🚀🚀🚀 #shibaInu Holds Strong Above 50-Day Average: A Bullish Signal for Investors!

Shiba Inu ($SHIB ) has demonstrated strong market resilience by consistently staying above the 50-day EMA, instilling investor confidence and signaling market strength. This key support level is crucial in maintaining current price levels and propelling them forward.

A notable development in the Shiba Inu market is the formation of an ascending channel, indicating a potential consolidation phase before a breakout. This pattern, coupled with the reinforcement from the 50-day EMA, enhances the bullish sentiment for SHIB.

Despite some price fluctuations within this channel, indicators suggest Shiba Inu might be poised for significant upward movement if current conditions continue. The consistent trading volume supporting the current price action further strengthens this trend.

The Relative Strength Index (RSI) is currently at 50.98, suggesting there is room for price growth before encountering major resistance. CoinCodex predicts a substantial surge of 229.62% for SHIB, projecting it to reach $0.00008101 by June 23, 2024. The overall market sentiment remains neutral, with the Fear & Greed Index reflecting a score of 74 (Greed).

#CryptoTrends2024 #BinanceSquareTalks #cryptocurrency

We asked #chatgpt -4o what will be $ETH price when first #EthereumETF is listed; Here’s what it said

While Ethereum (ETH) has performed well in the 2024 cryptocurrency bull market, it has struggled to reclaim its all-time highs (ATH), unlike many other coins, including Bitcoin ($BTC ).

Currently priced at $3,660.17 with a 65.58% year-to-date (YTD) rise, Ethereum has faced strong resistance around $3,800 and failed to sustain a valuation above it despite multiple attempts.
However, the approval of spot exchange-traded funds (ETFs) announced on May 23 is expected to bring a new wave of institutional and retail investors to Ethereum, potentially changing its trajectory.

Consulting ChatGPT-4o, Finbold predicts Ethereum's price could skyrocket to $4,750 once the first ETH ETFs are listed. This optimistic outlook factors in the expected influx of investors and improved market sentiment towards Ethereum post-ETF approval.

ChatGPT also considers other ETH-specific factors, such as market dynamics following the 'merge,' in arriving at the $4,750 price target.

However, ChatGPT acknowledges that this prediction is not the only possible outcome. If ETH ETFs lead to greater inflows than anticipated and ETH maintains a price above $4,000, the cryptocurrency could surge even higher to $5,000.

Conversely, if excessive profit-taking occurs post-listing, similar to the BTC ETF approval in January, Ethereum's price might experience a temporary dip.

Source - finbold.com

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💥💥💥 #Ethereum Pectra Upgrade Expected to Launch in Q1 2025

Key Points:

- Ethereum is set to launch the Pectra upgrade by the first quarter of 2025, integrating EOF, PeerDAS, and EIP-7702 to bolster performance and effectiveness.

- Pectra introduces novel opcodes, enhancing staking efficiency and expediting cryptographic operations.

- This upgrade will revise the deposit and withdrawal procedures while regulating capital requirements for validators.

- Ethereum's core developers are gearing up for the launch of Pectra, the forthcoming major upgrade aimed at advancing the blockchain network's capabilities.

Ethereum Pectra Upgrade Targeted for Q1 2025

- The Ethereum Pectra upgrade is poised to bring forth significant improvements and innovations, driving the progress and efficacy of Ethereum.

- Pectra will encompass several Ethereum Improvement Proposals (EIPs), including EOF, PeerDAS, and EIP-7702. EOF comprises around 11 EIPs, introducing an opt-in container for EVM code to bolster performance and efficiency. PeerDAS aims to enable decentralized peer-to-peer interactions on the network.

- EIP-7702, proposed by Ethereum co-founder #VitalikButerin , is slated to replace the older account abstraction EIP-3074, enhancing network functionality and performance. The upgrade might postpone the implementation of Verkle Trees to a subsequent hard fork named Osaka.

