🔥🔥🔥 #dogwifhat ($WIF ) Sees 60% Weekly Surge But Analyst Warns Of Potential Retrace

Dogwifhat (WIF) Recovers Amid Potential Retracement Warnings

Overview:

- Dogwifhat (WIF), a Solana-based dog-themed #Memecoin🤑🤑 , has rebounded from below $2, now testing the $2.5 resistance level. Despite positive movement, analysts warn of potential retracement.

WIF's Resurgence:

- WIF delivered over 2,000% returns in Q1 2024, reaching an ATH of $4.8 in March but dropping 45% since. Despite this, investor sentiment remains bullish. Asad Saddique, CTO of Cryptonary, noted WIF's resilience, with multiple corrections over 70%, and recently surpassed Arbitrum to become the 38th largest cryptocurrency by market cap, now at $2.5 billion.

Market Predictions:

- Crypto trader Bluntz predicts a potential fall to the $1 range, anticipating a retracement before a parabolic run to a new ATH. WIF dropped from $2.6 to $1.51 but rebounded by 60% weekly and 25% monthly, reclaiming the $2 support.

Future Outlook and Cautions:

- WIF has surged 8% in the last 24 hours, trading at $2.54. Analyst Hornhairs suggests maintaining above $2.2 could lead to retesting $3. However, analyst CrediBull warns of potential 40% drops if Bitcoin fluctuates, indicating WIF might revisit recent lows.

Conclusion:

WIF's recovery is promising, but potential retracements loom. Investors should stay informed and cautious, considering broader market trends and Bitcoin’s performance.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoNewsCommunity

💥💥💥 Shiba Inu ($SHIB ) Price Drop Analysis: $0.000017 Loss? Key Solana ($SOL ) Levels to Watch and Must-See Bitcoin ($BTC ) Chart Pattern

Shiba Inu Holds Steady Amid Market Pressures

- Despite recent selling pressures and high transaction volumes, Shiba Inu (SHIB) has remained stable at around $0.000017. This stability is notable given the network's recent stress test.

Impact of WazirX Hack

- The WazirX exchange hack, which resulted in the theft of $230 million in assets including 5.43 trillion SHIB tokens, initially put pressure on SHIB's price. The stolen SHIB was sold for approximately 26,535 ETH ($92 million). Despite this influx of tokens into the market, SHIB's price remained relatively stable.
Market makers like Wintermute helped stabilize the price by facilitating transactions between exchanges, highlighting SHIB’s market resilience.

Solana’s Performance and Key Levels

Solana has shown strong performance recently, with key levels to watch:

- $147 EMA Support: A crucial support level. Holding above it indicates strong buying interest and potential gains.

- $165 Resistance: Currently being tested. Breaking above this could signal continued bullish momentum.

- $185 Resistance: A historically challenging level. Surpassing it may lead to new highs and attract institutional interest.

Maintaining above these levels is essential for Solana’s upward momentum.

Bitcoin’s Cup and Handle Pattern

Bitcoin might be forming a hidden cup and handle pattern, a bullish continuation setup:

- The Cup: A rounded bottom formed by a gradual rise and fall.

- The Handle: A period of consolidation or slight decline before a breakout.

The $66,000 mark is crucial for confirming this pattern. A breakout above this level could drive BTC to new highs, potentially reaching $70,000. Support at $58,000 is vital to maintain the pattern’s integrity. If the pattern develops as expected, Bitcoin could see significant gains soon.

Source - u.today

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarketTrend

💥💥💥 #CryptoAnalyst Predicts 450% Move For Shiba Inu To Reach New All-Time High

Shiba Inu Eyes 450% Rally to New All-Time Highs, Analyst Predicts

Crypto analyst Javon Marks has projected a bullish surge for Shiba Inu ($SHIB ), anticipating a massive 450% increase to achieve new all-time highs.

Key Points:

- Projected Surge: Marks predicts SHIB could rise by 450%, aiming to surpass its previous all-time high (ATH) of $0.00008616.

- Historical Performance: Drawing parallels to previous bull runs, SHIB surged up to 400% in past cycles, reaching significant highs.

- Price Targets: Marks forecasts SHIB could reach $0.0000886, marking a new ATH, based on historical price patterns and bullish indicators.

- Technical Indicators: Marks cites "Hidden Bullish Divergence" on the Relative Strength Index (RSI) as a positive signal for SHIB's uptrend continuation.

