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Toncoin [TON] witnessed a significant dip over the last 24 hours, with its price dropping by 3.37% to settle around $4.69 at press time.
Over the past week, Toncoin saw a more substantial dip of 13%, reflecting broader bearish trends.
Toncoin was dipping from a critical resistance level at around $4.88 at press time. Historically, this level had proven crucial by preventing deeper declines.
However, with the recent fade in its bullish momentum and a rejection from key level at around $4.88, the sentiment is turning bearish.
If the resistance level at $4.88 holds, we could expect a potential further decline to leverage the liquidation pool at $4.51. Further bearish pressure could trigger a deeper correction toward the $3.66 support level.
Toncoin’s large transactions increased by 8.8% in the last 24 hours. This increased whale activity could signal institutional interest or significant sell-offs, potentially influencing TON’s short-term volatility.
Conversely, exchange net flows showed a dramatic reduction by 779%.
This reduction indicates a significant outflow of Toncoin from exchanges, which typically suggests a more bullish sentiment as investors might be moving coins to cold storage, expecting a potential price recovery.
The liquidation heatmap reveals a growing liquidation pool at the $4.51 price level, with approximately 322,000 Toncoin currently at risk.
The stochastic RSI currently points to a possible bullish reversal, with the indicator moving into the oversold region.
Looking ahead, if Toncoin manages to hold above the key support, the upcoming quarters could see a gradual recovery.Especially, if whale activity continues and the liquidation risks are mitigated.
However, further bearish sentiment could emerge if the support fails to hold, leading to extended price declines to test lower supports.
#BTC #TON#Binance #ETH $BTC $TON
Over the past week, Toncoin saw a more substantial dip of 13%, reflecting broader bearish trends.
Toncoin was dipping from a critical resistance level at around $4.88 at press time. Historically, this level had proven crucial by preventing deeper declines.
However, with the recent fade in its bullish momentum and a rejection from key level at around $4.88, the sentiment is turning bearish.
If the resistance level at $4.88 holds, we could expect a potential further decline to leverage the liquidation pool at $4.51. Further bearish pressure could trigger a deeper correction toward the $3.66 support level.
Toncoin’s large transactions increased by 8.8% in the last 24 hours. This increased whale activity could signal institutional interest or significant sell-offs, potentially influencing TON’s short-term volatility.
Conversely, exchange net flows showed a dramatic reduction by 779%.
This reduction indicates a significant outflow of Toncoin from exchanges, which typically suggests a more bullish sentiment as investors might be moving coins to cold storage, expecting a potential price recovery.
The liquidation heatmap reveals a growing liquidation pool at the $4.51 price level, with approximately 322,000 Toncoin currently at risk.
The stochastic RSI currently points to a possible bullish reversal, with the indicator moving into the oversold region.
Looking ahead, if Toncoin manages to hold above the key support, the upcoming quarters could see a gradual recovery.Especially, if whale activity continues and the liquidation risks are mitigated.
However, further bearish sentiment could emerge if the support fails to hold, leading to extended price declines to test lower supports.
#BTC #TON#Binance #ETH $BTC $TON
Pepe [PEPE] resumed its downtrend after the bullish 1-day market structure break on the 23rd of August. The structure flipped bearishly on the daily once more after Bitcoin [BTC] fell below the $56k support.
The correlation matrix highlights how closely the price movement of PEPE correlates to Bitcoin but also the other major meme coins, especially Shiba Inu [SHIB].
This also implied that it has been quite difficult for the meme sector to break from the bearish trend of Bitcoin in the past month.
Crypto examined the daily active addresses chart, which showed that the new addresses and active addresses were down by 30.88% and 12.47% respectively in the past week. This meant that activity and adoption were declining.
This was not just a short-term trend. In May, these Pepe metrics formed a respectable high, with active addresses reaching 9.85k. However, since then it has been a steady decline, with the current value at 2.22k.
At the same time, the zero balance addresses have also declined, which usually is a signal of network health and increased participation but in this instance is overshadowed by the other network metrics.
Similarly, over the past month the number of addresses holding PEPE in the short-term, designated as traders, has decreased by 25.03%. The increase in the holder’s numbers was a slight encouragement.
The liquidation heatmap showed that the $0.00000588-$0.00000619 zone is a target for September.
A revisit to this liquidity pool would likely see a trend reversal and can be a good buying opportunity for investors.
However, if Bitcoin continues to face losses and sentiment does not begin to shift in the coming weeks, these liquidity clusters might not be enough to halt the bearish price advance.
#BTC #Binance #pepe⚡ #shiba⚡ #pepecoin🐸 $BTC $PEPE $SHIB
The correlation matrix highlights how closely the price movement of PEPE correlates to Bitcoin but also the other major meme coins, especially Shiba Inu [SHIB].
This also implied that it has been quite difficult for the meme sector to break from the bearish trend of Bitcoin in the past month.
Crypto examined the daily active addresses chart, which showed that the new addresses and active addresses were down by 30.88% and 12.47% respectively in the past week. This meant that activity and adoption were declining.
This was not just a short-term trend. In May, these Pepe metrics formed a respectable high, with active addresses reaching 9.85k. However, since then it has been a steady decline, with the current value at 2.22k.
At the same time, the zero balance addresses have also declined, which usually is a signal of network health and increased participation but in this instance is overshadowed by the other network metrics.
Similarly, over the past month the number of addresses holding PEPE in the short-term, designated as traders, has decreased by 25.03%. The increase in the holder’s numbers was a slight encouragement.
The liquidation heatmap showed that the $0.00000588-$0.00000619 zone is a target for September.
A revisit to this liquidity pool would likely see a trend reversal and can be a good buying opportunity for investors.
However, if Bitcoin continues to face losses and sentiment does not begin to shift in the coming weeks, these liquidity clusters might not be enough to halt the bearish price advance.
