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$DOT #Bulls Eye Recovery: Momentum Building After Pullback?
Polkadot (DOT) Price Update: $8.95
- Polkadot’s DOT has attracted bullish interest but remains in a consolidation phase at $8.95, reflecting recent profit-taking and recovery potential.
December Pullback & Fibonacci Support
- DOT retraced 35% from a $11.64 high on Dec 4 to $7.50 on Dec 9, landing in a critical Fibonacci zone ($8.20–$9.00). At $8.95, it tests the upper range, signaling potential bullish re-accumulation.
Spot Market Dynamics
- DOT spot outflows peaked at $24.52M on Dec 9, driving sell pressure. As prices neared the Fibonacci zone, spot inflows returned, indicating renewed buying interest at $8.95.
Derivatives Market Shifts
- Open interest dropped with negative funding rates favoring shorts at 56% during the sell-off. By Dec 11, long positions dominated at 51.22%, reflecting improved sentiment as DOT stabilized.
Price Outlook
- With potential 30% upside to $11.64, DOT is attractive for bulls if Fibonacci support holds. Broader market caution persists, but renewed momentum could see DOT revisit previous highs in favorable conditions.
#CryptoMarketPredictions #BinanceSquareTalks #Polkadot
Polkadot (DOT) Price Update: $8.95
- Polkadot’s DOT has attracted bullish interest but remains in a consolidation phase at $8.95, reflecting recent profit-taking and recovery potential.
December Pullback & Fibonacci Support
- DOT retraced 35% from a $11.64 high on Dec 4 to $7.50 on Dec 9, landing in a critical Fibonacci zone ($8.20–$9.00). At $8.95, it tests the upper range, signaling potential bullish re-accumulation.
Spot Market Dynamics
- DOT spot outflows peaked at $24.52M on Dec 9, driving sell pressure. As prices neared the Fibonacci zone, spot inflows returned, indicating renewed buying interest at $8.95.
Derivatives Market Shifts
- Open interest dropped with negative funding rates favoring shorts at 56% during the sell-off. By Dec 11, long positions dominated at 51.22%, reflecting improved sentiment as DOT stabilized.
Price Outlook
- With potential 30% upside to $11.64, DOT is attractive for bulls if Fibonacci support holds. Broader market caution persists, but renewed momentum could see DOT revisit previous highs in favorable conditions.
#CryptoMarketPredictions #BinanceSquareTalks #Polkadot
$BTC Update:
As previously we posted that #BTC☀ can shown upper hand to the price market, and have to clear the trendline to show a price pull. Here #bulls shows some energy and #BITCOIN Tries to touch its $73700 resistance,But manage to reach at $71379 in bullrun and now trading at $70996. More price pull can be seen in next days.
Also $TIA and $DOT shows some good percentage of performance.
#BTC #StartInvestingInCrypto
As previously we posted that #BTC☀ can shown upper hand to the price market, and have to clear the trendline to show a price pull. Here #bulls shows some energy and #BITCOIN Tries to touch its $73700 resistance,But manage to reach at $71379 in bullrun and now trading at $70996. More price pull can be seen in next days.
Also $TIA and $DOT shows some good percentage of performance.
#BTC #StartInvestingInCrypto
$BTC PRICE ANALYSIS
#Bitcoin dipped below the support line of the symmetrical triangle pattern on May 31, but the bears could not sustain the lower levels. This suggests that the bulls continue to buy on dips.
The bulls will have to push and maintain the price above the triangle to gain the upper hand. If they do that, the #BTC☀ could rise to the overhead resistance of $73,777. The bulls may find it difficult to overcome this barrier. But if they do, the pair could surge to $80,000.
Contrarily, if the #BULLS fail to achieve a strong rebound off the current level, it will increase the likelihood of a break below the triangle. The pair might then touch to the 200-EMA ($66,518) and then to $64k-65k resistance.
