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The FUDs turned out to be true and Bitcoin was dumped because of this news. Looks like BTC has absorbed the news and we may see some sideways movement. The only good thing is that BTC is trading above the support level and the dump intensity is also not high. Lets see how market reacts this week.
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RNDR analysis:
The price has been rejected from the resistance area and is currently trading below it. It is likely that we will see a downward movement towards the support area in the coming days. If the price is able to hold the support area, then we may see some upward movement.
Support Area: $2.50-$2.75
Resistance Area: $3.45-$3.67
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Educational Post
What Is A Transaction ID?
A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.
When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.
Depending on the blockchain used, you’ll be able to find the transaction on a block explorer by searching for the transaction ID. There are many block explorer available with different features and services. Transaction IDs are useful for transaction verification, record keeping, and troubleshooting.
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DOT analysis:
Price has been rejected from a resistance area and is now testing support. If the support level is broken, a move towards the major support area is expected.
Support Area: $5.00-$5.20
Major Support Area: $4.20-$4.40
Resistance Area: $5.75-$6.00
Bitcoin is slowly approaching the resistance area once again. There are some FUDs about Binance needing to pay $4 billion to the US to settle criminal cases. This news may result in a quick sell-off in the market, so it's better to use a tight stop loss.
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CZ officially announced he resigned as CEO of Binance.
Read more here: /cz_binance/status/1727063503125766367
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There is FUD that CZ step down as Binance CEO. We already warned you about the Binance FUD in morning.
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Educational Post
What Is A Transaction ID?
A transaction ID (TXID), or transaction hash, can be thought of as an identification number that labels each transaction on the blockchain. It is a unique string of characters that can be verified and added to the blockchain.
When a transaction gets added to the blockchain, it’s assigned a unique transaction ID. The transaction ID is generated by applying a hash function to the transaction details, including the sender's address, the receiver's address, and the amount of cryptocurrency being sent.
Depending on the blockchain used, you’ll be able to find the transaction on a block explorer by searching for the transaction ID. There are many block explorer available with different features and services. Transaction IDs are useful for transaction verification, record keeping, and troubleshooting.
As predicted, ASTR has moved towards the support area and bounced back from there. The price is currently unable to break above the resistance area. If you have opened a long position, putting your stop loss at the breakeven point is recommended. The support and resistance levels remain unchanged.
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