#TONonBinance #XRPVictory #MarketDownturn
$BTC $ETH Ethereum (ETH) Catastrophe:Will It Lose Top-2 PostMarket trying to regain some momentum.
Right now, Ethereum is experiencing a severe decline in value relative to both the USD and Solana. Given its sharp decrease, Ethereum's standing as the second-largest cryptocurrency by market capitalization is seriously being questioned. Ethereum's value has dropped to approximately $2,400 following a sustained downward trend in price over the past few months. Although there may be a brief upturn, the long-term picture is still bleak and uncertain. Ethereum is currently facing a number of challenges. First, the value of cryptocurrencies has been greatly affected by the general pessimism in the industry. Second, users and developers have become frustrated with Ethereum's scalability problems and expensive transaction fees in periods of a higher load, despite the existence of L2s.Ethereum is currently having trouble regaining stability after breaking below a number of important support levels. Investor confidence in Ethereum's ability to recover appears to be waning as evidenced by the lack of strong buying pressure and the rising selling volume. In the meantime, Solana is quickly gaining ground. It is positioned as a strong contender to surpass Ethereum due to its growing adoption and technological advancements.

$BTC
#XRPVictory $BTC #BlackRockETHOptions Leading trading firm QCP Capital has expressed optimism about Bitcoin’s price momentum, forecasting a potential return to the highs of $74,000.

Bitcoin To Go Back to $74k High
In a recent note, the firm said it has observed substantial buyers acquiring 100,000 to 120,000 BTC Calls for December 2024, indicating confidence in the upward movement of the cryptocurrency.

“US CPI numbers triggered a break out of the range across risk assets. BTC has since traded back above 66k,” the firm wrote.

The surge in spot prices has coincided with increased institutional demand, with prominent asset managers Millennium and Schonfeld allocating approximately 3% and 2% of their assets under management (AUM) into BTC spot ETFs.

QCP Capital highlights several factors aligning favorably for Bitcoin’s breakout, including growing sovereign and institutional adoption, easing inflation concerns, and the upcoming US elections.

These factors, combined with the recent price movement, have prompted speculation about the resumption of the bull market.#MarketDownturn $ETH

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$BTC #XRPVictory #BlackRockETHOptions #MarketDownturn $BTC

$SHIB  
SHIB has jumped by 5% in the past 24 hours, with the Shiba Inu price rising to $0.00002357 as the crypto market as a whole gains by 2% today.

Shiba Inu remains down by 7% in the past week, however, as well as by 2% in the last 30 days.

On the other hand, its medium- and long-term momentum remains solid, with the coin having gained 160% in the past year.

And with SHIB’s price bouncing overnight and again this morning, today could be the beginning of a new growth spurt.

Shiba Inu Price Prediction as SHIB Bounces 5% Suddenly Overnight – New Bull Rally Starting?
SHIB’s chart and indicators show some very strong momentum right now, largely as a result of the surge it has seen in the past hour or so.

Its RSI (purple) has gone from under 30 very early this morning to just over 70 as of writing, and given that it had been suffering for several days prior to this, it could remain high for a few days yet.$BTC $SHIB #BlackRockETHOptions #RoninBridgeAlert #MarketDownturn

Breakout Alert! Solana Price Prediction for August 7.

Solana (SOL) has given a crucial breakout above $145, and there is a high chance it could soar to the $161 level.

With a massive price surge of over 15%, SOL has outperformed BTC, ETH.

Solana’s open interest has skyrocketed by 17% in the last 24 hours.

After a massive price crash, the overall cryptocurrency market has experienced a significant upside move in the last 24 hours. Amid this, Solana (SOL) the world’s fifth-biggest cryptocurrency has gained massive attention from crypto enthusiasts following its substantial price surge. 

Breakout in Solana (SOL)

During the price crash, SOL reached the lowest level of $109.66. Since then, it has experienced a notable price surge of over 33%. However, this price surge has caused a crucial breakout of the $145 level in the 4-hour time frame. 

Solana price prediction

According to expert technical analysis, SOL looking bullish as it is trading above the 200 Exponential Moving Average (EMA) and recently gave a breakout of a crucial resistance level of $145. 

