1️⃣ Current price of MAGIC: Magic (MAGIC) is trading at 0.6175 USD with a market capitalization of approximately 129.37 million USD. MAGIC is part of the Treasure ecosystem, a prominent GameFi platform on Arbitrum, designed to gradually decrease its supply over time, increasing value according to demand.
2️⃣ On-chain activities of whales: • Whale distribution: Some large addresses have sold nearly 5% of their holdings in the past week in the price range of 0.61 - 0.64 USD, indicating a profit-taking sentiment. • Whale accumulation: Other addresses have been accumulating at the price range of 0.57 - 0.60 USD, reflecting expectations of mid-term price increases.
3️⃣ Technical indicators: • Moving Average (MA): The price is close to MA50 (0.615 USD) and below MA200 (0.65 USD), signaling that the short-term trend may still be weak. • RSI (Relative Strength Index): The current RSI is at 48, indicating that MAGIC is neither overbought nor oversold. • MACD: The histogram shows signs of turning positive, signaling a potential recovery in the mid-term.
4️⃣ Mid-term assessment: With potential in the GameFi ecosystem and whale activities, MAGIC could gain momentum if the price maintains above 0.615 USD. However, attention should be paid to the resistance zone of 0.65 - 0.68 USD, where selling pressure may increase. Conversely, if the price falls below 0.60 USD, the likelihood of a correction to 0.57 USD is very high.
5️⃣ Conclusion: • 📈 Short-term buy recommendation: If the price breaks above 0.62 USD with high volume. • 📉 Close monitoring: If the price returns to the range of 0.57 - 0.58 USD, consider accumulating.
🎯 Note: This is only an analysis based on data, you need to monitor additional news and market signals before making a decision📌
Update on price $NEAR Protocol as of 11/12/2024 and investment analysis
Current Price NEAR Protocol is trading at $6.89 with a market capitalization of approximately $7.22 billion USD, showing a slight increase of 1.5% in the past 24 hours. Trading volume reached nearly $340 million USD, indicating stable interest from investors
On-chain Analysis • Whale activity: A large amount of NEAR has been withdrawn from major exchanges such as Binance and Coinbase, indicating an accumulation trend in the price range of $6.5 - $6.8. However, some transactions over $1 million USD indicate selling at the resistance level of $7.0 • Large wallet balances: The amount of NEAR in whale wallets increased by 3% over the past week, further reinforcing the belief that institutions are holding to anticipate price increases.
Technical Analysis • RSI (Relative Strength Index): Currently at 56, near the neutral zone, indicating that the market is not showing overbought or oversold signals. • MACD: There is a bullish crossover signal, supporting a positive trend in the short term. • Support and Resistance: The main support level is $6.5; strong resistance at $7.5. If the price exceeds $7.5 with high volume, the medium-term upward trend could be triggered.
Medium-term Assessment On-chain and technical signals are currently supporting a bullish trend. However, to make an investment decision, further considerations are needed: 1. Latest news about the NEAR ecosystem, especially regarding the deployment of new applications or strategic partners. 2. Overall market: The performance of Bitcoin and Ethereum may affect NEAR.
🌟 Investment Conclusion: NEAR has potential for short-term growth, but needs to break the resistance at $7.5 to confirm a positive medium-term trend.
⭐️Updated on 11/12/2024, the price of $BOME (Book of Meme) is approximately 0.00807 USD, down 8.83% in the last 24 hours. This token belongs to the Solana ecosystem and has a total supply of 69 billion tokens, with about 55.2 billion in circulation.
On-chain indicators: 1. Whale activity: No specific information on the price at which whales are accumulating BOME today. However, the largest trading volumes currently come from exchanges like Binance, KuCoin, and Gate.io, indicating continued high interest. 2. Short-term technical analysis: • RSI (Relative Strength Index): At a neutral level, showing no signs of being overbought or oversold. • MACD line: The short-term trend is slightly declining, further monitoring of divergence signals is needed. • Strong support: 0.0078 USD. • Resistance: 0.0090 USD. 3. Trading volume: Volume is increasing in the price range of 0.0078–0.0081 USD, indicating accumulation or distribution at this area.
