It looks like ETH is making an attempt to push towards ~3k coming days/next week. Alts are performing pretty decent as well, which is what you want to see for bullish continuation - An overall strong market, not just BTC, so I'm giving this a high chance.
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As I said in my BTC analyis, 61k is the level to hold for BTC for the next 2-3 days, for ETH this level would be ~2.7k.
Key level for ETH is around 3.2k (monthy open), if we see this month close above this level, it's a matter of time until we see ETH picking up momentum again heading into september.
3.6k should be a tough nut to break and we could see a higher low around ~3k before going up much higher. So ideally you want to see ETH forming higher lows from now on but once it gets back above 2.8k this would aready be my invalidation level (on a daily close that is).
Still believe ETH is primed for 5-6k+ this year but it will likely be the last leg of this bull market. Don't dare to predict when it's going to happen, but it will surely take another 2-3 months.
So as a trader you basically just let your positions ride at this point. Any entry below 2.8k is quite decent, so don't worry if you didn't catch the bottom of the flush we saw few weeks ago.
#TelegramCEO #PowellAtJacksonHole
Charges against Telegram CEO, Pavel Durov:
- Complicity â web-mastering an online platform in order to enable an illegal transaction in an organized group,
- Refusal to communicate, at the request of competent authorities, information or documents necessary for carrying out and operating interceptions allowed by law,
- Complicity â possessing pornographic images of minors,
- Complicity â distributing, offering, or making available pornographic images of minors in an organized group,
- Complicity â acquiring, transporting, possessing, offering, or selling narcotic substances,
- Complicity â offering, selling, or making available, without legitimate reason, equipment, tools, programs, or data designed for or adapted to get access to and damage the operation of an automated data processing system,
- Complicity â organized fraud,
- Criminal association with a view to committing a crime or an offense punishable by 5 or more years of imprisonment,
- Laundering of the proceeds derived from an organized groupâs offences and crimes,
- Providing cryptology services aiming to ensure confidentiality without a certified declaration,
- Providing a cryptology tool not solely ensuring authentication or integrity monitoring without prior declaration,
- Importing a cryptology tool ensuring authentication or integrity monitoring without prior declaration.
The custody period was extended until the 25th of August 2024 by an investigative magistrate and can last up to 96 hours (that being the 28th of August 2024), given the applicable procedure for organized crime offences, as referred to above.
$TON #DYOR
{spot}(TONUSDT)
đ±đđWhich dog memecoins are making their mark on the market?đžđ¶đâđŠș
1- Dogecoin (#DOGE ) Dogecoin AiDoge DOGE, the ancestor of dog coins, was launched in 2013. Inspired by the Japanese hunting dog breed called Shiba Inu, $DOGE made its investors happy especially in the 2021 bull. DOGE, which was on the lips of billionaire Elon Musk during the same period, has recently gained momentum again.
DOGE, which came to the fore with the memecoin craze, is currently trading at $ 0.1092 and has a market data of $ 15.92 billion. The trading volume in the last 24 hours is $ 490.91 million.
2- Shiba Inu ($SHIB ) #SHIB 1 is listed as one of DOGE's biggest competitors SHIB continues its own burning activities. The SHIB system, which burns regularly, pays attention to regulating the supply in circulation. The popular memecoin, which has increased by 0.22 percent in the last 24 years, is changing hands at $ 0.00001497 and is in the market for $ 8.82 billion. The trading volume in the last 24 hours is $ 8.82 billion.
3- dogwifhat ($WIF ) dogwifhat wif community #WIF , one of the relatively new dog coins, took the market by storm when it first started. The memecoin, which was chosen as a Shiba Inu dog mask wearing a knitted hat, became the favorite of those in Solana's network. So much so that WIF almost outperformed FLOKI and BONK in terms of market value. WIF, which was traded at $ 1.94 due to the writing of the news, has structures in the market for $ 1.93 billion. The trading volume in the last 24 hours is $ 289.87 million.
{spot}(DOGEUSDT)
{spot}(SHIBUSDT)
{spot}(WIFUSDT)
#memecoins
đNEUTRAL: $FIL (4H)
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Analysis:
FIL's price is currently hovering between $3.86 and $4.00, a critical support zone. If it holds strong in this range, we could see a potential bounce back and a climb towards higher levels, indicating a bullish trend.
Price Targets:
If support holds, look for targets at $4.20 and $4.40. However, if it drops below $3.86, we might see a downturn towards lower levels. Keep an eye on the key ranges!
$FIL #DYOR
{spot}(FILUSDT)
S&P 500 Index Price Analysis
The S&P 500 Index maintained its upward trajectory last week, approaching the overhead resistance level at 5,670. The daily chart shows the 20-day exponential moving average (EMA) at 5,509 starting to rise, with the relative strength index (RSI) in the positive zone, suggesting that buyers have the upper hand. A decisive break and close above 5,670 could signal the beginning of the next leg up towards 6,000.
