#POLYXUSDT POLYX looks bearish trend wise📉 All major EMAs | Mr_Tycoon23 on Binance Square

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Bullish

#POLYXUSDT
POLYX looks bearish trend wise📉
All major EMAs are too in  downtrend📉📉
$0.2626 is an important level to break up/ break down.👾📈
$POLYX 

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Sui price triggered a huge upswing in the past couple of days, which helped the token form a new ATH at $4.86 Besides, the platform is working to offer real-world use cases with SUI as the medium of exchange, which is expected to have a massive impact on its price. Since the markets recovered after gaining some momentum in recent days, altcoins have gained significant traction. In the meantime, the SUI price attracted a huge buying volume as the trading volume surged by above $3.6 billion. As a result, the price led an impressive 35% rise since the last trading day and smashed a new ATH at $4.86. After achieving fresh highs, the token does not appear to halt its rising trend, as the bulls are eyeing much higher targets well above $5 or $6. $SUI #BTCReclaims101K

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Ripple transferred billions in XRP for just $0.0013, showcasing XRPL’s cost efficiency. Ripple reduces XRPL account creation fees by 90% to boost accessibility for new users. XRPL average transaction cost of $0.005145 beats Bitcoin's $3.50 and Ethereum's $1.48 fees. Ripple, a blockchain-based digital payment network has recently completed a huge transfer of XRP, worth about $915 million, with an incredibly low transaction fee of just 0.0005 XRP. This highlights one of the biggest advantages of the XRP Ledger (XRPL)—its ultra-low fees. Such cost-effective transactions are becoming a key reason why XRP is gaining more attention in the crypto world. *XRPL’s Low Fee Impact On XRP’s Price* The XRP Ledger’s extremely low fees could play a big role in increasing XRP’s value. As more people use XRP for quick and cheap transactions, demand for the coin could rise. This growing interest could push the price of XRP higher in the long term, especially as more businesses and users realize the benefits of using XRPL over other networks with higher costs. With XRP’s value already up 7% in the last 24 hours, it seems like these low fees are helping drive interest and demand. The clarity on regulatory issues has relieved XRP investors, but broader market sentiments will still influence the asset. A key moment could push XRP past $2.40, boosting its chances of reaching $3.12. However, if the price drops below $1.68, it might indicate a prolonged decline. Recent data from Santiment highlights that XRP’s market cap surged by ~83% in the past 7 days, and social media discussions about the project are at their highest since January. $XRP #MarketMajorComeback

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Eigen Layer (EIGEN) is quickly becoming one of the most intriguing cryptocurrencies on the market. With 99% of its investors currently in profit, it’s clear that EIGEN has captured attention for all the right reasons. Recently, a mysterious crypto whale made headlines by purchasing $7.25 million worth of EIGEN, sparking speculation about whether this is just the beginning of a major price rally What makes this more fascinating is that EIGEN’s price has shown noticeable volatility in recent days. Let’s dive into the latest trends, technical patterns, and community sentiment to understand better. EIGEN’s Recent Market Movements EIGEN’s price has been making headlines with its recent ups and downs. The token recently peaked at its all-time high (ATH) of $5.06, just two days ago, but has since fallen 8.69% from that high. Despite the recent decline, trading volume has surged 41.15%, reaching $290.06 million, indicating strong investor interest. Current Investor Sentiment 99% of EIGEN holders are still in profit, while only 1% are at breakeven. Earlier this week, EIGEN dipped 1%, hitting a low of $4.44, before recovering slightly to $4.60, up 0.71% for the day. While these price fluctuations are common, the whale’s recent purchase suggests that long-term investor confidence remains strong. Could this purchase indicate a bullish shift for the token? Technical Analysis: What the Charts Are Telling Us Looking at technical indicators, things are a bit mixed for EIGEN. From a technical standpoint, EIGEN has been moving in an upward parallel channel since November 21—a pattern that typically signals bullish momentum. However, recent price action has shown some hurdles. After reaching its ATH, EIGEN faced rejection and fell back toward the median level of the upward channel for support. Key Technical Indicators to Watch: The 20-day moving average (MA20) is currently above the token’s price, suggesting there is no immediate support if the price drops further. $EIGEN #BinanceHODLerMOVE

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*Bitcoin Displaying a Bearish Divergence Is This a Matter of Concern for the BTC Price Rally?* Ever since the Bitcoin price smashed a new ATH above $104K, the token has been failing to sustain the gains. The star token has been constantly testing the highs above $100K but is closing the day’s trade below the range. This could have raised the uncertainty over the token and, as a result, the selling pressure has been rising since the early trading hours. A leading indicator has just turned bearish and a continuation towards the lower targets may delay the bullish continuation for a while. The recent price action suggests a drop in the bullish strength as the buying volume also fades. Does this indicate the end of the Bitcoin bull run is close enough? Is the token in the last phase of the bullish cycle? The BTC price has been trading sideways over the past few days and is unable to sustain the price above the pivotal range. After a breakout from the range, the price is testing the resistance-turned-support zone. While the possibility of a rebound after the ongoing retracement is pretty high, but only be if the token sustains above one of the pivotal support zones. With a drop in the volume from the highs above $150 billion, the token’s volatility has also declined to a large extent. Besides, the bands of Bollinger are going parallel with each other, suggesting the price to maintain a sluggish behaviour for some more time as the altcoins are surging with a rise in their dominance. Secondly, the RSI has displayed a bearish divergence, which validates the bearish trajectory. The short-term price action suggests a drop as the momentum forms lower highs while the price forms higher highs. Hence, even if the markets rally sideways for days or while being within the overbought zone, the caution of the local correction remains high. Therefore, the BTC price is feared to drop below the zone as the upward pressure escalates. Meanwhile, some on-chain readings support the bullish narrative, hinting towards a rebound shortly. $BTC #BinanceHODLerMOVE

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Baby Doge Coin surges over 75% following Elon Musk’s cryptic tweet Baby Doge Coin surged over 75% after Elon Musk posted a black-and-white Godfather-inspired tweet. While Bitcoin has shown volatility recently following its push to a new all-time high of $103,900, Baby Doge Coin (BABYDOGE) has outpaced the market conditions. The price of BABYDOGE has pumped from a 24-hour low of $0.0000000002443 to as high as $0.0000000004448 following Musk’s tweet. Following the tweet, the price of DOGE jumped over 4%, and BABYDOGE rose by over 75%. BABYDOGE also recently renounced their token contract on Solana . The meme coin, which was initially launched on the BNB Chain, has now also expanded to the Solana network. In late November, Binance had also announced a new spot listing for BABYDOGE. The recent surge of BABYDOGE amidst the volatile market conditions could primarily be attributed to Musk’s tweet alongside the overall developments by their team. #BURNGMT

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