Assessment: • Short-term: The token is under selling pressure and risk of correction. • Medium-term: If whales maintain accumulation at prices below 0.008 USD, growth potential will depend on the overall market momentum and the community's interest in the project.
If you are considering investing, be cautious of the volatility of this memecoin token, while also keeping an eye on additional information about whales and the project's roadmap.
On-chain analysis update $SUI on December 11, 2024 ⭐️
1. Current price SUI Token is currently trading at 3.70 USD, a significant increase compared to previous days, with a 24-hour trading volume exceeding 2.53 billion USD. This indicates strong interest from investors and high liquidity in the market.
2. On-chain activity and whale wallets On-chain data shows that whale addresses are accumulating heavily in the price range of 3.50 - 3.70 USD, accounting for a large portion of the trading volume in the past 24 hours. This accumulation suggests that large investors have confidence in the mid-term price uptrend of $SUI .
3. Technical analysis • RSI Indicator: Near the 70 level, indicating the market is approaching an overbought state but has not yet shown strong reversal signals. • Moving Average (MA): The current price is above both the 50-day MA and the 200-day MA, confirming a mid-term uptrend. • Trading volume: Remains high, reflecting positive cash flow.
4. Investment conclusion SUI is in a strong growth phase, supported by both whale cash flow and technical indicators. However, caution is needed as the RSI is approaching the overbought zone. If you are investing, consider the price range below 3.70 USD to optimize profits.
🔥 Advice: Closely monitor on-chain data and the next resistance levels (4.0 USD) to adjust strategies in a timely manner.
Update on the price of $ARB Arbitrum on December 11, 2024 🌟
Current price: Arbitrum (ARB) is trading at 0.9319 USD, down 3.97% in the past 24 hours. Compared to last month, the price of ARB has increased by 50%, indicating a significant recovery from previous lows.
On-chain analysis and whale behavior: • Whale behavior: Recent on-chain transactions show that some large addresses have moved ARB from private wallets to exchanges. This may indicate short-term selling pressure. • Accumulation/distribution price range: Whales are concentrating on buying in the price range of 0.85-0.90 USD but show signs of selling when the price exceeds 0.95 USD, creating a short-term resistance zone.
Technical analysis: • RSI: The current RSI (Relative Strength Index) is at 45, in the neutral zone, but with a downward trend. • MA (Moving Average): MA20 and MA50 indicate that ARB is under downward pressure, needing to break through the 0.95 USD level to confirm a new upward trend. • Trading volume: Trading volume has decreased slightly, indicating investor hesitation.
Mid-term outlook: • Positive: If ARB maintains support at 0.85 USD, this could be a good opportunity to accumulate. • Negative: If ARB falls below 0.80 USD, the downward trend may continue.
Conclusion: Currently, ARB is in a sensitive price range. Investment actions need to be carefully considered between technical factors and on-chain data. If you are looking for short-term profits, be sure to closely monitor the price range of 0.85-0.95 USD and trading volume.
📊 Advice: Consider mid-term investment if ARB maintains support and shows additional positive signals from the market.
💹 Note: Always set stop-loss orders to manage risk when investing in cryptocurrencies.
Update on price $STRK (Starknet) on December 11, 2024
Starknet (STRK) on Binance is currently fluctuating around 0.6102 USD, down slightly by 2.6% in the past 24 hours. Although there has been a slight decline during the day, in the long-term context, the price of STRK still maintains an increase of 17.1% over the past 7 days.
On-chain situation and whale activity: • Whales are currently trending to accumulate STRK at a price level of around 0.60 USD, indicating a positive sentiment from large investors, despite some short-term corrections. • Whale addresses are holding a significant amount of STRK, which shows confidence in the long-term development of Starknet, despite some retail transactions in the short term.
Price range and technical indicators: • STRK is currently trading near the 0.60 - 0.61 USD level, an important price that could serve as strong support if maintained in the near future. • Technical indicators show that MACD and RSI are giving neutral to positive signals, indicating potential price increases in the medium term if it stays above the support level of 0.60 USD. • Despite short-term corrections, if this price level is not broken, it is likely that STRK will recover and continue to grow in the long term.
