Technical Analysis: $HARD
{spot}(HARDUSDT)
/USDT
As HARD continues its upward momentum, let’s dive into the key levels to watch:
Current Price: $0.1498
Key Targets 🎯:
1. Target 1: $0.1530
This level marks the recent 24h high and serves as a crucial resistance point. A breakout above this level could lead to further bullish momentum.
2. Target 2: $0.1600
If buying pressure continues, look for this level as the next significant resistance. Traders should monitor volume closely as we approach this area.
3. Target 3: $0.1700
This psychological level could act as a magnet for price action if the market remains bullish. A sustained move above here would signal a strong upward trend.
Support Levels:
Immediate Support: $0.1163 (24h Low)
Secondary Support: $0.1100
Market Sentiment:
Currently, HARD has shown a robust increase of +16.21% in the last 24 hours, with a trading volume of 10.72M HARD. Watch out for potential pullbacks that could offer buying opportunities near the support levels.
Stay tuned for more updates, and happy trading!
#TetherAEDLaunch #USElections2024Countdown #BTCMiningRevenue #USEquitiesRebound #29thBNBBurn
$HARD /USDT ON THE EDGE OF A BIG MOVE – GET READY..
$HARD has seen a strong jump, reaching 0.1515 USDT, with a recent high of 0.1534 USDT—up by 17.44% in the last 24 hours! This rise from the low of 0.1163 USDT shows that buyers are actively pushing the price higher. If it breaks above 0.1534 USDT, we could see an even bigger rally as more traders join in, driving up the price further. But if it can't break this level, there might be a small dip, offering another chance to buy near support. Keep watching, as HARD/USDT could make a major move soon..
#hardfork #HARD/USDT #USEquitiesRebound #USElections2024Countdown
Once upon a time in the digital realm of Blockchainia, there was a mighty coin named Bitcoin. Unlike the other coins, who loved change and upgrades, Bitcoin was a creature of habit. He liked his blocks every 10 minutes and his ledger perfectly ordered. He didn’t care about flashy smart contracts or fancy features. “I’m a store of value,” he’d say with a serious look. “Digital gold.”
One day, some enthusiastic new altcoins started poking fun at him. “Hey, grandpa!” laughed one, “You’re so slow, it takes 10 minutes just to blink!” Another chimed in, “And that energy bill! Do you have to power an entire city just to confirm a block?”
Bitcoin just sighed, rolling his digital eyes. He’d heard it all before. But to prove a point, he decided to show these young altcoins what real power looked like. He gathered his miners—a legion of machines humming across the world—and boomed, “Let’s see how long you last without my hash power!”
Suddenly, the altcoins began to panic as transactions piled up across Blockchainia. People everywhere were shouting, “I just want to buy my coffee!” and “Is my transaction stuck?” The altcoins scrambled, trying to handle the load, but it was no use.
Finally, after proving his point, Bitcoin let the other coins get back to work. “Remember, kids,” he said with a grin, “old doesn’t mean weak.” And with that, he returned to his steady, block-every-10-minutes pace, leaving the other coins with a newfound respect for the “grandpa” of cryptocurrency.
#CryptoAMA #ScrollOnBinance #BinanceSquareFamily #GrayscaleXRPTrust #16thBTCWhitePaperAnniv
Bitcoin enthusiasts, buckle up! 🚀
After a Bitcoin-powered rally last week, the crypto markets took a breather over the weekend, with Bitcoin dipping to $67,570. But fear not, as Asian traders quickly pushed it back above $69,000 on Monday morning. 🌟
This week promises more excitement with the U.S. presidential election on Tuesday, which could shake things up. A Trump win might boost crypto, while a Harris victory could have the opposite effect. 🗳️
Stay tuned for key economic reports and the Federal Reserve's interest rate decision on Thursday. With so much happening, Bitcoin's resilience will be put to the test! 💪
Keep your eyes on the prize, Bitcoin believers! 🌐
Technical Analysis: $BANANA
{spot}(BANANAUSDT)
/USDT
Current Price: $49.72 (+4.56%)
As we analyze the BANANA/USDT trading pair, we can see notable fluctuations in price. With the current momentum, let's identify three key price targets for traders to watch:
Target 1: $50.88
Resistance Level: The recent 24-hour high at $50.88 serves as the first target. A breakout above this level could indicate bullish momentum, potentially attracting more buyers and pushing the price further up.
