**Bitcoin's Rollercoaster: Will Gains Hold?**
Bitcoin (BTC) hovered around $64,000 as the week closed on Aug. 25, following a volatile period. After a surge driven by hints of U.S. Federal Reserve policy easing, BTC hit nearly $65,000 before stabilizing.
- **Market Analysis:** Popular trader CrypNuevo cautioned about potential drops, pointing to key support levels at $63.5k and $62.2k.
- **Patterns to Watch:** BTC could form a "Bart Simpson" pattern, potentially leading to a dip before any upward movement.
- **Diverse Opinions:** While some traders predict a dip to $62,700, others, like Crypto Chase, suggest a breakout above $65,700 would signal bullish momentum.
- **Long-Term View:** Analyst Rekt Capital remains optimistic, noting BTC's alignment with historical post-halving trends.
Stay tuned for more updates as Bitcoin navigates these turbulent waters.
â
đ„đ„đ„Another major tech company joins the crypto game đ
⌠READ NOWâŒ
Sony is joining the crypto game with Soneium, a Layer 2 blockchain on Ethereum.
As ever, Sony said it wants to enhance the adoption of Web3 technologies.
It seems to me these days every new blockchain is marketed using variants of these exact words.
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But whatever, the point is, Soneium will operate on top of Ethereum, using (in part) technology from another Ethereum-adjacent blockchain, OP.
Soneium, and again these words are familiar, is designed to reduce transaction fees and increase transaction speeds.
The testnet will launch soon, and several relatively well known crypto projects are gearing up to team up with Sony, including Chainlink.
**Invest $1,000 Today: These 3 Altcoins Could Turn It Into $1 Million by 2024**
Letâs dive into three altcoins that have caught the attention of investors for their significant growth potential. Keep in mind that investing in cryptocurrencies carries risks, and market conditions can change rapidly. Here are the three altcoins:
1. **CYBRO:** This DeFi platform has attracted crypto whales with its exclusive token presale, which has already raised over $1.6 million. Experts predict a potential return on investment (ROI) of 1200%. CYBRO tokens are currently available at a presale price of just $0.03 each. The project offers staking rewards, airdrops, cashback, reduced fees, and an insurance program.
2. **Solana (SOL):** Known for its scalability and support for decentralized apps, Solana aims to attract developers with fast transaction speeds and compatibility with various programming languages. Unlike other platforms, it doesnât rely on sharding or second-layer solutions. Investing in SOL provides access to a rapidly growing ecosystem.
3. **Shiba Inu (SHIB):** Inspired by Dogecoin, SHIB is an Ethereum-based memecoin that gained credibility when half of its tokens were sent to Vitalik Buterin, who burned a large portion and donated the rest to charity. SHIB has plans to expand into decentralized applications, NFTs, and a governance system.
Remember to conduct thorough research and consider your risk tolerance before investing. Cryptocurrencies are highly volatile, and there are no guaranteed returns. Always consult with a financial advisor if you're unsure. đđ
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #PowellAtJacksonHole #CryptoMarketMoves
**The Biggest Mistake with Memecoins: Focusing on the Past Instead of the Future! đ«đ**
Take $WIF as an example: it soared to an incredible 1000x+, reaching a $40M market cap. đ Many thought the opportunity had passed, but $WIF defied expectations by climbing another 100x! đ€Ż
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If you're worried it's too late to invest, think about these crucial factors:
1. **Whoâs Still Holding? đ€**
- How many early investors still hold significant amounts? The reality: nearly 99.9% of them sold at 2x-5x. This leaves plenty of room for growth! đ
2. **Check the Liquidity! đ§**
- Are the big players already in, or is there still a chance for new entrants? Memecoins typically have low liquidity. If you're planning a substantial investment, you may need to wait for the market cap to grow to avoid driving up the price too quickly. đŠ
3. **Whatâs the Future Potential? đ**
- Is the target market cap around $300M? If so, does it really matter whether you buy in at $40M or $100M? A rise to $100M could confirm your belief rather than signal the end. đŻ
Remember to zoom out and see the bigger picture. đ Donât just focus on past gainsâif you do, you might miss the next big 100x opportunity! đ
#MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO #CryptoMarketMoves #PowellAtJacksonHole
$DOGE - PRICE ANALYSIS REQUEST
If we decompose from the highest to the lowest unit of time:
đ¶Weekly neutral zone & key resistances around 0.1100$
The size of the cloud [W] i very tiny, indicating that it could easely break by the downside again!
