AbdulMajeedsaki
Open Trade
High-Frequency Trader
3.8 Years
Binance content creator sharing crypto insights, trading tips, and blockchain updates to help you navigate the future of finance.
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#AltcoinSeasonLoading keep eyes on these coins.
$STORJ $CHZ $DYDX they gonna pump soon perfect time to purchase and do recommend DCA.
$STORJ $CHZ $DYDX they gonna pump soon perfect time to purchase and do recommend DCA.
Predicted two weeks before
weekly chart of $RUNE
1. Downtrend Confirmation:
• The price is trading below the 5-week MA (yellow line) and the 10-week MA (purple line), confirming a bearish trend.
• The long-term momentum appears to be weakening, with the price failing to sustain above critical resistance zones.
2. Bollinger Bands:
• The price has started moving toward the lower Bollinger Band (3.2380), indicating increased selling pressure.
• A break below the middle Bollinger Band (5.0942) also signals bearish dominance.
3. RSI Levels:
• RSI (6, 12, and 24) values (34.05, 42.19, 46.67) are trending lower, indicating decreasing buying strength and the possibility of further downside momentum.
• RSI values below 50 strengthen the bearish outlook.
4. MACD Indicator:
• The MACD line is below the signal line, with negative values (-0.1238), reflecting bearish momentum.
• The histogram shows declining momentum, indicating sellers are in control.
5. Volume Analysis:
• There is declining buying volume on price rallies, suggesting a lack of confidence from buyers.
• Selling pressure appears dominant, which could lead to further downside.
6. Key Levels to Watch:
• Support: The price may test the support zone near $3.2380 (lower Bollinger Band) if the downtrend continues.
• Resistance: The $5.0942 level (middle Bollinger Band) is a critical resistance that the price must overcome to negate the bearish trend.
Conclusion:
The overall chart structure points toward continued bearish pressure unless a significant reversal pattern or bullish catalyst emerges. Traders should remain cautious and monitor support levels for potential breakdowns.
1. Downtrend Confirmation:
• The price is trading below the 5-week MA (yellow line) and the 10-week MA (purple line), confirming a bearish trend.
• The long-term momentum appears to be weakening, with the price failing to sustain above critical resistance zones.
2. Bollinger Bands:
• The price has started moving toward the lower Bollinger Band (3.2380), indicating increased selling pressure.
• A break below the middle Bollinger Band (5.0942) also signals bearish dominance.
3. RSI Levels:
• RSI (6, 12, and 24) values (34.05, 42.19, 46.67) are trending lower, indicating decreasing buying strength and the possibility of further downside momentum.
• RSI values below 50 strengthen the bearish outlook.
4. MACD Indicator:
• The MACD line is below the signal line, with negative values (-0.1238), reflecting bearish momentum.
• The histogram shows declining momentum, indicating sellers are in control.
5. Volume Analysis:
• There is declining buying volume on price rallies, suggesting a lack of confidence from buyers.
• Selling pressure appears dominant, which could lead to further downside.
6. Key Levels to Watch:
• Support: The price may test the support zone near $3.2380 (lower Bollinger Band) if the downtrend continues.
• Resistance: The $5.0942 level (middle Bollinger Band) is a critical resistance that the price must overcome to negate the bearish trend.
Conclusion:
The overall chart structure points toward continued bearish pressure unless a significant reversal pattern or bullish catalyst emerges. Traders should remain cautious and monitor support levels for potential breakdowns.
weekly chart of $RUNE
1. Downtrend Confirmation:
• The price is trading below the 5-week MA (yellow line) and the 10-week MA (purple line), confirming a bearish trend.
• The long-term momentum appears to be weakening, with the price failing to sustain above critical resistance zones.
2. Bollinger Bands:
• The price has started moving toward the lower Bollinger Band (3.2380), indicating increased selling pressure.
• A break below the middle Bollinger Band (5.0942) also signals bearish dominance.
3. RSI Levels:
• RSI (6, 12, and 24) values (34.05, 42.19, 46.67) are trending lower, indicating decreasing buying strength and the possibility of further downside momentum.
• RSI values below 50 strengthen the bearish outlook.
4. MACD Indicator:
• The MACD line is below the signal line, with negative values (-0.1238), reflecting bearish momentum.
• The histogram shows declining momentum, indicating sellers are in control.
