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🔥🔥🔥 #Ethereum (ETH) Secures $3,000, Cardano's ($ADA ) Dramatic Drop Irrelevant, Will #shibaInu ($SHIB ) Recover After 30% Plunge? #cardano plunged over 20% to $0.4 but shows signs of recovery near the 200 EMA. Despite volatility, ADA surged past $0.48, attracting renewed interest. However, its longer-term bearish trend persists due to minimal trading volume. Failure at $0.4 could lead to further declines, but sustained market recovery could fuel a rally. Shiba Inu faced a sharp 30% decline to $0.00002165, casting doubt on its recovery. Trading below the 50-day moving average, SHIB's bearish trend is exacerbated by subdued activity. A bounce from $0.00002880 may signal support, but its future remains uncertain without fundamental developments. Ethereum reclaimed $3,000 with strong support at $2,700, indicating upward momentum. Increased trading volume supports the upward trend, with resistance at $3,600. Cautious investment is advised amidst market volatility. Source - u.today #cryptocurrency #BinanceSquareTalks

🔥🔥🔥 #Ethereum (ETH) Secures $3,000, Cardano's ($ADA ) Dramatic Drop Irrelevant, Will #shibaInu ($SHIB ) Recover After 30% Plunge?

#cardano plunged over 20% to $0.4 but shows signs of recovery near the 200 EMA. Despite volatility, ADA surged past $0.48, attracting renewed interest. However, its longer-term bearish trend persists due to minimal trading volume. Failure at $0.4 could lead to further declines, but sustained market recovery could fuel a rally.

Shiba Inu faced a sharp 30% decline to $0.00002165, casting doubt on its recovery. Trading below the 50-day moving average, SHIB's bearish trend is exacerbated by subdued activity. A bounce from $0.00002880 may signal support, but its future remains uncertain without fundamental developments.

Ethereum reclaimed $3,000 with strong support at $2,700, indicating upward momentum. Increased trading volume supports the upward trend, with resistance at $3,600. Cautious investment is advised amidst market volatility.

