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Price Analysis 2/26: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, AVAX, DOGE
Bitcoin (BTC) soared to a two-year high near $55,000 on Feb. 26, buoyed by the continued demand from the spot Bitcoin exchange-traded funds. CoinShares data shows that institutional investors pumped $570 million into Bitcoin investment products over the past seven days.
Bitcoin ETFs have seen inflows of more than $5 billion in net assets under management (AUM) since their launch, while gold ETFs have seen outflows of $3.6 billion during the same period, according to a Feb. 26 research report shared on X by senior Bloomberg analyst Eric Balchunas and associate analyst Andre Yapp. The analysts expect Bitcoin ETFs AUM to overtake that of gold ETFs in the next two years.
Daily cryptocurrency market performance. Source: Coin360
Bitcoin’s strength is likely to uplift the mood in the crypto space, benefitting select altcoins. However, as Bitcoin approaches its all-time high, the risk of a pullback can not be ruled out as the bears try to make one last-ditch attempt to stop the rally.
Could the Bitcoin bulls maintain the breakout, or will higher levels tempt short-term traders to book profits? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index skyrocketed above the 5,048 resistance on Feb. 22, indicating the resumption of the uptrend.
SPX daily chart. Source: TradingView
Although the upsloping moving averages indicate an advantage to buyers, the negative divergence on the relative strength index (RSI) suggests that the uptrend may be losing steam.
The 20-day exponential moving average (4,983) remains the crucial level to watch out for on the downside. If this support cracks, the index may descend to the 50-day simple moving average (4,857).
Instead, if the index continues higher, it will invalidate the negative divergence. The failure of a negative pattern generally results in a sharp up move. The index could then rise to 5,200.
U.S. Dollar Index price analysis
The bears yanked the U.S.Dollar Index (DXY) below the 20-day EMA (103) on Feb. 22, but the long tail on the candlestick shows aggressive buying at the neckline of the inverse head-and-shoulders pattern.
DXY daily chart. Source: TradingView
The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price rises and sustains above the 20-day EMA, the bulls will try to drive the index above 105. If they do that, the rally could reach 107.
On the other hand, if the price continues lower from the current level, it will suggest that the bears are trying to make a comeback. The index could then slide to the 50-day SMA (103). A bounce off this level could keep the index inside a range for some time.
Bitcoin price analysis
Bitcoin broke above the $53,000 overhead resistance on Feb. 26 after consolidating in a tight range for the past several days. This suggests that bulls remain in control.
BTC/USDT daily chart. Source: TradingView
If buyers sustain the price above $53,000, the BTC/USDT pair is likely to pick up momentum and soar toward $60,000 where the bears are again expected to mount a strong defense.
There are several layers of support on the downside. If $50,500 breaks down, the bulls will try to arrest the decline at the 20-day EMA ($50,075) and then the breakout level of $48,970. The bears will have to tug the price below $48,970 to indicate the start of a deeper correction to the 50-day SMA ($45,734).
Ether price analysis
Ether (ETH) surged above the $3,036 resistance on Feb. 25, signaling the start of the next leg of the uptrend.
ETH/USDT daily chart. Source: TradingView
The upsloping moving averages indicate that bulls are in command, but the overbought zone on the RSI suggests a minor correction or consolidation is possible. If buyers do not allow the price to sustain below $3,000, the likelihood of a rally to $3,300 and then to $3,540 increases.
The first sign of weakness will be a break and close below the 20-day EMA ($2,823). That will indicate aggressive profit booking by the traders. The ETH/USDT pair could then plunge to $2,717 and subsequently to the 50-day SMA ($2,546).
BNB price analysis
BNB (BNB) is trying to resume its uptrend, but the overbought level on the RSI suggests that the bears may pose a strong challenge near the overhead resistance at $400.
BNB/USDT daily chart. Source: TradingView
If the price turns down from the current level but rebounds off the 20-day EMA ($356), it will suggest that the sentiment remains bullish. That will enhance the prospects of a break above $400. The BNB/USDT pair may then rally to $460.
Contrarily, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls are aggressively booking profits. That could sink the pair to the 50-day SMA ($323). A break below this level will tilt the advantage in favor of the bears.
XRP price analysis
XRP (XRP) has been trading near the moving averages for the past few days, indicating uncertainty about the next directional move.
