Market corrections often drive new investors to sell at a loss, with short-term holders being especially sensitive to volatility. The alignment of MVRV and SOPR by Age indicators shows new investors are both underwater and stressed enough to realize losses. This parallel behavior suggests we're at a critical point for short-term Bitcoin holders, potentially signaling a significant market sentiment shift.
Читать полностью…Binance Will Support the Kaia (KLAY) Rebranding to Kaia (KAIA)
https://www.binance.com/en/support/announcement/f75f933759ee49d0af1dfbce7e32144c
MANTA Analysis :
MANTA is been facing resistance from the structural area and nearly to its resistance too. Market look bullish and healthy at the point and can move higher into the resistance. Taking long are look good anticipating the break of zone.
Resistance : $0.85 - $0.89
The current consolidation phase has pushed the spot price below the cost-basis of several short-term holder sub-cohorts since late Jun 2024 (MVRV Ratio <1). This highlights how recent investors have been under financial pressure, nursing increasingly larger unrealized losses.
However, despite many new investors being underwater on their holdings, the magnitude of their unrealized losses are notably less severe than the mid-2021 sell-off, and the March 2020 COVID crash.
BTC given a strong break tot he resistance area which is healthy for the market. Price now reacting from the minor resistance, and retraced a bit into the zone as support. NY open might come in play with the market moving higher.
Читать полностью…Bitcoin's recent journey: After March highs, price momentum ⬛️ cooled faster than capital flows 🟧 slowed. While money kept trickling in (just slower), prices took a steeper dive. In crypto-speak: the HODL spirit's still alive, but the market's feeling a bit queasy.
Читать полностью…BTC tapped into the resistance area and kinda rejecting and now. Its a Daily TF, to need to wait for the closure. Market Turning slowly bullish, so we can expect a break by this week.
Читать полностью…With price action confined to a well-defined range over the past six months, volatility is tightening, resembling a coiling spring. After an extended period without significant macro movements, expectations for increased volatility are rising.
We can assess market volatility compression by measuring the percent range between the highest and lowest price ticks over the last 180 days. Currently, only August 2023 and May 2016 show a tighter 180-day price range, underscoring the relative tightness of the current market structure.
Bitcoin gave a liquidity hunt previous week and had a break a of structure and now a pullback is expected before moving any up.
Strong Resistance : $64,400 - $65,200
Buying #GFT here🚀
Chart indicating a strong bounce from weekly support
We can set target for atleast 20-40% from here in short term✍🏻
#GFT/USDT gaining momentum from the demand zone and looks ready for the bullish ride 🚀
Buy on MEXC: https://www.mexc.com/exchange/GFT_USDT
Buy on Binance: https://www.binance.com/en/trade/GFT_USDT
Short term targets: 10%-30%-50%
Bitcoin has rebounded after creating a wick below the support area and is now slowly moving upwards. We might see another test of the resistance area and let's see if it can break this level this time. Low volatility is expected over the weekend.
Читать полностью…Educational Post
What Is opBNB?
opBNB is a layer-2 scaling solution designed to amplify the performance of the BNB Smart Chain. Introduced as part of the BNB Chain's commitment to efficiency, opBNB leverages the Optimism OP Stack to deliver high throughput, low transaction fees, and streamlined transaction processing.
At its core, opBNB acts as an important layer-2 scaling solution, which strategically offloads transaction processing and resource usage from the BNB Smart Chain. This architectural approach enables opBNB to provide scalability that extends beyond the constraints of layer-1 solutions. With the capacity to support over 4,000 transactions per second (TPS), opBNB opens up possibilities for large-scale Web3 applications, ensuring a seamless and responsive user experience.
opBNB Advantages
Gas efficiency
One of the key advantages offered by opBNB is its focus on gas efficiency. Gas fees have been a significant factor in blockchain networks, often impacting the cost and speed of transactions. In the case of opBNB, the average gas fees can be as low as $0.001, making transactions not only cost-effective but also contributing to an enhanced overall user experience.
Scalability
The integration of opBNB into the BNB Chain ecosystem reflects a strategic move toward addressing the scalability challenges often faced by blockchain networks. By acting as a layer-2 solution, opBNB optimizes the performance of the BNB Smart Chain, making it more suitable for the demands of large-scale applications and high-frequency transactions.
Development
Developers within the BNB Chain ecosystem now have access to a powerful tool that facilitates the execution of complex and resource-intensive operations. As the Web3 landscape continues to evolve, the importance of layer-2 scaling solutions like opBNB becomes increasingly evident, ensuring that blockchain networks can meet the demands of a growing and dynamic user base.
The TOTAL cryptocurrency market cap is currently trading above a key level, indicating a potential bounce towards the resistance area. A strong rally in all coins is anticipated.
Читать полностью…Educational Post
What is Wash Trading?
Simply put, wash trading refers to the practice of buying and selling the same financial instruments to create a false representation of market activity. This seemingly deceptive tactic can have consequences for market integrity and fairness.
