Binance Square
BitwiseBitcoinETF
33,744 views
21 Posts
Hot
Latest
LIVE
LIVE
6thTrade
--
60 Million XRP Sent to Major Exchanges: What’s Happening with XRP?Oct 3, 2024 6thTrade The situation is becoming increasingly concerning for XRP as selling pressure mounts. The price of XRP is notably down today, with market bears clearly in control. Unfortunately, XRP has been one of the worst-performing cryptocurrencies over the past few days. While even market leaders like Bitcoin (BTC) have seen some declines, they haven’t been as severe as what’s happening with XRP. Adding to the concerns, it seems XRP whales are losing confidence and stepping up their selling activity. Whale Alert, a crypto tracking service, has spotted three significant XRP transfers directed to major crypto exchanges. These possible sell-offs are casting a bearish shadow over the market, leaving little hope for short-term price gains. Growing Selling Pressure The first major transaction saw an influential investor move about 17.94 million XRP tokens from a private wallet to Bitstamp. With XRP’s current valuation, this transfer is worth approximately $10.2 million. Shortly afterward, Whale Alert flagged another large XRP transfer involving a different major investor. In this second transfer, around 22 million XRP tokens were sent to the exchange Bitso, also from a private wallet. This transaction is currently valued at about $11.7 million. But that wasn’t all—shortly after these two, Whale Alert picked up on yet another large transfer. The third major move involved 20 million XRP tokens sent from a private wallet to Binance, the largest crypto exchange in the world. This transfer is estimated to be worth roughly $10.7 million. Altogether, these three transactions moved almost 60 million XRP, valued at approximately $32.6 million, to trading platforms. Impact on XRP's Price As these sales hit the market, XRP’s price has struggled to hold its ground. At the time of writing, XRP is trading at $0.5177, having experienced a sharp drop of 11.59% in the last 24 hours alone. The current scenario for XRP looks bleak, with the price showing no signs of stabilizing. If the whales continue dumping their holdings, we could see XRP’s price tumble further in the near term. For XRP holders, the situation is tense, and all eyes are on the whales. Continued selling could push prices down even more, making it a challenging time for anyone hoping for a recovery. $XRP {future}(XRPUSDT) {spot}(XRPUSDT) #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

60 Million XRP Sent to Major Exchanges: What’s Happening with XRP?

Oct 3, 2024

6thTrade

The situation is becoming increasingly concerning for XRP as selling pressure mounts. The price of XRP is notably down today, with market bears clearly in control. Unfortunately, XRP has been one of the worst-performing cryptocurrencies over the past few days. While even market leaders like Bitcoin (BTC) have seen some declines, they haven’t been as severe as what’s happening with XRP.
Adding to the concerns, it seems XRP whales are losing confidence and stepping up their selling activity. Whale Alert, a crypto tracking service, has spotted three significant XRP transfers directed to major crypto exchanges. These possible sell-offs are casting a bearish shadow over the market, leaving little hope for short-term price gains.
Growing Selling Pressure
The first major transaction saw an influential investor move about 17.94 million XRP tokens from a private wallet to Bitstamp. With XRP’s current valuation, this transfer is worth approximately $10.2 million. Shortly afterward, Whale Alert flagged another large XRP transfer involving a different major investor.
In this second transfer, around 22 million XRP tokens were sent to the exchange Bitso, also from a private wallet. This transaction is currently valued at about $11.7 million. But that wasn’t all—shortly after these two, Whale Alert picked up on yet another large transfer.
The third major move involved 20 million XRP tokens sent from a private wallet to Binance, the largest crypto exchange in the world. This transfer is estimated to be worth roughly $10.7 million. Altogether, these three transactions moved almost 60 million XRP, valued at approximately $32.6 million, to trading platforms.
Impact on XRP's Price
As these sales hit the market, XRP’s price has struggled to hold its ground. At the time of writing, XRP is trading at $0.5177, having experienced a sharp drop of 11.59% in the last 24 hours alone. The current scenario for XRP looks bleak, with the price showing no signs of stabilizing. If the whales continue dumping their holdings, we could see XRP’s price tumble further in the near term.
For XRP holders, the situation is tense, and all eyes are on the whales. Continued selling could push prices down even more, making it a challenging time for anyone hoping for a recovery. $XRP


#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
SOL/USDT Nearing Oversold Territory, Short-Term Relief Bounce Possible $SOL {spot}(SOLUSDT) {future}(SOLUSDT) 200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $139.92, reinforcing the bearish trend. Key Indicators:RSI (Relative Strength Index):Current Value: 28.43, which is below the typical oversold threshold of 30. This suggests that the selling might be overextended, hinting at a potential bounce if buyers enter the market.MACD (Moving Average Convergence Divergence):MACD Line: -1.34Signal Line: -2.79Histogram: The histogram is negative and appears to be widening, indicating a continuation of bearish momentum. The MACD line being below the signal line further supports the current downtrend. Resistance Levels:Immediate Resistance: $140.00, which aligns with the 200-period MA and is a critical level to reclaim for any bullish reversal. Support Levels:Immediate Support: $130.00, which has been a significant level in previous trading sessions. A break below this level could accelerate the downtrend. Bullish Scenario: A bullish reversal requires the price to reclaim $140.00, ideally surpassing the next resistance at $160.00. Additionally, an RSI moving above 30 and a narrowing MACD histogram would provide further confirmation of a shift in momentum.Bearish Scenario: If the price falls below $130.00, this could result in a deeper correction towards $120.00. A breach below $120.00 would signify an acceleration of bearish pressure and continuation of the downward trend. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and it is essential to conduct thorough research before making any trading decisions. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF
SOL/USDT Nearing Oversold Territory, Short-Term Relief Bounce Possible
$SOL


200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $139.92, reinforcing the bearish trend.

Key Indicators:RSI (Relative Strength Index):Current Value: 28.43, which is below the typical oversold threshold of 30. This suggests that the selling might be overextended, hinting at a potential bounce if buyers enter the market.MACD (Moving Average Convergence Divergence):MACD Line: -1.34Signal Line: -2.79Histogram: The histogram is negative and appears to be widening, indicating a continuation of bearish momentum. The MACD line being below the signal line further supports the current downtrend.

Resistance Levels:Immediate Resistance: $140.00, which aligns with the 200-period MA and is a critical level to reclaim for any bullish reversal.

Support Levels:Immediate Support: $130.00, which has been a significant level in previous trading sessions. A break below this level could accelerate the downtrend.

