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tuNNCay
@tuNNCay
Binance Live Streamer, Crypto Analyst, Gamer #GameFi #BinanceLive
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Midle: Redefining Web3 Marketing with Authentic Engagement
Midle is changing the game in Web3 marketing by making user interaction genuine and rewarding. It's a platform where users complete tasks on social media and blockchain networks to earn rewards, while brands get real engagement from their audience.
Partnerships and Tech Advancements
Recently, Midle teamed up with Taiko Labs for an exciting campaign on the Katla Testnet network. With a massive reward of 500K Midle Points, this collaboration shows how Midle embraces new tech and partnerships to benefit users.
Midle also launched AI support to tackle bot activity. This smart tool spots suspicious behavior and predicts user engagement, making the platform safer and more reliable for everyone.
Grants and Investments
Thanks to grants from BNBChain, Nibiru Chain, CovalentHQ and Plena Finance, Midle is growing stronger. These partnerships bring funds for new features and expansions. And with Castrum Capital leading investments, Midle's future looks bright.
Tackling Industry Challenges
Midle fights against bot-driven engagement and poor targeting in Web3 marketing. By using AI and strict rules, Midle ensures fairness and authenticity, setting a new standard for the industry.
Unique Features and Goals
Midle stands out with its anti-bot measures and automated campaign tools, making marketing easier for brands. Plus, plans for a utility token and user segmentation will bring even more benefits for users and brands alike.
As Midle grows and evolves, it stays true to its mission: making Web3 marketing real, simple, and rewarding for everyone.
Join Us On Binance Live 🔗
Midle is now with me on my Binance Live channel. This collaboration not only expands Midle’s reach, but also underlines Midle’s commitment to promoting meaningful marketing experience in the crypto space. Join us for an engaging flow as you explore the future of Web3 marketing and the transformative potential of original user engagement.
#Midle #web3crypt#web3
Partnerships and Tech Advancements
Recently, Midle teamed up with Taiko Labs for an exciting campaign on the Katla Testnet network. With a massive reward of 500K Midle Points, this collaboration shows how Midle embraces new tech and partnerships to benefit users.
Midle also launched AI support to tackle bot activity. This smart tool spots suspicious behavior and predicts user engagement, making the platform safer and more reliable for everyone.
Grants and Investments
Thanks to grants from BNBChain, Nibiru Chain, CovalentHQ and Plena Finance, Midle is growing stronger. These partnerships bring funds for new features and expansions. And with Castrum Capital leading investments, Midle's future looks bright.
Tackling Industry Challenges
Midle fights against bot-driven engagement and poor targeting in Web3 marketing. By using AI and strict rules, Midle ensures fairness and authenticity, setting a new standard for the industry.
Unique Features and Goals
Midle stands out with its anti-bot measures and automated campaign tools, making marketing easier for brands. Plus, plans for a utility token and user segmentation will bring even more benefits for users and brands alike.
As Midle grows and evolves, it stays true to its mission: making Web3 marketing real, simple, and rewarding for everyone.
Join Us On Binance Live 🔗
Midle is now with me on my Binance Live channel. This collaboration not only expands Midle’s reach, but also underlines Midle’s commitment to promoting meaningful marketing experience in the crypto space. Join us for an engaging flow as you explore the future of Web3 marketing and the transformative potential of original user engagement.
#Midle #web3crypt#web3
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This Step Will Trigger BNB Rise: Revolutionary Decision for BNB Chain 🚀
The BNB Chain team said it would enable the native liquid staking service on BSC as part of the transition to transfer BNB Beacon Chain's functions to the Binance Smart Chain (BSC) network. BNB Chain announced in the announcement it shared on the subject that BNB Beacon Chain will be completely closed by June 2024. However, the team also reported that it would transfer their services to BSC before closing.
Remarkable Step from BNB Team
BNB Chain said it would allow ecosystem participants to secure the network while maintaining asset liquidity by enabling liquid staking service at BSC. While the organization does not give a specific date for the introduction of the liquid staking service, the BNB Chain team said the step will take place in April or May.
The BNB Chain core development team said the transition to BSC on the issue was an attempt to facilitate the organization's network, and the announcement said: 'The application is aligned with the end of the BNB Chain Fusion process, streamlining the network, increasing efficiency, reducing security risks and meeting current technological demands.'
