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PONKE Price Skyrockets 19% on Binance Support, What’s Next?The Solana-based memecoin, Ponke (PONKE), made headlines today after a significant 19% surge, spurred by Binance’s announcement of a USDⓈ-Margined PONKEUSDT Perpetual Contract. This development, however, comes with a nuanced backdrop of both technical and fundamental aspects that traders must consider. Major Catalyst: Binance Futures Listing On November 4, 2024, at 12:30 UTC, Binance will officially launch the PONKEUSDT perpetual contract, offering traders the opportunity to leverage positions up to 75x. With a tick size of 0.00001 and a capped funding rate of ±2.00%, this move has the potential to drive significant trading volume and increased market activity. The contract will support Binance's Multi-Assets Mode, allowing users to use BTC as collateral, thereby providing additional flexibility for high-stakes margin trading. The flexibility offered by Binance could elevate PONKE's market visibility and strengthen its appeal to both retail and institutional investors. The announcement sparked an immediate rally in PONKE's price, highlighting how impactful such listings can be. However, as markets often demonstrate, short-term exuberance is not always sustained. As of now, PONKE is down 8.51%, and it appears that the bullish sentiment has cooled off. Current Technical Analysis: Bearish Signals Emerge Following the brief 19% price surge, PONKE has entered a bearish trend, as indicated by the bearish harami candlestick formation—a pattern that usually signifies a potential reversal. Trading at $0.39, PONKE is showing clear signs of weakening. The Relative Strength Index (RSI) stands at 41, indicating fading momentum and hinting at an approach towards oversold territory. If the market continues to lose confidence, a test of the critical support level at $0.39 seems likely. Failure to hold above this support could accelerate the decline, with downside risk extending to its 1-month low of $0.26. The broader market sentiment also plays a crucial role here. Should Bitcoin (BTC) struggle to break through the significant $70K resistance, PONKE may face further bearish pressure. Leveraging the Solana Ecosystem On the fundamental side, $PONKE benefits immensely from being built on the Solana blockchain, known for its high-speed, low-cost transactions. This technology is a key selling point for PONKE, as it appeals to online traders and gaming enthusiasts who require seamless and efficient transaction processes. Moreover, the #ponkyarmy community has grown into a force to be reckoned with, engaging in governance roles and actively promoting the token across social media. This vibrant community support is crucial for the token’s sustainability and long-term appeal. The unique tokenomics of PONKE, characterized by deflationary mechanisms and strategic liquidity injections, add another layer of attraction. However, despite these advantages, the token remains vulnerable to broader market trends and sentiment, especially in a landscape where major assets like BTC heavily influence altcoin performance. Conclusion The recent 19% rally demonstrates the impact of Binance’s support on PONKE, but caution is warranted. The coin’s bearish technical indicators suggest a possible test of lower levels, especially if the market fails to regain momentum. Traders should keep an eye on BTC’s performance, as a strong move from the leading cryptocurrency could uplift sentiment across the market, benefiting altcoins like PONKE. On the other hand, a failure to break critical resistance levels could accelerate PONKE’s decline. As always, the interplay between technical signals and fundamental developments will determine the coin's trajectory.
Short
by DEXWireNews
Analyzing Pepecoin (PEP) on the daily timeframethe price is currently in a downtrend and approaching a significant support zone marked in green. This area aligns with both the monthly and weekly opening prices, suggesting a strong support level. If the price reaches this zone, it could attract buyers, potentially pushing the price upward. Key Points: Current Trend: Downward movement towards the green support zone. Support Zone: Coincides with monthly and weekly opening prices, indicating potential strong support. Potential Action: Monitor for bullish confirmation signals upon price reaching the support zone before considering a long position. Always ensure proper risk management and wait for clear confirmation before entering a trade
Long
by rebenga93
DOGE DOGECOIN Rejection and Support after Hello, dear HODLers! This is Dogecoin, the biggest memecoin, on the weekly chart. Notice the price rejection at the 78.60% Fibonacci level for the coin's entire history—this is a strong level. We had a few days above this level, but now it's moving below, which could indicate a bull trap. We should wait for the weekly close before drawing any conclusions. If the weekly close is above this level, higher prices are likely. However, if the weekly close is below, in my opinion, there are two key support levels to watch: first, the 200 MA, and then the green trendline, which has held for over two years. Both of these support levels are significant. Let's see how this week closes. Feel free to leave any comments or questions. Thank you for reading, and stay safe!
