Breaking Resistance Is Key For Solana Price Rise To $220
Solana (SOL), the fifth biggest cryptocurrency by market value, has been recovering like Bitcoin (BTC) in recent weeks.
Friday's price increase follows encouraging macroeconomic news from the US Federal Reserve (Fed), which have boosted the cryptocurrency industry.
Up 7% Weekly Amid Economic News
SOL has risen about 4% in the previous 24 hours and 7% in the last week. This bounce comes after SOL fell below $110 on August 5, after market turmoil caused by bad economic data.
Following Fed Chair Jerome Powell's remarks, the economy has improved.
Powell indicated that the central bank may lower rates in September in a speech today. Powell stressed the Fed's willingness to alter policies to protect the labor market and enable a smooth economic transition, but he did not specify the amount of this adjustment.
Powell said, âThe time has come for policy to adjust,â at the Kansas City Fed's annual conference in Jackson Hole, Wyoming. He stressed that facts, economic predictions, and risk assessments will determine rate decreases' timing and extent.
Solana Price Forecast
Bitcoin soared to $63,000 after Powell's comments. Ethereum (ETH) rose 4.4% to $2,730, a figure not seen since July.
Additionally, crypto researcher Ali Martinez has observed that Solana may be building an Adam & Eve pattern, suggesting a spike to $164 if SOL breaks this resistance level.
A breakthrough might lead to a 33% gain to $220. If this prediction comes true, SOL's price would fall just short of its historical high of $259 from the 2021 bull run, which peaked in November.
The projected increase would push SOL far over its five-month-old yearly high of $210. In the short term, SOL must break the $151 barrier wall that has held the token back since August 11.
If the price breaks this level, the token might retest and consolidate above its next significant barrier at $161.
#MtGoxRepayments #PowellAtJacksonHole #CryptoMarketMoves #Solana $SOL
{spot}(SOLUSDT)
Bullish Breakout! Dogecoin Price Prediction for August 2024 đ€Żđ„đ
Hey crypto fans! đ€© Dogecoin (DOGE) is making waves with a massive breakout on August 24, 2024! đ After consolidating between $0.094 and $0.108 for 18 days, DOGE is now poised for a bull run! đââïž
Thanks to Jerome Powell's potential interest rate cut announcement, DOGE experienced a significant breakout! đ And now, experts predict a 15% surge to $0.13 or higher in the coming days! đ€Ż
But that's not all! Another crypto expert says DOGE is entering the 3rd phase of its bullish cycle, just like phases one and two! đ And when consolidation occurs along the trendline, DOGE tends to skyrocket! đ This time, it could reach $2 or even $4.5! đ€Ż
At press time, DOGE is trading at $0.113, with an 8% price surge in 24 hours! đ And its trading volume has increased by 70%! đ€Ż Meanwhile, DOGE's open interest is rising, indicating growing interest from traders and investors! đ
The overall crypto landscape is up 4.6% in 24 hours, with top assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) experiencing notable price surges! đ
Stay tuned for more updates on DOGE's bull run! đ€©
{spot}(DOGEUSDT)
#LowestCPI2021
Unlock the secrets of the crypto world in just two minutes! đ
After seven years in the game, here are the golden nuggets I've gathered:
1. The inevitable truth: Regardless of market swings, 7.65% of people will eventually hold the 21.78 million Bitcoins out there. Will you be one of them?
2. Back to basics: Mastering financial, capital, and risk management is over 100 times more crucial than nailing technical analysis. It's the foundation that keeps your crypto journey steady and profitable.
3. Money while you sleep: The crypto market isn't just about frantic trading; it's a treasure trove of passive income opportunities waiting for you to explore.
Did you know Bitcoin has averaged a staggering 95% annual growth over the past 15 years? So why aren't more folks cashing in? Simple: the 'get rich quick' trap. If you can't dedicate at least four hours a day to crypto, no worries! Focus on the power duo: allocate 68% to $BTC and 32% to $ETH , and watch your investments work for you.
Trust your gut: Rely on your knowledge and instincts to navigate this dynamic landscape. Making informed decisions builds experience and keeps costly mistakes at bay, especially when diving into areas like automated minting.
Remember, investing should add meaning and richness to your life. If crypto sparks that excitement for you, now's the perfect time to jump in. The crypto market is a major financial force, swayed by global economic trends and big financial systems. Don't let the chance to ride the Bitcoin wave slip away!
Invest wisely, make your mark, and let crypto illuminate your future.
