MaYaNKtrade
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#NFPCryptoImpact
The upcoming release of U.S. non-farm payrolls data is expected to impact the cryptocurrency market. Traders are using the hashtag #NFPCryptoImpact to discuss how this economic data could influence the Fed's monetary policy and, in turn, the crypto market.
The upcoming release of U.S. non-farm payrolls data is expected to impact the cryptocurrency market. Traders are using the hashtag #NFPCryptoImpact to discuss how this economic data could influence the Fed's monetary policy and, in turn, the crypto market.
#OnChainLendingSurge
OnChainLendingSurge refers to the significant increase in activity and popularity of on-chain lending platforms within the cryptocurrency ecosystem. These platforms leverage blockchain technology to facilitate peer-to-peer lending and borrowing of crypto assets, eliminating the need for intermediaries.
Key factors contributing to this surge:
* Decentralization and Transparency: On-chain lending platforms operate on decentralized blockchains, ensuring transparency and eliminating the need for trust in intermediaries.
* Accessibility and Inclusivity: These platforms provide access to financial services to individuals and communities who may be underserved by traditional banking systems.
* Efficiency and Speed: Blockchain technology enables faster and more efficient transactions compared to traditional lending processes.
* Innovation and New Opportunities: On-chain lending platforms offer innovative features such as flash loans and yield farming, creating new opportunities for investors and borrowers.
Impact on the Crypto Market:
The OnChainLendingSurge has had a profound impact on the cryptocurrency market:
* Increased Liquidity: The surge in on-chain lending has increased liquidity within the crypto market, making it easier for investors to buy and sell crypto assets.
OnChainLendingSurge refers to the significant increase in activity and popularity of on-chain lending platforms within the cryptocurrency ecosystem. These platforms leverage blockchain technology to facilitate peer-to-peer lending and borrowing of crypto assets, eliminating the need for intermediaries.
Key factors contributing to this surge:
* Decentralization and Transparency: On-chain lending platforms operate on decentralized blockchains, ensuring transparency and eliminating the need for trust in intermediaries.
* Accessibility and Inclusivity: These platforms provide access to financial services to individuals and communities who may be underserved by traditional banking systems.
* Efficiency and Speed: Blockchain technology enables faster and more efficient transactions compared to traditional lending processes.
* Innovation and New Opportunities: On-chain lending platforms offer innovative features such as flash loans and yield farming, creating new opportunities for investors and borrowers.
Impact on the Crypto Market:
The OnChainLendingSurge has had a profound impact on the cryptocurrency market:
* Increased Liquidity: The surge in on-chain lending has increased liquidity within the crypto market, making it easier for investors to buy and sell crypto assets.
#CryptoMarketDip
IM GOING BULLISH!!
I know im in BEAR Day Market.. BUT i think this was just a step back to something better and bigger..!!
Why so? When the market collapses Big whales Withdraw the money , but today not much of money left the Crypto Market. Soo!! I made a bold move. No im not Gambling my money its just how i see the market go. I DONT SUGGEST YOU TO FOLLOW ME BUT ITS KY DECISION!!!
Alsoo you lately seen that i have been more than just rights with the calls i have done, and i hope you enjoy the profits i have provided!!! $DOGE
IM GOING BULLISH!!
I know im in BEAR Day Market.. BUT i think this was just a step back to something better and bigger..!!
Why so? When the market collapses Big whales Withdraw the money , but today not much of money left the Crypto Market. Soo!! I made a bold move. No im not Gambling my money its just how i see the market go. I DONT SUGGEST YOU TO FOLLOW ME BUT ITS KY DECISION!!!
Alsoo you lately seen that i have been more than just rights with the calls i have done, and i hope you enjoy the profits i have provided!!! $DOGE
#BinanceMegadropSolv
The crypto market is reeling after Binance announced its massive sell-off of Solana (SOL) assets, triggering a sharp drop in SOLās price. Dubbed the āBinance Mega Drop,ā this move has left investors scrambling for answers and wondering about the future of one of cryptoās top-performing assets.
Hereās what happened: Binance revealed plans to reduce its SOL holdings as part of its portfolio rebalancing efforts amid ongoing regulatory pressures. The announcement sparked widespread panic, leading to a cascade of sell-offs across the market. SOLās price plummeted by over [insert percentage], erasing billions in market value almost overnight.
