Will Momentum Build? BNB Price to Rise?
BNB reversed gains below $605. The price is sustaining $588 support and may rise again.
BNB began a downtrend from $612 barrier.
The price is below $600 and the 100-hour SMA.
On Binance's hourly BNB/USD chart, a positive trend line with support at $595 is formed.
To rise soon, the pair needs remain above $588.
BNB Price May Regain Support
BNB price rejected at $612 after a big rise. After reaching $611, the price fell like Ethereum and Bitcoin.
A drop below $605 and $600 occurred. The price dropped below $592 before bulls emerged at $590. After a low at $591, the price is stabilizing. It broke over $598 and the 23.6% Fib retracement level of the $611 swing high to $591 low decline.
The price is below $600 and the 100-hour SMA. If prices rise, they may encounter resistance at $602 or the 50% Fib retracement level of the decline from the $611 swing high to the $591 low.
Near $610 is the next resistance. A decisive break over $610 might boost prices. In this situation, BNB may reach $620. A closing above $620 barrier might lead to a surge toward $632. More gains may test $650 soon.
More Losses?
BNB may fall again if it fails to break $605 barrier. Initial downside support is $592. Near $588 is the next important support.
The major funding is $588. If the price breaks below $580, it might fall to $575. More losses might cause a drop to $565.
Tech Indicators
Our hourly MACD for BNB/USD is falling in the negative zone.
Hourly RSI (Relative Strength Index): BNB/USD is below 50.
Major Support Levels: $592, $588.
$605–$612 are major resistance levels.
#ScrollOnBinance #BNB #UptoberBTC70K? $BNB
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$PEPE /USDT on the Verge of a Breakdown! Act Now.
Once again $PEPE breakdown strong support at $0.00001... Soon Market show positive momentum and it will pump again up and cross$0.00001 value..
$PEPE /USDT is teetering on the edge, currently trading at $0.00000992, down 2.27%. After testing a high of $0.00001036, the price has steadily declined to the $0.00000986 low. The next critical support lies around $0.00000983—a break below this could unleash further downward momentum. On the upside, any recovery must overcome the $0.00001020 resistance to show signs of strength. With significant volume in both PEPE and USDT, this setup is ripe for fast moves. Be alert and ready for sudden shifts, as volatility could provide lucrative opportunities..
#pepe⚡ #ScrollOnBinance #CMEBTCFuturesRecordHigh #USRetailSalesBoost
🚀 **Azura Launches to Simplify DeFi for Newbies!**
- **What’s New?** Azura, the all-in-one crypto app, launched on Oct. 22 with backing from top crypto founders.
- **Why It Matters:** Aims to make DeFi easier for newcomers by bundling all major decentralized infrastructures into one app. No more juggling multiple blockchains, protocols, and wallets!
- **Key Features:** Self-custody, decentralization, and transparency—all without the headache.
- **The Goal:** Lower the entry barrier and encourage more people to dive into the world of DeFi.
Stay tuned for more updates! 🌐
*🚨⚠️🚨Cryptocurrency Exchange Scandal: Former CEO Charged with Fraud* ⚠️
$BTC $NOT $SOL 🌏⤴️🪙
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A shocking development has rocked the cryptocurrency world as Grant Colthup, ex-CEO of Mine Digital, faces fraud charges for misappropriating AU$1.47 million (approximately US$1 million) 🔒.
*The Allegations* 🤔
According to reports, a customer deposited AU$2.2 million to purchase bitcoin, but never received the cryptocurrency. Instead, Colthup allegedly used the funds to pay off company liabilities, leaving investors in the lurch.
*Regulatory Crackdown* 🚨
The Australian Securities and Investments Commission (ASIC) has filed charges against Colthup, sending a strong message that fraudulent activities will not be tolerated.
*Consequences of Fraud* 🚫
If convicted, Colthup faces serious penalties, including:
1. Hefty fines
2. Imprisonment
3. Lifetime ban from managing companies
*Industry Implications* 📉
This scandal raises concerns about:
1. Regulatory oversight
2. Investor protection
3. Cryptocurrency exchange accountability
4. Transparency in business practices
*Expert Insights* 💡
"This case highlights the need for robust regulations and due diligence in the cryptocurrency space."
"Clients must do thorough research before investing with any exchange."
