XVS analysis:
The price broke below the support area and is now dropping sharply. It's currently not a good trading zone, so waiting for a test of the lower support area is better.
Support Area: $5.60-$5.75
Resistance Area: $6.40-$6.65
ARPA was unable to hold the support area and broke below the trendline. The price also retested the trendline and is now heading down. This is a no-trade zone, and it's better to stay away for now.
Support Area: $0.032-$0.033
Bitcoin dropped to the lower support area as expected. The price took the liquidity from the lower support area and surged from there. BTC needs to hold the $59,000-$60,000 support zone at all costs; otherwise, we might see a heavy dump.
Читать полностью…ETH is currently testing a major support area. The price needs to hold the support area to remain positive. There is selling pressure from Grayscale after the approval of the spot ETF, similar to what we experienced when the BTC spot ETF was launched. It may be a good idea to accumulate some ETH around the support area.
Support Area: $2850-$3000
Less than 25 minutes until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
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Recent Glassnode data reveals that $BTC long-term holders (LTHs) are increasing their supply.
Despite selling during the recent price rally, LTHs are resuming their HODLing behavior. Short-term holders (STHs) are transitioning to LTH status, indicating a shift in market dynamics.
Educational Post
What Is Cold Storage?
Cold storage is when you keep your digital assets offline to make sure they are safe from hackers. In fact, what you keep offline are the private keys, not the assets. Private keys are cryptographic keys that grant access to your cryptocurrency holdings. Unlike hot wallets, which are connected to the internet and susceptible to online vulnerabilities, cold storage methods keep your private keys offline at all times.
How Does Cold Storage Work?
There are different ways to isolate your private keys from online exposure, including hardware wallets, paper wallets, and air-gapped systems.
Hardware wallets
Hardware wallets are physical devices designed to securely store private keys. These devices often resemble USB drives and offer an additional layer of protection through encryption and PIN authentication. By generating and storing keys offline, hardware wallets ensure that access to funds remains restricted from online threats.
Paper wallets
Paper wallets involve printing or writing down private keys on paper. These physical copies can be stored in a secure location, such as a safe or vault. Paper wallets are considered cold storage since the keys are entirely offline, reducing the risk of cyber attacks.
Paper wallets were popular in the early days of Bitcoin but are now discouraged due to risks. Paper is fragile and can be easily damaged. There are also concerns related to using a potentially infected computer or printer.
Another risk is the misconception that funds can be sent multiple times from the same address. When sending funds from a paper wallet, you must send the entire balance to avoid losses.
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#BingX will list $JWIF on 7th August, 14:00 UTC: https://x.com/BingXOfficial/status/1818972344729362851
$JWIF is unstoppable with back-to-back Top-Tier exchange listings, first #MEXC and now #BingX!
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⏳Less than 24hours left untill $JWIF launching on MEXC, Countdown link: https://www.mexc.com/exchange/JWIF_USDT
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Bitcoin is currently dropping below the support zone. The price is attempting to regain the support area. If the price cannot break above this support area, we might see a move towards the $60,000 major support area. Keep an eye on the price action.
Читать полностью…Key On-Chain Volumes to Watch for $BTC
🔴 Resistance: $67.0K - $70.6K
🔵 Consolidation: $61.1K - $64.7K
🟢 Cycle Support: $46.4K - $51.5K
Highest Volume Bands: $64.0K and $66.9K
Breakout Threshold: Above $70.6K, where $BTC on-chain volumes drop off a cliff.
UMA has bounced from the support area, so if you've opened long positions, you may see a move towards the resistance area and book profits.
Resistance Area: $2.95-$3.05
WAXP analysis:
Price faked out below the support but is now reclaiming it. It needs to hold this support area, and you can open a small long position with a tight stop loss.
