đ Despite a rocky start, the DOGS meme coin on Telegram is still making waves! đ
Launched on August 26, DOGS saw its market cap skyrocket to over $600M in just 10 hours, but it faced a 30% drop soon after. The arrest of Telegram CEO Pavel Durov has added to the volatility, sparking the #FREEDUROV campaign.
Trading on major exchanges like Binance and OKX, DOGS experienced a trading volume of $1.74B. The ongoing airdrop and bot issues have added strain, but the community remains optimistic.
Stay tuned as the market navigates these turbulent waters! #Crypto #Web3 #Blockchain
đ¶đ Hold onto your leashes, folks! DOGS, the meme coin barking up the Telegram tree, had a wild first day! Initially fetching a $600M market cap in 10 hours, it then took a 30% nosedive. Why? Telegram CEO Pavel Durov got collared! đŸ
#FREEDUROV is trending, but the DOGS token is feeling the bite. Despite launching on big exchanges like Binance and OKX, the arrest has spooked the pack.
Airdrop woes and bot bans added fuel to the fire. Yet, we're optimistic! Market hiccups are just part of the crypto adventure.
What do you think? Will DOGS bounce back? Comment below!
$NOT Price Prediction: The Telegram Coin Is Oversold - BeinCrypto Analytics
Yesterday, Notcoinâs price dropped to $0.0088, a level last seen during the broader market drawdown earlier this month. A further slide below this point could have spelled trouble for the cryptocurrency associated with Telegram.
However, as seen in the chart below, NOT has rebounded to $0.0093. The daily chart also highlights the Money Flow Index (MFI), showing that NOT is currently oversold. In crypto, an oversold asset often increases the likelihood of a price rebound.
For those unfamiliar, the MFI analyzes price and volume to gauge buying and selling pressure, identifying overbought and oversold conditions. An MFI reading of 80.00 or above signals overbought, while 20.00 or below indicates an oversold state.
With a current MFI reading of 18.30, Notcoin is oversold. If buying pressure builds, the cryptocurrency could aim for a short-term target of $0.012. However, if selling pressure intensifies or more negative news surfaces, like further developments in Durovâs arrest in France, NOT could decline toward $0.0077.
#RPL $RPL
MartClues AI Analysis: Bullish Breakout from Falling Wedge
Trade Setup:
Despite the prevailing downtrend, the price recently broke out from a Falling Wedge pattern. This breakout suggests a potential temporary bullish trend reversal with an upside potential of +15% towards the $12.00 resistance level. Set a stop loss at $9.80 to manage risk. This trade setup is riskier because it goes against the overall downtrend and represents a trend reversal rather than a continuation.
Patterns: Falling Wedge Breakout
The Falling Wedge pattern typically indicates that a downtrend is losing strength and a bullish breakout could occur. Traders generally wait for the price to break through the upper trendline of the wedge before entering a trade. A successful breakout from this pattern often leads to significant upward movement. Learn more about trading these patterns in Lesson 8.
Trend and Momentum:
Short-term Trend: Neutral (post-breakout)Medium-term Trend: DownLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of weakening. The MACD Line remains above the MACD Signal Line, but the declining MACD Histogram bars suggest that bullish momentum may be diminishing. The price is in a neutral zone according to RSI-14 levels, indicating it is neither overbought nor oversold.
Support and Resistance:
Nearest Support Zone: $10.00Nearest Resistance Zone: $14.00, then $18.00
Take Action:
Monitor the price closely for further movement following the breakout from the Falling Wedge pattern. If the price continues to rise towards the $12.00 resistance, it may confirm the trend reversal. Implement a price alert and set a stop loss to manage potential risks. Keep an eye on momentum indicators and adjust your strategy as needed based on further price action and trend developments.