Bullish Scenario: A bullish reversal requires the price to reclaim $140.00, ideally surpassing the next resistance at $160.00. Additionally, an RSI moving above 30 and a narrowing MACD histogram would provide further confirmation of a shift in momentum.Bearish Scenario: If the price falls below $130.00, this could result in a deeper correction towards $120.00. A breach below $120.00 would signify an acceleration of bearish pressure and continuation of the downward trend.

Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Cryptocurrency markets are highly volatile, and it is essential to conduct thorough research before making any trading decisions.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF
$SEI {future}(SEIUSDT) {spot}(SEIUSDT) 200-Period Moving Average (MA): The price is currently above the 200-period MA, which is at $0.3414. This is a positive signal as it indicates that, over the long-term, bulls are still in control. RSI (Relative Strength Index):Current Value: 39.11, which is below the neutral 50 level but not yet oversold. It suggests that momentum is still slightly bearish, but the price could be stabilizing. A move towards oversold territory (below 30) could trigger a relief rally.MACD (Moving Average Convergence Divergence):MACD Line: -0.0062Signal Line: -0.0109Histogram: Negative and widening, indicating increasing bearish momentum. The MACD line is below the signal line, reinforcing the presence of a bearish trend without signs of an imminent reversal yet. Resistance Levels:Immediate Resistance: $0.4500, which coincides with recent highs. Reclaiming this level would be crucial for any short-term bullish momentum to re-establish itself. Support Levels:Immediate Support: $0.3800, a recent consolidation level that has provided support multiple times. Maintaining this support level is key to avoiding a deeper decline. Bullish Scenario:A bullish reversal would require a breakout above $0.4500, ideally accompanied by an increase in RSI towards 50 or beyond and a narrowing of the MACD histogram. Bearish Scenario:A failure to hold the immediate support at $0.3800 could lead to a decline towards $0.3000. This significant support must hold to prevent a more extended bearish trend. Disclaimer: This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it's essential to conduct your own research before making trading decisions. #6thTrade #MarketSentimentToday #Market_Update #BitwiseBitcoinETF
$SEI

200-Period Moving Average (MA): The price is currently above the 200-period MA, which is at $0.3414. This is a positive signal as it indicates that, over the long-term, bulls are still in control.

RSI (Relative Strength Index):Current Value: 39.11, which is below the neutral 50 level but not yet oversold. It suggests that momentum is still slightly bearish, but the price could be stabilizing. A move towards oversold territory (below 30) could trigger a relief rally.MACD (Moving Average Convergence Divergence):MACD Line: -0.0062Signal Line: -0.0109Histogram: Negative and widening, indicating increasing bearish momentum. The MACD line is below the signal line, reinforcing the presence of a bearish trend without signs of an imminent reversal yet.

Resistance Levels:Immediate Resistance: $0.4500, which coincides with recent highs. Reclaiming this level would be crucial for any short-term bullish momentum to re-establish itself.

Support Levels:Immediate Support: $0.3800, a recent consolidation level that has provided support multiple times. Maintaining this support level is key to avoiding a deeper decline.

Bullish Scenario:A bullish reversal would require a breakout above $0.4500, ideally accompanied by an increase in RSI towards 50 or beyond and a narrowing of the MACD histogram.

Bearish Scenario:A failure to hold the immediate support at $0.3800 could lead to a decline towards $0.3000. This significant support must hold to prevent a more extended bearish trend.

Disclaimer:
This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it's essential to conduct your own research before making trading decisions.

#6thTrade #MarketSentimentToday #Market_Update #BitwiseBitcoinETF
NEIRO/USDT Bearish Momentum Sustained, Buyers Await Key Levels for Reversal $NEIRO {spot}(NEIROUSDT) {future}(NEIROUSDT) 200-Period Moving Average (MA): The price is currently below the 200-period MA ($0.00092264), indicating bearish momentum and a potential continuation of the current downtrend. RSI (Relative Strength Index): Current Value: 35.43. While not yet oversold, it is approaching the oversold threshold of 30. This suggests that there may still be room for further declines, but a potential rebound could be on the horizon if buyers begin to step in. MACD (Moving Average Convergence Divergence): MACD Line: -0.00001498Signal Line: -0.00004580Histogram: The histogram is negative and widening, indicating a continuation of bearish momentum. The MACD line remaining below the signal line further reinforces the presence of bearish sentiment without any strong indications of reversal yet. Support and Resistance Levels: Resistance Levels: Immediate Resistance: $0.0009000, which is slightly above the 200-period MA. Overcoming this level would be the first sign that buyers are starting to regain some control. Support Levels: Immediate Support: $0.0008500, a key level that could serve as a near-term floor. Maintaining this level is crucial to avoid further declines. Bullish Scenario: For any bullish reversal to materialize, the price needs to surpass $0.0009000 and ideally push beyond $0.0010000. Additionally, an RSI moving towards 50 and a narrowing MACD histogram could signal a potential positive shift in market momentum. Bearish Scenario: Should the price break below the $0.0008500 support, it could lead to further declines towards $0.0008000 or lower. Continued negative divergence in MACD Disclaimer: This analysis is intended for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and it is essential to conduct your own research before making trading decisions. #6thTrade #Market_Update #SECFilesAppealRipple #BitwiseBitcoinETF
NEIRO/USDT Bearish Momentum Sustained, Buyers Await Key Levels for Reversal
$NEIRO


200-Period Moving Average (MA): The price is currently below the 200-period MA ($0.00092264), indicating bearish momentum and a potential continuation of the current downtrend.

RSI (Relative Strength Index):
Current Value: 35.43. While not yet oversold, it is approaching the oversold threshold of 30. This suggests that there may still be room for further declines, but a potential rebound could be on the horizon if buyers begin to step in.
MACD (Moving Average Convergence Divergence):
MACD Line: -0.00001498Signal Line: -0.00004580Histogram: The histogram is negative and widening, indicating a continuation of bearish momentum. The MACD line remaining below the signal line further reinforces the presence of bearish sentiment without any strong indications of reversal yet.
Support and Resistance Levels:
Resistance Levels:
Immediate Resistance: $0.0009000, which is slightly above the 200-period MA. Overcoming this level would be the first sign that buyers are starting to regain some control.

Support Levels:
Immediate Support: $0.0008500, a key level that could serve as a near-term floor. Maintaining this level is crucial to avoid further declines.

Bullish Scenario: For any bullish reversal to materialize, the price needs to surpass $0.0009000 and ideally push beyond $0.0010000. Additionally, an RSI moving towards 50 and a narrowing MACD histogram could signal a potential positive shift in market momentum.
Bearish Scenario: Should the price break below the $0.0008500 support, it could lead to further declines towards $0.0008000 or lower. Continued negative divergence in MACD

Disclaimer:
This analysis is intended for informational purposes only and should not be considered financial advice. Market conditions can change rapidly, and it is essential to conduct your own research before making trading decisions.

