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$XRP /USDT Bull Run Alert! 🔥💯

Current Price: $3.0973

Entry Price:

$3.0000 - $3.0500

Targets:

TP1: $3.2500

TP2: $3.5000

TP3: $3.7500

Stop Loss:

$2.8500

Market Insights:

XRP is showing strong bullish momentum, breaking key resistance levels and attracting significant trading volume.

Institutional adoption and Ripple's ongoing developments continue to fuel investor confidence.

Bullish Setup:

Holding above $3.0000 indicates continued strength, with a breakout above $3.1500 confirming further upside.

A push past $3.2500 could accelerate momentum toward higher targets.

Pro Tip:

Lock in partial profits at TP1 and adjust the stop loss to breakeven to maximize gains while managing risk effectively.

Trade wisely and stay informed on market movements! 🚀

$XRP
{spot}(XRPUSDT) #VVVonBinance #FedHODL #DeepSeekImpact #MicroStrategyAcquiresBTC #JUPBuybacks

Present MVRV Ratio and Bitcoin Implications

The MVRV Ratio is a popular indicator of Bitcoin's market value against its realized value. It might indicate market overbought or oversold.

According to CryptoQuant analyst, the MVRV Ratio is 2.2, suggesting a balanced market. This statistic illuminates Bitcoin's price cycles and overbought and oversold positions.

Bitcoin's market value (the entire supply multiplied by its current price) divided by its realized value yields the MVRV Ratio. Bitcoin holders' profitability is shown by this ratio, indicating market sentiment.

During the 2017 and 2021 bull runs, MVRVs over 3 indicated overbought circumstances with heightened correction risks. Conversely, an MVRV below 1 indicates oversold zones, offering purchasing opportunities during bad markets like 2018 and 2020.

The MVRV Ratio of 2.2 indicates a neutral market. This suggests a balanced, trend-changing environment.

KriptoBaykusV2 says the MVRV Ratio's position is crucial for tactical traders and strategic investors.

Selling Pressure and Short-Term Market Trends
G an an h, another CryptoQuant analyst, noted Bitcoin's short-term selling pressure.

The Take Buy Sell Ratio indicates that supply exceeds demand since selling dominates purchasing. Profit-taking around resistance levels sometimes causes price corrections or sideways trading.

Short-term holders are also selling investments at little profit. It increases market volatility and lowers Bitcoin's price temporarily.
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The post Polygon (POL) Poised For 44% Price Drop, Here’s Why  appeared first on Coinpedia Fintech News

In this ongoing market downturn, the Polygon ecosystem (POL) has formed a strong bearish price action, suggesting that a massive price decline is on the way, as reported by a prominent crypto expert on X (formerly Twitter).

Polygon (POL) Bold Prediction Amid Market Downturn

Today, January 30, 2025, while examining the current outlook, the expert noted that POL is on the verge of a 44% price drop, potentially reaching the $0.23 level.
#Polygon $POL could be on the verge of a 44% correction to $0.23! pic.twitter.com/QLg7GkmfXX

— Ali (@ali_charts) January 29, 2025

However, this post on X has gained widespread attention from the crypto community due to its massive price drop prediction. The potential reason for this prediction is the bearish market sentiment and the formation of bearish price action on the daily time frame.

Polygon (POL) Technical Analysis and Price Action

According to expert technical analysis, with the recent price drop, POL has breached the support of its descending triangle price action pattern and has successfully retested the breakout area. Based on historical price momentum, if POL holds below the $0.45 level, there is a strong possibility it could drop by 30%, reaching the $0.29 level.

Source: Trading view

At present, POL is trading below the 200 Exponential Moving Average (EMA) on the daily time frame, indicating that it is in a downtrend. On the negative side, POL’s Relative Strength Index (RSI) stands just above the oversold area, suggesting that the asset has enough room to continue its price drop in the future.

Investors Found Dumping POL Tokens

Looking at the bearish price action and price prediction, investors and long-term holders have been seen dumping their tokens, as revealed by the on-chain analytics firm Coinglass. Data from the spot inflow/outflow shows that exchanges have witnessed an inflow of $2.56 million worth of POL in the past 24 hours.

In the cryptocurrency landscape, inflow refers to the movement of assets from holders’ wallets to exchanges, which potentially signals dumping and sell-offs. However, it has the potential to create selling pressure and lead to further price decline.

Current Price Momentum

POL is currently trading near $0.40 and has witnessed a price surge of over 2.75% in the past 24 hours. However, during the same period, its trading volume jumped by 15%, indicating lower participation from traders and investors compared to the previous day.

🚀 10 Altcoins That Could Make You a Millionaire in 2025

1️⃣ Polkadot ($DOT ) 🌐

💰 Price Prediction: $100–$150
⚡ Why? Leading interoperability project, seamlessly connecting blockchains.

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2️⃣ Solana ($SOL ) 🚀

💰 Price Prediction: $200–$300
⚡ Why? Ultra-fast transactions ⚡, low fees 💸, ideal for DeFi & NFTs.
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3️⃣ Chainlink ($LINK) 🔗

💰 Price Prediction: $50–$75
⚡ Why? Powers smart contracts with real-world data 🔮, essential for blockchain growth.

4️⃣ Cardano ($ADA ) 🌱

💰 Price Prediction: $10–$20
⚡ Why? Research-driven 🔬, sustainable, and fully decentralized.
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5️⃣ Cosmos ($ATOM) 🌌

💰 Price Prediction: $20–$30
⚡ Why? Acts as a hub for blockchain interoperability 🔗 and DeFi expansion.

6️⃣ Avalanche ($AVAX) 🏔️

💰 Price Prediction: $150–$200
⚡ Why? A fast, low-cost Ethereum competitor with high scalability ⏩.

7️⃣ VeChain ($VET) 🛍️

💰 Price Prediction: $0.50–$1
⚡ Why? Revolutionizing supply chains 📦 through blockchain integration.

8️⃣ Algorand ($ALGO) ⚛️

💰 Price Prediction: $5–$10
⚡ Why? Secure, scalable, and eco-friendly 🌱.

9️⃣ Elrond ($EGLD) ⚡

💰 Price Prediction: $300–$400
⚡ Why? High-speed blockchain with innovative sharding technology.

🔟 Tezos ($XTZ) ⚜️

💰 Price Prediction: $15–$20
⚡ Why? A self-amending blockchain designed for long-term sustainability.

🔑 Investment Tips

✔️ Diversify: Spread your investments to reduce risk.
✔️ Stay Informed: Follow market trends and news.
✔️ Be Patient: A long-term mindset leads to better gains.

💬 Which altcoin is your favorite? Drop your thoughts below! 👇

⚠️ Disclaimer: These are predictions, not guarantees! Always DYOR (Do Your Own Research) before investing. Stay smart and trade wisely! 🧠💸 #altcoins #Memecoins🤑🤑 #Write2Earn

MicroStrategy has been consistently acquiring Bitcoin. Will this strategy help support Bitcoin’s long-term price? And could more companies adopt similar tactics?

Create a post with #MicroStrategyAcquiresBTC or the $BTC cashtag and check-in to earn Binance points.
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Activity period: 2025-01-29 08:00 (UTC) to 2025-01-30 08:00 (UTC)

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