On the Other hand,
Bitcoin price action could remain sideways for longer, but $BNB AR #XMR/USDT and $TIA may see some short-term gains.
#StartInvestingInCrypto
#Bitcoin dipped below the support line of the symmetrical triangle pattern on May 31, but the bears could not sustain the lower levels. This suggests that the bulls continue to buy on dips.
The bulls will have to push and maintain the price above the triangle to gain the upper hand. If they do that, the #BTC☀ could rise to the overhead resistance of $73,777. The bulls may find it difficult to overcome this barrier. But if they do, the pair could surge to $80,000.
Contrarily, if the #BULLS fail to achieve a strong rebound off the current level, it will increase the likelihood of a break below the triangle. The pair might then touch to the 200-EMA ($66,518) and then to $64k-65k resistance.
On the Other hand,
Bitcoin price action could remain sideways for longer, but $BNB AR #XMR/USDT and $TIA may see some short-term gains.
#StartInvestingInCrypto
Trending
PEPE Memecoin Analysis: Will the Bulls Rally or Will Whales Bring It Down?
In recent weeks, the supply of PEPE held by top addresses has been steadily increasing, raising concerns about the coin's centralization. This has led to speculation that PEPE could experience fresh lows if large holders decide to dump their holdings. Despite these concerns, PEPE has emerged as the most searched coin this week, and its oversold status has piqued the interest of memecoin enthusiasts. In this blog post, we will delve into the factors affecting PEPE's price action and whether the bulls have a chance to stage a rally.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
PEPE's Popularity
PEPE has consistently garnered attention during periods of low market volatility. It has maintained the highest social volume among memecoins when other cryptocurrencies, including Bitcoin and altcoins, were trading within their bottom ranges. Kucoin's recent ranking of PEPE as the top coin by weekly search further highlights its popularity.
Supply Accumulation and Sentiment Analysis
Since mid-August, the supply of PEPE held by top addresses has been on the rise. Notably, its weighted sentiment reached a low point on August 25 but rebounded to a new high by August 30.
Bearish Performance and Oversold Status
Despite these positive sentiment indicators, PEPE's price has remained bearish and recently hit a four-month low. However, this dip into oversold territory suggests that there may be an opportunity for the bulls to regain control. The high search volume and supply accumulation are supportive factors for a potential rally.
Uncertain Future
While the accumulation by top addresses is a positive sign for the bulls, it does not guarantee a rally. It's important to note that PEPE is a speculative memecoin without a unique use case, similar to the early days of Shiba Inu and Dogecoin.
Centralization and Whale Dominance
PEPE's current situation is characterized by high centralization, with over 96% of its circulating supply controlled by whales. This concentration of ownership means that these large holders have the potential to significantly impact the coin's price by selling their holdings. Despite this risk, demand has not yet been sufficient to support a major price pivot.
#pepe #memecoin #pepecoin $PEPE #bulls #bears
The investment information, comments, and recommendations provided here do not constitute investment advisory services. The comments and recommendations here are based on the personal opinions of the individuals making them. These opinions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results that align with your expectations.
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#TRADING #STRATEGY #INVESTIDEAUA @INVESTIDEAUA #INVESTIDEA
As markets continue to remain highly volatile, there is a tendency for #Bitcoin to move back slightly on the exchanges while traders remain unsure. Tether, however, remains a great sign for #bulls , as there is now a 6.9% increase in #USDT on exchanges compared to 6 months ago.
As markets continue to remain highly volatile, there is a tendency for #Bitcoin to move back slightly on the exchanges while traders remain unsure. Tether, however, remains a great sign for #bulls , as there is now a 6.9% increase in #USDT on exchanges compared to 6 months ago.
Market correction!💪🏻
Dear traders, after long red bearish days market bulls prove that they didn’t die! Despite suffering from many traps and losses they didn’t care about extreme fear in the markets and moved on to buy their favorite assets at great discounted price!💰✨
How long can bulls run this time? And how much can international news help them?
