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Speculative Traders Prepare for October with Chainlink (LINK)Chainlink (LINK) has been making significant strides in the cryptocurrency market, with a notable 30% increase in its price during September. This surge is accompanied by key developments such as a successful tokenization test with SWIFT and the mainnet launch of its Cross-Chain Interoperability Protocol. As October approaches, the crypto community is eagerly anticipating whether bullish speculative traders can leverage these achievements to outperform bearish whales. Speculative Traders Prepare for October Despite a substantial 30% gain in September, LINK derivatives markets indicate that bullish traders are gearing up for a more profitable October. Open Interest in Chainlink reached $91 million by September 17, but it has since doubled to $182 million as of September 28. This surge in Open Interest suggests a growing influx of new investors and a prevailing belief that the current price direction will persist, setting the stage for a potentially bullish October. Whale Profit Booking Amid Key Resistance Levels As Chainlink's price hit $7, a level it hadn't reached in 40 days, crypto whales changed their tune. Investors holding significant amounts of LINK, ranging from 100,000 to 10 million tokens, began aggressively booking profits. Their collective wallet balances decreased by 1 million tokens, valued at approximately $7.8 million. Interestingly, despite this selling activity, LINK's price has continued to edge closer to $8, hinting at a counterintuitive trend. LINK Price Prediction: Targeting $11 With successful product launches and significant partnerships propelling Chainlink's price rally, the bulls have set their sights on reclaiming the $11 territory. The Global In/Out of Money Around Price (GIOM) data adds credence to this prediction, indicating that if LINK surpasses the $8 mark, bullish speculative traders could drive prices toward $11. However, this scenario might change if a substantial number of these investors decide to close their positions. Bears' Potential Impact and Strong Support Levels While the bullish outlook is promising, the bears could come into play if Chainlink's price retraces below $5. The data reveals that a large cluster of LINK holders, approximately 69,630 addresses, acquired 531.8 million LINK at an average price of $6.50. This substantial holding may act as a strong defense against bearish pressure. Nonetheless, if LINK fails to maintain this vital support level, a prolonged downswing toward $5 could be triggered. In Summary Chainlink's journey into October is characterized by a tug-of-war between bullish speculative traders and profit-booking whales. The crypto community eagerly awaits whether the bullish momentum, driven by key developments and partnerships, will continue to push LINK's price upward, potentially reaching the coveted $11 mark. Yet, the market remains dynamic, with strong support levels in place to counter any potential bearish influence, making for an exciting month ahead for Chainlink enthusiasts. #Chainlink #LINK #BullVsBear $LINK

Speculative Traders Prepare for October with Chainlink (LINK)

