Once again, that’s why you wait for confirmation. Bitcoin. | Ben Walther on Binance Square

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Once again, that’s why you wait for confirmation.
Bitcoin.
Let’s see what happens when the U.S. markets open. 
$BTC 

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LINK — Approaching a Critical Moment Chainlink (LINK) is again about to challenge the upper boundary of its descending channel. This barrier has been in place for most of 2024. Each time LINK tested this upper trendline, it faced rejection. However, the pressure is building for a potential breakout. Key Technical Points To Watch Descending Channel: LINK has been stuck in a descending channel, continuously forming lower highs and lower lows. Resistance: A breakout above the descending channel marks the first and most crucial step. However, LINK still faces multiple resistance levels on its journey higher. As a first challenge, LINK has to break past the $12–$14 zone, which has acted as strong resistance in the past. Mid-Term Target After A Successful Break Out Breaking out of the descending channel should ignite a massive upward move. The mid-term target for this breakout is around $28, representing a substantial rally from current levels. Intermediate Resistances On the way to $28, LINK will need to clear several hurdles: The $14 resistance level (historical rejection zone)Given previous price action, the $16–$18 range could be a barrier. What Else You Need To Know? - Watch the Volume: A breakout without a significant volume increase may lead to a false breakout. - Market Sentiment: Logically, the broader crypto market sentiment will also play a crucial role in LINK’s performance. If Bitcoin and Ethereum continue showing strength, it could provide the tailwinds needed for LINK to make a decisive move. $LINK

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What If? Every now and then, I see posts like "Can Solana flip Ethereum?" So, I did the math. Based on Ethereum's current market cap, Solana's price must pump 350% to flip ETH. This would result in a SOL price of $625. Of course, this is only hypothetical and assumes that Ethereum remains at the same level, which is highly unlikely. Nevertheless, the calculation shows the massive gap between the two tokens. Market cap-wise, Solana would have to add $230b. $SOL $ETH

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Top 5 Losers — 13th September 2024 Here are the top losers of the last 24 hours: • VIDT DAO (VIDT): -7% • Sun (SUN): -6% • Worldcoin (WLD): -5% • BinaryX (BNX): -4% • VITE (VITE): -4% $VIDT $SUN $WLD $BNX $VITE

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MEW — Testing Key Resistance Within a Wedge MEW has been trading within a descending wedge pattern, which typically signals a potential reversal once broken. Currently, MEW is approaching a critical resistance level at $0.0048, which has repeatedly acted as a rejection point. 1️⃣ Key Technical Points • Wedge Formation: MEW consolidates within a descending wedge, gradually tightening its range. • $0.0048 Resistance: The $0.0048 level remains a crucial barrier. MEW has tested this level multiple times without breaking through. • If MEW can decisively clear this resistance, the next move could target the upper trendline of the wedge, around the $0.0055–$0.0060 range. 2️⃣ Potential Breakout A more significant rally could ensue if MEW breaks above the upper trendline. The next target is likely to be around $0.007 and potentially higher. 3️⃣ Risk of Rejection If MEW fails to break the $0.0048 resistance, we could see another pullback toward the wedge's lower range or continued consolidation within this tight structure. 4️⃣ Summarized MEW is currently trading at a critical juncture. The $0.0048 resistance is the fundamental level to watch in the short term. If it breaks, MEW could rally toward the upper trendline and beyond, potentially targeting $0.007. However, caution is advised if it fails to clear this level, as another rejection could lead to further consolidation or a retest of lower levels within the wedge.

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