$PNUT is showing signs of a potential cup formation. If the horizontal movement continues, the $1.80 level could act as a key resistance point. This structure often indicates a possible breakout, and traders should closely monitor the price action as it nears this level. Memecoins like #PNUT are known for their rapid and unpredictable movements, making it essential to act quickly and strategically. Strong volume and market momentum could push the price above resistance, leading to further gains. However, caution is advised, as volatility in memecoins can result in sudden reversals. Observing the $1.80 zone is crucial for upcoming opportunities.
#MarketInTheGreen #BSCOnTheRise #MarketBuyOrHold?
On-chain Alert: Data reveals that the recently delisted token $GFT minted an additional 1.2B tokens on BNB Chain a few hours ago. These tokens have since been deposited into Binance, OKX, KuCoin, HTX, Bitget, Gate, and MEXC.
Address: 0xac799970eba8bf3f8cfed240442eaa038dd3f76e
$GFT #CryptoAlerts #OnChainAnalysis
{spot}(GFTUSDT)
Here is an analysis based on the displayed indicators and chart features for $HBAR
1. Price Action:
The price is $0.14039, showing a +4.46% increase in the last 24 hours.
The chart shows a bullish trend in the short term, as the price has risen from the recent low of $0.12600 to a high of $0.14744 within the last 24 hours.
2. Exponential Moving Averages (EMA):
The EMAs displayed (7, 25, and 99) suggest a short-term bullish sentiment, as the price is above the EMA(99), indicating upward momentum.
The EMA(7) and EMA(25) are converging, showing a potential slowing of the upward trend or possible consolidation.
3. Stochastic RSI:
The Stochastic RSI appears to be in the oversold region, suggesting the price could rebound or consolidate before further movement.
A cross upwards would indicate potential bullish momentum.
4. Volume:
The volume is substantial, with 1.28 billion HBAR traded in the last 24 hours, showing strong market participation.
Recent green volume bars indicate buying pressure, supporting the upward movement.
5. Resistance and Support Levels:
Resistance: $0.14744 (24-hour high) is a key level to watch.
Support: $0.13665 and $0.12600 are critical lower levels that could provide support if the price drops.
Summary:
The short-term trend is bullish, but the Stochastic RSI suggests a possible cooldown or consolidation. Watch for a break above $0.14744 for continued upside or a drop below $0.13665 as a sign of weakening momentum. Ensure to monitor market sentiment and news for potential impacts.
Longling Capital Withdraws 19,979 UNI ($261K) from Binance After 3 Years of Inactivity
Approximately 13 hours ago, Longling Capital withdrew 19,979 UNI (worth ~$261K) from Binance:
Transaction Hash: 0x2b5ac1e8e42d37610da32b8ace59a9187b93f65cdf10dc20a3a8c2b17702f201
Wallet Address: 0x83e3e8c045db446203d967e092172da7185e4bd8
This marks the start of their second UNI trade and their first UNI transaction in over three years. The withdrawn tokens have since been supplied to Aave, where they were used to borrow USDT.
Previous UNI Activity:
Between September 26, 2020, and January 22, 2022, Longling Capital traded 736,223 UNI.
The average buying price was $18.15, while the average selling price was $16.91, resulting in an estimated loss of $913K (-6.83%).
This new activity may signal renewed interest in UNI or a strategic shift in their portfolio management, particularly with their use of Aave to leverage USDT loans.
#uni $UNI
{spot}(UNIUSDT)
{future}(UNIUSDT)
ETH rises 9% on capital inflows, bulls target $4,522
Capital inflows are substantial as the ETH/BTC ratio grows 15%.
A positive open interest and futures premium indicate traders' enthusiasm toward ETH.
Ethereum may rise to $4,522 if it breaks a crucial ascending trendline barrier.
Ethereum (ETH) rose 9% on Wednesday due to ETH ETF capital inflows and a sharp rise in open interest and futures premium. If positive momentum continues, ETH may break $4,093's annual high and reach $4,522.
Coinglass statistics showed $40.6 million in net inflows for Ethereum ETFs on Tuesday, their third straight day of positive flows. This follows two Bitcoin ETF net outflows.
BTC ETF outflows used to pull ETH along, but now ETH ETFs are carving their own course.
Positive flows may be due to investors switching from Bitcoin to ETH ahead of altcoin season.
Altcoin season is when investors take gains from the Bitcoin bull market and invest in altcoins, with Ethereum as the favourite.