đ¶On the daily, the price is also facing 2 HTF trend resistances [see the chart]â ïž
I see a falling wedge pattern daily, but I wont risk a buy below the trends and inside the pattern! â ïž [bullish structure for the LONG TERM]
đ·The H4 view is neutral. But it looks like it looks like a Bearish pattern excatly on resistances! (Ascending rising wedge).
It might be the end of the correction upward phase!
Given the instability of $BTC BTC and the indecision over the monthly close, I think it unlikely that the bulls will break above the big resistance of $0.11500!
âĄïžSo I think #DOGE will revisit the $0.100 - $0.09500 support zone again in the medium term! đ
On the other hand, If the price breaks the falling wedge [D1], then the bulls should push it to the daily POC around $0.1500! (New update to come if this is the case)!đ
Local resistances to watch:
0.11250 - 0.11500 & 0.11800$
Possible setup in my charts! [I don't show all the graphics].
#trading #Crypto_JobsđŻ #Dyor2024 #dogeâĄ
Crypto Investorsâ Perfect Choice For The Bull RunÂ
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In a recent report, a popular cryptocurrency analyst, Jamie Coutts, claims that the price of Bitcoin (BTC) could hit as high as $100,000 in 2024 if banks keep capitulating and liquidity spigots keep opening.
This potential surge in Bitcoinâs (BTC) price could significantly influence the value of other altcoins, making it a strategic time to diversify into one of the hottest crypto projects, ETFSwap (ETFS), which has positioned itself to benefit from this bull run.
Is Another Bull Run Approaching For Bitcoin (BTC)?
As famous analyst Jamie Coutts claimed, another bull run market looks to be coming soon. In an X (formerly Twitter)Â post, Coutts asserted that âcentral banks are already capitulating, the liquidity spigots are opening, and Bitcoin (BTC) is about to go much higher.â
He further states that, within the last month, the BoJ and the PBoC have added $400B & $97B, respectively, and the broad global money base (credit) has expanded by $1.2T, which has been massively helped by a sharp dip of the US dollar. Coutts claims it suggests that it is coordinated with the Fedâs consent.
Now, for BTC to meet this target, the DXY would need to be well below 101, prompted by ongoing central bank injections. This would likely push global M2 well over $120T this period.Â
In other words, for Bitcoin (BTC) to hit over $100,000, the money supply must continually expand.Â
At the time of press, Bitcoin (BTC) traded for $59,182.08.
ETFSwap: Crypto Investorsâ Perfect Choice For The Bull RunÂ
As we approach the bull run market, ETFSwap (ETFS) has strategically positioned itself as the best place to enjoy innovative features that impact trading and sweet profits.
#BullRUN #CryptoNews #Bitcoin #Altcoins #TelegramCEO $BTC $ETH $SOL
đ **Crypto Whales Flock to Rollblock Presale!** đ
- **Shiba Inu & Avalanche Struggle**: Both coins have seen a downtrend, with Shiba Inu down 16% in the past month and Avalanche struggling despite a recent 26% weekly gain.
- **Rollblock Presale Booms**: Crypto whales are shifting focus to Rollblock, raising over $2.5M in its presale. This GambleFi protocol offers unique features and is pegged for a parabolic run in 2024.
- **Why Rollblock?**: With no-KYC iGaming on Ethereum, staking, yield farming, and revenue sharing, Rollblock is attracting big money.
đŹ **What do you think? Will Rollblock outperform Shiba Inu and Avalanche? Comment below!**
#voxel/usdt Price Action: Will the Bulls Push Higher?
