Notcoin (NOT) Price Rebound Likely as Investors Buy the Dip – perspective by BeInCrypto
As of this writing, Notcoin’s price is $0.010. This is a notable fall from $0.012, which it hit on August 19 and eventually turned out to be a false breakout. But on the daily chart, the Chaikin Money Flow (CMF) has exited its stay in the negative region and jumped to the positive side.
A falling rating of the indicator, however, shows that distribution is very much present. Therefore, the opposite movement of NOT’s price and the CMF is a bullish divergence, suggesting that investors are capitalizing on the recent discount and buying the dip.
Furthermore, past performance as recent as July reinforces the bias. For instance, as shown above, NOT experienced a downtrend to $0.010 on July 5.
During the downturn, the CMF also followed. But moments after the indicator changed direction, the price also followed, eventually driving a 43% increase to $0.017.
However, this does not imply that Notcoin’s price will replicate the exact upswing. But if money continues to flow into the token, a notable rebound could be next. It also appears that traders in the derivative market share a similar sentiment.
As shown below, and supported by growing buying pressure, Notcoin seems poised to break above the bearish formation. For this breakout to happen, buyers must outpace sellers to shift market momentum.
If successful, NOT could rise to $0.013 in the short term and potentially reach $0.016. However, this outlook may be invalidated if crypto whales continue to dump the token.
#MtGoxRepayments #LowestCPI2021 #BinanceLaunchpoolDOGS #PowellAtJacksonHole #Notcoin👀🔥
$NOT
**Upbit Halts NEAR Protocol Transactions Amid Network Upgrade**
Upbit, a leading global cryptocurrency exchange, has temporarily paused deposit and withdrawal services for the Near Protocol (NEAR) due to an upcoming network upgrade. The suspension starts on Aug. 26 at 3 am UTC and will last until the upgrade's stability is confirmed.
- **Trading Unaffected**: NEAR trading will continue without interruptions.
- **User Safety**: The pause is a precaution to protect users' assets.
- **Updates**: Upbit will provide updates on the resumption of services.
Upbit, monitored by South Korea’s Financial Supervisory Service (FSS), ensures compliance with the Virtual Asset User Protection Act. Interestingly, Upbit staff earn significantly more than employees at major banks like Shinhan Bank and KB Kookmin Bank.
URGENT UPDATE REGARDING $ALPACA $TRB $PEPE
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1️⃣ ALPACA
ALPACA is experiencing a notable surge of 9.86% to 0.2462, indicating a strong upward momentum. To sustain this trend, ALPACA must break above the 0.25 level and close above 0.26. Success in doing so could lead to further upside. However, failure to maintain this momentum could result in a correction.
2️⃣ TRB
TRB is witnessing a remarkable increase of 19.43% to 67.81, showcasing significant buying pressure. To continue this upward trajectory, TRB must break above the 70 level and close above 72. Achieving this could lead to further gains. Conversely, failure to break above the resistance level could result in consolidation.
3️⃣ PEPE
PEPE is experiencing a moderate increase of 2.77% to 0.00000817, indicating a gentle upward trend. To build upon this momentum, PEPE must break above the 0.000009 level and close above 0.00001. Success in doing so could lead to further growth. However, failure to break above the resistance level could result in a slowdown.
KEY LEVELS TO WATCH:
- ALPACA: 0.24 (support), 0.25 (resistance)
- TRB: 65 (support), 70 (resistance)
- PEPE: 0.0000075 (support), 0.000009 (resistance)
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🚀 Bitcoin Bull Run? Key Resistance Levels and Market Confidence Explained
- 📈 Bitcoin Gains: BTC gained 4% between Aug. 21-22, maintaining the $60,000 support. Analysts suggest breaking above $62,000 resistance is crucial for a bullish trend.
- 💹 Strong Fundamentals: Bitcoin’s fundamentals and spot ETF flows are solid. Analyst Decode believes BTC must break above the 200-day moving average to resume its bull trend, but momentum has slowed for now. However, optimism remains for Q4.
- 💵 Fed's Impact: Investors expect the Federal Open Market Committee (FOMC) to cut interest rates on Sept. 18, with potential rate cuts likely favorable for Bitcoin. A 0.50% cut would signal the end of severe monetary tightening.
- 🔗 BTC vs. Traditional Markets: Despite Bitcoin being 16% below its historical high, gold and S&P 500 are near all-time highs. Bitcoin struggles to establish itself as an uncorrelated asset. Yet, spot Bitcoin ETFs are seeing growing interest, with $226 million in net inflows by Aug. 21.
- 🏛️ Regulatory Outlook: The US presidential election could benefit Bitcoin, with candidates likely to support the digital finance industry. Positive employment and inflation data might lead to less stringent monetary policy, potentially boosting Bitcoin’s chances of breaking $62,000 by year-end.
