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Unlocking Opportunity: Top 3 Token Unlocks to Watch This Week
The cryptocurrency market is gearing up for a potential influx of tokens worth over $215.09 million from at least three major projects, including Optimism, SUI, and dYdX, in the coming weeks. This anticipated release could lead to significant price fluctuations, making it crucial for investors to stay informed. These key token unlocks are expected to impact market dynamics, liquidity, and investor sentiment. Here are the notable events to keep an eye on.
SUI:
Unlock date: June 1
Number of tokens unlocked: 65.08 million SUI
Current circulating supply: 2.33 billion SUI
Sui is a high-performance Layer-1 blockchain that utilizes a Proof-of-Stake consensus algorithm to ensure the network's operation and security. Developed by Mysten Labs, a company established in 2021 by former Novi Research employees who were instrumental in creating the Diem blockchain and the Move programming language, Sui stands out in the blockchain landscape.
The Sui project plans to launch 65.08 million SUI tokens, which are valued at $67.81 million. This release represents 2.78% of Sui’s circulating supply and will be distributed among private investors, team members, founders, and the community.
SUI tokens play a crucial role in governance, allowing holders to vote on significant proposals and influence the platform's direction. The next token unlock is scheduled for June 1, which will release a substantial portion of tokens designated for Series A and B participants, the community reserve, and the Mysten Labs treasury.
Technical Analysis
The price of SUI has experienced a significant decline of over 50% from its all-time high and is now at risk of breaking below a nearly 200-day ascending support trend line. Adding to the downward pressure, a token unlock occurred on May 3.
Since October 2023, the price of SUI has been moving upwards in line with a long-term ascending support trend line. This upward trajectory led to a new all-time high of $2.18 on March 27, 2024. However, the price has since fallen and breached the support trend line.
It's anticipated that SUI may decline to $0.90, signaling that the price could still be undergoing a longer-term correction.
Optimism:
Unlock date: May 31
Number of tokens unlocked: 31.34 million OP
Current circulating supply: 1.08 billion OP
Optimism, a Layer-2 scaling solution designed to enhance the speed and reduce the costs of transactions on the Ethereum mainnet, leverages the OP token for governance. Token holders can vote on proposals and decisions, influencing the development and management of the Optimism ecosystem.
On May 31, Optimism will release 31.34 million OP tokens into circulation. TokenUnlocks reports that these tokens will be allocated to investors and core contributors.
This upcoming release marks the largest token distribution by Optimism to date. Set for May 31, the team plans to unlock an additional 2.90% of the OP token supply, distributing 31.34 million OP tokens valued at $79.61 million to founders, the project team, and select private investors.
Technical Analysis
Over the past two months, the OP token has seen bearish trends. Starting from March 6, the OP price has undergone correction, experiencing a significant drawdown of 48% at one point. Currently, the price sits below important exponential moving averages (EMAs), indicating a short-term downtrend.
Additionally, there's been a "death crossover" between the 50-day and 200-day EMAs, further reinforcing the bearish sentiment. The $2.62 support level has been breached, resulting in a 30% drop to the $1.82 bullish point of interest (POI).
DYDX:
Unlock date: June 1
Number of tokens unlocked: 33.33 million DYDX
Current circulating supply: 279.8 million DYDX
In early 2023, dYdX, a prominent decentralized perpetual futures trading protocol, announced changes to its initial token distribution plan. According to the update, a significant portion of the total dYdX supply is allocated: 27.7% to early investors, 26.1% to the treasury, 15.3% to the team, and 7.0% to future dYdX employees and consultants. The majority of the DYDX tokens unlocked on June 1 will be divided among investors and the project team, while the remaining portion is set aside for future employees.
On June 1, dYdX plans a significant token unlock event, releasing 33.33 million DYDX tokens. dYdX is well-known for its decentralized perpetual trading protocol, and currently, there are 279.8 million DYDX tokens in circulation, valued at $67.67 million. This token unlock is part of a broader update to the token economy, with substantial portions allocated to early investors, the treasury, the project team, and future employees.
However, crypto traders will likely attempt to predict the economic impacts of these unlocks on prices, potentially leading to heightened volatility and exacerbating the risk-reward ratio. Given the uncertainty of the market and its susceptibility to various influences, it's crucial to employ effective risk management strategies and know when to refrain from trading certain cryptocurrencies.
Technical Analysis
Since July 2022, the price of DYDX has been following an ascending parallel channel pattern. Throughout this period, the price has consistently interacted with both the resistance and support trend lines of the pattern.
However, on March 4, after several validations, the price faced a final rejection and began a downward movement. In April, it broke down from the channel, which had been established for 630 days.
This breakdown is significant for two reasons: firstly, due to the longevity of the channel, and secondly, because such channels typically contain corrective movements. Therefore, this indicates that the previous upward movement was corrective, suggesting a bearish trend.
Conclusion:
As the cryptocurrency market braces for the release of tokens worth over $215.09 million from major projects like Optimism, SUI, and dYdX, investors need to remain vigilant. These upcoming unlocks are poised to significantly impact market dynamics, liquidity, and investor sentiment. It's imperative for investors to stay informed and prepared for potential price fluctuations resulting from these key events.
$DYDX
#Megadrop #SUI🔥 #DYDX🔔 #BinanceLaunchpool #altcoins @Binance Research @Coingabbar Analysis @CZ @Binance Square Official $SUI
SUI:
Unlock date: June 1
Number of tokens unlocked: 65.08 million SUI
Current circulating supply: 2.33 billion SUI
Sui is a high-performance Layer-1 blockchain that utilizes a Proof-of-Stake consensus algorithm to ensure the network's operation and security. Developed by Mysten Labs, a company established in 2021 by former Novi Research employees who were instrumental in creating the Diem blockchain and the Move programming language, Sui stands out in the blockchain landscape.
The Sui project plans to launch 65.08 million SUI tokens, which are valued at $67.81 million. This release represents 2.78% of Sui’s circulating supply and will be distributed among private investors, team members, founders, and the community.
