$BTC
Bull Run on the Horizon: Eyes on BTC/USDT's Next Breakout Point!
BTC/USDT is navigating a narrow range as the price hovers around the $59,900 level in both the 4-hour and 1-hour charts. This consolidation phase has tightened the Bollinger Bands, a sign that volatility is currently low but could expand significantly soon. The last significant movement was a dip to $56,078, followed by a gradual recovery, but momentum remains weak.
The MACD is flat, and the RSI is steady at 50, reflecting a balance between buyers and sellers. However, the Stochastic RSI is inching higher, indicating that bullish momentum might be slowly building up.
Volume is still low, suggesting that traders are waiting for a breakout catalyst. The next crucial breakout point to watch is $60,000. If this level is breached with increased volume, it could ignite a bull run toward $63,000. Conversely, failure to break out could drag the price back to test support near $56,000. Keep an eye on the bands for the next big move.
.
As of today, August 18, 2024, the price of Bitcoin (BTC) against USDT (Tether) is hovering around $59,481 on Binance. The price has seen some fluctuations recently, with a 24-hour high of approximately $59,748 and a low of $59,000 [[â]](https://www.binance.com/en/trade/BTC_USDT).
Over the past 7 days, BTC has experienced a slight decline of around 2.26%, while the monthly performance shows a more significant drop of about 6.94%, with a high of $70,080 and a low of $49,000
Why is Solana's Dogwifhat (WIF) memecoin crashing?
WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
Dogwifhat (WIF), the fourth-largest memecoin by market capitalization, is on the brink of erasing the recovery it achieved after the Aug. 5 crypto market crash. WIF has dropped approximately 30% from its Aug. 9 local top of around $1.95, bringing its price down to $1.36 as of Aug. 17.
WIF crashes alongside other memecoinsÂ
WIFâs price declines accompany similar downside moves across other top memecoins, namely DogecoinÂ
DOGE
$0.10
, Shiba InuÂ
SHIB
$0.000013
, and PepeÂ
PEPE
$0.000008
. For instance, DOGE, the largest memecoin by market capitalization, has dipped by approximately 10% in the last nine days.
Among the leading memecoins, WIF has experienced more significant losses over weekly and monthly timeframes. For instance, WIFâs 30-day returns are around -42%, far exceeding DOGE (-15%) and SHIB
(-23.5%)
WIF had an exceptional year-to-date performance, with returns reaching approximately 708%, second only to Popcat (POPCAT), another Solana-based token that surged by around 4,570%. Such substantial gains likely attracted profit-taking from early investors, leading to increased selling pressure.
Long liquidations outnumber shorts
Dogwifhat's 30% correction from its Aug. 9 local top coincides with a higher number of long liquidations in the WIF futures market relative to short liquidations.
Over the past nine days, there have been cumulative long liquidations of $6.932 million versus $3.16 million in short liquidations, according to Coinglass data.
Is Dogwifhat price bottoming out?
WIFâs downside risks remain intact as it forms what appears to be a classic head-and-shoulders (H&S) pattern.Â
An H&S pattern is characterized by forming three consecutive peaks â the middle peak called the head being higher than the other two called shoulders â atop a common support level called the neckline.
Fantom ($FTM) Sonic Rebrand Rattles Market
Fantom is up 11% in a week to $0.38, signaling a return to more bullish price action. Fantomâs recent transition to Sonic Labs is well underway and has recently progressed towards mainnet launch. This has caused Fantomâs trading volume to spike in recent weeks.
Fantomâs price has yet to sustain any of its recent pumps and many holders have been selling for a loss. Over 70% of Fantom holders are currently in the red. Now would be a good time for Fantom investors to reallocate to newly launching coins with more potential for growth this cycle.
{spot}(FETUSDT)
Rollblock ($RBLK) Hits New Highs As Presale Hots Up
Rollblock ($RBLK) continues to pull in massive amounts of investment capital as its popular presale offering accelerates through stage 5. Rollblock leverages the incredible power of Web3 technology to disrupt the $450 billion online gambling sector. It removes a major pain point from the industry by inscribing all bets on the blockchain, removing any risk of bets being tampered with.Â
Rollblock is entirely anonymous as non-invasive KYC information is not required to sign up. For a short time, the house will also match deposits dollar for dollar up to an incredible $500! There are over 150 on the platform, from poker and roulette to new favorites such as Zeppelin. A sports betting feature is also in the works and will allow for bets on major international sporting events.
In-game payouts are made in the native RBLK token, which has incredible utility on the platform as it can be staked for up to 30% in risk-free passive income. RBLK benefits from an innovative revenue share scheme that sees Rollblock buy back RBLK tokens weekly with a portion of its operating profits. Half of the repurchased tokens are burned and the remaining half are used for rewards.Â
Over 9,000 investors have already taken the plunge and made over 100% on their early buys, and the low price of $0.0205 will not last much longer. Now is the optimum time to take a spin on Rollblock and grab a bag of this 100x gem.