Chainlink (LINK) has been making significant strides in the cryptocurrency market, with a notable 30% increase in its price during September. This surge is accompanied by key developments such as a successful tokenization test with SWIFT and the mainnet launch of its Cross-Chain Interoperability Protocol. As October approaches, the crypto community is eagerly anticipating whether bullish speculative traders can leverage these achievements to outperform bearish whales.
Speculative Traders Prepare for October
Despite a substantial 30% gain in September, LINK derivatives markets indicate that bullish traders are gearing up for a more profitable October. Open Interest in Chainlink reached $91 million by September 17, but it has since doubled to $182 million as of September 28. This surge in Open Interest suggests a growing influx of new investors and a prevailing belief that the current price direction will persist, setting the stage for a potentially bullish October.
Whale Profit Booking Amid Key Resistance Levels
As Chainlink's price hit $7, a level it hadn't reached in 40 days, crypto whales changed their tune. Investors holding significant amounts of LINK, ranging from 100,000 to 10 million tokens, began aggressively booking profits. Their collective wallet balances decreased by 1 million tokens, valued at approximately $7.8 million. Interestingly, despite this selling activity, LINK's price has continued to edge closer to $8, hinting at a counterintuitive trend.
LINK Price Prediction: Targeting $11
With successful product launches and significant partnerships propelling Chainlink's price rally, the bulls have set their sights on reclaiming the $11 territory. The Global In/Out of Money Around Price (GIOM) data adds credence to this prediction, indicating that if LINK surpasses the $8 mark, bullish speculative traders could drive prices toward $11. However, this scenario might change if a substantial number of these investors decide to close their positions.
Bears' Potential Impact and Strong Support Levels
While the bullish outlook is promising, the bears could come into play if Chainlink's price retraces below $5. The data reveals that a large cluster of LINK holders, approximately 69,630 addresses, acquired 531.8 million LINK at an average price of $6.50. This substantial holding may act as a strong defense against bearish pressure. Nonetheless, if LINK fails to maintain this vital support level, a prolonged downswing toward $5 could be triggered.
In Summary
Chainlink's journey into October is characterized by a tug-of-war between bullish speculative traders and profit-booking whales. The crypto community eagerly awaits whether the bullish momentum, driven by key developments and partnerships, will continue to push LINK's price upward, potentially reaching the coveted $11 mark. Yet, the market remains dynamic, with strong support levels in place to counter any potential bearish influence, making for an exciting month ahead for Chainlink enthusiasts.
#Chainlink #LINK #BullVsBear $LINK
Bitcoin (BTC) appears to be catching its breath near the $70,000 mark, with both bulls and bears locked in a stalemate. ๐Ÿ‚๐Ÿป Acheron Trading CEO Laurent Benayoun sees potential for the current bull cycle to surge further, potentially reaching heights between $120,000 and $180,000, fueled by various factors such as ETFs, the upcoming halving, and potential interest rate cuts. ๐Ÿ“ˆ๐Ÿ’ฐ Bitwise CIO Matthew Hougan echoes this sentiment, advising investors to maintain composure and take the long view, suggesting that a mere 1% allocation from global wealth managers could inject a whopping $1 trillion into the crypto market. ๐Ÿ’ผ๐Ÿ’ก Despite the bullish outlook, QCP Capital warns of signs of exhaustion in the current rally, hinting at potential challenges for further upside. ๐Ÿšจ As Bitcoin treads water between $71,770 and $68,359, indecision reigns supreme among traders. ๐ŸŒŠ๐Ÿค” However, a tight consolidation near the highs could indicate bullish resilience, especially with the rising 20-day EMA and positive RSI. ๐Ÿ“ˆ๐Ÿ” To resume its upward trajectory, BTC must break above the $71,770 to $73,777 resistance zone, potentially paving the way for a surge to $80,000. ๐Ÿš€ Conversely, a dip below the 20-day EMA might signal a bearish turn, potentially leading to a test of the 50-day SMA around $61,107. ๐Ÿ“‰๐Ÿ’” Amidst this tug-of-war, will the bulls reclaim control or will the bears tighten their grip? Only time and the charts will tell! โณ๐Ÿ“Š #BitcoinAnalysis #BullVsBear #ToTheMoon ๐ŸŒ•๐Ÿš€ Follow | Like โค๏ธ | Quote ๐Ÿ”„ | Comment
Bitcoin (BTC) appears to be catching its breath near the $70,000 mark, with both bulls and bears locked in a stalemate. ๐Ÿ‚๐Ÿป Acheron Trading CEO Laurent Benayoun sees potential for the current bull cycle to surge further, potentially reaching heights between $120,000 and $180,000, fueled by various factors such as ETFs, the upcoming halving, and potential interest rate cuts. ๐Ÿ“ˆ๐Ÿ’ฐ Bitwise CIO Matthew Hougan echoes this sentiment, advising investors to maintain composure and take the long view, suggesting that a mere 1% allocation from global wealth managers could inject a whopping $1 trillion into the crypto market. ๐Ÿ’ผ๐Ÿ’ก Despite the bullish outlook, QCP Capital warns of signs of exhaustion in the current rally, hinting at potential challenges for further upside. ๐Ÿšจ

As Bitcoin treads water between $71,770 and $68,359, indecision reigns supreme among traders. ๐ŸŒŠ๐Ÿค” However, a tight consolidation near the highs could indicate bullish resilience, especially with the rising 20-day EMA and positive RSI. ๐Ÿ“ˆ๐Ÿ” To resume its upward trajectory, BTC must break above the $71,770 to $73,777 resistance zone, potentially paving the way for a surge to $80,000. ๐Ÿš€ Conversely, a dip below the 20-day EMA might signal a bearish turn, potentially leading to a test of the 50-day SMA around $61,107. ๐Ÿ“‰๐Ÿ’”