$VOXEL
{future}(VOXELUSDT)
{spot}(VOXELUSDT)
The VOXEL/USDT pair is currently trading around 0.2137, showing a slight upward movement. The price is near a recent resistance level at 0.2150, which has been tested several times, indicating a possible breakout if bullish momentum continues. The 200-period Moving Average (MA) is positioned at 0.1780, well below the current price, suggesting that the market sentiment is bullish in the short term. The VWAP (Volume-Weighted Average Price) is at 0.2029, also below the current trading price, reinforcing the upward trend.
The Relative Strength Index (RSI) is at approximately 60.21, indicating that the price is approaching an overbought condition but still has some room for upward movement. The MACD (Moving Average Convergence Divergence) shows a positive crossover with the MACD line above the signal line, accompanied by a positive histogram, suggesting increasing bullish momentum. Volume has picked up slightly, indicating a potential buildup for a breakout.
Bullish Scenario: A break above the 0.2150 resistance level with increased volume could see further upside toward 0.2300 or higher.Bearish Scenario: Failure to break above 0.2150 could lead to a pullback toward the support levels around 0.2000 or lower.
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading cryptocurrencies involves risk, and you should do your own research or consult a professional before making any decisions.
#6thTrade #MarketSentimentToday #BecomeCreator #Market_Update
_US Court Ruling đșđž_
$USDC $BTC $XRP đ‎ïžđȘ
{spot}(XRPUSDT)
{spot}(BTCUSDT)
{spot}(USDCUSDT)
The US District Court for the Northern District of California has denied Kraken's motion to dismiss a lawsuit filed by the US Securities and Exchange Commission (SEC) đ. The SEC alleges that Kraken operates an unregistered securities exchange, broker, dealer, and clearing agency, violating federal securities laws đš.
_Court's Decision đ€_
The court determined that the SEC "has plausibly alleged" that certain crypto tokens traded on Kraken could be considered securities, allowing the case to proceed đ. This means the SEC has presented sufficient evidence to suggest that some cryptocurrency transactions on Kraken may constitute investment contracts and therefore securities đ.
_Implications đ€Ż_
This ruling has significant implications for the crypto industry, as it suggests that some cryptocurrency transactions may be subject to federal securities laws đ. Kraken's Chief Legal Officer, Marco Santori, noted that the court ruled that none of the tokens trading on Kraken are securities, but the SEC will need to prove that the Howey Test factors are satisfied for every alleged transaction đ.
_Howey Test đ_
The Howey Test is a legal framework used to determine whether a transaction constitutes an investment contract and therefore a security đ. The test considers factors such as:
- Investment of money
- Expectation of profits
- Common enterprise
- Derived from the efforts of others
_SEC's Burden of Proof đ_
The SEC will need to prove that the Howey Test factors are satisfied for each alleged transaction, demonstrating that the crypto tokens in question are indeed securities đ. This will be a crucial aspect of the case, as it will determine whether Kraken is operating an unregistered securities exchange.
Robert Kiyosaki advocates for Bitcoin in light of soaring US debt
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Robert Kiyosaki has cautioned about the rising US debt. The author of âRich Dad Poor Dad,â claims the United States accrues roughly $1 trillion in debt every 100 days.
In his recent posts on X, the New York Times best-selling author recommended people invest in gold, silver, and Bitcoin to guard themselves from economic instability.
Kiyosaki recommends Bitcoin as hedge against economic instability
On August 21, Robert Kiyosaki called attention to the rising national debt, stating that the United States is accumulating $1 trillion in debt every 100 days.
He illustrated the enormity of this figure by stating that one trillion seconds equates to over 31,688 years.
He then recommended a shift to Bitcoin and commodities like gold and silver. At the time of this writing, The US national debt stood at $35.21 trillion.
