Weekly close day for whole market.. Going to be interesting | Mr_Tycoon23 on Binance Square

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Bullish

Weekly close day for whole market..Going to be interesting as far some altcoins are concerned
Some can take off heavily next week
Scanning them now 📈
follow me to get important updates about next week top gainers
#BTC #RichardTeng #CryptoMovement $BTC $ETH $MDT

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💰 South Korea’s Crypto Investors Grow by 21% in 2024:🌟 South Korea saw a 21% increase in crypto investors, bringing the total to 7.78 million in the first half of 2024. Despite growing adoption, most investors hold under $7,200 worth of assets, reflecting cautious optimism. South Korea's crypto market is booming, with a 21% surge in investors in the first half of 2024, reaching a total of 7.78 million investors. This significant growth is a testament to the country's embracing of digital assets and its position as a leading market in the global cryptocurrency landscape. Key Drivers of Growth: - Increased Adoption: South Koreans are increasingly turning to cryptocurrencies, driven by growing interest and confidence in digital assets. - Regulatory Environment: The government's supportive stance on cryptocurrency regulation has contributed to the growth of the market. - Innovation: South Korea's focus on innovation and technology has created a fertile ground for cryptocurrency adoption. Market Performance: - Trading volume has soared by 67% in the first half of 2024, indicating a robust and active market. - The growth of cryptocurrency exchanges has also contributed to the increase in trading volume. Outlook: The future looks bright for South Korea's crypto market, with experts predicting continued growth and adoption. As the country continues to innovate and support its cryptocurrency sector, it sets a powerful example for other nations aiming to harness the potential of digital assets. Would you like to know more about South Korea's crypto market or other cryptocurrency-related topics? $BTC

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*Why is Solana (SOL) price down today?* SOL price is down today as a pronounced decline in onchain and economic activity leads to a drop in Solana network use. SOL $175.17 is down 3% on Oct. 31, amid minor corrections across the broader crypto market. The largest daily losses were witnessed by holders of Gigachad (GIGA) and Goatsues Maximus (GOAT), which are down 8.7% and 7% on the day. Additional data from CoinMarketCap reveals that the overall market capitalization of all Solana-based tokens has dropped from $277.9 billion on Oct. 31 to $275.2 on Oct. 31. The total trading volume has also dropped by 25.7% over the same period. SOL’s bearish divergence SOL’s drop today precedes a period of growing bearish divergence between its price and the relative strength index (RSI). Notably, SOL’s price rose between Oct. 24 and Oct. 29, forming higher highs. But, in the same period, its daily RSI descended, forming lower highs. As a rule of technical analysis, a divergence between rising prices and a falling RSI indicates weakness in the prevailing uptrend, prompting traders to sell more at local highs. The rise in the price also led to overbought conditions on Oct. 24 when the RSI hit 72, occasioning a correction as buyer exhaustion and profit-booking set in. $SOL #BinanceBlockchainWeek

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*CARDANO CALL GIVEN ON SUNDAY GU* YS !! It moves 10% from entry level !!🤩*CARDANO CALL GIVEN ON SUNDAY GU* YS !! It moves 10% from entry level !!🤩 For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40. If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense. For November, Cardano (ADA) price may trade within a range of $0.34 to $0.40. Currently priced at $0.3566 with an RSI of 53, ADA shows a moderate bullish trend but faces resistance around $0.38 to $0.40. If the price skids below the moving averages, the bears will try to sink the pair below $0.33. If they do that, the pair may decline to $0.31, where the buyers are expected to mount a strong defense. The 9-day SMA near $0.3451 acts as support, reinforcing stability. As of October 31, 2024, Cardano (ADA) is showing mixed signals in the ADA/USDT trading pair. Currently priced around $0.33, ADA is experiencing resistance just above $0.34, with support levels ranging between $0.32 and $0.335. Technical indicators are showing mostly "buy" signals, particularly in moving averages, indicating a possible near-term upward trend. However, the Relative Strength Index (RSI) is in a neutral zone, and the Stochastic RSI is overbought, suggesting caution for traders seeking immediate gains. Key support levels could be crucial if the price dips, but if ADA holds steady above its 20-day moving average, it might retest recent highs. $ADA #16thBTCWhitePaperAnniv #USJobOpeningsDip

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*TONUSDT MARKET OVERVIEW*👀👀 Launched in 2018, this Layer-1, Ethereum-based altcoin plays a vital role in the crypto space. Toncoin gained significant attention from investors after the investment of Pantera Capital, a leading hedge fund and venture capital located in the USA. The Toncoin has jumped approximately 123.26% this year alone, resulting in it securing a spot in the top 10 cryptocurrencies by market cap. However, with the arrest of Pavel Durov, CEO of Telegram, the TON price has taken a significant hit. Toncoin (TON) price is currently trading at $4.93, down 2.39% with a decrease of 27.16% in intraday trading volume. The price has been trending downward, with the 9-day SMA acting as a resistance level. The RSI of 38.99 suggests that the asset is nearing oversold territory, which could signal a potential bounce if buying momentum increases. However, the bearish sentiment may continue if the broader market remains weak. For November, if Toncoin fails to break above the $5.00 resistance, further declines toward the $4.50 support are likely, though a rebound to $5.50 could occur if momentum shifts. $TON #BinanceBlockchainWeek

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CORE/USDT trading pair represents the value of the Core DAO (CORE) token against Tether (USDT), a stablecoin pegged to the US dollar. CORE, a relatively new asset in the crypto space, aims to bring decentralized finance (DeFi) to the next level by focusing on scalability, security, and governance. When analyzing CORE/USDT, it’s essential to consider several technical and fundamental aspects to make informed trading decisions. *From a technical perspective* Recent price movements show that CORE/USDT has experienced significant volatility, typical for emerging tokens. Traders should monitor key indicators such as the Relative Strength Index (RSI) to gauge overbought or oversold conditions. Additionally, support and resistance levels around recent highs and lows provide potential entry and exit points. Moving averages, particularly the 50-day and 200-day lines, can offer insight into the broader trend. Fundamentally, Core DAO's mission and development updates could impact CORE’s value. Its adoption rate in the DeFi ecosystem and potential partnerships are also significant. However, external factors like regulatory news and market sentiment towards DeFi tokens can affect prices, as DeFi remains a high-risk, high-reward sector. Overall, risk management is crucial when trading CORE/USDT, especially given its volatility and the broader uncertainties in the crypto market. #BTCBreak71K #BinanceBlockchainWeek

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