The hourly level may form a consolidation range If it cannot break a new high Returning to the bottom of the range or a false breakdown are both good buying opportunities (96xxx, 94xxx)
XRP skyrockets 25% to a new three-and-a-half-year high! What other 'SEC revenge' concept coins should be watched?
Trump's election victory has driven a surge in the cryptocurrency market, with investors betting that the Trump administration will establish policies favorable to the growth of the cryptocurrency industry. Furthermore, current SEC Chair Gary Gensler announced this morning (22nd) that he will resign on January 20 next year, further fueling market optimism. XRP surges With the SEC chair about to change, the long-standing Ripple case is showing more positive developments. According to Coingecko data, XRP surged more than 25% today to $1.39, marking a new high since April 2021, with a total increase of 151.6% over the past 14 days.
As Bitcoin approaches the 100,000 price level, both long and short sides have already accumulated heavy forces. If it rises strongly to 109,000, the short positions worth 2.8 billion will be wiped out. This means that as long as the dog dealer makes a big move tonight, one of the long and short forces will be wiped out. If you are the dog dealer, what will you do?
Ethereum is about to silence all the naysayers completely #ETH🔥🔥🔥🔥
Here are a few key points I am watching on the weekly chart
1. The monthly RSI is above 70 (blue dot), most of the gains occur during this time. Just look at the previous two cycles to understand.
2. The monthly stochastic indicator reverses when above 75, and it is currently still below 25. We have plenty of time.
3. The monthly RSI is showing a bearish divergence. It may take at least a year from now to form. We are still far from that.
Your bullish sentiment is not strong enough yet. When they are mocking Ethereum, you should accumulate Ethereum and its main correlated high-volatility assets
Today (November 21), BTC shows a strong upward trend, rising 4.87% within 24 hours, breaking the $97,000 mark, with only a 3% difference to the $100,000 threshold. As BTC prices surpass $97,000, several indicators suggest that its subsequent trend may continue to be bullish. BTC spot ETF continues to see net inflows, exceeding $700 million in a single day BTC reached a daily high of $97,852 today, with a market capitalization share currently at 59.4%. It is now reported at $97,443, with an RSI14 of 71.7, indicating an overbought zone, and no pullback signals have appeared, maintaining a strong status. The inflow of funds into Bitcoin spot ETFs is an important indicator of market demand. Yesterday (November 20), a large amount of funds flowed into the U.S. BTC spot ETF market, with net inflows reaching $773 million, while the day before (November 19) saw inflows exceeding $800 million, indicating that the market continues to maintain positive sentiment today.
Yesterday I tried to go long on ACT around 0.55, hoping for a rebound. However, after a whole day, what I encountered was a 'bloodsucking market' where Bitcoin rose while altcoins fell. Seeing the situation worsen, I cut my losses and exited when I was down 2%, and in hindsight, I'm glad I acted decisively at that moment. If I had held on until now, the situation would likely be worse.
When encountering such 'bloodsucking markets', if you want to go long on altcoins, it is essential to set strict stop-loss levels. Currently, most funds are flowing into Bitcoin, Ethereum is being neglected, let alone ACT. The altcoin market is continuously losing funds, making it difficult to find a rebound opportunity.
As for ACT, after breaking below the 4-hour support level, it continued to decline. Currently, there are still two support ranges below it, namely 0.45 - 0.40. It is worth noting that most of the selling pressure currently comes from panic selling by retail investors. Those who are trapped at high levels are still struggling to hold on and are unwilling to cut their losses, so they are forced to convert short-term investments into long-term holdings.
Given this market condition, rather than hastily bottom-fishing altcoins, it might be wiser to wait and observe, and make decisions after the market sentiment stabilizes.
During the consolidation phase, the previous ATH became the support point for $BONK.
When the price stabilizes above the historical peak of the previous upward trend, its price movement is very robust, and the trading volume is quite considerable, showing an overall good trend.
Excited Kid Earns $30,000 from Live Broadcasting Meme Coin $Quant on Pump.fun, but Too Early to Cash Out Missed 100x Profit
Kid live broadcasts issuing $Quant and makes a profit of $3.09 million In this context, a kid issued the token $Quant today on Pump.fun, while also starting a live broadcast feature, which sparked interesting reactions and heated discussions within the community. According to a video uploaded by X user Qwerty, it can be seen that this kid was excited and thrilled when the token price rose, and this reaction made the users participating in the live broadcast find it very amusing.
In addition, according to on-chain data observations, this kid spent $349.4 to purchase 51.1 million tokens when the price of Quant was $0.0000068381, and cleared all holdings when the price of Quant was $0.000586, netting a profit of $29,600, with an increase of up to 8469.6%.