On August 18, Kiyosaki shared a âRich Dadâ lesson on panics via the X platform, highlighting the visible distress in current capital markets. He pointed out the failing stock, bond, and real estate markets and warned that the public remains unaware of banksâ insolvency, describing these banking panics as âinvisible.â
In an earlier post on August 16, Kiyosaki urged the public to take control of their financial future by seeking their own solutions rather than relying on the Federal Reserve. He encouraged people to safeguard their wealth by purchasing gold, silver, and Bitcoin.
He urged a shift in investments toward Bitcoin and gold, stating, âThat is why there is FDIC insurance. If your bank goes bust, up to $250k of your savings are safe.
#Robert.Kiyosaki #RobertKennedyJr #US #Bitcoin #CryptoNews $BTC $ETH $SOL
Potential Bitcoin Dump After Surge to $64000
Bitcoin recently surged to $64,000, but I anticipate a brief pullback to around $60,000 due to profit-taking. This temporary dip is likely as traders secure gains from the surge. The $64,000 level is significant, making it a key point for selling pressure. Technical indicators also suggest resistance at $64,000 and support around $60,000. I plan to sell near $64,000 and re-enter around $60,000-$62,000. This strategy aims to take advantage of the expected dip before the next upward move. Always be cautious, as markets can be unpredictable $BTC
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek
đđđđđđđ đđđđđđ đđđđđđđ đđđđ đđđđđđđđ đšđš
The highly anticipated launch of Hamster Kombat Coin ($HMSTR) has captured the attention of the crypto community. Although initially set for July 2024, the launch encountered delays due to technical challenges. Despite these setbacks, $HMSTR is already actively trading on several pre-market exchanges, maintaining strong momentum.
The buzz surrounding $HMSTR is amplified by the potential of a Binance listing, which could significantly enhance the token's visibility and trading activity. While the delays have been a point of concern, the community remains optimistic about the projectâs long-term potential.
đđČđșđșđČ đđČđčđč đđŒđ đźđŻđŒđđ đ»đČđ đ§đČđ°đ”đ»đŒđčđŒđŽđ
The @carv_official Protocol is transforming the gaming industry through the integration of advanced AI and blockchain technology, delivering a personalized, secure, and decentralized gaming experience. By utilizing AI, CARV optimizes game environments, dynamically adjusting to each player's actions and preferences in real-time. Concurrently, blockchain technology guarantees true ownership of in-game assets, facilitating a robust economy where digital assets possess tangible value. This synergy of innovative technologies not only enhances player engagement but also equips developers with advanced tools to create more sophisticated and adaptive games, establishing a new benchmark in the gaming world.
#BinanceWeb3Airdrop #CARVingTheFutureOfData #MtGoxRepayments #BinanceLaunchpoolDOGS #TelegramCEO $BTC $ETH $BNB
Is Tron Meme Coin Season Next?
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Tron (TRX) ecosystem is in the spotlight because of its meme tokens taking off. As one of the industryâs most dominant Layer 1 networks, the protocol is now implementing the play-books of rivals like Solana.
For more than a year, Solana has recorded a thriving meme ecosystem with BONK and dogwifhat (WIF) successes. Tron Founder Justin Sun is confident the blockchain will stun the world with its lineup of meme coin innovations.
Tron Meme Coin; Hype Vs Reality
Every protocol has its strengths and weaknesses. While Solana suffers outages from Phantom Wallet and other DApps, Tron still needs to.
Riding on this, Sun believes the protocol needs to build on this network stability to bring more value to the community. This desire helped birth the Tron Meme Coin season.
Per data from DeFiLlama, the TRX DeFi ecosystem boasts of a Total Value Locked (TVL) of $8.764 billion. This figure shows a high level of liquidity that surpasses that of Solana at $10.852 billion.
This TVL is evidence that the Justin Sun-backed network has what it takes to fuel a sustainable memecoin season.
Already, a number of Tron meme coin have made their emergence with positive milestones. One of the top meme coin to buy in 2024 is Sundog. This token is gaining a huge recognition as one of the key pioneers in its ecosystem with potential growth tracks like dogwifhat.