Target 2: $52.50
Key Psychological Level: A target of $52.50 represents a significant psychological resistance level. If BANANA can maintain upward momentum past $50.88, reaching this target could provide traders with additional profit opportunities.
Target 3: $45.54
Support Level: The 24-hour low of $45.54 acts as a crucial support level. If the price retraces, monitoring this level will be essential. A bounce back from here could signify strong buying interest, while a break below could indicate a bearish trend.
Market Sentiment
The recent price movement reflects a resilient market sentiment, with a 24h volume of 127,696.95 BANANA and 6.11M USDT, indicating active trading. However, caution is advised due to the mixed performance across different time frames.
Conclusion
Traders should keep a close watch on the key targets of $50.88, $52.50, and the support at $45.54. As always, risk management is crucial, and staying updated with market trends can help in making informed trading decisions.
Stay tuned for more updates and happy trading!
#TetherAEDLaunch #USElections2024Countdown #BTCMiningRevenue #USEquitiesRebound #29thBNBBurn
🚨🔥 SUI/USDT SHORT OPPORTUNITY ALERT! – ACT NOW FOR POTENTIAL GAINS! 🔥🚨
The SUI/USDT chart is signaling a potential short setup as the price hovers around 1.8798 USDT after a recent pullback from a high near 1.9677 USDT. This level could be pivotal, with the market showing signs of bearish pressure.
💡 Recommended Short Entry: Current Price – 1.8798 USDT
🎯 Target Levels for Profit-Taking:
1. 1.7824 USDT – First target, locking in initial profits.
2. 1.5983 USDT – Major support level; expect a strong reaction here. This is the level to capture substantial profits.
3. 1.5692 USDT – Final target for maximum potential, but only if bearish momentum sustains.
📉 Stop-Loss: 1.9955 USDT – A break above this could invalidate the short setup.
🔎 Analysis: With the recent high failing to maintain, there’s increased selling pressure. This retracement suggests a possible downside, and the levels above are calculated for strategic profit-taking.
⚠️ Reminder: Stay disciplined with stop-losses and manage your risk carefully in this volatile market!
#SUI #CryptoAnalysis #ShortTrade #Binance #TradingAlert
$ZRO
{spot}(ZROUSDT)
{future}(ZROUSDT)
200 SMMA: The 200-period SMMA is at approximately 3.824, which currently acts as a resistance level. The price is trading below this level, indicating a bearish sentiment unless the price manages to break above it.VWAP: The VWAP is around 3.110, relatively close to the current price level of 3.108, showing a balanced sentiment with potential for either an upward or downward shift depending on volume activity.
2. RSI (Relative Strength Index):The RSI is at 37.49, suggesting that ZRO/USDT is nearing an oversold condition. This level could indicate a potential reversal if buying pressure increases, but it remains bearish as long as it stays below the 50 level.
3. MACD (Moving Average Convergence Divergence):The MACD line is below the signal line, with values around 0.003 and -0.090. This configuration indicates bearish momentum, and the histogram confirms this trend, showing negative values. However, a positive crossover could hint at a trend reversal if the momentum increases.
4. Support and Resistance Levels:Immediate Support: Near 3.110 (aligning with the VWAP), which could act as a short-term support level.Key Resistance: Around 3.824 (aligned with the 200 SMMA), marking a significant barrier. A breakout above this level could change the current bearish outlook.