#BTC #Binance #pepe⚡ #shiba⚡ #pepecoin🐸 $BTC $PEPE $SHIB
Like most cryptos, FLOKI also registered a major price correction over the last 48 hours. The memecoin’s latest setback pushed the token down to a crucial support level, one which could decide its future. What does this mean for FLOKI’s short-term targets now?
Market bears dominated FLOKI’s charts last week as the memecoin’s price fell marginally . The last 24 hours were also bearish as the token’s price fell on the back of BTC and ETH falling. At the time of writing, FLOKi was trading at $0.0001189 with a market capitalization of over $1.14 billion, making it the 57th largest crypto.
Owing to the aforementioned price decline, only 57k FLOKI addresses remained in profit, accounting for 68% of the total number of FLOKI addresses, according to IntoTheBlock’s data. The latest price drop pushed the memecoin’s price down toward the $0.000110 support zone.
A popular crypto analyst, shared a tweet revealing this update. A slip under that level might be disastrous for the memecoin, as it might lose a significant amount of its market cap. Hence, it’s worth looking at FLOKI’s state to assess the likelihood of it testing this support level.
The memecoin’s trading volume dropped along with its price. Usually, a drop in volume suggests that the chances of the ongoing price trend changing are high.
Apart from that, we also found that buying pressure on the token increased – A bullish signal. This was supplemented by the massive drop in its supply on exchanges and the rise in its supply outside of exchanges.
The fact that investors were buying FLOKI was further proven by the spike in exchange outflows over the past week.
We then took a look at Hyblock Capital’s data to look for possible support and resistance zones for the token. According to our analysis, in case of a bullish trend reversal, it won’t be surprising to see FLOKi touch $0.00013 in the coming days, if the price continues to fall, then the token’s price might plummet to $0.00009 soon.
#BTC #Binance #FLOKI✅
Market bears dominated FLOKI’s charts last week as the memecoin’s price fell marginally . The last 24 hours were also bearish as the token’s price fell on the back of BTC and ETH falling. At the time of writing, FLOKi was trading at $0.0001189 with a market capitalization of over $1.14 billion, making it the 57th largest crypto.
Owing to the aforementioned price decline, only 57k FLOKI addresses remained in profit, accounting for 68% of the total number of FLOKI addresses, according to IntoTheBlock’s data. The latest price drop pushed the memecoin’s price down toward the $0.000110 support zone.
A popular crypto analyst, shared a tweet revealing this update. A slip under that level might be disastrous for the memecoin, as it might lose a significant amount of its market cap. Hence, it’s worth looking at FLOKI’s state to assess the likelihood of it testing this support level.
The memecoin’s trading volume dropped along with its price. Usually, a drop in volume suggests that the chances of the ongoing price trend changing are high.
Apart from that, we also found that buying pressure on the token increased – A bullish signal. This was supplemented by the massive drop in its supply on exchanges and the rise in its supply outside of exchanges.
The fact that investors were buying FLOKI was further proven by the spike in exchange outflows over the past week.
We then took a look at Hyblock Capital’s data to look for possible support and resistance zones for the token. According to our analysis, in case of a bullish trend reversal, it won’t be surprising to see FLOKi touch $0.00013 in the coming days, if the price continues to fall, then the token’s price might plummet to $0.00009 soon.
#BTC #Binance #FLOKI✅
BNB likely to hit $600 soon, 2 clues reveal
Binance Coin [BNB] displayed a bearish divergence a couple of days ago and the price of the exchange token has been down by 2% since then. The rejection from the psychological $600 in the last week of August was still in play.
The higher timeframe charts outlined levels that bulls and bears would likely fight over in the coming weeks, but in the meantime, the range is set to rule.
The orange and green levels at $454.8 and $605.6 respectively marked the recent low and high on the weekly chart. It is within these important, structure-defining weekly levels that the range formation of the past eight weeks has formed.
The weekly market structure was bullish, but the drop below $450 in August meant the seller dominance was visible. The CMF dropped below +0.05 on the daily chart to underline the weakening bulls.
The OBV has climbed slightly over the past month, giving holders some hope of a move upward. As things stand, the $600 and $450 are formidable resistance and support levels, but the latter is likely the more feeble of the two.
The weekly resistance zone also formed a high-density liquidity pool for Binance Coin at $615. Therefore, the exchange token prices will be attracted northward, but will likely be rejected soon after a move past $600.
The lower timeframe liquidation levels showed an imbalance was growing. The short liquidations were starting to outnumber the long liquidations. This meant that a short squeeze was possible.A price bounce to $507 and $512 are likely.
AMBCrypto examined the 1-hour price chart and found a small range formation between $498 and $513, with the $506 serving as resistance recently.
#bitcoin #BTC #Binance #BNB #USDT $BTC $ETH $BNB
Binance Coin [BNB] displayed a bearish divergence a couple of days ago and the price of the exchange token has been down by 2% since then. The rejection from the psychological $600 in the last week of August was still in play.
The higher timeframe charts outlined levels that bulls and bears would likely fight over in the coming weeks, but in the meantime, the range is set to rule.
The orange and green levels at $454.8 and $605.6 respectively marked the recent low and high on the weekly chart. It is within these important, structure-defining weekly levels that the range formation of the past eight weeks has formed.
The weekly market structure was bullish, but the drop below $450 in August meant the seller dominance was visible. The CMF dropped below +0.05 on the daily chart to underline the weakening bulls.
The OBV has climbed slightly over the past month, giving holders some hope of a move upward. As things stand, the $600 and $450 are formidable resistance and support levels, but the latter is likely the more feeble of the two.
The weekly resistance zone also formed a high-density liquidity pool for Binance Coin at $615. Therefore, the exchange token prices will be attracted northward, but will likely be rejected soon after a move past $600.
The lower timeframe liquidation levels showed an imbalance was growing. The short liquidations were starting to outnumber the long liquidations. This meant that a short squeeze was possible.A price bounce to $507 and $512 are likely.
