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$PENGU Price Prediction: Will it Hit $0.05 by January 2025?
PENGU price has increased by more than 9% in the past 24 hours, pushing its market cap to $2 billion, making it one of the largest Solana meme coins, as strong momentum fuels bullish sentiment. If this uptrend continues to strengthen, PENGU price is likely to test the $0.043 resistance level soon.
Despite the recent RSI increase and bullish momentum reflected in the DMI, the trend strength remains modest, signaling cautious optimism among traders. The altcoin is approaching a key resistance level at $0.043, with the potential for further gains or a sharp correction depending on whether the current momentum is maintained.
#writetoear #Write2Earn #write2earnonbinancesquare
PENGU price has increased by more than 9% in the past 24 hours, pushing its market cap to $2 billion, making it one of the largest Solana meme coins, as strong momentum fuels bullish sentiment. If this uptrend continues to strengthen, PENGU price is likely to test the $0.043 resistance level soon.
Despite the recent RSI increase and bullish momentum reflected in the DMI, the trend strength remains modest, signaling cautious optimism among traders. The altcoin is approaching a key resistance level at $0.043, with the potential for further gains or a sharp correction depending on whether the current momentum is maintained.
#writetoear #Write2Earn #write2earnonbinancesquare
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$TAO Analysis: Price Up 15%, Indicators Confirm Strong Uptrend
The ADX (Average Directional Index) for TAO is currently at 29, marking a significant increase from 14.5 just a day ago. This sharp increase shows that the strength of the current trend has increased significantly, in line with TAO's apparent attempt to establish an uptrend. The recent surge has made Bittensor the 3rd largest artificial intelligence coin in the crypto market.
With an ADX of 29, Bittensor is now firmly in a strong trend zone, signaling that the emerging uptrend has gained momentum. This level shows that buying activity is pushing the price up with increasing conviction. If this momentum continues, the trend could continue in the short term.
If the current uptrend continues to strengthen, TAO’s EMAs suggest that a Golden Cross could form. This would signal sustained bullish momentum and could push TAO to test the resistance at $565.
If this level is broken, the price could continue to rise to $645, representing a potential 25% upside. Such a move could make TAO the largest AI coin in the market, surpassing RENDER and VIRTUAL.
#writetoear #Write2Earn #write2earnonbinancesquare
The ADX (Average Directional Index) for TAO is currently at 29, marking a significant increase from 14.5 just a day ago. This sharp increase shows that the strength of the current trend has increased significantly, in line with TAO's apparent attempt to establish an uptrend. The recent surge has made Bittensor the 3rd largest artificial intelligence coin in the crypto market.
With an ADX of 29, Bittensor is now firmly in a strong trend zone, signaling that the emerging uptrend has gained momentum. This level shows that buying activity is pushing the price up with increasing conviction. If this momentum continues, the trend could continue in the short term.
If the current uptrend continues to strengthen, TAO’s EMAs suggest that a Golden Cross could form. This would signal sustained bullish momentum and could push TAO to test the resistance at $565.
If this level is broken, the price could continue to rise to $645, representing a potential 25% upside. Such a move could make TAO the largest AI coin in the market, surpassing RENDER and VIRTUAL.
#writetoear #Write2Earn #write2earnonbinancesquare
Some recent news about Bitcoin (BTC).
1. The 2024 elections in the U.S., Asia, Europe, and Africa are expected to impact the worldwide regulatory framework for Bitcoin and cryptocurrencies.
2. Joe Biden has stated that he would veto the resolution before the House or Senate votes on it.
3. The Ethereum co-founder discusses why his company has filed a lawsuit against the SEC at Consensus 2024.
4. Despite the fact that not everyone is persuaded, attendees are cautiously optimistic about apparent regulatory and legislative changes.
5. In a letter to President Joe Biden, lobbying organizations for U.S. banks asked him to reconsider his decision to veto the congressional attempt to repeal SAB 121.
#Megadrop #EarnFreeCrypto2024 #write2earn #writetoear
1. The 2024 elections in the U.S., Asia, Europe, and Africa are expected to impact the worldwide regulatory framework for Bitcoin and cryptocurrencies.
2. Joe Biden has stated that he would veto the resolution before the House or Senate votes on it.
3. The Ethereum co-founder discusses why his company has filed a lawsuit against the SEC at Consensus 2024.
4. Despite the fact that not everyone is persuaded, attendees are cautiously optimistic about apparent regulatory and legislative changes.
5. In a letter to President Joe Biden, lobbying organizations for U.S. banks asked him to reconsider his decision to veto the congressional attempt to repeal SAB 121.
#Megadrop #EarnFreeCrypto2024 #write2earn #writetoear
An analysis
HMSTR, SUI, FTT: Top cryptocurrencies to watch this week
The global crypto market cap ended last week with a 7% drop, losing $160 billion as it closed at $2.15 trillion.
While Bitcoin btc0.96%Bitcoin influenced the broader market, several altcoins charted their own paths, benefiting from unique developments within their ecosystems.