We all know that news are still heavy and we still have complicated situation in middle east plus bad recession and financial markets news…
BUT a bull is a bull🐃✌🏻💪🏻
As i said before, always use stop loss with futures trades and fill your spot wallet with your favorite tokens at good price… $PEPE $FLOKI $PENDLE #writetoearn #MarketDownturn #bulls #RecessionOrDip?
Dear traders, after long red bearish days market bulls prove that they didn’t die! Despite suffering from many traps and losses they didn’t care about extreme fear in the markets and moved on to buy their favorite assets at great discounted price!💰✨
How long can bulls run this time? And how much can international news help them?
We all know that news are still heavy and we still have complicated situation in middle east plus bad recession and financial markets news…
BUT a bull is a bull🐃✌🏻💪🏻
As i said before, always use stop loss with futures trades and fill your spot wallet with your favorite tokens at good price… $PEPE $FLOKI $PENDLE #writetoearn #MarketDownturn #bulls #RecessionOrDip?
See original
$BAND is having a great start to 2024. The first target is $3.6, if it stays strong there, it can make a bull run up to $10 levels. YTD
#Band #Bitcoin #cryptocurrencry #altcoins❗️ #bulls
#Band #Bitcoin #cryptocurrencry #altcoins❗️ #bulls
FUNDAMENTAL NEWS AND EVENTS FOR THIS FINANCIAL WEEK 🔔
Protect your portfolio at all cost.
May the #bulls be with you
Protect your portfolio at all cost.
May the #bulls be with you
$SOL
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
SOL/USDT daily chart.
Source: #tradingview
The failure to clear the overhead resistance shows that the #bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA,
it will signal advantage to bears.
The #SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption,
if the price turns up from the current level or the 20-day EMA,
it will indicate that #bulls continue to buy on dips. The pair could then #rise to $205. If this level is scaled, the pair may jump to $267.
LIVE
Cointelegraph
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Price Analysis 3/22: BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX, SHIB, TON
Bitcoin’s (BTC) failure to build upon its solid comeback on March 20 shows that bears are selling on relief rallies. The pullback has dampened sentiment in the short term, resulting in net outflows from the spot Bitcoin exchange-traded funds (ETFs) for four straight days, according to data from Farside Investors.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
However, the Bitcoin bull market is not yet over, according to a report by CryptoQuant. The on-chain data analytics firm said the bull market generally ends with “84%-92% of investment” from the short-term holders, which currently is at 48%.
Crypto market data daily view. Source: Coin360
The correction before the Bitcoin Halving is a healthy sign for the long-term sustainability of the bull market because parabolic moves are rarely sustainable. Every dip shakes out the weak hands and allows the stronger hands to add to their positions.
Will Bitcoin and altcoins continue their correction, or is it time for the recovery to begin? Let’s analyze the charts of the top 10 cryptocurrencies to find out.
Bitcoin price analysis
Bitcoin rebounded sharply off the 38.2% Fibonacci retracement level of $61,736, indicating that traders view the dips as a buying opportunity.
BTC/USDT daily chart. Source: TradingView
The 20-day exponential moving average (EMA) has flattened out, and the relative strength index (RSI) is just above the midpoint, suggesting a range-bound action in the near term. The BTC/USDT pair may face resistance at $69,000 and support at $60,775.
A consolidation near the high is a positive sign, showing the bulls are holding on to their positions and not rushing to the exit. A break above $69,000 could open the doors for a retest of the all-time high at $73,777.
The downside support is at $60,775, followed by the 50-day SMA ($57,623). Buyers are expected to defend this zone with vigor.
Ether price analysis
Ether (ETH) snapped back from the 50-day SMA ($3,161) on March 20, but the bulls could not push the price above the 20-day EMA ($3,537).
