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Shiba Inu’s Burn Rate Soars 209%: Analysts Predict 50% Price Surge
Nov 21, 2024
6thTrade
Shiba Inu (SHIB) is gaining bullish momentum as traders anticipate a potential breakout, fueled by Bitcoin's new all-time high and key on-chain developments.
Burn Rate Soars by 209%
Over the past 24 hours, Shiba Inu’s burn rate surged by 209%, with 11.6 million SHIB removed from circulation, according to Shibburn data. This significant reduction in supply aligns with growing market enthusiasm and sets the stage for a potential price rally.
Bull Flag Pattern Suggests 50%
6thTrade
Shiba Inu (SHIB) is gaining bullish momentum as traders anticipate a potential breakout, fueled by Bitcoin's new all-time high and key on-chain developments.
Burn Rate Soars by 209%
Over the past 24 hours, Shiba Inu’s burn rate surged by 209%, with 11.6 million SHIB removed from circulation, according to Shibburn data. This significant reduction in supply aligns with growing market enthusiasm and sets the stage for a potential price rally.
Bull Flag Pattern Suggests 50%
Whale Invests $3.4M in BONK, Driving Bullish Momentum and Market Excitement
Nov 21, 2024
6thTrade
A significant whale purchase has propelled BONK, a meme token on the Solana blockchain, into the spotlight. The whale spent 3.4 million USDC to acquire a staggering 65.4 billion BONK, signaling strong confidence in the token’s future. This investment aligns with BONK’s growing influence in the Solana ecosystem, where it has driven an 11.34% surge in activity, outperforming several major tokens.
Bullish Indicators for BONK’s Price Action
BONK is currently trading at $0.00
6thTrade
A significant whale purchase has propelled BONK, a meme token on the Solana blockchain, into the spotlight. The whale spent 3.4 million USDC to acquire a staggering 65.4 billion BONK, signaling strong confidence in the token’s future. This investment aligns with BONK’s growing influence in the Solana ecosystem, where it has driven an 11.34% surge in activity, outperforming several major tokens.
Bullish Indicators for BONK’s Price Action
BONK is currently trading at $0.00
XRP Payment Volume Drops Over Two Million Amidst Market Uncertainty
Nov 21, 2024
6thTrade
The volume of XRP payments between accounts has seen a sharp decline in the past four days, losing over two million transactions. This downturn follows a period of heightened activity on the XRP Ledger, raising concerns about the sustainability of the recent price surge and robust on-chain performance.
Earlier this month, XRP experienced a remarkable price increase, accompanied by a significant uptick in active accounts, completed transactions, and XRP burned through tra
6thTrade
The volume of XRP payments between accounts has seen a sharp decline in the past four days, losing over two million transactions. This downturn follows a period of heightened activity on the XRP Ledger, raising concerns about the sustainability of the recent price surge and robust on-chain performance.
Earlier this month, XRP experienced a remarkable price increase, accompanied by a significant uptick in active accounts, completed transactions, and XRP burned through tra
Why Mara’s $1 Billion Bet on Bitcoin Could Reshape the Crypto Market
Nov 21, 2024
6thTrade
Mara Holdings, a cryptocurrency mining and blockchain technology firm, has successfully raised $1 billion through the issuance of zero-coupon convertible senior notes set to mature on March 1, 2030. The company plans to allocate the majority of these funds to acquire Bitcoin (BTC), signaling its long-term confidence in the cryptocurrency's value and potential.
Details of the Issuance
The notes, issued to institutional investors under Rule 144A of the Securities Act of 19
6thTrade
Mara Holdings, a cryptocurrency mining and blockchain technology firm, has successfully raised $1 billion through the issuance of zero-coupon convertible senior notes set to mature on March 1, 2030. The company plans to allocate the majority of these funds to acquire Bitcoin (BTC), signaling its long-term confidence in the cryptocurrency's value and potential.
Details of the Issuance
The notes, issued to institutional investors under Rule 144A of the Securities Act of 19
Sui Network Faces Major Outage, Raising Questions About Its "Solana Killer" Status
Nov 21, 2024
6thTrade
The Sui Network, often referred to as the "Solana (SOL) killer," experienced a significant disruption on November 21, with block production halting for over an hour. This outage, caused by a bug in the network’s transaction scheduling logic, marked a challenging moment for Sui, especially as it vies for a top spot in the competitive blockchain space.
What Caused the Outage?
Sui confirmed the incident in a post on X (formerly Twitter), attributing the downtime to a flaw i
6thTrade
The Sui Network, often referred to as the "Solana (SOL) killer," experienced a significant disruption on November 21, with block production halting for over an hour. This outage, caused by a bug in the network’s transaction scheduling logic, marked a challenging moment for Sui, especially as it vies for a top spot in the competitive blockchain space.