Short
by vagada
Exploring BabyDoge Coin: Is It Worth Buying?BabyDoge Coin ($BABYDOGE) has carved out a unique niche for itself in the world of meme coins. Initially launched as a playful homage to Dogecoin with a heartfelt mission of raising awareness for animal adoption, the token has evolved into a full-fledged ecosystem. With strong community backing, multiple features, and strategic utility integrations, BabyDoge has managed to capture the attention of crypto enthusiasts and animal lovers alike. What Sets BabyDoge Apart? At its core, BabyDoge Coin ($BABYDOGE) aims to be more than just a meme token. It serves as a symbol of community-driven efforts to promote animal welfare. In fact, BabyDoge has an official world record, having donated over 81,000 pounds of dog food to animal shelters. The initiative has reinforced its commitment to making a tangible impact in the real world, setting it apart from other meme tokens. The project has gained significant attention, partly due to high-profile endorsements. A notable example is a tweet from Elon Musk, which propelled BabyDoge into the crypto spotlight. Since then, BabyDoge ($BABYDOGE) has been more than a meme; it has become an icon in pop culture. Moreover, BabyDoge offers practical tools that empower its community. The BabyDoge AI Image Generator allows users to create AI-powered images, characters, and memes effortlessly. These can be minted as NFTs using $BABYDOGE, enhancing the token’s utility and incentivizing community engagement. BabyDoge’s multifaceted offerings also include BabyDogeSwap.com, an all-in-one decentralized platform featuring an Automated Market Maker (AMM), token farming, free token locking, a burn portal, NFTs, and more. Where to Buy BabyDoge Coin BabyDoge Coin has widespread availability across multiple crypto exchanges. The most active trading occurs on Gate.io, with the BABYDOGE/USDT pair recording a trading volume of $8.99 million in the last 24 hours. Other popular exchanges include OKX and Bybit, providing investors with ample opportunities to engage with this meme-driven market. ### Technical Performance and Market Metrics As of the latest analysis, BabyDoge Coin ($BABYDOGE) has witnessed a significant 53.10% increase in trading volume, hitting $21.38 million over the last 24 hours. This uptick indicates renewed market interest but could also reflect the high volatility typical of meme tokens. Currently, the market capitalization of BabyDoge Coin stands at approximately $357.93 million, ranking it #189 on CoinGecko and #147 on CoinMarketCap. The token's all-time high of $0.000000006345, reached on January 16, 2022, remains a distant milestone, with the current price down 64.25% from that peak. On the flip side, the all-time low was $0.000000000109477, recorded on June 9, 2021. Impressively, the token is now 2,293.55% higher than that low. Price Trajectory and Key Support Levels From a technical standpoint, BabyDoge Coin ($BABYDOGE) appears to be in a bearish phase. The token has experienced an 8.32% decline recently and is approaching a critical support level at $0.0000000178, which aligns with a 1-month support trend. Market analysts and traders are closely watching this level, as a potential breakdown could lead to further downside, while a bounce might drive the price toward $0.00000000290. Concerns about the project's transparency have also affected sentiment. Critics point to the opaque management of vesting tokens and the lack of a clear roadmap. Influencers like Marsellis, who once advocated investing heavily in BabyDoge ($BABYDOGE), have begun to express skepticism. On social platforms like CoinMarketCap and Telegram, some community members have voiced frustration over restricted discussions and moderator actions that stifle transparency. Community Engagement and New Developments Despite these concerns, BabyDoge ($BABYDOGE) remains a community powerhouse. The introduction of a new Telegram mini-game has stirred excitement. This Play-to-Earn (P2E) game rewards participants with BabyDoge Coin ($BABYDOGE), offering a fun and engaging way to earn tokens. Additionally, the project’s robust integration of NFTs, AI tools, and a DeFi suite on BabyDogeSwap makes it a multifaceted ecosystem worth exploring. Final Thoughts: Is BabyDoge Worth Considering? While BabyDoge Coin has faced criticism for its lack of transparency, it continues to attract a devoted following. Its focus on animal welfare, coupled with innovative offerings like AI-driven image generation and decentralized finance tools, keeps it relevant. The token's listing on almost all major exchanges (excluding Binance) adds to its accessibility and trading appeal. However, potential investors should tread cautiously. The token's history of pump-and-dump cycles and concerns about governance make it a speculative investment. Nonetheless, the combination of strong community backing, unique utility features, and a mission-driven approach keeps BabyDoge in the conversation as a notable meme coin on the BNB Chain. For those intrigued by meme culture and the power of community, BabyDoge Coin presents both risks and rewards, making it a fascinating player in the ever-evolving crypto landscape.
