🟠 Bitcoin would have to fall below $64K by next week for th | TopCryptoNews on Binance Square

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🟠 Bitcoin would have to fall below $64K by next week for the spiral chart to cross the 2021 cycle's first peak (~$64K on Apr 13).
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🟡 Pi Network Breaks $1 Mark with 60% Daily Gain After Long Accumulation Phase The rally appears to be driven by a combination of ecosystem development and market speculation. On May 14, the Pi Network team is expected to announce a major update, which has sparked optimism in the community. The timing also coincides with the upcoming Consensus 2025 summit, where Pi’s founder is scheduled to speak. In the lead up to the event, traders and large institutions have been accumulating PI, including platforms like BANXA. #PI #PIcoin #PInetwork

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⏰ Timeframe: 1h 🪙 Coin: $WIF USDT / Price: 1.1190 ⬆️ Direction Bias: Buy/Long Take Profit: 1.1500 (2.77%) Stop Loss: 1.0900 (2.59%) ℹ️ The price is above critical SMAs and EMAs, indicating strong upward momentum. RSI is bullish, while ADX suggests a strong trend, supporting a long position. #WIF #Signal #Signals #SignalAlert

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🔷 Ethereum Price Exceeds $2,600, On-Chain Data Signals a Surge Toward $3,000 Ethereum has surged above $2,600, with 69 million #ETH turning profitable as bulls eye the $3,000 mark amid rising inflows. With an intraday gain of 3.36%, Ethereum has surpassed the $2,600 level. Starting the week strong, ETH continues its bullish momentum as Bitcoin holds above the $105K mark. Boosting broader market sentiment, the US-China trade deal has fueled an extended rally this week. Amid these conditions, will Ethereum manage to reach the $3,000 milestone? 🔸 #Ethereum Price Analysis: Eyes Set on $3,000 Ethereum has risen to the $2,600 level with an intraday surge of nearly 3.5%. The ongoing rally has produced four consecutive bullish candles over the past five days, contributing to a nearly 45% price increase. This recent rally follows a breakout from a falling channel and a key supply zone near $1,850. Additionally, the uptrend has broken through the 38.20% Fibonacci level and crossed the 200-day EMA, near the critical $2,400 psychological level. Ethereum now aims to test the 50% Fibonacci level near $2,700. The sudden spike in buying pressure has driven the Money Flow Index to 83. As inflows increase, the uptrend is likely to clear overhead resistance levels. A breakout above the 50% Fibonacci level could significantly increase the chances of Ethereum testing the $3,000 psychological mark this week. On the downside, crucial support lies at the 100-day EMA near $2,145, just below the 38.20% Fibonacci level at $2,400. 🔸 On-Chain Data: 69M ETH Turns Profitable With Ethereum trading near the $2,600 mark, data from IntoTheBlock shows that 10 million investors have become profitable. These investors hold a combined volume of 69 million ETH, acquired at an average price of $2,259 and a maximum of $2,423. Ethereum’s ongoing recovery is set to challenge a key resistance zone, where 8.09 million investors hold approximately 8 million ETH at an average cost of $2,740.

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📊 $PEPE Price Surges 90%: Is $0.000020 Next as Open Interest High Record High? #PEPE price has hit $0.000015 with strong bullish momentum. Traders are now eyeing $0.000021, as derivative data shows record-long positions. With the total crypto market cap rising to $3.3 trillion, the meme coin sector has surged by nearly 8%, reaching $76 billion. Among the top-performing meme coins, PEPE has gained over 80% in the past seven days. Currently, the meme coin is nearing a breakout at the psychological resistance level of $0.000015. If the uptrend continues, technical indicators support the possibility of PEPE surpassing the $0.000020 milestone. 🔸 Pepe Price Analysis With an intraday surge of nearly 10%, Pepe is trading at the $0.000015 mark. As the trend continues, starting with a morning star pattern on May 7, the meme coin has increased by nearly 90%. The sudden boost in bullish momentum comes amid the broader market recovery. Furthermore, on the daily chart, the recovery in Pepe has marked a bullish breakout of a symmetrical triangle pattern. This is confirmed by the 35% surge on May 8, surpassing the long-standing resistance trendline. Additionally, the meme coin surpassed the 200-day EMA line near the $0.000010 psychological mark. At present, the meme coin rally has overcome the 67.80% Fibonacci level at $0.00001426. As Pepe continues to form strong bullish candles, the rising influence teases a potential bullish crossover in the 50 and 100 EMA lines. Additionally, the MACD and signal lines maintain a positive trend after the recent crossover. Hence, the technical indicators support the chances of Pepe maintaining a bullish trend this week. With the breakout of the 61.80% Fibonacci level, the 78.60% level at $0.00001870 is the immediate price target, hinting at a 25% upside potential. Hence, the technical analysis supports the possibility of Pepe surpassing the $0.000020 psychological mark. Conversely, a potential pullback will likely reach the 50% Fibonacci level at $0.00001178.

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📣 Optimism ($OP ) Eyes Potential Trend Reversal as $0.85 Support Holds, $1.00 Target in Sight The cryptocurrency market is witnessing a pivotal moment as #OP breaks key resistance levels, potentially setting the stage for significant price movements. This article explores the current dynamics of Optimism (OP), detailing price levels to watch and the broader implications of recent trading activity. 🔸 Understanding OP’s Recent Breakout: The $0.85 Threshold Recent analyses indicate that OP’s price momentum is contingent upon maintaining support at the $0.85 level. Social sentiment and technical indicators suggest an upward trajectory. Initially, the $0.85 threshold acted as significant resistance, but post-breakout, OP climbed to around $0.89, indicating bullish investor sentiment. Monitoring the market closely, if OP maintains stability above the $0.85 mark, a push toward the $1.00 psychological barrier appears feasible. Conversely, failing to hold this level could signal a return to lower price ranges, particularly the $0.70 area, necessitating close monitoring of market sentiments and trading volumes. 🔸 Transaction Volume Insights: Whales in Action A recent report from IntoTheBlock highlights that Large Transactions Volume peaked at 120.25 million OP in a single day, illustrating increased interest from larger investors. As weekly transaction volumes ranged impressively between 78.87 million and 229.36 million OP, projecting a bullish narrative, ongoing analysis remains crucial.Conversely, failing to hold this level could signal a return to lower price ranges, particularly the $0.70 area, necessitating close monitoring of market sentiments and trading volumes. 🔸 Transaction Volume Insights: Whales in Action This spike in activity coincides with OP’s price rally, underscoring the correlation between whale actions and significant price movements. As weekly transaction volumes ranged impressively between 78.87 million and 229.36 million OP, projecting a bullish narrative, ongoing analysis remains crucial.

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