Luckyluke
SAHARA Holder
High-Frequency Trader
7.6 Years
Plan + waiting Trigger = Profit
32 Following
4.9K+ Followers
1.2K+ Liked
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Top peak chasing #USUAL
Launching at the end of 2024, taking advantage of the FOMO wave when Trump wins the presidential election, Usual quickly goes x10 in about 1 month. Attracting a lot of attention. The 61st lauchpool project of Binance is highly anticipated.
Passing through 2015, all buy orders were just for liquidity. Usual dropped straight for 6 months, dividing 30 times from the peak. If you invest $3000 at the peak, you will have $100 left now.
Too harsh for a project that was heavily shilled with the stablecoin and RWA trend.
#Write2Earn
Accumulating in the price range: 0.06 - 0.07
Target: 0.09 - 0.12
$USUAL
Launching at the end of 2024, taking advantage of the FOMO wave when Trump wins the presidential election, Usual quickly goes x10 in about 1 month. Attracting a lot of attention. The 61st lauchpool project of Binance is highly anticipated.
Passing through 2015, all buy orders were just for liquidity. Usual dropped straight for 6 months, dividing 30 times from the peak. If you invest $3000 at the peak, you will have $100 left now.
Too harsh for a project that was heavily shilled with the stablecoin and RWA trend.
#Write2Earn
Accumulating in the price range: 0.06 - 0.07
Target: 0.09 - 0.12
$USUAL
See original
The whale awakens! BTC price stagnates
An inactive address containing 10,000 #BTC (worth 1,092,973,486 USD) has just been activated after 14.3 years (worth 7,793 USD in 2011)
They must have just found the keys
$BTC
An inactive address containing 10,000 #BTC (worth 1,092,973,486 USD) has just been activated after 14.3 years (worth 7,793 USD in 2011)
They must have just found the keys
$BTC
See original
Tether to print more money
Add 1 billion USDT on the Ethereum network
Where is the money flowing?
Add 1 billion USDT on the Ethereum network
Where is the money flowing?
See original
The Trump Family 'Makes' 620 Million USD from Crypto: The Billion-Dollar Empire at the White House
In just the first few months of the term, crypto activities backed by President Trump and his family have brought in at least 620 million USD, accounting for nearly 10% of his total net worth. This figure indicates the significant financial interest of the Trump family in the cryptocurrency industry.
According to Bloomberg, Trump's net worth has increased to approximately 6.4 billion USD, with digital assets making up about 9% of his personal investment portfolio.
Main Source of Profit: WLFI and Memecoin TRUMP
World Liberty Financial (WLFI), a DeFi project controlled by the Trump family with a 60% stake, is the focal point for profit generation. They receive 75% of revenue from token sales. Recently, the Trump family earned 390 million USD from a token sale worth 550 million USD and currently holds more than 2 billion USD in WLFI value.
WLFI also issued the stablecoin USD1. The company MGX in Abu Dhabi used USD1 to invest 2 billion USD in Binance, potentially generating 100 million USD in profit for WLFI. Justin Sun's purchase of 30 million USD in WLFI and his appointment to the advisory board has raised questions about conflicting interests. WLFI currently holds over 181 million USD in crypto assets on Ethereum.
...
$TRUMP
#Write2Earn
#Write2Earn!
In just the first few months of the term, crypto activities backed by President Trump and his family have brought in at least 620 million USD, accounting for nearly 10% of his total net worth. This figure indicates the significant financial interest of the Trump family in the cryptocurrency industry.
According to Bloomberg, Trump's net worth has increased to approximately 6.4 billion USD, with digital assets making up about 9% of his personal investment portfolio.
Main Source of Profit: WLFI and Memecoin TRUMP
World Liberty Financial (WLFI), a DeFi project controlled by the Trump family with a 60% stake, is the focal point for profit generation. They receive 75% of revenue from token sales. Recently, the Trump family earned 390 million USD from a token sale worth 550 million USD and currently holds more than 2 billion USD in WLFI value.
