Solana (SOL), in the last two weeks, has seen a significant rise according to the weekly chart of the SOL/USD pair on TradingView. The horizontal trend line resistance in its ascending triangle channel has been broken, indicating bullish strength. Should this ascending triangle be confirmed, a bullish target for SOL price is projected around $90 before the end of the year, representing an impressive 50% increase from its current level.
However, bearish investors point to the weekly Relative Strength Indicator (RSI), which has reached its most overbought level since September 2021. This data suggests a significant risk of correction, increasing the likelihood of SOL price retracing towards the upper trend line of the triangle, situated near $30. Overbought could trigger a bearish reaction, highlighting the importance of monitoring RSI developments to assess the short-term health of the market.
In summary, Solana's impressive rise is attributed to the breakout of resistance in its ascending triangle. However, the overbought warning on the RSI raises the risk of a correction towards $30, underscoring the importance of closely monitoring these indicators to better understand market dynamics and make informed decisions. #Solana #Solana📈🚀🌐 #SOL $SOL
$#SHIB Shiba Inu, the cryptocurrency of the moment, has seen a spectacular increase in transactions, exceeding $110 million in just 24 hours, marking an impressive growth of 275%. This phenomenon included a staggering 7.2 billion SHIB tokens, consolidating its position in the cryptocurrency market.
Despite a small daily drop of 1%, Shiba Inu maintains a solid weekly gain exceeding 10%, with an impressive cumulative increase of 27% so far this year, currently valuing it at $0.00001028 USD. The active participation of whales in transactions exceeding $100,000, recording 186 transactions in the last 24 hours, adds an exciting level of activity to the market.
These achievements come at a time of widespread volatility, further highlighting the resilience of the Shiba Inu. IntoTheBlock has officially confirmed these extraordinary moves, underscoring Shiba Inu's growing impact on the cryptocurrency ecosystem.
In short, Shiba Inu has not only seen an incredible increase in transactions and token volume, but has also demonstrated remarkable resilience in a volatile market. With consistent profits and the backing of significant whale transactions, cryptocurrency is emerging as an attractive and exciting option for investors and enthusiasts alike. Is anyone else going to become a millionaire this 2024? I at least hope so...🤑
In recent weeks, cryptocurrencies have seen a surge followed by a consolidation phase, generating investor interest. The vulnerability of altcoins during corrections is highlighted, offering buying opportunities. Among cryptos valued at less than a dollar, Ripple's
Cardano (ADA), despite slowing down with the market, has reached a milestone of surpassing $370 million in total value locked (TVL), registering a 520% increase since the beginning of 2023. Although ADA is down 11% At $0.52, your weekly gain is 31%.
As for Dogecoin (DOGE), it has seen a steep drop of 9.2% in the last 24 hours, trading at $0.092. The Coach analyst suggests that the weekly pullback on the price chart could fuel a new rise.
Despite the fluctuations, investors view these corrections as opportunities to take advantage of potential rebounds in the cryptocurrency market. Persistent volatility poses challenges, but also opens the door to dynamic investment strategies. #CryptoCommunity $ADA $DOGE $XRP
In the midst of a cryptocurrency bull market, a Shiba Inu whale transferred 4.2 billion SHIB tokens, equivalent to $43 million, to an unknown wallet. The purpose of the transfer is unknown, but the receiving wallet has received multiple high-volume transactions. SHIB price has increased by 23% in the last month, settling at $0.00001020 with a drop of 1% in the last 24 hours. SHIB is ranked 18th with a market capitalization of $6 billion.
Cathie Wood, through Ark Invest, has once again made notable movements in the market. He recently dumped more than 237,000 Coinbase shares, worth about $33 million. These sales are in addition to previous transactions, totaling almost $50 million in the last two weeks. Interestingly, these moves coincide with the impressive rally in Coinbase shares, which have seen a 300% increase so far this year, reaching $142.
Not only did it limit itself to divesting from Coinbase, but it also sold shares of Grayscale's BTC investment fund. However, Cathie Wood did not completely withdraw from the market, as she acquired a modest amount of shares of the Robinhood exchange.