Validator Adjustments and Enhanced #Staking Efficiency with Pectra

- Pectra combines Prague and Electra upgrades, targeting different layers of Ethereum: Prague updates the execution layer enforcing protocol rules, while Electra enhances the consensus layer for block validation. This comprehensive approach underscores Ethereum's dedication to continuous improvement and innovation.

- The Ethereum Pectra upgrade will introduce new opcodes, enhance staking efficiency, and expedite cryptographic operations. It will also incorporate EIPs related to deposit and withdrawal processes, potentially streamlining operations and enhancing efficiency for validators.

Source - coincu.com

#CryptoTrends2024

🚀🚀🚀 #Celsius (CEL) price up 145% as sentiments improve on amplified #whale actions 

Celsius (CEL) led the crypto gainers with a remarkable surge over the past day, jumping nearly 145% to hover at $1.30 at the time of writing.

Celsius’ 145% Surge

- Celsius outperformed the broader #CryptoMarket , which was showing signs of recovery. This surge was fueled by massive trading volumes and heightened whale activity. Celsius saw its trading volume soar 1,300% in the past day, reaching $10.35 million.

- This impressive daily performance outpaced top digital assets like Bitcoin and Ethereum, which saw gains of 1.55% and 0.21%, respectively.

Community Reacts to CEL’s Surge

- The 30-day inflows for Celsius indicate an upward trend, but the sudden 140% upswing in a single day caught many by surprise. Some market participants have labeled CEL’s explosive rise as a pump-and-dump move. Such sudden surges in the crypto world often lead to sharp declines.

- Additionally, it appears that a single whale may be behind CEL’s current movements, making the altcoin susceptible to significant fluctuations.

- It remains to be seen whether Celsius will maintain its current highs.

Source - invezz.com

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🚀🚀🚀 #Celsius (CEL) price up 145% as sentiments improve on amplified #whale actions 
Celsius (CEL) led the crypto gainers with a remarkable surge over the past day, jumping nearly 145% to hover at $1.30 at the time of writing.
Celsius’ 145% Surge
- Celsius outperformed the broader #CryptoMarket , which was showing signs of recovery. This surge was fueled by massive trading volumes and heightened whale activity. Celsius saw its trading volume soar 1,300% in the past day, reaching $10.35 million.
- This impressive daily performance outpaced top digital assets like Bitcoin and Ethereum, which saw gains of 1.55% and 0.21%, respectively.
Community Reacts to CEL’s Surge
- The 30-day inflows for Celsius indicate an upward trend, but the sudden 140% upswing in a single day caught many by surprise. Some market participants have labeled CEL’s explosive rise as a pump-and-dump move. Such sudden surges in the crypto world often lead to sharp declines.
- Additionally, it appears that a single whale may be behind CEL’s current movements, making the altcoin susceptible to significant fluctuations.
- It remains to be seen whether Celsius will maintain its current highs.
Source - invezz.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥 BREAKING: #Ethereum✅ spot #ETFs approved by SEC

The US Securities and Exchange Commission (SEC) has approved the accelerated launch of spot Ethereum ETFs, according to Phoenix News.

Ethereum ETFs now face a weeks-long process to finalize S-1 registration statements, a required form for listing securities, and to establish exchange agreements through multiple rounds of SEC communication.

This move is anticipated to bring significant institutional capital into the Ethereum market. Geoff Kendrick, Head of Digital Assets Research at Standard Chartered, predicts inflows of $15 to $45 billion in the first year.

To address SEC concerns, potential spot ETH ETF issuers—including Fidelity, Franklin Templeton, Ark, Invesco, Grayscale, Bitwise, and VanEck—have updated their filings to confirm they will not stake ETH for yield.

Earlier this week, Bloomberg analysts Eric Balchunas and James Seyffart increased the likelihood of a spot Ethereum ETF being approved this month from 25% to 75%.

