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At this point we are already above this long channel (not for the first time). We need to close this week above it (67k) to confirm the breakout. Confirmed breakout = 🚀🚀
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🐋 A Whale’s $13.8 Million Ethereum Purchase In the world of cryptocurrency, whale movements can significantly influence market dynamics. A major player in the Ethereum (ETH) market made waves today by acquiring a substantial amount of ETH worth $13.8 million. According to recent reports, this whale took several strategic steps to amass 7,074 ETH through a series of transactions that involved OKX and Aave platforms. In this article, we will delve into the details of this transaction and explore what it could mean for Ethereum and the broader crypto market. 💬 A whale bought 7,074 ETH ($13.8M) today! The whale withdrew 4,511 ETH ($8.81M) from OKX 3 hours ago and deposited it into #Aave.Then he borrowed 5M $USDT from #Aave and deposited it into OKX to buy another 2,563 #ETH ($5M) — Lookonchain (@lookonchain) March 21, 2025 According to Lookonchain, The whale’s first significant move occurred three hours ago when they withdrew 4,511 ETH (valued at approximately $8.81 million) from the OKX exchange. This was a notable transfer, as large withdrawals like this can often be seen as signs of strategic accumulation or preparations for significant market actions. After withdrawing the ETH, the whale immediately deposited the assets into Aave, a decentralized finance (DeFi) platform known for its lending and borrowing features. Once the ETH was securely in Aave, the whale took another decisive step by borrowing 5 million USDT from the platform. Aave allows users to leverage their assets to borrow funds, and this transaction was no different. The borrowed USDT was then sent back to the OKX exchange. The purpose of this movement became clearer as the whale proceeded to use these borrowed funds to buy another 2,563 ETH (worth $5 million). #ETH #Ethereum
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🇺🇸 Here's Why the SEC Hasn't Released a Formal Statement Rejecting Ripple's Case Yet Eleanor Terrett, host of the Crypto America podcast, explains why the SEC has yet to issue a formal statement denying Ripple's appeal. In response, Terrett suggested that while the SEC agreed to reject Ripple's appeal, it should approve the decision internally before making any public statements. #XRP #SEC #Ripple
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📊 Ethereum is being withdrawn from exchanges. ETH on exchanges hits lowest since 2015, Santiment data shows🔽 This is a good sign as potential selling pressure is easing and investors are holding their tokens. #ETH #Ethereum
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🔵 Chainlink Price Prediction: Can $LINK Reach $50? Chainlink (LINK) has been one of the most resilient cryptocurrencies in the market, showing strong potential despite broader market volatility. At the time of writing, LINK price is trading at $14.21, reflecting a slight downward movement of -2.82%. Investors are eyeing a potential surge toward the $50 mark, but key technical indicators suggest a critical period of consolidation before any major breakout. 🔸 Chainlink Price Prediction: What Do the Technical Indicators Say? The RSI currently stands at 42.83, which indicates that Chainlink price is neither overbought nor oversold. Typically, an RSI reading below 30 signals an oversold condition, while above 70 suggests overbought levels. This neutral zone suggests that there is still room for upside movement if buying pressure increases. 🔸 MACD Shows Weak Bullish Momentum The MACD (Moving Average Convergence Divergence) is currently at 0.24, with the signal line at -1.06. This slight bullish divergence suggests that LINK price could be forming a bottoming pattern, but it still lacks strong momentum to push toward higher resistance levels. A confirmed crossover above the signal line could indicate an upward push. 🔸 Key Support and Resistance Levels to Watch Immediate Support: $14.00 – This level has acted as a strong accumulation zone, and if Chainlink price maintains above it, an upward rally could be possible. Major Resistance: $16.50 – A breakout above this resistance level could pave the way for a rapid climb toward $20. Psychological Resistance: $50 – Achieving this level would require significant institutional buying and a strong market sentiment shift. 🔸 Chainlink Price Prediction: Can LINK Realistically Hit $50? For Chainlink price to reach $50, it would need a 252% increase from its current price. This is not impossible, but it requires several key catalysts: Increased Network Adoption: As Chainlink expands its partnerships and on-chain utility, investor demand could skyrocket. #LINK #Chainlink
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📣 Solana Targets $200 As Market Witnesses First $SOL Futures ETF Solana is trading at $133.55 and has increased 5.75% over the past 24 hours, with a high of $136.08 and a low of $132.81. With a market capitalization of nearly $68.12 billion, SOL is in the top 5 cryptocurrencies despite experiencing a 54% fall from its all-time high of $285. The sentiment on SOL in the market is still positive as the token consolidates in a symmetrical triangle formation. Recent price action indicates that traders are paying close attention to the $134 level. 🔸 #SOL Price Analysis The 4-hour chart clearly indicates SOL has been creating a symmetrical triangle pattern since early March, which reflects a consolidation period after falling from well over $200. The present price action indicates SOL testing the upper edge of this triangle around $134, with volume diminishing as the pattern matures, indicating a forthcoming breakout decision. Major resistance points are set at $137.87 and $149.65 with near-term resistance at the top trendline. Intraday support is at the lower trendline with further support at $125.94 and more substantial support at $113.16 in case of increased bear pressure. The pivot points on the chart indicate SOL currently ranging between S1 ($125.94) and R1 ($137.87), with the key $134 level being a make-or-break decision point. The placement of pivot levels also suggests several resistance hurdles in front, with R3 at $162.58 being a key barrier to any extended rally. 🔸 SOL Price Targets If SOL crosses over the downtrend line at around $134-135, the initial target would be R1 at $137.87 and then R2 at $149.65. If the move over this level persists, it would target R3 at $162.58. The triangle’s height of around $30-35 over the chart at the point of the breakout may provide a technical target of around $165-170 for an upward breakout or $100-105 for a downward breakdown.
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