#Write2Earn! #BinanceBlockchainWeek #CryptoMarketMoves #BlackRockETHOptions #BinanceLaunchpoolDOGS
{spot}(BTCUSDT)
{spot}(ETHUSDT)
Analyzing futures market metrics for Ethereum provides valuable insights that complement traditional price analysis. This chart highlights the Taker Buy Sell Ratio, one of the most significant futures market indicators. It measures the aggregate aggressiveness of buyers versus sellers in executing orders.
Recently, the Taker Buy Sell Ratio plummeted to its lowest levels in months, signaling substantial selling pressure in the market. However, the metric has since begun to recover, showing a slight uptick. This suggests that buyers are attempting to push Ethereum's price above the critical $2.8K resistance level. If this upward trend in the ratio continues, the current retracement phase may extend in the short term. Monitoring this metric closely in the coming days will be crucial for predicting Ethereum's next price movements.
$RARE Urgent Updates
đ [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) đ
RARE has experienced a recent price surge, rising from a low of 0.23 to a high of 0.274, representing a gain of over 19%. The current price is trading near 0.243, indicating a potential consolidation phase.
Key Levels:
- Support: 0.23 (recent low)
- Resistance: 0.274 (recent high)
Trend Analysis:
The short-term trend is bullish, but the current price action suggests a potential pullback or consolidation. The price is trading below the recent high, indicating a loss of momentum.
Technical Indicators:
- Relative Strength Index (RSI): 50 (neutral territory)
Summary:
RARE is experiencing a bullish trend, but the current price action suggests a potential consolidation phase. The RSI is in neutral territory, and the Bollinger Bands are contracting, indicating decreased volatility. Traders should watch for a potential break above 0.25 or a pullback to 0.235 before considering further positions. The next resistance level to watch is 0.28.
#RAREBULLISH #Write2Earn! #BinanceLaunchpoolDOGS
#MtGoxRepayments
#pepe⥠$SUN
$FET /USDT analysis and bullish prediction
Current price: $1.281 (+19.61%)
Analysis:
$FET /USDT is currently in a strong uptrend, as evident by the series of green candles on the 4-hour chart. The price has seen a significant surge, breaking through previous resistance levels and moving closer to the next key resistance zone. The momentum appears strong, supported by increased volume, indicating that bulls are in control of the market.
Prediction:
Given the current momentum, $FET /USDT is likely to continue its bullish run. The next resistance level is expected around $1.300, and if it breaks this level, the price could aim for higher targets in the $1.350 - $1.400 range. However, traders should be cautious as the rapid rise might lead to a short-term pullback before continuing the upward trend.
Signals:
- Long trade: Enter above $1.283 with targets at $1.300, $1.350, and $1.400. Place a stop loss at $1.250 to manage risk.
- Short trade: Consider entering below $1.250 if thereâs a pullback, targeting $1.200 and $1.150 with a stop loss at $1.283.
Note: Keep an eye on market conditions and be ready to adjust your strategy as the situation develops. This is a high-volatility scenario, so ensure you manage your risk accordingly.
#Write2Earn! #TraderRai #MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole
{spot}(FETUSDT)
Sony Develops Ethereum Layer-2 Blockchain Named Soneium đđ
Japanese tech giant Sony has announced its venture into blockchain by building its own Layer-2 Ethereum network using Optimism's OP Stack infrastructure.
More and more traditional companies are entering the exciting world of blockchain. On the morning of August 23, 2024, Sony revealed plans to develop their own blockchain.
The new blockchain, named Soneium, is an Ethereum Layer-2 solution leveraging the technology from Optimismâs OP Stack. Soneiumâs testnet is expected to launch in the coming days, enabling users to trade on Ethereum networks with lower fees.
đ± Worldcoin in Hot Water: Colombia Says "Not So Fast!"
Hey, crypto fans! đ We've got some drama brewing in Colombia, and itâs all about Worldcoin, the crypto project from Sam Altman (yes, the OpenAI guy!). Hereâs the scoop:
What's Happening?
Worldcoinâs been busy in Colombia, collecting peopleâs data with this sci-fi-looking device called the "Orb" in 25 locations, including big cities like BogotĂĄ and MedellĂn. But Colombia's watchdogs, known as the Superintendence of Industry and Commerce (SIC), aren't too happy about it. đš
The Problem?
The SIC thinks Worldcoin might be breaking some serious data protection rules. Theyâre investigating if the company followed the law when collecting sensitive info. If Worldcoin's found guilty, they could face fines, get shut down temporarily, or even permanently! đŹ
Why It Matters
This isnât just a Colombia issueâother Latin American countries like Argentina are also giving World$coin the side-eye đ. Itâs a reminder that even the coolest crypto projects need to follow the rules.