$TON
The Calm Before the Storm: Will TON/USDT Breakout or Breakdown?
In the 4-hour and 1-hour TON/USDT charts, we observe a period of low volatility following the peak at 7.269. The Bollinger Bands are tightening, indicating reduced price movement and hinting at an impending breakout. The price is hovering just above the mid-band, showing indecision in the market.
The MACD is flat, lacking clear momentum, and the RSI remains neutral, not favoring bulls or bears. Stochastic RSI, slightly in the lower zone, suggests a possible bullish reversal might be on the horizon, but the signal isn't strong.
Volume is decreasing, a sign that traders are waiting for a decisive move. If the price can break above the 7.269 resistance, we could see a strong bullish run. However, if it fails, a drop to the lower Bollinger Band around 6.05 could be on the cards. Watch closelyâthe next move could be significant.
#MarketSentimentToday As of today, August 18, 2024, market sentiment across both the stock and crypto markets is showing signs of uncertainty and bearish tendencies.
In the stock market, indicators like the VIX Volatility Index and sentiment surveys suggest a potential extended decline, particularly for the S&P 500. The VIX briefly spiked above 65, signaling high volatility, and the NAAIM Exposure Index shows that money managers are shifting to more neutral positions from previously leveraged long positions. This all points to a cautious market environment with the possibility of further downturns [[â]](https://alphatrends.net/archives/premium_articles/stock-market-analysis-august-16-2024/) [[â]](https://www.seeitmarket.com/sp-500-update-august-2024-sentiment-indicators-point-to-extended-decline/).
On the cryptocurrency side, sentiment is also bearish. The overall sentiment score for the crypto market is low, indicating a lack of confidence. Bitcoin has been trading in a narrow range between $58,000 and $62,000, with muted reactions to macroeconomic data, which suggests that traders are being cautious. Additionally, challenges in the mining sector due to rising operational costs are adding to the bearish outlook [[â]](https://coincodex.com/sentiment/) [[â]](https://talkmarkets.com/content/us-markets/forex-and-cryptocurrency-forecast-for-august-19--23-2024?post=458651).
â ïž Breaking Updates Regarding $SHIB $AAVE $FLOKI
Humble request Vote for me We are Not even in top 30 đ
SHIB New Resistance: 0.00001400
New Short-Term Target: 0.00001500
SHIB has continued its impressive uptrend, indicating a potential further price increase. The new short-term target is 0.00001500, suggesting a possible continuation of the rally.
Analysis: Consider buying SHIB if it holds above 0.00001250, with a target of 0.00001500. Stop-loss at 0.00001150.
AAVE New Support: 110.00
New Short-Term Target: 115.00
AAVE has established a new support level at 110.00, indicating a potential bounce. The new short-term target is 115.00, suggesting a possible price increase.
Analysis: Consider buying AAVE if it holds above 110.00, with a target of 115.00. Stop-loss at 105.00.
FLOKI New Resistance: 0.0001200
New Short-Term Target: 0.0001300
FLOKI has broken out above the previous resistance level, indicating a potential further price increase. The new short-term target is 0.0001300, suggesting a possible continuation of the uptrend.
Analysis: Consider buying FLOKI if it holds above 0.0001100, with a target of 0.0001300. Stop-loss at 0.0001000.
Note: The 24-hour trading volume for AAVE is $209.08M, and for FLOKI, it is $132.67M.
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#BTCâ #MtGoxJulyRepayments #Write2Earn!
#BinanceLaunchpoolTON #LowestCPI2021
đžPEPE News
đžPEPE Update
PEPE Faces Escalating Selling Pressure as Price Falls Below $0.000007601 Support
PEPE is experiencing heightened selling pressure, with its price recently slipping below the critical support level of $0.000007601. This breach indicates a strengthening bearish trend, raising the risk of further declines, with the next support level at $0.000005871 in sight. The loss of this key support level is triggering concerns among traders, as the potential for more substantial losses looms larger.
Implications of the Breakdown
The break below $0.00000760 suggests a significant shift in market dynamics. This article examines how this key level breach could influence market sentiment and explores the potential trajectory of PEPE using technical indicators. The failure to hold this support is a clear signal of increasing bearish momentum, which could push prices lower in the near term.
Recent Market Activity
Over the past 24 hours, PEPE has experienced a 3.51% decline, with its price now hovering around $0.00000741. The cryptocurrencyâs market capitalization remains just over $3.02 billion, with a 24-hour trading volume of $672 million. This period has also seen a 2.62% drop in market capitalization and a slight 0.27% decrease in trading volume, reflecting waning investor confidence.
