Mixed Signals on $SUI : Bears Show Pressure as Key Support and Resistance Levels Near
In recent hours, #SUI has shown stable closing prices between $1.86 and $1.89, with key indicators offering mixed signals.Â
The price is nearing immediate resistance at $1.8904 and $1.8905. A breakout above these levels could lead to testing higher resistance at $1.8959. Conversely, a dip below the critical support level of $1.8638 may push prices down to $1.8418.
The 9 EMA is slightly below the 20 EMA, indicating a short-term bearish trend. Additionally, the MACD shows a bearish divergence, suggesting sellers are in control. The RSI sits at 45.66, reflecting a neutral sentiment.
Traders should consider a long position if SUIUSDT breaks above $1.8905, targeting $1.8959, while a short position may be viable if it falls below $1.8638, aiming for $1.8418.Â
As always, exercise caution and monitor market conditions closely. #TrendingInvestments #CryptoTradingTip
EigenLayer, Ethereumâs restaking giant, is spicing things up with new options, including wrapped Bitcoin (BTC) yield and payouts from node operator P2P.org. đ ARPA Network, built on EigenLayer, will reward uniBTC depositors, opening fresh liquidity and reward paths for BTC holders. P2P.org, a major validator, just sprinkled $2.2M in ETH to restakers. EigenLayer secures over $10B in collateral, with a new rewards program to boost adoption. With EIGEN's recent unlock, EigenLayer is eyeing Web3 apps, while RedStone launched a data-validation service. The crypto party continues!
đ Big news in the crypto cosmos! EigenLayer, Ethereum's restaking giant, is spicing things up with fresh options, including wrapped Bitcoin (BTC) yields and payouts from node operator P2P.org. ARPA Network, riding on EigenLayer, is rewarding uniBTC depositors, opening new liquidity doors for BTC holders. đ
P2P.org, a top validator, just showered $2.2 million in Ether (ETH) on restakers. EigenLayer secures over $10 billion in restaked collateral, with a rewards program boosting adoption.
Curious about restaking's future? Drop your thoughts below! âŹď¸
đ Bitcoin's soaring dominance is making waves! As BTC climbs 55% YTD, it's outshining BlackRock's TLT, which dropped 8%. This shift hints that investors might be seeking higher returns by moving from traditional safe havens like U.S. Treasuries to the crypto king. đ
With BTC's market cap dominance hitting 60.56%, are we witnessing a new era where Bitcoin is seen as a safer bet amidst economic uncertainties? Share your thoughts! Is Bitcoin the new "safe" asset, or just a high-risk, high-reward play? Let's discuss in the comments!
đ Bitcoin is making waves! As the world's largest cryptocurrency surges 55% this year, it's becoming more dominant, capturing 60.56% of the crypto market cap. Meanwhile, BlackRock's U.S. Treasury Bond ETF, TLT, has dropped 8%.
- Investors may be shifting from Treasuries to Bitcoin, seeking higher returns amidst economic uncertainty.
- Bitcoin's value is now 800 times that of TLT, up from 466 in 2021.
- With global tensions and rising interest rates, Bitcoin might be emerging as a safer asset for some.
What do you think? Is Bitcoin the new "safe" investment? Share your thoughts below! đŹ
EigenLayer, Ethereum's leading restaking platform, is expanding its offerings with new restaking options, including wrapped Bitcoin (BTC) yield and node operator payouts. ARPA Network, built on EigenLayer, will reward uniBTC depositors, enhancing liquidity and opportunities for BTC holders. On Nov. 4, P2P.org, EigenLayer's top validator, distributed $2.2 million in Ether to restakers. Restaking involves using staked tokens to secure multiple protocols. EigenLayer, securing over $10 billion in collateral, aims to boost restaking with its EIGEN token rewards program.
Bitcoin and US Elections: History Repeats?
Looking back at the last two US elections, weâve seen a strong Bitcoin bull market follow each one. Letâs take a look:
đ
2016 US Election (November):
âĄď¸ Before the election, BTC was at $700
âĄď¸ Within a year, $BTC soared to $19,900
đ
2020 US Election (November):
âĄď¸Pre-election price: $13,600
âĄď¸ Just a year later, BTC hit an all-time high of $69,000!
Now, with the US election tomorrow, is this another $BTC buying opportunity based on past trends?
đŽ My Prediction: By next year, November 2025, BTC could reach $150,000 - $180,000.
Letâs see if history repeats!
Last week, the cryptocurrency market experienced significant volatility, particularly around Bitcoin, which climbed close to its all-time high of $73,000, fueled by ongoing anticipation around potential U.S. Bitcoin exchange-traded funds (ETFs). Bitcoinâs price movements had a ripple effect on the market, driving up its dominance to around 60%âa level not seen in three and a half years. Major altcoins like DOGE and SOL also saw notable price gains, with Dogecoin surging by about 15% mid-week as overall interest in major cryptocurrencies spiked.