ETH/USDT daily chart. Source: TradingView
The ETH/USDT pair turned down from the 20-day EMA on March 22, indicating that the sentiment has turned negative and traders are selling on rallies. Sellers will make one more attempt to break the 50-day SMA support. If they succeed, the pair may collapse to $2,717.
Instead, if the price rebounds off the 50-day SMA, it will signal that the pair may remain between the moving averages. The bullish momentum could pick up after the pair rises above $3,700. The pair may then reach the overhead resistance at $4,100.
BNB price analysis
BNB (BNB) turned up from the 20-day EMA ($520) on March 20, but the relief rally faces resistance near $590.
BNB/USDT daily chart. Source: TradingView
The long wick on the March 22 candlestick shows selling near $590. The bears will again try to sink the price below the 20-day EMA and open the gates for a drop to the breakout level of $460. This level is likely to witness aggressive buying by the bulls.
On the upside, a break above $590 could push the BNB/USDT pair to the stiff overhead resistance at $645. If this resistance is taken out, the uptrend may continue, and the pair could rally to $692.
Solana price analysis
Solana (SOL) witnessed solid buying at the 20-day EMA ($163) on March 20, but the bulls could not drive the price above $205.
SOL/USDT daily chart. Source: TradingView
The failure to clear the overhead resistance shows that the bears are active at higher levels. If the price continues lower and breaks below the 20-day EMA, it will signal advantage to bears. The SOL/USDT pair could slump to the strong support at $126.
Contrary to this assumption, if the price turns up from the current level or the 20-day EMA, it will indicate that bulls continue to buy on dips. The pair could then rise to $205. If this level is scaled, the pair may ascend to $267.
XRP price analysis
XRP (XRP) bounced off the uptrend line on March 20 and rose above the 20-day EMA ($0.62) on March 21, signaling buying at lower levels.
XRP/USDT daily chart. Source: TradingView
If buyers shove the price above $0.67, the XRP/USDT pair is likely to pick up momentum and travel to the formidable resistance at $0.74. This is an important level to watch out for because a break above it could signal the start of the next leg of the uptrend to $0.95.
On the contrary, if the price turns down and maintains below the 20-day EMA, it will suggest that higher levels are attracting sellers. The pair may oscillate between $0.67 and the uptrend line. A slide below the uptrend line could tug the pair to $0.52.
Cardano price analysis
The bulls successfully defended the $0.57 support in Cardano (ADA) on March 20 but are struggling to sustain the price above the 50-day SMA ($0.63).
ADA/USDT daily chart. Source: TradingView
The 20-day EMA ($0.67) has turned down, and the RSI is in the negative territory, indicating that bears have the upper hand. Sellers will make another attempt to sink the price below the $0.57 support. If they manage to do that, the ADA/USDT pair could drop to $0.53 and later to $0.46.
On the other hand, if the price rebounds off the $0.57 support, it will suggest that the bulls are defending the level. The pair will then make another attempt to rise to the 20-day EMA. A break above $0.70 will indicate that the correction is over.
Dogecoin price analysis
Dogecoin’s (DOGE) relief rally rose above the 20-day EMA ($0.15) on March 20, indicating solid buying at lower levels.
DOGE/USDT daily chart. Source: TradingView
The bulls are trying to sustain the price above the 20-day EMA. If they do that, the DOGE/USDT pair will again attempt to rise above $0.16 and challenge the overhead resistance of $0.19. This level may prove to be a difficult hurdle to cross. If the price turns down from this resistance, the pair may remain range-bound between $0.12 and $0.19.
The next leg of the uptrend is likely to begin after buyers kick and maintain the price above $0.19. The pair may then rise to $0.23.
Avalanche price analysis
Buyers have managed to keep Avalanche (AVAX) above the breakout level of $50, suggesting they are trying to flip the level into support.
