. Then the next important mark will be the resistance at $598, which was formed back in July. Since then, the token has tested this level three times, but all three times - unsuccessfully. If the breakout attempt succeeds this time, BNB will have a chance to rise to a three-month high of $645.90. However, if it fails, BNB risks a pullback to the support level at $468.90. This would cancel the bullish outlook. $BNB

--

Shiba Inu (SHIB) is approaching critical resistance Things are not going well for the popular memcoin Shiba Inu (SHIB). The cryptocurrency is now approaching an important resistance, from which it could roll back to $0.000010 Let's look into what's going on with Shiba Inu (SHIB) and what levels traders and investors should be watching for right now. Trouble is not letting up for Shiba Inu According to Glassnode, SHIB's network value to transaction (NVT) ratio spiked on September 14 and is still high. This ratio tracks the relationship between market price (or market capitalization) and transaction volume. Low values indicate that the asset is undervalued and may hint at a possible price increase, while high values signal that it is overvalued and may fall in value. The In/Out of Money Around Price (IOMAP) indicator also points to a possible fall in Shiba Inu. It shows price levels where holders have concentrated large amounts of the cryptocurrency. According to IntoTheBlock, SHIB faces strong resistance at $0.000014, where 10,780 addresses hold nearly 45 trillion tokens. This is more than the number of SHIBs between $0.000011 and $0.000013. This distribution of tokens signals that supply may exceed demand. Then the price of memcoin could fall to $0.000010. SHIB forecast: to break out of the “triangle” At the time of writing this analysis, SHIB is trading at $0.000013, having lost more than 4% in the last 24 hours. The next important resistance awaits the memcoin at $0.000014. Back in June, Shiba Inu has been moving within a descending triangle pattern. This pattern, formed by a descending upper trendline and horizontal support, usually indicates that sellers are in control and the price is likely to decline. In case of a fall below the base of the trianglea memcoin risks facing a ~20% correction, which would lower its price to $0.000010. Nevertheless, if SHIB breaks out of the triangle, the bearish thesis could be refuted. In that case, the price will get a chance to rise towards $0.000016. $SHIB

--

Latest News

USDC Treasury Issues Over 150 Million USDC on Ethereum

--

Bitcoin Wallet Activated After 11.4 Years With 16 BTC Worth Over $1.16 Million

--

OpenAI Introduces SIMPLEQA Benchmark To Assess Language Model Accuracy

--

MicroStrategy Reports Q3 2024 Financial Results, Increases BTC Holdings

--

Canary Capital Files For Spot Solana ETF Amid Growing Interest

--

Cookie Preferences

ba-one-trust-cookie