pepe go to the moon 🚀

UpBit Lists PEPE Go Tho The Moon

Bitcoin (BTC) reached a new all-time high of $77,000 on November 8th and traders expect the upward momentum to continue. Ryan Lee, the chief analyst at Bitget Research, predicts that Bitcoin will "rise to $100,000 within the next three months."

Analysts believe that Bitcoin's recent price surge is not an overextension and is supported by solid fundamentals. Alex Thorn, the research director at Galaxy, stated in his November 7th report that Bitcoin and other cryptocurrencies could trade "at significantly higher levels than the current all-time high in the next 12-18 months."

Famous analyst Rekt Capital wrote on platform X that a weekly close above $71,500 could initiate a "parabolic phase." He expects that "the likelihood of further consolidation is very low."

Despite signs that the uptrend will continue, traders still need to be cautious as the consensus is heavily leaning towards buying. When this happens, the likelihood of a strong correction to shake out weaker investors cannot be ruled out.

So what are the important support levels to watch in the event of a correction for Bitcoin and altcoins?

Bitcoin has traded above the breakout level of $73,777 for the past two days, indicating that the bulls are holding their ground.

The target for the breakout from the large range of $54,000 to $73,777 is $93,554. However, the bulls are expected to face strong resistance from the bears, who will try to pull the price back to this region.

Conversely, a drop and close below the 20 EMA line could plunge down.

Sei current price 0.446 buy, stop loss 0.43
Target 0.5, expected gain 13%
Even with stop loss still lose 3.8%
Double capital, profit to target

Bitcoin H4.


- The Bitcoin H4 chart structure is currently sideways. Today's Bitcoin H4 trading scenario continues as yesterday's scenario, which is to wait for the price action model to be a bearish Quasimodo model - bearish quasimodo - to sell. More specifically, it is necessary to wait for a push down to create a lower bottom than the previous bottom, then a rebound to retest the upper PPZ blocking zone, and the selling point is in this PPZ blocking zone, where the right shoulder of the bearish Quasimodo model is created.

SUI is an Altcoin that is currently trading at a discount of about 10% from its all-time high (ATH) of $2.18. Meanwhile, the circulating supply of Sui tokens is 2,763,841,373, with a market capitalization of $5.34 billion, ranking 19th on the global crypto list.

The Relative Strength Index (RSI) continues to move above the overbought zone on the daily chart. In addition, its average trendline shows a potential convergence of bullish expectations, which suggests that the Altcoin has positive expectations for the future.

The daily exponential moving average (EMA) 50/200 shows a significant uptrend in the Sui price chart. This suggests that the Altcoin may continue to increase in value in the coming week.

Can Sui Price Reach an All-Time High (ATH) This Month?

If it can sustain above the $1.90 support, Sui could retest the historical $2.1850 level in the future. Additionally, if the market sentiment is more bullish, Sui is expected to reach a high of $2.50 this month.

Conversely, if there is a bearish reversal, Sui price could fall back to the $1.90 support level. Furthermore, if the bearish sentiment increases, Sui coin price could fall to the lower support level at $1.6060.

Eigen Layer (EIGEN)
Unlock Date: October 8
Number of Tokens Unlocked: 9.93 Million EIGEN
Current Circulating Supply: 186.58 Million EIGEN
Ethereum-based reStaking protocol EigenLayer kicked off October by listing its EIGEN Token on major exchanges. On October 8, the project will unlock nearly 10 million EIGEN, worth $35.75 million as of this writing. These tokens will be allocated to future community initiatives, so the unlock is unlikely to impact the token’s price.

XRP is currently trading at $0.53, after falling 18%. The altcoin bounced off support at the 38.2% Fibonacci Retracement, which coincides with $0.52. This support level is crucial for maintaining bullish momentum, and XRP could continue to rise from here.

The next important target for XRP is $0.55, which coincides with the 50% Fibonacci Retracement. Breaking above this level would open the doors for a rally to $0.59.

Currently, the price of STX is $1,964. On the daily chart, the price of this altcoin dropped to $1.05 during the August 5 crash. However, the formation of an inverted head and shoulders pattern seems to have changed everything for this token.

An inverted head and shoulders pattern is a bearish to bullish reversal where buyers take advantage of seller fatigue. This eventually leads to an upward price move.

As of this writing, STX is facing resistance at $2. However, the support level at $1.73 suggests that it may not take long for this altcoin to recover.

