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📢 Attention Crypto Community! LooksRare has just updated their tokenomics and started a $LOOKS token burn!🔥 Now, 50% of fees from their new initiatives like YOLO and Raffles are being used to purchase #looks from the market.📈 A strategic move for the ecosystem! #cryptonewstoday #LooksRare

📢 Attention Crypto Community!

LooksRare has just updated their tokenomics and started a $LOOKS token burn!🔥

Now, 50% of fees from their new initiatives like YOLO and Raffles are being used to purchase #looks from the market.📈

A strategic move for the ecosystem!

#cryptonewstoday #LooksRare

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🪙 Altcoins That Can Rise Most Quickly When BTC Returns ♻️
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Why Bitcoin Price Fell Suddenly ⬇️ The pre-halving correction in Bitcoin price coupled with macro and geopolitical factors pulls down BTC price, with no major buying from whales and large investors. Coinglass data shows more than $330 million were liquidated across the crypto market amid this strong correction. Of these, $260 million long positions were liquidated and nearly $70 million short positions were liquidated on Tuesday. Bollinger bands (blue) indicator reveals BTC price is in a downside trend, failing to break above the 20-simple moving average (orange). Ichimoku Cloud shows price continue to move under support and the selling pressure is rising as trend reversed, with the cloud widening. Popular analyst Michael van de Poppe predicts a $55K level is likely as BTC price holds up on support after a lower timeframe rejection. However, he believes Bitcoin will hold near current levels and start a slow upward momentum. The bearish divergence stays valid as consolidation for the post-halving rally builds up. The global macroeconomic events caused US dollar index (DXY) to climb above 106.23, continuing to rise higher. Whereas, the US 10-year Treasury yield jumped to a high of 4.663% today on open. As Bitcoin moves opposite to DXY and Treasury yields, a rise in both DXY and 10-yr treasury yield has caused a sudden fall in Bitcoin price below $62k, triggering a crypto market selloff. $BTC #BullorBear #bitcoinhalving #BTC
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Whale Transactions Hint at Cautious Optimism for Pendle Price Recovery 📊 Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88. As per the Fibonacci retracement tool, the Pendle rebounded from the 50% pullback, indicating constructive correction which allowed buyers to recuperate its strength. With an intraday gain of 1%, the coin buyers are likely to challenge the swing high resistance of $7.53. A successful breakout from this barrier will favor buyers with suitable flipped support to chase a higher price target of $10, followed by $12. However, SpotOnChain recently reported a noteworthy transaction involving a wallet identified as 0x01f, which deposited 400K PENDLE tokens into Binance. This transaction came after a year of dormancy and is significant in value at approximately $2.68 million. The same wallet had previously vested 1.8 million PENDLE from Pendle Finance in 2022, valued at $264K at the time, and still holds 1.4 million PENDLE, now worth $9.42 million. A possible interpretation of this transaction is that the whale does not expect an aggressive rally for Pendle price in the near term, and therefore booking partial profit. Technical Indicators Relative Strength Index: The daily RSI slope at 65% hints a marker participants project a bullish outlook for Pendle. BB indicator: The upswing in the upper boundary of the Bollinger band indicator reflects retail buyers are still active toward this asset. $PENDLE #BullorBear #graphicanalysis #whale
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ETH 3G Logarithmic Chart 📈⬆️ In this work, we can follow the major channels of the instrument. The 2017 rally top formed the expected price action as the bottom of the 2021 rally. At the moment ETH is performing much weaker compared to Bitcoin. As long as it moves within the current rising channel, there is not much problem. The trend is your friend. $ETH #BullorBear #ETH #Analysis
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Top Altcoins to Stack Next Week for Minimum 2x-5x Profits 🚀 The post Top Altcoins to Stack Next Week for Minimum 2x-5x Profits appeared first on Coinpedia Fintech News With less than 1000 blocks left for Bitcoin Halving, the altcoins present a shift in the underlying gears to fuel the next sprint. As the anticipations of a bull run in Bitcoin with the Halving event grow intense, the altcoin season could follow behind it. With such optimism in the market, altcoins showcase the potential for a 2x-5x jump. Smart money and investors are constantly looking for such altcoins. So, let’s examine our choice of top altcoins to buy next week for a minimum profit of 2x to 5x. $TAO $SFP $ONDO Bittensor (TAO) With a 150% return in 2024, the bull run in the TAO token price shows a massive jump this year. As the bitcoin halving comes closer, the altcoin shows immense potential for a comeback. Safepal (SFP) With a massive turnaround rally for Safepal, the SFP token has jumped from $0.18 last year to $1 this week. However, the buyers fail to sustain dominance above $1 leading to a pullback to $0.86. Ondo (ONDO) With a 14% intraday jump, the ONDO token swims against the market-wide bearish wave. The ongoing pullback is trading closer to the 50D EMA and $0.70 mark. As per the trend-based Fibonacci levels, the ONDO price could skyrocket in the coming week to prolong the prevailing uptrend. If the uptrend manages to surpass the $0.97 peak, the breakout rally could easily top the $1 psychological mark. #bitcoinhalving #BullorBear
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