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Strong resistance ahead...
#BTC🔥🔥 #CryptoBears #BinanceSquare

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🚀🚀🚀 $XRP 5,000% Surge Imminent as Analyst Says This Chart Could Rekindle the Spark A market analyst recently shared an intriguing analysis of XRP on X, highlighting a bullish pattern that has been forming over the past few years despite ongoing market uncertainty. XRP to $32? The analysis centers around a large symmetricaltriangle pattern that has emerged on multiple timeframes since early 2021, following XRP’s decline from its $1.96 peak. Since then, XRP has been experiencing a series of lower highs and higher lows, tightening into a narrower range. As the apex of this triangle approaches, the potential for a significant price movement grows. The anticipated breakout could be explosive, given the prolonged consolidation period. The analyst’s chart suggests that XRP could soar to $32, representing an astonishing 5,261% increase from its current price. Key resistance levels must be overcome to reach this ambitious target, with the most immediate hurdle around $3.5—the all-time high from January 2018. XRP Trades Above 50-Day EMA At the moment, XRP is trading around $0.5970. Recently, XRP successfully retested its 50-day Exponential Moving Average (EMA) at $0.5563, a critical level that it has managed to hold above. This suggests that bullish momentum could be building, potentially leading XRP to test higher resistance levels in the near term. Trading above the 50-day EMA generally indicates mid-term bullish momentum, which might push XRP to test the nearest resistance at $0.6597. If XRP breaks this level, the next targets would be $0.7248 (R2) and $0.8300 (R3), offering short-term opportunities for traders. On the downside, the first support level is at $0.4492, followed by $0.3842 (S2) and $0.2789 (S3). These levels could provide a safety net if XRP faces selling pressure, offering potential rebound points for the price. Source - thecryptobasic.com #CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

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🔥🔥🔥 $PEPE Price at Risk as Whales🐳🐳🐳 Begin to Retreat PEPE Investors Facing Stagnation - Currently trading at $0.00000795, PEPE was anticipated to break out from its bullish descending wedge pattern. However, this breakout seems unlikely as investor sentiment remains cautious. - Network participation has dropped significantly, with investors showing reluctance to engage in transactions. Active addresses have plummeted to a six-month low, as the lack of price recovery provides little incentive for investors to move their holdings. - Adding to the concern is the behavior of large wallet holders, or whales, whose withdrawal from the network is eroding overall investor confidence. Their reduced participation, especially in high-value transactions worth $100,000 or more, suggests a lack of conviction in the current market conditions. - In the past two weeks, the average daily transaction volume has dropped by 60%, falling from $83 million to $33 million. This sharp decline underscores the significant influence whale activity has on the broader market. - If whales continue to remain inactive, PEPE's price will likely see limited growth. PEPE Price Prediction: Possible Consolidation Ahead - PEPE's price is currently holding just above the $0.00000775 support level and is attempting to bounce back. The descending wedge pattern suggests a potential 80% rally towards the all-time high of $0.00001725. - However, given the current market dynamics, a breakout from this pattern seems improbable. As a result, PEPE may struggle to rise above $0.00001000 unless stronger bullish signals emerge. - On the flip side, if investor sentiment improves, PEPE could flip $0.00001000 into a support level, paving the way for further gains and potentially invalidating the bearish outlook. Source - beincrypto.com #CryptoTrends2024 #BinanceSquareTalks