UNISWAP3ETH:BABYDOGEWETH_9F2EBE.USDShort
by DEXWireNews
Dogecoin: Elon Musk Wins Lawsuit Over PAC’s $1M Voter GiveawayIn a turn of events that's stirring both the political and crypto worlds, Elon Musk has scored a legal victory amid mounting controversies over his $1 million voter giveaway initiative. This comes as the U.S. election looms, with Musk's Political Action Committee (PAC), America PAC, under scrutiny for potentially swaying voters through financial incentives. While Philadelphia District Attorney Larry Krasner's efforts to halt the campaign have faced judicial setbacks, Musk's influence continues to ripple through the markets, notably impacting CRYPTOCAP:DOGE , a cryptocurrency closely associated with the Tesla CEO. Legal Rulings and Election Implications As of October 31st, Pennsylvania state judge Angelo Foglietta has allowed Musk's giveaway to proceed, pending further federal review. Krasner argues the PAC’s financial incentives could unduly influence the election process, citing the giveaway as potentially illegal under state consumer protection laws. However, Musk's defense frames the case as one raising federal questions around free speech and voter engagement, maintaining that the initiative falls within legal bounds as it targets voters in seven key swing states, including Pennsylvania, Arizona, and Michigan. Federal prosecutors have issued warnings over the initiative, suggesting it may conflict with laws against compensating voters. Critics further question the transparency of Musk’s campaign, particularly concerning how recipients are chosen and how collected data is managed. Compounding the scrutiny, Musk has voiced support for Donald Trump and allocated substantial PAC funds to mobilize Trump’s base, with reports indicating over $120 million spent on outreach campaigns and social media efforts. Musk’s Influence and CRYPTOCAP:DOGE Price Action With Musk's prominent role as a driver of Dogecoin’s market value, his involvement in U.S. political controversies is also affecting CRYPTOCAP:DOGE ’s price action. The announcement and ongoing legal proceedings initially sparked volatility, as traders awaited clarity on Musk’s standing and broader market sentiment. Currently, CRYPTOCAP:DOGE is down 2.83%, yet technical indicators suggest that Musk's legal stance and the upcoming election could renew upward momentum if positive news emerges. Despite recent downward pressure, CRYPTOCAP:DOGE ’s Relative Strength Index (RSI) holds at 63, signaling resilience within a still-active bullish trend. Moreover, the cryptocurrency’s price pattern showcases a symmetrical triangle, a technical structure typically indicative of a possible breakout. With the 63 RSI level implying remaining buyer interest, CRYPTOCAP:DOGE could shift positively if Musk’s influence within the crypto space is reinforced by the PAC’s successful performance or favorable election outcomes. Analyzing CRYPTOCAP:DOGE ’s Technical Setup As CRYPTOCAP:DOGE trades within a bullish symmetrical triangle, there are signs of an impending price move. Key support levels include $0.15, while resistance at the upper triangle boundary may test CRYPTOCAP:DOGE 's rally strength. If Musk’s influence reignites bullish sentiment in CRYPTOCAP:DOGE , the breakout from this pattern could result in substantial gains for holders. As the election and PAC developments unfold, Musk’s advocacy for CRYPTOCAP:DOGE , coupled with his high-profile election activities, are set to keep CRYPTOCAP:DOGE traders closely watching. The Bottom Line With Elon Musk entangled in election-related legal proceedings and Musk’s America PAC controversy looming large, the impact on CRYPTOCAP:DOGE remains a focal point for traders and enthusiasts alike. For those tracking CRYPTOCAP:DOGE , the correlation between Musk’s actions and the crypto’s price movement underscores his ongoing influence. As the election nears and the legal landscape shifts, Musk’s success in court may very well align with CRYPTOCAP:DOGE ’s next breakout, potentially providing significant opportunities for the coin’s traders.
Long
by DEXWireNews
DOGEUSDT.PTo whom it may concern, This is DOGE, the biggest #memecoin in #crypto, with leverage up to 75x, so things could get risky. I’m watching the daily timeframe, and my outlook on this chart leans more bearish than bullish. The blue line is now acting as resistance, and based on price action, the black line could be the next support level to be tested. If the black line holds, it could push the price up toward the top black line. The volume adds some uncertainty, as steady levels could support a bullish move. 2 If you have any questions, feel free to ask. This is not financial advice. Stay safe and humble.
