$ASR /USDT
In trading, understanding key price levels like support and resistance is crucial. Support refers to a price level where an asset tends to stop falling, as demand increases, creating a "floor." Traders often buy at this level, expecting the price to rise. On the other hand, resistance is a price level where an asset tends to stop rising due to increased selling pressure, forming a "ceiling." Traders may sell here, anticipating a price drop.
Spotting support and resistance helps traders make informed decisions. For instance, if a stock falls to a known support level but doesn't break below it, traders may view this as an opportunity to buy. Conversely, when a stock approaches a resistance level, traders may consider selling or avoiding purchases, expecting a reversal.
The more times an asset touches a support or resistance level without breaking it, the stronger these levels become. However, once a level is broken, its role often reverses, with previous support becoming new resistance, and vice versa.
Understanding these levels helps traders better predict market movements and manage risks more effectively in their trading strategies.
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These three altcoins see sudden attention from whales, what to expect altcoins binance? #altsesaon
âą Altcoins Injective, Render and Polygon observe whale transfers to cold wallets, resulting in price anomalies.Â
$BTC
âą Santiment analysts consider price anomalies as reliable short-and long-term signals.Â
âą INJ, RNDR and POL note slight gains on Tuesday.Â
Altcoins like Injective (INJ), Render (RNDR) and Polygon (POL) are among several assets that observed changes in whale entity behavior. Data from the crypto intelligence tracker shows that large wallet investors moved their altcoin holdings to cold wallets, likely a signal of upcoming shift in asset prices.Â
Whales move their altcoin holdings off exchanges. #ExchangeNews
$SOL
Santiment data show that among altcoins that noted shifts in whale activities, Injective, Render and Polygon were moved to cold wallets. Large wallet investors moving their holdings to cold wallets meansoffline storage or off exchange platforms. This reduces the selling pressure on the asset as it contributes to drop in the supply held on exchanges.Â
The whale activities contributed to price anomalies, and analysts at Santiment believe these serve as short- and long-term signals for the assets. #AssetAllocation
In the case of INJ, whales transferred a majority of their holdings off exchanges, and to cold wallets in August 2023, since then they have gradually moved more.Â
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Polygon transitioned from MATIC to POL and a major move by whales was observed on September 9, 2024. RNDR whales moved their coins to cold wallets on July 21, 2024 and their holdings on exchange platforms are relatively flat since then.Â
INJ, RNDR and POL jumped nearly 2% on Tuesday. The three altcoins could extend their gains if the selling pressure on these assets reduces and demand stays the same. Whale activity is typically considered a precursor of price change.Â
Digital asset investment products saw a $436m inflow this week, led by Bitcoin, while Ethereum struggled with continued outflows.
â«Bitcoin led with $436m inflows, reversing a prior 10-day outflow
â«Ethereum saw $19m in outflows, continuing its recent struggles
â«U.S. inflows totaled $416m, with Europe also seeing strong inflows
â«Blockchain equities gained $105m due to new ETF launches
đ BTC at a Crossroad: Up or Down? đ€đđ
Hey, crypto community! đ Letâs take a quick look at the BTC chart today and see if we can predict where the price is headed. Weâre checking out a 4-hour chart from Binance, and there are some important signals worth discussing.
First, letâs look at the moving averages (MA), which help us spot the trend. The chart shows MAs for 7, 25, and 99 periods:
- MA 7 (58378.43) â This short-term MA is below the price (59189.98), hinting at a possible upward move. đč
- MA 25 (59338.67) â Slightly above the current price, this adds some uncertainty, with BTC sitting between MA 7 and MA 25.
- MA 99 (57402.58) â The long-term MA is below the price, giving support to a bullish outlook as long as BTC stays above it. đ
The MACD (Moving Average Convergence Divergence) is showing some potential, with the histogram starting to turn green, hinting at a possible uptrend. However, the MACD lines are still below the zero line, so we donât have full confirmation yet. Keep an eye on this for the next few candles!