Recent Performance and Fundamentals:

- Price Movement: SHIB has shown resilience with a 16.46% increase in the past week, currently trading around $0.0001733.

- Recent Trends: Following a period of market correction, SHIB has rebounded, supported by renewed investor interest in meme coins.

- Market Sentiment: Analysts, including 'SHIB Knight', anticipate further gains, suggesting a potential rise to $0.00005 post-breakout confirmation.

Conclusion:

Shiba Inu's recent bullish momentum, supported by optimistic analyst projections and strong market fundamentals, suggests potential for substantial price appreciation in the near term.

Source - newsbtc.com

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#EthereumPrice Stays Strong: Will $ETH Continue To Rise?

Ethereum Price Analysis: Struggle Near $3,500 Resistance
Ethereum is consolidating above $3,380 after failing to surpass the $3,500 resistance zone, remaining above the 100-hourly Simple Moving Average (SMA) and showing potential for another increase.

Key Points:

- Resistance: Ethereum faces resistance around $3,500, with immediate resistance near $3,450 and significant levels at $3,640 and $3,750.

- Support: Key support levels include $3,380, $3,350, $3,270, $3,220, and $3,150.

- Trend Line: A bullish trend line with support at $3,375 is forming on the hourly chart (ETH/USD via Kraken).

- Technical Indicators: Hourly MACD is losing momentum in the bullish zone, and the RSI is below 50.

Price Movement:

Ethereum's attempt to break $3,500 led to a correction, dipping below $3,450 and $3,420, and testing $3,375. It’s now consolidating above the 23.6% Fib retracement level from the $3,516 swing high to the $3,376 low. Ethereum trades above $3,375 and the 100-hourly SMA.

A close above $3,500 could propel ETH towards $3,550 and $3,640, with potential for $3,750. Failure to break $3,450 could lead to declines towards the $3,350 and $3,270 supports.

Conclusion:

Ethereum's price is holding key supports and shows potential for another rise if it surpasses the $3,450 and $3,500 resistances.

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTrends #CryptoMarkets

🔥🔥🔥 #CryptoAnalyst Predicts Multiple God Candles For $XRP , How High Can It Go?

Analyst Predicts Bullish Surge for XRP with Potential for Multiple God Candles

A crypto analyst remains highly optimistic about XRP, the native token of the XRP Ledger, forecasting a strong bullish rally with the potential appearance of multiple “God candles” if certain resistance levels are breached.

Key Resistance Breakthrough Could Trigger #BullishMomentum
In a June 14 X (formerly Twitter) post, the analyst known as ‘Dark Defender’ provided an analysis of technical indicators suggesting a bullish trend for XRP. According to Dark Defender, XRP has shown a significant bullish reversal on the weekly Fisher Indicator chart, a tool used to identify trend reversals and extreme price movements.

The analyst highlighted that XRP has surpassed an initial resistance level of $0.04623, indicating strong momentum. The current price is testing the interim Fibonacci level at $0.5286, with bullish expectations for XRP to close above this mark around $0.53.

Dark Defender identified the next significant resistance level at $0.6044. A breakout above this level would signal further upward momentum. The analyst pointed out that breaking through this resistance could trigger multiple “God candles,” which are sharp price increases. Another critical support level to watch is $0.6649, deemed the master fundamental level. Surpassing this level could lead to substantial bullish gains for XRP.

Current XRP Price and Market Conditions

Despite legal challenges with the SEC and a market downturn, XRP has shown strong bullish signals. After dropping below $0.50 earlier this year, it recently surged to $0.538, gaining nearly 30% in the past week and 1.41% in the last 24 hours.

XRP has shown resilience amid market volatility and is at a crucial point. With the Ripple vs. SEC legal battle nearing resolution, XRP might surpass $0.60 and set the stage for further gains.

Source - newsbtc.com

#CryptoNewsCommunity #BinanceSquareTalks #CryptoTrends2024

#Analyst Predicts Bullish Surge for $XRP

A crypto analyst, Dark Defender, forecasts a strong bullish rally for XRP with potential for sharp price increases, or "God candles." Key resistance levels to watch are $0.5286, $0.6044, and $0.6649.

Breaking through these could trigger significant gains. Despite legal challenges with the SEC, XRP has shown resilience, recently surging to $0.538.

If XRP surpasses $0.60, further bullish momentum is expected.