Bullish Scenario: If ZRO/USDT breaks above the 3.824 resistance, it could see further upside, with the next target around the 4.0 level.Bearish Scenario: Failure to hold above the 3.110 support level may lead to further declines, potentially finding the next support around the 2.8 area.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
🚀 Big news from Singapore! The Monetary Authority of Singapore (MAS) is taking major steps to advance tokenization in financial services! 🌐
MAS has rolled out two new frameworks to guide the acceptance and implementation of tokenized assets by financial institutions. This move aims to deepen liquidity, develop market infrastructures, and foster industry standards for tokenized assets.
Leong Sing Chiong, deputy managing director of MAS, highlighted the strong interest in asset tokenization, especially in fixed income, FX, and asset management.
What do you think about this bold move by MAS? Share your thoughts below! 👇 #CryptoNews #Blockchain #Tokenization
Celestia Faces Bearish Market Sentiment Amid Recent Declines
Celestia (TIA) has experienced a significant downturn, with its price falling by 5.56% against the US Dollar in the last 24 hours. The cryptocurrency also recorded a 6.16% loss against Bitcoin and a 6.35% loss against Ethereum. Currently trading at $4.45, Celestia is 24.12% below its predicted value for November 8, 2024.
Over the past month, Celestia has dropped by 12.93%, indicating a bearish medium-term trend. Despite an 83.02% increase over the past year, the recent performance suggests a challenging period ahead. The Fear & Greed index stands at 69 (Greed), signaling potential overvaluation in the market.
Technical analysis reveals that 20 out of 27 indicators are bearish, reinforcing the negative sentiment. Key support levels are at $4.58, $4.48, and $4.42, while resistance levels are at $4.75, $4.82, and $4.92. Investors should remain cautious as the market outlook remains uncertain.
HARD/USDT Price Momentum
$HARD
{spot}(HARDUSDT)
200 SMMA (Simple Moving Average): Positioned around 0.1183, acting as a support level. The current price is above this moving average, suggesting a potential bullish sentiment if it holds above this level.
VWAP (Volume Weighted Average Price): Approximately 0.1403, close to the current price. This alignment indicates a balanced sentiment, with the potential for either a bullish or bearish move based on volume.
RSI (Relative Strength Index):
The RSI is at 56.9, indicating neutral to slightly bullish momentum. This level suggests that the asset is not in an overbought or oversold condition, giving it room for flexibility in movement.
MACD (Moving Average Convergence Divergence):
The MACD line is slightly above the signal line, with values around 0.0003 and -0.0005. This small bullish crossover indicates weak positive momentum. A stronger upward movement in the MACD line could confirm a sustained uptrend.
Support and Resistance Levels:
Immediate Support: Around 0.1183 (aligned with the 200 SMMA), acting as a critical support if the price declines.Key Resistance Zone: Near 0.1530, representing a significant barrier. A breakout above this level could indicate a stronger bullish trend.
Bullish Scenario: If HARD/USDT breaks above the 0.1530 resistance, it may target higher levels, with the next resistance around 0.1800.Bearish Scenario: Failure to hold the 0.1183 support level could lead to further declines, with a possible support area near 0.1000.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
Binance has launched a Word of the Day WOTD activity focused on "Crypto Mining" to help users expand their crypto knowledge and earn rewards. This educational word-guessing game is running from November 4 to November 10, 2024, with a prize pool of 500,000 Binance Points for eligible participants who get five correct answers during the period.
Here's a summary of how it works:
Daily Games: Users can play up to two games per day. The second game can be unlocked by sharing a selected article on social media, which needs to be clicked by a third party.
New User Bonus: New Binance users who register using the “WOTD2024” referral code during the activity period get 10% off spot trading fees.
Binance Points: These points can be redeemed for rewards like token vouchers and trading fee rebates.
Binance Points earned will be distributed within two weeks after the activity ends and are valid until the end of the month one year after distribution. Terms and conditions apply, and only users in eligible regions with verified accounts can participate.
interested, head to Binance to test your knowledge on "Crypto Mining" and potentially earn rewards!