The approval of Ethereum ETFs and the passage of the FIT21 crypto bill indicate a shift in the Biden Administration’s stance on crypto, following former President Trump's pledge to support the industry and create a business-friendly environment in the US.

This approval comes just five months after the SEC approved 11 spot #BitcoinETFs , marking a significant regulatory shift for crypto in the US.

Source - cryptobriefing.com 

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🔥🔥🔥 Chainlink ($LINK ) Primed for Another Surge: Major Rally on the Horizon?

Chainlink's (LINK) price is showing bullish momentum above $16.50 and could continue to rise if it clears the $17.50 resistance zone.

#Chainlink Price Eyes Additional Upsides

- Chainlink's price is indicating bullish signs and potential gains above $17.00 against the US dollar. Currently, the price is trading above the $16.50 level and the 100-hourly simple moving average. Notably, there was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data source from Kraken). This suggests that if the price clears the $17.50 resistance zone, it could start another upward move.

Recent Price Movement

- Recently, Chainlink has maintained a positive trend above $15.00, similar to #bitcoin and #Ethereum . The price rose above $16.50 and $17.00, reaching a high of $17.45 before correcting downward to $15.34. It then rebounded above $16.50, surpassing the 50% Fib retracement level of the drop from $17.45 to $15.34.

Technical Analysis

- Chainlink broke above a key bearish trend line at $16.50 and is now trading above this level and the 100 SMA (4 hours). Immediate resistance is at $16.90, with major resistance at $17.50. A clear break above $17.50 could lead to a steady increase toward $18.20, with further resistance at $18.80 and potentially testing $20.00.

Potential Decline

- If Chainlink's price fails to surpass the $17.50 resistance level, it might face a fresh decline. Initial support on the downside is near the $16.65 level. The next major support is at $16.20, below which the price might test the $15.50 level. Further losses could push LINK toward the $15.00 level in the near term.

Technical Indicators

- Hourly MACD: The MACD for LINK/USD is gaining momentum in the bullish zone.

- Hourly RSI: The RSI for LINK/USD is now above the 50 level.

- Major Support Levels: $16.65 and $16.20.

- Major Resistance Levels: $17.00 and $17.50.

Source - newsbtc.com

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🔥🔥🔥 #bitcoin dominance risks breaking 18-month uptrend on Ether #ETF✅ launch

Traders anticipate Ethereum ETFs could trigger a fresh "altseason," as Bitcoin loses market dominance post two-year highs.

Bitcoin (BTC) fell to $67,365 and Ether (ETH) to $3,685, down 3.5% on May 24, following underwhelming market response to the approval of spot Ether exchange-traded funds (ETFs) by U.S. regulators.

Despite this significant milestone for the crypto industry, both BTC and ETH showed muted reactions, hovering near $67,000 and $3,670 respectively. The ETFs, while approved, were not immediately ready for trading, with analysts suggesting preparations could delay the launch for several weeks, possibly until mid-June.

Market observers focused on the interplay between the top two cryptocurrencies. Traders like Daan Crypto Trades noted the potential for Bitcoin's market share to face challenges once Ethereum ETFs are launched, potentially reversing the dominance trend that had been in place for about 1.5 years.
The possibility of a broader "altseason" was also discussed among traders, as Bitcoin dominance had peaked at 57% in mid-April, just before its block subsidy halving, marking the highest levels in over two years.

In terms of technical analysis, traders like Skew identified a key support zone around $66,000 for Bitcoin, where bid liquidity on major exchanges like Binance was concentrated. The reaction of BTC's price in this area would provide insights into the absorption of selling pressure, with spot supply remaining high between $72,000 and $76,000.

Notably, the recent price surge in Bitcoin had been driven by spot exchanges, particularly platforms like #Binance and Coinbase, as highlighted by market analysis.

