There is a significant cluster of liquidations on both sides of the market. On the upside, heavy liquidations are concentrated between $63,800 and $64,000, while on the downside, they are between $62,400 and $62,600. This could result in a quick pump and dump scenario to liquidate all positions and balance the market. Keep an eye on price action in these zones.
Читать полностью…Bitcoin has been rejected from the resistance area, and the selling pressure remains high. Another test of the resistance area may occur in the coming days. Let's see how the price reacts now. The market conditions remain unchanged.
Читать полностью…Over 40% of Ethereum's total supply is currently locked in smart contracts, but recent data from Glassnode indicates a slight decline in this trend.
Читать полностью…After the breakout, FLOKI has successfully retested the support area. You can open a long position here with a tight stop loss. We may see a move towards the next resistance area in the coming days.
Resistance Area: $0.0000157-$0.0000162
AKRO achieved first target. Price made than 15% profit from our entry. Our team is working hard to find good trades. Pin our channel on top to never miss a signal and share it with your friends and family.
Читать полностью…Glassnode's on-chain data suggests that the current cycle is underperforming compared to previous halving events. Unlike past bull runs, the price has not experienced a significant pump yet.
Читать полностью…DOT has broken the triangle resistance line and is now retesting it. We expect a continuation of the upward movement. It is advisable to increase your stop loss and maintain the long position.
Resistance Area: $4.90-$5.10
API3 analysis:
Price broke the local resistance area and also underwent a retest. We may now observe a continuation of the upward movement. Consider opening a long position near the support area with a tight stop loss.
Support Area: $1.50-$1.55
Resistance Area: $1.95-$2.15
ETH is currently testing the local resistance area. If the price is able to break above this resistance, we may see a move towards the next major resistance area. The price has also broken out of a smaller triangle and is continuing its upward movement.
Читать полностью…EGLD analysis:
Price has broken the resistance area and is now retesting it. You can consider opening a long position here with a tight stop loss. We expect to see a continuation of the upward movement towards the next resistance area.
Support Area: $26.60-$27.40
Resistance Area: $32.80-$33.50
#AKRO/USDT is surging from the demand zone and gearing up for a bullish ride 🚀
Buy on MEXC: https://www.mexc.com/exchange/AKRO_USDT
Buy on Binance: https://www.binance.com/en/trade/AKRO_USDT
Short term targets: 10%-30%-50%
Currently, BTC has been oscillating within a well-defined range for 6 months. Volatility is tightening and a big move is on the horizon. Interestingly, only August 2023 and May 2016 have shown a tighter 180-day price range for Bitcoin.
Читать полностью…Bitcoin is approaching the resistance area. Let's see how the price reacts there. Overall market sentiment is bullish after the rate cuts.
Resistance Area: $64,500-$65,500
The wealth held by coins aged less than one week has dropped into the low liquidity zone, now representing just 4.7% of the total network wealth. This reflects a tightening supply, as the majority of coins are older than one week.
Читать полностью…DOT dropped to the support area and then bounced from there. If you opened a long position at the support area, that's great. We might see a move towards the triangle's resistance line, so let's see how the price reacts there.
Читать полностью…NTRN has bounced after testing the support area. We hope you opened a long position as we suggested. NTRN has gained more than 18% profit from our entry. You can book some profit here or hold the position with a trailing stop loss. We may see a move towards the resistance area.
Resistance Area: $0.52-$0.54
HIFI analysis:
Price is currently testing a major resistance area. We are waiting to see how price reacts here as this is a no-trade zone. We are looking for a clear breakout above the resistance area for new entries.
Resistance Area: $0.52-$0.55
Educational Post
What Is an Externally Owned Account (EOA)?
An externally owned account (EOA) is basically a type of account on the Ethereum network that’s controlled by a person using a private key. In other words, it’s the account you’d use to send transactions or manage your ether (ETH). Unlike smart contract accounts, which are controlled solely by code, EOAs are directly managed by people.
Types of Accounts on Ethereum
There are two main types of accounts on Ethereum:
Externally owned accounts (EOAs) – Controlled by users with a private key.
Contract accounts (CAs) – Managed by code or smart contracts. Operate without a private key.
Both EOAs and Contract Accounts can hold and transfer ETH. However, only EOAs can start transactions. Contract Accounts can’t do anything until they’re triggered by an EOA or by other smart contracts.