Several market analysts are engaged in debates on whether this meme hype will last. As a sign of the positive growth is the 410% surge that the Tron meme coin Sundog has printed in the past week.
While it might be too early to predict, every thriving memecoin passes through different growth cycles and Tronâs best tokens might also follow the trend.
#TronMemecoins #TRX #SunPump #TelegramCEO #BinanceLaunchpoolDOGS $TRX $SUN $BTC
đLONG: $BTC (4H)
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Analysis:
Bitcoin's uptrend is intact as we see it breaking past major resistance levels. The recent breakout around $64,000 indicates strong bullish sentiment. Watch closely for potential pullbacks to $58,400, which could offer good entry points, keeping an eye on short-term resistance and support.
Price Targets:
If the momentum continues, Bitcoin could test the next resistance at $66,600, with higher targets at $70,000 and $77,000. Be cautious if it falls below the support level of $54,400, which could signal a trend reversal. Stay alert for trading opportunities!
$BTC #DYOR
{spot}(BTCUSDT)
#NEAR/USDT 4-Hour Chart Analysis: Key Resistance and Support Levels to Watch
$NEAR
{future}(NEARUSDT)
{spot}(NEARUSDT)
The NEAR/USDT 4-hour chart currently shows the price trading around 4.93, just below a significant resistance level at 5.40. This resistance has been tested multiple times and could act as a substantial barrier to further gains. The immediate support level is around 4.50, and a break below this could lead to a further decline toward 4.00. The price is also trading near the 200-period Moving Average (MA) at 4.52, indicating a potential shift in sentiment. If the price remains above the 200-period MA, it suggests short-term bullishness, but failing to hold above this level may indicate a bearish outlook.
The Relative Strength Index (RSI) is at approximately 62, suggesting slightly bullish momentum without being overbought, providing room for further upside potential.
Meanwhile, the MACD (Moving Average Convergence Divergence) shows a positive histogram with the MACD line above the signal line, signaling a possible continuation of the bullish trend. Volume analysis indicates moderate activity as the price approaches the resistance level.
A breakout above 5.40 with increased volume could signal a stronger upward move toward the next resistance at 5.85-6.00. Conversely, if the price fails to break above 5.40, a pullback towards 4.50 or lower may occur. Traders should watch for a breakout above 5.40 for a potential long position and monitor for any bearish signals near resistance for a possible short opportunity.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Trading cryptocurrencies involves significant risk, and you should conduct your own research before making any trading decisions. The author is not responsible for any financial losses incurred as a result of using this information. Past performance is not indicative of future results.
#Market_Update #6thTrade #BecomeCreator #CryptoMarketMoves
This Must Occur Before Bitcoin's Price Can Rally To $80,500
These price points matter because they indicate when investors are likely to do things like take risks, capitulate, or make a profit. whether analyzing prices, the MVRV Pricing Bands statistic is helpful for determining whether a cycle has reached its bottom or peak.
If this key resistance level were to be broken, the leading cryptocurrency may be able to go up to $80,500 or more, according to the crypto expert.
If the price breaks over this level of resistance, it might mean that institutional and ordinary investors are getting ready to purchase again, which is a good sign for the market. Martinez shared an important indicator in another X post that may show when Bitcoin's price goes up again.
After a golden cross occurred between the MVRV ratio and its 365-day simple moving average (SMA), the crypto pundit believes that BTC might be starting its bull run again. When the short-term moving average rises above the long-term moving average, it is seen as a positive signal in technical analysis, known as a golden cross.
It should be noted, however, that Bitcoin's price has had a hard time sustaining any upward trend over the last few months. Market leader is now trading at a 12.6% discount to its all-time high of $73,737, hit in the middle of March, according to data from CoinGecko. A new all-time high of $80,500 would be a 25% rally from where it is now.
