💥💥💥 Massive $XRP Reversal: Breakout Next? Toncoin ($TON ) to Face Biggest Resistance Since August, Ethereum ($ETH ) in Poor State

#Grayscale's SUI and XRP Trusts Boost XRP Price

- Grayscale's launch of SUI and XRP trusts ignited a rally in XRP, driving strong bullish momentum. However, selling pressure quickly emerged, pulling XRP back but leaving room for potential further gains. The rally faces resistance, and breaking key levels will be crucial for sustained growth. Despite the volatility, XRP's position remains favorable for another rally if bulls regain control and sentiment stays positive.

Toncoin Targets 200 #EMA

- Toncoin (TON) is battling to break through the 200 EMA, a key resistance level. A successful breakout could signal a strong recovery, similar to the one after surpassing the 100 EMA. However, sustained capital inflow is needed for this breakout to be meaningful; otherwise, TON could face consolidation or retracement.

Ethereum Struggles Amid Market Weakness

- Ethereum (ETH) is struggling, with network activity at historic lows. User engagement and transaction volumes are declining as rival platforms like Solana and Telegram Open Network (TON) gain popularity due to lower fees and faster transactions. If Ethereum fails to address performance issues and high gas fees, it risks losing market share to more efficient networks during the broader crypto recovery.

Source - u.today

#CryptoMarketTrend #BinanceSquareTrends

$BTC is creating a HUGE falling wedge pattern!

The breakout target is $65,000. 🤑🤑🚀🚀

#bitcoin☀️ #BTC☀ #CryptoNewss #CryptoMarketTrend

💥💥💥 5 #Altcoins👀🚀 To Watch as $BTC Price Eyes $70K

Bitcoin surged 3.2%, nearing $60K, with a potential breakout aiming for $70K. As Bitcoin's bullish trend strengthens, these five altcoins are worth watching:

1. $XRP : Grayscale relaunched its XRP Trust, boosting institutional interest. XRP surged 7% to $0.57, with whales holding 6.94 billion tokens, signaling potential for continued gains.

2. Cardano (ADA): ADA rose 14.5% to $0.359, with increasing whale accumulation. A breakout above its trendline could push prices higher.

3. TRON ($TRX ): TRX dipped 2.1% to $0.148 after a recent rally but saw a 237% rise in long-term holders, reflecting strong long-term potential.

4. Polygon (POL): POL surged 15% to $0.418 after Binance integration. Increased user activity suggests further growth.

5. #SUI🔥 (SUI): SUI gained 11.35%, reclaiming $1 after Grayscale's SUI Trust launch. Growing DeFi interest and a $700M TVL highlight bullish momentum.

As Bitcoin eyes $70K, these altcoins are primed for potential gains amid the bullish market sentiment.

Source - coingape.com

#CryptoMarketTrend #BinanceSquareBTC

🔥 Insider Tip: When funding rates stay negative for a while…
💥 #bitcoin☀️ always pumps HARD! 💥

📊 What does this mean?
• Negative funding rates signal short sellers are paying longs 🤑
• This builds up momentum for a major BTC surge 🚀
• Historically, this is a bullish indicator for #Bitcoin! 📈

💡 Get ready, the next BTC pump could be around the corner!💪

#cryptostrategy #bitcoinpump #BTC☀ #CryptoMarketTrend $BTC

💥💥💥 Top Three #Altcoins👀🚀 to Watch as Bitcoin ($BTC ) Price Rebound Above $58k

The cryptomarket cap rallied over 1% in the past 24 hours, with Bitcoin reclaiming support above $58,000. This recovery has influenced key altcoins like #binancecoin (BNB), Sui (SUI), and Cardano (ADA), all signaling potential rebounds. The broader market has been buoyed by U.S. inflation easing to 2.5% and gains in major stock indexes.

Top Altcoins to Watch:

1. Decentraland ($MANA ): MANA, benefiting from Web3 adoption, has risen over 3% to $0.2719. With a $594M market cap, technical indicators like the daily RSI suggest a potential price reversal.

2. The Graph ($GRT ): GRT has seen increased short funding rates, setting up for a potential short squeeze. Trading at $0.14, it has a $1.5B market cap, with strong support at 12 cents and bullish RSI divergence signaling further upside.