SUI tokens play a crucial role in governance, allowing holders to vote on significant proposals and influence the platform's direction. The next token unlock is scheduled for June 1, which will release a substantial portion of tokens designated for Series A and B participants, the community reserve, and the Mysten Labs treasury.
Technical Analysis
The price of SUI has experienced a significant decline of over 50% from its all-time high and is now at risk of breaking below a nearly 200-day ascending support trend line. Adding to the downward pressure, a token unlock occurred on May 3.
Since October 2023, the price of SUI has been moving upwards in line with a long-term ascending support trend line. This upward trajectory led to a new all-time high of $2.18 on March 27, 2024. However, the price has since fallen and breached the support trend line.
It's anticipated that SUI may decline to $0.90, signaling that the price could still be undergoing a longer-term correction.
Optimism:
Unlock date: May 31
Number of tokens unlocked: 31.34 million OP
Current circulating supply: 1.08 billion OP
Optimism, a Layer-2 scaling solution designed to enhance the speed and reduce the costs of transactions on the Ethereum mainnet, leverages the OP token for governance. Token holders can vote on proposals and decisions, influencing the development and management of the Optimism ecosystem.
On May 31, Optimism will release 31.34 million OP tokens into circulation. TokenUnlocks reports that these tokens will be allocated to investors and core contributors.
This upcoming release marks the largest token distribution by Optimism to date. Set for May 31, the team plans to unlock an additional 2.90% of the OP token supply, distributing 31.34 million OP tokens valued at $79.61 million to founders, the project team, and select private investors.
Technical Analysis
Over the past two months, the OP token has seen bearish trends. Starting from March 6, the OP price has undergone correction, experiencing a significant drawdown of 48% at one point. Currently, the price sits below important exponential moving averages (EMAs), indicating a short-term downtrend.
Additionally, there's been a "death crossover" between the 50-day and 200-day EMAs, further reinforcing the bearish sentiment. The $2.62 support level has been breached, resulting in a 30% drop to the $1.82 bullish point of interest (POI).
DYDX:
Unlock date: June 1
Number of tokens unlocked: 33.33 million DYDX
Current circulating supply: 279.8 million DYDX
In early 2023, dYdX, a prominent decentralized perpetual futures trading protocol, announced changes to its initial token distribution plan. According to the update, a significant portion of the total dYdX supply is allocated: 27.7% to early investors, 26.1% to the treasury, 15.3% to the team, and 7.0% to future dYdX employees and consultants. The majority of the DYDX tokens unlocked on June 1 will be divided among investors and the project team, while the remaining portion is set aside for future employees.
On June 1, dYdX plans a significant token unlock event, releasing 33.33 million DYDX tokens. dYdX is well-known for its decentralized perpetual trading protocol, and currently, there are 279.8 million DYDX tokens in circulation, valued at $67.67 million. This token unlock is part of a broader update to the token economy, with substantial portions allocated to early investors, the treasury, the project team, and future employees.
However, crypto traders will likely attempt to predict the economic impacts of these unlocks on prices, potentially leading to heightened volatility and exacerbating the risk-reward ratio. Given the uncertainty of the market and its susceptibility to various influences, it's crucial to employ effective risk management strategies and know when to refrain from trading certain cryptocurrencies.
Technical Analysis
Since July 2022, the price of DYDX has been following an ascending parallel channel pattern. Throughout this period, the price has consistently interacted with both the resistance and support trend lines of the pattern.
However, on March 4, after several validations, the price faced a final rejection and began a downward movement. In April, it broke down from the channel, which had been established for 630 days.
This breakdown is significant for two reasons: firstly, due to the longevity of the channel, and secondly, because such channels typically contain corrective movements. Therefore, this indicates that the previous upward movement was corrective, suggesting a bearish trend.
Conclusion:
As the cryptocurrency market braces for the release of tokens worth over $215.09 million from major projects like Optimism, SUI, and dYdX, investors need to remain vigilant. These upcoming unlocks are poised to significantly impact market dynamics, liquidity, and investor sentiment. It's imperative for investors to stay informed and prepared for potential price fluctuations resulting from these key events.
$DYDX
#Megadrop #SUI🔥 #DYDX🔔 #BinanceLaunchpool #altcoins @Binance Research @Coingabbar Analysis @CZ @Binance Square Official $SUI
Pepe Price Prediction: Pepe Rally Shows No Signs of Slowing
Pepe coin has exhibited a notable bullish trend, marked by six consecutive weekly candlesticks closing in a bullish manner.
The latest week recorded an impressive 83% gain over the preceding seven days, reflecting strong bullish momentum.Since April 13th, Pepe has consistently formed higher highs, indicating a sustained upward trend.This trend has been reinforced by the coin's ability to breach resistance levels while adhering to an ascending trendline.Pepe experienced a remarkable 300% surge from its low of $0.00000391 to achieve a new all-time high.A rounding bottom reversal pattern observed on the daily chart further confirmed the bullish sentiment.Currently, Pepe is made new all time high at $0.00001725 and is challenging the 1.618 Fibonacci level, suggesting potential for another breakout rally.On the 4-hour chart, Pepe is observed within a rising channel pattern, with the current price rebounding from the channel's bottom, indicating a continuation of the upward trend.According to Coingabbar prediction, A breakout above $0.00001678 could extend the current bull run, with potential price targets of $0.000020 or $0.000026 within the current week.If the bulls fail to cross the 1.1618 Fibonacci barrier, a pullback will occur, and the price may drop to $0.00001300, followed by $0.00001000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00002000-$0.00002600
SUPPORT LEVEL : $0.00001300-$0.00001000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#MtGox #Megadrop #BinanceLaunchpool #memecoin🚀🚀🚀 #pepe⚡ @Coingabbar Analysis @CZ @Binance Research @Binance Square Official $PEPE
The latest week recorded an impressive 83% gain over the preceding seven days, reflecting strong bullish momentum.Since April 13th, Pepe has consistently formed higher highs, indicating a sustained upward trend.This trend has been reinforced by the coin's ability to breach resistance levels while adhering to an ascending trendline.Pepe experienced a remarkable 300% surge from its low of $0.00000391 to achieve a new all-time high.A rounding bottom reversal pattern observed on the daily chart further confirmed the bullish sentiment.Currently, Pepe is made new all time high at $0.00001725 and is challenging the 1.618 Fibonacci level, suggesting potential for another breakout rally.On the 4-hour chart, Pepe is observed within a rising channel pattern, with the current price rebounding from the channel's bottom, indicating a continuation of the upward trend.According to Coingabbar prediction, A breakout above $0.00001678 could extend the current bull run, with potential price targets of $0.000020 or $0.000026 within the current week.If the bulls fail to cross the 1.1618 Fibonacci barrier, a pullback will occur, and the price may drop to $0.00001300, followed by $0.00001000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00002000-$0.00002600
SUPPORT LEVEL : $0.00001300-$0.00001000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#MtGox #Megadrop #BinanceLaunchpool #memecoin🚀🚀🚀 #pepe⚡ @Coingabbar Analysis @CZ @Binance Research @Binance Square Official $PEPE
GameStop Prediction: Is the GME Token Following Stock Trends
GameStop token saw a massive rally exceeding 4000%, succeeded by an 82% price decline, hitting a low of $0.00340761.
