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Ethereum Name Service ($ENS) Partners with Ubisoft Coin Surge 10The Ethereum Name Service ( NYSE:ENS ) has captured attention once again, surging 10% following a groundbreaking partnership with Ubisoft. This collaboration aims to integrate ENS subdomains into Ubisoft’s identity card system for the Captain Laserhawk universe, merging Web3 innovation with immersive gaming experiences. About Ethereum Name Service (ENS) ENS is a decentralized naming system on the Ethereum blockchain, translating complex wallet addresses into simple, human-readable names like *john.eth*. It revolutionizes the way users interact with blockchain technology, making it as seamless as accessing websites via traditional domain names. Beyond usability, ENS enables ownership of digital identities and supports Soulbound Tokens (SBT) and Real-World Asset (RWA) tokenization, solidifying its role in the decentralized identity space. Since its launch, ENS has built a robust reputation, supported by its November 2021 retroactive airdrop, and now ranks among the top Ethereum-based projects. The Ubisoft Partnership Ubisoft, a global leader in gaming, recently unveiled a project inspired by its popular **Captain Laserhawk animated series**, collaborating with Magic Eden to expand blockchain gaming horizons. Through this partnership, ENS subdomains will power the identity system in the Captain Laserhawk universe, merging the blockchain ecosystem with the gaming world. This move highlights the growing convergence of blockchain and gaming, as well as ENS's critical role in facilitating seamless integration. Market Reaction The announcement fueled NYSE:ENS ’s rally, pushing its price to $44.29 with an 8.11% daily gain. Over the past four days, NYSE:ENS has surged by 45%, recovering from its recent low of $30.33. With trading volumes exceeding $813M in the last 24 hours, the momentum shows no signs of slowing down. Technical Outlook On the charts, NYSE:ENS is exhibiting signs of bullish continuation: - Support Level: In case of a pullback, the 38.2% Fibonacci retracement level near $40 could act as a strong support zone. - Resistance Level: Persistent bullish pressure could push NYSE:ENS to test the $50 resistance level, marking a significant psychological and technical milestone. - Relative Strength Index (RSI): The RSI indicates room for further growth, reinforcing the possibility of a sustained uptrend. Why This Matters This partnership underscores ENS’s growing relevance in bridging Web3 with mainstream industries like gaming. The ability to seamlessly integrate ENS subdomains into complex ecosystems like Ubisoft’s highlights its adaptability and potential for widespread adoption. As the gaming industry embraces blockchain solutions, NYSE:ENS is positioned as a vital component of this evolution, offering decentralized identity management that is both scalable and user-friendly. Looking Ahead With a $1.55B market cap and an ever-expanding ecosystem, ENS continues to lead in decentralized naming services. Its partnership with Ubisoft not only boosts its fundamental value but also opens doors to new applications in gaming and beyond. Should bullish momentum persist, NYSE:ENS could break past $50, further solidifying its position as a key player in the blockchain and gaming spaces. Investors and enthusiasts alike will be watching closely as ENS continues to push the boundaries of decentralized identity and integration.
