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Arbitrum (ARB) Faces Potential $1 Price Drop as Investors Sell Arbitrum (ARB) price is at risk of falling due to its failure to break a critical resistance level. Whether the price drops further depends on whether investors decide to sell for profit or hold onto their investments. Arbitrum (ARB) price is currently vulnerable to a correction despite overall positive market signals. This vulnerability stems from ARB’s inability to surpass a crucial resistance level. The extent of any potential decline largely depends on whether investors choose to take profits. If investors refrain from selling off their holdings, it could prevent further price drops for ARB. ✅️ ARB Investors Positioned to Influence Price Amid Favorable Selling Conditions Arbitrum (ARB) faces potential price fluctuations driven by investor actions in the near future. The Market Value to Realized Value (MVRV) ratio, currently at 10% over 30 days, indicates profitable conditions that may prompt selling activities. Historically, ARB corrections typically occur when the MVRV ranges between 7% and 23%, marking this range as a critical zone for potential market shifts. Moreover, the Global In/Out of the Money (GIOM) indicator suggests that 1.64 billion ARB tokens, valued at over $1.8 billion, are approaching profitability. Purchased within the $1.06 to $1.16 range, ARB’s current price of $1.13 is nearing the threshold where these holdings will yield profits. ✅️ Arbitrum (ARB) Faces Critical Support and Resistance Levels Arbitrum (ARB) is currently trading at $1.13, encountering resistance at $1.26 after failing to surpass this level. The altcoin has found support at $1.10, a level that has proven resilient in previous tests. Maintaining above $1.10 could signal potential for recovery, while a drop below it could indicate bearish sentiment ahead. Considering the current market dynamics, there is a possibility of ARB declining below the $1.10 support level. Further selling pressure may push it down to $0.97, potentially jeopardizing ARB’s position above $1.00. #ArbitrumBOLD
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#bitcoinupdate2024 Donald Trump Looked for a Solution in Bitcoin to Solve the USA's 35 Trillion Debt! Bitcoin Magazine #CEO included Donald #Trump's remarkable interest in #Bitcoin (BTC). David Bailey, CEO of Bitcoin Magazine and an assistant in Trump's cryptocurrency campaign, made remarkable statements. Bailey stated that #Trump consulted him about whether Bitcoin could be a solution to solve the US's $35 trillion debt, and that this conversation took place in the first meeting. In response to Trump's question, Bailey said that he had some ideas but was not ready to discuss this issue in their first meeting. The Bitcoin Magazine team, one of the first content producers of the cryptocurrency industry, continues to advise Trump on developing a friendly policy towards Bitcoin and cryptocurrencies. #Ethereum founder Vitalik Buterin was once a content editor for this team. Trump, who included cryptocurrency donations in his presidential election campaign and stated that he would bring freedom to cryptocurrencies in almost every speech, managed to attract the attention of the industry. It is thought that the US presidential elections, which will take place in November, will have a serious impact on cryptocurrencies. #btc70k #BlackRock #BTC☀ #btcpizza
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Ripple's $XRP is playing hide and seek with traders, moving sideways and keeping everyone guessing. 🤔 - XRP's price is stuck in a loop, bouncing between $0.55 resistance and $0.47 support. - Recently, it flirted with the upper boundary, but couldn't break free. Now, it's wrestling with a major resistance zone. If buyers can bust through, we might see a bullish trend. But the lack of bullish momentum could mean a rejection is more likely. 😬 - On the 4-hour chart, XRP's price has been dancing within an ascending wedge pattern for nearly three months. - It's hit a critical juncture, with increased volatility and rejections. If buyers can overcome this resistance, a new bullish rally could aim for $0.58. But a bearish rejection might trigger another dip. 📉 The market's on tenterhooks, waiting for a breakout to reveal Ripple's future direction. What's your take? Share your thoughts below!👇 #XRP #CryptoNews #altcoins #XRP_ETF
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#CardanoEcoSystem 🔥 Cardano (ADA) Triumphs: 10 Million Tokens Milestone Achieved The Cardano network has reached a significant milestone, surpassing 10 million native tokens. This achievement underscores Cardano's increasing adoption within the blockchain and cryptocurrency space. Native tokens allow the transacting of multi-assets on Cardano. Cardano uniquely allows users to transact with ADA, as well as an unlimited number of user-defined (custom) tokens natively. Native support has specific advantages for developers: There is no need to create smart contracts to handle custom tokens, for example, which eliminates an additional layer of complexity and the possibility of manual errors because the ledger manages all token-related functionality. According to the most recent IOG weekly report, native tokens have reached 10 million with 120,576 token policies. Currently, network transactions have reached 90.8 million, while Plutus scripts are at 46,698. Looking ahead, the Cardano network is poised for further growth and expansion. The continued development of its smart contract capabilities and the upcoming upgrades such as the Chang network upgrade are expected to attract even more users to the platform. 🔸 ADA price action Cardano's ADA recent price rise appears to have stalled under the pressure of its daily moving averages. $ADA began to rise gradually and reached highs of $0.51 on May 21 before running into resistance. After that, ADA decreased for four days in a row before rising again. Selling has continued, with ADA down 0.33% to $0.4611 at the time of writing, during the last 24 hours. The 50-day and 200-day simple moving averages (SMA) have posed significant barriers to the rising trend of ADA since the beginning of April. Further conjecture over the short-term price trajectory of ADA is raised by a recent crossing that showed a death cross. The 50-day EMA serves as an immediate resistance level for ADA in the short term, which it must surpass to indicate a possible rally. #ADABullish #CardanoPredictions #altcoins #adausdt
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