đ $LUNC Price Fails To Maintain Rally
#TerraLunaClassic price lost most of last weekâs gains. The price currently trades at $0.00008109, with a 24-hour low and high of $0.00008104 and $0.00008832, respectively. The #LUNCâ
trading volume has also decreased by 46% in the last 24 hours. The next resistance is near the $0.00009 level.
Meanwhile, #USTC price is trading at $0.01653, down 8% over the last day. The 24-hour low and high are $0.01652 and $0.018, respectively. The price is still up 3% in a week.
#DODOEmpowersMemeIssuance #CATIonBinance
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đ Hereâs How Much $LUNC Can Be Burned
As the $4.5 billion settlement in the legal case against #TerraformLabs obliges the Web3 company to seize its business, the assets in protocols such as Anchor or Mirror are bound to be burned soon. According to popular YouTuber and LUNC validator HappyCatKripto, four known wallets are tied to the Mirror protocol, which holds above 500M #tokens .
Paired with the funds on Anchor protocol, the #TerraClassic tokens waiting for the incinerator pile up to a hefty 275 billion coins, or roughly $22 million. This potentially opens doors for the most grandiose LUNC burn, with a quarter of a trillion #TerraLunaClassic tokens in one go.Â
âGetting those burns early will really provide the momentum we need,â spills out HappyCatKripto. Naturally, a burn of this magnitude would play out favorably in further coordination with Binance and other exchanges dedicated to the chainâs restoration efforts.
To achieve this, the validator urged the community to migrate Mirror and Anchor protocol contracts to a new code using a governance model similar to Risk Harbor. While both governance proposals are open for voting and discussion, the timeline of this grandiose burn has yet to be decided.
#DODOEmpowersMemeIssuance
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đš #BTCUSDT UPDATE - Potential Trend Reversal Alert!
đ Bitcoin Breakout!*đ
After hovering in a descending triangle for weeks, #Bitcoin has finally broken out! Here's what you need to know:
- The Breakout: #BTCUSDT. has pushed through the upper trendline of the triangle, signaling a potential shift from bearish to bullish sentiment.
- What's Next? We're on Retest Watch. A successful retest of the breakout level as new support could confirm the start of a bullish trend.
- Action Points for Traders:
- Watch for Retest: If #BTC dips back to the breakout level and holds, it might be your green light for entry.
- Set Alerts: Place price alerts around the breakout level to catch the retest.
- Stay Patient: False breakouts are common. Confirmation is key.
- Market Sentiment: Based on X posts, there's a mix of cautious optimism and strategic waiting. Some traders are looking for Bitcoin to reclaim higher moving averages for further bullish confirmation.
- Why This Matters: A confirmed breakout could attract more buying pressure, potentially leading to a significant price increase. Conversely, failure to hold could see us back in the triangle or even lower.
Keep your charts updated and your strategy flexible. This could be the beginning of Bitcoin's next big move or another test of traders' patience.
Stay tuned, stay informed, and trade wisely! đâš
#BTC500K
$BTC $DOGS $CATI NEIRO, ENA
Cryptocurrencies Market Sees Red
Major cryptocurrencies ($BTC, $CATI, $DOGS, NEIRO, ENA) are in a downturn, indicating a bearish market sentiment. Bitcoin ($BTC) trades at $62,600, relatively stable with a 0.99% drop. However, DOGS plunges 2.01%, entering oversold territory. CATI takes the biggest hit, down 10.80%, signaling a potential buying opportunity. Investors should exercise patience, awaiting the market's next move. A surprise reversal could be on the horizon.
#CATIonBinance
#BinanceLaunchpoolHMSTR
#Token2049
#DOGSONBINANCE
#DODOEmpowersMemeIssuance
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Dogecoin (DOGE) on Verge of Epic Breakout per This Analyst Prediction.
Dog-themed cryptocurrency Dogecoin (DOGE) may be on the verge of a major bullish breakout, according to a prediction by prominent crypto analyst Ali Martinez.
Ali, who has been closely monitoring Dogecoin's price movement in recent weeks, pointed out in a recent tweet that one of the two conditions necessary for Dogecoin to achieve a breakout has already been achieved.
In an earlier post made Sept. 19, Ali highlighted two key signals to watch as Dogecoin gears up for a bullish breakout: First, RSI breaking the descending trendline on the daily chart and second, Dogecoin surging past the $0.11 resistance.
According to Ali, a condition has been
met as the RSI has broken the
descending trendline on the daily
chart. In technical analysis, the RSI is
often used to identify overbought or
oversold conditions. A break above
the descending trend line could indicate that a change in trend could be imminent. This signal might
suggest that buyers may be gaining
control, setting the stage for further
price gains.
