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$VANA M30 Bullish Idea. Recent listing to major exchanges has pumped the market and now in a downtrend after making ATH earlier. Correction now has totaled to 39.49%, wherein if price bounces from hereon, it means the coin has continued its bullish momentum. VAL serving as strong support right now. Predicting the ranging price in case round 2 of the bullish push occurs. I have $44 and $49 price zones as potential targets. If price sustains trading above $25.5, an EMA GX scenario is likely. MACD currently showing weakened selling pressure. Still observing if lines would make a bullish median crossover soon.
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$VANA with that maxed out negative funding. Damn!
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✅ Ripple’s RLUSD stablecoin, pegged to $1, is seeing bids of up to 836 $XRP ($2,068) on onchain marketplaces ahead of launch. ✅Enthusiasts aim to be among the first holders, driving speculation. ✅ RLUSD launch on the XRP Ledger may cause brief price deviations due to low initial liquidity, but the peg is expected to stabilize. ✅ RLUSD debuts Tuesday with support from platforms like Uphold, MoonPay, Archax, and CoinMENA. ✅ Ripple CTO reassured that prices would return close to $1 once supply normalizes.
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Here's my quick insight of the current market. — Bitcoin's ongoing move keeps market volatility elevated. ✅ ALT/BTC pairs may experience sharp declines as liquidity shifts toward Bitcoin. ✅ ALT/USDT pairs are relatively stable, but price action remains confined within a broad range. — How should we deal with this? ✅ For spot portfolios: Stay calm and patient—it's a safe zone. ✅ For high-leverage positions (above 5x): Exercise caution. The market may see sudden wicks, so monitor your trades closely and adjust if needed.
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Total Crypto Market 24H Liquidation (12/17/2024,10:39 AM UTC+10) 🔴LONGS: $219.11M 🟢SHORTS: $151.64M A total of 117,752 traders got liquidated, resulting in total liquidations amounting to $370.74M. Notably, the largest single liquidation order, valued at $13.74M, occurred on Bitmex for #ETH/USD.
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