5. Volume Analysis:
• There is declining buying volume on price rallies, suggesting a lack of confidence from buyers.
• Selling pressure appears dominant, which could lead to further downside.
6. Key Levels to Watch:
• Support: The price may test the support zone near $3.2380 (lower Bollinger Band) if the downtrend continues.
• Resistance: The $5.0942 level (middle Bollinger Band) is a critical resistance that the price must overcome to negate the bearish trend.
Conclusion:
The overall chart structure points toward continued bearish pressure unless a significant reversal pattern or bullish catalyst emerges. Traders should remain cautious and monitor support levels for potential breakdowns.
1. Downtrend Confirmation:
• The price is trading below the 5-week MA (yellow line) and the 10-week MA (purple line), confirming a bearish trend.
• The long-term momentum appears to be weakening, with the price failing to sustain above critical resistance zones.
2. Bollinger Bands:
• The price has started moving toward the lower Bollinger Band (3.2380), indicating increased selling pressure.
• A break below the middle Bollinger Band (5.0942) also signals bearish dominance.
3. RSI Levels:
• RSI (6, 12, and 24) values (34.05, 42.19, 46.67) are trending lower, indicating decreasing buying strength and the possibility of further downside momentum.
• RSI values below 50 strengthen the bearish outlook.
4. MACD Indicator:
• The MACD line is below the signal line, with negative values (-0.1238), reflecting bearish momentum.
• The histogram shows declining momentum, indicating sellers are in control.
5. Volume Analysis:
• There is declining buying volume on price rallies, suggesting a lack of confidence from buyers.
• Selling pressure appears dominant, which could lead to further downside.
6. Key Levels to Watch:
• Support: The price may test the support zone near $3.2380 (lower Bollinger Band) if the downtrend continues.
• Resistance: The $5.0942 level (middle Bollinger Band) is a critical resistance that the price must overcome to negate the bearish trend.
Conclusion:
The overall chart structure points toward continued bearish pressure unless a significant reversal pattern or bullish catalyst emerges. Traders should remain cautious and monitor support levels for potential breakdowns.
Observations: $INJ
1. Current Price: The price is trading at 22.292, with a positive change of +2.61% for the day.
2. Bollinger Bands:
• The price recently moved upward, nearing the middle Bollinger Band (MB) (22.501).
• The Bollinger Bands are slightly narrowing, suggesting reduced volatility.
3. RSI (Relative Strength Index):
• RSI(6): 58.836 indicates short-term bullish momentum.
• RSI(12): 46.535 and RSI(24): 46.147 show neutral momentum, leaning slightly bearish for mid and long-term periods.
4. MACD (Moving Average Convergence Divergence):
• The MACD line (0.117) is above the Signal Line (-1.751), suggesting short-term bullish crossover.
5. Volume: Volume is relatively low, indicating weaker participation in this recent price move.
Patterns:
1. Downtrend with Possible Reversal:
• The chart shows a sustained downtrend but now hints at a possible reversal as the price is consolidating and forming higher lows.
2. Support Zone: Strong support is visible near the 21.3–21.5 region, as the price has previously rebounded from this area.
3. Resistance Levels:
• Immediate resistance near 22.85 (upper Bollinger Band).
• Further resistance at 24.0 if the price sustains a bullish move.
4. Trendlines:
• No clear breakout yet. However, a slight upward trajectory is forming, suggesting an attempt to break the downtrend.
Long-Term Outlook:
• Neutral to Bullish:
• The long-term RSI values are still below 50, indicating consolidation.
• A decisive move above 24.0–25.0 with strong volume is needed to confirm a longer-term bullish trend.
• Downside Risk: Sustained failure to hold above 21.0 could lead to a deeper correction toward 18.5–19.0.
Recommendation:
• Short-Term Traders: Watch for a break above 22.85 with increased volume for potential long entries.
• Long-Term Investors: Wait for confirmation of a breakout above 24.0 before accumulating further. Keep an eye on the support zone at 21.0 for a possible re-entry on dips.$INJ
1. Current Price: The price is trading at 22.292, with a positive change of +2.61% for the day.
2. Bollinger Bands:
• The price recently moved upward, nearing the middle Bollinger Band (MB) (22.501).
• The Bollinger Bands are slightly narrowing, suggesting reduced volatility.
3. RSI (Relative Strength Index):
• RSI(6): 58.836 indicates short-term bullish momentum.
