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📊 Cardano Price: Technical Pattern Repeating 10 Times Signals a Bullish Move To The Moon Altcoins are striving to recover losses and maintain their position as investors assess the current state of the market. Cardano’s ADA, currently ranked 10th, has declined by 2% in the past 24 hours and 3% over the last seven days. Analyst Crypto Capital Venture discussed a consistent pattern in Cardano’s (ADA) price movements, focusing on the 20-week moving average. Historically, whenever ADA enters the oversold territory on the stock RSI (a momentum indicator), it eventually moves up. This pattern has occurred around ten times, signaling major price movements each time. ADA is currently in the oversold territory again. If history repeats, it might soon test the 20WMA around $0.52. Breaking above this level could indicate the start of a new bullish cycle for ADA, similar to past cycles. 🔸 Short-Term Price Analysis: On the daily chart, there’s a potential bullish divergence on the RSI (Relative Strength Index), a momentum oscillator. This suggests that even though the price has been dropping, the momentum might be slowing down, indicating a potential bounce. He compared current price movements to past patterns and noted similarities, suggesting we might see a similar structure and bottoming out soon. However, some sideways or downward movement could still occur before a significant upward move. 🔸 Critical Resistance Range: For a bullish scenario, ADA needs to break above key moving averages: the 20-day around $0.41 and the 50-day around $0.44. The crucial range to watch is $0.45 to $0.48 for a bullish confirmation. On the weekly chart, ADA needs to get above $0.53 to indicate a strong bull market. There might still be some downward or sideways movement before a clear bullish trend emerges. If ADA can break above and maintain support at the key levels mentioned, it could signal the start of a significant upward trend. $ADA #ADA #Cardano
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🔥 Solana ETF Proposal Filed by VanEck New York-based investment firm VanEck has filed a proposal to launch a spot Solana exchange-traded fund (ETF). This comes after the U.S. Securities and Exchange Commission (SEC) greenlit Bitcoin ETFs in January. The regulator is also on track to complete the approval of several spot Ethereum ETFs. Following the SEC’s U-turn on Ethereum, several analysts suggested that ETF issuers could push for more altcoin ETF. As reported by U.Today, Ripple CEO Brad Garlinghouse predicted that the approval of multiple altcoin ETFs, including a Solana-based one, was inevitable. The Solana price is up 8% over the past 24 hours. $SOL #SOL #Solana
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🚀 SWGT Token's Remarkable +3,761.50% Growth After Exchange Listing On June 26, 2024 SmartWorld Global Token ($SWGT) was officially listed on major exchanges: MEXC, Bitmart, Lbank. Within the first few hours, $SWGT experienced a significant surge of +3,761.50% on each exchange. Today, another listing was announced on Bitget, one of the top 12 exchanges according to CoinMarketCap, which is expected to positively impact buying pressure and, consequently, the price. Yesterday, June 26, at 1 PM UTC, trading of SWGT/USDT has started on multiple exchanges, resulting in a substantial price increase for the SWGT token. The utility token has increased 40-x, demonstrating high demand and ensuring mass adoption. Tokens allocated during seed, private, pre-sale, and public rounds are subject to a cliff period of 1-2 months, followed by monthly vesting over 2-30 months. This indicates healthy tokenomics and low selling pressure. 🔸 As per the project’s listing roadmap, SWGT is scheduled to be listed on two additional exchanges in July. In Q3 2024, SmartWorld Global plans to launch its first "for work" project: a Decentralized Work Marketplace with zero commissions. Following the product launch, SWGT will be listed on two additional Tier-1 CEXs. By the year's end, SWGT tokens will be tradable on more than 6 exchanges. Previously, SWGT has completed 3 phases of the pre-sale scoring nearly 8,000 early investors. Since the launch SWGT has gained strong community with over 90,000 followers across various platforms actively participating in the token sale. 🌐 For more details on how to purchase SWGT, visit the official website: https://account.swg.io ✅ Marketing #SWGTTOKEN #SWGT
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🤯 Cryptocurrency Market Faces Fluctuations The king of cryptocurrencies continues to experience fluctuations, with the price at $60,800 at the time of writing. Altcoins have turned red again, and we have published articles about the reasons for this in the past few hours. You can review them. So, what are the predictions for Solana, Chiliz, and CEEK Coin? 🔸 How Much Will Solana Be? SOL Coin is trading at $136 at the time of writing, continuing the day with a 1.27% drop. BTC has retreated to the $60,700 support. If $60,400 is lost here, we could face a new wave of selling down to $58,500. So, what dollar value can be targeted for SOL Coin? Despite the wicks testing the $122.5 support, the price has managed to recover from here many times. After the last drop, SOL Coin did the same again, but BTC has turned downwards again for a few hours. We may see new attempts in the $141 and $158 range in a positive scenario. However, if the selling continues and the support is lost, the drop could continue to $107 and $98 levels. 🔸 Chiliz (CHZ) Price Prediction It was among the altcoins that diverged positively for a long time, but with BTC’s price losses, CHZ Coin also turned downwards. The price, which fell below the $0.084 parallel channel resistance, returned to the channel we expected to escape from for months. If the decline continues, the parallel channel bottom at $0.058 could be tested. Below that, $0.05 and lower dips will be targeted. The point that needs to be protected to prevent the intensification of sales is the parallel channel middle area at $0.071. If the bulls can protect this level, they can avoid dips below $0.05. On the other hand, although the current price area is a reasonable region for a bounce, BTC does not seem to trigger the desired level of risk appetite for now. Since no major developments are expected for CHZ Coin in the short term, it may be necessary to be convinced that the positive divergence story is behind for a while. CEEK Coin Chart Analysis #SOL #CHZ $CHZ $SOL
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📊 Internet Computer (ICP) Price Analysis: Slow Rebound From Six-Month Low Internet Computer (ICP) price is at a six-month low at the moment as the broader market bearish cues took the altcoin down. While the potential for recovery is visible, the heavy bearishness experienced by ICP could hinder it. 🔸 Internet Computer Witnesses Mixed Signals ICP price is currently showing signs of potential upward momentum. This comes from the Moving Average Convergence Divergence (MACD) indicator, which is primed for a bullish crossover. MACD (Moving Average Convergence Divergence) is a technical analysis indicator that shows the relationship between two moving averages of a security’s price. It helps identify trend changes and potential buy or sell signals. Such a development, expected for the first time in three weeks, typically sparks renewed optimism among traders and investors alike. This bullish signal on the MACD suggests a potential shift towards positive price action. It could potentially attract buying interest and reinvigorate market sentiment surrounding ICP. However, despite this encouraging MACD signal, ICP continues to face significant challenges. This can be seen in the Average Directional Index (ADX), which points to a strong downtrend. The ADX measures the strength of a trend, and generally, values above the threshold of 25.0 suggest a strong active trend. Its current reading of 48.8 suggests that the prevailing downtrend in ICP’s price is robust. 🔸ICP Price Prediction: A Recovery Before Recovery ICP price trading at $8.2 just bounced off the support at $7.6 support level and is attempting to breach $8.5. If this barrier is broken, the altcoin could have a shot at rising further. However, in order to initiate a solid recovery rally, the crypto asset would need to reach $10.8 first. Positive cues could support the altcoin’s rise once $10.8 is flipped into support. However, countering signals could keep it under $9.8, a resistance tested multiple times in the past, which might delay any potential recovery. #ICP
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