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BINANCE:BNBUSDT On June 5, BNB experienced a sharp decline, breaking below the significant support at $280. Although there was a feeble recovery attempt on June 6, the bears prevented the price from sustaining above $280. Selling pressure resumed on June 7, leading the bears to push the price below the crucial support at $265. This is a negative sign,...

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BINANCE:ETHUSDT On June 5, Ether briefly dipped below the resistance line of the falling wedge pattern, but the bears were unable to capitalize on the downside momentum, indicating demand at lower levels. On June 6, the bulls pushed the price back above the moving averages, but encountered strong selling pressure from the bears. The sellers will once again...

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BINANCE:BTCUSDT Bitcoin and major altcoins are currently experiencing selling pressure at higher levels, but there is no indication of panic selling at the moment. Over the past two days, the cryptocurrency markets have been volatile as they grapple with the actions taken by the United States Securities and Exchange Commission (SEC) against two prominent crypto...

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BINANCE:MATICUSDT Polygon has been trading within a narrow range between $0.91 and $0.82, indicating indecision among traders regarding the next directional move. The downward slope of the moving averages and an RSI below 39 indicate the prevailing control of the bears. Sellers will aim to push the price below $0.82 to resume the downtrend, potentially leading...

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BINANCE:SOLUSDT Solana experienced a downturn and breached the significant support level at $19.85 on May 21, indicating the continued dominance of bears. The SOL/USDT pair may decline to $18.70, which is an important level to monitor. A breakdown below this level could lead to a descent towards the critical support at $15.28, likely attracting substantial...

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BINANCE:DOGEUSDT Dogecoin faced a rejection from the 20-day EMA ($0.07) on May 21, but the bulls continued to buy the dips, keeping the price within the range. The bears will attempt to strengthen their position by pushing the price below the strong support level at $0.07. If they succeed, the DOGE/USDT pair could decline to $0.06, where buyers are expected to...

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BINANCE:ADAUSDT In the past three days, Cardano has continued its decline and reached the uptrend line on May 21. This level is crucial as a break below it would indicate weakening control by the bulls. However, on May 22, there was a strong bounce off the uptrend line, demonstrating the buyers' determination to defend this level. If the bulls manage to push...

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BINANCE:XRPUSDT While the bulls have been unable to break above the downtrend line, they have managed to hold the 20-day EMA ($0.45) as support, indicating a shift towards a bullish sentiment and buying on dips. The gradual upward turn of the 20-day EMA and a positive RSI suggest that the path of least resistance is towards the upside. If buyers successfully...

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BINANCE:BNBUSDT BNB has been trading within a range defined by the 20-day EMA ($313) and the horizontal support at $300. The downward slope of the 20-day EMA and an RSI near 44 indicate a slight advantage for the bears. Sellers will aim to push the price below $300 and challenge the support line of the descending channel pattern. However, if the price reverses...

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BINANCE:ETHUSDT Ether has been trading near the 20-day EMA ($1,833) for the past few days. Despite successful defense by the bears at this level, the bulls have maintained pressure, increasing the chances of a breakout above the 20-day EMA. If that occurs, the ETH/USDT pair could rise towards the resistance line of the falling wedge pattern. This resistance...

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BINANCE:BTCUSDT The narrow range trading of Bitcoin suggests that traders are currently waiting for a catalyst to initiate the next significant price movement. Bitcoin has been trading within a tight range for the past few days, typically leading to a range expansion and strong trending moves. Market intelligence firm Glassnode has noted that Bitcoin's...

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BINANCE:MATICUSDT Polygon is making efforts to initiate a recovery that could reach the breakdown level at $0.94. However, strong defensive measures from the bears are expected at this level. If the price turns down from $0.94, it would indicate that the bears have transformed this level into a resistance zone. They will likely attempt to further solidify their...

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BINANCE:SOLUSDT Solana's rebound from the strong support level at $19.85 is approaching the downtrend line, which is likely to pose a significant challenge for the bulls in the short term. With the moving averages flattening out and the RSI near the midpoint, selling pressure could be diminishing. If buyers manage to propel the price above the downtrend line,...

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BINANCE:DOGEUSDT Dogecoin has seen solid demand at the $0.07 support level, successfully defended by the bulls in recent days. However, the relief rally is expected to encounter resistance near the moving averages. If the price turns down from the overhead resistance, it would indicate a lack of demand at higher levels and embolden the bears to attempt sinking...

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BINANCE:ADAUSDT The recovery of Cardano has reached a crucial level at the 20-day EMA ($0.37), which should be closely monitored in the near term. If buyers manage to push the price above the 20-day EMA, it would indicate a positive sentiment and traders buying on dips. In such a scenario, the ADA/USDT pair may rise towards the neckline of the inverse head and...

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BINANCE:XRPUSDT XRP has been trading below the $0.43 level in recent days, but the bulls have shown resilience by preventing further declines. The bulls will aim to capitalize on this situation and push the price above $0.43. Such a move could lead to a recovery towards the resistance line, where the bears are likely to defend. To initiate a rally to $0.48 and...

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BINANCE:BNBUSDT The bulls have propelled BNB to the moving averages, highlighting the strong support at the $300 level. If the price breaks and closes above the moving averages, it would open the path for a potential rise towards the overhead resistance at $338. However, this level may present a formidable barrier. If the bulls manage to overcome it, the...

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BINANCE:ETHUSDT After rebounding from the 50% Fibonacci retracement level of $1,754 on May 12, Ether has consolidated for a couple of days before the bulls pushed the price to the 20-day EMA ($1,854). The bears will vigorously defend the support line and aim to convert it into resistance. If they succeed, it would indicate selling pressure at higher levels, and...