Other developments included discussions around regulatory clarity and crypto-backed investment products, both of which continue to attract mainstream attention and investment. However, market sentiment remained cautious, with some volatility as investors awaited regulatory updates from the U.S. Securities and Exchange Commission on ETF approvals.
đCoinshares verilerine gĂśre, dijital varlÄąk yatÄąrÄąm ĂźrĂźnleri geçtiÄimiz hafta 2,2 milyar dolarlÄąk giriĹ yaĹadÄą. YÄąllÄąk giriĹ rekor kÄąrarak 29,2 milyar dolara ulaĹtÄą.
â˘Bitcoin 2,2 milyar dolarlÄąk giriĹ gĂśrĂźrken, Ethereum 9,5 milyon dolarlÄąk giriĹ kaydetti.
According to Coinshares data, digital asset investment products experienced an inflow of $2.2 billion last week. The annual inflow reached a record high of $29.2 billion.
⢠Bitcoin saw an inflow of $2.2 billion, while Ethereum recorded an inflow of $9.5 million.
#Btc #ParrotBambooCrypto $BTC
{spot}(BTCUSDT)
LOKA/USDT Price Analysis: Key Levels and Market Sentiment
$LOKA
{spot}(LOKAUSDT)
{future}(LOKAUSDT)
200 SMMA: The 200-period SMMA is at approximately 0.1798, which is currently above the price, acting as a resistance level. The price is trading below this level, indicating a bearish sentiment unless a breakout occurs above it.VWAP: The VWAP is positioned at around 0.1609, close to the current price of 0.1572. This placement suggests a neutral sentiment, with potential movement depending on volume changes.
2. RSI (Relative Strength Index):The RSI is at 43.49, which is below the neutral level of 50 but not yet in oversold territory. This indicates a weak momentum, leaning toward bearish sentiment, but still has room for further downside or a potential reversal if buying pressure increases.
3. MACD (Moving Average Convergence Divergence):The MACD line is slightly negative and below the signal line, indicating bearish momentum. The histogram also shows negative values, which supports this bearish trend. A positive crossover with the signal line could suggest a shift in sentiment if bullish momentum picks up.
4. Support and Resistance Levels:Immediate Support: Around 0.1572, aligning with the current price level, serving as a key short-term support.Key Resistance: Around 0.1798 (aligned with the 200 SMMA), marking a significant resistance. A breakout above this level could indicate a potential shift toward a bullish trend.
Bullish Scenario: If LOKA/USDT breaks above the 0.1798 resistance, it could aim for the next resistance around 0.1900.Bearish Scenario: Failure to hold above the 0.1572 support level may lead to further declines, with the next support likely around 0.1400.
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.
THE IS WHY THE US ELECTION KEEP ON IMPACTING THE CRYPTO MARKET
The US elections are here, and the markets are on high alert! Historically, elections bring uncertainty, leading to market volatility .
But don't worry, there are patterns to watch out for. Since 1980, US stock indices like the S&P 500 and Nasdaq 100 have posted annual gains during presidential election years, except during major market crises .
Election Year Market Trends:
Stock Market Rally: The S&P 500 tends to gain during election years, with an average return of 7.4% .
US Dollar Shifts: Research shows that Republican presidencies start with a strong dollar, which then depreciates, while Democratic presidencies begin with a weak dollar that appreciates .
Volatility: Elections can cause market fluctuations, creating opportunities for traders .
Key Factors to Watch:
Policy Expectations: Investors react to potential changes in governance, economic policies, and regulations .
Interest Rates: Changes in interest rates can impact market performance .
Geopolitical Events: Global events, like trade wars, can influence market trends .
$SANTOS /USD has just witnessed a stunning 27.15% surge, pushing the price from a low of 3.822 to a sharp peak of 5.020, marking an impressive rally in a short span on the 30-minute chart! This breakout indicates a strong bullish momentum as traders rush to capture gains in this explosive move.
With significant volume backing this upward thrust, traders should closely monitor the resistance at 5.020. If SANTOS holds above 5.0, thereâs potential for further upside, while a pullback could provide a strategic entry point for those looking to ride the momentum. Eyes on this oneâdonât miss the action..
#SANTOSUSDT #OctoberCryptoFundingSurge #USElections2024Countdown #NovCryptoOutlook
Pakistan's central bank is spicing things up with a proposal to legalize digital assets, potentially making cryptocurrencies legal tender. đŞ The State Bank of Pakistan's Monetary Policy Committee is eyeing amendments to allow state banks to issue digital currency, like a digital rupee, and process digital payments. This could open the door for crypto transactions, a big shift from last year's anti-crypto vibes. Meanwhile, a 2.5% interest rate cut and economic optimism hint at a brighter future for Pakistan's crypto scene, assuming these proposals get the green light!