• RSI(12): 46.535 and RSI(24): 46.147 show neutral momentum, leaning slightly bearish for mid and long-term periods.
4. MACD (Moving Average Convergence Divergence):
• The MACD line (0.117) is above the Signal Line (-1.751), suggesting short-term bullish crossover.
5. Volume: Volume is relatively low, indicating weaker participation in this recent price move.
Patterns:
1. Downtrend with Possible Reversal:
• The chart shows a sustained downtrend but now hints at a possible reversal as the price is consolidating and forming higher lows.
2. Support Zone: Strong support is visible near the 21.3–21.5 region, as the price has previously rebounded from this area.
3. Resistance Levels:
• Immediate resistance near 22.85 (upper Bollinger Band).
• Further resistance at 24.0 if the price sustains a bullish move.
4. Trendlines:
• No clear breakout yet. However, a slight upward trajectory is forming, suggesting an attempt to break the downtrend.
Long-Term Outlook:
• Neutral to Bullish:
• The long-term RSI values are still below 50, indicating consolidation.
• A decisive move above 24.0–25.0 with strong volume is needed to confirm a longer-term bullish trend.
• Downside Risk: Sustained failure to hold above 21.0 could lead to a deeper correction toward 18.5–19.0.
Recommendation:
• Short-Term Traders: Watch for a break above 22.85 with increased volume for potential long entries.
• Long-Term Investors: Wait for confirmation of a breakout above 24.0 before accumulating further. Keep an eye on the support zone at 21.0 for a possible re-entry on dips.$INJ
Looking at the daily chart for $SNT /USDT:
1. Price Action: The price has surged significantly, currently trading at $0.07108, with a daily increase of +42.56%. It reached a high of $0.07840, indicating strong bullish momentum.
2. Moving Averages:
• EMA(5): $0.05648 (bullish crossover above the current price).
• EMA(20): $0.04507 (price well above this level, showing short-term bullishness).
• EMA(200): $0.03031 (price far above this level, confirming a longer-term uptrend).
3. Volume: Trading volume is significantly high at 878.28M SNT, supporting the bullish breakout.
4. RSI:
• RSI(6): 92.14 (overbought).
• RSI(12): 84.83 (overbought).
• RSI(24): 78.89 (approaching overbought). These levels suggest potential for a short-term correction but strong bullish pressure overall.
5. MACD: The MACD line is above the signal line, with positive divergence, reinforcing bullish momentum.
Conclusion:
$SNT is experiencing strong bullish momentum with a breakout supported by high volume and price action above key moving averages. However, RSI levels indicate overbought conditions, so a short-term correction might occur. Caution is advised for new entries, as the trend may consolidate after this surge.
1. Price Action: The price has surged significantly, currently trading at $0.07108, with a daily increase of +42.56%. It reached a high of $0.07840, indicating strong bullish momentum.
2. Moving Averages:
• EMA(5): $0.05648 (bullish crossover above the current price).
• EMA(20): $0.04507 (price well above this level, showing short-term bullishness).
• EMA(200): $0.03031 (price far above this level, confirming a longer-term uptrend).
3. Volume: Trading volume is significantly high at 878.28M SNT, supporting the bullish breakout.
4. RSI:
• RSI(6): 92.14 (overbought).
• RSI(12): 84.83 (overbought).
• RSI(24): 78.89 (approaching overbought). These levels suggest potential for a short-term correction but strong bullish pressure overall.
5. MACD: The MACD line is above the signal line, with positive divergence, reinforcing bullish momentum.
Conclusion:
$SNT is experiencing strong bullish momentum with a breakout supported by high volume and price action above key moving averages. However, RSI levels indicate overbought conditions, so a short-term correction might occur. Caution is advised for new entries, as the trend may consolidate after this surge.
Looking at the $AMP /USDT daily chart, here’s a detailed analysis based on the indicators and price action:
Indicators:
1. Exponential Moving Averages (EMA):
• EMA(5): $0.009173 — Significantly above EMA(20) and EMA(200), indicating a strong short-term bullish trend.
• EMA(20): $0.006676 — Supports the continuation of the uptrend, acting as a key support level.
• EMA(200): $0.004759 — Far below current prices, confirming the long-term bullish structure.