What's left?
While the RSI breakout is a promising sign, Ali stated that what's now left for a bullish breakout for the Dogecoin price is a clear break above the key resistance level at $0.11, which has proven to be challenging for Dogecoin in recent weeks.
As reported, Ali indicated in an earlier tweet that $0.11 stands as a critical level for a Dogecoin breakout given the enormous amount of coins held at this level.
Dogecoin surged this week following the Federal Reserve's long- anticipated rate cuts on Wednesday. Dogecoin rallied for five days in a row after beginning to increase last Tuesday. The surge encountered resistance at $0.11, indicating that this level is a significant barrier for the Dogecoin price.
A break above the $0.11 level would likely attract more buyers and could lead to a sharp upward move, pushing the price of DOGE toward new highs. In this scenario, Dogecoin might begin an up move at $0.12 and then to $0.14.
CRYPTO MARKETING UNDER SCRUTINY
Amanda Cassatt, CEO of Serotonin, a Web3 marketing firm, shared her views on crypto marketing at Token2049 in Singapore, emphasizing the need for caution.
Cassatt explained that marketing can often be used as a tool for spreading scams and urged investors to adopt a âskepticalâ mindset when evaluating projects.
She advised investors to do their own research before trusting any marketing campaigns in the crypto space, reinforcing that both seasoned and new investors should always proceed with caution.
#Write2Earn!
Will Solanaâs SAGA Phone Become A Success?
The world of blockchain technology continues to push boundaries with new innovations. #Solana (SOL), a platform renowned for its speed and low transaction fees, has recently made headlines with the announcement of the SAGA Smartphone, which is expected to launch in early 2025. This ambitious venture positions Solana to bridge the gap between blockchain technology and mobile consumerism.
The SAGA Smartphone: A Game-Changer for Solana?
Solanaâs new SAGA Smartphone represents a bold step into the future of blockchain-based devices. The smartphone, revealed at the Solana (SOL) Breakpoint 2024 Conference, is designed to integrate seamlessly with the blockchain, providing users with an easy way to manage their digital assets on the go. It boasts advanced hardware, including an integrated wallet with Seed Vault security features, a larger battery, and a user-friendly DApp store that rivals Appleâs App Store and Google Play.
This move is seen as a major step forward for Solana (SOL) as it continues to expand its ecosystem. With over 140,000 pre-orders already in place, thereâs no doubt that the SAGA phone is capturing the attention of crypto enthusiasts worldwide.
#DODOEmpowersMemeIssuance
$ARK /USDT
Spot resistance refers to the level at which a financial asset, such as a stock or commodity, encounters selling pressure, preventing it from rising further. Traders and analysts closely watch resistance levels because they indicate where an asset's upward price movement may halt or reverse. These levels often result from past price activity, where investors have chosen to sell, creating a "ceiling" that the asset struggles to break through.
Spotting resistance involves identifying areas where prices have previously peaked. This can be done using technical analysis tools like trendlines, moving averages, or chart patterns. Once a resistance level is identified, it becomes a reference point for traders. If the price breaks through resistance, it can signal a continuation of the upward trend, often referred to as a "breakout." However, if the price fails to break the resistance, it could lead to a decline as sellers take control.
In trading, understanding spot resistance is essential for making informed decisions. It helps traders set profit targets, manage risks, and gauge market sentiment. Mastering this concept allows traders to navigate volatile markets with greater confidence, potentially leading to better returns.
#DODOEmpowersMemeIssuance #CATIonBinance #BTCReboundsAfterFOMC #FOMC #BinanceLaunchpoolHMSTR
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Bitcoin (BTC) Price Plummets Today.
The world's largest cryptocurrency, Bitcoin (BTC), experienced a significant decline today.
BTC, which rose above $63,500 at midnight, experienced a decline of approximately 1.5% from this area. Although there is no definitive reason for the decline, such movements can occur on weekends, although not always, due to lack of liquidity.
On the other hand, one of the well-known names in the cryptocurrency world, il Capo of Crypto, made a statement about the situation. Describing the decline as a "typical Sunday dump," the analyst spoke about the situation after that. According to il Capo, the BTC price may go down a little more from now on, but this decline can be considered an opportunity. However, the uncertainty of the BTC price continues.
When liquidation data is examined, it is seen that there was a liquidation of $79 million in the entire cryptocurrency market in the last 24 hours. $48 million of these were observed in long positions and $30 million in short positions.