So, will Worldcoin weather this storm, or will they have to pack up their Orbs? Stay tuned! âł
#WLDGrowth #SamAltman
{spot}(WLDUSDT)
$PEPE Urgent Updates
đ [VISIT MY PROFILE VOTE FOR ME AND CLAIM YOUR REWARD](https://www.binance.com/en/square/profile/maidah_aw) đ
PEPE has experienced a notable price increase, rising from a recent low of 0.0000079 to a recent high and current price of 0.0000093, representing a gain of over 13%.
Key Levels:
- Support: 0.0000079 (recent low)
- Resistance: 0.0000093 (recent high and current price)
The short-term trend has turned bullish, with a clear break above the previous resistance level. The price is currently trading at the recent high, indicating a strong positive trend.
Technical Indicators:
- Relative Strength Index (RSI): 60 indicating towards more high in few hours if rice break above 0.000010
PEPE is experiencing a bullish trend, with a moderate price increase in a short period. The current price is testing the recent high, and a break above this level could lead to further gains. However, the RSI is in overbought territory, suggesting a potential pullback. Traders should watch for a potential pullback to 0.0000085 before considering further long positions. The next resistance level to watch is 0.0000100.
#BTCâ #Write2Earn! #BinanceLaunchpoolDOGS
#MtGoxRepayments
#pepe⥠$SUN
$SOL Analyse Updates
how is everyone?
Since yesterday, the market has been like a baby that has just recovered from an illness, and it has started to jump up.
BTC is doing better than I expected, but it will still be in the wedge channel for a while.
Let's take a look at SOL today.
First, I saw the 1-week chart(pic 1). SOL is trapped in a channel like BTC, but the good thing is that SOL is more positive. We are waiting for the day when it breaks through the channel. If it succeeds, it will achieve a leap.
So let's not talk about things too far away, let's continue to talk about the current situation. SOL is in the middle of the channel. This place is critical because it has many possibilities and may continue to rise or fall.
Let's take a look at the 1-hour chart of SOL(pic 2). Do you see the black line in the middle? That is about 50%. SOL is trying to stand proudly on this key support line. But it may take some time.
Finally, let's look at the 15-minute chart(pic 3). Sellers have entered and are fighting a price war with buyers. It is certain that the price of SOL will drop a little, but don't be disappointed, it is to go higher and further.
So, at this moment, it is a good opportunity to short. But, it is just now.The main line of SOL is may still rising.
I hope it will help your analysis. But every trader is not very sure, we only say the possibility.
The rest of the research still needs you to complete further according to your own trading style.
As usual, let's wait and see.
{future}(SOLUSDT)
#Solana_Blockchain #solonapumping #BinanceSquareFamily #CryptoMarketMoves #Write2Earn!
**Ether Price Eyes Potential Surge Amid Mixed Analyst Predictions**
Ether (ETH) is showing signs of a potential rise to levels not seen since the launch of spot Ether ETFs in July. Currently trading at $2,758, a weekly close above $2,800 could propel ETH towards $3,500-$3,600, according to crypto analyst Matthew Hyland.
However, Real Vision's Jamie Coutts notes that network activity needs to pick up for a significant rally, as fees are at 4-year lows. On the other hand, Khelp Financial's Boomer Saraga believes Ethereum's fundamentals are strong, expecting the price to follow.
Despite these optimistic views, Ether has been in a downtrend, dropping 19.72% since July 25. Veteran trader Peter Brandt sees two possible scenarios: a rise above $2,960 or a drop to $1,650.
Stay tuned as the market watches for Ether's next move.
đ±đ„Top 2 Altcoins with big breakout potentialđ
TRON: Paving the Way for a Content Creator Revolution
TRON (#TRX ) is a digital currency that started to stand on its own from Ethereum in 2018. The goal is clear: give content creators more control over their work and get them paid fairly. By using TRON, creators can earn digital rewards directly from their audience. This removes the middlemen like YouTube or Facebook, which often take a big cut. Developers can build apps on $TRX , similar to Ethereum, without worrying about high fees. This makes TRON appealing for creating and sharing content freely. Investors might see potential in TRON due to its focus on improving how digital content is shared and monetized in our online world.
$MANTRA to Lead the Next Bull Run in Altcoin Season
#MANTRA is a blockchain focusing on security and regulatory needs. It is designed for institutions and developers. It supports applications that require permissionless operation yet comply with real-world rules. Built on the Cosmos SDK, it integrates well with IBC and offers support for CosmWasm. Security is ensured through a PoS validator set. It can handle up to 10,000 transactions per second, making it scalable. It has built-in tools for creating, trading, and managing compliant assets. Users can expect a smoother experience when joining Web3. Investing in MANTRA could mean supporting a system that balances openness with regulatory compliance, appealing to both financial institutions and the growing Web3 community.
{spot}(TRXUSDT)
#altcoins #binance