USInflationAboveTarget
With core CPI steady at 3.3%, inflation remains higher than the Fed’s 2% goal, sparking concerns over potential policy tightening. How will this impact the economy and spending? Let’s discuss! 💬📉
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U.S. CPI Rises 0.2% in October, Core Inflation Remains Above Fed’s Target
According to Jinishi Data: The U.S. Bureau of Labor Statistics reported a 0.2% increase in the Consumer Price Index (CPI) for October 2024, on a seasonally adjusted basis, maintaining the same monthly rise seen in August and July. Over the past year, the CPI has increased by 2.4% before seasonal adjustments.Core CPI, which excludes volatile food and energy costs, edged up to 3.3% in September 2024 from 3.2% in prior months, slightly above market expectations. According to Trading Economics, this persistent core inflation remains higher than the Federal Reserve's target of 2%, raising questions about future Fed policy adjustments.In October, the annual rate for core CPI stayed at 3.3%, aligning with analyst projections. Meanwhile, September’s unadjusted annual CPI rate reached 2.6%, ending a six-month downtrend and marking a three-month high. Analysts suggest that these inflation trends may affect the Federal Reserve’s policy approach in upcoming months.
Feed-Creator-1ad76a641:
cpi increase btc price still flying
US Inflation Above Target
#USInflationAboveTarget
Inflation above the target occurs when an economy's overall price level increases faster than the central bank's target inflation rate. This can have significant economic consequences, affecting both consumers and businesses.
Causes of Inflation Above Target:
Several factors can contribute to inflation exceeding the target rate:
Demand-Pull Inflation: Excessive demand for goods and services can outpace supply, leading to price increases. This can be driven by factors like increased consumer spending, government spending, or investment.
Cost-Push Inflation: Rising production costs, such as wages, raw materials, or energy, can push businesses to increase prices to maintain profit margins. This can be triggered by events like supply chain disruptions, natural disasters, or geopolitical tensions.
Monetary Policy: Central banks use monetary policy tools, primarily interest rates, to influence inflation. If interest rates are too low or if the central bank is too slow to react to rising inflation pressures, it can contribute to inflation exceeding the target.Expectations: If consumers and businesses expect higher inflation, they may adjust their behavior accordingly, leading to a self-fulfilling prophecy. This can amplify inflationary pressures.
Economic Consequences of Inflation Above Target:
Inflation above target can have various economic consequences:
Decreased Purchasing Power: As prices rise faster than incomes, consumers' purchasing power diminishes, reducing their ability to afford goods and services.Uncertainty and Investment Discouragement: High and volatile inflation can create uncertainty for businesses, making it difficult to plan and invest. This can hinder economic growth.Income Inequality: Inflation can disproportionately affect low-income households, as they spend a larger portion of their income on essential goods and services that are more likely to experience price increases.Interest Rate Hikes: Central banks may respond to rising inflation by increasing interest rates to cool down the economy. This can increase borrowing costs for businesses and consumers, potentially slowing economic activity.
Central Bank Response to Inflation Above Target:
Central banks typically use a combination of monetary policy tools to address inflation above target:
Interest Rate Hikes: Increasing interest rates makes borrowing more expensive, reducing demand for goods and services and slowing down economic activity.Quantitative Tightening: Reducing the money supply through measures like selling government bonds can also help curb inflation.Forward Guidance: Central banks may communicate their intentions to future policy actions to influence market expectations and shape economic behavior.
It's important to note that the appropriate response to inflation above target depends on the specific economic circumstances and the underlying causes of inflation. Central banks must carefully balance the need to control inflation with the desire to maintain economic growth and stability.
Inflation above the target occurs when an economy's overall price level increases faster than the central bank's target inflation rate. This can have significant economic consequences, affecting both consumers and businesses.
Causes of Inflation Above Target:
Several factors can contribute to inflation exceeding the target rate:
Demand-Pull Inflation: Excessive demand for goods and services can outpace supply, leading to price increases. This can be driven by factors like increased consumer spending, government spending, or investment.
Cost-Push Inflation: Rising production costs, such as wages, raw materials, or energy, can push businesses to increase prices to maintain profit margins. This can be triggered by events like supply chain disruptions, natural disasters, or geopolitical tensions.
Monetary Policy: Central banks use monetary policy tools, primarily interest rates, to influence inflation. If interest rates are too low or if the central bank is too slow to react to rising inflation pressures, it can contribute to inflation exceeding the target.Expectations: If consumers and businesses expect higher inflation, they may adjust their behavior accordingly, leading to a self-fulfilling prophecy. This can amplify inflationary pressures.
