The global crypto-assets market is in an early-adoption phase and gaining traction and institutional buy-in seen by the development of CBDCs, crypto regulation (e.g. MiCA), and crypto-asset ETFs. The global crypto-assets market cap in just a decade crossed the Trillion-dollar (USD) mark. This hasn't been without market crashes.

Governments, retail and institutional investors are already adjusting to this change, and blockchain technologies behind crypto-assets continue to iterate and advance. Understanding crypto-assets market dynamics and trends is crucial for investors and traders looking to navigate bull and bear markets.

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Is $DOT Now Finally Ready To Skyrocket To The Moon ?

If Polkadot can continue building on the success and all the factors affecting the crypto markets also stay positive, then 2024 is going to be a bright year for DOT. As a result, Polkadot price prediction for 2024 contains a high of $22.50, an average price of $11, and a low of $5.50.

Polkadot is designed to enable different blockchains to interoperate seamlessly. Its innovative approach to cross-chain compatibility has positioned it as a key player in the crypto space. With ongoing development and increasing adoption, DOT is set for substantial growth in the near future. Polkadot's unique architecture and its ability to connect various blockchain networks offer a scalable and flexible solution for the next generation of decentralized applications.

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Wedges

Wedges are particularly significant as they signify potential trend reversals or continuations and are characterized by converging trendlines. Traders pay close attention to rising wedges, which may indicate a weakening uptrend, signaling trades to place a short order, or falling wedges, suggesting a potential reversal in a downtrend and signaling traders to place a long order. 

Forex traders use wedges to anticipate breakouts and adapt their strategies accordingly. They consider factors like trend strength, volume analysis, and other technical indicators to increase the reliability of their wedge pattern analysis.

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Ascending diamond

In the ascending diamond chart pattern, the upper trendline is sloping upward. The trading volume increases after the breakout above the upper trend line and here you can enter a long trade.

The stop-loss order should be placed below the lower trendline and the price target must be equal to the distance from the breakout point to the apex.

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Symmetrical diamond

In case of a symmetrical diamond pattern, the two converging trend lines have to be roughly symmetrical, connecting the swing highs and lows of the price chart.

Symmetrical diamond patterns can be both bullish and bearish. In the first case, the price moves upwards and the upper trendline slopes higher. In the bearish market, it’s the opposite, as the price moves downwards, and the downward trend line slopes lower.

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Diamond

As you can notice, diamond patterns take their name from the shape that they create as the market volatility expands and then contracts before the actual reversal. Diamond pattern signals the end of a bullish or a bearish trend. Mostly found at the top of uptrends, this pattern can also form near the bottom of bearish trends.

Diamond crypto chart patterns are among the most harmonic and complicated, yet very accurate chart patterns in trading.

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Falling wedge

It’s easy to guess that the falling wedge pattern is the complete opposite of the rising wedge pattern. Falling wedge patterns are bullish reversal chart patterns. They occur when there are higher highs and lower lows. It is possible to identify this kind of patterns when you can identify horizontal support and when the pattern occurs in the middle of an uptrend.

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Wedge

A pattern that forms at the tops or the bottoms of the trend are considered wedge patterns. This pattern is identified with converging straight lines and has two variations, the rising and the falling wedge patterns.

Rising wedge

The rising wedge pattern is a favourite for many traders as it offers a considerably high level of accuracy if it’s traded correctly. In this pattern, there are two converging lines that are leaning upward. This pattern usually results during a breakdown. When an asset price forms lower highs or visa versa, you know you are dealing with the rising wedge pattern.

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Triple bottom

A triple bottom pattern, the mirror version of triple top pattern, is a bullish chart pattern characterised by three equal lows. There should be an existing downtrend in place before the pattern occurs. The three lows should be roughly equal in price and spaced out from each other. The volume should drop throughout the pattern, indicating that the bears are losing strength while the bullish volume should increase as the price breaks out of the resistance.

