OUR #POPCAT ENTRY'S RESULTS ARE AVAILABLE NOW!
Following POPCAT's recent rejection, we are searching for the optimum price to achieve our desired profits, either fully or partially. We have determined the demand regions where the majority of people would consider using POPCAT's discounted price. We are currently anticipating POPCAT's next market price action while considering the potential for a complete market shift.
WHAT WILL BE THE NEXT PRICE ACTION AS $AUCTION GETS CLOSE TO OUR LONG LIMITS?
AUCTION has not fully broken down to the limit orders we have noted and has been stagnating. Nonetheless, we think that the price action will keep determining the lowest prices for the best long positions that each and every buyer will take. As a result, we have also taken the time to complete long limit entries at the likely important levels. We use this method to determine the true worth of AUCTION following its brief decrease after this year's ATH. Once the market generates another potential move, other opportunities will arise, and we may then initiate further transactions.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.
#GAINERSPACK #TRADEANDEDUCATE #EARNINGDAILY
🚀 Big news from Ripple! XRP soared 10% after CEO Brad Garlinghouse announced that their stablecoin, RLUSD, received the green light from the New York Department of Financial Services. Ripple's move into the stablecoin market is heating up, with RLUSD already in beta on XRP Ledger and Ethereum. 🌐
Ripple aims to shake up global payments and asset tokenization, challenging giants like Tether and Circle. With the stablecoin market set to explode, could RLUSD be the next big thing? Share your thoughts below! 👇 #CryptoNews #Ripple #XRP
🚀 Big news in the crypto world! Ripple's stablecoin, RLUSD, just got the green light from the New York Department of Financial Services. Ripple CEO Brad Garlinghouse announced the approval, sparking a 10% surge in XRP, the native token of the XRPL network.
- RLUSD aims to tap into the booming stablecoin market, currently dominated by Tether and Circle.
- Ripple is positioning RLUSD for global payments and real-world asset tokenization.
- The token is in beta on XRP Ledger and Ethereum, with $52.1 million already circulating.
What do you think about Ripple's move into stablecoins? Share your thoughts below! 💬
JOE BIDEN SHOULD SELL OFF U.S BITCOIN HOLDING SAYS PETER SCHIFF
Peter Schiff, a well-known economist and Bitcoin critic, is urging Joe Biden to sell all US government Bitcoin holdings. Schiff believes that selling the government's Bitcoin would be a good thing, as it would help reduce the 2024 budget deficit.
According to Schiff, the proceeds from the sale would solve the budget deficit, and it would also end the idea of creating a Strategic Bitcoin Reserve, which he thinks is "nonsense". Schiff also pointed out that Donald Trump, the US President-elect, never promised to buy more Bitcoin, only that he wouldn't sell what the government already owns.
It's worth noting that the US government currently holds 198,109 BTC, worth around $19.33 billion. However, Schiff's suggestion has sparked debate about the role of cryptocurrency in financial strategy.
Web3 AI platform Hyperbolic has successfully closed a $12 million Series A funding round, co-led by Variant and Polychain Capital. This latest investment round also saw participation from notable investors such as Chapter One, Lightspeed Faction, IOSG, and others, bringing the company's total funding to $20 million. Hyperbolic is focused on providing AI infrastructure and services through a decentralized network of GPU power, leveraging blockchain technology. The funds will be used to expand their engineering team and further develop their blockchain. Additionally, Hyperbolic has launched a cloud-hosted GPU marketplace, described as an "AI Rainforest," offering a comprehensive ecosystem for AI builders.
Solana Holds At Key Support, Price Rebound Looming
Since the latest negative rise failed to breach below $209, Solana (SOL) remains stable. After recent price changes, SOL's stability at this critical zone has raised hopes of a comeback. With market dynamics changing and technical signs muddled, can bulls take command and push SOL higher or will it fall?
Bearish Pressure Eases: Can Solana Bulls Help?
Solana's response at the $209 support level has been crucial to its bullish structure. The price has exhibited early indications of a comeback after testing this critical level, signaling negative pressure is receding and buyers may be recovering control.
The response at $209 has market players expecting a rise toward $240, the next resistance level. SOL must overcome surrounding resistance zones like $240 and $260 to continue rising. A break above these levels might start a bigger upswing.
If the comeback fails, the $209 support might be retested, raising the possibility of a further fall. The early response and indications of recuperation suggest Solana may be ready for another step up in the coming sessions.
Technical Indicators May Turnaround
The 4-hour Relative Strength Index (RSI) has entered the oversold zone, indicating increased selling pressure and a possible bearish trend exhaustion. The RSI is trying to move out of this zone, signaling a momentum change as purchasing activity returns.
Moving out of oversold territory is usually a positive indicator that sellers may be losing control and allowing buyers to take over. If the RSI breaks the oversold barrier, it may initiate a wider recovery phase with rising volume and favorable price movement.
Finally, Solana's price remains above the 1-day 100-day Simple Moving Average (SMA), confirming its upward trend despite market swings.
#Solana #SOL #MicroStrategyAcquiresBTC #AltSeasonBoom? $SOL
{spot}(SOLUSDT)