With a bearish reversal from the long-coming support trendline, the MATIC price fails to sustain above $1. As the Polygon token’s market price drops under the psychological mark of $1, the downtrend gains momentum.
With multiple bearish weekly candles, the downfall accounts for a 38% drop in five weeks. Currently, the altcoin trades at $0.7674, with a 12% drop last night. Further, the altcoin loses the dynamic support of the 200D EMA, warning a death cross.
In the weekly chart, the lower high formation continues for Polygon and warns of a drop to $0.50, if the market fails to recover. However, a bullish recovery with Bitcoin Halving can boost the market price back above $1. This could revive the possibility of a new uptrend and a bullish breakout of the long-coming support trendline.
#DOGE #Shibainu Dogecoin (DOGE) is a novelty cryptocurrency originally launched as a “memecoin” within the cryptocurrency community. Over time, however, Dogecoin has grown into a large blockchain network and is one of the most popular altcoins available in the market.
There is also a serious basis and reason for the creation and development of Dogecoin. Co-founders, Jackson Palmer and Billy Markus, two software engineers by professional background and experience, wanted to make cryptocurrency accessible to individuals outside of Bitcoin.
It was expressed by the founders that the oversaturation and difficulty in mining Bitcoin from the time of its creation to the start of Dogecoin, made it difficult for the common person to participate in the mining process. This was because of limited resources as well as technological experience. Dogecoin was envisioned as an entry for the less experienced to become involved in the crypto industry.
The launch of Bitcoin in 2009 catalyzed the creation and launch of many different cryptocurrencies, each offering different use cases and functionality. Dogecoin, however, offers no specific use cases — DOGE was a collaborative effort by the crypto community and is now listed on most major exchange platforms.
Dogecoin was originally based on Litecoin and was launched in 2013. Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme. DOGE price is updated and available in real time on Binance. $DOGE $BNB $SOL $ETH #BNB #BTC #DOGE
Pepe is a meme coin based on a cartoon character “Pepe the Frog”. Please note that the token has no utility and it is created by an anonymous team. $PEPE $BNB $ETH
JPMorgan has highlighted that much of the $25 billion reported inflows into Bitcoin ETFs since their January debut may not represent new investments. Instead, they argue that a large portion of this amount is simply a rotation from existing cryptocurrency wallets. The banking giant estimates that the real net inflows are closer to $12 billion, challenging the bullish narrative of significant institutional demand.
The Bitcoin ETFs total market cap is $80.71B and its 24-hour volume is $1.95B. In contrast, Ethereum-based ETFs have not seen the same level of interest, with a total market cap of $279.92 million and a 24-hour volume of $10.74 million. $SOL $BTC $ETH #CPIAlert #BTCFOMCWatch #ETHETFsApproved #BTC #BNB
JP Morgan’s warning brings a critical perspective to the current Bitcoin ETF market, suggesting caution amid what might appear to be booming demand. However, contrasting expert views highlight the complexity of these financial instruments, leaving room for continued debate and observation in the evolving cryptocurrency landscape.
Bitcoin dipped as much as 5% on Tuesday before recovering back above the support at $67,000. Federal Reserve Chairman Jerome Powell gives his customary speech on Wednesday after the FOMC meeting. Will he be dovish and add fuel to a potential bounce, or will sticky inflation incline him to be more hawkish and thereby suppress risk assets? Powell’s Speech At 2pm ET, Federal Reserve Chairman Jerome Powell will go to the lectern once more to deliver his customary speech at the end of the Federal Open Markets Committee (FOMC) meeting. The usual game will be played whereby market participants will analyse everything that Powell says, how he says it, and any nuances thereof. The direction and flow of billions, if not trillions of dollars will depend on this speech. ALSO, Which coin do you think its going to explode this month? $IO
Guys it seems $IO is reaching new heights today,but be cautious about this coin,because it can fall the same way it rise immediately whale's decides to book their profit.But for now take risk you can afford to loose.DYOR also
This is the top three most searched coins on Binance
1.$IO ---Seen more than 7000% increase since its launching and its the most searched on Binance which shows the attractiveness of this coin and its potential to grow.Also indicates the the crypto enthusiasts have for this coin.
2.$NOT ----Is the second most searched coin on Binance due to high level of security and a very promising steady growth it shows everyday. Although the coin has seen its up and down crypto enthusiasts are still investing in this coin .Experts have predicted this coin will reach $1 in 2025 which will give investors the reward for their patience and trust.It saw 0.48% increase although many coins/memecoins are in red.Yes just trust the process.
3.$PEPE ----This coin saw a 5.14% increase during this bearish era(6hours).Pepe from day of launching has its ups and downs but it looks more and more promising as experts predicts it may reach 1dollar in 2025.
Which is your favourite among this top three and which one will you put your last dollar on?
Cryptocurrency keeps falling and it seems the crypto whale's are seriously manipulating the market for their personal gain.Like seriously,now nowhere is safe on the crypto market including altcoins that falls along with Bitcoin
Though many of them attributes this to the activities of the FED and the US economy ,but I strongly believe this is the activity of whale's.
What should we do right now,I need advice from expertise who has been in the market for a while.
Because those holding long position on future's need advice from experts
Even though many investors are drawn to the cryptocurrency market because of its innovation and technology,its also due to its ability to draw good profit.This is why more crypto enthusiasts are looking for the best altcoin that can give you 100x in 2024.With the phrase "memecoins are pumping again " becoming popular within the crypto space.
The crypto market is full of memecoins right now,but for those looking to invest in memecoins in 2024, we have listed top 4 coins to invest that is likely to make 100x return.
Although cryptocurrencies are falling, most experts are predicting new crypto all time high .Crypto whale's are still making huge investments which is a very good sign to put enough confidence in you to buy when it's low.
Recently the second largest bank in Europe acquired a huge crypto (BTC) which tells the bright future btc and other cryptocurrencies have.
Cryptocurrencies falling is a good opportunity to buy at a lower price and sell at a higher price in the future,this is possible when you avoid futures and trade on SPOT.
When buying for long term purpose ,always use SPOT and if you use FUTURES then use low leverage.And have a lot of patience and trust cryptocurrencies.
Ripple (XRP) saw a 2.2% increase after a possible victories comeback against SEC(Securities And Exchanges Commission).
SEC was looking at a $2.2 billion fine and now Ripple is proposing a $10 million settlement instead.This has brought confidence in investors thus resulting in the 2.2% increase in the past 24hours.
There is a report of a whale actually accumulating of over 31 million coins over the past few weeks.
Is this the greenlight to accumulate more Ripple coin or wait after the SEC issue.