3. Aave (AAVE): Aave, a top DeFi protocol, has gained 2%, trading at $147. With a $2.4B market cap, Aave is well-positioned for further growth amid the broader market recovery.

With the market showing signs of recovery, these altcoins are positioned for potential gains, supported by strong technical setups and increased interest from investors.

Source - coinpedia.org

#CryptoNewsCommunity #BinanceSquareTrends #CryptoMarketTrend

💥💥💥 Spot #BitcoinETFs see $43 million in outflows, breaking two-day inflow run

U.S. Spot Bitcoin ETFs See $43.97 Million in Outflows on Wednesday

Spot Bitcoin exchange-traded funds (ETFs) in the U.S. posted net outflows of $43.97 million on Wednesday, ending a two-day streak of positive inflows.

Among the ETFs, Ark Invest and 21Shares’ ARKB saw the largest outflows, totaling $54.03 million, according to data from SoSoValue. Grayscale’s GBTC recorded $4.59 million in net outflows, while its Bitcoin Mini Trust experienced outflows of around $511,230.

On the other hand, Fidelity’s FBTC led inflows, reporting $12.57 million in net gains, while Invesco’s BTCO saw $2.59 million flow into the product. Seven other funds, including BlackRock’s IBIT, recorded no daily flows, with #IBIT having reported no net inflows since August 26.

The 12 Bitcoin ETFs recorded a total daily trading volume of $1.27 billion on Tuesday, a significant increase from $712.25 million the previous day. Since their launch in January, these funds have accumulated $17 billion in net inflows.

#EtherETFs Also See Outflows

Spot Ethereum ETFs in the U.S. posted net outflows of about $542,870, with seven out of nine funds showing no daily inflows. VanEck’s ETHV had $1.71 million in outflows, while Fidelity’s FETH recorded $1.17 million in net inflows.

Ether ETFs had a total daily trading volume of $126.22 million on Wednesday, up from $102.87 million on Tuesday. Cumulatively, Ethereum ETFs have experienced $562.06 million in net outflows.

Market Response and Economic Outlook

Bitcoin’s price rose 3.37% over the past 24 hours, reaching $58,318, while Ether gained 1.78%, trading at around $2,373, according to The Block’s crypto price page.

Rachael Lucas noted that Bitcoin and Ethereum ETF outflows are a normal reaction to strong U.S. data. Inflation rose 0.2% in August, bringing the 12-month rate to 2.5%. Investors await next week’s Fed meeting, with an 85% chance of a 25 basis point rate cut.

Source - theblock.co

#CryptoMarketTrend #BinanceSquareBTC

💥💥💥 #Xrp🔥🔥 Price Slips But Will The 100-SMA Ignite A Comeback?

XRP Price Targets Upside Break Above Key Resistance Levels

- $XRP is positioning itself for a potential move above the $0.5420 resistance zone, trading above $0.5320 and the 100-hour Simple Moving Average. However, the price recently dipped below a key bullish trend line with support at $0.540 on the hourly chart, and it needs to clear key resistance levels to gain bullish momentum.

XRP Price Looks for Upside Break

- XRP started a recovery above the $0.5220 level, similar to Bitcoin and Ethereum, and managed to surpass the $0.5250 and $0.5320 resistance levels. The price spiked toward $0.5420 but faced selling pressure, forming a top near $0.5426 before correcting lower.

- The price dropped below the 23.6% Fibonacci retracement level of the upward move from the $0.5021 swing low to the $0.5426 high. It also broke below a bullish trend line with support at $0.540. XRP is currently holding above $0.5320 and the 100-hour Simple Moving Average.

Key Resistance Levels

- On the upside, XRP faces resistance near $0.540, with the first major hurdle at $0.5420. A successful break above $0.5420 could lead to a challenge of the $0.5450 resistance level. A clear move above $0.5450 might propel XRP toward $0.5550, with the next significant resistance at $0.5720. Further gains could see the price test $0.5950 or even $0.600 in the near term.
Downside Risks

- If XRP can't break the $0.540 resistance, it may decline. Support is at $0.5320 and the 100-hour SMA, with major support at $0.5225, near the 50% Fibonacci retracement of the $0.5021 to $0.5426 move.

- A break below $0.5225 could push the price toward $0.5110, with the next major support at $0.5020.

Technical Indicators

- Hourly #MACD : Losing momentum in the bullish zone.