Long
by DEXWireNews
ALTCOINS to the moonCRYPTOCAP:BTC.D * Since 9 September 2024 and the chart still following the pig picture & the big plan as well .( please check the post below here). * It was so nice entries & it was altcoins bottoms. * Retest for the reversal range breakout is already done and you could see that in the altcoins chart. * Now the BTC. Dominance need to break 53.71% and close 1W Candle below. * Then re-test to continue dumping. * I think the next wave for the altcoin is so huge , if you missed the bottoms you still have another opportunity with this correction. * May be some coins will give you nice entry by the end of this month. * This plan may take long weeks to be done. * I was expecting BTC price is going to dump before going to 100K but it worked against my plan but in the end BTC price broke the high so ( BTC price now is in the market maker hands & under their control). *I did mistake because the chart was showing that BTC is going up but i thought it is a trap because i was emotionally controlled by the media & i did not believe the chart. *To review the previous post for BTC. Dominance check it below............... ______________________________________________________________ Golden Advices. ******************** * This is my expectation for next weeks & may be i am completely wrong, Please do your own plan. * Please calculate your losses before entering any trade. * Do not enter any trade you find it not suitable for you. * No FOMO - No Rush , it is a long journey. Useful Tags. **************** My total posts www.tradingview.com 1Million Journey www.tradingview.com www.tradingview.com @Crypto_alphabit ________________
CRYPTOCAP:BTC.DShort
by Crypto_alphabit
$XRP and AI: A Game-Changing Partnership with Atua AIRipple ( CRYPTOCAP:XRP ) is set to benefit from a major boost in innovation and adoption following an announcement from KaJ Labs, the developer behind the on-chain enterprise platform Atua AI (TUA). The lab has committed an astounding $100 million to develop advanced AI tools tailored specifically for the XRP ecosystem. This strategic move underscores the growing convergence of blockchain and artificial intelligence technologies, signaling a transformative phase for decentralized finance (DeFi) and enterprise solutions. A $100 Million Vision for AI and Blockchain KaJ Labs’ funding initiative focuses on creating AI-driven solutions that enhance Ripple’s robust infrastructure. Key areas of development include: - Streamlining enterprise operations through AI-powered automation. - Enhancing DeFi functionality with predictive analytics and real-time insights. - Advancing XRP-based platforms by integrating AI tools for decision-making and workflow optimization. This investment represents a pivotal step toward expanding Ripple's utility beyond cross-border payments, positioning XRP as a central player in decentralized enterprise innovation. Ripple’s Advantage: AI Meets Blockchain Atua AI’s focus on Ripple’s scalable and efficient ecosystem offers a unique synergy. Ripple’s infrastructure, known for low transaction fees and high-speed capabilities, complements Atua AI’s cutting-edge solutions. Together, they aim to revolutionize how businesses operate, offering benefits like: - Real-time analytics for informed decision-making. - Predictive modeling to anticipate market trends. - Seamless automation to enhance operational efficiency. Market Impact: CRYPTOCAP:XRP Price Outlook Despite a minor dip of 0.33%, CRYPTOCAP:XRP remains a hot topic among traders. Currently consolidating after a surge near $3, XRP’s Relative Strength Index (RSI) stands at 48.78. This indicates a balanced market sentiment, with potential for bullish momentum fueled by the Atua AI announcement. The partnership is expected to ignite interest among institutional and retail investors, potentially driving CRYPTOCAP:XRP toward new highs. Immediate resistance lies near $3, while support around $2.75 provides stability for further accumulation. Fundamental and Technical Insights Align This groundbreaking initiative positions CRYPTOCAP:XRP at the intersection of blockchain and AI, enhancing its appeal as a multi-faceted asset. As KaJ Labs channels its $100 million investment into research, AI model training, and deployment, the Ripple ecosystem is poised to benefit from accelerated innovation and adoption. For traders, CRYPTOCAP:XRP offers a compelling narrative: a top-tier cryptocurrency backed by cutting-edge technology and transformative partnerships. Conclusion KaJ Labs’ $100 million commitment to the XRP ecosystem highlights the increasing role of AI in blockchain. With Atua AI spearheading this initiative, Ripple is set to unlock new possibilities for DeFi and enterprise solutions, paving the way for a more integrated and efficient decentralized economy. Key Levels to Watch: - Resistance: $3 - Support: $2.04 - RSI: 48.78, indicating potential bullish movement. Ripple and Atua AI’s partnership represents a milestone for blockchain innovation, with CRYPTOCAP:XRP poised to lead the charge into a new era of decentralized intelligence.
Long
by DEXWireNews
2
Polkadot: New Yearly High Soon?Polkadot is currently showing a slight downward trend. However, since hitting the pink wave II low at $7.42, the cryptocurrency has made a significant recovery. According to our primary scenario, the ongoing impulsive wave III should push the price well above the $10.52 resistance before the next interim correction in the pink five-wave pattern begins. However, Polkadot is unlikely to surge straight to a new all-time high without experiencing occasional pullbacks along the way. Indeed, there is even a chance for a new low of wave alt. II below $7.42.
