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💡Don't miss the great buy opportunity in ETCBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (0.000269). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . ETCBTC is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 0.000418 TP2= @ 0.000494 TP3= @ 0.000603 TP4= @ 0.000750 TP5= @ 0.000926 TP6= @ 0.001100 TP7= @ 0.001354 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_ME
2
Don't miss the great buy opportunity in ETCUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (6.35). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . ETCUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 52. Take Profits: TP1= @ 6.58 TP2= @ 6.80 TP3= @ 7.05 TP4= @ 7.30 TP5= @ 7.65 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex trader ? Now, It's your turn ! Be sure to leave a comment let us know how do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
BINANCE:ETCUSDLong
by ForecastCity_ME
9
ETH / USD Price Analysis: Losing ChargeETH / USD Short-term price analysis Ethereum has a bearish short-term trading bias, with the cryptocurrency now trading below its 200-period moving average on the four-hour time frame. The four-hour time frame shows that a bearish head and shoulders pattern has taken shape, with the ETH / USD pair now testing towards the neckline of the pattern. Technical indicators are bearish on the four-hour time frame and continue to generate sell signals. Pattern Watch Traders should note that the downside target of the bearish head and shoulders pattern on the four-hour time frame extends towards the $125.00 level. Relative Strength Index The RSI indicator on the four-hour time frame has turned bearish, although it is attempting to correct from oversold territory. MACD Indicator The MACD indicator on the four-hour time frame has turned bearish and continues to issue a sell signal. ETH / USD Medium-term price analysis Ethereum retains a bullish medium-term trading bias, with the ETH / USD pair still trading above its trend defining 200-day moving average. The daily time frame is still showing a valid inverted head and shoulders pattern, although the ETH / USD pair has now fallen below the neckline of the bullish pattern. Technical indicators on the daily time frame have turned bearish and have scope to correct even lower. ETH / USD Daily Chart by TradingView Pattern Watch Traders should note that the inverted head and shoulders pattern on the daily time frame has yet to reach its overall upside target of $230.00. Relative Strength Indicator The RSI Indicator on the daily time frame has turned bearish and shows scope for further downside. MACD Indicator The MACD indicator on the daily time frame is bearish, with both the MACD histogram and the MACD signal line issuing sell signals. Conclusion Ethereum is staging a strong short-term technical correction with the bearish head and shoulders pattern on the four-hour time frame suggesting that the ETH / USD could trade even lower. Ethereum still has the potential to trade higher over the medium-term if the inverted head and shoulders pattern on the daily time frame remains valid.
BITFINEX:ETHUSD
by CryptoBriefingTA
Ripple Long-Term ViewRipple(XRP/USD) Ripple Overview Ripple(XRP/USD) has suffered about 91+% correction(drop) since all time high-level price($3.3+) reached in January’18.It has seen significant upward movement in the month of September’18(110+%) and is now retesting a major support level. Let us continue to analyze price action for Ripple(XRP/USD) over the long term and proceed to highlight any potential areas of support and resistance moving forward. Long-Term Analysis (Monthly Timeframe) Scenario 1: Bullish (Uptrend) The bullish argument one can see on the XRP/USD chart is that it has been respecting the long-term trend-line(since July'17) pretty well. The trend-line was tested in September'18 which lead to a movement of 110+% upside. It is retesting again now and we might see an upside movement to the Resistance Zone 1 ranging from $0.63--$0.71 if the Support Zone from $0.16--$0.29 holds well. Support Zone is quite a strong area of bounce as its the previous year resistance now turned support. If Ripple held the trend-line then it might follow path "1" as specified in the chart. If it manages to close above "Resistance(Sell) Zone 1" then it will retest "Resistance(Sell) Zone 2" ranging from -$0.84--$0.98 within few months which might show some sign of bullish confirmation. Stochastic RSI is also in the oversold region with an upward trend. Scenario 2: Bearish (Downtrend) If the monthly candle(December) closes below $0.28 and the trend-line doesn't hold up then we might follow the path "2". If the trend-line is broken with strong sell volume then the trend-line will act as a strong resistance area to break in the future. Generally, if the trend-line is retested multiple times then it becomes weaker. Note: Monthly time frame charts illustrates the movement of price over a long-term horizon and are most often used by long-term investors. Short-Term Analysis (Daily and Weekly) Scenario 1: Bullish (Uptrend) The weekly chart of (XRP/USD) shows that the long downtrend line(red dotted) has been broken with significant buy volume showing bullish signs. It tested the support zone and jumped 110+% in September'18 proving this zone to be strong support. If this support zone held in the coming weeks/month then we might retest the Resistance Zone 1 ranging from $0.58--$0.70. We get the confirmations of the next bull cycle only if the Resistance zone 2 ranging from $0.88-$1 is broken with significant buy volume. Scenario 2: Bearish (Downtrend) If the support zone is broken with significant sell volume then we might test area of $0.07-0.14$ price levels and support zone will act as a strong resistance area to be broken in the near future. News and event analysis: One of the major catalyst which happened in the past that, 42nd President of the United States Bill Clinton was a keynote speaker in the Swell conference held in the October'18. Many banks are experimenting with its Ripple network(xRapid) for money transfer across borders. There is still decision to be made by SEC(USA) authorities whether or not Ripple is security. Conclusion: Ripple remains in 2nd position, in terms of overall market cap rankings along with Bitcoin and Ethereum. The 65-month-old coin is now experiencing its first bear market and has already corrected enough(91% down) to commence its new bull cycle in coming weeks/months. People likely showed interest in Ripple as it offers a cheap alternative in terms of asset price when compared to bitcoin and other crypto assets with good fundamentals. The only concern lies with Ripple is of categorizing it to be a Security which might lead to retail traders not able to participate in trading.