- Hourly RSI: Currently below the 50 level, signaling some weakness.

- Major Support Levels: $0.5320, $0.5225

- Major Resistance Levels: $0.5400, $0.5420

Source - newsbtc.com

#CryptoNewsCommunity #CryptoMarketTrend #BinanceSquareTalks

🔥🔥🔥 #bitcoin☀️ Hits $58K While Mid and Large Wallets Stall, Wen New ATH?

As of today, Bitcoin has reached $58,000, with growing

- optimism among retail traders. However, according to market intelligence platform Santiment, for Bitcoin to return to its all-time high levels, shifts in wallet size distribution will be critical.

Retail Traders Boost Small Wallet Growth

- Santiment’s data indicates that wallets holding less than 1 BTC are at their highest level in seven months, signaling increased confidence among retail traders. These smaller wallets, which represent a significant portion of retail traders, have been steadily accumulating Bitcoin, reaching their largest share of the total supply since February 7, 2024. This rise suggests growing confidence among new and smaller investors, although traditionally, large holders have driven major price rallies.

Mid-Sized and Large Wallets Show Stagnation

- In contrast, wallets holding between 1 and 100 BTC saw their supply share peak on July 27, 2024, but have shown little movement since then. Similarly, larger wallets with over 100 BTC reached their highest point on August 14, 2024, but have since plateaued. This stagnation indicates that neither mid-sized nor large holders are aggressively accumulating, which typically signals bullish sentiment. Instead, their neutral behavior suggests caution or profit-taking.

- Santiment notes that for Bitcoin to approach all-time high levels, wallets holding less than 1 BTC would typically be selling, mid-sized wallets would continue to grow, and large holders would be accumulating heavily.

Potential #BullishMomentum ?

Despite stagnation among large wallets, IntoTheBlock data shows 8.03K BTC withdrawn from exchanges in the past 24 hours. Over the past week, 6.29K $BTC was withdrawn, and 9.6K BTC in the last 30 days. This decreasing supply on exchanges may reduce selling pressure and potentially boost Bitcoin’s price if demand rises.

Source - thecryptobasic.com

#CryptoMarketTrend #BinanceSquareTalks

💥💥💥 $AAVE Soars 21% To Hit 2-Year High, $182 Target in Sight

As the broader market recovers, despite Bitcoin's slight dip following the Presidential debate, #DefiTokens are experiencing a strong surge. AAVE from the Ethereum ecosystem has hit a 2-year high, showing promising growth alongside other tokens. Here's a closer look at AAVE's price action and potential target levels.

AAVE's Breakout Rally

- AAVE has surged 10.21% in the past 24 hours, reclaiming the key $150 mark. With a market cap of $2.25 billion, AAVE is currently trading at $150.97.

- The daily chart shows a strong trend reversal, with consecutive bullish candles. Notably, AAVE has broken out of a large cup-and-handle pattern, with a neckline at $142.69, which aligns with the 100% Fibonacci retracement level.

AAVE Price Chart

- AAVE recently formed a morning star pattern near the 20-day EMA, triggering bullish momentum. Over the past few days, the token has risen by 21.07%, with two significant bullish engulfing candles. AAVE is now in its fourth consecutive day of gains, with an intraday increase of 0.30%.

Target Levels for AAVE

- As bullish momentum builds, the #MACD indicator has confirmed a bullish crossover, and the 20, 50, 100, and 200 EMAs show a positive alignment, further supporting the uptrend.

- The next resistance levels for AAVE are the 1.272 and 1.618 Fibonacci levels, which correspond to $160.19 and $182.45, respectively. While a minor retest of the $142 breakout level (100% Fibonacci) is possible, the cup-and-handle breakout suggests AAVE could aim to surpass the $200 psychological barrier in the near future.

