🚨 Crypto News Flash: Japanese exchange DMM Bitcoin is set to shut down and transfer its accounts and assets to SBI VC Trade by March next year. This decision follows a major hack in May, where over 4502.9 BTC, valued at nearly $305 million, was stolen. Services have been restricted since, impacting customers. The notorious Lazarus Group from North Korea is suspected, with funds reportedly laundered through Cambodia's Huione Guarantee. SBI VC Trade will continue handling 14 cryptocurrencies from DMM Bitcoin. What are your thoughts on this transition? Share in the comments!
technical analysis and trade signal for $BTC /USDT, based on the current data:
{spot}(BTCUSDT)
Current Price: $95,617.93
24h High: $98,130.00
24h Low: $95,640.00
Trend Analysis:
Short-Term Trend (15m/1h): The price is currently experiencing a mild decline with a -1.09% drop in the last 24 hours. The short-term momentum is slightly bearish, indicating a potential pullback from recent highs.
Medium-Term Trend (4h/1D): The price has been fluctuating around $95,640-$98,130, showing resistance at higher levels ($98,130). The price is approaching a critical support level at $95,600, indicating a possible bounce if it holds above this level.
Support & Resistance:
Support: $95,600 (strong zone, where buying pressure might pick up)
Resistance: $98,130 (short-term high, watch for break above this for continuation)
Trade Signals:
Buy Signal:
Trigger: A price reversal from the support at $95,600, confirmed by a bullish candlestick pattern (e.g., hammer or engulfing).
Target Levels:
1. First Target: $97,000 (previous resistance zone)
2. Second Target: $98,130 (24h high resistance)
3. Third Target: $100,000 (psychological round number)
Sell Signal:
Trigger: If the price breaks below $95,600 with high volume, a bearish momentum is likely, and a sell signal could be triggered.
Target Levels:
1. First Target: $94,500 (next support zone)
2. Second Target: $92,000 (lower support level)
3. Third Target: $90,000 (psychological support zone)
Momentum:
The current momentum shows slight bearish pressure, with a potential reversal if BTC holds above $95,600.
Indicators to watch:
RSI: If the RSI is below 30, it indicates oversold conditions, suggesting a potential bounce.
MACD: Watch for a MACD crossover to signal bullish momentum if the price reverses from the support.
Key Notes:
Volatility is present with the high volume, so use caution and consider adjusting your stop-loss strategy.
Watch for market sentiment and any significant news events that may impact BTC’s price in the short term.
#ETHOnTheRise #XRPReclaimsTop3
Bitcoin (BTC) has dropped to $95,512, down 1.24%, following a sharp rejection from recent highs. This decline pushes BTC closer to its critical support level near $95,500. If this support fails to hold, the next key target could be $95,000 or lower, indicating increased bearish momentum.
However, if bulls defend the $95,500 zone and BTC manages to climb back above $96,000, a potential recovery toward $97,000 or higher might be on the horizon. With heightened volatility in play, traders should exercise caution and set tight stop-losses to capitalize on either a rebound or further downside movement. This scenario presents opportunities for both short sellers and those anticipating a bullish reversal.
$BTC
{spot}(BTCUSDT)
Ethereum (ETH) is currently trading at $3,661.63, down by 1.37% over the last 24 hours. After facing rejection near its daily high, ETH is now testing a critical support level around $3,660. A break below this level could lead to a decline toward the key psychological and technical support zone at $3,600.
To regain bullish momentum, ETH needs to reclaim $3,700, with potential resistance targets at $3,750 and $3,800. On the downside, if selling pressure increases and ETH breaks below $3,660, traders might see further downward movement, presenting opportunities for short positions. Given the current market volatility, managing risk carefully is essential for traders navigating this pivotal setup.
$ETH
{spot}(ETHUSDT)
technical analysis for the $ALGO /USDT pair, considering the given price data and market conditions:
{spot}(ALGOUSDT)
Current Price: 0.4935 USDT
24h High: 0.5248 USDT
24h Low: 0.4326 USDT
24h Change: +14.08%
Key Levels:
Support Level: 0.4326 (24h Low)
Resistance Level: 0.5248 (24h High)
Trend Overview:
Momentum: ALGO is showing bullish momentum with a +14.08% change over the last 24 hours. The price is trending upward after hitting a low at 0.4326 USDT and now moving towards the resistance level at 0.5248 USDT.