Source - cointelegraph.com

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💥💥💥 #Bitcoin’s Network Strengthens: Mining Difficulty And Hash Rate Spike Amid $ETH ETF Buzz

Bitcoin's mining difficulty has risen by nearly 2%, reaching over 84.4 trillion, as the network’s hash rate surged past 600 EH/s. This comes amid speculation about potential approval of spot Ethereum ETFs in the U.S. Mining difficulty adjusts every 2,016 blocks (approximately every two weeks) to maintain a 10-minute interval between blocks, ensuring network stability and security.

Recent Shifts in Bitcoin Mining

- This adjustment follows a nearly 6% drop in difficulty earlier this month, the largest since December 2022. The hash rate's rebound from 580-590 EH/s to over 600 EH/s corresponds with a broader market rally driven by regulatory expectations for Ethereum products.

- Bitcoin’s mining difficulty mechanism self-regulates new block production, increasing difficulty as more miners join and decreasing it when fewer participate, ensuring a steady introduction of new BTC. The recent difficulty increase coincides with a slight recovery in Bitcoin’s hash price, which had reached an all-time low in April. The hash price, measuring expected earnings per unit of hash rate daily, has rebounded from less than $50 per PH/s per day to around $54.6, providing minor relief to miners.

Bitcoin’s Price Movements and Outlook

- Bitcoin’s price has dipped 2% in the last 24 hours but remains up 3.9% for the week, trading at $68,132. The market is watching for the US SEC’s decision on spot Ethereum ETFs, which could impact the entire crypto market. Analyst BitQuant predicts Bitcoin could reach $95,000, with a rise to $80,000 expected in May, followed by a sharp decline in June, while maintaining the overall timeline for this peak remains unchanged.

Source - newsbtc.com

#CryptoTrends2024 #cryptocurrency #BinanceSquareBTC

### Chainlink ($LINK ) Primed for Another Surge: Major Rally on the Horizon?

Chainlink's (LINK) price is showing bullish momentum above $16.50 and could rise further if it clears the $17.50 resistance zone.

#### Chainlink Price Eyes Additional Upsides

- **Bullish Signs**: Chainlink's price is displaying bullish signs and potential gains above $17.00 against the US dollar. Currently, the price is trading above $16.50 and the 100-hourly simple moving average.
- **Technical Breakthrough**: There was a break above a key bearish trend line with resistance near $16.50 on the hourly chart of the LINK/USD pair (data from Kraken). This indicates that if the price clears the $17.50 resistance, it could initiate another upward move.

#### Recent Price Movement

- **Positive Trend**: Chainlink has been trending positively above $15.00, similar to Bitcoin and Ethereum. The price rose above $16.50 and $17.00, reaching a high of $17.45 before correcting down to $15.34. It then rebounded above $16.50, surpassing the 50% Fib retracement level from the drop of $17.45 to $15.34.

#### Technical Analysis

- **Key Levels**: Chainlink broke above a key bearish trend line at $16.50 and is now trading above this level and the 100 SMA (4 hours). Immediate resistance is at $16.90, with major resistance at $17.50. A clear break above $17.50 could lead to a steady increase toward $18.20, with further resistance at $18.80 and potentially testing $20.00.
- **Potential Decline**: If Chainlink's price fails to surpass the $17.50 resistance level, it might face a decline. Initial support on the downside is near the $16.65 level, with the next major support at $16.20. A drop below this could test the $15.50 level. Further losses might push LINK toward the $15.00 level in the near term.

#### Technical Indicators

- **MACD**: The MACD for LINK/USD is gaining momentum in the bullish zone.
- **RSI**: The RSI for LINK/USD is now above the 50 level.
- **Support Levels**: $16.65 and $16.20.
- **Resistance Levels**: $17.00 and $17.50.

(Source: newsbtc.com)

#CryptoTrends2024 #BinanceSquareTalks

#Ethereum #Whales 🐳🐳🐳 Come Alive: Are They Buying Or Selling?