WLFI also issued the stablecoin USD1. The company MGX in Abu Dhabi used USD1 to invest 2 billion USD in Binance, potentially generating 100 million USD in profit for WLFI. Justin Sun's purchase of 30 million USD in WLFI and his appointment to the advisory board has raised questions about conflicting interests. WLFI currently holds over 181 million USD in crypto assets on Ethereum.
...
$TRUMP
#Write2Earn
#Write2Earn!
See original
What signs does the up wave #altsesaon show?
- Pump and dump old stocks, create liquidity, stimulate old holders to pay attention.
- Dump new stocks, forcing new investors to sell their holdings.
- Clean up small-cap stocks on CEX, and start the show.
In the previous cycle, they were good at this trick #DWF . Clean up stocks on Binance, Bybit... consolidate everything on Upbit to push prices up, creating a price difference between futures and spot to force funding, shorts will also burn before dawn, while longs are afraid to enter because they fear a rug pull at any moment.
$PORTAL
- Pump and dump old stocks, create liquidity, stimulate old holders to pay attention.
- Dump new stocks, forcing new investors to sell their holdings.
- Clean up small-cap stocks on CEX, and start the show.
In the previous cycle, they were good at this trick #DWF . Clean up stocks on Binance, Bybit... consolidate everything on Upbit to push prices up, creating a price difference between futures and spot to force funding, shorts will also burn before dawn, while longs are afraid to enter because they fear a rug pull at any moment.
$PORTAL
So what now?
$PORTAL today at the peak
$LAYER is still probing the bottom
$PORTAL today at the peak
$LAYER is still probing the bottom
See original
Not just the#memestuff like the previous rounds, in this cycle, many famous technology projects also run in a very rude #pumpanddump style.
The project is stable, the team runs actively but the price slowly decreases, divided by 5, divided by 10 until the holders get bored and give up. Then boom x2 x3, the holders are just a little excited but then dump back to the old price :))
And then the holders hesitate, worry, from diamondhand to weakhand, accept to cut losses and then...
no more after that...
Congratulations to those who are new to the market, your position is several times better than those who came early
#Binance8thAnniversary This account was also opened when CZ first opened the floor, waited for 10 years then closed :))$XRP $BNB
The project is stable, the team runs actively but the price slowly decreases, divided by 5, divided by 10 until the holders get bored and give up. Then boom x2 x3, the holders are just a little excited but then dump back to the old price :))
And then the holders hesitate, worry, from diamondhand to weakhand, accept to cut losses and then...
no more after that...
Congratulations to those who are new to the market, your position is several times better than those who came early
#Binance8thAnniversary This account was also opened when CZ first opened the floor, waited for 10 years then closed :))$XRP $BNB
See original
There will be ups and downs
Where there are downs, there will be ups
To understand where to go up or down, one needs to learn some knowledge, accumulate some experience, and refine some patience.
It's been a few months since I've limited using leverage because the market is too difficult to play; just dipping into leverage can ruin everything.
Now, restarting to play a bit with a capital of 2$ , after 2 days it has already increased by $20, it's really surreal. Let's challenge ourselves from 2$ to 2k $ for the thrill.
Where there are downs, there will be ups
To understand where to go up or down, one needs to learn some knowledge, accumulate some experience, and refine some patience.
It's been a few months since I've limited using leverage because the market is too difficult to play; just dipping into leverage can ruin everything.
Now, restarting to play a bit with a capital of 2$ , after 2 days it has already increased by $20, it's really surreal. Let's challenge ourselves from 2$ to 2k $ for the thrill.
S
HFTUSDT
Perp
Closed
PNL
+273.34%
#BinanceTurns8 Join us in the #BinanceTurns8 celebration and win a share of up to $888,888 in BNB! https://www.binance.com/activity/binance-turns-8?ref=GRO_19600_68DCO
See original
Agreements will generally be fine -> Fed lowers interest rates -> pump..
