I think $SOL can easily pass 139-40 as a resistance level and get straight to 144-45. That's fair. Not an investment or trading advice. DO YOUR OWN RESEARCH.
$WIF fighting around 1.95. A couple of whales are needed to get this token to 2.25. Feel so sorry for all jeets that sold at the bottom, having absolutely no idea what they are doing.
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$WIF actually managed to catch 1.95 while I was sleeping, but didn't hold of course. The market is still bearish.
Targets if going down - 1.79-80s/1.60s/130 - major support.
If up - 2.00 -psychological level/2.25/2.60 and before 2.60 it may range at 2.40 to 2.50.
$SOL is out of the bloody bearish tunnel and I guess it won't come back again.
For going up, literally all blue lines pointed can act as resistance levels and zones. The chart is very choppy. Trade safely.
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😍😍24 June update on SOL🔥🔥💥
$SOL is still in its channel. Soon may retest 115-116s.
The bad news is that SOL is influenced by $BTC so if BTC gets even lower we may see 100 or even less. Reversal of this bearish downtrend will be a fact sooner or later.
Probably won't go to 180 today, but after 7 daily red candles $WIF may finally form a green one. What an achievement.
And notice how $SOL fell but regained to 128, while $BTC dropped dead today. This means something. In the days to come we'll find out what. For now, stay safe and do not make risky trades. And when I say risky trades I mean leverage.
Many people from the Square will brainwash you to start buying, but don't do it. They are getting a commission from your trades, so they will push you to buy anything at all costs.
Do your own research first. Never invest any money in anything if you are not sure.
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$WIF on its way up towards 1.80. Can reach it even today. 1.95 is also within reach.
Will be a nice bounce as it previously was as low as 1.4780.
$SOL is still in its channel. Soon may retest 115-116s.
The bad news is that SOL is influenced by $BTC so if BTC gets even lower we may see 100 or even less. Reversal of this bearish downtrend will be a fact sooner or later.
$DOGE is following my pattern for now. Retests to 0.113s and below still possible.
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$DOGE downtrend channel is horrendous, massive selloff there, as well. Hope it will reverse soon.
Here is an optimistic scenario. Bear retest followed by going up. Not a financial advice, sharing my thoughts only. DOGE and all memes like $WIF are seriously hit now, so buying is quite a gamble. Only $PEPE seems better, but not so much.
$WIF 1.33s is a critical support zone and can be retested easily. The blue line at 1.3352 is the OC price for the first 4hr candles when the #meme_coin got listed on Binance.
As soon as BTC gets climbing, WIF will go up again, but all these blue lines you can say will play as resistance forming some resistance zones, as well.
2.40-2.60 can act as a strong resistance zone.
And remember, WIF still has a 1.6 billion mcap. There is an interest towards this token which may lead to strong climb up. Currently at number 50 in CMC. Impressive for such a coin!
$NOT is doing way better compared to $SOL and $WIF that are in a massive selloff. Two explanations for that.
First, NOT is a pretty new coin and its fall from 0.029 to 0.014 where it's now is still a significant loss, but nothing like WIF that fell from 4.08 to 1.60 in the recent month. The difference is obvious.
Another reason for NOT being stable in the last days is that it's built on TON, which in turn is a layer of ETH. Ethereum doesn't loss value so quickly, which explains why NOT isn't bottoming down like others now.
If BTC regains its 72K mark we will see an increase in NOT. If BTC goes higher, NOT may explode. Not guaranteed but very probable.
$NOT is doing way better compared to $SOL and $WIF that are in a massive selloff. Two explanations for that.
First, NOT is a pretty new coin and its fall from 0.029 to 0.014 where it's now is still a significant loss, but nothing like WIF that fell from 4.08 to 1.60 in the recent month. The difference is obvious.
Another reason for NOT being stable in the last days is that it's built on TON, which in turn is a layer of ETH. Ethereum doesn't loss value so quickly, which explains why NOT isn't bottoming down like others now.
If BTC regains its 72K mark we will see an increase in NOT. If BTC goes higher, NOT may explode. Not guaranteed but very probable.
Trade safely.
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The recent bearish market in numbers
$BTC fell from 72K to 63K roughly, that makes 12.5% to 13% decrease
$SOL is currently 126-ish so falling from 210 highs in March - the highest in this cycle means 40% loss of value.
$WIF has suffered a lot more - down from 4.86 in March to 1.60-ish means 67% loss of value.