Recent on-chain data indicates a surge in activity among Ethereum whales, signaling significant movements in the market. According to IntoTheBlock, the number of large transactions, valued at over $100,000, has sharply increased, suggesting heightened engagement from these influential investors. This uptick coincides with speculation surrounding the potential approval of ETH spot exchange-traded funds (ETFs), leading to a rapid rise in Ethereum's price to around $3,800.

Given the scale of these transactions, which are typically associated with whale entities, their collective actions could potentially impact market dynamics, resulting in increased volatility for ETH. However, whether this volatility leads to buying or selling depends on the whales' actions. Analysis of Large Holders' netflow data indicates a trend towards accumulation, suggesting that recent whale activity has involved net-buying.

The continuation of this trend among large entities could potentially contribute to further market momentum in the days ahead. As of now, Ethereum is trading around $3,750, reflecting a notable increase of over 26% in the past week.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks $ETH

💥💥💥 #whale 🐳🐳🐳 Watch: Major Bitcoin Holders Snap Up $1.34 Billion Amid Price Dip

In the dynamic #cryptocurrency market, Bitcoin has recently dropped from its March peak of over $73,000, settling around $68,231—a 7.3% decline. Amid this downturn, Bitcoin whales—large-scale holders—have been actively accumulating more Bitcoin. Crypto analyst Ali Martinez noted that these whales acquired approximately 20,000 BTC when the price dipped below $67,000, indicating their strategic optimism and belief in Bitcoin's enduring value despite short-term volatility.

Bitcoin whales' recent purchases, totaling around $1.34 billion, often signal bullish market sentiment. This buying spree coincides with significant regulatory developments, including the SEC's approval of Ethereum spot ETFs following #BitcoinETFs . Despite Ethereum's regulatory progress, analysts are skeptical about its demand compared to Bitcoin.

Whale movements typically precede market shifts, potentially stabilizing prices or setting the stage for future increases by absorbing significant amounts of Bitcoin during dips. Their actions can mitigate selling pressure and instill confidence in other investors.

The interaction between Bitcoin and Ethereum markets, especially with new ETFs, highlights Bitcoin's dominance and perceived safety among institutional investors. Whale strategies will be crucial indicators of market health and investor sentiment as the market continues to mature and respond to broader economic signals.

In summary, Bitcoin whales' recent activities reflect current market dynamics and influence future trends, providing insights into potential price directions in the coming months.

Source - blockchainreporter.net

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🔥🔥🔥 #BlackRock Ready to Overtake #grayscale Amid Eight Days of #BitcoinETF Inflows

Institutional Investors Intensify Focus on Bitcoin ETFs Amid Ethereum ETF Anticipation

As the crypto community eagerly awaits the approval of spot Ethereum ETFs, institutional investors are increasingly focusing on Bitcoin ETFs. U.S. spot Bitcoin ETFs have seen outflows for eight consecutive days as of Wednesday, May 22.

BlackRock Poised to Surpass Grayscale

- On May 22, the net inflow for Bitcoin spot ETFs reached $154 million, marking an eight-day streak of net inflows, according to data from Farside Investors. However, Grayscale's GBTC experienced an outflow of $16.0914 million, while BlackRock's IBIT saw a significant single-day inflow of $91.9527 million. Additionally, Fidelity's FBTC recorded an inflow of $74.572 million on the same day.

- This trend positions BlackRock to potentially overtake Grayscale as the largest Bitcoin ETF by assets under management. Bitcoin ETFs have collectively accumulated over 850,000 Bitcoins, with global ETFs approaching the 1 million BTC mark.

Growing Global Demand for Bitcoin ETFs

- On Wednesday, May 22, WisdomTree, a prominent global asset manager, achieved a significant milestone in cryptocurrency investment. The company received authorization from the U.K. Financial Conduct Authority (FCA) to introduce Exchange-Traded Products (ETPs) for Bitcoin and Ethereum on the London Stock Exchange (LSE).