When dealing with a triple bottom pattern, you should enter long at the breakout or at the first pullback after the breakout and place stop the loss below the resistance or previous support level.

The target will be the distance from the pattern lows to the resistance projected above the resistance.

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Injective Integrates OndoFinance, Boosting Institutional RWA Offerings.

Injective partners with OndoFinance, bringing USDY tokenized treasury instrument to its platform, enhancing institutional RWA offerings and capital efficiency.

ONDO is the native token of the Ondo Finance ecosystem. Ondo Finance seeks to bridge the gap between traditional and decentralised finance by improving accessibility to institutional grade financial products through tokenised real world assets.

$INJ is the native token of Injective Protocol, a blockchain protocol optimized for trading assets across different blockchains. It specializes in tokenized derivatives, including stock tokens – cryptocurrencies pegged to the price of stocks like Apple and Google.

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Triple top

Triple patterns, both top and bottom, share many similarities with double top and double bottom crypto chart patterns. A triple top pattern has three swing highs at around the same price level. The swing lows between them project a support line. The triple top represents the two failed attempts to push above the resistance level to continue with the existing uptrend as established by the first two swing highs.

For a triple top pattern volume should decrease with each upswing. Naturally, it hints at a trend reversal.

A breakdown below the support line confirms a bearish reversal. Look to sell on breakdown below the support level or on pullback to the support line after the breakdown. The volume should increase when price breaks out of the support line.

The stop loss can be placed above the breakdown candle or above the swing high depending on your risk appetite.

For the target objective, measure the height of the pattern from the support level to the swing high and then project it from the breakout point.

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Double bottom

The double bottom pattern is the mirror image of the double top pattern. It has two swing lows at around the same price level. The swing high in between them forms a resistance line or the neckline. In a double bottom pattern, the first swing low marks the extreme low of the existing downwards trend.

When the second swing low fails to push below the previous low, it indicates that the bears are not interested in taking the prices lower. It is a warning that a reversal might occur.

Once the market breaks above the resistance level it confirms the bullish reversal. Look to buy on the breakout above the resistance line or on pullback to the previous resistance line which now acts as a support after the breakout.

The volume should increase as price breaks out of the resistance line. The stop loss can be placed below the low of the breakout candle.

To get the target objective, measure the height of the pattern from the swing low to the resistance and then project it to the breakout point.

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Double top

A double top pattern, one of the most used patterns in crypto trading, has two swing highs at around the same price level and the swing in between them projects a support line.

In the double top pattern the first swing high marks the extreme high of an existing upwards trend. When the second swing high fails to push above it, it is a warning that a reversal might occur. Once the market breaks below the support level, it confirms the bearish reversal.

It’s better to sell on breakdown below the support line or on pullback to the previous support line which acts as resistance after the breakdown. As price breaks down the support line, the volume should start to increase. The stop loss can be placed above the breakdown candle highs.

To get the target objective, you need to measure the height of the pattern from the support to the swing high and then project it to the breakdown point.

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Inverse head and shoulders

The inverse head and shoulders pattern, also known as inverted head and shoulders pattern, has three swing lows. The middle swing low is the lowest of all three. The line connecting the two swing highs of the pattern is called the neckline.

In the bullish instance, the left shoulder and the head forms the lower lows highlighting the existing downwards trend. The right shoulder, by ending above the head or forming a higher low, halts the bearish trend. The break above the neckline confirms a change of trend to bullish. Hence, the inverse head and shoulders pattern is a reversal chart pattern.

Look to buy on breakout above the neckline or on pullback of the neckline after the breakout. The volume should increase during the breakout. Stop loss can be placed below the low of the breakout candle or below the right shoulder.

For the target, measure the distance between the neckline and the head, then project this distance from the breakout point.

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Head and shoulders

The head and shoulder pattern or the regular head and shoulders pattern has 3 swing highs. The middle swing high is the highest of all three and the line connecting the two swing low of the pattern is the neckline. Head and shoulders is one of the most powerful patterns in trading.