Amidst this tug-of-war, will the bulls reclaim control or will the bears tighten their grip? Only time and the charts will tell! โณ๐Ÿ“Š #BitcoinAnalysis #BullVsBear #ToTheMoon ๐ŸŒ•๐Ÿš€

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We've got Matic (MATIC) against USDT on the 30-minute chart. Now, what's your move? 1. **LONG**: You see those bullish vibes and think it's time to ride the wave up. 2. **SHORT**: Maybe you're smelling a bearish feast and want to take a bite on the downside. 3. **NO TRADE**: You're sitting this one out, and that's perfectly fine too. Not every battle is worth fighting. Sometimes, the best trade is no trade at all. If I don't see a clear path, I sit back, relax, and watch the show. So, what's your move, crypto warriors? Drop your opinions and reasons below. Let's conquer these markets together! ๐Ÿš€๐Ÿ’ฐ๐Ÿ”ฅ #CryptoAnalysis #MATIC #TradingTips #BullVsBear $MATIC $ETH $BNB
We've got Matic (MATIC) against USDT on the 30-minute chart. Now, what's your move?

1. **LONG**: You see those bullish vibes and think it's time to ride the wave up.

2. **SHORT**: Maybe you're smelling a bearish feast and want to take a bite on the downside.

3. **NO TRADE**: You're sitting this one out, and that's perfectly fine too. Not every battle is worth fighting. Sometimes, the best trade is no trade at all. If I don't see a clear path, I sit back, relax, and watch the show.

So, what's your move, crypto warriors? Drop your opinions and reasons below. Let's conquer these markets together! ๐Ÿš€๐Ÿ’ฐ๐Ÿ”ฅ

#CryptoAnalysis #MATIC #TradingTips #BullVsBear

$MATIC $ETH $BNB
Bitcoin (BTC) appears to be catching its breath near the $70,000 mark, with both bulls and bears locked in a stalemate. ๐Ÿ‚๐Ÿป Acheron Trading CEO Laurent Benayoun sees potential for the current bull cycle to surge further, potentially reaching heights between $120,000 and $180,000, fueled by various factors such as ETFs, the upcoming halving, and potential interest rate cuts. ๐Ÿ“ˆ๐Ÿ’ฐ Bitwise CIO Matthew Hougan echoes this sentiment, advising investors to maintain composure and take the long view, suggesting that a mere 1% allocation from global wealth managers could inject a whopping $1 trillion into the crypto market. ๐Ÿ’ผ๐Ÿ’ก Despite the bullish outlook, QCP Capital warns of signs of exhaustion in the current rally, hinting at potential challenges for further upside. ๐Ÿšจ As Bitcoin treads water between $71,770 and $68,359, indecision reigns supreme among traders. ๐ŸŒŠ๐Ÿค” However, a tight consolidation near the highs could indicate bullish resilience, especially with the rising 20-day EMA and positive RSI. ๐Ÿ“ˆ๐Ÿ” To resume its upward trajectory, BTC must break above the $71,770 to $73,777 resistance zone, potentially paving the way for a surge to $80,000. ๐Ÿš€ Conversely, a dip below the 20-day EMA might signal a bearish turn, potentially leading to a test of the 50-day SMA around $61,107. ๐Ÿ“‰๐Ÿ’” Amidst this tug-of-war, will the bulls reclaim control or will the bears tighten their grip? Only time and the charts will tell! โณ๐Ÿ“Š #BitcoinAnalysis #BullVsBear #HotTrends #BinanceACGroup #Amirrich_Trader $BTC ย  $ETH ย  $BNB ______________________________ ๐Ÿ’กTip : Your support keeps us going! Consider tipping for more updates! ๐Ÿ’ผ Text From : @Rihana Follow Me : @AMIRRICH Likeโค๏ธ | Quote๐Ÿ”„ | Comment๐Ÿ™ | Share๐Ÿ“ฌ
Bitcoin (BTC) appears to be catching its breath near the $70,000 mark, with both bulls and bears locked in a stalemate. ๐Ÿ‚๐Ÿป

Acheron Trading CEO Laurent Benayoun sees potential for the current bull cycle to surge further, potentially reaching heights between $120,000 and $180,000, fueled by various factors such as ETFs, the upcoming halving, and potential interest rate cuts.