How EOAs Work
Every EOA is tied to two cryptographic keys: a private key and a public key. Your private key is what gives you control over your account—it’s used to sign transactions and proves that you’re the one authorizing them. The public key is used to generate your Ethereum address, which you can share with others so they can send you ETH.
Here’s a quick overview of what EOAs do:
Transactions: EOAs can send tokens to other accounts, interact with smart contracts, or call specific functions on the blockchain.
Gas Fees: Every transaction requires gas, which is paid in ETH. This gas goes to the miners or validators who process transactions.
Security: The security of an EOA all boils down to your private key. If someone else gets their hands on it, they can take control of your account.
Bitcoin has once again tested the resistance area and is encountering significant selling pressure. We'll have to wait and see if BTC can break through this resistance. A successful break above the resistance would be bullish and could propel the price towards the $70,000 level. However, a rejection from this area could lead to a drop in price to below $62,000.
Читать полностью…NTRN analysis:
Price has broken the resistance area and is now retesting it. You can open a long position at the support area with a tight stop loss. We expect a bounce from here toward the resistance area.
Support Area: $0.40-$0.42
Resistance Area: $0.52-$0.54
EGLD has rebounded from the support area after a retest. If you have opened long positions, it's advisable to increase your stop loss. There may be a move towards the resistance area in the coming days.
Читать полностью…Bitcoin is currently trading sideways, and we expect slow movement due to it being Sunday. Let's see how BTC starts the new week. The resistance level remains unchanged.
Читать полностью…ETH gas prices in summer 2024 have hit lows not seen since early 2020. This decrease in gas fees could signal a more efficient network or a drop in on-chain activity.
Читать полностью…Bitcoin is experiencing selling pressure at the resistance area. The market remains unchanged, and we may see another move towards the resistance area.
Читать полностью…AKRO is charting a new course in decentralized finance (DeFi), laying the groundwork for a platform where Permissionless Listings (PL) and Artificial Intelligence (AI) meet traditional trading, lending, borrowing, and staking.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.
Targets: $0.004960 - 0.006865 - 0.010080 - 0.015500
MicroStrategy has added another 7,420 BTC to its holdings, purchasing them for approximately $458.2 million at an average price of $61,750 per Bitcoin.
Читать полностью…FLOKI broke the triangle in an upward direction as expected. You can establish a long position at the retest of the support area. We will see a good rally if BTC remains stable.
Читать полностью…VIC Analysis :
VIC kept oo rejecting from the Major Resistance Area and Forming a Inverse Head & Shoulder Pattern, in which price on it verge to break it. Nothing much as of now, open long position after the major resistance break.
Major Resistance : $0.46 - $0.48
Educational Post
What Are Index Funds?
An index fund is a type of investment fund designed to replicate the performance of a specific index of financial markets, such as the S&P 500 or the FTSE 100. These indexes represent a collection of stocks or bonds, and the index fund aims to mirror their performance by holding a similar portfolio of securities.
How Index Funds Work
Index funds typically work by holding a portfolio of securities that closely matches the composition and weightings of the index they aim to track. For example, an S&P 500 index fund will invest in the 500 companies included in the S&P 500 index, with each holding proportionate to its market capitalization within the index. This approach ensures that the fund's performance closely aligns with the index.
Benefits of Index Funds
1. Diversification: Index funds can provide diversification by investing in a range of securities within a single fund. This diversification spreads risk across different sectors and companies, reducing the impact of any single stock's performance on the portfolio.
2. Lower costs: Index funds often have lower expense ratios compared to actively managed funds. Since index funds do not require frequent buying and selling of securities by fund managers, the operational costs are minimized, resulting in lower fees for investors.
3. Consistent performance: The goal of an index fund is to match the performance of its underlying index, not to outperform it. While this means the fund won't beat the market, it also ensures that it won't significantly underperform. Over time, this can provide investors with consistent and reliable returns.
4. Ease of investing: Index funds are straightforward to buy and sell, making them suitable for both novice and experienced investors. They can be bought through brokerage accounts, retirement accounts, and various other investment platforms.
Bitcoin continues the upward movement as expected after the FED rate cuts. We will see a continuation of the upward movement in the coming weeks because of the inflation. There may be a move towards the all-time high resistance area.
Читать полностью…