- Bloomberg strategist Eric Balchunas highlighted that only physically backed Bitcoin ETFs are permitted, with two from WisdomTree set to begin trading. Despite a retail ban remaining in effect, this move underscores the regulatory complexities surrounding these investment products.

Market Outlook

- According to Glassnode analytics, the Bitcoin market has been cooling off after months of significant distribution pressure. Despite modest capital inflows, the decrease in selling activity & reduced volatility suggest a potential for a significant market shift in the near future.

Source - coingape.com

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💥💥💥 PEPE's 175% Rally Continues, Will It Reach 200%? #bitcoin (BTC) Loses $70,000 Again, For How Long? Is #Solana⁩ (SOL) Entering Correction?

PEPE's Recent Surge

- $PEPE has experienced a significant recovery after initial momentum issues in early 2024 due to questionable holder composition. Recently, it surged by 175%, likely due to improved trader and investor sentiment, breaking multiple resistance levels. The 50-day moving average crossing above the 200-day moving average ("golden cross") and high trading volumes support this bullish trend. Although an RSI of 72 indicates overbought conditions and potential short-term pullback, the long-term outlook remains positive.

Bitcoin's Struggle Around $70,000

- Bitcoin recently hit $70,000 but is now around $69,700. Optimism for a rebound is supported by strong on-chain metrics: 97% of BTC holders are profitable, and whales hold 11% of BTC, reducing sell-off risks. High transaction volumes, with significant trades exceeding $100K totaling $93.77 billion, and balanced exchange inflows/outflows at around $9.7 billion indicate investor confidence. Market sentiment is generally optimistic, bolstered by potential ETF approvals and growing investor interest, which could help BTC surpass $70,000 again.

Solana at $180

- Solana has reached $180, showing strong performance and boosting profitability. However, technical indicators suggest a possible correction phase, with RSI nearing overbought territory and a key resistance level being hit. Historically, Solana faces sharp corrections after significant rallies. Despite strong fundamentals and ecosystem growth, it remains vulnerable to short-term market corrections, especially if major #cryptocurrencies decline. The interconnected nature of the crypto market means a decline in leading assets could exert downward pressure on Solana as well.

Source - u.today

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🚀🚀🚀 #Polkadot Price Sets Sights on New Highs: $DOT Bullish Momentum Building

Polkadot (DOT) Consolidates Gains, Eyeing $7.70 Resistance

- Polkadot (DOT) is holding steady above the $7.40 zone against the US Dollar, consolidating its recent gains. The price may see another increase if it breaks through the $7.70 resistance level.

Key Points:

- DOT gained momentum, testing the $7.70 resistance against the US Dollar.

- The price is trading above the $7.20 zone and the 100-hourly simple moving average.

- A key bullish trend line with support at $7.40 is forming on the hourly chart of the DOT/USD pair (data source: Kraken).

- The pair could continue to rise if it remains above the $7.20 support.

Polkadot Price Analysis:

- After establishing a base above $6.80, DOT's price initiated a steady climb, breaking through multiple barriers near $7.20 and peaking above $7.65. It reached a high of $7.69 and is now consolidating gains, similar to #Ethereum and #bitcoin .

- DOT fell below the $7.50 support, dipping under the 23.6% Fib retracement level from $6.91 to $7.69. It is now trading above $7.20 and the 100 SMA (4 hours), with support at $7.40 on the hourly chart. Immediate resistance is at $7.70, with the next major resistance at $7.80. A break above $7.80 could trigger a rally to $8.20, with further resistance at $8.50.

Potential Downside:

- If DOT fails to surpass the $7.70 resistance, it might continue to decline. The first key support is near $7.40 and the trend line, with additional support around $7.30, the 100 SMA (4 hours), and the 50% Fib retracement level of the move from $6.91 to $7.69. A drop below these levels could see the price fall to $7.00, $6.90, or even $6.80.