BITSTAMP:XRPUSD
by coinswitch-trading
ETC forming a possible bearish butterfly pattern.ETC EMERALD project is on its way and is a good sign to buy now. What Problems do the Emerald Project Solve? The first and most obvious problem solved by the Emerald Project is that there is currently no wallet for the Ethereum Classic community that verifies transactions for users in a trustless way. Other problems that the Emerald Project aims to solve is that there’s currently no common framework for developers to build dApps on Ethereum Classic, a lack of User Interface (UI) components, and no standard practices for 3rd party developers. As a result every Dapp developer has to reinvent the entire architecture and components for new dApps, reimplement methods to integrate with hardware wallets, and build individual support for Ethereum smart contract features and tokens. It’s very time consuming, expensive and it’s hard to integrate Ethereum into existing apps on the server/client side, because the RPC API provided by Geth/Parity is just too low level for most use cases. For more info. www.etcdevteam.com
Long
by ReddyShyamShankar
Jupiter Stabilizes At Lowes: Can JUP Be A Bullish Bet In SeptJupiter Stabilizes At Lowes: Can JUP Be A Bullish Bet In September? At the time of writing, Jupiter was exchanging hands close to $0.726, recording a bearish intraday development of 1.51%. The development activity curve was headed higher indicating recent updates and changes in the asset. Amid the broader market's turmoil, Jupiter price seemed to be stabilizing near the monthly support of $0.70. The broader market's weakness seemed to be impacting the price of altcoin and limiting its performance. For instance, In the recent sessions, Jupiter exchange disclosed borrowing fees for Bitcoin, Ethereum and Solana over their platform. Despite the positive news, JUP token's price has remained relatively muted in the last couple of sessions. It might be due to the increased investors' concerns after Bitcoin has loomed towards $56K and Ethereum has stepped below the psychological $2500 mark. However, the surge in the development activity and transaction volume suggests some sort of recovery round the corner. Let's analyze and try to find whether Jupiter may continue to follow market leaders and suffer more or can it stabilize and head for a recovery. Lowered Borrowing Rates Leaves Muted Impact On JUP Price Recently, Jupiter announced a reduction in borrowing rates for three major crypto assets after community feedback. According to a post by Jupiter Exchange on X (formerly known as twitter), the platform reduced the borrow rate per hour from 0.01% to 0.008% for Bitcoin, Ethereum and Solana. x.com Also, the reduction in trade open/close fee from 0.1% to 0.06% was announced by the platform. The community as well as several X users found it a positive news for the traders and investors. However, Jupiter price experienced muted impact following the news and has been on a consolidation near the support since then. However, the transaction volume has observed a significant growth over the last few sessions. The transaction volume has surged from $44 Million a day to $64 Million indicating a heightened demand. The volume to market cap ratio at 5.42% suggests low volatility in the crypto. Moreover, As per the data obtained from an on-chain analytics website app.santiment.net, a notable change was observed in the development activity of Jupiter. The development activity as well as the developers activity contributors count graph has surged indicating the crypto undergoing some changes and updates. Can Jupiter Head For A Recovery In September? From a technical point of view, Jupiter price was hovering below the key EMAs of 20, 50 and 200 days indicating a prevailing bearish trend. Also, the broader markets remain in the red zone with Bitcoin price sliding towards the $56K levels. However, the daily chart highlights the formation of a descending triangle pattern with an upper trendline acting as a resistance and psychological $0.7 level acting as a support. As of now, Jupiter was exchanging hands close to $0.70, registering a bearish intraday development of 1.51%. On the lower side, if Jupiter price breaks below the recent support of $0.7 level it may validate a breakdown and the price may resume its journey towards the lower support of $0.65 and $0.6 levels. On the contrary, the bulls need to surpass the trendline resistance in order to register a breakout over the daily chart. On a sustained breakout, Jupiter may resume its journey towards the higher supply of $1 level.
