Terra Luna Classic (LUNC) burn did not help: The decline may deepen.
Terra Luna Classic ($LUNC ) faced a price drop, decreasing open interest and decreasing trading volume despite the last 15 million token burn. LUNC, which is well-known in the Turkish crypto ecosystem, is followed by investors, although not as much as before. So what factors should investors pay attention to during this process? What are the prominent levels for the parity?
Terra Luna Classic (LUNC) is traded at $0.00009008 as of the writing of the news and has experienced a 4.19 percent decrease in the last 24 hours. The popular altcoin's 24-hour trading volume was recorded as $27,294,595.
LUNC increased by 0.37 percent in the last seven days, indicating that some stability has been achieved despite volatile market conditions. The token’s circulating supply is estimated to be around 5.7 trillion, while its total market value is around $513.1 million.
The price change occurred after 15 million LUNC were burned on October 22. This burning was part of a deflationary strategy aimed at increasing the price by reducing the supply. However, the short-term impact on the price was limited and the decline continued.
LUNC’s price chart shows the efforts of buyers trying to push the price up with an ascending trend line. In recent weeks, the price has found support from the trend line by making higher lows.
If the price continues this upward trend, this could be a positive signal for bullish momentum. However, the resistance zone at $0.00012740 needs to be broken for the price to gain upward momentum. A permanent break above this level could provide further price gains with additional buying pressure. In downward movements, the levels of 0.00008850 and 0.00006390 can be followed as support.
$BTC $ETH
#CryptoDeNostradame #ParrotBambooCrypto
I know a lot of you are feeling worried about the market. I’ve gotten many messages from people scared to buy or even hold their current assets. Here are a few insights from my years of experience:
1. **Tether FUD**: Tether rumors often mark market bottoms. This kind of news isn’t new; we’ve seen it for almost a decade, and this time it only lasted minutes.
2. **War Impact**: Sadly, wars often boost markets—not immediately, but crypto can act as a hedge in times of conflict.
3. **BTC Dominance**: BTC dominance has likely hit or is near its peak. After the Israel news, altcoins dropped, and BTC dominance rose sharply.
4. **Elections**: With U.S. elections days away, we might see one last drop before a major pump.
The market still looks strong, and BTC is holding around 67K. If you’re still nervous, crypto might not be the right space for you.
🚀 Bitcoin's Wild Ride! 🚀
Bitcoin enthusiasts, buckle up! Friday night was a rollercoaster for BTC, with prices plummeting by $3,000 in mere minutes before bouncing back to around $67,000. The week started strong, with BTC hitting $69,500, its highest since July. But volatility struck, especially after a WSJ report about a US investigation into Tether, causing a sharp drop to $65,500.
Despite the chaos, Bitcoin's market cap stands at $1.320 trillion, and its dominance over altcoins has surged to 55.7%. The crypto market shed $70 billion overnight, but BTC remains resilient. 🌟
Stay optimistic, Bitcoiners! 🚀
$OP is finding stability around the $1.48 support mark, though resistance looms ahead. Should $OP break past these resistance levels, the target of $3.72 becomes feasible, fueled by $BTC ’s resilience, driving market volume and a potential bullish lift.
In the previous rally, 170% of the gain has been tracked.
This whale has finally cashed out after holding ETH for over 10 months!
Back on January 6, he withdrew 8,800 ETH (worth $19.82 million) from #OKX and staked it. Fast forward to October 17 and October 25, he deposited all 8,982 ETH (now worth $22.93 million) back to OKX, making a modest ~$3 million profit.
Interestingly, if he had sold at ETH’s peak in March, he could have made over $16 million in profit!
Wallet address: 0x8B3c580AA3Fe78568e783Cb6CF1115c58362971b.
#ETH $ETH
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Whale Traps: How Big Players Manipulate the Crypto Market
In cryptocurrency markets, whale traps are strategies where large holders, known as “whales,” manipulate prices to influence smaller investors into making risky moves. Here’s how it typically unfolds:
1. The Pump: Whales buy up a large amount of a cryptocurrency, driving its price up quickly. This sudden surge generates FOMO (fear of missing out) among retail investors, enticing them to jump in, thinking the asset will keep climbing.
2. The Dump: Once the price hits a peak and smaller investors are heavily involved, whales offload their holdings. This sell-off causes the price to crash, leaving retail investors with steep losses as the whales secure their profits.
Essentially, whale traps benefit large players by creating misleading market signals. To avoid falling for these traps, traders should be cautious of sudden, unexplained price jumps and watch for unusually large buy or sell orders.
#BinanceBlockchainWeek #USJoblessClaimsDip
🚨🔥 $OM /USDT ON THE RISE – READY FOR THE NEXT BIG MOVE? 🔥🚨
OM is climbing with a solid gain of +2.4% today, hitting $1.2891 USDT as it eyes critical resistance levels. With high trading volume and volatility, this Layer 1 token could be gearing up for a major breakout. Will it surge higher or pull back to consolidate?
