1MoneyMind

The cryptocurrency market experienced a sharp decline yesterday, mainly due to several combined factors:
* Changes in interest rate expectations: Recent inflation data raised concerns about the delay or reduction in the pace of interest rate cuts by central banks, negatively impacting risk appetite in the market.
* Outflows from Bitcoin ETF funds: Bitcoin exchange-traded funds saw significant outflows, with investors pulling money from these funds.

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Currencies:
$BTC
$ETH
$SOL
Prepare well for what may be the craziest price change season in cryptocurrency history. Remember: What rises sharply, falls sharply. Based on my experience studying market cycles since 2013, here is the precise guide to not just survive, but to come out victorious.
The ultimate stay map:

Markets today experienced a sense of anticipation and caution, with a tendency to decline, in anticipation of the speech by US Federal Reserve Chair Jerome Powell. Investors were concerned that Powell might adopt a hawkish tone regarding interest rate hikes.
However, the surprise was in the nature of the speech, which generally focused on banking regulation, without mentioning changes in monetary policy.

Fiery political news 🔥 shakes the market!
$DOGE

📰 📣 Breaking news from Fox News:
Hours before her anticipated speech, US Representative Anna Paulina Luna refers Federal Reserve Chair Jerome Powell for criminal accountability!
⚠️ This shocking news led to:
📉 Dollar index declined by -0.60%
📈 Gold surge above $3400
💥 And a noticeable rise in cryptocurrencies led by <t-49/><t-50/>#DOGE

**Price Forecast for DOT (Polkadot) for the upcoming period:**
* **Targets:**
* 4.50 USD
* 6.00 USD
* 8.00 USD
* 13.90 USD
* **Stop Loss:** 3.69 USD
**Price Analysis:**
* **Critical Support Point:** Breaking the level of 3.69 USD is considered a negative signal.
* **Positive Scenario:** If DOT maintains a price above 4.30 USD, this may open the door to achieve the aforementioned targets, with the potential to reach 6.00 - 8.00 USD in 2026 and 13.90 USD by the end of 2025.

🚨Ethereum has fallen below $3,500, currently trading around $3,497.28, a 1.87% decrease today.
**Key Points:**
* **ETH Price Dip:** Ethereum ($ETH )
has fallen below the $3,500 mark for the first time in a while.
* **Current Price:** Currently trading at $3,497.28, down 1.87% from the start of the day.
* **Market Impact:** This price movement could signal a broader market correction in the cryptocurrency market.
**What Does This Mean?**
According to recent data from OKX, as of July 19, 2024, Ethereum's price has dropped below $3,500, currently at $3,497.28. This represents a 1.87% decrease in the last 24 hours. The $3,500 level is considered a significant support level in cryptocurrency technical analysis.
This drop below $3,500 may indicate a short-term market correction, potentially prompting traders to re-evaluate risk management and asset allocation strategies.
This also suggests the market is entering a potential trend retest phase, highlighting the importance of technical analysis in predicting ETH's next move.
**Quote:**
"The decline in ETH's price reflects the volatility of the cryptocurrency market, influenced by both economic and technical factors." - Anna Baker, Chief Market Analyst, Crypto Insights, July 2024.
**Possible Causes:**
The price drop in ETH may be attributed to overall volatility within the cryptocurrency market.
#Ethereum #CryptoMarket4T #ETH #ETHBreakout3.5k

After a struggle, Ethereum ($ETH )
has managed to break the important resistance level of $2,800, supported by strong buyers. It is currently trading above $3,280, its highest price since last February. This puts it about 10% away from breaking a four-year price barrier and away from its all-time high of $4,891, set in 2021.
**Bullish Outlook:**
With a bullish technical pattern forming and trading volume increasing to over $40 billion, Ethereum is expected to surpass $3,500 before the end of this week and may reclaim $4,000 sooner than expected.
**Outperformance:**
This breakout indicates strong performance for Ethereum, outperforming the overall market, based on key indicators.
$ETH
#Ethereum

After a struggle, Ethereum ( $ETH ) managed to
After breaking through the important resistance level of $2,800, supported strongly by buyers. Currently, it is trading above $3,280, which is its highest price since last February. This puts it about 10% away from breaking a price barrier that has lasted for four years, and it is far from its all-time high of $4,891 recorded in 2021.

**Potential targets for $XRP
In case of a breakout
If XRP manages to break through the resistance area at $3.27 - $3.30, there are several potential targets traders should consider.

* **First target: $3.50** The $3.50 level is considered a potential first target in the event of a successful breakout from the current resistance area. This level represents a historical resistance point, so it is likely to experience some selling pressure.

**Identifying Support and Resistance Levels: The Key to Smart Trading**$XRP

Support and resistance levels are essential tools in technical analysis. The support level is the price at which buyers tend to intervene, preventing the price from declining further. On the other hand, the resistance level is the price at which sellers tend to intervene, preventing the price from rising further. Identifying these levels helps traders determine potential entry and exit points and manage risks effectively.

**Technical Analysis of XRP$XRP
(4-Hour Chart)**
**Introduction: Overview of XRP Performance**

In the ever-changing world of cryptocurrencies, analyzing the performance of coins remains crucial for both investors and traders. XRP, also known as Ripple, is one of the most traded and recognized digital currencies in the market. This article provides an in-depth technical analysis of the four-hour chart for XRP, aiming to equip readers with a clear understanding of current market trends, key support and resistance levels, and potential future forecasts.