Recent trading has kept the token within the range of $0.00370 to $0.00540, with a correction of about 30% over the past week.A significant 34.50% surge in the GME coin price in the last day indicates a potential bullish reversal.The token breached a symmetric triangle pattern on the 4-hour timeframe, signaling a bullish trend.On the daily chart, GME is forming a white marubozu candlestick, suggesting bullishness.According to Coin Gabbar analysis, Maintaining the price above the triangle pattern could lead the GameStop token to test its upper resistance level at $0.0088000.Conversely, a bearish reversal might prompt a retest of the crucial support trendline near $0.0034000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00870000-$0.01500000
SUPPORT LEVEL : $0.00550000-$0.00250000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#Megadrop @Coingabbar Analysis @CZ @Binance Research @Binance Square Official #MtGox #altcoins #BinanceLaunchpool #GME $GME
Recent trading has kept the token within the range of $0.00370 to $0.00540, with a correction of about 30% over the past week.A significant 34.50% surge in the GME coin price in the last day indicates a potential bullish reversal.The token breached a symmetric triangle pattern on the 4-hour timeframe, signaling a bullish trend.On the daily chart, GME is forming a white marubozu candlestick, suggesting bullishness.According to Coin Gabbar analysis, Maintaining the price above the triangle pattern could lead the GameStop token to test its upper resistance level at $0.0088000.Conversely, a bearish reversal might prompt a retest of the crucial support trendline near $0.0034000.
KEY LEVELS :
RESISTANCE LEVEL : $0.00870000-$0.01500000
SUPPORT LEVEL : $0.00550000-$0.00250000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#Megadrop @Coingabbar Analysis @CZ @Binance Research @Binance Square Official #MtGox #altcoins #BinanceLaunchpool #GME $GME
Could Notcoin Be the Next Hidden Gem in the Crypto world?
Notcoin soared by over 37% post-launch of "earning missions" for passive token rewards.
On May 16, 2024, the NOT token made its official debut, hitting a peak of 0.009900.Subsequently, the price plummeted approximately 54% to 0.004500 by May 23rd.Following a base formation near $0.004500, GME embarked on a new journey, witnessing a 110% increase.Today, GME achieved a new all-time high and is consolidating to breach the psychological level of $0.10000.According to Coingabbar's analysis, If the current trend persists, NOT could surpass the $0.01 resistance, approaching the $0.02 milestone.In case of a negative market sentiment shift, Notcoin might find support at $0.00870, potentially declining to around $0.00750.
KEY LEVELS :
RESISTANCE LEVEL : $0.012000-$0.015000
SUPPORT LEVEL : $0.007500-$0.004500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#Megadrop #Notcoin👀🔥 #BinanceLaunchpool #NOTCOİN #buythedip @Coingabbar Analysis @CZ @Binance Research $NOT
On May 16, 2024, the NOT token made its official debut, hitting a peak of 0.009900.Subsequently, the price plummeted approximately 54% to 0.004500 by May 23rd.Following a base formation near $0.004500, GME embarked on a new journey, witnessing a 110% increase.Today, GME achieved a new all-time high and is consolidating to breach the psychological level of $0.10000.According to Coingabbar's analysis, If the current trend persists, NOT could surpass the $0.01 resistance, approaching the $0.02 milestone.In case of a negative market sentiment shift, Notcoin might find support at $0.00870, potentially declining to around $0.00750.
KEY LEVELS :
RESISTANCE LEVEL : $0.012000-$0.015000
SUPPORT LEVEL : $0.007500-$0.004500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#Megadrop #Notcoin👀🔥 #BinanceLaunchpool #NOTCOİN #buythedip @Coingabbar Analysis @CZ @Binance Research $NOT
JASMY Prediction:The Rising Star in Crypto's Dark Horse Race
Jasmy coin has traded within a symmetric triangle pattern since mid-February, with a recent breakout indicated by a long bullish candle yesterday, resulting in a 14% surge in the last 24 hours.
The current price level hasn't been observed since April 2022, signaling a gradual uptrend following sustained consolidation.Bulls have established a strong anchor support level at $0.01500, facilitating upward movement within and beyond the rising channel to reach the $0.02880 resistance level.Within the channel, a notable support level of $0.02150 has been formed by the bulls, briefly stabilizing the price.A correction initiated by bears has hindered further bullish advancement, potentially reducing profits for bulls if sustained.Bulls aim to regroup at the $0.02450 support level on the upper boundary of the channel, with success potentially propelling the price above the current resistance at $0.02880.On the daily chart, a long wick candle suggests a weakening bullish momentum.As per Coin Gabbar analysis, Continued bullish momentum could drive the price beyond the resistance near $0.03000, targeting a new high of $0.04000.Conversely, a bearish trend reversal might lead the altcoin towards its support trendline.