💰 Current Price: $1.2891 USDT
📈 24H High: $1.3165 USDT
📉 24H Low: $1.2205 USDT
📊 Volume: 12.65M USDT
💡 KEY LEVELS TO WATCH 💡
🚧 Resistance at $1.32 – If OM can break through this level, it might unlock a path to new highs, drawing in more bullish momentum.
📉 Support at $1.27 – Holding this support is crucial to maintain its upward trend. A drop below could lead to a retest of recent lows.
⚡ Eyes on OM – Will it keep climbing or stabilize? This could be the start of a powerful move, so stay tuned!
#CryptoTrends #OM #Binance #Layer1 #MarketWatch $OM
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HOW CAN A BEGINNER EARN IN CRYPTO MARKET? 📊
$BTC $SUI $TON #Bitcoin❗
1. Educate Yourself : Learn the basics of blockchain, cryptocurrencies, and trading strategies. Resources like online courses, forums, and tutorials can be helpful.
#ETH🔥🔥🔥🔥
2. Start Small : Begin with a small investment to minimize risk. Only invest what you can afford to lose.
3. Choose the Right Exchange : Use reputable exchanges with low fees and good liquidity. Popular options include Coinbase, Binance, and Kraken.
4. Focus on Trading Pairs : Start with well-established cryptocurrencies like Bitcoin and Ethereum. Look for trading pairs that have high volume and volatility.
5. Set Clear Goals : Define your daily profit target and stick to it. Avoid the temptation to chase larger profits.
6. Use Technical Analysis : Learn to read charts and understand indicators like moving averages and RSI (Relative Strength Index) to make informed trading decisions.
7. Implement Stop-Loss Orders : Protect your capital by setting stop-loss orders to limit potential losses.
8. Diversify Your Investments : Don’t put all your funds into one cryptocurrency. Spread your investments across multiple assets to reduce risk.
9. Stay Informed : Follow crypto news and market trends to make timely decisions. Use platforms like Twitter, Reddit, or crypto news websites.
10. Practice with Paper Trading : Before risking real money, practice your strategies through paper trading or simulators.
11. Consider Arbitrage Opportunities : Look for price discrepancies across different exchanges to buy low and sell high.
12. Be Patient and Disciplined : Successful trading takes time. Avoid impulsive decisions and stick to your plan.
By following these tips and continuously learning, beginners can work towards consistent earnings in the Crypto Market.
#BinanceBlockchainWeek #USJoblessClaimsDip #BTC67KRebound
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James Fickel (@jamesfickel) just took a heavy loss of ~22,500 ETH (worth $55 million) after going long on the BTC/ETH trading pair!
From January 10 to July 1, James borrowed 3,061 WBTC (worth $172 million) from #Aave and swapped it for 56,445 ETH at a rate of 0.05424. Fast forward to August 7, he spent 12 million USDC to buy 211 WBTC and exchanged 47,476 ETH for 1,888 WBTC (worth $113.5 million) to start paying down his Aave debt.
Currently, he has 980 WBTC (valued at $132 million) in debt on Aave, taking a substantial net loss of around 22.5K ETH ($55 million).
For more details, check out his wallet address: 0xd85351181b3f264ee0fdfa94518464d7c3defada.
$ETH
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Critical development in Ripple: XRP price may move!
Ripple (XRP) has filed an appeal with the US Securities and Exchange Commission (SEC).
Ripple Labs has targeted some critical elements in its ongoing legal battle with the SEC with a cross-appeal filed with the US Second Circuit Court of Appeals. This appeal is a response to the SEC's appeal filed last week. The SEC's appeal targets certain aspects of the decision partially ruled in favor of Ripple regarding XRP sales in 2023. Ripple's appeal process has attracted widespread attention, especially due to its impact on future regulations of digital assets.
Ripple's General Counsel Stuart Alderoty said in a statement on the social media platform X, "The Court of Appeals will review the existing records and no new evidence will be presented. Therefore, the document discussions experienced in the previous case will not be repeated."
Ripple does not accept that institutional $XRP sales are classified as unregistered securities transactions. This situation led to a $ 125 million fine against the company. The company argues that this decision is based on a misinterpretation of the definition of “investment contract” in the Securities Act of 1933.
According to the company, the court found the definition of an investment contract to be flawed, which requires that the investment contract impose obligations on the seller after the sale and grants the buyer the right to profit from the seller’s efforts. Ripple also claims that the SEC did not provide fair warning that the sale of XRP would violate the law. The company states that the uncertainty about how digital assets will be implemented under existing securities laws poses a major legal problem.
As of the writing of the news, XRP, which is trading at $0.5238, may fall to $0.5143 - $0.4778 and $0.4313, respectively, as regulatory pressure continues.