XRP/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI just below the midpoint suggest a possible range-bound action in the near term. The boundaries of the range could be $0.48 on the downside and $0.58 on the upside.
Buyers will have to drive and maintain the price above $0.58 to indicate that the correction may be over. The XRP/USDT pair could then attempt a rally to $0.67 and eventually to $0.74. The support on the downside is at $0.48 and then $0.46.
Solana price analysis
Solana (SOL) is finding support at the 50-day SMA ($100), indicating that the bulls are trying to arrest the decline.
SOL/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI near the midpoint suggest a range-bound action in the near term. Buyers will have to push and maintain the price above the downtrend line to start a rally to the overhead resistance zone between $119 and $127. If this zone is surmounted, the up move may reach $135.
On the contrary, if the price turns down from the current level or the downtrend line and breaks below the 50-day SMA, it will suggest that the bears are selling on rallies. The SOL/USDT pair could then plummet to $80.
Cardano price analysis
The bulls managed to protect the 20-day EMA ($0.58) in Cardano (ADA), indicating that the sentiment remains positive.
ADA/USDT daily chart. Source: TradingView
The gradually rising 20-day EMA and the RSI in the positive territory show that the bulls have a slight edge. Buyers will try to kick the price to the overhead resistance zone between $0.64 and $0.68.
Contrary to this assumption, if the ADA/USDT pair turns down sharply and breaks below the 20-day EMA, it will indicate that the bulls have given up. That could start a correction to the 50-day SMA ($0.54).
Avalanche price analysis
Avalanche (AVAX) bounced off the 50-day SMA ($36.12) on Feb. 24, indicating that lower levels are attracting buyers.
AVAX/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the buyers or the sellers. If the price turns down and breaks below the 50-day SMA, the AVAX/USDT pair could descend to $32.
Alternatively, a break and close above the 20-day EMA ($37.84) could open the doors for a possible rally to the overhead resistance of $42. The bulls will have to overcome this barrier to signal the completion of an inverse H&S pattern.
Dogecoin price analysis
The bulls successfully defended the breakout level from the triangle but failed to propel Dogecoin (DOGE) above the $0.09 overhead resistance.
DOGE/USDT daily chart. Source: TradingView
This indicates a lack of demand at higher levels. The bears will try to gain the upper hand by pulling the price below the moving averages.
If they succeed, the DOGE/USDT pair could drop to the uptrend line. This is an important level for the bulls to defend because if they fail in their endeavor, the pair could start a downward move to $0.07.
The bulls will have to drive and maintain the price above $0.09 to indicate the start of a new up move. The pair could surge to the $0.10 to $0.11 resistance zone, where the bears are likely to mount a strong defense.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Bitcoin ETFs have seen inflows of more than $5 billion in net assets under management (AUM) since their launch, while gold ETFs have seen outflows of $3.6 billion during the same period, according to a Feb. 26 research report shared on X by senior Bloomberg analyst Eric Balchunas and associate analyst Andre Yapp. The analysts expect Bitcoin ETFs AUM to overtake that of gold ETFs in the next two years.
Daily cryptocurrency market performance. Source: Coin360
Bitcoin’s strength is likely to uplift the mood in the crypto space, benefitting select altcoins. However, as Bitcoin approaches its all-time high, the risk of a pullback can not be ruled out as the bears try to make one last-ditch attempt to stop the rally.
Could the Bitcoin bulls maintain the breakout, or will higher levels tempt short-term traders to book profits? Let’s analyze the charts to find out.
S&P 500 Index price analysis
The S&P 500 Index skyrocketed above the 5,048 resistance on Feb. 22, indicating the resumption of the uptrend.
SPX daily chart. Source: TradingView
Although the upsloping moving averages indicate an advantage to buyers, the negative divergence on the relative strength index (RSI) suggests that the uptrend may be losing steam.
The 20-day exponential moving average (4,983) remains the crucial level to watch out for on the downside. If this support cracks, the index may descend to the 50-day simple moving average (4,857).
Instead, if the index continues higher, it will invalidate the negative divergence. The failure of a negative pattern generally results in a sharp up move. The index could then rise to 5,200.