#CryptoNewsCommunity #BinanceSquareTalks #CryptoTrends2024

💥💥💥 Shiba Inu ($SHIB ) Tipped For Explosive 1,440% Rally To $0.0003 By 2024-2025

Shiba Inu (SHIB) Price Recovery and Future Predictions
Recent Performance:

Shiba Inu (SHIB) has rebounded significantly, rising 8% in the last 24 hours and 20% over the past week, following a five-month low of $0.00001274 on July 5.

Expert Predictions:

- Himanshu Maradiya (CIFDAQ Blockchain Ecosystem): Predicts SHIB could reach $0.0001 to $0.0003 by 2024-2025, suggesting potential gains of 416% to 1440%.

- Utkarsh Tiwari (#KoinBx ): Offers a conservative estimate with a price range of $0.0000298 to $0.0000396 by the end of 2024. If SHIB exceeds $0.00003682, it might target $0.00006697. However, he warns of a possible drop to $0.000010 if prices reverse.

Price Forecasts:

- 2024: SHIB is expected to trade between $0.00001453 and $0.00003859, indicating a potential 123.30% increase at the higher end.

- 2025: Forecasts suggest SHIB could range from $0.00001453 to $0.00007515, with a possible 332.26% increase at the upper target.

- 2030: Projected to range from $0.00002237 to $0.00006428, reflecting a potential 270.72% gain.

$0.01 Milestone:

Reaching $0.01 would require a 46,144.44% increase. Coincodex’s algorithm predicts that SHIB is unlikely to hit this mark, with the highest expected price around $0.000852 by January 1, 2049.

Current Status:

SHIB is trading at $0.0001939, down 6.7% over the past month but up 141% year-to-date (CoinGecko data).

Source - newsbtc.com

#CryptoTrends2024 #BinanceSquareTrends #CryptocurrencyPredictions

🔥🔥🔥 #Xrp🔥🔥 Sets Sights on $6 Target After Impressive Weekend Rally: Thinking Crypto

XRP's Remarkable Weekend Rally and Price Predictions

- XRP saw an 18% surge over the weekend, rising from $0.4744 on Saturday to a monthly high of $0.5636, marking a 44.1% comeback from a recent low of $0.3911. It has since stabilized at $0.5324.

Factors Behind the Surge:

- The rally is attributed to the anniversary of Judge Torres’ July 2023 ruling that XRP is not a security, highlighted by commentator Edward.

Price Predictions:

- Market analyst "360 Trader" believes XRP is following a predictable cycle, with recapturing $0.57 being significant and marking a potential end to bearish sentiments. The analyst suggests that XRP has formed a double-bottom "bear trap," indicating possible upward trends.

Targets:

- 360 Trader proposes a bull season target of above $4 for XRP. Edward, using a Fibonacci model, identified a potential target of $6, though he emphasized this is not guaranteed and is based on chart analysis. He also mentioned the possibility of XRP reaching $10 but stressed caution.

Market Dynamics and Investment Strategy:

- Edward noted that liquidity may shift from meme coins to established players like XRP and Cardano, similar to previous cycles. He advised diversification, revealing his portfolio includes XRP, Solana, Avalanche, Hedera, Cardano, and AI-focused tokens like Fetch and Render. He emphasized that predictions are based on current trends and are not guaranteed.

Source - thecryptobasic.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarketSentiment😬📉📈

As Rumble, Trump Media (DJT) stocks surge, brace for a pullback

Rumble (RUM) & Trump Media & Technology (DJT) Stocks Surge Amid Election Developments

This week, Rumble (RUM) & Trump Media & Technology (DJT) stocks soared due to election-related events.

Key Developments:

Rumble's Surge & VP Pick: Rumble's stock jumped over 20% after Donald Trump was shot & announced JD Vance as his vice-presidential pick. Vance & Peter Thiel, both investors in Rumble, are significant figures in this development.

Election Odds & Market Reactions: Investor optimism increased following an assassination attempt on Trump in Pennsylvania & his strong debate performance against Joe Biden. Betting markets now favor Trump's chances if he faces Biden. However, if Biden withdraws, potential Democratic candidates like Kamala Harris, Gretchen Whitmer, and Gavin Newsom could emerge. This speculation has driven interest in DJT & RUM stocks.

Truth Social Engagement: A potential Trump victory could boost engagement on Truth Social, a competitor to platforms like X & d Gab.

