LSK is testing local support near its recent lows around $0.070–$0.073. Oscillators like CCI indicate potential short-term oversold bounces, but overhead moving averages maintain downward pressure. A clean breakout above $0.085 is necessary to trigger a short-term trend shift, while losing $0.070 support could lead to further price discovery. #Binance #BinanceSquare #Write2Earn #news #Market_Update $LSK $VTHO
STEEM has broken through major short-term overhead resistance near $0.055, driven by a 30x spike in daily trading volume. While the momentum remains heavily bullish, momentum oscillators like RSI and Stochastic RSI are pushing near overbought territory, signaling potential consolidation or a short-term pull-back to test support near $0.060 before continuing upward. A decisive close above $0.087 would target psychological resistance around $0.10. #Binance #BinanceSquare #Write2Earn #Market_Update #news $LSK $POWR
Polymesh ($POLYX ) is showing short-term bullish momentum today, bouncing strongly off lower support bounds with elevated trading volume. Current Market Overview
POLYX has pushed past its initial local resistance near $0.038 following an influx of volume. The momentum indicators suggest buyers are firmly in control in the immediate term. Holding above the $0.038 flip zone is critical for maintaining this breakout; a sustained move past $0.045 could open up a retest of major psychological targets at $0.050. #Binance #BinanceSquare #Write2Earn #trading #news $LSK $POLYX
#cpiwatch CPIWatch CPI came in hotter than expected. Now BTC gets more interesting. Yesterday, PPI was already a bit uncomfortable at 5.4% against 5.3% expected. Today’s CPI looked okay at first. Headline CPI came in at 0.4% month-on-month and 3.4% year-on-year, pretty much in line with expectations. But core CPI is what caught my attention. Core CPI came in at 0.3% m/m, higher than the 0.2% expected, while the yearly figure was 2.4%. That’s the number I’m watching closely. Headline inflation can move because of food and energy prices. Core CPI gives us a better look at the underlying inflation pressure. The timing also matters. This is the last major inflation report before the Fed meeting on September 15–16. So now we have hot PPI followed by stronger core CPI. I’m not ready to predict BTC’s next move yet. I want to see how yields, DXY and BTC react to this data. Sometimes the numbers look bearish, but the market tells a different story. Has this CPI changed your view on the Fed’s next move, or are you waiting for the FOMC statement? #CPIWatch #BTC #Bitcoin #Crypto