U.S. Dollar Index price analysis
The bears yanked the U.S.Dollar Index (DXY) below the 20-day EMA (103) on Feb. 22, but the long tail on the candlestick shows aggressive buying at the neckline of the inverse head-and-shoulders pattern.
DXY daily chart. Source: TradingView
The flattish 20-day EMA and the RSI near the midpoint do not give a clear advantage either to the bulls or the bears. If the price rises and sustains above the 20-day EMA, the bulls will try to drive the index above 105. If they do that, the rally could reach 107.
On the other hand, if the price continues lower from the current level, it will suggest that the bears are trying to make a comeback. The index could then slide to the 50-day SMA (103). A bounce off this level could keep the index inside a range for some time.
Bitcoin price analysis
Bitcoin broke above the $53,000 overhead resistance on Feb. 26 after consolidating in a tight range for the past several days. This suggests that bulls remain in control.
BTC/USDT daily chart. Source: TradingView
If buyers sustain the price above $53,000, the BTC/USDT pair is likely to pick up momentum and soar toward $60,000 where the bears are again expected to mount a strong defense.
There are several layers of support on the downside. If $50,500 breaks down, the bulls will try to arrest the decline at the 20-day EMA ($50,075) and then the breakout level of $48,970. The bears will have to tug the price below $48,970 to indicate the start of a deeper correction to the 50-day SMA ($45,734).
Ether price analysis
Ether (ETH) surged above the $3,036 resistance on Feb. 25, signaling the start of the next leg of the uptrend.
ETH/USDT daily chart. Source: TradingView
The upsloping moving averages indicate that bulls are in command, but the overbought zone on the RSI suggests a minor correction or consolidation is possible. If buyers do not allow the price to sustain below $3,000, the likelihood of a rally to $3,300 and then to $3,540 increases.
The first sign of weakness will be a break and close below the 20-day EMA ($2,823). That will indicate aggressive profit booking by the traders. The ETH/USDT pair could then plunge to $2,717 and subsequently to the 50-day SMA ($2,546).
BNB price analysis
BNB (BNB) is trying to resume its uptrend, but the overbought level on the RSI suggests that the bears may pose a strong challenge near the overhead resistance at $400.
BNB/USDT daily chart. Source: TradingView
If the price turns down from the current level but rebounds off the 20-day EMA ($356), it will suggest that the sentiment remains bullish. That will enhance the prospects of a break above $400. The BNB/USDT pair may then rally to $460.
Contrarily, if the price continues lower and breaks below the 20-day EMA, it will suggest that the bulls are aggressively booking profits. That could sink the pair to the 50-day SMA ($323). A break below this level will tilt the advantage in favor of the bears.
XRP price analysis
XRP (XRP) has been trading near the moving averages for the past few days, indicating uncertainty about the next directional move.
XRP/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI just below the midpoint suggest a possible range-bound action in the near term. The boundaries of the range could be $0.48 on the downside and $0.58 on the upside.
Buyers will have to drive and maintain the price above $0.58 to indicate that the correction may be over. The XRP/USDT pair could then attempt a rally to $0.67 and eventually to $0.74. The support on the downside is at $0.48 and then $0.46.
Solana price analysis
Solana (SOL) is finding support at the 50-day SMA ($100), indicating that the bulls are trying to arrest the decline.
SOL/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI near the midpoint suggest a range-bound action in the near term. Buyers will have to push and maintain the price above the downtrend line to start a rally to the overhead resistance zone between $119 and $127. If this zone is surmounted, the up move may reach $135.
On the contrary, if the price turns down from the current level or the downtrend line and breaks below the 50-day SMA, it will suggest that the bears are selling on rallies. The SOL/USDT pair could then plummet to $80.
Cardano price analysis
The bulls managed to protect the 20-day EMA ($0.58) in Cardano (ADA), indicating that the sentiment remains positive.
ADA/USDT daily chart. Source: TradingView
The gradually rising 20-day EMA and the RSI in the positive territory show that the bulls have a slight edge. Buyers will try to kick the price to the overhead resistance zone between $0.64 and $0.68.
Contrary to this assumption, if the ADA/USDT pair turns down sharply and breaks below the 20-day EMA, it will indicate that the bulls have given up. That could start a correction to the 50-day SMA ($0.54).
Avalanche price analysis
Avalanche (AVAX) bounced off the 50-day SMA ($36.12) on Feb. 24, indicating that lower levels are attracting buyers.