Technical Indicators:

- Hourly MACD: The MACD for DOT/USD is gaining momentum in the bullish zone.

- Hourly RSI: The RSI for DOT/USD is above the 50 level.

- Support Levels: $7.40, $7.30, $7.10

- Resistance Levels: $7.70, $7.80, $8.20

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks

**Dogecoin Bulls On The Rise: Analysts Highlight Path To $0.2**

**Introduction:**
Dogecoin ($DOGE ), the meme-inspired cryptocurrency, is showing signs of a significant bullish breakout, as noted by prominent crypto analysts. With surging interest and positive price performance, DOGE is poised for potential upward movement.

**Surging Interest and Strong Upside Signals:**
- Open interest in DOGE has increased by 23% over the past day, reaching $1 billion, indicating growing market activity and potential price appreciation.
- Overall open interest volume has surged by 200%, approaching $4 billion, signaling increased participation from new investors or expanded positions from existing ones.
- Analysts identify a symmetrical triangle pattern in DOGE's price movements, suggesting continued upward momentum.

**Shiba Inu's Burn Rate Increases Amid Price Lull:**
- Despite recent price stagnation, Shiba Inu ($SHIB) experiences an increase in its burn rate, reflecting investor optimism and strategic efforts to reduce supply, potentially boosting prices.

**Key Resistance Levels for Dogecoin:**
- Dogecoin displays bullish behavior with immediate resistance near $0.15950, having already surpassed this level.
- Next resistance points are identified at $0.16980 and $0.18440, indicating potential upward momentum.

**Conclusion:**
As Dogecoin shows signs of a bullish breakout, analysts project a path towards $0.2, supported by increasing interest and positive price indicators. Investors are closely monitoring key resistance levels as DOGE continues its upward trajectory.

**Source:**
newsbtc.com
#CryptoTrends2024 #BinanceSquareTalks

#Ethereum #Whales 🐳🐳🐳 Come Alive: Are They Buying Or Selling?

Recent on-chain data indicates a surge in activity among Ethereum whales, signaling significant movements in the market. According to IntoTheBlock, the number of large transactions, valued at over $100,000, has sharply increased, suggesting heightened engagement from these influential investors. This uptick coincides with speculation surrounding the potential approval of ETH spot exchange-traded funds (ETFs), leading to a rapid rise in Ethereum's price to around $3,800.

Given the scale of these transactions, which are typically associated with whale entities, their collective actions could potentially impact market dynamics, resulting in increased volatility for ETH. However, whether this volatility leads to buying or selling depends on the whales' actions. Analysis of Large Holders' netflow data indicates a trend towards accumulation, suggesting that recent whale activity has involved net-buying.

The continuation of this trend among large entities could potentially contribute to further market momentum in the days ahead. As of now, Ethereum is trading around $3,750, reflecting a notable increase of over 26% in the past week.
#CryptoTrends2024 #BinanceSquareTalks $ETH

💥💥💥 #shibaInu #Whales 🐳🐳🐳 Scoop up 5.58 Trillion $SHIB in Single Day

Shiba Inu (SHIB) Whales Intensify Accumulation, Signaling Potential Growth

- Shiba Inu (SHIB) whales have significantly increased their accumulation of the #cryptocurrency . Data from the crypto analytics platform IntoTheBlock shows that large whale transactions accounted for 73.72% of all SHIB transactions within a 24-hour period. In this timeframe, 327 large transactions were recorded, setting SHIB on a promising growth trajectory.

Whale Activity and Market Impact

- In terms of volume, Shiba Inu whales acquired a total of 5.58 trillion SHIB in 24 hours, valued at $145.48 million. This substantial activity places Shiba Inu among the most traded tokens by whales this week. Whale transactions, defined as those worth at least $100,000, highlight the growing attractiveness of SHIB. The massive acquisition of over 5.5 trillion tokens is expected to create a supply crunch, potentially supporting the recent bull rally.