The team explained that when BNB holders stake their tokens in the liquidity pool, they will be able to receive liquidity provider tokens that they can use for many activities within the ecosystem.
$BNB #BNBChain⚡️ #BNBCHAINSUNSET #BullorBear
The BNB Chain team said it would enable the native liquid staking service on BSC as part of the transition to transfer BNB Beacon Chain's functions to the Binance Smart Chain (BSC) network. BNB Chain announced in the announcement it shared on the subject that BNB Beacon Chain will be completely closed by June 2024. However, the team also reported that it would transfer their services to BSC before closing.
Remarkable Step from BNB Team
BNB Chain said it would allow ecosystem participants to secure the network while maintaining asset liquidity by enabling liquid staking service at BSC. While the organization does not give a specific date for the introduction of the liquid staking service, the BNB Chain team said the step will take place in April or May.
The BNB Chain core development team said the transition to BSC on the issue was an attempt to facilitate the organization's network, and the announcement said: 'The application is aligned with the end of the BNB Chain Fusion process, streamlining the network, increasing efficiency, reducing security risks and meeting current technological demands.'
The team explained that when BNB holders stake their tokens in the liquidity pool, they will be able to receive liquidity provider tokens that they can use for many activities within the ecosystem.
$BNB #BNBChain⚡️ #BNBCHAINSUNSET #BullorBear
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Pepe Struggling to Break Above Resistance, Will Bears Let a Price Rise Above $0.000008? 🤔
The current trade set-up suggests, that the PEPE price is trying hard to break above the resistance after bouncing from the lower border of the bullish pattern. Presently, the price is testing the upper resistance of the channel and a breakout beyond the range may invite fresh buying opportunities for the token. On the other hand, the bears are trying hard to restrict the rally within the pattern, which raises the chances of forming another lower high.
Will the bulls be trapped at $0.00000682 or a breakout above $0.000007 is on the horizon?
Ever since the price triggered a breakout above the $0.000001 range and marked the highs above $0.00001, the traders have been vigilant and appear to be closely observing the market trend. The fluctuating volume and the rally sustained within a descending channel substantiate the claim. The market participants appear to have become bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, suggesting the availability of liquidity on the platform.
This suggests the buy-sell-trade may be executed with ease, which may keep up the volatility of the token to a large extent. The price is facing some bearish pressure at the moment, due to which a minor pullback appears to be on the horizon. Hence, a plunge below $0.000006 could be on its way if the bulls fail to break above the upper resistance. Until and unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains pretty high.
Therefore, the next few days could be pretty important for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, otherwise, a rise beyond $0.00000930 is imminent.
$PEPE #Memecoins #PepeToRunTheBull #priceanalysis #PEPE
The current trade set-up suggests, that the PEPE price is trying hard to break above the resistance after bouncing from the lower border of the bullish pattern. Presently, the price is testing the upper resistance of the channel and a breakout beyond the range may invite fresh buying opportunities for the token. On the other hand, the bears are trying hard to restrict the rally within the pattern, which raises the chances of forming another lower high.
Will the bulls be trapped at $0.00000682 or a breakout above $0.000007 is on the horizon?
Ever since the price triggered a breakout above the $0.000001 range and marked the highs above $0.00001, the traders have been vigilant and appear to be closely observing the market trend. The fluctuating volume and the rally sustained within a descending channel substantiate the claim. The market participants appear to have become bearish on Pepe as the Ichimoku cloud turns red and the OBV maintains a fresh bullish reversal, suggesting the availability of liquidity on the platform.
This suggests the buy-sell-trade may be executed with ease, which may keep up the volatility of the token to a large extent. The price is facing some bearish pressure at the moment, due to which a minor pullback appears to be on the horizon. Hence, a plunge below $0.000006 could be on its way if the bulls fail to break above the upper resistance. Until and unless the PEPE price sustains above the crucial range at $0.0000065, the possibility of a bullish reversal remains pretty high.
Therefore, the next few days could be pretty important for the Pepe (PEPE) price, as a rejection from the upper resistance may pave the way for a fresh plunge, otherwise, a rise beyond $0.00000930 is imminent.
