📉 ZRC/USDT – Falling Wedge Breakout in Progress! 🚀
The hourly chart for ZRC/USDT highlights a Falling Wedge pattern, a bullish reversal setup. The price is breaking out of this structure, signaling potential upside momentum.
💰 CMP: $0.06849 (+6.58%)
📊 Key Technical Observations: •Falling Wedge Pattern: •Price has been forming lower highs and lower lows since mid-December. •Breakout above the upper trendline suggests a potential reversal and upward movement. •Volume: Increasing during the breakout, supporting the bullish case.
🔮 Possible Scenarios: •Bullish Case: A confirmed breakout could lead to a rally toward $0.090–$0.100, aligning with the wedge’s height projection. •Bearish Case: Failure to sustain above $0.065 could lead to further consolidation or downside.
🛠 Tools Used: •Chart pattern analysis and the Fortune AI Indicator for breakout confirmation.
🚨 Strategy Suggestions: •For Traders: Look for confirmation of the breakout with strong volume. Consider placing stop-loss orders near $0.060 to manage risk.
⚡️ Will ZRC/USDT achieve its breakout target? Let us know your thoughts below! 👇
I see that the project has been implemented for a while, with a mainnet cap of 100 million. Tokens are locked until December 2025, and there will be some changes in this Q1. I also see potential. #usual also x3-5 if bought at a good price.
Cryptor Trap
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$,USUAL invested @Binance Labs is currently a scam there
Can you comment on ZRC token and zircuit project potential?
_Wendy
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Latam Insights Encore: El Salvador’s Bitcoin Bragging Signals a Point of No Return
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is now placing its Bitcoin-focused policy front and center in its international engagements, suggesting that there may be no turning back.
Latam Insights Encore: Bragging Means There Is No Turning Back in El Salvador’s Bitcoin Entanglement El Salvador, which became one of the first nation-states to embrace bitcoin almost completely as part of its economic policy, seems to have reached a point of no return when it comes to promoting bitcoin as part of its ethos. Vice President Felix Ulloa presented El Salvador’s bitcoin reserves and policies as a substantial success for the country at a recent meeting with Chinese Ambassador Zhang Yanhui. In particular, he boasted about the bitcoin reserve incubated by El Salvador, which accounts for over 6,000 BTC. Presenting this fact and placing these bitcoin-friendly policies front and center in such an important international encounter can only mean one thing: El Salvador’s involvement with bitcoin has reached a point of no return that cannot be reversed unless a black swan event occurs. Many were cautious about President Bukele’s moves and the deal brokered to support the local economy with a $1.4 billion credit line from the International Monetary Fund (IMF), one of the largest bitcoin critics. However, while we still don’t know the fine print of this deal, while it was announced to disrupt the nation’s bitcoin operations, this has still not materialized and is unlikely to do so in the short term. Barring a regime change, which seems unlikely given that Bukele has close to 90% of the public support, it feels like El Salvador will be entangled with its bitcoin policies for quite some time. And while the country might sacrifice minor bitcoin-linked endeavors to appease the IMF, the core of IRS bitcoin policies, including its bitcoin reserve strategy, will remain in place, at least in the medium term. #binance #wendy #bitcoin $BTC
After the above tweet, the market corrected and half a billion USD was liquidated on exchanges. The reason may come from the ETF capital flow into Bitcoin and Ethereum both weakening.
Another reason is believed to be due to the surge in the 10-year bond yield in the United States. Since the FED began cutting interest rates in September 2024, the bond yield has not decreased but has increased by more than 1.1%. The last time this happened was in 1998, just before the Dotcom bubble burst.
History shows that after the FED lowers interest rates, the 10-year bond yield mostly declines. Current data reflects that the market is not trusting the FED, especially in the context of rising inflation and interest rates still being kept high.