$CHR
{spot}(CHRUSDT)
{future}(CHRUSDT)
The #CHR/USDT pair is currently trading at $0.1900, showing a modest increase of 0.48% in the last session. The price is approaching resistance at the 200-period moving average (MA) around $0.1934, which is a key level to watch for potential bullish momentum. The Relative Strength Index (RSI) is at 66.09, indicating that the market is nearing overbought conditions but is not yet in the overbought territory. The Moving Average Convergence Divergence (MACD) shows a positive histogram, suggesting that bullish momentum is currently present.
Bullish Scenario:
If CHR/USDT can break and sustain above the $0.1934 level (200-period MA), it could signal a continuation of the upward trend. In this scenario, traders might target higher resistance levels at $0.2100 and $0.2200 as potential upside targets.
Bearish Scenario:
On the other hand, if the price fails to break above the 200-period MA and reverses, this could indicate a resumption of bearish pressure. A decline below the support level at $0.1800 might lead to a further drop towards $0.1700, where buyers could potentially re-enter the market.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research before making any investment decisions.
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đąđąNext month, Dogecoin's price is expected to remain volatile, influenced by broader market trends and any significant news related to cryptocurrencies. If the overall crypto market continues its current bullish momentum, Dogecoin could see a moderate rise. However, if Bitcoin or Ethereum faces downturns, Dogecoin might experience a drop. Some analysts suggest that Dogecoin could hover between $0.06 and $0.08, with potential spikes if there is a resurgence in retail investor interest or social media hype. On the downside, lack of significant developments or negative market sentiment could push Dogecoin toward the lower end of this range.#DogecoinCommunity #DogecoinDay #DogeStrong
đđ $BTC Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, $ETH , the second-largest asset, saw its dominance decline by 1.5%, remaining relatively stable over the past two years.
In contrast, Stablecoins and the broader Altcoin sector experienced more significant declines of 9.9% and 5.9%, respectively.
đ Bitcoin Dominance: 38.7% (Nov 2022) â> 56.2% (Current)
đ”Ethereum Dominance: 16.8% â> 15.2%
đąStablecoin Dominance: 17.3% â> 7.4%
đŁAltcoin Dominance: 27.2% â> 21.3%
{future}(BTCUSDT)
{future}(ETHUSDT)
â ïžBreaking Updates Regarding $RENDER $ASTR $INJ
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RENDER (Render)
New Support: $4.50
New Short-Term Target: $5.50
RENDER has surged to $5.00, representing a 10.57% gain. The new support level is established at $4.50, indicating a potential continuation of the uptrend. The new short-term target is $5.50, suggesting a possible price increase. Analysis: Consider buying RENDER if it holds above $4.80, with a target of $5.50. Stop-loss at $4.20.
ASTR (Astar)
New Support: $0.065
New Short-Term Target: $0.075
ASTR has increased to $0.0706, representing a 10.14% gain. The new support level is established at $0.065, indicating a potential bounce. The new short-term target is $0.075, suggesting a possible price increase. Analysis: Consider buying ASTR if it holds above $0.069, with a target of $0.075. Stop-loss at $0.061.
INJ (Injective)
New Support: $19.00
New Short-Term Target: $22.00
INJ has risen to $20.60, representing a 10.10% gain. The new support level is established at $19.00, indicating a potential continuation of the uptrend. The new short-term target is $22.00, suggesting a possible price increase. Analysis: Consider buying INJ if it holds above $20.20, with a target of $22.00. Stop-loss at $18.50.
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$ETHFI
{spot}(ETHFIUSDT)
{future}(ETHFIUSDT)
The ETHFI/USDT pair is currently trading at $1.501, with a 0.54% increase in the last session. The price is approaching a significant resistance level near the 200-period moving average (MA) at $1.741. The Relative Strength Index (RSI) is at 63.93, indicating that the market is slightly on the bullish side but not yet overbought. The Moving Average Convergence Divergence (MACD) shows a positive histogram, which points to a potential continuation of the current upward momentum.
Bullish Scenario:
If ETHFI/USDT can break and sustain above the $1.741 level (200-period MA), it could confirm a bullish breakout. Traders might then target higher resistance levels at $1.800 and $2.000 as potential upside targets.
Bearish Scenario:
If the price fails to break above the 200-period MA and retraces, a decline below the support level at $1.400 could signal a continuation of the bearish trend. The next significant support level is around $1.200, where buyers might consider re-entering the market.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research before making any investment decisions.
#6thTrade #MarketSentimentToday #Market_Update #BecomeCreator #ETHFIđ„đ„đ„
đ±đđViking is ready for the journey: Floki (FLOKI) winked at the rally!
According to market data, $FLOKI
(#FLOKI ), one of the largest memecoins, has increased by nearly 18 percent in the last 24 hours.
Bitcoin (BTC) rose to $ 61,000. BTC, which gained more than 3 percent in the last 24 hours, has mobilized memecoins.