Short
by vagada
Fable Of The Dragon (ETH: $TYRANT): Is it More than a Memecoin?Fable Of The Dragon is making waves with $TYRANT, a 0% tax token tied to a unique mission: advancing anti-aging research, reshaping self-expression, and pushing the boundaries of cause marketing within Web3. Inspired by Ethereum founder Vitalik Buterin’s Twitter profile, which links to an animated film, “The Tyrant Dragon Fable,” $TYRANT is rapidly gathering attention in the crypto world for its community-driven initiatives and robust trading momentum. What Makes $TYRANT Unique? The Fable Of The Dragon token, $TYRANT, leverages the influence of meme culture to drive a cause-driven mission. It seeks to generate funds for anti-aging research and foster a strong community network. The token stands apart with its 0% tax policy and the potential to serve as a utility in new Web3 applications, specifically designed to elevate self-expression and introduce an innovative approach to cause marketing. The $TYRANT token is available primarily on Uniswap V2 (Ethereum), with the TYRANT/WETH pair seeing a recent surge in activity. In the past 24 hours, the trading volume reached $16,957, marking a massive 2,177% increase, which indicates growing interest in this emerging project. Current Market Data and Performance - Current Market Cap: $958,869, ranking #3236 on CoinGecko - Current Price: 90% below its all-time high of $0.9656 (recorded on Dec 3, 2022) - Circulating Supply: 10 million tokens, with a fully diluted valuation (FDV) matching the market cap at $958,869 $TYRANT is trading 2,838.60% above its all-time low of $0.003265 from November 2022. This impressive gain, paired with a recent 15.3% rise over the last week, showcases $TYRANT’s resilience against broader market movements. The token has outperformed both the general crypto market (up 3.7%) and similar tokens within the Ethereum ecosystem (up 12.7%). Technical Analysis As of today, $TYRANT is up 22% and trading within a strong support zone at $0.076. Following a recent consolidation phase, the token now seems poised to revisit and potentially surpass its one-month peak at $0.16. This consolidation suggests that the price action may be gearing up for a bullish breakout, especially as it aligns with recent support levels. - Support Zone: $0.076, signaling solid price stability - Potential Upside: Re-test of the $0.16 resistance and subsequently $1 - Trading Volume Surge: 2,177.30% increase over 24 hours From a technical standpoint, $TYRANT shows promise. The recent price consolidation, coupled with renewed volume, indicates a pattern where prices could push higher. The momentum aligns well with the increasing interest in meme and mission-driven tokens, suggesting a bullish continuation in the near term. Why $TYRANT Holds Unique Appeal $TYRANT taps into the cultural power of memes while driving real-world impact through its mission for anti-aging research. The team’s focus on self-expression tools within Web3 has potential to attract both crypto enthusiasts and cause-driven investors. This utility, combined with a 0% tax policy, fosters an open and inclusive ecosystem. With a community eager to support the project’s mission, the token’s potential utility in Web3 applications and cause marketing could be a game-changer. If $TYRANT’s value trajectory continues and manages to break past the $0.16 level, it may soon attract more long-term holders and investors drawn by its mission-driven approach. Conclusion Fable Of The Dragon’s $TYRANT token presents a compelling mix of community, cause, and technical potential. As one of the few mission-oriented meme tokens, it has gained a strong foundation that combines both purpose and performance. Investors and traders interested in meme culture with a cause might find $TYRANT a fitting addition, especially if it manages to secure and surpass recent highs in the near term.
UNISWAP:TYRANTWETH_3AF73B.USDLong
by DEXWireNews
MOG Coin Eyes 126% Breakout with Cup-and-Handle Pattern As Bitcoin sustains dominance over $72,000, the meme coin market is reviving with a notable uptick. Among these, MOG Coin has emerged as a standout, leveraging both technical patterns and community-driven appeal to generate bullish momentum. Currently trading at $0.00000210459, MOG Coin ( TSXV:MOG ) has made impressive strides, posting a 13.03% increase in the past 24 hours and showing signs of an impending breakout. Here’s a look at both the technical and fundamental drivers behind MOG’s rise and the potential for substantial growth in the near term. Technical Analysis: MOG Coin’s Cup-and-Handle Breakout on the Horizon The daily chart for MOG Coin presents a classic cup-and-handle pattern with a neckline at $0.000002355. This pattern is often regarded as a bullish continuation signal, and with four consecutive bullish days pushing the coin closer to the neckline, the chances of an upward breakout are high. In the past week, MOG Coin ( TSXV:MOG ) has increased by nearly 32% from its seven-day low of $0.000001599, reclaiming the psychological $0.0000020 mark. This trend, along with the following factors, suggests bullish potential: - Moving Averages: The 20, 50, 100, and 200-day EMAs are all aligned bullishly, indicating strong buying momentum. - MACD: The MACD and Signal lines are set for a bullish crossover, while the bearish histograms have begun to decline, confirming increasing buying pressure. - Fibonacci Levels: The cup-and-handle neckline aligns with the 100% Fibonacci level at $0.000002355. A breakout here could push MOG Coin ( TSXV:MOG ) to the 1.618 Fibonacci extension level at $0.0000047623, marking a potential 126% increase. Should this scenario play out, MOG may target the psychological $0.0000050 mark, affirming an ongoing bull trend. The RSI at 65 suggests further bullish momentum, especially if Bitcoin’s rally continues, as meme coins often mirror major trends. However, traders should note the downside support level of $0.000001845 as a pivot in case of any pullback. Fundamental Analysis MOG Coin’s Unique Position in the Meme Coin Landscape MOG Coin isn’t just another entry in the meme coin space; it’s quickly establishing a reputation as a standout, with a mission to dominate the internet through viral, humor-driven content. MOG has successfully tapped into the cultural appeal of memes while building a robust, community-focused following that champions humor and creativity. With a circulating supply of 390.5 trillion MOG coins and a market cap of $848.9 million USD, MOG Coin ranks #78 on CoinMarketCap, reflecting its popularity and widespread adoption. MOG is highly traded, with a 24-hour trading volume of $43.5 million USD, showing strong liquidity and interest among investors. What sets MOG Coin apart from other meme projects is its unapologetic focus on viral content and meme culture. The project positions itself as more than just a coin; it’s a movement, rallying a community of “meme warriors” committed to creating high-quality, engaging content. This dedicated fanbase reinforces MOG’s market resilience, supporting its price action even in the volatile meme coin segment. Market Sentiment and Future Prospects The broader market for meme coins is looking promising as Bitcoin’s sustained gains drive bullish sentiment across altcoins. With a meme coin market cap above $63 billion and rising interest in speculative assets, MOG Coin appears well-positioned to attract continued attention. According to MOG Coin’s developers, the project’s aim is to disrupt the crypto space by prioritizing meme-driven virality and cultivating a “meme lifestyle.” As the platform grows, it’s likely that this bold approach to community engagement will attract even more traders, content creators, and meme enthusiasts, further reinforcing MOG’s value. Conclusion With strong technical signals and a unique brand, **MOG Coin offers an enticing opportunity** for traders looking to capitalize on the meme coin rally. The potential **126% gain** from a cup-and-handle breakout and the broader bullish trend among meme coins suggest that MOG could be in for significant price appreciation. For traders and meme enthusiasts alike, MOG Coin’s rally could mark the beginning of a new wave in the meme coin landscape. Keep an eye on the $0.000002355 neckline and Bitcoin’s price action, as these will likely dictate the coin’s next move.
