📉 Iran Attacked Israel, as a result of Iran's attack on Isr

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🔥 Here are Two Crucial Dates for Shiba Inu (SHIB) In the wake of the recent market downturn, we’ve outlined how May 11 and 12 could significantly impact Shiba Inu’s short and medium-term price movements. The recent market downturn has put various crypto assets, like Shiba Inu (SHIB), in hot waters. Shiba Inu has recorded massive losses in the past few days, plunging 8.45% in the weekly charts. 🔸 Importance of May 11 and 12 to Shiba Inu Amid the ongoing downturn across the broader market, Shiba Inu faces two crucial dates – May 11 and 12 – which could potentially determine the asset’s short-term trajectory. May 11 and 12 are imperative for SHIB because they represent the days when the asset is expected to test a significant resistance around the 50-day EMA (Exponential Moving Average). In the meantime, Shiba Inu is signaling an imminent price spike after it found support at the 100 EMA indicator. Historically, the 100 EMA indicator has served as a robust base for price rebounds, with recent trends suggesting that SHIB is primed for such a resurgence. With Shiba Inu recently finding support around the 100 EMA indicator, there is a likelihood that the canine-themed token will attempt to breach the resistance at 50 EMA in the coming days, particularly on May 11 and 12 It bears mentioning that the 50 EMA indicator marks the most significant resistance level currently facing SHIB. Breaching this resistance could pave the way for a bullish rally for SHIB and vice versa. 🔸 Massive Volatility Ahead Meanwhile, Shiba Inu has been experiencing narrowing price bands, which usually occur before a period of heightened volatility. This narrowing suggests that Shiba Inu’s price is consolidating, gathering momentum before a substantial move occurs. As the price compression intensifies, it establishes a buildup of potential energy, thus increasing the chances of a spike in volatility. Interestingly, movements characterized by increased volatility, as anticipated due to the narrowing price bands, usually act as potential triggers for breaching resistance. $SHIB #SHIB

🐶 Sam Bankman-Fried spoke about prison conditions While behind bars, the ex-CEO of FTX began trading bags of rice. They are reportedly used as currency in prison. ☘️ He also eats beans and follows a vegetarian diet. Sam has already lost 11 kg. SBF is serving his sentence along with 35 criminals. About half of them are convicted of murder. 💬 On March 28, the founder of FTX was sentenced to 25 years in prison. He expressed remorse and filed an appeal against the verdict. #SamBankman-Fried

🐋 Whale Activity Boosts Dogecoin Holdings Dogecoin investors, during recent market movements, saw the price drop from $0.1686 to $0.1423 and accumulated DOGE. Recently, on May 6th, DOGE moved above the price level of $0.168, which brought 5.21 million addresses into a profitable position. However, after this, the situation reversed. A minor correction in the price was observed throughout May 7th. According to on-chain data provided by Santiment, DOGE whales took advantage of this drop and purchased 265.86 million DOGE tokens. 🔸 DOGE Accumulating Whales According to data from the on-chain platform Santiment, addresses holding between 100 million and 1 billion DOGE increased their holdings by 1%, capturing 21% of the total supply on May 7th. Interestingly, the number of tokens held by these whales increased by 265.86 million DOGE, valued at approximately $41.2 million. This increase was significant in the market compared to the 342 million DOGE that left their possession the day before the whale entry. The latest data reveals that accumulation on exchanges is still ongoing. Meanwhile, recent data shared by the whale tracking platform Whale Alerts indicates that 120 million DOGE tokens, valued at 18 million dollars, were purchased from the cryptocurrency exchange Robinhood and transferred to wallets within a few hours. 🔸 The Significance of DOGE and Whale Movements Whale activity and sentiment are essential for any cryptocurrency, especially for a meme token like Dogecoin, whose value is mostly driven by hype and market sentiment rather than demand for utility. These whales typically move the market, and accumulation or selling by a few large traders can alter the sentiment of other investors. At the time of writing, DOGE was trading at $0.1448. The price correction that occurred between May 6th and May 9th seems to be continuing. Despite this, the price is still above the $0.143 level it jumped to during that period. Currently, DOGE has seen a 4% decrease in the last 24 hours and a 4% decrease over the last seven days. $DOGE #DOGE