AVAX/USDT daily chart. Source: TradingView
The flattish moving averages and the RSI near the midpoint do not give a clear advantage either to the buyers or the sellers. If the price turns down and breaks below the 50-day SMA, the AVAX/USDT pair could descend to $32.
Alternatively, a break and close above the 20-day EMA ($37.84) could open the doors for a possible rally to the overhead resistance of $42. The bulls will have to overcome this barrier to signal the completion of an inverse H&S pattern.
Dogecoin price analysis
The bulls successfully defended the breakout level from the triangle but failed to propel Dogecoin (DOGE) above the $0.09 overhead resistance.
DOGE/USDT daily chart. Source: TradingView
This indicates a lack of demand at higher levels. The bears will try to gain the upper hand by pulling the price below the moving averages.
If they succeed, the DOGE/USDT pair could drop to the uptrend line. This is an important level for the bulls to defend because if they fail in their endeavor, the pair could start a downward move to $0.07.
The bulls will have to drive and maintain the price above $0.09 to indicate the start of a new up move. The pair could surge to the $0.10 to $0.11 resistance zone, where the bears are likely to mount a strong defense.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
👍
Crypto Master 786
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How to Turn $10 into $1,000 on Binance in Just 3 Days: A Beginner’s Guide to High-Stakes Success
The cryptocurrency market is a realm of endless possibilities, where fortunes can be made in the blink of an eye. For beginners, the allure of transforming a modest $10 investment into a staggering $1,000 in just three days might sound like a fantasy, but with the right strategies, tools, and mindset, it’s not out of reach. This guide is designed to help you navigate Binance—the world’s largest cryptocurrency exchange—and unlock your potential for exponential growth. Let’s dive in!
---
Why Binance? The Perfect Playground for Aspiring Traders
Binance offers a vast array of tools and features, making it an ideal platform for beginners and experts alike. With low fees, high liquidity, and access to hundreds of cryptocurrencies, it’s the perfect environment to grow your investment rapidly.
From spot trading and futures to staking and launchpads, Binance equips you with everything you need to make bold moves in the market. But remember: boldness must be tempered with strategy!
---
Step 1: Starting with $10—Setting Up Your Binance Account
1. Create and Verify Your Account
Start by creating a Binance account if you haven’t already. Verify your identity to unlock higher withdrawal limits and access all trading features.
2. Deposit Your $10
Deposit your $10 via bank transfer, credit card, or crypto wallet. Every dollar counts, so ensure you start with a secure and verified account.
3. Understand the Basics
Familiarize yourself with Binance’s interface. Learn about spot trading, limit orders, stop-loss orders, and other essentials.
---
Step 2: Crafting a Strategy for Maximum Growth
Turning $10 into $1,000 requires calculated risks, not reckless gambling. Here’s a step-by-step strategy:
Day 1: Scalping and Small Gains
Identify High-Volatility Coins: Look for coins experiencing significant price fluctuations, often found in Binance’s Top Gainers list.
Use Scalping Techniques: Make small trades to capitalize on these short-term price movements. Even a 5%-10% gain per trade can add up quickly.
Stick to the 1% Rule: Never risk more than 1% of your capital on a single trade. This minimizes losses and keeps you in the game.
Day 2: Leverage and Futures Trading
Introduce Leverage: Binance Futures allows you to trade with leverage, amplifying your buying power. For example, 10x leverage on $10 gives you the trading power of $100.
Set Stop-Loss Orders: Mitigate the risk of leverage trading by setting strict stop-loss orders. Discipline is your best ally.
Target Breakout Coins: Use technical analysis to identify coins poised for a breakout. Look for patterns like triangles or bullish flags.
Day 3: High-Risk, High-Reward Plays
Participate in Launchpads or ICOs: Binance frequently hosts token launches with massive potential for overnight gains.
Swing Trades on Promising Altcoins: With your capital now larger, focus on swing trades for coins with strong fundamentals and bullish momentum.
Reinvest Profits Wisely: Don’t put all your earnings back into high-risk trades. Diversify to safeguard your profits.