Current Market Performance and Challenges

- Despite these positive signals, the overall Shiba Inu protocol faces challenges. After a 10% surge in a single day, surpassing the 50-day EMA, SHIB's price struggled to maintain its momentum. As of now, Shiba Inu is priced at $0.00002612, up 2.72% in the past 24 hours. The token is striving to break above its current price range and approach the $0.00007 mark, supported by an aggressive burn rate and Shibarium transaction growth.

Future Outlook

- Shiba Inu's recent activities suggest it is moving in tandem with the broader market, albeit at a slower pace. However, expectations remain high for a long-term breakout. The token's growth efforts, coupled with the deflationary measures and whale accumulation, position SHIB for potential upward movement in the market.

Source - u.today

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💥💥💥 #Dogecoin‬⁩ Bulls On The Rise: Analyst Highlight Path To $0.2

Dogecoin ($DOGE ) Poised for Potential Bullish Breakout

- Dogecoin (DOGE), the popular meme-inspired #cryptocurrency , is exhibiting signs of a significant bullish breakout. Prominent crypto analyst Ali has identified that DOGE is approaching a crucial resistance level, with market indicators suggesting potential upward movement.

Surging Interest and Strong Upside Signals

- DOGE's positive price performance is highlighted by a 23% increase in open interest over the past day, reaching $1 billion, according to Coinglass. Overall, the open interest volume has surged by 200%, now approaching $4 billion. This increase indicates that new market participants are entering or existing positions are expanding, signaling strengthening market activity and supporting the ongoing price rise.

- Supporting Ali’s analysis, another analyst from Crypto Daily Trade Signals has identified a symmetrical triangle pattern in DOGE’s price movements, suggesting continued upward momentum.

Shiba Inu's Burn Rate Increases Amid Price Lull

- Despite a recent price lull, Shiba Inu's ($SHIB ) burn rate has increased, possibly indicating that investors are preparing for a significant rally. This burn rate increase reflects investor optimism and a strategic effort to reduce supply, potentially boosting prices.

Key Resistance Levels for Dogecoin

- According to the analysis, Dogecoin is displaying bullish behavior with immediate resistance near $0.15950. Having already surpassed this level, the next resistance points are at $0.16980 and $0.18440.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks

$ADA Price Underperforms: Can #cardano Catch Up with Other #altcoins ?

Cardano (ADA) is struggling to surpass the $0.500 resistance zone, needing to stay above $0.480 support to initiate an upward move.

Key Points:

- ADA faces difficulty gaining momentum above $0.50.

- Trading above $0.480 and the 100-hourly simple moving average.

- A key bullish trend line with support near $0.480 is forming on the hourly ADA/USD chart.

- Potential bullish momentum if ADA closes above $0.500.

Price Analysis:

- Cardano has attempted to recover from the $0.4620 zone but has lagged behind Bitcoin and Ethereum. The price surpassed $0.4750 and $0.480 levels but couldn't maintain momentum, peaking at $0.510 before correcting down to below $0.4980. Currently, ADA trades above $0.480 and the 100-hourly SMA, with a key support trend line near $0.480.

Resistance Levels:

- Immediate resistance: $0.4980.Major resistances: $0.510 and $0.5250.

- A close above $0.5250 could trigger a rally towards $0.5450 and possibly $0.5650.

Support Levels:

- If ADA fails to break $0.4980, it may decline. Support levels are $0.485, $0.480, and $0.4620. Breaking below $0.480 could test $0.4620, with major support at $0.450.

Technical Indicators:

- Hourly MACD: Bearish momentum.

- Hourly RSI: Below 50.

- Major Support Levels: $0.4850, $0.4800, $0.4620.

- Major Resistance Levels: $0.4980, $0.5100, $0.5250.

For ADA to continue its upward trend, it must hold critical support levels and break through key resistances.

Source - newsbtc.com

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