#6thTrade #Market_Update #SECFilesAppealRipple #BitwiseBitcoinETF
PEPE/USDT Bears Remain in Control; Relief Bounce May Be Ahead $PEPE {spot}(PEPEUSDT) 200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $0.00000819. This suggests a bearish market sentiment, as the price is unable to sustain above this key average. RSI (Relative Strength Index):Current Value: 34.08, which is near the oversold threshold of 30. This suggests that the market is oversold, and a relief bounce could occur if buyers gain momentum.MACD (Moving Average Convergence Divergence):MACD Line: -0.0000018Signal Line: -0.0000038Histogram: The histogram is negative and widening, which indicates a continuation of bearish momentum. The MACD line is below the signal line, further confirming the downtrend with no immediate signs of reversal. Resistance Levels: Immediate Resistance: $0.00000900, aligning closely with the 200-period MA. Reclaiming this level is crucial for any short-term bullish reversal. Support Levels: Immediate Support: $0.00000800, which has been a significant level in recent sessions. Holding above this support is critical to avoid a deeper decline. Bullish Scenario: For a reversal, the price must move above $0.00000900, ideally surpassing the $0.00001200 resistance. A positive shift would be confirmed by an improving RSI (moving towards 50) and narrowing of the MACD histogram. Bearish Scenario: A break below $0.00000800 could lead to a deeper correction towards $0.00000650. A sustained drop below this level would indicate strong bearish pressure and a continuation of the downtrend. Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to conduct your own research before making any trading decisions. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #MarketSentimentToday
PEPE/USDT Bears Remain in Control; Relief Bounce May Be Ahead
$PEPE

200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $0.00000819. This suggests a bearish market sentiment, as the price is unable to sustain above this key average.

RSI (Relative Strength Index):Current Value: 34.08, which is near the oversold threshold of 30. This suggests that the market is oversold, and a relief bounce could occur if buyers gain momentum.MACD (Moving Average Convergence Divergence):MACD Line: -0.0000018Signal Line: -0.0000038Histogram: The histogram is negative and widening, which indicates a continuation of bearish momentum. The MACD line is below the signal line, further confirming the downtrend with no immediate signs of reversal.

Resistance Levels:
Immediate Resistance: $0.00000900, aligning closely with the 200-period MA. Reclaiming this level is crucial for any short-term bullish reversal.

Support Levels:
Immediate Support: $0.00000800, which has been a significant level in recent sessions. Holding above this support is critical to avoid a deeper decline.

Bullish Scenario:
For a reversal, the price must move above $0.00000900, ideally surpassing the $0.00001200 resistance. A positive shift would be confirmed by an improving RSI (moving towards 50) and narrowing of the MACD histogram.

Bearish Scenario:
A break below $0.00000800 could lead to a deeper correction towards $0.00000650. A sustained drop below this level would indicate strong bearish pressure and a continuation of the downtrend.

Disclaimer:
This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to conduct your own research before making any trading decisions.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #MarketSentimentToday
WIF/USDT Trading Below VWAP, Approaching Key Support at $2.000 $WIF {future}(WIFUSDT) {spot}(WIFUSDT) 200-Period Moving Average (MA): The price is currently above the 200-period moving average, which stands at $1.772. This indicates that the long-term trend is still bullish despite the recent pullback, but there is risk of losing this bullish stance if the price drops further. Key Indicators: RSI (Relative Strength Index): Current Value: 36.94, approaching the oversold threshold of 30. This suggests that the market is beginning to show signs of overselling, and a potential bounce could occur if buying interest emerges. MACD (Moving Average Convergence Divergence): MACD Line: -0.043Signal Line: -0.044Histogram: The histogram is negative, but the difference between the MACD and the signal line is minimal, indicating that the bearish momentum might be weakening. However, a clear sign of reversal is still absent, and the overall trend remains bearish. Resistance Levels: Immediate Resistance: $2.200, which is near the VWAP level. A move above this level would indicate some short-term recovery and could attract more buyers. Support Levels: Immediate Support: $2.000, a psychological level and key support in recent sessions. Maintaining this level is important to prevent further declines. Bullish Scenario: A bullish reversal would be confirmed if the price reclaims $2.200 and ideally $2.500. A narrowing of the MACD histogram alongside an RSI moving toward 50 would signal an improving market outlook. Bearish Scenario: If the price falls below $2.000, the next major level to watch would be $1.750. A drop below this support would indicate a stronger bearish continuation, potentially accelerating the downtrend. Disclaimer: This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to do your own research before making trading decisions. #6thTrade #MarketSentimentToday #BitwiseBitcoinETF #Market_Update
WIF/USDT Trading Below VWAP, Approaching Key Support at $2.000
$WIF


200-Period Moving Average (MA): The price is currently above the 200-period moving average, which stands at $1.772. This indicates that the long-term trend is still bullish despite the recent pullback, but there is risk of losing this bullish stance if the price drops further.

Key Indicators:
RSI (Relative Strength Index):
Current Value: 36.94, approaching the oversold threshold of 30. This suggests that the market is beginning to show signs of overselling, and a potential bounce could occur if buying interest emerges.
MACD (Moving Average Convergence Divergence):
MACD Line: -0.043Signal Line: -0.044Histogram: The histogram is negative, but the difference between the MACD and the signal line is minimal, indicating that the bearish momentum might be weakening. However, a clear sign of reversal is still absent, and the overall trend remains bearish.

Resistance Levels:
Immediate Resistance: $2.200, which is near the VWAP level. A move above this level would indicate some short-term recovery and could attract more buyers.

Support Levels:
Immediate Support: $2.000, a psychological level and key support in recent sessions. Maintaining this level is important to prevent further declines.

Bullish Scenario: A bullish reversal would be confirmed if the price reclaims $2.200 and ideally $2.500. A narrowing of the MACD histogram alongside an RSI moving toward 50 would signal an improving market outlook.

Bearish Scenario: If the price falls below $2.000, the next major level to watch would be $1.750. A drop below this support would indicate a stronger bearish continuation, potentially accelerating the downtrend.

Disclaimer:
This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to do your own research before making trading decisions.