#PowellAtJacksonHole #CryptoMarketMoves #BTC $BTC
{spot}(BTCUSDT)
#BecomeCretor
According to recent forecasts by Pavel Durov's lawyer, Durov is expected to be released in two days. This prediction comes amid heightened scrutiny and uncertainty surrounding the situation. The lawyer's statement has generated significant interest, particularly among Durov's supporters and those closely following the case.Pavel Durov, known for his role in creating Telegram and his involvement in various tech and entrepreneurial ventures, has been at the center of legal and political controversies recently. The legal proceedings have been closely watched, and the possibility of his imminent release has sparked speculation about the implications for both his personal affairs and his business interests.The forecast by the lawyer aligns with ongoing discussions about Durov's situation, but the final outcome remains contingent on various factors, including legal considerations and political dynamics. Supporters of Durov are hopeful that the forecast will prove accurate, leading to his swift release. The situation continues to evolve, and updates will be eagerly awaited as the expected release date approaches.#Durov #PavelDurov #pavelarrested #VOTEme
118 Million Dogecoin Stuns Major Crypto Exchange: Details
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According to the crypto data tracker Whale Alert, a staggering 118,925,431Â DOGE, valued at approximately $13.3 million, was transferred from an unknown wallet to Binance, one of the largest cryptocurrency exchanges in the world.
Whale Alert reported, â118,925,431 DOGE worth $13,308,971 transferred from unknown wallet to Binance.â This large transaction sparked speculation and curiosity about the intentions behind the move, which remains unknown.
The size and timing of the transaction remain significant, fueling speculation as the market faces profit-taking.
Cryptocurrencies surged on Friday as Federal Reserve Chairman Jerome Powell signaled that rate cuts might be implemented in the coming months, indicating that the U.S. central bank is pleased with the slowing of inflation.
At this time, investors believe the Fed would lessen its fight against inflation after keeping its benchmark interest rate unchanged since July 2023.
The Dogecoin price rose alongside the crypto markets, reaching highs of $0.1155 in Fridayâs trading session before retreating. If today closes in red, Dogecoin would mark its second day of losses.
Deposits to exchanges indicate an intention to sell. This could be the case, as Dogecoin is currently experiencing profit-taking. Alternatively, the transaction might be mere fundsâ shift by exchanges, institutional players, or whales.
Dogecoin price action
At the time of writing, DOGE was down 1.72% in the last 24 hours to $0.11. Dogecoinâs attempt to stretch its price surge past $0.1155 near the daily SMA 50 faltered as the price met selling.
#Dogecoin #Doge #Memecoins #Cryptonews #TelegramCEO $DOGE $SHIB $SOL
Dogecoin bulls push past resistance: A new price structure in play?
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Dogecoin bulls enforced a bullish market structure break.The lower timeframe sentiment could propel DOGE toward the nearby Fibonacci levels.
Dogecoin [DOGE]Â saw a positive performance in the crypto markets recently. Its 7.3% surge on Friday, the 23rd of August, was a sign of bullish intent and meant another 8%-18% move could arrive soon.
An increasing number of Dogecoin wallets were in the money. Since the market trend has been bearish since May, it indicated that profit-taking activity could rear its head and impede Dogecoinâs progress.
The market structure on the daily chart was bullish after the daily session close above $0.111 on the 23rd of August. However, the longer-term trend was bearish, with occasional bullish structures in between like the recent development.
The Fibonacci retracement levels based on the past monthâs price drop highlighted the $0.1196 and $0.13 levels as the next resistance zones. Given the bullish structure, Dogecoin is likely to reach one or both of these levels.
The daily RSI was above neutral 50 to signal bullishness. However, the OBV could not move higher significantly. Hence, while momentum was shifting, the lack of demand meant DOGE gains would be easy to reverse.
The funding rate behind DOGE saw a drop over the past couple of days but remained positive. The Open Interest rose alongside the price to signal bullish momentum, although it saw a minor dip in the past 24 hours.
During this time Dogecoin fell just over 4% from $0.1149 to $0.11.
While the futures data showed speculators willing to go long, the spot CVD began to trend downward again.
#Dogecoin #ElonMusk #Memecoins #CryptoNews #TelegramCEO $DOGE $SHIB $BTC