AMBCrypto examined the 1-hour price chart and found a small range formation between $498 and $513, with the $506 serving as resistance recently.
#bitcoin #BTC #Binance #BNB #USDT $BTC $ETH $BNB
Shiba Inu [SHIB], the second largest memecoin by market cap, has experienced significant price recovery over the past 30 days.
As of this writing, SHIB was trading at $0.0000135. This marked a 14.21% surge over the past month. The memecoin has witnessed moderate gains on daily chains, with 2.31% over the past day.
Prior to these gains, the last seven days saw SHIB witness a decline, as the memecoin dropped by 4.41% on weekly charts.
Despite the uptick, SHIB remained relatively below from its $0.00001612 high recorded 10 days ago. Equally, the memecoin was 84.52% below its ATH of $0.00008616.
The current gains and market conditions have left analysts predicting further gains. Inasmuch, popular crypto analyst Javon Marks eyed a 231% recovery and a bull run of 480%.
In his analysis, Marks cited hidden bull divergence, which positioned the meme-coin for a 480% surge to reclaim $0.000081.
According to this analysis, prices have continually made high lows while the RSI has made lower lows.
RSI has made lower lows over the past two months. For instance, RSI dropped to a lower low of 29 in July and 26 in August.
Thus, as Marks posited that the memecoin could hit 213% and make 2024 highs, which will strengthen SHIB to 480% to near its ATH.
For starters, Shiba Inu’s Funding Rate, aggregated by exchange, was positive at 0.003352% at press time. This suggested that long positions were paying short-position sellers to hold their positions.
So, investors are betting on SHIB prices to increase, which is a positive market sentiment and a bullish signal. Thus, most traders were going long, and were even willing to pay premiums to hold their positions.
Therefore, with the current market condition, SHIB is well-positioned for further price gains. If the positive market sentiment holds, SHIB will challenge the $0.00001483 resistance level in the short term.
A breakout from this level will strengthen the memecoin to attempt the $0.000017 resistance level.
#BTC #Binance #shiba⚡ $BTC $BNB $SHIB
As of this writing, SHIB was trading at $0.0000135. This marked a 14.21% surge over the past month. The memecoin has witnessed moderate gains on daily chains, with 2.31% over the past day.
Prior to these gains, the last seven days saw SHIB witness a decline, as the memecoin dropped by 4.41% on weekly charts.
Despite the uptick, SHIB remained relatively below from its $0.00001612 high recorded 10 days ago. Equally, the memecoin was 84.52% below its ATH of $0.00008616.
The current gains and market conditions have left analysts predicting further gains. Inasmuch, popular crypto analyst Javon Marks eyed a 231% recovery and a bull run of 480%.
In his analysis, Marks cited hidden bull divergence, which positioned the meme-coin for a 480% surge to reclaim $0.000081.
According to this analysis, prices have continually made high lows while the RSI has made lower lows.
RSI has made lower lows over the past two months. For instance, RSI dropped to a lower low of 29 in July and 26 in August.
Thus, as Marks posited that the memecoin could hit 213% and make 2024 highs, which will strengthen SHIB to 480% to near its ATH.
For starters, Shiba Inu’s Funding Rate, aggregated by exchange, was positive at 0.003352% at press time. This suggested that long positions were paying short-position sellers to hold their positions.
So, investors are betting on SHIB prices to increase, which is a positive market sentiment and a bullish signal. Thus, most traders were going long, and were even willing to pay premiums to hold their positions.
Therefore, with the current market condition, SHIB is well-positioned for further price gains. If the positive market sentiment holds, SHIB will challenge the $0.00001483 resistance level in the short term.
A breakout from this level will strengthen the memecoin to attempt the $0.000017 resistance level.
#BTC #Binance #shiba⚡ $BTC $BNB $SHIB
Uniswap [UNI] recently broke out of its bearish pattern and tested key support levels between $5.5 and $5.7. This region is critical for buyers as the altcoin managed to bounce back from this level, indicating renewed interest from the bulls.
UNI traded at $6.2 at the time of writing, down by nearly 1.2% in the last 24 hours. The price action hovered just around the 20-day Exponential Moving Average (EMA) at $6.20, which could be a pivot point for the bulls in the near term.
Uniswap could see a sustained recovery, especially if UNI can close decisively above this level.
UNI continued its long-term downtrend after touching its 2-year high in March this year. Since its July bearish rally, the 200-day EMA has remained a critical barrier. A well-needed jump above this level could confirm a long-term bullish reversal.
However, the recent recovery has reignited some hopes for buyers. If the price breaks above the 20-day EMA, it could pave the way for a retest of the $6.75 level near the 50 EMA.
Should the bulls fail to maintain this momentum, UNI could retreat to its previous support around the $5.78-$5.55 range.
The Relative Strength Index (RSI) was at around 48.6 at the time of writing, indicating a somewhat neutral market sentiment. A sustained recovery above the 50-mark on the RSI could suggest that the bulls are gaining control.
The overall long/short ratio in the derivatives market stood at 0.9654, showing a slight bearish edge among traders. On Binance, however, the long/short ratio for UNI/USDT is relatively high at 1.8257—signaling a stronger bullish sentiment from top traders.
Despite this, the open interest has decreased by 3.78%. This reflected caution among traders as some may be closing positions due to recent volatility.
Traders should monitor the RSI for signs of bullish momentum while keeping an eye on overall market conditions, particularly Bitcoin’s price movements, which could influence UNI’s trajectory.
#Binance #BTC #pepecoin🐸
#UniSwap
$BTC
$BNB
$UNI
UNI traded at $6.2 at the time of writing, down by nearly 1.2% in the last 24 hours. The price action hovered just around the 20-day Exponential Moving Average (EMA) at $6.20, which could be a pivot point for the bulls in the near term.
Uniswap could see a sustained recovery, especially if UNI can close decisively above this level.
