Qusai Alkountar
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SHIB Token Burning
$SHIB
The Shiba Inu (SHIB) currency has witnessed a significant increase in the burn rate over the past 24 hours, with this increase reaching an astonishing percentage of 5440%. As a result, more than 39 million SHIB tokens have been burned.
Impact of token burning on market value:
The burning of cryptocurrencies is an important mechanism in the world of digital currencies, aimed at reducing the circulating supply of the currency. This scarcity in supply can lead to increased demand, and consequently, to a rise in the currency's value. In the case of Shiba Inu, this significant increase in the burn rate may contribute to achieving price stability for the currency in the long term.
The Shiba Inu (SHIB) currency has witnessed a significant increase in the burn rate over the past 24 hours, with this increase reaching an astonishing percentage of 5440%. As a result, more than 39 million SHIB tokens have been burned.
Impact of token burning on market value:
The burning of cryptocurrencies is an important mechanism in the world of digital currencies, aimed at reducing the circulating supply of the currency. This scarcity in supply can lead to increased demand, and consequently, to a rise in the currency's value. In the case of Shiba Inu, this significant increase in the burn rate may contribute to achieving price stability for the currency in the long term.
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$SOL
The Solana (SOL) currency has experienced a significant decline of 57% from its price peak, as it is currently trading below the main support level set at 63 weeks.
The closing of last week indicates an increasing struggle between selling forces (bears) and buying forces (bulls),
however, technical indicators suggest a high likelihood of the price dropping towards the level of $81 in the near term.
#marketcap #blockchain #sol #CryptoNews $SOL
The Solana (SOL) currency has experienced a significant decline of 57% from its price peak, as it is currently trading below the main support level set at 63 weeks.
The closing of last week indicates an increasing struggle between selling forces (bears) and buying forces (bulls),
however, technical indicators suggest a high likelihood of the price dropping towards the level of $81 in the near term.
#marketcap #blockchain #sol #CryptoNews $SOL
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$COTI
The chart shows a technical analysis of the digital currency COTI against USDT, where the indicators suggest a potential price increase to $0.145 if the descending wedge pattern is broken on the 12H chart, considering the importance of trading volume and general market conditions.
#TraderProfile #blockchain #CryptoNews #marketcap
The chart shows a technical analysis of the digital currency COTI against USDT, where the indicators suggest a potential price increase to $0.145 if the descending wedge pattern is broken on the 12H chart, considering the importance of trading volume and general market conditions.
#TraderProfile #blockchain #CryptoNews #marketcap
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$ETH
The price of Ethereum is currently experiencing noticeable fluctuations, reflecting a state of anticipation and uncertainty prevailing in the market.
The reading of the Relative Strength Index (RSI) indicates increasing selling pressure, which may push the price towards oversold areas. At the same time, the Moving Average Convergence Divergence (MACD) shows significant fluctuations, making it difficult to determine a clear market direction at this time.
Considering the support and resistance levels, the $2000 area can be seen as strong support, and if broken,
we may witness a decline to the $1900 level. On the other hand, the $2200 area represents major resistance, and breaking it may open
the way for a rise towards $2300 or higher.
There are equal chances for both upward and downward movements.
In the event of improved market sentiment and increased trading volumes,
we may witness a breakout of resistance at $2200, pushing the price towards $2300 or higher. However, if uncertainty persists and selling pressure increases, we may see a decline to the support level at $2000, and breaking it may lead to a drop towards $1900 or lower.
#ETH #CryptoNewss #blockchain #NFT #BTC
The price of Ethereum is currently experiencing noticeable fluctuations, reflecting a state of anticipation and uncertainty prevailing in the market.
The reading of the Relative Strength Index (RSI) indicates increasing selling pressure, which may push the price towards oversold areas. At the same time, the Moving Average Convergence Divergence (MACD) shows significant fluctuations, making it difficult to determine a clear market direction at this time.
Considering the support and resistance levels, the $2000 area can be seen as strong support, and if broken,
we may witness a decline to the $1900 level. On the other hand, the $2200 area represents major resistance, and breaking it may open
the way for a rise towards $2300 or higher.
There are equal chances for both upward and downward movements.
In the event of improved market sentiment and increased trading volumes,
we may witness a breakout of resistance at $2200, pushing the price towards $2300 or higher. However, if uncertainty persists and selling pressure increases, we may see a decline to the support level at $2000, and breaking it may lead to a drop towards $1900 or lower.
#ETH #CryptoNewss #blockchain #NFT #BTC
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$SOL
The price of Solana is currently experiencing notable fluctuations, reflecting a state of anticipation and uncertainty prevailing in the market.
The Relative Strength Index (RSI) reading indicates increasing selling pressure, which may drive the price towards overbought areas.
At the same time, the Moving Average Convergence Divergence (MACD) shows significant volatility, making it more challenging to determine a clear market direction at this time.
Looking at support and resistance levels,
the $120 area can be considered strong support,
and if broken, we may see a decline to $110.
On the other hand, the $140 area represents a key resistance, and breaking through it could open the door for a rise towards $150 or higher.
There are equal opportunities for upward and downward movement. In the case of improved market sentiment and increased trading volumes, we may witness a breakout above the resistance at $140, pushing the price towards $150 or higher.
However, if uncertainty continues and selling pressure increases, we may see a decline to the support level at $120, and breaking it could lead to a drop towards $110 or lower.
#CryptoNews #BinanceAlphaAlert #blockchains #solana #sol
The price of Solana is currently experiencing notable fluctuations, reflecting a state of anticipation and uncertainty prevailing in the market.
The Relative Strength Index (RSI) reading indicates increasing selling pressure, which may drive the price towards overbought areas.
At the same time, the Moving Average Convergence Divergence (MACD) shows significant volatility, making it more challenging to determine a clear market direction at this time.
Looking at support and resistance levels,
the $120 area can be considered strong support,
and if broken, we may see a decline to $110.
On the other hand, the $140 area represents a key resistance, and breaking through it could open the door for a rise towards $150 or higher.
There are equal opportunities for upward and downward movement. In the case of improved market sentiment and increased trading volumes, we may witness a breakout above the resistance at $140, pushing the price towards $150 or higher.
However, if uncertainty continues and selling pressure increases, we may see a decline to the support level at $120, and breaking it could lead to a drop towards $110 or lower.
#CryptoNews #BinanceAlphaAlert #blockchains #solana #sol
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$NEIRO
If the current upward momentum continues, the price of NEIRO could reach the next resistance level, which could be around $0.0005.
This may represent an increase of between 10% to 20% from the current price.
#NEIRO #CRYPTONEWS #blockchain #toptranding
If the current upward momentum continues, the price of NEIRO could reach the next resistance level, which could be around $0.0005.
This may represent an increase of between 10% to 20% from the current price.
#NEIRO #CRYPTONEWS #blockchain #toptranding
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$SHIB
The chart indicates that the price of SHIB$ is currently $0.00001427. It shows that the price has experienced an increase of 5.31% over the past 24 hours.
If the resistance level is exceeded, the price may target higher levels such as $0.00001531 or even $0.00002011.
#TraderProfile #SHİB #cryptonews #BTC
The chart indicates that the price of SHIB$ is currently $0.00001427. It shows that the price has experienced an increase of 5.31% over the past 24 hours.
If the resistance level is exceeded, the price may target higher levels such as $0.00001531 or even $0.00002011.
#TraderProfile #SHİB #cryptonews #BTC
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