BINANCE:DOTUSD
by MarketIntel
Phemex Analysis #43: 1MBABYDOGE Soars 271% — Time to Enter?In the unpredictable world of cryptocurrency, PHEMEX:1000000BABYDOGEUSDT.P (1MBABYDOGE) has emerged as a standout performer, achieving an impressive exponential rise while many other coins have struggled. Over a brief span from December 7 to December 10, the price surged from $0.002458 to a peak of $0.006677, representing a remarkable 271% increase in just three days. This exceptional performance raises intriguing questions about the future trajectory of 1MBABYDOGE. In this analysis, we will utilize key support and resistance levels to explore potential scenarios for this coin, helping investors make informed decisions about whether to go long or short and, most importantly, when to enter the market. Possible Scenarios 1. Continue Rise (Go Long): Currently, the price appears to be entering a consolidation phase. However, if it can break through the resistance level at $0.005787 with high trading volume, this would indicate a strong likelihood of continued upward movement and present a good opportunity to go long. If you choose to go long, pay close attention to the RSI levels; a higher price accompanied by a lower RSI could signal an unsustainable rise, suggesting that it may be wise to exit if a significant bearish candle appears. Conversely, a higher price accompanied by a higher RSI could signal continued upward movement. 2. Price Reverse (Go Short/Buy the Dip): Should the price reverse and drop below $0.004517 with high volume, this would present a compelling opportunity to go short. Support levels at $0.0040 and $0.0030 are important considerations for taking profits on your short position. Conversely, if you maintain a positive long-term outlook on 1MBABYDOGE, consider buying the dip at support levels around $0.0040 and $0.0030. Conclusion As we analyze the potential scenarios for 1MBABYDOGE's price movements, it is evident that this coin's recent surge presents both opportunities and challenges for traders. Understanding key support and resistance levels is crucial for navigating this volatile market effectively. Whether you decide to capitalize on a potential upward trend or prepare for a possible reversal, staying informed about market dynamics will empower you to make strategic decisions. In the fast-paced world of cryptocurrency trading, timing and awareness are essential; by leveraging these insights, investors can better position themselves for success in their trading endeavors with 1MBABYDOGE. Tips: Trade Smarter, Not Harder with Phemex. Benefit from cutting-edge features like multiple watchlists, basket orders, and real-time strategy adjustments. Our unique scaled order system and iceberg order functionality give you a competitive edge. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
ASTUSDT | HUGE VOLUME SPIKE %700Volume Surge: Daily trading volume has increased by 700%, indicating heightened activity and interest in the pair. Price Rejection: Despite a strong price rejection, evidence suggests the presence of buyers, signaling potential accumulation. Key Levels: Buy Zones: Marked with black lines, these levels indicate where buyers are likely to become active. Stop Point: Set at 0.097, providing a clear risk management level. I keep my charts clean and simple because I believe clarity leads to better decisions. My approach is built on years of experience and a solid track record. I don’t claim to know it all, but I’m confident in my ability to spot high-probability setups. My Previous Analysis 🐶 DOGEUSDT.P: Next Move 🎨 RENDERUSDT.P: Opportunity of the Month 💎 ETHUSDT.P: Where to Retrace 🟢 BNBUSDT.P: Potential Surge 📊 BTC Dominance: Reaction Zone 🌊 WAVESUSDT.P: Demand Zone Potential 🟣 UNIUSDT.P: Long-Term Trade 🔵 XRPUSDT.P: Entry Zones 🔗 LINKUSDT.P: Follow The River 📈 BTCUSDT.P: Two Key Demand Zones 🟩 POLUSDT: Bullish Momentum 🌟 PENDLEUSDT: Where Opportunity Meets Precision 🔥 BTCUSDT.P: Liquidation of Highly Leveraged Longs 🌊 SOLUSDT.P: SOL's Dip - Your Opportunity 🐸 1000PEPEUSDT.P: Prime Bounce Zone Unlocked 🚀 ETHUSDT.P: Set to Explode - Don't Miss This Game Changer 🤖 IQUSDT: Smart Plan ⚡️ PONDUSDT: A Trade Not Taken Is Better Than a Losing One 💼 STMXUSDT: 2 Buying Areas
Long
by XU99
Chainlink Surge Over 20%: A Testament to Growing DeFi ConfidenceChainlink ( CRYPTOCAP:LINK ) has stolen the spotlight in the cryptocurrency market, achieving a remarkable 20.43% surge in the past 24 hours, closing at $28.44. As a leader in decentralized oracles, Chainlink continues to demonstrate its pivotal role in the decentralized finance (DeFi) ecosystem. Technical Overview Chainlink’s surge began early in the day, breaking critical resistance levels and achieving an intraday high. Despite pulling back slightly, LINK still boasts a robust 16.8% gain, signaling strong market interest. Key Levels: - Resistance: $30 remains the next major hurdle. Breaking this could propel LINK further into uncharted territory. - Support: Strong support is evident around $25, ensuring stability amid potential profit-taking. RSI (Relative Strength Index): Holding at 62, the RSI suggests a healthy bullish trend without reaching overbought territory, leaving room for further growth. Trading Volume: Substantial trading activity underscores increased demand, confirming a strong investor appetite for $LINK. Strengths Driving the Rally 1. Role in DeFi Expansion: Chainlink’s decentralized oracle technology has become indispensable for the DeFi space, powering data feeds for smart contracts across multiple blockchain networks. This critical role boosts investor confidence in the project’s long-term viability. 