BITFINEX:JUPUSDLong
by Ritika_TCR
Bitcoin (BTC) technical and fundamental analysisBitcoin's price began to decline at the end of June due to news that the collapsed cryptocurrency exchange Mt. Gox is ready to repay its creditors. Additionally, the crypto market faced pressure from ETF outflows and miner capitulation. As a result, the BTC price formed a technical analysis pattern known as a Double Top. It has reached the first target of our previous overview - the 1H Imbalance zone. Currently, it is retesting the ascending trendline, which will determine the future direction of the price movement. If sellers push through and the price consolidates below the support level, we expect it to drop to the next targets - the 4H and 1D Imbalance zones. There are significant gaps in horizontal trading volume levels that need to be filled with trading activity. In the same range, the 0.61 - 0.78 Fibonacci retracement levels are located, where we anticipate the correction to end if it becomes deeper. For the resumption of growth, the price needs to consolidate above the EMA 50 4H dynamic resistance line and return above the Point of Control (POC) level. In this case, we expect a retest of the descending trendline resistance. 📉 Bitcoin market global analysis On the daily logarithmic chart, Bitcoin's price continues to move within the Expanding Wedge pattern and has also formed a Double Top pattern. If BTC's price breaks below the lower boundary of the Expanding Wedge during the retest, we expect the Double Top pattern to be confirmed with a movement corresponding to its height. The targets of this movement could be the 1D and 1W Imbalance zones, where we will anticipate a trend reversal and the resumption of growth. What could the next growth phase look like? Above the current ATH, there are no resistance levels based on historical data. Therefore, to determine growth targets, we will use trendlines, Fibonacci extension levels, and the analysis of large order block clusters in order books. We have a local ascending trendline that has been relevant since November 2023. Its test could occur at the 75,000 - 76,000 level, which is confirmed by a large block of pending orders. Higher, in the 80,000 - 90,000 range, lies the global trendline built on the peaks of the previous two Bitcoin cycles. Additionally, the 1.38 Fibonacci extension level is located in that area. The highest trendline is in the 1.61 - 1.78 Fibonacci extension range, and its test could start at the 100,000 level. 💠 Analysis of liquidity zones and levels The index of fear and greed is in the fear zone - 44. The total capitalization of the cryptocurrency market fell to $2089 billion, and the Bitcoin dominance index increased to 54.8. According to the analysis of the accumulation of large blocks of orders in the order books, the supply and demand zones are located at the following levels: 🟢 Demand zone: 50,000 - 56,000 🔴 Supply zone: 70,000 - 80,000 Levels for long positions: 55,000 - 57,000 - retest of the trend line and large support block 52,000 - 53,000 - large support block 50,000 - psychological level of support Levels for short positions: 70,000 - psychological resistance level 72,000 - large resistance block 75,000 - large resistance block 90,000 - global trend line 📊 Fundamental analysis Bitcoin's price started to decline in late June on news that the collapsed cryptocurrency exchange Mt. Gox, which failed in 2014, is ready to repay its creditors. If the creditors decide to sell the received bitcoins, their activity could put significant pressure on the cryptocurrency's price. Therefore, many market participants have decided to reduce the share of BTC in their portfolios in anticipation of the upcoming payouts. Outflows from bitcoin funds, which account for over 5% of the cryptocurrency's issuance, are putting pressure on Bitcoin. After the halving, the reward for mining each BTC was halved from 6.25 to 3.125 BTC. With declining income and depreciating savings, many miners are forced to sell accumulated coins, further creating pressure on Bitcoin's price. However, there are also positive expectations: In the next two weeks, a spot ETF on Ethereum may appear. Industry experts are confident that the launch of an Ethereum ETF will have a significant impact on the cryptocurrency market. SEC Chairman Gary Gensler recently stated that Ethereum ETFs are likely to emerge this summer. Due to the growth of the crypto industry in the US, candidates in the 2024 US presidential election are being forced to vie for the votes of the crypto community. Additionally, market participants are anticipating the Federal Reserve's long-awaited move to lower the key interest rate. According to Fed Chairman Jerome Powell, inflation in the US is slowing down. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 09.07, 15:30 - Speech by Jerome Powell on the economic situation in the USA. ➤ 11.07, 15:30 - Consumer Inflation Index (CPI) in the USA for June. ➤ July 25, 21:00 - US GDP for the 2nd quarter. ➤ 31.07, 21:00 - New decision on the Fed interest rate. 📈 Statistics of signals from our AI trading indicator: In June 2024, a correction began in the cryptocurrency market after prolonged growth. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all 5 signals have become profitable, and the built-in Anti-Flat System prevented losses from manipulative market movements. Total price movement by all signals: +27.03% Maximum price movement: +13.53% Average price movement: +5.4% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
1