$PEPE #Memecoins #PepeToRunTheBull #priceanalysis #PEPE
Chainlink Price Analysis and Expectations 🚀
After Chainlink's recent 20% price increase, the cryptocurrency is moving at some critical levels. Chainlink, which is more affected by Bitcoin's halving activity, has encountered difficult obstacles in the past and these obstacles have led to investors to sell. With the latest correction, the profit of the LINK supply fell from 84% to 70%.
There was a 14% supply drop on the Chainlink front, representing 82.18 million LINKs worth about $1.3 billion. The market-real value ratio (MVRV) tracks investor gains and losses, indicating that LINK is in a critical sales zone with a 7-day MVRV of 11%.
Chainlink's price rose 20% over the weekend to trade at $15.8. However, altcoin tested support levels of $14.6 and $13.4, down from the $15.6 resistance. If the resistance of $15.6 is successfully broken and turned to support, a recovery can be seen in the Chainlink price and could reach the next resistance point, $18.
Chainlink's 20% price increase may offer investors short-term selling opportunities.
LINK's MVRV rate marks a critical sales zone for investors and caution should be exercised against potential declines.
The $15.6 resistance point plays a decisive role for Chainlink's price movements.
As a result, Chainlink investors should shape their strategies accordingly, especially by paying attention to critical movements at resistance and support levels. Long-term expectations, combined with short-term fluctuations, can significantly affect the decision-making processes of LINK investors.
$LINK #LINK #PriceAnalysis #BullorBear #bitcoinhalving
After Chainlink's recent 20% price increase, the cryptocurrency is moving at some critical levels. Chainlink, which is more affected by Bitcoin's halving activity, has encountered difficult obstacles in the past and these obstacles have led to investors to sell. With the latest correction, the profit of the LINK supply fell from 84% to 70%.
There was a 14% supply drop on the Chainlink front, representing 82.18 million LINKs worth about $1.3 billion. The market-real value ratio (MVRV) tracks investor gains and losses, indicating that LINK is in a critical sales zone with a 7-day MVRV of 11%.
Chainlink's price rose 20% over the weekend to trade at $15.8. However, altcoin tested support levels of $14.6 and $13.4, down from the $15.6 resistance. If the resistance of $15.6 is successfully broken and turned to support, a recovery can be seen in the Chainlink price and could reach the next resistance point, $18.
Chainlink's 20% price increase may offer investors short-term selling opportunities.
LINK's MVRV rate marks a critical sales zone for investors and caution should be exercised against potential declines.
The $15.6 resistance point plays a decisive role for Chainlink's price movements.
As a result, Chainlink investors should shape their strategies accordingly, especially by paying attention to critical movements at resistance and support levels. Long-term expectations, combined with short-term fluctuations, can significantly affect the decision-making processes of LINK investors.
$LINK #LINK #PriceAnalysis #BullorBear #bitcoinhalving
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SHIB Burn Transactions Continue: Here is the Last Burned Amount 🔥
Shiba Inu, one of the most famous meme coins, saw a significant outflow in one day as its value increased by 20% compared to yesterday. The token is trading at $0.00002767, with a market cap of $16.29 billion after a 19% increase. For this increase, the credit stands out for the latest SHIB Burn, which pushes total supply down a large percentage.
The Shiba Inu burn will eventually lead to increased demand for the token. Because in 24 hours, the transaction volume increased by more than 116%, pushing the value to $1.18 billion.
Highlights of April Shiba Inu Burn
The SHIB burn rate increased by 172%, causing a price increase in SHIB tokens. Here, the Shiba Inu burn has removed 392,376,654 SHIB tokens in 18 transactions in just the last 24 hours. In total, there were 449,360,571 SHIB tokens burns in seven days.
Shiba Inu's new total supply rose to 589,273,998,518,000 SHIB after an attempt to create famine and increased demand for this memecoin. This SHIB Combustion spring has been going on for days, where the maximum number of tokens was burned on April 14, with the elimination of 650 million SHIB tokens.
SHIB burn has become an important event for this cryptocurrency. This is because, unlike other cryptocurrencies, SHIB supply does not decrease with the mining or staking process. By February 2024, Shiba Inu had already burned more than 41% of the total supply. The current Shiba Inu burn has already eased the higher percentage.
$SHIB #burn #shiba #SHIB #BullorBear
Shiba Inu, one of the most famous meme coins, saw a significant outflow in one day as its value increased by 20% compared to yesterday. The token is trading at $0.00002767, with a market cap of $16.29 billion after a 19% increase. For this increase, the credit stands out for the latest SHIB Burn, which pushes total supply down a large percentage.
