technical analysis and trade signal for the $FET /USDT pair based on the data you provided:
{spot}(FETUSDT)
Technical Analysis:
Price Action: The price of FET/USDT has been on an upward trend, showing a 9.30% increase in the last 24 hours, currently at $2.08.
Support Level: The recent 24h low of $1.87 serves as a strong support level, with price rebounding off it.
Resistance Level: The 24h high of $2.12 could act as short-term resistance. A break above this level may indicate a continuation of the bullish trend.
Volume: With 132.66M FET traded in 24 hours, the volume is quite healthy, signaling that the market participants are actively involved.
Momentum: The positive price change of 9.30% indicates that the momentum is bullish. The current depth of 2,891% further confirms strong buy-side pressure.
Trade Signals:
Entry Signal:
Buy when the price crosses above $2.12 (resistance level) with confirmation (e.g., a retest of the breakout).
Alternatively, buy at $2.00 if the price retests and holds above this level.
Target Levels (Take Profit):
Target 1: $2.30 – A logical resistance zone considering the current momentum and trend.
Target 2: $2.50 – Further continuation in the uptrend can take the price to this level.
Target 3: $2.70 – A higher target based on continued bullish momentum.
Stop-Loss:
Place stop-loss orders below the support level of $1.87, ideally around $1.85 to manage risk.
Trade Momentum:
Bullish: With an increase of 9.30%, the momentum is strongly bullish, and the market sentiment favors upward price movement.
Consolidation Phase: If the price consolidates near $2.08 to $2.12, a breakout above these levels can fuel further buying interest.
Summary:
Buy Zone: $2.00 to $2.12
Target 1: $2.30
Target 2: $2.50
Target 3: $2.70
Stop-Loss: Below $1.85
#2024withBinance #ETHCrosses4K
Jump Trading Buys $500,000 of CatSlap ($SLAP)
The memecoin CatSlap ($SLAP) is making waves in the crypto market as major players like Jump Trading jump in with substantial investments. The Chicago-based trading giant recently purchased nearly $500,000 worth of $SLAP, pushing its price up by 31% to $0.0042. This surge comes alongside a trading volume spike to $1.4 million in the past 24 hours and a growing holder base of over 10,000 investors.
Jump Trading, known for its expertise in commodities and derivatives, has accumulated $489,690 of $SLAP since November 23. The firm’s average entry price of $0.0038 and consistent purchases suggest it’s building a long-term position, avoiding pump-and-dump tactics. Meanwhile, CatSlap is gaining momentum with rumors of a tier-1 exchange listing.
As a memecoin we all need some caution!! But adding to the excitement, CatSlap’s “Slap-to-Earn” system rewards users for engaging with the platform. The project’s tokenomics continue to strengthen. The upcoming burn of 100 million $SLAP could drive scarcity further, pushing prices higher.
The memecoin’s liquidity sits at $4.7 million, and its staking program offers a 40% annual return.
With Jump Trading’s involvement and CatSlap’s innovative features, this memecoin is poised to challenge giants like PopCat. If its trajectory mirrors similar projects, 600x returns might not be far-fetched. But same time this new memes brings high probrably of gains, also is very risky!!
This is not a financial advice, Do your own research before investing.
#memecoin🚀🚀🚀 #crypto2024
🚀 Crypto enthusiasts, brace yourselves! The SEC is playing hard to get with Solana ETFs, leaving issuers in a holding pattern. Despite the current administration's cold shoulder, hope is on the horizon with Trump’s nomination of crypto-savvy Paul Atkins to lead the SEC. Firms like VanEck, 21Shares, and Bitwise are lining up, eager to launch SOL ETFs. Remember the Bitcoin ETF frenzy? Expect a similar synchronized launch when the green light flashes. Meanwhile, crypto firms are eyeing the future, predicting Ether funds with staking features by 2025. Stay tuned for the crypto rollercoaster!
**Crypto ETF Hopes Dashed by SEC**
The SEC is poised to reject applications for Solana (SOL) exchange-traded funds (ETFs), as reported by Fox News' Eleanor Terrett. At least two out of five issuers have been notified of the likely denial.
Despite several asset managers, including VanEck and 21Shares, filing for SOL ETFs, the current administration seems uninterested in approving new crypto ETFs. However, with Trump's election victory and his nomination of crypto advocate Paul Atkins to lead the SEC, there might be hope for future approvals.
The crypto industry is also eyeing potential Ether (ETH) funds with regulated staking features by 2025.
⚡️ @AethirCloud $ATH, @BeamFDN $BEAM, and @Metastreetxyz kick off a $40M AI compute initiative
Aethir, Beam Foundation, and MetaStreet have establish a joint venture to launch Tactical Compute (TACOM), an industry-specific AI compute initiative. The initiative aim to raise up to $40M in capital and a robust network of partners to redefine how compute resources are valued, distributed and monetized in the modern economy. Sophon Foundation, the founding team behind the @Sophon $SOPH entertainment layer, will join the initiative as a backer. Aethir builds scalable decentralized cloud infrastructure for Gaming & #AI.
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⚡️ @GraFunLabs $GRA has announced its partnership with @DWFVentures
GraFun announces its strategic partnership with DWF Ventures. Through this partnership, the projects will develop a robust tokenomics framework for the #GRA token. Moreover, GraFun and DWF Ventures will refine GraFun’s GRA points system, which allows users to earn rewards for trading on the platform, launching tokens, and completing off-chain social tasks. GraFun is a multichain #memecoin launchpad utilizing an innovative Fair Curve model.
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🚀 The blockchain world is buzzing with excitement! From DeFi to BTC, ETH, and altcoins, innovation is the name of the game. 🌟
DeFi is reshaping finance, making it more accessible and transparent. Meanwhile, BTC and ETH continue to lead the charge, setting new standards for digital assets. 📈
Altcoins are not far behind, offering unique solutions and diversifying the crypto landscape. The market is ripe with opportunities, and the future looks bright! 🌈
What are your thoughts on the latest trends? Let's chat in the comments! 💬 #CryptoCommunity #BlockchainRevolution