The direction of the market is usually correct, so don't let the money within reach slip away! Investing doesn't have to outperform the market; many times, choosing the right direction is the most important thing! When a trend appears, go with it, run with it. When there's no trend, just observe and patiently wait. Tomorrow's success depends on today's choices. If you still can't figure out the market trend and have been losing money, then hurry down and get on board! #2025有哪些关键叙事? #比特币战略储备
From the daily chart of Bitcoin, the price continues to be sluggish, currently falling to the MA30 daily moving average at 10.38. Pay attention to this line's gains and losses during the day. If it falls below, the short-term trend will continue to decline to the 4-hour MA256 daily moving average at 100,000. The resistance level can be referenced from the 1-hour level's MA5/10 daily moving averages.
From the daily chart of Ethereum, yesterday closed with a large bearish candle, and the price broke below the MA5/10 daily moving averages. If the short-term decline continues, the next support to focus on is the MA30 daily moving average at 2400. In the 4-hour view, it has continuously closed with bearish candles, breaking below short-term support. Pay attention to whether it can regain
the MA120 daily moving average.
Afternoon trading strategy (written at: 14:00):
BTC: 10.42 short, add to short at a rebound to 10.5, target 10.3; Saturday's volatility is not high, try to treat small rebounds as shorting opportunities.
Next, you can gradually accumulate long positions!! Bitcoin is looking at around 105500!! Ethereum is looking at around 2560!! #中心化与去中心化交易所 #交易类型入门 #FTX赔付 If you still can't see the trend clearly! Going long means it will drop, going short means it will rise! Feel free to click on my profile! $BTC $ETH $WCT
《Bitcoin/Ethereum Market Analysis and Short-term Trading》
In yesterday's cryptocurrency market, Bitcoin and Ethereum continued to implement a bearish strategy. Bitcoin entered short at the 108000 level, while Ethereum entered short above 2730, and the market trend met expectations. In the early morning phase, Bitcoin significantly dropped to around 104500, and Ethereum fell to around 2556, with a notable decline. The market then showed a rebound, and the rebound strength was strong, but upward pressure still exists. From the daily chart of Bitcoin, a consecutive bearish pattern has formed, with the price breaking below the middle Bollinger Band, and the MA moving averages successfully crossing below the 7-day and 10-day moving averages, turning the 108000 level from previous support into current resistance. Meanwhile, Ethereum has recently continued its divergence trend, and the support level around 2550 deserves close attention.
From the candlestick pattern analysis, both Bitcoin and Ethereum at the daily level show a continuous downtrend, with a clear bearish trend. The consecutive two days of large bearish candlesticks paired with long upper shadows visually reflect the heavy selling pressure above. In the 4-hour cycle, the candlestick is currently in a consolidation state, but overall it has not yet exited the descending channel. In terms of technical indicators, within the 4-hour cycle, the MACD indicator's DIF and DEA dual lines continue to run below the zero axis, and although the histogram has shown a certain degree of shrinkage after expanding, indicating a weakening of bearish strength, no trend reversal signal has yet appeared. Therefore, it is recommended to closely monitor the opportunity for another decline after the market rebound.
Based on the above analysis, today's trading suggestion is as follows: Bitcoin can lay out short positions in the 106300 - 106800 range, targeting around 104000; Ethereum can enter short positions in the 2640 - 2660 range, with the target price set around 2580. #中心化与去中心化交易所 #交易类型入门 #加密市场回调 #币安Alpha上新 #美国加征关税
This wave of short positions on Bitcoin has captured 2200 points! My view moving forward is still mainly to short! Looks like it's heading to 103500!! #中心化与去中心化交易所 #交易类型入门 #加密市场回调 If you still can't see the trend clearly! Shorting leads to rises, going long leads to drops. Click on my profile picture, follow the description info, be early, I Let's discuss the ups and downs of the crypto world together! $BTC $ETH $WCT
On the daily chart, Bitcoin's previous candlestick surged and closed positively, encountering resistance at $104,900, and retracing below the upper band of the Bollinger Bands. The Bollinger Bands are trending upwards, and the short-term moving averages are in a bullish arrangement, but the MACD volume bars are decreasing, the KDJ is turning down at the 100 level, and the VR indicator is consolidating, indicating a divergence between bulls and bears. On the 4-hour chart, after a surge in the early morning, two consecutive bearish candles broke the 7-day moving average, the Bollinger Bands are narrowing, and the moving averages are flattening. The MACD fast and slow lines are trending downwards at a high position with increasing volume bars, and the KDJ is crossing downwards again, indicating a strengthening bearish force. Overall, there is a need for a short-term retracement, and a recommendation to short on rebounds.