However, bears still have a chance to regain control. They need to pull the price back below the moving averages swiftly. If they succeed, the index could consolidate between 5,119 and 5,670 for some time, creating a period of sideways movement.
#Market_Update #CryptoNewss
**Crypto Market Update: Bitcoin's Struggle and Investor Optimism**
Bitcoin (BTC) has bounced back from its August low of $49,000, but history suggests a rocky September. Data from CoinGlass shows Bitcoin typically drops 4.78% on average in September since 2013. Despite this, investors are pouring money into Bitcoin-related exchange-traded products (ETPs), with CoinShares reporting $543 million in inflows last week.
Currently, Bitcoin is stuck between $55,724 and $73,777, signaling a fierce battle between bulls and bears. A breakout above $65,000 could push BTC towards $70,000, but resistance remains strong.
In other market news, the S&P 500 is nearing its overhead resistance at 5,670, while the US Dollar Index (DXY) faces bearish pressure, dropping below crucial support at 101.
Stay tuned for more updates as the market evolves.
Price analysis 8/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
**News Flash: U.S. Prosecutors Oppose Former FTX Exec's Plea Withdrawal**
The U.S. Attorneyâs Office is pushing back against former FTX Digital Markets co-CEO Ryan Salame's attempt to void his guilty plea. Salame, who faced charges for campaign finance violations, is seeking to overturn his plea agreement, which led to a 7.5-year prison sentence.
- **Legal Battle:** Prosecutors filed their opposition on Aug. 26, with a formal response expected by Sept. 4.
- **Salame's Claim:** He argues that prosecutors implied they wouldn't investigate his partner, Michelle Bond, during plea negotiations.
- **Current Status:** Bond was indicted on Aug. 22 for campaign finance violations related to her 2022 congressional campaign.
Stay tuned for updates as this story unfolds.
đȘ Ethereum Foundation Defends $96.9M Transfer Amidst Criticism
On Aug. 23, 2024, the Ethereum Foundation made a significant transaction by transferring 35,000 ETH, valued at approximately $96.9 million based on current ether rates. The transaction sparked some criticism from the crypto community, with a few voices raising concerns about the foundationâs transparency. However, the foundationâs executive director quickly clarified that the transfer was simply a routine part of the nonprofitâs âtreasury management activities.â
#Write2Earn! #Write2Earn #write2earn
XRP Price Forms Largest Bull Flag Ever With 25x Forecast To $16
The XRP price has struggled in recent years owing to Ripple's dispute with the SEC, yet the community still supports it. Numerous positive forecasts that the cryptocurrency would rebound and restore its glory have occurred. The newest is from the 3T Warrior Trading Academy account on X, anticipating double-digit altcoin prices.
Biggest Crypto Bull Flag Ever
In the X (previously Twitter) piece, the research highlights an XRP price chart development. This 2017 triangular shape suggests a bull flag. Because of how long the pattern has been growing, the analyst thinks this may be the biggest bull flag in crypto history.
They note that this is not the first time XRP might surge significantly. In 2017, the cryptocurrency rose 60,000% from $0.006 to $3.84. Due to its enormous size, XRP may not be able to rise as far, but the analyst thinks it might rally.
When it formed, the XRP price rallied in 240 days. In the 2021 bull market, Ripple's SEC caused the altcoin's price to derail. This has caused the altcoin's price to consolidate below its all-time high for over 2,400 days. This is why formation took so long.
The altcoin's ability is attributed to the Fibonacci extension. If the Fibonacci extension hits 4.236, the analyst expects XRP to reach $16. This would enhance its value by 2,566% from $0.6.
Another Reason XRP Could Rise
The XRP price chart shows potential, but other variables might push the cryptocurrency to new highs. With Ripple ordered to pay $125 million to the SEC, the dispute is nearing its conclusion. As the regulator appeals, the market awaits the conclusion.
According to Ripple CEO Brad Garlinghouse, the litigation should finish this year. If this occurs, the XRP price might rise without regulatory monitoring securities complaints.
#MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves #XRP $XRP
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#Bitcoin - When Will Bitcoin Top Out?
Bitcoin has shown a pattern in previous cycles where it tops out several months after the halving event.
In 2013, Bitcoin pumped by over 9,500% and peaked 406 days after the halving.
In 2017, it climbed by 4,100%, reaching its peak 511 days post-halving.
In 2021, it gained 636% and topped out 546 days after the halving.
Currently, Bitcoin is still in a consolidation phase following its recent halving.
If this cycle follows a similar pattern, we could expect Bitcoin to top out between June and October 2025, about 400-550 days from now.
Even if we see just half the growth of the previous cycle, a 300% increase from current levels could push Bitcoin's price to around $200,000.