So, whatās next for Solana? While short-term prospects look rocky, experts believe the long-term fundamentals remain strong. Solana's high-speed blockchain, low transaction costs, and thriving developer ecosystem continue to make it a favorite for decentralized applications (dApps) and NFT projects.
However, this sell-off serves as a critical reminder of the volatility tied to centralized platforms like Binance and their outsized influence on market dynamics. Some analysts argue that this is a buying opportunity for long-term believers in Solanaās vision, while others urge caution, given the current market uncertainty.
As the dust settles, all eyes will be on Solanaās ability to recover and Binanceās next moves. Will SOL bounce back stronger, or is this the start of a broader trend?
Whatās your take on the Binance Mega Drop? Are you buying the dip or sitting this one out? Share your thoughts below! š
#BinanceMegaDrop #Solana #CryptoNews #SOL #MarketCrash
#BTC100KTrumpEffect #BullCyclePrediction #MicroStrategyAcquiresBTC
The crypto market is reeling after Binance announced its massive sell-off of Solana (SOL) assets, triggering a sharp drop in SOLās price. Dubbed the āBinance Mega Drop,ā this move has left investors scrambling for answers and wondering about the future of one of cryptoās top-performing assets.
Hereās what happened: Binance revealed plans to reduce its SOL holdings as part of its portfolio rebalancing efforts amid ongoing regulatory pressures. The announcement sparked widespread panic, leading to a cascade of sell-offs across the market. SOLās price plummeted by over [insert percentage], erasing billions in market value almost overnight.
So, whatās next for Solana? While short-term prospects look rocky, experts believe the long-term fundamentals remain strong. Solana's high-speed blockchain, low transaction costs, and thriving developer ecosystem continue to make it a favorite for decentralized applications (dApps) and NFT projects.
However, this sell-off serves as a critical reminder of the volatility tied to centralized platforms like Binance and their outsized influence on market dynamics. Some analysts argue that this is a buying opportunity for long-term believers in Solanaās vision, while others urge caution, given the current market uncertainty.
As the dust settles, all eyes will be on Solanaās ability to recover and Binanceās next moves. Will SOL bounce back stronger, or is this the start of a broader trend?
Whatās your take on the Binance Mega Drop? Are you buying the dip or sitting this one out? Share your thoughts below! š
#BinanceMegaDrop #Solana #CryptoNews #SOL #MarketCrash
#BTC100KTrumpEffect #BullCyclePrediction #MicroStrategyAcquiresBTC
Bullish and Bearish Signal $SHIB /USDT Analysis: Turning $60 into $180 with $SHIB !
Current Price: $0.00002384 (0.00%)
SHIB
0.00002378
+0.16%
Signal Type:
Bullish Signal:
SHIB is currently stable at $0.00002384 with no change, indicating that it may be in a consolidation phase before a potential breakout. This could be a good entry point for those looking for a long position with the expectation of upward movement.
---
Trade Position:
Long Position (Bullish Trend)
With SHIB showing stability, entering a long position here could capitalize on a potential rise as it breaks out of its current range.
---
Long Position Strategy:
1. Entry Point:
Enter near $0.00002384 as the price shows stability and the potential for upward movement.
2. Target for Long:
Short-Term Target: $0.00002450 (Next resistance level).
Mid-Term Target: $0.00002500 (Major resistance).
3. Stop-Loss for Long:
Set stop-loss at $0.00002300 to limit potential downside risk in case the trend reverses.
---
Bearish Signal (In case of reversal):
If SHIB drops below $0.00002300, a bearish trend may emerge, signaling a shift to a short position.
---
Short Position Strategy (Reversal Scenario):
1. Entry Point for Short:
Enter if the price falls below $0.00002300, signaling bearish momentum.
2. Target for Short:
Target: $0.00002250 to $0.00002200 (Support levels).
3. Stop-Loss for Short:
Set stop-loss at $0.00002450 to prevent losses during any unexpected recovery.
---
Risk Management:
Monitor market conditions and adjust stops accordingly to ensure the trade stays within a safe risk-to-reward ratio.
