If the scared whales on ETH finally get a grip on this support and the pair moves up - to the bullish north - we have a bull market. If it doesn't move and the support collapses, we have a flying BTC circus.
If the markets have priced in the risk of a potential recession, the auction/usdt pair may have the potential to bounce back to around 18 $USDC #Write&Earn
$ETH $BTC The pair $ETH / BTC is falling towards the technical support 0.05138, which will 90% break and move towards the fundamental support 0.05000 - 0.049500. Probable manipulation with a long wick down and trend reversal. I think the market wants to prove that #ETF #ETHETFsApproved does not change anything and threatens to marginalize ETH, just like #XRP or #LTC . We'll see what happens
Important data from the USA First, the data: the number of full-time jobs in non-agricultural sectors in June was 206,000 more. higher than a month earlier. This is more than analysts expected in their forecasts (190,000 jobs). The above could be considered a sign of the strength of the US economy. But that's not the whole picture. The unemployment rate rose over the month from 4% to 4.1%. This is the highest since November 2021. Here the result surprised the experts negatively. Most economists predicted that the percentage of people unemployed would remain at 4%. If you don't know what I mean, let me add that this means as many as 6.811 million people actively looking for a job. A jump by a decimal place means an increase of 162,000. And this is on a monthly basis.
The cryptocurrency market has been waiting for such data How to interpret such data? Experts agree: they indicate a weakening labor market. This means that the Fed now has a very serious dilemma. Of course, the Federal Reserve could continue its policies and still not cut interest rates. But the cool job market suggests otherwise. Continuing to keep rates in the range of 5.25-5.5% may lead the economy to a more serious recession. It is clear that the current policy of quantitative tightening has begun to suppress money circulation. This should bring inflation down to the ground floor, but at the same time it risks a crisis. The market began to assume that the Fed would make the first cut at the September meeting - to 5-5.25% - the probability of this scenario is 72%.
$ETH After a long position: - #ETHETFsApproved -they will start operating around July 4th - #SEC recognized in absentia that ETH is a commodity. - pumping is logical against - the market is illogical and intimidating - lack of new investors, pump in the sector #AiNarratives only technology companies, interest in crypto is weakening. - the summer period is statistically bad for alts. - strange narrative #FED regarding interest rates - lowering interest rates favors risky markets
$BTC An important zone of BTC dominance. Either altcoins will rebound or start heading towards the lows we saw after the collapse of the FTX Exchange. #BitcoinDomination
What can you say about the couple #xtzusdt . Five days of declines checked off - Xtz accidentally found itself in the support zone of $ 0.72 - 0.82 - a very fundamental support defining whether Xtz is in an upward trend or not. Tomorrow there is a FED meeting, a decision on US interest rates and a conference by FED Chairman Powell. This official will say a lot of interesting things, although nothing that would have a positive impact on crypto projects. Unless the market has already managed to price in the bullshit that Mr. Powell will say, because the market can predict this Central Bank talk perfectly - if it wants to predict, but the market sometimes likes to be "surprised". So there is one scenario - the market will exhaust cryptocurrencies enough and tomorrow they will move to new ATH, including #XTZUSDT🚀 - first $ 1, then $ 1.6 and so on. Or all these fundamental supports will go away, the cryptocurrency winter and stagnation will extend for the next 5 to 6 months and #xtz will fall to the level of 0.5 - 0.6 $USDC
The token price has increased by 19% over the past year Trading above the 200-day simple moving average. It has high liquidity based on market capitalization. The analysis of the pair #REEFUSDT shows that the price has rebounded from the key support 0.00185 - 0.00195 $USDC
- support, the maintenance of which is still important in the context of the expected bullish outlook. Currently, the price is struggling with resistance in the range of 0.0023 - 0.00235. Growth prospects after a confirmed resistance break to 0.0055 - 0.0079.
Liquity, Galxe and Hashflow have token unlocks scheduled for next week. The total value of tokens unlocked next week exceeds $12 million. $LQTY
Unlock date: June 5 Number of tokens unlocked: 657,350 LQTY. Current circulating supply: 96.08 million LQTY - is a decentralized lending protocol that allows users to borrow against Ethereum at a 0% interest rate. It operates via a stablecoin, LUSD, which is pegged to the US dollar. The LQTY coin is the native utility token of the Liquity platform, used to manage and pay out staking rewards.
$GAL Unlock date: June 5 Number of tokens unlocked: 2.03 million GAL Current circulating supply: 115.5 million GAL Galxe (formerly Project Galaxy) is a Web3 credential network that allows developers to use digital credentials. It enables projects to reward and engage users through various credential-based activities. The GAL token is the native utility token of the Galxe platform, used for management, staking and accessing premium features.
$HFT
Unlock date: June 7 Number of tokens unlocked: 13.62 million HFT Current circulating supply: 406 million HFT Hashflow is a decentralized exchange (DEX) designed to facilitate seamless cross-chain trading and asset exchange with zero slippage. Uses advanced market making techniques to ensure efficient and accurate pricing. HFT Token is the native utility token of the Hashflow platform, used to manage, stake and reward users.
The correction of the last upward impulse of the #MTLUSDT coin to the 61.2 Fibonacci retracement level and the rebound in the price range of 1.6 - 1.62 $USDC may suggest an optimistic variant of the future fate of this coin. If the price stays around 1.6 - 1.7 USDC per MTL, it could trigger a bullish impulse towards prices of 2.00 USDC and higher in the coming days.