In other words, wash trading involves an individual or entity acting as both the buyer and the seller in a trade, creating an illusion of genuine market activity. In most cases, the goal is not to derive profit from the trade itself but to manipulate market perceptions, such as boosting trading volume or influencing price trends. This practice is considered unethical and, in many jurisdictions, illegal.
How Wash Trading Works
In a typical wash trade scenario, an individual or entity places buy and sell orders for the same financial instrument. The intent is to deceive other market participants into believing that there is significant trading activity when, in reality, there is no change in asset ownership. Automated trading algorithms or trading bots can be programmed to carry out wash trades, amplifying the frequency and impact of this activity.
Consequences of Wash Trading
Wash trading can have several negative effects on financial markets. Firstly, it can distort market data by creating artificial trading volumes, making it challenging for traders and investors to accurately assess market conditions. Additionally, it can lead to false signals and misinformed decision-making, as traders may interpret the inflated activity as genuine market interest. This manipulation can undermine the fairness and efficiency of the market, eroding trust among participants.
IOTA is now on retracement move and but gave a decent 17.5% in profits. Currently, price is dumping due to market correction happened, we can expect it to move higher back to old highs and eventually resistance at $0.15
Читать полностью…BTC gave a quick move up and had a very quick retest. Price still trying to move higher towards the new highs and expected to retest of $70,000 mark.
Читать полностью…CKB still holding the support level and moved in a big consolidation range. A breakout will lead the directional move in the market and both side have a good 20% - 30% trading range.
Читать полностью…AST Analysis :
AST rejected hard from the resistance area and goes into the consolidation again between the major support zone and resistance. Long looks good at the support zone with TP at resistance.
Major Support : $0.073 - $0.080
Resistance : $0.097 - $0.010
ADA still holding the trendline and kinda looking bullish too. Price now need to see a close above the resistance mark, then we have clean range to the left for a short-term move towards the resistance area.
Resistance Area: $0.40-$0.417
SXP Analysis :
SXP had a very sharp rally of the strong resistance area and now holding over the zone as support. Price is expected to move higher if bitcoin remains the same as here o move higher.
Strong Resistance : $0.26 - $0.27
IOTA moved 11.6% in profits and gave a shallow break of the resistance but still a rejection too. Price is bullish so we can expect the price to make the new Highs and from higher.
Читать полностью…#GFT Strong bullish divergence spotted on the daily timeframe—momentum is building for an epic pump 🚀
Читать полностью…Gifto is a Web3 blockchain solution launched in 2017 offering a crypto wallet with growing features such as to create, store, and gift blockchain presents to friends and loved ones e-cards, PFPs, generative art or red envelopes.
Technically lying above strong support. RSI is in the oversold region. MACD is showing bullish momentum. It will pump hard from here.
Targets: $0.0195 - 0.024 - 0.030 - 0.040
Educational Post
What Is Binance Megadrop?
Binance Megadrop is a token launch platform that combines elements of Binance Simple Earn and the Binance Web3 Wallet to create an innovative airdrop experience. The platform is designed to provide users with early access to new token projects and a variety of ways to earn rewards. With Binance Megadrop, users can subscribe to fixed-term products, complete Web3 quests, and receive token rewards proportional to their accumulated scores.
Key Features of Binance Megadrop
1. Early access to token projects
One of the main features of Binance Megadrop is giving users early access to selected Web3 projects before their official listing on the Binance exchange. This allows users to get involved in promising projects at an early stage, potentially benefiting from future growth and development.
2. Integration with Binance Simple Earn
Binance Megadrop is closely integrated with Binance Simple Earn, a feature that allows users to earn rewards by locking their BNB in fixed-term products. By subscribing to these locked products, users accumulate points that determine their reward allocation in the Megadrop program. The longer the lock period and the more BNB locked, the higher the score and potential rewards.
3. Engagement through Web3 quests
Another significant aspect of Binance Megadrop is the inclusion of Web3 quests. These quests are designed to engage users and encourage them to learn more about the blockchain ecosystem. By completing tasks within their Binance Web3 Wallet, users can boost their scores and earn additional rewards.
AERGO analysis:
Price is currently trading within the support and resistance area, indicating a neutral zone. It is advisable to wait for clearer market conditions before considering new entries.
Support Area: $0.0.75-$0.0834
Resistance Area: $0.118-$0.
Each cycle sees higher prices and more resilient holders. This current phase of minimal losses indicates that long-term holders (LTHs) are firmly positioned for the long run—stronger, less fearful, and prepared for Bitcoin's next big move as we approach 2024.
Читать полностью…Bitcoin experienced a sudden drop below the support area to trigger stop losses. The price quickly bounced back from that point and is now trading above the $60,000 level. This week is crucial, and it is necessary for the weekly candle to close above $60,000 to maintain a bullish outlook.
Читать полностью…ADA analysis:
Price is currently testing the support of the uptrend line. A rebound is expected, so consider opening a small long position with a tight stop loss. We might see a move toward the resistance area in the upcoming days.
Support Area: $0.334-$0.338
Resistance Area: $0.40-$0.417