Economic Consequences of Inflation Above Target:
Inflation above target can have various economic consequences:
Decreased Purchasing Power: As prices rise faster than incomes, consumers' purchasing power diminishes, reducing their ability to afford goods and services.Uncertainty and Investment Discouragement: High and volatile inflation can create uncertainty for businesses, making it difficult to plan and invest. This can hinder economic growth.Income Inequality: Inflation can disproportionately affect low-income households, as they spend a larger portion of their income on essential goods and services that are more likely to experience price increases.Interest Rate Hikes: Central banks may respond to rising inflation by increasing interest rates to cool down the economy. This can increase borrowing costs for businesses and consumers, potentially slowing economic activity.
Central Bank Response to Inflation Above Target:
Central banks typically use a combination of monetary policy tools to address inflation above target:
Interest Rate Hikes: Increasing interest rates makes borrowing more expensive, reducing demand for goods and services and slowing down economic activity.Quantitative Tightening: Reducing the money supply through measures like selling government bonds can also help curb inflation.Forward Guidance: Central banks may communicate their intentions to future policy actions to influence market expectations and shape economic behavior.
It's important to note that the appropriate response to inflation above target depends on the specific economic circumstances and the underlying causes of inflation. Central banks must carefully balance the need to control inflation with the desire to maintain economic growth and stability.
#USInflationAboveTarget Progress lowering US consumer inflation stalling; rate cut pace uncertain in 2025.
"Progress on inflation has started to stall," said Michael Pugliese, a senior economist at Wells Fargo. "The time is fast approaching when the Fed will signal that the pace of rate cuts will slow further, perhaps to an every-other-meeting pace starting in 2025."
The consumer price index rose 0.2% for the fourth straight month, the Labor Department's Bureau of Labor Statistics said. The increase was in line with economists' expectations.
A 0.4% rise in the cost of shelter, which includes rents as well as hotel and motel rooms, accounted for more than half of the increase in the monthly CPI. Shelter costs gained 0.2% in September.
In the 12 months through October, the CPI advanced 2.6% after climbing 2.4% in September.
The uptick in annual inflation also reflected last year's low reading dropping out of the calculation. Frustration over inflation helped to propel Republican Donald Trump to victory in last week's presidential election, defeating Democratic Party candidate and Vice President Kamala Harris.
Economists are, however, forecasting higher inflation next year if Trump forges ahead with his economic policies, including tax cuts and higher tariffs on imported goods. He has also vowed mass deportations of undocumented immigrants, which economists say will shrink the labor supply, raising costs for businesses that are then passed on to consumers.
Though the U.S. central bank is expected to lower rates again in December, economists see the scope for more cuts next year as limited. U.S. Treasury yields have surged as investors expect the president-elect's policies will proceed unhindered, with Republicans controlling the U.S. Senate and on the verge of clinching the House of Representatives.
#PNUTSurge $BTC
"Progress on inflation has started to stall," said Michael Pugliese, a senior economist at Wells Fargo. "The time is fast approaching when the Fed will signal that the pace of rate cuts will slow further, perhaps to an every-other-meeting pace starting in 2025."
The consumer price index rose 0.2% for the fourth straight month, the Labor Department's Bureau of Labor Statistics said. The increase was in line with economists' expectations.
A 0.4% rise in the cost of shelter, which includes rents as well as hotel and motel rooms, accounted for more than half of the increase in the monthly CPI. Shelter costs gained 0.2% in September.
In the 12 months through October, the CPI advanced 2.6% after climbing 2.4% in September.
The uptick in annual inflation also reflected last year's low reading dropping out of the calculation. Frustration over inflation helped to propel Republican Donald Trump to victory in last week's presidential election, defeating Democratic Party candidate and Vice President Kamala Harris.
Economists are, however, forecasting higher inflation next year if Trump forges ahead with his economic policies, including tax cuts and higher tariffs on imported goods. He has also vowed mass deportations of undocumented immigrants, which economists say will shrink the labor supply, raising costs for businesses that are then passed on to consumers.
Though the U.S. central bank is expected to lower rates again in December, economists see the scope for more cuts next year as limited. U.S. Treasury yields have surged as investors expect the president-elect's policies will proceed unhindered, with Republicans controlling the U.S. Senate and on the verge of clinching the House of Representatives.
#PNUTSurge $BTC
IMROZE:
#USInflationAboveTarget
Be Careful with Your Future Position!