Conclusion:
If you are considering investing in STRK, you might consider the 0.60 USD level as a reasonable entry price, especially as whales continue to accumulate in this area. However, it is important to closely monitor market signals and technical indicators in the coming days to adjust your investment strategy accordingly.
🌟 Remember, the crypto market is always highly volatile, so make sure to manage risks when making investment decisions! 🚀
Update $LINK on December 11, 2024, Chainlink (LINK/USDT) is experiencing strong growth, with the current trading price around $22.44, up over 8% in the last 24 hours and 19.71% in the past week. This growth stems from a series of positive factors, including an increase in whale activity, with large transactions reaching $82 million in the last 24 hours. This reflects a strong influx of capital into LINK, especially following the recent token unlock, when 18.75 million LINK were transferred to the Binance exchange.
Technically, LINK is approaching a key resistance level at $22.70. If this price level is broken, LINK may aim for the next target of $28, a price level achieved this year. However, if it cannot maintain above $22.70, the price may adjust to below $20.
Technical indicators like RSI (Relative Strength Index) are at 47.84, showing no signs of overbought or oversold conditions, which allows LINK to continue its upward trend if market momentum continues. MFI (Money Flow Index) also indicates relatively weak buying pressure; however, if investor sentiment improves, the price may surpass the current resistance level.
With the strong increase in whale transactions and LINK's strong upward trend, this could be a potential investment opportunity in the medium term. However, breaking through the resistance level of $22.70 will be the next decisive factor to confirm the upward trend.
Keep an eye on the next developments and consider the risk factors when making investment decisions.
Update $OP 11/12/2024, the price of Optimism (OP) on Binance fluctuates around 2.2 USDT, with an increase of about 7.7% in the past 24 hours. Whale addresses on the blockchain are currently mainly accumulating, as evidenced by large transaction volumes dominating over sell-off activities. This could be a sign of sustainable growth in the medium term.
Regarding technical indicators, the RSI (Relative Strength Index) is giving a positive signal at around 65, indicating that the market is not overly saturated and may continue to grow. The MACD indicator is also showing a strong upward trend with the MACD line crossing above the Signal line. Trading volumes on exchanges are currently increasing, indicating strong participation from major investors and whales.
The current price range of OP is being seen as a potential investment opportunity, with support levels around 2.3 USDT and resistance at 2.6 USDT. If OP maintains stability above this price level, it is likely to continue its upward momentum and surpass 2.7 USDT in the near future.
For investment decisions, if you have a medium-term strategy, this is the time you might consider buying in with the expectation that OP's price will continue to grow, especially if technical indicators maintain this upward trend.
🌟 Note: Do not forget to regularly monitor market fluctuations and technical indicators to adjust your investment strategy accordingly! 🚀
Updating price $SHIB 11/12/2024, the SHIB/USDT price on Binance is fluctuating around $0.00002683, with a 4% increase in the last 24 hours; however, there has been a slight correction in the past week. Recently, the activity of SHIB whales has surged significantly, contributing greatly to this recovery, and they continue to dominate the market. Large transactions account for 68% of the total transactions in the last 24 hours, indicating strong participation from whales.
Technically, SHIB has broken through the 'falling wedge' pattern and shows signs of continuing to rise, with the RSI indicator maintaining above 60, indicating bullish sentiment. The Chaikin Money Flow (CMF) is currently at +0.2, signaling increasing buying pressure. At the same time, the MACD line has also seen a strong crossover, supporting the upward trend.
Currently, SHIB is facing resistance at the 200 EMA line, and if this level is broken, it could target the next level at $0.000026. Positive signals from whales and technical indicators suggest the potential to maintain an upward trend in the medium term, but solid support is needed from developments in the Shiba Inu ecosystem and Shibarium.
In summary, the current SHIB market shows positive signs and could be an investment opportunity if you accept the risk level of the meme coin market. However, you need to monitor further developments of Shiba Inu and technical indicators in the coming days for a more accurate decision.
Updated $WLD on December 11, 2024, the price on Binance is fluctuating around 2.83 USD. Currently, there are signs of strong activity from whales. A typical example is the withdrawal of 2.09 million WLD from Binance, worth about 5.82 million USD, which has driven a price increase of 25%. These moves reflect accumulation from whales, indicating a positive sentiment towards WLD in the short term.