Short-term suggestions: Aggressive traders can short at 104,500, add to shorts at 106,600, with a stop-loss at 107,500 and a target of 101,800; conservative traders can attempt to go long at 101,800, with a stop-loss at 100,800.
Ethereum Technical Analysis and Strategy
Ethereum tested 2,600 and then retraced; the daily chart indicates a positive outlook for a retracement correction. This wave of $800 increase had no pullback, indicators are overbought, and in the short term, it is linked to Bitcoin, primarily focusing on shorting on rebounds. Short-term suggestions: Aggressive traders can short at 2,580, add to shorts at $2,678, with a stop-loss at 2,720, targeting first at 2,450, then at 2,288; conservative traders can go long at 2,288, with a stop-loss at 2,230. #ETH突破2500 #山寨季何时到来 #策略交易 #币安Alpha上新 Friends who have recently followed the strategy have seen overall high profits; for more real-time market analysis, you can follow the homepage introduction! I will announce specific targets in the community, with daily profitable strategies; if you want to go up 🚗, comment 88 below! $ETHFI $OM $SOL
Breaking News! On June 16, Brazil's largest exchange B3 enters the market with Ethereum and Solana futures, stirring up the crypto market again.
Brazil's securities regulator CVM has approved Brazil's stock exchange B3 (the largest exchange operator in Latin America) to launch Ethereum and Solana futures contracts on June 16, 2025. These contracts are settled in USD, with Ethereum futures at 0.25 units and Solana futures at 5 units, both linked to the Nasdaq index.
In addition, to enhance retail access and market liquidity, B3 will reduce the Bitcoin futures contract size from the original standard to 0.01 BTC. B3 launched Bitcoin futures priced in Brazilian Reais in April 2024, and this adjustment will further optimize market participation.
B3's product director Marcos Skistymas pointed out that SOL and ETH futures ETFs reflect investors' demand for exposure to smart and secure digital assets. B3 is committed to providing compliant products that align with blockchain innovation and global market needs.
Previously, B3 launched the first spot XRP ETF, with 95% of its assets related to the native Ripple coin. The newly launched Ethereum and Solana futures contracts are expected to attract institutional trading desks and seasoned individual traders seeking USD-denominated crypto exposure in South America's largest economy. Unlike offshore commodities, B3 contracts are listed on the exchange, supervised by CVM, and linked to reliable price sources, providing legal crypto derivatives options for Latin American investors. #ETH突破2500 #山寨季何时到来 #策略交易 $BTC $ETH $BNB
Bitcoin: On the daily chart, after the price rebounded at 93500, it has been fluctuating above the 7-day moving average. The Bollinger Bands are narrowing, and the upward momentum is weakening. The 4-hour level shows that the price is facing resistance at the upper band.
Key Levels: Support at 96000, strong support at 93000; resistance at 99000.
Trading Suggestions: Short around 97500, long around 96200.
Ethereum: The price is above the 7-day moving average but has not stabilized yet; pay attention to the resistance at 1900. Support levels at 1750, 1700.