KEY LEVELS :
RESISTANCE LEVEL : $0.030000-$0.040000
SUPPORT LEVEL : $0.021000-$0.015000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #Jasmyusdt⚠️⚠️ #EarnFreeCrypto2024 @Coingabbar Analysis @CZ $JASMY
The current price level hasn't been observed since April 2022, signaling a gradual uptrend following sustained consolidation.Bulls have established a strong anchor support level at $0.01500, facilitating upward movement within and beyond the rising channel to reach the $0.02880 resistance level.Within the channel, a notable support level of $0.02150 has been formed by the bulls, briefly stabilizing the price.A correction initiated by bears has hindered further bullish advancement, potentially reducing profits for bulls if sustained.Bulls aim to regroup at the $0.02450 support level on the upper boundary of the channel, with success potentially propelling the price above the current resistance at $0.02880.On the daily chart, a long wick candle suggests a weakening bullish momentum.As per Coin Gabbar analysis, Continued bullish momentum could drive the price beyond the resistance near $0.03000, targeting a new high of $0.04000.Conversely, a bearish trend reversal might lead the altcoin towards its support trendline.
KEY LEVELS :
RESISTANCE LEVEL : $0.030000-$0.040000
SUPPORT LEVEL : $0.021000-$0.015000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #Jasmyusdt⚠️⚠️ #EarnFreeCrypto2024 @Coingabbar Analysis @CZ $JASMY
Floki Inu Price Prediction: Will Rally Continue to $0.00050?
Floki's price was trading within a descending triangle. After an ascending consolidation, it broke above the resistance.
Within this pattern, $FLOKI was also in a rising wedge and breached it, increasing by 18.30%.Increased demand at $0.00015 led to a rounding bottom reversal, revealing a neckline at $0.0002680.Floki meme coin has increased by 77% over the past seven weeks and is heading to challenge the neckline for a breakout rally.ccording to Coingabbar analysis, Based on trend-based Fibonacci levels from the February bull run, the breakout rally could target $0.0003900 if it holds above the $0.0003000 level.If bulls fail to sustain above the neckline, a pullback may occur, finding support near the 78.60% Fibonacci level followed by the 61.80% Fibonacci level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00030000-$0.00039000
SUPPORT LEVEL : $0.00021000-$0.00016000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#EarnFreeCrypto2024 #altcoins #BinanceLaunchpool #Floki🔥🔥 #buythedip @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $FLOKI
Within this pattern, $FLOKI was also in a rising wedge and breached it, increasing by 18.30%.Increased demand at $0.00015 led to a rounding bottom reversal, revealing a neckline at $0.0002680.Floki meme coin has increased by 77% over the past seven weeks and is heading to challenge the neckline for a breakout rally.ccording to Coingabbar analysis, Based on trend-based Fibonacci levels from the February bull run, the breakout rally could target $0.0003900 if it holds above the $0.0003000 level.If bulls fail to sustain above the neckline, a pullback may occur, finding support near the 78.60% Fibonacci level followed by the 61.80% Fibonacci level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00030000-$0.00039000
SUPPORT LEVEL : $0.00021000-$0.00016000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#EarnFreeCrypto2024 #altcoins #BinanceLaunchpool #Floki🔥🔥 #buythedip @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $FLOKI
Ethereum Prediction: Is ETH Ready to Smash Its All-Time High
Ethereum maintains stability above the critical support at $3,540, showcasing a strong market foothold.
ETH has established a solid base, outperforming Bitcoin and surpassing the $3,730 mark, initiating another upward movement.Currently consolidating above $3,900, Ethereum indicates stability and potential accumulation before further upward momentum.ETH eyes an upside break above the psychological resistance level of $4,000, potentially signaling a bullish continuation.On the weekly chart, Ethereum presents a significant bullish engulfing candle, poised to breach the $4,000 mark, indicating robust bullish sentiment.May witnessed a remarkable bullish rally for Ethereum, with a surge from $2,860 to $3,900, marking a substantial 36% increase in price.Ethereum's daily chart reflects a positive technical breakthrough with the breach of the bullish flag pattern, indicating a possible extension of the upward trajectory.According to Coingabbar Prediction, Breaking through the $4,090 resistance could fuel further bullish momentum, aiming for $4,500 and eventually $5,000.Failure to surpass the $4,000 psychological barrier could trigger a pullback, potentially retracing towards support levels of $3,550 to $3,250.
KEY LEVELS :
RESISTANCE LEVEL : $3,980-$4,090
SUPPORT LEVEL : $3,820-$3,700
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #BinanceLaunchpool #buythedip @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $ETH
ETH has established a solid base, outperforming Bitcoin and surpassing the $3,730 mark, initiating another upward movement.Currently consolidating above $3,900, Ethereum indicates stability and potential accumulation before further upward momentum.ETH eyes an upside break above the psychological resistance level of $4,000, potentially signaling a bullish continuation.On the weekly chart, Ethereum presents a significant bullish engulfing candle, poised to breach the $4,000 mark, indicating robust bullish sentiment.May witnessed a remarkable bullish rally for Ethereum, with a surge from $2,860 to $3,900, marking a substantial 36% increase in price.Ethereum's daily chart reflects a positive technical breakthrough with the breach of the bullish flag pattern, indicating a possible extension of the upward trajectory.According to Coingabbar Prediction, Breaking through the $4,090 resistance could fuel further bullish momentum, aiming for $4,500 and eventually $5,000.Failure to surpass the $4,000 psychological barrier could trigger a pullback, potentially retracing towards support levels of $3,550 to $3,250.
KEY LEVELS :
RESISTANCE LEVEL : $3,980-$4,090
SUPPORT LEVEL : $3,820-$3,700
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #BinanceLaunchpool #buythedip @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $ETH
ONDO Price Prediction: Is Ondo Ready to Skyrocket toward $2?
Over the last couple of months, ONDO's price has remained stagnant, moving within the confines of a descending triangle pattern.
