#1000LUNCUSDT ON RETESTING ITS SUPPORT AREA AFTER LIQUIDI | Mr_Tycoon23 on Binance Square

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Bullish

#1000LUNCUSDT 
ON RETESTING ITS SUPPORT AREA
AFTER LIQUIDITY SWEEPED 
ENTRY:0.07698
TARGET1: 0.07931
TARGET2: 0.08188
SL:0.07428
NO BUY/SELL RECCO

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*Why is Solana (SOL) price down today?* SOL price is down today as a pronounced decline in onchain and economic activity leads to a drop in Solana network use. SOL $175.17 is down 3% on Oct. 31, amid minor corrections across the broader crypto market. The largest daily losses were witnessed by holders of Gigachad (GIGA) and Goatsues Maximus (GOAT), which are down 8.7% and 7% on the day. Additional data from CoinMarketCap reveals that the overall market capitalization of all Solana-based tokens has dropped from $277.9 billion on Oct. 31 to $275.2 on Oct. 31. The total trading volume has also dropped by 25.7% over the same period. SOL’s bearish divergence SOL’s drop today precedes a period of growing bearish divergence between its price and the relative strength index (RSI). Notably, SOL’s price rose between Oct. 24 and Oct. 29, forming higher highs. But, in the same period, its daily RSI descended, forming lower highs. As a rule of technical analysis, a divergence between rising prices and a falling RSI indicates weakness in the prevailing uptrend, prompting traders to sell more at local highs. The rise in the price also led to overbought conditions on Oct. 24 when the RSI hit 72, occasioning a correction as buyer exhaustion and profit-booking set in. $SOL #BinanceBlockchainWeek

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*CARDANO CALL GIVEN ON SUNDAY GU* YS !! It moves 10% from entry level !!🤩*CARDANO CALL GIVEN ON SUNDAY GU* YS !! It moves 10% from entry level !!🤩 For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40. If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense. For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40. If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense. The 9-day SMA near $0.3451 acts as support, reinforcing stability. As of October 31, 2024, Cardano (ADA) is showing mixed signals in the ADA/USDT trading pair. Currently priced around $0.33, ADA is experiencing resistance just above $0.34, with support levels ranging between $0.32 and $0.335. Technical indicators are showing mostly "buy" signals, particularly in moving averages, indicating a possible near-term upward trend. However, the Relative Strength Index (RSI) is in a neutral zone, and the Stochastic RSI is overbought, suggesting caution for traders seeking immediate gains. Key support levels could be crucial if the price dips, but if ADA holds steady above its 20-day moving average, it might retest recent highs. $ADA #16thBTCWhitePaperAnniv #USJobOpeningsDip

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*TONUSDT MARKET OVERVIEW*👀👀 Launched in 2018, this Layer-1, Ethereum-based altcoin plays a vital role in the crypto space. Toncoin gained significant attention from investors after the investment of Pantera Capital, a leading hedge fund and venture capital located in the USA. The Toncoin has jumped approximately 123.26% this year alone, resulting in it securing a spot in the top 10 cryptocurrencies by market cap. However, with the arrest of Pavel Durov, CEO of Telegram, the TON price has taken a significant hit. Toncoin (TON) price is currently trading at $4.93, down 2.39% with a decrease of 27.16% in intraday trading volume. The price has been trending downward, with the 9-day SMA acting as a resistance level. The RSI of 38.99 suggests that the asset is nearing oversold territory, which could signal a potential bounce if buying momentum increases. However, the bearish sentiment may continue if the broader market remains weak. For November, if Toncoin fails to break above the $5.00 resistance, further declines toward the $4.50 support are likely, though a rebound to $5.50 could occur if momentum shifts. $TON #BinanceBlockchainWeek

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CORE/USDT trading pair represents the value of the Core DAO (CORE) token against Tether (USDT), a stablecoin pegged to the US dollar. CORE, a relatively new asset in the crypto space, aims to bring decentralized finance (DeFi) to the next level by focusing on scalability, security, and governance. When analyzing CORE/USDT, it’s essential to consider several technical and fundamental aspects to make informed trading decisions. *From a technical perspective* Recent price movements show that CORE/USDT has experienced significant volatility, typical for emerging tokens. Traders should monitor key indicators such as the Relative Strength Index (RSI) to gauge overbought or oversold conditions. Additionally, support and resistance levels around recent highs and lows provide potential entry and exit points. Moving averages, particularly the 50-day and 200-day lines, can offer insight into the broader trend. Fundamentally, Core DAO's mission and development updates could impact CORE’s value. Its adoption rate in the DeFi ecosystem and potential partnerships are also significant. However, external factors like regulatory news and market sentiment towards DeFi tokens can affect prices, as DeFi remains a high-risk, high-reward sector. Overall, risk management is crucial when trading CORE/USDT, especially given its volatility and the broader uncertainties in the crypto market. #BTCBreak71K #BinanceBlockchainWeek

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Pendle (PENDLE/USDT) is trading at approximately 4.92 USDT, showing slight gains over the past 24 hours after hitting a low of 4.38 and a high of 4.97. This stability follows a monthly trend where Pendle has risen over 13%, and it’s up substantially year-to-date. Technically, indicators are mostly neutral, with some signaling a short-term bullish outlook supported by strong buy signals on longer time frames, suggesting potential for continued upward movement. Pendle’s unique value in DeFi lies in its approach to tokenizing future yield, allowing for flexible management of yield-bearing assets. The protocol is supported by an active community and ongoing partnerships, which bolster liquidity and utility. However, given Pendle’s historical volatility, investors should remain cautious, particularly with the broader crypto market’s unpredictable swings. For those actively trading, Pendle remains available on major exchanges like Binance, which shows solid trading volume and liquidity for this token, underscoring its current popularity among traders and investors alike. Always consider your risk tolerance before making any moves, especially in a volatile market. $PENDLE #BTCBreak71K

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