$SUPER /USDT
Spot and resistance are crucial concepts in technical analysis for traders and investors. The **spot price** refers to the current market price at which an asset, such as stocks, commodities, or currencies, can be bought or sold for immediate delivery. This price is influenced by factors such as supply and demand, market sentiment, and external economic events.
**Resistance**, on the other hand, is a price level where an asset faces selling pressure, preventing its price from rising further. It occurs because traders and investors often perceive this price level as overvalued, prompting them to sell. When an asset's price approaches the resistance level, it may struggle to break through due to increased selling activity. However, if the price breaks above this level, it may indicate a new bullish trend, signaling that the previous resistance has become a new support level.
Traders use these concepts to make informed decisions, identifying potential entry and exit points in the market. Understanding spot prices and resistance
{spot}(SUPERUSDT)
levels can help traders capitalize on market movements, manage risk, and optimize their trading strategies. These concepts are fundamental to navigating the complexities of financial markets.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
Russia's Crypto Plans for BRICS Trade Unveiled
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Russia has revealed its strategy to incorporate cryptocurrency into BRICS international trade, aiming to challenge the U.S. dollar's dominance. The plan includes launching two crypto exchanges, one in Moscow and another in St. Petersburg, under an experimental legal framework.
These exchanges are set to support foreign economic activities (FEA) within BRICS, initially catering to "blue-chip" entities. The St. Petersburg exchange may build on the existing SPCE framework, while the Moscow exchange's structure is yet to be determined.
A key component of this plan is the introduction of stablecoins pegged to the yuan and a BRICS currency basket. However, challenges like blockchain technology issues and regulatory uncertainty loom large. The new exchanges face scrutiny, with concerns about transparency and the potential impact of sanctions, raising doubts about the project’s credibility and market trust.
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🚨 Is SOL Losing Its Spark? Solana's Network May Hold the Answer 🔍
$SOL 🌏⤴️🪙
{spot}(SOLUSDT)
Solana's native cryptocurrency, SOL, has been experiencing a period of low volatility, trading sideways at around $143 for the past week 📊. This is a significant change from its previous high volatility and demand, leaving investors wondering if SOL is losing its spark 💔.
📉 Solana Network Slowdown 📉
The Solana network's slowdown may be contributing to SOL's current situation, with a decline in:
- Transactions 📊
- On-chain volume 💸
This decrease in activity could be a sign of waning interest or a temporary lull in the network's growth 🤔.
📈 Comparison to Other Cryptocurrencies 📈
However, it's worth noting that other cryptocurrencies, such as Bitcoin, are also experiencing a slowdown 📊. This could be a sign of a broader market trend, rather than a specific issue with SOL or the Solana network 🌐.
🔮 Potential Causes and Future Outlook 🔮
Potential causes for SOL's slowdown include:
- Increased competition from other layer 1 blockchains 🏃♂️
- Decreased demand for SOL tokens 📉
- Technical issues or scalability limitations 🤖
Despite this, Solana's network still boasts:
- Fast transaction times ⏱️
- Low fees 💸
- Growing DeFi ecosystem 🌱
Investors and enthusiasts are eagerly waiting to see if SOL can regain its spark and continue its growth trajectory 🚀.
Binance's Former CEO Changpeng Zhao Transferred to New Facility Amid Legal Battles
Changpeng Zhao’s recent relocation underscores the growing scrutiny surrounding cryptocurrency leaders and platforms. The transfer, which could have far-reaching implications for Binance’s operations and the broader crypto landscape, has caught the attention of many in the industry.
Zhao, the former CEO of Binance, was moved from federal custody to a halfway house as part of his ongoing legal proceedings. This shift, from the Federal Correctional Institution in Lompoc to a secure administrative facility in the Greater Los Angeles area, marks a critical point in Zhao's legal journey.
The Department of Justice (DOJ) has been relentless in its pursuit, accusing Zhao of violating security laws last year. Central to the case is the claim that Zhao failed to establish a robust anti-money laundering (AML) program, thereby breaching the Bank Secrecy Act (BSA).
The specifics of Zhao’s recent transfer remain undisclosed due to security concerns, sparking widespread speculation about the nature and outcome of the investigation. The authorities have maintained a tight lid on details, leaving many in the industry guessing about the true scope of the legal challenges ahead.
**The Ripple Effect on Binance**
For those familiar with Binance, the name Changpeng Zhao is synonymous with the exchange’s meteoric rise. However, the allegations against him have cast a long shadow over Binance, significantly affecting its operations and market standing.
These legal battles have led to a noticeable decline in user confidence, resulting in decreased trading volumes and a potential shift in Binance's market dominance. Investors are now reassessing their positions as the legal proceedings unfold, raising. critical questions about the future of both Binance
Top Crypto News Today: Bitcoin Exchange Inflows See Steep Decline in August Amidst Market Uncertainty.