---
Risk Management: The Key to Survival and Success
The crypto market is unpredictable, and risks are inherent. Here are some golden rules:
1. Diversify Your Trades: Don’t put all your capital into a single coin. Spread it across multiple opportunities.
2. Set Realistic Goals: While $1,000 is the dream, even $100 is a massive return on $10.
3. Monitor Market Trends: Stay updated with news and market sentiment. External events can significantly impact prices.
---
Leveraging Binance Tools for Success
Binance offers several tools to enhance your trading experience:
Binance Academy: Learn from tutorials and articles tailored for beginners.
Advanced Charting Tools: Use TradingView charts integrated into Binance for technical analysis.
Community Insights: Join Binance’s forums and social media channels for tips and market updates.
---
The Final Word: Discipline Over Desire
Transforming $10 into $1,000 in just three days is no easy feat. It demands patience, strategy, and a willingness to learn. While the potential for success is exhilarating, always remember that the crypto market is volatile. Only invest what you can afford to lose, and never let emotions dictate your trades.
With the right mindset and the power of Binance at your fingertips, you’re well on your way to making waves in the crypto world. So, are you ready to take the leap and turn a modest investment into a life-changing windfall? The clock is ticking—start your journey on Binance today!
---
Why Binance? The Perfect Playground for Aspiring Traders
Binance offers a vast array of tools and features, making it an ideal platform for beginners and experts alike. With low fees, high liquidity, and access to hundreds of cryptocurrencies, it’s the perfect environment to grow your investment rapidly.
From spot trading and futures to staking and launchpads, Binance equips you with everything you need to make bold moves in the market. But remember: boldness must be tempered with strategy!
---
Step 1: Starting with $10—Setting Up Your Binance Account
1. Create and Verify Your Account
Start by creating a Binance account if you haven’t already. Verify your identity to unlock higher withdrawal limits and access all trading features.
2. Deposit Your $10
Deposit your $10 via bank transfer, credit card, or crypto wallet. Every dollar counts, so ensure you start with a secure and verified account.
3. Understand the Basics
Familiarize yourself with Binance’s interface. Learn about spot trading, limit orders, stop-loss orders, and other essentials.
---
Step 2: Crafting a Strategy for Maximum Growth
Turning $10 into $1,000 requires calculated risks, not reckless gambling. Here’s a step-by-step strategy:
Day 1: Scalping and Small Gains
Identify High-Volatility Coins: Look for coins experiencing significant price fluctuations, often found in Binance’s Top Gainers list.
Use Scalping Techniques: Make small trades to capitalize on these short-term price movements. Even a 5%-10% gain per trade can add up quickly.
Stick to the 1% Rule: Never risk more than 1% of your capital on a single trade. This minimizes losses and keeps you in the game.
Day 2: Leverage and Futures Trading
Introduce Leverage: Binance Futures allows you to trade with leverage, amplifying your buying power. For example, 10x leverage on $10 gives you the trading power of $100.
Set Stop-Loss Orders: Mitigate the risk of leverage trading by setting strict stop-loss orders. Discipline is your best ally.
Target Breakout Coins: Use technical analysis to identify coins poised for a breakout. Look for patterns like triangles or bullish flags.
Day 3: High-Risk, High-Reward Plays
Participate in Launchpads or ICOs: Binance frequently hosts token launches with massive potential for overnight gains.
Swing Trades on Promising Altcoins: With your capital now larger, focus on swing trades for coins with strong fundamentals and bullish momentum.
Reinvest Profits Wisely: Don’t put all your earnings back into high-risk trades. Diversify to safeguard your profits.
---
Risk Management: The Key to Survival and Success
The crypto market is unpredictable, and risks are inherent. Here are some golden rules:
1. Diversify Your Trades: Don’t put all your capital into a single coin. Spread it across multiple opportunities.
2. Set Realistic Goals: While $1,000 is the dream, even $100 is a massive return on $10.
3. Monitor Market Trends: Stay updated with news and market sentiment. External events can significantly impact prices.
---
Leveraging Binance Tools for Success
Binance offers several tools to enhance your trading experience:
Binance Academy: Learn from tutorials and articles tailored for beginners.
Advanced Charting Tools: Use TradingView charts integrated into Binance for technical analysis.
Community Insights: Join Binance’s forums and social media channels for tips and market updates.
---
The Final Word: Discipline Over Desire
Transforming $10 into $1,000 in just three days is no easy feat. It demands patience, strategy, and a willingness to learn. While the potential for success is exhilarating, always remember that the crypto market is volatile. Only invest what you can afford to lose, and never let emotions dictate your trades.
