$1MBABYDOGE RSI is showing that this coin is oversold and it's still overselling if this doesn't stop or RSI value goes to 50 then the price will face a significant correction of 30% - 40%
Difficult in 24 hours, but momentum suggests this meme coinhas a potential bull run in the next 4-6 weeks
ICT bull
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Can 1MBABY DOGE REALLY HIT $1 IN 24 HOURS? LET'S DECODE THE HYPE!
Rumors are swirling that 1MBABY DOGE could skyrocket to $1 within 24 hours, fueled by whispers of Elon Musk’s alleged backing. But how realistic is this bold claim? Let’s dig in and separate fact from fiction
1. Market Cap: The Hard Truth
For 1MBABY DOGE to hit $1, its market cap would need to rival Bitcoin’s peak—a near-impossible feat given its current trading price and enormous supply. Historically, meme tokens with massive supplies rarely achieve such milestones, making this prediction more fantasy than fact.
2. Elon Musk’s Influence: Real or Rumor?
Yes, Musk has ignited wild rallies for coins like Dogecoin, but his alleged support for 1MBABY DOGE lacks verification. Without solid proof, these claims remain speculative at best. Remember—don’t believe everything you hear in the crypto world.
3. Hype vs. Reality
Hype can light a fire under meme coins, but long-term success hinges on more than just social media buzz. Key factors to consider:
Real Utility: Does the token solve a problem or serve a purpose?
Community Strength: A strong, engaged community drives sustained growth.
Innovation: Coins lacking unique features often fizzle out quickly.
Many meme coins fall short in these areas, making them high-risk, high-reward gambles.
4. The Risks You Can’t Ignore
Liquidity Issues: Sudden surges often lead to extreme volatility, making trades unpredictable.
Regulatory Scrutiny: Wild claims can attract unwanted regulatory attention.
Volatility: Quick spikes often lead to sharp crashes, leaving investors exposed to losses.
Key Takeaways for Investors
1. $1 in 24 hours? Highly unlikely. Be cautious of marketing stunts and unverified claims.
2. Only invest what you can afford to lose. Meme coins are speculative by nature.
3. DYOR: Research before jumping in—crypto success depends on strategy, not hype.
Your Next Move: Meme Coins or Fundamentals?
The meme coin craze may be tempting, but always balance the thrill with a dose of reality. Are you ready to ride the waves of speculation or prefer the steady climb of projects with solid foundations?
Join the conversation and trade wisely on Binance, where knowledge meets opportunity!
The lower shadow suggests that buyers showed up, and so the sentiment should still be bullish
Nextwave Trader
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Bearish
$AAVE Massive AAVE Long Liquidated!
A staggering $58.8K AAVE long position just got wiped out at the critical mark of $270.75! The crypto market is showing no mercy as volatility takes center stage. Whether you’re a trader or a hodler, this serves as a stark reminder: risk management is key in this high-stakes game.
Will AAVE bounce back stronger, or is this just the beginning of a larger shakeout? All eyes are on the charts now. Stay sharp, stay informed, and don’t let the markets catch you off guard!
Your next move could define your portfolio. #BinanceHODLerMOVE #BURNGMT #MOVEOpening #MicroStrategyAcquiresBTC #AmazonBitcoinMove
Bitcoin is getting in full bearish mode right now on the weekly timeframe, where price action is actually penetrating the 50 Week EMA, if no rebound happens right now we can say "Welcome Bear Market!" $BTC #BTC
Ethereum charts are the ugliest things I've ever seen.
I post you here, the daily chart, it is definitely a horror movie, it completely sucks.
It is a clear downtrend, with RSI trading in bearish regime and with 50 Day EMA trading below 200 Day EMA, as highlighted, drawing the so called death cross.
Looks like Ethereum is discounting a doomsday for the whole crypto market, if we don't get a reversal as soon as possible, there will be no bull market cycle at this round.
$FET did not overcome the resistance of the downtrend line, confirming the downtrend.
Price action is stopping on the the 20 SMA while Bollinger Bands are starting to converge and RSI is pointing downward, seat your belts and get ready for another downward move.
Everything looks highly bearish in these two pictures.
On the first picture I applied EMA(50) and EMA(200), while on the second picture it's SMA(50) vs SMA(200).
Both charts are on a daily timeframe. In the first picture you can see EMA(50) in downward mode, registering lower highs and lower lows and it is about to cross below the EMA(200), while on the second picture the death cross already happened and the SMA(50) is already trading below the SMA(200).
