we will provide analysis and trading signals for three cryptos that have significant movement potential for you Binancials.

Events that occurred in the last 24 hours in the crypto market:

  • The crypto market came under pressure, with the majority of assets experiencing significant declines, especially ACT (-15.7%), PENGU (-12.9%), and DATA (-10.8%), while BEL saw an 11.3% increase.

  • Trueth.Fi files for Bitcoin Plus ETF, adding to its selection of Bitcoin-based investment products.

  • The SEC acknowledged ETF applications from Grayscale and BlackRock, including for Solana, Litecoin, and XRP, opening up potential new listings.

  • Ondo Finance launches Ondo Chain, a layer 1 blockchain for real-world asset (RWA) tokenization, with support from Franklin Templeton and Google Cloud.

  • Lido Finance announced that Lido V3 is coming soon, bringing changes to Ethereum staking.

  • Near Foundation launches $20 million AI Agent fund, focuses on AI token innovation.

  • Tether announces partnership with ReellyTech, facilitating real estate transactions using USDT.

  • The Winklevoss brothers are considering a Gemini IPO, after previously postponing listing plans.

  • Michigan’s State Pension Fund reveals $9 million in Bitcoin ETF holdings, showing growing institutional adoption.

Franklin Templeton files for Crypto Index ETF, adding options for investors looking for diversification.

Make sure to always do an overall analysis before making any trading decisions.

ENA/USDT (🔼 8.93%)

  • Entry: $0.4872

  • Stop Loss: $0.4719

  • Take Profit: $0.5301

Technically, the ENA/USDT price shows potential for a rebound, with support around $0.4719 and resistance at $0.5301. The RSI shows oversold conditions at 29.77, indicating a possible reversal.

Fundamentally, Ethena Labs is launching USDc and sUSDc vaults to support the growth of the Movement Labs ecosystem, offering incentives with yields of around 20% APY. This positive sentiment strengthens investor confidence in the growth potential of the platform and related assets.

SCR/USDT (🔼 10.43%)

  • Entry: $0.505

  • Stop Loss: $0.487

  • Take Profit: $0.558

SCR/USDT shows potential rebound from the support area at $0.487 after experiencing a sharp correction. The target increase is towards the resistance at $0.558 with a potential profit of 10.43%. RSI is still in the oversold area (39.44), indicating the possibility of a relief rally.

Scroll announced an Open Lab livestream that discussed the technical development of the project and involved the community in decision-making. This sentiment can increase community engagement and bring positive expectations towards the project in the short term.

LIT/USDT (🔼 7.18%)

  • Entry: $0.756

  • Stop Loss: $0.737

  • Take Profit: $0.810

LITUSDT shows potential for recovery after a sharp decline. The current price is around $0.763, with strong support at $0.737 and resistance at $0.810. The RSI is at 42.64, indicating an oversold area that could encourage a rebound. If the price manages to break through the $0.810 resistance, further upside is possible. The increasing trading volume could also be an early indication of a trend reversal.

LIT experienced technical issues with the cross-chain bridge, which previously had a transfer limit that caused some transactions to fail. The team has removed this limit and plans to vote on automatic compensation for users who experienced failed transfers. This move reflects the project’s commitment to transparency and accountability, which can increase community trust and investor interest in LIT.

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