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Steven Walgenbach
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The lead developer for
#SHIB
reveals global domination and token burn plan!
#Shibarium
#SHIBburn
#memecoins
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$BONK Price Holds Ground as Indicators Show Recovery Signs #BONK has exhibited resilience on the 1-hour chart, with prices attempting to climb despite bearish undercurrents. The 9 EMA remains below the 20 EMA, hinting at lingering selling pressure. However, the MACD histogram’s gradual rise signals a possible shift in momentum favoring buyers. The RSI’s movement toward neutral levels further reflects a tug-of-war between bulls and bears. Resistance at $0.00003605 represents the first significant hurdle, with higher targets at $0.00003841 and $0.00004235. On the downside, $0.00003274 provides the nearest support. A breach here could open the way for extended losses. For bullish positions, entering near $0.00003524 with a stop loss below $0.00003274 may be ideal, targeting $0.00003605. For bearish traders, a short entry on a rejection at $0.00003605 or a break below $0.00003274 could yield returns, with an exit around $0.00003200. #Memecoins #BONKUSDT
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$DOGE Traders Watch for Breakout From Tight Range #DOGE is currently trading within a tight consolidation range, reflecting a lack of directional conviction among traders. The alignment of the 9 EMA beneath the 20 EMA suggests short-term bearish pressure, but the narrowing gap indicates that momentum could shift with a decisive breakout. The MACD histogram remains slightly positive, indicating subtle bullish divergence despite bearish positioning. RSI levels show DOGE approaching neutral zones, suggesting balanced momentum that could tip either way depending on market catalysts. Immediate resistance stands at $0.39268, with further hurdles at $0.39392 and $0.39757. On the downside, support lies at $0.39022 and extends to $0.38714. Breaching these levels could exacerbate selling pressure toward $0.38282. For long trades, entering near $0.39022 with a stop loss below $0.38714 could be prudent, targeting $0.39268 and $0.39392. Short traders may look to capitalize on a break below $0.38714, aiming for lower levels around $0.38282. #Dogecoin #Memecoins #tredingInvestments
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$XRP Technical Indicators Signal a Critical Turning Point #XRP has shown subtle but promising signs of recovery on the 1-hour chart, with a series of higher closing prices suggesting upward momentum. The interplay between the 9 EMA and the 20 EMA reflects a short-term bullish sentiment, with the faster-moving average gradually diverging upward from the slower one. This dynamic signals increasing market confidence, yet the price must sustain levels above the key support at $2.2646 to maintain its trajectory. The MACD indicator supports a mildly bullish outlook, with its histogram staying in positive territory, albeit narrowing. This hints at waning bullish momentum, which traders should watch for potential reversals. Meanwhile, the RSI indicates market neutrality, hovering around mid-levels without signaling overbought or oversold conditions. Immediate resistance lies at $2.3634, followed by $2.3709. A decisive break above these levels could open the doors to $2.4298. On the downside, $2.2492 serves as the first line of defense, followed by $2.2446. A drop below these levels may invalidate the current bullish bias, potentially pushing XRP into bearish territory. For bullish traders, an entry near $2.2646 with a stop loss slightly below $2.2492 may offer a favorable risk-to-reward ratio, targeting the resistance at $2.3634 and $2.3709. Conversely, bearish traders could wait for a break below $2.2446 to enter short positions, aiming for further downside toward $2.2200. #Ripple #TrendingInvestments
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$SUI Eyes Recovery: Can Bulls Break Above $4.2291? #SUI demonstrates a consolidative structure, oscillating within well-defined support and resistance levels. Resistance is observed at $4.2291, $4.2522, and $4.3275, with support at $4.2213, $4.1812, and $4.158. The RSI remains near neutral but has shown a mild uptick, suggesting a tentative recovery in bullish momentum. However, it is not yet robust enough to indicate a decisive trend shift. Traders should wait for further confirmation from other indicators before committing to directional trades. The MACD histogram is in slightly bullish territory, signaling weakening bearish pressure. A continuation of this trend could lead to a MACD crossover, which would strengthen the case for a bullish breakout. However, until such confirmation arises, the pair remains in a consolidative state. Both the 9 EMA and 20 EMA are nearly aligned, emphasizing the lack of strong directional bias. A breakout above the EMAs, particularly with increased trading volume, could validate bullish entry points. Potential Entry and Exit Points For bullish trades, consider entering on a break above $4.2291, with potential targets at $4.2522 or $4.3275. A stop-loss below $4.2213 can help manage risks. For short positions, rejections at $4.2291 could provide opportunities, with exits near $4.1812 or $4.158.
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$SOL Analysis: Bearish Bias Holds, But Is Recovery Possible? #Solana exhibits a bearish trend on the 1-hour chart, with price action pressured near key support levels. Resistance areas are noted at $233.71, $236.71, and $237.02, while support lies at $232.15, $231.81, and $231.27. The RSI remains below the midline, suggesting persistent bearish sentiment. However, slight improvements in RSI readings could point to weakening bearish momentum, signaling a possible short-term recovery. Yet, the broader downtrend remains intact, requiring confirmation of bullish strength before committing to long positions. The MACD histogram reflects continued bearish momentum, with the MACD line staying below its signal line. While the histogram shows a narrowing of bearish divergence, it is insufficient to indicate a trend reversal. Traders should watch for clearer bullish signals, such as a MACD crossover, before entering long trades. Moving averages reinforce the bearish narrative, with the 9 EMA trending below the 20 EMA. These alignments confirm the prevailing selling pressure. A sustained move above the 9 EMA could serve as an early signal for bullish momentum, with potential upside towards $233.71. Potential Entry and Exit Points Long trades might be viable on a confirmed breakout above $233.71, targeting resistance at $236.71. Stop-loss levels can be placed below $232.15 to mitigate downside risks. Short positions could be considered on a failure to reclaim $233.71, with exits near $231.27 to capitalize on the bearish trend. #SOL
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