With the right mindset and the power of Binance at your fingertips, you’re well on your way to making waves in the crypto world. So, are you ready to take the leap and turn a modest investment into a life-changing windfall? The clock is ticking—start your journey on Binance today!
Binance Square Official
--
Post about #MarketDownturn to win up to 1000 USDC!
Participate in our #MarketDownturn campaign for a chance to win up to 1000 USDC! Share your thoughts on the crypto market drop, its causes, and your strategies for making the most out of it. Let's stay strong and navigate this market together!
Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate:
Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square.
Include:
Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations.
Make sure your post has a minimum length of 200 characters.
Guidelines:
Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
Campaign Period: 2024-08-05 00:00 to 2024-08-11 23:59 (UTC)
To Participate:
Post your insights on the crypto market drop using the hashtag #MarketDownturn on Binance Square.
Include:
Analysis of what's causing the market drop;Your strategies for capitalizing on the downturn;Tips for staying strong and resilient during market fluctuations.
Make sure your post has a minimum length of 200 characters.
Guidelines:
Make certain your shared content is original and filled with insightful information. Posts with high engagement lacking original content may be disqualified.
Winner Selection:
Twenty posts generating the most unique engagement will each be rewarded with 50 USDC.
Terms and Conditions:
This campaign may not be available in your region.Submissions will be evaluated by a panel from the Binance Square team, based on topic relevance, formatting, research quality, factual sourcing, and originality. Content must also align with Campaign Rules. Only content no shorter than 200 characters will qualify for the rewards.Posts that attempt to boost engagement by exploiting Red Packets and giveaways will be disqualified.Should a creator be declared a winner and be rewarded in any campaign, but subsequent findings reveal a violation of the campaign's rules on their part, their eligibility for future rewards will be suspended. The suspension period will commence from the end date of the campaign where the violation occurred and will last for 30 days.The content needs to be posted in Binance Square organically to qualify for the reward.In order to be eligible for a reward, your account must be completely configured, which includes a properly set up username and a profile picture. Winners of the week will be notified within 14 days via a push notification under Creator Center > Square Assistant. Entries by Media & Project partners will not be considered for this campaign.The FDUSD token voucher rewards will be distributed within 30 working days after the activity ends. Users may check their rewards via Profile > Rewards Hub. The validity period for the token voucher is set at seven days from the day of distribution. Learn how to redeem a voucher.Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards. Binance reserves the right to disqualify any account acting against the Binance Square Community Guidelines or Terms and Conditions.Binance reserves the right at any time in its sole and absolute discretion to determine and/or amend or vary these terms and conditions without prior notice, including but not limited to canceling, extending, terminating or suspending this activity, the eligibility terms and criteria, the selection and number of winners, and the timing of any act to be done, and all participants shall be bound by these amendments.Binance reserves the right of final interpretation of this activity.Where any discrepancy arises between the translated versions of this announcement and the original English version, the English version of this announcement shall prevail.Additional promotion terms and conditions can be accessed here.
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Quoted content has been removed
😱
📰 Attention crypto users! Phishing attacks are on the rise, with more than 324,000 victims in 2023, according to Scam Sniffer. To combat this, cryptocurrency exchanges like Coinbase and Binance are promoting the use of YubiKey devices for more secure authentication. 🛡️
Additionally, Coinbase has introduced "passkeys," a new form of authentication that uses a cryptographic technique linked to the user's device. Gemini has also launched support for passkeys.
Remember, while these devices can protect against phishing attacks, they cannot protect against an exchange hack.
What security measures are you using to protect your cryptocurrency funds? Share your experiences in the comments. 💬
Additionally, Coinbase has introduced "passkeys," a new form of authentication that uses a cryptographic technique linked to the user's device. Gemini has also launched support for passkeys.
Remember, while these devices can protect against phishing attacks, they cannot protect against an exchange hack.
What security measures are you using to protect your cryptocurrency funds? Share your experiences in the comments. 💬
#
Latest news on cryptocurrencies and blockchain:
1. Fantom (FTM) sees a 3.20% increase against the US Dollar and a 6.31% increase against BTC. The coin is outperforming the broader cryptocurrency market, which is up 4.83% in the last 24 hours.
