$PEPE Coin Alert:
$PEPE is gaining traction, up 3% in the last 24 hours to $0.0000081! This upward momentum is a promising sign, especially considering PEPE's historical performance, where it has closed above its opening price 48.99% of the time.
Although PEPE is still trading at a significant discount from its recent high of $0.0000167, reached just 2 months ago, the current price represents a potential buying opportunity. The 51.54% pullback from its peak could be an attractive entry point for traders looking to capitalize on a potential recovery.
With PEPE's recent momentum and deeply discounted price, traders may see this as a chance to get in on the ground floor of a potential rebound. Keep a close eye on PEPE's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $0.0000100 level could indicate a potential reversal, and a retest of the $0.0000150 level is not out of the question.
#CryptoMarketMoves #PowellAtJacksonHole #shabana #Write2Earn! $BTC
Will Shiba Inu Hit $0.01 as Long-Awaited Shiba Inu Burn Portal Now Live
Shiba Inu could witness a resurgence of increased burns from Shibarium following the launch of the much-anticipated Shiba Inu burn portal.
The Shiba ecosystem team recently implemented the launch of the dedicated Shibarium burn portal, one of the most anticipated developments among SHIB community members. The Crypto Basic disclosed this in a report last week, spotlighting the excitement within the community.
The Prospect of the Shiba Burn Portal
Notably, the ecosystem team called the recently launched burn portal ShibTorch, stressing that it was designed to ensure a portion of the base fee from each transaction on Shibarium goes toward burning Shiba Inu. The team noted that a reduction in SHIB supply and control of inflation are some of the reasons behind the burn portal.
The burn portal is already in effect, having incinerated millions in SHIB so far. At the reporting time, data confirms that the portal has burned up to 3.26 million Shiba Inu tokens. While this presents progress, the figure is below bullish expectations. Community figures expect the burn rate to improve in the coming months.
As earlier stated, the burn portal is one of the most awaited features in the Shiba Inu ecosystem. Its launch has rejuvenated optimism of an eventual surge in burn transactions amid the recent slowdown. For context, the community has only burned 98,136 SHIB over the past 24 hours.
Within a period of extra six months, the supply could reduce to 33 trillion tokens, considering the rate of 100 trillion token burn per year. Should Shiba supply drop to 33 trillion, the $0.01 price could come within reach. At this supply, SHIB will boast a market cap of $330 billion if its price reaches $0.01.
This assessment confirms that even if the recently launched Shibarium burn portal incinerates 100 trillion SHIB tokens every year, Shiba Inu would only be able to aim for the $0.01 price sometime in 2030, six years from now.
#shiba⚡ #Shibalnu
#pepe⚡ #doge⚡ #BTC☀
Like and share @CRYPTO_CATY
RICHARD TENG THE New C.E.O of Binance, has emphasized that the crypto exchange is not pursuing an I.P.O Initial Public Offering) in the immediate future. Instead, Teng is focusing on a long-term strategy that spans 100 years, signaling the company’s commitment to sustainable growth and innovation in the crypto space.
Teng took over from Binance's founder, ChangpengbCZ ZHAO in November and has since been steering the company with a vision to ensure its longevity and adaptability in a rapidly changing industry. This approach indicates that Binance is prioritizing long-term success over short-term financial gains, which is often the goal of an IPO.
His strategy likely involves focusing on regulatory compliance, expanding services, and ensuring that Binance can continue to thrive amid the evolving global regulatory landscape. This long-term view also reflects the growing maturity of the cryptocurrency industry, where companies are beginning to think beyond immediate market trends and are considering their place in the financial ecosystem decade
$SOL Coin Analysis:
$SOL is showing signs of strength, up 1.78% in the last 24 hours to $144.94! This modest gain is a positive indicator, especially considering SOL's historical performance, where it has closed above its opening price 49.84% of the time.
Although SOL is still trading at a significant discount from its all-time high of $252.12, reached approximately 2 years and 9 months ago, the current price represents a potential buying opportunity. The 42.51% pullback from its peak could be an attractive entry point for traders looking to capitalize on a potential recovery.
With SOL's recent momentum and relatively discounted price, traders may see this as a chance to get in on the ground floor of a potential rebound. Keep a close eye on SOL's next moves, as it attempts to regain lost ground and challenge its previous highs. A break above the $170 level could indicate a potential reversal, and a retest of the $200 level is not out of the question.
#PowellAtJacksonHole #CryptoMarketMoves #shabana #Write2Earn! $BTC
10 #Bitcoin ETFs
NetFlow: +1,515 #BTC (+$91.78M)🟢
#ARK21Shares inflows 874 BTC ($52.94M) and currently holds 47,505 BTC ($2.88B).