The Shiba Inu burn will eventually lead to increased demand for the token. Because in 24 hours, the transaction volume increased by more than 116%, pushing the value to $1.18 billion.
Highlights of April Shiba Inu Burn
The SHIB burn rate increased by 172%, causing a price increase in SHIB tokens. Here, the Shiba Inu burn has removed 392,376,654 SHIB tokens in 18 transactions in just the last 24 hours. In total, there were 449,360,571 SHIB tokens burns in seven days.
Shiba Inu's new total supply rose to 589,273,998,518,000 SHIB after an attempt to create famine and increased demand for this memecoin. This SHIB Combustion spring has been going on for days, where the maximum number of tokens was burned on April 14, with the elimination of 650 million SHIB tokens.
SHIB burn has become an important event for this cryptocurrency. This is because, unlike other cryptocurrencies, SHIB supply does not decrease with the mining or staking process. By February 2024, Shiba Inu had already burned more than 41% of the total supply. The current Shiba Inu burn has already eased the higher percentage.
$SHIB #burn #shiba #SHIB #BullorBear
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Bitcoin Halving Successfully Completed: What's Next for the Price?
The much-anticipated Bitcoin Halving event was finally completed on April 19 and April 20. It caused a scheduled reduction in the generation rate of new BTCs. The half-ling event, which takes place every four years, halves the mining rewards.
The adjustment was verified with data from analytics platforms such as mempool.space and Blockchain.com. During the Bitcoin Halving, the price remained relatively stable and hovered close to the $64,000 mark after the halving.
It seems that the Bitcoin halving event will not have an immediate impact on the price of BTC. However, strong support can be expected by the next 12 months and 2025.
The current optimism surrounding Bitcoin's short-term expectations could cause a pause in interest rate cuts from the Federal Reserve. In addition, the Middle East crisis, which coincides with the same period as Bitcoin Halving, will be a factor.
Bitcoin, including indicators suggesting increasing tensions, may face challenges due to broader macroeconomic factors. While the halving event is likely to have a greater impact on Bitcoin mining firms rather than directly affect the cryptocurrency's price, it is expected to significantly impact their revenues.
$BTC
#bitcoinhalving #bitcoin #BTC
The much-anticipated Bitcoin Halving event was finally completed on April 19 and April 20. It caused a scheduled reduction in the generation rate of new BTCs. The half-ling event, which takes place every four years, halves the mining rewards.
The adjustment was verified with data from analytics platforms such as mempool.space and Blockchain.com. During the Bitcoin Halving, the price remained relatively stable and hovered close to the $64,000 mark after the halving.
It seems that the Bitcoin halving event will not have an immediate impact on the price of BTC. However, strong support can be expected by the next 12 months and 2025.
The current optimism surrounding Bitcoin's short-term expectations could cause a pause in interest rate cuts from the Federal Reserve. In addition, the Middle East crisis, which coincides with the same period as Bitcoin Halving, will be a factor.
Bitcoin, including indicators suggesting increasing tensions, may face challenges due to broader macroeconomic factors. While the halving event is likely to have a greater impact on Bitcoin mining firms rather than directly affect the cryptocurrency's price, it is expected to significantly impact their revenues.
$BTC
#bitcoinhalving #bitcoin #BTC
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Chainlink (LINK) Price Analysis and Market Fluctuations
Recently, fluctuations in the cryptocurrency market have had significant effects, especially on altcoins such as Chainlink (LINK). LINK's price has tested the $12.00 support level in recent days and is currently in a recovery process above resistance levels between $13.50 and $15.00.
Recovery Symptoms and Resistance Points
The LINK/USD pair shows a downtrend line at the $13.50 level. This level is considered an important resistance point. If LINK can cross this level, it could make a significant rise towards the $15.00 resistance zone.
Technical indicators paint a negative picture for LINK. In particular, the 4-hour MACD and RSI indicators remain in the bearish zone, stating that the sales pressure has increased and the momentum is downward.
The $13.50 and $15.00 resistance levels are critical to LINK's price.
In the event of a potential decline, support levels of $12.80 and $12.00 should be monitored.
Technical indicators (MACD and RSI) indicate increased selling pressure under current market conditions.
