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$EBULL: A Meme Coin on the Verge of Breaking Out $EBULL Reaches $11 Million Market Cap! $EBULL, the Ethereum-based memecoin riding the bullish energy of the crypto market, is generating massive buzz as it surges by 40%, reaching an $11 million market cap. This meteoric rise has left investors wondering: Is this the start of something monumental, or the last chance to ride the wave? The Narrative Behind $EBULL $EBULL represents more than just a token; it’s a rallying cry for Ethereum enthusiasts and crypto bulls alike. The project’s ethos is rooted in simplicity, fun, and community-driven vibes. Vitalik Buterin, Ethereum’s co-founder, even holds 1.5% of the token supply—a subtle nod that has fueled speculation about its potential. Key drivers of the $EBULL narrative include: - Ethereum Ecosystem Ties: As the original blockchain powerhouse, Ethereum’s community is vast, and $EBULL capitalizes on this, positioning itself as a symbol of ETH’s dominance. - Vitalik’s Connection: Speculation about Vitalik’s endorsement of $EBULL as a potential signal for Ethereum’s bottom has created excitement among traders. - Bullish Comparisons: Similar projects like $TBULL and $MUMU have achieved market caps of $110M and $120M, respectively, showcasing the potential for $EBULL to follow suit. Technical Outlook $EBULL’s daily price chart reveals a symmetrical triangle pattern, a classic setup often leading to explosive breakouts. Currently trading up 31%, the Relative Strength Index (RSI) sits at 60—indicating neither overbought nor oversold conditions, but rather a coin primed for action. With the vibrant and active community backing $EBULL, recent developments like the Community Takeover (CTO) and subtle support from Vitalik himself suggest that the token could target $0.01 in the near term. Such a move would represent a significant upside, further bolstered by the ongoing social media hype and trading momentum. The Desperation for Growth As $EBULL climbs the ranks, the project’s roadmap highlights its commitment to community engagement through events, airdrops, and meme-driven campaigns. However, the pressure is on for the token to sustain its momentum and break into the next echelon of meme coin success stories. Fundamental Highlights Market Activity: With a trading volume exceeding MIL:1M in the last 24 hours (up 336.90%), $EBULL is experiencing a surge in market activity. Tokenomics: A circulating supply of 10 billion tokens and Vitalik’s 1.5% stake lend credibility to the project’s long-term vision. Potential Catalyst: Speculation about sponsorship of Ethereum Foundation events and possible charitable initiatives aligns with Vitalik’s broader vision for blockchain utility. The Question on Everyone’s Mind Will $EBULL reach its billion-dollar market cap potential, or is the current $11M valuation the ceiling? The desperation to capitalize on this momentum is palpable as traders weigh the risks and rewards of jumping into this high-energy project. Final Thoughts $EBULL isn’t just a meme coin; it’s a phenomenon capturing the essence of Ethereum’s community spirit. With technical indicators pointing to a breakout and a fundamental narrative fueled by speculation and strong community backing, $EBULL’s journey to $0.01—or beyond—could be just beginning. But for those on the sidelines, the window of opportunity might be closing fast. Are you ready to ride the bull, or will you miss out on this Ethereum-driven revolution?
UNISWAP:EBULLWETH_1F4EF1.USDLong
by DEXWireNews
Bone ShibaSwap ($BONE): Gearing Up for a BreakoutBone ShibaSwap ( TSXV:BONE ) has captured the attention of the crypto community as it gears up for a potential breakout. A vital part of the Shiba Inu ecosystem, TSXV:BONE has emerged as a governance token with unique utility, a growing user base, and a solid infrastructure in the decentralized finance (DeFi) landscape. Here’s an in-depth look into TSXV:BONE , combining technical insights and fundamental analysis. What Is Bone ShibaSwap (BONE)? Bone ShibaSwap (BONE) serves as the governance token for the ShibaSwap decentralized exchange (DEX). It allows holders to vote on upcoming proposals, submit new initiatives, and gain access to the ecosystem’s future developments, including NFTs. The token is integral to the Shiba Inu ecosystem, which includes Shiba Inu (SHIB) and Doge Killer (LEASH), and operates on Ethereum. The ShibaSwap exchange, launched on July 7, 2021, enables users to trade SHIB tokens for other cryptocurrencies. Within this framework, TSXV:BONE acts as a reward and governance tool. SHIB holders can provide liquidity on the platform and stake tokens to earn TSXV:BONE rewards, which are proportional to the staked amount and duration. Utility and Governance TSXV:BONE plays a dual role as a utility and governance token. It’s instrumental in enabling the Shiba Army to vote on proposals that shape the ecosystem’s future. With a capped supply of 250 million tokens, TSXV:BONE ensures scarcity while serving as a reward for liquidity providers and stakers. Market Performance TSXV:BONE ’s trading volume has seen a 10.90% increase in the last 24 hours, reaching $12,535,369. This uptick indicates heightened market activity and investor interest. It is currently ranked #450 on CoinGecko, with a market capitalization of $170,795,177. Despite being 95.59% below its all-time high (ATH) of $15.50, recorded