ENA/USDT - analysis ENA set the lower supply fractal at 0.655 $USDC , the upper demand fractal at 1.06 USDC. The coin price is balancing between the resistance of 0.915 - 0.96 USDC and the support of 0.79 - 0.83 USDC. I think that those who are patient and determined will win, those who cannot or cannot wait will sell their coins with a loss or a small profit. Traders will buy more coins and push the price above 1.06 USDC towards 2.5 if they know that current holders will be forced to sell at no profit or at a loss. Whales and institutions exist to regulate the market, if business is to run, the sum of profits must equal the sum of losses. And the market is not a charitable institution.
Ahead of OXT there is serious resistance at USD 0.11 - 0.1175. At this point, we can expect that the next attempt will be successful and OXT will overcome 0.115 and find its way towards USD 0.13, 0.15 and 0.175. Support at 0.102 - 0.092 seems solid. For now. $USDC
Analysis #WLDUSDT $WLD There is serious resistance ahead of WLD at USD 5.9-6.5. At this moment, we can expect that the next attempt will be successful and WLD will break USD 6 and find its way towards USD 7.13, 8.2, 9.7 and 12. Support at 4 - 4.5 seems solid. For now .
XRP: Will we see an explosion to $300? Ripple has been struggling in the market, seeing its value decline by 14% this year. This performance is significantly worse compared to other assets that have recorded significant increases. XRP's poor performance is attributed to price suppression caused by Ripple's token sale and ongoing lawsuit with the SEC.
Despite the current difficulties, many analysts expect that XRP will repeat its impressive growth from 2017, when its price rose by 48,823%. Here are some of the most optimistic predictions for the future value of XRP:
EGRAG: This analyst predicts that XRP could reach $27 as it registers a sharp price increase.
CryptoBull: Predicts that the price of XRP could rise as high as $154.
Javon Marks: The analyst believes XRP is capable of reaching $200 based on a massive spiral pattern.
Block Bull: He recently stated that XRP could reach $250 in the current market cycle, specifically in 2025.
EGRAG (again):: He suggested earlier this year that XRP has the potential to reach $220.
Analysts at the Changelly exchange predict that XRP will reach $100 in April 2040, trading at an average price of $104.62. They then expect the price to rise to $200 in August 2040 and then reach $300 in December of the same year.
The Telegaon team is less optimistic. According to their analysis, XRP will only reach $100 in 2050. N
Market intelligence platform CoinCodex has an even more pessimistic outlook, expecting XRP to peak at $2.45 in 2029 and $1.7 in 2030. This suggests that XRP will not break its all-time high of $3.84 in the next 16 years. Forecasts for $XRP are always burdened with a large amount of uncertainty. . Whether you are bullish or bearish, it is crucial to do your own research and carefully consider all factors before making investment decisions #XRPPredictions #XRP_ETF
Analysis #JOEUSDT $JOE #DFI JOE broke out of the descending channel on the 3D chart He made a bullish breakout on this chart - the bull candle absorbed the bear candle. There is a visible divergence on the MACD, signaling a trend change at the 0.40 support level. Bullish rebound at the FIBO level of 0.782, this level is the so-called last chance level for the trend. So we'll see if JOE takes advantage of the opportunity. Achievable TP levels of 0.6, 0.65, 0.7$ etc. see the chart... Possible price action up to $1.65. #DYOR $STMX $COTI
Solana (SOL) is currently at the bottom of its rising channel, which has been supportive since the beginning of the month. This decline towards the support line began on May 20. Currently trading at $169, the altcoin has dropped 7% in value over the last 7 days. Solana tries to maintain support SOL's movement in the ascending channel began when the altcoin initiated an uptrend on April 30. On that day, Solana was trading at $129. By May 20, its value had risen to a peak of $184, after which selling activity began. Since the coin's price dropped last week, it is now poised to fall below the 20-day exponential moving average (EMA). This moving average reflects the average price of SOL over the last 20 days. When the price of an asset falls below this key moving average, it signals that its short-term trend may be reversing. This is because the 20-day EMA acts as a support line. However, a break below suggests that sellers are outweighing buyers.
If Solana price breaks the support at $163, it could experience a further decline to $157.99.
However, thanks to the positive funding rate on cryptocurrency exchanges, futures traders continue to take long positions on $SOL . This could lead to a surge in buying pressure, pushing the altcoin price towards $172.41.
Shibarium's on-chain activity increased by 50%, highlighting increased interest in the network. Shibarium accounts rose sharply in May from 105,367 to 113,732. A potential 32% increase in SHIB price depends on breaking a key resistance level.
The Shiba Inu shows a pattern of shrinking variability. This technical pattern, characterized by increasingly narrow price swings, is often viewed by traders as an indicator of a potential breakout.
If $SHIB successfully breaks the neck line at $0.00002631, it could potentially experience an upside of around 32% from its current market price. The target is resistance at $0.00003282.
However, if this breakout fails, SHIB could fall back to the support level at $0.00002345. A breakdown below this level could lead to the next major support at $0.00002052.
#woousdt #altcoins #ETHETFsApproved #DYOR* $WOO WOO broke the downtrend lines. WOO has anchored above the horizontal resistance that it broke out, and this resistance may become horizontal support. And the market can continue to grow, that's what we expect. Trade wisely, your loss is the profit of banks, institutions and whales.