The chart you provided shows the $FET /USDT pair on the Binance platform, currently trading at 1.344 USDT. The 24-hour change is +1.90%, with the high at 1.371 USDT and the low at 1.258 USDT. The 24-hour trading volume is 63.31 million for FET and 82.73 million for USDT. The chart shows a blue trendline indicating a bullish trend and a support/resistance zone around the 1.320 USDT level. The price is slightly below the trendline, suggesting a potential test of support.
📈 Market Conditions: The overall market sentiment is positive, with strong buying pressure pushing the price upward. The recent upward trend and high trading volume suggest continued bullish momentum, making this an attractive opportunity for traders.
📊 High Probability Trade Scenario: - Entry: 1.344 USDT - Take Profit (TP): 1.400 USDT - Stop Loss (SL): 1.300 USDT
📈 Market Outlook: The bullish momentum is likely to persist as the price tests higher resistance levels. Traders should monitor key levels and trading volume closely to confirm the trend's sustainability. The next few trading sessions will be crucial in determining the market direction.
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I think that the American central bank, the FED, may cut interest rates with an extraordinary meeting. What do you think will happen to crypto if something like that happens?
With the rise of Bitcoin, the popular artificial intelligence altcoin Fetch.AI (FET) is showing an upward move from the critical support level.
FET is trading at $1.63 and has the potential to rise to $2.5. On the other hand, if the downtrend continues, the price may drop below $1.50.
Fetch.AI's market performance has been remarkable, with the altcoin currently ranked 64th in the cryptocurrency market with a market cap of $1.378 billion. Despite this, FET has lost 22 percent in the last 30 days amid a broader market pullback. This decline was also reflected in the daily chart, where FET followed a retreat trend and formed a falling channel formation.
How to Make Money from Airdrops: These 10 Expert Wallet Transactions Could Be the Answer! 10 different wallets that have achieved great success in airdrop guide investors. The ZKsync airdrop, the results of which were recently announced, ended in disappointment for many investors. However, 10 cryptocurrency wallets attracted attention by managing to earn high profits from many important airdrops distributed so far. Data transmitted by the on-chain analysis platform Lookonchain revealed the transactions of successful airdrop investors. The data in question revealed that 10 successful investors gained maximum rights from the ZKsync airdrop distribution, and the same investors also made high purchases from the Optimism (#OP) and Arbitrum (#ARB) airdrop distribution. They got full marks from ZKsync Each of these wallets managed to receive the maximum amount of 100 thousand ZK from the ZKsync airdrop. However, they earned an average of 8 thousand ARB per wallet from the Arbitrum airdrop. Wallets achieved similar success for the Optimism airdrop and achieved high profits with the maximum reward of 17 thousand OP. Lookonchain emphasized that users who want to profit from airdrop should follow these 10 wallets closely.
BREAKING NEWS 🔥 US Inflation Data Announced! Good or Bad for Bitcoin (BTC)? US inflation data, which is closely monitored by the FED, has now been announced. As of today, the eyes of traditional financial markets and the cryptocurrency industry have turned to critical economic data from the USA. Recently, the US Consumer Price Index (CPI), which is the main element of the interest policy of the US Federal Reserve (FED), was announced. It is thought that the latest US economic data will be effective in Jerome Powell's speech in the evening. Here are the US inflation data announced recently: US Annual Consumer Price Index (CPI): Previous: 3.4% Expectation: 3.4% Announced: 3.3% US Monthly Consumer Price Index (CPI): Previous: 0.3% Expectation: 0.1% Explained: 0.0% US Annual Core Consumer Price Index (CPI): Previous: 3.6% Expectation: 3.5% Announced: 3.4% US Monthly Core Consumer Price Index (CPI): Previous: 0.3% Expectation: 0.3% Announced: 0.2% It seems that all US inflation data are below expectations. These latest data are considered positive for the leading cryptocurrency Bitcoin (BTC) and altcoins.
Popular altcoins#PEPEand#BONKare giving potential bullish signals despite the market decline. While PEPE rose 5.41 percent overnight, it could reach $0.000020 with technical indicators. BONK, on the other hand, can rise to $0.00003756 with the morning star formation and a 3 percent intraday jump.
The cryptocurrency market is currently facing significant volatility, which is further exacerbated ahead of US inflation data and the Federal Open Market Committee (FOMC) interest rate decision due today. Despite the downward trend, some altcoins such as Pepe (PEPE) and Bonk (BONK) stand out as potential catalysts for the market recovery. These altcoins have shown signs that the downtrend may give way to an uptrend, sparking optimism among investors.
Technical indicators also point to a bullish outlook for PEPE. The Moving Average Convergence Divergence (MACD) and signal lines are approaching a bullish crossover in positive territory. This technical outlook shows that the price of PEPE may rise and possibly reach all-time highs with the market-wide recovery following the FOMC meeting.
ATTENTION PLEASE !! THIS ARTICLE DOES NOT CONTAIN INVESTMENT ADVICE.
Please do not buy $IO before reading this. ⚠️Warning to Those Who Will Buy $IO Now ⚠️ Now let's discuss this for the sake of our new followers and friends. $IO is up over 6000% and is currently trading at $3.69 If you want to buy IO for the long term, this is not the best time to buy Remember, any project that provides over 6000% energy, 5000% 3000% %one thousand 500% 300% one hundred% 50% -10% If you buy now, what will be your fate when it drops to -10%? Right now everything is pumping and everyone is excited but soon whales and investors will start selling to get it back cheaper and by then you have already bought the top and are used to pumping their bags and exit liquidity. Give the market time to stabilize, let the pressure calm down a bit Believe us, investors and whales sell for huge profits just to buy it back cheaper If you buy now you may not be satisfied in the next 2-3 days Even if the market rises to $4, we should definitely see some dips and declines, so be careful Please be patient ⚡Not Financial Advice ⚡ Invest what you're willing to lose If you found this educational, entertaining, and helpful, please like this post, share it, and follow it to get notified when we post great content. Today we leave you a post about ongoing Airdrops that can make you a decent amount of money, see you there.
The most prominent Artificial Intelligence Coins in the market, #FET #OCEAN and #AGİX 13 will complete their merger processes in June. This merger is thought to have a strong impact in the field of artificial intelligence and is expected to have a positive impact on the price. This week, the declines in #BTC have made investing in these coins even more attractive, almost all of them are hovering at the lowest levels. I expect serious movements to occur in the next day or two.
THIS ARTICLE DOES NOT CONTAIN INVESTMENT ADVICE, IT IS TOTALLY PERSONAL OPINIONS!!