The NFT market has revived: sales have grown by 37% in a week, reaching $144.8 million. Immutable took first place with $41.7 million, taking over Ethereum.
The number of buyers has grown by 50%. The Guild of Guardians Heroes collection ($24.7 million) is at the top.
1. *Support Level*: $0.6174, which could be a potential buying opportunity. 2. *Resistance Level*: $0.7315, which could be a potential selling opportunity. 3. *Trend*: The chart shows a downward trend, with the price below both EMAs.
Trading Strategies:
1. *Buy*: Consider buying near the support level of $0.6174, with a target price of $0.6550 (EMA(20). 2. *Sell*: Consider selling near the resistance level of $0.7315, with a target price of $0.6174 (support level). 3. *Hold*: If you're already holding ADA, consider holding until the price reaches the resistance level or shows signs of reversal.
Please note that these insights and trading points are based on a limited analysis and should not be considered as investment advice. Always do your own research and consider multiple sources before making trading decisions.
FIFA President Gianni Infantino has announced that the organization is considering launching its own token to reach 5 billion football fans worldwide.
The idea was discussed at the White House Crypto Summit, where Donald Trump showed his support and joked that “the FIFA coin could end up being worth more than FIFA itself.”
Will football soon be played on the blockchain? ⚽️🚀 Which Blockchain will it get launched?
Elon Musk stated that X (Twitter) was the victim of a massive cyber attack.
The platform is struggling with technical problems, users around the world are reporting feed loading issues, message delays and difficulties logging in.
Musk has not yet released any details, but assured that the X team is already working on a solution.
👉 As you know, the United States now has a strategic reserve in Bitcoin.
But despite the announcement and then the implementation of this reserve, the Bitcoin price is still in correction.
📊 Bitcoin will have to hold on to $83,000, i.e. the 200-day moving average (blue). As you can see on the graph, during the last cycle, the loss of this level gave rise to a bear market.
🔍 The price may fall below the moving average (as in 2023 and 2024), but in this case, buyers will have to react.
Otherwise, the price could continue to fall. Be careful for manipulating in this zone.
😏 Is the market still falling? Or is it getting ready to take off?
While the price is still falling and most of them are panicking seeing the market conditions. However, the big institution and experienced players are accumulating and buying the dip.
😎 The question is, are you ready to buy while others are dumping? Are you with the bulls? COMMENTS Below
The graph shows the Bitcoin price with the realized price of short-term holders (orange curve).
📊 We can see that since 2023, there have been several falls of Bitcoin below the orange curve. Newcomers (those who acquired BTC less than 155 days ago) tend to capitulate when the price falls below their average purchase prices!
🔍 With the drop below $90,000, the price falls again below the orange curve. Bitcoin could once again make newcomers capitulate before rebounding beyond $100,000.
Be careful, historically, it is not positive to see the price settle below the realized price of short-term holders.
The Bitcoin price has fallen by more than 20% since the top which was reached on January 20.
🔍 In result, Bitcoin fell below $1,00,000, and yesterday, sellers managed to push the price below $85,000.
Is the bull run over?
💸 The MVRV Z-Score is an on-chain indicator that lets you know if the BTC price is overvalued (red zone) or undervalued (green zone). Until today, all BTC cycles have ended in the red zone.
The indicator continues to move upwards, and much far away from the red zone. According to this indicator, the bull run is not yet over and Bitcoin could go even higher than $109,000!
The Terminal Price (red curve) is an on-chain indicator that is calculated using several metrics:
👉The Coin Days Destroyed (CDD) which measures the economic activity of BITCOIN.
👉 The current supply in BTC and the circulation time of these BTC
👉 The maximum supply of BTC is only 21 million.
🔍 What particularly interesting is that Bitcoin has historically recorded market tops when it hit the Terminal Price. This is what we have noticed since 2012.
The list shows some of the largest crypto exchange hacks in history, ranked by the value of funds lost.
Cybersecurity remains a top priority for exchanges and investors alike. Always use secure wallets and follow best practices to protect your assets. Be safe