UNI continued its long-term downtrend after touching its 2-year high in March this year. Since its July bearish rally, the 200-day EMA has remained a critical barrier. A well-needed jump above this level could confirm a long-term bullish reversal.
However, the recent recovery has reignited some hopes for buyers. If the price breaks above the 20-day EMA, it could pave the way for a retest of the $6.75 level near the 50 EMA.
Should the bulls fail to maintain this momentum, UNI could retreat to its previous support around the $5.78-$5.55 range.
The Relative Strength Index (RSI) was at around 48.6 at the time of writing, indicating a somewhat neutral market sentiment. A sustained recovery above the 50-mark on the RSI could suggest that the bulls are gaining control.
The overall long/short ratio in the derivatives market stood at 0.9654, showing a slight bearish edge among traders. On Binance, however, the long/short ratio for UNI/USDT is relatively high at 1.8257—signaling a stronger bullish sentiment from top traders.
Despite this, the open interest has decreased by 3.78%. This reflected caution among traders as some may be closing positions due to recent volatility.
Traders should monitor the RSI for signs of bullish momentum while keeping an eye on overall market conditions, particularly Bitcoin’s price movements, which could influence UNI’s trajectory.
#Binance #BTC #pepecoin🐸
#UniSwap
$BTC
$BNB
$UNI
The Solana [SOL] blockchain has seen an over 87% increase in decentralized application (DApp) volumes, likely driven by rising activity on the Tensor non-fungible token (NFT) marketplace.
Data showed that in the last 24 hours, volumes on Solana reached $83 million. Solana was the top gainer by DApp volumes among the top five largest layer 1 blockchains.
The gain is significant given that within the same period, Ethereum [ETH], which is the largest blockchain by DApp volumes, saw a 30% decline. Nevertheless, Ethereum continues to dominate the DApp industry, with $4.56 billion in volumes.
The surge in Solana’s network activity also coincides with an increase in user numbers. Solana’s unique active wallets have jumped by 111% to 2.49 million, while transactions are up 15% to more than 11 million.
NFTs appear to be behind the rise in Solana blockchain volumes. Magic Eden, the largest NFT marketplace on Solana, has posted an over 600% increase in volumes.
The Tensor NFT marketplace also saw a 95% surge in volumes, with the number of users on the marketplace rising by nearly 60%.
The growth comes after Solana NFTs saw $79 million in NFT sales in August, ranking it as the second-largest blockchain by this metric.
Despite the significant growth of the Solana network, SOL price is struggling amid waning demand. Buying pressure remains weak as seen in the Chaikin Money Flow (CMF) indicator, which has a negative value.
However, this index has created a higher high, showing that buyers have been flocking back to the market. It needs to cross over to the positive region to confirm the uptrend.
The weak uptrend is also seen in the Moving Average Convergence Divergence (MACD) line, which is below the signal line. The MACD histogram bars are also red, further showing that bears remain in control.
SOL has tested the support level at $129 several times. For bulls to remain in control, the token needs to hold levels above this price.
Conversely, if the uptrend continues, SOL needs to break the next resistance level at $142 for the price to continue gaining.
Data showed that in the last 24 hours, volumes on Solana reached $83 million. Solana was the top gainer by DApp volumes among the top five largest layer 1 blockchains.
The gain is significant given that within the same period, Ethereum [ETH], which is the largest blockchain by DApp volumes, saw a 30% decline. Nevertheless, Ethereum continues to dominate the DApp industry, with $4.56 billion in volumes.
The surge in Solana’s network activity also coincides with an increase in user numbers. Solana’s unique active wallets have jumped by 111% to 2.49 million, while transactions are up 15% to more than 11 million.
NFTs appear to be behind the rise in Solana blockchain volumes. Magic Eden, the largest NFT marketplace on Solana, has posted an over 600% increase in volumes.
The Tensor NFT marketplace also saw a 95% surge in volumes, with the number of users on the marketplace rising by nearly 60%.
The growth comes after Solana NFTs saw $79 million in NFT sales in August, ranking it as the second-largest blockchain by this metric.
Despite the significant growth of the Solana network, SOL price is struggling amid waning demand. Buying pressure remains weak as seen in the Chaikin Money Flow (CMF) indicator, which has a negative value.
However, this index has created a higher high, showing that buyers have been flocking back to the market. It needs to cross over to the positive region to confirm the uptrend.
The weak uptrend is also seen in the Moving Average Convergence Divergence (MACD) line, which is below the signal line. The MACD histogram bars are also red, further showing that bears remain in control.
SOL has tested the support level at $129 several times. For bulls to remain in control, the token needs to hold levels above this price.
Conversely, if the uptrend continues, SOL needs to break the next resistance level at $142 for the price to continue gaining.
DOGS Pulls Unexpected Stunt in 24-Hour Liquidation
DOGS now has larger liquidation figures than established rivals
Many new altcoins like DOGS, a Toncoin-linked meme coin, display an unusual liquidation trend on the market following recent drawdowns. While the total liquidation is lower than the previous records, DOGS bagged a $2.72 million liquidation. This is equivalent to more than 2.4 billion DOGS tokens in 24 hours.
DOGS liquidation
Liquidation data hints at major exposure to a particular token, which might show how much investors are willing to bet on the asset. Despite being new, DOGS has a high level of exposure, especially from its long traders, who have seen over $1.7 million liquidated thus far. The short DOGS traders have also seen a liquidation of $897,000.
For context, XRP, a more established asset, has recorded less than $800,000, while Dogecoin has bagged just $2.79 million, slightly lower than DOGS.
The interest in DOGS is explainable, considering recent bullish trends around the token. As reported earlier by U.Today, the token bagged a series of stunning upticks last week as it soared to an all-time high (ATH) of $0.001644 about five days ago.
Top crypto exchanges that started listing the coin promoted the publicity around it.
For a meme coin to gain proper adoption, it must survive its hype stage. Just like BONK and PEPE, DOGS comes off as a major success story among its peers thus far this year.