RSI (Relative Strength Index): RSI is likely to be in an overbought zone (around 70) given the recent surge in price. This could indicate the possibility of a pullback, but the bullish trend remains intact as long as the support holds.
MACD: The MACD (Moving Average Convergence Divergence) is likely showing a positive crossover, confirming the bullish trend.
Trade Signals:
1. Buy Signal (Entry):
Price: 0.4935 USDT
Condition: Wait for a confirmed breakout above the resistance at 0.5248 USDT or buy at current levels if the price holds the support zone at 0.4326 USDT.
2. Target Levels (Take Profit):
Target 1: 0.5100 USDT (Near term resistance, 3-5% potential upside)
Target 2: 0.5200 USDT (Mid-term resistance level, 7% potential upside)
Target 3: 0.5400 USDT (Higher resistance level, 10% potential upside)
3. Stop Loss:
Level: 0.4771 USDT (just below the recent low of 0.4326, offering a good risk-to-reward ratio).
Momentum Indicators:
Volume: Trading volume is increasing, which supports the current bullish momentum.
Price Action: The price is showing an upward movement, indicating strong bullish sentiment in the short term.
#ETHOnTheRise #XRPReclaimsTop3 #NFTIsBack
XRP Surges Past BNB: $109B Market Cap Shockwave! 🚀
XRP’s explosive 37% rally this week pushed its market cap to $109B, overtaking BNB’s $94B. While XRP shines, BNB struggles with a 15% drop in trading volume and stagnant price action around $658.
🔹 XRP’s MVRV: 59%, signaling overvaluation.
🔹 BNB’s MVRV: -113%, hinting at potential recovery.
🔹 BNB needs a breakout above $670 to regain momentum.
XRP dominates for now, but BNB’s ecosystem role ensures it’s still a key player. Stability or stagnation—what’s next for BNB? 👀
#Crypto #XRP #BNB
ETHOnTheRise often gains traction when Ethereum (ETH) is experiencing notable price increases. The reasons behind this surge may include:
1. Institutional Adoption: Increased interest from institutions, such as ETH-based ETFs, partnerships, or blockchain integrations.
2. Staking Growth: More users staking ETH on the network post-merge, reducing circulating supply and increasing scarcity.
3. Layer 2 Expansion: Popular Layer 2 solutions (e.g., Arbitrum, Optimism) growing in adoption, bringing scalability and efficiency, which reflects positively on Ethereum.
4. Macro Trends: Broader crypto market uptrend, Bitcoin dominance cooling down, and altcoin seasons drawing attention to ETH.
5. Technological Developments: Key upgrades or progress in the Ethereum roadmap, such as advancements in scalability, withdrawals, or zkEVMs, signaling long-term value.$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$XRP
{spot}(XRPUSDT)
#ETHOnTheRise
Technical Analysis for $XNO /USDT:
{spot}(XNOUSDT)
Current Price: $1.66
24h High: $1.689
24h Low: $1.419
Trend: Bullish (Price increased by 15.97% in the last 24 hours)
Key Indicators:
RSI: 70 (Approaching overbought territory, caution required)
MACD: Bullish crossover, indicating a continuation of upward momentum
Support: $1.419 (Strong support level)
Resistance: $1.689 (Strong resistance level)
Trade Momentum:
Volume: 3.13M USDT in the last 24 hours, indicating active market participation
Market Depth: Higher buying interest with a 25.442% buyer depth
Trade Signals:
Target Levels:
1. Target 1 (Short-term): $1.72
Reason: If momentum continues, the price could hit this level, just above the 24-hour high. This would be an early take-profit point.
2. Target 2 (Medium-term): $1.85
Reason: A reasonable resistance point considering the current uptrend. Watch for signs of resistance near this level.
3. Target 3 (Long-term): $2.00
Reason: Psychological resistance, and could be a breakout level if bullish momentum sustains.
Stop Loss:
Stop Loss Level: $1.45
Reason: If the price drops below this level, it would indicate a potential reversal or trend weakness.
Summary:
The market shows strong bullish momentum with good volume, RSI near 70, and support at $1.419.
Watch for pullbacks and breaks of resistance for confirmation of further upward movement.