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Here’s a list of five altcoins that could potentially turn a $100 investment into $1,000, thanks to their promising growth trajectories:
1. Polygon ($MATIC ): As a Layer 2 solution for Ethereum, Polygon is enhancing scalability, speed, and reducing transaction fees. Experts predict MATIC’s price could fluctuate between $1.20 and $1.38, with lows around $0.32 and highs reaching up to $3.10.
2. Solana ($SOL ): Known for its fast and secure decentralized platform, Solana is quickly gaining traction among developers and projects. If this momentum continues, SOL’s value could soar to $142 by 2024.
3. Chainlink ($LINK ): This decentralized oracle network is crucial for providing smart contracts with reliable real-world data. LINK is poised to break previous records, potentially hitting a new high of $63. However, a market correction could bring it back down to around $21.
4. VeChain ($VET ): With its blockchain-based supply chain management platform, VeChain is focused on enterprise solutions. VET’s growth is driven by its practical applications in tracking and verifying product authenticity.
5. Cosmos ($ATOM ): Cosmos offers a decentralized network of independent blockchains, with scalability and interoperability at its core. By 2030, ATOM could reach highs of $222, offering an impressive ROI of 1,229% from current levels.
Remember, investing in cryptocurrencies involves significant risk, so do your own research and evaluate your risk tolerance before diving in.
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{spot}(ATOMUSDT)
{spot}(VETUSDT)
{spot}(MATICUSDT)
🚀 Unleash Potential Profits with Bitcoin Miners! 🚀
JPMorgan has just fine-tuned its price targets for Bitcoin mining powerhouses like CleanSpark, Riot Platforms, and Marathon Digital. While they've adjusted their Bitcoin price forecast from $68,000 to $60,000, it’s far from a gloomy outlook. This shift opens up intriguing buying opportunities for sharp investors eager to tap into the growth potential of the mining sector.
With revised price targets and a higher network hashrate in mind, the game is changing. JPMorgan analysts Reginald L. Smith and Charles Pearce still see significant upside in select miners. 🌟
Explore the opportunities and dive into the dynamic world of Bitcoin mining! 🌐🔍
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Erik Finman stands out as the youngest cryptocurrency millionaire, achieving this milestone at just 18 years old. His journey into the world of digital assets began when he was only 12, using a $950 gift from his grandmother to purchase his first Bitcoin in 2011, at a time when Bitcoin was trading around $11.50 per coin.
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As the value of Bitcoin skyrocketed, Erik's initial investment grew exponentially. By 2017, during Bitcoin's historic surge, his holdings were substantial enough to make him a millionaire.
Erik's success isn't just marked by his early adoption of cryptocurrency. He’s also known for challenging the conventional education system. He famously made a wager with his parents that if he became a millionaire by 18, he wouldn’t need to attend college. After winning the bet, he chose to pursue his entrepreneurial interests instead.
Since then, #Finman has dived into various tech initiatives, including launching his own cryptocurrency ventures and becoming an outspoken advocate for digital currencies. His remarkable story has inspired a new generation of young investors to explore the world of cryptocurrencies and consider the opportunities it presents.
#Write2Earn! #voteforBULLISHBANTER #BinanceBlockchainWeek #CryptoMarketMoves #BinanceLaunchpoolDOGS
Jerome Powell's recent address highlighted the strides in our economic recovery as the pandemic’s effects gradually fade. Inflation has eased to 2.5%, bringing it closer to the Federal Reserve's 2% target—a promising sign for the economy. The labor market is finding its balance, with unemployment at 4.3%, reflecting a cooling job market compared to past years.
Looking forward, Powell reaffirmed the Federal Reserve's dedication to managing inflation without triggering a spike in unemployment. Their approach will stay data-driven, adjusting to shifts in economic trends. While job growth has slowed, the rise in unemployment is more about an expanding labor force than layoffs. Future policy rate cuts are on the table, aimed at keeping the economy steady.
Powell also hinted at an upcoming review of the Federal Reserve’s monetary policy framework. This review will factor in lessons from the pandemic and explore fresh strategies to boost the effectiveness of the Fed’s policies, ensuring they maintain economic stability.
#Write2Earn! #LowestCPI2021 #BinanceBlockchainWeek #CryptoMarketMoves #BlackRockETHOptions
🚨DOGS is listed on Binance now it's BLUM's turn to shine!🚨
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$DOGE $ALPACA $SUN #BLUM #BlumCrypto #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole
🚀 Unlock Potential Gains with Bitcoin Miners! 🚀
JPMorgan has recently adjusted its price targets for Bitcoin mining giants like CleanSpark, Riot Platforms, and Marathon Digital. While the bank has lowered its Bitcoin price forecast from $68,000 to $60,000, it’s not all bad news. This revision reveals intriguing buying opportunities for savvy investors looking to capitalize on potential growth in the mining sector.