Amid its impressive growth over the past week, the token has entered the list of the top 100 digital currencies by market cap. As of press time, it was changing hands for $0.001122, down by 10% in a major gain pare-off.
However, it remains the 94th most-valued asset, with a market capitalization of more than $579 million.
$BTC $BNB $DOGS #BTC #Binance #doge⚡
DOGS now has larger liquidation figures than established rivals
Many new altcoins like DOGS, a Toncoin-linked meme coin, display an unusual liquidation trend on the market following recent drawdowns. While the total liquidation is lower than the previous records, DOGS bagged a $2.72 million liquidation. This is equivalent to more than 2.4 billion DOGS tokens in 24 hours.
DOGS liquidation
Liquidation data hints at major exposure to a particular token, which might show how much investors are willing to bet on the asset. Despite being new, DOGS has a high level of exposure, especially from its long traders, who have seen over $1.7 million liquidated thus far. The short DOGS traders have also seen a liquidation of $897,000.
For context, XRP, a more established asset, has recorded less than $800,000, while Dogecoin has bagged just $2.79 million, slightly lower than DOGS.
The interest in DOGS is explainable, considering recent bullish trends around the token. As reported earlier by U.Today, the token bagged a series of stunning upticks last week as it soared to an all-time high (ATH) of $0.001644 about five days ago.
Top crypto exchanges that started listing the coin promoted the publicity around it.
For a meme coin to gain proper adoption, it must survive its hype stage. Just like BONK and PEPE, DOGS comes off as a major success story among its peers thus far this year.
Amid its impressive growth over the past week, the token has entered the list of the top 100 digital currencies by market cap. As of press time, it was changing hands for $0.001122, down by 10% in a major gain pare-off.
However, it remains the 94th most-valued asset, with a market capitalization of more than $579 million.
$BTC $BNB $DOGS #BTC #Binance #doge⚡
In this bearish market sentiment, a recent transaction of Ethereum [ETH] by WazirX exploiters has created an alarming situation, raising concerns of a massive sell-off.
On the 3rd of September, on-chain analytic firm Spot On Chain made a post on X (formerly Twitter) that exploiters had transferred 2,600 ETH worth $6.54 million to Tornado Cash.
However, the exploiters still held a significant amount of 59,156 ETH worth $148.8 million, across nine different cryptocurrency wallet addresses, at press time.
If they sell off their holdings, ETH may witness a significant price decline in the coming days.
Ethereum price action
According to AMBCrypto’s look at TradingView data, following the breakdown of a bearish rising wedge price action pattern, ETH seemed to consolidated within a tight range between the $2,400 and $2,555 levels.
If ETH breaks down this consolidation zone and closes a daily candle below the $2,400 level, there is a high possibility it could fall to the $2,200 level in the coming days.
Additionally, on a four-hour time frame, ETH looked more bearish as it was at an upper level of the consolidation zone, suggesting a potential 4% price drop to the $2,400 level.
Meanwhile, the altcoin’s Relative Strength Index (RSI) was in an oversold territory, which could potentially signal a price reversal.
Bearish signs ahead?
AMBCrypto’s look at the Ethereum exchange reserve via CryptoQuant supported the current bearish outlook, suggesting that ETH may experience a price decline.
Since the 29th of August, ETH’s reserve on the exchanges has been continuously increasing, indicating higher selling pressure from investors and institutions.
The exchange reserve typically rises when investors or institutions are preparing to sell off their assets, prompting them to transfer their holdings from wallets to exchanges.
As of press time, the major liquidation levels were near $2,490 on the lower side and $2,550 level on the upper side, as intraday traders were over-leveraged at these levels, according to Coinglass
$BTC $ETH #Binance
On the 3rd of September, on-chain analytic firm Spot On Chain made a post on X (formerly Twitter) that exploiters had transferred 2,600 ETH worth $6.54 million to Tornado Cash.
However, the exploiters still held a significant amount of 59,156 ETH worth $148.8 million, across nine different cryptocurrency wallet addresses, at press time.
If they sell off their holdings, ETH may witness a significant price decline in the coming days.
Ethereum price action
According to AMBCrypto’s look at TradingView data, following the breakdown of a bearish rising wedge price action pattern, ETH seemed to consolidated within a tight range between the $2,400 and $2,555 levels.
If ETH breaks down this consolidation zone and closes a daily candle below the $2,400 level, there is a high possibility it could fall to the $2,200 level in the coming days.
Additionally, on a four-hour time frame, ETH looked more bearish as it was at an upper level of the consolidation zone, suggesting a potential 4% price drop to the $2,400 level.
Meanwhile, the altcoin’s Relative Strength Index (RSI) was in an oversold territory, which could potentially signal a price reversal.
Bearish signs ahead?
AMBCrypto’s look at the Ethereum exchange reserve via CryptoQuant supported the current bearish outlook, suggesting that ETH may experience a price decline.
Since the 29th of August, ETH’s reserve on the exchanges has been continuously increasing, indicating higher selling pressure from investors and institutions.
The exchange reserve typically rises when investors or institutions are preparing to sell off their assets, prompting them to transfer their holdings from wallets to exchanges.
As of press time, the major liquidation levels were near $2,490 on the lower side and $2,550 level on the upper side, as intraday traders were over-leveraged at these levels, according to Coinglass
$BTC $ETH #Binance
Ethereum [ETH] investors were having a tough time as the bears continued to dominate the market. In fact, the latest data suggested that it might take even longer for the bulls to regain control.
Let’s have a look at why it seemed likely for ETH
Ethereum troublesome future
CoinMarketCap’s data revealed that Ethereum bears pushed the token’s price down by more than 10% in the last seven days. The bearish trend continued in the last 24 hours as ETH’s value dipped by 1.6%.