🔥 Ethereum and Solana’s Market Dynamics In the volatile landscape of cryptocurrency markets, Ethereum and Solana have become notable focal points for investors and analysts alike. Ethereum, the leading altcoin by volume, and Solana, often dubbed as a significant contender, are both experiencing pivotal price movements. These fluctuations highlight the intricacies and uncertainties inherent in the market, raising questions about their future trajectories. 🔺 Insights into Solana’s Market Position Solana shows signs of gearing up for a potential rise above the $160 mark, a key resistance level identified by the 50-day Exponential Moving Average (EMA). This EMA is not only a crucial indicator of mid-term market trends but also often acts as a robust level of resistance or support. If Solana successfully surpasses this threshold, it could trigger a substantial upward price movement. However, the current bearish market sentiment and low trading volumes complicate this outlook. Historical trends suggest that reduced volumes might reflect a lack of market confidence in sustained positive momentum. 🔺 Assessing Ethereum’s Current Challenges On the other hand, Ethereum is currently struggling to breach the 100 EMA mark. Remaining below this critical point suggests a reluctance among traders to commit to a bullish stance on Ethereum. This reluctance is also mirrored by its price hovering below $3,100, distancing it further from a clear upward trajectory. Should Ethereum continue to operate below the 100 EMA, it could prompt a retest of the lower 50 EMA, potentially redefining its market strategy. 🔺 Key Takeaways for Investors ▫️ The 50 EMA and 100 EMA are critical technical indicators that could dictate the short-to-medium term price movements of Solana and Ethereum respectively. ▫️ A successful break above these levels may signify a turning point, whereas failure to do so could reinforce bearish trends. ▫️ Investors should monitor trading volumes as they provide clues about the market’s confidence and potential price directions. $SOL $ETH #SOL #ETH

⚠️ 𝗖𝗿𝘂𝗰𝗶𝗮𝗹 𝗥𝗶𝗽𝗽𝗹𝗲 (𝗫𝗥𝗣) 𝗠𝗼𝘃𝗲 𝗳𝗿𝗼𝗺 𝗢𝗻𝗲 𝗼𝗳 𝗝𝗮𝗽𝗮𝗻’𝘀 𝗟𝗮𝗿𝗴𝗲𝘀𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗜𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝘀 SBI Holdings, one of Japan's leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator. The company's cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem. SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network. A representative from SBI VC Trade said: 💬 “𝙊𝙪𝙧 𝙘𝙤𝙢𝙥𝙖𝙣𝙮 𝙨𝙩𝙖𝙧𝙩𝙚𝙙 𝙪𝙨𝙞𝙣𝙜 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙨 𝙖 𝙫𝙖𝙡𝙞𝙙𝙖𝙩𝙤𝙧. 𝘽𝙮 𝙘𝙤𝙣𝙨𝙞𝙙𝙚𝙧𝙞𝙣𝙜 𝙖𝙣 𝙤𝙥𝙚𝙧𝙖𝙩𝙞𝙤𝙣𝙖𝙡 𝙨𝙮𝙨𝙩𝙚𝙢 𝙩𝙝𝙖𝙩 𝙧𝙚𝙛𝙡𝙚𝙘𝙩𝙨 𝙩𝙝𝙚 𝙫𝙤𝙞𝙘𝙚 𝙤𝙛 𝙓𝙍𝙋-𝙝𝙤𝙡𝙙𝙞𝙣𝙜 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧𝙨, 𝙬𝙚 𝙬𝙞𝙡𝙡 𝙗𝙚 𝙖𝙗𝙡𝙚 𝙩𝙤 𝙪𝙨𝙚 𝙩𝙝𝙚 𝙓𝙍𝙋 𝙇𝙚𝙙𝙜𝙚𝙧 𝙖𝙣𝙙 𝙥𝙧𝙤𝙘𝙚𝙨𝙨 𝙓𝙍𝙋 𝙩𝙧𝙖𝙣𝙨𝙖𝙘𝙩𝙞𝙤𝙣𝙨 𝙢𝙤𝙧𝙚 𝙙𝙞𝙧𝙚𝙘𝙩𝙡𝙮.” Apart from joining the protocol as a validator, SBI VC Trade also aims to enter the Unique Node List (UNL), a list of trusted node operators that play an important role in ensuring the integrity of the network. However, the company's contributions and achievements as a protocol node operator will determine its eligibility for the list. $XRP #XRP #Japan

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