#Gala Games Rumored to Launch Global Rewards Program for GALA Holders
In an unexpected turn, rumors have emerged that Gala Games is preparing to launch a global rewards program for $GALA holders. It is said that the program will offer massive rewards, potentially reaching millions of dollars, to all current token holders, as well as exclusive access to the company's gaming content. The rumor suggests that this initiative will soon be rolled out and could significantly impact the value of the #GALA token, presenting an unparalleled investment opportunity. However, no official confirmation has been made by the company, so this news should be approached with caution.
#DOT $DOT
MartClues AI Analysis: Channel Down with Potential for Bullish Breakout
Trade Setup:
The price remains in a downtrend, characterized by Lower Highs and Lower Lows. Recently, it broke below the $4.80 support level from early July and reached a new low at $3.60, a key support from November 2023. Currently, the price is trading within a Channel Down pattern, which often leads to a bullish breakout and potential trend reversal. Await a breakout to confirm a shift in trend. Set a price alert to track this potential move.
Pattern: Channel Down Formation
The Channel Down pattern suggests a continued downtrend within two descending trendlines. Traders can look for a potential bullish breakout when the price breaches the upper trendline. A breakout typically leads to significant price movement in the direction of the breakout, providing an opportunity for a trend reversal.
Trend and Momentum:
Short-term Trend: DownMedium-term Trend: Strong DownLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of weakening. The MACD Line remains above the MACD Signal Line, yet the declining MACD Histogram bars indicate that bullish momentum may be fading. The price is within a neutral zone according to RSI-14 levels, not overbought or oversold.
Support and Resistance:
Nearest Support Zone: $3.60Nearest Resistance Zone: $4.80, then $6.00
Take Action:
Monitor the price closely for a breakout from the Channel Down pattern. If the price breaks above the upper trendline of the channel, it could signal a bullish trend reversal. Implement a price alert to catch this move and be prepared for potential trading opportunities based on the breakout confirmation.
#FTM $FTM
MartClues AI Analysis: Bullish Breakout from Falling Wedge
Trade Setup:
Despite the prevailing downtrend, the price recently broke out from a Falling Wedge pattern, signaling a potential temporary bullish trend reversal. The price is now approaching the target level of $0.50, representing a potential +20% gain from current levels. Set a price alert to monitor this key level.
Pattern: Falling Wedge Breakout
The Falling Wedge pattern typically indicates a downtrend that can reverse upon breaking through the upper trendline. As the price nears resistance levels, it may either pause or reverse its recent advance. Resistance levels, often former support areas or previous rejection points, can act as barriers to further upward movement. Once the price breaks above these levels, it may continue to advance to subsequent resistance points.
Trend and Momentum:
Short-term Trend: Up (post-breakout)Medium-term Trend: NeutralLong-term Trend: Strong Down
Momentum remains bullish but is showing signs of inflection. The MACD Line is still above the MACD Signal Line, yet the MACD Histogram bars are declining, suggesting potential weakening of momentum. The price is neither overbought nor oversold based on current RSI levels.
Support and Resistance:
Nearest Support Zone: $0.40, then $0.30Nearest Resistance Zone: $0.62
Take Action:
Monitor the price as it approaches the resistance level of $0.50. If the price breaks above this resistance, it could continue advancing towards the next resistance zone at $0.62. Implement a price alert and manage risk by setting a stop-loss if the price moves against the bullish trend. Confirm the breakout and potential continuation with additional technical indicators or price action signals before making trading decisions.
#APT $APT
MartClues AI Analysis: Bullish Breakout from Channel Down
Trade Setup:
Despite the prevailing downtrend, the price has recently broken above the resistance level of $6.50 from a Channel Down pattern. This breakout indicates a potential temporary bullish trend reversal with an upside target towards $7.75. Set a Stop Loss at $5.60 to manage risk. This setup is riskier due to its counter-trend nature but offers a potential opportunity for a short-term reversal.
Pattern: Channel Down Breakout
The Channel Down pattern generally indicates a downtrend with price movement between descending trendlines. A breakout above the upper trendline can signal a potential reversal or temporary bullish phase. The price can move significantly in the direction of the breakout, providing a trading opportunity if confirmed.
