On May 18, the price of ETH rose, increasing by more than 2.5% in the past 24 hours, with a trading price of $2,536.
The price of Ethereum rose more than 4.5% from a low of $2,440 the previous day to an intraday high of $2,551. This rebound has strengthened market optimism, suggesting that the price of ETH could reach $3,000 in May due to strong technicals.
On May 19, in addition to the sharp decline in Ethereum, the cryptocurrency market also experienced massive liquidations. Over $158 million in leveraged positions were liquidated in the past 24 hours, with $95 million being long positions.
The total liquidation amount for Ethereum short positions reached $22.25 million, with $7.5 million evaporating in just the past hour. The recent decline in Ethereum is a technical pullback aimed at retesting key support levels before continuing to rise, targeting $3,000 and above.
The Ethereum price bull flag pattern is still in play. From a technical perspective, the ETH price remains above a bull flag pattern on the four-hour timeframe, which is a bullish signal formed after a significant price increase followed by consolidation in a downward range.
On May 13, when the price broke above the upward trend line at $2,550, the bull flag was confirmed. Currently, Ethereum is retesting the upper boundary of the flag, which is currently at $2,470, forming a direct support level.
If the daily chart closes above this level, Ethereum may resume its upward trend, moving towards the technical target of the bull flag at $3,720, a 50% increase from the current price.
Air Coin Scam: How Many Times Have You Been Scammed?
Air coins are the most common yet hardest traps to avoid in the cryptocurrency world. They have no technology, no team, no application scenarios; the only thing they possess is an excessively packaged 'narrative' and false price increases.
Many people, when they first enter the space, see project white papers that are written in an extravagant manner, KOLs in the group taking turns to promote, and even being listed on exchanges, thinking theyāve struck gold. But after just a few days, the project team disappears with the funds, and the community is left empty overnight, realizing that the so-called 'new opportunity' was actually a carefully designed harvesting scheme.
The essence of air coins is the use of information asymmetry and human greed. The project team spins a tale of the future, retail investors buy into the fantasy, and in the end, only the transaction records on the blockchain remain, reminding you that youāve paid the 'intelligence tax.'
Almost every veteran in the cryptocurrency world has fallen victim to air coins. Itās not shameful to be scammed once; whatās truly frightening is the unwillingness to reflect and grow. You must learn to recognize tricks and distinguish between true and false, rather than being led by the nose by the words 'hundredfold potential.'
In the cryptocurrency world, faith can exist, but fantasies should not be abundant. Stop paying for air; your money should flow toward projects that truly create value.
13 times return on shares? How to hedge? Expected earnings?
Everyone guesses that Huma is a big player, so the deposit limits have quickly run out several times, but there is still an arbitrage opportunity now!
⤠The following information comes from Jup DAO and Huma's announcement:
1) 1% of the total supply of Huma tokens is allocated for presale to $JUP stakers;
2) Huma token has a $75M FDV;
3) Voting time is four days: May 18 - May 22;
⤠Additional information:
0) The unlocking time for staked JUP is 30 days;
1) According to the pre-market price of Huma, FDV is 1B;
2) 1B / 75M = 13.33, which means that after $JUP stakers participate in the presale, it is estimated they can get a 13 times return;
⤠Logical analysis:
0) Stake JUP to participate in the vote (it seems like there may be participation without voting as well);
1) If you donāt have JUP, you can obtain it through lending or contract hedging and stake it.
2) Borrow JUP at a 10% interest rate;
3) Voting time is 4 days, and everyone speculates that the TGE will likely be in June, so the time cost may only be 11 days plus the 30 days of unlocking, a total of 41 days;
4) The actual interest to be paid over 41 days is 10% / 365 * 41 = 1.12%;
5) You will only incur a loss if the allocated amount is below 1.12% / 13 = 0.086% of the staked amount;
Note: 13 times is just an estimate, but Huma's market sentiment and pre-market situation are quite good;
Remarks: The core protocols are jup_dao and humafinance;
Operation: Use idle assets to borrow JUP, withdraw to your wallet, stake it in Jup DAO, and finally participate in the vote while waiting for subsequent allocation! ______________________
š Welfare Alliance: The Pizza š Festival is approaching, new user classroom Binance Square & Simey Lightning Chat Room, lottery šļø red packets š§§ are continuously distributed! Now enter the Simey Lightning Chat Room below š to participate in this week's š random draw of 10 people to share 100U and 50U password red packets š§§ big battle activity ā¼ļø
After entering the chat room above āļø, you can participate in the Lightning Community activity on May 21st at 20:00. The rules for participating in this event will be announced in both chat rooms, and other subsequent community šļø activities will also be announced. There are many benefits, so friends hurry up and join our chat room!