on July 7, 2021, TSXV:BONE has shown resilience. Its current price of $0.675 offers a potential entry point for long-term investors. The token’s all-time low of $0.035888, recorded on August 12, 2021, is a stark contrast to its current valuation, representing significant growth. Ecosystem Integration BONE’s integration within the Shiba Inu ecosystem as a bridge between SHIB and LEASH enhances its value proposition. The ShibaSwap platform enables users to engage in token swaps, liquidity provision, and staking, further driving the demand for $BONE. Technical Analysis As of writing, TSXV:BONE is up 8.24%, reflecting its cooling-off phase following a significant surge in early December. Trading at $0.675, the token is well below its ATH, making it an appealing option for investors looking to capitalize on its recovery potential. Relative Strength Index (RSI) The RSI suggests that TSXV:BONE is in a bearish reversal mode, hovering near support levels. This indicates that the token is consolidating after its recent rally, potentially setting the stage for a breakout. Market Trends The broader Ethereum ecosystem, of which TSXV:BONE is a part, has outperformed with a 12.70% increase over the past week. However, TSXV:BONE ’s price performance, up 1.20% over the same period, suggests room for growth. Key Levels - Support: $0.65 - Resistance: $0.75 A decisive break above the $0.75 resistance level could signal the start of a bullish trend, while a dip below $0.65 might lead to further consolidation. Opportunities Ahead 1. Increased Adoption: As the Shiba Inu ecosystem expands, TSXV:BONE ’s utility as a governance and reward token is likely to grow. 2. Market Sentiment: The crypto market’s recent bullish sentiment could fuel TSXV:BONE ’s recovery. 3. Community Engagement: The Shiba Army’s active participation in governance could drive TSXV:BONE ’s demand. Conclusion Bone ShibaSwap ( TSXV:BONE ) is poised at a crucial juncture. With its robust fundamentals and promising technical setup, the token holds potential for significant upside. Investors should closely monitor market trends and key support/resistance levels to capitalize on TSXV:BONE ’s breakout prospects. As part of the thriving Shiba Inu ecosystem, TSXV:BONE continues to offer a compelling narrative for DeFi enthusiasts and long-term holders.
SLong
by DEXWireNews
2
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
The Rise of Goatseus Maximus: Best Memecoin to Buy 2024n the ever-evolving cryptocurrency landscape, where trends come and go like the seasons, a new contender is emerging from the shadows—and it’s turning heads. Enter Goatseus Maximus: a meme coin that’s not just riding the wave of internet humour but may very well be poised to dominate the crypto market by 2025. With its playful branding and community-driven ethos, Goatseus Maximus captures hearts (and wallets) in ways traditional coins can only dream of. The potential for wild price swings also attracts thrill-seekers. Speculators see opportunities in volatility, hoping for significant returns as popularity grows. As supply and demand traders, we only want to trade at strong and high-probability imbalances, such as the strong weekly demand level in control now at 0.6. You can use this bigger timeframe weekly demand level to trade short-term and intraday cryptocurrencies trading strategies.
Long
by AlfonsoMoreno
Solana touched $204 and will now target $375Traders, In my previous post on Solana I explained the significance of that blue trendline. When Solana was at $260, I observed that while BTC consolidates with sideways price action, Solana could drop to $204 (pink horizontal support). It did that. In fact, we hit that price several times and so far that support has held. I have now taken a long position and will be targeting $375. on SOL. Here's my quick thesis. First of all, you will notice that inverse head and shoulders pattern. While it hasn't completed yet, nor confirmed, I highly suspect the pattern will play out. There are several reasons why this could be the case. Number one. The rotation of alts is different this year. In case you haven't observed this yet, it goes something like this: Bitcoin pumps either slightly before or sometimes simultaneously with Solana and Solana based meme coins. Often, Solana based memecoins, especially AI genned mcs, are even ahead of Solana and Bitcoin. I have started to observe this recently while looking at my Solana mc list. Many of the Sol AI genned mcs were up yesterday and today. Now, maybe I got lucky and just picked all the right coins to add to my list, but I don't think so. One of my mcs was up almost 900% today at it's peak. That was DEVIN. I am so stoked 'cuz I hold a huge bag in that one. Anyways, I think this is giving me my first hint that the pump rotation is just about to begin again before Christmas. It often starts with SOL based AI mcs first, then other mcs like the OG cats, dogs, and frogs, etc. Then we hit the dex's like Jupiter, Ray, GUAC, Orca, etc. Then you'll see SOL start (maybe in conjunction with BTC). Next you'll start to see other chain based mcs pump along with AI coins like FET, TNSR, AIOZ, NEAR, etc. Last but not least, you'll see the OG Boomer ALTS pump to finish it up. My suspicion is that we get one more round of something like this before Christmas. I could be wrong but so far, my record speaks for itself here so be prepared for this. ✌️ Stew.