---
Disclaimer:
Cryptocurrency trading carries significant risk. Keep an eye on SHIB's price action and adjust strategies accordingly to turn $60 into $180 with #BinanceMegadropSolv #TrumpBTCBoomOrBust #NonFarmPayrollsImpact #CryptoReboundStrategy #AIAgentFrenzy
Current Price: $0.00002384 (0.00%)
SHIB
0.00002378
+0.16%
Signal Type:
Bullish Signal:
SHIB is currently stable at $0.00002384 with no change, indicating that it may be in a consolidation phase before a potential breakout. This could be a good entry point for those looking for a long position with the expectation of upward movement.
---
Trade Position:
Long Position (Bullish Trend)
With SHIB showing stability, entering a long position here could capitalize on a potential rise as it breaks out of its current range.
---
Long Position Strategy:
1. Entry Point:
Enter near $0.00002384 as the price shows stability and the potential for upward movement.
2. Target for Long:
Short-Term Target: $0.00002450 (Next resistance level).
Mid-Term Target: $0.00002500 (Major resistance).
3. Stop-Loss for Long:
Set stop-loss at $0.00002300 to limit potential downside risk in case the trend reverses.
---
Bearish Signal (In case of reversal):
If SHIB drops below $0.00002300, a bearish trend may emerge, signaling a shift to a short position.
---
Short Position Strategy (Reversal Scenario):
1. Entry Point for Short:
Enter if the price falls below $0.00002300, signaling bearish momentum.
2. Target for Short:
Target: $0.00002250 to $0.00002200 (Support levels).
3. Stop-Loss for Short:
Set stop-loss at $0.00002450 to prevent losses during any unexpected recovery.
---
Risk Management:
Monitor market conditions and adjust stops accordingly to ensure the trade stays within a safe risk-to-reward ratio.
---
Disclaimer:
Cryptocurrency trading carries significant risk. Keep an eye on SHIB's price action and adjust strategies accordingly to turn $60 into $180 with #BinanceMegadropSolv #TrumpBTCBoomOrBust #NonFarmPayrollsImpact #CryptoReboundStrategy #AIAgentFrenzy
Bullish and Bearish Signal $UNI /USDT Analysis: Turning $80 into $240 with $UNI !
Current Price: $15.128 (+0.98%)
UNI
14.979
+0.11%
Signal Type:
Bullish Signal:
UNI has shown a positive increase of 0.98%, indicating a potential upward trend. This suggests an opportunity to enter a long position as the price may continue to rise.
---
Trade Position:
Long Position (Bullish Trend)
The current positive movement offers an ideal setup to capitalize on further upside.
---
Long Position Strategy:
1. Entry Point:
Enter near $15.128 as the price remains bullish and shows signs of upward momentum.
2. Target for Long:
Short-Term Target: $15.50 (Next resistance level).
Mid-Term Target: $16.00 (Major resistance).
3. Stop-Loss for Long:
Set stop-loss at $14.50 to minimize potential losses in case of a reversal.
---
Bearish Signal (In case of reversal):
If UNI falls below $14.50, it could signal a bearish trend, making it ideal to consider a short position.
---
Short Position Strategy (Reversal Scenario):
1. Entry Point for Short:
Enter if the price drops below $14.50, indicating bearish momentum.
2. Target for Short:
Target: $14.00 to $13.50 (Support levels).
3. Stop-Loss for Short:
Set stop-loss at $15.50 to protect against sudden upward reversals.
---
Risk Management:
Keep track of stop-loss levels and position sizes to secure profits or limit losses based on market movements.
---
Disclaimer:
Cryptocurrency trading involves risk. Stay updated on UNIās price action to potentially turn $80 into $240 with $UNI!
Current Price: $15.128 (+0.98%)
UNI
14.979
+0.11%
Signal Type:
Bullish Signal:
UNI has shown a positive increase of 0.98%, indicating a potential upward trend. This suggests an opportunity to enter a long position as the price may continue to rise.
---
Trade Position:
Long Position (Bullish Trend)
The current positive movement offers an ideal setup to capitalize on further upside.
---
Long Position Strategy:
1. Entry Point:
Enter near $15.128 as the price remains bullish and shows signs of upward momentum.
2. Target for Long:
Short-Term Target: $15.50 (Next resistance level).
Mid-Term Target: $16.00 (Major resistance).
3. Stop-Loss for Long:
Set stop-loss at $14.50 to minimize potential losses in case of a reversal.
---
Bearish Signal (In case of reversal):
If UNI falls below $14.50, it could signal a bearish trend, making it ideal to consider a short position.
