MEME analysis:
Price is currently trading within the support and resistance area. Consider accumulating some MEME near the support level.
Support Area: $0.0081-$0.0086
Resistance Area: $0.0127-$0.0135
A particularly interesting cohort to watch for near-term price action is the Short-Term Holder (STH) group, often representing new market demand. Recently, the spot price has surged above and reclaimed the critical cost-basis of $62.5k for this cohort. This signals a relatively constructive and bullish market sentiment.
Читать полностью…Bitcoin is currently finding support at the uptrend line, and we may see a move towards the resistance area. The market conditions remain unchanged, with support and resistance levels staying the same.
Читать полностью…CKB is currently retesting the support area, and it is a good time to place buy orders in this zone. The support and resistance areas remain unchanged.
Читать полностью…Bitcoin tested the resistance area and experienced a sharp rejection. Sellers are active in the zone. Another attempt at the resistance area is expected, and we will observe how the price reacts.
Читать полностью…Buying #FIDA now🚀
Accumulation is in full swing, and the pump is inevitable.
This one's set to explode🫡
#FIDA/USDT here is gearing up for the big jump from horizontal support 🚀
Buy on MEXC: https://www.mexc.com/exchange/FIDA_USDT
Buy on Binance: https://www.binance.com/en/trade/FIDA_USDT
Short term targets: 10%-30%-50%
The TOTAL2 (altcoin marketcap) was rejected from the resistance area in the first attempt. We may see another test of the resistance area. A break above this area will trigger a good rally in altcoins.
Resistance Area: $925-$960 Billion
IOTA analysis:
Price tested the support area and bounced from there. You can place your buy orders in the support area and wait. We may see a test of the support area again before the next move.
Support Area: $0.113-$0.117
Resistance Area: $0.152-$0.156
CHZ is retesting the area and was rejected in the first attempt. The price is now approaching the level again, and we'll see how it reacts this time. If there's another rejection, the price will likely move towards the support area. It's better to stay away from CHZ for now.
Читать полностью…CKB analysis:
Price touched the support area and bounced from there. Consider opening long positions if the price drops to the support area.
Support Area: $0.015-$0.0158
Resistance Area: $0.0191-$0.0205
The ACA position was stopped out, highlighting the importance of always using a stop loss. Additionally, the price broke the triangle pattern, indicating a bearish trend. It's advisable to avoid ACA for now, as we may see further declines in the coming days.
Читать полностью…Bitcoin has rebounded from the support area as expected. There may be a move towards the $64,500-$65,500 resistance area in the coming days. It seems like the dump is over, and we may see a continuation of the upward movement.
Читать полностью…Bitcoin miners' selling pressure has reduced over the last 30 days, and for the first time in nearly a year, the trend has reversed. This shift could signal positive momentum for the market.
Читать полностью…Educational Post
What Are Cross-Chain Bridges?
Cross-chain bridges, also known as blockchain bridges, are mechanisms that enable the movement of assets and information between different blockchain networks. These bridges facilitate interoperability and connectivity between different networks that may use different protocols and consensus mechanisms or have distinct functionalities that otherwise wouldn't be able to communicate with each other directly.
Why Are Bridges Important?
Bridges are crucial in addressing one of the most significant challenges in the crypto space – the lack of interoperability between different blockchain networks.
Each blockchain operates independently with its own unique set of rules, making it difficult to communicate and interact across networks. By connecting different blockchains, bridges enable the movement of tokens across chains and thereby enhance liquidity. This is particularly valuable in the decentralized finance (DeFi) ecosystem, where liquidity is crucial for the functionality of DeFi applications.
Types of Cross-Chain Bridges
There are several types of blockchain bridges. One common type is federated bridges, which employ a group of trusted entities to approve the transfer of assets across blockchains. Another is relay bridges, which relay information between different blockchains and often use special blockchain networks to provide shared security and enable interoperability between different chains.
Other types of cross-chain bridges include sidechain bridges and wrapped token bridges, each designed to address specific use cases and requirements. Regardless of their specific design, all bridges aim to enable the movement of digital assets across blockchain networks.
Risks of Cross-Chain Bridges
Blockchain bridges, while beneficial for a variety of reasons, also come with drawbacks. Blockchain bridges can have vulnerabilities and be exploited by attackers to steal large amounts of cryptocurrency.
Another potential technical limitation is transaction bottlenecks. A single chain’s throughput capacity limitations could affect overall capacity, creating a bottleneck for larger-scale blockchains.
Educational Post
What Are Funding Fees?
