🟠 Bitcoin Hashrate hits NEW ALL TIME HIGH of 642,000,000,00 | TopCryptoNews on Binance Square

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🟠 Bitcoin Hashrate hits NEW ALL TIME HIGH of 642,000,000,000,000,000,000 hashes/s ahead of the halving! ⚡️
$BTC #BTC #bitcoinhalving #Halving 

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💥 SUI Price Holds $2, Rising Channel Targets $3 Resistance Will the rising channel in SUI lead the price rally to $2.45 and set the stage for a breakout run to $3? With the altcoin finding the attention of smart money before the crypto bull run, SUI is poised for a massive rally. Surpassing the $2 mark, a post-retest in SUI teases a 50% surge to $3. Will the altcoin sustain a price jump to $3 as the MACD indicator remains uncertain? 🔸 #SUI Crypto Technical Analysis With a 3.71% jump in the past 24 hours, SUI is close to achieving the $6 billion market cap milestone. Currently, the market cap stands at $5.81 billion, with a 24-hour trading volume of $928 million. At press time, SUI is trading at $2.1070, with an intraday gain of 1.15%, following last night’s bullish reversal of $1.9745. This increases the possibility of a Morning Star pattern in the daily chart as SUI retests the $2 breakout. The 20-day EMA continues to provide dynamic support as the uptrend gains momentum. A break below the 20-day EMA will likely result in a price drop to the 78.60% Fibonacci level at $1.7492 in the daily chart. On closer inspection, the SUI price action in the 4-hour chart reveals a rising channel pattern. Currently, the rising channel pattern has retested the crucial zone near the $2 psychological mark, near the support trend line. 🔸 Is The $3 Price Target on SUI’s Radar? The MACD indicator shows the average line ready for a bullish crossover in the 4-hour chart, supporting the possibility of a bullish reversal. With a double bottom reversal near the support trend line, the SUI price action is starting a new positive cycle within the channel. This increases the possibility of a new all-time high formation closer to the $2.45 mark or the overhead resistance trend line. However, the SUI price action must surpass the overhead trendline for an extended rally. Based on the Fibonacci level in the daily chart, the uptrend can reach $3 at the 1.618 level.

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💸 Whale buys more LINK I propose to continue the column «Smart Whale Purchases» today. A large investor who holds LINK for over $6 million bought another $900,000 worth of this coin yesterday. Even with his average buy point below $10, he continues to build his position at current values. 📒 I think he is well aware of the momentum to be gained soon, so he is quietly doping even at higher levels. The technical condition of the asset, as well as other external factors indicate the continuation of the uptrend. #LINK #Chainlink

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📈 Why Injective (#INJ ) Price Rockets 10% Suddenly? Injective price skyrocketed more than 10% today, after the leading South Korean exchange Upbit announced to list the INJ token on its platform. Injective price has soared more than 10% today, crossing the brief $23 mark, echoing the positive sentiment hovering in the broader market. The rally comes as the INJ crypto secures a major listing on a leading Korean exchange, indicating the exchange’s confidence in the crypto. Besides, the market is anticipating the rally to continue, potentially hitting $24, which might propel further surge to a new ATH. 🔸 Why Injective Price Soared Today? A flurry of factors, including the positive sentiment in the broader crypto market, could have driven the crypto’s price higher today. However, it appears that the significant spike in Injective price today could be attributed to the listing announcement by the top South Korean crypto exchange, Upbit. Upbit recently announced that it would support INJ trading on its platform in both KRW (Korean Won) and USDT markets, offering flexibility to investors. This move has been seen by many as a vote of confidence in the crypto’s long-term value, given the exchange’s strict standards for listing new tokens. According to Upbit’s official announcement, trading for INJ will commence at 18:15 on October 17, 2024. The listing is expected to increase liquidity and attract new traders to Injective, potentially pushing its price higher in the coming days. Upbit has outlined specific rules for trading, including a temporary buy limit for the first five minutes to prevent price volatility, along with restrictions on sell orders below 10% of the previous day’s close. However, the exchange has set specific rules for the crypto’s trading. For instance, it has imposed a temporary buy limit for the first five minutes to avoid price volatility. In addition, it also set restrictions on sell orders below 10% of the previous day’s closing price.

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"Bitcoin ETFs have crossed $20b in total net flows (the most imp number, most difficult metric to grow in ETF world) for first time after huge week of $1.5b. For context, it took gold ETFs about 5yrs to reach same number. Total assets now $65b, also a high water mark." #BTC #Bitcoin

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📣 SUI Bulls Look to Shake Off FUD, Set Sights on 20% Rally Three days ago, Sui (SUI) reached a new all-time high of $2.36, but Fear, Uncertainty, and Doubt (FUD) surrounding a recent development overshadowed the achievement. Despite this, market investors remain confident that SUI will soon overcome the setback and break resistance levels again. This analysis explores the factors driving this sentiment and what SUI’s price could reach in the near term. 🔸 Traders Are Bullish on Sui Again Sui’s price is currently $2.12, down 10.63% from its all-time high of $2.36 on October 14. The decline may be tied to rumors of a $400 million insider sell-off of SUI, a claim the foundation has denied. During that time, Sui’s Funding Rate dropped into negative territory. The Funding Rate measures the difference between an asset’s perpetual futures price and its spot price. When the rate is high, traders favor long positions and are willing to pay to maintain them, reflecting bullish sentiment. On the other hand, a negative Funding Rate signals bearish sentiment, as short positions dominate and traders are paying longs to hold their positions. Currently, the Funding Rate has returned to positive territory, indicating that traders have moved past the FUD and are now expecting a significant rebound for Sui. In line with this outlook, the Balance of Power (BoP), which gauges the strength of buyers versus sellers, has risen. When the BoP drops, it indicates sellers (bears) are dominant, often leading to a price decline. However, an increasing BoP suggests that bulls (buyers) are outpacing the bears, which appears to be the case with SUI. This could signal that SUI’s price may climb above $2.11 in the short term. 🔸 SUI Price Prediction: New All-Time High Soon On the daily chart, SUI seems to have solid support, around $2.05. This support was vital to the initial move up to $2.36. With SUI’s price at $2.12, it appears that the same support is proving to be instrumental in cementing strength for the altcoin. #SUI

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