Immutable Price Soars by 18%: A Bullish Turn in Sight?Immutable Price Soars by 18%: A Bullish Turn in Sight? Immutable recorded an impressive 18% surge in its intraday value, eclipsing the performance of major cryptocurrencies like BTC, ETH, and SOL. Immutable (IMX) was exchanging hands near a critical zone, surpassing this threshold may ignite its trajectory, potentially ranking it among the top gainers in the forthcoming weeks. The broader cryptocurrency market's resurgence is being propelled by significant gains in major cryptocurrencies, including Bitcoin, Ethereum, and Solana. Bitcoin has soared by over 5% to breach the significant $65,000 mark, while Ethereum and Solana have increased by 3.5% and 8%, respectively. Moreover, Immutable has eclipsed the performance of the leading cryptocurrencies with an impressive surge of nearly 18%. It stands on the brink of further gains if it can break through a key resistance level. As the trading session progresses, this could potentially lead to more substantial returns for investors. Let's analyze taking into account all relevant factors to determine if Immutable will continue to be among the top-performing cryptocurrencies in the coming weeks. IMX Crypto: Price DAA Divergence Takes The Lead Recent data from app.santiment.net reveals a promising trend, with the price and Daily Active Addresses (DAA) divergence indicator displaying positive movements in recent sessions, hinting at a potential shift in the broader trend. The indicator has shifted from neutral to bullish, suggesting an optimistic change in the overall sentiment. Moreover, DAA represents the count of distinct crypto addresses engaging with a specific cryptocurrency each day, either through sending or receiving transactions. A positive divergence between the price and DAA typically indicates an impending bullish trend. Therefore, DAA serves as a crucial on-chain metric for gauging user engagement and network activity, playing a vital role in assessing the value of a cryptocurrency. A 50% Upswing in Sight for Immutable if It Clears This Crucial Level The IMX cryptocurrency was currently tracing a rising parallel channel pattern on the daily chart. Recently, the price rebounded from the channel's lower edge, climbing 18% in a single day, aiming for the channel's upper boundary. At the time of writing, IMX was hovering in a critical area, close to its previous resistance level, the 50-day Exponential Moving Average (EMA), and the channel's upper boundary. A push beyond this area could signal a shift to a bullish trend and mark the end of the current correction. the crypto could register a growth of over 50% on a sustained breakout of $2.5 level. This upward movement is supported by a notable increase in trading volume, which lends further credibility to the potential breakout. However, should the price begin to fall back, it might suggest the continuation of the correction phase. Conclusion. The crypto market has been recovering, led by Bitcoin, Ethereum, and Solana, with Bitcoin crossing $65,000. Immutable (IMX) outshines them with an 18% jump, nearing a key resistance. Furthermore, Data from app.santiment.net website delivered a bullish price DAA divergence indicating the improved sentiment from neutral to bullish. At the time of writing, IMX was trading near the 50-day EMA and a channel's upper limit. A breakthrough could signal a bullish shift, potentially leading to over 50% growth if it surpasses $2.5. The price rise has been supported by comparative rise in the volume, but a price rejection from the crucial zone could indicate an ongoing correction.
CRYPTO:IMXUSDLong
by Ritika_TCR
1
ETH experienced growth recentlyIn recent times, the Ethereum network had experienced significant changes, with its price structure also showing notable fluctuations in line with the overall market. The recent Dencun upgrade, also called Cancun-Deneb, was rolled out a couple of weeks ago on Ethereum (ETH) with the aim of enhancing the functionality and performance of the network, (which includes scalability, efficiency, and security), by introducing several improvement proposals (EIP). Nevertheless, after this improvement, the value of Ethereum (ETH) has dropped, nearing the $3,000 price threshold. Despite the descending wedge pattern and a lower low structure, ETH experienced growth recently, with a 0.48% increase over the past day. As of the time of writing, ETH is priced at $3,077.5, as per Trading View data. ETH has experienced a 34.07% increase since the beginning of the year, as well as a 28.96% rise in the past three months, and has recently surpassed the $3,000 mark again. Based on the analysis, ETH is projected to hit a target of $3,240 and a higher target of $3,370 depending on buyer backing. Not rising could benefit bears, resulting in price declines to $2,895 and $2,740, respectively.
BITSTAMP:ETHUSDLong
by Sam_TCR
the price fell into a wedgeThe price action of Ethereum showed a massive upsurge in the past, which favored the bulls. The price rose from the demand zone near$1535 by the October 2023 support level and rallied spectacularly up to $4100 by March 11th, 2024. After reaching the peak, the price fell into a wedge and started making lower lows and highs after the 12th of March, as bulls lost their traction on the daily chart. Support Levels: On the downside, Ethereum has encountered support near the $3,066 level, with additional support levels at $3,030 and $2,830. A breach of these support levels might lead to further downside, with the price potentially testing the lower trend line of the wedge in the near term. Resistance Levels: Ethereum faces significant resistance levels, with the first major hurdle near the $3,250 mark. Beyond that, key resistance levels are observed at $3191, $3,288, $3,338, and $3,359. A breakthrough above these levels could signal bullish momentum, potentially driving the price toward the $3,681 and $3,751 resistance zones.
