Bitcoin is slowly moving towards the support area. We may see a test of the $59,000-$60,000 support area before the next move. Let's see how the price reacts on the support area.
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ETHFI is currently testing the lower trendline of a triangle pattern. A bounce towards resistance is possible. Consider opening a small long position with a tight stop loss.
Support Area: $3.40-$3.50
Resistance Area: $4.30-$4.50
CRV analysis:
It is advisable to open a small long position here with a tight stop loss as the price is currently testing the support area. We may then see a bounce towards the resistance area.
Support Area: $0.40-$0.44
Resistance Area: $0.56-$0.58
The SOL price moved upward as expected, pumping more than 16% from the support area. The price is now moving back towards the support area. If you missed out earlier, consider opening a small long position near the support area.
Support Area: $133-$140
Resistance Area: $162-$169
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…NFP analysis:
After a breakout, the price is now retesting the zone. You can open small long positions with a tight stop loss. We may see a bounce from here towards the resistance area.
Support Area: $0.45-$0.47
Resistance Area: $0.605-$0.648
Before a Halving event, the unrealized profit in the Bitcoin supply is at its highest ever, measured by MVRV. This means investors are sitting on big paper gains compared to what they paid. With the MVRV Ratio at 2.26, the average BTC unit has a +126% paper gain at the halving event. Bitcoin top when MVRV is above 3.5 level.
Читать полностью…Bitcoin is currently showing a lack of significant movement and may continue to do so throughout this weekend. The market's volume is decreasing, and there is little strength in the market. We may likely see a drop below the $60,000 support level to grab liquidity. To prepare for this possibility, it is recommended to have a tight stop loss and some stablecoins available to buy the dip.
Читать полностью…According to Glassnode, the inflation rate of bitcoin (0.83%) has been significantly lower than that of gold (2.3%) since the last halving.
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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…