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$SPELL $SPELL BULLISH BREAK My Targets: 0.01-0.02$ #HotTrens #cpi #bitcoinhalving

$SPELL $SPELL

BULLISH BREAK

My Targets: 0.01-0.02$

#HotTrens #cpi #bitcoinhalving

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Quick snapshot of token drawdown by narrative Vs. local high: Layer 1s $BTC: -5% $ETH: -15% $SEI: -42% $SOL: -18% $APT: -37% $AVAX: -29% $ FTM: -25% $INJ: -39% $MINA: -40% $ NEAR: -23% $ SUI: -31% $ RON: -18% -$NEON: -63% Modular Blockchains - TIA: -48% - DYM: -46% - CTSI: -41% - SAGA: -35% - ZETA: -42% Layer 2s - ARB: -40% - OP: -39% - STX: -21% - METIS: -41% - IMX: -31% - MANTA: -35% - MATIC: -33% - MNT: -18% - SKL: -16% - STRK: -31% Layer 3s - DEGEN: -45% AI - OLAS: -50% - RNDR: -35% - AGI: -52% - TAO: -10% - FET: -27% - AI: -41% Gaming / NFT - PIXEL: -32% - PRIME: -23% - BLUR: -38% - MANA: -26% - AXS: -30% - SAND: -26% - RLB: -53% Oracles - PYTH: -32% - LINK: -25% Memes - WIF: -27% - DOG: -12% - SHIB: -40% - DOGE: -16% - PEPE: -36% - MYRO: -51% DePin - AR: -35% - FIL: -32% RWA - ONDO: -28% - MPL: -21% Liquid Staking - JTO: -30% - LDO: -37% DeFi - PENDLE: -2% - ENA: -3% - AAVE: -23% - COMP: -32% - CRV: -32% - SNX: -27% - RUNE: -39% - UNI: -45% - JUP: -30% - SUSHI: -33% - AEVO: -37% - DYDX: -34% CEX - CRO: -21% - LEO: -5% - KCS: -35% - OKB: -23% Bridges - W: -56% - SYN: -36% Observations - L1s have been relatively holding better than other infra tokens - Modular blockchains tokens got rekt - L2s performance has been pretty average except $METIS and a few outliers that are experiencing the most drawdowns right now - AI coins like $TAO starting to pump again and we're reminded that it led the run of end October, followed by modular stack - Possibility that modular tokens and $SEI follow TAO's lead soon for round 2 - Top memecoins will most likely remain in a supercycle and we'll see some quality projects such as $DOG & $NFD playing catchup - $PENDLE, $ENA & $ONDO will continue leading the DeFi/RWA narratives, others will keep being sluggish unless new proposals are made (e.g. $AAVE fees to token holders, etc.) - Bullish $SUI & $RON that propose a great R:R for the rest of the cycle - $PIXEL & $PRIME
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765 Billion Shiba Inu ($SHIB ) Tokens in 24 Hours: What's Happening? A massive amount of Shiba Inu tokens has been on the move. In the last 24 hours, 765 billion SHIB tokens were found being transferred between large entities on the market. Most of these SHIB tokens are being sent to trading platforms like Coinbase, which often means that the holders might be getting ready to sell. If lots of tokens are being moved to be sold, SHIB's price might face a substantial surge of pressure, which is the last thing the token needs right now. Looking at the detailed transaction history, we can see huge amounts - ranging from about 45 billion to over 123 billion SHIB landing in the hands of major trading apps and platforms. From a technical perspective, there is a distinguishable triangle pattern forming. This means the price has been bouncing between higher lows and lower highs, coming to a point where it has to break out. Think of it like a coiled spring that is ready to jump out in either direction. The chart shows two important price levels to keep an eye on: one where the price struggles, with resistance at around $0.000029, and another where it does not seem to fall below, near $0.000019. Right now, SHIB is trading above the key moving averages, which may be a positive sign for those holding the token. For now, if the trend shows more signs of selling, the price could head toward the lower support level. On the flip side, if SHIB breaks out above the triangle pattern, we might see the price rise and test new highs. As the activity of whales and large traders surges, we might see Shiba Inu's volatility increase on par with it. The market could be on the verge of a prolonged recovery, and the surge in Shiba Inu transactions might be a precursor to a bullish reversal for the token. #cpi #bitcoinhalving #BullorBear #SHIB🔥🔥
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