MATIC Technical Analysis: How High Can the Price Go?
Polygon’s native token, $MATIC , has exhibited impressive strength on the 4-hour chart, with price movements indicating a robust bullish trend. Recent price action has seen MATIC climb from $0.4855 to a high of $0.5393, showcasing a strong uptrend supported by critical technical indicators.
The current trading price of MATIC is just below the key resistance level at $0.5345. Should the price break above this resistance, the next levels to watch are $0.5413 and $0.5483, which could act as potential targets for bullish traders. On the downside, immediate support lies at $0.5273, with further support at $0.5265 and $0.5222, which could be significant if the #MATIC price faces downward pressure.
Meanwhile, The technical indicators are leaning heavily towards a bullish outlook. The 9 EMA is positioned above the 20 EMA, suggesting that the recent price momentum is supported by growing bullish sentiment. The convergence of these EMAs often signals the strength of a prevailing trend, which in this case, favors the bulls.
The MACD indicator also underscores the bullish momentum, with the MACD line consistently staying above the signal line. What’s more, the widening histogram reinforces the positive trend, indicating that buying pressure is likely to continue pushing the price higher in the short term.
The RSI, hovering in the overbought territory, suggests that the asset is currently overextended. However, this doesn’t necessarily indicate an immediate reversal but rather that the current bullish momentum might face some resistance as it attempts to move higher. #Polygon The full analysis and trade strategy were posted on www.ecoinimist.com.
{spot}(MATICUSDT)
🚨🚨 Urgent Alert 🚨🚨
📈 Massive Whale Accumulation Fuels Solana Surge – Is $200 Next? 💥
🚀 Solana's On-Chain Activity Soars as Whales Dive In! 🔥
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Solana (SOL) is gaining massive attention in the crypto world as on-chain activity surges with whale accumulations. Here's why SOL is making waves:
➡️💰 Whale Accumulation in Action
➖Whale Address: 9tuA8L recently withdrew 30,000 SOL (around $4.25 million) from Binance and staked it.
➖Whale Address: 7CsCGy withdrew 26,245 SOL (about $3.72 million) and also staked the tokens.
➡️🔮 Price Surge Potential
SOL is currently trading at $142.71 with a market cap of $66 billion. These massive whale movements indicate growing confidence in SOL’s long-term strength, hinting at more bullish action ahead!
➡️📈 Ready for the Bull Run?
With Bitcoin climbing back above $60,000, altcoins like Solana seem poised for a breakout. As the market heats up, investors are positioning themselves for what's next!
Whales are staking. Bulls are roaring. Solana is soaring!
$SOL
{spot}(SOLUSDT)
$BTC $ETH #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #BinanceBlockchainWeek #CryptoMarketMoves
### **Binance to Delist 9 Spot Trading Pairs on August 23: What You Need to Know**
In a significant update, Binance, the world’s leading cryptocurrency exchange, has announced the removal of nine spot trading pairs on August 23, 2024, at 06:00 CET. The pairs affected include popular cryptocurrencies like ARKM, CHZ, ENA, FIRO, IOTA, JOE, OMNI, REZ, and SUPER. These tokens will no longer be available for trading against certain fiat and crypto pairs such as TUSD, EUR, BTC, FDUSD, TRY, and BNB.
While these trading pairs are being delisted, users should note that the affected cryptocurrencies will still be tradable through other pairs on the Binance platform. This decision is part of Binance’s ongoing strategy to enhance trading quality and ensure market efficiency. The exchange frequently reviews its trading pairs, prioritizing those with sufficient liquidity and volume to protect users and maintain a top-tier trading environment.
The crypto community has already started reacting to this news, with some price volatility observed as traders reassess their strategies. Binance strongly advises users, especially those relying on automated trading bots, to review and adjust their trading strategies promptly. Spot trading bot services for these delisted pairs will also be discontinued, making it essential for users to stay informed and act accordingly.
This delisting move underscores Binance’s commitment to providing a seamless and efficient trading experience, even if it means making tough decisions. As the platform evolves, such adjustments are crucial in maintaining a high-quality trading space for all users.
Keep an eye on the market as the August 23 deadline approaches, and ensure your trading strategy aligns with these upcoming changes.
**#BinanceUpdate #CryptoNews #DelistingAlert #TradingStrategy #CryptoMarket**
To give everyone a better understanding of Fusionist, we've invited 3 team members to share glimpses of their daily work
@charles_print is a tech expert who loves discussing and sharing the latest in web3 technology.
@fusion_natasha will bring you the latest updates on our art progress, offering a sneak peek into the world of visual creation.