Ondo Finance (ONDO) price experienced a breakout during Friday, following a period of ranging between $0.97 and $0.69 since mid-March.Breaking through its previous all-time high (ATH) of $1.05, $ONDO witnessed a surge at the conclusion of the consolidation phase.Maintaining a robust bullish trend from the outset, ONDO is presently trading within a rising parallel channel.The daily chart reveals ONDO forming a Three White Soldiers Pattern, signaling a continuation of the ongoing rally.According to Coin Gabbar analysis, If Ondo continues its current trajectory, it may encounter resistance around the $1.5 mark.On the flip side, in the event of rejection, the price could potentially test lower support levels around $1.05 before finding a strong foundation to initiate a rebound.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.00000-$0.70000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #ONDO #EarnFreeCrypto2024 @Binance Research @Coingabbar Analysis @CZ @Binance Square Official $ondo
Ondo Finance (ONDO) price experienced a breakout during Friday, following a period of ranging between $0.97 and $0.69 since mid-March.Breaking through its previous all-time high (ATH) of $1.05, $ONDO witnessed a surge at the conclusion of the consolidation phase.Maintaining a robust bullish trend from the outset, ONDO is presently trading within a rising parallel channel.The daily chart reveals ONDO forming a Three White Soldiers Pattern, signaling a continuation of the ongoing rally.According to Coin Gabbar analysis, If Ondo continues its current trajectory, it may encounter resistance around the $1.5 mark.On the flip side, in the event of rejection, the price could potentially test lower support levels around $1.05 before finding a strong foundation to initiate a rebound.
KEY LEVELS :
RESISTANCE LEVEL : $1.50000-$2.00000
SUPPORT LEVEL : $1.00000-$0.70000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #ONDO #EarnFreeCrypto2024 @Binance Research @Coingabbar Analysis @CZ @Binance Square Official $ondo
Uniswap Price Prediction: Will UNI Lead the Next Bull Market
On May 22, Uniswap's price broke out of the $6.75 to $8.30 consolidation range following a 31% rally.
#Uniswap gained significant strength, breaking above the psychological barrier at $10.The current trade setup indicates that Uniswap's price is experiencing a parabolic recovery.The latest upswing is expected to elevate the price by more than 15%, targeting the initial barrier at $13.25.The surge is occurring within the context of a Rounding Bottom Pattern.Over the past 7 days, the price has increased by 42%, settling above the 100-Day EMA.As per Coin Gabbar analysis, If the bullish momentum continues and $UNI sustains above $10.00, the price could potentially rally further to reach $15.50.If the bulls fail to maintain the surge, a pullback may occur, with the price possibly testing the $8.50 level and the rounding bottom support.
KEY LEVELS :
RESISTANCE LEVEL : $14.000-$18.000
SUPPORT LEVEL : $8.000-$5.500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #Uniswap’s $UNI
@CZ @Coingabbar Analysis @Binance Research @Binance Square Official
#Uniswap gained significant strength, breaking above the psychological barrier at $10.The current trade setup indicates that Uniswap's price is experiencing a parabolic recovery.The latest upswing is expected to elevate the price by more than 15%, targeting the initial barrier at $13.25.The surge is occurring within the context of a Rounding Bottom Pattern.Over the past 7 days, the price has increased by 42%, settling above the 100-Day EMA.As per Coin Gabbar analysis, If the bullish momentum continues and $UNI sustains above $10.00, the price could potentially rally further to reach $15.50.If the bulls fail to maintain the surge, a pullback may occur, with the price possibly testing the $8.50 level and the rounding bottom support.
KEY LEVELS :
RESISTANCE LEVEL : $14.000-$18.000
SUPPORT LEVEL : $8.000-$5.500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #Uniswap’s $UNI
@CZ @Coingabbar Analysis @Binance Research @Binance Square Official
Is Celsius a Hidden Gem or Just Another Pump-and-Dump Scheme
On June 04th, Celsius reached a high of $8.00. Following this peak, the price declined by 98%, hitting a low of $0.0857 on June 10, 2023.
After reaching the new low, CEL traded in a consolidation zone below $0.4500 for nearly nine months.On May 5th, the consolidation phase ended, and the #Celsius price surged by 155% within seven days.Subsequently, the price dipped by 54%, finding support around $0.50.Yesterday, a long bullish candle formed, with the price increasing by 170%, reaching levels not seen since September 2022.CEL is currently forming a Tweezer top candle on the daily chart.As per Coin Gabbar analysis, If $CEL breaches yesterday's high and the psychological level of $1.50, the price can test $2.00.If the bulls fail to breach the upper level, a pump-and-dump scenario might occur, potentially driving the price below $1.00.
KEY LEVELS :
RESISTANCE LEVEL : $1.5000-$2.0000
SUPPORT LEVEL : $0.8500-$0.5000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #CelestiaAdventure #celsius
After reaching the new low, CEL traded in a consolidation zone below $0.4500 for nearly nine months.On May 5th, the consolidation phase ended, and the #Celsius price surged by 155% within seven days.Subsequently, the price dipped by 54%, finding support around $0.50.Yesterday, a long bullish candle formed, with the price increasing by 170%, reaching levels not seen since September 2022.CEL is currently forming a Tweezer top candle on the daily chart.As per Coin Gabbar analysis, If $CEL breaches yesterday's high and the psychological level of $1.50, the price can test $2.00.If the bulls fail to breach the upper level, a pump-and-dump scenario might occur, potentially driving the price below $1.00.
KEY LEVELS :
RESISTANCE LEVEL : $1.5000-$2.0000
SUPPORT LEVEL : $0.8500-$0.5000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#altcoins #BinanceLaunchpool #buythedip #CelestiaAdventure #celsius
Pepe Price Prediction: Is $1 the Next Stop for Pepe Journey?
This week, the PEPE price has surged by an impressive 70%, indicating strong momentum and increased buying activity within the market.
Analysis of the daily chart reveals a breakout pattern known as a rounding bottom, signaling a reversal towards a bullish trend.This breakout has successfully pushed the PEPE price above the psychologically significant level of $0.00001.Following the rounding bottom breakout, there has been a neckline breakout, further extending the bullish trend by an additional 70% during this week.Pepe's price movement demonstrates a consistent pattern of forming higher lows and higher highs, suggesting a sustained upward trend.A 65% surge this week forms a bullish engulfing candle on the weekly chart.According to Coingabbar prediction, With higher highs forming and momentum from the rounding bottom breakout, investors expect PEPE to surpass $0.00002000.If bulls can't break $0.00001600, they might retreat to the $0.00001380 support, tested twice before.