"I am extremely honored to announce that I have just reached a Trade Agreement with the Socialist Republic of Vietnam after talking with Mr. To Lam, the General Secretary of the Communist Party of Vietnam – a highly regarded leader. This will be a Wonderful Cooperation Agreement between our two countries. According to the agreed terms, Vietnam will impose a 20% tax on all goods exported to the territory of the United States and a 40% tax on all forms of transshipment. In return, Vietnam will implement an unprecedented measure: granting the United States FULL ACCESS to their trade market. In other words, they will 'OPEN THE MARKET TO THE UNITED STATES,' meaning we will be able to sell our products in Vietnam at a ZERO TAX RATE. In my view, the SUV line – also known as Large Engine Vehicles – which has been very successful in the United States, would be a great addition to the product lines in Vietnam. Working directly with General Secretary To Lam is an absolute honor for me. Thank you for your interest in this matter!"
"I am extremely honored to announce that I have just reached a Trade Agreement with the Socialist Republic of Vietnam after talking with Mr. To Lam, the General Secretary of the Communist Party of Vietnam – a highly regarded leader. This will be a Wonderful Cooperation Agreement between our two countries. According to the agreed terms, Vietnam will impose a 20% tax on all goods exported to the territory of the United States and a 40% tax on all forms of transshipment. In return, Vietnam will implement an unprecedented measure: granting the United States FULL ACCESS to their trade market. In other words, they will 'OPEN THE MARKET TO THE UNITED STATES,' meaning we will be able to sell our products in Vietnam at a ZERO TAX RATE. In my view, the SUV line – also known as Large Engine Vehicles – which has been very successful in the United States, would be a great addition to the product lines in Vietnam. Working directly with General Secretary To Lam is an absolute honor for me. Thank you for your interest in this matter!"
See original
Replace a glass of iced tea with a cup of coffee.
Replace a cup of coffee with a crate of beer.
But every time a crate of beer is brought out, the plate of snacks disappears.
In the end, only the holder wins.
But it's holding at the bottom, not holding at the peak, that's exhausting.
Replace a cup of coffee with a crate of beer.
But every time a crate of beer is brought out, the plate of snacks disappears.
In the end, only the holder wins.
But it's holding at the bottom, not holding at the peak, that's exhausting.
B
BTCUSDT
Perp
Closed
PNL
+2.75USDT
See original
Altseason is very close
1 big signal like the Fed lowering interest rates will be a strong catalyst to enter an uptrend
1 big signal like the Fed lowering interest rates will be a strong catalyst to enter an uptrend
See original
So what now?
$PORTAL today at the peak
$LAYER is still probing the bottom
$PORTAL today at the peak
$LAYER is still probing the bottom
Will there be a chance to recover?
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
See original
The buyback strategy of group $MOVE seems fine, activating FOMO.
Maybe the Trump fund is starting to push that.
Maybe the Trump fund is starting to push that.
Is MOVE going to revive?
Once a hot asset chosen by the #Trump Family, very popular in late 2024, but then ... divided by 10
The price of Movement (MOVE) surged by 18.2% in the past 24 hours thanks to:
- MOVE has surpassed the important resistance level at $0.17, ending a prolonged downtrend.
- Major investors have been accumulating during price corrections, with 18 million tokens repurchased by the Movement Network Foundation.
Detailed Analysis
1. Key driving factors
The listing on Niza Exchange (June 24) has helped Movement increase its visibility and liquidity, while trading volume surged by 469% to $206.5 million (Phemex News). Previously, the Movement Network Foundation repurchased 18 million tokens, reducing selling pressure and demonstrating confidence in price stability.
2. Technical context
Breakout: MOVE has regained the support zone from $0.13 to $0.137 and broke through the downtrend line from the peak of March 2025, triggering automatic buy orders (CoinMarketCap). Momentum: The MACD indicator turned positive (+0.00576), and the 7-day RSI reached 69.01, indicating room for growth before entering the overbought zone. Trading volume: Increased by 122% in 24 hours to $420.6 million, confirming the bullish trend.
3. Market dynamics
Despite Bitcoin's dominance rising to 64.76%, altcoins like MOVE still benefit from the capital flow shift to high-volatility tokens (high-beta). The overall cryptocurrency market increased by 1.2% in the past 24 hours, creating favorable conditions, but the 18% increase of $MOVE significantly outperformed, reflecting the unique factors of the project.