Trading Suggestions: Short at 1860, long at 1770. #Pectra升级 #MEME法案 #交易故事 #最近的一笔交易 If you can't see the trend, going long will lead to a drop, and going short will lead to a rise! If you don't know how to choose strong cryptocurrencies!! Then you can only be harvested as a novice in this market!! You can follow my profile and pinned post for early discussions and analyses of the current market.
Why do you always incur losses? These analyses will help you after reading them!!
The daily chart of Bitcoin shows the previous candlestick forming a doji bearish candle. The market opened with a rebound, showing slight signs of opening in the Bollinger Bands, and the short-term moving averages are turning upwards. The MACD fast and slow lines are crossing upwards, and the volume bars are decreasing. KDJ is moving upwards, paying attention to the resistance near the 100 value of the VR indicator. It is consolidating around the 90 value. Looking at the 4-hour chart, it rebounded after a pullback to the trend line support in the early morning, breaking through the EMA200 and the middle line. Currently, it is again testing the middle line and the EMA200 range, with the Bollinger Bands slightly narrowing upwards. The MACD fast and slow lines are moving downwards with signs of turning around, and the volume bars are decreasing. KDJ is crossing upwards, with the VR indicator consolidating around the 120 value. Overall, the market continues to oscillate, with no breakout above the previous high and no breakdown below the trend line. Therefore, in the short term, it can be referenced within this range. If it breaks above or below, refer to the resistance below 90000 for the upper side and the support above 84000 for the lower side. Here are the short-term suggestions. Short-term suggestion for Bitcoin: Short near 88000 and Long near 86600! #BSC链热浪来袭 #美国加征关税 #WYST稳定币 #币安合约将上线JELLYJELLY If you can't see the trend clearly, going long will lead to a drop, and going short will lead to a rise! If you can't pick strong cryptocurrencies!! Then you can only be harvested as a leek in this market!! You can follow my profile and pinned posts to discuss and analyze the current market together! $SUI $TRUMP $ETH
Wow! How to turn losses into profits! These analyses you must master!!
Bitcoin Technical Analysis---- The daily chart of Bitcoin shows the previous candlestick closing in the green, standing above the 30-day moving average. It faced resistance around 88700 and retraced. The market opened with a pullback today, the Bollinger Bands are narrowing and flattening, while the short-term moving averages are forming support around the middle band and EMA200. The MACD fast and slow lines are crossing upwards with increasing volume, and KDJ shows signs of turning down again. The VR indicator is consolidating near the value of 80. In the 4-hour chart, the market has broken down through EMA200 with consecutive bearish candles, the Bollinger Bands are moving upwards in a slightly narrowing state, and the MACD fast and slow lines show signs of turning down with decreasing volume. KDJ is crossing downwards, and the VR indicator is consolidating near 140. Overall, after yesterday's rise, the market has entered a retracement adjustment. The short-term support below is around 85000; as long as this level holds, there are no issues with long positions above it, and I won't go into further specifics here. The previous high serves as a boundary; if broken, check for resistance below 90000. Recommendations for short-term trading. Bitcoin short-term recommendation: short at 87952 (short at 89700), current price long at 86400 (long at 85500) (activate strategies for profit at your discretion). Ethereum Technical Analysis---- Ethereum's technical aspect is synchronized with Bitcoin, just use it as a reference. As long as the 2000 mark below holds, we can look for long positions above it. The selling pressure from yesterday's article at 2058 can continue to be held; retreat if it breaks 2000. The previous high serves as a boundary; if broken, continue to look for resistance below 2200. Recommendations for short-term trading. Ethereum short-term recommendation: short at 2088 (short at 2158), current price long at 2055 (long at 2018) (activate strategies for profit at your discretion). #Dogecoin基金会启动DOGE储备 #币安投票上币 #币安理财收益竞技场 Recently, friends who have followed the strategy have had relatively high overall profits. For more real-time market analysis, please pay attention to the homepage introduction! I will announce specific targets in the community, with profitable strategies every day. If you want to follow the trades, leave a message '888' to join! $BTC $ETH $BNB
How to turn losses into profits!! These analyses you need to master!!