In terms of technical indicators, WLD is testing the resistance level around 4.35 USD. If the price surpasses this threshold, it could lead to approaching the all-time high of this coin (5.29 USD). However, the strong volatility in whale transactions and a spike in trading volume may cause significant fluctuations in the near future.
The current market trend is positive, especially in the context of attention towards AI projects like OpenAI, which may be driving interest in WLD.
If you are considering a medium-term investment, this is an important time to monitor these indicators. Whales continue to accumulate, and if the price surpasses the current resistance level, it could continue to grow. However, closely monitoring fluctuations is necessary to adjust your investment strategy.
Update $DOGE on December 11, 2024, the price of Dogecoin (DOGE) on Binance fluctuates around 0.39 USDT, with a decrease of approximately 0.93% in the last 24 hours. According to the technical chart, the RSI (Relative Strength Index) is currently at 72.74, indicating that DOGE is in an overbought state and may face a correction in the short term.
Regarding whale activity, the number of large transactions has significantly decreased recently, indicating a decline in the accumulation or distribution of DOGE. Through technical indicators, the current key support level for DOGE is 0.1171 USDT, close to the 200-day EMA line; if this level is broken, the price could drop further by approximately 11.79%. Conversely, if DOGE maintains above the level of 0.1364 USDT, the likelihood of a price increase to the resistance levels of 0.1489 - 0.1583 USDT is feasible.
From the perspective of technical indicators and whale behavior, DOGE may currently be in an accumulation phase awaiting the next price surge; however, some signals warn of a short-term correction. If you are considering investing, it is essential to monitor these key support and resistance levels to make informed decisions.
Update $PEPE on December 11, 2024, is fluctuating in the range of 0.00002068 - 0.00002137. The trading volume has slightly increased by 6.5% in the last 24 hours, indicating moderate interest from investors.
On-chain data • Whales: A large address has withdrawn about 337 billion PEPE (worth 6.92 million USD) from Binance, indicating a recent accumulation trend. This reduces selling pressure and may support price increases in the short term. • Cash flow: Net outflow reached 346.4 million USD, signaling investors' confidence in PEPE, especially in the current accumulation price range.
Technical analysis 1. Support and resistance: • Key support: 0.00001850. • Resistance: 0.00002350. If this level is surpassed, PEPE could surge an additional 50% to reach the target of 0.00003500. 2. Trend indicators: • RSI is currently at 60, still below the overbought zone, indicating that prices may continue to rise without major corrections. • ADX is at a high level (30.22), showing that the current trend is strong but leaning towards a decline in the short term. 3. Price pattern: PEPE is forming a flag-and-pole pattern, a positive sign if it breaks the resistance at 0.00002350.
Mid-term investment conclusion • Positive: The outflow of cash and whale accumulation suggest a recovery potential if the overall market stabilizes. If the price surpasses the threshold of 0.00002350, PEPE could achieve significant gains. • Cautious: Selling pressure from the current price levels (0.00002137) could lead to a price correction towards the support at 0.00001850.
You may consider accumulating more PEPE around the support of 0.00001850 if the market remains positive and wait for a break of resistance to confirm the upward trend.
#MajorAirdropWatch “🚨 Huge airdrop hunting opportunity! 🚨 The market is seeing many projects preparing airdrops with significant value. This is the time to participate and not miss out on potential rewards. Always: • Follow new projects. • Engage on their platforms. • Check official information from reliable sources.
Update on price $MAGIC and investment analysis on December 9, 2024: 1. Current price on Binance: MAGIC is currently trading around 0.69 USDT. During the day, the price has fluctuated between 0.669 - 0.706 USDT, showing a slight but stable adjustment. 2. On-chain data: • Whale activity: Large addresses are in a state of light distribution, but the selling volume is negligible, mainly revolving around the price level of 0.68 - 0.70 USDT. No strong accumulation signals from this group. • Realized Profit Index: The actual profit level is decreasing, indicating profit-taking pressure from short-term investors. 3. Technical analysis: • Short-term frame (H4): The RSI indicator is at a neutral level (~50), not giving overbought or oversold signals. • Medium-term frame: The 20 and 50-day EMA averages show a slight downward trend, with strong resistance at 0.70 USDT and support near 0.67 USDT. • Recommendation: If the price breaks through the resistance of 0.70 USDT, there could be short-term growth. Conversely, if it breaks below the support of 0.67 USDT, the price may correct further. 4. Market trend: • General sentiment: Current cash flow is focused on larger altcoins, hence mid-cap tokens like MAGIC may face correction pressure. • Overall assessment: MAGIC is in a healthy accumulation phase but has not shown strong growth signals.
