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…FLOKI Analysis :
FLOKI is bouncing off from the Major Support zone and forming a triangle pattern over it. Market looks very healthy as of now, and long positions can be open after a breakout.
Major Support : $0.00010 - $0.00013
Breakout level : $0.00013
Educational Post
What Is Parallelization?
Parallelization (Parallel Transaction Execution) is a method for processing multiple tasks at the same time. Parallelization is based on the idea of parallelism, which is a concept in computer science that describes the ability to execute multiple processes simultaneously. For blockchain technology, this approach increases the number of transactions per second (TPS) and improves the overall throughput of the network.
How Parallelization Works
Parallelization structures the network to validate multiple transactions simultaneously instead of processing them sequentially (one by one). It uses the available network resources and spreads the task of transaction execution across multiple nodes.
Parallelization checks many potential network states simultaneously, each showing the outcome of validating a particular set of transactions. By exploring these states, the network understands how each transaction would impact the ledger if it was validated. Once the check is over, the network reaches a common state, which reflects the outcome of the parallel validation.
Bitcoin surged in anticipation of the FED rate cuts. The good news is that the price has broken through the resistance area and is now retesting this level. We may see high volatility today, so using a stop loss in all open positions is better.
Читать полностью…KSM analysis:
Price is currently trading within the support and resistance area, creating a no-trade zone. It's best to wait for a breakout above the resistance area or a test of the support area.
Support Area: $15.70-$16.70
Resistance Area: $27.00-$28.60
DOT analysis:
Price is currently trading within a symmetrical triangle pattern and respecting both the support and resistance lines. Consider opening a long position near the support area with a tight stop loss. The direction of the next move will be determined by a breakout from this triangle.
Support Area: $4.00-$4.05
Resistance Area: $4.50-$4.55
PYTH analysis:
Price has rebounded from the support area and is now heading back towards it. Consider opening long positions near the support area with a tight stop loss. A good upward rally may occur after the accumulation is completed.
Support Area: $0.23-$0.26
Resistance Area: $0.39-$0.41
Digital asset investment products (ETFs) experienced a notable reversal, with inflows reaching $436 million following a prior period of outflows totaling $1.2 billion. Bitcoin led the recovery, attracting $436 million in inflows after a 10-day streak of outflows amounting to $1.18 billion.
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…BTC Liquidation Heatmap (24-hour):
There’s a strong likelihood that high-leverage short positions will face liquidation around the $61.5k mark. This liquidation event could serve as a catalyst, propelling Bitcoin toward a more powerful upward move. Keep a close watch on this level!
MANTA was rejected again after testing the resistance area. This is the crucial resistance area, and the price needs to break this level to turn bullish. The support and resistance levels remain unchanged.
Читать полностью…FED Rate Cut Tomorrow: Here’s What We can Expect
1. Instant Pump: The market reacts quickly with a surge.
2. Profit Taking: Short-term holders and retail traders sell, causing a brief dump.
3. Sell the News: We see a dip as people sell on the event, leading to accumulation.
4. Market Clean-up: After some boredom and loss of hope, the market gets clean and pumps non-stop.
The number of Bitcoin addresses sending coins to exchanges has dropped to its lowest since 2016, which may suggest reduced selling pressure.
Читать полностью…Bitcoin is currently trading around $58,000. There might be more sideways movement before the next upward trend. The major resistance level remains unchanged.
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The TOTAL crypto market cap has broken the $2 trillion resistance area. The price is currently retesting this level, and this is a good sign as a bounce may occur from here.
Читать полностью…