2. Relative Strength Index (RSI):
• RSI(6): 91.24
• RSI(12): 86.72
• RSI(24): 82.16
• All RSI values are in the extreme overbought zone, signaling that the asset may face a short-term correction or consolidation.
3. Moving Average Convergence Divergence (MACD):
• The MACD line is steeply upward, far above the signal line, showing strong bullish momentum.
• The increasing histogram supports continued buying pressure.
4. Volume:
• A massive spike in volume aligns with the recent breakout, validating the price move. Sustained volume is crucial for the trend continuation.
Key Observations:
1. Price Breakout:
• AMP has broken above its previous resistance levels with a strong parabolic move. This kind of breakout often attracts significant attention from traders.
2. Support Levels:
• Immediate support is around $0.0109 (near the recent breakout zone).
• Stronger support is at EMA(20) near $0.0067.
3. Resistance Levels:
• The local high at $0.0145 serves as the immediate resistance.
• A breakout above this level could push prices toward psychological levels such as $0.02.
Short-term Scenario:
• Bullish: Continuation to $0.015 or higher if the buying momentum sustains.
• Bearish: A pullback to $0.0109 or lower (EMA(5)) is likely due to overbought RSI levels. Consolidation between $0.009–$0.014 might occur.
Long-term Scenario:
• The long-term outlook remains bullish as long as prices stay above EMA(20) and EMA(200). Sustained demand could lead to higher highs if the price consolidates healthily after the current surge.
$AMP
Indicators:
1. Exponential Moving Averages (EMA):
• EMA(5): $0.009173 — Significantly above EMA(20) and EMA(200), indicating a strong short-term bullish trend.
• EMA(20): $0.006676 — Supports the continuation of the uptrend, acting as a key support level.
• EMA(200): $0.004759 — Far below current prices, confirming the long-term bullish structure.
2. Relative Strength Index (RSI):
• RSI(6): 91.24
• RSI(12): 86.72
• RSI(24): 82.16
• All RSI values are in the extreme overbought zone, signaling that the asset may face a short-term correction or consolidation.
3. Moving Average Convergence Divergence (MACD):
• The MACD line is steeply upward, far above the signal line, showing strong bullish momentum.
• The increasing histogram supports continued buying pressure.
4. Volume:
• A massive spike in volume aligns with the recent breakout, validating the price move. Sustained volume is crucial for the trend continuation.
Key Observations:
1. Price Breakout:
• AMP has broken above its previous resistance levels with a strong parabolic move. This kind of breakout often attracts significant attention from traders.
2. Support Levels:
• Immediate support is around $0.0109 (near the recent breakout zone).
• Stronger support is at EMA(20) near $0.0067.
3. Resistance Levels:
• The local high at $0.0145 serves as the immediate resistance.
• A breakout above this level could push prices toward psychological levels such as $0.02.
Short-term Scenario:
• Bullish: Continuation to $0.015 or higher if the buying momentum sustains.
• Bearish: A pullback to $0.0109 or lower (EMA(5)) is likely due to overbought RSI levels. Consolidation between $0.009–$0.014 might occur.
Long-term Scenario:
• The long-term outlook remains bullish as long as prices stay above EMA(20) and EMA(200). Sustained demand could lead to higher highs if the price consolidates healthily after the current surge.
$AMP
Looking at the chart of $TRX /USDT (daily timeframe), here are the key points and analysis:
Indicators:
1. Exponential Moving Averages (EMA):
• EMA(5) is above both EMA(20) and EMA(200), signaling a strong short-term uptrend.
• EMA(20) is also far above EMA(200), which confirms a strong medium-to-long-term bullish trend.
2. Relative Strength Index (RSI):
• RSI(6), RSI(12), and RSI(24) are all above 79, indicating that the asset is heavily overbought in the short term. Overbought conditions often signal a possible retracement or cooling-off period.
3. Moving Average Convergence Divergence (MACD):
• MACD line is strongly positive and diverging from the signal line, suggesting continued bullish momentum.
• The histogram shows increasing momentum to the upside.
4. Volume:
• A significant increase in volume supports the recent price breakout, confirming strong market interest.
Possible Pattern:
• The sharp upward move suggests a potential “parabolic” move or the formation of a “blow-off top”, where prices rise quickly and might correct sharply afterward.
Short-term Scenario:
• Bullish: Momentum is strong, and prices could test the resistance zone near $0.45 (previous day’s high).