---
Short Position Strategy (Reversal Scenario):
1. Entry Point for Short:
Enter if the price drops below $14.50, indicating bearish momentum.
2. Target for Short:
Target: $14.00 to $13.50 (Support levels).
3. Stop-Loss for Short:
Set stop-loss at $15.50 to protect against sudden upward reversals.
---
Risk Management:
Keep track of stop-loss levels and position sizes to secure profits or limit losses based on market movements.
---
Disclaimer:
Cryptocurrency trading involves risk. Stay updated on UNIās price action to potentially turn $80 into $240 with $UNI!
#BitcoinHashRateSurge
š Bitcoin Hash Rate Hits Record High: What It Means for Crypto š”
Bitcoinās hash rate is surging to unprecedented levels, marking a significant milestone in the crypto space. Hereās why this matters and what it could mean for the future of Bitcoin.
š What is Bitcoin Hash Rate?
The hash rate represents the total computational power used by miners to validate Bitcoin transactions and secure the network. A higher hash rate means a more secure blockchain and increased competition among miners.
š The Latest Milestone
All-Time High: Bitcoin's hash rate recently skyrocketed to over [insert specific TH/s], breaking previous records.
Network Security: With more computational power, the Bitcoin network is now harder to attack, boosting trust among investors.
š Why the Surge?
1. Rising Bitcoin Prices: Miners are ramping up operations, anticipating higher profits.
2. New Mining Technologies: Advanced hardware and energy-efficient solutions are powering the surge.
3. Global Mining Expansion: Countries like the U.S. and Kazakhstan are leading mining operations, diversifying the network.
š” Why Should You Care?
Investor Confidence: A robust hash rate signals strong network health, attracting institutional and retail investors.
Sustainability Debate: The spike reignites conversations about Bitcoin's environmental impact and sustainable energy solutions.
š The Bottom Line
Bitcoinās hash rate surge is a testament to the network's growing adoption and resilience. Whether you're a miner, investor, or crypto enthusiast, this milestone underscores Bitcoin's pivotal role in the digital economy.
š Whatās your take on this record-breaking surge? Share your thoughts below!
Stay tuned for more updates on Bitcoin and the ever-evolving world of crypto. š
#TrumpBTCBoomOrBust #bitcoin #Binance #BinanceSquare
$BTC
š Bitcoin Hash Rate Hits Record High: What It Means for Crypto š”
Bitcoinās hash rate is surging to unprecedented levels, marking a significant milestone in the crypto space. Hereās why this matters and what it could mean for the future of Bitcoin.
š What is Bitcoin Hash Rate?
The hash rate represents the total computational power used by miners to validate Bitcoin transactions and secure the network. A higher hash rate means a more secure blockchain and increased competition among miners.
š The Latest Milestone
All-Time High: Bitcoin's hash rate recently skyrocketed to over [insert specific TH/s], breaking previous records.
Network Security: With more computational power, the Bitcoin network is now harder to attack, boosting trust among investors.
š Why the Surge?
1. Rising Bitcoin Prices: Miners are ramping up operations, anticipating higher profits.
2. New Mining Technologies: Advanced hardware and energy-efficient solutions are powering the surge.
3. Global Mining Expansion: Countries like the U.S. and Kazakhstan are leading mining operations, diversifying the network.
š” Why Should You Care?
Investor Confidence: A robust hash rate signals strong network health, attracting institutional and retail investors.
Sustainability Debate: The spike reignites conversations about Bitcoin's environmental impact and sustainable energy solutions.
š The Bottom Line
Bitcoinās hash rate surge is a testament to the network's growing adoption and resilience. Whether you're a miner, investor, or crypto enthusiast, this milestone underscores Bitcoin's pivotal role in the digital economy.
š Whatās your take on this record-breaking surge? Share your thoughts below!
Stay tuned for more updates on Bitcoin and the ever-evolving world of crypto. š
#TrumpBTCBoomOrBust #bitcoin #Binance #BinanceSquare
$BTC
#CryptoReboundStrategy
Simple #CryptoReboundStrategy
When the market is moving side ways buy at low and sell at high.
Check all the lows from where the coin rebounded towards high.
Check all the highs from where the coin starts dropping towards the low.