UNISWAP3ETH:MOGWETH_783231.USDLong
by DEXWireNews
FTX Executive Nishad Facing Sentenced Amid $8 Bln Fraud FalloutThe case against Nishad Singh, former FTX chief engineer, has garnered intense scrutiny in the crypto and financial world as he faces sentencing for his role in one of the largest financial frauds in U.S. history. Singh, who pleaded guilty to six counts of fraud and conspiracy, admitted to being a “straw donor” in Sam Bankman-Fried’s political donation scheme and played a role in orchestrating FTX’s misappropriation of customer funds. His sentencing, along with the recent technical analysis of FTX’s native token TSX:FTT , provides a complex perspective on the current state of FTX's assets and market position. Cooperation and Accountability in the FTX Scandal Singh’s involvement in FTX’s collapse goes beyond operational missteps; it includes his participation in diverting an estimated $8 billion from FTX’s customers under the direction of Sam Bankman-Fried. The case, which has revealed severe governance issues within FTX, led to significant financial losses for investors and shattered trust within the crypto community. While Singh’s cooperation, including asset recovery and key information sharing, is expected to contribute to a lighter sentence, Judge Lewis Kaplan has stressed the need for accountability, pointing to the severe impact on countless victims. FTX’s bankruptcy CEO, John J. Ray III, recently issued a letter to Judge Kaplan highlighting Singh’s efforts to assist the debtors. According to Ray, Singh's knowledge of FTX’s operations is critical to ongoing investigations and asset recovery efforts. Singh has surrendered Bahamian property bought with company funds and responded to investigative inquiries, positioning him as a valuable asset for further legal proceedings and recovery efforts. In addition, Singh’s cooperation agreement might extend to testifying in bankruptcy court, potentially providing insights into the company’s operations that could aid in further recovery of assets. This case highlights a broader trend in crypto governance as courts and regulatory bodies examine the internal controls and accountability measures within high-stakes crypto firms. Singh’s sentencing and the ongoing efforts by FTX’s leadership to restore investor trust demonstrate how corporate accountability and individual responsibility intersect in high-profile financial scandals. Technical Outlook FTX’s native token, TSX:FTT , has experienced substantial volatility amid the legal and financial turmoil surrounding the exchange. Currently trading within a declining trend channel, TSX:FTT is down by 2.18% with a moderate Relative Strength Index (RSI) of 44, suggesting consolidation within a narrow price range. Price Movement: TSX:FTT has been trading between the $2 and $1.6 range. The support level at $1.48 is a key point to watch, as a break below this level could signal a deeper decline, while a bounce could provide a buy signal for traders. This range-bound movement, combined with low trading volumes, reflects caution among investors as they assess FTX's ability to recover from the ongoing legal challenges. Market Sentiment and Potential Buy Signal: Given the current market sentiment around FTX, TSX:FTT ’s technical indicators highlight a potential accumulation phase, where investors may look for an entry point at the $1.48 support level. This level may attract buying interest as traders consider the possibility of a reversal if the company manages to stabilize and address its financial and legal issues. Nishad Singh’s sentencing and cooperation could bring further transparency to FTX’s operations, potentially influencing investor sentiment around $FTT. A lighter sentence for Singh might indicate ongoing cooperation with authorities, providing some relief to traders who remain interested in FTX’s long-term recovery prospects. Conclusion With Nishad Singh’s sentencing set to unfold, his cooperation remains a significant factor in the broader investigation into FTX’s downfall. Singh’s actions and the judicial response will likely impact investor sentiment in the crypto market, particularly regarding FTX and its native token, $FTT. While TSX:FTT ’s current price pattern reflects caution, traders should keep an eye on support levels and overall market sentiment as FTX navigates its legal and financial recovery.
