#Shibburn data shows that the burn rate for $SHIB surged 56 | Steven Walgenbach on Binance Square

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Steven Walgenbach

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#Shibburn data shows that the burn rate for $SHIB  surged 567% as 121,210,538 tokens were burnt over the last 24 hours.

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Steven Walgenbach

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Olas Predict: Revolutionizing Future Predictions with Decentralized AI

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Good first day at #BinanceBlockchainWeek. In addition to seeing a Tesla Cyber truck at the front door, I also got to find out about the emerging trends in the #crypto space from big players like market maker Wintermute, as well as Coin Bureau, the co-founder of FDUSD and of course Binance. Most of the trends fall under tokenization, with stablecoins and the monetization of #ai agents being the two I'm excited about. Gaming is also being seen as one of the major catalyts for Web3 adoption that could bring the next wave of users on chain. Prior to this it was just meme coins. Web2 and tradfi still seem to be dragging their feet a bit when it comes to adoption, but the launch of crypto #ETFs is a major step forward, which is the general consensus here. There has also been calls to rescue #Ethereum from becoming the Blackberry of blockchain. Overall, excited about the progress in regulatory clarity. However, it still seems there's a fair amount of work to be done to legitimize crypto.

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SUI Holds Steady Amid Mixed Signals: Key Levels and Indicators to Watch for Traders The $SUI price analysis on the 1-hour chart reveals a mixed sentiment among buyers and sellers, indicating a competitive market. Key resistance levels are identified at $1.7992, $1.8381, and $1.8415, while support levels are found at $1.776, $1.757, and $1.7199. These levels are crucial for traders to monitor as they may influence potential entry points. The analysis of the Exponential Moving Averages (EMAs) shows the 9 EMA slightly above the 20 EMA, suggesting a slight bullish edge. However, the proximity of these EMAs indicates that any increase in selling pressure could lead to reversals. The MACD analysis indicates a positive momentum, but a slight downward trend raises concerns about waning bullish strength. The Relative Strength Index (RSI) remains around neutral levels, hinting at a mild bullish undertone. For potential trading strategies, long positions may be considered if support holds above $1.776, targeting resistance at $1.7992. Conversely, short positions could be viable if the price fails to break above $1.7992, especially if the MACD crosses bearish. Overall, the #SUI market is in a consolidation phase, requiring traders to remain vigilant regarding key price levels and momentum indicators.

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Solana (SOL) Shows Bullish Potential as Key Resistance Nears on 1-Hour Chart The technical analysis of $SOL indicates a potential upswing, despite mixed signals on the 1-hour chart. Recently, Solana (SOL) has fluctuated between key support and resistance levels, with closing prices suggesting consolidation near immediate resistance at $175.62. This level is crucial for confirming bullish momentum, as a sustained move above it could lead to testing the secondary resistance at $178.74. Conversely, failure to maintain momentum could result in a retracement towards support levels at $171.9 and $171.77. The analysis of moving averages shows a positive short-term sentiment, with both the 9 EMA and 20 EMA trending upward. The 9 EMA being above the 20 EMA indicates a potential bullish crossover, which may attract buyers if #SOL remains above the 9 EMA. The MACD also presents a bullish outlook, although a slight weakening in momentum is noted. The Relative Strength Index (RSI) suggests that SOL is nearing overbought conditions, currently positioned in a neutral-bullish range. #Solana

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$TON Price Poised at Crucial Levels: Will Bulls or Bears Take Control? The analysis of the #TON 1-hour chart reveals a period of consolidation, with prices fluctuating around the $4.95 mark and exhibiting slight bearish tendencies. Key resistance levels are identified at $4.976, $5.117, and $5.124, while support levels are noted at $4.913, $4.845, and $4.776. The current price action indicates mild volatility, with no clear bullish or bearish breakouts confirmed. Technical indicators provide mixed signals. The Exponential Moving Averages (EMA) show the 9 EMA trending above the 20 EMA, suggesting a potential bullish setup, though the narrow gap indicates indecision. The MACD reflects a minor bullish divergence, but the histogram values suggest weak momentum. Meanwhile, the RSI is in a neutral to slightly bullish zone, indicating mild buying pressure without reaching overbought or oversold levels. Potential price movements indicate that if TONUSDT breaks above $4.976, it could target $5.117 and $5.124, signaling a bullish continuation. Conversely, failure to maintain above $4.95 could lead to a retest of lower support levels. Traders are advised to consider entry and exit strategies based on these key levels, with long positions favored above $4.976 and short positions considered below $4.95. Overall, the analysis emphasizes the importance of monitoring EMA and MACD alignment for early trend signals. #toncoin

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