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馃殌馃殌馃殌 #Bitcoinprice Eyes Recovery But Can #BTC馃敟馃敟 Bulls Regain Strength? Bitcoin is attempting to break above the $40,500 resistance, but faces strong hurdles near $40,850 and $41,350. Currently trading just above $40,000 and the 100 hourly Simple Moving Average (SMA), BTC is in a recovery phase from the $38,500 support. After forming a base, Bitcoin recovered above the 23.6% Fib retracement level of the downward move from $42,261 to $38,518. Active buying is noted above $39,200 and $39,350 levels. However, challenges lie ahead around $40,400, with immediate resistance near $40,250. A crucial bearish trend line is forming, presenting a hurdle at $40,250 on the hourly chart of the BTC/USD pair. Further obstacles include $40,380 and the 50% Fib retracement level, above which the price might test $40,850. A clear breakthrough above $40,850 could lead to a test of $41,250, followed by significant resistance at $42,000. A close above $42,000 might propel the price even higher, with the next major resistance at $42,500. On the downside, failure to surpass the $40,380 resistance may trigger a decline. Initial support is near $39,420, followed by a more substantial support at $38,500. A close below $38,500 could pave the way for bearish momentum, potentially leading to a decline towards the $37,000 support in the near term. Technical indicators reveal the MACD losing pace in the bearish zone, while the RSI for BTC/USD is above the 50 level. Key support levels include $39,420 and $38,500, while resistance levels are at $40,250, $40,400, and $40,850. Source - newsbtc.com #CryptoNews $BTC #BinanceSquare #cryptocurrency

馃殌馃殌馃殌 #Bitcoinprice Eyes Recovery But Can #BTC馃敟馃敟 Bulls Regain Strength?

Bitcoin is attempting to break above the $40,500 resistance, but faces strong hurdles near $40,850 and $41,350. Currently trading just above $40,000 and the 100 hourly Simple Moving Average (SMA), BTC is in a recovery phase from the $38,500 support.

After forming a base, Bitcoin recovered above the 23.6% Fib retracement level of the downward move from $42,261 to $38,518. Active buying is noted above $39,200 and $39,350 levels. However, challenges lie ahead around $40,400, with immediate resistance near $40,250. A crucial bearish trend line is forming, presenting a hurdle at $40,250 on the hourly chart of the BTC/USD pair.

Further obstacles include $40,380 and the 50% Fib retracement level, above which the price might test $40,850. A clear breakthrough above $40,850 could lead to a test of $41,250, followed by significant resistance at $42,000. A close above $42,000 might propel the price even higher, with the next major resistance at $42,500.

On the downside, failure to surpass the $40,380 resistance may trigger a decline. Initial support is near $39,420, followed by a more substantial support at $38,500. A close below $38,500 could pave the way for bearish momentum, potentially leading to a decline towards the $37,000 support in the near term.

Technical indicators reveal the MACD losing pace in the bearish zone, while the RSI for BTC/USD is above the 50 level. Key support levels include $39,420 and $38,500, while resistance levels are at $40,250, $40,400, and $40,850.

