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#TAO #supply and demand #bittensor $TAO Hey, guys, expectations and reality part 2. Stay tuned.
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#AI #FET #AGIX #NEAR Elon Musk's startup xAi has raised an additional 6 billion in funding from institutional investors, before that the company's capitalization was already 18 billion. Against this background, NVIDIA shares have updated their ATH and reached $1150 per share, as well as last week was announced a 1-to-10 stock split, and often the pattern after the split is unloading and correction. But we may see some upward movement of 5-10%. Crypto instruments aphelated with this industry may follow. AGIX may still correct, but after that it will return to $1.5 zone, key support is below $0.6. FET could also move down further to the $1.8 zone and then recover to the $3.5-4 zone, support zone is at $1.5. NEAR looks already corrected enough, targets in case of trend continuation $10-12. Key support is below $6. You can also take a closer look at alts from this sector with smaller capitalization, if the topic is interesting let me know by liking, I will make a selection. Always DYOR. Stay tuned.
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#LRC #Loopring $LRC Hey, guys, today we're looking at the altcoin Loopring (LRC), DEFI. The coin is trading in consolidation, within the confines of a bearish candle, after resetting on April 13. A break of the 0.29-0.3 zone, will give potential again to the upper boundary of the last high to the 0.45-0.5 zone. Cancel the scenario and the stop zone is below 0.23. DYOR. Stay tuned.
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#BTC #Bitcoin $BTC Hey, guys, this is the weekly bitcoin update. In the last update, I talked about the smart money continuing to buy and that the move would go higher, with targets of 69-70k, targets fully met and even exceeded, price was projecting the 72k zone. Last week was positive for the market - etherium ETFs were approved, a cryptocurrency law was passed in the U.S., which may give the right to financial institutions such as pension funds to buy and store cryptocurrencies, as well as all week the inflow of money into bitcoin ETFs did not weaken and the amount of inflow amounted to about 1 billion dollars. Seasonal analysis of bitcoin shows that June and July are pretty good months and 60% closed above the open. Technically, the week closed well and the price is trading near the upper boundary of the global sidewall. Now the instrument may start consolidating to “accumulate gasoline”, for further breakdown of 72k. The key support is below 64k, where the main buyer's volumes passed, which pushed the movement and in case of going below, the uptrend will be broken. Therefore, for the continuation of growth it is important that the price remains above this zone. Always DYOR. Stay tuned.
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#ETHETF #BTC Hey, guys, this week is filled to the max with non-verbal interventions in the cryptocurrency market. Let's take another look. 1. the White House blocked the creation of a CBDC for the federal reserve system- This is a kind of Everton window I think, first you spread rumors, then you talk about it openly, then you ban it, and the next step? 2- The hype around the adoption of etherium ETFs- SEC approved all applications. 3. hype around the repeal of the FIT21 law - prohibiting financial institutions such as pension funds to buy, store cryptocurrencies, for reference in the U.S. pension funds are about 20 trillion, if a small part of it starts to go into crypto, you, I think, understand what it will lead to. If I missed something, please correct me. Stay tuned.
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