XAI analysis:
Price is plummeting after testing the resistance area, heading towards the support area where buy orders can be placed.
Support Area: $0.17-$0.18
Resistance Area: $0.243-$0.258
SHIB analysis:
Price is currently consolidating after a strong rally. Consider purchasing SHIB near the support level for a potential uptrend continuation after a retest.
Support Area: $0.0000157-$0.0000161
Resistance Area: $0.000020-$0.000022
Bitcoin has failed to hold the key support area and is now trading below it. The price is heading for a retest of the level, and it’s crucial to see if BTC can reclaim it. If Bitcoin fails to reclaim the support, we could see further downward movement ahead.
Читать полностью…AXL analysis:
Price is currently trading within a range bounded by a support and resistance area. It is advisable to refrain from trading in this zone and wait for a more favorable setup.
Support Area: $0.456-$0.482
Resistance Area: $0.77-$0.805
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Bitcoin has reached the lowest point of the support area and has created a wick below it, potentially to liquidate overleveraged positions. It's important for the price to hold this support area. If the support is broken, it could lead to more selling and send the price towards the $62,000 level. It's advisable to maintain tight stop-loss levels in all open positions.
Читать полностью…The amount of Bitcoin on exchanges continues to decline, signaling a reduction in selling pressure as more holders choose to move their BTC off platforms. This trend often indicates growing confidence among investors and could be a bullish sign for long-term price stability.
Читать полностью…Bitcoin is currently retesting the zone after the breakout. The price needs to hold the support area to remain bullish. We may see some movement on Monday when global markets open.
Support Area: $64,500-$65,300
ACA analysis:
The price is currently trading within a triangle pattern, and the breakout from this pattern will determine the next market move. Consider opening a long position when the price tests the local support area. If the breakout occurs, we could see a move towards the resistance line of the triangle.
Local Support Area: $0.0636-$0.066
Resistance Area: $0.077-$0.078
FLOKI is performing well, with a long position yielding a peak profit of over 36%. Consider taking some profit or maintaining the position with a trailing stop loss. The resistance area remains unchanged.
Читать полностью…Bitcoin has successfully broken through the resistance area and is holding above it. The market looks bullish, and we may see a continuation of the upward movement.
Читать полностью…Binance CEO Changpeng Zhao (CZ) is set to be released today because of the weekend holiday. Bitcoin is also reacting to the news and moving up.
Читать полностью…DOT is performing well and following the textbook pattern. The price tested the support line and is now moving upward towards the resistance area. Our long position is currently more than 23% profitable from our entry point. The price has now reached the resistance area, and a break above this level could lead to a strong rally in DOT. It's recommended to hold the position with a trailing stop loss.
Читать полностью…Finally, Bitcoin has been able to break through the resistance area as expected. The market is looking good and positive sentiments are back. We may see some sideways movement around the $65,000 mark for the weekend and a continuation of the upward movement from next week.
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Bitcoin is experiencing a sharp decline as news breaks that Iran has launched missiles on Israel. This escalation is causing a major sell-off across global markets, and crypto is no exception. Exercise caution and use tight stop losses on all open positions to manage risk. Stay alert.
Читать полностью…ACA dropped to the local support area and bounced as expected. If you opened a long position, it's time to increase your stop loss to secure profits. We may see a move toward the resistance area of the triangle in the coming days.
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Educational Post
What is Bitcoin Core?
Bitcoin Core is the leading implementation of the software enabling users to interact with the Bitcoin network. It is not owned by any single business or organization but is instead updated and reviewed by a community of worldwide developers.
The software was initially released by Satoshi Nakamoto (under the name Bitcoin), only to be later renamed to Bitcoin Core to avoid any confusion.
What does it do?
By running the Bitcoin Core code, a user effectively acts as a node on the network. They can independently verify the validity of blocks received, as well as transactions sent by other users. This keeps miners in check and means that the user needs not trust anyone (such as a wallet provider) to display the correct view of the blockchain.
Bundled into the software is a wallet. Users can use this directly from within the application, or tether external wallets to their node to validate received transactions.
Should I run Bitcoin Core?
Users that frequently transact in Bitcoin should consider running a node to enjoy the various privacy and security benefits. A typical software wallet (one that does not interface with the user’s node) queries third-party servers for the user’s balance.
This practice can be of some concern, as it allows the server to tie the user’s balance to their IP address. The third party can reasonably infer that the user owns the public addresses they ask about.
In a similar vein, total reliance on a block explorer is dangerous from a transparency standpoint. As users have only a single point of reference for their balances, it is easy for the server to transmit false information to them.
The TOTAL cryptocurrency market cap continues to rise after the retest. The overall market is bullish, and we may see a move towards the $2.50 trillion resistance area in the coming weeks.
Читать полностью…DATA analysis:
The price has been rejected from the resistance area and is now trading below it. We may see another test of the resistance area, and we should observe how the price reacts there. This is currently not a good trading zone, and it's better to wait for some time before considering new entries.
Resistance Area: $0.0485-$0.0518
SUPER has reached the resistance area and it seems to have been rejected in the first attempt. This is why we are waiting for a clear breakout in the area. We may see a test of the local support area now, and you can open a long position there.
Local Support Area: $0.99-$1.01
Resistance Area: $1.11-$1.16
Bitcoin's daily transaction volume has reached an impressive $46.4 billion, surpassing the volumes processed by traditional giants like Visa and Mastercard, according to analysts at Glassnode. This milestone highlights the growing adoption and utility of Bitcoin in global transactions.
Читать полностью…HBAR has broken the resistance area and is now retesting this level. You can open a long position at the support area with a tight stop loss. We may see a move towards the resistance area in the coming days.
Support Area: $0.0586-$0.062
Resistance Area: $0.0778-$0.0796
FET Analysis:
The price is gradually approaching the major resistance zone. This is a critical level to watch, and it’s important to wait for a clear breakout before making any moves. Right now, it’s not an ideal trading zone due to potential volatility. Better to observe how the price reacts once it hits the resistance area.
Resistance Area: $1.85 - $1.95
Data from Glassnode reveals that Bitcoin (BTC) has experienced a substantial increase in accumulation over the past 30 days, with investors accumulating around 88,000 BTC. This is particularly notable since only 13,500 BTC were mined during the same period. The last time we saw such intensive accumulation was in Q4 2023, when Bitcoin's price surged significantly. This suggests growing demand and potential bullish momentum in the market.
Читать полностью…FLOKI is continuing its upward movement as expected after the retest. Our long position is now in more than 19% profit from our entry. The price is approaching the resistance area, so let's see how it reacts there. You can hold the position with a trailing stop loss.
Next Resistance Area: $0.000194-$0.000206
Despite ongoing price consolidation and capital outflows, Glassnode analysts highlight strong confidence among new investors. Short-term holders (STHs) have experienced relatively low realized losses compared to their cost basis, indicating greater confidence than during previous bearish trends. This suggests resilience among newer market participants despite current market conditions.
Читать полностью…DODO analysis:
Price has broken the resistance area and is now retesting this level. A bounce from here towards the next resistance area may be possible. Consider opening a long position here with a tight stop loss.
Support Area: $0.128-$0.138
Resistance Area: $0.192-$0.206