9 #Ethereum ETFs
NetFlow: -10,760 ETH (-$28.14M)🔴
#Grayscale (ETHE) outflows 14,340 ETH ($37.5M) and currently holds 1,842,151 ETH ($4.82B).
Звезда NBA и криптоблогер заплатят штраф в $340 000 за рекламу Binance
Адвокаты двух инфлюенсеров крупнейшей криптовалютной биржи мира Binance подали в федеральный суд Майами ходатайство об одобрении сделки со следствием по делу о рекламе незарегистрированных ценных бумаг.
Звезда NBA Джимми Батлер (Jimmy Butler) и криптоблогер Бен Армстронг (Ben Armstrong), известный как BitBoy, в случае удовлетворения ходатайства выплатят в общей сложности $340 000 для урегулирования коллективного иска юридических фирм Moscowitz и Boies Schiller Flexner.
В иске от 2023 года утверждается, что инфлюенсеры продвигали незарегистрированные ценные бумаги Binance, которые, как считает следствие, что привело к существенной потере средств инвесторов.
Батлер и Армстронг отрицают «какую-либо неправомерную деятельность или ответственность, и считают, что у них есть веские доводы в защиту, если дело дойдет до суда». Однако оба решились на мировое соглашение, чтобы не тратить время и деньги на урегулирование дела.
#binance #суд
$BNB
{spot}(BNBUSDT)
$FDUSD
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Presidential Wealth: Before and After Office
Here’s a snapshot of how the net worth of U.S. Presidents and Vice Presidents has changed before and after their time in office:
- Kamala Harris: $6 million before, $8 million (as of 2024) after
- Joe Biden: $200,000 to $1 million before, $30 million after
- Barack Obama: $1.3 million before, $70 million after
- George W. Bush: $20 million before, $40 million after
- Bill Clinton: $1.3 million before, $241.5 million after
- George H.W. Bush: $4 million before, $23 million after
- Donald Trump: $3 billion before, $2.3 billion after
These figures reflect the impact of post-office activities, including book deals, speaking engagements, and investments.
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Accumulation
Accumulation typically occurs after a downward trend, manifesting as a consolidation phase where major market players build their positions.
Key features include:
- Takes place after an extended downtrend.
- The price fluctuates within a range, indicating a balance between bulls and bears.
- There is an equal distribution of candles in upward and downward price movements.
- The moving average stabilizes, with the price hovering around it.
- Volatility remains low.
Trend
Once the price breaks free from the accumulation phase, it transitions into a trend phase. This phase is marked by:
- Following the accumulation phase.
- The price climbs to higher highs and dips to higher lows.
- Impulse movements last longer than corrections.
- The short-term moving average surpasses the long-term one (e.g., 10 MA above 20 MA).
- The price trades above the 200 MA.
- Volatility escalates in the trend’s later stages as more traders get involved.
Distribution
Distribution usually follows a trend phase and resembles a consolidation period, where major market players start to offload their positions. The distribution phase is characterized by:
- Occurs after an extended uptrend.
- The price remains within a range, reflecting a balance between bulls and bears.
- Candle distribution is similar in both upward and downward movements.
- The moving average stabilizes, with the price moving along it.
- Volatility spikes as many traders entered the market at the peak of the trend.
#TradingTips #Marketsentimentstoday
Binance has long been a dominant force among Chinese crypto users, even though cryptocurrency exchanges are officially banned in China. This dominance is largely due to Binance's early entry into the market, its wide range of services, and its ability to adapt to regulatory changes. Many Chinese users rely on Binance for trading, staking, and other crypto-related activities, often using VPNs or other methods to bypass restrictions.
Binance provides guidance to its Chinese user base through a combination of user education, updates on regulatory compliance, and strategies to navigate the challenges posed by China's strict crypto regulations. The platform offers localized content in Mandarin and other services that cater specifically to the needs of Chinese users, helping them to remain active in the global crypto market despite local restrictions.
Would you like more detailed information on how Binance manages to maintain its influence in the Chinese market or how they provide guidance to users?
Here comes the second asset from the survey! - Here is a local Ethereum (#ETH) ⚪️ parsing on 30m TF.
First, I would like to remind you that a couple of days ago I have already reviewed the short-term outlook for the price movement 🔗. At that time, Sherlock warned each of you about the imminent start of a local correction, the main targets of which were:
1. Full/partial overlap of 4h imbalance ($2482-2461);
2. Removing liquidity from the low at $2515.
At the moment the above mentioned targets remain relevant, but more and more factors indicate that the beginning of a new wave of growth is possible without their participation....
