Technical Analysis Report: $BRETT/USDT
Current Price: $0.09248
Resistance: $0.09570
Support: $0.08335
Analysis: $BRETT/USDT is currently trading at $0.09248, with a slight dip of 0.75%. The price is hovering near the resistance level of $0.09570. A breakout above this resistance could signal a bullish move, with potential targets at $0.10000 and $0.10500. However, failure to break this level could lead to a pullback towards the support at $0.08335.
Traders should watch for a confirmed breakout above $0.09570 for a long trade, or consider a short trade if the price drops below $0.09000, targeting the support at $0.08335.
Long Trade: Enter above $0.09570 with targets at $0.10000 and $0.10500, and a stop loss at $0.09000.
Short Trade: Consider entering below $0.09000 with targets at $0.08500 and $0.08335, and a stop loss at $0.09570.
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Toncoin hits record high daily active addresses, but is TON a âbubbleâ? â analysis by AMBCrypto
The TON Masterchain has reached a record of 946 daily active addresses, a 7x increase since July 2021, as Kyledoops noted on X (formerly Twitter).
This growth reflected rising network activity, the expansion of dApps and work chains, and potential higher demand for Toncoin (TON).
Although some analysts suggested that the TON blockchain might be a bubble due to its low daily active user count, broader market metrics challenge this view, indicating the networkâs solid progress and potential in the long-term.
First, Toncoin has shown strong potential as a top coin to hold on the support.
The TON/USDT weekly chart revealed a reversal candle with a long tail, indicating bullish pressure, supported by growing volume in recent weeks.
Moreover, Bollinger Bands are tightening, suggesting a potential squeeze, but the best bet lies in the breakout to the upside.
On the daily time frame, Toncoin was nearing a breakout above 100 simple moving average, which has posed some resistance.
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$TON
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Meme tokens can offer several advantages:
Financial Gains: Potential for significant value increase, especially if popularity grows.Community Engagement: Strong, enthusiastic communities can drive growth and support.Social Fun: Often driven by humor and creativity, making them engaging and relatable.Accessibility: Usually easy to acquire and often affordable for new investors.Market Buzz: Can generate significant buzz and discussions in social media and trading circles.
However, they also come with risks, so always do your research and invest wisely. đđžâ
Hashtags:
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$SFP /USDT
In trading, understanding support and resistance levels is crucial for making informed decisions. These levels act as psychological barriers where the price of an asset tends to react, either reversing its direction or breaking through to new levels.
**Support** is the price level where an asset tends to find buying interest, preventing it from falling further. Traders view it as a "floor" because prices tend to bounce back up when they reach this level. Support is often formed when prices repeatedly hit the same level without dropping lower, signaling strong demand.
**Resistance**, on the other hand, is the price level where selling interest surfaces, halting the asset's upward momentum. It's considered a "ceiling" because prices often struggle to rise above it. Resistance levels form when prices hit a certain point and repeatedly fail to move higher, indicating that sellers are dominating.
When prices break through these levels, it can indicate a significant shift in market sentiment. A break above resistance may suggest the start of an uptrend, while a break below support could signal the beginning of a downtrend. Monitoring these levels helps traders identify potential entry and exit points, manage risk, and improve their overall trading strategies.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
{spot}(SFPUSDT)
đ **Bitcoin Breaks $60K Again Amid Market Recovery!** đ
- **BTC Price Surge**: Bitcoin (BTC) jumped 2% in the last 24 hours, now trading at $60,800. Daily trading volume spiked 30% to $34.8 billion, with a market cap of $1.2 trillion.
- **OTC Desk Balances**: CryptoQuant reports a 71.2% increase in BTC OTC desk balances for miners over three months, hitting 368,000 BTC. Historically, such spikes signal potential price drops.
- **Retail Accumulation**: Santiment data shows retail investors are accumulating BTC, with exchange outflows surpassing inflows.
đŹ **Thoughts on BTC's future? Share below!** đŹ
Read more: [TRON revenue hits new ATH](https://t.co/N8sTmKsaPI)
đ„đ„đ„ #Shibalnu ($SHIB ) Set for Bullish Breakout: Experts Predict Potential 6X Growth Amid Market Optimism
Shiba Inu (SHIB) Poised for Major Breakout
Bullish Sentiments & Key Resistance:
- Analysts, including Ronimus Prime, are optimistic about Shiba Inu (SHIB) potentially breaking through key resistance levels, particularly the 50 Moving Average (MA). SHIB is consolidating near critical support, with a potential surge if it surpasses these barriers.
Technical Indicators & Market Timing:
- Ronimus Prime emphasizes the importance of the 50 MA on weekly and 4-hour charts. The upcoming FOMC meeting in September could be a catalyst for SHIBâs movement, with Fibonacci retracement levels indicating a pivotal moment.
Short-Term Targets & Patterns:
- Prime targets $0.00001600 for SHIB, contingent on favorable Federal Reserve actions. Analyst Javon Marks also identifies a Falling Wedge pattern, suggesting a breakout and setting a target of $0.000081, hinting at nearly 498% growth.