📈 U.S. Inflation Alert 📉
If inflation in the U.S. hits 2.6%, it could prompt the Federal Reserve to adjust interest rates. Why? The Fed seeks to maintain a balance between supporting economic growth and keeping inflation under control.
Here's what this means for the economy and your investments:
Moderate Inflation: Can support steady consumer spending and stable growth.
Purchasing Power Impact: If wages don’t keep pace, purchasing power could be slightly affected.
Market Confidence: With inflation near the Fed's target, markets might remain confident. However, cautious policy adjustments may still be needed.
🧐 Keep an Eye on the Fed's Moves: This rate may seem close to the target, but even slight adjustments can shift market dynamics. Plan your investments accordingly!
$BTC
#USInflationAboveTarget
#CPIUpdateOctober
#doge⚡
📈 U.S. Inflation Alert 📉
If inflation in the U.S. hits 2.6%, it could prompt the Federal Reserve to adjust interest rates. Why? The Fed seeks to maintain a balance between supporting economic growth and keeping inflation under control.
Here's what this means for the economy and your investments:
Moderate Inflation: Can support steady consumer spending and stable growth.
Purchasing Power Impact: If wages don’t keep pace, purchasing power could be slightly affected.
Market Confidence: With inflation near the Fed's target, markets might remain confident. However, cautious policy adjustments may still be needed.
🧐 Keep an Eye on the Fed's Moves: This rate may seem close to the target, but even slight adjustments can shift market dynamics. Plan your investments accordingly!
$BTC
#USInflationAboveTarget
#CPIUpdateOctober
#doge⚡
#USInflationAboveTarget
$BTC
The U.S. inflation rate has indeed been persistently above the Federal Reserve's 2% target for most of the recent period, driven by factors like supply chain disruptions, rising energy costs, and strong consumer demand. As of recent reports, inflation has shown some signs of moderation but remains elevated compared to historical norms. The Fed has responded by raising interest rates multiple times to curb demand and bring inflation closer to the target level.
However, the Federal Reserve remains cautious, as various elements like labor market conditions, geopolitical issues, and global economic trends still contribute to inflationary pressures. The timeline for inflation returning fully to the target level is uncertain and depends on a range of domestic and international economic developments.
$BTC
The U.S. inflation rate has indeed been persistently above the Federal Reserve's 2% target for most of the recent period, driven by factors like supply chain disruptions, rising energy costs, and strong consumer demand. As of recent reports, inflation has shown some signs of moderation but remains elevated compared to historical norms. The Fed has responded by raising interest rates multiple times to curb demand and bring inflation closer to the target level.
However, the Federal Reserve remains cautious, as various elements like labor market conditions, geopolitical issues, and global economic trends still contribute to inflationary pressures. The timeline for inflation returning fully to the target level is uncertain and depends on a range of domestic and international economic developments.
Us market inflation in cryptocurrency!!
The US crypto market has been experiencing a surge, with Bitcoin crossing the $90,000 level for the first time, fueled by Donald Trump's pledge to reduce cryptocurrency regulations ¹. This increase is also linked to the rising inflation rate in the US, which reached 2.6% in October 2024 ².
Inflation, in simple terms, is the process by which a currency loses value over time, causing prices of goods to rise ³. This can impact the crypto market, as investors may seek alternative assets like Bitcoin, which is often touted as a hedge against inflation ⁴.
Key Market Trends:
• Bitcoin Price Surge: Bitcoin gained 3.63% to $91,519.00, while Ethereum rose 0.46% to $3,295.60 ¹.
• US Dollar Rise: The US dollar rose to its highest level since April 16, fueled by increasing inflation data ¹.
• Inflation Rate Increase: The US inflation rate increased to 2.60% in October from 2.40% in September of 2024 ².
These trends indicate a shifting market landscape, with investors eyeing crypto as a potential hedge against inflation. However, it's essential to keep in mind that the crypto market is highly volatile and subject to change ¹!!
#USInflationAboveTarget
#CryptoNewss
Inflation, in simple terms, is the process by which a currency loses value over time, causing prices of goods to rise ³. This can impact the crypto market, as investors may seek alternative assets like Bitcoin, which is often touted as a hedge against inflation ⁴.
Key Market Trends:
• Bitcoin Price Surge: Bitcoin gained 3.63% to $91,519.00, while Ethereum rose 0.46% to $3,295.60 ¹.
• US Dollar Rise: The US dollar rose to its highest level since April 16, fueled by increasing inflation data ¹.
• Inflation Rate Increase: The US inflation rate increased to 2.60% in October from 2.40% in September of 2024 ².
