🚀 Bitcoin Tightens Up at $117K – Breakout Incoming?
$BTC /USDT is holding steady at $117,722, up +0.10%, as it coils between key EMAs in a narrow $2K range. With $1.88B in daily volume and EMAs flattening, BTC is nearing a critical decision point.
Trade Setup:
Buy Zone (Pullback Play): 117,250 – 117,700
Stop Loss: Below 116,600
Target 1: 118,869
Target 2: 119,052
Target 3 (Psychological): 120,000
Market Insight:
EMAs remain bullishly stacked, but momentum has cooled—often the calm before a big breakout. A clean move above $118,869 with volume could spark a fresh rally, while dips to EMA25 may offer ideal entry opportunities.
⚡ Weekend fakeouts are common — stay sharp, trail stops smartly, and let volume confirm the breakout!
$BTC #USCryptoWeek #TradingStrategyMistakes #ArbitrageTradingStrategy #BTCBreaksATH
{future}(BTCUSDT)
TRX Surges 3.22% as USDT Supply Hits 81.69B and Leveraged ETF Filing Fuels Bullish Momentum
TRXUSDT has experienced a 3.22% price increase over the past 24 hours, rising from an opening price of 0.2953 to 0.3048 on Binance. The recent price movement can be attributed to several key developments: Tether minted 1 billion USDT on the Tron network, raising total USDT supply on Tron to 81.69 billion and reinforcing Tron's position as the leading USDT network, which has driven increased transaction volume and market attention. Additional positive sentiment stems from the filing of a leveraged TRON ETF by REX Shares with the U.S. SEC, and the listing of new tokens and projects such as APENFT (NFT), PePe, and SUNDOG on the Tron network, expanding the ecosystem and trading options. Technical analysis discussions indicate that a break above resistance levels has contributed to bullish momentum, while a significant increase in trading volume—up to 126.30% in some reports—reflects heightened trader activity.
Currently, TRXUSDT is trading at 0.3048 with a 24-hour price change of +3.22%, supported by strong trading volume and a market capitalization around $28 billion, as investors closely monitor further developments and price consolidation near key resistance levels.
Ethereum Roars Back Above $3,000 — ETF Surge and SharpLink Deal Spark Revival
SharpLink buys 10,000 ETH from Ethereum Foundation over-the-counter.
On Thursday, Ethereum ETFs saw their second-highest net inflows of $383.1 million.
ETH might rise 17% to $3,470 if it breaks expanding wedge resistance.
SharpLink buys ETH again, ETFs get large inflows
SharpLink Gaming, an Ethereum treasury and esports marketing business, bought 10,000 ETH from the Ethereum Foundation (EF) for $25.72 million in an OTC trade on Thursday.
The Strategic ETH Reserve website said that the acquisition, at $2,572 per ETH, increased the company's holdings to 215,957 ETH, valued over $600 million at current pricing.
"This isn't a trade - it is a commitment to our long-term vision," SharpLink Chairman and Consensys CEO Joseph Lubin stated in a Thursday news statement.
"Guess that's one way to fix EF dumping," said Nansen CEO Alex Svanevik on Friday in an X post.
After a $425 million Consensys-led private placement in June, SharpLink fully committed to ETH treasury. Since then, BitMine (BMNR), Bit Digital (BTBT), BTCS, and GameSquare have offered ETH treasuries.
SharpLink's shares rose 17% Friday, pushing their weekly gains to 71%.
According to SoSoValue statistics, US spot ETH ETFs saw their second-highest daily net inflows of $383.1 million on Thursday, extending their run to five days and $851.73 million. ETH ETFs' total net inflows have surpassed $5 billion a few weeks before their first anniversary on July 23. BlackRock's iShares Ethereum Trust (ETHA) saw the largest daily inflow on Thursday, $300.93 million.
ETH momentarily restored the $3,000 psychological barrier after pushing beyond $2,850 resistance, but it faces opposition around the top border of an ascending right-angled expanding wedge. ETH might climb 17% to $3,470 if it turns resistance into support. It may find resistance at $3,220 on the way up.
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🔻 $XLM /USDT – Short Trade Setup
Entry: $0.3715
Target 1: $0.3610 (~2.8% profit)
Target 2: $0.3345 (~10% profit)
Stop Loss: Above $0.4078 (~9.8% risk)
📉 Reason for Short Setup:
XLM is up +21.64%, but facing strong resistance near its 24h high of $0.4078.
Price is stalling at $0.3715, suggesting potential exhaustion after a big move.
High volume spike often precedes profit-taking, especially when followed by slowing momentum.
If price breaks below $0.3610, selling pressure could increase, triggering a drop toward the $0.3345–$0.3080 support zone.
This is a high-reward short opportunity if $0.371 fails to hold as intraday support. Ideal for reversal traders targeting pullbacks.
$XLM
{spot}(XLMUSDT)
XRP Surges 7.19% as Whale Activity, New Wallets, and Regulatory Optimism Drive Momentum
XRPUSDT has experienced a notable price increase of 7.19% over the last 24 hours, currently trading at 2.7633 USDT on Binance. This upward movement is primarily attributed to a technical breakout above a prolonged descending wedge pattern, increased investor interest reflected by a four-month high in new wallet addresses, and heightened activity from large holders ("whales"). Positive sentiment has also been supported by favorable regulatory outlooks for Ripple in the U.S. and Asia-Pacific, as well as ongoing developments involving Grayscale Investments and the SEC. In the past day, XRP ranked as the third-largest cryptocurrency by market capitalization, with a robust 24-hour trading volume exceeding $16 billion and a circulating supply of approximately 59.13 billion tokens. The most active trading pair remains XRP/USDT on Binance, which saw a volume of over $1.78 billion in the last 24 hours.
DOGE Surges 2% as Whale Accumulation and ETF Speculation Drive $460M in Daily Trading
Dogecoin (DOGEUSDT) has seen a 2.07% price increase over the past 24 hours, with the current price at $0.20130 on Binance. This recent upward movement is primarily attributed to increased whale accumulation, a rise in open interest for DOGE derivatives, and heightened market optimism driven by speculation around a potential Dogecoin ETF and expectations of Federal Reserve rate cuts. Additional positive sentiment is supported by the active Dogecoin community and influential figures. Over the past week, DOGE has experienced strong gains, with significant trading activity reflected in a 24-hour volume of approximately $460.22 million on Binance and a market capitalization of around $30.35 billion, ranking it among the top 10 cryptocurrencies.
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🔻 $IDEX /USDT – Bearish Outlook & Short Trade Setup
Entry: $0.02050
Target 1: $0.01880 (~8.2% profit)
Target 2: $0.01650 (~19.5% profit)
Stop Loss: Above $0.02520 (~22.9% risk)
📉 Bearish Analysis:
IDEX is up +17.95%, but 24h high at $0.03080 was strongly rejected, signaling a bull trap or fakeout.
Price has already dropped back to $0.0205, retracing heavily and losing momentum.
Volume remains high (500M), indicating panic or exit liquidity, not fresh demand.
Lower highs are forming, and key support zones ($0.0188, $0.0165) are in sight.
This suggests a bearish continuation unless the price quickly recovers above $0.025. For now, pressure favors the downside.
$IDEX
{spot}(IDEXUSDT)
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