Trend and Momentum:
Short-term Trend: Up (post-breakout)Medium-term Trend: NeutralLong-term Trend: Strong Down
Momentum is currently bullish but showing signs of inflecting. The MACD Line is above the MACD Signal Line, yet the MACD Histogram bars are declining, suggesting that bullish momentum might be weakening. The price is neither overbought nor oversold based on current RSI levels.
Price Target and Risk Management:
Target Resistance Level: $7.75Stop Loss Level: $5.60Support Level: Monitor the breakout level ($6.50) for potential support if the price retraces.
Take Action:
Consider entering a long position given the bullish breakout from the Channel Down pattern, targeting $7.75. Employ rigorous risk management by setting a Stop Loss at $5.60 to protect against possible reversals. Be aware that this trade is counter-trend, making it inherently riskier. Confirm the bullish trend with additional technical indicators or price action before committing.
đ±đ„2 Real World Assets (RWA) Altcoins to Trade in September 2024đ„đ„
Pendle (#PENDLE )
Ranked as the 110th most valuable project in the crypto market, Pendle enables trading and tokenization of future yields. This makes it one of the top RWA altcoins to watch out for in September.
In addition, $PENDLE is currently undergoing daily token unlocks. While the amounts are relatively small, these unlocks can still impact the tokenâs price. However, once this period stabilizes, the RWA altcoin could see an upswing.
Over the last seven days, PENDLEâs price has already risen by nearly 20%. According to the daily chart, the token is trading within an ascending channel. Thanks to its yield potential, PENDLE may attract increased interest from market participants.
If buying pressure grows, the token could climb to $3.90 in the short term. On the other hand, if selling pressure rises, PENDLEâs value could dip below $2.
Maker ($MKR )
MKR, the governance token of the MakerDAO project, made headlines in August for positive developments. Two weeks ago, leading crypto asset management firm Grayscale added MKR to its expanding list of investment funds.
During the same period, network activity on the Maker Protocol surged, contributing to a price retest of $2,000. Currently, #MKR trades at $2,115. While it remains significantly below its all-time high, MKR stands out as one of the top RWA altcoins to watch in September.
According to the daily chart, MKR has been trading in a narrow range between $1,868 and $2,201 since August 8. Bears appear to be attempting another push below the $2,000 level, but strong support at $2,024 could help hold the price above that key threshold.
{spot}(PENDLEUSDT)
{spot}(MKRUSDT)
#altcoins #RWA
Bitcoin has fallen 1% in the last 24 hours, putting it on the verge of dropping below the $63,000 level. This decline comes despite spot Bitcoin ETFs recording their eighth consecutive day of inflows, indicating a potential disconnect between market sentiment and institutional interest.
The persistent inflows into Bitcoin ETFs suggest that institutional investors remain optimistic about the long-term prospects of Bitcoin. However, the current market behavior reflects a more cautious or even pessimistic outlook among retail investors and traders.
This divergence raises concerns about the near-term stability of Bitcoin's price, as the market appears to be grappling with conflicting signals.
#ETH $ETH
MartClues AI Analysis: Channel Down Pattern with Potential Bullish Movement
Trade Setup:
A Channel Down pattern was identified on August 27 at 6:00 UTC and is currently in the process of forming. Despite the overall bearish trend indicated by the pattern, there is a forecasted potential bullish price movement towards the resistance level of 2,744.6060 within the next 22 hours. Traders might consider this as an opportunity to prepare for a potential short-term rebound towards the upper trendline of the channel.
Pattern: Channel Down Formation
The Channel Down pattern signifies a downtrend, with the price moving between descending trendlines. During its formation, a temporary bullish move towards the resistance level can occur before the price potentially resumes its downtrend. This provides an opportunity for traders to capture short-term gains if the price rebounds.