Happy Day with CZ and Us!

Finally, Binance will then list Hamster Kombat (HMSTR) at 19:00 on 26/09/2024 (Vietnam time) and open trading for HMSTR/USDT, HMSTR/BNB, HMSTR/FDUSD and HMSTR/TRY pairs, which is currently creating a fever in the whole market.
How many do you see, Comment here

Crypto WEEX has announced that it will launch the ninth phase of the WE-Launch UbitEx (UB) project from 15:00 – 1/10 15:00 (UTC+8) on September 26,
with User Investment ≥ 1,000 WXT, you can participate in sharing 2,024 UB according to the effective investment ratio.
UB will open for trading at 16:00 (UTC+8) on October 1, and withdrawals will be available after 24 hours.
In addition, WEEX's seventh and eighth WE-Launch events are ongoing, with 206 ThoreCoin (THR) and 100,000 BaToken (BA) airdrops respectively.
Users can participate at the same time to get more rewards.
Congratulations to everyone for participating in this project!

Please reveal the number of Hamsters you received?🔥🔥🔥🔥🐨🐨🐨🔥🔥🔥🔥

#XRP price could decline below the 200-day EMA trend line, which could increase selling pressure and result in an extended downside correction towards $0.5. 📉

XRP is currently testing the upper trendline of a symmetrical triangle pattern as support, suggesting that a breakout could be imminent. If the breakout occurs, XRP could surge 29%, pushing the price to $0.76.

However, for this bullish outcome to be confirmed, XRP must first flip the $0.64 resistance level into support. This move would solidify the upward trajectory and lay the groundwork for further upside.

If the breakout attempt fails, as it has in the past, XRP could face a potential drop to $0.56. Since this level has served as strong support in the past, the altcoin could consolidate above it. This would ultimately invalidate the bullish thesis if the breakout fails.

“A big candle that we haven’t seen in years is coming, in my opinion.”

As of September 23, Bitcoin’s dominance rate was 57.39%, down 1.09% over the past week, according to data from TradingView.

Traders often look for signs that Bitcoin’s dominance is peaking, seeing it as a signal for investors to sell BTC and move capital into altcoins.

If BTC (Bitcoin) overcomes the bearish pressure and holds the $65,000 level, it could trigger a significant rally.

Confirming the pattern with a 35% increase would create a new all-time high.

M
The highest BTC could reach is $68,500, which would still refute the bearish argument.

- The new price action trigger that is forming for Bitcoin D1 is the Inside bar pattern that is being created. The D1 bar of Friday is completely covering the D1 bars of Saturday and Sunday, creating a state of price compression and accumulation. According to the theory of technical analysis, the accumulation state will lead to an explosive volatility explosion later.

- In the context that Bitcoin D1 is approaching the previous old peak area, the creation of a state of price compression and accumulation suggests that the price is likely to have a breakout and break up. Because if this area still has strong resistance, the price would have been pushed down quickly and could not have accumulated sideways.

- The decline in Volume in the current accumulation phase also contributes to confirming the possibility that this is an accumulation zone.

👉👉👉WTC Share "Waiting for Hamter Kombat Riches"👈👈👈
September 23, as reported by Decrypt, Telegram eco-game Hamster Kombat announced in its latest tweet that players will not be able to claim all of their HMSTR token allocations on day one.
Instead, they will be able to claim 88.75% of their allocations and will have to wait 10 months to claim the remaining 11.25% of their tokens – presumably in July 2025.
The Hamster Kombat team also revealed that out of the 300 million players who have played the Telegram game so far, only about 129 million were eligible in the end.
The team said that there were initially a total of 131 million eligible players, with about 2.3 million users later "banned for cheating." Of the total 100 billion HMSTR tokens, 60 billion tokens will be distributed in the airdrop, while an additional 15 billion tokens will be reserved for the upcoming Part 2 of the game.
👉👉👉👉Join the Telegram group: WTC Group 8 (Wealth Together Community"

👉👉👉WTC Share👈👈👈
Macro News
This week we will mainly be interested in the news on Wednesday:

Wednesday (September 25, 2024), at 19:30 will be the news about the US Gross Domestic Product (GDP) and Initial Jobless Claims data.

A little later, at 20:20, there will be a speech by Fed Chairman Powell. This speech will contain quite a lot of important information that you should follow.