🙌🚨 Bitcoin reaches a new all-time high, Dogecoin rises after the launch of the official website, Vitalik as the authority of the Ethereum Foundation
A brief review of the most notable crypto news of the week so you don't miss any details about what's happening in the world of bitcoin, blockchain, and the crypto ecosystem.
To say that Bitcoin is "ridiculously" cheap at 150,000 is a very subjective opinion, tinged with optimism. Looking back, in 2017 it nearly reached 20 thousand dollars, and in 2021 it only tripled that figure, despite the enormous liquidity injection from the Federal Reserve. Now, reaching 150 thousand won't be a walk in the park.
Nowadays, Bitcoin has a much larger market capitalization, which means that moving its price requires immense amounts of money. That's why, although a price of 150 thousand is possible, it's not as easy as some suggest.
"Do you think $TRUMP has a chance of hitting 77 again? I made the mistake of buying at 48.25, even though I originally planned to buy when it was closer to 37. The price climbed too quickly, and I didn’t want to miss out, so I ended up buying at a much higher level. Now it seems to be stabilizing around 40, but I’m uncertain about my next move. I’ll be monitoring it closely tomorrow, but I’m also debating whether to hold for the long term. Does it have the potential to recover and go higher, or would it be wiser to sell and cut my losses? I’d appreciate any advice or insights from experienced traders on the best course of action." $TRUMP $SOL
This chart reflects the potential for significant growth in the TRUMP/USDT market. The initial downward trend, forming a falling wedge pattern, is typically a bullish reversal signal, suggesting that selling pressure is weakening. The breakout above the wedge, combined with increasing volume, indicates renewed buying interest and market optimism. The projected price target of 70.64 suggests a potential rally of over 37% within a short timeframe. This growth highlights the speculative nature of memecoins, where market sentiment, technical patterns, and volume dynamics play a crucial role in driving price movements.
$TRUMP is overhyped after a strong rally and people had bought trump/usdt at the top and now their pnls are in-50% to -60% and some had bought it at 50$ and like this and now the main question which is rising is what to do now? can we hold or not? so here is the brief analysis of this overhyped coin:
According to $TRUMP facing a trendline as support from the bottom and this coin is always respecting fibonacci replacement golden zones which are 0.5 and 0.61 and literally market is respecting it alot and the trend is also downtrend but there is one hope left behind which is trendline which is acting as a strong support if we talk technically and if we see a breakdown then trump will test 20's level so keep eye on that trendline and if it breaks you can catch the selling momentum also and if it got strong rejection and a bullish pattern forms on that then you can buy it for 60's .
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TRUMP ( Descending Triangle )CHART 🚀 TRUMP/USDT is soaring! Currently at $42.5, signaling further gains ahead. 📈
A potential breakout from the descending triangle is nearing, with Fibonacci retracement levels aligning seamlessly to provide key support and resistance areas. 📈 Exciting trading opportunities could rise soon! 🚀
After a detailed analysis of the 20-minute chart for the TRUMP/USDT pair on Binance, here’s a summary and forecast for the upcoming price movement: 🔍 Technical Overview: Key Levels: Strong Resistance: $77.33 (Red Line) – A crucial level that may act as a ceiling for upward movement.Support Levels:$62.41 (Primary - Orange Line).$53.59 (Secondary - Yellow Line) – A critical support zone that held well against the downward trend. Moving Averages: 7-period MA (Purple) and 25-period MA (Pink) are showing bearish momentum but are starting to converge, signaling a potential slowdown-period MA (Blue) remains above, acting as long-term resistance. A break above this could trigger a bullish reversal. Trendline: The descending trendline has been broken, often signaling a potential reversal or consolidation phase. Support Zones: The price has bounced multiple times near the $37-$39 range (Orange Lines), indicating strong buying interest.
🔮 Prediction: With the descending trendline broken, the price is likely to move within the $53 to $62 range in the short term.A break above $62.41 could lead to a retest of the $77.33 resistance level.Conversely, a drop below $53.59 might see the price revisiting the $37-$40 support zone.
💡 My Strategy: For Buyers: Look for buying opportunities near the support levels, with a stop loss below $53.59.For Sellers: Consider selling at the $62.41 resistance level, with a stop loss above$38. #TRUMP #TrumpCrypto #TrumpCryptoSupport #TrumpInPump