**Pakistan Eyes Legalizing Digital Assets**
The State Bank of Pakistan (SBP) is considering a groundbreaking move to legalize digital assets, including cryptocurrencies, as legal tender. On Nov. 4, the Monetary Policy Committee (MPC), led by SBP governor Jameel Ahmad, proposed amendments to allow state banks to issue digital currency. These changes could pave the way for a central bank digital currency (CBDC) and enable blockchain-based transactions.
In a shift from previous anti-crypto sentiments, the MPC also announced a 2.5% interest rate cut, citing economic improvements. This could signal a positive outlook for Pakistan's digital assets market if the proposals are approved.
XVG Price Action: Examining Current Trends and Momentum
$XVG
{future}(XVGUSDT)
{spot}(XVGUSDT)
200 SMMA: The 200-period SMMA is at 0.003659, currently above the price, acting as a resistance level. The price is trading below this level, indicating a bearish sentiment unless a breakout occurs above it.VWAP: The VWAP is positioned at 0.003318, close to the current price of 0.003249, suggesting a neutral sentiment with potential for movement depending on volume changes.
2. RSI (Relative Strength Index):The RSI is at 38.74, nearing oversold territory, which could indicate potential for a reversal if buying pressure increases. However, the sentiment remains bearish as long as it stays below 50.
3. MACD (Moving Average Convergence Divergence):The MACD line is slightly negative at -0.000012, below the signal line, indicating bearish momentum. The histogram also shows negative values, supporting this trend. A positive crossover with the signal line could suggest a shift in sentiment if bullish momentum increases.
4. Support and Resistance Levels:
Immediate Support: Around 0.003249, aligning with the current price level, which serves as a key short-term support.Key Resistance: Around 0.003659 (aligned with the 200 SMMA), marking a significant resistance. A breakout above this level could indicate a potential shift toward a bullish trend.
Bullish Scenario: If XVG/USDT breaks above the 0.003659 resistance, it could aim for the next resistance around 0.0038.Bearish Scenario: Failure to hold above the 0.003249 support level may lead to further declines, with the next support likely around 0.0031.
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.
đ¨ BRICS Expands Global Reach: 13 Nations Granted Partner Status! đ¨
đ BRICS is making waves in the global economy! In a strategic move, 13 countries have been welcomed as "partner" nations, reinforcing BRICS' mission to expand its influence, strengthen currency networks, and reduce reliance on the U.S. dollar. Hereâs the full scoop:
đš BRICS Welcomes New Partners:
Indian Foreign Ministry spokesperson, Randhir Jaiswal, confirmed that 13 nations received partner status after the BRICS summit in Kazan.
Partner status differs from full membership but signals these nations' commitment to future BRICS initiatives.
đš The Expanded BRICS Family:
As of Jan. 1, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE joined as full BRICS members, making it a 10-member bloc alongside Brazil, Russia, India, China, and South Africa.
Newly designated partner nations include:
Algeria, Belarus, Bolivia, Cuba, Indonesia, Kazakhstan, Malaysia, Nigeria, Thailand, Turkey, Uganda, Uzbekistan, and Vietnam.
đš Key Outcomes from the Kazan Summit:
1. đ Kazan Declaration: Adopted at the summit, highlighting BRICS' ambition to foster a more multipolar world.
2. đą New Payment Network: Leaders committed to developing a payment network for local currencies, reducing dependency on the USD.
3. đ¤ Investment Platform Proposal:
Russian President Vladimir Putin proposed an economic platform to boost investment among BRICS nations and the Global South/East.
Focus on funding infrastructure and technology projects to promote secure, independent financial pathways.
đš The Future of BRICS
BRICS is set to lead global financial collaboration by enhancing trade in domestic currencies and supporting low-cost, rapid payment systems. As emerging economies grow stronger, this alliance positions BRICS as a driver for sustainable economic development worldwide.
đŹ What are your thoughts on this expanded BRICS alliance? Could this be a game-changer for global finance?
#USElections2024Countdown #TetherAEDLaunch #BTCMiningRevenue
BITCOIN MARKET POISED FOR STRONG RECOVERY
The Bitcoin market is looking poised for a strong recovery, with several indicators suggesting a bullish trend. Historically, the fourth quarter has been a strong period for Bitcoin, with an average return of 23.3% š. This, combined with the recent breaking of significant resistance levels, could potentially set the stage for parabolic growth .
Key Factors Contributing to the Recovery:
Institutional Accumulation: U.S. Bitcoin ETFs purchased 17,941 Bitcoins in September, exceeding the number of new Bitcoins mined during the same period, indicating significant institutional demand .
Mining Profitability Recovery: Mining profitability has rebounded, with hash price reaching a two-month high, signaling a strengthening of Bitcoin's underlying fundamentals .
Derivatives Market Momentum: The derivatives market shows renewed momentum, with rising open interest and reduced leverage across major exchanges .
Additionally, experts predict that macroeconomic factors, such as potential Federal Reserve rate cuts and liquidity injections from the People's Bank of China, could act as catalysts for Bitcoin's continued growth .