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šØ Major Market Movements
Crypto Market Decline Amid Trade Tensions: The cryptocurrency market experienced a significant downturn over the weekend, with Dogecoin dropping over 8% and PEPE falling by 12%, attributed to escalating trade tensions.
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ETH/BTC Bullish Patterns: Analysts have identified bullish patterns in the ETH/BTC exchange rate, suggesting a potential increase of 30% to 50% in the near term.
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š Intraday Market Analysis
A detailed intraday analysis for Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB), and Solana (SOL) indicates that:
BTC: Currently retracing after rebounding at the first resistance level. Key support at $104,000; resistance levels at $104,850, $106,400, and $107,740.
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ETH: Retracing after hitting resistance. Support at $2,525; resistance levels at $2,550, $2,580, and $2,620.
BNB: After breaking through the first resistance, it's retracing. Support at $654; resistance levels at $660, $666, and $672.
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SOL: Rebound was relatively weak. Support at $155; resistance levels at $159, $164, and $169.
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š Altcoin Highlights
Altcoins Ignite on Binance: Strong buying pressure is building fast with top gainers like ARDR (+19.10%), ASR (+9.57%), and FORM (+7.73%). Other notable mentions include LAYER, MASK, and NXPC, all showing signs of bullish momentum.
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š Trending Predictions
Bitcoin's Potential Surge: A user speculates that Bitcoin could reach $100,000 by the end of the year, reflecting bullish sentiment in the community.
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Solana's Price Target: Another user predicts Solana (SOL) could touch between $157.25 and $160.30, indicating optimism about its short-term performance.
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š Binance Coin (BNB) Price Update
BNB (BNB)
$656.19
+$6.71
(+1.03%)
Today
1D
5D
1M
6M
YTD
1Y
5Y
MAX
For more detailed updates and discussions, visit the Binance Square Trending Page.
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