The general market value of memecoins that have gained momentum has approached 90 billion. The Floki (FLOKI) group has led the rise of memecoins.
The Viking-sized memecoin, launched on the Ethereum blockchain, has recorded a trading volume of close to 400 million in the last 24 hours. A bullish limit has formed for FLOKI, which is approaching resistance levels.
Floki (FLOKI) bells are ringing Floki (FLOKI), which has increased by nearly 20 percent in the last 24 hours, is about to catch bullish momentum. Stating that FLOKI has entered the radar of traders, he stated that the popular memecoin has exceeded the critical resistance zone.
Recovering from the $0.00011 support, FLOKI rose by 25 percent in a short time and managed to break the resistance zone between $0.00012 and $0.000132.
Will FLOKI be able to make a bull rally?
He suggested that FLOKI will continue its upward trend if it stays above $0.0013. He stated that if the target in question, which marks $0.00016 as the upper target, is exceeded, the power of the bull rally will gain.
It stands out as a resistance point where $0.00025 regions are concentrated. He stated that it is difficult to overcome the region in question and that the course of interest appetite will determine it.
Those who believe that FLOKI will explode made the following statements in the price analysis: âThe exact measurements in the analysis can confirm a 15 percent increase in FLOKI at the beginning. Memecoin is believed to rally above $0.00016 in the next few days, which could confirm a rally above $0.0002.
{spot}(FLOKIUSDT)
#FLOKIUSDT #memecoins #binance
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Shiba Coin Rise Continues đđ
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đ§§đ§§ $SHIB
{spot}(SHIBUSDT)
Shiba Inu (SHIB), one of the leading meme coins in the market, experienced a remarkable rise by being positively affected by the recovery in the cryptocurrency market. It is said that SHIB may be the scene of larger price increases in the future. Various indicators reveal the strength and potential gains of Shiba Inu.
Shiba Inu's X account shared a message of support for Neiro, a new dog-themed meme coin, about a week ago. It is said that Neiro is linked to the original Dogecoin creators and is therefore associated with the beginning of dog-themed cryptocurrencies. This sharing has sparked rumors that it can collaborate with Neiro and that it can significantly affect market value.
While these developments were happening, the price of Shiba Inu has shown a promising upward trend in the last 24 hours. The price of the meme coin moves between $0.000001421 and $0.00001355 and continues to trade at $0.000001415, up 3.57% on Thursday.
Shiba Inu price is currently facing significant resistance in the $0.000015 zone. It is stated that if this level is exceeded, the price may rise above $0.00002, and if the second level is exceeded, it may reach the level of 0.00000 dollars. This could open the door to a significant rise for SHIB investors.
The Moving Average Convergence Deviation (MACD) signals a bullish as the MACD line crosses the signal line. This chart state is generally considered a sign of upward momentum.
â Shiba Inu's potential for cooperation with Neiro
â Probability of Shiba Inu exceeding the current resistance level
â MACD signals are positive
However, it should be noted that if SHIB fails to overcome the resistance and continues its downtrend, the price may decline to the $0.000014 zone and fall as low as $0.000013 in adverse market conditions.
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Beefy's Q2 Report has been released and it's amazing!
Key highlights include:
âŹïž $1,623,113 in revenue across all categories, up 74.9% from Q1
âŹïž $965,546 income from fees on vaults and CLMs, with an additional $87,911 from other revenue sources
âŹïž $357,905 of adjusted net income - our primary profitability metric - up from $3,419 last quarter
âŹïž $523,817 in governance incentives for $BIFI holders
âŹïž $6,692,687 in total treasury assets at the end of Q2
Q2 saw a huge amount of progress, much of which is still making its way through the markets and into our financial records.
Check out the report below for all the details. It's an amazing time to be bullish!
2024 Q2 Quarterly Report:
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$ONG
{spot}(ONGUSDT)
{future}(ONGUSDT)
The #ONG/USDT pair is currently trading at $0.3099, showing a slight increase of 0.10% in the last session. The price is encountering resistance near the 200-period moving average (MA) at $0.3096, indicating that the price action is testing a critical level. The Relative Strength Index (RSI) is at 55.75, which suggests that the market is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) shows a positive histogram, pointing to a potential weakening of bearish momentum.
Bullish Scenario:
If ONG/USDT can sustain above the $0.3096 level (200-period MA) and continue its upward movement, it may confirm a bullish breakout. Traders might then target higher resistance levels at $0.3200 and $0.3400 as potential upside targets.
Bearish Scenario:
Conversely, if the price fails to break and hold above the 200-period MA and declines below the support level at $0.3000, this could signal a continuation of the bearish trend. The next significant support level is around $0.2800, where buyers might consider entering the market.
Disclaimer:
This analysis is for educational purposes only and should not be considered financial advice. Always perform your own research before making any investment decisions.
#6thTrade #CryptoMarketMoves #BecomeCreator #MarketSentimentToday