Solana Leads DEX Trading Volume Among Public Blockchains
According to BlockBeats, data from DeFiLlama reveals that Solana's decentralized exchange (DEX) trading volume reached $19.359 billion over the past week, marking a 23.53% increase. This figure surpasses Ethereum's $12.105 billion, positioning Solana as the leading public blockchain in terms of DEX trading volume. BNB Chain follows in third place with $8.813 billion.
Your strategy doesn’t work. If it did, you wouldn’t have lost 73% of your portfolio. man, I think learning for yourself is better than trying to teach or motivate others.
First of all, I want to re-introduce myself to you. As far as you know, some of you know me as “Laraxen”. I will be active here from now on.
I have been interested in crypto since 2019. I can now define myself as a professional trader. There is no event that I have not seen in the market, no misfortune that I have not experienced. But I have witnessed many times when I screamed with happiness. In general, I will give my analyzes here and occasionally give signals and share news.
I would be happy to join you again. Love Squares 💕
Let's analyze the SOL/USDC chart you provided and discuss some potential trading ideas. Technical Analysis * Price Action: The price is currently trading at $236.21, down 1.88% in the last 24 hours. The 24-hour high was $244.73, and the low was $234.21. * Volume: The 24-hour trading volume is 239,087.39 SOL and 57.28M USDC. * Moving Averages: The 21-period EMA is 236.02, and the 50-period EMA is 232.42. The price is currently trading above both EMAs. * MACD: The MACD line is below the signal line, indicating bearish momentum. * RSI: The RSI is currently at 49.81, suggesting that the market is oversold. Trading Ideas Based on the current technical analysis, here are a few potential trading ideas: 1. Short-Term Trade: * Entry: Sell at the current price of $236.21. * Stop-Loss: Place a stop-loss order above the recent high of $244.73 to limit potential losses. * Target: Set a target price at the 24-hour low of $234.21. Rationale: The price is currently trading below the 21-period EMA and the MACD is bearish. This suggests that the price may continue to decline in the short term. 2. Long-Term Trade: * Entry: Wait for a clear bullish signal, such as a breakout above the 50-period EMA. * Stop-Loss: Place a stop-loss order below the recent low of $234.21. * Target: Set a target price at the 24-hour high of $244.73. Rationale: The RSI is oversold, which suggests that the price may be due for a rebound. If the price breaks above the 50-period EMA, it could signal a bullish trend reversal. Important Considerations: * Risk Management: Always use appropriate risk management techniques, such as stop-loss orders, to limit potential losses. * Market Conditions: Keep in mind that market conditions can change rapidly. It is important to monitor the market closely and adjust your trading strategy as needed. * Fundamental Analysis: Consider fundamental factors, such as the overall market sentiment and the news surrounding the cryptocurrency market, when making trading decisions.
Simple analysis of the SUI/USDT chart: Price: $3.75, up 1.26% in the last 24 hours. Volume: 42.25M SUI and 156.07M USDT traded in the last 24 hours. Indicators: * MACD: Bullish crossover, but histogram is below zero, suggesting limited momentum. * RSI: Bullish, indicating strong upward momentum. * STOCHRSI: Bullish, indicating potential for further price increase. * EMA's: Clustered around the current price, indicating a sideways trend. Trading Ideas: * Bullish Bias: The overall trend is bullish, supported by RSI and STOCHRSI. * Potential Entry: Consider buying on a dip towards the lower end of the recent range. * Risk Management: Set a stop-loss below the recent low to limit potential losses. * Wait for Confirmation: Wait for a stronger bullish signal from the MACD histogram before entering a trade. Disclaimer: This is a simple analysis and not financial advice. Cryptocurrency trading involves risk.
* Breakout Trading (Cautious Approach): * Strategy: If price breaks above the recent high, consider a long position. Conversely, a break below the recent low may signal a short opportunity.
* Risk Management: Place stop-loss orders beyond the breakout level to manage potential losses.
* Wait and Watch ⏳:
* Strategy: Given the mixed signals, a cautious approach is warranted. Await clearer signals from price action or indicators before entering trades. Important Considerations:
* Risk Management: Prioritize risk management by implementing stop-loss orders and adhering to position sizing rules.
* Market Volatility: Crypto markets are highly volatile. Continuously monitor the chart and adjust your strategy accordingly.
Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrency trading carries inherent risks. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
SOL/USDT trading pair on Binance, with key indicators including moving averages (EMA), MACD, Stochastic RSI, and RSI. Here are some observations and trading ideas:
Observations:
1. Price Action: SOL/USDT is currently at $227.96, down -2.51% for the session. It has a 24h high of $236.00 and a low of $225.01.
2. EMA Analysis:
The price is near the EMA(33) and EMA(50), which suggests a potential support/resistance zone.
The EMA(200) is at $230.11, meaning the price is slightly below the long-term trend, indicating bearish pressure.
3. MACD (Moving Average Convergence Divergence):
DIF: 0.22, DEA: 0.31, MACD: -0.09 → The MACD line is below the signal line, indicating bearish momentum.
J value is negative, meaning recent price action is weak.
5. RSI Indicators:
RSI(6): 36.34 (near oversold)
RSI(14): 45.81 (neutral, but slightly bearish)
Trading Ideas:
Short-Term Scalping Trade (5m Chart)
Buy Opportunity: If the price finds support at $225 - $226, look for a bounce. Confirmation would be RSI moving above 40 and MACD showing a bullish crossover.
Target: $230 - $232 (EMA 200 resistance)
Stop Loss: Below $225
Swing Trade (1D or 4H Chart)
If price breaks above EMA(200) at $230.11, it could lead to a bullish reversal.
Entry: Buy if the price breaks $230.50 with volume confirmation.
Target: $236 - $240
Stop Loss: Below $228 (EMA 33 support)
Shorting Opportunity
If the price fails to break $230, it could signal a rejection.
Rosseti North Caucasus Unplugs Illegal Crypto Miners: A Shocking Development
In a tale that could light up the darkest corners of the internet, Rosseti North Caucasus, the regional power company, has been playing a high-stakes game of hide and seek with some tech-savvy electricity enthusiasts. These aren't your typical high school science fair participants; they're clandestine cryptocurrency miners with a penchant for free power.
The Great Power Heist
In 2024, Rosseti's experts, teaming up with law enforcement, uncovered six instances where miners had taken the concept