#6thTrade #MarketSentimentToday #BitwiseBitcoinETF #Market_Update
Shiba Inu Whale Transactions Plummet from 9 Trillion to 5 Trillion: What Does It Mean for SHIB?Oct 3, 2024 6thTrade On-Chain Dynamics and Whale Activity Recently, Shiba Inu (SHIB) has seen a significant shift in on-chain dynamics, marked by a decrease in large transaction volumes from nine trillion SHIB to five trillion SHIB. This decline suggests a reduction in whale activity, which has often played a key role in major price movements. Despite the reduced transaction volumes, SHIB's on-chain health remains strong. 73% of SHIB’s supply is still held by large holders, indicating that whales continue to hold a significant portion of the asset, which reflects confidence in its longer-term potential. Currently, 46% of holders are at a loss, while 49% are in profit, suggesting a balance that still leans slightly toward a positive outlook. This kind of distribution highlights the resilience of SHIB’s ecosystem even amid mixed market movements. Technical Analysis SHIB is trading close to the $0.00001600 level, with several important technical factors coming into play, especially regarding support and resistance zones. Support Levels:The 50-day Exponential Moving Average (EMA), located at $0.00001578, is a crucial support level. If SHIB can hold above this level, there is potential for stabilization and perhaps a gradual recovery. The 50 EMA has historically been a good indicator of reversal zones, where buying pressure could increase.If there is a move below $0.00001578, the next significant support is around $0.00001452, which could provide a more substantial base to hold off further declines.Resistance Levels:The first resistance lies at $0.00001760. A breakout above this level could pave the way for a move towards $0.00001800. Though the drop in whale activity might make this more challenging, overcoming this resistance could lead to renewed upward momentum. Chart Observations From the chart: The yellow line (likely the 200-day EMA) shows SHIB currently below this level, pointing towards a more cautious, but potentially stabilizing trend in the larger context.Red markers near price peaks seem to indicate areas where momentum has weakened, while green markers suggest potential buying opportunities or points of increased buying interest. Since May, the overall trend has been leaning towards bearish, with multiple failed attempts to break key resistance points. However, if the price starts closing above both the 50-day and eventually the 200-day EMA, it could indicate a strengthening trend reversal. Outlook The current price level near $0.00001578 is crucial. If support holds, SHIB has the opportunity to regain some upward momentum. A successful rebound at this support level could generate a positive trend, especially if the price can push through $0.00001760 and eventually challenge higher resistance zones. Key Support Levels: $0.00001578 (50 EMA) and $0.00001452.Resistance Levels to Watch: $0.00001760 and $0.00001800. In summary, holding above $0.00001578 would be a constructive signal for future price action, with the possibility of resuming an upward trajectory. A stable base around current support levels, combined with a break through resistance, could set the stage for a positive move in the near term. Keeping an optimistic view, the ability to build above these levels may unlock new opportunities for continued growth and recovery. $SHIB {spot}(SHIBUSDT) #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

Shiba Inu Whale Transactions Plummet from 9 Trillion to 5 Trillion: What Does It Mean for SHIB?

Oct 3, 2024

6thTrade

On-Chain Dynamics and Whale Activity
Recently, Shiba Inu (SHIB) has seen a significant shift in on-chain dynamics, marked by a decrease in large transaction volumes from nine trillion SHIB to five trillion SHIB. This decline suggests a reduction in whale activity, which has often played a key role in major price movements. Despite the reduced transaction volumes, SHIB's on-chain health remains strong. 73% of SHIB’s supply is still held by large holders, indicating that whales continue to hold a significant portion of the asset, which reflects confidence in its longer-term potential.
Currently, 46% of holders are at a loss, while 49% are in profit, suggesting a balance that still leans slightly toward a positive outlook. This kind of distribution highlights the resilience of SHIB’s ecosystem even amid mixed market movements.
Technical Analysis
SHIB is trading close to the $0.00001600 level, with several important technical factors coming into play, especially regarding support and resistance zones.
Support Levels:The 50-day Exponential Moving Average (EMA), located at $0.00001578, is a crucial support level. If SHIB can hold above this level, there is potential for stabilization and perhaps a gradual recovery. The 50 EMA has historically been a good indicator of reversal zones, where buying pressure could increase.If there is a move below $0.00001578, the next significant support is around $0.00001452, which could provide a more substantial base to hold off further declines.Resistance Levels:The first resistance lies at $0.00001760. A breakout above this level could pave the way for a move towards $0.00001800. Though the drop in whale activity might make this more challenging, overcoming this resistance could lead to renewed upward momentum.
Chart Observations
From the chart:
The yellow line (likely the 200-day EMA) shows SHIB currently below this level, pointing towards a more cautious, but potentially stabilizing trend in the larger context.Red markers near price peaks seem to indicate areas where momentum has weakened, while green markers suggest potential buying opportunities or points of increased buying interest.
Since May, the overall trend has been leaning towards bearish, with multiple failed attempts to break key resistance points. However, if the price starts closing above both the 50-day and eventually the 200-day EMA, it could indicate a strengthening trend reversal.
Outlook
The current price level near $0.00001578 is crucial. If support holds, SHIB has the opportunity to regain some upward momentum. A successful rebound at this support level could generate a positive trend, especially if the price can push through $0.00001760 and eventually challenge higher resistance zones.

Key Support Levels: $0.00001578 (50 EMA) and $0.00001452.Resistance Levels to Watch: $0.00001760 and $0.00001800.
In summary, holding above $0.00001578 would be a constructive signal for future price action, with the possibility of resuming an upward trajectory. A stable base around current support levels, combined with a break through resistance, could set the stage for a positive move in the near term. Keeping an optimistic view, the ability to build above these levels may unlock new opportunities for continued growth and recovery. $SHIB

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
$VANRY {spot}(VANRYUSDT) {future}(VANRYUSDT) 200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $0.0983. This indicates a bearish trend and suggests that the market sentiment is leaning towards the downside. Key Indicators: RSI (Relative Strength Index): Current Value: 31.02, which is approaching the oversold threshold of 30. This implies that the current selling pressure may be overextended, and a potential bounce could occur if buyers begin to step in. MACD Line: -0.0013Signal Line: -0.0052Histogram: The histogram is negative and widening, indicating a continuation of bearish momentum. The MACD line is below the signal line, which reinforces the prevailing downtrend with no immediate signs of reversal. Resistance Levels: Immediate Resistance: $0.0900, which aligns closely with the 200-period MA. This level is crucial for any short-term bullish reversal. Reclaiming this level could potentially signal a shift in sentiment towards the buyers. Support Levels: Immediate Support: $0.0800, which has acted as a key level during recent sessions. Holding above this level is crucial to avoid further declines. Bullish Scenario: For a bullish reversal, the price must move back above $0.0900, ideally surpassing the secondary resistance at $0.1100. A move upwards, combined with an improving RSI moving closer to 50, and a narrowing of the MACD histogram, would indicate a potential positive shift. Bearish Scenario: If the price breaks below $0.0800, a deeper correction towards $0.0700 could occur. A break below this significant support would suggest sustained bearish pressure Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it is crucial to conduct your own research before making any trading decisions. #6thTrade #MarketSentimentToday #BitwiseBitcoinETF #SECFilesAppealRipple
$VANRY


200-Period Moving Average (MA): The current price is below the 200-period MA, which is at $0.0983. This indicates a bearish trend and suggests that the market sentiment is leaning towards the downside.

