According to BlockBeats, several significant macroeconomic events this week are anticipated to influence the cryptocurrency market's trajectory.On Wednesday, August 21, at 1:35 AM, Raphael Bostic, the 2024 FOMC voting member and President of the Federal Reserve Bank of Atlanta, is scheduled to deliver a speech. This event is closely watched by market participants for insights into future monetary policy directions.Following this, on Thursday, August 22, at 2:00 AM, the Federal Reserve will release the minutes of its recent monetary policy meeting. These minutes are expected to provide detailed insights into the discussions and considerations that influenced the Fed's latest policy decisions, which could have significant implications for the financial markets, including cryptocurrencies.Later on the same day, at 8:30 PM, the U.S. Department of Labor will announce the initial jobless claims for the week ending August 17. This data is a critical indicator of the labor market's health and can influence market sentiment and economic forecasts.Finally, on Friday, August 23, at 10:00 PM, Federal Reserve Chairman Jerome Powell will speak at the annual Jackson Hole Economic Symposium. Powell's remarks on the economic outlook are highly anticipated and can have a substantial impact on market expectations and movements.These events are expected to play a crucial role in shaping the market dynamics for cryptocurrencies in the coming days.

Cardano (ADA), one of the most talked-about cryptocurrencies, has been hovering below the $1 mark for months, leaving investors and enthusiasts wondering: is ADA poised to reclaim the $1 milestone? With its strong fundamentals, growing ecosystem, and upcoming developments, let’s explore what might drive Cardano’s price back to this psychological level and whether it can sustain that momentum.
The Journey to $1: What’s Holding ADA Back?
ADA has faced a challenging year, mirroring the broader crypto market’s volatility. While it once reached an all-time high of $3.10 in 2021, its price has since struggled due to market-wide corrections and shifting investor sentiment. But what’s keeping it from reclaiming $1?
Market Conditions: Global economic uncertainty, inflation, and regulatory concerns have kept investors cautious, impacting the overall crypto market.Competition: Rival blockchains like Ethereum, Solana, and Avalanche continue to attract developers, intensifying competition in the Layer-1 space.Adoption Growth: While Cardano’s ecosystem is expanding, it still needs to accelerate adoption and developer activity to compete with more established networks.
What Could Push ADA to $1?
Despite these challenges, Cardano has strong catalysts that could drive its price past $1 in the near future:
Hydra Scaling Solution
Cardano recently introduced Hydra, a Layer-2 scaling solution that promises to handle thousands of transactions per second. This innovation could make ADA more appealing for dApps and developers, increasing its utility and demand.DeFi and NFT Growth
Cardano’s DeFi and NFT ecosystems have been steadily growing, with projects like Minswap and JPG Store leading the charge. As more users interact with these platforms, the demand for ADA as a utility token could push its price higher.Institutional Interest
Cardano’s environmentally friendly proof-of-stake model and focus on real-world use cases have made it a favorite among institutions. If institutional adoption accelerates, it could provide the boost ADA needs to break past $1.Community Strength
Cardano’s passionate community remains one of its strongest assets. The continued engagement and support from ADA holders play a crucial role in maintaining the network’s relevance and driving demand.
What Happens If ADA Reaches $1?
If Cardano hits $1, it could trigger a wave of positive sentiment in the market:
Retail Interest: A $1 price point often attracts new retail investors, creating additional buying pressure.Psychological Boost: Breaking this milestone would signal a potential reversal in Cardano’s price trend, encouraging more investors to enter the market.
However, sustaining this level would require consistent ecosystem growth and adoption. Without meaningful developments, ADA could face selling pressure from traders looking to take profits.
My Take: Will ADA Hit $1 Soon?
In my opinion, ADA’s return to $1 isn’t a question of “if” but “when.” Cardano’s strong fundamentals, innovative solutions like Hydra, and its committed community give it a solid foundation for long-term growth. However, its journey to $1 will depend on broader market conditions and how effectively the project can drive adoption in its ecosystem.
ADA’s potential remains vast, but investors should approach with a mix of optimism and caution. As the market evolves, all eyes will be on whether Cardano can deliver on its promises and reclaim its place as a top-performing cryptocurrency.
💬 Do you think ADA will reach $1 soon? What’s your price prediction for Cardano in the coming months? Let’s discuss in the comments! 🚀