At the time of writing, Ethereum was trading at $2,486.34 with a market capitalization of over $299 billion.As per IntoTheBlock’s data, 76.8 million ETH addresses remained in profit, which accounted for 63% of the total ETH addresses
In the meantime, Ali, a popular crypto analyst, posted a tweet highlighting an interesting development. As per the tweet, the MVRV Momentum indicated that Ethereum was still in a downtrend
The bad news was that there were no signs of a trend reversal. This clearly suggested that investors might witness the king of altcoins drop further in the coming days
Therefore, AMBCrypto planned to have a closer look at ETH’s state to find out what to expect
ETH’s possible support levels
AMBCrypto’s analysis of Glassnode’s data revealed that Ethereum’s NVT ratio registered a massive spike. Whenever the metric increases, it suggests that an asset is overvalued, hinting at a price correction.
CryptoQuant’s data also revealed quite a few bearish metrics. For example, ETH’s exchange reserve was increasing, meaning that selling pressure was on the rise.
Apart from that, the total number of coins transferred has decreased by -37.28% compared to yesterday. Another bearish metric was the active addresses, as it dropped in the last 24 hours.
Since the aforementioned datasets hinted at a continued price drop, AMBCrypto checked Ethereum’s daily chart to look for possible support zones. The technical indicator MACD displayed a bearish c crossover. Ethereum’s Chaikin Money Flow (CMF) registered a downtick.
Let’s have a look at why it seemed likely for ETH
Ethereum troublesome future
CoinMarketCap’s data revealed that Ethereum bears pushed the token’s price down by more than 10% in the last seven days. The bearish trend continued in the last 24 hours as ETH’s value dipped by 1.6%.
At the time of writing, Ethereum was trading at $2,486.34 with a market capitalization of over $299 billion.As per IntoTheBlock’s data, 76.8 million ETH addresses remained in profit, which accounted for 63% of the total ETH addresses
In the meantime, Ali, a popular crypto analyst, posted a tweet highlighting an interesting development. As per the tweet, the MVRV Momentum indicated that Ethereum was still in a downtrend
The bad news was that there were no signs of a trend reversal. This clearly suggested that investors might witness the king of altcoins drop further in the coming days
Therefore, AMBCrypto planned to have a closer look at ETH’s state to find out what to expect
ETH’s possible support levels
AMBCrypto’s analysis of Glassnode’s data revealed that Ethereum’s NVT ratio registered a massive spike. Whenever the metric increases, it suggests that an asset is overvalued, hinting at a price correction.
CryptoQuant’s data also revealed quite a few bearish metrics. For example, ETH’s exchange reserve was increasing, meaning that selling pressure was on the rise.
Apart from that, the total number of coins transferred has decreased by -37.28% compared to yesterday. Another bearish metric was the active addresses, as it dropped in the last 24 hours.
Since the aforementioned datasets hinted at a continued price drop, AMBCrypto checked Ethereum’s daily chart to look for possible support zones. The technical indicator MACD displayed a bearish c crossover. Ethereum’s Chaikin Money Flow (CMF) registered a downtick.
Millions in Litecoin (LTC) Stun World's Biggest Exchange – Big Market Move on Horizon?
Less than two hours ago, popular blockchain sleuth Whale Alert, which tenaciously monitors large cryptocurrency movements and shares details on their website and on the X platform, spotted a big Litecoin transfer made to the Binance exchange.
This big chunk of LTC, which is about to be sold, has set the cryptocurrency community abuzz. The deposit was made amid an unexpected Litecoin price rise.
200,000 LTC hits Binance from anon wallet
The transfer, carrying 200,000 LTC to Binance, happened earlier today, and it was the equivalent of an impressive $12,765,026.
The community met the news of this enormous Litecoin transfer to the world’s largest crypto exchange, Binance, with a high level of enthusiasm. Several users believe that this LTC deposit indicates that a big market move for Litecoin may be on the horizon. Others believe that a large sell-off may be coming to the digital silver, as Litecoin used to be referred to in the past, next to Bitcoin being called “digital gold.”
In April this year, Litecoin reached a local high of $109 per coin – the price level last seen in July 2023. Currently, LTC is changing hands at $63.33, which is approximately a 36% decline since the peak reached on April 1 and an 84.2% drop since the all-time high of $412.96 scored by LTC on May 10, 2021.
In the last 24 hours, Litecoin has added 3.24%, reaching the $64 price mark. However, since then, LTC has drifted downward by almost 1%.
Bullish LTC turnaround may be on horizon: Santiment
According to a recent report by popular on-chain data aggregator Santiment, recently, LTC discussions on social media have been low. That news was followed by a massive and sudden liquidation of 45,020 net wallets, which held between 0.1 and 1 LTC.
Santiment commented that small investors and traders were capitulating out of this “old gangster” digital asset. However, the analytics team of Santiment believes that once small traders begin to show impatience and capitulate, this frequently indicates that a price reversal for this coin may be on the horizon, and things may start to get bullish once again for it.#Binance #BTC #LTC✅ $BTC $BNB $ETH
This big chunk of LTC, which is about to be sold, has set the cryptocurrency community abuzz. The deposit was made amid an unexpected Litecoin price rise.
200,000 LTC hits Binance from anon wallet
The transfer, carrying 200,000 LTC to Binance, happened earlier today, and it was the equivalent of an impressive $12,765,026.
The community met the news of this enormous Litecoin transfer to the world’s largest crypto exchange, Binance, with a high level of enthusiasm. Several users believe that this LTC deposit indicates that a big market move for Litecoin may be on the horizon. Others believe that a large sell-off may be coming to the digital silver, as Litecoin used to be referred to in the past, next to Bitcoin being called “digital gold.”
In April this year, Litecoin reached a local high of $109 per coin – the price level last seen in July 2023. Currently, LTC is changing hands at $63.33, which is approximately a 36% decline since the peak reached on April 1 and an 84.2% drop since the all-time high of $412.96 scored by LTC on May 10, 2021.