KEY LEVELS :
RESISTANCE LEVEL : $0.000020000-$0.000025000
SUPPORT LEVEL : $0.000011500-$0.000009000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#PEPE #BinanceLaunchpool #altcoins #buythedip #MemeWatch2024 $PEPE
Analysis of the daily chart reveals a breakout pattern known as a rounding bottom, signaling a reversal towards a bullish trend.This breakout has successfully pushed the PEPE price above the psychologically significant level of $0.00001.Following the rounding bottom breakout, there has been a neckline breakout, further extending the bullish trend by an additional 70% during this week.Pepe's price movement demonstrates a consistent pattern of forming higher lows and higher highs, suggesting a sustained upward trend.A 65% surge this week forms a bullish engulfing candle on the weekly chart.According to Coingabbar prediction, With higher highs forming and momentum from the rounding bottom breakout, investors expect PEPE to surpass $0.00002000.If bulls can't break $0.00001600, they might retreat to the $0.00001380 support, tested twice before.
KEY LEVELS :
RESISTANCE LEVEL : $0.000020000-$0.000025000
SUPPORT LEVEL : $0.000011500-$0.000009000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#PEPE #BinanceLaunchpool #altcoins #buythedip #MemeWatch2024 $PEPE
Core Price: Is a New All-Time High Above $5 on the Horizon?
Coinbase adds Core (CORECHAIN) to its listing roadmap, boosting its price by 33% and enhancing its digital asset offerings.
CORE has established a notable support zone at $1.5, reinforced by the 100-day moving average.On the 4-hour chart, the price broke through long-term resistances at $1.87 and $1.94, creating a fresh support zone below.Corechain (CORE) is currently trading at $2.0, with the price surpassing all moving averages, indicating a trend likely to maintain above SMA50, providing robust support.According to Coingabbar's analysis, If the bulls maintain above $2.00, the price could reach $2.90. Breaking beyond that could propel it to a new high near $5.00.If the bulls can't maintain the $2.000 price, a pullback toward $1.5000 is anticipated.
KEY LEVELS :
RESISTANCE LEVEL : $2.9000-$3.8000
SUPPORT LEVEL : $1.7500-$1.1500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#BinanceLaunchpool #buythedip #CoreDAO🔶️🔥👀 $core @CZ @Coingabbar Analysis @Binance Research @Binance Square Official #EarnFreeCrypto2024
CORE has established a notable support zone at $1.5, reinforced by the 100-day moving average.On the 4-hour chart, the price broke through long-term resistances at $1.87 and $1.94, creating a fresh support zone below.Corechain (CORE) is currently trading at $2.0, with the price surpassing all moving averages, indicating a trend likely to maintain above SMA50, providing robust support.According to Coingabbar's analysis, If the bulls maintain above $2.00, the price could reach $2.90. Breaking beyond that could propel it to a new high near $5.00.If the bulls can't maintain the $2.000 price, a pullback toward $1.5000 is anticipated.
KEY LEVELS :
RESISTANCE LEVEL : $2.9000-$3.8000
SUPPORT LEVEL : $1.7500-$1.1500
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#BinanceLaunchpool #buythedip #CoreDAO🔶️🔥👀 $core @CZ @Coingabbar Analysis @Binance Research @Binance Square Official #EarnFreeCrypto2024
LIVELIVECoingabbar Analysis
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The major events at the end of May in the TON ecosystem
REPETICIÓN
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Solana Price Prediction: Is a Trend Reversal on the Horizon?
Solana price has formed a symmetric triangle on the Daily time frame and continues to trade within it.
The cryptocurrency is trending inside an ascending parallel channel, increasing the likelihood of falling toward the lower trendline in May.The altcoin failed to breach its resistance trendline, resulting in a strong bearish reversal on the chart.Solana is struggling to maintain support at the 50% Fibonacci level.If the market sustains the price above the support zone, SOL will retest its $180 resistance level.According to Coingabbar's analysis, If the bulls break through the resistance trendline of the symmetric triangle, Solana's price could test its yearly high of $205 in the coming weeks.If the bulls lose momentum, SOL will test its $155 support. Continued bearish control could push the price towards the lower support trendline.
KEY LEVELS :
RESISTANCE LEVEL : $175-$190
SUPPORT LEVEL : $156-$145
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #altcoins #BinanceLaunchpool #buythedip #SOLUSDT! @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $SOL
The cryptocurrency is trending inside an ascending parallel channel, increasing the likelihood of falling toward the lower trendline in May.The altcoin failed to breach its resistance trendline, resulting in a strong bearish reversal on the chart.Solana is struggling to maintain support at the 50% Fibonacci level.If the market sustains the price above the support zone, SOL will retest its $180 resistance level.According to Coingabbar's analysis, If the bulls break through the resistance trendline of the symmetric triangle, Solana's price could test its yearly high of $205 in the coming weeks.If the bulls lose momentum, SOL will test its $155 support. Continued bearish control could push the price towards the lower support trendline.
KEY LEVELS :
RESISTANCE LEVEL : $175-$190
SUPPORT LEVEL : $156-$145
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #altcoins #BinanceLaunchpool #buythedip #SOLUSDT! @Binance Research @CZ @Coingabbar Analysis @Binance Square Official $SOL
Pepe Price Prediction: Bull Trap or Just a Technical Dip?
Pepe Coin price is currently on the rise, breaking out of a previous downward trend and showing a rounding pattern breakout rally.
On May 20, PEPEcoin experienced a significant surge in price, reaching a new high of $0.00001576 on May 23, representing a notable 73% increase.However, following the approval of the Ethereum ETF, meme coins, including PEPE, faced a bearish trend, struggling to regain momentum.Despite the overall slowdown, PEPE's price exhibited a pullback, indicating a potential correction towards a critical support level.The price of Pepe has retraced from the 1.236 Fibonacci level and is currently testing support at the 1 Fibonacci level. If a price correction occurs, PEPE's price could initially drop to $0.0000122, possibly prompting a rebound and triggering another bullish rally.According to Coingabbar prediction, If the bullish momentum persist, PEPE's price might surpass the 1.618 Fibonacci level, reaching $0.000020.