*Timeline of Events* ⏰
- Customer deposits AU$2.2 million for bitcoin purchase
- Funds allegedly misused by Colthup
- ASIC investigates and files charges
*Conclusion* 🤝
The charges against Grant Colthup serve as a stark reminder of the risks associated with cryptocurrency investments. As the industry continues to evolve, it's crucial for regulators, exchanges, and investors to prioritize transparency, accountability, and security.
#Cryptocurrency #Fraud #ASIC #Debate2024 #RegulatoryAction #InvestorProtection #CryptocurrencyExchange #GrantColthup #Blockchain #DigitalAssets #FinancialRegulation
🚀 Crypto News Flash! 🚀
Ethereum's resurgence is sparking excitement for altcoin rallies! Investors are eyeing potential gains as the market shifts. Among the buzz, XYZVerse stands out, blending sports enthusiasm with meme culture for explosive growth.
- **XYZVerse**: A meme coin uniting sports fans, targeting 99,900% gains. Major listings are on the horizon!
- **XRP**: Trading between $0.52-$0.55, approaching key resistance at $0.56.
- **TRON (TRX)**: Stable at $0.16-$0.17, with potential upward movement.
- **Ondo (ONDO)**: Mixed outlook, trading between $0.66-$0.78.
- **Solana (SOL)**: Rising trend, watch for resistance at $162.09.
Join the discussion! Which altcoin are you most excited about? 💬👇
**Crypto News Flash: Azura Launches to Simplify DeFi**
Azura, a new all-in-one crypto app, has officially launched as of October 22nd. Backed by prominent crypto founders, Azura aims to make decentralized finance (DeFi) more accessible to newcomers.
- **What It Does**: Azura aggregates various decentralized infrastructures into a single, user-friendly application. This means users can trade any asset across different blockchains and protocols without the usual complexity.
- **Why It Matters**: The current DeFi landscape requires users to juggle multiple blockchains, protocols, and wallets. Azura aims to streamline this process, preserving the core benefits of DeFi—self-custody, decentralization, and transparency—while lowering the entry barrier.
Stay tuned for more updates on this developing story.
$SCR finally launch on Binance square for trading .. Good pump at launch time and now way downward .. Maybe some more dump see .. But it will bullish again and hit $2 soon..
🚨 $SCR /USDT Explosive Move! Prepare for Major Action..
$SCR /USDT has skyrocketed, hitting an intraday high of $1.450 after an aggressive surge from $0.800, gaining 46%. However, the sharp pullback to $1.168 shows sellers reasserting control. With such massive volatility, traders should closely monitor the $1.450 resistance for potential breakouts. A breach above this level could signal another explosive rally. On the downside, watch the $0.800 support—if it breaks, it could lead to a sharp decline. Volumes are spiking, so prepare for rapid price swings—get ready to act fast for optimal profits..
#ScrollOnBinance #ScrollLayer2 #scroll #UptoberBTC70K? #TeslaTransferBTC
$SOL is showing strong bullish potential based on the current chart. After a brief consolidation phase, it is now testing the support level around 164.43 USDT, which is holding firm. The next key support sits lower at 162.55 USDT, but the probability of a downside movement is weakening, signaling that buyers are stepping in to defend this zone.
The path forward suggests that SOL/USDT will move toward 169.37 USDT, the first major resistance, with a further potential breakout to 171.72 USDT. Once this level is breached, the momentum could rapidly drive the price upward, confirming a bullish trend. The chart reflects an upward trajectory, and bulls appear ready to push SOL to new highs.
#ScrollOnBinance #UptoberBTC70K? #APESurge #XRPDonationsUSElections #Therapydogcoin
📉 **Bitcoin ($BTC
{spot}(BTCUSDT)
Drops Below 67,000 USDT with a 3.42% Decrease in 24 Hours**
As of **October 22, 2024, 00:28 AM (UTC)**, Bitcoin has fallen below **67,000 USDT**, trading at **66,964 USDT**, marking a **3.42% decrease** in the last 24 hours, according to Binance Market Data.
This price drop comes amid broader market fluctuations, keeping traders and investors on alert.
#BTC500K #bitcoin☀️ #CryptoNewss #MarketUpdate #CryptoNewss
_Disclaimer: Includes third-party opinions. No financial advice._