Analyzing Market Sentiment
PEPEâs price action is clearly bearish, as the asset remains below the 100-day Simple Moving Average (SMA) on the 4-hour chart. Since breaching the $0.000007601 support level, PEPE has shown little sign of recovery, maintaining a downward trend that suggests further declines may be imminent.
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#MarketDownturn #BinanceLaunchpoolTON #BinanceTurns7 #BinanceSquareFamily
$PEPE
{spot}(PEPEUSDT)
$LUNC
{spot}(LUNCUSDT)
$NOT
{spot}(NOTUSDT)
$XTZ /USDT
Certainly! Hereâs a 200-word post about spotting and resistance in the stock market:
---
**Understanding Support, Resistance, and How to Spot Them in the Market**
Support and resistance are key concepts in technical analysis, guiding traders in making informed decisions. **Support** refers to a price level where a stock tends to stop falling due to strong buying interest. When a stock approaches its support level, itâs often seen as a buying opportunity, as the price may rebound.
**Resistance**, on the other hand, is where a stock's upward movement stalls due to selling pressure. When a stock hits resistance, it often struggles to move higher, making it a potential selling point.
To **spot** these levels, traders examine historical price charts, identifying areas where the price has previously reversed direction. **Horizontal lines** drawn at these levels can help visualize support and resistance zones. Additionally, moving averages can act as dynamic support and resistance levels.
Understanding these levels enables traders to anticipate potential price movements. When a stock breaks through resistance, it may signal further upward momentum. Conversely, if it breaks below support, it might indicate a downward trend. Effective use of support and resistance helps in managing risk and maximizing returns.
---
This post gives a clear overview of support and resistance and how they can be identified and utilized in trading strategies.#LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn #SahmRule #BlackRockETHOptions
{spot}(XTZUSDT)
đ ZkSync (ZK) Tops Search Rankings Despite Price Drop
ZkSync (#ZK ) has emerged as the most searched cryptocurrency over the past week on Crypto Rank, despite a recent decline in its price, according to Phoenix, crypto media outlet. This surge in search interest highlights the growing curiosity and enthusiasm around ZkSyncâs technological capabilities. Particularly, it has Layer 2 scaling solution designed to enhance Ethereumâs transaction speed and lower fees.
đŹ TOP COIN SEARCHES IN THE LAST 7D ON #CRYPTORANK ZK, STRK, IO, ZRO, DOGS, AEVO, W, ATH, SAGA, MANTA â PHOENIX August 17, 2024
đž Starknet Follows ZkSync in DeFi Search Popularity
Following ZkSync, the next most searched cryptocurrencies are given in the next paragraphs. Starknet (STRK) followed ZkSync (ZK) as it gained significant searches as a result of its involvement in the decentralized finance (DeFi) sector.
There is also growing attention paid to io.net (IO). Its platform provides numerous digital asset services. The increased internet search indicates interest from the cryptocurrency community regarding its features and capabilities.
Among the different features of cryptocurrencies, Layer Zero (ZRO) focuses on the protection of usersâ confidentiality of transactions. Dogs (DOGS) continues to be widely used, thanks to the many enthusiasts who promote and use it frequently.
Aevo (AEVO) is also among top searches on CryptoRank. As it is a new and emerging type of currency in the world of cryptos. That is why, people are showing interest towards this cryptocurrency.
đž Rising Searches Highlight Rapid Transformation in Crypto Markets
Wormhole (W) also has a rising search interest, implying that people are more curious about W and what it offers and where it stands in the market. Aethir (ATH) and Saga (SAGA) can be highlighted for increased search volume which points out investorsâ growing interest in its operations and updates.
#zkSynk
{spot}(ZKUSDT)
An Expert Predicts That $260 SOL Is Still Within Reach Despite a 9% Decline in Solana Price â How to Do It
Solana (SOL) has reached an intraday low of $136.39 and is now hanging at $139.39, continuing its downward trend. This is a decrease of 13.61 percent from $157.88.
In spite of this decline, SOL's excellent fundamentalsâincluding a high-performance blockchain that can handle thousands of transactions per second at cheap costsâhave led some experts to forecast that the cryptocurrency might reach $260 in the near future.
The growth of Solana's ecosystem, which is bolstered by the growing number of projects and developers using its platform, bodes well for its future prospects.
The majority of investors still see the recent decline as a short-term setback on the road to greater values, therefore their confidence is unshaken.
Brazilian Approval Gives Solana ETF a Glimpse of Hope After U.S. Rejection
The spot Solana ETFs offered by VanEck and 21Shares were recently deleted on the website of the Chicago Board Options Exchange. The U.S. SEC was reviewing these documents that were filed in July 2024. It is believed, however, that the petitions were withdrawn as the SEC has not issued a Notice of Filing.
Significant U.S. asset managers are not enthusiastic about Solana-based ETFs, and the SEC's cautious attitude on Solana as a financial product adds fuel to the fire.