These trends indicate a shifting market landscape, with investors eyeing crypto as a potential hedge against inflation. However, it's essential to keep in mind that the crypto market is highly volatile and subject to change ¹!!
#USInflationAboveTarget
#CryptoNewss
🚀 Ethereum Sees $600M Inflow – Positive Sign for the Market! 🚀
🔹 Ethereum Inflow:
Over $600 million poured into #Ethereum this week, signaling strong interest and potential momentum for the crypto market! 💰📈
🔹 Key Concern:
For #Altcoins to truly thrive, yields will need to decline—something to keep an eye on! 📉🌐
🔹 CPI Day Impact:
Today’s CPI report could shift the yield environment, potentially paving the way for a stronger altcoin performance if inflation data aligns. 📊🔥
📲 Stay tuned for more updates as the market reacts!
#USInflationAboveTarget
🔹 Ethereum Inflow:
Over $600 million poured into #Ethereum this week, signaling strong interest and potential momentum for the crypto market! 💰📈
🔹 Key Concern:
For #Altcoins to truly thrive, yields will need to decline—something to keep an eye on! 📉🌐
🔹 CPI Day Impact:
Today’s CPI report could shift the yield environment, potentially paving the way for a stronger altcoin performance if inflation data aligns. 📊🔥
📲 Stay tuned for more updates as the market reacts!
#USInflationAboveTarget
Revisual:
Where
🚀 $PEPE just shattered its all-time high, now trading at $0.00002457, up a massive 75% in the past 24 hours! With strong momentum and an RSI in the overbought zone, could it be on track to knock out another zero? Caution: High volatility ahead, but traders are watching closely for the next big move!
#USInflationAboveTarget #CPIUpdateOctober #PEPEATH
#USInflationAboveTarget #CPIUpdateOctober #PEPEATH
CryptoProInsight:
It’s a tough question, bro. I coded this and the price is 1 hour timeframe. Keep changing every hour.
$NEIRO Next target:
Based on the NEIRO/USDT chart analysis:
1. **Immediate Targets**:
- **Upside Target**: If the price holds above the EMA(25) and maintains bullish momentum, the next target would be around **0.00278000** (recent high). Breaking this resistance could push the price toward **0.00311729**.
- **Downside Target**: If the price fails to hold above the EMA(25) and breaks below the support level of **0.00225350**, the next support could be closer to **0.00208594** (around the EMA(99)).
2. **Indicators**:
- Watch for the Stochastic RSI and RSI moving upward, which would support an upward target. If these indicators start declining, it may indicate a bearish move towards the downside target.
#USInflationAboveTarget #CPIUpdateOctober
Based on the NEIRO/USDT chart analysis:
1. **Immediate Targets**:
- **Upside Target**: If the price holds above the EMA(25) and maintains bullish momentum, the next target would be around **0.00278000** (recent high). Breaking this resistance could push the price toward **0.00311729**.
- **Downside Target**: If the price fails to hold above the EMA(25) and breaks below the support level of **0.00225350**, the next support could be closer to **0.00208594** (around the EMA(99)).
2. **Indicators**:
- Watch for the Stochastic RSI and RSI moving upward, which would support an upward target. If these indicators start declining, it may indicate a bearish move towards the downside target.
#USInflationAboveTarget #CPIUpdateOctober
Adelle Janszen PQur:
what is rsi ????
$PEPE /USDT SIGNAL ALERT: Momentum Building!
On the 15-minute chart, $PEPE is showing signs of momentum with the current price at 0.00002322.
Key levels to watch include resistance at 0.00002350, where a breakout could signal further upside, and support at 0.00002200, which is crucial for maintaining the bullish trend.
An entry around 0.00002320 could be ideal if the price stabilizes.
For profit-taking, target levels are set at 0.00002360 as the initial goal, 0.00002380 for incremental gains, and 0.00002400 if the upward momentum sustains.
To manage risk, a stop loss at 0.00002180 is recommended in case of a reversal. Keep an eye on these levels as $PEPE approaches critical zones that may lead to decisive moves.
Adjust positions accordingly to optimize potential gains.
#BBCeDeFi #USInflationAboveTarget
On the 15-minute chart, $PEPE is showing signs of momentum with the current price at 0.00002322.
Key levels to watch include resistance at 0.00002350, where a breakout could signal further upside, and support at 0.00002200, which is crucial for maintaining the bullish trend.
An entry around 0.00002320 could be ideal if the price stabilizes.
For profit-taking, target levels are set at 0.00002360 as the initial goal, 0.00002380 for incremental gains, and 0.00002400 if the upward momentum sustains.
