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koinmilyoner
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Bullish
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Based on the knowledge I have gained over the years about
#cryptocurrency
markets 💹, the next
#Bitcoin
bull cycle will probably occur in 3 months✨
#CryptoMarketMoves
#BullRun
#koinmilyoner
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Stablecoins Say Bitcoin Demand Is High: Will BTC Renew ATH? Recent Bitcoin price and demand measures show a market interest rebound that might lead to a new all-time high. Bitcoin has lately rebounded to over $70,000 following a period of resistance below this price. Bitcoin is now at $71,933 after a 5% rise in 24 hours. CryptoQuant analyst BinhDang noted in a recent QuickTake Platform article that stablecoin movements, a statistic used to evaluate market sentiment and Bitcoin buy-in, are contributing to this rise. Stablecoin SRO Shows Demand Rise BinhDang said that the Stablecoin Supply Ratio Oscillator (SSRO) had surpassed November 2022 levels, which were Bitcoin's lows. Since Bitcoin bottomed in November 2022, the 90-day and 200-day oscillators have witnessed comparable lows in Q3 2024. Notably, the SSRO tool tracks Bitcoin's demand compared to stablecoin supply by comparing Bitcoin's market size to USDT, USDC, BUSD, and others. The oscillator tracks stablecoin purchases into Bitcoin to indicate buying interest. The oscillator's low readings at Bitcoin's November 2022 low indicate that stablecoins are more likely to be converted into Bitcoin, boosting demand. Bitcoin has crossed $70,000, boosting investor optimism about further highs. New Bitcoin ATH Coming? BinhDang expects BTC to rise if demand remains constant and macroeconomic statistics or electoral insights support it. BIDang wrote: SSRO shows strong average quarterly data set (90d) needs, exceeding positive 2-points. If demand remains strong and early November announcements and news contain good macro and election statistics, the positive 3-points might be broken. In January 2023, October 2023, and February 2024, the SSRO rose beyond its positive three-point threshold, triggering powerful bullish cycles, according to the expert. While BTC's price has risen steadily, reaching roughly $72,000 today, so has its daily trading volume. #BinanceBlockchainWeek #BTCBreak71K #BTCETFDemandSurge $BTC
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The Knowledge of NULS: Engage to Earn The "Knowing NULS: Engage to Earn" session is about to begin, and NULS couldn't be more delighted! You are cordially invited to participate in this unique event, during which you will have the opportunity to explore our ecosystem, get experience with decentralized applications (dApps), and earn unique experience points. What you leave behind in the NULS ecosystem will, at some point in the future, be redeemed with the possibility of receiving $NULS rewards. The "Engage to Earn" session provides consumers with an all-encompassing trip across the ecosystem of NULS cryptocurrencies. Participants will gain points when they interact with goods that are part of the NULS ecosystem. These points will represent the participants' contributions and footprints within the NULS community. During the course of the event, we will distribute a number of activities; users will be able to score points by completing each work, and by participating consistently, they will be able to accrue ever more points. We will routinely post tasks in the NULS Space and disseminate updates across all of our social media platforms as part of the "Engage to Earn" campaign, which will be housed on the Nabox ID platform via which we will conduct the campaign. Today, we invite you to join us and explore our Space on Nabox ID. https://id.nabox.io/space/72674 #NULS #nabox $NULS
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DOGE Rockets Ahead: Will the Rally Hold? Dogecoin is up 20% and beyond $0.1650 vs the US Dollar. DOGE must break $0.1780 to rise. Above $0.1500 obstacle, DOGE price rose sharply. The price is above $0.1650 and the 100-hour SMA. The DOGE/USD hourly chart shows a bullish trend line with support around $0.1715. The price may climb if it breaks $0.1780 and $0.1800 barrier. Dogecoin Price Expects Growth Dogecoin surged beyond $0.1450 and $0.150 barrier. DOGE rose 20%, topping Bitcoin and Ethereum. Bulls pushed price over $0.1650 barrier. Price is holding gains after hitting $0.1796. It maintains advances above $0.1720. The hourly DOGE/USD chart shows a bullish trend line with support at $0.1715. The trend line is far above the 23.6% Fib retracement level of the $0.1275 swing low to $0.1794 high upward rise. Dogecoin is above $0.1650 and the 100-hourly SMA. Near $0.1765 is immediate upward resistance. Near $0.1780 is the next big resistance. A closing above $0.1780 might push pricing above $0.1800. More advances might push the price toward $0.1850. Bulls may halt at $0.2000 next. Does DOGE Support Dips? DOGE may fall again if it fails to get beyond $0.1780. The trend line and $0.1715 level provide first downward support. Near $0.1675 is the next important support. The major support is $0.1630. If the price breaks $0.1630, it might fall lower. The price may fall to $0.1500 or $0.1420 in the short term. Tech Indicators DOGE/USD hourly MACD is rising in the positive zone. Hourly RSI (Relative Strength Index): DOGE/USD is over 50. Major Support Levels: $0.1715, $0.1675. Key Resistance Levels: $0.1780, $0.1800. #DOGE #Dogecoin #BinanceBlockchainWeek $DOGE
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Near descending trendline, bullish breakthrough potential for Shiba Inu A break of Shiba Inu's declining trendline might herald a positive trend. SHIB's daily active addresses peak in October, suggesting more blockchain use. A daily candlestick closing below $0.0000155 would disprove bullishness. On Wednesday, Shiba Inu (SHIB) price is nearing the declining trendline. A breakthrough might signify a positive trend. SHIB's daily active addresses peaked in October, signaling more blockchain use and a possible rise. Price of Shiba Inu has potential On Friday, Shiba Inu price repeatedly challenged and found support around the 100-day Exponential Moving Average (EMA) around $0.0000168, climbing 14.5% till Tuesday. If it breaks above its falling trendline built by linking successive highs since March, bulls may benefit. Wednesday saw a modest drop to $0.0000190. SHIB might rise 28% to retest its June 5 high of $0.000026 if it breaks above the falling trendline and closes above $0.000020. The daily MACD indicator is poised to crossover bullishly. A purchase signal occurs when the MACD line (blue line) crosses the signal line (yellow line), indicating upward momentum. Bullish momentum is building as the daily chart's RSI rises above 59. At an average price of $0.000018, roughly 15,780 addresses held 414.9 trillion dog theme-based tokens, according to IntoTheBlock's IOMAP. These addresses purchased tokens between $0.000017 and $0.000018, a critical support zone. Technical analysis's 100-day EMA, $0.0000168, matches IOMAP's results, making it a crucial reversal area. SHIB also looks well in Santiment's Daily Active Addresses index, which analyzes network activity. Blockchain use increases as the measure rises, whereas dropping addresses indicate lesser demand. At SHIB, daily active addresses jumped from 3,398 on Monday to 5,175 on Wednesday, the most in October. This shows rising demand for Shiba Inu's blockchain, which bodes well for its price. #SHIB #Memecoins $SHIB
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As XRP’s Metrics Enhance Predictions, A Target Is Set
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