⚠️ Note: This information is for general purposes and not investment advice.
$BTC
{future}(BTCUSDT)
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Today, we'll dive into the essential principles of opening and closing contracts, understanding market direction, and identifying optimal entry points.
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1. Analyzing Market Direction: The first step in making informed trading decisions is to identify support and resistance levels. A practical approach is to use the EMA (Exponential Moving Average) to assess whether the market is leaning towards bearish or bullish tendencies.
2. Opening a Position: Let's use the BTC perpetual contract on Binance as an example. Based on a 4-hour chart analysis, if the market shows significant resistance at a certain level, this can be a strategic point to consider opening a position. Ideally, you should wait for the price to spike briefly, then enter a trade as it starts to drop. Setting your stop loss just above the EMA can offer better safety, enhancing the risk-to-reward ratio.
3. Closing a Position: When closing a position, such as in a BTC trade, it's crucial to monitor the 1-hour support levels closely. During a Binance Square session hosted by @颜驰Bit today, I noticed a slight downward movement that hadn’t reached the support level while writing this. However, by the time I finished, it had already broken through.
4. Timing Your Entry: The timing of market entry should be aligned with short-term trends while keeping an eye on the broader market direction. For instance, if you're considering a short position, examine the 1-minute, 5-minute, and 15-minute charts to gauge the market's strength. If the price action is weak and fails to rebound, it could be a good opportunity to enter.
By following these strategies, you'll be better equipped to navigate the complexities of contract trading, ensuring you make well-informed decisions at each step.
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📊 Total Revenue of SunPump Platform Exceeds $1 Million
As of August 20, 2024, the total revenue of the SunPump platform for launching meme coins on the Tron network surpassed 6.72 million TRX (approximately $1.06 million), according to Dune Analytics. By August 21, the revenue had increased to over 7.68 million TRX (about $1.22 million).
🔼 In the 12 days since its launch, the platform has seen the creation of over 19,425 tokens. The highest number of assets was launched on August 20—6,005 tokens.
Hey #BinanceSquareFamily 🌟 I hope everyone’s doing great. I wanted to quickly touch base with you all. Yesterday, we were rocking the Top 50, but today, we’ve slipped down to 54. Does anyone have any thoughts on what might be happening?
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( say yes i voted ) in comments below
Your support means everything, and I'm here to listen if you have any concerns or suggestions. I've noticed many of you are consistently claiming Red Packets, which is awesome, but the votes aren’t quite keeping up.
A quick reminder: voting is just one click away, and it makes a huge difference. So, while you’re grabbing your Red Packet, don’t forget to cast your vote too. Let’s climb back up together! 🚀
Hint: Yes, I'm voting too.
#BinanceLaunchpoolDOGS #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021
🙏 SỢ HÃI ĐẾN BAO GIỜ 🙏
Một tuần trôi qua tâm lý thị trường vẫn trong vùng sợ hãi, trong khi tether vẫn miệt mài in thêm nhiều tỷ $, vậy tiền in nhiều như vậy để làm gì? Có lẽ câu hỏi này nhiều người cũng cùng câu hỏi như tôi, nếu theo dõi quá trình in tiền từ tether bắt đầu liên tục từ giữa năm 2023 đến nay và số tiền này được dùng để làm gì khi chưa có một đợt sóng mạnh thực sự nào cho thị trường crypto, trái lại mỗi lần tether in tiền thì thị trường lại điều chỉnh và cứ lặp đi lặp lại như vậy trong 1 năm qua. Có lẽ đây mới là vũ khí lợi hại của nhà tạo lập khi vừa đấm vừa xoa nhà đầu tư, cho họ cảm giác vừa chán nản rồi lại được động viên tinh thần, cuối cùng tiền trong túi nhà đầu tư cứ một ngày vơi dần đi.
Dù sao đi nữa cá nhân tôi vẫn nhận định thị trường sẽ còn nhiều bất ngờ hơn nữa trong thời gian tới, tether còn in tiền thì game còn hấp dẫn, khi nào tether ngừng in tiền thời gian dài thì mới là điều đáng lo ngại. Giai đoạn này tôi khuyên mọi người nên kiên nhẫn, đừng nóng vội, thị trường sẽ còn chơi trò mèo vờn chuột với nhà đầu tư.
Lưu ý: Bài viết là góc nhìn cá nhân, không phải lời khuyên đầu tư. #BecomeCreator #HotTrends #TrendingTopic
If you're looking to generate $3,000 monthly through cryptocurrency without the need for active trading, several reliable and legitimate strategies are available:
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1. Cryptocurrency Investments: Investing in major cryptocurrencies such as Bitcoin or Ethereum has proven to be highly rewarding over time. However, like any investment, it comes with its own set of risks. It’s crucial to conduct thorough research, focusing on projects with robust fundamentals and long-term growth potential. Patience is key here, as substantial gains often require time to materialize.