Bounce Auction ($AUCTION ) and Bounce Bit ($BB ) are tokens within the Bounce ecosystem, designed to facilitate decentralized auctions through various methods like fixed-price sales and English and Dutch auctions. However, despite the platform's promises, users have reported significant issues with slow development and poor community engagement.
Some influencers in the crypto space have expressed frustration over the absence of the Bounce team at major events, such as the recent TON Network conference in the UAE. They also pointed out an excessive 40-day delay in updating a simple image on the platform’s Telegram bot, while other teams accomplish similar tasks within minutes and gain huge followings.
Bounce faces a serious challenge; in the fast-paced crypto world, swift community engagement and responsiveness are essential for success.
@bounce_bit @Binance_Labs @Bounce_Finance @CZ @BinanceCIS
{future}(AUCTIONUSDT)
{future}(BBUSDT)
$TON
{spot}(TONUSDT)
{future}(TONUSDT)
Moving Averages (MA):
200 SMMA (Simple Moving Average): Positioned around 5.015, this level acts as a potential resistance, as the price currently lies below it. If TON/USDT moves above this level, it could signal a bullish trend shift.
VWAP (Volume Weighted Average Price): The VWAP is around 4.862, near the current price. This alignment suggests a neutral to slightly bullish sentiment in the short term.
RSI (Relative Strength Index):
The RSI is at 55.64, indicating a slightly bullish momentum. This value suggests that the asset is neither overbought nor oversold, allowing for flexibility in price movement.
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line, with values of 0.012 and 0.013, showing a minor bullish crossover. This indicates positive momentum, although a stronger increase in the MACD line is needed to confirm a more robust upward movement.
Support and Resistance Levels:
Immediate Support: Around 4.800, serving as a short-term floor if the price experiences a pullback.Key Resistance Zone: Near 5.015, aligning with the 200 SMMA. A breakout above this level could indicate a stronger bullish trend.
Bullish/Bearish Scenarios:
Bullish Scenario: If TON/USDT breaks above the 5.015 resistance, it could target higher levels, with the next resistance around 5.200.Bearish Scenario: Failure to hold above 4.800 may lead to further declines, with a possible support level near 4.500.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
🚀 Crypto Rollercoaster: Bitcoin Dips Below $69K Amid Election Jitters! 🚀
- Bitcoin's wild ride continues as it briefly dipped below $69,000, causing nearly $350M in liquidations on Nov. 3.
- Traders are on edge with the US presidential election around the corner, leading to $259.7M in long bets and $90.08M in short bets getting liquidated.
- BTC started the week at $67,700, peaked at $73,300, and is now back at $69,145.
- Trump vs. Harris: The odds are tightening on Polymarket, with Trump’s crypto-friendly stance making waves.
- Analysts predict a potential BTC surge to $100K if Trump wins, while a Harris victory could see a dip. Hold onto your hats, crypto fans!
🚀 Bitcoin's Wild Ride: $350M Liquidations Amid Election Jitters! 🚀
Hold onto your hats, crypto enthusiasts! Bitcoin took us on a rollercoaster this week, dipping below $69K and causing nearly $350M in liquidations! 😱
- BTC started at $67,700 on Oct. 28, soared to $73,300 on Oct. 29, then dipped to $67,719 on Nov. 3.
- It's now back at $69,145, according to CoinGecko.
The drama doesn't end there! With the US presidential election around the corner, Trump and Harris are neck and neck on Polymarket. Trump's crypto-friendly stance has traders buzzing, while Harris's regulatory approach adds to the suspense.
What do you think? Will BTC hit $100K if Trump wins? Drop your thoughts below! 💬👇
Bitcoin's price took a wild ride this past week, briefly dipping below $69,000 amid market jitters ahead of the U.S. presidential election. On Nov. 3, the crypto market saw nearly $350 million in liquidations, the highest since Oct. 25, with $259.7 million in long bets and $90.08 million in short bets wiped out, according to CoinGlass.