To manage risk, a stop loss at 0.00002180 is recommended in case of a reversal. Keep an eye on these levels as $PEPE approaches critical zones that may lead to decisive moves.
Adjust positions accordingly to optimize potential gains.
#BBCeDeFi #USInflationAboveTarget
🚨 $NEAR Liquidation Carnage! 🚨
A jaw-dropping $171,000 long position on $NEAR was obliterated at $5.075!
The price took a brutal dive, and just like that, this massive trade was liquidated, leaving behind nothing but wreckage.
$NEAR With the pressure mounting and liquidations snowballing, traders are on edge—who's next?
The market is on high alert as volatility surges, and the risk is palpable.
Are we heading for a bloodbath or a reversal? Strap in, it’s getting intense!
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Devcon2024
A jaw-dropping $171,000 long position on $NEAR was obliterated at $5.075!
The price took a brutal dive, and just like that, this massive trade was liquidated, leaving behind nothing but wreckage.
$NEAR With the pressure mounting and liquidations snowballing, traders are on edge—who's next?
The market is on high alert as volatility surges, and the risk is palpable.
Are we heading for a bloodbath or a reversal? Strap in, it’s getting intense!
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Devcon2024
Long 🟢
$APT/USDT
Entry: 11.50, 11.30
Target
1: 11.70
2: 11.90
3: 12.20
4: 12.50
5: 13.00
SL: 10.95 ❌
Laverage: 10X to 20X
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Write2Earn!
$APT/USDT
Entry: 11.50, 11.30
Target
1: 11.70
2: 11.90
3: 12.20
4: 12.50
5: 13.00
SL: 10.95 ❌
Laverage: 10X to 20X
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket #Write2Earn!
$ADA Liquidation Shockwave!
A colossal $198K long position just got obliterated at $0.564!
This is no ordinary drop; it’s a full-on shakeout as ADA sweeps the floor from under over-leveraged bulls.
The market giveth, and it taketh away, and today it’s taking big!
Who’s brave enough to step back in, and who will be next to face the heat?
This rollercoaster is far from over—hold tight!
#USInflationAboveTarget #MemecoinWars #PEPEATH #TrumpNominatesMuskDOGE
#TrumpNominatesMuskDOGE
A colossal $198K long position just got obliterated at $0.564!
This is no ordinary drop; it’s a full-on shakeout as ADA sweeps the floor from under over-leveraged bulls.
The market giveth, and it taketh away, and today it’s taking big!
Who’s brave enough to step back in, and who will be next to face the heat?
This rollercoaster is far from over—hold tight!
#USInflationAboveTarget #MemecoinWars #PEPEATH #TrumpNominatesMuskDOGE
#TrumpNominatesMuskDOGE
Square-Creator-78929f9632776d760d16:
I liquidated half of what I had, it has me tired, always promising and never going up, I should have sold when it reached $3, if it reaches $1 I sell the rest and forget about Cardano
🚨 Attention $PNUT Holders! 🚨 Pump turns into a massive dump!
$PNUT has skyrocketed over 4000% since launch, fueled by creator-driven hype. But beware – they’re now cashing out, and the price could tumble to $0.90 by today. Act fast before this pump turns into a massive dump! Protect your gains and stay safe! #PNUT #CryptoAlert #USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket
$PNUT has skyrocketed over 4000% since launch, fueled by creator-driven hype. But beware – they’re now cashing out, and the price could tumble to $0.90 by today. Act fast before this pump turns into a massive dump! Protect your gains and stay safe! #PNUT #CryptoAlert #USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #MidNovemberMarket
Ayesha kanwal:
70per sell 30per hold enjoy profit
Top 5 Meme Coins for Explosive Gains by December 2024!
Invest $500 for a potential moonshot:
*Meme Coin Rankings:*
1. Dogecoin ($DOGE) - 100,000% potential gain
2. Shiba Inu ($SHIB) - 100,000% potential gain
3. Floki Inu ($FLOKI) - 100,000% potential gain
4. SafeMoon (SAFEMOON) - 100,000% potential gain
5. Baby Doge Coin (BABYDOGE) - 100,000% potential gain
*Investment Strategy:*
1. Split $500 across these coins ($100 each)
2. Expect 10%-50% gains (or more!)
3. Dollar-cost average for smoother entries
4. Monitor market trends and adjust
*Risk Reminder:*
- Meme coins are volatile
- Price swings are intense
- Regulatory shifts may impact valuations
- Use stop-loss strategies and invest responsibly
Disclaimer: Not financial advice. Do your own research.