2. Staking for Passive Income: Staking is a process where you lock up your cryptocurrency in a wallet to help maintain the network. In return, you receive rewards in the form of additional tokens. This method is gaining popularity as many blockchain projects offer staking incentives.
3. Mining and DeFi Opportunities: If you’re technologically inclined, cryptocurrency mining could be an option worth exploring. This involves using specialized hardware to solve complex algorithms, validating transactions, and earning rewards.
4. Freelance Opportunities in Crypto: As the cryptocurrency and blockchain industry grows, so does the demand for professionals in this space. Whether you're skilled in writing, marketing, development, or consulting, offering your services within the crypto sector can be a lucrative way to earn.
To achieve a steady income of $3,000 per month in cryptocurrency without trading, you’ll need to stay informed about market developments and be prepared to diversify your strategies. Always conduct due diligence and manage risks prudently. With persistence and the right approach, you can navigate the crypto space successfully and achieve your financial goals.
#Write2Earn! #CryptoMarketMoves #BinanceBlockchainWeek #LowestCPI2021 #voteforBULLISHBANTER
🚀 Sony dives deeper into blockchain with Soneium! Partnering with Startale Labs, Sony's new Ethereum layer-2 network aims to tackle scalability and efficiency issues. Built on Optimism’s Superchain, Soneium will integrate with Sony products like Sony Bank, Music, and Pictures. 🌐
A three-phase plan includes attracting web3 devs, integrating Sony products, and onboarding enterprises & dApps. A Soneium testnet with Astar Network is also on the horizon. This move marks a major step for Sony in the crypto space, following their acquisition of Whalefin. Exciting times ahead! #Blockchain #Web3 #CryptoNews
🚀 Sony just dropped a bombshell in the blockchain world with the launch of Soneium, their proprietary blockchain built on Optimism’s Superchain! Partnering with Startale Labs, Sony aims to tackle blockchain adoption hurdles like scalability and efficiency. 🌐
Phase 1: Attract web3 devs and enthusiasts.
Phase 2: Integrate with Sony products (think Sony Bank, Music, Pictures).
Phase 3: Onboard enterprises and dApps.
And guess what? A Soneium testnet is coming soon, thanks to Astar Network! Ready for Sony’s blockchain revolution? Comment below with your thoughts! #Blockchain #Sony #Soneium
Avalanche (AVAX) Enters a Pre-Bull Run Accumulation Zone – perspective by CoinPedia
Grayscale Investments announced the creation and launch of Grayscale Avalanche Trust along with 20 other crypto investment products, including Solana, Litecoin, Stellar, Zcash, Chainlink, etc. Hence, the positive market sentiments have lit up as the AVAX price makes a bullish move towards the interim resistance zone between $28.29 and $30 from the lows below $20. However, the price is believed to have entered a preparation period which could be followed by a massive upswing.
The long-term price action suggests the price is heading towards the end of the accumulation phase. The token has undergone a similar consolidation that it displayed before the beginning of the 2021 bull run. Hence, a breakout from the current range could attract massive bullish attention, eventually triggering a fine rise, which may further transform into a bull run. However, the target remains slightly elevated, as the bulls do not appear to be well in position at the moment.
The Bollinger bands have begun to converge but are not showing the possibility of an expansion, which indicates a breakout. Besides, the levels of the DMI are approaching each other for a bullish crossover, which may consume some more time. Therefore, the AVAX price may continue to maintain an ascending consolidation and surpass the interim resistance zone. However, after surpassing the average bands of the Bollinger and rising above 0.236, this may validate a surge above the bearish influence.
Therefore, considering the Fibonacci levels, the new ATH could be above $154 in early 2025 if the Avalanche (AVAX) price breaks above the consolidation before the end of Q3 2024.
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #AVAX✅
$AVAX
A Case of Negligence: Bank Held Liable in Fraud Incident 💸
In Suzhou, China, a recent case highlights the crucial responsibility financial institutions bear in safeguarding customer information and responding swiftly to suspicious activities.
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Li Chengming's ordeal began when he deposited 599,271 yuan into his bank account, only to be met with alarming notifications of unauthorized transfers totaling 383,557 yuan. Despite promptly alerting the bank and requesting that his account be frozen, the bank failed to take the necessary actions, leading to a significant financial loss.
Upon further investigation, it was revealed that a bank employee had unlawfully disclosed Li's personal information, facilitating the fraudulent transactions. The court found the bank's employees negligent, recognizing that they were aware of the fraud but failed to respond in a timely manner. As a result, the court held the bank accountable, ordering them to compensate Li Chengming with 597,298.1 yuan plus interest.
This case underscores the vital importance of protecting customer data and acting quickly to prevent fraud.
#SahmRule #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #BinanceLaunchpoolDOGS