Solana recently experienced an unprecedented surge in on-chain transfer volume, reaching around $224 billion in a single day. That’s nearly 3x the total market cap of SOL (currently at $76B) moving within a 24-hour period!
This significant spike highlights the growing adoption and liquidity on the Solana network, potentially marking a pivotal moment for $SOL and the broader crypto ecosystem. Keep an eye on Solana as it continues to demonstrate its scalability and utility.
Bitcoin has experienced a significant drop below the support area, which has liquidated many overleveraged positions. Today is crucial, as we might receive the US election results by tomorrow. This suggests that increased volatility is on the horizon. We could potentially see a dip to the $65000 level, followed by an immediate bounce from that point. There are uncertainties involved, so it's important to be prepared for various outcomes.
Читать полностью…The liquidation heatmap shows significant liquidity clustered around the $68,000 and $70,000 levels. These areas could act as magnet points for price action as the market seeks to clear out overleveraged positions. Expect potential moves in both directions, as Bitcoin's high volatility may target these levels to liquidate positions.
Stay cautious, as the market could see sudden shifts to tap into this liquidity!
DOGE has fallen below the support level as expected, and we hope you have taken the opportunity to open long positions. It’s advisable to use a tight stop-loss on these open positions. The election results could lead to a significant price increase if Trump wins, but there may be a sharp decline if Harris wins.
Resistance Area: $0.175-$0.182
EGLD analysis:
Price is currently trading in a falling wedge pattern. It is near the support line of this pattern, and a bounce is expected from this level. You may consider entering a long position here with a tight stop loss.
Support Area: $21.50-$22.00
Bitcoin dominance is reaching higher highs and higher lows on lower timeframes. Currently, there are no bearish signals, which is contributing to the price suppression of altcoins. For altcoins to gain some momentum, Bitcoin dominance needs to fall below the 60% level.
Читать полностью…Bitcoin is dumping because the election results predictions are falling and Trump is no longer a favourite. The chances of Trump winning are 50-50 and markets are reacting to this. We expected the volatility and warned you already. A clear move will come after the election result.
Читать полностью…On Thursday, short-term Bitcoin (BTC) holders sent around $2.3 billion (or 32,000 BTC) to exchanges at a loss as Bitcoin's price dipped below $70,000, following a recent surge near an all-time high. This wave of panic selling among holders who had the asset for under 155 days was the largest since the yen carry trade unwind on August 5. Known for reacting to market sentiment, short-term holders often sell during drops and buy during periods of market euphoria. In total, over 54,000 BTC was moved to exchanges on Thursday—the highest since March 27.
Читать полностью…DOT analysis:
The price is currently testing a major support area, and we might observe some accumulation occurring at this level. It's a good opportunity to accumulate some DOT for the long term. We could see a significant rally if the price breaks above the downtrend line.
Support Area: $3.80-$4.00
Resistance Area: $4.45-$4.55
IO analysis:
Price is trading in a triangle pattern and slowly heading towards the support area. You can place your buy orders in the support area for new entries.
Support Area: $1.30-$1.40
Resistance Area: $1.80-$1.85
SOL analysis:
The price is once again approaching the support area. You can consider buying some SOL here if you haven't already done so. After retesting the support area, we may see a continuation of upward movement.
Support Area: $160-$164
Resistance Area: $186-$194
After the significant price surge, Bitcoin has returned to the support level. It is currently holding at this support area, which is a positive sign. We may experience some sideways movement around this support before the next move. High volatility is expected in the coming days.
Читать полностью…According to Glassnode's NUPL (Net Unrealized Profit/Loss) indicator, long-term Bitcoin holders remain resilient, showing no signs of large-scale selling. Instead, they're holding and even accumulating more, suggesting strong confidence in the long-term outlook. The data indicates we're still far from the peak euphoria phase, with the trend currently in an active growth stage.
