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Shakeel Baig
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Ethereum Profit-Taking Spikes On August 16, realized profits surged to $575M โ the largest profit-taking event of this cycle so far. This highlights a clear trend of long-term ETH holders reducing exposure and locking in gains as the market tests key all-time high resistance zones.
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Buying #LINK below 25$ is buying ETH below 700$ before 1400$
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XRP analysis: Price is trading in symmetric triangle and respecting the support and resistance lines. You can open long position around $2.80-$2.90 area with tight stop loss. A break of this triangle will push the price towards all-time high resistance of $3.55-$3.70 area.
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DOGE analysis: Price is tested the support area and and holding this level. You can open long position at the support area. DOGE is lagging in this bull run and we may see a big rally anytime. Support Area: $0.210-$0.215
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Bitcoin closed the candle below the $115,000 level and dropped sharply from there. The price reached the $112,600 support area and is holding above it. BTC needs to maintain above $112,000; otherwise, we may see further declines.
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Latest News
Federal Reserve Officials Suggest Current Interest Rates Near Neutral Level
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Federal Reserve Meeting Highlights Tariff Impact on Prices
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Senator Lummis Aims to Advance Cryptocurrency Market Structure Bill by Year-End
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Bitcoin(BTC) Surpasses 114,000 USDT with a 0.50% Increase in 24 Hours
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BNB Surpasses 840 USDT with a 1.40% Increase in 24 Hours
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