#Debate2024 #CryptoMarketMoves
$ADA

💥Highlights💥
✅Wintermute raises investor concerns with massive Neiro Ethereum dump.
✅Investors remain apprehensive over future selloffs as the market maker remains the second largest holder of the asset.
✅Despite the selloff, NEIRO price traded near the flatline today amid a broader crypto market rally.
The second largest Neiro Ethereum holder, Wintermute, has recently dumped millions of tokens, sparking concerns over a potential NEIRO price dip ahead.
One of the top Neiro Ethereum holders has surprisingly sparked bearish sentiments amid a bull market, heavily dumping the dog-themed meme token. Recent on-chain data pointed out that the 2nd largest holder of the token, Wintermute, took action to dump $3M worth of coins. This dump has raised substantial investor concerns, further solidified by the coin’s waning price movement amid a broader bull market.
🔥Top Neiro Ethereum Holder Offloads Over 100M Coins🔥
According to data by Arkham Intelligence, Wintermute deposited 35 million Neiro Ethereum tokens worth $3.08 million to Bybit over the past three days. Notably, the market maker remains the 2nd largest holder of the crypto, holding 10.9% of the total supply worth 108.95 million tokens.
Besides, it’s noteworthy that the same market maker totally withdrew 121.466M of the same token from Bybit before the abovementioned selloff to become the 2nd largest holder of this Shiba Inu dog breed-themed crypto. Nevertheless, despite the selloff weighing in, Wintermute is still the 2nd largest holder of the asset.
In light of this dynamic, market participants remain apprehensive as future selloffs by the top holder could negatively influence the renowned meme coin’s price movements. Meanwhile, despite a bullish sentiment over top meme coins, as witnessed by Dogecoin, Pepe coin, Bonk, and other tokens’ phenomenal gains, the Neiro Ethereum selloff has solidified market concerns.
🔥Token Price Remains Volatile🔥
At the time of reporting, NEIRO price traded near the flatline over the past 24 hours to rest at $0.079. The coin’s intraday low and high were $0.0753 and $0.08385, respectively. Notably, the weekly chart for the crypto showcased a 10% dip. This waning action has sparked severe market concerns in the wake of the abovementioned selloff.
However, a recent CoinGape Media report revealed that Neiro Ethereum has partnered with the market maker DWF Labs, adding investor intrigue on future price movements. Notably, another massive holder of the crypto is GSR Markets, a renowned market maker, holding 33.52 million tokens. Wintermute and GSR collectively hold 142.47 million tokens worth 14.25% of the total supply.
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$NEIRO

Must read to know about next 🐂 run
President Donald Trump nominated Scott Bessent, a hedge fund manager, as Treasury Secretary. Bessent's policies, including deregulation and deficit reduction, could indirectly affect the cryptocurrency market. Deregulation may foster a more crypto-friendly environment, encouraging investment and innovation. Additionally, efforts to reduce the deficit might impact traditional financial markets, influencing crypto as an alternative. Increased energy production could also affect mining operations and costs.
The decision of President Donald Trump’s nomination of Scott Bessent as Treasury Secretary could significantly influence the cryptocurrency market. Bessent’s advocacy for deregulation may lower barriers for crypto businesses, fostering innovation and adoption. Efforts to reduce the U.S. deficit could stabilize traditional markets, but might also drive investors to crypto as a hedge against fiscal uncertainty. Additionally, Bessent’s push for increased energy production could impact crypto mining costs, given the energy-intensive nature of the industry.
#CryptoMarketMoves #TrumpInPump $ETH
$BTC

The crypto market is buzzing with excitement and speculation! 🌟 Among the notable players, Shiba Inu (SHIB) and Pepe Coin (PEPE) have captured significant attention. But with a rising contender like Rexas Finance (RXS) making waves with its presale price of $0.08, the landscape is getting even more thrilling!
🔍 Key Highlights:
1. Shiba Inu (SHIB): While predictions suggest it might reach $0.00005 by the end of 2024, hitting the $1 mark remains a distant dream given its current supply and market dynamics. 🐶💰
2. Pepe Coin (PEPE): As a meme coin, it faces similar challenges. Its recent gains are impressive, but reaching $1 would require a monumental surge in value and market adoption. 🐸🚀
3. Rexas Finance (RXS): With a presale price of $0.08, RXS is a rising star that's already showcasing potential to outshine its competitors. 🌟📈
Stay tuned to Binance for the latest updates and insights as these tokens navigate their respective challenges and race towards the elusive $1 mark! 🌐🚀
#CryptoNews #ShibaInu #Pepecoin2402123124K #CryptoMarketMoves #CryptoInvesting