BITSTAMP:ETHUSDShort
by Sam_TCR
1
MATIC NEW PLAN 1D BULLISHThe price of Polygon (MATIC) is $0.562405 today with a 24-hour trading volume of $222,986,726.76. This represents a 0.97% price increase in the last 24 hours and a 1.35% price increase in the past 7 days. With a circulating supply of 9.3 Billion MATIC, Polygon is valued at a market cap of $5,244,059,951. Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. The EURONEXT:MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
MLong
by mudasnt
ETH/USDT:- Bullish Momentum Building Towards 1760-1770 Levels ?In this technical analysis, we delve into the current market trends of the ETH/USDT trading pair. The Ethereum cryptocurrency has shown promising signs of bullish momentum, with key buying and selling levels identified for traders to consider. Buying Area at 1760-1780 Levels:- Ethereum's recent price action reveals a strong support zone between the 1760-1780 levels. Traders looking to establish long positions can consider accumulating Ethereum within this range, aiming to capitalize on potential price appreciation. Price Targets at 1950-1960 Levels:- The ETH/USDT pair is exhibiting a promising uptrend, with price targets set at the 1950-1960 levels. It is essential to monitor price movements closely, as a sustained breach above this range could trigger further gains. Bullish Order Block Opportunity:- An intriguing opportunity arises from the presence of a bullish order block at 1760-1770 levels. This block signifies a strong demand area, highlighting the potential for upward price movement. Additionally, if the market corrects itself and ETH/USDT retraces to the 1650-1680 levels, astute traders can consider this a "buy for bag" opportunity. By staying informed about these key levels and potential opportunities, traders can position themselves for success in the dynamic world of cryptocurrency trading. Follow us on Trading View for real-time updates, in-depth analyses, and actionable insights to enhance your trading journey.
Long
by Un_trade
DOGECOIN vs SHIBA INU | Which one to buy?If you personally ask me which one of them to buy, I would say 'none'. They both are very risky, and are memecoins to be very particular. But still, if you want me to do the analysis on both, then continue reading this article. Dogecoin’s market capitalization is $35.04B currently, whereas Shiba Inu’s market capitalization is $34.77B as of now. Shib crossed Doge a few hours ago and went till $42B to become the 9th largest cryptocurrency in the world. Dogecoin was made for fun due to the circulation of a meme on the internet in 2013. But, Elon Musk has eyes on it, so it might make its fundamentals good. Whereas, Shib is a Decentralized Finance Network, they have a ShibaSwap too, for exchange of the currency. They take their tech from Ethereum Network. Shiba also claims to help the poor dogs with the money, but no proofs have been shown till now. They also donate to the society through the Amazon Smile initiative. The man behind Dogecoins’s survival is Elon Musk and his team. He claims that Tesla employees uses Dogecoins for transactions too. Whereas Shib used Ethereum’s founder in its initial days. They sent 50% of Shib’s produce to Vitalik (Ethereum’s founder), out of which 90% was burnt by him by sending into unknown wallets without keys, and the remaining 10% (around $1B) was donated to India’s Covid Relief Fund. The current whale behind Shib’s pump is assumed to be Shib’s founder, Ryoshi. The Twitter followers of Dogecoin’s official page are 2.3M, whereas Shib’s Twitter page has 1.7M followers. Level of risk is equal in both, which is very high. But, I think that Elon Musk might help Doge’s team in making it a better coin, whereas Shib is very speculative. So, out of these two, I would choose $DOGE as there is some trust because of Elon Musk, whereas Shiba Inu has so much pump left to be done. If you’re someone who likes to take big risks in return of big profits, you might go for $SHIB. DO CHECK OUT THE NEXT PUMP ON SHIB THROUGH THE LINK AT THE END OF THIS IDEA!
by theTAguy
Bitcoin (BTC): technical and fundamental analysis. Altseason.📈 Technical analysis BTC/USDT The Bitcoin price is trading within a narrowing price range, formed after an unsuccessful test of the major resistance block at $100,000, followed by a correction to the 0.23 Fibonacci retracement level and subsequent consolidation. This has resulted in the formation of a pattern known as a narrowing wedge, the breakout of which could indicate the next direction for BTC price movement. If buyers, supported by fundamental factors, manage to break through the psychological resistance level of $100,000, we can expect a strong upward momentum toward the next resistance zones at $110,000–$120,000 and a test of the global trendline resistance. Conversely, if sellers push the price below the $90,000 support block and establish themselves beneath the EMA 200 line, we anticipate a corrective move toward the 0.5–0.61 Fibonacci retracement levels. These levels coincide with Imbalance zones, where consolidations are needed to close gaps in horizontal volume levels. 📉 Bitcoin market global analysis. When does the altseason start? Bitcoin's dominance has begun a rapid decline, and we are currently witnessing an attempt to break out of a parallel price channel. If it manages to consolidate below the lower boundary of the channel, we can expect further declines in dominance, which would indicate the start of significant capital flows from Bitcoin to altcoins. What are Bitcoin's long-term growth targets? Above the current all-time high (ATH), there are no resistance levels based on historical data. Therefore, to determine growth targets, we will rely on trendlines, Fibonacci extension levels, analysis of large order block clusters in exchange order books, and, of course, indicators: Fibonacci Extension Levels: The nearest growth targets for Bitcoin are the 1.61 and 1.78 Fibonacci extension levels, which lie in the range of $104,000–$112,000. Global Trendline: The next target could be the global trendline drawn based on the peaks of the previous growth cycle. A test of this trendline might occur around the $120,000 level. RSI Analysis: The RSI indicator is currently about 18% away from its resistance trendline. Translating this to Bitcoin’s price chart, this corresponds to a range of approximately $114,000–$120,000. This is where a test of the resistance line may occur, as observed in all previous Bitcoin market cycles. 