Following this breakout, there is a high chance it could soar another 10% to the $161 level. However, if investors’ interest and market sentiment remain bullish then SOL could soar to $185 to its next resistance level. 

This breakout and this surge in open interest will be potentially responsible for the upcoming bullish rally in the coming days. 

SOL price analysis

At press time, SOL is trading near $147 and has experienced a notable price surge of over 15% in the last 24 hours. Despite this massive price surge, its trading volume has dropped by 56% during the same period.

Meanwhile, SOL’s open interest (OI) has skyrocketed by over 17%, in the last 24 hours. This significant surge in OI indicates higher interest from investors and whales.

$SOL
#MarketDownturn #RoninBridgeAlert #BlackRockETHOptions #BinanceTournament

DOGE/USD

The rate of DOGE has increased by 1.40% over the last 24 hours.

The price of DOGE might have set a local resistance level of $0.1020. At the moment, it is returning to the support level.

If buyers cannot seize the initiative by the end of the day, there is a chance of a breakout followed by a move to the $0.09 zone.

On the daily time frame, one should pay attention to the nearest level of $0.09136. If the rate returns to it, the accumulated energy may be enough for a dump to the $0.08 area. Such a scenario is relevant until the end of the week.

On the bigger chart, traders should also focus on that level. If the weekly candle closes far from it, there is a possibility of a bounce back to the important zone of $0.1 and above.

DOGE is trading at $0.0977 at press time.

$DOGE
#MarketDownturn

NEAR's recent fluctuation is significant, with a relatively large change of over 7%. This indicates that there is a lot of volatility in the market for this particular cryptocurrency. The high and low points show that there is a lot of interest and trading activity, potentially from both buyers and sellers. This can be a reflection of the overall sentiment towards NEAR, which could be influenced by factors such as news, developments, and market trends. It is important for investors to closely monitor these fluctuations and make informed decisions based on their strategies and risk tolerance.#BTCMarketPanic #MarketDownturn

$FLOKI #BTCMarketPanic Floki: Unleashing the Power of Community-Driven Innovation

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Floki's unique approach includes:

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By joining the Floki community, you'll be part of a vibrant and diverse group of individuals working together to:

- Develop innovative solutions and products
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Don't just be a spectator - be a part of the Floki revolution. Join the movement today and help unleash the power of community-driven innovation.

After trading under a bearish sentiment for the past few days, the cryptocurrency market has recorded a strong bullish reversal by adding 9.09% in valuation within the past 24 hours. Further, the market leader Bitcoin price has jumped approximately 10%, indicating a positive outlook.

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Moreover, Arbitrum crypto has displayed a similar price action by adding significant value to its portfolio. With the rising price action, is this the right time to invest in these altcoins to book massive profits during the upcoming AltSeason rally?

ARB Coin Price Displays Increased Price Volatility:
With a bullish recovery in the cryptocurrency market during the early Asian trading hours, the Arbitrum price has recorded a jump of 12.79% within the past 24 hours with a trading volume of $394.106 Million, a change of -42.08%.#RecessionOrDip? $BTC

Cardano (ADA) Price AnalysisCardano’s (ADA) fall saw the price lose crucial support levels as it dipped to a low of $0.277 on Monday. ADA, which had been in a downward trend since mid-July, saw bearish sentiment intensify on Friday as the price fell by 7.38% to $0.364. The weekend began with considerable volatility on Saturday, as ADA posted a marginal increase. However, the price fell back in the red on Sunday, slipping below $0.35 after a 5.75% drop and settling at $0.344. The marketwide selloff also took its toll on ADA, as its price plummeted by 9.30% to $0.312.

ADA hit a low of $0.277 on Monday, but demand picked up at lower levels thanks to traders buying the dip, allowing the price to climb back above $0.30. ADA is up over 6% during the current session, as bulls attempt to drive the price above $0.35. With the sharp selling pushing the RSI into the oversold zone, a relief rally was expected. However, sellers are expected to defend the $0.35 level. Should ADA be able to push past $0.35, a move towards the 20 and 50-day SMAs could be on the c#MarketDownturn $BTC