2. Growing Adoption: Chainlink’s expanding partnerships and integrations have further cemented its reputation. Recent collaborations with prominent blockchain projects have likely fueled optimism, as they highlight real-world use cases for LINK’s technology. 3. Market Sentiment: Chainlink’s surge comes at a time when the broader cryptocurrency market exhibits modest fluctuations. LINK’s outperformance reflects strong sentiment around its unique value proposition in the blockchain ecosystem. What’s Next for Chainlink? Market participants are closely watching LINK’s next moves. A decisive breakout above $30 could catalyze another wave of upward momentum, potentially targeting $35. However, a failure to hold current levels might see LINK retest support at $25, offering another entry point for long-term investors. As the DeFi sector continues to grow, Chainlink remains at its core, providing crucial infrastructure for data integrity and security. This, coupled with its technical strength, makes it a token to watch in the coming weeks. Final Thoughts Chainlink’s recent rally underscores its importance in the cryptocurrency space, both as a technological innovator and a valuable asset for investors. With a strong technical setup and growing adoption, LINK appears poised to sustain its upward trajectory. Investors, however, should remain mindful of market volatility and key levels as the token seeks to navigate its next phase of growth.
COINBASE:LINKUSDLong
by DEXWireNews
2
RNDR | BULLISH ALTS | RNDR Incoming ATH Render has been one of my top alts since Jan 2024, and it hasn't disappointed, currently standing at 140% increase, and if you account for the ATH in March, 245%. As Bitcoin trades range we're patiently waiting for Ethereum to make a new ATH. This will encourage the rest of alts to make a final push up, that is AFTER ETH made a new ATH. That's why it's so important to watch Ethereum, and the Bitcoin dominance chart. More on that topic HERE: ____________________ GEMINI:RNDRUSD
GEMINI:RNDRUSDLong
by CryptoCheck-
3
BTC.D Analysis - Dominance Faces 200-Day MA ResistanceTrend Indicator: - **PSAR**: Turned green, indicating a potential recovery attempt, but the rejection at the **200-day MA** dampens the bullish outlook. Key Observations: 1. **200-Day MA (~57.1%)**: Rejection here underscores strong resistance, halting the recent upward momentum. 2. **Fibonacci Levels**: - **0.382 Fib (~60%)** remains the primary upper resistance. - **0.236 Fib (~50.5%)** acts as the key lower support, aligning with a potential consolidation zone. Oscillators: - **OBV**: Declining, reflecting weaker buying pressure and increasing distribution. - **RSI**: At 38.8, moving downward toward oversold conditions, suggesting bearish momentum persists. - **MACD**: Bearish crossover confirmed, with the histogram in negative territory, indicating increased selling pressure. Volume: Selling volume has increased, reinforcing the rejection narrative at the **200-day MA**. Outlook: The rejection at the **200-day MA** signals potential continued downside, with the **0.236 Fib level (~50.5%)** emerging as a critical support. If this level holds, dominance could attempt another recovery. However, failure to maintain this support may lead to further downside momentum. Keep an eye on the oscillators for oversold signals as they may indicate a reversal opportunity. Optimistic Altseason Outlook The rejection at the **200-day MA** and declining BTC.D suggest a possible shift in market sentiment. Historically, such dominance pullbacks often signal the onset of **altseason**, where capital rotates into high-performing altcoins. With BTC dominance stalling below 57%, altcoins may find a chance to outperform. As dominance approaches the **0.236 Fib level (~50.5%)**, altcoins may experience renewed interest, particularly if BTC consolidates or retraces further. Combined with oversold oscillator signals and declining BTC-centric volume, this creates an environment ripe for altcoin rallies. Keep an eye on BTC.D's movement near key support levels and watch for strong volume shifts into altcoins. A breakout in key altcoin leaders could confirm the start of altseason. Stay diversified and ready to capitalize on the opportunities ahead! 🚀
CRYPTOCAP:BTC.DShort
by vagada
2