But QR Asset and Vortx are leading the charge to establish Brazil's first Solana-backed exchange-traded fund (ETF), subject to permission by the Brazilian Stock Exchange.
A boost to Solana's position in the banking industry may be achieved if Brazil were to approve, even though the US is still unsure.
This exemplifies how the United States market and other worldwide markets see and trust Solana differently.
#Solana #Sol #Binance $SOL
{spot}(SOLUSDT)
đšPrivacy concerns are causing a stir in Germany đ©đȘ, where support for a digital euro is dwindling đž. The European Central Bank's (ECB) proposal to create a digital version of the euro has sparked fears about data protection and surveillance đ”ïžââïž.$BTC $USDC $SOL đ‎ïžđȘ
{spot}(SOLUSDT)
{spot}(USDCUSDT)
{spot}(BTCUSDT)
Germans are worried that a digital euro could:
- Erode anonymity and privacy rights đ€
- Enable governments to track citizens' spending habits đ
- Increase the risk of cyber attacks and data breaches đš
As a result, German politicians and citizens are expressing skepticism about the digital euro, citing concerns about:
- Data security and protection đ
- Potential for mass surveillance đ·ïž
- Impact on financial freedom and autonomy đž
The ECB aims to address these concerns through measures like:
- Anonymity features for small transactions đ
- Robust data protection and security protocols đ
- Transparency and accountability in data handling đ
However, the debate highlights the need for a careful balance between innovation, security, and privacy in the development of a digital euro đĄ.
â ïž Breaking Updates Regarding $NEAR $MATIC $FTM
Humble request Vote for me We are Not even in top 30 đ
NEAR New Resistance: 4.10
New Short-Term Target: 4.20
NEAR has continued its impressive uptrend, indicating a potential further price increase. The new short-term target is 4.20, suggesting a possible continuation of the rally.
Analysis: Consider buying NEAR if it holds above 3.95, with a target of 4.20. Stop-loss at 3.85.
MATIC New Support: 0.4050
New Short-Term Target: 0.4150
MATIC has established a new support level at 0.4050, indicating a potential bounce. The new short-term target is 0.4150, suggesting a possible price increase.
Analysis: Consider buying MATIC if it holds above 0.4050, with a target of 0.4150. Stop-loss at 0.3950.
FTM New Resistance: 0.3800
New Short-Term Target: 0.3900
FTM has broken out above the previous resistance level, indicating a potential further price increase. The new short-term target is 0.3900, suggesting a possible continuation of the uptrend.
Analysis: Consider buying FTM if it holds above 0.3750, with a target of 0.3900. Stop-loss at 0.3650.
đIf you like our work go to profile vote for us daily to win this creator award. Your generous vote empower us to work more harder, providing you with the best investment advice. They fuel our mission to deliver high-quality content, helping you make informed decisions. Thank you for your support!đ
#BTCâ #MtGoxJulyRepayments #Write2Earn!
#BinanceLaunchpoolTON #LowestCPI2021
Why is Solana's Dogwifhat (WIF) memecoin crashing?
WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
Dogwifhat (WIF), the fourth-largest memecoin by market capitalization, is on the brink of erasing the recovery it achieved after the Aug. 5 crypto market crash. WIF has dropped approximately 30% from its Aug. 9 local top of around $1.95, bringing its price down to $1.36 as of Aug. 17.
WIF crashes alongside other memecoinsÂ
WIFâs price declines accompany similar downside moves across other top memecoins, namely DogecoinÂ
DOGE
$0.10
, Shiba InuÂ
SHIB
$0.000013
, and PepeÂ
PEPE
$0.000008
. For instance, DOGE, the largest memecoin by market capitalization, has dipped by approximately 10% in the last nine days.
Among the leading memecoins, WIF has experienced more significant losses over weekly and monthly timeframes. For instance, WIFâs 30-day returns are around -42%, far exceeding DOGE (-15%) and SHIB
(-23.5%)
WIF had an exceptional year-to-date performance, with returns reaching approximately 708%, second only to Popcat (POPCAT), another Solana-based token that surged by around 4,570%. Such substantial gains likely attracted profit-taking from early investors, leading to increased selling pressure.
Long liquidations outnumber shorts
Dogwifhat's 30% correction from its Aug. 9 local top coincides with a higher number of long liquidations in the WIF futures market relative to short liquidations.
Over the past nine days, there have been cumulative long liquidations of $6.932 million versus $3.16 million in short liquidations, according to Coinglass data.
Is Dogwifhat price bottoming out?
WIFâs downside risks remain intact as it forms what appears to be a classic head-and-shoulders (H&S) pattern.Â
An H&S pattern is characterized by forming three consecutive peaks â the middle peak called the head being higher than the other two called shoulders â atop a common support level called the neckline.
{future}(BTCUSDT)