$TLOS Weekly - Fastest, Cheapest & Reliable Web3 ProductTelos released EVM 2.0 Upgrade
See below:
We are pleased to announce that as of November 20, 2024, Telos EVM version 2.0 has been successfully deployed to production. It is now accessible at:
Mainnet: rpc . telos . net
Testnet: rpc . testnet . telos . net
Key Features and Technical Considerations
This significant upgrade brings our network closer to feature parity with Ethereum while reducing the install footprint. However, there are a few technical considerations to note:
EIP-1559 Support
The fee market change introduced in the London hard fork (EIP-1559) is still under development and not yet supported.
Long-Running Operations
Long-running multicall (eth_call) read-only operations will no longer time out.
Long-running transactions, however, remain constrained and should be batched.
Solidity Version Limitations
No new changes to Solidity version compatibility. Version 0.8.23 is fully supported, and 0.8.24 is partially supported. See more details here.
Transitioning to Version 2.0
To modernize our infrastructure, we will discontinue support for EVM versions 1.0 and 1.5 in phases. Partners should prepare for this transition to avoid disruption.
Block Hash Calculation Changes
Version 2.0 introduces a new block hash calculation methodology:
Partners not relying on block hashes can migrate seamlessly.
For those dependent on block hashes (e.g., exchanges, indexers, subgraphs), re-indexing the chain may be required.
Note: Transaction hashes remain unchanged.
Rate-Limiting for Legacy Versions
Effective January 6, 2025, we will begin rate-limiting all Telos hosted 1.x RPC infrastructure:
Initial limits: 50 requests per second
Further reductions will follow to encourage migration to version 2.0.
Deprecated RPC Endpoints
The following Mainnet RPC endpoints will soon no longer be supported:
mainnet. telos. net/evm
mainnet15. telos. net/evm
mainnet-us. telos. net/evm
mainnet-eu. telos. net/evm
mainnet-asia. telos .net/evm
Resources for Node Operators
If you are interested in running your own Telos EVM node, detailed resources are available:
Installer Script and Documentation: GitHub Repository
Support: Telos Developer Community
Next Steps
We strongly encourage all partners to begin migrating to Telos EVM 2.0 as soon as possible to take advantage of its enhanced capabilities and ensure uninterrupted service.
Best regards,
Telos Core Developers
Layer2
TradeCityPro | OPUSDT Analysis Prepare Your Bullish Triggers!👋 Welcome to TradeCityPro Channel!
Let’s dive into the market and analyze OPUSDT, focusing on a detailed breakdown of its structure. Remember, those who stay calm and manage their emotions during market corrections are the ones who profit big in the bull run.
🌍 Market Overview
As always, we start with Bitcoin. Currently, it’s undergoing a minor pullback with hourly red candles and good volume. However, this is a positive development as it signals a potential pullback in Bitcoin dominance, possibly forming a lower high on the daily timeframe—a bullish indicator for altcoins.
Currently, Bitcoin is fluctuating around the 94,660 support. If this level is broken and Bitcoin moves toward 91,000 with a rising dominance, altcoins could see another 20-30% drop.
🕒 Weekly Time Frame
OP is a relatively new coin, part of the Layer 2 category, and hasn’t experienced a bull run yet.
The weekly candle shows a strong rejection at 2.688, making it a better resistance level than the previous 3.016. This rejection also enhances the significance of the 2.688 entry point.
Additionally, there’s a hidden trendline that has acted as support in the past, and after breaking it, the price pulled back. It has rejected this level again, suggesting potential future significance.
For safer entries, wait for support confirmation on lower timeframes or a breakout above 2.688. If you already bought at the 1.93 breakout, hold your position and remain patient.
📊 Daily Time Frame
On the daily chart, after breaking out of the accumulation box between 1.324 and 1.833, the price moved the size of the box to reach its first target (R:R 1). From there, it faced a heavy rejection.
pullback to the 1.833 support seems logical as this level aligns with the 50% Fibonacci retracement and Dow Theory principles. Confirmation on lower timeframes could signal a bullish reversal.