#ETHOnTheRise #NFTIsBack
$JASMY is currently trading at 0.03092, rebounding after a pullback from its 24-hour high of 0.03230. This movement places the token at a critical point where a breakout or breakdown could dictate its next trend. A potential bullish scenario unfolds if JASMY breaks above 0.03120, targeting resistance levels at 0.03180, 0.03220, and 0.03250, with a stop-loss set at 0.03050 to manage downside risk. Conversely, if the price drops below 0.03050, it could trigger a bearish move toward targets of 0.02990, 0.02950, and 0.02880, with a stop-loss at 0.03100. Traders should monitor the market closely for volume spikes and significant price action at these key levels, as they could provide insights into the next significant move for JASMY.
$JASMY
{spot}(JASMYUSDT)
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**News Flash: Mercuryo Eyes DeFi's Bank-Like Future**
Mercuryo's CEO, Petr Kozyakov, envisions a future where decentralized finance (DeFi) mirrors traditional banking. The company has launched a new initiative to support 30 startups in developing Web3 consumer applications within DeFi. Announced on Nov. 21, this program provides funding, expert consultations, and an "equity-free integration grant" to help startups scale.
Kozyakov believes DeFi can revolutionize public and private markets, making them more efficient. He predicts that DeFi applications will soon offer bank-like products, simplifying complex processes for users globally.
technical analysis and trade signal for the $OXT /USDT pair, based on the current data:
{spot}(OXTUSDT)
Technical Analysis:
Current Price: $0.1158
24h High: $0.1239
24h Low: $0.1151
Key Support Level: $0.1151 (close to current price, strong support zone)
Key Resistance Level: $0.1239 (recent 24h high, strong resistance)
Indicators & Momentum:
RSI (Relative Strength Index): Currently showing signs of being in an oversold territory, meaning a potential bounce could be coming if the price holds at this level.
MACD (Moving Average Convergence Divergence): The MACD line is approaching the signal line, suggesting possible bullish momentum if it crosses over. Watch for this confirmation.
Volume: 24h trading volume has decreased significantly, signaling a lack of strong buying/selling momentum.
Trade Signals:
1. Buy Signal (Support Bounce):
Entry Point: Around $0.1151 (if price holds above this level and RSI shows reversal signals).
Target 1: $0.1185 (first resistance zone).
Target 2: $0.1200 (secondary resistance level).
Target 3: $0.1239 (24h high and key resistance).
Stop Loss: Below $0.1130 to protect against further downside.
2. Sell Signal (Breakdown below support):
Entry Point: Below $0.1151 (if price breaks down from support).
Target 1: $0.1130 (next support level).
Target 2: $0.1100 (psychological support and previous low).
Target 3: $0.1080 (stronger support zone).
Stop Loss: Above $0.1165 to minimize risk if the breakdown is invalid.
Momentum:
The current momentum is slightly bearish with a potential to reverse if the price holds above $0.1151. The next few hours will be crucial to decide if the market is ready for a bounce or further downside.
Recommendation: Watch for any signs of reversal or continuation near the support level. If the price begins to move above $0.1165, it could indicate bullish momentum, while a failure to break the support level might lead to further declines.
Trade Strategy:
For Short-term Traders: Focus on quick bounces around support and resistance levels, watching for volume spikes.
#ETHOnTheRise
A long position in Ethereum worth $105,000 was liquidated at $3,710.18, highlighting the market's inherent volatility. This significant liquidation reflects the risks of leveraged trading, emphasizing the importance of sound risk management strategies. Large liquidations often indicate shifts in market sentiment, providing insights for traders aiming to refine their strategies.
Such events can act as a barometer for upcoming market movements, whether you're an experienced trader or an observer. To navigate these conditions effectively, it's crucial to monitor key support and resistance levels, as these often precede high-impact liquidations. Staying vigilant and adjusting your tactics accordingly can help mitigate losses and seize potential opportunities. With market activity heating up, keeping a close watch on price action and volatility indicators is essential for informed trading decisions.
$ETH
{spot}(ETHUSDT)
#ETHOnTheRise
$DASH is currently facing its first resistance level at $77, which it seems poised to break through. Technical indicators support this momentum, suggesting a strong upward trend. If the resistance is successfully surpassed, we could potentially see #DASH reaching triple-digit figures this month. This bullish sentiment is driven by consistent market support and improving trading volumes, signaling a promising outlook for the coin. As the market sentiment aligns with these technical trends, DASH could soon become a key focus for traders. Keep an eye on the $77 level as a critical turning point.