Bitcoin's value fluctuated significantly, starting at $67,700 on Oct. 28, peaking at $73,300 on Oct. 29, and then dropping to a low of $67,719 before recovering to $69,145, per CoinGecko.
The market's volatility coincides with tightening odds between presidential candidates Donald Trump and Kamala Harris on Polymarket. Trump's odds peaked at 67% on Oct. 30 but have since corrected to 56%. The crypto community views Trump as more favorable due to his pro-crypto stance, while Harris supports a regulatory framework.
Analysts speculate that a Trump victory could push Bitcoin to $100,000, whereas a Harris win might lead to a significant drop. As election day approaches, the market remains on edge, with traders bracing for potential major moves in Bitcoin's price.
⚡️INSIGHT: The Crypto Vote – A Potential Game-Changer?
🔶 73% of Crypto Owners Prioritize Candidates' Crypto Stance
Recent insights reveal that 73% of U.S. crypto owners will consider a presidential candidate’s stance on crypto policy when casting their vote.
🔶 Could Crypto Owners Sway the Election?
With nearly 20% of U.S. voters invested in cryptocurrencies, the crypto community could influence key states, especially swing states where even small voting blocs matter.
🔶 Rise of Single-Issue Crypto Voters
Around 5% of crypto owners identify as single-issue voters, focused solely on a candidate's crypto stance. This dedicated segment may sway outcomes in tightly contested races.
Conclusion
Crypto policy could emerge as a pivotal issue in the upcoming election, with the potential to impact results, especially in closely contested areas. 👀
#USElections2024Countdown
FIL Price Action: Support and Resistance Analysis
$FIL
{spot}(FILUSDT)
{future}(FILUSDT)
200 SMMA (Simple Moving Average): The 200-period SMMA is currently at approximately 3.584, positioning it as a resistance level for the price. The current price is below this line, indicating a bearish sentiment unless the price breaks above this level.
VWAP (Volume Weighted Average Price): The VWAP is around 3.350, close to the current trading price. This suggests balanced sentiment, with potential for either a bullish or bearish move depending on volume dynamics.
RSI (Relative Strength Index):
The RSI is at 47.00, indicating a neutral position. This value implies that FIL/USDT is not in an overbought or oversold condition, providing flexibility for movement based on further market signals.
MACD (Moving Average Convergence Divergence):
The MACD line is slightly above the signal line, with values at 0.006 and -0.007. This slight crossover shows weak bullish momentum, but further increase in the MACD line would be needed to confirm a sustained upward trend.
Support and Resistance Levels:
Immediate Support: Around 3.300, which aligns closely with recent price activity and could serve as a support level if the price declines.Key Resistance Zone: Near 3.600, marking a significant barrier. A breakout above this level could signal a bullish trend.
Bullish Scenario: If FIL/USDT breaks above the 3.600 resistance, it could target higher levels, with the next resistance zone around 3.800.Bearish Scenario: Failure to maintain the 3.300 support level may lead to further declines, with potential support near 3.000.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
Here's a professional overview on passive FDUSD (First Digital USD) earning strategies on Binance, allowing you to increase your holdings without active trading:
1. FDUSD Earn
Flexible Savings: Deposit FDUSD into a flexible savings account to receive daily interest while retaining liquidity, with the option to withdraw anytime.
Locked Savings: For potentially higher yields, consider locked savings, where FDUSD is committed for a fixed period (ranging from 7 to 90 days or more).
2. Binance Earn
Staking: Stake FDUSD to support blockchain networks and earn rewards in FDUSD or other cryptocurrencies.
DeFi Staking: Access DeFi options on Binance’s platform to earn returns on FDUSD through decentralized finance mechanisms.
