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BeyOglu - The Analyst
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Crypto market maintains recovery following Fed decision to leave rates unchanged
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🚀 Big news for DeFi on Hedera! $USDC on Hedera $HBAR has officially launched on Binance, opening the door for a new wave of growth and innovation in the decentralized finance space 🌐💰 Now you can send Hedera USDC from Binance and take advantage of incredible yield opportunities: 🔹 Earn up to 17% APR on Bonzo Finance (Lending & Borrowing) 🔹 Earn up to 20% APR on SaucerSwap DEX With Hedera’s fast, low-cost transactions and MEV resistance, it’s the perfect time to start earning and exploring the future of finance 🚀 Tagging @HBAR Foundation n and @Hedera – Let’s make this moment go viral and grow the DeFi ecosystem together! 🌊 👇 Comment below and share your thoughts – Help spread the word! 👇 #beyoglu
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The $RAY token is up over 8% to around $1.84. Raydium, the decentralized exchange at the center of the Solana ecosystem, plans to spin out a rival memecoin launch-pad to compete with Pump.fun. The move comes about a month after Pump.fun was found to be testing a custom-built automated market maker possibly to replace Raydium. Over 35% of Raydium’s revenue comes from Pump.fun, the platform for creating tokens that surged to popularity after launching in early 2024. Core contributor InfraRAY said shortly after Pump.fun’s AMM code leaked that it would be a "strategic miscalculation" to swap out Raydium. #beyoglu
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Dogecoin At Make-Or-Break Point After Multi-Year Trendline Test
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#Ethereum Price Forecast: ETH extends range-bound move Ethereum saw $30.21 million in futures liquidations in the past 24 hours, per Coinglass data. The total amount of long and short liquidations accounted for $15.77 million and $14.25 million, respectively. The top altcoin extended its consolidation into the second week as it failed to recover the $2,000 psychological level and secure a move above a key descending trendline resistance. If the consolidation persists, ETH could suffer a breakdown below $1,750 to test the critical support level at $1,500. On the upside, ETH needs to overcome the descending trendline resistance and hold it as a support to flip the bearish trend. The Relative Strength Index (RSI) and Stochastic Oscillators (Stoch) are below their neutral levels, indicating dominant bearish momentum. A daily candlestick close above $2,200 will invalidate the bearish thesis and potentially send $ETH toward $2,800.
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