For now, wait for the downward momentum to fade before planning new entries. If the market moves sharply upward, this could introduce strong bullish momentum, allowing for higher-risk entries.
🕒 4-Hour Time Frame
On the 4-hour chart, the coin broke a rising trendline, leading to a drop. I personally didn’t open any short positions, nor would I recommend them in this context.
If 2.049 support is broken and Bitcoin dominance rises, the price could drop further to 1.833. Decision-making at that level will be key.
📈 Long Position Trigger
if the price ranges between 2.049 and 2.283 and starts gaining bullish momentum, a breakout above 2.283 with increasing volume would offer an early entry opportunity.
📉 Short Position Trigger
while breaking 2.049 might seem like a trigger, I still don’t recommend it. If you choose to short, watch the RSI, which is deeply oversold.
💡 BTC Pair Insight
In the current conditions, the Bitcoin pair (OPBTC) might not hold much significance. Coins that have either not dropped much or completed healthy corrections with declining bearish momentum are more favorable.
For OPBTC, the key trigger would be a breakout above 0.00002975, which could signal the start of its upward move in a bullish market.
📝 Final Thoughts
Stay calm, trade wisely, and let's capture the market's best opportunities!
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
A8USDT.P on the 3D chart Breaking Out of Consolidation?Ancient8 - Breaking Out of Consolidation?
- **Trendline Breakout**: The chart shows a clear breakout above the descending trendline, signaling a potential bullish shift in momentum. The breakout is accompanied by increased volume, validating the move. 📈
- **Volume Spike**: A significant spike in volume indicates strong buyer interest, which could fuel further upward movement.
- **Moving Averages**: The 20-day MA is sloping upwards, providing short-term support. The price is now trading comfortably above it, suggesting that momentum is shifting in favor of buyers.
- **Indicators**:
- **RSI** at **54.44** suggests neutral territory but trending upward, indicating building momentum.
- **MACD** has crossed bullish, with both the signal line and histogram showing positive trends—another confirmation of the bullish breakout.
- **OBV** is climbing steadily, reflecting strong accumulation by buyers.
- **Key Levels**:
- Immediate resistance lies near **$0.108**. A daily close above this level could confirm the breakout and open the path to higher levels.
- Support is found at **$0.083**, the breakout point from the trendline, and should hold to maintain the bullish outlook.
Conclusion:
The breakout above the trendline, coupled with strong volume and bullish indicators, points to a potential shift in momentum for **A8USDT.P**. A sustained close above **$0.108** would confirm this breakout and could attract more buyers. Watch for follow-through in volume and price action to solidify the bullish scenario. 🚀
Arbitrum and Optimism are becoming very interesting.According to previous cycles, when Bitcoin dominance peaks, Ethereum rises. Arguably, we are there, or about to be, and that made me focus on its ecosystem.
Two of its most known layers 2 are Optimism and Arbitrum, and I want to bring to your attention their charts against BTC.
Optimism is breaking out of a descending wedge, and its target is about 5200 sats, which is in fact a previous support/resistance. Volume is confirming the breakout, and we got a narrative on ETH.
Arbitrum is also breaking out of the same figure, whose target is about 1200 sats. Volume is increasing lately as well.
I'm already posicioned, but in case there is a retracement I'd ancourage you to take a closer look to an entry.
Optimism is determined to conquer the heights! $OPEverything here is beautiful! From technical analysis to blockchain analysis. I can see us moving in a parallel channel, where when combined with fibonacci we come to the 1.618 level right to the upper limits of this price channel. I would expect a value low in the area of $3.5 per coin with the most positive scenario expecting $7.1 per coin. I see the presence of a number of prominent Market Makers in the blockchain, but I don't like the contingent that holds this asset. Perhaps over time people will become disillusioned with the L2 range and sell their coins to a Marketmaker. Thus setting the stage for a hands free flight!
Best wishes, Horban brothers!