When it comes to price action, a kind of fake breakout happened recording a lower high, the same happened on the RSI, looks like it is discounting an imminent downward move.
September is historically the worst month for Bitcoin, is it already trying to respect this tradition?
Below there are monthly charts of three cryptos likely to explode in the next months by analyzing volatility and momentum.
The first one is PEOPLE, on the monthly chart price action is in an uptrend, the same is for momentum measured by RSI.
The second one is ENS, here the uptrend is less stronger, while momentum is recording a higher low.
The third one is SOL, here I don't like the combination between price and momentum, price is creating a kind of triangle, while RSI is down, but I really like the volatility component I explain you below.
In order to understand the likelihood of an explosive upward move, you must have price above the 20 MA (the pink line), the upper band taking space in the sky and pointing upward (the yellow line) and the lower band (the purple line) catching up and trying to bridge the gap with the upper band.
This setup is highly appreciable in SOL with the yellow line upward and the purple one already rolling over trying to catch the yellow one, in PEOPLE the yellow line completely dominates the purple one suggesting a very strong continuation move on the upside, and in the end in ENS the yellow line is starting to establish its dominance above the yellow one that tries to catch up.
A bit of retreat is expected in the next days as price is well beyond above the upper band of the Bollinger Bands on the daily chart, but give a look at the difference between the upper band and the lower one, the upper band points upward while the lower one is going down this signals that equilibriums are going to be out of control.
I have the gut a bull market is starting during these days, and if a bull market starts there will probably be meme coins showing huge profits.
I monitored $SUN and this one seems to be the meme coin chosen by the community for this bull run, I personally don't like investing in these speculative coins, but it's worth a look.
I posted my analysis few days ago on DODO, well it's breaking out right now pushed by higher momentum, remember this breakout means cancellation of the Head and Shoulders, so it's a very powerful breakout.
In this exact moment $FET is penetrating the upper band of the Bollinger Bands on the daily chart, drawing the so called volatility breakout, but there's still too much time till the end of today market session, if today closes in this way there is a high likelihood of a follow through.
The area I highlighted is a well rounded topping formation, 3 consecutive descending red candles with RSI in downtrend mode.
We still don't know if a bull run starts for the entire crypto market, but in case it does, Ethereum already looks KO after a couples of punches by Mike Tyson.
I'm updating my watchlist in order to be ready for the bull run, and this time I found something really interesting.
ELF/USD bottomed before any crypto and started to build a very powerful uptrend on the monthly chart, give also a look at the RSI is definitely upward sloping.
The most interesting story is that price is stopping right now on the support of the uptrend line, this gives you a bargain opportunity to buy before the uptrend becomes too strong and too expensive, and at the same time it is a critical point to check if this uptrend has potential to keep going or end now, it's a very nice risk/reward situation.
Although I still believe this is just a bear market rally, we need further confirmation to scream "BULL!", $FET is right now at a critical juncture.
On the daily chart price action penetrated the upper band of the Bollinger Bands with RSI clearly in bullish mode, if this move gets a following a bullish scenario is in the cards.
At this round I propose you a highly speculative trade, it's not my style but risk lover gamblers will appreciate it.
HARD/USDT market cap is roughly $11M, so risk of bankrupt is extremely high, however you could guess this bottom, take this trade that posts a 75x return in case ATH is reached, even more if overcame, but if your guess is not right well I do not want to be in your skin.
Disclaimer: this is not an investing recommendation, I am not responsible neither of your gains nor your losses, do your own research.
I posted my analysis about AAVE few days ago, and crypto market can be very volatile, but right now AAVE is breaking out on the monthly chart both on price action and on momentum, practically presenting its candidacy as one of the leaders of the next bull run, we have basically other 10 days by the end of the month anf if it closes in this way AAVE is definitely something you should bet on.
DODO is again on proximity of the resistance zone drawing the neckline of a gigantic Head and Shoulders that already pushed prices down, but this time DODO is challenging the resistance zone with higher momentum with respect to the previous time, if a breakout occurs the bearish pattern gets cancelled and DODO can march higher, pay attention.
I do not know why, but people like buying downtrends instead of looking what is going up.
BAKE is not the best crypto here on Binance, and this is not a powerful uptrend, but for sure it's not a downtrend.
What I like here is the RSI at 38 pointing up on the monthly chart, suggesting it could have potential for a strong move on the upside, instead price action seems already having been discounted all the downside action, trading at the bottom with very low volatility for 18 long months.
A shift of regime happened after these 18 months with volatility expanding a bit and price trading slightly upward, interesting to ckeck for a continuation on the upside.