• Bearish: Overbought RSI levels and extreme upward movement suggest a possible pullback or consolidation. Key support level is:
• EMA(5) at $0.32
Long-term Scenario:
• The strong uptrend on the daily timeframe indicates bullish potential in the long term. As long as prices stay above the EMA(200) at $0.15, the overall trend remains intact.
• A sustained move above $0.45 could open the way for further gains, but any breakdown below $0.23 (EMA 20) would signal caution.
Summary:
• Short-term: Overbought conditions might lead to a retracement or sideways consolidation.
• Long-term: The bullish trend remains intact as long as prices hold above $0.23. $TRX
Indicators:
1. Exponential Moving Averages (EMA):
• EMA(5) is above both EMA(20) and EMA(200), signaling a strong short-term uptrend.
• EMA(20) is also far above EMA(200), which confirms a strong medium-to-long-term bullish trend.
2. Relative Strength Index (RSI):
• RSI(6), RSI(12), and RSI(24) are all above 79, indicating that the asset is heavily overbought in the short term. Overbought conditions often signal a possible retracement or cooling-off period.
3. Moving Average Convergence Divergence (MACD):
• MACD line is strongly positive and diverging from the signal line, suggesting continued bullish momentum.
• The histogram shows increasing momentum to the upside.
4. Volume:
• A significant increase in volume supports the recent price breakout, confirming strong market interest.
Possible Pattern:
• The sharp upward move suggests a potential “parabolic” move or the formation of a “blow-off top”, where prices rise quickly and might correct sharply afterward.
Short-term Scenario:
• Bullish: Momentum is strong, and prices could test the resistance zone near $0.45 (previous day’s high).
• Bearish: Overbought RSI levels and extreme upward movement suggest a possible pullback or consolidation. Key support level is:
• EMA(5) at $0.32
Long-term Scenario:
• The strong uptrend on the daily timeframe indicates bullish potential in the long term. As long as prices stay above the EMA(200) at $0.15, the overall trend remains intact.
• A sustained move above $0.45 could open the way for further gains, but any breakdown below $0.23 (EMA 20) would signal caution.
Summary:
• Short-term: Overbought conditions might lead to a retracement or sideways consolidation.
• Long-term: The bullish trend remains intact as long as prices hold above $0.23. $TRX
How I Turned $80 into $15,000 Using Binance—And My Journey to $1 Million Continues
Today, I share a journey that started with just $80 and a dream. A journey powered by resilience, knowledge, and a platform that revolutionized the way I approached my financial goals.
When I began, many would have dismissed $80 as insignificant. But I saw potential. What transformed that small amount into $15,000 wasn’t luck—it was strategy and persistence, that became the vehicle for my success.
Why Binance Was the Game-Changer
Binance wasn’t just a platform; it was a gateway. It offered m
When I began, many would have dismissed $80 as insignificant. But I saw potential. What transformed that small amount into $15,000 wasn’t luck—it was strategy and persistence, that became the vehicle for my success.
Why Binance Was the Game-Changer
Binance wasn’t just a platform; it was a gateway. It offered m
Bitcoin’s Historical December Performance
Historically, December has been a volatile but often positive month for Bitcoin. Notable patterns include:
1. Bullish Decembers in Bull Markets: During bull runs, such as in 2017 and 2020, Bitcoin recorded significant gains in December, bolstered by retail interest and macroeconomic trends.
2. Mixed Performance in Other Years: In bear markets, such as December 2018, Bitcoin suffered substantial losses. However, December 2019 saw stabilization as the market transitioned to recovery.
3. Volatility Trends: December often aligns with year-end profit-taking and tax-loss harvesting, contributing to price fluctuations.
Given the current bullish sentiment and historical trends, December 2024 may continue the upward trajectory unless significant external shocks occur. However, you guys should remain cautious of overbought signals and potential corrections.
Historically, December has been a volatile but often positive month for Bitcoin. Notable patterns include:
1. Bullish Decembers in Bull Markets: During bull runs, such as in 2017 and 2020, Bitcoin recorded significant gains in December, bolstered by retail interest and macroeconomic trends.
2. Mixed Performance in Other Years: In bear markets, such as December 2018, Bitcoin suffered substantial losses. However, December 2019 saw stabilization as the market transitioned to recovery.