Source - u.today

#cryptocurrency #BinanceSquareTalks

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💥💥💥 #Ethereum Price May Have Another Chance For A Bullish Streak: Here’s How Ethereum's price trajectory encounters a correction phase following its rejection near the $3,220 mark. A renewed bullish trend may unfold if it surmounts the obstacles at $3,055 and $3,080. The latest Ethereum price action witnessed a retracement after encountering resistance around the $3,220 level. This downturn saw ETH slipping beneath both the $3,100 mark and the 100-hourly Simple Moving Average. Notably, it tested the critical support at $3,000 before entering a consolidation phase. Presently, Ethereum is trading below $3,100, with immediate resistance looming around the $3,050 level. This aligns closely with the 23.6% Fibonacci retracement level of the recent decline from the $3,217 swing high to the $3,005 low. Furthermore, a pivotal bearish trend line is forming with resistance at $3,055 on the hourly chart of ETH/USD. The primary resistance lies near $3,080, coinciding with the 100-hourly SMA. Resistance is expected at $3,120, with a breakthrough potentially leading to bullish momentum towards $3,200. Surpassing $3,200 could target resistance levels at $3,350 and $3,500. Conversely, if Ethereum struggles to surpass the $3,055 resistance, it might resume its decline. Initial support is found at the $3,000 level, which is a crucial psychological level. Subsequently, the $2,950 zone emerges as a significant support area, followed by $2,920. A breach below $2,920 may lead to further downside pressure, with potential targets at $2,840 and $2,720 in the near term. Looking at the technical indicators, the hourly #MACD for ETH/USD indicates a weakening bearish momentum, while the hourly RSI is below the 50 level, signaling a bearish sentiment. In summary, Ethereum's ability to breach key resistance levels at $3,055 and $3,080 will determine its next directional move. Conversely, a failure to do so might prompt further downside, with $3,000 and $2,950 serving as crucial support levels. Source - newsbtc.com #CryptoNews🔒📰🚫 #cryptocurrency #BinanceSquareTalks $ETH
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🔥🔥🔥 $DOT Price (Polkadot) Reaches Key Juncture, Is This #Bulls Trap or Correction? Polkadot (DOT) is undergoing a corrective phase after testing the $7.5 resistance against the US Dollar. To regain upward momentum, it needs to maintain support above $6.75. DOT made significant strides, reaching the $7.5 resistance level against the US Dollar. Currently, it's trading above both the $7.00 zone and the 100 simple moving average (4 hours). On the 4-hour chart of the DOT/USD pair (data sourced from Kraken), there's a short-term expanding triangle forming, indicating resistance at $7.50. If it fails to sustain above the $6.75 support, the pair might continue its decline. Polkadot's price found support above the $6.00 mark, initiating a notable upswing. It cleared several obstacles around $6.75 and even surged beyond $7.25, reaching a peak at $7.46. However, it's now experiencing a corrective phase, akin to #Ethereum and #bitcoin . The price retraced below the $7.25 support zone, dipping below the 23.6% Fib retracement level of the upward move from the $6.03 swing low to the $7.46 high. DOT stays above $7.00 and the 100 SMA (4 hours). Resistance is at $7.25 and $7.50, with a forming expanding triangle indicating resistance at $7.50 on the 4-hour chart of DOT/USD. Breaking through $7.50 could spark a strong rally, aiming for $8.00 next. Beyond that, the $8.80 level may pose significant resistance. Failure to break above $7.25 could lead to further downward pressure. The key supports are at $7.00 and the 100 SMA (4 hours), followed by $6.75 and the 50% Fib retracement level from $6.03 to $7.46. Below $6.75, the price might decline towards $6.50, then potentially to $6.10 or $6.00 Technical Indicators: - 4-Hours MACD – The MACD for DOT/USD indicates a waning bearish momentum. - 4-Hours RSI (Relative Strength Index) – The RSI for DOT/USD is currently below the 50 level. - Major Support Levels – $7.00, $6.75, and $6.50. - Major Resistance Levels – $7.25, $7.50, and $8.00. Source - newsbtc.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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👉👉👉 Here’s How Many #shibaInu Stand in the Way of SHIB Reaching $0.000056 With the broader market poised for recovery, Shiba Inu (SHIB) aims to overcome recent losses and achieve significant price rallies. Despite April's 27.16% decline, SHIB has already risen by 7.15% this month, eyeing notable price levels. SHIB's immediate target is surpassing its yearly peak of $0.000045, with aspirations toward the $0.00005 range. However, on-chain data from IntoTheBlock suggests obstacles on its path to $0.00005. Shiba Inu Faces Resistance Below $0.00005 - IntoTheBlock's Global In/Out Money (GIOM) metric indicates minimal resistance below $0.000026, but significant hurdles lie ahead. The Fibonacci 0.5 retracement level at $0.00002721 marks the next major resistance. - Beyond $0.000026, SHIB faces three sell walls before reclaiming $0.000045 and another before reaching a new yearly high above $0.00005. The first sell wall, between $0.000026 and $0.00003, involves 115,790 addresses holding 56.37 trillion SHIB. - The second sell wall, around $0.000033, sees 140,830 wallets with 21.06 trillion SHIB. At $0.000045, a cluster of 57,960 addresses accumulated 8.44 trillion SHIB. Breaking through would propel SHIB to the yearly peak. - To establish a new peak, SHIB must breach the sell wall between $0.000045 and $0.000056, with 62,510 addresses holding 3.32 trillion SHIB. These supply walls collectively feature 78 trillion SHIB tokens, posing resistance. Current Market Sentiment - At $0.00002428, SHIB needs a 130% surge to reach $0.000056, demonstrated in late February's uptrend. Bullish momentum would require a shift in sentiment, currently leaning toward the bearish side, with the Long/Short Ratio at 0.845. However, investors withdrawing $SHIB tokens signal optimism for recovery. Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com
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🔥🔥🔥 User Discloses Profit by Holding #shibaInu Rather than Cash in Bank Resilient Shiba Inu holders are enjoying exceptional returns, with an impressive ROI of 1,865,428%, far surpassing savings account yields. Shiba Inu, a widely followed cryptocurrency rooted in memes, has millions of holders, exceeding the population of over 105 US cities individually. Despite its volatility, $SHIB has proven lucrative. However, meme #cryptocurrencies like Shiba Inu often endure sharper declines during market downturns. For example, while $XRP dropped 10% between April 21 and May 1, Shiba Inu plummeted by 26.22% during the same period. This raises the question of whether investing in Shiba Inu or cryptocurrencies is advisable compared to bank deposits. Shiba Inu Investment vs. Bank Deposits - Standard US savings accounts offer APYs ranging from 0.01% to 0.3%. Digital banks may provide up to 5.25% APY. However, these rates pale in comparison to Shiba Inu returns. - For instance, an individual who invested in Shiba Inu a year ago at $0.000009379 would now see a gain of 158%, with the current value at $0.00002509. Despite volatility, including a drop of over 30%, the investment surged over 400% at its peak when SHIB reached $0.000045. An Investor's 340% ROI after Holding SHIB for 783 Days - A user held Shiba Inu for 783 days, revealing a return of approximately 340%. They emphasized that saving in a bank would have yielded only 5%. Longest Holders Enjoying 1,865,428% Gains - Investors who never sold their Shiba Inu since acquiring it in 2020 now enjoy an #ROI of 1,865,428%, meaning a $100 investment would amount to nearly $2 million. Remember, investing in cryptocurrencies is highly speculative and involves a significant risk of loss. You should never invest more than you can afford to lose also do your own research. Source - thecryptobasic.com #CryptoNews🔒📰🚫 #BinanceSquareTalks
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