Recent data suggests an appreciation in the price of #Bitcoin in the coming weeks. However, there are worrying indicators identified by Cryptoquant. ( A decline in #USDT market capitalization, and miner selling activity, which could indicate profit-taking.) #Crypto #BTC☀
Big turnaround for Grayscale #Ethereum Trust (ETHE)! #ETHE traded at a discount (investors couldn't cash out) but surged to a 0.31% premium on July 3rd (data: YCharts).
Technical analysis suggests that #XRP may find support at its long-term (weekly) ascending trendline, which has been in play since March 2020! Previous jumps from this line have resulted in gains of 77% and 62%. This time, #Xrp🔥🔥 rally 59% to hit resistance at $0.74! #Ripple💰
#PEPE falls 8% to $0.0000104, breaking ascending trendline support. If it closes below, we could see an 11% drop to $0.00000912. With a bearish #Crypto market, #pepe⚡ could even test $0.00000788. #mememcoinseason2024
#Chainlink bulls are on the move! Price surged past $14.50 after bouncing from support at $13.07. Daily close above this level could see #LINK 9% to test $16!
According to coinglass, #Bitcoin spot #ETFs saw a $31M inflow on Tuesday, snapping a 7-day streak of $1.13B in outflows! This surge shows renewed interest from institutions and retail investors, likely impacting #BTC☀ price and market dynamics.
According to intotheblock , the #Ethereum Foundation typically sells between $60 million and $100 million worth of $ETH during bull cycles. However, they have not yet made significant sales this cycle. This means we haven't reached the peak or their strategy has changed.
Will Trader_Kamikaze
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#Ethereum recent crash could be just the gold buying opportunity traders have been waiting for! With the potential launch of ETH #ETFs on the horizon. If #ETH continues its uptrend since October 2023, watch out for resistance at $3,646!
#Ethereum recent crash could be just the gold buying opportunity traders have been waiting for! With the potential launch of ETH #ETFs on the horizon. If #ETH continues its uptrend since October 2023, watch out for resistance at $3,646!
#Shibalnu is trading at $0.0000016, with investors snapping up around 417.43 trillion tokens!📈 Reclaiming the $0.0000018 level is key for this #memecoin to find solid support. #Shib #memecoin🚀🚀🚀
#BNB price has fallen below an ascending trendline!🚨 If this trendline holds as resistance and the daily candle closes below $560, we could see BNB drop 9% to retest its previous support at $506. #BSC #Binance
While #Bitcoin holders take profits, signaling possible price drops, #Ethereum holders stand strong, betting on future gains. #Crypto market cap has recovered from its recent crash – exciting times ahead!
#Chainlink whales are cashing in and distributing their tokens! @SantimentFeed data shows an increase of almost 9% in the supply of #LINK on exchanges on June 21st. This increase coincides with the increase in profit taking, as seen in the network's realized L/P metric.
Will Trader_Kamikaze
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#Chainlink is in a downtrend in March. If it fails to close above $14, it could fall 4% from current levels to $12.91, corresponding to its June 18 low. In more extreme cases, #LINK could seek support at $11.77.
#Chainlink is in a downtrend in March. If it fails to close above $14, it could fall 4% from current levels to $12.91, corresponding to its June 18 low. In more extreme cases, #LINK could seek support at $11.77.
Based on technical analysis and available data, here are the suggested entry and exit points for a trade on Solana (SOL/USDT): Entry Points:
• Proposed Entry Point: Around $120 (specifically $119.196 as indicated on the chart). • Reason: This level represents a strong support zone, which could potentially lead to a price rebound if maintained. Exit Points: • First Exit Point (Profit Taking): Around $175 (specifically $175.852 as indicated on the chart). • Reason: This level represents a strong resistance zone, where the price might face difficulty breaking through in the short term. • Stop-Loss Point: Around $110. • Reason: If the price breaks below the support level at $120, it may continue to decline further, hence setting a stop-loss helps mitigate potential losses.
▫️Trading Strategy:
1. Enter the Trade: Buy Solana when the price approaches around $120. 2. Take Profit: Sell a portion of your position when the price reaches approximately $175 to secure some profits. 3. Stop-Loss: If the price drops to $110, sell the position to limit potential losses. Additional Indicators: • Relative Strength Index (RSI): Indicates the price is in overbought territory, suggesting a potential for price rebound. • Synett Indicator: Shows a buy signal, supporting the idea of entering the trade at the support level.
▫️Summary: You can enter a long position in Solana around $120 with a profit target set around $175 and a stop-loss at $110. Monitor market news and developments regularly to adjust your strategy as necessary. $SOL
#BOME may fall to historic lows as a bearish flag forms on the H4 chart. If support at $0.0084 is lost, it could trigger a sell-off down to $0.0069. Stay cautious!⚠️ #Memecoin #bookofmeme
#NEAR price rose 3% on Friday, continuing its recovery from ascending trendline support. With support between $4.93 and $4.31, #NEAR could rise 20% from the current level of $5.33 to $6.42, the previous resistance! #NEARProtocol
More than $60 million worth of #Dogecoin futures were liquidated this week, with bull traders taking 90% of the impact. 💔 On June 17, $44 million in LONG contracts were closed, followed by another $18 million. Meanwhile, only $2 million in SHORT contracts have been awarded. #doge⚡