Risks Facing RUM & DJT Stocks:

Advertising Challenges: Both companies rely heavily on advertising but struggle to attract mainstream advertisers like Amazon, AT&T, and Walmart, raising concerns about revenue sustainability.

Cash Burn & Future Dilution: Rumble & Trump Media are burning cash rapidly. Rumble reported a Q1 net loss of $43.3 million with $183 million in cash, while Trump Media lost over $327 million, ending with $233 million. Both companies may need to raise significant capital soon.

Rumble faces competitive & valuation challenges against YouTube, with 95.6 billion visits in Q2 versus Rumble’s 351.8 million. Trump Media competes with platforms like X & Reddit, with DJT's $7.7 billion market cap against Reddit’s $10 billion & X’s $19 billion.

Conclusion: Despite recent gains, RUM & DJT stocks face substantial risks & challenges, particularly in attracting advertisers, managing cash flow, and competing in the crowded social media sector.

Source - invezz.com

#CryptoTrends2024 #BinanceSquareTalks

💥💥💥Bitcoin Is 'Unstoppable', Says the Author of "The Price of Tomorrow"

In a recent podcast, Natalie Brunell interviewed Jeff Booth, a prominent author and entrepreneur, on Bitcoin, AI, the 2024 election, and economic systems.

Jeff Booth:

Booth is a Canadian entrepreneur and author of The Price of Tomorrow, which discusses how technological progress leads to deflation and argues for a new economic approach focusing on deflation.

Key Points:

- Bitcoin’s Price Movements: Booth argues that valuing Bitcoin in fiat terms supports a flawed economic system based on currency manipulation. He sees Bitcoin as a stable, decentralized protocol in contrast to fiat currencies.

- Economic Systems: Booth criticizes current economic systems for diminishing individual value and protecting those who manipulate money. He believes Bitcoin offers a way to escape such financial distortions.

- Political Solutions: Booth is skeptical of political solutions to economic issues, suggesting that political systems contribute to problems through money manipulation. He advocates for developing alternative systems that provide real value.

- Bitcoin and AI: Booth highlights the synergy between Bitcoin and AI, noting that AI drives deflation by enhancing efficiency, while Bitcoin supports this with its decentralized nature. He envisions a future where both technologies work together to create a more efficient and equitable economic system.

- Complementary Forces: Booth argues that Bitcoin and AI enhance each other. Bitcoin’s role in decentralizing energy supports AI’s energy needs, creating a positive feedback loop.

- Bitcoin’s Role: Booth views Bitcoin as both a store of value and a currency. He believes Bitcoin must function as a currency to fulfill its potential and promote a free market with decreasing prices due to increased productivity.

Booth’s insights emphasize Bitcoin and AI's transformative potential in driving efficiency and deflationary trends in the economy.

Source - cryptoglobe.com

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets

🔥🔥🔥 Mt. Gox Bitcoin Billions Are Being Repaid—How We Got Here

Mt. Gox's Bitcoin Refunds: A Summary
Background:

Mt. Gox, once the largest Bitcoin exchange, is now repaying creditors more than a decade after its bankruptcy. The return of billions in Bitcoin has raised concerns about potential market impact.

What Was Mt. Gox?

- Origin: Launched in 2010 as a Magic: The Gathering card marketplace, Mt. Gox became a major Bitcoin exchange, handling 70% of Bitcoin trades in 2013.

- CEO: Mark Karpeles reported daily transfers of $5 to $20 million.

How Did Mt. Gox Go Bankrupt?

- Regulatory Issues: In 2013, the U.S. Department of Homeland Security seized $5 million for not registering as a money transmitter.

- Hack: By February 2014, Mt. Gox revealed it lost 850,000 Bitcoin (then worth $475 million, now over $49 billion) due to a hack exploiting "transaction malleability."

- Bankruptcy: The exchange had $64 million in liabilities and $38 million in assets, leading to bankruptcy. Only 1,000 of its 127,000 creditors were Japanese.

Creditor Refunds Explained:

- Legal Action: In 2023, two Russians were charged with laundering 647,000 Bitcoin from the Mt. Gox hack; 140,000 Bitcoin were recovered.

- Refunds: Creditors will receive refunds in Bitcoin and Bitcoin Cash, starting July 5, 2024. The process is ongoing and will take time to complete.

- Current Status: Mt. Gox holds over $8 billion in Bitcoin, with refunds beginning after extensive preparations.