Here are some of these cryptocurrencies to keep an eye on this week, following their diverse price movements last week:
HMSTR collapses 18%
Hamster Kombat hmstr0.25%Hamster Kombat saw a bearish week, dropping 18% to $0.004714. Its worst day came on Oct. 1 when it fell 13.94% amid a broader market decline on the back of geopolitical tensions.
Last week’s bearishness built on a downtrend HMSTR has faced since its airdrop on Sept. 26. However, the four-hour chart shows some signs of recovery, with the RSI sloping upward, now at 42.82.
For the DMI, the +DI is steady at 17.46, signaling slight buyer momentum. However, the -DI at 23.07 slopes downward, indicating weakening selling pressure. The ADX is at 22.68 and trending downward, as the current trend loses strength.
These figures suggest a possible recovery if buying momentum continues, with bulls possibly targeting $0.0051. However, the downtrend may persist if buyers do not pick up pace this week.
You might also like:Weekly NFT sales rise to $85.9m, Ethereum network leads the pack
SUI demonstrates resilience
Sui sui2.21%Sui showed resilience despite broader market volatility, dropping only 0.3%. On Oct. 1, amid market turmoil, SUI dipped just 0.97%.
However, it saw a sharper 10.38% decline on Oct. 3, its largest intraday crash in three months.
SUI appears to be forming a bull pennant following its uptrend in September. Currently, the Bollinger Bands indicate the upper band at $1.97, which acts as resistance, and the 20-day MA at $1.62 provides immediate support.
With SUI trading below the upper band, the price could stabilize above the $1.62 support.
Investors should monitor for a bounce between $1.62 and $1.97, with a breakout above the resistance likely signaling bullish momentum for the week.
FTT bucks the trend
FTX Token (FTT) defied market trends last week, gaining 22% while most assets declined.
On Oct. 1, FTT rose by 13.89%, followed by a 21.53% surge on Oct. 4 and another 9.86% the next day.
Amid this uptrend, the Williams Percent Range stands at -32.59, signaling that FTT is near overbought territory but still has room for further gains.
As it witnesses a 9% retracement this new week, bulls need to defend the Pivot support at $2.01 to prevent a slip into bearish territories. Below this, the next support rests at $1.33, marking lows last seen in two weeks
Should FTT recover from the latest correction, market participants should watch for a break above the resistance level at $2.68, which continues the bullish momentum.
$HMSTR
$SUI
$FTT
#Sui #Hmstr #writetoear #ftt #binance
The global crypto market cap ended last week with a 7% drop, losing $160 billion as it closed at $2.15 trillion.
While Bitcoin btc0.96%Bitcoin influenced the broader market, several altcoins charted their own paths, benefiting from unique developments within their ecosystems.
Here are some of these cryptocurrencies to keep an eye on this week, following their diverse price movements last week:
HMSTR collapses 18%
Hamster Kombat hmstr0.25%Hamster Kombat saw a bearish week, dropping 18% to $0.004714. Its worst day came on Oct. 1 when it fell 13.94% amid a broader market decline on the back of geopolitical tensions.
Last week’s bearishness built on a downtrend HMSTR has faced since its airdrop on Sept. 26. However, the four-hour chart shows some signs of recovery, with the RSI sloping upward, now at 42.82.
For the DMI, the +DI is steady at 17.46, signaling slight buyer momentum. However, the -DI at 23.07 slopes downward, indicating weakening selling pressure. The ADX is at 22.68 and trending downward, as the current trend loses strength.
These figures suggest a possible recovery if buying momentum continues, with bulls possibly targeting $0.0051. However, the downtrend may persist if buyers do not pick up pace this week.
You might also like:Weekly NFT sales rise to $85.9m, Ethereum network leads the pack
SUI demonstrates resilience
Sui sui2.21%Sui showed resilience despite broader market volatility, dropping only 0.3%. On Oct. 1, amid market turmoil, SUI dipped just 0.97%.
However, it saw a sharper 10.38% decline on Oct. 3, its largest intraday crash in three months.
SUI appears to be forming a bull pennant following its uptrend in September. Currently, the Bollinger Bands indicate the upper band at $1.97, which acts as resistance, and the 20-day MA at $1.62 provides immediate support.
With SUI trading below the upper band, the price could stabilize above the $1.62 support.
Investors should monitor for a bounce between $1.62 and $1.97, with a breakout above the resistance likely signaling bullish momentum for the week.
FTT bucks the trend
FTX Token (FTT) defied market trends last week, gaining 22% while most assets declined.
On Oct. 1, FTT rose by 13.89%, followed by a 21.53% surge on Oct. 4 and another 9.86% the next day.
Amid this uptrend, the Williams Percent Range stands at -32.59, signaling that FTT is near overbought territory but still has room for further gains.
As it witnesses a 9% retracement this new week, bulls need to defend the Pivot support at $2.01 to prevent a slip into bearish territories. Below this, the next support rests at $1.33, marking lows last seen in two weeks
Should FTT recover from the latest correction, market participants should watch for a break above the resistance level at $2.68, which continues the bullish momentum.
$HMSTR
$SUI
$FTT
#Sui #Hmstr #writetoear #ftt #binance