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$ETH
surges above $4,700, now within striking distance of its $4,891 all-time high set in Nov 2021.
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Solana is holding near $195 after bouncing from $192, supported by spot inflows and key demand zones. The $200–$210 resistance is the next big test, breaking above could push $SOL toward $213–$230, while losing $194 may lead to a retest of $186–$176. For now, the market is shaky, waiting for a clearer signal. #MarketTurbulence
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$XRP price has stabilized around $3.1 after a volatile drop earlier in the session, bouncing off the 200 EMA on the 4-hour chart. The rejection near $3.32 (0.618 Fib level) triggered a pullback, but positive spot inflows suggest potential recovery. Key resistance sits at $3.20–$3.21 (mid-Bollinger Band and EMAs), while support holds at $3.04 (200 EMA). A break above resistance could retest $3.32, while losing $3.04 may push price toward $2.93. The 4-hour RSI (52) and MACD hint at a possible bullish reversal, but overhead supply remains a challenge. For now, the market is neutral, awaiting confirmation of the next directional move. #HotJulyPPI
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Is Cardano About to Break Out, Or Is This Another Fakeout? I’ve been watching Cardano closely, and right now, it’s at a make-or-break moment. That $1 resistance isn’t just any level, it’s a multi-year trendline that’s rejected ADA over and over. The brief spike above it this week got my attention, but until we see a strong daily close above $1, I’m staying cautious. I can’t help but compare this to early 2021, when Ethereum breakout lit a fire under the entire altcoin market. $ETH is knocking on the door of its all-time high again, and if it surges, $ADA could follow. The charts look promising, the 20-day MA just crossed above the 200-day, a classic bullish signal we last saw before ADA late 2024 rally. But here’s what’s nagging at me; crypto markets love to shake people out. Just last week, exchanges liquidated over $1 billion in longs, reminding us how quickly sentiment can flip. Right now, ADA risk score sits at 43, similar to December 2020, right before the last bull run. That’s exciting, but I’m not all-in yet. If we dip back to the mid-$0.80s to cool off, I’ll see it as a healthy reset before the next push. But if $1 flips to support? That’s when things could get really interesting. Watching for that confirmed breakout, because if ADA holds above $1, I don’t want to miss what comes next. #MarketTurbulence
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$LINK is currently trading around $23.85, testing a key resistance zone between $24.20 and $24.64 after breaking a long-term downtrend. The rally from $14 in early August has cleared multiple resistance levels, including Fibonacci retracements at $18.00 and $20.50, with the next target at $26.46 (0.786 Fib). Support sits at $21.04, backed by strong volume and bullish on-chain flows. The 4-hour chart shows sustained momentum, with the Supertrend indicator and DMI supporting further upside. A break above $24.64 could open the path toward $26.46, while a rejection may see a pullback to $23.00 or $21.04. The daily EMAs are aligned bullishly, and spot inflows suggest continued buying interest. The bias leans upward, but a hold above $24.00 is key for further gains. #REVABinanceTGE
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Shiba Inu has risen 12% in the past week, reaching $0.00001374 with an $8 billion market cap, now ranking 22nd among cryptocurrencies. The $SHIB burn rate surged 181% in 24 hours, removing over 821,000 tokens from circulation. On-chain data shows increased whale activity, with large holder outflows jumping from 183 billion to 359.6 billion SHIB between August 7-9. Analysts suggest a breakout above $0.00001553 could push SHIB toward higher resistance levels, while failure to clear this may lead to consolidation. Technicals show a descending triangle pattern, with tightening Bollinger Bands hinting at potential volatility. The MACD hints at a bullish crossover, while the RSI (56.19) suggests room for further upside. A positive Chaikin Money Flow (0.04) indicates mild buying pressure. #BTCReclaims120K
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