The price of Bitcoin has fluctuated between 84200 and 84500 recently, forming a narrow consolidation pattern. The daily chart shows that after a large bearish candle appeared on March 20, the market entered a correction phase, and is currently in a rebound process. The MACD on the 4-hour cycle shows negative values and is gradually converging, indicating that the upward momentum is weakening. The short-term EMA7 and mid-term EMA30 are crossing upwards, showing short-term upward momentum; however, the long-term EMA120 is still above the current price, indicating that the overall trend has not completely reversed. Pay attention to Bitcoin support at 83000 and Ethereum at 1930. It is recommended to buy at low positions today.
Operation suggestion: Buy Bitcoin around 83500 to 84000, with a target near 85500; buy Ethereum around 1970 to 2000, with a target near 2100. #巨鲸动向 #币安Alpha上新 #ETF关注 #美SEC加密圆桌会议 Recently, friends who have followed the strategy have had relatively high profits. For more real-time market analysis, you can pay attention to the homepage introduction! I will announce specific targets in the community, and there are profitable strategies every day. Comment 888 below to get on board!! $ORCA $LTC $USDC
Want to profit a million from ten thousand!! These analyses are essential!!
From the daily chart of Bitcoin, yesterday formed a solid green K-line, with the price touching the MA5/10-day moving averages. In the short term, there is a clear resistance level at the MA30-day moving average around 8.7; on the 4-hour chart, the short-term resistance level is at the MA120-day moving average, which is 8.5. If it cannot break and stabilize above this line during the day, it will return to a weak fluctuation. If it breaks and stabilizes, it will test the 8.7 resistance level upwards. In terms of operation, it is recommended to trade short first and then long.
From the daily chart of Ethereum, yesterday also formed a green K-line. The price is currently fluctuating above the MA5/10-day moving averages. As the fluctuations decrease, a clear resistance level forms at 2050 on the 4-hour level, while the support below focuses on the two positions at 1950/1920. The trend is relatively weak, and trading should still treat it as a weak fluctuation.
Operation strategy BTC: Short at 8.5, target at 8.35/8.3; Long at 8.3/8.2, target at 8.4/8.5. ETH: Light short at 2000, target at 1950/1920; consider going long at the two positions 1920/1900 below!
Friends who have recently followed the strategy have overall achieved high profits. For more real-time market analysis, please refer to the homepage introduction! I will announce specific targets in the community, and there are profitable strategies every day. Comment 888 below to get on board!! #币安投票下币 #美SEC澄清PoW挖矿监管立场 #币安投票上币 #特朗普数字资产峰会演讲 $ORCA $BTC $ETH
This wave of bulls and bears has made a big profit If it continues to fluctuate over the weekend Still primarily short, with long positions as a supplement! Short positions on Bitcoin in the 83500 to 84000 range, targeting 82000 to 80000, if it breaks, look at 78000, stop loss above 85500! Long positions can be entered around 80000, targeting 84000;
Short Ethereum at 1950-1980, targeting 1900-1850, if it breaks, look at 1800, stop loss above 2210, long positions can be entered around 1830, targeting 1920!
#美国数字资产储备 #交易机器人 #乌俄停火 #你看好哪一个山寨币ETF将通过? #跟单交易 If you still can't pick strong coins and can't see the trend clearly! Short positions go up, long positions go down. Click on my avatar, follow the profile information, come early, I Let’s discuss the fluctuations of the cryptocurrency market together $BTC $ETH $XRP
A principal of 100,000 aims to profit 1,000,000!! !! The following analysis is very important!!
————XRP Price Analysis: Short-term Rebound Potential and Trend Prediction————
Recently, XRP has initiated a new round of recovery above 2.120, and the current price is consolidating, with the potential to break through the key resistance level of 2.350.
————Rebound Trend Emerges————
After stabilizing above 2.120, XRP has started to rebound, currently maintaining above 2.20 and above the 100-hour SMA. On the hourly XRP/USD chart, an upward trend line connecting the support level of 2.25 is clear, and if it breaks through the 2.350 resistance, this currency pair is likely to continue rising.