AVAX/USDT daily chart. Source: TradingView
The marginally rising 20-day EMA ($51) and the RSI in the positive territory show that the bulls have the edge. The AVAX/USDT pair could gradually increase to the $62 to $65 resistance zone. Sellers are expected to protect this zone with vigor. If the price turns down from this zone, the pair may consolidate between $50 and $65 for a few more days.
The uptrend could resume after buyers overcome the obstacle at $65. The pair could thereafter climb to $75. The trend will favor the bears if the price plunges below $50.
Shiba Inu price analysis
The failure of the bulls to push Shiba Inu (SHIB) above the breakdown level of $0.000029 suggests that bears are selling on rallies.
SHIB/USDT daily chart. Source: TradingView
The flattish 20-day EMA ($0.000027) and the RSI just above the midpoint suggest a balance between supply and demand. This equilibrium will tilt in favor of the bulls if the price rises above the resistance line. The SHIB/USDT pair could rise to $0.000035 and eventually to the strong resistance at $0.000039.
Alternatively, if the price continues lower and breaks below $0.000023, the decline could extend to the 50-day SMA ($0.000018).
Toncoin price analysis
The bulls are trying to push Toncoin (TON) to $4.60, but the long wick on the March 22 candlestick shows stiff resistance from the bears.
TON/USDT daily chart. Source: TradingView
The upsloping 20-day EMA ($3.54) and the RSI near the overbought zone indicate that bulls are in control. If buyers do not give up much ground from the current level, the possibility of a break above $4.60 remains high. If that happens, the TON/USDT pair could start the next leg of the rally at $5.64.
Conversely, if the price turns down sharply from the current level, the pair is likely to find support at the 20-day EMA.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Daily candle saved at $FTM .
As you can see, it closed just above my level. Now the #bulls must step in and start to push the price higher! 🤞
#FTM #FantomFTM
As you can see, it closed just above my level. Now the #bulls must step in and start to push the price higher! 🤞
#FTM #FantomFTM
LIVE
YG crypto
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$FTM was one of last week's top performers.
After an important correction, it is now giving a #bullish retest of the flipped resistance level.
If we get a daily candle closure above the level, I think the local bottom should be in.
Just be a bit patient here before entering.
#ftm #FTMUSD
After an important correction, it is now giving a #bullish retest of the flipped resistance level.
If we get a daily candle closure above the level, I think the local bottom should be in.
Just be a bit patient here before entering.
#ftm #FTMUSD
With $70 investment in this crypto COIN, You will become rich in weeks.
Polkadot should be on your watchlist now.
Why buy Polkadot??
The advance of blockchain technology continues to progress rapidly, and demand for solutions such as Polkadot’s interoperability will increase as time goes on.
This makes Polkadot one of the most exciting DeFi projects to invest in now.
Another reason to buy Polkadot
DOT is currently trading approximately 90% below its ATH, showing the potential value of the coin during previous bull markets.
With blockchain technology and adoption increasing, forecasts are that DOT will exceed its previous ATH and potentially skyrocket.
You should buy and hold DOT with 5% of your portfolio. DYOR, Hold till next bullrun.
😍Like and follow🥳 for more profitable updates 📌
#bulls #Crypto_Angel
Polkadot should be on your watchlist now.
Why buy Polkadot??
The advance of blockchain technology continues to progress rapidly, and demand for solutions such as Polkadot’s interoperability will increase as time goes on.
This makes Polkadot one of the most exciting DeFi projects to invest in now.
Another reason to buy Polkadot
DOT is currently trading approximately 90% below its ATH, showing the potential value of the coin during previous bull markets.
With blockchain technology and adoption increasing, forecasts are that DOT will exceed its previous ATH and potentially skyrocket.
You should buy and hold DOT with 5% of your portfolio. DYOR, Hold till next bullrun.
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#bulls #Crypto_Angel
Shiba Inu Can Make 10x By 2024: Here are 5 Reasons Why!
