$USTC and LUNC Price Jumps
Amid this $LUNC news, #TerraLunaClassic ecosystem tokens witnessed a slight jump of 2% in the last 4 hours. The #tokens also saw a buying activity in derivatives market as futures open interests climbed more than 2% in last few hours.
#LUNCâ
price climbed nearly 2% from the 24-hour low, with the price currently trading at $0.0000858. The 24-hour low and high are $0.00008372 and $0.00008631, respectively. However, the trading volume remained low amid the pressure in the broader crypto market.
Meanwhile, #USTC price is trading at $0.01798, up 2% in the last 24 hours. The trading volume saw a 37% jump decline in the last 24 hours.
#DODOEmpowersMemeIssuance
{spot}(LUNCUSDT)
{spot}(USTCUSDT)
GHST Shows Mixed Signals as RSI Hits Overbought Territory
In recent market activity, #GHST experienced noticeable oscillations as demonstrated in the 1-hour chart. Closing prices displayed marginal volatility, with the last five values at $0.922, $0.914, $1.203, $1.206, and $1.184 respectively.
On the Exponential Moving Average (EMA) front, the 9 EMA indicates a gradual uptrend, going from $0.92 to $1.06 in the recent days. Similarly, the 20 EMA shows a steady trend upwards, moving from $0.91 to $0.99. This suggests a general bullish trend, indicating that buyers could be regaining control of the GHST price.
The Moving Average Convergence Divergence (MACD), on the other hand, provides a mixed bag of insights. The initial figures suggest a slight downward slope, but this is quickly followed by a sharp rise, denoting a strong bullish impulse. Throughout these phases, the MACD line remains above the signal line, indicating a positive momentum.
In terms of the Relative Strength Index (RSI), the latest figures range from 57.45 to 90.19, showing an overbought condition. Though the RSI peaked around 90, it started to normalize around 84, suggesting potential selling pressure in the near horizon.
As for resistance and support levels, resistance levels have not yet formed. However, key support levels to watch out for are at the $0.91, $0.896, and $0.883 marks. Given the bullish indicators, investors should consider long trades if the GHST price holds above these critical support levels, presenting favorable entry points. Conversely, should the $GHST price fall below these levels, it may trigger short-selling interests. The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(GHSTUSDT)
11/NN/SS/TT/AA đ trade_withsania
$NEIRO update
Let's take a quick update on Neiro usdt..... Should we short it or wait??
{future}(NEIROUSDT)
đEMA Cross: The 9-period Exponential Moving Average (EMA) is above the 25-period EMA, indicating a potential uptrend. However, the price has slightly pulled back after a sharp rise.
đRSI: The RSI (Relative Strength Index) is at 73.21, which is in overbought territory (above 70). This could suggest that the asset is overbought and might experience a price correction soon.
đPrice Action: The price hit a resistance at around 0.00123000 and is currently pulling back, which might signal an exhaustion of buying pressure.
đShort Entry Consideration:
Risk: Given that the RSI is overbought and the price is pulling back, it could be an opportunity for a short trade. However, with the EMAs still showing a bullish crossover, it could just be a temporary retracement in an overall uptrend.
Stop Loss: If you decide to short, a tight stop-loss above the recent high (0.00123000) might be prudent in case the uptrend resumes.
đIt's important to keep monitoring the trend for confirmation. A break below the shorter EMA (9) and more RSI divergence could strengthen the case for a short. â ïžâ ïžâ ïžAlways manage your risk!$TAO $BTC #DODOEmpowersMemeIssuance #BinanceLaunchpoolHMSTR #CATIonBinance #BTCReboundsAfterFOMC
{future}(BTCUSDT)
{future}(TAOUSDT)
đŽ Here are the most important developments:
âą A series of European data for the services and manufacturing sectors were all negative, which weakened the euro for the European session.
âą While the same data for manufacturing and services will be released in the United States at 4:45 Saudi time
âą As for tomorrow, Tuesday, the Australian interest rate decision is expected to be fixed at 4.35%, if fixed, it may support the Australian because the US Federal Reserve has reduced it.
âą As for Switzerland, the interest rate decision on Thursday is expected to decline from 1.25% to 1.00%, so if the reduction occurs, we will see a decline in the franc against currencies.
âą Because this will translate into the Swiss Central Bank following the US Federal Reserve and thus weakening the franc.
đ Finally, Jerome Powell, Chairman of the US Federal Reserve, will speak next Thursday.
đ **Karrat (KARRAT) Soars Amid Gaming Token Rally!** đź
- Karrat (KARRAT) surged over 65%, hitting its highest since Aug. 24, with a market cap now at $48M.
- This rise aligns with gains in other gaming tokens like Immutable X (+44%) and Beam (+15.7%).
- My Pet Hooligan's NFT launch boosted Karrat, with NFT sales up 88% in 24 hours.
- Crypto fear and greed index shifted to neutral (51) as the Fed cut rates, pushing Bitcoin to $64,800.
- Partnerships with Palantir and Nvidia spotlight Karrat, but token dilution remains a concern.
đŹ What are your thoughts on Karrat's future? Comment below!
DODO: A Game Changer in Decentralized Finance
DODO X is a cutting-edge decentralized trading platform backed by top institutions like Binance Labs and Pantera Capital. It's designed to provide the best trading experience with a range of innovative features.
Key Features:
1. Multi-Function Platform: DODO offers liquidity pools, cross-chain trading, autonomous mining, and easy token creation, making it flexible for all kinds of users.
2. One-Click Coin Issuance & Meme Platform: DODO simplifies the coin issuance process, especially for Meme coins, which could attract developers and help grow the Web3 community.
3. Support for BTCFi & Meme Coins: DODOâs anchor pool, coin issuance, and self-mining features help support the growth of BTCFi assets and Meme coins, providing more flexibility and liquidity.
4. Growth Potential: With a low market cap but strong institutional backing, DODO has the potential to rise quickly in the decentralized finance space.
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$DODO
đ Coinbase's cbBTC: Clearing the Air on Wrapped Bitcoin! đ
Paul Grewal, Coinbase's Chief Legal Officer, has addressed the buzz around the terms of service for their new wrapped Bitcoin product, cbBTC. Concerns were raised about Coinbase's liability in case of lost Bitcoin due to malicious activities or unforeseen events. Grewal clarified that Coinbase's responsibility is limited to the Bitcoin lost, not covering external losses from trades or leveraged positions.
Despite initial skepticism, cbBTC has quickly become the third-largest wrapped Bitcoin product, trailing only BitGo's WBTC. Brian Armstrong reassured the community that cbBTC is fully backed by Coinbase. đ
Stay tuned, BTC enthusiasts! đ