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BREAKING: 21Shares has filed an S-1 with the SEC to launch a SEI ETF.
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# TOTAL MARKET CAP ANALYSIS The total cryptocurrency market cap is recovering from the horizontal demand zone of a descending triangle pattern but is encountering resistance at the trendline. The Ichimoku Cloud is acting as a resistance barrier above the current price action. A decisive breakout through both the pattern and the cloud will confirm a bullish trend. Keep an eye on this development.
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Here's the analysis of $MKR : $MKR is forming a series of lower highs and lower lows. Recently, the price broke below a large channel/flag pattern, indicating a bearish breakout. The price has the potential to move lower toward the major support zone between $981 and $1015. Buying looks promising in that area, but until then, shorting is a better strategy.
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$BONK Neckline Retest โ Bulls Poised to Rebound๐ The token is currently encountering the broken neckline of the inverse head and shoulders pattern on the daily timeframe๐ฅ If the pattern completes and the neckline holds, there is a 100% upside potential๐ Target levels: $0.000024 โ $0.000030 โ $0.000037 โ $0.000041 โ $0.000052๐ฏ
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$DOT Falling Wedge Is About to Break Out ๐ฅ The upper resistance for $DOT has been tested three times in the past five weeks, with each test showing less strength than the previous one ๐ง Selling pressure is decreasing as volume builds upโsmart money is making significant moves ๐ A breakout above $6.80 could lead to a rise toward the following targets: ๐ฏ $4.54 ๐ฏ $5.40 ๐ฏ $6.50 ๐ฏ $7.60
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Latest News
Ethereum(ETH) Drops Below 4,500 USDT with a 0.05% Decrease in 24 Hours
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21Shares Files SEI ETF Registration with SEC
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Bitcoin News: Bitcoin Price Rebounds to $113K Despite โOGโ Whale Selling, Analysts Warn of Double Top Risk
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Bitcoin News: El Salvadorโs Bukele Sparks Prediction Market Frenzy on $1B Bitcoin Holdings
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Ethereum News: Ethereum Exit Queue Hits Record $5B, But Analysts Say Institutional Demand Can Absorb Selling Pressure
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