————Price Growth Expectations————
Similar to Bitcoin and Ethereum, XRP has gained support and rebounded above 2.00, having broken through the resistance levels of 2.050, 2.120, and 2.250. However, it encountered strong bearish pressure at 2.350, with the price consolidating after reaching a peak of 2.348 and testing the 23.6% Fibonacci retracement level. When the price rises, there is resistance at 2.30, with 2.350 being the first major obstacle, and the resistance level of 2.450 should not be overlooked. A breakthrough at 2.450 could see the market rise above 2.50, with further increases potentially reaching 2.550 or even 2.650, and 2.80 will be the next challenge for bulls.
————Downward Risk Considerations————
If XRP cannot break through 2.350, the market may decline. The trend line and 2.250 support level are the first line of defense, with the next key support at 2.120 (50% Fibonacci retracement level). If the closing price falls below 2.120, the price may drop below 2.050, approaching 2.00, which is an important support area.
————Technical Indicator Interpretation————
The hourly MACD indicator shows that the MACD line for XRP/USD is rising in the positive range, indicating enhanced bullish momentum. The hourly RSI indicator is above 50, indicating the market is relatively strong. The current key support levels for the XRP market are 2.250 and 2.120, while the main resistance levels are 2.350 and 2.450. Investors should pay attention to price breakouts at key levels to grasp market trends and make informed investment decisions. #美国数字资产储备 #交易机器人 #乌俄停火 #跟单交易 If you can't see the trend, going long will drop, going short will rise! If you can't pick strong cryptocurrencies, good projects!! You can follow my profile and the pinned post on my homepage for early discussions and analysis of the current market trends. Avoid risks while making profits!! $TRUMP $PEPE $BNB
《Surprise! The XRP Price Roller Coaster, How to Achieve Steady Profits?》
————The Rebound Begins, Breakthrough is Key————
XRP rebounded from $1.90, with signals indicating a potential breakthrough of the $2.250 mark. Previously, it fell from $2.200, with the current price below $2.1850 and the 100-hour SMA. The hourly XRP/USD chart shows that the resistance of the short-term upward channel is near $2.250, and if this level is broken, the pair may rise. Earlier, XRP did not break through $2.20 and subsequently fell below the support levels of $2.120 and $2.050. The bears pushed it below $2.00, after which the price rebounded from the low of $1.90, breaking through the resistance at $1.980 and $2.00, also surpassing the 50% Fibonacci retracement level of the downward wave. However, the current price is still below $2.1850 and the 100-hour SMA, with resistance at $2.250 above.
————Many Resistances, Difficult to Rise————
$2.250 is the 76.4% Fibonacci retracement level of the downward wave, $2.350 is the first significant resistance, and the next resistance level is $2.420. If it breaks through $2.420, the price is expected to rise above $2.450, with further increases possibly reaching $2.50 or $2.550, and subsequent bulls may encounter resistance at $2.650.
————High Downward Risk, Pay Attention to Support Levels————
If XRP cannot break through $2.250, it is likely to fall again. $2.150 is the first downward support, and $2.120 is the key support. If the closing price is below $2.120, the price may be pushed below $2.050, with $2.00 being the next important support.
————Technical Indicators Show————
The hourly MACD for XRP/USD is falling into the negative zone, and the hourly RSI is above 50. Currently, the main support levels for XRP are $2.120 and $2.050, while the main resistance levels are $2.250 and $2.350. The market's bull-bear battle is complex, and the price trend of XRP is full of variables, requiring investors to pay close attention. #CPI数据来袭 #乌俄停火 #掌握市场 #SEC推迟多个现货ETF审批 Friends who recently followed the strategy have overall higher profits; for more real-time market analysis, you can check the homepage for details! I will announce specific targets in the community, with profitable strategies every day. If you want to go up 🚗, please comment 88 below! $PEPE $SUI $BTC
Ethereum price rebound is limited, how can we ensure profits!!