Key Indicators:
RSI (Relative Strength Index):
Current Value: 31.02, which is approaching the oversold threshold of 30. This implies that the current selling pressure may be overextended, and a potential bounce could occur if buyers begin to step in.

MACD Line: -0.0013Signal Line: -0.0052Histogram: The histogram is negative and widening, indicating a continuation of bearish momentum. The MACD line is below the signal line, which reinforces the prevailing downtrend with no immediate signs of reversal.

Resistance Levels:
Immediate Resistance: $0.0900, which aligns closely with the 200-period MA. This level is crucial for any short-term bullish reversal. Reclaiming this level could potentially signal a shift in sentiment towards the buyers.

Support Levels:
Immediate Support: $0.0800, which has acted as a key level during recent sessions. Holding above this level is crucial to avoid further declines.

Bullish Scenario: For a bullish reversal, the price must move back above $0.0900, ideally surpassing the secondary resistance at $0.1100. A move upwards, combined with an improving RSI moving closer to 50, and a narrowing of the MACD histogram, would indicate a potential positive shift.

Bearish Scenario: If the price breaks below $0.0800, a deeper correction towards $0.0700 could occur. A break below this significant support would suggest sustained bearish pressure

Disclaimer: This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it is crucial to conduct your own research before making any trading decisions.

#6thTrade #MarketSentimentToday #BitwiseBitcoinETF #SECFilesAppealRipple
SUI/USDT Buyers Hold Dominance, But Profit-Taking Pressures Could Trigger Short-Term Pullback $SUI {spot}(SUIUSDT) {future}(SUIUSDT) 200-Period Moving Average (MA): The current price is well above the 200-period MA, which stands at $1.0977. This suggests that the overall market sentiment is bullish, with buyers showing dominance. RSI (Relative Strength Index):Current Value: 79.05, indicating overbought conditions. This high RSI suggests that the current bullish run may be overextended, and there could be potential for a short-term correction unless buying continues with increased momentum.MACD (Moving Average Convergence Divergence):MACD Line: 0.0134Signal Line: 0.2015Histogram: The histogram is slightly positive, showing a weakening of upward momentum. The MACD line is below the signal line, suggesting a loss in bullish momentum, though no clear bearish crossover has been confirmed yet. Resistance Levels:Immediate Resistance: $1.9000, which aligns with the current VWAP level. Overcoming this resistance would reinforce the recent bullish trend. Support Levels:Immediate Support: $1.7500, which has been a recent level of consolidation. Holding this level would help sustain the current bullish structure. Bullish Scenario: For continued bullish momentum, the price needs to overcome $1.9000 and push beyond $2.0000. A breakout above this level, combined with the RSI settling closer to the 60-70 range, would suggest a strong bullish continuation. Bearish Scenario: If the price fails to hold above $1.7500, it could initiate a deeper pullback towards $1.5000. The MACD histogram becoming negative and RSI dropping below 50 would further indicate increased bearish pressure. Disclaimer: This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to do your own research before making trading decisions. #6thTrade #MarketSentimentToday #Market_Update #SECFilesAppealRipple #BitwiseBitcoinETF
SUI/USDT Buyers Hold Dominance, But Profit-Taking Pressures Could Trigger Short-Term Pullback
$SUI


200-Period Moving Average (MA): The current price is well above the 200-period MA, which stands at $1.0977. This suggests that the overall market sentiment is bullish, with buyers showing dominance.

RSI (Relative Strength Index):Current Value: 79.05, indicating overbought conditions. This high RSI suggests that the current bullish run may be overextended, and there could be potential for a short-term correction unless buying continues with increased momentum.MACD (Moving Average Convergence Divergence):MACD Line: 0.0134Signal Line: 0.2015Histogram: The histogram is slightly positive, showing a weakening of upward momentum. The MACD line is below the signal line, suggesting a loss in bullish momentum, though no clear bearish crossover has been confirmed yet.

Resistance Levels:Immediate Resistance: $1.9000, which aligns with the current VWAP level. Overcoming this resistance would reinforce the recent bullish trend.

Support Levels:Immediate Support: $1.7500, which has been a recent level of consolidation. Holding this level would help sustain the current bullish structure.

Bullish Scenario: For continued bullish momentum, the price needs to overcome $1.9000 and push beyond $2.0000. A breakout above this level, combined with the RSI settling closer to the 60-70 range, would suggest a strong bullish continuation.

Bearish Scenario: If the price fails to hold above $1.7500, it could initiate a deeper pullback towards $1.5000. The MACD histogram becoming negative and RSI dropping below 50 would further indicate increased bearish pressure.

Disclaimer:
This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to do your own research before making trading decisions.

#6thTrade #MarketSentimentToday #Market_Update #SECFilesAppealRipple #BitwiseBitcoinETF
Crypto Panic: Binance Flags 5 Altcoins for Potential Delisting – Prices Plummet!Oct 3, 2024 6thTrade Binance, the world’s largest cryptocurrency exchange, has placed five altcoins on its potential delisting watchlist, sending shockwaves through the crypto market. Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE) have all been added to Binance’s Monitoring Tag list, a clear signal that these tokens are under increased scrutiny due to rising risks and volatility. Monitoring Tag Sparks Fears of Delisting The addition of these altcoins to the Monitoring Tag list indicates that they may no longer meet Binance’s rigorous listing standards. The exchange employs the Monitoring Tag to single out tokens that are potentially falling short of their criteria, which includes a broad assessment ranging from the commitment of the project team and quality of development to liquidity, trading volume, and the safety and stability of the network. Responsiveness to Binance's due diligence requests also plays a crucial role in the evaluation process. In a warning to users, Binance stated, “Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.” This announcement has understandably spooked investors, leading to a swift decline in the value of the affected altcoins. Altcoins Crash Following Binance Announcement The market reacted almost immediately to Binance’s increased scrutiny of these five altcoins. VITE experienced the steepest fall, plummeting nearly 25%, while Prosper (PROS) and CLV were also hit hard, dropping 15.74% and 15.22%, respectively. The uncertainty surrounding potential delisting has driven these significant sell-offs, as traders rushed to mitigate potential losses. Despite the generally bearish sentiment, some of the altcoins demonstrated partial resilience. SelfKey (KEY) initially saw its value dip by 9%, but managed to recover slightly, now showing a 7.35% decline. Similarly, Bluzelle (BLZ) dropped by 12% before largely regaining its footing, with a more modest decline of 4.54%. Signs of Stability: Pendle and Sei No Longer Carry Seed Tag Interestingly, as these five tokens face increased scrutiny, Binance has made a contrasting decision regarding two other altcoins. Pendle (PENDLE) and Sei (SEI) have had their Seed Tags removed, indicating that these projects have shown progress and are now deemed less risky. The Seed Tag is typically applied to newer tokens that carry higher volatility and risk, and its removal is a positive sign that these projects are stabilizing and meeting Binance's standards for listing. Traders Beware: Monitoring and Seed Tag Requirements Tokens under Binance’s Monitoring or Seed Tags carry added requirements for users. To engage with these tagged assets, Binance mandates that traders complete a specific quiz every 90 days. These quizzes are designed to ensure that users fully understand the risks associated with trading such high-risk assets, emphasizing Binance's efforts to promote awareness among its users. A Tumultuous Market Response The potential delisting of BLZ, CLV, KEY, PROS, and VITE has highlighted the vulnerability of smaller, lesser-known altcoins within Binance’s ecosystem. The Monitoring Tag serves as a stern warning that projects must continue to meet stringent standards to maintain their listing on one of the largest exchanges in the world. For traders, this recent development underlines the importance of staying informed and recognizing the risks associated with volatility, especially for assets under Binance’s watch. Meanwhile, the removal of the Seed Tag for Pendle and Sei may serve as a reminder that projects can overcome their volatile beginnings and establish themselves as more stable investments. As the crypto market continues to evolve, Binance’s tagging system will likely remain a critical tool in distinguishing between projects that are on the path to growth and those that are struggling to keep up. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

