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A 143% boost for Chainlink? Why the next few days are crucial for LINK Chainlink’s symmetrical triangle pattern suggested a potential bullish breakout.Breaking the $16 resistance could lead to a significant price surge, with a target price of $37.278.Chainlink [LINK] traded at $13.42 at press time, marking a 3.07% increase in the last 24 hours, according to Coingecko.A clear symmetrical triangle pattern has emerged on the weekly timeframe, drawn from the $22.87 highs on the 11th of March to the $11.01 low on the 1st of July. This pattern suggested a high probability of a bullish breakout. Meanwhile, Crypto analyst Ali on X (formerly Twitter) highlighted that the TD Sequential presented a buy signal on the 4-hour chart, adding to the bullish sentiment. If LINK manages to break through the $16.0 resistance level, a surge of up to 143% is anticipated, projecting the price to approximately $37.278. This potential breakout could mark a significant upward movement for the coin, reflecting a strong market interest and confidence in Chainlink. Technical analysis and resistance levels LINK has faced resistance at the $13.66 level throughout Q1 and Q2, extending the correction move to the trendline support of $12.08. Recently, LINK bounced off this support and traded higher at $13.42, aligning with key moving averages (EMA 20/50/100/200). If these levels hold, LINK could rally by 27.6% to retest the weekly resistance at $16.22. At the time of writing, the Relative Strength Index (RSI) on the daily chart has dipped just below the 50 mid-line, while the Awesome Oscillator (AO) is following suit. For a bullish comeback, both indicators must stay above their mean levels. A sustained rise in these indicators would provide a strong boost to the recovery rally, potentially leading LINK towards the $16.22 resistance level. Potential downside and key price levels Despite the bullish outlook, if LINK’s price closes below $11.04 on the weekly chart, it could invalidate the bullish theme. #writetoearn #write2earn #Link #BinanceTurns7
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BUY SIGNAL , 🚀 #CFX BUY MARKET PRICE ,,,, TARGET'S ,,,, 1) 1605 🎯 2) 1640 🎯 3) 1700 🎯 4) 1750 🎯 STOP LOSS ,, 1430 LEVERAGE , 20× ⚠️USE *10%-20 % MARGIN* OF TOTAL PORTFOLIO ONLY. *STAY SAFE* #write2earn #writetoearn #BinanceHODLerBANANA #signaladvisor $BTC
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Tether Mints $1B USDT on Tron Without Transaction Fees A blockchain-enabled platform, Tether issued $1 billion in new USDT tokens on Tron, boosting its stablecoin supply without paying transaction fees. This move aligns with the rising trend in stablecoin market cap since June 29, as reported by Arkham and Nansen.Despite this substantial issuance, blockchain analytics firm Nansen has indicated that it’s challenging to predict whether this will directly lead to price increases in the broader crypto market. Nansen’s analysts point out that various factors, including decentralized exchange volumes, address statistics, and off-chain data such as ETF flows and macroeconomic policies, influence market dynamics. Currently, the stablecoin market cap has exceeded $160 billion after a period of stagnation, according to Nansen. This growth highlights the rising user demand for stablecoins like Tether’s USDT, along with other major players such as Circle’s USDC, Maker’s DAI, Paxos’ PYUSD, and USDD. While the increase in stablecoin supply is generally seen as bullish, experts advise caution. They note that many variables affect crypto prices and that stablecoin issuance alone may not signal immediate price changes. The crypto market remains in a wait-and-see phase as it assesses whether these stablecoin trends will translate into sustained price movements. As the market evolves, keeping an eye on stablecoin trends and related factors will be crucial for understanding potential future movements in cryptocurrency prices. #writetoearn #write2earn #TrxUstd #BinanceTurns7 #Bitcoin_Coneference_2024
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Major Whale Move: $41.4M in $SOL Withdrawn from Binance—What’s Next for Solana? Two whales have withdrawn $41.4M worth of $SOL from Binance, signaling potential shifts in market dynamics.Solana is trading at $177.59, positioning it between key resistance and support levels, indicating market uncertainty.With an RSI of 63.47 and the MACD above the signal line, Solana shows short-term bullish momentum.According to Lookonchain’s recent X post, the cryptocurrency market witnessed significant movements in Solana ($SOL). The move involved two major whales withdrawing a substantial 238,893 $SOL, equivalent to $41.4 million, from Binance. This large-scale withdrawal and subsequent staking of $SOL highlight notable shifts in the market and potential impacts on Solana's price. At press time, Solana is trading at $177.59, with a 24-hour trading volume of $2.98 billion. This recent activity suggests a complex market sentiment, influenced by various factors including technical indicators and key support and resistance levels. #write2earn #writtoearn #Sol #signaladvisor
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XRP and Toncoin Surge as Bitcoin Crosses $66K and Ethereum Dips Bitcoin's dominance rises to 51.78% while overall crypto market cap drops by 0.85% to $2.53T.XRP surges 5.83% to $0.627567, with trading volume hitting $1.80B amid strong investor confidence.Top gainers include Undeads Games (+29.4%) and DEAPcoin (+29.2%), reflecting robust market interest.Bitcoin continues its impressive performance, trading above $66,000. This marks a significant milestone for the leading cryptocurrency, maintaining its dominance in the market. As Bitcoin holds steady, the broader cryptocurrency landscape presents a mixed picture, with key players like XRP, Toncoin, and Ethereum moving in different directions. As per CryptoRank’s recent analysis, Bitcoin's market dominance now stands at 51.78%, reflecting a slight increase of 0.12%. This solidifies Bitcoin’s position as the leading cryptocurrency, even as the overall market capitalization of cryptocurrencies has decreased by 0.85% to $2.53 trillion. The Fear & Greed Index, currently at 69, signals a state of greed in the market, which often leads to increased volatility. In contrast to Bitcoin's stability, Ethereum has experienced a slight downturn. Trading at $3,465.36, Ethereum has dropped by 0.76% over the past 24 hours. The total trading volume for Ethereum has been substantial, reaching $20.55 billion. This decrease comes amid a broader market adjustment, reflecting changing investor sentiment towards the leading smart contract platform. #writetoearn #write2earn #ETH_ETFs_Trading_Today #ETH_ETFs_Approval_Predictions
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