The recent selloff has caused extensive damage, and it's unr | CryptoProInsight en Binance Square

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The recent selloff has caused extensive damage, and it's unrealistic to anticipate a swift recovery.
#MarketDownturn 

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FTM is looking solid right now at $0.5252, but the thing is, it’s going to move based on what BTC does. BTC is struggling around $58,100, and if it drops below $57,493, we could see FTM lose steam and head towards $0.508 or lower. On the flip side, if BTC breaks through resistance and pumps above $58,400, FTM is likely to ride that momentum and push past $0.5343 toward $0.54 or higher. Plus, there are **strong buy orders** coming in for FTM, which adds more fuel to the potential pump, especially if BTC stays stable or goes up. So basically, keep an eye on BTC—if it stays strong, FTM will follow and could pump hard, but if BTC dips, expect FTM to pull back too. #NeiroOnBinance #ftmpump #Write2Earn!

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Looking at ETH/USDT, it’s currently trading at $2,303.60, down 4.36% for the day. The price has been trending down, and it’s close to the 24h low of $2,252, which is a key support level to watch. On the 1-hour chart, ETH is still below the EMAs (7, 10, 14), which are clustered around $2,302 to $2,309. This means ETH is facing resistance in that range, and it hasn’t been able to break through convincingly. Price action is leaning bearish for the moment. From the pivot points and standard deviations: - Resistance is first seen at $2,454, with additional resistance at $2,470 and $2,485, meaning if ETH bounces, it’ll have to push through multiple resistance levels. - On the support side, we’re looking at the first support at $2,364, but with ETH already below that, next levels to watch are $2,340 and $2,306, which are close to where the price is hovering now. The order book shows about 75% buy-side volume, indicating some buying interest around these levels, but overall momentum still looks bearish given the wider trend. Summary: - ETH is struggling to break through short-term EMAs and faces resistance between $2,302 and $2,309. - If it breaks below $2,252, we could see ETH head toward $2,230 and potentially lower. - However, if it manages to reclaim $2,310, it might make a push toward $2,340 and $2,360, but expect heavy resistance as it climbs. Keep a close eye on the $2,252 support zone—if it breaks, there’s likely more downside ahead.#NeiroOnBinance #BinanceLaunchpoolHMSTR #ETH🔥🔥🔥🔥 #Write2Earn!

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Looking at BTC right now, it's sitting at $58,209, down 3.22% for the day. The price is dipping, and it’s pretty close to the 24h low of $58,021, which could be a critical support level. On the 30-minute chart, BTC is trending below all the EMAs (7, 10, 14), and those are currently acting as resistance, with the EMAs around the $58,500 to $58,600 range. The price is clearly struggling to break above that zone, and it’s heading towards deeper support levels. From the pivot points and standard deviations, you can see: - Key resistance sits around $60,651 and higher, at $61,206 and $61,503, which means if BTC rebounds, it will have a tough climb breaking through those levels. - On the downside, we’ve got support at $58,412, which BTC just fell through. Next up is $58,189, and if that breaks, the next solid support sits around $56,938. Volume in the order book looks tilted toward buyers right now with about 63% buy-side activity, which might slow the drop, but the momentum is clearly bearish right now. Overall, it looks like BTC might continue testing lower levels unless we see a strong bounce or some bullish news. I'd keep an eye on the $58,000 support line closely. If it breaks, we could be looking at the mid-$57,000s next. #NeiroOnBinance #BinanceLaunchpoolHMSTR #btcdumping #Write2Earn!

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BREAKING NEWS: Binance founder CZ is scheduled for release on September 29, according to the Federal Bureau of Prisons website. I’m hopeful that on that day, CZ will surprise the crypto community with some impactful tweets, creating excitement and shaking things up. #CZBİNANCE #BinanceTurns7

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It looks like the market is seeing a bit of red across the board today. Let’s take a look at the big names: - BNB is sitting at $548.5, down by 1.40%. - BTC is at $58,739.99, down by 2.11%. - ETH dropped even further, down 4.09% to $2,310.23. - SOL is at $132.12, down 2.39%, which isn't a huge surprise given the broader market downtrend. - Meme coins like DOGS and PEPE are getting hit hard, with DOGS down 9.17% and PEPE down 5.36%. This broader market dip seems tied to larger macroeconomic factors, particularly the upcoming US Federal Reserve rate cut decision on September 18. Traders are anticipating this closely, as a rate cut could have a big impact on risk assets like crypto. If the Fed does decide to cut interest rates, we might see more liquidity flowing into the markets. Lower interest rates generally make borrowing cheaper, which can lead to increased investment in riskier assets like cryptocurrencies. That could drive a rebound in prices for BTC, ETH, and others, especially after this current pullback. However, the markets are cautious right now. Traders are mostly sitting on the sidelines until there's more clarity from the Fed. If you're looking to make a move, it might be worth watching how prices react to the Fed's announcement on September 18. A rate cut could trigger a short-term rally, particularly for major coins like BTC and ETH, but volatility is expected either way. #NeiroOnBinance #macroeconomy #Write2Earn! #TelegramCEO

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