What Caused the Outage?
Sui confirmed the incident in a post on X (formerly Twitter), attributing the downtime to a flaw i
SuiHub Global Accelerator Program Launched to Support Sui Blockchain Startups
Nov 21, 2024
6thTrade
Startups building on the Sui blockchain now have a significant opportunity to scale their projects through the newly launched SuiHub Global Accelerator Program. Spearheaded by the Sui Foundation in partnership with key collaborators, the program offers up to $200,000 in funding along with technical and marketing support for teams developing pre-token minimum viable products (MVPs).
A 12-Week Accelerator with Real-World Focus
The program is designed as an intensive 12-we
6thTrade
Startups building on the Sui blockchain now have a significant opportunity to scale their projects through the newly launched SuiHub Global Accelerator Program. Spearheaded by the Sui Foundation in partnership with key collaborators, the program offers up to $200,000 in funding along with technical and marketing support for teams developing pre-token minimum viable products (MVPs).
A 12-Week Accelerator with Real-World Focus
The program is designed as an intensive 12-we
CoinDesk Indices Daily Market Update: Tracking the Performance of the CoinDesk 20 Index
Nov 21, 2024
6thTrade
The CoinDesk Indices have released their daily market update, showcasing the performance of the CoinDesk 20 Index—a benchmark that tracks the most liquid and widely traded digital assets across global markets. The index serves as a crucial barometer for the state of the cryptocurrency market, reflecting the movements of 20 key assets traded across multiple platforms in various regions worldwide.
As of this update, the CoinDesk 20 Index is trading at 3081.58, marking a
6thTrade
The CoinDesk Indices have released their daily market update, showcasing the performance of the CoinDesk 20 Index—a benchmark that tracks the most liquid and widely traded digital assets across global markets. The index serves as a crucial barometer for the state of the cryptocurrency market, reflecting the movements of 20 key assets traded across multiple platforms in various regions worldwide.
As of this update, the CoinDesk 20 Index is trading at 3081.58, marking a
$BCH
Bullish Scenario: If BCH/USDT breaks and sustains above $526 with high volume, it could signal the continuation of the uptrend toward $550 or even $600.
Bearish Scenario: A failure to hold above the $500 level could lead to a retracement toward $450 or even $400, where dynamic support (200-MA) resides.
Bullish Scenario: If BCH/USDT breaks and sustains above $526 with high volume, it could signal the continuation of the uptrend toward $550 or even $600.
Bearish Scenario: A failure to hold above the $500 level could lead to a retracement toward $450 or even $400, where dynamic support (200-MA) resides.
Comprehensive Analysis of BCH/USDT on a 4-Hour Chart: Market Movement and Key Levels
Trend Analysis:The price of BCH/USDT has shown a notable uptrend from the lows observed earlier in the year, confirming bullish momentum.Recently, BCH experienced a sharp move upward but has retraced slightly, indicating a potential pullback or profit-taking by investors.The 200-period moving average (MA), currently around $389.1, acts as a strong dynamic support, reinforcing the uptrend.Key Support and Resistance Levels:Support:The first major support lies ne
FLOKI/USDT Analysis: Consolidation Near Key Support with Eyes on $0.00030000 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading slightly above the 200-period MA (value: $0.00025138), confirming short-term bullish momentum.The MA acts as immediate dynamic support for the price.
Relative Strength Index (RSI):
RSI is at 48.32, indicating a neutral position.There is room for both upward or downward movement based on market conditions.
Moving Average Convergence Divergence (MACD):
MACD histogram is showing a marginally positive valu
$JTO
Bullish Scenario:
If the price sustains above $3.200, it could target $3.500 as the next resistance level.Positive momentum in RSI and MACD supports further upside potential.
Bearish Scenario:
A rejection at $3.200 or a break below $2.800 could lead to a pullback toward $2.530.A sustained break below $2.530 might indicate a reversal back into bearish territory.
Bullish Scenario:
If the price sustains above $3.200, it could target $3.500 as the next resistance level.Positive momentum in RSI and MACD supports further upside potential.
Bearish Scenario:
A rejection at $3.200 or a break below $2.800 could lead to a pullback toward $2.530.A sustained break below $2.530 might indicate a reversal back into bearish territory.
JTO/USDT Technical Analysis: Bullish Momentum Targets $3.200 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading above the 200-period MA (value: $2.530), confirming a bullish trend in the medium term.The breakout above this level indicates strong support from buyers.
Relative Strength Index (RSI):
RSI is at 59.89, reflecting bullish momentum but still within neutral territory.There is potential for further upside before entering overbought conditions.