@fusionist_rage will share various quirky stories from the team, revealing a different side of our team life.
🪙 As a token of our appreciation for your support, each team member has 1,000 USDT💸 to distribute to followers who reply recently !
Don’t miss out—leave a comment on their pinned post!
### **TRX/USDT Faces Pressure—Is a Rebound Possible Above $0.152?**
The TRX/USDT pair has recently experienced a 5.58% decline, with the price now sitting at $0.1523. The recent downtrend raises questions about whether TRX can recover or if further downside is expected.
#### **Technical Breakdown**
- **Exponential Moving Averages (EMA):**
- The price is currently trading below the 7-period EMA ($0.1519) and 25-period EMA ($0.1545), signaling short-term bearish momentum. However, it remains above the 99-period EMA ($0.1488), indicating that the long-term trend may still hold.
- A resistance level around $0.155 could challenge any potential upside, while support around $0.148 could be key if the downtrend continues.
- **Volume:**
- The volume shows a mix of buying and selling activity, but the recent increase in volume could suggest that traders are positioning for the next move. However, sustained buying pressure will be necessary to reverse the current downtrend.
- **MACD:**
- The MACD is neutral to slightly bearish, with the MACD line hovering close to the signal line at -0.0005. This suggests that momentum is currently weak, and a clear directional move has yet to be established.
- **RSI:**
- The RSI stands at 46.5300, placing it in neutral territory. This indicates that TRX is neither overbought nor oversold, which could provide flexibility for a potential rebound or further decline.
- **Stochastic RSI:**
- The Stochastic RSI is around 60.7341 and 41.3234, showing moderate levels that could tilt either way. If the Stochastic RSI dips lower, it might signal oversold conditions, which could trigger a short-term bounce.
#### **Price Prediction**
In the current scenario, TRX faces resistance at $0.155 and support at $0.148. If the price can reclaim the $0.155 level, a rally towards $0.160 could be on the cards. However, failure to hold above $0.148 could see the price testing lower levels around $0.145.
Overall, TRX/USDT is in a critical zone where the next few moves could determine the medium-term trend.
### **MOVR/USDT Surges 22%—Is $11.50 the Next Target?**
The MOVR/USDT trading pair has witnessed a massive 22.28% surge, pushing the price to $10.505. The recent price action and technical indicators suggest that MOVR could be preparing for another rally, with the potential to reach $11.50.
#### **Technical Overview**
- **Exponential Moving Averages (EMA):**
- The price is currently above the 7-period, 25-period, and 99-period EMAs, showing strong bullish momentum. The 7 EMA at $10.483 is closely trailing the current price, providing immediate support.
- A previous high at $11.356 could act as a resistance level, but breaking it could open doors to $11.50 and beyond.
- **Volume:**
- Volume spikes indicate significant buying interest, which is crucial for sustaining the upward momentum. The increased volume also suggests strong market participation, reinforcing the bullish trend.
- **MACD:**
- The MACD is almost neutral with a slight bearish crossover, but this could be a temporary pullback before the next upward leg. The MACD line being close to the signal line indicates that the market could flip bullish again.
- **RSI:**
- The RSI is at 57.598, suggesting that the market is not yet overbought, giving MOVR more room to climb. It is comfortably below the overbought threshold of 70, which aligns with the potential for more upside.
- **Stochastic RSI:**
- With values of 13.722 and 20.902, the Stochastic RSI is indicating oversold conditions, which could result in a bounce back up. This typically precedes a strong price rally, especially in an overall bullish market.
#### **Price Prediction**
Given the current indicators, MOVR has the potential to test and possibly break the $11.356 resistance level. If the price sustains above this level, the next target could be around $11.50. Traders should watch for an increase in volume and a MACD crossover for confirmation.
In summary, MOVR/USDT is showing strong bullish signals with the potential to push higher. Keep an eye on key resistance levels and indicators for the next move!
### **BTC/USDT Set for a Bullish Breakout? Eyes on $61,500**
The BTC/USDT pair is currently showing promising signs of a bullish continuation, with the price hovering around $60,984.31, a 2.13% increase in the last session. The technical indicators suggest that Bitcoin could be on the verge of testing the $61,500 level, which could lead to a breakout.
#### **Key Indicators Point to Potential Upside**
- **Price Action & Moving Averages:** Bitcoin's price is comfortably trading above the 5-period and 10-period moving averages, highlighting a strong uptrend. The recent peak at $61,820.93 suggests a resistance level that, if broken, could propel the price towards $62,000 and beyond.