As a result, fluctuations in the price of Chainlink (LINK) continue to influence investors' decisions. Resistance and support levels stand out as important points for investment strategies. The current uncertainty in the market requires investors to act more cautiously. DYOR
$LINK #LINKPrice #priceanalysis #chainlink
Recently, fluctuations in the cryptocurrency market have had significant effects, especially on altcoins such as Chainlink (LINK). LINK's price has tested the $12.00 support level in recent days and is currently in a recovery process above resistance levels between $13.50 and $15.00.
Recovery Symptoms and Resistance Points
The LINK/USD pair shows a downtrend line at the $13.50 level. This level is considered an important resistance point. If LINK can cross this level, it could make a significant rise towards the $15.00 resistance zone.
Technical indicators paint a negative picture for LINK. In particular, the 4-hour MACD and RSI indicators remain in the bearish zone, stating that the sales pressure has increased and the momentum is downward.
The $13.50 and $15.00 resistance levels are critical to LINK's price.
In the event of a potential decline, support levels of $12.80 and $12.00 should be monitored.
Technical indicators (MACD and RSI) indicate increased selling pressure under current market conditions.
As a result, fluctuations in the price of Chainlink (LINK) continue to influence investors' decisions. Resistance and support levels stand out as important points for investment strategies. The current uncertainty in the market requires investors to act more cautiously. DYOR
$LINK #LINKPrice #priceanalysis #chainlink
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🪙 Altcoins That Can Rise Most Quickly When BTC Returns ♻️
The cryptocurrency market is constantly evolving, revealing new opportunities every month.As the bull run of 2024 is gaining momentum, investors are eager to identify the next altcoin, which is ready for a significant rise in April.
Polygon (MATIC) Price Movements and Overview
Polygon (MATIC) saw its price drop in the short term. It fell about 14% over the past week and appears to fall by about 18% when viewed monthly. However, in a further look, MATIC has increased by over 60% in the last six months. The price has recently fluctuated between $0.96 and $1.07. Indicators indicate that the price is making corrective actions after previous gains.
Given the current acceleration of MATIC, it appears to be at a turning point. There is potential for growth, especially with the growing popularity of crypto, but investors should be careful as the price may also fall. Support may remain at $0.91, but a downside breakout could result in a drop to the $0.80 level. If the buy pressure comes, the price can test the resistances at $1.14 followed by $1.25.
Jupiter Price Outlook: Risks and Opportunities Balanced $JUP
Jupiter (JUP) rose 15.79% last week to make significant gains. Its value increased by 157.48% last month and an impressive jump of 5071% was observed in six months. Currently, JUP is trading between $1.39 and $1.94. With the RSI 41.61, the coin is in a neutral region and the price action seems to be on a corrective path rather than impulsive.
Looking ahead, JUP can test its nearest resistance at $1.94, and if momentum continues, the second resistance level at $2.14 could step in. However, before any upward movement, the current support at $1.30 could be lower, and if the trend reverses, the next key support could be at $1.03. Due to the 10-day SMA value being at $1.56 and mixed signals from indicators such as the MACD, investors can see a mixture of both bullish potential and the need for cautious trading in the near term.
Avalanche Sees Floating Movement Amid Market Uncertainty $AVAX
The price of Avalanche (AVAX) has recently fluctuated between $51.34 and $58.12. Last week, the coin fell 18.51% and was up 6.12% over the past month. In the last six months, the value has increased by 366%. The current movement points to an uncertain behavior in which prices are not moving up or down clearly.
Investors are closely following Avalanche as it balances on the scale of future results. If it exceeds the closest resistance, $62.13, there may be a rise towards $68.91. However, a fall below the $48.57 support level could lead to a further decline towards $41.79. The indicators show neither a strong buy nor sell, and point to a conflict between different market forces for AVAX.
Uniswap Price Analysis Amid Market Fluctuations $UNI
Last week, the price of Uniswap (UNI) fell 8.82% to 10.42% over the course of the month. However, looking at six months ago, UNI recorded significant growth, an increase of 162.31%. Currently, the coin is trading between $12.12 and $13,55. The indicators show that UNI is in a corrective move and is hovering below the 10-day Simple Moving Average of $11.35 as it approaches the nearest support level.