๐Ÿ“ˆ๐Ÿ’ฐ Bitwise CIO Matthew Hougan echoes this sentiment, advising investors to maintain composure and take the long view, suggesting that a mere 1% allocation from global wealth managers could inject a whopping $1 trillion into the crypto market.

๐Ÿ’ผ๐Ÿ’ก Despite the bullish outlook, QCP Capital warns of signs of exhaustion in the current rally, hinting at potential challenges for further upside. ๐Ÿšจ

As Bitcoin treads water between $71,770 and $68,359, indecision reigns supreme among traders. ๐ŸŒŠ๐Ÿค” However, a tight consolidation near the highs could indicate bullish resilience, especially with the rising 20-day EMA and positive RSI.

๐Ÿ“ˆ๐Ÿ” To resume its upward trajectory, BTC must break above the $71,770 to $73,777 resistance zone, potentially paving the way for a surge to $80,000.

๐Ÿš€ Conversely, a dip below the 20-day EMA might signal a bearish turn, potentially leading to a test of the 50-day SMA around $61,107. ๐Ÿ“‰๐Ÿ’”

Amidst this tug-of-war, will the bulls reclaim control or will the bears tighten their grip? Only time and the charts will tell! โณ๐Ÿ“Š #BitcoinAnalysis
#BullVsBear
#HotTrends
#BinanceACGroup
#Amirrich_Trader

$BTC ย  $ETH ย  $BNB

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๐Ÿ’กTip : Your support keeps us going! Consider tipping for more updates! ๐Ÿ’ผ

Text From : @Queen Rihana
Follow Me : @AMIRRICH
Likeโค๏ธ | Quote๐Ÿ”„ | Comment๐Ÿ™ | Share๐Ÿ“ฌ
๐Ÿ“Š Wondering how crypto tokens behave in bull ๐Ÿ‚ vs. bear ๐Ÿป markets? ๐Ÿค” ๐Ÿ“ˆ In bull markets, fundamentals like tech, adoption, and real-world use cases gain more significance. ๐Ÿš€ Hype and speculation still play a role, but fundamentals shine brighter. ๐Ÿ“‰ In bear markets, fundamentals continue to matter, helping resilient projects survive. Speculation tends to cool off, focusing on what truly matters. ๐Ÿง Remember, balance is key! ๐Ÿš€๐Ÿ“‰ #CryptoMarket #BullVsBear #CryptoTalks #crypto2023 #CryptoNews ๐Ÿ“Š
๐Ÿ“Š Wondering how crypto tokens behave in bull ๐Ÿ‚ vs. bear ๐Ÿป markets? ๐Ÿค”

๐Ÿ“ˆ In bull markets, fundamentals like tech, adoption, and real-world use cases gain more significance. ๐Ÿš€ Hype and speculation still play a role, but fundamentals shine brighter.

๐Ÿ“‰ In bear markets, fundamentals continue to matter, helping resilient projects survive. Speculation tends to cool off, focusing on what truly matters. ๐Ÿง

Remember, balance is key! ๐Ÿš€๐Ÿ“‰ #CryptoMarket #BullVsBear #CryptoTalks #crypto2023 #CryptoNews ๐Ÿ“Š
#Write2earn Bitcoin Prepares for Breakout: Bulls vs. Bears Showdown #Bitcoin #BitcoinAnalysis #BullVsBear Bitcoin's price action suggests an imminent breakout, with the $btc price hovering near $69k and a decisive move expected soon. As the market braces for a breakout, traders closely monitor whether Bitcoin will surge upwards or experience a downward correction. With an upward trend prevailing since May's outset, bullish sentiment remains strong, hinting at a potential continuation of the uptrend. Breakout Imminent In the short-term 4-hourly timeframe, Bitcoin finds itself within a triangle pattern, nearing its apex. Monday could mark a crucial turning point as the price prepares to break out either to the upside or downside. Given the prevailing uptrend, a breakout in the upward direction appears more probable, although a temporary fake-out to the downside cannot be ruled out. Anticipation of Upside Momentum Transitioning to the daily timeframe, analysts debate the formation of a bull flag pattern. Regardless of interpretation, both scenarios suggest a breakout, with the price consolidating above both versions. After a week of sideways and downward price movements, traders anticipate a resurgence of upside momentum, particularly once short-term stochastic RSIs enter oversold territory. Battle Between Bulls and Bears Zooming out to the weekly timeframe, Bitcoin continues to grapple with resistance at $69k, representing the peak of the 2021 bull market. This critical level, forming a potential double top, underscores the intense struggle between bulls and bears. Price fluctuations to both the upside and downside reflect the ongoing battle between market participants. Flight to Bitcoin Amid Market Uncertainty With time on its side, Bitcoin is expected to climb to new highs in 2025, barring any unforeseen setbacks. While the future price trajectory of Bitcoin remains uncertain, the looming specter of a global economic collapse and turmoil in traditional finance systems could drive investors towards Bitcoin as a safe haven asset .
#Write2earn Bitcoin Prepares for Breakout: Bulls vs. Bears Showdown
#Bitcoin #BitcoinAnalysis #BullVsBear

