$NKN bullish ? Falling Wedge has broken through the resista | Ilias Kps on Binance Square

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Bullish

$NKN bullish ?
Falling Wedge has broken through the resistance line at Apr 21, 0:00 UTC. Possible bullish price movement forecast for the next 43 days towards 0.0854.

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+8.74%

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The upcoming unlock of 74 million $SUI tokens on May 1, 2025, is a critical event that could influence the token's price. In October 2024, a $100 million token unlock (64 million SUI, 2.4% of supply) initially caused short-term volatility, but SUI’s price surged afterward due to bullish factors like Grayscale’s SUI Trust launch and a rising Total Value Locked (TVL). Similarly, a September 2024 unlock saw a 20% price drop but was followed by a doubling in price later . Token unlocks often increase selling pressure, but strong fundamentals (e.g., ecosystem growth, institutional interest) can offset bearish trends. For example, SUI’s TVL recently surpassed $1 billion, signaling investor confidence. Most unlocks are allocated to early investors and contributors (e.g., 61% to Series A/B investors in past unlocks), who may sell tokens for profit . Community reserves (20%) and treasury allocations might be used for ecosystem growth, reducing immediate sell pressure . SUI’s price is currently $3.69, up 915% from its all-time low, indicating strong long-term momentum . Technical indicators like the 20-day EMA above the 50-day EMA historically signaled bullish trends. While the unlock may cause short-term volatility, SUI’s strong fundamentals and historical resilience suggest potential for recovery. A balanced approach (e.g., partial sell-off or setting stop-loss orders) could mitigate risks while allowing exposure to future gains. Always align your decision with personal risk tolerance and investment goals.

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$ETH Should You Invest? Short-Term (1–2 Years): High risk due to volatility and competition. Monitor ETF inflows and the Pectra upgrade’s impact . Long-Term (5+ Years): Ethereum’s ecosystem and upgrades position it for growth, but diversification into emerging blockchains (e.g., Solana) may mitigate risks . Recommendation: Risk-Tolerant Investors: Allocate a small portion (5–10% of portfolio) to ETH, focusing on long-term potential. Cautious Investors: Wait for clearer signals (e.g., sustained TVL growth, regulatory clarity) before entering. Have in mind the following: Blockchains like Solana, Avalanche, and Sui offer faster transactions and lower fees, eroding Ethereum’s market share. Solana surpassed Ethereum in 24-hour DEX trading volume in 2024 . Regulatory Uncertainty: Stricter regulations on staking or smart contracts could hinder adoption. The SEC’s stance on ETH as a security remains unresolved . Technical Challenges: Delays in upgrades (e.g., sharding) or persistent high gas fees could slow growth. Recent gas fees averaged 20 Gwei, down from 25 Gwei, but scalability remains a concern .

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#EthereumFuture Ethereum’s future depends on its ability to maintain dominance in DeFi, execute timely upgrades, and attract institutional capital. While short-term forecasts remain mixed (neutral to bearish), long-term predictions are optimistic, with price targets exceeding $10,000 by 2030. Investors should monitor ETF developments, regulatory shifts, and Layer-2 adoption to gauge ETH’s trajectory. Short-Term (2025) 1-Month: $1,839.77 (+3.87%). 2025 Range Conservative: $1,666–$4,910. Bullish: Up to $5,925 (CoinPedia) or $6,563 (Forbes). Mid-Term (2026–2029) 2026: $4,150–$8,552 ; average $5,713. 2027: Potential surge to $7,482–$8,705. 2028–2029: $10,100–$12,994, driven by broader Web3 adoption. Pectra Upgrade (May 2025): Expected to enhance scalability and transaction efficiency. Sharding: Long-term scalability solution to reduce fees .

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#DinnerWithTrump The crypto industry seeks a balanced approach: fostering innovation through lighter regulation and strategic reserves while addressing risks like fraud and conflicts. Trump’s policies—from tax reforms to mining incentives—aim to solidify U.S. leadership, though ethical and stability concerns persist. Stakeholders will monitor the SEC’s Crypto Task Force, bipartisan legislation, and the impact of Trump’s family ventures on market dynamics. Based on recent policy shifts, executive actions, and industry demands, here are the primary objectives the crypto community and stakeholders seek from the Trump administration: 1. Advocates urge the SEC to adopt the CFTC’s classification of cryptocurrencies like Bitcoin as commodities rather than securities, reducing compliance burdens and fostering institutional participation. 2. Critics highlight that past Bitcoin sales cost taxpayers $17 billion in unrealized gains. The administration has pledged to retain reserves as a long-term store of value. 3. Ensuring crypto firms can access banking services, including custody solutions, by revising FDIC and OCC guidance that previously restricted partnerships.

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#BTCvsMarkets As of April 24, 2025, Bitcoin continues to dominate the cryptocurrency market, influencing broader trends through its price resilience, institutional inflows, and growing perception as a macroeconomic hedge. Bitcoin has maintained a strong position around $93,000, despite profit-taking activities causing declines in altcoins like $DOGE , $XRP , and $SOL . This stability contrasts with broader market volatility, where the total crypto market cap fell 2.5%. President Trump’s softened stance on China tariffs and reassurance about retaining Fed Chair Powell reduced market tail risks, boosting risk-on sentiment. This shift coincided with BTC ’s rally above $93,000 Bitcoin’s leadership reflects its evolving role as a macro hedge and institutional asset, driven by ETF inflows, regulatory tailwinds, and technical momentum. While altcoins struggle to keep pace, BTC’s ability to stabilize above $90,000 underscores its market dominance. Investors should monitor $95,000 resistance, ETF flow trends, and macroeconomic developments for near-term signals.

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