In cryptocurrency positivity, #ShibaInu are some general predictions that can be given by a crypto analyst for potential price growth. Here are five potential reasons:
Increase in Adoption: If there's an increase in adoption and use of the Shiba Inu coin for transactions, this could potentially lead to a price increase. Increased demand, with a stable or decreasing supply, can result in price increases.
Mainstream Attention: Cryptocurrencies often surge in price when they receive attention from mainstream media or popular figures. This publicity can attract new investors and drive up demand.
Positive Market Sentiment: The overall sentiment in the cryptocurrency market can affect the price of individual cryptocurrencies. If the overall sentiment is positive, this can increase the price of many cryptocurrencies, including potentially Shiba Inu coin.
Technological Developments: If there are technological developments that increase the functionality, security, or efficiency of the Shiba Inu coin, this could potentially make it more attractive to investors and users, driving up its price.
Regulatory Environment: The regulatory environment can have a major impact on the price of cryptocurrencies. If there are positive regulatory developments for Shiba Inu coin, this could potentially drive up its price.
Keep in mind that investing in cryptocurrencies carries significant risk and you should only invest money that you can afford to lose.
#SHIB #bulls
Increase in Adoption: If there's an increase in adoption and use of the Shiba Inu coin for transactions, this could potentially lead to a price increase. Increased demand, with a stable or decreasing supply, can result in price increases.
Mainstream Attention: Cryptocurrencies often surge in price when they receive attention from mainstream media or popular figures. This publicity can attract new investors and drive up demand.
Positive Market Sentiment: The overall sentiment in the cryptocurrency market can affect the price of individual cryptocurrencies. If the overall sentiment is positive, this can increase the price of many cryptocurrencies, including potentially Shiba Inu coin.
Technological Developments: If there are technological developments that increase the functionality, security, or efficiency of the Shiba Inu coin, this could potentially make it more attractive to investors and users, driving up its price.
Regulatory Environment: The regulatory environment can have a major impact on the price of cryptocurrencies. If there are positive regulatory developments for Shiba Inu coin, this could potentially drive up its price.
Keep in mind that investing in cryptocurrencies carries significant risk and you should only invest money that you can afford to lose.
#SHIB #bulls
Dont trust red color 😎🐃
#ETH_ETF_Launch_23July Approval_23July — Breaking news! The SEC has granted preliminary approval for Ethereum (ETH) ETFs to at least three out of eight asset management companies. With final documents due soon and a potential launch on July 23, this is the change that the bulls are waiting for🦬🐃🦏
The market will rally up🐎🐎🐎🪽🪽🪽
Stay positive & Good luck🙌🏻💰💵💥✨✌🏻🥂💎#BinanceTurns7 #bulls $ETH $BTC #writetoearn
#ETH_ETF_Launch_23July Approval_23July — Breaking news! The SEC has granted preliminary approval for Ethereum (ETH) ETFs to at least three out of eight asset management companies. With final documents due soon and a potential launch on July 23, this is the change that the bulls are waiting for🦬🐃🦏
The market will rally up🐎🐎🐎🪽🪽🪽
Stay positive & Good luck🙌🏻💰💵💥✨✌🏻🥂💎#BinanceTurns7 #bulls $ETH $BTC #writetoearn
Today crypto news 13 Jun 2023
🚨 Binance to swap 750M token pairs for more popular ones.
🇪🇺 MiCA crypto legislation moves closer to passing in EU.
🇺🇸 DoJ indicts 2 Russians for alleged Mt. Gox hack & theft of 647K BTC.
#CryptocurrencyNews #bitcoin
#bulls
🚨 Binance to swap 750M token pairs for more popular ones.
🇪🇺 MiCA crypto legislation moves closer to passing in EU.
🇺🇸 DoJ indicts 2 Russians for alleged Mt. Gox hack & theft of 647K BTC.
#CryptocurrencyNews #bitcoin
#bulls