If BTC regains its 72K mark that won't necessarily lead SOL and WIF to catch their highs, as well. So, be moderately optimistic if you see an increase in Bitcoin value.
As usually happens, BTC will start a run if it gets higher.
In case it reaches 100 000, the impulse in SOL and memes like WIF will be considerable and they will make more significant gains.
SOL can easily make 2.5x to 3x from here, reaching 300, while WIF, as more volatile and more unpredictable may pass the 10 mark as predicted by many analysts
Traders, be prepared to buy the dip, but note that market is high risk. A poorly executed position now may lead to huge losses. Keep leverage under control.
We still do not have bottoms confirmed.
Trade safely. Not an investment advice. Do your own research.
$BTC fell from 72K to 63K roughly, that makes 12.5% to 13% decrease
$SOL is currently 126-ish so falling from 210 highs in March - the highest in this cycle means 40% loss of value.
$WIF has suffered a lot more - down from 4.86 in March to 1.60-ish means 67% loss of value.
If BTC regains its 72K mark that won't necessarily lead SOL and WIF to catch their highs, as well. So, be moderately optimistic if you see an increase in Bitcoin value.
As usually happens, BTC will start a run if it gets higher.
In case it reaches 100 000, the impulse in SOL and memes like WIF will be considerable and they will make more significant gains.
SOL can easily make 2.5x to 3x from here, reaching 300, while WIF, as more volatile and more unpredictable may pass the 10 mark as predicted by many analysts
Traders, be prepared to buy the dip, but note that market is high risk. A poorly executed position now may lead to huge losses. Keep leverage under control.
We still do not have bottoms confirmed.
Trade safely. Not an investment advice. Do your own research.
In 2024, a staggering $473M in crypto has vanished due to rug pulls and scams across 108 incidents, as per Immunefi! 💸 In May alone, $52M was lost, with Gala Games and SonneFinance being hit hardest, losing $21M and $20M respectively. Despite this, it’s a 12% drop from May 2023. 📉
DeFi continues to be the Wild West for these schemes, while centralized platforms had a clean slate this year! 🏦 Last year, over $2B was drained through similar tactics, with notorious groups like Lazarus responsible for $3B in losses over six years. $ETH was the main stage, suffering 43% of the losses, followed by $BNB Chain with 19%. 🪙💔 Stay alert, folks—don't let your crypto dreams turn into nightmares! 🚀💪
$SOL rugs on the other hand, happen literally every minute, but the volume are much smaller compared to ETH or BNB. And as a matter of fact, no one has really calculated the rug pulls size on SOL. We are probably talking about hundreds of millions if not billions lost due to scams.
50 Cent, the renowned rapper and entrepreneur, has recently delved into the cryptocurrency space with a token called G-Unit Coin, named after his famous rap group. This move is part of his broader strategy to leverage digital assets and blockchain technology to expand his brand and engage with his fan base (CoinDesk) (Business Today).
However, the token lost most of its value and 50 Cent said his Twitter account was hacked and that was the reason for the rug. Do you believe that?!
Andrew Tate and $SOL meme coins. No chance for a positive outcome.
Andrew Tate, a controversial social media influencer, has been making headlines in the cryptocurrency space with his involvement in meme coins. Recently, he launched a meme coin called DADDY, which quickly gained a market cap of over $300 million following his promotional efforts. Tate has been actively involved in promoting and burning large quantities of these tokens to generate hype and reduce supply (BeInCrypto) (BlockNews.com - CRYPTO NFT NEWS).
However, the launch and promotion of DADDY have not been without controversy. There have been allegations of insider trading, with blockchain analytics revealing that a group of wallets purchased a significant portion of the coin's supply before Tate's public endorsement. This has raised concerns about market manipulation and the ethical implications of his actions (BeInCrypto) (COINOTAG NEWS).
Meme coins, in general, are highly speculative and can be extremely volatile. They often lack real utility and are driven primarily by social media hype and celebrity endorsements. This makes them risky investments, and the rapid value changes can result in substantial financial losses for uninformed investors (COINOTAG NEWS).
Tate's involvement has added to the frenzy surrounding meme coins, especially on the Solana blockchain, where his activities have sparked a surge in trading volumes and interest. Despite the initial hype, the sustainability and long-term value of such coins remain questionable (COINOTAG NEWS) (BlockNews.com - CRYPTO NFT NEWS).
Apart from those, Tate was involved in supporting other projects that may as well have been linked directly to him like TATE BROTHERS. All went under water. I personally observed them for some time.