The price trend of Ethereum has attracted much attention, having broken below the key resistance level of $2000, and is currently in a consolidation phase with many challenges.
———— Breaking support, difficult rebound ————
Ethereum has once again broken below the $2000 support, with the current price below $1950 and the 100-hour moving average. The hourly ETH/USD chart shows a short-term bearish trend line, with resistance at $1890. To rise, it needs to break through $1890 and $1950. Ethereum has retreated from $2020, similar to Bitcoin, and after falling below the $2000 support, bears once broke through $1820. However, bulls fought back around $1750, with the price rebounding from the low of $1753, breaking through $1780 and $1850, and exceeding the 23.6% Fibonacci retracement level of the downward wave. However, it has now fallen below $1950 and the 100-hour moving average.
———— Significant resistance, many challenges to rise ————
The resistance above the price is at $1890, which coincides with the short-term trend line on the hourly chart. The next major resistance is at $1920, with the first major hurdle at $1950 (50% Fibonacci retracement level of the downward wave). Breaking through $1950 may lead to a rise above $2000, or even a short-term surge to $2120 or $2250.
———— Downside risks remain, beware of expanding losses ————
If it cannot break through $1890, the price may drop again. The initial support below is at $1845, with significant support at $1800. If it falls below $1800, the price may go to $1750, with further decline possibly to $1720, and the next support at $1650.
———— Technical indicators show ————
The ETH/USD hourly MACD shows weakening momentum in the negative zone, with RSI below 50. Currently, the main support level for Ethereum is $1800, and the main resistance level is $1890. The battle between bulls and bears is fierce, and the price trend has high uncertainty, requiring investors to closely monitor market dynamics. #CPI数据来袭 #乌俄停火 #掌握市场 #SEC推迟多个现货ETF审批 Friends who have recently followed the strategy have achieved higher overall profits. For more real-time market analysis, please pay attention to the homepage introduction! I will announce specific goals in the community, with profit strategies available every day. If you want to go up ↑🚗, comment 88 below to leave a message 88! $ETH $BTC $SOL
—— Dogecoin (DOGE) is under pressure and sliding into a bear market ——
Dogecoin has fallen below $0.1850 against the US dollar, testing $0.1450 before stabilizing around $0.1650. Previously, it faced resistance at $0.2000 and $0.1850, causing the price to decline, dipping below $0.1750 and the 100-hour SMA. In the DOGE/USD hourly chart, the negative trend line points to the resistance level at $0.1680, breaking above $0.1620 and $0.1680 or rebounding.
———— Downtrend Continues ————
After Bitcoin and Ethereum broke below $0.2000, Dogecoin also fell, losing support at $0.1850 and $0.1680, briefly breaking below $0.1620. After hitting a low of $0.1440, it consolidated and rebounded above $0.1500, with bulls breaking the 23.6% Fibonacci retracement level, but still below $0.1850 and the 100-hour SMA. $0.1620 (50% Fibonacci retracement level) and $0.1680 are upward resistance levels. The next major resistance is at $0.1720; if the closing price is above this, it could break $0.1850 and even push towards $0.2000, but bulls may pause around $0.2050.
———— Downward Risk Still Exists ————
If it cannot break above $0.1680, Dogecoin may fall again. $0.150 is the initial support, with significant support around $0.1450, and $0.1420 being the main support level. If it breaks below $0.1420, the price may quickly drop to $0.1350 or even $0.1250.
———— Technical Indicators Bearish ————
The DOGE/USD hourly MACD shows weakening momentum in the negative zone, and the hourly RSI is below 50. Key support levels are $0.1500 and $0.1450, with major resistance at $0.1680 and $0.1880. #币安Alpha上新 #美股大跌 #MtGox钱包动态 Friends who have recently followed the strategy have overall higher profits. For more real-time market analysis, you can check the homepage introduction! I will announce specific targets in the community, with profitable strategies every day. If you want to go up 🚗, comment 88 below!! $ARKM $BTC $ETH
——Ethereum price breaks below $2000 —— What will the subsequent trend be?