Читать полностью…ETH analysis:
The price has once again been rejected from the resistance area. We are likely to see a significant rally in ETH if it breaks above this resistance zone. There is an uptrend line that acts as a support area. Currently, the price is in a long accumulation phase, and we may see a breakout in the coming days.
Resistance Area: $2680-$2800
Bitcoin is currently moving sideways as anticipated, sitting only 2% below its all-time high. Today marks the close of the monthly candle, which is a bullish sign. Let's see how the US election results will impact the market.
Читать полностью…DOGE has bounced back after testing the support area. The long position is currently up more than 18% in spot trading. You can consider increasing your stop loss and holding onto the position. We may see further gains in DOGE if Trump wins the election. The resistance level remains unchanged.
Читать полностью…ETHFI analysis:
Price is currently testing a major support area. You can open a long position at this support level with a tight stop loss. We may observe a bounce from here towards the resistance area.
Support Area: $1.15-$1.24
Resistance Area: $1.52-$1.59
According to Glassnode, BTC volatility in the options market has surged to record levels not seen since April. This spike highlights the market's intense anticipation and uncertainty, with traders preparing for potentially significant price movements. Stay alert as Bitcoin navigates these turbulent times!
Читать полностью…Bitcoin has bounced back from the local support area and tested the resistance zone. However, there is still no clear movement in the market. We may see further fluctuations, including pumps and dumps, on election day. The results of the US elections will determine the fate of Bitcoin and the cryptocurrency market.
Читать полностью…Educational Post
What Is a Yield Curve?
A yield curve is a chart that shows the interest rates (or yields) on bonds with different maturity dates. We can think of the yield curve as a line that compares short-term interest rates to long-term ones, typically for US Treasury bonds.
Bond yields vary by maturity because investors demand different rates of return depending on the bond's duration, often due to inflation expectations, credit risks, and general economic conditions.
As such, the shape of the yield curve tells us a lot about what investors are expecting from the economy, offering a kind of financial weather forecast. The US Treasury Yield Curve is the most famous and often acts as a barometer for economic health, influencing decisions across various markets.
Things are looking concerning here. Ethereum has broken below the uptrend line, which is not a positive sign. Bitcoin's volatility is negatively impacting altcoins. If the price fails to reclaim the uptrend line, we might see a move toward the $2,300 level.
Читать полностью…BONK analysis:
Price is currently testing the support area and needs to hold this level; otherwise, things could turn bad. You may consider opening a long position with a tight stop loss. We might see a bounce from this point.
Support Area: $0.00001880-$0.00002000
Resistance Area: $0.00002720-$0.00002870
BNB analysis:
Price is currently trading within a narrow range between support and resistance. Since March, the price has remained in this tight range, and a significant breakout could occur at any time. Consider purchasing some BNB and adding more if the price drops to the support level.
Support Area: $530-$545
Resistance Area: $610-$630
Bitcoin is currently trading at the support area, and high volatility is present in the market. We observed a quick pump and dump yesterday and may experience the same in the coming days. Keep a tight stop loss on all open positions.
Читать полностью…According to Glassnode data, BTC outflows from exchanges have surged significantly in the past 48 hours. This increase in outflows suggests that investors might be moving their Bitcoin to cold storage, potentially signaling strong holding sentiment and a positive long-term outlook.
Читать полностью…ETH dropped after rejecting the resistance area. The price tested the support uptrend line and managed to hold at this level. You can open a long position here with a tight stop loss. The resistance level remains unchanged.
Читать полностью…ZRX analysis:
Price is currently trading in a narrow range between support and resistance. It is better to refrain from trading for a while until a clear direction is established.
Support Area: $0.255-$0.265
Resistance Area: $0.375-$0.39
JUV has reached the support area, and you can open long positions here. We may see a bounce from this level towards the resistance area in the coming days. Don't forget to use a tight stop loss on all open positions.
Support Area: $1.65-$1.69
Major Resistance Area: $1.79-$1.84
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