💠 Analysis of liquidity zones and levels The Fear and Greed Index remains in the Greed Zone at 76. The total cryptocurrency market capitalization has grown to $3.37 billion, while the Bitcoin Dominance Index has fallen to 56.18. According to the analysis of the accumulation of large order blocks in the order books, the largest blocks are at levels 100,000 and 120,000, and the supply and demand zones are located at the following levels: 🟢 Demand zone: 80,000 - 90,000 🔴 Supply zone: 100,000 - 150,000 Levels for long positions: 90,000 - psychological support level 88,000 - large support block 60,000 - large support block Levels for short positions: 100,000 - largest resistance block 110,000 - large resistance block 120,000 - 100,000 - ascending trend line of resistance 📊 Fundamental analysis In November, Bitcoin ETFs recorded an inflow of $6.1 billion—the highest monthly figure since the instrument's launch in January. This indicates growing investor confidence in the asset while favoring the security of regulated ETFs over direct BTC purchases. Record inflows into Bitcoin ETFs could support a BTC rally above $100,000. Ethereum and Altcoin Investment Trends Investment inflows into Ethereum (ETH)-focused products reached $634 million, pushing the total for this year to over $2.2 billion, surpassing the previous record of $2 billion set in 2021. Similarly, Ripple (XRP)-based crypto funds received record-breaking investments of $95 million. This surge may be linked to preparations for ETFs on other cryptocurrencies, potentially accelerating the onset of an altseason. Regulatory and Macroeconomic Developments SEC Leadership Announcement: Tomorrow, information may emerge regarding the new chair of the U.S. Securities and Exchange Commission (SEC), a key financial regulator overseeing the crypto market. Under current chair Gary Gensler, the SEC has intensified crypto market regulation. The appointment of a crypto-friendly commissioner could boost market sentiment and further support the start of an altseason. U.S. Labor Market Data: Labor market reports are set to be released this week, serving as a critical indicator for the Federal Reserve's monetary policy. A continuation of rate cuts by the Fed would likely bolster overall growth in the cryptocurrency market. 🌐 Upcoming Events in the Global Economy We expect increased volatility in both stock and cryptocurrency markets on the following dates: ➤ 12/04, 21:45 - Speech by Fed Chairman Jerome Powell. ➤ 12/06, 21:45 - US Unemployment Rate for November. ➤ 12/18, 21:00 - New Fed Interest Rate Decision. ➤ 12/18, 21:00 - US GDP (q/q) (Q3) ➤ 01/29/2025, 21:00 - New Fed Interest Rate Decision. 📈 Statistics of signals from our AI trading indicator: In November, the price of Bitcoin was in an upward trend. Our trading indicator, as always, warned about this in advance! And even during the flat period it gave good entry points. Thanks to the latest updates, all signals have become profitable, and built-in Anti-Flat System prevented losses from manipulative market movements. 😎 Total price movement by all signals: + 54.92% Maximum price movement: + 42.10% Average price movement: + 13.73% In addition, I would like to share the forecast of the latest Bitcoin price action by our AI, which not only indicates the direction, but also builds the trajectory of further price movement:
by TradeINEX
Baby Doge Coin Lifts Off 80% Amid Listing On Binance: What's NexBaby Doge Coin Lifts Off 80% Amid Listing On Binance: What's Next? Binance announced the listing of three new cryptocurrencies Baby Doge Coin, Turbo, and Neiro Ethereum Baby Doge Coin price gained a massive 86% following the listing announcement. Binance, the world's largest cryptocurrency exchange announced the listing of three meme coins Baby Doge Coin, Turbo, and Neiro Ethereum with an applied seed tag. The seed tag means over a cryptocurrency means that it will be monitored for 90 days. Following the announcement, BabyDoge's price exploded and was currently up over 86% in intraday. Despite the meme coin market trading in with a bearish bias, still, these new listing coins seemed to be in the top trending ones. Talking about the other two, Turbo has also benefited from being listed on Binance and was up over 23% at the time of writing. While the other two witnessed positive change in their price, NEIRO headed downwards losing 36% in intraday. BABYDOGE: Twitter Chatter Skyrockets Amid Binance Listing In a recent post on x (Formerly known as twitter), Binance posted listing of three tokens with an added seed tag. while trading of these tokens will start from today, however, the users will also be able to place withdrawal requests from Tuesday, 17th September. x.com The price as well as on-chain metrics of Baby Doge Coin noted a sharp growth following the announcement. As per Santiment, an on-chain analytics provider, the social metrics have noted an exponential growth amid the listing news on Binance. The social metrics includes social dominance and social volume and measures the change in influence of asset among the users on various social media platforms. Various social media platforms like X, Telegram etc. act as a medium for recent updates and developments going on in a cryptocurrency. An increased engagement of the users highlights a possible surge in demand which could fuel the asset price higher. Additionally, the intraday trading volume has surged by a massive 2686.5%. As a result the daily transaction volume has reached nearly 60% of the market cap suggesting high volatility. The intraday transaction volume was $214.8 Million against a total market cap of $303 Million. What’s next For Baby Doge Coin? following a 86% surge in Intraday, Baby Doge Coin price has reached at a three month high in less than a day. The price has pumped totally on the basis of sentiments however, one good thing that happened with the token was the trend shift to bullish territory. BABYDOGE price blasted in intraday leaving behind the 50 and 200 day Exponential moving average which were acting as a dynamic resistance earlier. The recent surge has flipped them turning into a support ones. On the higher side, if BABYDOGE breaches $0.00000000209 which is the intraday high it may again show strong upside rally as the community sentiments are higher. whereas, if the price stalls near the resistance the price may head for a profit booking as the short term traders have got good in intraday itself. The technical indicators RSI suggests a overbought condition at the moment which may trigger a profit booking among the investors.