Ethereum failed to break through the $2120 resistance and lost support, currently stabilizing but facing key resistance at $2000. It has again fallen below the $2000 support, with prices below this level and the 100-hour moving average. The ETH/USD hourly chart shows a short-term downward channel, with $1880 as the resistance level; to rise, it needs to break through $1880 and $1950.
————Ethereum price decline trend appears————
Ethereum has fallen from $2120 like Bitcoin, entering a bear market after breaking below the $2000 support. Bears strongly broke through $1880, and after a low of $1753, the price rebounded, breaking through $1800 and $1820. Although it broke through the 23.6% Fibonacci retracement level from $2152 to $1753, it still fell below $2000 and the 100-hour moving average. During the rebound, $1880 is the resistance, and the next resistance is at $1950 (corresponding to the 50% Fibonacci retracement level). If it breaks above $2000, it is expected to rise above $2120; if it breaks $2120, it may rise to $2250 or even $2350.
————Will Ethereum drop again?————
If it cannot break through $1880, it is likely to decline again. $1800 is the first downward support, and $1750 is an important support. If it falls below $1750, it may drop to $1680; if the decline expands, it could fall below $1620, with the next support at $1550.
————Interpretation of Ethereum technical indicators————
The ETH/USD hourly MACD shows weakening momentum in the negative zone, and the hourly relative strength index is below 50. The main support level is $1750, and the main resistance level is $1880. #美股大跌 #MtGox钱包动态 #ETH巨鲸清算 #加密市场回调 Recently, friends who followed the strategy have achieved overall high profits; more real-time market analysis can be found in the homepage introduction! I will announce specific targets in the community, with profitable strategies available every day. Those who want to ↑🚗, please comment 88 below!! $BTC $RARE $TRUMP
All Shiba Inu Coin followers, pay attention!! The price of Shiba Inu Coin is plummeting, and the massive whale sell-off is the main culprit.
On-chain data shows that the primary reason for the decline in the price of Shiba Inu Coin (SHIB) is the sell-off by whales. Over the past week, as the overall cryptocurrency market has declined, SHIB's market value has shrunk, with earlier gains being relinquished and key support levels being impacted.
Data from IntoTheBlock indicates that the recent sell-off of SHIB by whales is astonishing. The net flow of large holders has decreased by -736.46% in 7 days and -125.06% in 30 days. At the beginning of March, the net flow blue tracker plummeted into negative values, indicating that whales are selling off in large quantities as prices drop, leading to increased selling pressure.
In the past 24 hours, addresses holding between 1 million and 10 million USD of SHIB saw a balance drop of 31.31%; addresses over 10 million USD saw a balance decrease of 27.99%. The market reacted quickly, with fear and pessimism spreading, and the Shiba Inu Coin fear and greed index dropping to the “fear” zone at 33/100.
The price of Shiba Inu Coin has plummeted by 61%, with trading volume dropping below 400 million USD. Historically, sell-offs by whales have often depressed its price. At the beginning of February, the net flow of large holders fell from 3.5 trillion to -792.8 billion in a single day, causing the SHIB price to crash to 0.00001286, which has now fallen below that level, as major investors sold off, leading to an additional 11% drop. The current trading price is 0.0000125, significantly lower than mid-last week. Continued whale sell-offs could drive the price down to its lowest level in more than a year.
Technical indicators show that the momentum of Shiba Inu Coin is weakening, with a daily Relative Strength Index (RSI) of 30, indicating that bears are still in control, and the cryptocurrency is nearing oversold territory. If you can't see the trend, going long will drop, and going short will rise! If you can't pick strong coins or good projects!! You can check my profile and pinned post for early insights; let's discuss and analyze the current market together to avoid risks while making profits!!