Conclusion:
SHIB is at a critical juncture, with analysts predicting a bullish breakout if key resistance levels are breached. The FOMC meetingâs outcomes could significantly impact SHIB's trajectory, potentially leading to substantial gains.
Source - en.coinotag.com
#CryptoTrends2024 #BinanceSquareTalks #CryptoNewsCommunity
El Salvador's Government Workers to be Bitcoin Certifiedđ
El Salvador has embarked on an exciting initiative to certify 80,000 government workers in Bitcoin. Spearheaded by the National Bitcoin Office (ONBTC), this program seeks to improve the public sector's grasp of Bitcoin and its effective management. The training will be thorough, addressing multiple facets of Bitcoin, such as legal regulations, management techniques, and its practical use as legal tender.
This effort is part of El Salvador's larger strategy to weave Bitcoin into its economy and public administration, showcasing the nation's forward-thinking approach to cryptocurrency.
What do you think about the move?
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đ Shibarium Celebrates 1st Anniversary đ
$SHIB đ‎ïžđȘ
{spot}(SHIBUSDT)
đ *417M Transactions*: Shibarium has processed over 417 million transactions since its launch, demonstrating high user engagement and adoption. đ
đž *New Burn Portal*: A new burn portal has been introduced, allowing users to burn SHIB tokens and reduce the supply, potentially increasing the value of remaining tokens. đž
đ„ *3 Hard Forks*: Shibarium has undergone three hard forks - Delhi, Indore, and Shanghai - which have added new functionalities to the network, improving its performance and capabilities. đ„
đ° *Low Gas Fees*: Despite high activity, gas fees on Shibarium have remained relatively low, making it an attractive platform for users and developers. đ°
đ *1.8M Wallets*: Over 1.8 million wallets have been created on Shibarium, showing strong adoption and user growth. đ
đ *$12M Secured*: The Shiba Inu team has secured $12 million for Shibarium's future growth and development, ensuring continued innovation and improvement. đ
đ *Future Developments*: Shibarium's roadmap includes further upgrades, new features, and expanded use cases, solidifying its position in the crypto ecosystem. đ
The cryptocurrency market can be a tough teacher. Often, smaller investors enter the space with high hopes, only to find their investments dwindling while the wealth flows toward the larger players. In this market, it's typically the big investors who manage to secure profits, while smaller investors bear the brunt of losses.
My four years in the crypto world have taught me one crucial lesson: focus your investments on solid, proven assets like $BTC , $ETH , $SOL , and XRP. These are the pillars of the market, offering more stability compared to the countless speculative tokens that promise much but deliver little.
Instead of chasing the allure of a new presale or an obscure altcoin, consider placing your trust in Ethereum or other established assets. Your capital is likely to grow more consistently there, avoiding the pitfalls that many face when venturing into less reliable territories.
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A Beginner's Guide to Blockchain đ
What is Blockchain?
Blockchain is a decentralized, digital ledger that keeps track of transactions across a network of computers â no middleman required!
Key Features:
- Decentralized: No single point of control
- Immutable: Transactions can't be altered
- Transparent: Open for anyone to verify
- Consensus: Agreement across the network ensures accuracy
How Does it Work?
Transactions are broadcast, verified, and grouped into blocks, creating a permanent, tamper-proof record.
Why Blockchain?
- Security: Highly secure and resistant to tampering
- Trustless: No need to trust third parties
- Efficiency: Faster and more efficient processes
Real-World Applications:
- Cryptocurrencies: The backbone of Bitcoin and other digital assets
- Supply Chain Management: Track goods from origin to destination
- Smart Contracts: Automated, self-executing agreements
- Identity Verification: Secure and streamline identity checks
Getting Started:
- Learn the Basics: Start with the fundamentals
- Explore Platforms: Get hands-on experience with blockchain tech
- Join Communities: Connect with fellow enthusiasts
- Take Courses: Expand your knowledge with structured learning
Ready to dive into the world of blockchain? VOTE for me today and start your journey! đ
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Donald Trumpâs pro-crypto campaign promises may hit a wall if he's elected in November, warns Professor Tonya Evans, a digital assets expert. đ§
Trump has boldly vowed to fire SEC Chair Gary Gensler on his first day in office â but according to Evans, this could be a âliteral impossibility.â The official process to remove an SEC chair could drag on for months, even years! âł
On the flip side, Democrats are making moves too. During a recent Crypto4Harris town hall, where industry leaders rallied behind the Democrats, Senate Majority Leader Chuck Schumer hinted that Congress might pass crypto legislation by the end of this year. đïž
While Kamala Harris has yet to clarify her stance on digital assets, itâs worth noting that crypto didnât make the cut in the 92-page agenda released before the Democratic National Convention. đ€
The crypto landscape is heating up, and the upcoming elections could shape the future of digital assets in ways we can't fully predict. Stay tuned and keep your eyes on the market!
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