Trend and Momentum:
Short-term Trend: Bearish (within the Channel Down)Medium-term Trend: BearishLong-term Trend: Bearish
Momentum could shift to bullish as the price approaches the resistance level of 2,744.6060. Watch for confirming indicators such as increased volume or bullish technical patterns to support this potential move.
Price Target:
Target Resistance Level: 2,744.6060Support Level: Observe the lower trendline of the Channel Down for potential support if the price retraces.
Take Action:
Consider entering a long position if the price shows signs of moving towards the resistance level of 2,744.6060 within the Channel Down pattern. Implement appropriate risk management strategies, including a stop-loss, to mitigate potential risks if the downtrend continues. This setup is ideal for traders looking to capitalize on short-term bullish movements within a prevailing bearish trend.
đšđšđš$DOGS PRICE DOWN 30% AFTER ONE DAY OF TRADINGđšđšđš
The DOGS token, a meme coin native to Telegram, has taken a significant hit, dropping about 30% just a day after it began trading on August 26. Despite initially reaching a market cap of $624 million within the first 10 hours and being listed on major exchanges like Binance and OKX, the token's value has continued to decline.
The arrest of Telegram CEO Pavel Durov has added to the token's troubles, with the community rallying around the #FREEDUROV campaign.
Meanwhile, some users are still waiting on their airdrop claims, as the process has faced delays and issues with bot activity. On Binance, the DOGS/USDT pair saw a 130% increase over 24 hours, though it's currently trading below $0.0013000.
[Click here to vote for me](https://app.binance.com/uni-qr/cpro/Samina_khan?l=en&r=252877207&uc=app_square_share_link&us=copylink)
#DOGSONBINANCE #BNBChainMemecoins #TelegramCEO
Here's a quick summary and breakdown of #digitalassets regulations across the globe. đ
Notably, in the #European Union, the comprehensive MiCA framework has been implemented, which provides a set of rules for the #cryptocurrency sector. đŠ
While in the U.S, the #SEC has definitely taken a more active approach in regulating the ecosystem, leading to some high-profile cases and legal setbacks. đšââïž
For an in-depth highlight of regulatory updates in various regions, read our latest writeup âĄïž https://t.co/FiO7MYaLb5
#OAX #OAXAcademy #OAXLearn #regulations #crypto #bitcoin #web3 #cryptocommunity #web3community #fintech #blockchain
đ Bitcoin Bull Run Alert! đ
If Bitcoin continues to soar between $180,000 and $185,000, brace yourself for some exciting shifts in the crypto universe! Hereâs a speculative look at how your favorite cryptocurrencies might perform:
1. SHIBA INU (SHIB) đ Could reach $0.0134-$0.0155 as market enthusiasm heats up!
2. BONK (BONK): 𩮠Might climb to $0.10-$0.115 with growing demand for fresh tokens!
3. PEPE (PEPE)đž Could rise to $0.00013-$0.00015, powered by its lively and appeal!
4. FLOKI (FLOKI): đ Inspired by meme culture, it could hit $0.50-$0.55 as speculation drives its value!
5. LUNC (LUNC) đ Aiming for $1-$1.05, benefiting from Bitcoinâs bullish trend and market optimism!
6. WIN (WINK) đ° If LUNC hits $1, WIN could reach $5-$5.25, making a strong statement in the altcoin market!
đ Note:These predictions are speculative. The crypto market is unpredictable, so always do your own research and invest wisely!
Stay tuned and keep your eyes on the prize! đâš
#CryptoMarketMoves #RaiBasit #BinanceBlockchainWeek #BitcoinBullRun #CryptoPredictions
**Crypto Millionaire Boom: Bitcoin's Big Year! đ**
- The number of Bitcoin millionaires skyrocketed by 111% in the past year, with 85,000+ people now holding over $1M in BTC, per Henley and Partners' Crypto Wealth Report 2024.
- Not just Bitcoiners! Globally, 172,300 people now hold over $1M in various cryptocurrencies, up 95% from last year.
