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#SOLUSDT Holding Strong, But Bullish Breakout Needed $SOL is showing some resilience compared to other altcoins, with support at $125 holding firm on the 1D chart. This is definitely a positive sign! But... let's hold off on the champagne showers just yet. A true bullish breakout requires reclaiming $155 as resistance. For now, it's a waiting game. # $SOL #Binance #CryptoDecision
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Bitcoin Network Sees Second Largest Difficulty Reduction of 2024 The Bitcoin mining difficulty took a dip this week! On July 4th (block height 850,752), difficulty dropped by 5%, marking the second-biggest reduction of the year. This follows a similar decrease of 5.62% in May (block height 842,688). Both these adjustments come after the recent Bitcoin halving at block height 840,000. Interestingly, despite hashprice lows, the hashrate remains strong at 582.33 exahash per second (EH/s). What does this mean? This difficulty reduction might make mining a little easier in the short term. However, it also reflects a potential decrease in overall mining activity. Stay tuned for further updates! #Bitcoin #Mining #Halving #Binance
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Watching #PENDLE : Holding May Lows Key to Rebound? $PENDLE has seen a significant correction recently, falling from one of the market's strongest performers to one we're closely watching. We're interested to see how price reacts at these current lows, which coincide with those seen in May. If PENDLE can hold this support level, it could be a potential entry point for those looking to buy the dip. Please do your own research before making any investment decisions.
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Strong Solana ($SOL) Update: Bullish Signs Remain! $SOL is standing out as one of the few coins showing a strong uptrend on the high timeframe charts. It's currently holding steady around $140 and remains above the key Daily 200MA/EMA, a significant bullish indicator. While the market cools off, SOL has the potential to continue its climb this cycle. All it needs is a spark to reignite the momentum! Are you bullish on Solana? Share your thoughts in the comments! #SOL #Binance #Crypto
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#Bitcoin - Buckle Up for a Weekly Breakout! #BTC faces a critical weekly close after a 125-day consolidation breakdown! This breakout often leads to a significant price MOVE in the breakout direction. Two Possible Scenarios: Reclaim $60,000 by the weekly close: This dump could be a fakeout, sending the price soaring back to the $70,000+ range! Close below $60,000: This could lead to a revisit of the mid-range support ($44,233) before any potential upswing. Current Bias: Slightly bearish as we sit below $60,000. But Remember: If Bitcoin reclaims $60,000, $70,000+ could be on the horizon! What scenario are you betting on? Let's discuss in the comments! This is not financial advice.
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