- **Volume:** Trading volume remains moderate, which often precedes significant price moves. A spike in volume could confirm the next direction for BTC.
- **MACD:** Despite being in a bearish phase with a MACD value of -19.47, the indicator shows decreasing bearish momentum, hinting at a possible bullish crossover soon. If the MACD line crosses above the signal line, we could see the price accelerate upwards.
- **RSI:** With an RSI of 60.07, Bitcoin is in a healthy position to climb higher without being overbought. This suggests there is still room for growth before hitting extreme levels.
- **Stochastic RSI:** The Stochastic RSI is nearing oversold territory, signaling that a reversal may be imminent. This could align with the broader bullish outlook if confirmed.
#### **Price Prediction**
Given the current setup, Bitcoin is likely to test the $61,500 resistance level. If the price breaks above this level, we could see a quick rally towards $62,000 or even higher. Traders should watch for a volume increase and a MACD crossover as confirmation of this move.
Stay tuned and be prepared—Bitcoin might be gearing up for its next big move!
Why Historical Data Suggests Bitcoin Could Rise 1,000%
Bitcoin has gone through several bull and market cycles, with a steady tendency. Crypto analysts typically utilize the coin's prior performance to predict its future. This time, market analyst PlanB has cited past cycle results that bode well for Bitcoin.
Bitcoin Could Grow 1,000%
In a tweet on X (previously Twitter), crypto expert PlanB predicted a further Bitcoin bull run. The crypto expert draws this conclusion from past cycles and Bitcoin price performance. An first leg up precedes a pullback and then a greater run.
The research compares the previous two bull cycles and their commonalities. The 2017 bull run saw Bitcoin rise 4x before pausing. The downturn seemed to terminate the bull market, but it was only a pause. The BTC price reached record highs after a 10x market boom.
Next bull cycle, 2020–2021, Bitcoin price played a similar role. An initial 4x rise ceased in 2020. After a delay, it rose again. BTC has 7x increased at the end of the bull cycle.
Since the current cycle is still following this tendency, PlanB expects it to play out similarly. The crypto researcher notes that Bitcoin has finished the first phase of this trend after gaining 4x since 2022.
If this pattern continues, BTC might rise 700% to 1,000%. Even if the BTC price drops as it did during the previous two cycles, a continuation of the pattern would guarantee a 300%–400% growth. It would indicate Bitcoin will break $100,000.
How High Would 1,000% Rally Be?
PlanB predicted that if Bitcoin finished at the bottom of the range with a 700% rise, it would reach $400,000 before the end of the bull market. It would exceed $550,000 at 1,000%.
#MtGoxRepayments #PowellAtJacksonHole #BTC $BTC
{spot}(BTCUSDT)
Polygon price prediction – What’s next as $MATIC recovery gains amount to 20%? - AMBCrypto Analytics
Polygon [MATIC] has been among the top five outliers on the daily and weekly price charts. Since last Friday, MATIC has risen by nearly 20%, while the rest of the market has remained sideways.
On the daily chart, MATIC was bullish as it mounted above the $0.42-level. Since 16 August (last Friday), MATIC has embarked on an extended recovery that netted almost 20% gains, at the time of writing. This reversed most of its August losses.
MATIC was trading at $0.47, at press time, and had to clear two key resistance levels to hit the supply area at $0.55.
The immediate hurdles were at $0.49 and $0.51. Given the massive buying pressure shown by the RSI (Relative Strength Index) cruising above its average level, these targets could be hit. At the same time, the Stochastic RSI was overheated as it was in the overbought territory. Hence, a cool-off couldn’t be overruled for MATIC’s rally. Also, the $0.46 and $0.42 levels were key short-term supports to consider if the rally cooled off.
$CKB /USDT
**Understanding Support and Resistance in Trading**
Support and resistance are fundamental concepts in technical analysis, crucial for making informed trading decisions. **Support** refers to a price level where a security tends to find buying interest, preventing it from falling further. It acts as a "floor" that prices struggle to break below. Traders often watch for support levels to identify potential buying opportunities.
On the other hand, **resistance** is a price level where selling interest tends to emerge, preventing the price from rising further. It serves as a "ceiling" that prices struggle to break above. Resistance levels can indicate potential selling points or areas where a rally may lose momentum.
These levels are not absolute but rather zones where the price action is likely to pause or reverse. Traders use various tools like moving averages, trendlines, and previous highs and lows to identify support and resistance levels.
