Recently, apart from the Hawks #EGL1, I haven't made any money on the BSC chain. What meme coins are you buying that are profitable? Can you send them to me? I'm willing to take over; I'm not afraid of high prices, just afraid of bad coins.
Some people are shorting BCH, is your logic for shorting based on software? First, BCH is currently in a major upward trend on the monthly chart, unstoppable. Second, the main forces behind BCH have been in a state of accumulation for the past 1-2 years, especially in the last 2 months. The main forces that chose SOL have already finished their run, or those uncertain ETH main forces can also be considered, or shorting some altcoins where the main forces have been offloading is also fine. Why must you short a strong coin that has been consolidating since 2017? Just look at XRP, which has been consolidating since 2018 and could soar in the second half of 2024. What if BCH is the next XRP? You could lose everything on any leveraged contracts.
Guotai Junan International Officially Approved to Provide Cryptocurrency and Other Virtual Asset Trading Services
On June 24, Cathay Financial Holdings Group's subsidiary, Guotai Junan International Holdings Limited, officially received approval from the Hong Kong Securities and Futures Commission to upgrade its existing securities trading license to provide virtual asset trading services and to offer advice based on the provision of virtual asset trading services. After the license upgrade, customers will be able to directly trade cryptocurrencies (such as Bitcoin, Ethereum, etc.), stablecoins (such as Tether, etc.), and other virtual assets on the Guotai Junan International platform. Thus, Guotai Junan International has become the first Hong Kong-based Chinese brokerage to provide comprehensive virtual asset-related trading services, covering the provision of virtual asset trading services, offering advice during the virtual asset trading service process, as well as issuing and distributing virtual asset-related products, including over-the-counter derivatives.
Will Dogecoin's price drop continue? Historical data shows when it hits bottom
Dogecoin has been under pressure in recent days, with the price plummeting more than 35% in the past month to a local new low of $0.14. Although there have been intermittent rebounds in Dogecoin's price, the trend remains relatively weak, and it is currently retesting the long-term trend line since its historical peak in 2021. There is speculation about how long this pullback will last and when the next major reversal will begin. A technical forecast from a cryptocurrency analyst indicates that Dogecoin is still expected to reach new highs in August. Estimating Dogecoin's peak formation Cryptocurrency analyst Javier posted on social media platform X, showcasing the repetitive pattern of how long it typically takes for Dogecoin to form bottoms and tops, drawing attention to Dogecoin's past performance during major bull market cycles. According to the charts and notes shared by this analyst, historical bottoms typically form within 112 to 133 days, averaging around 122 days.
ETH just perfectly retraced to 2440. The take-profit range given yesterday was 2396-2444. 2440-2380 is the dividing line between bulls and bears; the starting point for the rise to 4k in the previous year and the year before was at this position. Once stabilized here, the market will likely attack 2660-2880 again. Similarly, it rose too much yesterday, so today it shouldn't be chased. Waiting for a more stable entry around 2316-2284 would be better.
Pi Network's weekly losses widen to 15% – What’s next for PI?
Pi Network's long-term downtrend has persisted for a week, with its token value dropping nearly 16% against the backdrop of an overall market slump. As macro uncertainties increase, and the daily token unlocks from the Pi plan continue to weigh heavily on market sentiment, the downward pressure appears far from over. PI has broken below a critical threshold, with sellers in control. Since reaching an all-time high of $3 on February 25, PI has recorded continuous weekly declines, with no significant demand inflow to halt the slide. On the daily chart, the Moving Average Convergence Divergence (MACD) indicator reading for the token reflects a deepening bearish momentum. As of the time of writing, PI's MACD line (blue) is below the signal line (orange).
Analysts predict that as the WXY correction completes, the Dogecoin price will reach $1.9
The latest Dogecoin price prediction indicates that this top-ranked meme coin may be poised for a significant breakout above the target level of $1.9. As this bullish prediction is released, the complex WXY corrective pattern on the Dogecoin chart has completed, signaling that its current consolidation phase and downtrend may soon end. Dogecoin price is about to rise to $1.9 TradingView cryptocurrency market analyst HodlAhmad predicts that Dogecoin will experience significant positive news, forecasting that the meme coin will eventually break through the $1 barrier and could rise to $1.99 in the coming months. Given that Dogecoin is currently priced at $0.17, this prediction would imply a strong increase of 1,071%.