Investment decision:
If you expect a medium-term investment, you can gradually accumulate MAGIC in the price range of 0.67 - 0.69 USDT and continue to monitor trading volume trends along with on-chain indicators. However, be prepared to exit if the price breaks below 0.65 USDT.
Currently, the price of coin $MINA on Binance on December 9, 2024, fluctuates between 0.89–0.94 USDT in the past 24 hours, with a trading volume reaching nearly 29 million USD. This coin has seen strong growth in the past 30 days with an increase of 57.6% compared to last month, but is experiencing a slight decline in the short term (-1.36% in the past hour)
On-chain activity and whale analysis: • Whale buying/selling: Large addresses tend to distribute around the price level of 0.94 USDT, while accumulation addresses are at the support level of about 0.89 USDT. The current buy/sell ratio in the market is slightly leaning towards selling, with 51.48% being sell orders. • Realized Profit & Loss: A large number of short-term investors are taking profits at resistance levels near the highs, but there has not been significant selling pressure from long-term addresses.
Technical analysis: • Support and resistance: • Strong support level: 0.89 USDT. • Nearby resistance level: 0.94 USDT. • Technical indicators: • RSI: In the neutral zone, showing no signs of overbought or oversold. • MACD: Slight bearish crossover, indicating short-term correction pressure. • Moving Average (MA): Price is maintaining above the 30-day MA, reinforcing the medium-term uptrend.
Conclusion: • Market trend: The MINA coin is in a healthy correction phase after a strong rally. If the price maintains above 0.89 USDT, this could be an accumulation opportunity for the medium term. • Investment recommendations: • If you want to accumulate, it is advisable to wait for the price to adjust to the range of 0.89–0.91 USDT. • For DCA (dollar-cost averaging), the safe range to accumulate is below 0.90 USDT, avoiding chasing purchases at resistance levels.
Currently, the price of Bitcoin $BTC on Binance is approximately 94,656 USDT, up 2.3% in the past 24 hours. After a slight decline from the historical peak of nearly 99,800 USDT to a low of 90,700 USDT, Bitcoin is in a phase of adjustment and accumulation below the psychological threshold of 100,000 USDT. Trading volume and market capitalization have also recovered significantly, indicating strong interest from both institutional and individual investors.
On-Chain Data • Whale Activity: Large addresses (whales) show no signs of panic selling. The amount of BTC flowing into exchanges (30-day SMA) from whale addresses remains stable at 5,000 BTC/day, indicating expectations for long-term price increases. • Realized Profit/Loss: The realized profit index shows market sentiment is positive, with many investors taking slight profits but not creating significant selling pressure.
Technical Analysis 1. Resistance and Support: • Strong resistance at 99,800-100,000 USDT. • Important support at 90,000 USDT. 2. Technical Indicators: • RSI: Currently in the neutral zone, not showing overbought or oversold conditions. • MACD: Signs of a potential bullish crossover, indicating upward momentum may continue if it surpasses the current resistance level.
Medium-Term Trend
If Bitcoin maintains a price above 96,000 USDT, the likelihood of conquering the 100,000 USDT threshold is high. However, a drop below 90,000 USDT could prolong the adjustment phase. Investors may consider accumulating further if the price returns to the support area and the market maintains an optimistic sentiment.
You should consider combining on-chain data, technical indicators, and the overall market situation before deciding to invest further or take profits.
Today, 12/9/2024, the altcoin market is in a correction phase, but many experts consider this a healthy correction after a strong price increase from late 2023 to early 2024. From October 2023 to March 2024, the market capitalization of altcoins increased by about 150%, from $300 billion to $800 billion, but then decreased by about 35%
According to on-chain analysis, most whales are in an accumulation state rather than distribution. However, it is still necessary to pay attention to price areas in a few altcoins where large addresses are actively operating to determine investment strategies. Important support zones could become buying opportunities if the market continues to maintain a positive sentiment.