2. Our price prediction for Fantom indicates an increase of 29.05% in the next 5 days, reaching a value of $1.50 on March 27, 2024.
3. The Fear and Greed index shows a level of 75 (Greed), indicating positive sentiment in the cryptocurrency market.
4. The key support levels for FTM are $1.05, $0.983745 and $0.934669, while the key resistance levels are $1.16, $1.21 and $1.28.
5. Fantom's technical analysis shows bullish sentiment, with 28 indicators signaling a positive prediction and only 3 indicators showing a bearish prediction.
Please remember that this information does not constitute investment advice. Cryptocurrency markets are unpredictable and volatile, so it is important to seek professional advice before making investment decisions.
1. Fantom (FTM) sees a 3.20% increase against the US Dollar and a 6.31% increase against BTC. The coin is outperforming the broader cryptocurrency market, which is up 4.83% in the last 24 hours.
2. Our price prediction for Fantom indicates an increase of 29.05% in the next 5 days, reaching a value of $1.50 on March 27, 2024.
3. The Fear and Greed index shows a level of 75 (Greed), indicating positive sentiment in the cryptocurrency market.
4. The key support levels for FTM are $1.05, $0.983745 and $0.934669, while the key resistance levels are $1.16, $1.21 and $1.28.
5. Fantom's technical analysis shows bullish sentiment, with 28 indicators signaling a positive prediction and only 3 indicators showing a bearish prediction.
Please remember that this information does not constitute investment advice. Cryptocurrency markets are unpredictable and volatile, so it is important to seek professional advice before making investment decisions.
See original
@firo96#
CoinEdition
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“Imminent” Supply Shock Could See Bitcoin At $500K By Q4 2025: Analyst
According to George of CryptosRUs, a supply squeeze is imminent for Bitcoin soon.
George noted that the effect of upcoming macroeconomic events will favor Bitcoin.
The analyst believes Grayscale’s diminishing supply will promote the upcoming Bitcoin squeeze.
According to George of CryptosRUs crypto YouTube channel, a supply squeeze is imminent for Bitcoin soon. George noted that Bitcoin has slowed down over the past several days, but it does not mean market participants should give up on the pioneer cryptocurrency. He believes coming events will regenerate an active market for Bitcoin.
In a recently uploaded video, George argued that the effect of upcoming macroeconomic events will favor Bitcoin. The CryptosRUs analyst highlighted the proposed interest rate cuts by the U.S. Federal Reserve as a signal for an imminent Bitcoin supply squeeze. He further noted that other top economies plan the same thing and would implement rate cuts.
To explain this, George cited Switzerland, one of the top economies to implement rate cuts this year. He considers it a confirmation that several other top economies have concluded plans to revitalize their economies soon. The analyst believes it would encourage liquidity flows, with a significant volume flowing into assets, including Bitcoin.
Another factor George thinks will contribute to the supply squeeze is the ETFs. In his analysis, he predicts the outflow seen on Grayscale is bound to slow down based on a diminishing supply. According to him, that would have a massive impact on the Bitcoin supply squeeze, especially with the newly launched ETFs creating more inflow.
The analyst noted that Grayscale sold half of its ETF supply in eleven weeks, suggesting they would soon run out of volume. According to George, that would be a significant moment for the supply squeeze, especially with the other ETFs injecting more money into the Bitcoin ecosystem.
For prediction, George believes Bitcoin has more room for growth and could rally to $500,000 by the end of 2025. The flagship crypto traded for $65,191 at the time of writing, recovering from a recent dip to $60,760, according to data from TradingView.
The post “Imminent” Supply Shock Could See Bitcoin at $500K by Q4 2025: Analyst appeared first on Coin Edition.
George noted that the effect of upcoming macroeconomic events will favor Bitcoin.
The analyst believes Grayscale’s diminishing supply will promote the upcoming Bitcoin squeeze.
According to George of CryptosRUs crypto YouTube channel, a supply squeeze is imminent for Bitcoin soon. George noted that Bitcoin has slowed down over the past several days, but it does not mean market participants should give up on the pioneer cryptocurrency. He believes coming events will regenerate an active market for Bitcoin.
