Binance Square
LIVE
LIVE
BEESYST
Bearish
--7.2k views
📈 Prediction (TIA and LINK): 😵 TIA/USDT - According to the analytical platform Coinglass, the open interest in #TIA has decreased by 50% over the last month. As of March 30, the indicator stood at $233 million. At the time of writing, it has dropped to $113 million. This indicates that investors preferred to exit their positions and wait for a more favorable moment. Forecast: Celestia's price is testing the $9.2 level. If it doesn't hold, the altcoin is expected to drop to the nearest support at $8.3. Its loss will confirm the bearish thesis and lead to further TIA correction down to $7. However, a bounce from the $8.3 level will help prevent the decline. Returning to $10 will offset half of the losses incurred and render the bearish scenario untenable. 📉 LINK/USDT - The recent correction has kept investors away from LINK: this is evident from the network's growth rates, which have fallen to an annual minimum. Forecast: At the time of writing, #LINK is trading below the crucial support at $13.2, which coincides with the 23.6% Fibonacci correction. If the altcoin fails to hold the current level of $12.7, it risks falling to $11.7 before bouncing back up. However, successful confirmation of the $13.2 level as support may lead to the start of a recovery. This will refute the bearish thesis and allow #Chainlink to rise to $14.8 and beyond. 👍 Enjoying this analysis? Share it with others!

📈 Prediction (TIA and LINK):

😵 TIA/USDT - According to the analytical platform Coinglass, the open interest in #TIA has decreased by 50% over the last month. As of March 30, the indicator stood at $233 million. At the time of writing, it has dropped to $113 million. This indicates that investors preferred to exit their positions and wait for a more favorable moment. Forecast: Celestia's price is testing the $9.2 level. If it doesn't hold, the altcoin is expected to drop to the nearest support at $8.3. Its loss will confirm the bearish thesis and lead to further TIA correction down to $7. However, a bounce from the $8.3 level will help prevent the decline. Returning to $10 will offset half of the losses incurred and render the bearish scenario untenable.

📉 LINK/USDT - The recent correction has kept investors away from LINK: this is evident from the network's growth rates, which have fallen to an annual minimum. Forecast: At the time of writing, #LINK is trading below the crucial support at $13.2, which coincides with the 23.6% Fibonacci correction. If the altcoin fails to hold the current level of $12.7, it risks falling to $11.7 before bouncing back up. However, successful confirmation of the $13.2 level as support may lead to the start of a recovery. This will refute the bearish thesis and allow #Chainlink to rise to $14.8 and beyond.

👍 Enjoying this analysis? Share it with others!

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.
0
Replies 2
Explore the lastest crypto news
⚡️ Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number
Relevant Creator
LIVE
@beesyst

Explore More From Creator

🪙 Crypto News (May 28, 2024): 1️⃣ Lookonchain: An unknown trader earned over $2.7 million by investing in the memecoin MAGA. In just three days, he increased his deposit by 505%. On May 24 and 25, 2024, he purchased 6 billion #MAGA for $537,000. By May 27, he sold 1.5 billion tokens for about $744,000. He still holds 4.5 billion MAGA, which are currently valued at $2.11 million. 💰 2️⃣ Taiko: The Taiko project, a Layer 2 solution for #Ethereum scaling, has launched its mainnet. This milestone follows a two-year development period. The final sixth testnet, named Katla (Alpha-6), was launched by the team in January. 🛠️ 3️⃣ Lookonchain: An anonymous investor made over $1.24 million in three and a half years by investing in the memecoin Shiba Inu (SHIB). On February 1, 2021, he spent 2 ETH ($2625 at that time) to buy 49.08 billion #SHIB on the decentralized exchange Uniswap. On May 27, 2024, he sold the assets for 278.7 ETH ($1.23 million). This means he increased his deposit by 419 times. 🐕 4️⃣ Ledger: #Ledger has announced the start of shipments for its new hardware crypto wallet, Stax. The device will be available for purchase on the official website once all pre-orders have been fulfilled. 🔒 5️⃣ Bloomberg: At least two of the largest Russian metal producers, not under sanctions, have begun using the stablecoin #USDT and other cryptocurrencies for international transactions. 🌐 😀 Enjoyed this update? Make sure to subscribe, like, or leave a comment below! Your feedback is greatly appreciated!
--
🔐 Cyber News (May 27, 2024): 1️⃣ Gala Games: The #hacker who breached the gaming platform Gala Games has returned the stolen 5913 ETH to the developers. As of now, these assets are valued at $22.2 million. 🎮💰 2️⃣ rthk: The Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong has concluded its investigation into Worldcoin. The agency determined that Worldcoin's operations violate the "Privacy Ordinance." The findings revealed breaches in data protection principles concerning the collection, storage, access, and correction of personal information. 🔍🛡️ 3️⃣ Coinbase: On May 22, 2024, the cryptocurrency exchange Coinbase announced the creation of the Tech Against Scams coalition. This partnership is designed to protect and educate users, as well as to fight against online fraud and illegal financial schemes. 🤝🚫 4️⃣ Bloomberg: The UK court has issued an interim ruling in a $5.6 billion investment fraud case. One of the defendants has been sentenced to 80 months in prison. Jian Wen was found guilty of laundering 150 #BTC worth over $10 million. The court believes these funds were obtained through a multi-billion dollar scheme carried out in China. ⚖️🚔 5️⃣ Cointelegraph: Reports indicate that celebrity accounts on X are being hacked en masse. On May 26, 2024, a crypto investor known as GCR announced that his account had been hacked and warned others not to click on any links. 📱🔐 👍 If you haven't subscribed yet, make sure to hit the subscribe button, give this post a like, or leave a comment below!
--
🪙 Crypto News (May 27, 2024): 1️⃣ Kabochan: On May 24, 2024, Kabosu, the dog who symbolizes the #Dogecoin (DOGE) token, passed away. She lived for 18 years and nearly seven months. 🐕❤️ 2️⃣ LAW60: Shane Haynes, the former CEO of Heartland Tri-State Bank, admitted to stealing $47.1 million of client funds, which led to the bank's collapse. He spent the stolen money on purchasing crypto assets. 💰🔒 3️⃣ Tom Emmer: The House of Representatives passed the "Countering Surveillance of Central Bank Digital Currency (CBDC)" bill. This legislation aims to prevent the Federal Reserve from promoting initiatives to issue a digital dollar. 📜🚫 4️⃣ Dadvan Yousuf: At 23, crypto entrepreneur Dadvan Yousuf unfurled a flag bearing the logo of the first cryptocurrency at the summit of Mount Everest, the highest point on Earth. He completed his ascent of the 8,848-meter peak on May 20, becoming the first Kurd and Iraqi to achieve this feat. Yousuf stated that by displaying the #Bitcoin symbol, he wanted to highlight global injustices in access to financial education. 🏔️🏴 5️⃣ Binance: The cryptocurrency exchange Binance announced a new #NFT collection in partnership with renowned Portuguese footballer Cristiano Ronaldo. The first batch of NFTs will be released on May 29. Users can purchase these items on the Binance NFT marketplace using Binance Pay. ⚽🎨 👍 If you haven't subscribed yet, be sure to do so! Don't forget to like and leave a comment!
--

Trending Articles

View More
Sitemap
Cookie Preferences
Platform T&Cs