Continuing the series of the most overhyped projects!
Once a hot asset chosen by the #Trump Family, very popular in late 2024, but then ... divided by 10
The price of Movement (MOVE) surged by 18.2% in the past 24 hours thanks to:
- MOVE has surpassed the important resistance level at $0.17, ending a prolonged downtrend.
- Major investors have been accumulating during price corrections, with 18 million tokens repurchased by the Movement Network Foundation.
Detailed Analysis
1. Key driving factors
The listing on Niza Exchange (June 24) has helped Movement increase its visibility and liquidity, while trading volume surged by 469% to $206.5 million (Phemex News). Previously, the Movement Network Foundation repurchased 18 million tokens, reducing selling pressure and demonstrating confidence in price stability.
2. Technical context
Breakout: MOVE has regained the support zone from $0.13 to $0.137 and broke through the downtrend line from the peak of March 2025, triggering automatic buy orders (CoinMarketCap). Momentum: The MACD indicator turned positive (+0.00576), and the 7-day RSI reached 69.01, indicating room for growth before entering the overbought zone. Trading volume: Increased by 122% in 24 hours to $420.6 million, confirming the bullish trend.
3. Market dynamics
Despite Bitcoin's dominance rising to 64.76%, altcoins like MOVE still benefit from the capital flow shift to high-volatility tokens (high-beta). The overall cryptocurrency market increased by 1.2% in the past 24 hours, creating favorable conditions, but the 18% increase of $MOVE significantly outperformed, reflecting the unique factors of the project.
Continuing the series of the most overhyped projects!
See original
Top projects with the most people climbing - LAYER
Since after Tet, $LAYER ranks number 2, no one dares to climb to number 1.
Despite the market cooling down, dividing by 5 and 7, Layer still steadily steps up 10 times amidst skepticism. And then one fine day, after creating 2 gently diverging peaks, the price falls freely and is now in the price range divided by 5 compared to the peak, pulling many brothers to try catching the falling knife in the middle of the road. The result is a Christmas tree sprouting in the blazing summer.
#Can Layer regain its former glory?
- In terms of technicals: The indicators are oversold, bouncing off the bottom, recovering according to the general trend.
- In terms of the project: There are important technical updates, promising.
- In terms of marketing: Binance is supporting various campaigns to boost.
As for the peak, it’s quite difficult because the FDV is still high, around 700m, and the unlocking schedule is regular just like other new projects. The goal of doubling or +50% seems more feasible under stable market conditions, without adverse news impacting such as politics, war....
#Write2Earn
Since after Tet, $LAYER ranks number 2, no one dares to climb to number 1.
Despite the market cooling down, dividing by 5 and 7, Layer still steadily steps up 10 times amidst skepticism. And then one fine day, after creating 2 gently diverging peaks, the price falls freely and is now in the price range divided by 5 compared to the peak, pulling many brothers to try catching the falling knife in the middle of the road. The result is a Christmas tree sprouting in the blazing summer.
#Can Layer regain its former glory?
- In terms of technicals: The indicators are oversold, bouncing off the bottom, recovering according to the general trend.
- In terms of the project: There are important technical updates, promising.
- In terms of marketing: Binance is supporting various campaigns to boost.
As for the peak, it’s quite difficult because the FDV is still high, around 700m, and the unlocking schedule is regular just like other new projects. The goal of doubling or +50% seems more feasible under stable market conditions, without adverse news impacting such as politics, war....
#Write2Earn
See original
Is MOVE going to revive?
Once a hot asset chosen by the #Trump Family, very popular in late 2024, but then ... divided by 10
The price of Movement (MOVE) surged by 18.2% in the past 24 hours thanks to:
- MOVE has surpassed the important resistance level at $0.17, ending a prolonged downtrend.
- Major investors have been accumulating during price corrections, with 18 million tokens repurchased by the Movement Network Foundation.
Detailed Analysis
1. Key driving factors
The listing on Niza Exchange (June 24) has helped Movement increase its visibility and liquidity, while trading volume surged by 469% to $206.5 million (Phemex News). Previously, the Movement Network Foundation repurchased 18 million tokens, reducing selling pressure and demonstrating confidence in price stability.