In the last 24 hours, Litecoin has added 3.24%, reaching the $64 price mark. However, since then, LTC has drifted downward by almost 1%.
Bullish LTC turnaround may be on horizon: Santiment
According to a recent report by popular on-chain data aggregator Santiment, recently, LTC discussions on social media have been low. That news was followed by a massive and sudden liquidation of 45,020 net wallets, which held between 0.1 and 1 LTC.
Santiment commented that small investors and traders were capitulating out of this “old gangster” digital asset. However, the analytics team of Santiment believes that once small traders begin to show impatience and capitulate, this frequently indicates that a price reversal for this coin may be on the horizon, and things may start to get bullish once again for it.#Binance #BTC #LTC✅ $BTC $BNB $ETH
Ethereum founder Vitalik Buterin and the Ethereum Foundation (EF) have been criticized by the community for allegedly selling their holdings and dragging ETH prices down. On Friday, Buterin sold over $2 million worth of ETH, which didn’t sit well with some ETH holders and traders.
One such critic, crypto trader CoinMamba, castigated the founder for selling his holdings just days after bull posting that “Ethereum is good.” This, while he avoided addressing the community about it.
Ethereum’s founder, however, defended himself against the criticism, stating that his ETH sales are only for valuable projects.
According to Arkham data, Buterin held about 240k ETH, at the time of writing – Worth about $600 million. The founder reportedly disclosed that he received about 700k ETH from pre-mine three years ago.
Given his current 240k ETH balance, the community is speculating that Buterin sold a considerable chunk and continues to do so. By doing so, they claim he’s denting ETH’s value and its sentiment.
For his part, crypto analyst Ansem defended Buterin’s sell-off and claimed that he should take some profit.
That being said, the Ethereum Foundation recently disclosed its expenditure report after facing similar criticism for selling 35k ETH. Some thought leaders soon after also called for its dissolution.
The aforementioned clarifications could help fight the FUD (fear, uncertainty, and disinformation) that has weighed on the altcoin’s sentiment lately.
At the time of writing, ETH was trading near $2.5k, a level it has consolidated around for four days. This, after retracing from its recent high of $2.8k on the charts.
$ETH $BNB $BTC
#ETH #bitcoin #Binance
One such critic, crypto trader CoinMamba, castigated the founder for selling his holdings just days after bull posting that “Ethereum is good.” This, while he avoided addressing the community about it.
Ethereum’s founder, however, defended himself against the criticism, stating that his ETH sales are only for valuable projects.
According to Arkham data, Buterin held about 240k ETH, at the time of writing – Worth about $600 million. The founder reportedly disclosed that he received about 700k ETH from pre-mine three years ago.
Given his current 240k ETH balance, the community is speculating that Buterin sold a considerable chunk and continues to do so. By doing so, they claim he’s denting ETH’s value and its sentiment.
For his part, crypto analyst Ansem defended Buterin’s sell-off and claimed that he should take some profit.
That being said, the Ethereum Foundation recently disclosed its expenditure report after facing similar criticism for selling 35k ETH. Some thought leaders soon after also called for its dissolution.
The aforementioned clarifications could help fight the FUD (fear, uncertainty, and disinformation) that has weighed on the altcoin’s sentiment lately.
At the time of writing, ETH was trading near $2.5k, a level it has consolidated around for four days. This, after retracing from its recent high of $2.8k on the charts.
$ETH $BNB $BTC
#ETH #bitcoin #Binance
Doge coin
Is Dogecoin a Millionaire Maker?
Popular meme coin Dogecoin (CRYPTO: DOGE)has been a good or bad investment, depending on when you bought it. The cryptocurrency is remarkably up over 28,000% over its lifetime but is down more than 80% from its peak in 2021. Yet, had you bought Dogecoin a year ago, you'd be up over 60% today. In other words, Dogecoin might be the most volatile thing you could invest money in.
Given Dogecoin's huge swings, who am I to say that it can't make investors rich? However, just because something is possible doesn't mean it's likely.
Dogecoin's impressive lifetime returns can seduce risk-seeking investors, but this is an illusion you should avoid.
Here is what you need to know.
Dogecoin is too volatile
Generally speaking, the more risk you take, the more potential reward you get. After all, if life-changing investment returns were easy, everyone would do it. Theoretically, investors looking for significant returns should be comfortable taking on some risk, traveling the bumpier road in pursuit of a better destination. But Dogecoin takes this to an extreme that most people probably can't tolerate.
You can see below that Dogecoin has spent most of its existence trading between 40% and 80% below its all-time highs:
Perhaps the most brutal truth is that Dogecoin doesn't have intrinsic value. Unlike stocks, it has no underlying business or assets that might justify someone paying a higher price. Dogecoin's price depends on how much people want it versus its availability. Dogecoin could easily go forever without sniffing its former high again.
Why might Dogecoin never reach its highs again?
It boils down to two problems with the cryptocurrency itself.
First, Dogecoin is a meme coin created as a lighthearted way for people to learn how cryptocurrencies work. Some merchants have adopted Dogecoin as a form of payment, but it's minimal. It would be hard for enough people to take Dogecoin seriously enough to accumulate it without more widespread adoption. Additionally, the meme coin's intense volatility makes it harder to adopt since almost all companies sell goods and services with costs denominated in fiat currency.#bitcoin #BTC #Binance #BNB $DOGE
Popular meme coin Dogecoin (CRYPTO: DOGE)has been a good or bad investment, depending on when you bought it. The cryptocurrency is remarkably up over 28,000% over its lifetime but is down more than 80% from its peak in 2021. Yet, had you bought Dogecoin a year ago, you'd be up over 60% today. In other words, Dogecoin might be the most volatile thing you could invest money in.
Given Dogecoin's huge swings, who am I to say that it can't make investors rich? However, just because something is possible doesn't mean it's likely.
Dogecoin's impressive lifetime returns can seduce risk-seeking investors, but this is an illusion you should avoid.
Here is what you need to know.