Short
by DEXWireNews
WEN starting to gain momentum - preparing longMemecoin WEN has suddenly come back to life. As soon as WEN break the resistance at 0.00067 and have a successful retest, I think we quite fast can pass through 3 take profit levels. A potential retest of the horizontal resistance could be a good entry for a short or long time trade I see WEN as one of the memecoins with the best potential. I wouldn't be surprised if we see WENs price go bananas when the market goes full bull. I see WEN as a solid meme coin that can be sustainable in the long term... Non financial advice, I believe in WEN.
Long
by TaTaTaCrypto
BTC buy dips TP 70 000 USD Octoberfest🔸Hello traders, today let's review 3 hour price chart for BTCUSD . Bitcoin trading sideways over last 7 months with extremely low volatility. Having said that, low vol always precedes high vol periods, therefore it makes sense to prepare for the new BTC move in advance. 🔸BTC stop loss clusters located at 71 000 usd / 73 000 usd / 76 000 usd. Expecting bulls to trigger stop sweeps near overhead SL clusters. Therefore expecting more gains in this market in October. October is also a decent months for BTC bulls based on recent data. 🔸Recommended strategy bulls: wait for pullback to complete near 59 000 / 60 000 usd and confirm reversal signal with RSI/price div on 3 hour chart and/or use any other systems/indicators to confirm reversal. BUY low close to 60 000 usd, stops fixed at 57 500 USD, TP1 bulls is 65 000 USD TP2 bulls is 70 000 USD, 15% upside in this trade setup without leverage. break below 57 500 usd invalidates bullish outlook. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
BITSTAMP:BTCUSDLong
by ProjectSyndicate
26
Pepe | Meme Season Confirmed First Dogs then Apes and now its Frog mania ! Gentlemen welcome to crypto world. Pepe just hit a new ATH The price of Pepe is $0.00000075 today with a 24hour trading volume of 140 million dollar. This represents a 125% price increase in the last 24 hours and a 1260% price increase in the past 13 days PEPE is a memecoin launched on Ethereum. The cryptocurrency was created as a tribute to the Pepe the Frog internet meme, created by Matt Furie, which gained popularity in the early 2000s 0.0000004 to 0.0000008 was an easy trade and dont forget stop loss when you trade meme coins Wen Pepe Inu !
by moonypto
24
Politics, Whales, & Musk's Support Could Take DOGE to New HighsDogecoin ( CRYPTOCAP:DOGE ), the popular meme-based cryptocurrency, is making headlines once again. This time, it’s not only due to crypto enthusiasts or Elon Musk’s tweets but also because of growing political interest and a surprising rally fueled by major investors. As the founder Billy Markus, known online as “Shibetoshi Nakamoto,” speculates about Dogecoin’s future, Dogecoin’s price is surging, buoyed by political undertones, Musk's cryptic comments, and positive technical indicators. Let’s dive into the factors driving Dogecoin’s price trajectory and the technical setup that suggests a potentially explosive run to $1. The Politics of Dogecoin: Billy Markus, Trump, and Musk Dogecoin’s founder, Billy Markus, recently ignited speculation on X (formerly Twitter) by expressing excitement for a Donald Trump win in the 2024 U.S. election. Markus believes that, should Trump win, mainstream media will inevitably cover Dogecoin due to its cultural and financial influence. Markus even shared a meme symbolizing Musk's amusement at the prospect of this widespread coverage. While this might seem like an odd endorsement, Markus is tapping into a unique factor: Trump’s pro-crypto stance. Trump’s previous administration saw increased interest in digital assets, and another term could potentially expand this impact. The concept has already energized the Dogecoin community, which envisions DOGE as a significant part of a growing decentralized financial landscape. Musk’s rumored involvement in a hypothetical "Department of Government Efficiency" (D.O.G.E) under a Trump administration further adds to the excitement. This hypothetical department, while not a literal development, has fueled speculation and increased demand for DOGE. Whale Activity and the Musk Effect Large investors, known as "whales," have also recently increased their Dogecoin holdings. One whale withdrew 75 million DOGE (approximately $13.4 million) from Robinhood, causing a flurry of speculation about potential moves among big players. Whale movements are often perceived as an indicator of market confidence, and this massive transfer has contributed to DOGE’s upward momentum. Adding to the hype, Elon Musk recently used the acronym “D.O.G.E” in a speech, likely as a tongue-in-cheek reference. This play on words has sparked a surge in interest from the Dogecoin community. Musk’s position as a Dogecoin advocate and influencer cannot be overstated. In the week following his “D.O.G.E” mention, DOGE saw a 31% price spike. Recently, Musk posted a "Doge flex" image on X, further fueling investor enthusiasm and speculation. With Musk’s involvement, the Dogecoin community is hopeful for continued support, potentially helping DOGE reach new price milestones. Dogecoin’s Technical Outlook The technical analysis for Dogecoin ( CRYPTOCAP:DOGE ) further supports its upward trajectory. At the time of writing, DOGE has risen 6% and is trading within a