Trading volume has increased slightly, which may mean the market is preparing for a bigger move. If volume keeps rising, it could confirm the direction of the next breakout.
Here are two possible scenarios:
1. Bullish Scenario: If BTC breaks above the MA 25 and the MACD crosses into the positive zone, we could see a move toward the 60000 mark. đ
2. Bearish Scenario: If BTC fails to break MA 25, a pullback to MA 99 around 57400 could happen, with further declines possible. đ
Key levels to watch: support at 57400 and resistance at 60000.
Now it's your turn to decide! đłïž Vote and share where you think BTC is headedâwill it rise or fall? Let me know your thoughts in the comments! đŹ
Got any tips or see a clear signal? Iâd love to hear them! Donât forget to follow me for more analysis and updates!
#BTC #Bitcoin #Binance #CryptoTrading
đą **Crypto Users, Assemble! Support the NFT Act!**
- The Digital Chamber is rallying US crypto enthusiasts to back the newly proposed NFT Act. This bill aims to classify certain NFTs as consumer products, exempting them from federal securities laws. đš
- US Rep. William Timmons introduced the Act, covering NFTs like art, music, and virtual assets, but not those marketed as investments.
- The Act also mandates a study on NFTs for better understanding and regulation.
- This push comes as the SEC tightens its grip on the NFT market, recently fining Flyfish Club $750,000.
- Voice your support to ensure innovation and protection in the blockchain space!
đą **Breaking News: NFT Act to the Rescue! đ**
Hey crypto enthusiasts! The Digital Chamber is rallying US crypto users to support the newly introduced NFT Act. This bill aims to classify certain NFTs as consumer products, exempting them from federal securities laws. đš
- **What's Covered?**
- Art, music, literature, virtual land, and game assets.
- Rewards, rights, licenses, and tickets.
But remember, NFTs marketed as investments won't get a free pass!
Join the convo: Should NFTs be treated like collectibles? Drop your thoughts below! đ
#NFTAct #CryptoNews #Blockchain
Bitcoin Market Analysis: Q4 Outlook
Bitcoin exchange reserves, measured in fiat terms, have remained stable at levels comparable to April 2022, suggesting minimal impact on price volatility. This stability in reserves indicates a balanced supply-demand dynamic in the market.
The Stablecoin Supply Ratio (SSR) index has reached its lowest point this year, primarily influenced by a sluggish altcoin market and low volatility, rather than Bitcoin-specific factors. This suggests a cautious sentiment among investors, potentially limiting immediate price movements.
Retail investors have shown increased aggression in leveraging positions during technical rebounds from price lows, as indicated by the Estimated Leverage Ratio across exchanges. This behavior underscores a heightened risk appetite, which could amplify market volatility in the short term.
From a mid- to short-term investment perspective, the average purchase price for holders with less than six months of holding time ranges between 57,816 and 66,976 USDT. This indicates that these investors are positioned at relatively high price levels, making them sensitive to market fluctuations.
As we move into Q4, the critical focus will be on whether Bitcoin can sustain the 49,000 to 53,000 USDT price range and generate new momentum. The market's direction will likely be influenced by a combination of aggressive high-leverage investments and broader macroeconomic factors.
Free Gas #MBX #MARBLEX
For most bridge services, a gas fee is charged to use the service. The user must additionally provide a monthly gas fee for service use. In Warp, the service operator pays the user's gas fee. Users can use the service without the burden and hassle of purchasing gas.
Multichain expansion will improve the overall accessibility of the MBX ecosystem, while enhancing the security, stability, and connectivity of services. This will enable the longevity of a user-centric blockchain ecosystem.
Bitcoin Market Analysis: Stability Amidst Aggressive Retail Investment
Bitcoin exchange reserves, measured in USD, have remained stable since April 2022, suggesting minimal impact on price volatility. This stability is further reflected in the Stablecoin Supply Ratio (SSR), which is at its lowest point this year, driven by a sluggish altcoin market and low volatility rather than Bitcoin itself.