#MemeCoins #USInflationAboveTarget #CPIUpdateOctober
Invest $500 for a potential moonshot:
*Meme Coin Rankings:*
1. Dogecoin ($DOGE) - 100,000% potential gain
2. Shiba Inu ($SHIB) - 100,000% potential gain
3. Floki Inu ($FLOKI) - 100,000% potential gain
4. SafeMoon (SAFEMOON) - 100,000% potential gain
5. Baby Doge Coin (BABYDOGE) - 100,000% potential gain
*Investment Strategy:*
1. Split $500 across these coins ($100 each)
2. Expect 10%-50% gains (or more!)
3. Dollar-cost average for smoother entries
4. Monitor market trends and adjust
*Risk Reminder:*
- Meme coins are volatile
- Price swings are intense
- Regulatory shifts may impact valuations
- Use stop-loss strategies and invest responsibly
Disclaimer: Not financial advice. Do your own research.
#MemeCoins #USInflationAboveTarget #CPIUpdateOctober
$PNUT Tonight Up and Down target:
For a short-term target tonight, here’s a quick analysis:
1. Immediate Upside Target: If the bullish momentum continues, PNUT/USDT could aim for 2.45 USDT again, which is the nearest resistance level. Breaking this could lead to a quick move toward 2.60 USDT.
2. Support Levels: On the downside, if a pullback happens, 2.0 USDT is a key support to watch. A break below this could see PNUT testing lower support at 1.70 USDT.
Given the high RSI, there’s a chance of consolidation or a minor pullback before a further move up. If buying pressure continues, reaching 2.45 or slightly higher tonight is possible.
#USInflationAboveTarget #CPIUpdateOctober
For a short-term target tonight, here’s a quick analysis:
1. Immediate Upside Target: If the bullish momentum continues, PNUT/USDT could aim for 2.45 USDT again, which is the nearest resistance level. Breaking this could lead to a quick move toward 2.60 USDT.
2. Support Levels: On the downside, if a pullback happens, 2.0 USDT is a key support to watch. A break below this could see PNUT testing lower support at 1.70 USDT.
Given the high RSI, there’s a chance of consolidation or a minor pullback before a further move up. If buying pressure continues, reaching 2.45 or slightly higher tonight is possible.
#USInflationAboveTarget #CPIUpdateOctober
sherali1989:
what u think going High again
$PNUT Next target:
Based on the current momentum and chart indicators, here are potential short-term targets for PNUT/USDT:
1. Immediate Resistance: The next target is around 2.45 USDT, which is the recent high. Breaking this level with strong volume could signal further gains.
2. Next Target: If 2.45 USDT is broken, the next resistance area could be around 3.0 USDT, given the strong bullish sentiment. This level might act as a psychological resistance.
3. Support Level: If a pullback occurs, watch for support at 1.70 USDT and 1.55 USDT (near the 7 EMA). Holding these levels would be critical to sustain the bullish trend.
Stay cautious, as the high RSI indicates a potential pullback or consolidation before further upward movement.
#USInflationAboveTarget #CPIUpdateOctober
Based on the current momentum and chart indicators, here are potential short-term targets for PNUT/USDT:
1. Immediate Resistance: The next target is around 2.45 USDT, which is the recent high. Breaking this level with strong volume could signal further gains.
2. Next Target: If 2.45 USDT is broken, the next resistance area could be around 3.0 USDT, given the strong bullish sentiment. This level might act as a psychological resistance.
3. Support Level: If a pullback occurs, watch for support at 1.70 USDT and 1.55 USDT (near the 7 EMA). Holding these levels would be critical to sustain the bullish trend.
Stay cautious, as the high RSI indicates a potential pullback or consolidation before further upward movement.
#USInflationAboveTarget #CPIUpdateOctober
zeeboyy:
ok
US Inflation Rises To 2.6%, Bitcoin & Altcoins To Retreat?
The latest data showed that the US inflation comes in at 2.6%, a surge from 2.4% noted in September, sparking"" discussions in the crypto market. Notably, the market participants were also anticipating the inflation figures to come in,, hotter, which has so far kept the investors on the sideline today. This robust figure has also sparked concerns over the Fed’s,, potential move with their monetary policy plans ahead.
Besides, it also triggered (discussions) over its potential impact on Bitcoin and the altcoin prices.US Inflation,, Comes In At 2.6%
According to the latest Labor( Department) report, the US inflation comes in at 0.2% in October,,, unchanged from the previous month’s figure. However, on a year-over-year basis, the (inflation) figure came in at 2.6%, a surge from the 2.4% figure noted in the prior month. This YoY surge marks the first increase in the -last eight months, sparking market concerns.