ARB Swing Long Idea - Arbitrum Analysis ARB is the leading Ethereum Layer 2 chain. We haven’t seen an ETH rally yet, so ETH-based coins (ETH betas) are currently underperforming. However, I would recommend considering a small position to potentially catch an ETH pump, as these ETH-based coins have significant technical potential.
Technical Analysis: The price took out the 2023 low and created new lows in 2024. It now appears to be building weekly bullish momentum by forming a weekly demand zone.
The daily structure also looks bullish. We recently broke and closed above the bearish trendline. I expect the price to retrace into the weekly demand zone, potentially retest the trendline, and then take off toward the first and second targets.
SL: 0.41
TP1: 0.83
TP2: 1.27
ETHUSD PREPARING FOR LONG ENTRYHello, fellow crypto enthusiasts! How are you feeling this Tuesday? I hope all is well with you!
Here's a quick update on ETH on the daily timeframe. The trading system just flipped short, but since we're in a bull market, we don't take short positions. Instead, we wait for the system to flip long again.
In the meantime, we can monitor three key levels of interest:
1. The 0.382 Fibonacci retracement level (all-time range).
2. The lower highs trendline.
3. The 200-day moving average (200 MA).
If the price holds above at least the 200 MA and the 0.382 Fib level, and the system flips long again, that would give us the green light for a long entry.
Patience is key here! I'll keep this idea updated for both of us.
Thank you for reading!
MNT PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is Mantle Network (MNT) on the daily timeframe. The system has just flipped short right under the 200MA, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again, ideally above the 200MA. Only then will we consider entering the market on the long side.
We can also see that the price has just broken below the 0.618 Fibonacci level (all-time). This indicates two important points:
1. The system signals that we should wait.
2. The price is below a key support zone, which adds to the caution.
Conclusion: We wait for two confirmations:
The system flipping long above the 200MA.
The price reclaiming the 0.618 Fibonacci level as support.
Patience is key, so we’ll revisit this chart tomorrow.
Stay safe!
METISDAO PREPARING FOR LONG ENTRY
Hello everyone, and happy Monday! I wish you all the best for the week ahead!
This is METIS on the daily timeframe. The system has just flipped short, but since we are in a bull market, we don’t take short positions. Instead, we wait for the system to flip long again. Only then do we enter the market on the long side.
We can also see that the price has just dipped below the 0.236 Fibonacci level (all-time). This means two things:
1. The system signals that we should wait.
2. The price is below this key level, which is a crucial support zone.
Conclusion: We wait for two confirmations:
The system flipping long.
The price reclaiming the 0.236 Fibonacci level as support.
Patience is key, so we’ll check this chart again tomorrow.
Stay safe!
MANTA 400% Gain IncomingOMXHEX:MANTA - Technical Analysis Request
Three distributions shown. The current range is likely an accumulation before a breakout.
The value are lows shown of the previous ranges will be the most important resistance zones.
From current price 400% possibility to ATH #MantaNetwork
Lows of the range has been swept. Next challenge is to break the trendline and continue upwards.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
DreamAnalysis | STXUSDT layer-2 blockchain for Bitcoin👋 Welcome back to DreamAnalysis! Today, we're diving into STX (Stacks), a unique layer-2 blockchain for Bitcoin, and analyzing its potential.
🔗 What is Stacks (STX)? Stacks (STX) is a layer-2 blockchain designed specifically to add smart contracts and decentralized applications (DApps) to the Bitcoin network. Smart contracts on Stacks run without altering Bitcoin's core structure, leveraging Bitcoin's security. The STX token is used for transactions and rewarding miners on the Stacks network.
📆 Weekly Analysis of STXUSDT:
In the weekly timeframe, STX shows a more bullish trend compared to many altcoins, which are sitting near their main support levels, while STX remains above these crucial levels.
A rising trendline on the weekly chart indicates that breaking and closing below 1.305 could lead to a decline toward 0.742. If that support breaks, consider temporarily exiting this coin in spot trades.