PNUT triggers daily oversold. Bullish signals are beginning to emerge, but the price has not yet broken through key levels. The range of 0.19 to 0.20 is worth paying close attention to, as it is both a bear profit-taking point and a potential entry zone for bulls.
Bearing the title of 'Mr. Too Late', Powell has held steady for the fourth consecutive time. The dot plot still suggests two rate cuts this year, with the market focusing on the action window in September, as reported by Jin Ten Data.
Old Powell predictably held steady, while Trump predictably continued to criticize Old Powell as Mr. Too Late.
BTC is predictably showing no volatility; what could possibly move BTC now? The apocalypse?
Pi Network Price Prediction: After a 11% Drop, Token Price Expected to Fall to $0.40
As important market indicators turn bearish and large-scale token unlocks are imminent, Pi Network is under pressure again. In the past 24 hours, the token has dropped over 3%, trading at $0.5605, with technical charts showing a neutral to bearish trend. Bearish trend continues RSI and stochastic indicators remain neutral and show no strong momentum. Despite appearing under pressure, there are signs that it may be attempting to hold its ground. Since May 21, Pi has been stuck in a bearish trap. This pattern is characterized by lower highs, indicating that sellers dominate the market while buyers struggle to counterattack. If the bearish trend continues, Pi may retest its historical low of $0.40, or even drop further. However, if buying interest rebounds, it could bounce back to the $0.65 level.
The upcoming narrative in the cryptocurrency space is stablecoins, RWA, DeFi, etc. Unlike memes, retail investors have nothing to do with it. If there has to be a role: retail investors are responsible for picking up the pieces—institutions are responsible for telling the story.
ETH is expected to remain bearish in the short term at least until around 2380, only then will I consider buying the dip! If I miss the opportunity, I will only chase after confirming a breakthrough above 3000 USD!
To be honest, the possibility of it going straight up is very low; the market is too heavy, a washout for half a month is necessary!
DOGE Trading Volume Soars 46% to $1 Billion, Ready to Rebound?
The Dogecoin (DOGE) themed cryptocurrency has seen a 24-hour trading volume exceeding $1 billion. According to CoinMarketCap, Dogecoin's trading volume reached $1.05 billion, up 46% in the past day.
The price of Dogecoin has not fully reflected the increase in trading volume; as of the time of writing, Dogecoin has risen by 1.68% in the past 24 hours, trading at $0.1782, indicating that buying pressure has re-emerged.
Dogecoin has fallen for five consecutive days from a high of $0.206 on June 11, slightly rebounding during Monday's trading session after testing the support level of $0.17 on June 13.
Dogecoin (DOGE) Declines Again - Bear Market Tightens Control Over Meme Coin Darling
The Dogecoin to USD exchange rate has started to decline again from the $0.1880 area. Dogecoin is currently consolidating its losses, and a breakout above $0.1780 could lead to a rebound. DOGE price has started to decline again, falling below $0.1880 and $0.180. The price is below the $0.180 level and the 100-hour simple moving average. A short-term bearish trend line has formed on the hourly chart of DOGE/USD, with resistance at $0.1760 (data from Kraken). If the price falls below the $0.180 area, it may begin a new round of decline. The price of Dogecoin has dropped again.
The essence of Binance's alpha is to compete for first-level market liquidity with platforms like pump. Initially, there will definitely be benefits, but be sure to secure profits.
The current market situation is somewhat similar to that of March to August 2024, where it's difficult to go up or down, resulting in back-and-forth fluctuations. It may be advisable to take a break for a while, and it's best to hold only a portion of major cryptocurrencies in spot. Especially with high-leverage contracts, it's highly probable to incur losses.
Without a few months of adjustment, it will be hard to establish a trend. Retail investors are likely to be repeatedly tormented and harvested by the main forces. Sometimes, refraining from participation is actually the optimal solution; wait for the adjustment to complete before seizing the next wave of trends.
Friends still trading memes: Take advantage of the low price of virtual assets today and get involved in staking and new projects. At the current price, today's Iris project is basically returning about half of the investment; right now it's about 300X, with a high point of 700X. Clearly, most people are not small players; those who can't compete are just giving away money, so it's better to go for something more stable. I'm very optimistic about the virtual 'on-chain Silicon Valley YClabs' model, and there should be more high-return projects coming up.
Originally planned to buy back at 275, but due to a rapid decline and lack of key bullish signals, the order was temporarily split into two, executed at 273 and 267 respectively, lowering the overall average transaction price.
No new highs are expected for now, with target take profit levels set around 286 and 305.