COINBASE:SOLUSDLong
by stewdamus
2
PEPE | ALTCOINS | Next TargetsALTCOINS have seen hard pumps and at this point of the cycle, for as long as BTC trades range between 95k-105k , altcoins can go even higher. PEPE has recently made a new ATH, but it's likely that there is another push. This is now price discovery, as there are no points of resistance or support. However, through Fibonacci and technical indicators, we can get an idea of were the price of PEPE may be heading next. Don't miss yesterday's update on ETH, and why the ATH is NOT IN yet: _______________________ MEXC:PEPEUSDT
Long
by CryptoCheck-
2
FLOKI Soars 8% Amid Debit Card LaunchFLOKI, the utility token of the Floki Ecosystem, is gaining traction in the crypto market, surging 8% in the last 24 hours despite a generally bearish sentiment in the broader market. This rally is fueled by the launch of the highly anticipated Floki Debit Card, a significant utility development for the meme coin sector. Floki Debit Card: A Game-Changer for Meme Coins The launch of the Floki Debit Card marks a major milestone, providing users with the ability to spend their crypto assets at millions of merchants worldwide that accept VISA or Mastercard. Key features include: - 0% Transaction and Exchange Fees: Making it cost-efficient for users. - Multi-Network Support: Integrates over 8 blockchain networks, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Binance Coin (BNB), and stablecoins such as USDT and USDC. - Accessible Options: Offers both a physical card (€32 + shipping) and a virtual card (€10), with a nominal 2% top-up fee. The card is currently available in 31 European countries, with plans to expand availability for physical cards to other regions soon. Virtual cards are accessible globally, excluding OFAC-sanctioned countries and regions restricted by issuing banks or Mastercard. This utility-driven innovation sets FLOKI apart in the meme coin ecosystem, addressing a critical gap by enabling real-world crypto spending. Market Sentiment The introduction of the debit card has strengthened FLOKI’s fundamental appeal, making it more than just a meme coin. The project’s dedication to real-world use cases, combined with its growing ecosystem of decentralized finance (DeFi) products and NFT gaming metaverse (Valhalla), underscores its long-term potential. Technical Analysis At the time of writing, FLOKI is trading at $0.000275, reflecting a 6.78% increase over the last 24 hours. Despite the broader crypto market's bearish narrative, SEED_DONKEYDAN_MARKET_CAP:FLOKI has managed to post gains, signaling strong investor confidence. Volume and Market Structure FLOKI’s 24-hour trading volume of $1.26 billion highlights substantial market interest. The price action reflects a bullish reversal, supported by robust buying pressure likely driven by the debit card launch. Comparative Advantage in the Meme Coin Space FLOKI’s debit card not only enhances its utility but also positions it uniquely among meme coins. While many meme tokens focus solely on speculative trading, FLOKI’s ecosystem—including NFT gaming, DeFi products, and educational platforms—shows a commitment to long-term value creation. The FLOKI community, known as the “Floki Vikings,” has consistently ranked high on social engagement platforms like LunarCrush, showcasing strong community backing. Challenges and Risks Despite its positive developments, FLOKI is not without risks: 1. Market Volatility: The broader market downturn could limit short-term gains. 2. Sustained Utility Adoption: The debit card’s success will depend on user adoption and the project's ability to scale its offerings. 3. Competition: As meme coins like DOGE and SHIB continue to innovate, FLOKI must maintain its momentum to stay relevant. Conclusion FLOKI’s 8% surge highlights the market’s recognition of its innovative debit card launch, a move that strengthens its position as a utility-driven meme coin. Technically, the token shows bullish momentum, with potential for further upside if resistance at $0.000285 is breached. Fundamentally, FLOKI’s commitment to real-world utility, coupled with its strong community, sets it apart in the crowded meme coin space. As FLOKI continues to push boundaries, it’s poised to challenge the perception of meme coins as mere speculative assets, paving the way for broader adoption and integration into the crypto mainstream. Will FLOKI’s debit card ignite a long-term rally? The next few weeks will reveal its impact.