For re-entry, triggers at 1.987 and 2.444 offer good buying points to hold this Bitcoin layer-2 solution in a bull run. Increasing volume would strengthen this setup. Weekly STX Chart
📉 Daily Analysis of STXUSDT:
In the daily timeframe, STX is consolidating within the 1.65 to 1.987 range, and specific triggers are in place for the next move.
The weekly trendline also remains relevant here, and breaking below 1.65 could result in a drop toward the lower support level within a larger box range.
📊 4-Hour Analysis of STXUSDT: Market sentiment has shifted recently due to geopolitical events, including the Israel-Iran conflict, which has impacted many altcoins, causing widespread selling.
📈 Long Position:
wait for the trendline break and trigger confirmation at 1.82, considering higher timeframe bullishness.
📉 Short Position:
rejection from the trendline and breaking the significant 4-hour support at 1.649 could provide a favorable setup to enter short and follow the downtrend. 4-Hour STX Chart
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with friends, and drop a comment with any other pairs or coins you’d like us to analyze!
📌 Disclaimer: These analyses are based on chart patterns, not strict rules. Technical analysis is an art, and these insights are not financial advice.
APT Defies Market Trends A Bullish Breakout or a Prelude to $15?Aptos ( AMEX:APT ) has been catching the attention of traders and analysts alike, with its ecosystem experiencing significant growth, particularly its Total Value Locked (TVL) hitting an all-time high of $916.26M. As Aptos ( AMEX:APT ) continues to surge, many are asking: is AMEX:APT poised for a major rally, and can it reach the $12 mark— or even $15?
Ecosystem on the Rise
The recent spike in TVL highlights Aptos' growing adoption within the decentralized finance (DeFi) space. Aptos ranks 14th in TVL among blockchain ecosystems, with a current value of $604.64 million spread across 48 protocols. Key contributors to this include Aries Markets, Amnis Finance, Thala, and TruStake, all of which have experienced significant TVL growth in the past month.
The rise in TVL signals that developers and users are increasingly choosing Aptos ( AMEX:APT ) for its efficiency and low fees, a key feature of the Aptos Layer-1 blockchain. Aptos' unique use of the Move programming language, originally developed for Facebook’s Diem project, enables faster, more secure transactions. The network's ability to handle 13,000+ transactions per second (TPS) with Block-STM, a system for parallel transaction processing, has attracted partnerships with major players like Microsoft, AWS, and Mastercard. These alliances showcase Aptos' real-world potential for use in sectors like gaming, AI, and NFTs.
Aptos NFT Surge: A Growing Asset Class
Aptos ( AMEX:APT ) is also making waves in the NFT space. Over the last 30 days, Aptos saw 3.9K new collections, with total NFT sales of $24.5M. With 652.5K active wallets, Aptos is rapidly growing its footprint in the NFT marketplace. This surge further solidifies its reputation as a blockchain with wide-ranging applications beyond DeFi, adding momentum to its ongoing rally.
Technical Outlook
From a technical standpoint, Aptos ( AMEX:APT ) is showing strong bullish momentum. Since breaking out of the $9.36 level on October 13, AMEX:APT has continued its upward trend, currently trading at around $10.90. The next significant resistance level sits at $12, and a break above this could trigger a rally toward $15, potentially even testing its all-time high of $19.42—a 75% upside from the current price.
The key technical indicators further support the bullish outlook. The Relative Strength Index (RSI) is at 68, signaling strong buying pressure without being overbought, leaving room for further gains. Moreover, the 50-day Moving Average is nearing a Golden Cross formation, where it crosses above the 200-day Moving Average. This signal typically forecasts the beginning of a strong bullish trend. While the Golden Cross hasn’t fully materialized yet, a push above the $12 pivot could seal the deal, setting Aptos ( AMEX:APT ) up for a major rally.
Risk Factors & Key Support Levels
Despite the strong upward trend, traders should keep an eye on the $10 support level. A breakdown below this price could signal a short-term retreat, with the next significant support lying at $9.75. In contrast, sustained momentum could propel AMEX:APT to $12.50 and beyond, opening the door to its $15 target.