Support Area: $0.036-$0.0405
Resistance Area: $0.0606-$0.063
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Check out the full information on MEXC's official announcement: https://www.mexc.com/support/articles/17827791517564
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#JWIF/USDT is going to list on leading Top-Tier exchange #MEXC Today at 13:00UTC🚀
$JWIF recently tweeted about upcoming major partnership with binance listed meme project and Another Tier1 exchange listing is also in pipeline as per their official tweet, which means this undervalued GEM💎 will surely skyrocket in the next few days🚀
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Bitcoin whales have made a significant move, withdrawing 64,000 BTC from exchanges. This marks the largest accumulation since 2015, signaling strong confidence in the market.
Читать полностью…💥Exciting news, dear members! In response to Massive demand from our community, we're thrilled to announce that our next 50X-100X Mega Pump Signal will be hosted at MEXC. Get ready to ride the wave of opportunity with us💥
Date: 11-August-2024 Sunday
Time: 4 PM GMT
Pairing: USDT
Exchange: MEXC
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🚨 US MARKET OPENED BAD due to global recession concerns
Stay tuned for further updates and this will impact the crypto market as well.
🚨Countdown Alert!!
Less than 4 hours until $JWIF Launches on leading🌐 Top-Tier exchange #MEXC!
Also $JWIF listing on #BingX is scheduled for 7th August, 14:00 UTC and recently they tweeted about upcoming major partnership with binance listed meme project and Another Tier1 exchange listing is in pipeline for next week! All these signs point to a massive rally for $JWIF this week!
🔗BingX announcement link: https://bingx.com/en/support/articles/35807009874457/
Ⓜ️MEXC's countdown link: https://www.mexc.com/exchange/JWIF_USDT
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Bitcoin tried to reclaim the support level but was rejected from there. If BTC unable to go above this level then we see a move towards the major support area.
Major Support Area: $59,000-$60,000
#JWIF 🔥
https://x.com/Jerrywifcoin/status/1819055086230032483?t=qxeAMqrlTsfgUMdWXLDjfw&s=19
TKO analysis:
Price is currently testing the support trendline of the triangle. A break and candle close below this level would indicate a bearish trend. It's better to observe the price action at the support before making any decisions.
Support Area: $0.292-$0.296
Resistance Area: $0.32-$0.33
Kraken and Bitstamp have been chosen as the designated exchanges tasked with redistributing creditor funds. Currently, Kraken has received 49,000 BTC, while Bitstamp has received an initial tranche of 10,000 BTC.
Читать полностью…ARPA analysis:
Price was rejected from the resistance area, and now we may see a test of this zone again. The small uptrend line now serves as a support area.
Resistance Area: $0.0448-$0.0477
🔥 As per the #Jerrywifhat official announcement, something HUGE is cooking behind the scenes for $JWIF!
#MEXC listing rescheduled to August 2nd, 14:00UTC! for this monumental reason: https://x.com/jerrywifcoin/status/1818577195826069710?s=46
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This is just the beginning of something big. Get ready to witness a massive 10X-20X pump from $JWIF, continuing the rally! With many big things in the pipeline, the future looks incredibly promising! 💎🔥
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Bitcoin has rebounded near the support area, showing strong buying pressure. The market remains unchanged, and we may experience sideways movement.
Читать полностью…The total cryptocurrency market cap was rejected from the resistance area. We may see a retest of the resistance area and let's see if it can break above it or not.
Resistance Area: $2.45-$2.50 Trillion
Bitcoin experienced a strong rejection at the $70,000 level and dropped in value. This drop is attributed to the US government's movement of seized BTC and the spread of fear, uncertainty, and doubt (FUD), similar to the situation created by the German government. However, there is no need to worry as Bitcoin trades above the crucial support area.
Читать полностью…Bitcoin experienced a strong rejection at the $70,000 level and dropped in value. This drop is attributed to the US government's movement of seized BTC and the spread of fear, uncertainty, and doubt (FUD), similar to the situation created by the German government. However, there is no need to worry as Bitcoin trades above the crucial support area.
Читать полностью…