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BREAKING: ๐บ๐ธ Trump appointed Elon Musk to lead Department of Government Efficiency (
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Coin: โ๏ธ $XRP ๐ฏ I'm waiting for the price to approach one of the boundaries, then I'll look for confirmation โ๏ธ Just look at how much liquidity the token is leaving behind on its way up! Hereโs one of my favorite formations โ Range. We wait for the setup to play out, and I'll share the results with you ๐ฉ
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$NULS analysis: Support Area: $0.253-$0.26 Resistance Area: $0.414-$0.43 Price has broken through the support area and is now retesting it. You can open a long position with a stop loss set at the support area. We might see a bounce from this support level. #FavoriteToken
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๐ช $SOL - Is There Growth Potential? this token, so let's analyze SOL from both technical and fundamental perspectives ๐ฉ ๐ Let's start with the facts: ๐ Solana is one of the few altcoins that has reached a new ATH in this cycle. ๐ For the first time since 2016, Solana has surpassed Ethereum in the number of developers (not those employed by the projects, but independent devs building on these blockchains). ๐ TVL on Solana accounts for nearly 10% of all blockchain TVL. ๐ผ These results are not random. Solana is a fast blockchain. Transactions are quick, and while fees are higher than L2 solutions, they remain relatively low. ๐ But the main driver of the hype is clear: the meme coin and shitcoin boom, which is happening largely on the SOL blockchain. All fees, trades, contract deployments, gas payments โ everything is processed on Solana, creating massive demand for SOL. โ ๏ธ It's important to remember that markets are cyclical, and we will likely enter a bear phase by the end of the year. However, I believe the final altcoin/meme coin hype wave will happen before the bull run ends. This summer could be particularly interesting, as we havenโt seen any major rallies yet. Traditionally, summer markets are less volatile, but this year might be different. Fundamentally, I see strong growth potential for SOL. ๐ฏ Now, letโs talk about the technical picture: ๐ธ Wyckoff distribution is forming. ๐ธ We are currently consolidating before a final UTAD impulse upward, after which a bearish phase for Solana could follow.# #FavoriteToken
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$RENDER /USDT ANALYSIS RENDER is currently trading above the horizontal demand zone of the descending triangle pattern, holding a key support level. However, the 21MA and the Ichimoku Cloud are acting as strong resistance barriers, restricting upward momentum. A decisive breakout above these resistance levels could signal a bullish reversal, while a breakdown below the demand zone may lead to further downside. It's important to wait for a confirmed move in either direction before making any trading decisions. Keep an eye on volume and price action for additional confirmation.
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BUY ALERT: BLACKROCK BUYING BTC AND ETH BlackRock currently hold $56.1B of BTC and $3.5B of ETH
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