Funding fees are payments made between traders holding long (buy) or short (sell) positions in perpetual futures markets. The value of the payment depends on the funding rate, which is based on the difference between the futures price and the asset's spot price.
If the funding rate is positive, traders holding long positions pay a fee to short traders. If the rate is negative, the opposite occurs, with short positions paying long positions. This mechanism helps maintain stability and prevent significant price divergence between futures and spot markets.
How Do Funding Fees Work?
Funding fees are defined by funding rates, which are driven by two factors: the interest rate and the premium index (the difference between the contract and the spot price).
Positive funding rate: If the contract price is higher than the spot price, the funding rate will be positive, meaning longs pay funding fees to shorts.
Negative funding rate: If the contract price is below the spot price, shorts pay the longs. This helps push the price back up to match the spot.
Why Do Funding Rates Matter?
Funding rates are important for a few reasons:
Price control: They help prevent the perpetual futures price from drifting too far from the spot price, maintaining balance in the market.
Market sentiment: A positive funding rate suggests a bullish market, while a negative rate indicates bearish sentiment. In short, it shows which side (buyers or sellers) is more dominant.
Trading costs: For traders, these rates can increase or reduce costs. For example, holding a long position in a highly bullish market might mean paying a significant fee.
How Are Funding Rates Calculated?
Each exchange calculates funding rates slightly differently, but they generally use the interest rate and the premium index. Typically, these rates are updated periodically (e.g., every 8 hours). Traders can check the current and predicted funding rates to plan their trades and avoid unexpected fees.
The price retested the support area and instantly bounced from there. Binance announced that it will support the next airdrop for CHZ holders, and we may see a continuation of the upward movement in the coming days. The long position printed a peak profit of more than 11%, and you can hold the position with a trailing stop loss.
Читать полностью…KLAY analysis:
Price is currently trading within a large triangle pattern, and there is a possibility of a breakout in the coming days. Consider accumulating some KLAY at the support area with a tight stop loss. A breakout above this triangle could lead to a significant rally.
Support Area: $0.115-$0.122
Resistance Area: $0.15-$0.154
CHZ broke through the resistance area on the second attempt and is now retesting it. You can consider opening a small long position at the retest with a tight stop loss. We may see a bounce from here.
Support Area: $0.0638-$0.0652
Resistance Area: $0.0837-$0.0854
BAKE analysis:
Price is currently within the support and resistance area. It is advisable to wait for a clear breakout above the resistance area or a test of the support area for new entries as this is a no-trade zone.
Support Area: $0.219-$0.227
Resistance Area: $0.258-$0.27
#FIDA is ready to explode! 🚀
It’s on very strong weekly support in #BTC pair
We’ve seen 20-30% jump from this range ✍🏻
Don’t sleep on it! 🔥
Historically, Bitcoin bull markets peak between 518-546 days after a halving event. However, this cycle is showing signs of accelerating by roughly 100 days. This hints at a potential peak around mid-May to mid-June 2025.
The accelerated timeline could bring more excitement and opportunities for investors.
Bitcoin began the week positively and is now approaching the resistance area. Let's see if BTC can break the $65,000 level this week.
Читать полностью…Here’s an overview of all US Bitcoin spot ETFs:
The overall trend remains bullish as BlackRock continues to accumulate Bitcoin, showing strong confidence in the market. Additionally, the selling pressure from Grayscale has significantly reduced, indicating a more stable environment.
All signs point to positive times ahead for Bitcoin as institutional interest continues to grow.
Nothing has changed in the market yet, and Bitcoin is moving sideways. We might see some action on Monday when the global markets open.
Читать полностью…U.S. Spot ETFs now hold 4.6% of the total Bitcoin supply, amounting to a value of $58B. The recent increase in balances includes Grayscale's Bitcoin Mini Trust holdings, underscoring strong institutional demand for regulated Bitcoin exposure. This trend highlights the growing influence of institutional players in the crypto space.
Читать полностью…XAI is experiencing a significant increase after testing the support area. The long position is now up by more than 21%. Consider taking some profit or maintaining the position with a trailing stop loss.
Resistance Area: $0.243-$0.258
CHZ analysis:
The price has broken below the support area and is currently trading below it. The price is now heading for a retest of this area, and we should observe how it reacts there. This is considered a no-trade zone, and it's better to wait for some time for new entries.
Resistance Area: $0.0637-$0.0652
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XAI followed the plan and tested the support area as expected. We already gave a signal to buy at the support area. You can hold the position with a stop loss. The support and resistance levels remain the same.
Читать полностью…