Conclusion
Aptos'—rising TVL, growing NFT sales, and strong partnerships—combined with bullish technical indicators, suggest that a larger rally could be on the horizon. If Aptos ( AMEX:APT ) breaks through its immediate resistance levels, the path to $15 seems not only possible but highly probable. However, as with any cryptocurrency, caution is advised, and traders should watch key support levels closely to gauge whether Aptos ( AMEX:APT ) can maintain its upward trajectory.
With a 40% surge this month alone and a rapidly expanding ecosystem, AMEX:APT is undoubtedly one to watch as it continues to defy broader market trends. Will Aptos hit $15 before the quarter ends? Time will tell, but all signs point toward a bullish future for this rising star in the Layer-1 blockchain space.
DreamAnalysis | OPUSDT Possibility of Breakout and First Bullish📚 Welcome to Your Usual Channel, DreamAnalysis!
✨ Today, we’ll be taking a look at one of Ethereum’s layer-2 projects, Optimism (OP), and see when we might consider buying during the bull run.
🛠️ About the Optimism (OP) Project :
Optimism is a Layer 2 solution for the Ethereum network, designed to improve scalability and reduce transaction costs using Optimistic Rollups. This platform allows developers to deploy decentralized applications (dApps) with higher speed and lower costs, while maintaining the security of the Ethereum main layer.
📊 Weekly Time Frame :
On the weekly time frame, we can observe that OP hasn't experienced a major bull run yet and doesn't have much historical data. After breaking the downward trendline and pulling back toward the 1.196 support, we saw a drop in bearish volume, and sellers lost strength. For some time, the price has been ranging between the 1.196 support and the 1.957 resistance, without any significant movement.
Enter after breaking the 1.957 resistance.
If you're currently in a loss, you could use DeFi and staking to break even or cash out your coins if the 1.196 support is broken.
💡 Daily Time Frame:
On the daily time frame, we had a strong downtrend, but during these bearish waves, fewer red candles were recorded, and we didn’t make lower lows compared to the previous waves. This indicates buyers are back in the market.
After breaking the long-term downtrend and touching resistance, the price pulled back and once again headed toward the 1.626 resistance with decent volume. If the resistance is broken, you can even enter for spot buys with a stop-loss around 1.446, due to the higher lows according to Dow Theory.
Volume increase , Break of the RSI resistance at 59.96, which will confirm the strength of the move.
📊 4-Hour Time Frame :
In the 4-hour time frame, we're in a long-term range box, where the buyers seem to have the upper hand. Last time, the price didn’t even drop to the bottom of the range; it bounced back from the middle and moved toward the resistance.
📈 Long Position:
After the 1.626 breakout, make sure to take a long position and follow the potential bullish trend.
📉 Short Position:
Currently, we don't have a clear short trigger, unless the resistance breaks fakely, which would be a fake breakout, or if the price drops below 1.395. Right now, opening a short position is quite difficult.
💬 This wraps up today’s analysis. If you found this helpful, feel free to share it with your friends and leave a comment with your thoughts or any other pairs or coins you’d like us to analyze.
📌 These analyses are merely our ideas based on a chart that doesn’t follow strict rules. Technical analysis is an art, and these insights are not financial advice.
SHIBA INU (SHIB)Shiba Inu is a mystery investment strategy web3 layer2 conspiracy to make cryptocurrency on Ethereum better and be more than Dogecoin was going for as a layer1. Shiba Inu is in a gully price range right now. A lot of crypto that falls into a gulch has a hard time climbing out and continues to lose. Due to Shiba Inu being one of the highest in volume on the daily charts and highest in mcap value there is always a potential for the fear of a gully to be surrealistic to an end that leads the imagination to require therapy by eating m&ms mixed with pumpkin seeds; sweet and salty.
MATIC BACK AT THE BUY ZONEI can't look at the chart and tell myself this is a bad area to add to my positions seeing that we are at the overall Value Area Low & low of the range.
