🚀 This week in prediction markets is buzzing! Kalshi's presidential betting just hit $30M, while Polymarket's already past $2B! Trump leads Harris by 14 points on Kalshi, but Polymarket shows a tighter race. 🤔
Kalshi's regulated status might seem like a handicap, but it's dodging manipulation claims that Polymarket faces. Tarek Mansour, Kalshi's co-founder, debunked myths about big whales driving Trump's odds up.
Swing state discrepancies on Polymarket present juicy arb opportunities! What do you think about these market dynamics? Share your thoughts below! 👇 #Crypto #Blockchain #Elections2024
🚨JUP/USDT Chart Analysis & Price Prediction 🚀
📊 JUP on a Bullish Ride!
JUP/USDT is currently trading at $0.9651, up +4.38%, after reaching a high of $1.0303. The price is holding above the middle Bollinger band, signaling continued bullish strength. The upper band is near $1.0117, which can act as a near-term resistance zone.
📈 RSI Trending Upward
The RSI(12) at 65.40 shows that JUP is pushing toward the overbought zone, but it’s still in a healthy bullish range. This suggests there might still be room for further upside before any consolidation occurs.
📉 MACD Flashes Caution
The MACD indicator shows a narrowing spread between the DIF and DEA lines (DIF: 0.0337, DEA: 0.0287), indicating that the bullish momentum might be slowing down. While the trend is positive, keep an eye on this signal for any potential pullback.
💹 Volume Surge Signals Interest!
There’s a clear increase in volume in the last few sessions, showing growing interest from the market. With JUP consistently maintaining its gains, buyers are clearly stepping in, especially during the recent price surge above $1.
🔮 Price Prediction: Uptrend Still in Play?
As long as JUP/USDT stays above the $0.9127 support level, it’s likely to retest the recent high of $1.03. If the bulls can push through, the next target could be around $1.05 to $1.10. Key support levels are near $0.91 and $0.87 for any potential retracement.
JUP remains strong, eyeing a potential break beyond $1! 🌟
$JUP
{spot}(JUPUSDT)
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🚨SOL/USDT Chart Analysis & Price Prediction 🔥
📊 SOL’s Bullish Momentum!
The chart shows SOL/USDT currently trading at $165.35 with a strong +3.27% surge. After testing a high of $171.76, SOL has experienced a slight pullback, finding support around $165. The price is riding the upper band of the Bollinger Bands (Upper Band: $170.24), indicating continued bullish pressure.
📈 RSI Still in Bullish Zone!
The RSI(12) at 65.67 suggests that SOL is in a healthy uptrend but hasn’t entered overbought territory yet. This points towards potential upward room for further gains before a correction might kick in.
📉 MACD Signals Strong Buy
The MACD indicator shows a widening gap between the DIF and DEA lines (DIF: 3.55, DEA: 2.98), confirming a strong bullish crossover, which indicates increasing momentum for buyers. If this holds, we could see more upside.
💹 Volume Breakthrough!
Significant volume spikes in the past few sessions suggest strong interest from buyers. Current trading volumes are maintaining above the average, supporting the upward price action.
🔮 Doc’s Prediction: Heading Higher?
With momentum on its side, SOL could retest its recent high of $171.76 in the short term. If it manages to break this level, expect SOL to push toward the $175 to $180 range. Key support sits around $159-$160, providing a good risk-to-reward zone for any pullbacks.
Keep an eye on RSI to avoid overbought signals and watch for any potential
$SOL
{spot}(SOLUSDT)
#UptoberBTC70K? #SCRSpotTradingOnBinance #BinanceLabsInvestsLombard #APESurge #USRetailSalesBoost
Transak, a crypto on-ramp service, recently faced a data breach impacting 1.14% of its users.
While the company stated that the leaked information involved only "basic identity" data like names, a ransomware group claims to have accessed more sensitive materials, including government IDs, financial records, and selfies.
The hackers are demanding a ransom to prevent the release of 300GB of stolen data.
Transak has since strengthened its security measures and is investigating the incident to protect its users
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EARN FROM HOLDING USDT
Want to profit from market volatility? Buy and hold USDT, and here’s why:
1. Market Downturn: When the crypto market drops, 50% of investors buy more USDT to brace for the bear market.
2. Increased Demand: This spike in demand drives up USDT’s value.
3. Market Dump & Liquidation: After the market dump, USDT’s value might see a correction, but not before providing profit opportunities during the surge.
4. US Dollar Peg: As USDT is pegged to the US Dollar, holding USDT benefits from the stability and strength of the dollar.
By holding USDT through these market phases, you can capitalize on rising demand and price gains—an effective way to profit from market fluctuations!
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BTC/USDT is facing rejection near the first liquidity zone and is currently retesting its trendline support on the 1D timeframe. Overall, there is a gap around $64k that the market should ideally fill. However, at the moment, the market should create a wick below $66,500, from which a slight recovery is expected.