Additionally, indicators such as the Fear & Greed Index are currently at a fairly high level (around 83/100), indicating that market sentiment remains optimistic, but caution is needed regarding the possibility of a sell-off if the market cannot maintain its upward momentum. Some experts predict that the market capitalization of altcoins could return to $1 trillion by the end of 2024 if a positive scenario occurs.
With these factors in mind, if you believe in the potential of altcoins, taking advantage of the current support zones to DCA (dollar-cost average) could be a reasonable strategy.
$MOVE (Movement Network) is a token belonging to the Movement Network ecosystem, designed to support activities within this Layer 2 network. MOVE has a maximum supply of 10 billion, of which 22% has been circulated in the initial phase. The token is allocated as follows: 40% for the ecosystem and community, 10% for airdrop and TGE (Token Generation Event), 10% for the Foundation fund, 17.5% for the development team and initial contributions, and 22.5% for strategic investors.
Reasonable price range to accumulate MOVE 1. Airdrop and initial allocation: 10% of MOVE is released through TGE and airdrop, which may cause selling pressure in the short term when airdrop recipients take profits. This may cause the price of MOVE to drop to lower price levels after the allocation event. 2. DCA price range (Average price): With MOVE, the accumulation strategy may be effective at lower price levels after selling pressure from TGE, especially in the price range that closely aligns with the participation cost of strategic investors. On-chain data and related reports suggest that the $0.04-$0.07 range could be a reasonable point if a price downtrend occurs.
Potential and analysis • Usage: MOVE is used for transaction fees, staking network security, and community governance. • Investment support: The project has received investments from large funds such as Movement Labs and partners in the Ethereum ecosystem. • Risks: Growth will depend on the deployment of the mainnet and the ability to expand the user community.
You should monitor on-chain developments, check the price support levels from market data, and more detailed reports to optimize your DCA strategy.
Movement $MOVE is a next-generation blockchain project focused on improving performance, security, and user experience within a decentralized network. This is the first Layer 2 solution on Ethereum that combines the Move Virtual Machine (MoveVM) and Ethereum Virtual Machine (EVM) ecosystems. MOVE offers advantages such as gas fees lower than $0.01, the ability to process over 160,000 transactions per second (TPS), and transaction completion times of under one second.
The project is developed by Movement Labs and has received investment from major funds such as Polychain Capital, Binance Labs, Hack VC, Placeholder, and Archetype. The MOVE ecosystem focuses on areas such as DeFi, blockchain gaming, and NFTs, creating significant potential for adoption and development.
Investment Potential
Based on characteristics such as high speed, low fees, and enhanced security, MOVE has strong competitive potential in the Layer 2 space. However, the project is still new and in the development stage, so risks should be considered. If you are interested in the Ethereum ecosystem and the expansion of the MoveVM blockchain, this could be a worthwhile option to consider.
Today, 7/12/2024, the price of coin #BOME (Book of Meme) on Binance is currently trading around 0.009984 USDT, up 7.73% in the last 24 hours and 11.31% over the past week. The main resistance levels are identified at 0.0106 USDT, with the nearest support at 0.0095 USDT.
Whale activity and market trends:
• Accumulation and distribution: On-chain analysis has not indicated significant accumulation from large wallets (whales), but the increased trading volume suggests investor interest in the short term. • Technical trend: The EMA indicator shows a positive signal as the 9 EMA crosses above the 20 EMA. A 'Cup & Handle' pattern has been identified on the daily chart, reinforcing the potential for a mid-term bullish trend.
Technical indicators:
• RSI: Currently in the neutral zone, around 54, indicating no signs of overbought or oversold conditions. • Trading volume: Slightly increased, supporting the bullish trend. • Bollinger Bands: Price is nearing the upper band, suggesting potential short-term correction.
Mid-term valuation:
With a positive trend and favorable chart structure, BOME has mid-term price appreciation potential, especially if it surpasses the resistance area of 0.0106 USDT. However, you should continue to monitor whale movements and market news for more accurate decision-making.