šSolana is a fast and efficient blockchain platform designed for the development and execution of decentralized applications (DApps). The platform aims to address the limitations of other blockchain platforms through innovative technologies.
šSolana offers high processing speed and low latency, making it ideal for real-time applications such as games, financial services, and other activities that require rapid and reliable information processing. The Solana ecosystem also includes a development environment for Solana-based tokens and financially related products.
šHow does Solana work? Solana is a unique blockchain platform characterized by the following aspects:
ā«High Speed: š¹Solana is designed to provide high transaction speeds, making it well-suited for applications that require fast processing. āŖEfficiency: š¹Solana utilizes advanced technologies like the Proof-of-History consensus algorithm to efficiently process transactions and manage blockchain growth. ā«Open Platform: š¹The Solana ecosystem is open to developers, allowing them to build new applications on the platform and expand Solana's capabilities. āŖStaking: š¹Solana allows users to stake SOL to participate in the network's validation process and earn rewards. ā«Decentralized Finance (DeFi) Applications: š¹ SOL can be used as collateral in DeFi applications, making it a significant player in the growing DeFi market. āŖInteroperability: š¹ Solana is designed to work with other blockchains, providing more opportunities for users to interact with other blockchains and expand Solana's functionality.
Thanks to its unique features, Solana is a standout platform for transactions, staking, and DeFi applications, positioning it as a significant player in the world of blockchain and cryptocurrency.
XRP Market Update: $2.30 Support Is Key To Break $2.50 Resistance
XRP is trading at $2.39, reflecting a 5.6% increase in the last 24 hours. Its market cap stands at $137 billion after overtaking tether (USDT) and returning to the position of the third-largest cryptocurrency. The intraday price range of XRP, whose 24-hour trading volume is $4.93 billion, varies between $2.25 - $2.43. XRP
On the one-hour chart of XRP, the recent rally has entered a consolidation phase near $2.39 after peaking at $2,437. Currently, oscillators such as the relative strength index (RSI) 55.81 and the Stochastic oscillator 66.48 indicate neutral sentiment, while bearish signals emerge from the momentum indicator 0.06014 and the moving average convergence divergence (MACD) 0.05641.
Conversely, the moving averages (MAs) exhibit bullish support, with the 10-period and 20-period exponential averages (EMAs) located at $2,336 and $2,304 respectively. By taking positions around $2.35, traders can target resistance levels between $2.43 and $2.45.
The closer 15-minute chart shows increased intraday volatility facing selling pressure following a break above $2.33 to reach $2,437. Neutral indicators such as the commodity channel index (CCI) at 70.95 and the formidable oscillator at 0.02629 highlight limited momentum, while the average directional index (ADX) at 14.81 confirms a weak trend. Bullish signals emerge from the 10-period simple moving average (SMA) at $2,373 and the EMA at $2,336, which provide support for short-term trades .
On the daily chart, XRP remains in a bear trend marked by lower tops and bottoms, although the recent stabilization near $2.30 signals a potential recovery. Neutral readings from the stochastic oscillator and RSI are in line with cautious signals from the MACD and momentum indicators. However, the moving averages offer hopes of a potential recovery with the 200-period EMA at $1,243 and the 50-period SMA at $2,216.
The four-hour chart highlights higher lows and a rebound from $2.20, which marks the short-term bull trend. Oscillator readings from the ADX at 14.81 and the CCI at 70.95 indicate weak momentum, while the 30-period EMA at $2.246 and the 20-period SMA at $2.281 project continued strength. While resistance between $2.45 and $2.47 remains a critical threshold, a significant breakout could open avenues for further gains.
XRP's market performance on Saturday reflects a dynamic dance between bullish cues from moving averages (MAs) and cautious signals brought by some oscillators. Observed on different time frames, these trends create opportunities for short-term scalping and medium-term swing strategies, with key levels around $2.30 and $2.45 framing the current trading environment of XRP. Bullish :
XRP's price action displays promising upward momentum with key moving averages providing solid support across time frames. The potential for a break above critical resistance levels between $2.45 and $2.47 could make it an attractive option for both short-term and medium-term investors. If the bullish sentiment continues to prevail, XRP could target resistance areas around $2.60, offering a positive outlook for momentum-focused investors.