Atlseason Is Incoming, But Be Ready To Leave The Market in 2025!Hello, Skyrexians! In one of our previous articles we mentioned why BTC dominance crash is imminent. Today we consider this analysis using CRYPTOCAP:OTHERS.D chart. This is capitalization of all crypto excluding top-10. We suppose that most of you invest in coins out of top ten ranking for potential bigger gains. Today we have a great news for those who hold such assets. Let's take a look at the monthly time frame. We can see the clear 5 waves structures. Wave 4 in our opinion has been already finished. Our Bullish/Bearish Reversal Bar Indicator has printed the green dot which is strong bullish signal. As always, alerts from this indicator are automatically replicated on my accounts. You can find the information in our article on TradingView . You can see how this indicator performed in the past: after a red dot printed the massive decrease. Now OTHERS dominance is in wave 5 which has the target 25%. There is going to be the great opportunity to take profit because in 2026 we expect the large correction and most of altos can die. Best regards, Skyrexio Team ___________________________________________________________ Please, boost this article and subscribe our page if you like analysis!
CRYPTOCAP:OTHERS.DLong
by Skyrexio
10
BTC Breaks $101,000: BlackRock Advocates 2% Portfolio AllocationBitcoin ( CRYPTOCAP:BTC ), the world’s leading cryptocurrency, has reclaimed the $101,000 mark, riding a wave of institutional endorsements and bullish technical indicators. A groundbreaking paper from BlackRock, the world’s largest asset manager, has highlighted Bitcoin’s potential role in diversified portfolios, suggesting a 1% to 2% allocation as a “reasonable range.” This development comes as Bitcoin surges amid macroeconomic and political tailwinds. BlackRock’s Strategic Endorsement BlackRock’s latest report emphasizes Bitcoin’s place in multi-asset portfolios, comparing its risk profile to the "Magnificent Seven" technology stocks in a 60/40 stocks-and-bonds portfolio. While cautioning against exceeding a 2% allocation due to increased portfolio risk, BlackRock’s endorsement underscores the asset’s growing legitimacy. According to Samara Cohen, BlackRock’s CIO of ETF and Index Investments, “A Bitcoin allocation would provide a diverse source of risk, while overweighting tech stocks amplifies portfolio concentration.” The paper also notes Bitcoin’s low correlation with traditional assets, albeit with significant volatility. Factors Driving Bitcoin’s Rally Bitcoin’s recent surge is bolstered by multiple factors: - Political Support: President-elect Donald Trump’s pro-crypto stance and his appointments of blockchain-friendly officials have revitalized market confidence. - ETF Adoption: The January 2024 launch of U.S. spot Bitcoin ETFs has been a game-changer. These funds have amassed over $113 billion in assets, with $10 billion inflows recorded since Trump’s victory in November. - Institutional Interest: With BlackRock’s IBIT leading the pack, institutional adoption is seen as a harbinger of reduced volatility and enhanced legitimacy. However, BlackRock’s report tempers optimism by pointing out Bitcoin’s historically sharp drawdowns, ranging from 70% to 80%. While wider adoption could stabilize prices, it may also curtail the dramatic gains that attract speculative investors. Technical Analysis: A Bullish Trajectory? Bitcoin’s technical indicators signal potential bullish momentum as it consolidates above $100,000. Here’s a closer look: - Current Price Movement: Bitcoin is up 0.41% at the time of writing, showing resilience after a dip to $96,000 during a selling spree. - Key Resistance Levels: A breakout above the $115,000 pivot could ignite a bullish rally, potentially driving prices to $150,000 by Christmas. - Support Zones: Should consolidation persist, support lies at the 38.2% Fibonacci retracement level, coinciding with $95,000. - Market Sentiment: Bitcoin’s year-to-date growth of 140% underscores robust investor confidence, despite its inherent volatility. Balancing Risk and Reward The BlackRock report advises adopting a “risk budgeting” approach to Bitcoin investments, particularly given its outsized impact on total portfolio risk. While Bitcoin’s low correlation to traditional assets adds diversification, its volatility demands cautious sizing. For investors eyeing Bitcoin’s potential to reach $150,000, the strategy should account for key risk factors, including possible retracements and the evolving regulatory landscape. As institutional adoption grows, Bitcoin could mature into a less volatile but equally vital component of diversified portfolios. Conclusion Bitcoin’s ascent past $101,000, coupled with BlackRock’s ringing endorsement, marks a pivotal moment for the cryptocurrency market. As 2024 draws to a close, Bitcoin remains a high-reward, high-risk asset poised to redefine portfolio strategies. With technical and fundamental indicators aligning, investors are watching closely—whether for the next breakout or the next buying opportunity at key support levels. Will Bitcoin’s rally extend to new heights, or will its infamous volatility temper the excitement? Only time will tell, but the stage is undoubtedly set for an electrifying finish to the year.