CRYPTO:BABYDOGEUSDLong
by Ritika_TCR
Can Heightened Social Metrics Drive Momentum In NEAR ProtocolCan Heightened Social Metrics Drive Momentum In NEAR Protocol The social metrics have surged indicating a heightened user engagement in the asset. The daily chart highlights the formation of a declining channel pattern with the price hovering near the boundary. NEAR Protocol price has loomed back towards the recent demand of $3.5 level following the chaos in the broader markets. The Blue chip cryptocurrencies like Bitcoin and Ethereum are slipping towards the lows raising concerns about a further drawdown in the altcoins. At the time of writing, Bitcoin had wiped out nearly 2.9% in intraday and was headed towards the psychological level of $55K. Whereas, Ethereum traded near $2380 losing 2.8% a day. Moreover, the NEAR Protocol which had been in a correction phase for the last couple of months seemed to be stabilizing near the recent support amid the broader market's turmoil. Recently, the bulls attempted for a recovery which seemed to be vanishing after the broader market weakened. Despite all, few on-chain metrics are pointing towards a possible recovery in the asset's price. Let's analyze and try to find whether the drawdown may continue or a recovery is likely in NEAR. Social Metrics On the Rise: A Recovery is Likely? The recent sessions saw a price rejection from the higher levels amid the rising investor concerns in the broader markets. However, the analysts have observed a notable change in the social metrics and transaction volume which suggests a recovery might be round the corner. The social metrics is an on-chain data including social dominance and social volume. As per the analysts, the social metrics curve was observed to be headed upwards indicating the increasing participation of the social media users. The social activities including Twitter news, Twitter followers, and social volume (including active users of Telegram and Twitter) reflects how much it is talked about, valued, and sought after by the crypto community. Moreover, the transaction volume has increased from $130 Million a day to $160 Million at present suggesting a heightened demand in the asset. The volume to market cap ratio at 3.89% indicates low volatility in the crypto. With a live market capitalization of $4.2 Billion NEAR protocol ranks 20th in the cryptoverse. Bullish Or Bearish: Where Is NEAR Headed This Month? The daily chart highlights the formation of a declining channel pattern with the price hovering between the upper and lower boundary of the channel. For the Majority of August, NEAR Protocol's price hovered in a range bounded zone with $3.5 as support and $5 level as resistance. On the higher side, Near protocol has enough space till the psychological $7 level which is the upper boundary of the channel. However, it required a breakout above the psychological $5 level. The long term trend outlook is on the bearish side which may make it difficult for the bulls to overcome challenges on the higher side. Also, NEAR price hovers below all the key Exponential moving averages of 20, 50 and 200 days suggesting a weak trend outlook and more favorable condition for the sellers. On the lower side, if the price breaks below the $3.5 level it indicates a bearish continuation and may drag the price towards the $3 level. The RSI and 14 day SMA line were observed to be flat and hovering below the mean line indicating a neutral to bearish outlook in the short run.