Crypto Panic: Binance Flags 5 Altcoins for Potential Delisting – Prices Plummet!

Oct 3, 2024

6thTrade

Binance, the world’s largest cryptocurrency exchange, has placed five altcoins on its potential delisting watchlist, sending shockwaves through the crypto market. Bluzelle (BLZ), CLV (CLV), SelfKey (KEY), Prosper (PROS), and VITE (VITE) have all been added to Binance’s Monitoring Tag list, a clear signal that these tokens are under increased scrutiny due to rising risks and volatility.
Monitoring Tag Sparks Fears of Delisting
The addition of these altcoins to the Monitoring Tag list indicates that they may no longer meet Binance’s rigorous listing standards. The exchange employs the Monitoring Tag to single out tokens that are potentially falling short of their criteria, which includes a broad assessment ranging from the commitment of the project team and quality of development to liquidity, trading volume, and the safety and stability of the network. Responsiveness to Binance's due diligence requests also plays a crucial role in the evaluation process.
In a warning to users, Binance stated, “Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.” This announcement has understandably spooked investors, leading to a swift decline in the value of the affected altcoins.
Altcoins Crash Following Binance Announcement
The market reacted almost immediately to Binance’s increased scrutiny of these five altcoins. VITE experienced the steepest fall, plummeting nearly 25%, while Prosper (PROS) and CLV were also hit hard, dropping 15.74% and 15.22%, respectively. The uncertainty surrounding potential delisting has driven these significant sell-offs, as traders rushed to mitigate potential losses.

Despite the generally bearish sentiment, some of the altcoins demonstrated partial resilience. SelfKey (KEY) initially saw its value dip by 9%, but managed to recover slightly, now showing a 7.35% decline. Similarly, Bluzelle (BLZ) dropped by 12% before largely regaining its footing, with a more modest decline of 4.54%.
Signs of Stability: Pendle and Sei No Longer Carry Seed Tag
Interestingly, as these five tokens face increased scrutiny, Binance has made a contrasting decision regarding two other altcoins. Pendle (PENDLE) and Sei (SEI) have had their Seed Tags removed, indicating that these projects have shown progress and are now deemed less risky. The Seed Tag is typically applied to newer tokens that carry higher volatility and risk, and its removal is a positive sign that these projects are stabilizing and meeting Binance's standards for listing.
Traders Beware: Monitoring and Seed Tag Requirements
Tokens under Binance’s Monitoring or Seed Tags carry added requirements for users. To engage with these tagged assets, Binance mandates that traders complete a specific quiz every 90 days. These quizzes are designed to ensure that users fully understand the risks associated with trading such high-risk assets, emphasizing Binance's efforts to promote awareness among its users.
A Tumultuous Market Response
The potential delisting of BLZ, CLV, KEY, PROS, and VITE has highlighted the vulnerability of smaller, lesser-known altcoins within Binance’s ecosystem. The Monitoring Tag serves as a stern warning that projects must continue to meet stringent standards to maintain their listing on one of the largest exchanges in the world. For traders, this recent development underlines the importance of staying informed and recognizing the risks associated with volatility, especially for assets under Binance’s watch.
Meanwhile, the removal of the Seed Tag for Pendle and Sei may serve as a reminder that projects can overcome their volatile beginnings and establish themselves as more stable investments. As the crypto market continues to evolve, Binance’s tagging system will likely remain a critical tool in distinguishing between projects that are on the path to growth and those that are struggling to keep up.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
Dogecoin Bears in Control, But RSI Nears Oversold $DOGE {spot}(DOGEUSDT) {future}(DOGEUSDT) 200-Period Moving Average (MA): The price is trading below the 200-period MA at $0.1055, signaling that the trend is predominantly bearish. Technical Indicators:RSI (Relative Strength Index): The RSI is at 31.37, approaching the oversold territory of 30. This could indicate that the price has been oversold, and we might see a potential bounce if buyers step in.MACD (Moving Average Convergence Divergence):MACD Line: -0.00072Signal Line: -0.00358Histogram: The histogram is negative, and the MACD line is below the signal line, confirming the strong bearish momentum in the market. No clear signs of reversal are present yet. Immediate Resistance: The first resistance level is at $0.1055, which aligns closely with the 200-period MA. A breakout above this level could indicate some short-term bullish movement. Immediate Support: The price is currently testing a key support level at $0.1000. This psychological level will be crucial to monitor, as a breakdown below could trigger further selling pressure. Bullish Scenario: For a reversal to occur, the price needs to break above the $0.1055 level and show a narrowing of the MACD histogram and an RSI closer to 50.Bearish Scenario: If the price drops below the $0.1000 support level, we could see further downside, potentially testing $0.0900 as the next major support level. Disclaimer: This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to conduct your own research before making trading decisions. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update
Dogecoin Bears in Control, But RSI Nears Oversold
$DOGE

200-Period Moving Average (MA): The price is trading below the 200-period MA at $0.1055, signaling that the trend is predominantly bearish.