With updated price targets and a higher network hashrate assumption, the landscape is shifting. JPMorgan analysts Reginald L. Smith and Charles Pearce believe there’s still significant potential in select miners. 🌟
Dive into the details and explore the opportunities in the ever-evolving world of Bitcoin mining. 🌐🔍
#Binance #BitcoinMiners #InvestmentOpportunity #CryptoInsights
BINANce company has introduced a new feature called the One Click Buy and Sell OCBS service in Africa. This service allows users in Ghana, Tanzania, Uganda, and Zambia to easily buy and sell cryptocurrencies using their mobile money accounts. The initiative is designed to improve financial inclusion, especially for those who are unbanked or underbanked in these regions. By making crypto transactions more accessible, Binance aims to support the growing demand for digital financial services in Africa news says
Here’s a list of five altcoins that have the potential to multiply a $100 investment into $1,000, thanks to their promising growth trajectories:
[Click here and VOTE on My Profile](https://app.binance.com/uni-qr/cpro/bullish_banter?l=en&r=826227325&uc=app_square_share_link&us=copylink)
1. Polygon ($MATIC ): As a Layer 2 solution for Ethereum, Polygon is designed to enhance scalability, speed, and reduce transaction fees. Experts predict MATIC's price could fluctuate between $1.20 and $1.38, with possible lows around $0.32 and highs reaching up to $3.10.
2. Solana ($SOL ): Known for its fast and secure decentralized platform, Solana is quickly gaining traction among developers and projects. If this momentum continues, SOL's value could soar to $142 by 2024.
3. Chainlink ($LINK ): This decentralized oracle network is crucial for providing smart contracts with reliable real-world data. LINK is poised to break previous records, potentially hitting a new high of $63. However, a market correction could bring it back down to around $21.
4. VeChain (VET): With its blockchain-based supply chain management platform, VeChain is focused on enterprise solutions. VET's growth is driven by its practical applications in tracking and verifying product authenticity.
5. Cosmos (ATOM): Cosmos offers a decentralized network of independent blockchains, with scalability and interoperability at its core. By 2030, ATOM could reach highs of $222, with a lower threshold of $133, offering an impressive ROI of 1,229% from current levels.
Remember, investing in cryptocurrencies involves significant risk, and it’s crucial to do your own research and evaluate your risk tolerance before diving in.
#Write2Earn! #CryptoMarketMoves #LowestCPI2021 #BinanceLaunchpoolDOGS #voteforBULLISHBANTER
🚨 Cardano Founder Charles Hoskinson Endorses RFK Jr. for President 🚨
$ADA 🌏⤴️🪙
{spot}(ADAUSDT)
In a surprise move, Charles Hoskinson, founder of Cardano, has publicly endorsed Robert F. Kennedy Jr. for president 🤝. This endorsement is significant, as Hoskinson is a prominent figure in the crypto space and his support could influence the crypto community's political leanings 🌐.
🔍 Why RFK Jr.? 🤔
Hoskinson has cited RFK Jr.'s pro-crypto stance as the reason for his endorsement 📈. RFK Jr. has been vocal about his support for cryptocurrencies and blockchain technology, aligning with Hoskinson's own values and goals for Cardano 🌈.
🚫 No Trump Alliance 🚫
Despite rumors, there is no evidence of Hoskinson supporting an alliance between RFK Jr. and Donald Trump 👊. In fact, Hoskinson has been critical of both Trump and Biden, choosing instead to support RFK Jr.'s independent candidacy 🌟.
👥 Crypto Community Support 👥
Hoskinson is not alone in his support for RFK Jr. Other crypto figures, such as Faryar Shirshad, chief product officer of Coinbase, have also endorsed RFK Jr.'s candidacy 🤝.
🔮 Implications for Pro-Crypto Policies 🔮
This endorsement could signal a new era for pro-crypto policies in the US 🌟. With influential figures like Hoskinson supporting RFK Jr., the crypto community may see a shift towards more favorable regulations and adoption 🚀.
The Crypto Fear & Greed Index has shifted significantly in response to recent market sentiment changes following the Federal Reserve's indication of a potential rate cut in September. Currently, the index stands at 56, indicating a neutral sentiment in the crypto market. This is a notable shift from 34 yesterday and 25 last week, both of which fell into the "Fear" category.
This shift towards a more neutral sentiment suggests that investor confidence may be returning to the market as traders anticipate more favorable monetary policies. The possibility of a Fed rate cut often signals to investors that borrowing costs could decrease, potentially spurring economic activity and encouraging investment in higher-risk assets like cryptocurrencies.
