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Create a meme on DeFI #DeFiMeme to get your first Binance Square Creator Badge.#DeFiChallenge #DeFiMeme

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What’s Next for BTC Price?🧐 Bitcoin is currently riding a wave of strong bullish activity, targeting a stable position above the $85K mark. It briefly touched a peak of $85,309 before encountering resistance and slipping below $85K. Currently, bears are strongly defending a surge above 23.6% Fib channel. As of now, Bitcoin’s price trades at $84,593, marking a 5.3% increase over the last 24 hours. Looking ahead, the BTC/USDT trading pair is challenging a resistance area within $84,205 to $86,704. Increased buying efforts are anticipated to ward off any significant pullbacks. Should Bitcoin successfully breach the $90K threshold, it could potentially aim for a climb towards $95,000. Conversely, a failure to meet buyer interest near the $85K level might lead to a pullback, possibly dropping to a low of $79,974. However, the long/short ratio of Bitcoin has taken a sharp downturn, currently standing at 0.67. This indicates an increasing dominance by sellers, who are likely pushing for an immediate correction in the BTC price chart. At present, about 60% of traders anticipate a decline in the price.$BTC

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$19 Million Worth ENA Outflow

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Cardano (ADA) Technical Analysis and Upcoming Levels With the notable price drop, ADA has reached a crucial support level of $0.80. According to expert technical analysis, this support level was previously broken during the recent upside rally. Based on recent price action and historical patterns, if the asset holds this level, there is a strong possibility it could soar by 35% to reach $1.14. However, if the asset fails to hold this level, it could decline by 20% to $0.65 in the coming days. $110 Million Worth of ADA Outflow Despite market uncertainty, investors and long-term holders appear to be accumulating the token, according to on-chain analytics firm Coinglass. Data from spot inflow/outflow reveals that exchanges have witnessed an outflow of over $110 million worth of ADA tokens in the past 48 hours. When Combining these on-chain metrics with technical analysis it appears that bulls strongly accumulating the token for the long-term holders. $ADA

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BOOK OF MEME (BOME) Price Analysis The BOME price in the short term maintained a horizontal consolidation within a predetermined range. The sluggish behaviour drained out the bullish strength, resulting in a price drain below the support. Meanwhile, the token triggered a strong rebound after fighting the bearish heat, resulting in a notable rise from the local bottoms. The price is yet to enter the bullish range, which is believed to attract some buying pressure, much required for an ascending continuation. The short-term price action of BOME suggests the price has marked the local bottom and is preparing for a strong recovery. The stochastic RSI has triggered a bullish divergence while the MACD shows a drop in the selling volume. Moreover, the levels are about to undergo a bullish crossover, which could validate a rise above the bearish influence. Therefore, the BOME price is believed to enter the horizontal consolidation and reclaim the lost levels around $0.0021. $BOME

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Shiba Inu (SHIB) Price Analysis Shiba Inu price is trying to validate a rebound before reaching the February low close, which has instigated the bullish momentum. The bulls are offering great support as the pressure piles up from the bottom. With this, the SHIB price is now believed to reclaim the pivotal support-turned-resistance at $0.000015, which could revive a strong recovery to the upper targets. The SHIB price has rebounded but continues to trade within a falling wedge, forming constant lower highs and lows. However, the price appears to have reached the edge of the consolidation and one fine upswing to the resistance, which collides with a crucial barrier around $0.000016, may revamp a strong ascending trend towards the immediate target at $0.00002. The CMF has displayed a bullish divergence, while the RSI is stuck below the descending trend line. As volume is low, the price is believed to maintain a sluggish upswing and consume more time to reach the resistance. $SHIB

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