Long
by DEXWireNews
BITCOIN $BTCUSD | BITCOIN OVER $100,000 ! Dec05'24BITCOIN BITSTAMP:BTCUSD | BITCOIN OVER $100,000 Dec05'24 BITSTAMP:BTCUSD Trends: BITSTAMP:BTCUSD Weekly: Bullish BITSTAMP:BTCUSD Daily: Bullish BITSTAMP:BTCUSD 4H: Bullish BITSTAMP:BTCUSD 1H: Bearish BITSTAMP:BTCUSD rallied over $100,000 for the first time ever, and just recently price fell all the way to around $92,250. Unsure where BITSTAMP:BTCUSD is headed next but thought I'd throw my indicators and a few quick drawings on the charts. BITSTAMP:BTCUSD also has an ascending triangle pattern that could be a good opportunity for trade entries. BITSTAMP:BTCUSD pullback prices: Is a pullback to $69,000 heating up, here are my potential pullback areas: 91,500 90,500 85,500 77,000 72,000 69,000 This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, bitcoin, bitcoin price, bitcoin halving, btcusd, btc, BTC, BITSTAMP:BTCUSD , bitcointrades, bitcoinlong, btcusdlong, bitcoinshort, btcusdshort, bitcoinanalysis, bitcointrend, bitcoinrange, bitcointriangle, triangle, ascendingtriangle, chartpatterns, trianglechart, ascendingtrianglebreakout, chartpatternbitcoin, bitcointriangle, bitcoinhalvingschedule, bitcoinbreakout, bitcoinrange, bitcoinrangebreakout, triangularpattern, flag, bitcoinpatterns, bitcoinchartpatterns, btcpatterns, btctriangletrade, btctrianble, btctrend, btctrades, btclong, btcshort, btcrange, btcbreakout, btcbreakdown, bitcoinover100000, bitcoin100, bitcoinover100, onehundredthousand, bitcoinascendingtrianglepattern, bitcoinpullbacks, bitcoindrop, bitcoinpricerally
BITSTAMP:BTCUSD
by TonyAiello
Hawk Tuah ($HAWK): Is This Meme Coin Ready for a Comeback?The Launch and Dramatic Drop Just a day after its much-hyped launch, Hailey Welch's meme token, Hawk Tuah ( MYX:HAWK ), experienced a shocking 90% price drop. Known online as the "Hawk Tuah Girl," Welch aimed to capitalize on her viral fame by creating a token that blends internet culture, humor, and community. However, accusations of sniper attacks and initial high fees marred its debut, sparking debates across the crypto community. Key Launch Events: - Price Plunge: According to Dexscreener, MYX:HAWK 's value sank dramatically within an hour, leading to widespread FUD (Fear, Uncertainty, and Doubt). - Accusations and Defense: Welch's team faced allegations of orchestrating sniper attacks. In response, they clarified that no team member or KOL (Key Opinion Leader) received free tokens or sold any holdings. 🧐 Fundamental Insights: Beyond the Hype 1. Community-Centric Vision: MYX:HAWK isn't just a typical memecoin. Hailey Welch aims to build a cultural movement, integrating her TikTok following, podcast listeners, and merchandise buyers. This strategy targets non-crypto users, potentially driving mainstream adoption. If executed well, this could set MYX:HAWK apart from other meme tokens. 2. Transparency and Trust Issues: Welch's team addressed concerns about token distribution. They emphasized that the 10% team allocation is locked for one year and vested over three years, aligning their interests with long-term growth. However, the market's trust will hinge on continued transparency and community engagement. 3. Potential for Growth: Despite the rocky start, MYX:HAWK 's market cap stands at $29 million, indicating room for growth if the community rallies. Comparisons to successful memecoins like Barsik, GIGA, and MOG highlight the power of community-driven momentum. If MYX:HAWK captures a similar spirit, a surge to a $150–500 million market cap isn't out of the question. Technical Outlook: Signs of Reversal? Current Performance: MYX:HAWK is trading around $0.00295, down 26% from its recent all-time high of $0.0038. While this dip is notable, it's relatively modest for a memecoin, suggesting resilience. Future Prospects: Will MYX:HAWK Soar or Stumble? The fate of MYX:HAWK hinges on its community. Successful memecoins thrive on collective enthusiasm, and Welch's cultural influence could be a game-changer. However, investors should proceed cautiously. Duplicate tokens on decentralized exchanges (DEXs) pose risks, and the team must maintain transparency to rebuild trust. Conclusion: A High-Risk, High-Reward Play Hawk Tuah ( MYX:HAWK ) offers a unique blend of internet culture and crypto, with the potential to capture mainstream attention. While its launch faced significant challenges, the project's vision and community focus could drive future success. Investors should watch closely—if the community holds strong, MYX:HAWK might just "hawk tuah" its way to the moon. 🌕🚀 Stay vigilant, play safe, and remember: in the meme coin market, community is king. 👑
Long
by DEXWireNews
9