Technical Indicators:RSI (Relative Strength Index): The RSI is at 31.37, approaching the oversold territory of 30. This could indicate that the price has been oversold, and we might see a potential bounce if buyers step in.MACD (Moving Average Convergence Divergence):MACD Line: -0.00072Signal Line: -0.00358Histogram: The histogram is negative, and the MACD line is below the signal line, confirming the strong bearish momentum in the market. No clear signs of reversal are present yet.

Immediate Resistance: The first resistance level is at $0.1055, which aligns closely with the 200-period MA. A breakout above this level could indicate some short-term bullish movement.

Immediate Support: The price is currently testing a key support level at $0.1000. This psychological level will be crucial to monitor, as a breakdown below could trigger further selling pressure.

Bullish Scenario: For a reversal to occur, the price needs to break above the $0.1055 level and show a narrowing of the MACD histogram and an RSI closer to 50.Bearish Scenario: If the price drops below the $0.1000 support level, we could see further downside, potentially testing $0.0900 as the next major support level.

Disclaimer: This analysis is intended for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it’s essential to conduct your own research before making trading decisions.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update
Breaking News: The cryptocurrency market has just experienced a dramatic shake-up with over $150 milBreaking News: The cryptocurrency market has just experienced a dramatic shake-up with over $150 million in liquidations within the last hour, marking a significant downturn in market dynamics. The vast majority of this impact was felt by investors holding long positions, with approximately $145 million lost, underscoring a rapid decline in the value of several key digital currencies. Additionally, around $4.5 million was liquidated from short positions, highlighting the extreme fluctuations that are currently defining the trading landscape. This substantial liquidation event serves as a clear indicator of growing market instability, particularly affecting those engaged in high-leverage trading. The scale of the sell-off points to a critical phase of market correction that could lead to further erratic price movements. As the market seeks equilibrium, traders should brace for more unpredictable conditions and adjust their strategies accordingly. Investors and traders are advised to remain vigilant as the recent spike in liquidations could presage further market disruptions. This tumultuous period underscores the risks associated with leveraged positions in such an unpredictable environment. Staying informed and practicing prudent risk management are crucial for navigating these turbulent waters. Keep abreast of market developments to make timely and informed decisions, safeguarding investments against ongoing volatility. #BitcoinDumping #BitwiseBitcoinETF #TCPredictedNewATH #IranianMissilesPlummetsBTC #BTCReboundsAfterFOMC

Breaking News: The cryptocurrency market has just experienced a dramatic shake-up with over $150 mil

Breaking News: The cryptocurrency market has just experienced a dramatic shake-up with over $150 million in liquidations within the last hour, marking a significant downturn in market dynamics. The vast majority of this impact was felt by investors holding long positions, with approximately $145 million lost, underscoring a rapid decline in the value of several key digital currencies. Additionally, around $4.5 million was liquidated from short positions, highlighting the extreme fluctuations that are currently defining the trading landscape.
This substantial liquidation event serves as a clear indicator of growing market instability, particularly affecting those engaged in high-leverage trading. The scale of the sell-off points to a critical phase of market correction that could lead to further erratic price movements. As the market seeks equilibrium, traders should brace for more unpredictable conditions and adjust their strategies accordingly.
Investors and traders are advised to remain vigilant as the recent spike in liquidations could presage further market disruptions. This tumultuous period underscores the risks associated with leveraged positions in such an unpredictable environment. Staying informed and practicing prudent risk management are crucial for navigating these turbulent waters. Keep abreast of market developments to make timely and informed decisions, safeguarding investments against ongoing volatility.

#BitcoinDumping #BitwiseBitcoinETF #TCPredictedNewATH #IranianMissilesPlummetsBTC #BTCReboundsAfterFOMC
AI and Big Data Tokens Lose $4.69 Billion Overnight – Here’s WhyOct 3, 2024 6thTrade The cryptocurrency market has faced a dramatic downturn, with artificial intelligence (AI) and big data-related tokens bearing the brunt of recent losses. Over a mere three-day span, the market capitalization of these tokens dropped by a staggering $4.69 billion. What started as a promising “UPtober,” where investors were hopeful for a market revival, has swiftly turned into what’s now being dubbed “Octo-bear.” Market Cap Crash: A Startling Decline The market, which sat at a valuation of $38.82 billion as of September 30, fell sharply to $34.13 billion by October 3, raising concerns among investors and traders alike. Historically, October has been a month of optimism for the cryptocurrency space—often showing recovery and price rallies after summer’s lethargy. But this year, the familiar upbeat sentiment of “UPtober” seems to have been thwarted by unexpected headwinds. AI and Big Data Tokens Struggle Under Pressure Amid the broader market slide, AI and big data tokens have felt the most significant pinch. Leading the downward trend is Near Protocol (NEAR), which experienced a 14.88% decline over the past week. At the time of writing, NEAR is trading at $4.61, struggling to regain footing after the steep decline. The troubles didn’t stop there—Bitensor (TAO) also found itself in murky waters, with its price dropping 9.37%. Similarly, Internet Computer (ICP) registered a loss of 13.35%, contributing to the overall slump across AI and big data tokens. Render (RNDR), another major player, was not spared, seeing its value dip by 13.64%, while Artificial Superintelligence Alliance (FET) plummeted by a striking 16.68%. The collective downturn among these tokens paints a picture of a once-thriving sector suddenly facing strong resistance, with billions wiped from valuations in just a matter of days. “UPtober” Turns to “Octo-bear” as Broader Market Falters Traditionally, October has been seen as a month of optimism in crypto trading circles. Historically dubbed “UPtober” for its positive market movement, this month has been a favorable time for both Bitcoin (BTC) and altcoins, which often see rallies that buoy the entire crypto ecosystem. However, this year has seen a break from tradition, as the AI and big data segment in particular suffers an unexpected reversal of fortune. The reasons behind this sudden slump go beyond the performance of individual tokens. The broader cryptocurrency market has been reeling from the effects of multiple macroeconomic and geopolitical developments. Continued conflict in the Middle East has generated uncertainty, while regulatory challenges and economic concerns—such as rising interest rates and inflation fears—have added significant pressure on the already volatile market. A Silver Lining Amidst the Chaos? While the downturn is undeniably concerning, it’s worth noting that AI tokens are still performing significantly better compared to just a few months ago. Back in July, the total market cap for the AI and big data token segment hovered around $20 billion. Even with the recent October losses, this sector has climbed considerably over the past quarter, with its market cap now standing $13 billion higher than it was in midsummer. This broader upward trend suggests that, despite short-term setbacks, the AI and big data market retains significant growth potential and resilience. Investors may find some comfort in this perspective, especially considering how far the sector has come since its mid-year slump. As we look ahead to the remainder of October and into 2025, many experts continue to see a positive long-term trajectory for Bitcoin and the wider crypto ecosystem. Nevertheless, the message for now is clear: volatility is here to stay. Traders and investors need to brace themselves for the bumps along the way, particularly during what has already proven to be a bumpy start to the month. Navigating the Ups and Downs The swift fall in market cap and prices serves as a stark reminder of the inherent volatility in the cryptocurrency space, especially for newer segments like AI and big data tokens. While long-term optimism still characterizes much of the market sentiment, the short-term turbulence has put investors on alert. The broader context of regulatory scrutiny, geopolitical instability, and shifting economic landscapes means that any optimism for the latter part of October must be tempered with caution. Investors are now adjusting expectations—perhaps resigning to the reality of “Octo-bear” rather than a celebratory “UPtober”—as they navigate this unpredictable terrain. In summary, while the cryptocurrency market may be facing challenges, it’s important to keep a balanced view. The story of AI and big data tokens isn’t over. As the market continues to evolve, those willing to ride out the volatility may still see substantial gains. For now, however, the exuberance of “UPtober” has certainly been put on hold, making way for a more sobering, cautious October. Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #MarketSentimentToday