In a recently uploaded video, George argued that the effect of upcoming macroeconomic events will favor Bitcoin. The CryptosRUs analyst highlighted the proposed interest rate cuts by the U.S. Federal Reserve as a signal for an imminent Bitcoin supply squeeze. He further noted that other top economies plan the same thing and would implement rate cuts.
To explain this, George cited Switzerland, one of the top economies to implement rate cuts this year. He considers it a confirmation that several other top economies have concluded plans to revitalize their economies soon. The analyst believes it would encourage liquidity flows, with a significant volume flowing into assets, including Bitcoin.
Another factor George thinks will contribute to the supply squeeze is the ETFs. In his analysis, he predicts the outflow seen on Grayscale is bound to slow down based on a diminishing supply. According to him, that would have a massive impact on the Bitcoin supply squeeze, especially with the newly launched ETFs creating more inflow.
The analyst noted that Grayscale sold half of its ETF supply in eleven weeks, suggesting they would soon run out of volume. According to George, that would be a significant moment for the supply squeeze, especially with the other ETFs injecting more money into the Bitcoin ecosystem.
For prediction, George believes Bitcoin has more room for growth and could rally to $500,000 by the end of 2025. The flagship crypto traded for $65,191 at the time of writing, recovering from a recent dip to $60,760, according to data from TradingView.
The post “Imminent” Supply Shock Could See Bitcoin at $500K by Q4 2025: Analyst appeared first on Coin Edition.
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Criptoaldia
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CetusProtocol: Innovation in the User Interface for Merchants in Sui
The world of decentralized finance (DeFi) is undergoing a revolution thanks to platforms like CetusProtocol, which are providing an exceptional user interface to traders on Sui. It is impressive to see how DeepBookonSui, the central, publicly accessible limit order book, continues to be a critical pillar in providing liquidity infrastructure in DeFi and the Sui ecosystem more broadly.
CetusProtocol has demonstrated its commitment to accessibility by offering an intuitive and easy-to-navigate user interface for merchants on Sui. This attention to detail not only improves the user experience, but also encourages participation and growth within the DeFi ecosystem, thus driving mass adoption of these innovative financial tools.
CetusProtocol has demonstrated its commitment to accessibility by offering an intuitive and easy-to-navigate user interface for merchants on Sui. This attention to detail not only improves the user experience, but also encourages participation and growth within the DeFi ecosystem, thus driving mass adoption of these innovative financial tools.
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BitEagle News
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This phase of the market is a severe test for patience and you must have strong nerves to not get sucked into the frustration spiral.
You see Bitcoin going up while your altcoins are barely moving.
You see people claiming they’re up 1000% on their last additions and you’re wondering if it's the time to switch your bags.
The perception that you're constantly underperforming everything and everyone is a deadly curse that can lead you to harakiri.
The path I suggest you follow is made of 4 simple principles:
• Work out/spend time in nature (this helps your mind to stay positive)
• Realize that 90% of the things your read on X are lies and just smokescreen
• Be aware of which part of the cycle you’re experiencing (it’s Bitcoin season)
• Spend your time researching new protocols that are slowly coming out (highlighted plenty of times they’re likely to perform heavily well)
For the rest is a waiting game, so don't feel upset.
Enjoy the journey.
#BitEagleNews #BullRun
You see Bitcoin going up while your altcoins are barely moving.
You see people claiming they’re up 1000% on their last additions and you’re wondering if it's the time to switch your bags.
The perception that you're constantly underperforming everything and everyone is a deadly curse that can lead you to harakiri.
The path I suggest you follow is made of 4 simple principles:
• Work out/spend time in nature (this helps your mind to stay positive)
• Realize that 90% of the things your read on X are lies and just smokescreen
• Be aware of which part of the cycle you’re experiencing (it’s Bitcoin season)
• Spend your time researching new protocols that are slowly coming out (highlighted plenty of times they’re likely to perform heavily well)
For the rest is a waiting game, so don't feel upset.
Enjoy the journey.
#BitEagleNews #BullRun
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吴说区块链
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According to Greeks Live, 29,000 BTC options are about to expire, the Put Call Ratio is 0.86, the biggest pain point is $60,000, and the notional value reaches $2 billion. At the same time, 270,000 ETH options will also expire, with a Put Call Ratio of 0.55, a maximum pain point of $2,950, and a nominal value of $1.05 billion.