KEY LEVELS :
RESISTANCE LEVEL : $0.000016000-$0.000020000
SUPPORT LEVEL : $0.000011000-$0.000007800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #BinanceLaunchpool #buythedip #memecoin🚀🚀🚀 #PEPE @CZ @Binance Research @Coingabbar Analysis @Binance Square Official $PEPE
On May 20, PEPEcoin experienced a significant surge in price, reaching a new high of $0.00001576 on May 23, representing a notable 73% increase.However, following the approval of the Ethereum ETF, meme coins, including PEPE, faced a bearish trend, struggling to regain momentum.Despite the overall slowdown, PEPE's price exhibited a pullback, indicating a potential correction towards a critical support level.The price of Pepe has retraced from the 1.236 Fibonacci level and is currently testing support at the 1 Fibonacci level. If a price correction occurs, PEPE's price could initially drop to $0.0000122, possibly prompting a rebound and triggering another bullish rally.According to Coingabbar prediction, If the bullish momentum persist, PEPE's price might surpass the 1.618 Fibonacci level, reaching $0.000020.
KEY LEVELS :
RESISTANCE LEVEL : $0.000016000-$0.000020000
SUPPORT LEVEL : $0.000011000-$0.000007800
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #BinanceLaunchpool #buythedip #memecoin🚀🚀🚀 #PEPE @CZ @Binance Research @Coingabbar Analysis @Binance Square Official $PEPE
Chainlink Price Prediction: Can LINK Surpass the $20 Mark?
LINK's price surged above $16.50, signaling bullish momentum, with potential for further gains upon surpassing the $18.00 resistance.
On the daily chart, ChainLink is trading above the Ichimoku Indicator, suggesting bullish sentiment.Breaking out of the descending triangle pattern a few days ago, as observed on the daily chart, indicates a bullish trend reversal.After finding support from the trendline, LINK's price surged, marking a 36% increase over 10 days.Currently, a Marubozu candle is forming on the daily chart, indicating strong bullish momentum.According to Coingabbar analysis, If bulls manage to breach the $18 resistance, LINK's price may target $20 in the subsequent weeks, provided market conditions remain supportive.Conversely, a trend reversal could lead to a test of the $16 support level, with further downside potential to $15 this month in case of continued bear dominance.
KEY LEVELS :
RESISTANCE LEVEL : $18.500-$21.000
SUPPORT LEVEL : $15.500-$13.000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #buythedip #BinanceLaunchpool $LINK
@CZ @Binance Research @Coingabbar Analysis @Binance Square Official
On the daily chart, ChainLink is trading above the Ichimoku Indicator, suggesting bullish sentiment.Breaking out of the descending triangle pattern a few days ago, as observed on the daily chart, indicates a bullish trend reversal.After finding support from the trendline, LINK's price surged, marking a 36% increase over 10 days.Currently, a Marubozu candle is forming on the daily chart, indicating strong bullish momentum.According to Coingabbar analysis, If bulls manage to breach the $18 resistance, LINK's price may target $20 in the subsequent weeks, provided market conditions remain supportive.Conversely, a trend reversal could lead to a test of the $16 support level, with further downside potential to $15 this month in case of continued bear dominance.
KEY LEVELS :
RESISTANCE LEVEL : $18.500-$21.000
SUPPORT LEVEL : $15.500-$13.000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #buythedip #BinanceLaunchpool $LINK
@CZ @Binance Research @Coingabbar Analysis @Binance Square Official
Ethereum Prediction:Is the ETH ETF Craze Losing Its Momentum
Ethereum failed to exceed $4,000 even after the SEC approved eight Ethereum-based ETFs.
Ethereum's price dropped sharply after rallying towards $3,948.Immediately after the approvals, Ethereum's price briefly hit $3,900, then fell back and is now trading near below $3,700.Following a 25% rally, bulls failed to breach the $4,000 psychological resistance and the 78.60% Fibonacci retracement level.Yesterday, there was a rejection indicated by the printing of a long upper wick.According to Coingabbar Prediction, If $ETH breaches the $4,000 resistance, which is the previous February peak, it can quickly rise to $5,000.Conversely, if ETH faces resistance at the $4,000 level and drops below $3,500, short-term profit-taking may ensue.
KEY LEVELS :
RESISTANCE LEVEL : $3,740-$3,830
SUPPORT LEVEL : $3,550-$3,460
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #ETHETFS #buythedip @CZ @Binance Research @Coingabbar Analysis @Binance Square Official $ETH
Ethereum's price dropped sharply after rallying towards $3,948.Immediately after the approvals, Ethereum's price briefly hit $3,900, then fell back and is now trading near below $3,700.Following a 25% rally, bulls failed to breach the $4,000 psychological resistance and the 78.60% Fibonacci retracement level.Yesterday, there was a rejection indicated by the printing of a long upper wick.According to Coingabbar Prediction, If $ETH breaches the $4,000 resistance, which is the previous February peak, it can quickly rise to $5,000.Conversely, if ETH faces resistance at the $4,000 level and drops below $3,500, short-term profit-taking may ensue.
KEY LEVELS :
RESISTANCE LEVEL : $3,740-$3,830
SUPPORT LEVEL : $3,550-$3,460
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFsApproved #FIT21 #altcoins #ETHETFS #buythedip @CZ @Binance Research @Coingabbar Analysis @Binance Square Official $ETH
Ethereum: Is the Consolidation Setting the Stage for Upswing
Ethereum's price has entered a consolidation phase above the $3,650 support level.
On May 20, ETH broke above the resistance line of a descending channel pattern, indicating a potential trend reversal.ETH has demonstrated stronger performance compared to Bitcoin, surpassing the $3,800 level and establishing a new weekly high at $3,836 before consolidating gains.Analysis of the 4-hour chart reveals Ethereum is currently trading within a Bullish Pennant Pattern.According to Coingabbar Prediction, If ETH breaches the upper side of the pattern, continuation of the bullish trend could be anticipated, particularly if buyers surpass the $4,000 resistance.Conversely, if ETH encounters resistance at the $4,000 level and falls below $3,500, short-term profit-taking may occur.