Solana Hits Previous High And Something Else.Traders, In the same day that BTC has almost tagged 100k, Solana has hit its previous high. But there is something else showing me that Solana will have a tough time moving higher from here. It's that blue trendline. That started all the way back in mid-October of last year. Solana had remained above it until June of this year when the market could confirm that Bitcoin was going to continue its sideways to down price action until U.S. election time. The day after the election, as I expected, Solana broke its channel to the upside. It has now catapulted to its previous high on rumors of ETF filings today. But its run straight into the intersection of our blue trendline with the level of the previous high, making this area of confluence remarkably difficult for the bulls to beat. Will these ETF rumors be a sell the news event? I mean, you have to know that big money and insiders already knew. I expect them to dump on retail like they always do, take some profits, and then re-enter once retail knows they've been had again and start to fold. I can see the price coming back down to $205 or so. But Solana is white hot riding on the back of meme coins lately, so it's also possible that we just ride under the $260 price for a week or two accumulating before making any more big moves up or down. I don't have strong conviction with either option but I do believe the least likely scenario is the third option, a straight breakthrough of our previous high. ✌️ Stew
COINBASE:SOLUSDShort
by stewdamus
1
BOP CAT: Underrated MemeTried to find a low cap early entry and I think BOP CAT has huge potential to explode this bull run. Look at NUBCAT and POPCAT mcap, make the calculations and decided for yourself. This is a high risk bet! I'm not advising you to go for it. Just here to show the fibs and possible upside. This could move in 3 ways: Multi-color fib: 1 - ABC to the upside, target -0.382 to -0.618 2. Hits 0.618 then back down to 0.786 for accumulation. Blue fib count: 3 - 5 wave Elliot Extension. If we are on start of wave 3, target 1.618. But could extend and get higher if any Exchange listing is announced or if picks up mementum. The white line at the Volume Profile is the Point of Control. Possible resistance there. Stay safe and good luck!
RAYDIUM:BOPSOL_BMNHQD.USDLong
by tcwolf
2
SHIB Burn Rate Rockets 3,400%, Yet Price Faces Bearish PressuresA Surge in Supply Reduction The Shiba Inu ecosystem has once again sparked investor interest as its burn rate surged by an astounding 3,400%, reducing the circulating supply by over 2 billion SHIB tokens. This significant burn, executed by key wallet addresses, signals a concerted effort to decrease supply and drive long-term value through scarcity. Over the past week, a total of 4.23 billion SHIB tokens were burned, reflecting a broader trend that aligns with the fundamental law of supply and demand. Recent large-scale purchases by a major SHIB whale further underscore growing institutional interest, contributing to an optimistic outlook. These strategic burns and acquisitions set the stage for a potentially bullish future as the reduced supply could lead to upward price pressure. Technical Analysis Despite the fundamental optimism, Shiba Inu's current price action paints a mixed picture. At the time of writing, CRYPTOCAP:SHIB is down 6%, trading around $0.00002813. It recently formed a bearish pattern, but crucially, the daily chart reveals a developing bullish flag—a pattern that often precedes significant upward breakouts. The Relative Strength Index (RSI) stands at 51, indicating neutral momentum. This provides ample room for CRYPTOCAP:SHIB to break the current wedge pattern and push higher, should buying pressure intensify. The coin's monthly gain of 70% suggests that the recent dip could be a temporary consolidation before another upward thrust. What’s Next for CRYPTOCAP:SHIB ? Shiba Inu's combination of strong community support, a rising burn rate, and significant whale activity lays a robust foundation for future growth. While the current dip reflects short-term market corrections, the underlying fundamentals suggest that CRYPTOCAP:SHIB could be preparing for a breakout. We predict a doubling in price if the bullish flag pattern holds and the burn rate continues to impact supply. Investors should watch key support levels around the 38.2 % Fibonacci retracement, as any sustained move above this level could signal a new bullish phase. Conclusion: Shiba Inu's recent burn rate surge is more than just a statistical anomaly—it’s a signal of strong community-driven efforts to reduce supply and enhance value. Combined with its growing ecosystem and solid technical setup, CRYPTOCAP:SHIB may soon reward patient holders. The question isn’t if Shiba Inu will rebound; it's when.