$JASMY /USDT ALERT: Critical Move Ahead! 🔥💯
$JASMY is trading at 0.03092, recovering after a sharp retracement from its 24-hour high of 0.03230.
💡 Trade Setup:
• Long Entry: Above 0.03120, targeting 0.03180, 0.03220, and 0.03250. Stop loss: 0.03050.
• Short Entry: Below 0.03050, targeting 0.02990, 0.02950, and 0.02880. Stop loss: 0.03100.
The pattern indicates bullish momentum if resistance at 0.03120 breaks, while a failure could shift sentiment bearish. Watch for a decisive breakout or rejection to confirm the next move.
{spot}(JASMYUSDT)
#AIAndGameFiBoom #XRPTrends #NFTIsBack #XRPReclaimsTop3 #ETHOnTheRise
Bitcoin's consolidation phase continued on Monday as it held around $96,600 after rebounding from last week’s dip to $90,791. Despite a brief surge to $97,000, BTC faces resistance near its all-time high of $99,588. While the daily RSI remains above the neutral level at 65, indicating bullish momentum, traders should stay cautious. The bearish crossover of the MACD on November 26 suggests potential downward pressure. A correction could push BTC below the psychological support of $90,000.
Ethereum, on the other hand, broke through its weekly resistance of $3,454 and climbed to $3,691 by Monday. If ETH maintains momentum, it could test the $4,000 level, a critical psychological barrier. The daily RSI remains above 50, signaling continued bullishness, but a failure to hold $3,454 could lead to a drop toward $3,335.
Ripple (XRP) also remains in focus after hitting a three-year high of $2.35 last week, marking a 60% gain. On Monday, it rose further to $2.41. If the upward trend persists, XRP could retest $2.66. However, with an RSI of 93, it’s in overbought territory, increasing the likelihood of a correction. A retracement could see XRP revisiting support at $1.96.
Overall, while Bitcoin consolidates, the altcoin market shows signs of sustained bullish momentum, led by ETH and XRP. However, investors should remain vigilant as overbought conditions and bearish signals could indicate short-term corrections across the market.
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$XRP
{spot}(XRPUSDT)
#Ripple CTO David Schwartz celebrates his 12th anniversary at Ripple, highlighting how the remarkable event coincides with XRP reclaiming its position as the third-biggest cryptocurrency by market cap.
Schwartz revealed the development yesterday, confirming that he has worked at Ripple for 12 years.
Schwartz 12th Anniversary at Ripple Coincides with XRP Milestone
Based on his commentary, Schwartz officially joined Ripple on December 1, 2012, with current Chairman Chris Larsen subsequently adding him to the company’s board. He was among the early developers at Ripple who helped shape the company’s technical vision.
Ripple’s decentralized blockchain platform, XRP Ledger (XRPL), is one of Schwartz’s brainchild projects, which he developed alongside Arthur Britto and Jed McCaleb. Notably, Schwartz later became the Chief Technology Officer (CTO) at Ripple after McCaleb left the position.
Since then, Schwartz has spearheaded Ripple’s technological vision, contribution to the development of several cross-border payment solutions like Ripple Payments (formerly ODL).
While celebrating his 12th anniversary at Ripple, he indicated that the event coincides with XRP reclaiming its position as the third-largest cryptocurrency by market cap.
#Crypto
Join us for the Mini Apps Demo Day during Taipei Blockchain Week!🎉
🗓️Date: 13th December, 2024
➡️Location: Ren Bistronomy
🔗Want to demo your project? Apply now: https://forms.gle/kCATcmtUQHShuNZ59
🔍Join as an audience: https://lu.ma/uqnsa9nm
🌟Hosted by ABGA and CaveDAO, co-hosted by Google Cloud and AMD, with special support from Kaia, LINE NEXT, ICC Venture, and Lair Finance, and Kaia World as the media co-host, this event unites innovative projects and partners within the #Kaia ecosystem.
Projects will be able to apply for a chance to perform their project demos in the front of key industry leaders, tier-1 venture capitals, and attendees to get the best exposure.
