#📤 Third Post: BAT ready to march 💰💰💥 On the daily char

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DESCENDING TRIANGLE BREAKOUT 🚀🚀 After a few retests NEAR has finally broken again its crucial resistance level of $7. But this time we could witness a massive pump. And here's how 🎯 📈 For almost a couple of weeks, Near has been tested at $7 level and even gave a close above this level on the daily time frame (Image). After dropping from the high of $9 in the last swing it has been forming lower highs and took support in the $6-6.25 zone with strong support at $6. 📈 Now the formation of a descending triangle with the highs getting lower and forming a strong support often tends to push the price higher during breakouts and massive surge can be seen when it breaks the descending trendline. 📈 With the current situation, it doesn't seem to me a fakeout because the trendline had its fair share of tests and the support has been strong at $6 as well. So, the resistances of $8 & $9 respectively can be easily breached this time and $10 will be the next resistance level to watch out for as we might see some hustle around here. 📈 If it turns out to be a fakeout, then $6 will be tested again followed by $5. Please#DYORAlways before taking any trading decisions. This is my personal opinion after doing the chart analysis. Sharing is caring. So please share such posts as much as possible and please like, share your feedback in the comments and follow me. This is the least I ask for from my beloved audience 🙏 #Write2Earn‬ #BullorBear #BinanceLaunchpool #NEAR $NEAR

A WHOPPING 1 TRILLION VALUATION 💰💰 A recent VanEck Report Unveils How Can Layer 2 Ethereum Reach A 1 Trillion Valuation. 🚀🚀 🪙 In a groundbreaking revelation, VanEck, a prestigious financial institution based in New York, has recently published a report shedding light on the remarkable potential of Ethereum’s layer-2 (L2) solutions. According to this report, Eth’s L2 solutions hold the promise of reaching a staggering $1 trillion valuation by the year 2030. 📢 Led by analyst Matthew Sigel, the report delves into the advanced technologies driving this exponential growth, particularly focusing on zero-knowledge roll-ups (ZKUs) and optimistic roll-ups (ORUs). These technologies aim to surmount the transaction limitations faced by Ethereum’s primary blockchain, paving the way for enhanced scalability without compromising on security and decentralization. 🎯 A key aspect contributing to the success of Eth’s L2 solutions lies in the development of a vibrant ecosystem, complemented by strategic airdrops that have garnered significant attention from the crypto community. Data from DefiLlama underscores this success, revealing Arbitrum’s position as the fifth-ranked protocol in terms of total value locked (TVL), boasting a substantial $3.18 billion, closely followed by Blast and Optimism. 🎯 Of particular significance is the report’s emphasis on EIP-4844 enhancement, introducing “Blob Space” to mitigate the costs associated with data posting on Ethereum. This cost reduction not only bolsters the financial viability of L2 operations but also augments their profit margins significantly. The future of Layer 2 Ethereum in the crypto industry appears bright and promising. As more innovations and developments continue to unfold, it is likely that Eth’s L2 solutions will play an increasingly pivotal role in enhancing scalability, security, and usability within the blockchain ecosystem. #Write2Earn‬ #Ethereum✅ #APT #BinanceLaunchpool #BullorBear $ETH

🚨🚨🚨 HALVING ALERT !!! 🚨🚨🚨 Bitcoin’s Current 18% Retrace Is Right on Schedule and Is Actually A Good News: Here’s Why 🤳 🎯 #BTC is in the first phase of its halving and is on track with analysts’ predictions, crypto trader and analyst Rekt Capital has revealed. According to a tweet, Bitcoin’s 18% retrace in the past weeks was expected, as similar slumps occurred before the 2nd & 3rd halvings. This indicates that BTC would repeat many of the incidents witnessed in past events, including the post-halving surge that would propel the asset to new highs. 📢 Bitcoin Is Right on Schedule The three phases of the BTC halving are the final pre-halving retrace, the re-accumulation, and the parabolic uptrend. The first stage usually occurs 28 to 14 days before the event and can last for weeks. The second phase comes after the retrace has bottomed and can last up to five months, while the third can last for more than a year. During the halving in 2016, the retrace was 38% and spanned over four days. In 2020, it was 20% deep and lasted eight weeks. With BTC roughly 13 days from the halving, the asset has declined approximately 18% over the past three weeks. Rekt Capital noted that this cycle has exhibited some qualities from both the 2016 & 2020 halvings and, as a result, may repeat pieces of their pre-halving price tendencies. 📢 The Onset of the Re-Accumulation Phase On-chain metrics suggest that BTC may be at the onset of the re-accumulation phase. With resistance level at $70K, Rekt Capital says the market may have established the high re-accumulation range. Since re-accumulation comes after the retrace has bottomed, it is also possible that the pre-halving bottom is in. The goal now, according to Rekt Capital, is for BTC to move sideways up until the halving and beyond. Notably, this is the first time the re-accumulation range is developing around the new all-time high area. This may shorten the duration of the phase and cause the range to take the shape of the regular sideways move the market has seen so far. $BTC

Solana-based meme coin team suspected of nearly $1m rug pull 🕵🏻‍♂️

GET SOME ETHEREUM BEFORE IT'S TOO LATE 🤷🏻‍♂️ Mike Novogratz's Galaxy Digital's 6,000 ETH Purchase Signals Institutional Interest 📈 🎯 In a bold move that has caught the attention of the cryptocurrency market, Michael Novogratz’s Galaxy Digital Holdings has made a significant purchase of 6,000 ETH worth $19.8 million. This acquisition comes amid a backdrop of increasing institutional interest in Ethereum, indicating a growing recognition of its potential. The purchase also comes at a time when Ethereum's price has experienced a notable drop, a factor that did not deter the investment firm from capitalizing on the opportunity. 💸 📢 Besides Galaxy Digital, Asia-based blockchain-focused venture capital firm Fenbushi Capital has also snapped up a sizable quantity of ETH: 5,207.4 ETH worth $17.2 million. According to Lookonchain, Fenbushi Capital and Galaxy Digital withdrew ETH from Binance after the market fell. Fenbushi Capital withdrew 5,207.4 ETH worth $17.2 million, and Galaxy Digital withdrew 6,000 ETH worth $19.8 million a few hours later. 📢 Both acquisitions occur at a time when Ethereum, the second-largest cryptocurrency by market value, has seen volatility due to macroeconomic uncertainty and regulatory developments. Ethereum declined for two days in a row to begin the new month and quarter as the U.S. dollar unexpectedly strengthened. 📰 Despite ETH's present price action, Galaxy Digital's decision to accumulate Ethereum now might suggest a long-term strategy that looks beyond current market swings. This strategy appears to be paying off as, according to recent reports, Galaxy Digital turned a profit, with its shares up about 39% this year after nearly tripling in 2023. Sharing is caring. So please share such posts as much as possible and please like, share your feedback in the comments and follow me. This is the least I ask for from my beloved audience 🙏 #Write2Earn‬ #Ethereum✅ #BTC #BullorBear #BinanceLaunchpool $ETH

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