Ravencoin Surges 64% as Upbit Listing Spurs Record Volume and Renewed Market Momentum
Ravencoin (RVN) is currently trading at $0.01841 with a 24-hour trading volume of $12,632,050.73, reflecting a significant 64.23% price increase from the previous day. The sharp rise in price and trading activity is primarily attributed to the launch of RVN/KRW trading on Upbit at 15:00 local time on June 5, 2024, which drove heightened demand and volume across multiple exchanges. This event, combined with continued technical interest and buyer activity at recent support levels, has contributed to the notable short-term volatility and upward momentum observed in the RVN market.
$DEGO /USDT 4H Chart Analysis
DEGO/USDT has seen a dramatic move on the 4-hour chart, currently trading at 1.254 USDT, down 5.07% in the last candle. Let’s break it down:
🔴 Price Action: The chart shows a massive bearish candle on June 5th, dropping the price from around 2.600 USDT to 1.254 USDT a steep 52.36% decline in a short period.
This indicates strong selling pressure, possibly triggered by a market event or panic selling. The price has since stabilized around the 1.250 USDT level, but the momentum remains bearish.
📉 Volume: The volume spiked significantly during the drop, with 48.19M USDT traded in the last 24 hours. This high volume confirms the intensity of the sell-off, though it has tapered off slightly post-drop, suggesting a potential pause in selling pressure.
📅 Historical Performance: Looking at the performance metrics:
7 Days: Down 30.0%
30 Days: Down 20.8%
90 Days: Down 63.0%
180 Days: Down 48.31%
The consistent downward trend over multiple timeframes indicates a broader bearish sentiment for DEGO.
🔧 Technical Indicators:
The price is well below its 24-hour high of 2.689 USDT and even below the 24-hour low of 1.232 USDT before this drop. This suggests a potential new support zone around 1.200-1.250 USDT.
The volume SMA (Simple Moving Average) shows a sharp increase, aligning with the price drop, which often signals a capitulation event.
📈 What’s Next?:
Support: The current level around 1.250 USDT may act as short-term support. If this breaks, the next psychological level could be 1.000 USDT.
Resistance: Any recovery would face resistance around 1.500 USDT, with a stronger barrier near 2.000 USDT where the price consolidated before the drop.
Sentiment: The sharp decline and high volume suggest caution. Watch for signs of accumulation or a reversal pattern (e.g., a bullish divergence on RSI, not visible here) before considering a long position.
#DEGO #CryptoAnalysis #Trading #Binance
$EVOLVE
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Dev works hard 24/7. Find your entry
💸 #USDC Circle IPOs, Raises $1,100,000,000 — Twice More Than Planned (Bloomberg)
✦ Share price: $31
✦ Placement volume: 34,000,000 shares
✦ Company rating:
⊹ $6,900,000,000 (in shares outstanding)
⊹ $8,100,000,000$ (including all options)
#CircleIPO
Tilt: When Your Mind Betrays Your Strategy
In trading, the most dangerous enemy isn't volatility — it's your own mind.
Tilt is what happens when a trader suffers a loss they’re not emotionally prepared to accept. It could be massive. It could be absurdly unfair. But either way, it cracks something inside.
What follows is a cascade of poor decisions:
You vow not to lose again — but trade emotionally
You ignore your system, chasing setups that “feel right”
You exit winners too soon, and hold losers too long
Tilt is a feedback loop of cognitive distortion.
Even a statistically profitable trader can go broke if their mindset breaks first.
Traditional advice like “don’t chase losses” is tone-deaf. It ignores the emotional gravity of trading under pressure.
The real solution?
Radical acceptance of loss. Recommitment to structure. And giving yourself space to breathe, not perform
#trading
Bitcoin Drops Below $105K Mark, Altcoins Follow Suit (Market Monitoring)
Bitcoin's price experienced a disappointing downturn in the last day, now sitting lower than $105,000. This follows a short period of growth, where it reached a record high of nearly $112,000 two weeks ago. Altcoins have also seen larger losses, with AVAX, UNI, HYPE, XMR, and ENA among those significantly affected.
Despite several attempts to recover towards $106,000, Bitcoin has remained below $105,000. Its market capitalization sits at $2.080 trillion, and it holds a dominance over altcoins at 61%. Altcoins such as Avalanche, UNI, and XMR have also faced significant losses, with the combined market capitalization of all cryptocurrencies falling by more than $30 billion, now below $3.410 trillion.