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
STX Daily Analysis: Anticipating a Breakout📅 Let's dive into today's analysis in the crypto market. Today's coin is STX, one of the coins that gave significant returns during Bitcoin's surge from 16k to 73k. We won't analyze Bitcoin today since I will provide a complete analysis of Bitcoin tomorrow.
🔍 Analysis of STX
Project Overview
STX is a layer-2 solution for Bitcoin, similar to other layer-2 solutions, it increases network speed and reduces transaction fees. Additionally, STX provides infrastructure on the Bitcoin network for building decentralized applications (DAPPs). Many well-known DAPP projects use this platform and protocol for their infrastructure.
🎲 Chart Analysis
The analysis is conducted in the daily time frame. As you can see, STX had a powerful upward trend and, after reaching the resistance of 3.686 and concurrently with Bitcoin reaching its peak of 73k, it started to retrace. This retracement has been marked by a curved trendline and a trendline from the price bottom, leading the price down to the 1.316 area.
🧩 Key Support Level
The support level at 1.316 is quite strong. It is significant not only from a price action perspective but also because it coincides with the 0.5 Fibonacci level, adding to its importance.
📊 Volume Analysis
During the last upward wave from 1.316 to 3.686, the volume of green candles began to decrease, indicating a weakening trend that was visible on the chart. After this, and during the correction phase down to 1.316, the volume continued to decrease, suggesting that traders did not engage in buying within the range of 1.316 to 3.686. This indicates that the resistance at 3.686 is not very strong, and the price is likely to test this area again.
🧲 Trendlines and Breakout Scenarios
The trendlines that have brought the price down from 3.686 to 1.316 are nearing their end. The price will soon break either the upper or lower trendline. If the curved trendline is broken and its trigger is activated, the price could rise back to the 3.686 peak with a significant influx of buying volume. Conversely, if the trendline from the price bottom is broken, there are two potential scenarios:
If selling volume enters the market and Bitcoin loses its 55k support, we can expect a strong bearish momentum. Breaking the 33.44 support on the RSI can confirm this momentum entering the market.
If the trendline is broken but Bitcoin maintains its support and selling volume does not enter the market, we might see the bearish trend exhaust, and the price could move back above the 1.316 support level.
💥 Bitcoin's Influence
The reason Bitcoin's support and resistance are crucial for this coin's movement is that STX is a layer-2 solution for Bitcoin. Layer-2 projects generally have a high correlation with their primary projects. Additionally, with Bitcoin's dominance at 54%, Bitcoin naturally influences all altcoins, especially one that serves as a layer-2 solution for Bitcoin.
🛒 Buying Strategy in Spot
The safest trigger for buying this coin in the spot market is 3.686, which is the all-time high (ATH) for this coin. If the price stabilizes above this level, it could move towards new targets. However, this trigger is 130% away from the current market price, which is quite a distance. Until the price reaches 3.686, there are other triggers that, upon stabilizing above these levels, the price could move upwards. Naturally, these triggers are riskier than 3.686, and the probability of hitting a stop loss is higher. The first trigger is 1.801, which is the peak of the Low Wave Cycle (LWC). Since the price is in a High Wave Cycle (HWC) uptrend, you can consider entering in the LWC. The next trigger for buying is 2.422, which is the MWC resistance. After breaking and stabilizing above this area, we can move towards the 3.686 peak.
📝 Conclusion
STX, a layer-2 solution for Bitcoin, is currently at a critical support level of 1.316, which is significant both in price action and Fibonacci terms. With decreasing volume indicating a potential test of the 3.686 resistance level again, traders should watch for key breakouts and Bitcoin's influence on the market. Considering the triggers and support levels mentioned, strategic entries can be made with proper risk management.
🧠💼 Always remember that trading futures involves inherent risks, and improper risk management can lead to margin calls. Stick to your capital management principles and use stop-loss orders, aiming for an initial risk-to-reward ratio of 2.
🫶 If you found this analysis helpful and want to support me, please like and share this analysis. Feel free to leave your comments or suggest a coin you'd like me to analyze next.