$SUI tested the support level and bounced back, as anticipated. The long position is now over 20% profitable since entry. You can move the stop loss to breakeven and hold onto the position. The price has reached the resistance area, and a break above $5.35 will likely continue the upward momentum.
$SHIB Seen retesting to support area if there is a sign of rejection potential to rise again 30m seen potential Double Top and trying to retest to Neckline/Support area 📣Shib is currently said to be waiting for BTC confirmation too, if BTC breaks support, Shib should also break and vice versa
Funding Rate: +0.0118% (positive funding rate, long positions earn slightly)
Recommendation: Long (Buy): If the price drops to around $0.67 - $0.68, consider entering a long position, aiming for a rebound toward the fair price or higher levels (around $0.80 - $0.82).
Short (Sell): If the price approaches the $0.82 resistance, consider entering a short position, with a target around $0.72 or lower.
Risk Management: Stop-Loss: For long positions, set stop-loss around $0.65 - $0.66.
Take-Profit: For long positions, aim for $0.80 - $0.82 as take-profit levels.
Long and Short Entry Strategy in $DEGO Enter Long: Long Entry Price: Around 1.80 - 1.82 if the price maintains this level or slightly tests the support near 1.80.
If the price remains stable around this area, then a long position can be opened with a target towards 1.90 - 1.95 (close to the 24-hour high).
Stop Loss: Below 1.75 if the price moves down.
Enter Short: Short Entry Price: If the price rises to around 1.85 - 1.90 and starts to show signs of reversal (for example, decreasing volume or the RSI indicator shows overbought), then a short position can be opened.
Short price target: 1.70 - 1.75 as the next support area.
Stop Loss: Above 1.95 if the price continues to rise.
Summary: Long Entry: Around 1.80 - 1.82, target 1.90 - 1.95.
Short Entry: Around 1.85 - 1.90, target 1.70 - 1.75.
A few days before the drop, around 14.27 million OM tokens (worth ~$91 million) were moved to the OKEx exchange by a group of whales who had previously purchased 84.15 million OM on Binance in late March. FXStreet
In addition, there was a deposit of 3.9 million OM to OKEx, raising concerns of a potential sell-off. Mitrade
One wallet connected to Binance sent over $36 million in OM to OKEx before the drop. Colitco.
🇺🇸 Trump raised tariffs on Chinese goods—first to 34%, then to 84%. 🇨🇳 China responded by increasing tariffs on U.S. products. 🇺🇸 Trump escalated again, hiking tariffs up to 145%. 🇨🇳 China hit back with even more tariffs.
🇺🇸 The Trump administration urged President Xi to get on a call. 🇨🇳 China didn’t respond. 🇺🇸 Trump then announced he was “ready to make a deal.” 🇨🇳 China still gave no response.
🇺🇸 Eventually, Trump rolled back tariffs on some sectors, fearing major negative effects on American tech companies.
BREAKING NEWS: U.S. Suspends Tariffs for 75 Countries, Increases Tariffs on China to 125%
In a significant move, the United States has announced a 90-day suspension of tariffs for 75 countries, applying a reduced tariff rate of 10%. This grace period will remain in effect unless these countries retaliate against U.S. trade policies. However, this announcement comes alongside a sharp increase in tariffs on China, with the U.S. imposing a staggering 125% tariff on Chinese imports, effective immediately.
This escalation in tariffs on China marks a dramatic shift in the ongoing trade conflict between the two economic giants. While other countries receive temporary relief, China faces further economic pressure, which is expected to intensify the already tense trade relations. The new tariffs on China will likely affect a wide range of goods, including technology, manufacturing, and agricultural products, potentially leading to higher costs for consumers and businesses globally.
The U.S. government’s move to reduce tariffs for other nations, while singling out China, could have significant implications for global trade dynamics. The suspension of tariffs for the 75 countries provides a short-term reprieve for international businesses, but the increased pressure on China signals a continued escalation in the trade war. Economists and market analysts will closely monitor how this develops, especially in sectors heavily reliant on Chinese imports or exports, and how it may affect global markets, including the cryptocurrency market, in the coming months. $BTC
On April 9, 2025, China announced an additional 84% tariff on U.S. goods in response to the U.S. government's protective trade policies. This new tariff will take effect on April 10, 2025, and will affect various products, including manufacturing and agricultural goods. This move is part of an ongoing trade dispute between the two largest economies in the world, and it is expected to have broad implications for global markets.
The impact of this tariff on the cryptocurrency market could be significant. Trade tensions often create economic uncertainty, which tends to drive investors towards alternative assets like Bitcoin and other cryptocurrencies. In times of economic instability, cryptocurrencies are often seen as a safer store of value compared to traditional markets, which could experience volatility due to new trade policies. As global stock markets may face pressure from the new tariffs, more investors might turn to cryptocurrencies as a hedge against potential losses.
Moreover, China’s significant role in the global cryptocurrency industry could amplify the effects of these trade tensions. China is a major player in crypto mining and blockchain development, and if the trade conflict worsens, the Chinese government could impose stricter regulations or even shutdown mining operations. This would disrupt global mining activities, affecting supply and demand in the crypto market and potentially causing further price fluctuations. Therefore, the ongoing trade dispute between the U.S. and China could lead to increased volatility in the cryptocurrency market and create more uncertainty for investors worldwide.$BTC
Ethereum's $ETH price has experienced a significant decline recently. As of now, ETH is trading at approximately $1,484.65, reflecting a 3.99% decrease from the previous close.
Several factors contribute to this downturn:
Increased Competition from Layer-2 Solutions: Ethereum faces growing competition from Layer-2 networks like Coinbase's Base, which offer lower transaction fees and are diverting activity away from Ethereum's mainnet. This shift is impacting Ethereum's transaction volume and revenue.
Standard Chartered's Revised Price Forecast: Standard Chartered has reduced its 2025 Ethereum price target by 60%, citing concerns over increased competition and declining revenue. The bank now anticipates Ethereum reaching only $4,000 by the end of the year.
Macroeconomic Factors: Global economic tensions, such as trade policies and potential recessions, are affecting investor sentiment across markets, including cryptocurrencies. These macroeconomic challenges contribute to the bearish outlook for Ethereum.
These elements, combined with broader market dynamics, are influencing Ethereum's current market performance.
There is currently 1 reason why ETH is difficult to rise. Since the eth system switched from proof-of-work to proof-of-stake, ETH's golden age can be said to be over. The last 1 year ETH has experienced inflationary, where the tokens that are minted/printed are not comparable to the number of tokens that are burned. So that the total supply in circulation continues to increase.
in this cycle, for the first time ETH has not been able to print a new all-time high, even on the current chart it has dropped significantly, I think returning to $1000 is not impossible. Even if it gets there I am not sure if ETH will be able to reach a new ATH again.
However, there is 1 thing to look forward to, namely the hard fork pectra upgrade which will be completed soon. we'll just have to see how big the impact will be later. $ETH
As Token 2049 approaches, be cautious with sponsors! Many haven’t been thoroughly vetted, so don’t assume they’re credible just because they’re a major sponsor.