#TBW
$XNO /USDT ALERT: Major Move Expected – Act Fast! 🔥💯
$XNO is trading at $1.675, showing strong bullish momentum after breaking past key resistance. The chart indicates a continuation of the uptrend with minimal retracement.
💡 Trade Setup:
• Long Entry: Above $1.680, targets at $1.700, $1.720, and $1.750. Stop loss at $1.650.
• Short Entry: Below $1.650, targets at $1.620, $1.600, and $1.570. Stop loss at $1.690.
📉 Next Move: The pattern suggests a bullish breakout if the resistance holds; failure could lead to a short-term pullback. Watch critical levels closely!
{spot}(XNOUSDT)
#AIAndGameFiBoom #ThanksgivingBTCMoves #NFTIsBack #XRPReclaimsTop3 #ETHOnTheRise
technical analysis and trade signals for $CRV /USDT, including three target levels and trade momentum:
{spot}(CRVUSDT)
Current Price: $0.7545
Trend: Bullish (Uptrend confirmed with a 17.98% price increase in 24 hours)
Support: $0.6355 (24h Low)
Resistance: $0.7812 (24h High)
Key Indicators:
Relative Strength Index (RSI): ~70 (indicating overbought conditions, potential for pullback)
MACD: Bullish cross, indicating upward momentum
Volume: Increased volume suggests strong buying pressure
Trade Momentum:
Momentum: Strong bullish momentum, with increased trading volume and a positive price trend.
Caution: RSI is nearing overbought territory, which suggests that a consolidation or pullback could occur before further gains.
Trade Signals:
Entry Signal:
Buy: Enter the trade around $0.7500–$0.7550 if the price holds above the support level of $0.6355. Watch for minor pullbacks to this zone for an ideal entry.
Target Levels (Three Price Targets):
1. First Target: $0.7812 (24h High)
If the price breaks above this level, it could continue to test the resistance levels.
2. Second Target: $0.8000
A psychological resistance point. If momentum continues strong, expect the price to approach this level.
3. Third Target: $0.8500
The next significant resistance zone, potentially after a consolidation phase.
Stop Loss:
Stop Loss: Set at $0.6355 (24h Low), or a slightly higher level to avoid major losses if the trend reverses.
Summary:
Bullish Momentum: CRV/USDT is showing strong bullish momentum with a price increase of 17.98% in the last 24 hours and increasing volume.
Targets: The primary target is $0.7812, with potential to extend to $0.8000 and $0.8500.
Caution: Monitor RSI for overbought conditions, suggesting the possibility of a minor pullback or consolidation before further gains.
Stay alert for price action around resistance and support levels, and adjust targets and stop-loss orders as needed.
#ETHOnTheRise #XRPReclaimsTop3
Can $LTC Hit $200? 🚀 A Bullish Journey Ahead!
Litecoin (LTC) is showing strong bullish momentum, trading at $124.10 (+22.54%). 📈 With a market cap of $9.16B, it’s climbing steadily, backed by significant buy inflows of $15.58M in the last 24 hours. Here’s why LTC could be gearing up for a major rally:
🔑 Key Indicators:
• RSI: 78.60, signaling overbought territory, but buyers are still driving momentum.
• 7-Day MA: Sitting at $81.92, well below the current price, confirming bullish strength.
• Volume Surge: High activity reflects growing investor interest.
🎯 Top 5 Bullish Targets:
1. $130 - Immediate resistance.
2. $150 - Breaking psychological barriers.
3. $175 - Continued rally with increased demand.
4. $190 - Testing key Fibonacci extension.
5. $200+ - Retesting 2023 highs!
⚡ Recent News:
Litecoin’s network has seen a surge in adoption, thanks to its low fees and fast transactions, making it a favorite among traders and institutions alike. 🌐
👉 Note: A breakout above $130 could ignite a stronger rally. Keep a close eye on volume and RSI for the next big move! 🔥
#LTC #CryptoNews #LitecoinMoon
$RARE
{spot}(RAREUSDT)
BUY NOW! RARE is currently trading around $0.14 and is STARTING TO RISE! Long, big candles have appeared, accompanied by green long wicks and a significant INCREASE IN VOLUME! This indicates a strong upward trend! Next targets are set at $0.163, $0.17, and $0.18! RARE's momentum is building, with buyers taking control! The volume surge is a clear sign of a potential breakout!
{future}(RAREUSDT)