The investor has been active in its daily operations, highlighting its dynamic strategy in portfolio management. These sell and buy decisions suggest continued adaptation to market conditions. Amid these changes, the focus is on how Cathie Wood's investment decisions will evolve in response to volatility and emerging financial market trends.
Tesla billionaire Elon Musk is making waves in the cryptocurrency world by revealing plans to add payments, including Bitcoin, to his social media platform unit, triggering a domino effect in other cryptocurrencies such as Ethereum, XRP and Dogecoin. Musk is looking to compete with cryptocurrency giant PayPal by preparing X to process financial transactions.
Platform These strategic moves suggest that Musk is positioning his platform to take on PayPal in the digital transactions space. The news has captured the attention of the financial market, anticipating a possible earthquake on Wall Street that could affect prices. Musk's announcement reinforces his influence in the world of cryptocurrencies and its ability to significantly impact financial markets. $BTC $ETH $DOGE
Around the world in 180 days, today I leave you my story, with $50 of investment I have achieved $280 in 180 days by investing in crypto memes and the occasional altcoin, always following an already planned strategy and not letting my emotions get carried away anymore. that many times the value decreases, this is just the beginning of my career in this sector.🤑🛜
The Bitcoin developer community released version 26.0 of Bitcoin Core, the key software for the network. This update includes performance and communication improvements between nodes, as well as bug fixes. Michael Ford, former lead maintainer, introduced the release, urging the community to review and comment via the developer mailing list and report potential bugs on GitHub. Transparency and collaboration are central to the development of decentralized software, highlighting the community's commitment to the constant improvement of the Bitcoin network.
The newly launched cryptocurrency has captured the attention of the financial community. Inspired by the success of Shiba Inu, this digital currency promises innovation and exciting investment opportunities. With limited supply and a focus on decentralization, Shiba Memu seeks to differentiate itself in a competitive market. Its development team is committed to transparency and security, crucial aspects to gain the trust of investors. Although it is early to predict its trajectory, the community is attentive to updates and events that could boost the value of Shiba Memu in the future.
In the ever-changing cryptocurrency landscape, an exciting new player has emerged: Shiba Memu. Inspired by the previous success of Shiba Inu, this digital currency presents itself as an intriguing alternative on the market. What makes it stand out and what opportunities could it offer investors?
Firstly, Shiba Memu has captured the attention of the financial community due to its limited supply. With a finite supply, this feature is expected to create an environment ripe for scarcity, a factor that has historically influenced the value of many cryptocurrencies. This focus on limiting supply could spark interest from investors looking for assets with long-term appreciation potential.
Decentralization is another fundamental pillar of Shiba Memu. Following the original philosophy of cryptocurrencies, the new currency seeks to avoid the centralization of power, providing users with greater control over their assets. Security is also at the heart of the proposition, with a development team committed to implementing robust measures to protect investors.
In conclusion, Shiba Memu emerges as an exciting option in the cryptocurrency universe. With its limited supply, focus on decentralization and commitment to security, it offers an attractive proposition.
$BTC $ETH #SHIBA Bitcoin (BTC): $43,949.56 (+1.37%) Ethereum (ETH): $2,254.47 (+0.57%) Ripple (XRP): $0.6234 (+0.36%) Dogecoin (DOGE): $0.1007 (+2.94%) Solana (SOL): $63.16 (+0.58%) Polygon (MATIC): $0.8418 (-2.27%) Polkadot (DOT): $6.06 (+2.37%) Shiba Inu (SHIB): $0.00000997 (+0.98%) Uniswap (UNI): $6.01 (-3.47%) Chainlink (LINK): $15.54 (-1.23%) En noticias destacadas sobre Shiba Inu, la tasa de quema semanal aumentó un 961%, eliminando más de 500 millones de tokens. Además, el precio de SHIB subió casi un 6% en las últimas 24 horas, alcanzando un máximo de tres semanas. La red Layer-2 de Shiba Inu, Shibarium, registró un récord histórico con 20 millones de transacciones totales. El ecosistema de Shiba Inu se ha beneficiado significativamente gracias al aumento de la quema de tokens y el incremento en las transacciones.