CRYPTO:NEARUSDLong
by Ritika_TCR
Dash Price Plummets 23%, Cryptocurrency Investors in FrenzyDash Price Plummets 23%, Cryptocurrency Investors in Frenzy The broader markets have experienced a heavy selloff in the last couple of sessions. Dash price is on a 5 day losing streak eroding nearly 23% of its value in the period. The broader markets crashed in the last couple of sessions after the investors feared a recession. At the time of writing, Bitcoin was exchanging hands close to $53.1K having lost over 9% whereas Ethereum unfolded by over 12% to $2350 in intraday. The crash in the blue chip cryptocurrencies triggered a panic among the investors. Moreover, the altcoins also followed the market leaders and plummeted the same way. Dash price has slumped in the recent sessions losing nearly 23% in the last five sessions. At the time of writing, Dash price was hovering near a critical zone which if breached more worse in the price may be experienced. Whereas, if the price bounces off, it may head for a recovery. Open Interest Contracts Drops By Over 30% Dash price is on a five day losing streak after the price slipped below the short term EMA of 20 and 50 days. Dash cryptocurrency is an open-source blockchain focused on offering a fast, cheap global payments network that is decentralized in nature. Moreover, In tandem with the price decline, there has been a significant drop in the open interest contracts as per the app.santiment.net. On analysis, it was observed that the OI data has dropped from $7.7 Million to $5.1 Million in the last five intraday sessions. The OI data has dropped by over 30% in the recent session highlights a long unwinding among the short term traders and investors. Furthermore, the transaction volume has grown by 94.3% to $59.34 Million a day. It ranks 148th with a live market capitalization of $263.37 Million. Dash Price At The Risk Of Falling TO A Multi Year Low. The daily chart highlights Dash price at a risk of falling to a multi year low. At the time of writing, DASH was hovering close to $21.9 recording a swift intraday loss of 1.6%. On the lower side, the $20 level may act as a critical and psychological support which the bulls need to defend in order to keep the turn in their favor. The EMA analysis shows that the price lags 200 day EMA by 25% suggesting the domination of the bears over the trend. Now, if the price breaks below the $20 level it may slump towards the next major support of $15 level. At present time, the MACD line was placed below the zero line suggesting a bearish trend prevailing. The broader crypto market crashed due to recession fears. Bitcoin and Ethereum lost over 9% and 12% respectively triggering fear in the market. Dash crypto crashed nearly 23% in the last five days. A 30% drop in the Open interest data reflects long unwinding among the speculators. Additionally, the trading volume is high but price is at risk of falling to a multi-year low. Bulls need to defend $20 support level, otherwise price may fall to $15.
CRYPTO:DASHUSDLong
by Ritika_TCR
zkSync Price Analysis: Can ZK Reclaim All Time High This Month? zkSync Price Analysis: Can ZK Reclaim All Time High This Month? As per the analysts, zkSync has reclaimed the bullish territory and is poised to Show Gains Further. The transaction volume has surged by 35.98% indicating a heightened demand in ZK price. zkSync price is on a three day gaining streak and has reclaimed the bullish territory. The bulls made a strong comeback from the lower levels as the price made an impressive run of nearly 21% a week. Earlier, ZK price noted a sharp rejection from the record highs of $0.309 and slumped shifting short term trend towards bearish side. The weakness in the broader market added more to worse and thus falling towards a record low of $0.131. However, The bulls made a strong comeback amid the broader market recovery in the last couple of weeks. The price surged nearly 30% and entered positive territory above $0.187. Now, what's next for zkSync, will it continue to rise or suffer from the CMP. zkSync Still 37% Lower From ATH Despite gaining over 30% in the last couple of weeks, zkSync price still lies nearly 37% below it's All time high. At the time of writing, ZK price was hovering close to $0.197 recording a positive development of nearly 3.7% a day. Moreover, the recent sessions have noted a rise in demand that could keep fueling the price to keep soaring higher. The transaction volume has surged by 35.98% as per the coinmarketcap.com. The daily transaction volume has surged to $173.9 Million a day indicating a heightened demand. Additionally, the volume to market cap ratio was 24.03% suggesting a high volatility. zkSync is a Layer-2 protocol designed to enhance Ethereum's scalability using advanced zero-knowledge (ZK) technology. Apart from boosting Ethereum's throughput, It aims to uphold core principles of freedom, self-sovereignty, and decentralization at scale. Can zkSync Continue to Soar Higher or Decline Again? The last couple of weeks saw a strong recovery reaffirming the confidence of the investors. The price surged nearly 30% from $0.14 to $0.18 and claimed a positive territory. The increased transaction volume and volatility points to a bullish continuation in the short term. As per the analysts, ZK price may keep forming a higher low pattern on the charts and may reclaim All time high of $0.30 level. The price lies above the 20 day EMA indicating a positive outlook ahead. Also, the RSI at 58.4 and above the SMA line at 44.5 highlights a positive trend prevailing. Additionally a bullish divergence was observed on the charts adding validation to a trend continuation. Can zkSync Reclaim ATH? zkSync price has surged over the past three days, reclaiming bullish territory with a 21% weekly gain. After a sharp drop from its high of $0.309, the recent demand has driven the price up by 30% to $0.18. Additionally, the transaction volume increased by 35.98%, reaching $173.9 million daily, indicating strong demand. Furthermore, Analysts suggest a bullish continuation, with the price potentially reaching its all-time high of $0.30. The price is above the 20-day EMA, and RSI at 58.4 supports a positive trend, with bullish divergence observed on the charts.
BINANCE:ZKUSDLong
by Ritika_TCR
1
Justin Sun Reveals Gas-Free Stablecoin Transfers on TRON NetworkTRON founder Justin Sun announced that his team is developing a stablecoin solution to increase institutional adoption of such assets. On July 6, Sun revealed that a gas-free stablecoin solution will launch on the TRON network in the fourth quarter of this year. Gas-Free Stablecoin Solution Sun explained that this innovation means users will not need to pay a gas fee for stablecoin transactions. Instead, the stablecoins will cover the fees themselves. This solution will initially be available on the TRON Network before expanding to Ethereum and other Ethereum Virtual Machine (EVM)-compatible public chains.
by FXBANkthe8055