3. Volatility Trends: December often aligns with year-end profit-taking and tax-loss harvesting, contributing to price fluctuations.
Given the current bullish sentiment and historical trends, December 2024 may continue the upward trajectory unless significant external shocks occur. However, you guys should remain cautious of overbought signals and potential corrections.
Current Bitcoin Market Conditions.
Bitcoin is currently experiencing bullish momentum, trading near $96,000 and displaying high volatility with a monthly price swing of over 13%. The asset recently hit a new all-time high of $99,575, reflecting strong investor sentiment driven by optimism in the crypto market. The Fear & Greed Index is in the “Extreme Greed” range, suggesting heightened enthusiasm but also potential overvaluation risks.
Key technical indicators point to sustained bullish trends. Many moving averages and oscillators support buying, but some suggest overbought conditions, as reflected in the Relative Strength Index (RSI) at 78.9. I expect Bitcoin’s price to test critical resistance levels above $100,000 soon, with longer-term targets exceeding $120,000 if the current momentum persists .#ThanksgivingBTCMoves $BTC
Bitcoin is currently experiencing bullish momentum, trading near $96,000 and displaying high volatility with a monthly price swing of over 13%. The asset recently hit a new all-time high of $99,575, reflecting strong investor sentiment driven by optimism in the crypto market. The Fear & Greed Index is in the “Extreme Greed” range, suggesting heightened enthusiasm but also potential overvaluation risks.
Key technical indicators point to sustained bullish trends. Many moving averages and oscillators support buying, but some suggest overbought conditions, as reflected in the Relative Strength Index (RSI) at 78.9. I expect Bitcoin’s price to test critical resistance levels above $100,000 soon, with longer-term targets exceeding $120,000 if the current momentum persists .#ThanksgivingBTCMoves $BTC
Binance Airdrops
What Are Airdrops in Binance?
Airdrops are free distributions of cryptocurrency tokens by a project or platform, like Binance, to promote awareness, reward users, or onboard new participants. They can be promotional events for new coins or tokens listed on Binance or part of a project’s marketing or community-building strategy.
Why Do Airdrops Happen?
1. Promote New Projects: To increase visibility and adoption of new tokens.
2. Reward Loyal Users: Tokens are often distributed to users hold
Airdrops are free distributions of cryptocurrency tokens by a project or platform, like Binance, to promote awareness, reward users, or onboard new participants. They can be promotional events for new coins or tokens listed on Binance or part of a project’s marketing or community-building strategy.
Why Do Airdrops Happen?
1. Promote New Projects: To increase visibility and adoption of new tokens.
2. Reward Loyal Users: Tokens are often distributed to users hold
Latest updates in the cryptocurrency world as of now:
1. Bitcoin Nears $100,000: Bitcoin $BTC is trading around $95,000, with its price nearing the psychological $100,000 mark. This rise is fueled by increasing institutional interest and strong market momentum. Analysts suggest Bitcoin is entering a parabolic growth phase, mirroring past bull market trends.
2. Ethereum’s ETF Inflows Surge: Ethereum $ETH has seen massive inflows into spot ETFs, with nearly $650 million added in the past week. This has contributed to ETH’s current price of around $3,589. Analysts expect further growth, with some predicting a breakout to $4,000 or beyond. The potential for a staked ETH ETF under the new U.S. administration could further boost prices.
3. Altcoin Market Strengthens: Altcoins like Solana (SOL) are showing resilience, with $SOL trading near $237.66 and seeing a strong increase in Total Value Locked (TVL) on its network. Meanwhile, new projects such as JetBolt $JBOLT, offering zero-gas transactions, are gaining attention during presales.
4. Upcoming Altcoin Season?: Some analysts predict the start of a new altcoin season, citing historical patterns of Bitcoin dominance declining after its peak performance. This could signal a shift where altcoins outperform Bitcoin.
The overall market sentiment remains bullish, with significant developments in both established and emerging cryptocurrencies. Let me know if you people want any insights on a specific coin.
1. Bitcoin Nears $100,000: Bitcoin $BTC is trading around $95,000, with its price nearing the psychological $100,000 mark. This rise is fueled by increasing institutional interest and strong market momentum. Analysts suggest Bitcoin is entering a parabolic growth phase, mirroring past bull market trends.