➡️ Let's go directly to the analysis of the current situation: on the chart we see the formation of a technical pattern "Converging Triangle", the trading range of which has already narrowed quite strongly and in the nearest future I expect an impulsive exit from the figure. Over the last 3 days the asset was "swinging" from side to side - during these swings a new support zone was formed in the form of Bullish OB ($2578-2557). ℹ️ In case of a false breakdown of the triangle, the price will get a reaction from it. By the way - because of this zone I think that the lower targets may well remain untouched, but it would be a mistake to completely exclude the movement to them. In addition, a long bearish wick with a huge amount of uncollected liquidity ($2655-2664) has appeared from above, and it is also the strongest magnet pulling the price to itself.
#ETHETFsApproved #Write2Earn! #BTC☀ #CryptoMarketMoves #BlackRockETHOptions $BTC
{spot}(BTCUSDT)
$ETH
{future}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
Based on the results of the morning survey, I've prepared a local analysis of #BTC 🪙on the 30m timeframe.
After the sharp correction from $61,800, an "Ascending Channel" finished forming on the chart. At the opening of the New York trading session, at 01:00-01:30 PM (UTC), "helicopters" began — manipulation in both directions to clear liquidity around the key levels of $60,000 and $59,000 ✅.
➡️ This movement created a new support zone - 30m Bullish Order Block ($59,147-$59,446). At the moment, this zone serves as the main defense against a drop below $59,000. After the so-called "helicopters," a strong impulsive growth 📈 began, during which the asset rose by more than 5%. This was followed by a correction and the formation of a second local support zone at $59,956.
In conclusion, on timeframes from 15m to 1h, bullish 🐃 divergences have formed on the RSI, and it is advisable to trade from long positions (hold them if you've already entered). The best entry for new trades would be from a correction to the previously identified local support. 🧲 The main short-term magnet is the resistance zone at $61,359-$61,589.
#CryptoMarketMoves #LowestCPI2021 #Write2Earn! #BTC☀ #ETHETFsApproved $BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
📢📢Bitcoin (BTC) has recently surpassed the $61,000 mark, showing a modest 0.41% increase over the past 24 hours. This price movement reflects a slight uptick in the cryptocurrency's value, demonstrating its ongoing volatility and market responsiveness.
The increase, while relatively small, signifies a continued positive trend for Bitcoin, which has seen significant growth over the past year. The recent rise in Bitcoin's value can be attributed to various factors, including increased institutional interest, favorable market conditions, and broader acceptance of cryptocurrencies in mainstream finance.
🚀Market sentiment remains optimistic as Bitcoin continues to hold its ground above critical support levels. Analysts and investors are closely monitoring the cryptocurrency's performance, looking for signs of further momentum or potential corrections. This latest price movement suggests that Bitcoin is consolidating its gains and could be positioning itself for future growth.
🚀The broader cryptocurrency market has been experiencing fluctuations, with Bitcoin often serving as a bellwether for other digital assets. As Bitcoin crosses the $61,000 threshold, it could influence the price movements of other cryptocurrencies and impact overall market trends.
In summary, Bitcoin's recent performance, with a 0.41% increase in 24 hours, underscores its ongoing strength and resilience in the market. Investors and traders will be watching closely to see if this trend continues and how it might shape the broader cryptocurrency landscape.#bitcoinnewsupdate #BitcoinTherapist
Have you ever blamed the market for your losses? It's easy to place the blame for your failures on something else, making it easier to cope with negative experiences. However, this doesn't help. The market doesn't care about you. Moreover, failing to acknowledge your own fault only stunts your growth as a trader. In the end, you are the only one responsible for your trading results, whether they're good or bad.
#Tradingnow #TraderEducation
Technical Analysis Report: $SOL /USDT;
Current Price: $142.69
Resistance: $144.00
Support: $138.00
$SOL /USDT is approaching a key resistance level at $144.00. A breakout above this resistance could signal a bullish move, leading to potential targets of $146.00 and $148.00. Traders looking to enter a long position might consider entering above $144.00 with a stop loss set just below at $142.00 to manage risk. I recommend you guys for Long trade now and set Target at 147.79. Surely hit this target point 147.79.
On the downside, if the price fails to break above the resistance and instead drops below $142.00, it could trigger a bearish movement. In this scenario, short traders might enter below $142.00, targeting $140.00 and $138.00, with a stop loss at $144.00 to minimize losses.
This setup provides opportunities for both bullish and bearish trades, depending on the price action near the key levels. Traders should watch these levels closely to confirm their trades.
#SolanaUSTD #Write2Earn! #BullBanter #CryptoMarketMoves #BinanceBlockchainWeek