3. Binance Launchpool
Token Launch Events: Stake FDUSD in Binance’s launchpool to earn tokens from new projects.
4. Binance Liquid Swap
Liquidity Provision: Add liquidity to FDUSD trading pairs and earn a share of fees generated from trading activity within the liquidity pool.
5. Binance Referral Program
Referral Earnings: Invite others to join Binance using your referral link and earn a share of their trading fees in FDUSD.
Key Considerations
Risk Management: Cryptocurrency markets can be volatile; regularly monitor FDUSD’s value and assess associated risks.
Fee Awareness: Some services, including certain Earn products, trading, and withdrawals, may carry fees.
Account Security: Ensure strong account protection by enabling two-factor authentication (2FA).
Additional Tips
Stay Informed: Watch for new earning options as Binance frequently updates its offerings.
Diversify Strategies: Spread your FDUSD across multiple earning methods to balance risk.
Regular Monitoring: Periodically review your earnings and adjust your approach to optimize returns.
By leveraging these methods, you can grow your FDUSD holdings passively. Conduct thorough research and consider the risks before participating in any program.
{spot}(ETHUSDT)
{spot}(BTCUSDT)
{spot}(BNBUSDT)
#Therapydogcoin #CryptoAMA #16thBTCWhitePaperAnniv #29thBNBBurn
BNB/USDT: Evaluating Market Momentum and Price Zones
$BNB
{spot}(BNBUSDT)
{future}(BNBUSDT)
Moving Averages (MA):
200 SMMA (Simple Moving Average): Positioned around 582.67, which currently acts as a resistance level. The price is below this level, indicating bearish sentiment.
RSI (Relative Strength Index):
The RSI is at 47.53, reflecting a neutral to slightly bearish sentiment. This level suggests neither overbought nor oversold conditions, allowing flexibility for movement in either direction based on further market developments.
MACD (Moving Average Convergence Divergence):
The MACD line is above the signal line with values around 1.03 and -1.70, indicating a minor bullish crossover. However, the trend strength appears weak. Further upward momentum in the MACD could support a more sustained bullish move.
Support and Resistance Levels:
Immediate Support: Near 558.80, which aligns with the recent price level. If this level is broken, it could indicate a further bearish trend.Key Resistance Zone: Around 582.67 (the 200 SMMA), which is a significant barrier. A break above this level could signal a shift to a bullish trend.
Bullish Scenario: If BNB/USDT breaks above the 582.67 resistance level, it may target higher levels, with the next resistance around 600.00.Bearish Scenario: Failure to maintain above the 558.80 support level could lead to further declines, with a potential support area near 540.00.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
In 2024, the prospect of Kamala Harris assuming the U.S. presidency could have a profound impact on the cryptocurrency market. Her leadership might bring a shift in regulatory perspectives, introducing new dynamics into an already volatile space. If Trump faces possible incarceration during this time, it could serve as an unexpected “black swan” event, shaking market sentiment and creating unforeseen risks for crypto assets.
This unique combination of political shifts could bring both challenges and opportunities for the crypto sector. Harris’s approach may lead to stricter oversight, potentially affecting market liquidity and investor sentiment in the short term. However, with uncertainty often comes the potential for high reward, as market adjustments create openings for early entrants.
In light of these potential changes, a proactive strategy would be to begin accumulating positions in the spot market at the start of 2024. This gradual approach allows investors to take advantage of potential dips or price adjustments while maintaining flexibility. Positioning early can provide a cushion against sudden regulatory or market shifts that could emerge as the political landscape evolves.
For investors looking toward the longer horizon, this strategy could pave the way for capitalizing on a possible bull market by 2025. By establishing positions well in advance, they can be ready to benefit from upward trends should the market respond positively to new regulatory clarity or stability in the sector. Taking these steps now may ultimately prove advantageous as the political narrative continues to unfold.