In the bearish instance the left shoulder and the head form higher highs highlighting the existing upwards trend. The right shoulder by ending below the head or forming a lower high halts the bullish trend. The break below the neckline confirms a change of trend to bearish. Hence the head and shoulders pattern is a reversal chart pattern.

The volume should increase during the breakdown. Stop loss can be placed above the high of the breakdown candle or above the right shoulder. For the target, measure the distance between the neckline and the head. Then project this distance from the breakdown point.

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Theta Fuel ($TFUEL ) is one of the leading digital assets in this rapidly expanding market and has already gained huge attention in the crypto market since its launch. 

What is Theta Fuel ($TFUEL ) ?

Theta Fuel (TFUEL) is a cryptocurrency that is used to power transactions and operations on the Theta blockchain network. The Theta network is a decentralized video delivery platform that allows users to stream high-quality video content, such as movies, TV shows, and esports events, without the need for centralized servers.

TFUEL is used as the transactional fuel of the Theta network, and it is used to pay for various services and functions, such as video transcoding, edge node caching, and content delivery. Users who contribute computing resources to the Theta network, such as bandwidth or storage, are rewarded with TFUEL as an incentive for helping to power the network.

The token is also used for governance, with TFUEL holders able to vote on changes to the network’s protocol and direction. Theta Fuel is a complementary token to the Theta Token ($THETA ), which is the primary governance and staking token of the Theta Network.


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Celstia $TIA is among the gainers today as seen from the price movements. Looking at an in-depth analysis, the Celestia price has recently reached the upper boundary of the Pitchfork channel, indicating potential resistance.

So What is Celestia?

Celestia is a modular blockchain network that acts as a data availability layer for rollups and layer 2 blockchains, enhancing their scalability. It uses a proof-of-stake (PoS) consensus mechanism and has a native token, TIA, which serves as a gas token, payment for data availability, and staking currency. TIA has a total supply of 1 billion tokens and is designed to be deflationary.

How is Celestia used?

Celestia ($TIA ) is used in several key ways within the Celestia ecosystem:

Data Availability: TIA is used to pay for data availability solutions, which are essential for rollup developers to publish data to Celestia's blobspace.

Gas Fees: TIA serves as a gas token for rollups, allowing developers to bootstrap their chains quickly without issuing a token immediately. This enables them to focus on building their application or execution layer.

Proof-of-Stake (POS) Consensus: As a POS chain, TIA is used for staking, where users can delegate their TIA to validators to secure the network and earn staking rewards.

Decentralized Governance: $TIA staking also enables the community to participate in decentralized governance, including voting on network parameters and managing the community pool, which receives 2% of block rewards.

Overall, TIA plays a crucial role in facilitating the development and security of the Celestia network.


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In a subsequent post, Mr. Biden endorsed Kamala:

“Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year. Democrats — it’s time to come together and beat Trump. Let’s do this.”

Trump reacts:

 Mr. Trump seized on the moment to criticize Mr. Biden, saying he was never fit to be president. Mr. Trump is also using the moment to raise money. In a message to would-be small-dollar donors, he said that “The WASHINGTON ESTABLISHMENT, the Hate-America Media, and the corrupt DEEP STATE did everything they could to protect Biden, but he just quit the race in COMPLETE DISGRACE!”

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President Joe Biden says he is not seeking reelection in a letter posted to X on his official account. Biden says he will speak to the nation later this week in more detail.

“It has been the greatest honor of my life to serve as your President,” Biden wrote. “And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term.”

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Biden drops out, throwing the 2024 election into chaos

President Joe Biden said in a statement posted on his social media account he is dropping out of the presidential race — a historic decision that throws the 2024 election into upheaval and marks the latest exit of a presidential incumbent in modern history.

The extraordinary move by Biden to decline the nomination will send shockwaves through the Democratic Party, triggering a frenzied effort to replace him just weeks before the party’s nominating convention. In making the announcement, Biden did not immediately endorse Vice President Kamala Harris or another candidate to be the Democratic nominee.

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