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PeregrineX9
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Bearish
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$ETH
continues to be weak and headed towards 2815
#eth
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🚨 3 brilliant reasons to buy $ADA before its Chang hard fork🚨 As the Cardano (ADA) community awaits its next critical update – a Chang hard fork set for late June, cryptocurrency traders and investors might want to use the time left to accumulate the popular token and strengthen their positions before a possible bullish rally ignited by the upgrade. Indeed, Cardano is preparing for its Chang hard fork to enhance governance, boost functionality and responsiveness in the bull market, and officially mark the completion of the Voltaire phase of Cardano’s roadmap, which will also include the drafting of the Cardano Constitution in Buenos Aires. With the upcoming event, announced earlier this year by Cardano’s founder Charles Hoskinson, there are three important reasons to invest in the token that has recently beaten Toncoin (TON) and Shiba Inu (SHIB) to become the ninth-largest asset in the crypto sector by market capitalization. #cardano #ada #btc
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🚨$PEPE Experiences a 15% Drop After Recent ATH Movements🚨 $PEPE was having an excellent May as its price followed a steep upward trajectory, but the asset experienced a drop in the last few days of the month. The graph below shows how the meme coin’s performance looked over the past month. #pepe #btc
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Despite many assets in the cryptocurrency industry starting to move in a more positive direction,$DOGE seems to still be waiting for an upwards trigger, but one crypto expert believes that traders of the popular doge meme token might not wait for much longer. As it happens, popular pseudonymous crypto market analyst CoinsKid has shared his view that Dogecoin could “run to $0.49 and beyond” in the near future, as “invalidation is losing the bottom of the potential C wave in May at $0.11929,” as he explained in an X post on May 17. $DOGE
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$BTC has stalled a little bit at the $66,000 level, which is an area that has been important previously. With that being said, I think that if we can break above that level, then it's possible that we could go looking to the $73,000 level. This is an area that has recently seen a lot of resistance, so it does make sense that would end up being a bit of a target. If we can break above there it would obviously say a lot of things, but right now it is going to be a market that simply looks at that as a potential possibility.
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$BTC has been in a tight range in the past few days. On the daily chart, the pair has been forming an inverse head and shoulders pattern. It has now moved above its neckline, which is a positive sign. Bitcoin has also risen above the Woodie pivot point at $63,265 and is nearing its first resistance level. Also, the pair has risen above the 50-day Exponential Moving Average (EMA) and the Ichimoku cloud indicators. The Relative Strength Index (RSI) has pointed upwards to 57 while the Awesome Oscillator has formed three consecutive green bars and is nearing the neutral point. Therefore, the outlook for the pair is bullish, with the next target being at 70,000. The alternative scenario is where it retreats and retests the key support at 64,000. #btc
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