$INIT /USDT Reached $0.5039 | Up 32% 🚀✌️ INIT has already | E L E N on Binance Square

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$INIT /USDT
Reached $0.5039 | Up 32% 🚀✌️
INIT has already jumped 32%, and this is just the beginning. The bigger move is on the way keep your eyes on it! 🔥📈

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Bitcoin ($BTC ) is currently trading at $118,110, experiencing a significant pullback from its recent peak of $124,234. The price is now approaching a critical support zone around $118,000. This level has previously served as a strong bounce point, indicating potential for a rebound if it holds. A successful bounce could drive the price back toward resistance levels between $120,000 and $122,000. Conversely, if this support fails, Bitcoin may experience a deeper retracement toward the $115,000 to $117,000 range. Traders should closely monitor the $118,000 support level to gauge Bitcoin's next move. A decisive break below this zone could signal a shift in market sentiment, while a bounce could reaffirm the ongoing bullish trend.

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$ETH /USDT – Current Price $4,548.81 – Key Support Level in Focus Ethereum has retraced from its recent high and is now hovering near a critical support zone following a sharp decline. Although short-term sellers have emerged, the higher-timeframe chart continues to show a strong uptrend. The $4,000 area serves as a crucial support level. As long as ETH remains above this zone, buyers retain control, and dips could present favorable long-entry opportunities for traders looking to buy at lower levels. A rebound from this support could drive the price back toward higher resistance ranges. However, if the support fails, a deeper retracement toward lower target zones is possible. Traders should watch ETH’s behavior around this key line closely to anticipate the next directional move.

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$XLM jumped 23% over 11 days, reaching $0.451, but profit-taking is causing concern for bulls. Chaikin Money Flow is below 0, indicating growing selling pressure. Recent US PPI data is impacting the entire market. If it breaks $0.470, $0.50 becomes the next target. If it fails, a drop toward $0.36 is possible.

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Breaking News: The crypto market has lost over $100 billion in total value in just the last 24 hours. That’s staggering!

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