URGENT UPDATE REGARDING $SOL $XRP $DOGE
1️⃣ SOL (Solana): SOL is experiencing a notable increase of 4.32% to $165.76, indicating bullish momentum. To continue this trend, SOL must break above the $170 level and close above $175. Failure to do so could lead to further consolidation.
2️⃣ XRP (Ripple): XRP is showing a moderate increase of 1.89% to $0.55, reflecting bullish sentiment. To build on this trend, XRP must break above the $0.56 level and close above $0.58. Failure to do so could lead to further downside.
3️⃣ DOGE (Dogecoin): DOGE is facing slight bearish pressure with a decline of 1.64% to $0.0007454. To reverse this trend, DOGE must break above the $0.001 level and close above $0.002. Failure to do so could lead to further downside.
KEY LEVELS TO WATCH:
SOL: $160 (support), $170 (resistance)
XRP: $0.54 (support), $0.56 (resistance)
DOGE: $0.0007 (support), $0.001 (resistance)
#KryptoAlchemy
#MemeCoinTrending #Write2Earn! #BTCUptober
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London 🇬🇧 | Join us on October 24 for our next community event with @legoodsociety as we explore trends in #web3, #blockchain, and #digitalassets.
Speakers:
- @moniquejmorrow, Independent Director on the #Hedera Board of Directors
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- @onyxbhakti, Strategic Partnerships, @dovuofficial
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THETA/USDT Analysis: Bullish Momentum Building?
$THETA
{spot}(THETAUSDT)
{future}(THETAUSDT)
Moving Average (MA 200):
The price is trading slightly above the 200 SMA, which is currently at $1.344, indicating a bullish trend. This moving average has acted as support, and the recent move above this level suggests a continuation of the upward momentum. Holding above this level could lead to further bullish movements.
VWAP:
The VWAP is positioned at $1.374, with the price hovering just above it. This indicates a slight bullish bias in the short term. A consistent move above the VWAP would confirm bullish strength and suggest more upward price action.
RSI:
The RSI is currently at 61.04, suggesting bullish momentum. However, it is still below the overbought zone, leaving room for further upside before any potential correction. If the RSI moves closer to 70, traders should watch for signs of a pullback.
MACD:
The MACD shows a bullish momentum with the MACD line at 0.008 and the signal line at 0.013. While the MACD suggests upward price action, the gap between the MACD and signal lines is narrow, indicating that the bullish momentum is not overly strong. A more significant divergence between these lines could confirm a stronger bullish trend.
Bullish Scenario:
If THETA/USDT can hold above the $1.37 level and break the resistance near $1.40, we could see further gains towards the next target around $1.50. Continued strength in the MACD and an RSI approaching overbought levels could support this bullish case.
Bearish Scenario:
If the price fails to hold above the 200 SMA and breaks below $1.34, we could see bearish pressure with the next support near $1.30. A bearish MACD crossover and a declining RSI could signal a deeper pullback.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
🚀 Daily Crypto Market Update! 🚀
The CoinDesk 20 Index is on the rise, currently trading at 2112.29, marking a 1.7% increase since Friday at 4 pm ET. Out of the 20 assets, 15 are trading higher, showcasing a positive trend.
**Leaders:**
- SOL: +7.0%
- HBAR: +5.6%
**Laggards:**
- APT: -1.2%
- RENDER: -1.1%
The CoinDesk 20 is a broad-based index, reflecting diverse global trading platforms. What do you think about these market movements? Share your thoughts in the comments! 🌐
#CryptoNews #MarketUpdate #CoinDesk20
Crypto funds received the largest investment since July: Litecoin surprise...
Crypto funds received a net investment of $2.2 billion last week and saw their biggest inflow since July. While the idea that Trump will win the election became stronger and stronger, the intense inflows to Ether, Solana and Litecoin funds did not escape the eyes.
Last week, when Bitcoin exceeded 67 and 68 thousand dollars after months, there was a record entry into crypto funds after months. The funds saw their largest inflows since July and received a net investment of $2.2 billion.
Solana and Litecoin...
While Bitcoin was the fund that received the most investments with $2.1 billion, this figure was $57 million for Ether funds. There was an inflow of 2.4 million dollars to Solana funds, the second most invested altcoin of 2024. For Litecoin, to which Canary Capital applied for an ETF last week, there was an inflow of 1.7 million dollars. The net investment in Litecoin funds since the beginning of the year has increased to 41 million dollars.
Introduction to Short-Bitcoin
It also drew attention that short-Bitcoin funds, which had outflows of 6.3 million dollars last week, had a high inflow of 12.3 million dollars. The funds that have been negative since the beginning of the month have thus increased.