2. Ethereum’s ETF Inflows Surge: Ethereum $ETH has seen massive inflows into spot ETFs, with nearly $650 million added in the past week. This has contributed to ETH’s current price of around $3,589. Analysts expect further growth, with some predicting a breakout to $4,000 or beyond. The potential for a staked ETH ETF under the new U.S. administration could further boost prices.
3. Altcoin Market Strengthens: Altcoins like Solana (SOL) are showing resilience, with $SOL trading near $237.66 and seeing a strong increase in Total Value Locked (TVL) on its network. Meanwhile, new projects such as JetBolt $JBOLT, offering zero-gas transactions, are gaining attention during presales.
4. Upcoming Altcoin Season?: Some analysts predict the start of a new altcoin season, citing historical patterns of Bitcoin dominance declining after its peak performance. This could signal a shift where altcoins outperform Bitcoin.
The overall market sentiment remains bullish, with significant developments in both established and emerging cryptocurrencies. Let me know if you people want any insights on a specific coin.
The daily chart for $RUNE /USDT indicates the following observations:
1. Chart Pattern Analysis:
• Ascending Triangle Formation: The price appears to be forming an ascending triangle pattern. This is evident from the upward-sloping trendline (support) and the relatively flat resistance level near $6.2. Ascending triangles are typically bullish patterns, indicating that the price may break upward if buying momentum increases.
2. Indicators:
• RSI (Relative Strength Index):
• The RSI values (55.09, 52.46) are in the neutral zone, suggesting the market isn’t overbought or oversold. A value above 70 indicates overbought conditions, and below 30 indicates oversold conditions. At these levels, there is moderate strength in the price action with room for further upside.
• Parabolic SAR:
• The Parabolic SAR dots are above the candles, indicating bearish momentum on the short-term. A shift in dots below the candles would signal a potential reversal to an upward trend.
3. Volume Analysis:
• Money Flow:
• The trading volume shows a general decline compared to previous spikes, indicating reduced participation recently. However, the 90-day volume change (+37.65%) suggests consistent interest in the asset. If volume picks up near resistance, a breakout may follow.
• The candlestick patterns combined with volume spikes near support levels show buyers defending the lower boundary.
4. Outlook:
• A breakout above $6.2 with strong volume would confirm the bullish continuation.
• If the price breaks below the ascending trendline support, it may invalidate the bullish bias and lead to a retest of lower support zones near $5 or $4.5.
$RUNE
1. Chart Pattern Analysis:
• Ascending Triangle Formation: The price appears to be forming an ascending triangle pattern. This is evident from the upward-sloping trendline (support) and the relatively flat resistance level near $6.2. Ascending triangles are typically bullish patterns, indicating that the price may break upward if buying momentum increases.
2. Indicators:
• RSI (Relative Strength Index):
• The RSI values (55.09, 52.46) are in the neutral zone, suggesting the market isn’t overbought or oversold. A value above 70 indicates overbought conditions, and below 30 indicates oversold conditions. At these levels, there is moderate strength in the price action with room for further upside.
• Parabolic SAR:
• The Parabolic SAR dots are above the candles, indicating bearish momentum on the short-term. A shift in dots below the candles would signal a potential reversal to an upward trend.
3. Volume Analysis:
• Money Flow:
• The trading volume shows a general decline compared to previous spikes, indicating reduced participation recently. However, the 90-day volume change (+37.65%) suggests consistent interest in the asset. If volume picks up near resistance, a breakout may follow.
• The candlestick patterns combined with volume spikes near support levels show buyers defending the lower boundary.
4. Outlook:
• A breakout above $6.2 with strong volume would confirm the bullish continuation.
• If the price breaks below the ascending trendline support, it may invalidate the bullish bias and lead to a retest of lower support zones near $5 or $4.5.
$RUNE
Based on $BTC daily chart
Observations:
1. Price Movement:
• Bitcoin recently experienced a strong bullish trend, reaching a high of 99,588.01.
• After the peak, the price has started to consolidate, forming lower highs while maintaining support near the 90,000–92,000 level.
2. Key Moving Averages:
• The EMA (5) is sloping downward slightly, indicating short-term bearish pressure.
• The EMA (20) is acting as strong dynamic support around 90,360, which aligns with the consolidation zone.
• The EMA (200) is far below at 67,592, reflecting long-term bullish momentum.
3. Indicators:
• RSI: Around 55–66, showing neutral to slightly bullish momentum.
