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$BTC While we got liquidated trading #Bitcoin futures during the recent dip to $49,000, long-term #BTC☀ holders were buying. They added over 184,500 #BTC to their portfolios, worth around $10 billion!
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Pepe (PEPE) Similar to Solana & Bitcoin, PEPE is also consolidating within a narrow range but along the lower trend line as a support. The memecoin is trying hard to undergo a strong recovery as the token continues to trade within an ascending triangle. The bulls are trying hard to reclaim $0.00001 but the bears are expected to intensify their activity soon. The PEPE price in the short term indicates a rally to face another bearish pullback below $0.00000750. The MACD is turning bearish while the levels are trying to enter the positive range, which may not be good for the PEPE price rally. Therefore, after reaching this support, the price is expected to trigger a rebound, as the volume may explode after extreme compression. $PEPE
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Solana (SOL) The bulls are demonstrating acute weakness at the moment as they are unable to rise above the pivotal resistance zone. After breaking down from the rising wedge, the SOL price is consolidating within a narrow range. The price appears to be accumulating strength, which could be utilized in the coming days to reclaim the lost levels. The short-term trade suggests the price is about to display massive price action as the StochRSI is about to hit the lower threshold and make a move within the bearish range. This may drag the levels slightly below $140 for a while, which could revamp a fine bullish trend. Besides, the volume has slumped heavily, which shows the possibility of compression, which may result in a massive breakout soon. With this, the Solana price may rise to $160 in the coming days.$SOL
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Cardano (ADA) Cardano on 5th August made a great recovery from $0.29 to the current $0.347. Whales have seen the recent ADA dip as an opportunity and the Santiment Data reveals an increase in whale count. The Data Says addresses holding 1 million to 10 million ADA now contribute to 16% of the supply and this can trigger a great upward rally in the next sessions. The metrics like positive social sentiment, and increased volatility show a mixed sentiment favoring to a downtrend before a good rally. $ADA
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Ripple(XRP) XRP has been on the hotline in 2024, only recently the four-year-long SEC lawsuit was settled. The asset is still under intense observation but carries a positive momentum in the middle and long term. Just before the recent decline, XRP experience a massive whale activity. Wallets holding between 1 million and 10 million XRP value at around $4.4 billion, with assets in holding arround 7.06 billion Interestingly, a report by Santiment shows there was an increase in the number of wallets holding 100 million 1 billion. It is now 15% of the total supply. At the time of writing XRP approaching to $0.6 with 7 days growth of 4.70%. With the new update on Ripple testing the stablecoins RLUSD and neutral market conditions keep the hopes of breaking above the long-term resistance of $0.62 in 2nd week.$XRP
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