BINANCE:BTCUSDLong
by DEXWireNews
$AAVE - Donald Trump has bought it !!Hey Community, I am back with ideas and setups from time to time here so I would appreciate the like and follow and enjoy all the content ♥ Good timing on CRYPTOCAP:AAVE with the entry just before U.S. President-elect Donald Trump's World Liberty Financial has spent $12M on CRYPTOCAP:ETH , CRYPTOCAP:AAVE , and CRYPTOCAP:LINK in the past 10 hours, including: • 2,631 CRYPTOCAP:ETH (10M) at ~$3,801 • 3,357 CRYPTOCAP:AAVE (1M) at ~$297.8 • 41,335 CRYPTOCAP:LINK (1M) at ~$24.19 This is the fund's first purchase of CRYPTOCAP:AAVE and CRYPTOCAP:LINK 🚀 This can send CRYPTOCAP:AAVE higher for longer as the President will do a lot in order to make money with his coin and possibly knows about implementations of CRYPTOCAP:AAVE !
Long
by stromm_by_wmc
Massive -17% flash crash! Stop loss hunting, liquidity grab!CRYPTOCAP:TOTAL3 experienced a historic flash crash that impacted all altcoins, with most losing up to 25% within minutes before bouncing back. This coordinated crash likely affected many cautious holders who had placed stop-loss orders at -10% to -20%, waking up to the unpleasant realization that they lost significant positions during the event. This incident highlights the brutal nature of unregulated markets. Additionally, numerous leveraged longs were likely liquidated, particularly in the altcoin sector. The $100 billion drop has undoubtedly caused widespread pain but could also inject liquidity into the market, potentially fueling a future upward move. Leverage remains inherently risky, and stop-loss orders must be carefully monitored to avoid falling victim to these liquidity-grab tactics orchestrated by market makers. In this market, it’s not just trading—it’s a battlefield. Stay vigilant.
CRYPTOCAP:TOTAL3
by CryptoNikkoid
2
Altcoin 2025 bullrun cycleI think it is no secret to everybody that Bitcoin and Altcoins (including ETH) are very much correlated. But they do have a certain lag in impulses. On the chart you can see altcoin market cap vs Bitcoin market cap (High values). As you can cee, Bitcoin had a new All time high which is ~53% higher than the previous one, while altcoins didn't manage to break the Total market cap ATH. But percentages are not the only thing interesting to us. We are also interested in the dollar delta between them and which one is higher. We only have two major bullish cycles to analyze, therefore any conclusions made frome them may not guarantee that next bull run will be similar. First thing I could notice is that capital flows as follows: new money coming into market first boosts bitcoin and when it goes into its parabolic growth state, Bitcoin market cap is higher than that of Altcoins. And as you can see on the chart, when altoin market cap surpasses bitcoin, it means that most likely that capital inflow into crypto slows down. And most likely it signals near beginning of an overall bear market. I think we should closely monitor this and be ready to start selling when the two lines close once again. Another point of view is the next ATH for both bitcoin and Atlcoins. As I predict in , for bitcoin the next ATH will be around 115-200k and therefore mcap will reach around 3-4 trln. This means that ATH for altcoin mcap will be around 4-5 trln and be ready when CRYPTOCAP:BTC.D becomes lower than 50%. Let's see how this turns out. And by the way total mcap doesn't define each altcoin growth so each coin needs to be analyzed separately.