Most investors are predicting an alt season since Ethereum has outperformed Bitcoin in recent weeks. Since falling to $0.3204 on November 21, the ETH/BTC ratio has risen nearly 15%.
Per Coinglass statistics, ETH open interest (OI) hit a record high of 6.55 million ETH worth $23.34 billion on Wednesday, maintaining its two-week surge.
Ethereum Price Forecast: A break over an ascending trendline barrier might finish the climb to $4,522.
Coinglass data shows Ethereum up 9% following $58.26 million in liquidations in 24 hours. Long and short liquidations were $28.52 million and $29.75 million.
The top cryptocurrency is attempting a rising trendline resistance from November 12 after breaking $3,400.
Maintaining positive momentum and overcoming trendline resistance may push ETH past its annual high of $4,093 to $4,522. The inverted Head-and-Shoulders rally ETH has hinted at for two weeks will be completed.
A daily candlestick closure below $2,817 will undermine the bullish premise and drop ETH to $2,300.
#Ethereum #ETH $ETH
{spot}(ETHUSDT)
Advance Smart Money stcher reading 🔥
Here are some advanced concepts in Smart Money Concept (SMC) trading:
Inducement (IDM)
The extreme point of the last pullback in a market structure that prompts traders to buy and sell.
Change of Character (CHoCH)
A notable alteration in the market's behavior, often seen through an abrupt increase in volatility or a shift in price direction.
Break of Structure (BOS)
A BOS occurs when the price surpasses a significant high or low, indicating a potential change in market trend.
Sweeped BOS
The first POI zone for counter-trend entries is right at the start, i.e., after a Sweeped BOS.
Other concepts in SMC trading include:
order blocks, breaker blocks, mitigation blocks, flip zones, fair value gaps, and liquidity grabs.
SMC is a trading strategy that helps traders interpret market movements by looking at institutional activities. The term "smart money" refers to the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals.
#bitcion #cz #thena #sol #crypto
🚀 $USUAL
{spot}(USUALUSDT)
/USDT Technical Analysis - Current Trend & Price Targets 🎯
As we observe the price movement of USUAL/USDT, the token has shown impressive growth, currently trading at $0.3133 — marking a +25.07% rise over the last 24 hours! Let’s dive into the key price levels and technical targets for the upcoming sessions:
📈 Target 1: $0.3300 (Resistance Zone)
The $0.3300 level is acting as a strong resistance. We’ve seen the price test this level multiple times in the last 24 hours. A break above this resistance could lead to further upward momentum, targeting the next key level.
🔻 Target 2: $0.2411 (Support Zone)
On the downside, the $0.2411 level remains a crucial support. Should the price retrace, this level could provide significant buying opportunities for those looking to enter at a lower price point.
🔄 Target 3: $0.3000 (Mid-range Level)
The $0.3000 level serves as a psychological mid-range level. If price consolidates near this point, it might set the stage for another breakout or continuation depending on overall market sentiment.
🧐 Additional Insights:
24h Volume: 120.02M (USUAL)
Market Depth: 31.7% at $0.3300
Money Flow: Positive, indicating healthy buying interest
⚡ Watch Out! The price action over the next few hours will be crucial in determining whether we’ll break through the current resistance at $0.3300 or if we’ll see a retracement toward the $0.2411 support. Keep an eye on these levels for potential trades!
#BSCOnTheRise #MarketInTheGreen #GDPSteadyPCE2.1Down #MarketBuyOrHold? #BinanceHODLerTHE
What happened in Crypto in the last 12h:
- $BTC Bounces Back to 97K
- $ETH.D ↑ + Eth Beta ↑
- $ETH ETF Continuous Positive Inflow
- Chinese' SOS Ltd Plans Buying $50m $BTC
- Vancouver Plans $BTC Investment
- Celsius Network Begins 2nd Distribution
- $USDC Newly Minted +400m
- $AUCTION Big Things Coming
- $BAT Unveils Roadmap 3.0
👇
• $BTC - Bitcoin has bounced back to around 97K and with $BTC dominance going down, alts are getting a boost.
• $ETH - $ETH dominance is on the rise as ETHBTC continues to perform well. As a result, ETH betas are gaining traction. $ENS $UNI $ARB $LDO $ENA $ETHFI $AAVE
• $ETH Spot ETF inflows are increasing and have seen more than 3 days of positive inflows. While Bitcoin ETFs were negative on November 25 and 26, ETH was positive.