Cryptos Trading Sideways are:
- Bitcoin $BTC
-.Ethereum $ETH
- Hedera $HBAR
- comment others below
Simple #CryptoReboundStrategy
When the market is moving side ways buy at low and sell at high.
Check all the lows from where the coin rebounded towards high.
Check all the highs from where the coin starts dropping towards the low.
Cryptos Trading Sideways are:
- Bitcoin $BTC
-.Ethereum $ETH
- Hedera $HBAR
- comment others below
any body give me future trading strategy for free
any body give me future trading strategy
#Crypto2025Trends
Predicting the future of cryptocurrency is notoriously difficult, but here are some tokens and general trends that experts are watching for 2025:
Potential Tokens to Watch in 2025:
* Polkadot (DOT): Polkadot is designed to connect different blockchains, enabling them to work together. This interoperability is crucial for the future of blockchain, and as more projects adopt Polkadot's technology, the value of DOT could rise.
* Solana (SOL): Solana is known for its speed and scalability, handling thousands of transactions per second. This makes it ideal for decentralized finance (DeFi) platforms, gaming, and NFTs.
* Avalanche (AVAX): Similar to Solana, Avalanche offers high transaction speeds and scalability without compromising security. It's attractive to developers building new blockchain applications.
* Rexas Finance (RXS): This is a newer project focused on real estate tokenization and AI-powered NFT creation. It has garnered significant attention and investment in its presale, suggesting potential for growth.
General Trends for 2025:
* Increased Regulation: Governments worldwide are working on regulations for cryptocurrencies, which could bring more stability and mainstream adoption.
* Stablecoin Growth: Stablecoins, which are pegged to stable assets like the US dollar, are expected to see continued growth as they offer a less volatile way to participate in the crypto market.
* Tokenization of Real-World Assets (RWAs): This trend involves representing real-world assets like real estate or stocks on the blockchain, increasing liquidity and accessibility.
* Integration of AI and Crypto: We may see more projects combining artificial intelligence and blockchain technology for innovative applications in areas like decentralized finance and data management.
Predicting the future of cryptocurrency is notoriously difficult, but here are some tokens and general trends that experts are watching for 2025:
Potential Tokens to Watch in 2025:
* Polkadot (DOT): Polkadot is designed to connect different blockchains, enabling them to work together. This interoperability is crucial for the future of blockchain, and as more projects adopt Polkadot's technology, the value of DOT could rise.
* Solana (SOL): Solana is known for its speed and scalability, handling thousands of transactions per second. This makes it ideal for decentralized finance (DeFi) platforms, gaming, and NFTs.
* Avalanche (AVAX): Similar to Solana, Avalanche offers high transaction speeds and scalability without compromising security. It's attractive to developers building new blockchain applications.
* Rexas Finance (RXS): This is a newer project focused on real estate tokenization and AI-powered NFT creation. It has garnered significant attention and investment in its presale, suggesting potential for growth.
General Trends for 2025:
* Increased Regulation: Governments worldwide are working on regulations for cryptocurrencies, which could bring more stability and mainstream adoption.
* Stablecoin Growth: Stablecoins, which are pegged to stable assets like the US dollar, are expected to see continued growth as they offer a less volatile way to participate in the crypto market.
* Tokenization of Real-World Assets (RWAs): This trend involves representing real-world assets like real estate or stocks on the blockchain, increasing liquidity and accessibility.
* Integration of AI and Crypto: We may see more projects combining artificial intelligence and blockchain technology for innovative applications in areas like decentralized finance and data management.
$BNB
Benefits of Holding $BNB
$BNB isnāt just a cryptocurrency; itās a versatile asset powering the Binance ecosystem. Holders enjoy reduced trading fees on Binance, making it ideal for frequent traders. Itās also widely used for staking, yielding passive income opportunities. $BNB fuels transactions on the Binance Smart Chain, supporting decentralized apps and DeFi projects. Plus, its burn mechanism reduces supply, potentially boosting long-term value. Beyond Binance, it is accepted by various merchants worldwide, enhancing its utility.
Whether youāre an investor, developer, or crypto enthusiast, it offers unmatched benefits in the evolving blockchain landscape.
