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Some good news for #crypto2023 Bitcoin ($BTC) rose above $30,000 on Wednesday morning in Asia, as major players like PayPal delve into the crypto realm.  PayPal launched its first stablecoin, called PayPal USD, on Tuesday. The stablecoin is backed by 1:1 by U.S. dollars and can be used to buy and sell cryptocurrencies on PayPal. Solana ($SOL) led the post-PayPal stablecoin launch rally, with gains of over 10%. SOL is now the fifth-largest cryptocurrency by market capitalization. Several U.S. banks were downgraded by Moody's on Tuesday, citing concerns about their exposure to the crypto market. The banks include Citigroup, Goldman Sachs, and Morgan Stanley. Coinbase revenue beat estimates in the second quarter. The company's revenue rose 62% year-over-year to $1.17 billion.urrencies.

Some good news for #crypto2023

Bitcoin ($BTC) rose above $30,000 on Wednesday morning in Asia, as major players like PayPal delve into the crypto realm.

 PayPal launched its first stablecoin, called PayPal USD, on Tuesday. The stablecoin is backed by 1:1 by U.S. dollars and can be used to buy and sell cryptocurrencies on PayPal.

Solana ($SOL) led the post-PayPal stablecoin launch rally, with gains of over 10%. SOL is now the fifth-largest cryptocurrency by market capitalization.

Several U.S. banks were downgraded by Moody's on Tuesday, citing concerns about their exposure to the crypto market. The banks include Citigroup, Goldman Sachs, and Morgan Stanley.

Coinbase revenue beat estimates in the second quarter. The company's revenue rose 62% year-over-year to $1.17 billion.urrencies.

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$ETC ANALYSIS 30 MIN TIMEFRAME The pivot point of 16.23 is a support level. The RSI is trading below 30, which indicates that the bears are in control. The MACD is negative and above its signal line, which is also bearish. However, the price is trading under both its 20 and 50 period moving average, which suggests that the market is oversold and could be due for a rebound. The analyst's preference is for a rebound towards 17.19, but there is also a risk of a breakdown below 16.23. If the price breaks below 16.23, the next support levels are 15.86 and 15.64. If the price breaks above 16.23, the next resistance levels are 17.63, 17.41, and 17.19. Overall, the technical indicators are bearish. The RSI and MACD are both bearish, and the price is trading under its moving averages. However, the price is oversold, which suggests that a rebound could be in the cards. Traders should monitor the price action closely and be prepared to take action accordingly. Here are some additional thoughts on the technical analysis: * The RSI is trading below 30, which is a very oversold level. * This suggests that the bears may have exhausted themselves and that a rebound could be in the works. * The MACD is negative and above its signal line, which is a mixed signal. * This suggests that the bears are in control, but the bulls are not yet ready to take over. * The price is trading under its moving averages, which is a bearish signal. However, the price is close to its moving averages, which suggests that a rebound could be imminent. I hope this helps! LIKE SHARE AND COMMENT FOR MORE ANLYSYIS!! share your thoughts in comment section:) Hope for the best
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