We are talking about this bull market cycle, the $rio coin i | sabir technical on Binance Square

Trending Articles

Bookmarked and Liked

sabir technical

--・155 views

We are talking about this bull market cycle, the $rio coin is king of the RWA sector 👑👇
I think its price in this bull market cycle exceeds $20 if it enters with high liquidity  
#BTC 

Disclaimer: Includes thrid-party opinions. No financial advice. May include sponsored content. See T&Cs.

0

Replies 1

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

sabir technical

@sabir

Explore More From Creator

The whale-tier transactions of Shiba Inu has been an important indicator for the asset's health and market activity. However, as we are seeing now, the 24-hour large transactions volume has plummeted below 1 trillion tokens, while showing 7.49 trillion earlier this week. The quantity of large transactions involving Shiba Inu has sharply decreased, according to recent on-chain data from IntoTheBlock. Just 45 large transactions were made in the last 24 hours, a dramatic decrease from the seven-day high of 285 transactions on June 18. A sharp decline in the volume of transactions occurs concurrently with this decrease in the overall number of transactions, from a peak of 7.68 trillion SHIB earlier this week to just 747.97 billion SHIB in the last 24 hours. The large transaction volume indicates the total amount of SHIB moved in these transactions. This decline is concerning because it points to a significant drop in the activity of whale investors who are frequently considered the primary driver of noteworthy market movements. This decline may be the result of multiple factors. First, big investors may be less interested in Shiba Inu as a result of a general decline in market sentiment. As the Shiba Inu chart indicates, the price of the asset is plunging beneath key moving averages and it looks like a trend to head for the token. The poor trading activity is reflected by the drop of RSI within the "oversold" area on a relatively low volume. Moreover, the rate is shifting beneath long-term shifting averages like 200 and 100, which is a sign of a sturdy bearish sentiment. Many ramifications may arise for the Shiba Inu market as a result of the decreased large transaction volume. SHIB's liquidity may suffer from fewer large transactions, which would increase its sensitivity to price volatility. A further drop in the price of SHIB could result from the lack of substantial buying activity from whale investors since there will be less selling pressure. #shiba⚡

--

made another breakout move. It has confirmed its local support of 15$. If bitcoin stays bullish, it will shoot up once again towards our next target of 39$ in a shorter timeframe. Keep an eye on this one. We've tracked 190% gains up to this point#CryptoTradingGuide #DSR

--

Crypto researcher recently outlined how Bitcoin may continue its bull run. The flagship coin has been declining since achieving its ATH of $73,750 in March earlier this year. Bitcoin will revive when “weak miners die and hash rate recovers.” He said that "inefficient miners running old hardware and high costs go into bankruptcy" as BTC sheds weak hands. Some are obliged to switch to more efficient hardware.” Miners' revenue normally halves after Bitcoin halving. Still, they pay the same expenses after halving. Willy Woo said this drive miners to sell BTC for losses or hardware upgrades. He blames these miners' acquiescence for BTC's price decline. Bitcoin is predicted to rebound significantly if these miners liquidate their holdings. The crypto expert said the miners' surrender this time is record-breaking since it took so long after the halving. He suspected that ordinal inscriptions had increased these miners' income. Willy Woo also noted that Bitcoin's hash rate recovery has been slower this cycle. He said BTC's hash rate recovered in 24 and 8 days in 2017 and 2020. This time, Bitcoin's hash rate hasn't recovered after 61 days. Rekt Capital maintains that Bitcoin will rebound shortly. He previously said Bitcoin's consolidation inside this range is normal, since the market has seen similar post-halving ranges. The expert also said that BTC is now re-accumulating after the Bitcoin halving. BTC will enter the ‘parabolic uptrend’ phase after this phase, which will drive it to its market peak for this cycle. Rekt Capital predicted a September start to the parabolic rise. According to past market cycles, BTC's market peak might occur in September or October next year. Bitcoin investors should not be frightened, according to Rekt Capital. He said Bitcoin may decline far enough to persuade everyone the bull run was gone, then continue its upward. #BTCFOMCWatch #BitcoinTherapist

--

While others are selling, the Australian #Bitcoin ETF keeps buying👈 #CryptoTradingGuide

--

$DXY - confirmed the flip from last week, pushing higher as expected This week we might see a drop or some sideways movement Bigger changes likely next week 🦾 #CertiKvsKraken #MicroStrategy

--

Latest News

Crypto Market Cycles and the Impact on Altcoins Like Cardano

--

Federal Reserve Likely to Maintain Interest Rates in August, Data Suggests

--

Cryptocurrency Investor Highlights Ripple's Expansion and Potential Adoption in Thailand

--

Artist Jiannan Huang's NFTs Sold Out, Plans To Launch 'BW3' High-End Club

--

Uniswap's Front-End Transaction Fees Reach $43.23 Million

--

Trending Articles

XRP Suffers Major Setback As Legal Expert Says Coin Set to Be Labeled a Security in California

Crypto Trading Guide: Exploring Crypto Trading Strategies, Risks, and Rewards

Bitcoin (BTC) Back At $64,000 but US Dollar (DXY) Continues to Ride High

Crypto Daily™

Ripple Legal Battle: California Judge Moves Lawsuit to Trial

California Judge Breaks With New York Counterpart, Sends Ripple Securities Lawsuit to Trial

Cookie Preferences

ba-one-trust-cookie