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it doesn't make sense on this analysis. SUI growing so fast with its ecosystems. However altscoins follow BTC.
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SUI seems overheated, and a correction is just beginning.đĽđĽ
$SUI
While this coin has the potential to surpriseâthanks to strong backing from major VCs and quality market makersâit appears too overheated to sustain further growth without a correction.
In fact, the correction has already begun, as indicated by the bearish MACD EMA crossover. - The RSI also shows a significant bearish divergence, reinforcing the likelihood of a pullback.
Adding to this, many investors were drawn in by SUI's massive pump but may now begin to lose confidence. If SUI dips below the key support level, we could see a cascade of selling pressure: - Leverage positions liquidated. - Stop-loss orders triggered.
Based on these signals, I anticipate a serious correction that could drive the price down to $2.
Key levels to watch: - If SUI drops below $3.20, thereâs little support until $2.35. - Exercise caution and monitor these levels closely.
As always, DYOR (Do Your Own Research). đ¨ #BTCNextMove #BinanceAlphaAlert
The Growth of SUI Token and Its Expanding Ecosystem The SUI token has rapidly emerged as a key player in the blockchain space, driven by its robust ecosystem and growing adoption across decentralized applications (dApps). As the native token of the Sui Network, it plays a critical role in fueling the network's operations, governance, and decentralized finance (DeFi) activities. The SUI blockchain, known for its scalability and high performance, continues to attract developers and users, propelli
U.S. Government Shutdown Tonight? Key Updates and Timeline
⢠Current Status: The U.S. government is facing a shutdown at midnight on December 20, 2024, unless Congress passes a new funding bill. Recent negotiations have failed due to disagreements over spending cuts and borrowing approvals. ⢠Key Issues: ⢠The House rejected a proposed funding bill with 174 to 235 votes. ⢠President-elect Donald Trump and Elon Musk have influenced the talks, with Trump favoring higher borrowing limits and Musk pushing for spending cuts. ⢠Impact: ⢠Nearly 1 million fede
As the holiday season approaches, the cryptocurrency market is abuzz with discussions about the Santa Rallyâa period characterized by rising prices during the last week of December and the first week of January. While the phenomenon is historically rooted in traditional stock markets, the crypto market has also shown unique patterns during this time. What is the Santa Rally? The Santa Rally refers to the tendency of financial markets to post gains in the final week of December and the first few
đ $BONK Update: Team BaoBao is burning 1,000,000 $BONK per view for BURNmas! đĽ A deflationary move to reduce supply and boost scarcity. Watch those views translate into burns! đđ°
đ Price Action: $BONK is trading at $0.00002902, down 6.75% in 24H. Key levels to watch: đ Resistance: $0.00003154 đ˘ Support: $0.00002664 With RSI near 41-48, itâs approaching oversold territory. Allocate small amountsâmeme coins can moon đ or crash đ #CryptoCommunity #BONK #GrayscaleSUITrust #BinanceAlphaAlert
Today, the market experienced significant volatility, with Bitcoin dropping below the 100k milestone, marking a new chapter in its price history. Such downturns often present strategic buying opportunities, especially during red days. Historically, when Bitcoin declines by 3-5%, altcoins like XRP, SUI, PEPE and others typically face sharper corrections, often falling by over 10%.
For savvy traders, these moments can be ideal for accumulating fundamentally strong assets at discounted prices. Always prioritize assets with solid use cases and ensure your entries align with key support levels. Diversify your buys and manage risk with proper stop-loss strategies to safeguard your capital. Remember, buying in the red often requires patience, but it can yield strong returns when the market rebounds.
