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With recent price movements suggesting that bearish momentum could strengthen, Shiba Inu (Shiba) is struggling to break through a key resistance level. The tokenâs failure to rise above the 26-day Exponential Moving Average (EMA) has reinforced concerns that another decline may be imminent. For bullish traders, the inability to surpass this resistance is a significant obstacle, potentially setting the stage for a steeper drop. Despite weeks of efforts to gain upward momentum, Shiba remains trapped below the 26 EMA, preventing it from establishing a higher lowâan essential condition for reversing the trend. If Shiba fails to hold above the crucial $0.00001230 support level, a breakdown could be imminent, exposing it to further losses. The next key support level is $0.00001180, a price point last tested during previous market corrections. A drop below this range could increase selling pressure and intensify bearish sentiment. The broader cryptocurrency market has struggled to achieve sustained growth, and Shiba is no exception. The asset's failure to break resistance, combined with declining trading volume, signals weak buyer interest at current levels. Additionally, market indicators remain bearish. The Relative Strength Index (RSI) is approaching oversold territory, highlighting weak buying momentum. If sellers push Shiba below $0.00001230, it could trigger liquidations, making recovery more difficult. For Shiba to break out of its downward trajectory, it must establish a distinct higher low. The first sign of strength would be a successful move above the 26 EMA, allowing bulls to regain control and target a rally toward $0.00001450. However, until that happens, the downtrend remains dominant, and a deeper decline remains a possibility. Given the current fragile market sentiment, Sahib holders should remain cautious, as further losses could occur if key resistance levels are not reclaimed.#BMTOnBinance #BNBChainMeme #USTariffs
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Solana developers have proposed introducing a new hashing system that changes how the Solana network verifies and traces user accounts â in a bid to fix scalability issues stemming from a mass of users on the network. In a Jan. 6 proposal, titled SIMD-215, developers introduced a âlattice-based homomorphic hashing functionâ which alters the way the blockchain tracks user accounts. The main goal is to scale Solana to billions of accounts, and compute a âhash of all accountsâ in practical time and space,â the proposal reads. âThe problem comes down to this simple thing, new account creation has to actually create new accounts. Which means that a new account has to prove that it is new somehow,â wrote Yakovenko. âThis is trivial to do if the runtime has a full global index of all the accounts. But that kind of way of proving that the account is new is expensive, every node has to have a full index of all the accounts in the runtime.â According to the proposal, The Accounts Lattice Hash upgrade eliminates the need to recalculate all states by introducing instant verification. Additionally, the âhomomorphic hashingâ element of the proposal would technically allow the Solana network to update its state verification by only processing changed accounts. In a Jan. 7 post to X, crypto research firm Republik Labs described the intended outcome of the proposal in simple terms. Think of it like cleaning a house. Instead of scrubbing every single room every day, you only tidy up the spaces that got messy. This saves time and effort while keeping everything in order,â wrote Republik Labs. The Solana network has seen over $113 billion in trading volume across its DEXs. In comparison, the Ethereum mainnet has seen $78.9 billion, according to DefiLlama data â highlighting continued growth on Solana relative to its main competitors. #BTC100KTrumpEffect #BinanceMegadropSolv #BullCyclePrediction #MicroStrategyAcquiresBTC #CryptoReboundStrategy $SOL
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Welcome to the TradeCityPro Channel! Today, I'm analyzing the popular SUI coin for you. SUI, a prominent Layer-1 blockchain in the market, has gained significant attention from investors in recent months. With an influx of capital into its network, the SUI coin's price has experienced notable growth. ds Currently, Bitcoin continues its upward trend, marking a new all-time high (ATH) at $98,380. However, Bitcoin dominance has started to decline after a fake breakout of 61.32, leading to corrections. As a result, while Bitcoin consolidates, altcoins have begun to move. 4 For instance, Ethereum has climbed 9%. If Bitcoin dominance continues its downward trend, we may expect a short-term altcoin season. Should the decline persist, Bitcoin dominance could retest its ascending trendline. Key downward targets are 59.56 and 58.64. If dominance reaches these levels while Bitcoin prices rise, we could witness significant rallies in altcoins. $BTC #COSSocialFiRevolution #SOLHitsATH #XRPAndSECShift
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Dogecoin đ. How did Dogecoin's rise happen? Itâs largely thanks to Muskâs enthusiastic support đ©. He once said, âSupporting Doge wherever possible,â a message that resonates with meme-loving crowds đŒïž. This iconic meme coin is affordable and easy to buy in bulk, giving retail investors a sense of accomplishment đȘ. Recently, Dogecoinâs price was around 40 cents, a significant jump from 15 cents before the election đ. Meanwhile, Bitcoin, priced just under $90,000 đ, may look less accessible for retail traders đž. But itâs crucial to consider market cap đč, which truly reveals a tokenâs worth. At 40 cents, Dogecoin may seem small, but itâs anything but a joke! Initially launched in 2013 as a playful homage to Bitcoin đ, Dogecoin has since grown to a $60 billion market cap đ€, holding about 2% of the total crypto market đŒ. That's a big deal compared to companies like Ford đïž, with its 121-year legacy and $180 billion annual revenue đïž. Now, crypto enthusiasts â especially "Dogecoiners" đŸ â are excited about the partnership between Donald Trump and Elon Musk đ€. This billionaire duo is expected to drive a new crypto boom, with Dogecoin possibly in the spotlight âš. Trump recently tapped Musk to lead the Department of Government Efficiency, also called "DOGE" đïž, alongside presidential candidate Vivek Ramaswamy đșđž. Announcing the news on Truth Social đ±, Trump said, âElon Musk and Vivek Ramaswamy will lead DOGE to streamline government, reduce waste, and boost transparency." Musk added on X đŠ, âAll actions will be posted online, with a leaderboard for government spending. Expect some tragic yet entertaining findings đ.â With Muskâs devotion to Dogecoin, some believe it might even play a role in this new government department đĄ. Crypto believers are predicting that Dogecoin could reach a $1 price tag someday đ.$SOL #ElonMuskUpdates #BTCBreaks93k #HaveYouBinanced #USUALonLaunchpool&Pre-Market
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Ethereum(ETH) Drops Below 1,900 USDT with a Narrowed 3.79% Increase in 24 Hours
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