Long
by DEXWireNews
Ski Mask Dog (SKI): The Next Big Meme Coin on Base?In the rapidly evolving world of cryptocurrencies, a new contender is making waves on the Base network: Ski Mask Dog ( MUN:SKI ). This meme token not only embodies the playful spirit of many successful digital currencies but also carries with it a significant message about privacy, anonymity, and freedom of expression in the digital age. Fundamentals The Spirit of Ski Mask Dog At its core, Ski Mask Dog represents more than just another meme coin. It stands for freedom of expression, especially in environments where anonymity is crucial. In an era where digital footprints are closely monitored, MUN:SKI advocates for the right to express oneself without fear of judgment or repercussions. This ethos could resonate well with a community that values privacy, making MUN:SKI not just a financial asset but a symbol of online freedom. Token Utility and Accessibility MUN:SKI tokens are actively traded on platforms like Aerodrome SlipStream, Uniswap V3 (Base), and BVOX, indicating a healthy liquidity environment. Despite not being listed on major exchanges like Binance or MEXC, the token's presence on decentralized exchanges underscores its community-driven nature, which is often a hallmark of meme coins with strong grassroots support. Market Performance: With a market cap of $105,235,113 and a 24-hour trading volume of $3,911,570, Ski Mask Dog has shown robust growth, recently increasing by 185.40% over the past week. This performance outstrips both the broader crypto market and similar meme tokens, suggesting a growing investor interest. Technical Analysis: MUN:SKI has experienced a 14% drop in the last 24 hours, which might worry some investors. However, its current trading pattern suggests it's in a consolidation phase, which could precede a significant move. The Relative Strength Index (RSI) at 65 indicates that while the asset is approaching overbought territory, there's still room for potential upward movement before it becomes overstretched. The Moving Average Convergence Divergence (MACD) is showing signs of strength, potentially signaling an upcoming trend reversal. Market Sentiment and Future Prospects: The daily price chart of MUN:SKI depicts a falling wedge, which is often considered a bullish reversal pattern. This could provide an entry point for buyers, especially around the 38.2% Fibonacci retracement level, where value investors might see an opportunity due to SKI's recent milestone of surpassing a $100 million market cap. Risk Factors The broader crypto market's health, influenced by external factors like macroeconomic policies or significant Bitcoin movements, could impact SKI. If Bitcoin undergoes extreme corrections, SKI might face further selling pressure, potentially retracing to lower Fibonacci levels or even testing its one-month low. Potential Growth: Despite these risks, the lack of mainstream recognition for Base network tokens, including MUN:SKI , suggests an untapped market. If Ski Mask Dog gains listings on major exchanges or if the Base network itself gains more traction, MUN:SKI could see a significant valuation increase. Conclusion: Ski Mask Dog (SKI) stands at a pivotal moment. Its fundamentals are tied to a transformative narrative of digital freedom, while technically, it shows signs of potential recovery and growth. For investors and traders looking for the next big thing in meme coins, SKI offers a unique blend of cultural significance and promising market dynamics. As with all high-volatility assets, due diligence, risk management, and an eye on broader market trends are essential. However, for those willing to dive into the less charted territories of crypto, Ski Mask Dog might just be the gem they're looking to add to their portfolio. Remember, in the world of meme coins, it's often the community's belief and the coin's meme-ability that can drive value as much as any technical indicator.
UNISWAP3BASE:SKIWETH_0EA134.USDLong
by DEXWireNews
Just In: Coinbase Set to List Moodeng Token Surge Over 70%The cryptocurrency market witnessed a significant shake-up as Coinbase announced its plan to list Moo Deng ($MOODENG), a meme coin built on the Solana blockchain. This announcement sent shockwaves through the market, propelling $MOODENG to a 70% surge in price within 24 hours, and trading volume skyrocketed by 400% to $751 million. Let's dive into the technical and fundamental aspects driving this remarkable rally. Coinbase Listing Catalyst Coinbase, one of the world's largest and most trusted cryptocurrency exchanges, included Moo Deng in its asset listing roadmap. Although trading and transfers are not yet live, the announcement has significantly bolstered market confidence in $MOODENG. Coinbase’s robust compliance and security measures provide an added layer of legitimacy to the token. Meme Coin on Solana Moo Deng operates on the Solana blockchain, known for its high scalability, low transaction fees, and rapid processing speeds. This aligns well with the growing demand for efficient platforms supporting meme tokens, making $MOODENG a promising asset for investors. Experimental Label As part of Coinbase's commitment to transparency, Moo Deng may receive the "Experimental" label upon listing. This label ensures users are aware of the asset's early-stage adoption while showcasing Coinbase’s rigorous compliance standards through its Asset Hub initiative. Market Sentiment The announcement comes amid a favorable market environment for meme tokens, with recent success stories like FLOKI and other Solana-based tokens inspiring confidence among traders. Technical Analysis Price Surge and Volume Spike Moo Deng’s price surged 70.31% to $0.6123 within a day of Coinbase’s announcement, with trading volume reaching $751 million—a 400% increase. This bullish activity reflects significant market enthusiasm and increased liquidity. Bullish Flag Pattern On the daily price chart, $MOODENG has formed a bullish flag pattern—a technical indicator suggesting potential continuation of the uptrend. The pattern aligns with the broader market's November rally, reinforcing bullish sentiment. Overbought RSI, Yet Momentum Remains Strong Despite the Relative Strength Index (RSI) entering overbought territory, $MOODENG has maintained upward momentum. This resilience indicates strong investor confidence and sustained buying pressure, making the $1 milestone achievable in the short to medium term. Support and Resistance Levels Immediate support for $MOODENG lies near the $0.50 level, aligning with the lower trendline of the flag pattern. A breakout above $0.65 could pave the way for the next significant resistance at $0.80, bringing $1 firmly within reach. Why Moo Deng is a Game-Changer Moo Deng’s integration with the Solana blockchain and upcoming Coinbase listing exemplify the growing institutional interest in meme coins. By leveraging Solana's efficiency, Moo Deng positions itself as a credible meme coin in a rapidly expanding market segment. The price surge following the announcement highlights the token’s potential as a high-yield investment opportunity. Looking Ahead As $MOODENG builds momentum, its journey to the $1 mark seems within reach. Key factors like sustained trading volume, favorable market conditions, and Coinbase’s backing provide strong tailwinds for further growth. Investors should watch closely for updates on Coinbase’s official listing date and technical developments, as these could trigger another wave of bullish activity. For now, Moo Deng's remarkable rally underscores its potential as a standout asset in the meme token arena.