KEY LEVELS :
RESISTANCE LEVEL : $3,850-$3,940
SUPPORT LEVEL : $3,700-$3,620
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFS #altcoins @Binance Research #BinanceLaunchpool #buythedip #BTC @CZ @Coingabbar Analysis @Binance Square Official $ETH
On May 20, ETH broke above the resistance line of a descending channel pattern, indicating a potential trend reversal.ETH has demonstrated stronger performance compared to Bitcoin, surpassing the $3,800 level and establishing a new weekly high at $3,836 before consolidating gains.Analysis of the 4-hour chart reveals Ethereum is currently trading within a Bullish Pennant Pattern.According to Coingabbar Prediction, If ETH breaches the upper side of the pattern, continuation of the bullish trend could be anticipated, particularly if buyers surpass the $4,000 resistance.Conversely, if ETH encounters resistance at the $4,000 level and falls below $3,500, short-term profit-taking may occur.
KEY LEVELS :
RESISTANCE LEVEL : $3,850-$3,940
SUPPORT LEVEL : $3,700-$3,620
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#ETHETFS #altcoins @Binance Research #BinanceLaunchpool #buythedip #BTC @CZ @Coingabbar Analysis @Binance Square Official $ETH
Kaspa Prediction: Will KAS Surpass $0.20 in Breakout Rally?
On February 20, the Kaspa token reached a fresh all-time high, peaking near $0.19, but subsequently experienced a retracement.
Despite facing the bearish trend, Kaspa's price has consistently upheld support above $0.10.Kaspa (KAS) formed a week-long zigzag pattern, breaking above the key resistance at $0.1350 today but quickly retraced below it.On the daily chart, KAS displays Three White Soldiers, indicating a sustained bullish trend.On the daily chart, KAS broke the descending trendline and is maintaining its position above it.As per Coingabbar analysis, If Kaspa's price exceeds the $0.15 resistance level this month, it could potentially trigger a rally towards the $0.20 mark.Bullish outlook relies on Kaspa surpassing $0.14 resistance. Failure may lead to retreat to $0.10 support, potentially extending downward trend.
KEY LEVELS :
RESISTANCE LEVEL : $0.160000-$0.200000
SUPPORT LEVEL : $0.100000-$0.055000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
@CZ @Coingabbar Analysis @Binance Research @Binance Square Official #pizzaday #BinanceLaunchpool #buythedip #ETHETFS #altcoins $kas
Despite facing the bearish trend, Kaspa's price has consistently upheld support above $0.10.Kaspa (KAS) formed a week-long zigzag pattern, breaking above the key resistance at $0.1350 today but quickly retraced below it.On the daily chart, KAS displays Three White Soldiers, indicating a sustained bullish trend.On the daily chart, KAS broke the descending trendline and is maintaining its position above it.As per Coingabbar analysis, If Kaspa's price exceeds the $0.15 resistance level this month, it could potentially trigger a rally towards the $0.20 mark.Bullish outlook relies on Kaspa surpassing $0.14 resistance. Failure may lead to retreat to $0.10 support, potentially extending downward trend.
KEY LEVELS :
RESISTANCE LEVEL : $0.160000-$0.200000
SUPPORT LEVEL : $0.100000-$0.055000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
@CZ @Coingabbar Analysis @Binance Research @Binance Square Official #pizzaday #BinanceLaunchpool #buythedip #ETHETFS #altcoins $kas
Pepe Prediction: Is Pepe Poised to Overtake DOGE at the Top?
Pepe Coin (PEPE) recently hit a new all-time high, extending a three-month uptrend.
The rally, led by PEPE's price surge, exceeded 20%, setting a new ATH above $0.000014 during early trading, marking a 55% increase over the past two days.PEPE's price movement aligns with expectations post-breakout from the bullish flag pattern, maintaining an upward trajectory.Surpassing the 1.236 Fibonacci retracement level at $0.00001316, $PEPE is poised to test higher targets, including the 1.50 Fibonacci level at $0.00001572.Despite a selloff from its recent peak of $0.00001300, PEPE faces increased bearish pressure.However, finding support at the 1.236 Fibonacci level suggests a potential trend reversal.According to Coingabbar prediction, Alternatively, a surge may drive PEPE coin to resistance at $0.0000142, targeting $0.000018 before correcting.If selling persists, the memecoin may drop to support at $0.00001, testing $0.0000088, shaking investor confidence.
KEY LEVELS :
RESISTANCE LEVEL : $0.000016000-$0.000020000
SUPPORT LEVEL : $0.000010000-$0.000008000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#buythedip #BinanceLaunchpool #memecoin🚀🚀🚀 #memecoin #pizzaday @Binance Square Official @Binance Research @CZ @Coingabbar Analysis $PEPE
The rally, led by PEPE's price surge, exceeded 20%, setting a new ATH above $0.000014 during early trading, marking a 55% increase over the past two days.PEPE's price movement aligns with expectations post-breakout from the bullish flag pattern, maintaining an upward trajectory.Surpassing the 1.236 Fibonacci retracement level at $0.00001316, $PEPE is poised to test higher targets, including the 1.50 Fibonacci level at $0.00001572.Despite a selloff from its recent peak of $0.00001300, PEPE faces increased bearish pressure.However, finding support at the 1.236 Fibonacci level suggests a potential trend reversal.According to Coingabbar prediction, Alternatively, a surge may drive PEPE coin to resistance at $0.0000142, targeting $0.000018 before correcting.If selling persists, the memecoin may drop to support at $0.00001, testing $0.0000088, shaking investor confidence.
KEY LEVELS :
RESISTANCE LEVEL : $0.000016000-$0.000020000
SUPPORT LEVEL : $0.000010000-$0.000008000
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
#buythedip #BinanceLaunchpool #memecoin🚀🚀🚀 #memecoin #pizzaday @Binance Square Official @Binance Research @CZ @Coingabbar Analysis $PEPE