Bearish Although XRP is exhibiting some pockets of strength, bearish trends from key indicators such as MACD and momentum signals suggest caution. The current bear structure on the daily chart, marked by lower tops and bottoms, combined with weak trend strength on short-term time frames, raises concerns about the sustainability of upward moves. Failure to sustain support near $2.30 could lead XRP to retest lower levels and signal a broader pullback for cautious investors. #BinanceSquareTurkey #binancesquare #BinanceSquareWritingContest #Write2Earn
#hive hive this mark is the target shouted publicly throughout the whole process by Hunter Brother, and those who keep up with the rhythm are likely to experience at least a 20%+ fluctuation! So, itās quite ridiculous and unfortunate that you spent money on some useless membership and were led to a margin call by a rookie teacher! Hunter Brother offers this for free! So, quickly stay away from those who only show private domain screenshots and seem to make money every day but have hardly ever shared their technical logic analysis in advance! In fact, behind any trading result lies a lot of technical logical deduction and analysis. If you only see the winning results shared by the teachers but have never seen their problem-solving ideas shared in the square, there's a high probability that they are scams with fake strategies because they get exposed! Alright, back to normal, hive accurately reached the third target profit-taking exit near 0.4690 given by Hunter Brother on Thursday, followed by a strong rebound. Currently, it seems that the bullish trend of hive is not over yet, and Hunter Brother does not recommend going short. Of course, Hunter Brother will continue to monitor hive, looking forward to the next wave being the precise hunting of the main bearish trend of hive at the 4-hour level. Hunter Brother is likely to shout out publicly again to release some benefits for the brothers! āāčæä½£
A comprehensive guide to professional terminology in the cryptocurrency circle, essential for newcomers! The cryptocurrency circle, a community naturally formed by digital currency players, requires newcomers to understand and master some professional terminology as a necessary skill to enter this field. Below are some common professional terms in the cryptocurrency circle and their explanations to help newcomers better understand and integrate into this community. 1. Basic Terminology 1. Position: Refers to the ratio of an investor's actual investment to the actual investment capital. 2. Full Position: Buying virtual currency with all funds. 3. Reducing Position: Selling part of the virtual currency. 4. Liquidation: Selling all virtual currency.
I made a profit. This coin fell below 0.6, which was too much. I didnāt have time to cover my position. Happiness came too suddenly. This market is anti-human.
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
After the release of the non-farm report, Bitcoin fell from $95,000 to $92,000. Goldman Sachs expects the Fed to cut interest rates by a total of 50 basis points this year, and will cut interest rates by 25 basis points at the June and December policy meetings respectively. The previous forecast was 75 basis points.
Since setting a new all-time high, Bitcoin prices have been under tremendous selling pressure.
The first support level to watch is around $92,000. If it falls below this level, it may fall further to $87,000, which is where Bitcoin bulls are looking for an entry point below the flag pattern that previously pushed the cryptocurrency to a new all-time high.
However, if BTC closes below this level, it will open a downward channel to around $74,000, and long-term investors may consider entering near this area. Such a decline will represent a correction of about 20% from the current price.
If the bulls return, they may try to hit the psychological barrier of $100,000 again, and then retest the important $106,000 level. Traders who bought into the recent pullback may be able to lock in profits around this level.
Bitcoin has seen a bullish divergence at the bottom of the range support at $91,000, suggesting a possible rebound in the coming weeks.
In the short term, the inflation data (including PPI and CPI) to be released next week will have an important impact on the Fed's policy expectations and may further influence the trend of risk assets such as Bitcoin.
Follow me to bring you the latest information and consultation in the cryptocurrency circle.