Long
by DEXWireNews
2
1.5 Year BTC Dominance Wedge Finally Breaks!Traders, for a year and a half we have lived inside of this bearish BTC.D wedge. Well, last week it finally broke. This week it looks like we'll get our confirmation of this break. This means altcoin season is officially underway (if you haven't had proof enough already). As BTC continues its sideway price action, various alts have been taking their turn playing catch up. I expect this type of price action to continue through December for alts though they may incur a bit of a pull back at some point as BTC.D heads back up to retest the underside of that wedge. Once hit though, expect our alts to run again. ✌️ Stew
CRYPTOCAP:BTC.DShort
by stewdamus
DIEGO GUZMAN DE ABC TRADERS Y LA IGLESIA DEL POLLO AHUMADOBoth Diego, founder of ABC TRADERS, has shaken the cryptocurrency world once again, but this time it's not about Bitcoin or Ethereum—it’s about meme coins. In a recent essay, we revealed that due to rising geopolitical tensions, he has drastically reduced his meme coin portfolio. Surprisingly, the only meme coin he has kept is :SCF (Smoking Chicken Fish). What makes :SCF special, and why is he betting on this little-known token? Diego's Move The decision to sell most of his meme coins is noteworthy, especially given the overall volatility of the cryptocurrency market amidst geopolitical tensions. Following Iran’s missile attack on Israel, Hayes expressed concerns about the potential for significant losses in an already uncertain market. His strategic reduction underscores the unpredictability of how crypto assets, especially meme coins, will respond to global conflicts. However, in a surprising move, he held onto :SCF, a relatively obscure meme coin, signaling his belief in its long-term potential despite the market's inherent volatility. According to Diego, *"The only meme coin I currently hold is 'Church of Smoking Chicken Fish (SCF).”* This vote of confidence suggests that there might be something fundamentally unique about :SCF that sets it apart from other meme coins. What is :SCF (Church of Smoking Chicken Fish)? :SCF is one of the latest meme coins to capture attention, blending humor and speculation in a way that appeals to retail traders looking for explosive growth. Meme coins have been an exciting subset of the cryptocurrency space, characterized by high risk and high reward. While many of these tokens fail after the initial hype, :SCF has gained an unusual level of attention, especially with a high-profile investor like Hayes, CO-FOUNDER OF BITMEX, keeping it in his portfolio. Technical Outlook for :SCF: What the Charts Say On the technical front, :SCF is showing signs of consolidation, currently trading at $0.1011, down from its all-time high of $0.14. With an RSI of 44, the token is not yet in oversold territory but is dangerously close to testing key support levels. The token is testing its only real resistance level at $0.1019. A breakout above this level could indicate "blue skies" ahead, suggesting significant upside potential. On the downside, :SCF has a critical support level at $0.1011. If the token fails to hold this level, further declines could occur. However, if it holds, MIL:SCF could consolidate and build momentum for another bullish push. While currently trading 8% lower, :SCF has been consolidating within a channel, a typical pattern observed before a potential breakout. Both traders and investors will be closely watching to see if :SCF can break through its resistance and stage a comeback rally. Volatility and Market Sentiment Like many meme coins, :SCF is subject to significant volatility. However, the continued support of the community, combined with Hayes’ public endorsement, adds a layer of bullish sentiment that could spark renewed interest in the token. Additionally, Arthur Hayes' ongoing investment in presale tokens and less-liquid meme coins through his company, Maelstrom**, indicates that he is positioning for future opportunities while maintaining a strategic position in SCF. Why Hayes and I Chose :SCF Over Other Meme Coins While Hayes has not fully disclosed his reasoning for preferring :SCF, several factors likely influenced the decision: 1. Low Risk, High Reward Potential: Given :SCF's relatively low price and market cap compared to larger tokens, the upside potential may far outweigh the risk. 2. Limited Downside: With :SCF already down 8%, the token could be near its floor, making it a strategic hold during volatile periods. 