Simultaneously, the Core CPI, which excludes the food and energy prices, was at 0.3% in October, (unchanged) from the prior month’s reading and in -line with the market expectations. In addition, the Core CPI on a YoY basis also remained unchanged at 3.3%.
These hotter-than-expected US inflation figures have sparked concerns over the US Fed’s next move with!! their monetary policy plans. As the figures are closely monitored by the central bank, it is expected that this figure would pave the way for a potential hawkish path by the Fed ahead. Besides, it can also weigh on the (investors)’ sentiment, which in turn could impact the Bitcoin and altcoins prices.
What’s Next For Bitcoin and Altcoins?The Bitcoin price has noted a strong rally from last week, reaching nearly $90k to its ATH after Donald Trump’s win. On the other hand, the top (altcoins) also noted a strong rally following Bitcoin. However, the rally seems to have muted today, as investors awaited the US CPI inflation figures.
Now, with the hotter-than-anticipated US inflation figures, many are seeking clarity on its potential impact on crypto prices. Notably, the hotter-than-anticipated US inflation figures have (sparked) concerns over the Fed’s hawkish move ahead with their rate hike plans. Despite that, the crypto market remained strong.
According to the CME FedWatch Tool, there is a 58.7% chance of another 25 bps point cut by the Fed at their December gathering. Previously, the percentage was up at 63% before the release. The US Dollar Index fell 0.27% to $105.672, while the US 10-year Bond Yield slumped 0.88% to 4.397.However, despite that, the investors appear to be shifting their focus again towards the crypto market. BTC price today rose nearly 4% to $88,884 during writing, with Bitcoin Futures Open Interest rose 2%. On the other hand, Ethereum also erased some of its recent losses and exchanged hands at $3,205.
Despite the bullish sentiment, CryptoQuant founder Ki Young Ju sounded the alarm on the overleveraged BTC-USDT perpetual market, citing a 2.7x increase from early this year and an all-time high. Urging caution, Ju emphasized that- while Bitcoin price potential remains uncertain, the impending leverage unwind will bring (significant) pain.
Despite short-term concerns, Ju reaffirmed his long-term bullish stance on Bitcoin. This long-term bullish (forecast) also aligns with market experts like Peter Brandt, who expects a BTC’s run towards the north ahead.
Besides, it also triggered (discussions) over its potential impact on Bitcoin and the altcoin prices.US Inflation,, Comes In At 2.6%
According to the latest Labor( Department) report, the US inflation comes in at 0.2% in October,,, unchanged from the previous month’s figure. However, on a year-over-year basis, the (inflation) figure came in at 2.6%, a surge from the 2.4% figure noted in the prior month. This YoY surge marks the first increase in the -last eight months, sparking market concerns.
Simultaneously, the Core CPI, which excludes the food and energy prices, was at 0.3% in October, (unchanged) from the prior month’s reading and in -line with the market expectations. In addition, the Core CPI on a YoY basis also remained unchanged at 3.3%.
These hotter-than-expected US inflation figures have sparked concerns over the US Fed’s next move with!! their monetary policy plans. As the figures are closely monitored by the central bank, it is expected that this figure would pave the way for a potential hawkish path by the Fed ahead. Besides, it can also weigh on the (investors)’ sentiment, which in turn could impact the Bitcoin and altcoins prices.
What’s Next For Bitcoin and Altcoins?The Bitcoin price has noted a strong rally from last week, reaching nearly $90k to its ATH after Donald Trump’s win. On the other hand, the top (altcoins) also noted a strong rally following Bitcoin. However, the rally seems to have muted today, as investors awaited the US CPI inflation figures.
Now, with the hotter-than-anticipated US inflation figures, many are seeking clarity on its potential impact on crypto prices. Notably, the hotter-than-anticipated US inflation figures have (sparked) concerns over the Fed’s hawkish move ahead with their rate hike plans. Despite that, the crypto market remained strong.
According to the CME FedWatch Tool, there is a 58.7% chance of another 25 bps point cut by the Fed at their December gathering. Previously, the percentage was up at 63% before the release. The US Dollar Index fell 0.27% to $105.672, while the US 10-year Bond Yield slumped 0.88% to 4.397.However, despite that, the investors appear to be shifting their focus again towards the crypto market. BTC price today rose nearly 4% to $88,884 during writing, with Bitcoin Futures Open Interest rose 2%. On the other hand, Ethereum also erased some of its recent losses and exchanged hands at $3,205.