May we all be those who reap the rewards after hardship
Live the way we want to be. ā āāā $BTC $ETH $SOL #éåę°ę®å¤§å¹ č¶ åŗé¢ę #AIXBTćCGPTćCOOKIEå°äøēŗæåøå® #AIę¦åæµåøå¼ŗåæåå¼¹ #ęÆē¹åøä»·ę ¼čµ°åæåę #å åÆåøåŗåč°
In 10 days, the trend of crypto market may be clear
In the next 10 days, the trend of cryptocurrency market may usher in a key turning point. Although the recent market sentiment remains sluggish and investor confidence is slightly weak, there are many signs that the crypto market is expected to usher in a round of recovery in 2025.
Industry insiders revealed that the cryptocurrency industry is actively lobbying the US government to ask the Trump administration to issue an executive order within 100 days of taking office to establish a US Bitcoin reserve. The move aims to ensure that the crypto industry has access to banking services and plans to establish a dedicated cryptocurrency advisory committee.
On the other hand, the fundamentals of the crypto market remain strong. Despite the overall market downturn, the net outflow trend of centralized exchanges (CEX) continues. More and more investors choose to hold assets for the long term rather than panic selling due to short-term price fluctuations. These behaviors reflect that investors are positive about the long-term development of cryptocurrencies and expect the market to recover after a short-term adjustment.
In addition, the regulatory environment for altcoins is expected to improve in 2025. In 2025, altcoins will benefit from changes in the regulatory environment for cryptocurrencies, especially the SEC's possible relaxation of regulatory pressure on altcoins, which will provide a more relaxed policy environment for the launch of more crypto projects.
In summary, although the current market environment is relatively difficult, with the gradual implementation of policy support and the recovery of investor confidence, the cryptocurrency market in 2025 is expected to gradually recover and may usher in a new peak of development.
I am Shaohua, follow me and bring you more information and consultation in the cryptocurrency circle.
BTC 4-hour Head and Shoulders Bottom Pattern, profit from short-term trading using the head and shoulders bottom pattern: 1. Price retraces to the right shoulder support level around 92500ļ½92686 to enter long positions; 2. Increase positions near the bottom pattern around 91200 to break even;
The above analysis is for your reference only, please fasten your seatbelt and set your stop loss when entering the marketā ļøā ļø#BTC
Crypto analysis helps investors make informed decisions in the volatile cryptocurrency market. Hereās a quick guide:
1. Types of Analysis
ā¢ Fundamental Analysis (FA): Focus on project utility, team strength, tokenomics, and adoption. ā¢ Technical Analysis (TA): Use charts, indicators (RSI, MACD), and patterns to predict price movements.
2. Key Price Factors
ā¢ Market Sentiment: News and events drive volatility. ā¢ Regulation: Laws in key markets can influence prices. ā¢ Adoption: Growing use cases boost value. ā¢ Whale Activity: Big transactions impact market trends.
Let's take a look at the current market situation. Today is Saturday, liquidity is low, Bitcoin's fluctuations are not significant, and there is not much volume. The data released last night was also bearish, causing a sharp drop, but it rebounded. Currently, there are no major bearish news that should lead to a significant drop in Bitcoin. The support around 92,000 is where it has fallen five times before, and there is quite a bit of bottom-fishing capital, so as long as Bitcoin doesn't break 92,000, it is safe. The current market is quite sluggish, and retail investors are experiencing significant panic. Various bearish news is coupled with the fact that Bitcoin is still above 94,000, which indicates that institutions are creating panic to scare off retail investors from entering to bottom-fish. Therefore, Bitcoin is unlikely to have a large drop moving forward.
Yesterday, Bitcoin ETF saw a net outflow of 149 million USD, and Ethereum had an outflow of 68 million USD. Currently, we can only wait for Trump to take office. On the 20th, when Trump takes office, there might be a large rebound in the market, but before the big market in February, there is likely to be another wave of selling. Once we get through the Spring Festival, we will see the spring. Ethereum's performance is still not very impressive, and we have to wait for the Ethereum upgrade in February-March to create some hype for a price increase. The future performance of Ethereum will definitely outperform Bitcoin, so let's be patient.
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