Dogecoin is too volatile
Generally speaking, the more risk you take, the more potential reward you get. After all, if life-changing investment returns were easy, everyone would do it. Theoretically, investors looking for significant returns should be comfortable taking on some risk, traveling the bumpier road in pursuit of a better destination. But Dogecoin takes this to an extreme that most people probably can't tolerate.
You can see below that Dogecoin has spent most of its existence trading between 40% and 80% below its all-time highs:
Perhaps the most brutal truth is that Dogecoin doesn't have intrinsic value. Unlike stocks, it has no underlying business or assets that might justify someone paying a higher price. Dogecoin's price depends on how much people want it versus its availability. Dogecoin could easily go forever without sniffing its former high again.
Why might Dogecoin never reach its highs again?
It boils down to two problems with the cryptocurrency itself.
First, Dogecoin is a meme coin created as a lighthearted way for people to learn how cryptocurrencies work. Some merchants have adopted Dogecoin as a form of payment, but it's minimal. It would be hard for enough people to take Dogecoin seriously enough to accumulate it without more widespread adoption. Additionally, the meme coin's intense volatility makes it harder to adopt since almost all companies sell goods and services with costs denominated in fiat currency.#bitcoin #BTC #Binance #BNB $DOGE
#Bitcoin❗
Bitcoin is going down little more if it breaks it's level we could see more downfall in it
#ETH🔥🔥🔥🔥
2500 usdt cross next target 3000 usdt hopefully t reach soon
#pepe⚡
Pepe coin is still on its level hopefully more people buy the coin and enjoy the profit
Note:Updates given are my personal opinion so invest on your risk
Next update
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For more updates
Don't forget to follow me and vote me.
#Binance #BTC $SOL $BTC $PEPE
Bitcoin is going down little more if it breaks it's level we could see more downfall in it
#ETH🔥🔥🔥🔥
2500 usdt cross next target 3000 usdt hopefully t reach soon
#pepe⚡
Pepe coin is still on its level hopefully more people buy the coin and enjoy the profit
Note:Updates given are my personal opinion so invest on your risk
Next update
BNB
TRX
DOGS
SOL
PEPE
BTC
ETH
LTC
BCH
For more updates
Don't forget to follow me and vote me.
#Binance #BTC $SOL $BTC $PEPE
#pepe⚡
As I told all we will see dump in Pepe coin .
So you can see it.
I tell everybody to start buying Pepe coin as it is the right time to invest and make profit.
I hope you all will make good profit this time
#pepe⚡ #BTC #Binance #bitcoin
will be posting more updates on
BTC
ETH
BNB
TRX
DOGE
PEPE
FLOKI
DOGS
NOT
I request everyone to please vote for me if you like my prediction
$BTC $ETH $BNB
Vote for me.
Do follow me
As I told all we will see dump in Pepe coin .
So you can see it.
I tell everybody to start buying Pepe coin as it is the right time to invest and make profit.
I hope you all will make good profit this time
#pepe⚡ #BTC #Binance #bitcoin
will be posting more updates on
BTC
ETH
BNB
TRX
DOGE
PEPE
FLOKI
DOGS
NOT
I request everyone to please vote for me if you like my prediction
$BTC $ETH $BNB
Vote for me.
Do follow me
#doge⚡
As u saw my prediction on Pepe coin now I will give you update Dogs coin
very soon we can see dump and pump in the dogs I recommend all to buy Dogs coin and hold it
we can make good profit n Dogs
Next big update
BTC
TRX
FOLKI
BNB
PEPE
DOGS
Note:
It's my personal opinion so invest carefully
Hopefully all vote for me also
#BTC☀
#Binance $BTC $DOGS $PEPE
As u saw my prediction on Pepe coin now I will give you update Dogs coin
very soon we can see dump and pump in the dogs I recommend all to buy Dogs coin and hold it
we can make good profit n Dogs
Next big update
BTC
TRX
FOLKI
BNB
PEPE
DOGS
Note:
It's my personal opinion so invest carefully
Hopefully all vote for me also
#BTC☀
#Binance $BTC $DOGS $PEPE
#pepe⚡
#pepecoin🐸
As I told you previously that we can see movement in Pepe coin so u all have watched the movement.
We are hoping for another movement soon till then let's wait and watch the market.
Hoping for the movement very fast
NEXT updates may be of
BTC
ETH
BNB
DOGS
TON
TRX
we will post updates n Trx coin soon just analyzing the coin till then wait do follow me for more updates
#BTC
#bitcoin
#Binance
$BTC
$BNB
$SOL
#pepecoin🐸
As I told you previously that we can see movement in Pepe coin so u all have watched the movement.
We are hoping for another movement soon till then let's wait and watch the market.
Hoping for the movement very fast
NEXT updates may be of
BTC
ETH
BNB
DOGS
TON
TRX
we will post updates n Trx coin soon just analyzing the coin till then wait do follow me for more updates
#BTC
#bitcoin
#Binance
$BTC
$BNB
$SOL
#TrxUstd PUMPED HARD
$TRX 47.47% UP SINCE UPDATE on X
WITHOUT ANY LEVERAGE IN SPOTS😎
#BecomeCreator
#BinanceSquareFamily
#BTC
BTC
ETH
TRX
BNB
PEPE
SHINE
$BTC $BNB
$TRX 47.47% UP SINCE UPDATE on X
WITHOUT ANY LEVERAGE IN SPOTS😎
#BecomeCreator
#BinanceSquareFamily
#BTC
BTC
ETH
TRX
BNB
PEPE
SHINE
$BTC $BNB
Pepe big pump soon start investing n Pepe coin
#BecomeCreator #BinanceSquareFamily #Binance #bitcoin #pepe⚡ $BTC $PEPE $BNB bnb
Pepe
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#BecomeCreator #BinanceSquareFamily #Binance #bitcoin #pepe⚡ $BTC $PEPE $BNB bnb
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