$USUAL /USDT is gaining momentum, currently trading at 0.2812 with a 3.65% increase. The chart signals potential for either a continuation or a sharp pullback, making it a critical moment for traders.
š” Key Levels to Monitor:
Resistance: 0.4780 ā A breakout here could spark a significant upward move.
Support: 0.0125 ā Testing this level again may signal a potential dip.
ā” Trade Plan:
Long Entry: Above 0.2812, with targets at 0.35, 0.40, and 0.45. Set a stop-loss at 0.25.
Short Entry: Below 0.20, targeting 0.15 and 0.10, with a stop-loss at 0.25.
š® Whatās Next?
The market structure leans bullish, with momentum suggesting a potential breakout above resistance. Stay alert and prepare for volatility in the coming moves
#DeSciRising #BitcoinStrategy
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š Exciting news for the blockchain community! Chromia, the innovative Layer 1 relational blockchain, is all set for its much-awaited Asgard Upgrade! š
š This upgrade promises to enhance scalability and functionality, making Chromia a stronger player in the DeFi and altcoin space. With these improvements, we might see a ripple effect across the market, positively impacting BTC, ETH, and other altcoins! š
š¤ What are your thoughts on how this upgrade could influence the market? Share your predictions and let's discuss in the comments! š¬
#Blockchain #DeFi #CryptoNews #AsgardUpgrade
Chromia, a prominent Layer 1 relational blockchain, has officially announced the date for its much-anticipated Asgard Upgrade. This upgrade is expected to enhance the platform's scalability and performance, addressing key issues faced by developers and users. The Asgard Upgrade aims to improve transaction throughput and reduce latency, which are critical for the growing demand in decentralized applications. By focusing on these enhancements, Chromia seeks to solidify its position in the competitive blockchain landscape, offering a more robust infrastructure for future developments in the space.
š Exciting news in the world of decentralized AI! Io.net has teamed up with Zero1 Labs to turbocharge the development of decentralized AI (DeAI) by leveraging io.net's powerful GPU compute network. This partnership promises to make AI training faster and more cost-effective, opening doors for developers to create cutting-edge DeAI applications on Zero1ās Keymaker marketplace.
š Zero1 Labs, known for its inclusive Proof-of-Stake DeAI ecosystem, will now offer enhanced tools for AI agents, which are pivotal in optimizing Web3 trading opportunities. With hackathons and bounty programs on the horizon, the DeAI community is set to thrive!
Join the conversation below and share your thoughts on this groundbreaking collaboration! š¬
$KAIA /USDT is trading at 0.1437, up 9.36%, showing signs of consolidation after recent movement between 0.1406 and 0.1568. A suggested long entry is at 0.1440, with tight take-profit targets at 0.1455, 0.1470, and 0.1485.
For risk management, set a stop-loss at 0.1415. The RSI at 34 indicates potential for upward movement, so closely monitor for a breakout above resistance or a pullback to support levels.
#DeSciRising #COSSocialFiRevolution
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Brazil's central bank, Banco Central do Brasil, has kicked off phase two of its Drex CBDC pilot, aiming to revolutionize cross-border agricultural trade and supply chain processes. This phase focuses on a trade finance solution using blockchain and oracles, with partners like Microsoft and Chainlink on board. Chainlink's Cross-Chain Interoperability Protocol will enable secure transactions, enhancing transparency and efficiency. The pilot will tokenize electronic bills of lading and test blockchain mechanisms like DvP and PvP to streamline payments. Banco Inter leads the project, viewing it as a chance to boost Brazil's market access and economic health.
š Exciting news for blockchain enthusiasts! Chromia, the Layer 1 relational blockchain platform, is gearing up for its Asgard Upgrade on December 3rd. This marks the first major update to its mainnet, introducing Chromia Extensionsāmodular enhancements that boost developer capabilities while preserving the platform's strengths.
š The first Oracle Extension, developed with Stork, will enable real-time off-chain data integration, enhancing economic activity across the network. Looking ahead, the AI Inference Extension in Q1 2025 promises to revolutionize on-chain AI applications.