There was also an exit of 1.5 million dollars from Cardano funds.
Again, iShares, BlackRock's Bitcoin spot fund, received the most investment in ETFs. 1.1 billion dollars entered the IBIT fund. Grayscale's Bitcoin fund also saw a net inflow of $68 million. This figure was 319 million dollars for Fidelity and 306 million dollars for ARK Invest.
Bollinger Bands — Bearish Reversal Alert 🚨
The markets have been heating up lately. While the chances are solid that we are at the beginning of a bullish run, there are also short-term warning signs. One of them is the bearish reversal alert based on the Bollinger Bands. This alert is triggered when the price reaches or exceeds the upper band.
Here are ten tokens that flashed this signal on the daily chart sorted by market cap.
- Solanda $SOL
- Dogecoin $DOGE
- Cardano $ADA
- Arbitrum $ARB
- VeChain $VET
- Cosmos $ATOM
- Jupiter $JUP
- Flow $FLOW
- Axie Infinity $AXS
- Mina Protocol $MINA
It is worth mentioning that, in a bullish market, an asset can trade along the upper band for a more extended period. However, at some point, the price returns (at least short-term) to the middle band. I attached Solana's chart, which shows this perfectly.
$BONK & $MEW to Lead the Altcoin Season? - CoinPedia Analytics
Over the past day, BONK has seen a price increase of 3.87%, with a trading volume reaching $204.65 million. The memecoin has gained roughly 9% over the last week and an impressive 32.63% over the past 30 days. With a market cap of $1.77 billion, BONK now ranks as the 50th largest crypto. The emergence of a Golden Cross (EMA 50/200) on the 1D chart signals growing bullish sentiment. Additionally, the RSI remains above neutral, reinforcing a positive outlook. If this momentum continues, BONK may test its upper resistance at $0.00003390. However, if bears take control, the price could drop to its support level of $0.00002125.
Similarly, MEW, the first cat-themed memecoin, has soared by ~30% this past week and an astounding 85.21% over the month. With a market cap of $852.27 million, MEW's RSI hovers near the overbought zone, reflecting strong buying pressure. If bullish trends persist, MEW is poised to challenge the $0.0105 resistance. Otherwise, it could fall back to $0.00700.
PSG/USDT Price Analysis: Bullish Signals Emerge Amid Consolidation
$PSG
{spot}(PSGUSDT)
Moving Average (MA 200):
The price is trading above the 200 SMA at $2.681, indicating that bullish momentum is still present. This level has been acting as a strong support, and the price movement above it suggests further potential upside. If the price can sustain above this level, it may confirm continued bullish momentum.
VWAP:
The VWAP is currently positioned at $3.316, with the price slightly below this level. This suggests the short-term trend is leaning neutral, and the price will need to break and sustain above the VWAP to confirm a more bullish outlook.
RSI:
The RSI is at 51.72, signaling neutral conditions with no strong overbought or oversold indications. This suggests that the price could continue to fluctuate within its current range, although the RSI’s slight upward tilt hints at a possible building of bullish momentum.
MACD:
The MACD is currently in a neutral zone, with the MACD line at -0.045 and the signal line at -0.041. While both lines are below zero, they are converging, suggesting that a bullish crossover could occur soon, potentially signaling the start of an upward move.
Bullish Scenario:
If the price can sustain above $3.30 and break through the VWAP at $3.316, the next target could be the resistance near $3.50, followed by $4.00. A continuation of bullish MACD convergence would support this scenario.
Bearish Scenario:
If the price falls below the $3.25 support level, it could retest the 200 SMA at $2.681, with further downside potential toward $2.50. A bearish MACD crossover and RSI moving toward 40 would confirm downside pressure.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research and consult with a financial advisor before making any investment decisions.
⛓️📊 ZeroLend enters into a Data Partnership with Token Terminal ⛓️📊
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**Bitcoin Accumulation Addresses Surpass 2.9 Million BTC: A Testament to Long-Term Confidence**
The total amount of Bitcoin held in accumulation addresses has exceeded 2.9 million BTC, reflecting a significant increase from 1.5 million BTC in January 2024. These addresses, characterized by their lack of Bitcoin outflows, represent a steadfast commitment to long-term holding.
Accumulation addresses are distinguished by holding at least 10 Bitcoins, having no outflows, and being active for at least seven years. This growth, particularly notable in 2024, suggests a strong belief in Bitcoin's future value.
With the current trajectory, these addresses are expected to hold over 3 million BTC by year-end, potentially valuing their holdings at over $210 billion, surpassing major corporations like General Electric. This trend underscores a robust confidence in Bitcoin's long-term prospects.