3. Community and Meme Culture: Meme coins like :SCF thrive on community-driven hype. As one of the very few meme coins in my portfolio this week, :SCF could benefit from renewed attention following its endorsement. The Bigger Picture: A Strategic Play in a Volatile Market Arthur Hayes’ decision to reduce his exposure to meme coins while retaining :SCF reflects a broader trend among cryptocurrency investors: shifting toward safer, more predictable assets in times of uncertainty. However, by holding onto :SCF, Hayes is also betting on the continued popularity of meme coins, which have shown remarkable resilience in previous market cycles. While the long-term growth prospects for Bitcoin remain intact, Hayes acknowledges the high volatility of meme coins and the potential collapse of weaker projects. By choosing :SCF, he positions himself in a way that limits risk while keeping a foothold in the meme coin market, which could offer explosive gains during the next bull run. Conclusion: Will :SCF Soar or Sink? :SCF is at a critical juncture. With Arthur Hayes backing it, the coin has the potential to gain significant traction. However, it remains to be seen if it can break its key resistance level and return to its all-time highs. For now, :SCF offers a high-risk, high-reward bet that appeals to both speculative traders and meme coin enthusiasts. This is why I stand firm and committed to this with conviction! Success ahead!
Long
by TRADER_DIEGO_GUZMAN
1
Ethereum Foundation Invests Millions Into zkVMThe Ethereum Foundation's recent multi-million-dollar investment in zkVMs (zero-knowledge virtual machines) has ignited considerable interest and speculation. With prominent researcher Justin Drake revealing key details, this move is seen as a strategic step toward enhancing Ethereum’s scalability and security. But what does this mean for NYSE:ZK , and how might the broader crypto market respond? Driving Innovation The Ethereum Foundation (EF) has committed tens of millions to support zkVM technology, a critical component in advancing Ethereum’s ecosystem. This investment focuses on three key entities: 1. zkevm.org: A formal verification platform for zkRISC-V, ensuring robust and reliable execution. 2. Poseidon Cryptanalysis: Enhancing cryptographic security within zkVMs. 3. ethproofs.org: Streamlining Ethereum’s proof verification systems. These projects collectively aim to bolster Ethereum’s layer-2 capabilities, offering enhanced transaction throughput and reduced fees. As zkVMs gain traction, their adoption could significantly impact Ethereum’s long-term growth and utility, reinforcing its dominance in the DeFi and dApp sectors. Impact on Ethereum (ETH) Price Currently trading at $3,552, Ethereum has experienced minor volatility, dipping 1% intraday after co-founder Jeffrey Wilcke's large-scale ETH transfers to Kraken. Despite these sell-offs, ETH has seen a 5% weekly increase and a robust 33% monthly surge. Analysts believe the market's resilience against these sell pressures underscores strong bullish sentiment. If Ethereum’s zkVM initiatives prove successful, ETH’s price could target $4,000 in this bull cycle. The integration of zkVM technology would improve network efficiency, attracting more developers and institutional interest, ultimately driving demand for ETH. Technical Analysis: NYSE:ZK Outlook Currently, NYSE:ZK is exhibiting a Doji trend channel pattern—a candlestick formation that reflects market indecision. This suggests a potential breakout, but the direction remains uncertain. Key levels to watch include: - Pivot Point: $0.20 – A critical resistance. Breaking above this could signal strong bullish momentum. - Support Level: $0.1588 – This aligns with the 38.2% Fibonacci retracement level, indicating a potential downside if the market sentiment weakens. Should the broader crypto market remain bullish, NYSE:ZK has a solid chance of testing the $0.20 pivot. Conversely, failing to secure upward momentum could see a retracement to $0.1588, consolidating before the next move. Conclusion The Ethereum Foundation's investment underscores its commitment to innovation, particularly in scaling and security. For traders, monitoring NYSE:ZK 's technical patterns and ETH’s price action will be crucial. If zkVM adoption accelerates, this could mark a significant turning point, not just for Ethereum but for the entire DeFi landscape. As the market digests these developments, staying informed on both fundamental shifts and technical trends will be key to navigating the opportunities ahead.
Long
by DEXWireNews