Looking ahead, UNI could face the $14.16 resistance before challenging the second resistance of $15.59. If it can hold above the nearest support level, $11.3, we can see a recovery. However, bearish indicators such as -0.28 MACD Level and low RSI, indicating selling pressure, indicate caution. While past growth is impressive, investors should follow ongoing signs of corrections or a potential return. DYOR
#BullorBear #AvalancheAVAX #Jupiter🪐
Polygon (MATIC) Price Movements and Overview
Polygon (MATIC) saw its price drop in the short term. It fell about 14% over the past week and appears to fall by about 18% when viewed monthly. However, in a further look, MATIC has increased by over 60% in the last six months. The price has recently fluctuated between $0.96 and $1.07. Indicators indicate that the price is making corrective actions after previous gains.
Given the current acceleration of MATIC, it appears to be at a turning point. There is potential for growth, especially with the growing popularity of crypto, but investors should be careful as the price may also fall. Support may remain at $0.91, but a downside breakout could result in a drop to the $0.80 level. If the buy pressure comes, the price can test the resistances at $1.14 followed by $1.25.
Jupiter Price Outlook: Risks and Opportunities Balanced $JUP
Jupiter (JUP) rose 15.79% last week to make significant gains. Its value increased by 157.48% last month and an impressive jump of 5071% was observed in six months. Currently, JUP is trading between $1.39 and $1.94. With the RSI 41.61, the coin is in a neutral region and the price action seems to be on a corrective path rather than impulsive.
Looking ahead, JUP can test its nearest resistance at $1.94, and if momentum continues, the second resistance level at $2.14 could step in. However, before any upward movement, the current support at $1.30 could be lower, and if the trend reverses, the next key support could be at $1.03. Due to the 10-day SMA value being at $1.56 and mixed signals from indicators such as the MACD, investors can see a mixture of both bullish potential and the need for cautious trading in the near term.
Avalanche Sees Floating Movement Amid Market Uncertainty $AVAX
The price of Avalanche (AVAX) has recently fluctuated between $51.34 and $58.12. Last week, the coin fell 18.51% and was up 6.12% over the past month. In the last six months, the value has increased by 366%. The current movement points to an uncertain behavior in which prices are not moving up or down clearly.
Investors are closely following Avalanche as it balances on the scale of future results. If it exceeds the closest resistance, $62.13, there may be a rise towards $68.91. However, a fall below the $48.57 support level could lead to a further decline towards $41.79. The indicators show neither a strong buy nor sell, and point to a conflict between different market forces for AVAX.
Uniswap Price Analysis Amid Market Fluctuations $UNI
Last week, the price of Uniswap (UNI) fell 8.82% to 10.42% over the course of the month. However, looking at six months ago, UNI recorded significant growth, an increase of 162.31%. Currently, the coin is trading between $12.12 and $13,55. The indicators show that UNI is in a corrective move and is hovering below the 10-day Simple Moving Average of $11.35 as it approaches the nearest support level.
Looking ahead, UNI could face the $14.16 resistance before challenging the second resistance of $15.59. If it can hold above the nearest support level, $11.3, we can see a recovery. However, bearish indicators such as -0.28 MACD Level and low RSI, indicating selling pressure, indicate caution. While past growth is impressive, investors should follow ongoing signs of corrections or a potential return. DYOR
#BullorBear #AvalancheAVAX #Jupiter🪐
Why Bitcoin Price Fell Suddenly ⬇️
The pre-halving correction in Bitcoin price coupled with macro and geopolitical factors pulls down BTC price, with no major buying from whales and large investors.
Coinglass data shows more than $330 million were liquidated across the crypto market amid this strong correction. Of these, $260 million long positions were liquidated and nearly $70 million short positions were liquidated on Tuesday.
Bollinger bands (blue) indicator reveals BTC price is in a downside trend, failing to break above the 20-simple moving average (orange). Ichimoku Cloud shows price continue to move under support and the selling pressure is rising as trend reversed, with the cloud widening.
Popular analyst Michael van de Poppe predicts a $55K level is likely as BTC price holds up on support after a lower timeframe rejection. However, he believes Bitcoin will hold near current levels and start a slow upward momentum. The bearish divergence stays valid as consolidation for the post-halving rally builds up.