$BTC $ETH
#CryptoDeNostradame #ParrotBambooCrypto
🚨 Israel Attacks Tehran: Ripples Through the Crypto Market 🌍💥
Breaking news of Israel’s sudden attack on Tehran, Iran’s capital, is sending shockwaves through the cryptocurrency market. Here’s what we’re seeing so far:
1. Bitcoin (BTC) has dropped sharply, down 2% in the last hour alone, falling below the critical $66,000 mark. Over the past 24 hours, it's down 3.3%, as investors brace for more volatility.
2. Ethereum (ETH) mirrors BTC’s dip, losing 3% and now priced at $2,420.
3. GOAT (Goatseus Maximus), a hot new altcoin, took the biggest hit – down 6.7%, slipping to $0.67.
🧨 Market Cap Impact – The entire crypto market capitalization has plunged by 3.27%, now at $2.25 trillion. In the last 24 hours, the market saw $313.16 million in withdrawals, with most liquidations coming from long positions ($255.91 million), while short positions accounted for $57.24 million.
💹 Technical Analysis Outlook – TradingView’s technical analysis stays bullish overall, recommending a "buy" based on 11 indicators. However, oscillators are shifting from "neutral" to "sell," hinting that the market may see more turbulence.
With this intense geopolitical backdrop, investors should watch closely as more volatility could be on the horizon. 🌐 Stay prepared!
#CryptoNews #BTC #ETH #Therapydogcoin #EthereumPectraUpgrade $BTC $ETH $SOL
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🚀 Bitcoin Rollercoaster: Tether Drama Shakes the Market! 🚀
Friday night was a wild ride for Bitcoin and altcoins as a controversial Wall Street Journal report claimed Tether was under federal investigation. Tether’s CEO Paolo Ardoino quickly denied these allegations, calling them "old noise." Despite the denial, the market felt the shockwave.
💥 Liquidations soared to over $400 million, with BTC plunging from nearly $69,000 to $65,500 before bouncing back to around $67,000. Over-leveraged traders took a massive hit, with almost 150,000 accounts liquidated.
Stay tuned, BTC enthusiasts! 🌐
🚨 How Israel-Iran Tensions Could Shake the Crypto Market! 📉
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Escalating geopolitical conflicts, like the one between Israel and Iran, create ripples that extend far beyond politics. So, how does it affect crypto?
Major conflicts often cause economic uncertainties, making investors anxious. Typically, traditional assets like gold surge as people seek safe places to store their wealth, but what about digital currencies?
Although crypto is often viewed as "digital gold," investors sometimes hesitate to rely on it during global instability, leading to unexpected price drops.
Yet, if the dollar weakens significantly over time, we might see Bitcoin and other digital assets rise as alternatives to traditional currency investments.
Crypto markets are, after all, linked to global sentiment, so what happens on the geopolitical stage matters here too.
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#EmperorMajesty #BTC67KRebound #BreakingCryptoNews #btc73k #BTC500K $ETH $SOL
🚨🔥 $TNSR /USDT AT A CRITICAL RESISTANCE – PREPARE FOR A BIG MOVE! 🔥🚨
The $TNSR /USDT chart is flashing a potential breakout or breakdown setup on the 15-minute timeframe. Price is currently hovering around a significant resistance zone at $0.4301, after experiencing a strong upward momentum. A breakout above this level could spark a bullish continuation, while a rejection might push the price back into its lower support zone.
💡 Key Levels to Watch:
• Resistance Zone: $0.4301 – A clean break above this resistance could signal entry for a long position, targeting $0.4450 in the short term and potentially $0.4600 in the long term.
• Support Zone: $0.4200 – This acts as the current support. If the price dips below, a short position might be ideal, aiming for $0.4100 and a further move toward $0.3950 if bearish momentum picks up.
🔄 Trade Entry Strategy:
• Long Entry: Above $0.4310 with a stop loss at $0.4250, aiming for $0.4450 (short-term) and $0.4600 (long-term).
• Short Entry: Below $0.4200 with a stop loss at $0.4280, targeting $0.4100 initially, with a deeper target of $0.3950.
📉 Risk Management: This market is volatile; tight stops are essential to protect against sudden reversals. With these levels, traders should be prepared for quick exits if the market direction shifts.
#EthereumPectraUpgrade #ETHBTCNewLow #CryptoPreUSElection #BTC67KRebound #USJoblessClaimsDip
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$USDC $USDC $USDC The recent minting of over 241 million USDC by the USDC Treasury on the Ethereum blockchain is a notable move. Significant minting events like this can impact market liquidity and signal that major institutional or platform-level activities may be forthcoming, such as exchanges replenishing reserves, or preparing for high demand.
The two separate transactions include:
1. 191,287,644 USDC in the first transaction.
2. 50,148,217 USDC in the second transaction.
Large-scale minting typically attracts attention from market participants and analysts, as it could influence both the stablecoin’s supply and its related trading volumes across platforms.