Moving Average Convergence Divergence (MACD):
$NEIRO
Bullish Scenario:
If the price sustains above $0.00220000, it could target $0.00250000 and beyond.Positive RSI and a potential bullish MACD crossover support this scenario.
Bearish Scenario:
A rejection at $0.00220000 or a break below $0.00180000 could lead to a pullback toward $0.00160000.Increased selling pressure would confirm this move.
Bullish Scenario:
If the price sustains above $0.00220000, it could target $0.00250000 and beyond.Positive RSI and a potential bullish MACD crossover support this scenario.
Bearish Scenario:
A rejection at $0.00220000 or a break below $0.00180000 could lead to a pullback toward $0.00160000.Increased selling pressure would confirm this move.
NEIRO/USDT Technical Analysis: Bullish Momentum Eyes $0.00220000 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading above the 200-period MA (value: $0.00187807), confirming a bullish trend in the medium term.Sustained trading above this level indicates strong support from buyers.
Relative Strength Index (RSI):
RSI is at 53.35, indicating neutral momentum with potential for further upward movement.There is room for the price to grow before reaching overbought conditions.
Moving Average Convergenc
$STRK
Bullish Scenario:
If the price sustains above $0.5000 and breaks $0.6370, it could target $0.7000 as the next resistance level.Positive momentum in RSI and MACD supports further upside potential.
Bearish Scenario:
A rejection at $0.6370 or a break below $0.5000 could lead to a pullback toward $0.4500 support.A sustained break below $0.4500 might reignite bearish pressure.
Bullish Scenario:
If the price sustains above $0.5000 and breaks $0.6370, it could target $0.7000 as the next resistance level.Positive momentum in RSI and MACD supports further upside potential.
Bearish Scenario:
A rejection at $0.6370 or a break below $0.5000 could lead to a pullback toward $0.4500 support.A sustained break below $0.4500 might reignite bearish pressure.
STRK/USDT Technical Analysis: Bullish Momentum Targets $0.6370 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading above the 200-period MA (value: $0.4164), indicating a transition to a bullish trend.This breakout above the MA strengthens the medium-term bullish outlook.
Relative Strength Index (RSI):
RSI is at 64.10, suggesting bullish momentum without entering overbought territory.There is room for further upside before reaching the overbought zone (70).
Moving Average Convergence Divergence (M
$ENA
Bullish Scenario:
If the price sustains above $0.6000, it could target $0.6500 as the next resistance level.Positive MACD and strong volume support further upward movement.
Bearish Scenario:
Overbought RSI conditions could trigger a short-term pullback to the $0.5500 - $0.5600 support zone.A break below $0.5500 may lead to a deeper correction toward $0.5000.
Bullish Scenario:
If the price sustains above $0.6000, it could target $0.6500 as the next resistance level.Positive MACD and strong volume support further upward movement.
Bearish Scenario:
Overbought RSI conditions could trigger a short-term pullback to the $0.5500 - $0.5600 support zone.A break below $0.5500 may lead to a deeper correction toward $0.5000.
ENA/USDT Technical Analysis: Bullish Momentum Challenges $0.6000 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price has recently broken above the 200-period MA (value: $0.5312), confirming a short-term bullish trend.Sustained trading above this level suggests that buyers are in control.
Relative Strength Index (RSI):
RSI is at 72.86, indicating overbought conditions.This level signals strong bullish momentum, but traders should watch for potential pullbacks or consolidation.
Moving Average Convergence Divergen
$BANANA
Bullish Scenario:
A breakout above $72.00 could push the price toward $80.00, with potential for further upside if bullish momentum persists.Positive MACD and a strong RSI support the continuation of the bullish trend.
Bearish Scenario:
A rejection at $70.00 - $72.00 could lead to a retracement toward the $65.00 - $66.00 support zone.A break below $65.00 may trigger a deeper correction toward $60.00.
Bullish Scenario:
A breakout above $72.00 could push the price toward $80.00, with potential for further upside if bullish momentum persists.Positive MACD and a strong RSI support the continuation of the bullish trend.
Bearish Scenario:
A rejection at $70.00 - $72.00 could lead to a retracement toward the $65.00 - $66.00 support zone.A break below $65.00 may trigger a deeper correction toward $60.00.
BANANA/USDT Technical Analysis: Bullish Momentum Targets $72 Resistance
Indicators and Chart Patterns
Moving Average (MA 200):
The price is trading well above the 200-period MA (value: $55.86), signaling a strong bullish trend.Sustained trading above this level confirms the bullish momentum.
Relative Strength Index (RSI):
RSI is at 66.51, indicating strong bullish momentum but approaching the overbought zone of 70.Traders should watch for potential consolidation or minor pullbacks as RSI nears overbought territory.
Moving Av