Current price is $0.21, recent trends show it has entered a high demand area and broken through a short-term bearish structure, creating a higher high, indicating a short-term bullish outlook.
Here is the analysis of the current situation:
Technical Analysis: After Dogecoin reached the demand area, buyers actively intervened, breaking through the short-term bearish structure and forming a higher high, sweeping away weak hands, leading to a price reversal upwards.
Daily Low Support: Data shows that the probability of the current daily low being retested or broken is only 16.5%, supporting a bullish expectation.
Probability of Daily New High: Historical data indicates that Dogecoin has an 88.6% probability of reaching a daily new high under similar circumstances, suggesting a high likelihood of a short-term rebound.
Resistance Level: The $0.235-$0.24 range is a key resistance, where Dogecoin has faced multiple obstacles before. Until it breaks through, the overall market structure remains neutrally bearish.
Risks and Outlook: Bullish Scenario: If it breaks through the $0.235-$0.24 resistance, Dogecoin may rise further, with a short-term target of $0.30 and a long-term target of $0.95.
Bearish Risk: If it fails to break through the resistance, the price may retreat to the $0.18-$0.20 demand area.
Market Structure: The overall trend remains neutrally bearish, caution is advised before breaking higher resistance levels.
Recommendations:
Short-Term: Focus on the breakthrough of the $0.235-$0.24 resistance; consider going long after the breakout, with a stop loss set below $0.20.
Long-Term: If the breakout is confirmed, hold until the $0.95 target, gradually taking profits.
Risk Management: Closely monitor trading volume and reactions at resistance levels to avoid blindly chasing prices.
ā ļø Warning: Entry point may soon be history...
While the masses chase green candles, XRP is quietly rewriting the rulebook. Not just a coin itās infrastructure for the future of finance.
Hereās what theyāre missing:
š¼ Backed by banks, not memes āļø Solving trillion-dollar cross-border friction āļø Legal clarity in a regulatory storm āļø Built for real utility, not just hype āļø SEC case? Resolved. š± š Global adoption? Growing.š± ā³ Supply? Limited.š± ā” Speed & cost? Unmatched.š±
This isnāt another moonshot. Itās a quiet revolution, and revolutions donāt wait. Soon, the price may rise... but is the opportunity gone?
As institutions eye XRP for utility, not just hype, retail investors may find themselves priced out of the party soon. The clock is ticking... Are you in before the breakout? XRP is not just next. XRP is inevitable.
If this lit a spark in your crypto heart... Please tap that like button & share the vibes! Letās spread the XRP love like itās going cross-border fast, frictionless, and full of purpose!
Your support fuels the crypto revolution. Letās rise together one share at a time!
Disclaimer: This post is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are subject to market risk. Always do your own research or consult with a licensed financial advisor before making investment decisions.
There are active days in the $PI coin. $PI, which has been at $0.5 levels for a long time, increased by 3x and reached $1.5. $PI investors made big profits. Then there was a pullback to $0.6. Now there is an increase again. $PI price has risen above $0.7. There is a big community in $PI. There is a lot of interest. With this interest, $PI coin continues to stand out. The largest exchange listing in PI has not yet arrived. If Binance listing comes, we will see sharp increases. This listing will definitely come. If you make your plans well, you will be the winner...
š Welfare Alliance: Pizzaš Festival is coming, Binance Square & Simey Lightning Chat Room, lucky drawšļø red envelopesš§§ are constantly being distributed! Enter the šSimey Lightning Chat Room below now to participate in this week'sš random draw of 10 people to share 100U and 50U password red envelopesš§§ big battle event ā¼ ļø
After entering the āļø chat room above, you can participate in the Lightning Community event at 20:00 on May 21st. At that time, the rules for participating in this event will be announced in the two chat rooms, and other subsequent communityšļø activities will also be announced. There are many benefits, so join our chat room quickly!
The market psychology has changed drastically in just 5 weeks
The Fear & Greed Index - a measure of investor sentiment in the traditional financial market developed by CNN, has just recorded a strong reversal:
- From April 4ā7: The index hit a historical low of 23/100 - entering the Extreme Fear zone
- By May 18: The index surged to 74/100 - just 1 point away from the Extreme Greed zone š„¶š„¶š„¶
The Fear and Greed Index ranges from 0 to 100: ⢠0ā24: Extreme Fear ⢠25ā49: Fear ⢠50ā74: Greed ⢠75ā100: Extreme Greed ⢠Meaning: ⢠Extreme Fear may indicate that the market is oversold, creating a buying opportunity. ⢠Extreme Greed may signal that the market is overvalued, likely leading to a correction.
Crypto God of Wealth
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