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$USDC is breaking out of consolidation, showing strong signs of an upward move. The price structure suggests momentum building towards the $2.00+ range. With previous rejections now turning into support, the next breakout could fuel a rapid bullish rally. Watch for a surge as accumulation shifts into an uptrend!
#BitcoinPolicyShift Bitcoin Will Explode: With This Decree, the Rise Will Be Inevitable! Bitcoin is about to soar again, and this time, a recent decree may be the major driver of this rise. The measure creates an extremely favorable scenario for the appreciation of the cryptocurrency, attracting even more investors and strengthening its position in the global market.
Trump Mentions U.S. Crypto Reserve, Highlights XRP, SOL, and ADA in His Latest Post
In a recent post on Truth Social, U.S. President Donald Trump claimed that after "years of corruption attacks" by the Biden administration, his strategy would strengthen the nation's position in the expanding digital asset sector.“A U.S. Crypto Reserve will elevate this critical industry after years of corrupt attacks by the Biden Administration, which is why my Executive Order on Digital Assets directed the Presidential Working Group to move forward on a Crypto Strategic Reserve that includes XRP, SOL, and ADA. I will make sure the U.S. is the Crypto Capital of the World. We are MAKING AMERICA GREAT AGAIN!” Trump stated.
Today, I'm sharing one of the simplest trading strategies for a bullish market, especially if you've missed the initial move on a coin.
Wait for the price to consolidate around the high.
Mark that high with a line.
Enter when the price closes a candle above that line (depending on the timeframe you're using). click to claim 🎁
Ride the price towards the next possible resistance level.
Where to set your invalidation? Your invalidation point is the same as your entry level. If the price closes back below that high, it indicates a false breakout, and you should manage your risk and exit the trade.
Check the details in both images.
This strategy works best in an uptrend or bullish market, not in a downtrend or bearish market.
Pepe (PEPE) price is expected to drop by 20% before possibly rising again. Technical indicators and on-chain data predict a pullback to $0.0000130. However, if PEPE flips $0.0000172 into support, this bearish outlook could be invalidated.
Recently, PEPE surged, nearly tripling in market value. From May 19 to 27, the price jumped over 100%, reaching an all-time high (ATH) of $0.0000172. However, signs of weakness appeared as the price made higher highs, while the Relative Strength Index (RSI) made lower highs, indicating a bearish divergence. This often signals a short-term correction or reversal.
After a 6% decline from its ATH, PEPE's price suggests a possible 20% drop to $0.0000130, the midpoint of the $0.0000172 to $0.00000878 range. This correction could be a mean reversion, balancing the rapid price increase.
Investors might consider taking profits or preparing to buy PEPE at lower prices. According to Santiment, a 30-day Market Value to Realized Value (MVRV) ratio of 42% shows that recent buyers have made significant profits, which could lead to selling pressure. Additionally, a decrease in 24-hour active addresses from mid-May indicates potential for a price correction.
A surge in Bitcoin (BTC) could change this bearish outlook for PEPE.
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There was a 20 percent increase with the news of the approval of spot ETFs in $ETH . This situation will continue when the news is finalized, that is, when the SEC accepts the applications. However, it is still early for alt coins, please be careful, the money volume currently rotates between ETH and $BNB $BTC. All other coins are still in the preparation phase. First, these should make a new ATH, the others will follow suit.