#kamalaHarris #donaldtrump #USEquitiesRebound #TetherAEDLaunch #USElections2024Countdown
🚨 Market Alert 🚨 Newly listed coins Show Negative sentiment here.. $NEIRO , $TURBO , #CATI and $HMSTR ..
The spotlight is on as volatility takes a hit across these altcoins! Currently, HMSTR is dipping by 4.75%, positioning itself as a high-risk, high-reward setup for bold traders seeking entry points in the downtrend. Meanwhile, $CATI has seen a 3.77% decline, signaling possible oversold conditions that might prompt a swift recovery. $NEIRO, dropping by 4.7%, could be nearing a support zone—watch for potential reversals. Lastly, TURBO has pulled back by 2.01%, a milder decrease that could offer a safer entry for cautious traders. Stay sharp and manage your risks; these assets are primed for potential swings, offering a playground for savvy trading moves..
#USEquitiesRebound #USElections2024Countdown #16thBTCWhitePaperAnniv
COMP Market Analysis: Are We Near a Bottom?
$COMP
{future}(COMPUSDT)
{spot}(COMPUSDT)
200 SMMA (Simple Moving Average): The 200-period SMMA is positioned around 43.24, currently acting as a resistance level. The price is below this moving average, indicating a bearish trend in the short term if it continues to trade under this level.
VWAP (Volume Weighted Average Price): The VWAP is at approximately 41.12, just above the current price. This level can act as immediate resistance, suggesting that a break above could attract some buying interest.
2. RSI (Relative Strength Index):Current Level: The RSI stands at 55.00, reflecting a neutral condition. This suggests neither overbought nor oversold levels, allowing flexibility for the price to move in either direction depending on volume and momentum.
3. MACD (Moving Average Convergence Divergence):Current Status: The MACD line is at 0.17, with the signal line at 0.08. A slight bullish crossover is observed, hinting at the possibility of an upward momentum, but the trend strength remains weak. Further upward movement in the MACD line could confirm bullish sentiment.
4. Support and Resistance Levels:Immediate Support: Around 41.00, with the area below this level acting as a strong support zone.Key Resistance Zone: Near 43.24 (aligning with the 200 SMMA), which is likely to act as a barrier to the price.
Bullish Scenario: If COMP/USDT can break above the 43.24 resistance, it may target higher levels, with the next potential resistance around 45.00.Bearish Scenario: If COMP/USDT fails to hold above 41.00, further downside could be expected, with support likely around 39.00.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own research and consult with a professional before making any investment decisions.
🚀 **Altcoin Rollercoaster: Buckle Up for the Grand Finale!** 🎢
- ITC Crypto founder Benjamin Cowen predicts the "altcoin reckoning" will wrap up by Dec 2024 or Jan 2025.
- This final flush-out mirrors the 2019 bear market, hinting at a potential 2025 altcoin surge.
- Altcoin/Bitcoin pairs have bled for three years, with altseasons in post-halving years 2017 and 2021.
- Crypto investor 'Sensei' forecasts the "biggest altseason ever" in less than 10 days.
- Bitcoin's dominance at 60.5% means altcoins may stay quiet until BTC's market share drops below 50%.
- Recent market dips hit altcoins hard, with ETH and SOL down 11%, BNB down 8%, while BTC only dipped 5.8%.
Hold tight, crypto enthusiasts! 🌟
**Crypto Market Update: Altcoins Face Tough Times Ahead**
Altcoins might be in for a rough ride before seeing any gains, according to ITC Crypto founder Benjamin Cowen. He predicts a "final altcoin reckoning" by December 2024 or early January 2025, comparing it to the bear market of 2019. Cowen believes altcoins will follow a similar recovery pattern seen in 2020, potentially surging in 2025.
Bitcoin's market dominance is at 60.5%, its highest since March 2021, making significant altcoin movements unlikely until BTC's share drops below 50%. Over the weekend, the crypto market's total capitalization fell to $2.4 trillion, with altcoins like ETH, SOL, and BNB taking the biggest hits.