Looking at the updated chart for $NEIRO /USDT, the following analysis can be made:
Key Observations:
Price Action:The price has dropped below the midpoint of the ascending channel, suggesting increased bearish pressure.There is a minor bounce, but the price is still testing the lower half of the channel.Moving Averages:MA7 (Yellow) is slightly crossing below MA25 (Pink), indicating short-term bearish momentum.MA99 (Purple) remains flat, signaling consolidation in the medium-term trend.Volume:Volume has increased to 149.63B, which could indicate rising interest, though the direction is still unclear. Bulls or bears could take control depending on follow-through.Support and Resistance:Resistance: $0.0021 and $0.0023 remain critical resistance levels for any upward move.Support: The lower boundary of the channel at approximately $0.0017 is crucial. A break below this could signal further downside.
Future Outlook:
Bullish Scenario:
If the price rebounds strongly from the current level or the lower boundary of the channel ($0.0017), we may see:Immediate Target: $0.0020.Next Level: $0.0021 (upper range resistance).Higher Target: A retest of $0.0023 or even $0.0031 depending on volume and momentum.
Bearish Scenario:
If the price breaks below the channel at $0.0017, it could lead to:Immediate Drop: To $0.0015.Further Decline: Toward $0.0013 or lower if bearish sentiment intensifies.
Indicators to Watch:
Moving Averages: Look for crossovers. A bullish crossover (MA7 > MA25) may indicate recovery.Volume: High volume on downward moves could confirm bearish continuation.Channel Support: A decisive move below $0.0017 could lead to a trend reversal.
Conclusion:
The price is approaching a critical support zone near the lower boundary of the channel. If bulls can defend this level, there is potential for a rebound toward $0.002 or higher. However, a breakdown below this support could signal further bearish action. Monitor closely for confirmation of either scenario.
#NeiroOnBinance #CryptoNewss #CryptoNewsCommunity #BNBChainMemecoins #CryptoMarketMoves

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$XRP
$ETH
#AltcoinNextMove

$AVAX $AVAX
Support and Resistance Levels:
#SupportAndResistances
Support Levels:$41.20 (MA(99))$36.53 (24h Low)Resistance Levels:$42.96 (MA(25))$45.27 (24h High)$45.44 (Key resistance)

Trading Strategies✨
#tradesafely
Short-term (Scalping):
Entry: $42.00 - $42.20Target: $42.90 - $43.50Stop Loss: Below $41.00
Medium-term (Day Trading):
Entry: $41.20 - $42.00Target: $45.00 - $46.00Stop Loss: Below $40.00
Long-term (Swing Trading):
Entry: $40.50 - $41.50Target: $46.00 - $48.00Stop Loss: Below $39.00

Key Takeaways🏆
#CryptoMarketMoves
$AVAX Avax/USDT is on a bullish trajectory, breaking past its 7-day and 99-day moving averages.Strong 24-hour volume suggests continued interest, with resistance around $45.27 and $45.44.Look for retracements to MA(99) at $41.20 or support levels for favorable entries.