#BtcNewHolder
Benefits of Holding $BNB
$BNB isnāt just a cryptocurrency; itās a versatile asset powering the Binance ecosystem. Holders enjoy reduced trading fees on Binance, making it ideal for frequent traders. Itās also widely used for staking, yielding passive income opportunities. $BNB fuels transactions on the Binance Smart Chain, supporting decentralized apps and DeFi projects. Plus, its burn mechanism reduces supply, potentially boosting long-term value. Beyond Binance, it is accepted by various merchants worldwide, enhancing its utility.
Whether youāre an investor, developer, or crypto enthusiast, it offers unmatched benefits in the evolving blockchain landscape.
#BtcNewHolder
I am holding last 2 day still in loss i think its not pumping thats my thinking so thats why i am changing my target 0.8000 to 0.73
if any body have any suggestion then comment box is waiting for you guys š
i am a beginner but i still showing my loss and profit daily so thats why our crypto community new user see if i mistake in some trade then you don't and advance future traders help us š
#BtcNewHolder
if any body have any suggestion then comment box is waiting for you guys š
i am a beginner but i still showing my loss and profit daily so thats why our crypto community new user see if i mistake in some trade then you don't and advance future traders help us š
#BtcNewHolder
#XmasCryptoMiracles
This Christmas, I welcome the transformative power of cryptocurrency with hope and joy. I believe in the potential of blockchain to create a better future, bringing prosperity and innovation. As I celebrate this festive season, I trust my investments to grow and thrive, just like the spirit of giving and love. May the new year bring success, wisdom, and financial freedom. I am grateful for the opportunities that crypto offers and look forward to a bright and abundant future. This holiday season, I am inspired by the endless possibilities and excited for what's to come.
This Christmas, I welcome the transformative power of cryptocurrency with hope and joy. I believe in the potential of blockchain to create a better future, bringing prosperity and innovation. As I celebrate this festive season, I trust my investments to grow and thrive, just like the spirit of giving and love. May the new year bring success, wisdom, and financial freedom. I am grateful for the opportunities that crypto offers and look forward to a bright and abundant future. This holiday season, I am inspired by the endless possibilities and excited for what's to come.
i was choose the right stop loss but suddenly i don't know i change then hit my previous target but i was so my trade was not closed then today i check i am in loss š„²
share your opening guys am i wright or wrong
#ReboundRally
XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels.
The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.
The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance.
XRPUSDT
Perp
2.2927
+2.54%
Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720.
Another Decline?
If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.28 level and the trend line. The next major support is near the $2.240 level or the 50% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.
If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone.
Technical Indicators
Hourly MACD ā The MACD for XRP/USD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) ā The RSI for XRP/USD is now above the 50 level.
Major Support Levels ā $2.280 and $2.240.
Major Resistance Levels ā $2.350 and $2.40.
#WeAreAllSatoshiNakamoto #ReboundRally $BTC $XRP $BNB
XRP price started a fresh increase above the $2.20 support level, like Bitcoin and Ethereum. There was a decent increase above the $2.25 and $2.30 levels.
The price even tested the $2.35 level before the bears appeared. A high was formed at $2.348 and the price is now consolidating gains. There was a minor decline below the 23.6% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.
The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $2.285 on the hourly chart of the XRP/USD pair.
On the upside, the price might face resistance near the $2.32 level. The first major resistance is near the $2.35 level. The next resistance is $2.40. A clear move above the $2.40 resistance might send the price toward the $2.50 resistance.
XRPUSDT
Perp
2.2927
+2.54%
Any more gains might send the price toward the $2.550 resistance or even $2.650 in the near term. The next major hurdle for the bulls might be $2.720.
Another Decline?
If XRP fails to clear the $2.350 resistance zone, it could start another decline. Initial support on the downside is near the $2.28 level and the trend line. The next major support is near the $2.240 level or the 50% Fib retracement level of the upward move from the $2.130 swing low to the $2.348 high.
If there is a downside break and a close below the $2.240 level, the price might continue to decline toward the $2.20 support. The next major support sits near the $2.050 zone.
Technical Indicators
Hourly MACD ā The MACD for XRP/USD is now losing pace in the bearish zone.
Hourly RSI (Relative Strength Index) ā The RSI for XRP/USD is now above the 50 level.
Major Support Levels ā $2.280 and $2.240.
Major Resistance Levels ā $2.350 and $2.40.
#WeAreAllSatoshiNakamoto #ReboundRally $BTC $XRP $BNB