Bitcoin's price action suggests an imminent breakout, with the $btc price hovering near $69k and a decisive move expected soon. As the market braces for a breakout, traders closely monitor whether Bitcoin will surge upwards or experience a downward correction. With an upward trend prevailing since May's outset, bullish sentiment remains strong, hinting at a potential continuation of the uptrend.

Breakout Imminent
In the short-term 4-hourly timeframe, Bitcoin finds itself within a triangle pattern, nearing its apex. Monday could mark a crucial turning point as the price prepares to break out either to the upside or downside. Given the prevailing uptrend, a breakout in the upward direction appears more probable, although a temporary fake-out to the downside cannot be ruled out.

Anticipation of Upside Momentum
Transitioning to the daily timeframe, analysts debate the formation of a bull flag pattern. Regardless of interpretation, both scenarios suggest a breakout, with the price consolidating above both versions. After a week of sideways and downward price movements, traders anticipate a resurgence of upside momentum, particularly once short-term stochastic RSIs enter oversold territory.

Battle Between Bulls and Bears
Zooming out to the weekly timeframe, Bitcoin continues to grapple with resistance at $69k, representing the peak of the 2021 bull market. This critical level, forming a potential double top, underscores the intense struggle between bulls and bears. Price fluctuations to both the upside and downside reflect the ongoing battle between market participants.

Flight to Bitcoin Amid Market Uncertainty
With time on its side, Bitcoin is expected to climb to new highs in 2025, barring any unforeseen setbacks. While the future price trajectory of Bitcoin remains uncertain, the looming specter of a global economic collapse and turmoil in traditional finance systems could drive investors towards Bitcoin as a safe haven asset .
๐Ÿ“ˆ๐Ÿ’ฐ The Rollercoaster of Retail Investors' Emotions in the Crypto Market ๐Ÿ’”๐ŸŽข 1. FOMO Regret: When the market skyrockets, they lament not having full positions and vow to wait for a dip to go all in. 2. Mocking the Dip:Amid a sharp downturn, they joke and wonder why the drop isn't more significant, eagerly awaiting to buy the dip. 3. Cursing the Stagnation: As the market stays stagnant, frustration sets in, with curses directed at the lack of rebound. 4. Silent Fluctuations:Amidst the ups and downs, silence prevails as uncertainty reigns. 5. Fear of the Drop:No one dares to talk about bottom fishing, fearing a significant drop, and overlooking the potential of the blockchain revolution. 6. Awakening Call:Occasionally, a voice emerges, reminding others to stay vigilant, but it often falls on deaf ears. 7. Rebound Anticipation: As signs of a reversal emerge, they wait for a pullback, convinced it's just a temporary bounce. 8. Chasing the Rally: Sensing something amiss, they rush to chase the rally, only to buy in at another peak. 9. Repeat and Retreat: The cycle repeats until the bear market arrives, leaving them trapped, broke, and disillusioned, ultimately exiting the circle with empty pockets. Remember, staying level-headed and informed is key to navigating the volatile crypto market! ๐Ÿง ๐Ÿ’ก #CryptoEmotions #BullVsBear ๐Ÿ‚๐Ÿป Follow | Like โค๏ธ | Quote ๐Ÿ”„ | Comment
๐Ÿ“ˆ๐Ÿ’ฐ The Rollercoaster of Retail Investors' Emotions in the Crypto Market ๐Ÿ’”๐ŸŽข

