🔍 Bitcoin Price Stalls Below Resistance – Is a Breakout Brewing?
Bitcoin (BTC/USDT) is hovering around $117,400 with minimal movement (+0.01%), indicating a phase of consolidation. Despite testing higher levels near $118,600, BTC is struggling to break above key resistance at $118,000–$118,600. If bulls reclaim $118,600 with volume, we could see a sharp push toward $120K. On the flip side, a drop below $117K may expose downside to $116,400. Traders should stay alert for a breakout above or rejection below this zone.
📊 Trade Setup:
Entry: $117,400
Target 1: $118,600
Target 2: $120,000
Stop Loss: $116,400
#Bitcoin #BTCAnalysis #CryptoTrading #Binance #BreakoutAlert
$BTC
{future}(BTCUSDT)
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ADA Token Sees Surge in Trading as Binance Soft Staking Launch and Midnight Glacier Airdrop Fuel Market Activity
Cardano (ADAUSDT) has experienced heightened volatility and strong trading activity, driven by several key factors. The launch of Binance’s Soft Staking feature for ADA, which allows users to earn daily rewards without a lock-up period, has contributed to increased user engagement as part of Binance's 8th anniversary promotions. Anticipation around the upcoming Midnight Glacier airdrop has further boosted ADA trading volume and open interest in derivatives, with a notable long-to-short account ratio of 2.012 and top traders at 2.2971, indicating a prevailing bullish sentiment among traders.
Despite these positive developments, ADA’s price has declined by 2.80% over the past 24 hours, currently trading at $0.7157 on Binance, down from a 24h open of $0.7363. The price fluctuation follows a period of significant gains earlier in the week, including a 12% jump reported on July 12 and a 15% surge on July 11, fueled by broader altcoin market momentum and speculation of an upcoming "alt-season." Recent large token movements by Cardano whales and increased foundation spending have also contributed to market activity. The 24-hour trading volume remains substantial, ranging between $1.17 billion and $2.83 billion, with a market capitalization around $25.5 to $26 billion and a circulating supply of approximately 36 billion ADA. While technical analysis shows both bullish and cautious perspectives, the latest price decline appears to be a short-term correction following rapid gains and heightened speculative trading.
XRP Slides 2.22% Amid Whale Accumulation, ProShares ETF Buzz, and Ripple’s Banking Ambitions
XRPUSDT experienced a price decrease of 2.22% over the last 24 hours, with the current Binance price at 2.7614. The recent price movement is largely attributed to a combination of technical and fundamental factors, including a major technical breakout from a descending triangle pattern, increased accumulation by large holders (whales), and anticipation surrounding the upcoming ProShares XRP ETF launch on July 18, which has driven significant institutional interest. Additional drivers include Ripple’s application for a U.S. banking license, expansion of RLUSD stablecoin activities, and ongoing legal developments with the SEC. Despite strong bullish momentum earlier in the day, which saw prices reach a high of 2.84, profit-taking and short-term consolidation have contributed to the current pullback. Trading volume remains elevated, reflecting sustained market activity, and XRP maintains a high market capitalization, with a circulating supply of approximately 59.13 billion coins.
SLF Token Surges 19.59% Amid Binance Observation Tag and $79M Trading Volume Spike
SLFUSDT experienced a significant 19.59% price increase over the last 24 hours on Binance, rising from 0.0684 to 0.0818 USDT, with trading volume surging to over $79 million. The recent price volatility and increased trading activity are primarily attributed to Binance placing an observation tag on SLF, signaling heightened scrutiny and potential delisting, which has triggered both investor concern and speculative trading. Additional exchange actions, such as Bitget’s earlier delisting of SLFUSDT futures and MEXC’s leverage adjustments, have contributed to market uncertainty and volatility. Despite the recent rebound, SLFUSDT remains down over 90% year-on-year, and its market capitalization is approximately $13.69 million, ranking it #1430 on CoinGecko.
KNC Token Soars 88% on Binance as Trading Volume Surges Over 10,000%, Attracting Market Spotlight
KNCUSDT experienced a significant price surge over the past 24 hours, rising 88.14% from an opening price of 0.3237 to a current price of 0.6090 on Binance. This explosive movement appears to be driven primarily by a sharp increase in trading volume and heightened investor interest, as evidenced by a 10,551.10% spike in 24-hour trading activity and strong technical indicators, including an RSI(6) of 96.4170 and a positive MACD. No specific news or events have been directly linked to the rally, suggesting that the price movement is largely attributed to increased market momentum and speculative buying pressure.
Currently, KNCUSDT is trading at 0.6090 with a 24-hour volume exceeding $1.22 billion, a market capitalization around $114.81 million, and a circulating supply of approximately 187.44 million KNC, reflecting heightened volatility and sustained market attention.