Despite the market's struggle to break out of a large trading range, retail investors have shown increased aggression during technical rebounds from price lows. The average purchase price for holders with less than six months of holding time ranges between 57,816 and 66,976 USDT, indicating investments at relatively high levels.
As we move into Q4, the critical factor will be whether Bitcoin can maintain the 49,000 to 53,000 USDT price range and build new momentum. The market remains optimistic, with the potential for stability and growth driven by macroeconomic factors and high-leverage investments.
**Digital Chamber Pushes for NFT Act Amid SEC Scrutiny**
The Digital Chamber, a blockchain advocacy group, is rallying US crypto users to back a new bill that could redefine how non-fungible tokens (NFTs) are regulated. The proposed NFT Act, introduced by Rep. William Timmons, aims to classify certain NFTs as consumer products, exempting them from federal securities laws.
**Key Points:**
- The bill would protect NFTs primarily used as art, music, literature, or other intellectual property.
- It excludes NFTs marketed as investment products.
- The Act also mandates a study on NFTs by the US Comptroller General.
**Why It Matters:**
The push comes as the SEC intensifies its crackdown on NFTs, recently targeting OpenSea and fining Flyfish Club. Digital Chamber argues that the Act will foster innovation and consumer protection without stifling the industry with "misapplied" regulations. They urge Americans to contact their representatives to support the bill.
SHIB Burn Rate Surges 3000%, Can Shiba Inu Coin Reach $0.001?
The renowned dog-themed meme cryptocurrency Shiba Inu once again garnered optimism with a substantial surge in SHIB burn on Tuesday. Burn data streamlined by the community's tracker revealed a whopping 3300% uptick as millions of coins were taken out of the total supply in the past 24 hours. This colossal surge in the burn rate has sparked optimism over Shiba Inu coin's potential to reach $0.001 ahead.
SHIB Burn Boosts Up Over 3000% Anchoring Optimism Amid Advancements.
According to the data revealed by
Shibburn on X dated September 17, the
SHIB burn rate soared 3348% in the
past 24 hours. This surge comes against
the backdrop of 7.8 million coins
destroyed. Meanwhile, weekly data
illustrated 39.37 million SHIB burnt
over the past seven days. Altogether,
recent burn data sparked optimism,
aligning with the law of supply and
demand, as millions of coins were
killed from the total supply.
At press time, the Shiba Inu coin's total supply was evaluated as 589.27 trillion coins. Besides, Lucie, a prominent member of the meme token's community, previously spotlighted crucial aspects of SHIB burn and added to intrigue surrounding the token.
Shiba Inu Coin Market Performance Today.
At the time of reporting, SHIB price illustrated a marginal 0.4% drop in value over the past day, resting at $0.00001329. The coin's 24-hour low and peak were recorded as $0.00001302 and $0.00001345, respectively. Weekly and monthly charts underscore a period of sideways trading for SHIB, down 1.5% and 0.54%, respectively. Current stats show that the Shiba Inu coin awaits a bullish or bearish takeover.
Besides, Coinglass data showcased a roughly 1% jump in the coin's futures OI within the past 24 hours, resting at $24.30 million. Overall, recent price movements and market data have raised uncertain market sentiments on the asset's short-term prospects. Also, the broader crypto market currently faces turbulence ahead of the FOMC, impacting tokens' prices.
$BTC $BNB $ETH LATEST ANALYSIS ACCORDING TO EMA
BTC (Bitcoin): Bitcoin is showing signs of a potential move higher as it broke above the rising channel pattern. If Bitcoin sustains this breakout, it could target $40,000 and beyond. However, if it falls back into the channel, the price may drop to the 20-day exponential moving average (EMA) around $34,240. A break below this level could signal a bearish shift in the short term.