Understanding support and resistance helps traders make better decisions, such as setting stop-loss orders, identifying entry and exit points, and managing risk more effectively. By recognizing these critical levels, traders can anticipate market movements and improve their chances of success.#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
{spot}(CKBUSDT)
Bitcoin pump incoming ?
If you've been paying attention to USDT.D, you already know about the inverse correlation between USDT.D and BTC.
Looking at the chart, USDT.D broke down a strong trendline support and is currently testing the point of breakdown with a possible bear channel formation.
Meanwhile, BTC is forming a broadening wedge which is a bulllish continuation pattern.
If USDT.D continues to dump, we can expect a massive leg up in BTC, sending it to $72,000 and even higher.
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Breaking 💥
Tether to Launch Dirham-Pegged Stablecoin in the UAE
Tether, the world's largest stablecoin issuer, is set to introduce a new stablecoin pegged to the UAE Dirham (AED). This launch is in partnership with the UAE-based Phoenix Group PLC and Green Acorn Investments Ltd., with the stablecoin fully backed by UAE-based reserves. The primary goal is to simplify international trade, lower transaction costs, and offer a stable currency option in a region known for its economic volatility.
This initiative aligns with the UAE's growing influence in the global crypto and blockchain industry, supported by favorable regulations and the newly established Virtual Asset Regulatory Authority. The Dirham-pegged stablecoin will join Tether’s existing lineup, which includes coins linked to the US Dollar, Euro, and more, further solidifying the UAE’s position as a leader in the blockchain space.
#Bitcoin pump incoming ?
If you've been paying attention to USDT.D, you already know about the inverse correlation between USDT.D and BTC.
Looking at the chart, USDT.D broke down a strong trendline support and is currently testing the point of breakdown with a possible bear channel formation.
Meanwhile, BTC is forming a broadening wedge which is a bulllish continuation pattern.
If USDT.D continues to dump, we can expect a massive leg up in BTC, sending it to $72,000 and even higher.
What PEPE Needs Turn Bullish
NOW🔥🔥
The Pepe Coin price chart shows the asset is in a descending wedge pattern, generally considered a bullish reversal signal, especially if the price breaks above the wedge’s resistance.
The price of Pepe coin is currently experiencing resistance at $0.00000836 near the 200 EMA. If it breaks above that, PEPE price may complete a double bottom reversal pattern that catapults it 68% to $0.00001200, which would also double as a breakout and potentially set up the price for further gains to $0.00001800.
The extremely overbought Stochastic RSI at 95.50 suggests that the price may face short-term selling pressure or a potential pullback before moving higher. This may explain why traders are shying away from the meme coin. However, during strong uptrends, overbought conditions can persist for extended periods.
If the PEPE fails to break and hold above the 200 EMA, it may drop further downward to $0.00000700 and potentially even lower below the falling wedge at $0.00000477. This would invalidate the current bullish thesis and render PEPE
PEPE Needs to Beat $0.00000835 to Turn Bullish
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🔥🔥VALUE OF MOST EXPENSIVE NFTs PLUMMET AS WINTER CONTINUES.🔥🔥
The once-booming market for non-fungible tokens (NFTs) has cooled significantly from its peak when digital artwork captivated global attention. Iconic collections like CryptoPunks and Bored Apes became cultural phenomena in 2021 and 2022, attracting celebrities such as Justin Bieber, LeBron James, and Madonna. Snoop Dogg and Eminem even performed as Bored Ape avatars at the MTV Video Music Awards.
By May 2022, the NFT market’s value skyrocketed to $617 billion. However, it has since plummeted to around $44.3 billion, a staggering 92% drop. According to CoinTelegraph, the value of some of the most expensive NFTs that were transacted during the NFT bull market has plummeted significantly.
CryptoPunks, launched on Ethereum in 2017 by Larva Labs, played a pivotal role in the NFT boom. In 2021, nine CryptoPunks were auctioned by Christie’s for $16.9 million. CryptoPunk #5822, one of only nine alien punks, was bought by Deepak Thapliyal, CEO of Chain, for 8,000 ETH (about $23.7 million) in February 2022. Its value has since halved, reflecting the broader market decline.
Similarly, EtherRock #93, part of a 2017 collection of 100 “Pet Rocks,” sold for $1.8 million in 2021. Today, an EtherRock trades for approximately 200 ETH, about $1 million less than its peak price.
Bored Ape Yacht Club, one of the major NFT collections that received mainstream attention in 2021. Bored Ape #8817 fetched $3.4 million at Sotheby’s, thanks to its rare gold fur. However, recent sales of similar apes suggest significant losses for investors, with some golden apes now selling for as low as $665,000.