DUSK analysis :
DUSK moving within a steep uptrend channel and near towards the trendline. Price have a breakout of the major resistance area and have a retest. Now price looks healthy enough from move higher from here.
Major Resistance : $0.211 - $0.216
Targets : $0.241
Educational Post
What Is Deflation?
Deflation describes a decrease in the price of goods and services in an economy. In practice, deflation is usually perceived as a good thing as it can give you more bang for your buck. But, in some cases, it can also have negative effects on the economy.
Episodes of problematic deflation are rare. Overall, our financial system is more susceptible to inflation than deflation. Still, if you eventually face persistent deflation in the country you live in, it’s helpful to know some of its negative effects.
Let’s take a closer look at common causes and potential effects of deflation.
Common Causes of Deflation
Lower aggregate demand
Aggregate demand represents the broad demand for goods and services. When people and businesses spend less money, the demand goes down, often resulting in lower prices.
Increase in supply
If businesses produce more than people want to buy, the excess supply can also lead to lower prices. For example, this may happen due to new technology that makes production cheaper and more efficient.
Strong currency
When a country's currency is strong, it can buy more foreign goods, leading to cheaper imports and lower prices for domestic goods. In addition, a strong currency can make a country's exports more expensive for other nations, reducing demand for exported goods and services.
ETH slowly moving upward towards the resistance area. The accumulation will continue after the spot ETF approval. You can grab some ETH for the long term.
Читать полностью…MKR analysis:
Price tested the support area and is now trading near it. You can open a long position at the support area with a tight stop loss. We may see a bounce towards the resistance area.
Support Area: $1770-$1920
Resistance Area: $2530-$2660
IRIS made a strong move and hit the resistance area. The price was rejected from there and is now slowly moving back towards the resistance area. The long position has gained more than 52% profit from our entry. You can either take some profit or hold the trade with a trailing stop loss.
Читать полностью…Bitcoin has rebounded from the support trendline of the triangle. The price breaks the triangle upward, but it is struggling to hold above it. Mixed signals persist, and there are still no clear signs in the market. It's important to maintain tight stop losses in all open trades.
Читать полностью…Educational Post
Key features of TON
1. Scalability
TON is designed to be highly scalable. It can handle millions of transactions per second through a sharding mechanism that allows the network to split into smaller, interconnected blockchains called "shards." Each shard can process transactions independently, which significantly increases the overall capacity of the network.
2. Interoperability
TON is designed to be interoperable with other blockchains and DApps. It can easily integrate with other blockchain networks and allow for the seamless transfer of assets and data between them. This feature is crucial for creating a connected and decentralized web where different blockchain networks can work together.
3. Fast transactions
TON's architecture is optimized for speed. It uses a PoS consensus mechanism, which is faster and more energy-efficient than the Proof of Work (PoW) system used by Bitcoin. This means that transactions on the TON network are processed almost instantly, making it suitable for everyday use, such as payments, microtransactions, and other financial activities.
4. Decentralization
TON is a decentralized network, meaning that it is not controlled by any single entity or organization. Instead, it is governed by its community of users and developers. This decentralization makes TON more resistant to potential attacks and ensures that the network remains open and accessible to everyone.
Notice of Removal of Spot Trading Pairs - 2024-08-23
https://www.binance.com/en/support/announcement/84d4dc37762944828f3e91c4eabb6bb6
EDU analysis:
Price has broken through the resistance area and is continuing its upward movement. We expect a move towards the next resistance area in the coming days. You can place your buy orders and wait.
Support Area: $0.54-$0.56
Resistance Area: $0.75-$0.80
NULS has broken through the resistance area and the larger triangle in an upward direction. The price has been rejected from the major resistance area, and we may see another test of the resistance area in the coming days. If the price drops to the support zone, you can consider opening long positions.
Support Area: $0.33-$0.35
Resistance Area: $0.41-$0.44
QKC analysis:
Price currently trades within the support and resistance area, creating a no-trade zone. It's advisable to wait for a clear breakout above the resistance area or a test of the support area for new entries.
Support Area: $0.081-$0.0838
Resistance Area: $0.0120-$0.0125
Last week, digital asset investment products saw modest inflows totaling US$30 million, as recent macroeconomic data suggested the FED might not cut interest rates by 50 basis points in September.
Ethereum attracted only US$4.2 million in inflows, although this figure conceals significant activity among different providers.
On the other hand, Solana experienced outflows of US$39 million, the largest ever recorded, as it struggled with a sharp decline in trading volumes of memecoins, a key driver of its market activity.
Bitcoin has been once again rejected from the $60,000 resistance level and the price is returning to the sideways zone. There may be a continuation of the sideways movement for the next couple of days.
Читать полностью…NULS analysis:
Price is currently approaching the resistance area, while the uptrend line serves as a support area. If there is a breakthrough above the resistance, the price will move towards the resistance trendline of the large triangle.
Resistance Area: $0.253-$0.262
IRIS tested the support area as expected. We hope that you opened a long position at the support area. The price bounced from the support area and now we may see a move towards the resistance level. The position has printed more than a 17% profit from our entry. Hold the position with a trailing stop loss.
Resistance Area: $0.018-$0.019
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SKL rebounded after testing the support area. Our long position is now in more than 13% profit, and you can increase your stop loss to the breakeven point. We may witness a move towards the resistance area in the coming days.
Resistance Area: $0.0525-$0.056
Bitcoin is maintaining the $60,000 level and rebounding from it. A move towards the $65,000 resistance level is possible in the upcoming week.
Читать полностью…According to Glassnode's data, there are currently 1,646 Bitcoin Whales, defined as entities holding over 1,000 BTC. This marks an increase of 147 whales since the start of 2024. Big money is increasingly investing in Bitcoin.
Читать полностью…The Dominance of Bitcoin has bounced after testing the local support area. There are still no signs of weakness in dominance. The price needs to break below the local support area for altcoins to rally. This may be a good time to accumulate your favourite coins during price dips.
Читать полностью…NFP analysis:
Price is finding support at the uptrend line and may move towards the upper resistance line of the triangle. A break above the triangle would be bullish and send the price towards the major resistance area.
Resistance Area: $0.250-$0.255
Major Resistance Area: $0.30-$0.317
Bitcoin, as the leading digital asset, continues see its dominance expand, now commanding a staggering 56% of the total market capitalization.
Читать полностью…Once again, Bitcoin has dropped below the $60,000 level. The market has been choppy recently and has struggled to maintain momentum. There is a triangle formation on lower time frames, and we expect a breakout from this triangle soon, which will determine the next move.
Читать полностью…Glassnode reports that long-term investors are still actively accumulating #BTC, even amid the market correction.
Читать полностью…After a week of sideways movement, Bitcoin is finally showing strength. The price broke above the $60,000 level and is now holding this position. We may see some positive movement in all altcoins and BTC.
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Date: 25-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
Advantage: Free For All
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The price has just touched the Hash Rate PoW value, often seen as the lower limit defined by estimated production costs.
Читать полностью…We will only post announcement for next guaranteed 50X-100X MEXC MegaPump Signal once this POLL reach 10k votes🔥
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Negative funding rates usually mean shorts are paying longs, indicating bearish sentiment. However, in 2024, Glassnode data shows that #Ethereum's funding rates have predominantly been positive, pointing to a bullish outlook from the market.
Читать полностью…Bitcoin continues to test the $60,000 mark but has not broken above it yet. A clear movement may be seen on Monday when the global market opens.
Читать полностью…