2. Technical context
Breakout: MOVE has regained the support zone from $0.13 to $0.137 and broke through the downtrend line from the peak of March 2025, triggering automatic buy orders (CoinMarketCap). Momentum: The MACD indicator turned positive (+0.00576), and the 7-day RSI reached 69.01, indicating room for growth before entering the overbought zone. Trading volume: Increased by 122% in 24 hours to $420.6 million, confirming the bullish trend.
3. Market dynamics
Despite Bitcoin's dominance rising to 64.76%, altcoins like MOVE still benefit from the capital flow shift to high-volatility tokens (high-beta). The overall cryptocurrency market increased by 1.2% in the past 24 hours, creating favorable conditions, but the 18% increase of $MOVE significantly outperformed, reflecting the unique factors of the project.
Continuing the series of the most overhyped projects!
Once a hot asset chosen by the #Trump Family, very popular in late 2024, but then ... divided by 10
The price of Movement (MOVE) surged by 18.2% in the past 24 hours thanks to:
- MOVE has surpassed the important resistance level at $0.17, ending a prolonged downtrend.
- Major investors have been accumulating during price corrections, with 18 million tokens repurchased by the Movement Network Foundation.
Detailed Analysis
1. Key driving factors
The listing on Niza Exchange (June 24) has helped Movement increase its visibility and liquidity, while trading volume surged by 469% to $206.5 million (Phemex News). Previously, the Movement Network Foundation repurchased 18 million tokens, reducing selling pressure and demonstrating confidence in price stability.
2. Technical context
Breakout: MOVE has regained the support zone from $0.13 to $0.137 and broke through the downtrend line from the peak of March 2025, triggering automatic buy orders (CoinMarketCap). Momentum: The MACD indicator turned positive (+0.00576), and the 7-day RSI reached 69.01, indicating room for growth before entering the overbought zone. Trading volume: Increased by 122% in 24 hours to $420.6 million, confirming the bullish trend.
3. Market dynamics
Despite Bitcoin's dominance rising to 64.76%, altcoins like MOVE still benefit from the capital flow shift to high-volatility tokens (high-beta). The overall cryptocurrency market increased by 1.2% in the past 24 hours, creating favorable conditions, but the 18% increase of $MOVE significantly outperformed, reflecting the unique factors of the project.
Continuing the series of the most overhyped projects!
See original
This type of goods only needs one ridiculous piece of news to shoot straight up x3 x5, activating everyone to FOMO in and DCA right away.
Will there be a chance to recover?
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
See original
Will there be a chance to recover?
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
57711632421
Portal (PORTAL) from the technology star with a market cap of 400 million is now at risk of delisting with a market cap below 20 million.
Binance reduced the collateral ratio of PORTAL from 20% to 10% on May 30, putting pressure on leveraged positions. The RSI index is oversold (36.68) and has not triggered a recovery amid a weak altcoin market. The trading price is below key moving averages (50-day EMA: $0.0512, 200-day EMA: $0.131), reinforcing the downtrend.
Detailed analysis
1. Main reason: Adjustment of the collateral ratio on Binance
Binance has reduced the collateral ratio of PORTAL in the Portfolio Margin mode twice in May (Binance):
- On May 16: from 35% to 20%
- On May 30: from 20% to 10%
This forces traders to add more collateral or close positions, increasing selling pressure. A low collateral ratio often indicates a declining confidence in the stability of the asset.
2. Technical context
The 14-day RSI is at 36.68 (neutral zone), indicating no strong buying force despite the price being in the oversold area. The MACD chart has turned slightly positive (+0.000648) but is still below zero (-0.00629), indicating weak bullish momentum. The price struggles to maintain above the pivot point of $0.0339, with the next support at the May low of $0.027.
3. Market momentum
Bitcoin's dominance ratio has increased to 64.73% (up 0.76% in the week), causing capital to shift away from altcoins like PORTAL. CoinMarketCap's Altcoin Season Index is at 17/100, in the 'Bitcoin Season' zone, reducing liquidity for smaller market cap coins.
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