Source - newsbtc.com

#CryptoNews $BTC #BinanceSquare #cryptocurrency

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馃敟馃敟馃敟 TON airdrops $2.2m to meme coin traders amid #Toncoin 鈥檚 new all-time high TON Foundation has distributed 300,000 Toncoin to active meme coin traders, marking a significant move within the #cryptocurrency space. Valued at approximately $2.19 million, Toncoins (TON) were airdropped to the most engaged meme coin traders on the DeDust and Ston.fi platforms. Eligibility for the airdrop was based on traders' activity between March 4 and April 10, specifically involving transactions on these platforms and trading whitelisted meme coins. Participants had the opportunity to earn up to 90 free tokens per wallet through this reward system. However, to maintain fairness, Sybil addresses were disqualified from the snapshot, ensuring a fair distribution of tokens. Before the announcement of the airdrop, Toncoin had already broken its all-time high (#ATH ) once again, experiencing a remarkable 14% surge within 24 hours, reaching an impressive $7.65 per token. However, following the news of the airdrop, TON saw a slight retracement of 5%, settling at $7.22. This move by the TON Foundation aims to further encourage meme coin trading and investment on TON's blockchain, especially in the wake of a meme frenzy that has seen some users achieve substantial gains in the cryptocurrency market. On platforms like Solana blockchain, tokens such as Dogwifhat ($WIF ) and Book of Meme ($BOME ) have garnered billions in market capitalization, rewarding early adopters and investors with significant returns on their investments. Source - crypto.news #CryptoNews馃敀馃摪馃毇 #BinanceSquareTalks
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馃憠馃憠馃憠 #Ethereum Price Faces Crucial Test, Can $ETH Clear This Hurdle To Kickstart Rally? Ethereum's price is currently consolidating above the crucial $3,450 support level, with a requirement to surpass $3,560 and $3,620 to initiate a fresh uptrend in the short term. Presently, Ethereum is trading within a range above the pivotal $3,450 support level. It maintains its position above $3,500 and the 100-hourly Simple Moving Average. On the hourly chart of ETH/USD, a new bearish trend line is forming, indicating resistance around $3,550. ETH made an attempt to breach the $3,550 resistance, even reaching above $3,600, but similar to Bitcoin, it encountered resistance. The price peaked at $3,614 before retracing gains and dropping below $3,500 to reach as low as $3,476. However, it's currently rebounding and climbing back above $3,500. There's been a move above the 23.6% Fibonacci retracement level of the recent downturn from $3,614 to $3,476. Ethereum now trades above $3,500 and the 100-hourly Simple Moving Average. Immediate resistance is anticipated near $3,550 or the 50% Fibonacci retracement level of the recent decline. A bearish trend line is forming with resistance at $3,550. Key resistance levels include $3,620 and $3,650, with potential for a rally towards $3,720 and $3,750. Breaking above $3,820 could push Ethereum to $4,000. Failure to breach $3,550 may lead to a decline. Initial support is at $3,500, followed by $3,475 and $3,420. Breaking below $3,420 may lead to $3,320 and $3,240 levels. Analyzing technical indicators, the hourly MACD for ETH/USD indicates a loss of momentum in the bearish zone, while the hourly RSI is currently above the 50 level. - Key Support Level: $3,475 - Key Resistance Level: $3,550 #CryptoNews馃敀馃摪馃毇 #BinanceSquareTalks #cryptocurrency
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馃敟馃敟馃敟 #shibaInu Army Makes Strong Showing at #NFT .#Nyc 2024: Details The recent NFT.NYC event witnessed a significant presence from the Shiba Inu Army, showcasing various NFT community projects that underscored SHIB鈥檚 influence in the NFT space. The latest issue of $SHIB Magazine dedicated a section to highlight the Shiba Inu community's participation in the 2024 edition of NFT.NYC. It emphasized the notable presence of several community members leading the charge in the NFT sector, evident from their active involvement in the New York City NFT event. Prominent Shiba Inu NFT projects like AIRian, Tutti Frutti Women (TFW), Shib CoOp, and ShibaPunkz were among those represented. The Shiba Inu team highlighted their presence as a testament to the growing impact of the Shiba Inu community within the NFT domain. Representatives from TFW, Shib CoOp, and ShibaPunkz shared their experiences at the event during interviews conducted by the Shiba Inu magazine crew. TFW, particularly notable since its expansion to Shibarium in January 2024, expressed pride in being featured at NFT.NYC. Andreia, the creator of TFW, mentioned that their artwork was showcased at the Rooftop Artists Village gallery, with VIPs and speakers receiving a preview during the VIP & Speaker Reception. NFT.NYC increased TFW's exposure by featuring their NFTs on postcards and distributing tickets for general admission. This recognition validates the TFW community's efforts and boosts SHIB's position in the NFT space. CryptoQueen from Shib CoOp noted the lively atmosphere and increased engagement at the 2024 NFT.NYC event compared to previous years. Arcturus, a ShibaPunkz member, highlighted networking opportunities and innovative utilities like MINTangible and Gaudiy. The event, held from April 3 to 5 at the Javits Center in New York City, showcased the transformative potential of NFTs, addressing copyright and environmental concerns while uniting artists, enthusiasts, and investors. Source - thecryptobasic.com #CryptoNews馃敀馃摪馃毇 #BinanceSquareTalks
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