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The TOTAL2 altcoin market cap has reached the lower support line of the downtrend channel. The price needs to hold this line and bounce from here; otherwise, we may see further declines in the altcoin market.
#TOTAL2
#Market_Update
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$SUN analysis: Price is currently testing a major support area on the daily time frame. A break below this support would be bearish and likely lead to heavy selling. You may consider accumulating some at the support area with a tight stop loss. Follow for latest crypto charts updates Support Area: $0.01620-$0.01780 #sun #suncoin
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🚨 BREAKING: Iran Moves to Close Strait of Hormuz Following U.S. Strikes 🇮🇷🇺🇸 In a major escalation, Iran has announced the closure of the Strait of Hormuz, a critical chokepoint through which ~20% of global oil supply flows. This move comes in direct response to U.S. military action and has sent shockwaves through global markets. 📉 Market Impact: • Bitcoin broke below $100,000, reacting swiftly to the geopolitical tension and rising risk-off sentiment. • Oil prices are expected to spike, increasing inflation fears. • Global equities and crypto may remain volatile as the situation unfolds. With tensions rising and potential for further escalation, markets are now on extreme alert. Expect high volatility — risk management is crucial.
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While on-chain activity appears muted — with lower transaction counts, minimal fees, and subdued retail presence — this doesn’t signal weakness in the market. Instead, it reflects a paradigm shift in how Bitcoin is being used. 📊 Key Insights: — Nearly 90% of Bitcoin volume now comes from transactions over $100,000. — The average transfer size has climbed to $36,000+. — This highlights Bitcoin’s evolving role as a high-value settlement layer for institutions, rather than a retail-dominated network. Retail may be sidelined for now, but the foundation being laid by larger players hints at something bigger brewing beneath the surface. Patience here often precedes parabolic action. #ScalpingStrategy #SwingTradingStrategy #MyTradingStyle #MarketPullback #XSuperApp $BTC $ETH $BNB
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POL has continued its downward trend as anticipated. The price has dropped by over 10% since our last update and has just bounced near the support area. You can consider placing your long position orders within this support zone and waiting for potential upward movement. The resistance level remains unchanged. #Polygon #pol $POL
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Bitcoin has broken through the support area and experienced a significant decline. The situation is escalating as the U.S. has bombed Iran; it will be interesting to see how Iran responds in the coming days. The price is currently attempting to reclaim the $103,000 level. If it fails to do so, we may see another move toward the $100,000 level. #btc #CryptoStocks $BTC #Binance
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