CRYPTOCAP:TOTAL2Long
by AlexLukyanin
Can we consider this a retest?In my last post on bitcoin dominance I noted that for the first time in a year and a half we had broken our wedge to the downside. This was hugely bullish for altcoins and indeed, we saw some massive pumps occurring in the space. But I also cautioned that we could reverse and head back up to retest the underside of our wedge. This is a classic technical move. I call it "Kiss Mamma Good-bye" as price always seems to like to come back one more sentimental time to an area of supreme significance before moving on. This retest would then cause alts to drop significantly, liquidating many. And we saw this occur this past week. So, can we consider this our retest? I know we didn't touch the underside of our wedge completely but bulls are in a hurry here. They want one last good pump before Christmas. And if my chart is correct, I think we'll get that. ✌️ Stew
CRYPTOCAP:BTC.DShort
by stewdamus
1
Phemex Analysis #42: XRP To the Moon or Back to Earth?The cryptocurrency market is a wild ride, and PHEMEX:XRPUSDT.P has been one of its most thrilling roller coasters lately. After a meteoric 583% surge in just 30 days, many are wondering: is this the real deal, or just another pump-and-dump scheme? Unlike previous bullish cycles, this time feels different. But as the old adage goes, "past performance is not indicative of future results." Today, we'll delve into several potential scenarios that could shape XRP's future trajectory. By understanding these possibilities, you can make informed trading decisions and navigate this volatile market with confidence. Possible Scenarios: 1. Price Going for a 3rd Higher Top with RSI Divergence: We can see that RSI was above 90 during the 1st and 2nd 1D Tops, and it dropped to a low of 61 during the recent dip. This is a strong bearish reversal sign. If the price insists on forming a third higher top (above $2.93) with a lower RSI than the previous two tops (below 90), it's highly likely that a price reversal and subsequent drop will occur. Exercise caution if this scenario unfolds. 2. Price Facing Heavy Resistance at $2.93: The $2.93 level represents the highest price of the second 1D top. Many traders may look to take profits near this level after the recent decline. Therefore, it's possible that the price could encounter significant resistance around $2.93, leading to a sharp downward correction. 3. Price Going for Consolidation: Given the substantial price increase, a consolidation phase is a plausible outcome. During this period, the price may stabilize, and a new support level may form at a higher price. In this case, you could consider entering a position during the consolidation phase and setting a stop-loss order below the recent low. Alternatively, you could wait for a clear breakout before initiating a trade. 4. Price Continuing to Drop: If the price breaks below the $1.90 support level, it may continue to decline further. For long-term bulls, potential buying opportunities may arise at the $1.30 and $1.00 levels. Conclusion The future of XRP remains uncertain, but by analyzing potential scenarios, we can position ourselves for success. Whether it's a third higher top, a resistance test at $2.93, a consolidation phase, or a deeper correction, each scenario presents unique opportunities and risks. Remember, the key to successful trading is patience, discipline, and risk management. As you navigate the exciting world of cryptocurrencies, stay informed, stay vigilant, and most importantly, stay true to your trading plan. Tips: Elevate Your Trading Game with Phemex. Experience unparalleled flexibility with features like multiple watchlists, basket orders, and real-time adjustments to strategy orders. Our USDT-based scaled orders give you precise control over your risk, while iceberg orders provide stealthy execution. Disclaimer: This is NOT financial or investment advice. Please conduct your own research (DYOR). Phemex is not responsible, directly or indirectly, for any damage or loss incurred or claimed to be caused by or in association with the use of or reliance on any content, goods, or services mentioned in this article.
by Phemex
Hedera Hashgraph: Sharp DropWithin just a few hours, HBAR dropped sharply by around 20%, plunging deep into our green Target Zone between $0.29 and $0.22, a range we identify as suitable for long entries. This move marked the low of the green corrective wave 4. During the current impulsive wave 5, we expect a swift recovery toward the recent high at $0.39 and potentially beyond. In our short-term alternative scenario, further selling pressure could momentarily push the price below the support at $0.23 (with a 35% probability). But even in the case of such an extended correction, HBAR would remain within an overarching bullish upward structure.
BINANCE:HBARUSD
by MarketIntel