• Chinese publicly traded company SOS is planning to buy up to $50m worth of $BTC.
• $USDC - $USDC has been minted by the USDC Treasury for over 400m at multiple times.
• Ken Sim, mayor of Vancouver, Canada's third largest city, announced plans to include bitcoin in the city's investment portfolio to diversify its assets and make Vancouver a bitcoin-friendly city.
• Celsius Network is distributing $127M to eligible creditors as part of its second payment under bankruptcy proceedings.
• $AUCTOIN - Bounce finance mentioned that big things are coming for auction holders on the X channel. One is likely to be revealed tomorrow.
• $BAT - Basic Attention Token has released Roadmap 3.0. This roadmap includes Brave Rewards 3.0 in Q1 2025 + AI-driven $BAT utility.
🚀 Crypto Gainers of the Day! 🌟
The crypto market is buzzing with massive gains across altcoins! 🔥 Check out these insane 24-hour surges:
💎 #PROPHET leads the pack with a jaw-dropping 1,214,568,600% gain—yes, you read that right! Price skyrocketed to $80.40T. 🤯
👑 #KINGTRUMP saw a massive leap, up 1,694%, now trading at $0.0070268. 💥
🌿 $VIRES climbed 2,932% to $3.07, while THE surged 2,241% to $0.04704. 🌟
⚡ $ALPHA AI, $XCHF, and $NEVA continue to impress with four-digit percentage growth—this is what a bull rally feels like! 📈
The crypto space is witnessing exponential growth—don’t miss the action.
📊 Which of these coins are you watching?
🚀 $IRIS
{spot}(IRISUSDT)
/USDT Technical Analysis & Price Targets 🎯
Looking at the current market trend for IRIS/USDT, we’ve seen some notable price fluctuations in the last 24 hours, with a decrease of nearly 24.93% from its high. Let’s break down the key levels and potential targets:
1️⃣ Target 1 - Support Zone:
0.00750 USDT – The price is currently hovering near this support level, and this could be a potential entry point for those looking to buy the dip. If this level holds, a rebound towards higher targets is possible.
2️⃣ Target 2 - Resistance Zone:
0.00820 USDT – A possible resistance level as IRIS might attempt a recovery. Watching for price action around this zone will be key to understanding the next move.
3️⃣ Target 3 - Bullish Breakout Level:
0.00900 USDT – If the price breaks above this level, a strong bullish momentum could push IRIS towards the higher levels. A successful breakout could bring us closer to a test of the 0.01000 USDT range again.
🧐 Strategy:
Bullish Reversal: Watch for confirmation at 0.00750 for a potential upward move.
Bearish Continuation: If price fails to hold the support, we could see further downside, testing lower levels.
#BSCOnTheRise #MarketInTheGreen #MarketBuyOrHold? #BinanceHODLerTHE #XRPMarketShift
This whale activity reveals a calculated approach to realizing profits from ENS holdings.
Here's a detailed analysis:
Whale Activity Overview:
Recent Deposit:
50,000 ENS (~$1.66M) deposited to Binance.
This deposit comes after 5 months of inactivity, likely signaling a strategic profit-taking move.
Transaction Hash: 0xcd21e12aef8a403b6e3a6160e156bc317a2db073b71a029bbdb04e960dfceab1
Address: 0x1d89ca6024cf2c124a02f9bd28a36ba37698a682
Long-Term ENS Holding:
The whale withdrew 322,739 ENS from OKX and Gate.io between August 19 and November 11, 2022, at an average price of $13.86, spending ~$4.47M.
Profit Realization:
Since January 4, 2024, has deposited 272,739 ENS to Binance at an average price of $20.75, totaling ~$5.66M.
Estimated profit: $2.83M (+63.2%) from these trades.
Current Holdings:
Still holds 50,000 ENS (~$1.64M), possibly waiting for further price appreciation or liquidity opportunities.
Insights:
The whale's long-term buy-and-hold strategy is paying off significantly, with a disciplined approach to selling into strength.
Binance activity suggests liquidation or a potential setup for other investment opportunities.
ENS Market Impact:
This deposit could introduce short-term selling pressure, depending on how quickly the funds are offloaded. Keeping an eye on further transactions from 0x1d89ca6024cf2c124a02f9bd28a36ba37698a682 and the ENS price movement is advisable.
#ENS $ENS
{spot}(ENSUSDT)
{future}(ENSUSDT)