EDU analysis:
Price has broken through the resistance area and is continuing its upward movement. We expect a move towards the next resistance area in the coming days. You can place your buy orders and wait.
Support Area: $0.54-$0.56
Resistance Area: $0.75-$0.80
NULS has broken through the resistance area and the larger triangle in an upward direction. The price has been rejected from the major resistance area, and we may see another test of the resistance area in the coming days. If the price drops to the support zone, you can consider opening long positions.
Support Area: $0.33-$0.35
Resistance Area: $0.41-$0.44
QKC analysis:
Price currently trades within the support and resistance area, creating a no-trade zone. It's advisable to wait for a clear breakout above the resistance area or a test of the support area for new entries.
Support Area: $0.081-$0.0838
Resistance Area: $0.0120-$0.0125
Last week, digital asset investment products saw modest inflows totaling US$30 million, as recent macroeconomic data suggested the FED might not cut interest rates by 50 basis points in September.
Ethereum attracted only US$4.2 million in inflows, although this figure conceals significant activity among different providers.
On the other hand, Solana experienced outflows of US$39 million, the largest ever recorded, as it struggled with a sharp decline in trading volumes of memecoins, a key driver of its market activity.
Bitcoin has been once again rejected from the $60,000 resistance level and the price is returning to the sideways zone. There may be a continuation of the sideways movement for the next couple of days.
Читать полностью…NULS analysis:
Price is currently approaching the resistance area, while the uptrend line serves as a support area. If there is a breakthrough above the resistance, the price will move towards the resistance trendline of the large triangle.
Resistance Area: $0.253-$0.262
IRIS tested the support area as expected. We hope that you opened a long position at the support area. The price bounced from the support area and now we may see a move towards the resistance level. The position has printed more than a 17% profit from our entry. Hold the position with a trailing stop loss.
Resistance Area: $0.018-$0.019
SKL analysis:
SKL is currently testing the support area, providing an opportunity to open a long position with a tight stop loss. There might be some accumulation at the support area before the next move.
Support Area: $0.030-$0.033
Resistance Area: $0.0525-$0.056
The total marketcap of altcoins (TOTAL2) is trading within a range defined by the support and resistance levels. If TOTAL2 can surpass the resistance level, we could expect a strong uptrend in altcoins. At the moment, altcoins are in an accumulation phase, and we might experience some sideways movement for the next few days.
Читать полностью…REZ analysis:
Price was rejected from the resistance area and is now finding support at the trendline. There may be a move towards the resistance area again. Consider opening a long position with a tight stop loss.
Support Area: $0.0425-$0.043
Resistance Area: $0.053-$0.055
ETH is displaying strength against BTC. It has not dropped much despite Bitcoin volatility, indicating accumulation. There might be an accumulation in ETH before it tests the resistance area.
Читать полностью…ANKR analysis:
Price is currently testing the support area, and we anticipate a rebound from this level. Consider opening a long position with a tight stop loss.
Support Area: $0.024-$0.025
Resistance Area: $0.032-$0.033
LPT has been rejected from the resistance area and is now moving towards the support area. Consider placing buy orders in the support zone and wait.
Support Area: $9.00-$9.60
IRIS analysis:
Price is currently trading within a range, indicating a neutral zone. It's advisable to wait for a test of the support area before considering new entries.
Support Area: $0.0115-$0.0122
Resistance Area: $0.018-$0.019
The TOTAL crypto market cap dropped to a lower support area to grab liquidity and then rebounded from there. Prices are showing a strong upward movement, and the support level has also been retested. We may see a continuation of the upward movement in the crypto market.
Читать полностью…Glassnode reports that long-term investors are still actively accumulating #BTC, even amid the market correction.
Читать полностью…After a week of sideways movement, Bitcoin is finally showing strength. The price broke above the $60,000 level and is now holding this position. We may see some positive movement in all altcoins and BTC.
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The price has just touched the Hash Rate PoW value, often seen as the lower limit defined by estimated production costs.
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Negative funding rates usually mean shorts are paying longs, indicating bearish sentiment. However, in 2024, Glassnode data shows that #Ethereum's funding rates have predominantly been positive, pointing to a bullish outlook from the market.
Читать полностью…Bitcoin continues to test the $60,000 mark but has not broken above it yet. A clear movement may be seen on Monday when the global market opens.
Читать полностью…Educational Post
What Is TON?
TON, short for The Open Network, is a decentralized ecosystem that has the TON Blockchain as its core component. Created by the team behind Telegram, TON aims to address the limitations of existing blockchains, such as scalability, speed, and usability.
History of TON
The development of TON started in 2018, led by Telegram’s founder, Pavel Durov, and his brother, Nikolai Durov. At first, the project aimed to integrate a blockchain-based cryptocurrency (Gram) into the Telegram ecosystem, allowing users to make transactions and access decentralized applications (DApps) directly from the messaging app.
Despite initial enthusiasm and a successful fundraising campaign, legal challenges from the U.S. Securities and Exchange Commission (SEC) forced Telegram to halt its involvement in the project in 2020.
The project was later revived by the open-source community and rebranded as The Open Network (TON). Today, TON is maintained and developed by a community of developers and enthusiasts.
How Does TON Work?
Consensus mechanism
TON uses a Proof of Stake consensus mechanism, where validators are selected based on the number of TON tokens they hold and stake as collateral. Validators are responsible for verifying transactions and adding them to the blockchain. In return, they earn rewards in the form of TON tokens.
Multi-chain architecture
TON adopts a multi-chain architecture that includes the TON blockchain as the masterchain and smaller chains known as workchains.
The TON masterchain is responsible for managing the core ecosystem data, including protocol updates, blockchain validations, and operations between different chains. The workchains are customizable networks that can operate independently and serve different purposes
Bitcoin is currently attempting to surpass the $60,000 level. We will have to wait to see if the price can break above it. If there is a rejection at this point, the price will likely move back towards the lower support area. It is anticipated that there will be sideways movement over the weekend.
Читать полностью…The Accumulation Trend Score (ATS) has surged to its maximum value of 1.0, highlighting a major shift back to accumulation. This indicates significant accumulation in the market over the past month.
Читать полностью…Bitcoin gives a wick to the $56,000 level and is instantly pumped from there. We may see some range trading between the $55,000-$60,000 area for the next few days.
Читать полностью…Positive CVD values suggest a net buy-side pressure, where as negative values infer a net sell-side pressure.
When we analyze the yearly median value of Spot CVD, we can see that the median value has fluctuated between -$22m and -$50m over the last 2 years, suggesting the presence of a net-sell side bias.
As said Bitcoin is giving mixed signals and the price again drops below the $60,000 level. The lower support is $55,000-$56,000 and a possible test of this level is expected before the next move.
Читать полностью…Since March, the outlook for Ethereum (ETH) recovery has been dim. The burn rate has hit an all-time low, while inflation has soared to all-time highs since the switch to Proof of Stake (POS). By the next halving, ETH could surpass Bitcoin in terms of issuance. The transition to Layer 2 solutions isn't generating enough usage to drive demand.
Currently, the primary use case for ETH seems to be moving stablecoins. Additionally, Uniswap's trading volume is declining sharply, with current activity barely over 10% of what it was in March, and the downward trend continues.
$BCCOIN pumping hard since our call and made a high of 3.35$ . The position printed a peak profit of more than 4X from our entry. We hope you booked some Massive profit From our Insider call.
Читать полностью…