What are your thoughts on Chromia's innovative approach? Share in the comments!
š Bitcoin's on a roll! Recent U.S. policies have sparked a Bitcoin surge, with prices soaring over 50% from $59,000 to $91,000. Key drivers? Support from political figures and strategic reserves talk.
š” Want to maximize gains? Explore 100x leverage with BexBack, a top crypto derivatives platform. With their 100% deposit bonus, traders can double their investment potential. But remember, leverage can boost profits and risks.
Join the conversation! What do you think about leveraging in crypto? Share your thoughts below!
Bitcoin āParabolic Phase Just Begunā: Will BTC Hit $100,000 This Week?
Over the last two weeks, Bitcoin has risen 32% to $89,000ā$90,000. BTC soared 11% last Monday, setting the stage for its two-day rally to $93,400.
Since then, Bitcoin has traded between $89,000 and $92,000, briefly dropping to $87,000 on Friday. Bitcoin had its biggest weekly closing ever over the weekend.
According to crypto expert Rekt Capital, BTC is just entering its āparabolic phase,ā as week three of the cycle's āfirst price discovery uptrendā began today. The expert said BTC has normally had 300 days of parabolic surge, with the first substantial downturn occurring over a month after price discovery.
Six weeks passed before the flagship crypto's first substantial decline in 2013, according to the report. BTC rose for eight weeks in 2017 before falling. In 2020-2021, it rose for four weeks before retracing significantly.
The analyst believes āhistory suggests thereās more upside to come and that the first Price Discovery Correction is still weeks away.ā
Bitcoin seems to be repeating 2020, according to Ali Martinez. After passing $19,700, BTC surged 26% and consolidated for a week in 2020. BTC rose 66% to $40,000 in two weeks after consolidating.
Martinez said Bitcoin had increased 28% from its March ATH and is stabilizing for about a week. This means that the cryptocurrency's price might rise above $100,000 this week.
Crypto Yapper, another market analyst, predicted a āmassive moveā for Bitcoin. The expert noted the flagship crypto's consolidation around $89,000ā$90,000.
This horizontal level was a crucial resistance zone last week but has been support for five days. Bitcoin retested $91,000 earlier today, and the expert said it might continue its positive trend and reach $95,000.
A one-week symmetrical triangle pattern was broken by BTC to start the week. Crypto Yapper calls this a ātypical continuation patternā for Bitcoin
#BTC $BTC #BinancePoolFractalBitcoin #90kCryptoZone
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Hedera Price Jumps 29% on Rumors Brian Brooks Could Get Another Trump Nod
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Imagine the price action if Securities and Exchange Commission (SEC) Chair Gary Gensler joined the board of a crypto project.
Well, maybe thatās not plausible. But crypto traders have got themselves fired up over rumors that a current crypto board member could be in the frame to replace Gensler at the SEC.
The price of Hederaās HBAR token shot up 29% in the past day on rumors that board member Brian Brooks, who was briefly CEO of Binance.US, has landed himself on the shortlist to take over as head of the SEC.
At the time of writing, HBAR is changing hands for $0.1435, according to CoinGecko data. It has managed to climb 159% in the past week, but is still nowhere near its September 2021 all-time high of $0.5692.
The SEC rumor surfaced in a message on Twitter from a Fox Business journalist, who said an unnamed source told her that Brooks is on the list for āvarious financial agency roles besides the CFTC.ā
The rumor hasnāt been confirmed, and Brooks did not immediately respond to a request for comment from Decrypt.
Brooks is an American lawyer, banker, and most recently member of the board at Hederaās HBAR Foundation. Heās also a former government official, although it was a very short tenure.
He succeeded Joseph Otting as the Acting Comptroller of the Currency from May 29, 2020 until January 14, 2021. He didnāt land a full 5-year term, despite President Trump nominating him twice during his first term.
At the time, Sens. Elizabeth Warren (D-MA) and Sherrod Brown (D-OH)āwho it should be noted just lost his seatāwere vocal in saying that Brooks would too heavily favor corporate interests and cryptocurrency firms.
#Hedera #Altcoins #Altcoinseason2024 #Cryptonews