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🚀🚀🚀 Solana ($SOL ) Eyes a Potential Bullish Target Solana (SOL), the fifth-largest altcoin by market cap, has extended its modest gains, reaching $148 after a 2.67% increase in the past 24 hours. Although it has struggled to hold above $150, SOL has demonstrated a brief bullish rally, surpassing previous resistance levels. The token opened the trading day at $143 and broke through the $145 resistance, peaking at $148.65. SOL’s daily trading volume has surged over 12%, now approximately $2.17 billion. As of the latest data from CoinMarketCap, SOL is trading at $146.63. Anticipation is building around the potential launch of a Solana spot exchange-traded fund (ETF). #VanEck is progressing with its plan to launch a SOL ETF despite recent changes to its regulatory filings. VanEck’s head of digital assets research, Matthew Sigel, confirmed on X that the ETF launch is still on track, even after the 19b-4 filing was removed from Cboe Global Markets’ regulatory documents. However, SOL exchange-traded products (ETPs) saw record outflows of $39 million last week, according to CoinShares. On-chain data reveals that a large whale has sold 20,000 SOL, worth about $2.9 million, in the last 24 hours. Since January 15, the whale has offloaded 614,000 SOL, valued at around $89 million. Additionally, Solana has faced a $7.17 million liquidation in the past 24 hours, as reported by Coinglass. Will SOL Hold Its Current Level? - Over the past week, SOL has shown moderate performance with a 2.13% increase. At the beginning of the week, it traded around $145, with subsequent fluctuations leading to a high of $151 and a low of $137. - If SOL can break above $150, it may soon test the $161 resistance level. Conversely, a drop below $142 could lead it to test the $130 support level. Source - thenewscrypto.com #CryptoTrends2024 #BinanceSquareTalks

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🔥🔥🔥 #bitcoin☀️ Pops Over $61K, XRP Leads Gains Among Majors Bitcoin Trading Update and Market Outlook Bitcoin recently traded above $61,000 during the Asian session. Polymarket predicts a 66% chance that Bitcoin will stay above $60,000 by week's end. Traders await Jerome Powell's remarks later in the week for insights into future price trends. Recent Developments: - ETFs: Bitcoin ETFs saw $61 million in net inflows, the highest since August 8. #BlackRock’s IBIT led with $92 million in inflows, while Bitwise’s BITB had $25 million in outflows. Japan’s Metaplanet purchased $3.4 million worth of Bitcoin. - Major Cryptocurrencies: XRP and BNB Chain’s BNB rose over 7%, Solana’s SOL and Cardano’s ADA increased by 4%, while Toncoin (TON) fell by 0.8%. The CoinDesk 20 index gained 4.25%. - #Dogecoin‬⁩ (DOGE): Increased by 5% following an AI image posted by Elon Musk, though such spikes are usually short-lived. - PoliFi Tokens: Minimal movement with the MAGA token down by 0.3% and a trading volume of $2.5 million. In Polymarket's Presidential election contract, Kamala Harris leads Donald Trump 50%-49%. Market Sentiment and Predictions: - Trading Range: Bitcoin is expected to range between $56,000 and $62,000, with significant volume around $58,000 to $60,000. - Jerome Powell's Speech: Anticipated to discuss potential shifts to lower borrowing costs, which could boost bullish sentiment. However, recent ETF application withdrawals and traditional finance caution due to staking regulations may impact mainstream adoption. Source - coindesk.com #CryptoTrends2024 #BinanceSquareTalks

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💥💥💥 New #Shibalnu ($SHIB ) Bull Run Possible but Under an Important Condition: Details 1. SHIB Turns Bullish - After a prolonged consolidation in August, SHIB seems to have found its bottom and is now poised to explore higher levels. The support at $0.000011 held firm, and bulls are now targeting the key resistance at $0.000014. If this resistance is broken, it could spark a new rally. At the time of writing, SHIB is trading at $0.000012. 2. Is the Downtrend Nearing Its End? - Should buyers step in at this level, SHIB might finally end the downtrend that has persisted for months. For this to happen, it’s crucial that SHIB turns the $0.000014 level into support. This week could be pivotal in determining SHIB's next move. 3. Bullish Momentum Returns - The daily #MACD flipped bullish last week, and now the two-day MACD has followed suit. This indicates that buyers are gaining the upper hand, and if this momentum continues, SHIB could enter a sustained uptrend. For the latest updates on the ecosystem, be sure to check out our Shibarium news. Source - cryptopotato.com #cryptoupdates2024 #BinanceSquareTrends #CryptoMarkets

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