The rapid change from fear to neutrality reflects how quickly market sentiment can evolve, especially in reaction to macroeconomic signals from the Federal Reserve. Should the rate cut materialize, we could see further shifts in sentiment, potentially moving toward "Greed" as optimism builds around more accommodative economic policies and their impact on the crypto market.
Overall, this data illustrates the sensitivity of the crypto market to broader economic signals and the importance of staying informed about macroeconomic trends when investing in digital assets.
#PowellAtJacksonHole #CryptoMarketMoves #MtGoxRepayments
Trading setup with $XRP , consider the following:
• Buy Point (BP): $0.61
• Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
• Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and we’re in a third wave up. The $0.66 level is critical—breaking above it could trigger a direct breakout and invalidate the White count’s triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Trading setup with $XRP , consider the following:
• Buy Point (BP): $0.61
• Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
• Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and we’re in a third wave up. The $0.66 level is critical—breaking above it could trigger a direct breakout and invalidate the White count’s triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Trading setup with $XRP , consider the following:
• Buy Point (BP): $0.61
• Take Profit (TP): $0.75 (target if the breakout is successful and the trend continues)
• Stop Loss (SL): $0.50 (below this level could invalidate the bullish scenario and indicate a potential downturn)
This setup assumes the bullish scenario is unfolding and takes advantage of the breakout above the key level. Adjust according to market conditions and risk tolerance.
#XRP is at a pivotal breakout point, but the breakout has not yet materialized. The coin is currently facing a descending trend line with five touchpoints, suggesting a potential triangle pattern. Elliot Wave analysis presents two scenarios: the Yellow count, where the B-wave has bottomed, potentially unfolding into a third wave up, or the White count, where waves one and two are complete, and we’re in a third wave up. The $0.66 level is critical—breaking above it could trigger a direct breakout and invalidate the White count’s triangle scenario. Conversely, a drop below $0.50 in the Yellow count would signal bearish conditions, while in the White count, it would confirm a wave C downward. Currently, XRP is encountering Fibonacci resistance, with the next level of resistance at $0.62.
#Ripple #Trading #Futures #BinanceLaunchpoolDOGS
Crypto Price Predictions: Bitcoin, Ethereum, and Ripple (XRP)‼️
Bitcoin:$BTC ,
- Targeting $65,000, but needs to hold $63,100 as support
- Investors cautious after weeks of failed upward attempts
- Strong ETF inflows expected after Powell's statements
Ethereum:$ETH
- Broke key resistance at $2,681, now up 5%
- Next targets: $2,930 and $3,000
- Rally dependent on Bitcoin's performance
Ripple ($XRP ):
- Faced sales, struggling to benefit from recent rise
- $125 million fine marks the end of a long-standing nightmare
- Needs to overcome $0.63 resistance to avoid consolidation
DYOR / NFA
#CryptoMarketMoves #MtGoxRepayments #BinanceLaunchpoolDOGS #LowestCPI2021 #LowestCPI2021
🔥🔥🔥 Massive 300,000 Ethereum Transfer Stuns Major US Exchange
Whale Alert, a leading blockchain tracker for large
#CryptocurrencyTransactions , has reported two massive Ethereum transfers to the U.S.-based exchange Coinbase. These transactions occurred consecutively and were timed with a 3% rise in Ethereum's price over the past 24 hours.
Massive Ethereum Transfers to Coinbase
- According to #WhaleAlert , two separate transfers of 150,000 ETH each were made to Coinbase, totaling 300,000 ETH. At the time of the transactions, this amount was valued at approximately $395,363,493. Both transfers occurred just over four hours ago.
- The size of these transfers has sparked speculation among users on X, with many suggesting that whales are offloading ETH and anticipating further declines in the Ethereum price.
Additional Whale Activity
- Before these transfers, another whale moved 19,999 ETH, worth about $52,258,179, to Binance, the world's largest exchange.
Ethereum Price Trends
- Despite these large transactions, Ethereum's price has risen 3.25% in the last 24 hours, climbing from $2,600 to $2,690. However, the price has since pulled back slightly, currently trading at $2,671.
- Earlier this week, a notable whale with a "super diamond hand" sold 15,000 ETH, worth nearly $40 million. This whale had purchased 96,639 ETH for $1,567 each in September 2022, holding it until March 2024. After the bull market began, they sold 55,000 ETH at $3,199 each, making $176 million, and retained 41,639 ETH until recently, resulting in a total profit of $132 million.
- In related news, Ethereum co-founder #VitalikButerin recently shared a tweet encouraging more bullish sentiment about Ethereum. He posted an image of a bull on a green hill with the text "Ethereum is good," which contributed to a surge in Ethereum's price later in the week.
source - u.today
#CryptoMarkets #BinanceSquareTrends