$DOT #Bulls Eye Recovery: Momentum Building After Pullback?

Polkadot (DOT) Price Update: $8.95

- Polkadot’s DOT has attracted bullish interest but remains in a consolidation phase at $8.95, reflecting recent profit-taking and recovery potential.

December Pullback & Fibonacci Support

- DOT retraced 35% from a $11.64 high on Dec 4 to $7.50 on Dec 9, landing in a critical Fibonacci zone ($8.20–$9.00). At $8.95, it tests the upper range, signaling potential bullish re-accumulation.

Spot Market Dynamics

- DOT spot outflows peaked at $24.52M on Dec 9, driving sell pressure. As prices neared the Fibonacci zone, spot inflows returned, indicating renewed buying interest at $8.95.

Derivatives Market Shifts

- Open interest dropped with negative funding rates favoring shorts at 56% during the sell-off. By Dec 11, long positions dominated at 51.22%, reflecting improved sentiment as DOT stabilized.

Price Outlook

- With potential 30% upside to $11.64, DOT is attractive for bulls if Fibonacci support holds. Broader market caution persists, but renewed momentum could see DOT revisit previous highs in favorable conditions.

#CryptoMarketPredictions #BinanceSquareTalks #Polkadot

🤔 Is Supra’s network model more decentralized than other oracles?

The legendary researchers at Supra are building an oracle network that’s more secure, more decentralized, and faster than anything Web3 has ever seen. One of the biggest keys here is decentralization, which is pretty much at the core of security for oracles. That’s why Supra came up with a whole new oracle network model called the ‘tribes and clans’ model. It’s a network design that takes decentralization to another level to help nodes reach consensus real quick — all without sacrificing any security.

Let’s jump in and see how it works now. First of all, Supra’s security network consists of a ton of individual nodes, all run by operators spread across the world. Now these nodes are all randomly grouped into clans — all with a large enough number of nodes to make collusion as impossible as can be. It’s designed to keep security tight and leave no scope for manipulation.

📌📌Link to Register and Earn Supra💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421📌📌

But it doesn’t stop there. These clans go on ahead and merge to form tribes. So you got groups of nodes in clans, and then you got groups of clans in tribes. I hope that’s clear. Now here’s the coolest part — these nodes are all reshuffled regularly so the node groups are always random as heck.

Unlike this novel tribes and clans model, most oracle networks today run on static nodes that don’t even change or rotate over time. It’s a real vulnerability because if the node operators ain’t shuffling around consistently they could just coordinate outside the blockchain to front-run your trades. They’re pretty much in control of the data being sent to the blockchain, and some lone raider could even manipulate such an oracle single-handedly by secretly running multiple nodes.

📌📌Link to Register and Earn Supra💰 👇

https://supraoracles.com/blastoff?ref=0e82c-287421📌📌
#SUPRA #btctoday #ETH #Blast #CryptoMarketPredictions $BTC $ETH $BNB

😍😍😍 #Ethereum’s Breakout Potential: Are #Bulls Ready to Surge?

Ethereum Price Targets $4,000 Resistance as Momentum Builds

- Ethereum’s price is gaining traction, currently trading at $3,916, and showing strong potential for further gains. With the $4,000 resistance within reach, $ETH could soon aim for higher targets if key resistance levels are surpassed.

Current Price Action

- Ethereum held firm above $3,500, tracking Bitcoin’s positive momentum. It recently broke through key resistance levels at $3,650 and $3,720, supported by a breakout above a bearish trend line at $3,720 on the ETH/USD hourly chart (via Kraken). Additionally, ETH climbed above the 50% Fibonacci retracement level of the decline from $4,015 to $3,488.

- Now trading above $3,750 and the 100-hourly Simple Moving Average, Ethereum is approaching the next major hurdle at $3,950, with strong resistance anticipated near the $4,000 level.

Upside Potential

- With ETH trading at $3,916, it is close to breaking the $4,000 resistance. A clear move above $4,000 could trigger further gains, targeting $4,050 initially. Beyond that, ETH may advance toward $4,150 and even $4,220 if momentum continues.

Risk of a Downturn

- If Ethereum fails to break the $4,000 resistance, a pullback could occur. Immediate support is near $3,850, followed by stronger support at $3,750. A drop below $3,750 might send the price toward $3,650, with additional support levels at $3,550 and $3,500.

Technical Indicators

- Hourly MACD: Gaining bullish momentum.

- Hourly RSI: Positioned well above 50, signaling strength.

- Key Support Levels: $3,850, $3,750, $3,650.

- Key Resistance Levels: $4,000, $4,050, $4,150.

Ethereum remains in a strong uptrend as long as it maintains support above $3,850. Breaking through $4,000 could confirm a bullish continuation in the near term.

#BinanceSquareTalks #CryptoMarketPredictions #ETH🔥🔥🔥🔥