The global macroeconomic events caused US dollar index (DXY) to climb above 106.23, continuing to rise higher. Whereas, the US 10-year Treasury yield jumped to a high of 4.663% today on open. As Bitcoin moves opposite to DXY and Treasury yields, a rise in both DXY and 10-yr treasury yield has caused a sudden fall in Bitcoin price below $62k, triggering a crypto market selloff.
$BTC
#BullorBear #bitcoinhalving #BTC
The pre-halving correction in Bitcoin price coupled with macro and geopolitical factors pulls down BTC price, with no major buying from whales and large investors.
Coinglass data shows more than $330 million were liquidated across the crypto market amid this strong correction. Of these, $260 million long positions were liquidated and nearly $70 million short positions were liquidated on Tuesday.
Bollinger bands (blue) indicator reveals BTC price is in a downside trend, failing to break above the 20-simple moving average (orange). Ichimoku Cloud shows price continue to move under support and the selling pressure is rising as trend reversed, with the cloud widening.
Popular analyst Michael van de Poppe predicts a $55K level is likely as BTC price holds up on support after a lower timeframe rejection. However, he believes Bitcoin will hold near current levels and start a slow upward momentum. The bearish divergence stays valid as consolidation for the post-halving rally builds up.
The global macroeconomic events caused US dollar index (DXY) to climb above 106.23, continuing to rise higher. Whereas, the US 10-year Treasury yield jumped to a high of 4.663% today on open. As Bitcoin moves opposite to DXY and Treasury yields, a rise in both DXY and 10-yr treasury yield has caused a sudden fall in Bitcoin price below $62k, triggering a crypto market selloff.
$BTC
#BullorBear #bitcoinhalving #BTC
Whale Transactions Hint at Cautious Optimism for Pendle Price Recovery 📊
Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88.
As per the Fibonacci retracement tool, the Pendle rebounded from the 50% pullback, indicating constructive correction which allowed buyers to recuperate its strength. With an intraday gain of 1%, the coin buyers are likely to challenge the swing high resistance of $7.53.
A successful breakout from this barrier will favor buyers with suitable flipped support to chase a higher price target of $10, followed by $12.
However, SpotOnChain recently reported a noteworthy transaction involving a wallet identified as 0x01f, which deposited 400K PENDLE tokens into Binance. This transaction came after a year of dormancy and is significant in value at approximately $2.68 million. The same wallet had previously vested 1.8 million PENDLE from Pendle Finance in 2022, valued at $264K at the time, and still holds 1.4 million PENDLE, now worth $9.42 million.
A possible interpretation of this transaction is that the whale does not expect an aggressive rally for Pendle price in the near term, and therefore booking partial profit.
Technical Indicators
Relative Strength Index: The daily RSI slope at 65% hints a marker participants project a bullish outlook for Pendle.
BB indicator: The upswing in the upper boundary of the Bollinger band indicator reflects retail buyers are still active toward this asset.
$PENDLE #BullorBear #graphicanalysis #whale
Despite broader market consolidation, Pendle coin has shown a robust recovery since mid-March, surging 225% from $2.30 to a high of $7.53. However, the geopolitical issue in the Middle East triggered a temporary pullback to $4.9, before the asset regained its above at $6.88.
As per the Fibonacci retracement tool, the Pendle rebounded from the 50% pullback, indicating constructive correction which allowed buyers to recuperate its strength. With an intraday gain of 1%, the coin buyers are likely to challenge the swing high resistance of $7.53.
A successful breakout from this barrier will favor buyers with suitable flipped support to chase a higher price target of $10, followed by $12.
However, SpotOnChain recently reported a noteworthy transaction involving a wallet identified as 0x01f, which deposited 400K PENDLE tokens into Binance. This transaction came after a year of dormancy and is significant in value at approximately $2.68 million. The same wallet had previously vested 1.8 million PENDLE from Pendle Finance in 2022, valued at $264K at the time, and still holds 1.4 million PENDLE, now worth $9.42 million.
A possible interpretation of this transaction is that the whale does not expect an aggressive rally for Pendle price in the near term, and therefore booking partial profit.
Technical Indicators
Relative Strength Index: The daily RSI slope at 65% hints a marker participants project a bullish outlook for Pendle.
BB indicator: The upswing in the upper boundary of the Bollinger band indicator reflects retail buyers are still active toward this asset.
$PENDLE #BullorBear #graphicanalysis #whale
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