ETH (Ethereum): Ethereum recently surged above the $2,000 resistance, indicating strong bullish momentum. If it surpasses $2,200, it could rally further towards $2,950. However, analysts have also outlined critical support levels between $2,290 and $2,360, which are important for Ethereum to hold to avoid a potential sell-off towards $1,800. There is also speculation of a larger bullish move in the longer term, with some analysts predicting a potential rally to $4,723.5 and even $8,100 if certain market conditions are met.
BNB (Binance Coin): BNB experienced a dip but quickly rebounded, indicating buying interest at lower levels. If the price can break above the overhead resistance at $265, it may rally towards $285 and possibly $310. However, failure to sustain the current support levels could push the price back to the 20-day EMA around $235, and below that, to the 50-day simple moving average (SMA) at $220.
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đWall Street Expert Predicts 7,500% Gains for an Altcoin Set to Outshine Solana & Cardano!đ
đź The crypto market is on the brink of an explosive bull run, and the altcoin season is about to kick off with a bang! With prices still low and primed for takeoff, savvy investors are gearing up for massive gains. đ
đ„ One Wall Street expert forecasts an incredible 7,500% rise for a specific altcoin, positioning it to surpass even major players like Solana and Cardano. Curious which altcoin holds this massive potential? Hereâs a breakdown of the top contenders:
đPolkadot (DOT): Bridging Blockchain Worlds
- Interoperability between Ethereum, Bitcoin, and other blockchains.
- Parachain tech boosts speed and scalability, outpacing Ethereum and Bitcoin.
- Governance & staking make DOT vital for long-term blockchain connectivity.
đž PEPE: The Memecoin Icon
- Inspired by the iconic Pepe the Frog, echoing the success of Shiba Inu and Dogecoin.
- Deflationary model with burn mechanisms and no transaction taxes.
- Aiming for new heights as crypto enthusiasts watch closely.
đâđŠșDOGEN: The Alpha Memecoin for Market Dominance
- Tailored for alpha males who crave the finer things in lifeâluxury cars, wealth, and success.
- 700% surge expected before its presale ends, with potential for 1,000x returns!
- Positioned alongside memecoin stars like BONK and Popcat, ready to break records.
đ„ Missed the rise of WIF, Popcat, or Ponke? Donât sleep on DOGEN!đ„
⥠DOGEN is not just a tokenâitâs a movement, creating a community of leaders with exclusive perks for early adopters. Donât settle for lessâHODL DOGEN and lead the pack in this altcoin season.
đ The time to jump in is NOW! Early investors are ready to make waves. Could you be the next big winner? đ
đ Join the conversation on Binance and discover the coins set to dominate this bull run! #AltcoinSeason #BinanceLaunchpoolHMSTR #DOGSONBINANCE
đąHow to Cancel an Auto-Investment Plan on Binance
If you wish to cancel your auto-investment plan on Binance, follow these instructions based on the platform you're using:
đWeb Version:
1. Log in to your Binance account through the web.
2. Navigate to either the Dashboard or Account section, then select Recurring Buys or Auto-Invest.
3. Locate the auto-investment plan you want to cancel and click on the three dots beside it.
4. From the dropdown menu, choose Cancel or Stop.
5. Confirm your decision to cancel the plan.
đMobile App:1. Open the Binance app and go to the Account or Dashboard section.2. Tap on Recurring Buys or Auto-Invest.3. Find the plan you wish to cancel and swipe left on it.4. Select Cancel or Stop to finalize the cancellation.
đAPI Users:1. If you have created an auto-investment plan using Binance API, you can cancel it by sending a **DELETE** request to the `/api/v3/auto-invest` endpoint.2. Ensure to include the `planId` parameter, which corresponds to the ID of the plan you intend to cancel.
đAdditional Notes:Canceling the plan will stop any future investments, but it will not affect those that have already been executed.If you encounter any issues, consider reaching out to Binance support for further assistance. Always double-check the plan details before canceling to avoid any accidental changes.
$BTC
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#BinanceLaunchpoolHMSTR $BNB
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