Source - thecryptobasic.com

#CryptoMENA #BinanceSquareTrends #CryptoMarketTrend

UAE Strengthens Virtual Asset Supervision with New Agreement 💼

The UAE’s Securities and Commodities Authority (SCA) and Dubai’s Virtual Assets Regulatory Authority (VARA) have struck a deal to mutually oversee virtual asset service providers (#VASPs). With this agreement, any VASP licensed in Dubai will automatically be registered with the SCA, making it easier to serve the entire UAE market. 🌐

$VTHO

However, businesses aiming to operate outside Dubai will still need approval from local regulators.
What impact will this have on the UAE's crypto future? Let us know your take! 👇

#cryptoregulation #UAE #VASPs #CryptoMarketTrend

🔻 Bitcoin Falls Below $57,000 – What’s Next? 🔍

$BTC

#Bitcoin just dipped below $57,000, currently trading at $56,754 with a slight 24-hour decline of 0.12%. 📉 Is this just a small correction, or could we be in for a bigger move? 🚨

What are your thoughts on BTC’s next direction? Drop your predictions in the comments! 👇

#BTC☀ #BitcoinPriceUpdate #CryptoMarketTrend #BlockchainNews

$BTC

📉 Bitcoin Drops Below $57,000 Despite a 0.22% Gain 🚨
#bitcoinnewsupdate
$BTC

As of Sep 11, 2024, #Bitcoin has slipped below $57,000 USDT, currently trading at $56,956.71.

Despite the drop, BTC still shows a 0.22% increase in the past 24 hours.

Will this narrow gain hold, or could we see further movement? Let us know your thoughts! 👇

#BTC☀ #bitcoinprice #CryptoMarketTrend #CryptoUpdate🚀🔥

$BTC

$XRP makes a strong move as it breaks out of a Falling Wedge pattern on the 4H chart.

This signal a bullish trend.

#CryptoMarketTrend #CryptoInvestmentTips #BinanceBlockchainWeek

📉 Market Watch: US Jobs Data Impacting Crypto Prices

📉 Over the weekend, weak jobs data from the U.S. triggered a sharp drop in stock markets, affecting crypto markets as well.
With inflation data and consumer sentiment reports due this week, the market may stay volatile. Historically, Bitcoin acts as a hedge against inflation, so disappointing inflation data could spark a rally for Bitcoin and Ethereum. On the flip side, better-than-expected economic performance might stabilize both traditional and crypto markets. 🌍

💼 Why It Matters: Keep an eye on inflation reports and sentiment data this week. These macroeconomic factors could set the tone for Bitcoin’s next big move.

#Bitcoin❗ #EthereumETFApprovalExpectations #CryptoMarketTrend #USInflationData

💥💥💥 $XRP Enters Enormous Uptrend, Toncoin ($TON ) on Verge of $6 Recovery? This Ethereum ($ETH ) Move is Paramount

XRP Recovery Within Ascending Channel

- XRP is showing recovery signs after rebounding at $0.53, following an ascending price channel since June. This suggests potential bullish momentum with higher lows, signaling growing investor optimism. However, XRP remains below its 50, 100, and 200 EMAs, needing more momentum to clear resistance at $0.55 and $0.60. A break below the channel’s support could push XRP back to $0.50 or lower.

Toncoin (TON) Eyes Recovery Amid Bearish Trend

- Toncoin is near critical support at $4.99, signaling possible recovery toward $6 if buyers step in. However, TON struggles below key EMAs, requiring a breakout for sustained growth. If support fails, TON may drop below $4.50, complicating recovery.

Ethereum (ETH) Faces Resistance

- Ethereum is trading at $2,324 and could recover if it breaks resistance at $2,500. Overcoming key moving averages could trigger increased volatility, but limited institutional investment might cap ETH's growth unless demand rises.

Source - u.today

#CryptoMarketTrend #BinanceSquareTalks #CryptoNewsCommunity

💥💥💥 #Shibalnu Price Outlook: $SHIB Eyes 15% Surge if Bulls Maintain Momentum

1. SHIB Finds Support

SHIB has tested the $0.000013 support level for the second time, with buyers showing renewed interest at these levels. The price has turned positive today, and if this momentum continues through the week, a challenge of the key resistance at $0.000015 seems probable.

2. #BullishMomentum Reemerging

The price has been consolidating, allowing momentum indicators to turn bullish. The MACD histogram on the daily chart is forming higher lows, and a bullish cross appears imminent if buying pressure persists.

3. #RSI Shows Positive Signs

Since the drop in early August, the daily RSI has been making higher lows. Recently, the RSI crossed above its moving average, signaling bullish potential. If this trend continues and SHIB breaks above the key resistance, a rally could follow.

Source - cryptopotato.com

#CryptoMarketTrend #BinanceSquareTrends