🔼 The Base L2 network is experiencing a sharp increase in t | Mr_Tycoon23 on Binance Square

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Bullish

🔼 The Base L2 network is experiencing a sharp increase in the number of active addresses.
Their number has exceeded 1.05 million

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Here's today's analysis update for EGLD/USDT: The current trend for EGLD/USDT is slightly bullish, with a potential bounce from the current price due to liquidity taken and a double bottom pattern. After hitting the oversold zone, EGLD seems to be generating a trend change in the 20-period weighted average, which could take it to the $40 zone. Key Levels to Watch: - Support: $38, then $23 - Resistance: $50 (previous support), then $78 and $100 Technical Analysis: The Relative Strength Index (RSI) and other technical indicators suggest growth, with a possibility of a growth reaction from the 50% level. Momentum is mixed, as the MACD Line is above the MACD Signal Line (Bullish) but RSI is around 50 (Neutral). Trade Ideas: Consider long-term buy trades, targeting $50 and above. Short-term investors can consider sell trades, targeting $38 and below. Keep in mind that cryptocurrency markets are highly volatile. Always conduct thorough research and consider multiple sources before investing. $EGLD

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*Japan Bitcoin Acquisition Proposal: Samson Mow Urges 167,000 BTC Investment* After a conference promoting crypto adoption in Japan, Mow suggests the government acquire 167,000 BTC. Strict regulations and potential interest rate increases might influence the crypto market in Japan, potentially impacting Bitcoin's appeal as an investment. Peter Schiff highlights the recent record high in gold prices, suggesting that traditional safe-haven assets like gold may still be a preferred choice for investors. Following a Bitcoin and Layer 2 conference in Japan, aimed at promoting crypto adoption at a governmental level, Bitcoin advocate and JAN3 CEO Samson Mow has called on the Japanese government to acquire 167,000 BTC. His proposal highlights Bitcoin’s potential as a strategic asset in the country’s reserves. Mow’s push for Bitcoin investment comes after analyzing Japan’s gold reserves. He pointed out the country’s significant gold holdings and argued that Bitcoin could play a similar role in diversifying and securing national reserves. Japan’s 846 tons of gold, which account for only a small portion of its foreign exchange reserves, could be complemented by Bitcoin, providing a hedge against economic volatility. Mow confidently stated that Bitcoin is “the hardest asset in existence,” due to its finite supply. $BTC

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*C98/USDT ANALYSIS UPDATE* The C98USDT analysis update is looking bullish, with the price breaking out from its downtrend and closing above the major downtrend trendline. This suggests a potential continuation of bullish momentum, making it a great buy opportunity. The highlighted zone is of particular interest for possible buyback opportunities, with potential targets at 0.4880 and 0.5055. Key Levels: - Resistance: 0.593 - Support: 0.471-0.507 Market Sentiment: The market is watching closely for a breakout above this trendline, which could signal a potential shift in momentum toward the upside. If the price fails to break through resistance and reverses from current levels, a retest of the support zone seems likely. Technical Analysis: The Relative Strength Index (14) and Stochastic %K (14, 3, 3) indicate a neutral signal for short-term trading. Trade Ideas: Consider a long position with a target of 0.25 to 0.30 level, or a short position with a stop-loss at 0.43. Keep in mind that cryptocurrency markets are highly volatile, and thorough research is essential before investing. $C98

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*Solana’s POPCAT Poised for Mega Breakout, On-Chain Metrics Hint at Buy Opportunity* POPCAT’s Long/Short ratio currently stands at 0.1035, indicating bullish market sentiment among traders. POPCAT future open interest has increased by 30% in the last 24 hours, and 6.8% in the last four hours. *POPCAT Price Momentum* At press time, the meme coin is trading near $0.963 and has experienced a price surge of over 16% in the past 24 hours. During the same period, investor and trader participation has skyrocketed. According to CoinMarketCap data, POPCAT’s trading volume has increased by 130% in the last 24 hours. There is a high possibility that POPCAT could soar significantly and also make a new high. This time the sentiment has completely changed, and based on the recent performance there is a high possibility that the POPCAT price could soar significantly and also make a new high. Popcat (POPCAT), the popular Solana-based meme coin is poised for a significant upside rally as its on-chain metrics flash bullish signals near the breakout level. Over the past few days, POPCAT has been making a wave in the cryptocurrency landscape following a substantial price surge of over 40%. $SOL #SolanaUSTD

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*Ethereum Price Breaks $2,600: Is More Upside Ahead?* Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise. 🔹Ethereum started another increase from the $2,400 resistance. 🔹The price is trading above $2,550 and the 100-hourly Simple Moving Average. 🔹There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD The pair must clear the $2,650 resistance to continue higher in the near term. Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear the $2,450 and $2,500 resistance levels. The bulls even pushed the price above the $2,500 resistance. Recently, it was able to surpass the 76.4% Fib retracement level of the downward correction from the $2,633 swing high to the $2,528 low. The price is now showing positive signs and trading above the recent swing high of $2,633. Ethereum price is now trading above $2,635 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD. On the upside, the price seems to be facing hurdles near the $2,650 level or the 1.236 Fib extension level of the downward correction from the $2,633 swing high to the $2,528 low. $ETH #ETHUSDT.P

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