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TAO analysis:
Price broke the triangle pattern and is now retesting it. You can open a small long position here as we may see a bounce from this level.
Buy zone: $452-$460
Resistance Area: $490-$500
The BTC network hashrate is steadily increasing, signaling ongoing investments in mining infrastructure, as per Glassnode data.
Читать полностью…TNSR broke through the resistance area and is now retracing. If you have long positions, consider increasing your stop loss and holding for the potential continuation of the upward movement. You can add more in the buy zone.
Support Area: $1.09-$1.14
Resistance Area: $1.28-$1.31
BCH analysis:
Price is approaching the resistance area. It's advisable to wait for new entries due to this being a no-trade zone. Let's observe how the price reacts to the resistance area.
Support Area: $445-$460
Resistance Area: $550-$570
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Bitcoin is currently trading above the $65,000 mark, which is a positive sign. The US markets have also started to recover after the recent war news, indicating that the upward trend in the cryptocurrency market is likely to continue. The resistance and support levels currently remain unchanged.
Читать полностью…The NUPL indicator suggests that most long-term BTC holders remain steadfast, indicating that widespread market euphoria is not imminent. According to Glassnode data, the current trend is in the early stages of active growth.
Читать полностью…Bitcoin has successfully breached the $65,000 level, signaling a positive development in the market. Following the halving event, the market is exhibiting considerable strength, indicating that the recent downturn may have come to an end. With this momentum, there is anticipation for a potential move towards $70,000 in the near future.
Читать полностью…Bitcoin's volatility has steadily decreased since January 2020, showing fewer extreme peaks. Currently, it sits just below 60%. As Bitcoin solidifies its status as a valuable asset, expect its volatility to further diminish over time.
Читать полностью…Bitcoin Dominance is gradually decreasing, which is a positive signal for altcoins. Let's observe whether Dominance will break below the support area of 55%. This break will continue the upward trend in altcoins.
Читать полностью…STRK analysis:
After the dump, the price is now trading in a downtrend channel. Price is now slowly moving towards the resistance line of the downtrend channel. This is no zone for new entries and better to wait for some time.
CAKE is holding the market structure and its price is moving up from the support area. If you open a long position at support, increase your stop loss and hold.
Support Area: $2.42-$2.70
Resistance Area: $3.61-$3.81
Bitcoin has rebounded after a liquidity grab and is now approaching the $65,000 resistance level. The Bitcoin halving has been completed and there hasn't been much selling activity in the market as of yet. It's possible that we may see some sideways movement over the weekend, with a potential for some significant movements on Monday.
Читать полностью…Bitcoin has dropped below $65,000 level again. The market is giving mixed signals and there is no clear move yet. Let's wait and see how the market performs in the next few days. Keep a tight stop loss in all open positions.
Читать полностью…Educational Post
What Are Airdrop Scams?
Airdrop scams refer to fraudulent schemes designed to deceive cryptocurrency users by offering fake airdrops – supposed giveaways of tokens or coins. These scams exploit the allure of free tokens to trick beginners and unsuspecting individuals into connecting their crypto wallets to malicious websites, transferring assets to fraudsters, or disclosing sensitive information.
How Airdrop Scams Work
Most airdrop scams will involve some sort of phishing technique that lure users into malicious websites. Let’s go through some common methods.
Fake airdrop promotion
Scammers set up phishing websites mimicking legitimate airdrop and promote it through various channels, including social media, email, and messaging platforms. Their goal is to trick users into revealing their sensitive information or connecting their crypto wallets.
In other words, they lure users by promising free tokens in exchange for participating in the airdrop. Once users express interest, scammers may request personal information, wallet addresses, or even private keys under the guise of claiming the airdrop. However, instead of receiving tokens, victims may find their wallets drained or compromised.
Impersonation
Scammers impersonate well-known cryptocurrency exchanges or influencers to gain credibility and lure victims into participating in fraudulent airdrops. Scammers may also hack into legitimate accounts to take advantage of their followers.
STRK breaking the downtrend channel, the price has recently tested it. We may see a continuation of the upward movement. You can open a small long position with a tight stop loss.
Support Area: $1.30-$1.32
Resistance Area: $1.67-$1.80
Bitcoin is gradually trending upwards, hinting at a potential move towards the $70,000 level. Should BTC successfully surpass this milestone, it could trigger a significant upward rally in the broader crypto market.
Читать полностью…Educational Post
What Are Appchains?
Appchains are specialized blockchains designed for a specific function. Unlike general-purpose blockchains that offer a variety of applications, appchains are focused on individual applications. This approach allows for transaction processing, fees, smart contract functionalities, and many other factors tailored to the needs of particular applications.
How Do Appchains Work?
Appchains operate based on the main principles of blockchain technology, but with changes that make them tailored to the needs of individual applications. Each appchain dedicates its resources to a specific task, ensuring that they are not spent on unrelated applications.
Appchains can implement various consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS), that are most suitable for individual applications. For instance, an appchain for a financial application might choose to use a different consensus mechanism than one designed for supply chain management.
In addition, smart contracts on appchains can be specifically designed to meet the demands of individual applications. This allows for more complex contract logic that can enhance the functionality and efficiency of individual applications.
The Liquidation Heatmap data indicates over $50 million in liquidations at the $66,000 level and over $54 million in liquidations at $67,400. This may lead to a liquidation of overleveraged positions in both directions.
Читать полностью…ETHFI analysis:
Price is approaching a decision zone within a big triangle pattern. The next move will be determined by which side the triangle pattern breaks.
Support Area: $3.40-$3.50
Resistance Area: $4.30-$4.40
FET analysis:
Price is attempting to break a resistance area. A successful breakout above this resistance area is bullish and will send the price towards an all-time high resistance area. A break and close above $2.50 is a buy signal, so keep an eye on it.
TNSR analysis:
Price is attempting to break above a resistance area. A bullish break above this resistance will lead to the continuation of the upward movement. You can open a small long position here with a tight stop loss.
Buy Zone: $1.09-$1.14
Stop loss: Below $1
As expected, DOGE rebounded from the support area. If you have opened a long position, consider increasing your stop loss and holding the trade. The support and resistance levels remain unchanged.
Читать полностью…ADA analysis:
The price has recently tested a significant support area and has rebounded from there. If there is another quick sell-off, you can consider placing your buy orders in the support area and waiting. We may see a move towards the resistance area in the coming days.
Support Area: $0.43-$0.46
Resistance Area: $0.588-$0.60
Bitcoin is currently grappling with the $65,000 resistance level but hasn't managed to break through yet. Despite this, the sideways movement is persisting, which could bode well for the altcoin market. Many altcoins are already demonstrating double-digit gains, signalling a potential shift in market dynamics. We'll keep a close eye on how Monday unfolds for further market move.
Читать полностью…We are still very early as compared to the previous bull rallies. This rally is still early and we may see some big waves in the coming months. There may be some small dumps in the way also so be prepared.
Читать полностью…ALGO rebounded from the support area. If you've taken long positions, then you should increase your stop loss and hold the position. We may see a move towards the resistance area. The support and resistance levels remain unchanged.
Читать полностью…