bullish reversal pattern. This pattern, coupled with high trading volume, shows that the market has a growing appetite for $DOGE. Here’s a breakdown of the current technical outlook: The relative strength index (RSI) is at 78, indicating an overbought condition. This shows that the asset is in high demand but may soon see a consolidation or slight pullback as it tests key resistance levels. CRYPTOCAP:DOGE recently broke out from a bullish symmetrical triangle pattern, which often signals the potential for an explosive upside move. This breakout marks an increase in demand and positions CRYPTOCAP:DOGE for further gains. CRYPTOCAP:DOGE is currently facing resistance at $0.20. If CRYPTOCAP:DOGE successfully breaks past this level, the next resistance targets are set at $0.50 and potentially $1—a milestone that many investors have long anticipated. Road to $1: Can CRYPTOCAP:DOGE Realistically Reach This Target? The possibility of Dogecoin hitting $1 is no longer as far-fetched as it once seemed. If it can break past the $0.50 pivot, Dogecoin ( CRYPTOCAP:DOGE ) may have enough bullish momentum to make its way to the $1 mark. The combination of technical factors—especially the breakout from the symmetrical triangle—and fundamental support from major influencers could propel CRYPTOCAP:DOGE towards this target. Conclusion Dogecoin’s recent rally isn’t just a typical meme-driven spike. With political figures like Trump and financial influencers like Musk involved, DOGE is drawing interest from unexpected corners. Billy Markus’s comments add an exciting layer of intrigue, blending politics, finance, and technology into one narrative. Moreover, whale activity and Musk’s strategic mentions further amplify the potential of this asset. In the coming months, Dogecoin’s journey will likely be defined by the broader crypto market, U.S. election developments, and Musk’s ongoing influence. As DOGE edges closer to the $0.20 resistance level, many investors are already eyeing a potential leap toward $1, something that once seemed like a distant goal. For now, DOGE remains a volatile yet enticing asset in the crypto world—an investment that, like its community, thrives on a combination of humor, optimism, and ambition. For those who believe in the power of the meme coin, the ride to $1 might just be starting.
Long
by DEXWireNews
DOGECOIN BREAKOUT ALERT! | 3 Scenarios to Watch for Morning, trading family! Let’s break this down. Dogecoin’s been hanging out in this range, but it looks like a breakout’s on the horizon. I see three ways this could play out, so here’s what I’m watching. Scenario 1: If we get a clean breakout from here, we’re likely heading toward 0.1745. If that level holds, we could see it push even higher, up to 0.1847 and beyond. Scenario 2: There’s a chance we pull back first, dipping into the 0.162 to 0.159 area. If buyers step in, we could bounce from there and make our way back toward 0.17 to 0.1745, and maybe even higher. Scenario 3: The market could also take us a bit lower, down to 0.1550. If that happens, it’s not the end of the world—a strong bounce from there can still send us back to 0.17 and beyond over time. What do you guys think of this analysis? Do we pop straight up, or do we dip first? Let me know how you’re seeing it—drop a comment below. Always love hearing your thoughts. Mindbloome Trading/ Kris Trade What You See
COINBASE:DOGEUSDLong
by Mindbloome-Trading
$TROLL on the Rise: Why This Could Be the Bullish Play of 2024In an era where cryptocurrency innovation meets community-driven culture, $TROLL emerges as a new sensation, bringing nostalgic meme vibes, security, and the spirit of decentralization to the market. $TROLL revives the beloved TrollFace, sparking a “meme revolution” that is setting out to make memecoins fun and approachable once again. With a renounced contract and burned liquidity pool (LP), $TROLL boasts a transparent and community-focused ecosystem, capturing both the light-hearted essence of memes and the safety-driven principles that investors seek. Why $TROLL is Different Unlike many memecoins that launch with presales, tax structures, and other barriers to entry, $TROLL took a unique path by launching stealthily, with zero taxes, a renounced contract, and a burned LP. This approach not only underscores the project’s commitment to decentralization but also positions $TROLL as a “coin for the people,” ensuring that the token remains accessible, community-driven, and safe. $TROLL tokens can be traded on notable exchanges like HTX, DigiFinex, and Gate.io, with HTX currently leading in trading volume for the TROLL/USDT pair, amassing $3.5 million in the last 24 hours. This accessibility on centralized exchanges allows a wide range of crypto enthusiasts to join the $TROLL movement, contributing to its liquidity and appeal in the market. Daily Market Activity & Rising Volume The recent market activity surrounding $TROLL suggests increasing interest, as its 24-hour trading volume has surged by 14.9% to $5.4 million. This heightened activity signals fresh attention to the coin and its bullish potential, with active trading showcasing the rising market sentiment toward this community-led project. All-Time Highs and Lows: A Historic Snapshot Since its inception, $TROLL has demonstrated significant price movement. Its all-time high of $0.000006134, recorded in Mar 02, 2024 (8 months ago), sits 85.57% above the current price. However, the coin’s lowest price was recorded in Aug 05, 2024 (3 months ago) at $0.000000010888. Market Cap and Fully Diluted Valuation With a current market cap of $18.5 million and a fully diluted valuation (FDV) closely matching at $18.54 million, $TROLL ranks at #1136 on CoinGecko and #841 on CoinmarketCap. These valuations reflect $TROLL’s ambitious goal of reaching a maximum market cap in alignment with its circulating supply of 960 trillion tokens. This FDV metric shows the scope of $TROLL’s potential growth as it gains traction among decentralized finance (DeFi) and meme-loving communities. Technical Outlook From a technical perspective, $TROLL exhibits signs of an upward trend, with its current price up by 4.75% at $0.000000193. The Relative Strength Index (RSI) sits at 52, indicating a bullish shift in sentiment. As $TROLL transitions from a falling wedge to a rising wedge, it forms a *three white soldiers* pattern on daily candles, a classic indicator of a strong bullish reversal. This pattern, combined with a trough and crest formation within a rectangular trading range, suggests that $TROLL may soon test the upper limit of this range. Adding to its bullish case, $TROLL is trading above several key moving averages (MAs), solidifying its potential for further upward momentum. The convergence of these MAs provides strong support, acting as a foundation for $TROLL’s continued upward movement. Market Comparison: Memecoins on the Rise Despite a price decline of -1.1% in the past week, $TROLL is beginning to outperform other similar memecoins. In comparison, the general cryptocurrency market saw a 2.5% increase, while other Ethereum-based tokens rose by 12.7%. This underperformance presents an entry point for investors seeking exposure to a potential upside as $TROLL continues to build momentum with its unique, community-centered ethos. Positioned for a Promising Future With its strategic blend of meme appeal, decentralization, and secure design, $TROLL has set the stage for a promising trajectory. As CRYPTOCAP:BTC currently sits at $71,000, contributing positively to the general market sentiment, $TROLL is well-positioned to benefit from this crypto-wide momentum. The market activity, technical indicators, and fundamental factors all align to create a compelling case for $TROLL as it aims to redefine the role of memecoins in the cryptocurrency landscape. And so it leads us to the question: "Could $TROLL Be the Bullish Play of 2024"
UNISWAP:TROLLWETH_B7426B.USDLong
by DEXWireNews
GOATSEUS MAXIMUS IS STILL NO.1 MEME FOR THIS BULL RUNFalling Wedge: A falling wedge pattern is observed, which generally signals a bullish reversal. This pattern typically forms when the price consolidates between two downward-sloping trendlines that converge. The breakout point is expected above the upper trendline, indicating a potential bullish move. Resistance and Support Zones: Resistance Zones are highlighted in orange above the price levels, indicating areas where price may face selling pressure. Support Zone is formed at the lower trendline of the wedge, which has been tested multiple times, showing that buyers are stepping in around these levels. Indicators: VMC Cipher shows potential bullish divergence, suggesting momentum is shifting upwards. RSI (Relative Strength Index) is near the neutral zone (around 50), indicating no extreme overbought or oversold condition. A push above 50 could signal increased bullish momentum. Stochastic Oscillator is in an upward trajectory from oversold levels, suggesting a short-term bullish reversal. HMA Histogram is turning positive, which may indicate an upward trend reversal. Volume Note: Lack of volume data suggests that it’s essential to observe if any breakout is accompanied by significant volume. This would confirm a true breakout from the wedge pattern. Trading Plan Entry Strategy: Breakout Entry: Enter a long position if the price breaks and closes above the upper trendline of the falling wedge with a strong bullish candle. Confirm breakout strength with an increase in RSI and a positive crossover in the Stochastic. Early Entry: For aggressive traders, an early entry could be made near the current level, expecting a breakout soon, but with a strict stop-loss. Take Profit Targets: Target 1: Place the first target at the nearest resistance zone (around $0.80). Target 2: Secondary target can be set at the upper resistance zone around $0.95 to $1.00, as indicated by the blue arrow. Stop-Loss: Set a stop-loss just below the recent low within the wedge, around $0.61, to protect against a false breakout or continuation of the downtrend. Risk Management: Use a risk-reward ratio of at least 1:2 or higher to ensure a profitable trade setup. Adjust the position size to account for volatility and maintain proper risk per trade (e.g., 1-2% of portfolio per trade). Trailing Stop: Consider implementing a trailing stop once the price approaches the first target to lock in profits as the trade progresses. Monitoring Indicators: Monitor the RSI and Stochastic to ensure they continue to support the bullish sentiment. Watch for any change in the HMA Histogram, which could signal early warning signs if it shifts back to a downtrend.
CRYPTO:GOATSEUSDLong
by elfabiiani