Despite the bullish sentiment, CryptoQuant founder Ki Young Ju sounded the alarm on the overleveraged BTC-USDT perpetual market, citing a 2.7x increase from early this year and an all-time high. Urging caution, Ju emphasized that- while Bitcoin price potential remains uncertain, the impending leverage unwind will bring (significant) pain.
Despite short-term concerns, Ju reaffirmed his long-term bullish stance on Bitcoin. This long-term bullish (forecast) also aligns with market experts like Peter Brandt, who expects a BTC’s run towards the north ahead.
🔮 What’s Next for LUNC?
With increasing token burns and new partnerships, $LUNA
Classic is on the verge of something big. The ongoing burns will continue to reduce the supply, creating a scarcity effect and potentially boosting the token’s value over time. As trading volumes rise, LUNC’s value could soar, offering incredible opportunities for early investors.
Why You Should Keep an Eye on $LUNC
:
Massive Burn Events: More burns are expected as Binance and the community rally together to reduce supply.
Growing Market Excitement: New trading pairs and increased activity are fueling the LUNC rally.
Recovery Potential: LUNC’s journey toward recovery is showing early signs of success, with bullish sentiment building in the market.
Join the LUNC Revolution!
Now is the time to get involved as #TerraLunaClassic sets the stage for explosive growth. Whether you’re a seasoned trader or just entering the world of crypto, LUNC’s potential for recovery and its burn strategy could set the foundation for life-changing gains.
Stay tuned and get ready for what could be one of the most exciting LUNC moments yet!
#USInflationAboveTarget
Classic is on the verge of something big. The ongoing burns will continue to reduce the supply, creating a scarcity effect and potentially boosting the token’s value over time. As trading volumes rise, LUNC’s value could soar, offering incredible opportunities for early investors.
Why You Should Keep an Eye on $LUNC
:
Massive Burn Events: More burns are expected as Binance and the community rally together to reduce supply.
Growing Market Excitement: New trading pairs and increased activity are fueling the LUNC rally.
Recovery Potential: LUNC’s journey toward recovery is showing early signs of success, with bullish sentiment building in the market.
Join the LUNC Revolution!
Now is the time to get involved as #TerraLunaClassic sets the stage for explosive growth. Whether you’re a seasoned trader or just entering the world of crypto, LUNC’s potential for recovery and its burn strategy could set the foundation for life-changing gains.
Stay tuned and get ready for what could be one of the most exciting LUNC moments yet!
#USInflationAboveTarget
Papou_00:
that's it 👍
🙏Everyone please share immediately 🙏🇺🇸
$SHIB owner SHYTOSHI KUSAMA Step down & hand over to #shiba⚡ ownership USA 🇺🇸 one of big Billionaire ( like DOGCOIN). Kusama can't do anything now. 5 years but SHIB no any fair performances yet. " Unsuccessful SHYTOSHI " decision for SHIB future $1 ( Please support share) ASAP do it for future SHIB coin 🙏 SHIB already dangerous milestone 🙏
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #cryptomarketcapATH
$SHIB owner SHYTOSHI KUSAMA Step down & hand over to #shiba⚡ ownership USA 🇺🇸 one of big Billionaire ( like DOGCOIN). Kusama can't do anything now. 5 years but SHIB no any fair performances yet. " Unsuccessful SHYTOSHI " decision for SHIB future $1 ( Please support share) ASAP do it for future SHIB coin 🙏 SHIB already dangerous milestone 🙏
#USInflationAboveTarget #CPIUpdateOctober #TrumpNominatesMuskDOGE #cryptomarketcapATH
frog French:
Anything 😂😂😂😂😂
#ETH/USDT
SHORT/SELL
ENTRY PRICE
3350 TO 3450
TARGETS
3200
3140
3000
2900
🛑STOPLOSS 3650
USE LOW MARGIN
LEVERAGE 3X TO 5X
MARGIN 2% OF YOUR FUTURE WALLET
#Write2Earn!
#USInflationAboveTarget
#CPIUpdateOctober
$ETH
SHORT/SELL
ENTRY PRICE
3350 TO 3450
TARGETS
3200
3140
3000
2900
🛑STOPLOSS 3650
USE LOW MARGIN
LEVERAGE 3X TO 5X
MARGIN 2% OF YOUR FUTURE WALLET
#Write2Earn!
#USInflationAboveTarget
#CPIUpdateOctober
$ETH
help me-to-build-house:
When do u think to go long?