🚨Breaking News: Bitwise has launched a Solana staking ETP in Europe under the ticker BSOL. This investment product offers stakers an annual yield (APY) of 6.48% by participating in the Solana network. $SOL
Bitcoin (BTC) has recently achieved a new all-time high (ATH). This milestone was reached on December 17, 2024, at 3:02 PM, when Bitcoin's price peaked at $108,135. This achievement is attributed to increased interest in Bitcoin as a strategic reserve asset, leading to significant inflows into spot Bitcoin ETFs. Notably, Bitcoin's network hash rate has also reached an all-time high, indicating robust network security and miner confidence. Prominent Bitcoin advocate Michael Saylor responded to this milestone with enthusiasm, tweeting, "I will see you on the moon #Bitcoin." Please remember that cryptocurrency markets are highly volatile, and it's essential to conduct thorough research and consider your financial situation before making any investment decisions.
Hedera (HBAR) Price on the Verge of 50% Spike, One Key Resistance Left
The crypto analyst WorldOfCharts1 has identified a technical setup for Hedera (HBAR), suggesting an imminent breakout that could send the price soaring by up to 50%.
Analyzing the HBAR/USDT 4-hour chart from Binance, the expert highlights a textbook bullish pennant formation that’s approaching its completion point.
The current chart structure shows HBAR consolidating within a pennant pattern after a strong upward movement. The flagpole component of this formation measures approximately $0.16 in height, representing a 54.45% move.
With the price currently compressed between converging trendlines, the setup indicates a critical juncture at the $0.29-$0.30 resistance level.
Target Zones and Confirmation Signals
Based on World of Charts technical projections, a successful breakout above the upper trendline could propel HBAR toward the $0.45-$0.50 range.
This target zone is calculated by adding the flagpole height to the breakout point, suggesting a potential 50% surge from current levels. The analyst emphasizes the importance of volume confirmation during the breakout phase to validate the movement.
Read Also: Monero (XMR) Price Breaks Key Resistance: What Next?
While the setup appears promising, traders should note the possibility of a failed breakout scenario. A rejection at the upper trendline could trigger a retracement toward the $0.26 support level.
The current price action suggests maintaining a close watch on the $0.29-$0.30 resistance zone, as its breach could catalyze the projected upward movement.
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Bitcoin dominance is forming an ascending triangle on the 4-hour timeframe and is currently facing strong resistance at the top. 📊 A solid rejection from this level, followed by a breakdown of the triangle, could trigger a strong rally in altcoins. 🌊💹 📌 Key Levels to Watch: Resistance: 58 level 🔍 Invalidation: A 4-hour candle close above 58 would invalidate this setup. 🧐 Stay sharp and keep a close eye on this move—Altseason might be right around the corner! 🚀
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Lido will discontinue staking services for #Polygon. Users will have until June 16, 2025, to withdraw their funds. The decision is due to limited user adoption and insufficient rewards. $LDO
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