QCP Capital: Cryptocurrencies are set to soar! Big move on t | Crypto De Nostradame on Binance Square

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QCP Capital: Cryptocurrencies are set to soar! Big move on the horizonQCP analysts believe that the current period is similar to the post-COVID surge.
Experts argue that the consolidation phase for #Bitcoin is nearing its end.
Bitcoin could quickly surpass $30,000.
#Gem #News #BinanceTournament

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Panic selling by whales: Altcoins may hit the bottom! Ethereum ($ETH ), which has fallen below $ 3200, surprised with successive whale sales. The Ethereum price has lost more than 13 percent in the last 24 hours and fallen below $ 3,200. The decline in question was triggered by large-scale sales by #ETH whales and the Ethereum Foundation. With the breakdown of the $ 3,500 support, there were large liquidations in long positions. Analysts predict that the next support level will be around $ 2,800. During the general collapse in the crypto market, Ethereum whales created a negative atmosphere on the parity by selling in large amounts. Onchain analysis platform Lookonchain reported that a whale deposited 22,746 ETH ($ 77.7 million) of Ethereum into Binance and withdrew the stablecoin to pay off his debts. Over the past two days, the same whale has deposited a total of 31,968 ETH ($122.3 million) to Binance. Another whale transferred 49,910 #ETH ($170 million) to Binance in the past eight hours and then withdrew 137.8 million worth of the stablecoin. These sales caused a sharp drop in the Ethereum price, creating huge selling pressure on the pair. Ethereum, which has been on a downward trend since $4,000, lost 17.5 in value in a short time. The Ethereum Foundation continues to make strategic sales during periods when the ETH price reaches peak levels. Two days ago, when the Ethereum price was $4,000, the Foundation sold 100 more ETH from its holdings. According to Arkham Intelligence data, the Ethereum Foundation has sold a total of 4,466 ETH ($12.6 million) in the past year. 15 of these transactions were made at levels close to the market peak. The sales in question show that the #Ethereum Foundation is evaluating price peaks strategically.

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Solana (SOL) falls below $200: Investors are stressed! #Solana ($SOL ) has fallen 8 percent in the last 24 hours, falling below $200 for the first time since early November. This decline has been parallel to the pullbacks and liquidations in the market. However, Solana traders seem hopeful that this decline will result in a rapid recovery. With #Solana falling below $200, it would have been expected that traders would be cautious about expecting a price increase. However, the data shows the opposite. According to crypto data platform Coinglass, the Solana Long/Short ratio is on the rise. The Long/Short ratio indicates whether traders expect a price increase or a price decrease. When the ratio falls, the expectation is bearish. However, the ratio is increasing and is about to pass the 1 level. The development in question reflects traders' confidence that the SOL decline will be short-lived. Solana had previously formed a bull flag formation indicating that the price could rise to $300. However, this formation was invalidated when the price fell below $209.58. In addition, the popular altcoin’s trading volume continues to decrease, with sellers making up the majority of it. If this trend continues, the SOL price could fall to $153.97. If the bulls prevent the price from falling below $170.75, an uptrend could begin again. In such a scenario, the $264 level could be targeted as resistance. The restart of the memecoin craze is another factor that could positively affect the #Solana price. If the money inflow to memecoins increases, the Solana ecosystem could see more demand.

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Ripple (XRP) investors on alert: $220 million exit! While the cryptocurrency market is experiencing an earthquake, the large exits from #Ripple ($XRP ) have caused concern. Despite the decline in the cryptocurrency market, Ripple Labs' native token XRP has managed to maintain its critical support level. The $2.20 band plays an important role for XRP. In addition, the $220 million Ripple exit from crypto exchanges confused investors. According to Coinglass data, traders and long-term investors bought millions of dollars worth of XRP during the price drop. XRP spot entry/exit data reveals that 220 million worth of tokens exited the exchanges. This exit offers a positive outlook for Ripple despite the price drop. Long-term investors continue to increase their savings by maintaining their faith in the popular altcoin. In the cryptocurrency world, the term "exit" refers to the transfer of assets from exchanges to the wallets of long-term investors. Breakouts usually indicate a bullish rally and an ideal buying opportunity. Ripple, which managed to maintain $2.20 despite the sharp decline in $BTC and $ETH , is giving positive signals. Based on the recent price action, it seems that the major coin is currently in an upward trend. Especially with the recovery of ETH, Ripple can see serious increases. If #XRP manages to maintain the $2.20 level, the price could increase by 13 percent and reach $2.50 in the short/medium term. On the other hand, if it falls below this support level and closes below $2.20, a pullback to $2 could occur.

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Movement (MOVE) defies the fall: Bullish messenger! Recently listed on popular crypto exchanges, Movement (MOVE) gained upward momentum while $ETH fell. Movement ($MOVE ) gained 10 percent in the last 24 hours, bringing its market value to $ 1.6 billion. Technical indicators such as RSI and ADX confirm the strength of the uptrend. In fact, the fact that the RSI reached the level of 62 indicates that the popular altcoin can rise further before entering the overbought zone. MOVE is preparing to test critical resistance levels. If it reaches the level of $ 1.10 and the trend continues, new peaks may come. However, if the uptrend cannot be sustained, the price is likely to test the level of $ 0.59. MOVE's RSI value is currently 62, indicating an upward trend, showing a significant increase from the level of 46.6 the day before. This increase indicates that the buying pressure is intensifying. However, the parity has not entered the overbought zone, as the RSI value has not yet exceeded the level of 70. The RSI (Relative Strength Index) measures the speed and magnitude of price changes to assess whether an asset is overbought or oversold. Levels above 70 are generally overbought, while levels below 30 are oversold. MOVE’s RSI level of 62 indicates that the market is moving from neutral to bullish, suggesting that the uptrend may continue in the short term. However, when the RSI approaches 70, it may indicate that momentum is slowing and a period of consolidation or a minor correction may begin. #BinanceAlphaAlert #MarketPullback

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CZ's tweet from 2020 became a trending topic: "Waiting for the headlines: Bitcoin fell from $101,000 to $85,000. Save my tweet."

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