Conclusion:

The return of funds from Mt. Gox is a significant event for creditors but raises concerns about potential market selling pressure. This situation underscores the importance of security and regulatory compliance in cryptocurrency exchanges.

Source - decrypt.co

#CryptoTrends2024 #BinanceSquareBTC #CryptoMarkets #bitcoin☀️

💥💥💥 Brutal $60,000 Bitcoin ($BTC ) Reversal, Shiba Inu (SHIB) to Lose 13% in Next Few Days, Solana (SOL) Will Start Further Growth From $135

Bitcoin Faces Resistance Below $60,000

Bitcoin is struggling to stay above $58,409, with resistance at key EMAs: $58,165 (200 EMA), $60,487 (50 EMA), and $62,667 (100 EMA). The RSI is at 37, suggesting it is nearing oversold conditions, but a recovery seems unlikely without increased buying pressure. Bitcoin's inability to surpass $60,000 underscores its critical psychological resistance and prevailing bearish sentiment.

Shiba Inu Experiences Reversal

Shiba Inu has retraced from its peak of $0.000017 to $0.00001608, facing resistance at the 50 EMA. With an RSI of 40 and declining trading volume, SHIB is approaching oversold territory. Immediate support is at $0.000015, with a potential drop to $0.000014, representing a 13% decline if the bearish trend persists.

Solana Retraces Amid Market Correction

Solana is retreating from its recent high near $146, struggling to break the $150 mark. It is currently above the 200 EMA at $139, which may act as support. Resistance levels are at the 50 EMA ($141) and the 100 EMA ($146.35). With an RSI of 47 and stable trading volume, Solana might see a rebound if buying pressure increases, potentially pushing through resistance to target $150.

Source - u.today

#CryptoMarkets $SOL $SHIB #BinanceSquareBTC #CryptoTrends2024

📰📰📰📰📰📰

💰 Coinbase affirme que la crypto doit éliminer les frictions pour attirer le prochain milliard d’utilisateurs. / Cointelegraph

👉 Le directeur principal de l’ingénierie suggère que les applications grand public pourraient être la clé d’une adoption massive .

#CryptoTrends2024

🔥🔥🔥 Cardano price set for a 10% rally upon a breakout above descending trendline

Cardano Price Tests Descending Trendline: Bullish Move Possible

- Cardano ($ADA ) is currently testing its descending trendline, which could signal a bullish breakout if surpassed. Technical analysis reveals a bullish divergence on momentum indicators, suggesting potential for an upward move.

Bullish Potential:

- Cardano’s price is revisiting its descending trendline, drawn from swing highs between late March and early July. A successful breakout above this trendline could drive ADA up by 10% to test the $0.426 resistance level.

- The bullish divergence observed on both the Relative Strength Index (RSI) and the Awesome Oscillator (AO) supports this potential rally. This divergence often indicates a trend reversal or short-term rally.

Rally Scenarios:

- If ADA closes above $0.426, it may extend its rally by 31% to reach the 50% retracement level between $0.318 and $0.810, approximately $0.564.

Bearish Risks:

- Conversely, if Cardano’s price closes below $0.317 and forms a lower low on the daily chart, this could signal a bearish shift. Such a move might invalidate the bullish outlook and potentially lead to a 10% decline to the previous low of $0.283 from November 1, 2023.

Source - fxstreet.com

#CryptoTrends2024 #BinanceSquareTalks #CryptoMarkets

🔥🔥🔥 #CFTC Chairman Speaks About Bitcoin ($BTC ) and Ethereum ($ETH )!

Key Statements from FED President Powell and CFTC Chairman Behnam

While FED President Jerome Powell addressed the US House of Representatives Finance Committee, CFTC Chairman Rostin Behnam spoke at the Senate Agriculture Committee.

Key Points from Chairman Behnam's Speech:

- Tokens Classification: Behnam stated that 70-80% of tokens in the crypto market are not considered securities.

- Bitcoin and Ethereum: He highlighted that a US Illinois court has confirmed Bitcoin (BTC) and Ethereum (ETH) are commodities under the Commodity Exchange Act.

🚨 CFTC Chairman Behnam: Illinois court confirms BTC and ETH Digital commodities under the Commodity Exchange Act.

— Eleanor Terrett (@EleanorTerrett) July 10, 2024

*This is not investment advice.

Source - en.bitcoinsistemi.com 

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