1. FOMO Regret: When the market skyrockets, they lament not having full positions and vow to wait for a dip to go all in.
2. Mocking the Dip:Amid a sharp downturn, they joke and wonder why the drop isn't more significant, eagerly awaiting to buy the dip.
3. Cursing the Stagnation: As the market stays stagnant, frustration sets in, with curses directed at the lack of rebound.
4. Silent Fluctuations:Amidst the ups and downs, silence prevails as uncertainty reigns.
5. Fear of the Drop:No one dares to talk about bottom fishing, fearing a significant drop, and overlooking the potential of the blockchain revolution.
6. Awakening Call:Occasionally, a voice emerges, reminding others to stay vigilant, but it often falls on deaf ears.
7. Rebound Anticipation: As signs of a reversal emerge, they wait for a pullback, convinced it's just a temporary bounce.
8. Chasing the Rally: Sensing something amiss, they rush to chase the rally, only to buy in at another peak.
9. Repeat and Retreat: The cycle repeats until the bear market arrives, leaving them trapped, broke, and disillusioned, ultimately exiting the circle with empty pockets.

Remember, staying level-headed and informed is key to navigating the volatile crypto market! ๐Ÿง ๐Ÿ’ก #CryptoEmotions #BullVsBear ๐Ÿ‚๐Ÿป

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Title: Deciphering Bitcoin's Post-Halving Rollercoaster: A Tale of Bears and Bulls Witness the post-halving saga of Bitcoin's price, where the journey from $67,000 to $62,500 has sparked intrigue among traders. Despite experts estimating the average mining cost per Bitcoin at around $53,000, the recent drop suggests a complex interplay of factors. For smaller investors, even minor price fluctuations can trigger selling pressure, underscoring the challenges of navigating volatile markets. Yet, amidst the uncertainty, one thing remains clear: Bitcoin's scarcity is an undeniable force driving demand. As bears revel in the current downturn, bulls hold onto hope for brighter days ahead. The future trajectory of Bitcoin's price remains uncertain, but one thing is for sure โ€“ the stage is set for a fascinating showdown between market sentiments. Join us as we unravel the mysteries of Bitcoin's post-halving dynamics, and let's navigate this thrilling journey together. ๐ŸŒŸ #BitcoinVolatility #BullVsBear
Title: Deciphering Bitcoin's Post-Halving Rollercoaster: A Tale of Bears and Bulls

Witness the post-halving saga of Bitcoin's price, where the journey from $67,000 to $62,500 has sparked intrigue among traders. Despite experts estimating the average mining cost per Bitcoin at around $53,000, the recent drop suggests a complex interplay of factors.

For smaller investors, even minor price fluctuations can trigger selling pressure, underscoring the challenges of navigating volatile markets. Yet, amidst the uncertainty, one thing remains clear: Bitcoin's scarcity is an undeniable force driving demand.

As bears revel in the current downturn, bulls hold onto hope for brighter days ahead. The future trajectory of Bitcoin's price remains uncertain, but one thing is for sure โ€“ the stage is set for a fascinating showdown between market sentiments.