• MACD: The MACD line has crossed below the signal line, indicating a weakening bullish trend and potential correction.
4. Pattern Formation:
• The chart suggests a bull flag or pennant formation:
• Pole: The sharp upward rally from approximately 58,946 to 99,588.01.
• Consolidation: A tight range with lower highs and higher lows, forming a symmetrical triangle.
Conclusion:
The bull flag or pennant is a continuation pattern, typically indicating that the price is likely to break out in the direction of the prior trend (upward in this case). A breakout above the 97,000–99,000 resistance zone with high volume could confirm the pattern and signal further upside, potentially targeting levels beyond 100,000. However, a breakdown below 90,000 could invalidate the pattern and suggest a deeper correction.$BTC
Observations:
1. Price Movement:
• Bitcoin recently experienced a strong bullish trend, reaching a high of 99,588.01.
• After the peak, the price has started to consolidate, forming lower highs while maintaining support near the 90,000–92,000 level.
2. Key Moving Averages:
• The EMA (5) is sloping downward slightly, indicating short-term bearish pressure.
• The EMA (20) is acting as strong dynamic support around 90,360, which aligns with the consolidation zone.
• The EMA (200) is far below at 67,592, reflecting long-term bullish momentum.
3. Indicators:
• RSI: Around 55–66, showing neutral to slightly bullish momentum.
• MACD: The MACD line has crossed below the signal line, indicating a weakening bullish trend and potential correction.
4. Pattern Formation:
• The chart suggests a bull flag or pennant formation:
• Pole: The sharp upward rally from approximately 58,946 to 99,588.01.
• Consolidation: A tight range with lower highs and higher lows, forming a symmetrical triangle.
Conclusion:
The bull flag or pennant is a continuation pattern, typically indicating that the price is likely to break out in the direction of the prior trend (upward in this case). A breakout above the 97,000–99,000 resistance zone with high volume could confirm the pattern and signal further upside, potentially targeting levels beyond 100,000. However, a breakdown below 90,000 could invalidate the pattern and suggest a deeper correction.$BTC
Based on hourly chart of $INJ .
Observations:
1. Price Movement:
• The price recently hit a low of 28.669 and rebounded but has since been consolidating.
• The Bollinger Bands indicate a range-bound movement with the price hovering near the middle and lower bands.
2. Indicators:
• RSI: The RSI (6, 12, 24) values are all below 50, suggesting weak momentum and potential bearish sentiment.
• MACD: The MACD line is below the signal line, and the histogram is slightly negative, indicating a bearish bias.
• Volume: Volume appears to be declining after a surge, suggesting reduced trader interest during the current consolidation.
3. Pattern Formation:
• The chart appears to be forming a descending triangle pattern:
• Lower Highs: Each peak in the recent candles is lower than the previous one.
• Horizontal Support: The price is finding support around the 28.8-29.0 level.
Conclusion:
The descending triangle pattern is generally a bearish continuation pattern. If the price breaks below the support level of 28.8, it could lead to further downside. However, if the price breaks above the descending resistance, it might indicate a bullish reversal. Watch for a breakout accompanied by increased volume for confirmation.$INJ
Observations:
1. Price Movement:
• The price recently hit a low of 28.669 and rebounded but has since been consolidating.
• The Bollinger Bands indicate a range-bound movement with the price hovering near the middle and lower bands.
2. Indicators:
• RSI: The RSI (6, 12, 24) values are all below 50, suggesting weak momentum and potential bearish sentiment.
• MACD: The MACD line is below the signal line, and the histogram is slightly negative, indicating a bearish bias.
• Volume: Volume appears to be declining after a surge, suggesting reduced trader interest during the current consolidation.
3. Pattern Formation:
• The chart appears to be forming a descending triangle pattern:
• Lower Highs: Each peak in the recent candles is lower than the previous one.
• Horizontal Support: The price is finding support around the 28.8-29.0 level.
Conclusion:
The descending triangle pattern is generally a bearish continuation pattern. If the price breaks below the support level of 28.8, it could lead to further downside. However, if the price breaks above the descending resistance, it might indicate a bullish reversal. Watch for a breakout accompanied by increased volume for confirmation.$INJ
Guys trust me alt season just begun, large chunk of liquidity is pouring towards alt it’s time to long sone of them. @Injective @THORChain @dYdX Protocol
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