Fed Rate Decision Sparks Market Declines in Stocks and Crypto
On December 18, 2024, the Federal Reserve announced a 0.25 percentage point cut to the federal funds rate, bringing it to a target range of 4.25% to 4.5%. While this marks the third consecutive rate reduction this year, the Fed took a cautious stance by signaling a slower pace of cuts in 2025, with only two anticipated reductions instead of the previously forecasted four. This conservative outlook reflects the Fed's ongoing battle to bring inflation closer to its 2% target. Market Reactions The
$USUAL Surges to $1.2 Within 30 Minutes of Listing The price of $USUAL has hit $1.2 just 30 minutes after its listing, accompanied by a significant spike in trading volume. Investors are speculating that the token could reach a $1 billion market cap soon, driven by its promising utilities and growing interest. However, as with any newly listed asset, high volatility is expected. Traders are advised to proceed with caution and manage risks wisely during this price discovery phase. #PENGUOpening #FullMarketBullRun #Write2Earn! #USUALSpotLaunch
Binance addressed a data delay issue with Pudgy Penguins ($PENGU) token information provided by CoinMarketCap. The inaccurate data affected market capitalization and FDV displayed during the tokenâs listing on Binance Spot. As a goodwill gesture, Binance will distribute 135,000,000 PENGU tokens to eligible users who traded PENGU between 2024-12-17 14:00 UTC and 2024-12-17 14:37 UTC. Key Points for Traders: 1. Airdrop Eligibility: ⢠Applies to users who purchased PENGU on Binance Spot during the
$PENGU is the official token of the Pudgy Penguins NFT project, launched on December 17, 2024, on the Solana blockchain. Designed to strengthen and expand the ecosystem, PENGU boasts a total supply of 88,888,888,888 tokens, distributed strategically to promote community engagement and ecosystem growth. Key allocations include 25.9% for the Pudgy Penguins community, 24.12% for other NFT communities, and 17% for the project team. This structure highlights the project's focus on fostering partnersh
Pudgy Penguins Token Debuts on Binance with a Total Supply of 88.8 Billion
$PENGU , officially launching on December 17, 2024, has garnered significant attention within the cryptocurrency community. 1. Pre-marekt Price Pre-market data indicates that $PENGU is trading at approximately $0.05 per token, suggesting a fully diluted valuation (FDV) of around $4.4 billion. 2. Popularity and Community Engagement Pudgy Penguins has established a robust presence in the NFT space, with its collection's floor price recently surpassing $100,000, reflecting strong community support
The Usual ($USUAL ) token has shown remarkable growth, with its total value locked (TVL) more than doubling within a month. This surge reflects growing demand for stablecoins that emphasize user ownership, shared rewards, and protocol growthâkey pillars of the so-called Stablecoin Renaissance. Currently trading in pre-market, USUAL has hit a new all-time high with strong performance, recording a 24-hour increase of +18.81%, reaching $0.8464. As highlighted, pre-market trading for USUAL/USDT will
$AVA Rockets 300% After CZâs Tweet Yesterday! đ
$AVA took the crypto world by storm yesterday, soaring over 300% after a powerful endorsement by Binance CEO Changpeng Zhao on X.
In his post, CZ spotlighted Travala, the blockchain-powered travel platform backed by Binance, celebrating its incredible $100M annual revenue milestone.
The market went into overdrive: ⢠Price Surge: $0.75 âĄď¸ $3.38 within 24 hours ⢠Trading Volume: Skyrocketed by 28,436%, hitting $890M ⢠Social Media Buzz: CZâs post amassed 1.3M views, triggering a massive wave of FOMO.
The aftermath? A clear reminder of CZâs influence and Travalaâs growing dominance in blockchain travel tech.
$AVA Rockets 300% After CZâs Tweet Yesterday! đ
$AVA took the crypto world by storm yesterday, soaring over 300% after a powerful endorsement by Binance CEO Changpeng Zhao on X.
In his post, CZ spotlighted Travala, the blockchain-powered travel platform backed by Binance, celebrating its incredible $100M annual revenue milestone.
The market went into overdrive: ⢠Price Surge: $0.75 âĄď¸ $3.38 within 24 hours ⢠Trading Volume: Skyrocketed by 28,436%, hitting $890M ⢠Social Media Buzz: CZâs post amassed 1.3M views, triggering a massive wave of FOMO.
The aftermath? A clear reminder of CZâs influence and Travalaâs growing dominance in blockchain travel tech.
Based on the information provided in the Usual Protocolâs blog post titled âWelcome to a New Yield Era,â the circulating supply of $USUAL tokens at the time of listing is estimated as follows: ⢠Pills Campaign Airdrop: 8.5% of the total $USUAL supply is allocated to participants of the Pills campaign, including a 1% bonus for dedicated collectors. It is anticipated that 99% of these recipients will be able to claim their full airdrop immediately, resulting in approximately 4.25% of the total supply entering circulation on day one. ďżź ⢠Binance Launchpool Allocation: An additional 7.5% of the total supply is designated for distribution through Binance Launchpool, with the pre-market phase commencing on November 19th. ďżź Combining these figures, the initial circulating supply at listing is projected to be around 11.75% of the total $USUAL supply.
Please note that these percentages are based on the total supply, which is expected to eventually reach 4 billion tokens. Therefore, the initial circulating supply would be approximately 470 million tokens.
Recent outages affecting OpenAI's ChatGPT and API services have led to user frustration and increased complaints. This incident echoes similar challenges faced by blockchain platforms like Solana ($SOL) and Sui ($SUI) during periods of high demand. Both AI and blockchain technologies are rapidly evolving, and scaling to meet increasing user needs remains a significant hurdle. As these technologies continue to mature, addressing scalability issues will be crucial to ensure reliable and seamless user experiences. #ChatGPT #SOL #SUI
Gaming Blockchain Spotlight: How opBNB Outperformed the Competition
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