Conclusion:💫
AVAX is currently trending positively, with significant upward momentum. If the price consolidates around $42.00-$42.20, there may be opportunities for further gains targeting $45.00 or higher. Manage risk carefully, as the market is prone to volatility.
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💥Highlights💥
✅Dormant Ethereum whale sparks market buzz, selling $224 million in ETH recently.
✅The massive selloff ignites market speculations over its potential impact on the ETH price.
✅Despite the selloff, Ethereum price rose more than 5% today, indicating strong market confidence towards the asset.
A dormant Ethereum whale revived after eight years of dormancy and sold $224 million worth of the crypto sparking ETH price dip concerns.
In an unprecedented event, a dormant Ethereum whale caused a stir across the broader market on Friday, heavily dumping tokens amid the hovering bullish sentiment. Recent data pointed out that the whale dumped nearly $224 million worth of tokens, raising price drop concerns among crypto enthusiasts globally. Despite that, ETH price soared today, setting off waves of speculation over future movements across the industry.
🔥Dormant Ethereum Whale Wakes Up To Sell, Investors Apprehensive🔥
According to the latest data by Lookonchain, an Ethereum whale that was dormant for eight years was revived and started selling. According to the data, the whale used various addresses to sell a staggering $224 million worth of the abovementioned token.
Notably, this whale accumulated 398,889 ETH at around just $2.4 million between January 18 and March 10, 2016, at an average cost of $6 per token. Following eight years of dormancy, the whale revived on November 7, 2024, and commenced offloading.
Meanwhile, the whale has been recorded selling 73,356 ETH, worth $224.42 million, the latest data showed. This massive dump brought selling pressure to the asset. Besides, the colossal amount of Ethereum remaining with the whale has sparked speculations over his future moves.
On the other hand, it’s also noteworthy that the latest Whale Alert data indicated nearly 20.8 million ETH dumped to Coinbase. Although these dumps raised bearish market sentiments, the top crypto by market cap has defied usual trends to trade in the green territory.
🔥ETH Price Soars Defying Selling Pressure
Despite the abovementioned selloffs, ETH price today traded dominantly in the green at $3,337, up 5% intraday. Its 24-hour low and high were $3,147 and $3,428.46, respectively. Intriguingly, the monthly chart for the token showcased 29% gains. This bullish trajectory has raised uncertain investor sentiments over the coin’s future movements.
Further, Coinglass data pointed out a 10% increase in Ethereum’s futures OI to $70.79 billion. Moreover, even the derivatives volume soared 63% to $70.79 billion. This data further points to a bullish scenario for the token, adding to market speculations amid massive selloffs.
Additionally, a recent CoinGape Media report spotlighted key indicators that signal further gains for Ethereum price. Considering these bullish trends and the recent rally in the crypto’s price, it appears that market watchers continue to remain optimistic about the asset despite the recent selloffs.
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$ETH

The market is buzzing with activity, and here’s a breakdown of the top-performing coins today with actionable targets:

1️⃣ DOGE/USDT

Price: $0.4077 (+6.00%)

📊 Technical Indicators:

Resistance: $0.4200 (Immediate), $0.4500 (Major).

Support: $0.4000 (Critical).

RSI: Neutral, room for more upside.

🎯 Targets:
1️⃣ $0.4200: Immediate resistance; breaking this could spark more interest.
2️⃣ $0.4500: Key breakout level signaling a strong bullish continuation.
3️⃣ $0.5000: Long-term bullish target with potential market hype.

---

2️⃣ ADA/USDT

Price: $1.1055 (+26.08%)

📊 Technical Indicators:

Resistance: $1.1500 (Immediate), $1.2000 (Psychological).

Support: $1.0500 (Strong base).

RSI: Overbought, caution for possible correction.

🎯 Targets:
1️⃣ $1.1500: Short-term resistance aligning with recent high volume.
2️⃣ $1.2000: Key psychological level; breaking this signals strength.
3️⃣ $1.3000: Extended bullish target driven by sustained momentum.

3️⃣ XRP/USDT

Price: $1.5878 (+16.61%)

📊 Technical Indicators:

Resistance: $1.6000 (Immediate), $1.6500 (Major).

Support: $1.5500 (Near-term).

RSI: Slightly overbought but still bullish.

🎯 Targets:
1️⃣ $1.6000: Immediate resistance level; a breakout here confirms bullish sentiment.
2️⃣ $1.6500: Key level to watch as XRP gains momentum.
3️⃣ $1.7500: Long-term bullish target if buying pressure continues.

💡 Market Insights:

Key Gainer: ADA shines with +26.08% gains, signaling strong buying activity.

Outlook: Mixed signals as DOGE and XRP hold steady gains, while ADA dominates.

📈 Trade DOGE, ADA, XRP, and more responsibly on Binance. Monitor key levels and use stop-loss orders
to mitigate risks.

#doge⚡ #ADA #XRPGoal #BinanceSquareFamily #CryptoMarketMoves