Join us as we unravel the mysteries of Bitcoin's post-halving dynamics, and let's navigate this thrilling journey together. ๐ŸŒŸ #BitcoinVolatility #BullVsBear
๐Ÿ“‰ Will the bulls be able to retain the $50 mark for the PI coin? Let's dive into the analysis and see what the charts are telling us. ๐Ÿ“Š๐Ÿ’ก It's been a turbulent ride for PI coin, with a selloff from the strong resistance at $100 and a subsequent fall below the $50 support zone. ๐Ÿ˜ฌ The trend is bearish, and further short additions could lead to a correction in the near future. Currently trading at $38 with an intraday gain of 4.53%, PI coin reflects bearishness on the charts, with a monthly return ratio of -27.70% and a yearly gain of 53.90%. Analysts remain neutral, suggesting that the coin may retest the demand zone of $25 soon. ๐Ÿ“‰๐Ÿ’ฐ The daily timeframe shows massive volatility, with sharp pump-and-dump activity leading to fluctuations in recent weeks. Despite a gigantic up move of over 238% in early March 2024, bulls struggled to maintain gains, resulting in an 80% slippage. However, the coin still hovers above the midline and has potential to retain the $50 mark. ๐Ÿ“ˆ๐Ÿ’ฅ Technical indicators favor the bear army, with most signals reflecting a sell sentiment. While some indicators remain neutral and a few signal a buy, overall the trend is undecided. Buyers must hold the $50 mark and sustain above the 20-day EMA to fend off bearish pressure. ๐Ÿป๐Ÿ“‰ With the PI coin trading above the 23.6% Fib retracement zone but below the mid bollinger band, seller dominance is evident. It's a critical time for investors to stay vigilant and monitor key levels to navigate the market successfully. ๐Ÿ’ผ๐Ÿ” Stay tuned for further developments and keep an eye on those crucial support and resistance levels! ๐Ÿš€๐Ÿ”ฎ #PICoin #CryptoAnalysis #BullVsBear ๐Ÿ“‰๐Ÿ‚๐Ÿป Follow | Like โค๏ธ | Quote ๐Ÿ”„ | Comment๐Ÿ™
๐Ÿ“‰ Will the bulls be able to retain the $50 mark for the PI coin? Let's dive into the analysis and see what the charts are telling us. ๐Ÿ“Š๐Ÿ’ก

It's been a turbulent ride for PI coin, with a selloff from the strong resistance at $100 and a subsequent fall below the $50 support zone. ๐Ÿ˜ฌ The trend is bearish, and further short additions could lead to a correction in the near future.

Currently trading at $38 with an intraday gain of 4.53%, PI coin reflects bearishness on the charts, with a monthly return ratio of -27.70% and a yearly gain of 53.90%. Analysts remain neutral, suggesting that the coin may retest the demand zone of $25 soon. ๐Ÿ“‰๐Ÿ’ฐ

The daily timeframe shows massive volatility, with sharp pump-and-dump activity leading to fluctuations in recent weeks. Despite a gigantic up move of over 238% in early March 2024, bulls struggled to maintain gains, resulting in an 80% slippage. However, the coin still hovers above the midline and has potential to retain the $50 mark. ๐Ÿ“ˆ๐Ÿ’ฅ

Technical indicators favor the bear army, with most signals reflecting a sell sentiment. While some indicators remain neutral and a few signal a buy, overall the trend is undecided. Buyers must hold the $50 mark and sustain above the 20-day EMA to fend off bearish pressure. ๐Ÿป๐Ÿ“‰

With the PI coin trading above the 23.6% Fib retracement zone but below the mid bollinger band, seller dominance is evident. It's a critical time for investors to stay vigilant and monitor key levels to navigate the market successfully. ๐Ÿ’ผ๐Ÿ”

Stay tuned for further developments and keep an eye on those crucial support and resistance levels! ๐Ÿš€๐Ÿ”ฎ #PICoin #CryptoAnalysis #BullVsBear ๐Ÿ“‰๐Ÿ‚๐Ÿป

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EXACTLY 4 YEARS AGO ON THIS DATE, THE CRYPTO MARKET SAW ITS BIGGEST CRASH EVERYTHING FROM BITCOIN, ETHEREUM TO OTHER ALTCOINS CRASHED 50%-70% IN A DAY I STILL REMEMBER THE FEAR AMONG THE CRYPTO HOLDERS AND THEY WERE THINKING THAT EVERYTHING WILL GO TO ZERO THOSE WHO BOUGHT ARE UP OVER 20x ON BITCOIN AND 50x-100x ON ALTCOINS #BTC #BullVsBear #HODLWisdom #HODLingToTheMoon $BTC $ETH $BNB
EXACTLY 4 YEARS AGO ON THIS DATE, THE CRYPTO MARKET SAW ITS BIGGEST CRASH

EVERYTHING FROM BITCOIN, ETHEREUM TO OTHER ALTCOINS CRASHED 50%-70% IN A DAY

I STILL REMEMBER THE FEAR AMONG THE CRYPTO HOLDERS AND THEY WERE THINKING THAT EVERYTHING WILL GO TO ZERO

THOSE WHO BOUGHT ARE UP OVER 20x ON BITCOIN AND 50x-100x ON ALTCOINS

#BTC #BullVsBear #HODLWisdom #HODLingToTheMoon $BTC $ETH $BNB
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