- The elite club of crypto centi-millionaires (holding $100M+) grew 79% to 325, and six new crypto billionaires joined the ranks, totaling 28.
- Bitcoin's price surged 142% over the year, largely driven by the introduction of spot Bitcoin ETFs, attracting $200M in a single day.
đ Bitcoinâs Monthly Candle Drama! đ
- Augustâs end might bring a âdragonfly dojiâ on Bitcoinâs chart, hinting at a trend reversal, says analyst HODL15Capital.
- FXProâs Alex Kuptsikevich sees optimism but warns itâs too early to confirm.
- BTC needs to break $68K to escape its downward trend since March.
- Apollo Cryptoâs Henrik Andersson believes fundamentals and sentiment are key, with rate cuts and elections in focus.
- BTC currently at $63,150, forming a hammer candlestick, another bullish sign.
Stay tuned for more crypto theatrics! đ
đ Bitcoin's August Candle: A Dragonfly in Disguise? đ
Hold onto your hats, crypto enthusiasts! August might just end with a bang for Bitcoin, as analysts eye a potentially "interesting monthly candle." The buzz is all about a "dragonfly doji" on the BTC chart, hinting at a trend reversal. đ
But wait, the month isn't over yet! While some see this as a sign of bullish recovery, others caution that fundamentals and sentiment still rule the roost.
What do you think? Will Bitcoin soar or stumble? Drop your thoughts in the comments! đŹ
#Bitcoin #CryptoTrends #MarketWatch
đ **Crypto Millionaire Boom: Bitcoin's Magic Touch!** đ°
Hold onto your hats, folks! The number of Bitcoin millionaires has skyrocketed by 111% in the past year, with 85,000+ people now flaunting over $1M in BTC. đ€
But wait, there's more! The Crypto Wealth Report 2024 reveals that 172,300 people globally now hold over $1M in various cryptocurrencies, up 95% from last year. Even the elite club of crypto centi-millionaires saw a 79% boost!
Want to join the crypto millionaire club? Share your thoughts in the comments! đ
#CryptoWealth #BitcoinBoom #MillionaireMindset
**Crypto Millionaires Surge in 2024**
The number of Bitcoin millionaires has skyrocketed by 111% over the past year, with 85,400 individuals now holding over $1 million in BTC, according to the Crypto Wealth Report 2024 by Henley and Partners.
- **Overall Crypto Millionaires:** The total number of crypto millionaires globally has surged by 95%, reaching 172,300.
- **Centi-Millionaires and Billionaires:** The elite group of crypto centi-millionaires (over $100 million) grew by 79% to 325, while six new crypto billionaires emerged, bringing the total to 28.
- **Bitcoin's Dominance:** Bitcoin remains a significant driver, with five out of six new billionaires attributed to BTC investments.
- **Price Growth:** Bitcoin's price has soared 142% in the past year, from $26,100 to $63,100.
- **ETF Impact:** The introduction of spot Bitcoin ETFs has been a key factor, with over $200 million in inflows on Aug. 26 alone.
This rapid growth highlights the increasing interest and investment in the cryptocurrency market.
**Bitcoin's August Candle Could Signal Trend Reversal, Analysts Say**
Bitcoin enthusiasts, keep an eye on the charts! As August wraps up, analysts are buzzing about a potentially "interesting monthly candle" on Bitcoin's chart. Analyst 'HODL15Capital' noted a possible "dragonfly doji" formation, which might hint at a trend reversal.
FXPro's Alex Kuptsikevich adds that this pattern could signal optimism for recovery after recent setbacks. However, he warns it's too early to confirm. Bitcoin needs to break above $68K to shift the downtrend, with $74K marking new highs.
Meanwhile, Apollo Crypto's Henrik Andersson argues fundamentals and sentiment, like Federal Reserve decisions and US elections, will drive the market. Bitcoin currently trades at $63,150, showing a hammer candlestick, another bullish sign. Stay tuned!