technical analysis for the $1MBABYDOGE /USDT pair, with potential trade signals, target levels, and momentum.
The current price of 1MBABYDOGE is $0.0065086, with a 24h price increase of 19%. The price shows bullish momentum in the short term, as indicated by the strong upward movement from the 24h low of $0.0050086.
Key Levels:
Support: $0.0050
Resistance: $0.0067
Trade Momentum:
Short-term: Bullish, due to the positive price movement and an upward trend in the last 24 hours.
Medium-term: Neutral to bullish, considering the consistent price movement and volume.
Long-term: Depends on the continued strength of bullish volume; look for breakouts above resistance levels.
Trade Signals:
1. Bullish Signal:
Entry: Buy near $0.0064 (if it dips slightly).
Reason: Price is consolidating and may resume upward movement from here.
Target Levels:
Target 1: $0.0068 (resistance level)
Target 2: $0.0072 (breakout above resistance)
Target 3: $0.0075 (next resistance level)
Stop Loss: $0.0058 (below 24h low, protecting from larger losses)
2. Consolidation or Pullback Signal:
Entry: Wait for a pullback to $0.0060 or $0.0058.
Reason: If the price pulls back, it could provide a better entry before continuing upwards.
Target Levels:
Target 1: $0.0068
Target 2: $0.0070
Target 3: $0.0073
Stop Loss: $0.0055 (below the last swing low)
3. Bearish Reversal Signal (if price drops below support):
Entry: Wait for a break below $0.0055 for a short opportunity.
Reason: If the price falls below the support level and shows signs of further downward pressure.
Target Levels:
Target 1: $0.0050 (support level)
Target 2: $0.0048 (next support level)
Stop Loss: $0.0062 (above the last resistance point)
Momentum Indicators:
RSI (Relative Strength Index): Watch for RSI above 70 (overbought) or below 30 (oversold). Currently, if RSI is nearing 70, caution is advised for any short-term pullbacks.
MACD (Moving Average Convergence Divergence): If the MACD line is above the signal line and both are rising, this indicates strong bullish momentum.
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About Theta Network Theta Network is a decentralized software and digital network that seeks to incentivize a global computer network to operate as a video streaming platform whose participants own their own unique data. The Theta Network was developed and launched in 2017 and is somewhat of a modern content distribution network (CDN). CDNs are location-dependent operating systems that manage the content distribution for games and other digital platforms. According to Theta Network, the CDN model which consists of geographically positioned networks of operators, has limitations in keeping up with increasingly high-quality streams. Theta Network hopes to facilitate video streaming on its own decentralized network, different from the way the heavily-leveraged service has been managed largely until decentralization became more heavily adopted and implemented across industry lines. Due to the nature of the decentralized space, as more users join the Theta Network blockchain ecosystem, the more bandwidth becomes available to users of the platform. This is because Theta Network incentivizes and rewards users who assist in the video delivery process by dedicating spare bandwidth and resources used to carry it out. #Theta $THETA
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dreaming with open eyes after knowing everything then it's happening with anyone so
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LUNA Crashes to $0 in 1 Day | A Lasting Reminder of Crypto Risks
$40 billion in losses
𝐁𝐨𝐨𝐤𝐦𝐚𝐫𝐤 or share it so you can easily come back to it later.
Also, don't forget to follow me @Crypto PM
The Terra network, founded by Do Kwon and Daniel Shin, initially aimed to revolutionize payments with its blockchain and stablecoin ecosystem.
By 2022, Terra's tokens LUNA and UST had become household names in crypto, drawing significant investor interest.
TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.
Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.
The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.
This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.
In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.
This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.
The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.
The collapse wiped out approximately $60 billion from the crypto market.
Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.
TerraUSD (UST) was an algorithmic stablecoin designed to maintain a $1 peg, backed by LUNA tokens.
Unlike traditional stablecoins, UST relied on complex algorithms and market incentives rather than tangible assets.
1:00The system's backbone was the Anchor Protocol, which promised up to 20% annual yield on UST deposits.
This high yield attracted vast amounts of UST, making up 75% of its total supply, but also raised sustainability concerns.
In early May 2022, over $2 billion worth of UST was unstaked and rapidly liquidated.
This massive sell-off caused UST to lose its peg, dropping to $0.91, triggering a wave of panic selling and further destabilization.
The depegging led to an oversupply of LUNA as traders converted their devalued UST, causing LUNA's price to plummet.
Major crypto exchanges delisted LUNA and UST, and the Terra blockchain was temporarily halted.
1:56The collapse wiped out approximately $60 billion from the crypto market.
Prominent firms like Voyager, Celsius, and Three Arrows Capital faced severe repercussions, leading to bankruptcies and forced liquidations.
In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.
Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.
In the aftermath, Terra's Luna Foundation Guard deployed billions in Bitcoin reserves in an attempt to stabilize UST, but the effort failed.
Do Kwon's recovery plans, including launching Terra 2.0, did little to restore confidence.
Do Kwon frequently misled people about the stability of Terra's tokens.
Before the crash, he even accepted a $1M bet that Luna wouldn't fall and wagered that UST would not lose its peg to the dollar.
On September 15, 2022, South Korean authorities issued an arrest warrant for Do Kwon, accusing him of fraud and illegal fundraising.
Kwon allegedly transferred 40,000 BTC to secret wallets, further tarnishing his reputation.
In March 2023, Do Kwon was arrested in Montenegro while attempting to board a flight to Dubai with falsified documents. He was sentenced to four months in prison for document forgery.
South Korea and the United States are seeking his extradition to face charges.
The LUNA-UST crash serves as a critical lesson in the risks associated with algorithmic stablecoins and high-yield promises.
It underscores the importance of transparency, proper risk management, and regulatory oversight in the crypto industry
Thank you for your attention! THAT'S IT FOR TODAY. ALWAYS REMEMBER, ANYTHING CAN HAPPEN IN CRYPTO..
प्रमुख क्रिप्टोकरेंसी घोटाले जिन पर नजर रखनी होगी क्रिप्टोकरेंसी बाजार, उच्च रिटर्न की संभावना के बावजूद, कई घोटालों से भी ग्रस्त रहा है। जालसाज निवेशकों को धोखा देने के लिए लगातार नए-नए तरीके ईजाद करते रहते हैं। यहां क्रिप्टो दुनिया में सबसे महत्वपूर्ण घोटाले हैं: एफटीएक्स: नवंबर 2022 में ग्राहक निधि में अरबों की हेराफेरी के बाद एक्सचेंज ढह गया। संस्थापक सैम बैंकमैन-फ्राइड को धोखाधड़ी के लिए 25 साल की सजा सुनाई गई थी। लूना और टेरायूएसडी: इन क्रिप्टोकरेंसी को मई 2022 में $60 बिलियन का विनाशकारी
Bitcoin ATM scams have been increasing lately, prompting the Attorney General of North Carolina to issue a warning along with some tips to help people stay safe and avoid falling victim. It's essential to be aware and take precautions to protect oneself from financial harm.
$ARB #LDO/USDT📈 it's time to secure your future if you want, then fill your portfolio with some ARB, TWT, and, LDO. it's not rocket science it's simple to understand after watching Graf movements. just invested as you wish and sit back.🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣👍👍👍👍👍👍
$ARB #LDO/USDT📈 it's time to secure your future if you want, then fill your portfolio with some ARB, TWT, and, LDO. it's not rocket science it's simple to understand after watching Graf movements. just invested as you wish and sit back.🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣🫣👍👍👍👍👍👍