AI and Big Data Tokens Lose $4.69 Billion Overnight – Here’s Why

Oct 3, 2024

6thTrade

The cryptocurrency market has faced a dramatic downturn, with artificial intelligence (AI) and big data-related tokens bearing the brunt of recent losses. Over a mere three-day span, the market capitalization of these tokens dropped by a staggering $4.69 billion. What started as a promising “UPtober,” where investors were hopeful for a market revival, has swiftly turned into what’s now being dubbed “Octo-bear.”
Market Cap Crash: A Startling Decline
The market, which sat at a valuation of $38.82 billion as of September 30, fell sharply to $34.13 billion by October 3, raising concerns among investors and traders alike. Historically, October has been a month of optimism for the cryptocurrency space—often showing recovery and price rallies after summer’s lethargy. But this year, the familiar upbeat sentiment of “UPtober” seems to have been thwarted by unexpected headwinds.
AI and Big Data Tokens Struggle Under Pressure
Amid the broader market slide, AI and big data tokens have felt the most significant pinch. Leading the downward trend is Near Protocol (NEAR), which experienced a 14.88% decline over the past week. At the time of writing, NEAR is trading at $4.61, struggling to regain footing after the steep decline.
The troubles didn’t stop there—Bitensor (TAO) also found itself in murky waters, with its price dropping 9.37%. Similarly, Internet Computer (ICP) registered a loss of 13.35%, contributing to the overall slump across AI and big data tokens. Render (RNDR), another major player, was not spared, seeing its value dip by 13.64%, while Artificial Superintelligence Alliance (FET) plummeted by a striking 16.68%.
The collective downturn among these tokens paints a picture of a once-thriving sector suddenly facing strong resistance, with billions wiped from valuations in just a matter of days.
“UPtober” Turns to “Octo-bear” as Broader Market Falters
Traditionally, October has been seen as a month of optimism in crypto trading circles. Historically dubbed “UPtober” for its positive market movement, this month has been a favorable time for both Bitcoin (BTC) and altcoins, which often see rallies that buoy the entire crypto ecosystem. However, this year has seen a break from tradition, as the AI and big data segment in particular suffers an unexpected reversal of fortune.
The reasons behind this sudden slump go beyond the performance of individual tokens. The broader cryptocurrency market has been reeling from the effects of multiple macroeconomic and geopolitical developments. Continued conflict in the Middle East has generated uncertainty, while regulatory challenges and economic concerns—such as rising interest rates and inflation fears—have added significant pressure on the already volatile market.
A Silver Lining Amidst the Chaos?
While the downturn is undeniably concerning, it’s worth noting that AI tokens are still performing significantly better compared to just a few months ago. Back in July, the total market cap for the AI and big data token segment hovered around $20 billion. Even with the recent October losses, this sector has climbed considerably over the past quarter, with its market cap now standing $13 billion higher than it was in midsummer.
This broader upward trend suggests that, despite short-term setbacks, the AI and big data market retains significant growth potential and resilience. Investors may find some comfort in this perspective, especially considering how far the sector has come since its mid-year slump.
As we look ahead to the remainder of October and into 2025, many experts continue to see a positive long-term trajectory for Bitcoin and the wider crypto ecosystem. Nevertheless, the message for now is clear: volatility is here to stay. Traders and investors need to brace themselves for the bumps along the way, particularly during what has already proven to be a bumpy start to the month.
Navigating the Ups and Downs
The swift fall in market cap and prices serves as a stark reminder of the inherent volatility in the cryptocurrency space, especially for newer segments like AI and big data tokens. While long-term optimism still characterizes much of the market sentiment, the short-term turbulence has put investors on alert.
The broader context of regulatory scrutiny, geopolitical instability, and shifting economic landscapes means that any optimism for the latter part of October must be tempered with caution. Investors are now adjusting expectations—perhaps resigning to the reality of “Octo-bear” rather than a celebratory “UPtober”—as they navigate this unpredictable terrain.
In summary, while the cryptocurrency market may be facing challenges, it’s important to keep a balanced view. The story of AI and big data tokens isn’t over. As the market continues to evolve, those willing to ride out the volatility may still see substantial gains. For now, however, the exuberance of “UPtober” has certainly been put on hold, making way for a more sobering, cautious October.

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #MarketSentimentToday
27% Long-Term Holders and $300M Trading Volume: Why FET is the Hidden Gem of 2024Oct 3, 2024 6thTrade FET Market Outlook: A Promising Horizon for Growth-Oriented Investors October 2024 – Navigating the digital asset landscape requires an eye for emerging opportunities and a keen understanding of market dynamics. Fetch.ai (FET) is currently showing promising signs that could bode well for its future, especially for those who are prepared to act decisively. Let’s take a closer look at the key metrics and how they signal potential positive momentum for this token. Address Growth by Time Held: A Shift Towards Long-Term Confidence The data indicates a significant rise in FET addresses segmented by time held, with 27.08% of holders classified as "Holders"—the long-term investors. This is a notable increase from earlier in the year, suggesting that more participants are gaining confidence in Fetch.ai’s longer-term potential. Moreover, the category of "Cruisers," representing medium-term holders, makes up a substantial 55.88%. These numbers indicate an encouraging trend: participants are increasingly willing to hold their FET positions beyond the typical short-term holding window, reflecting growing faith in the token's underlying fundamentals. This growing commitment among holders provides stability to the market and underscores investor belief in Fetch.ai’s ongoing developments. For those closely following these metrics, this is a crucial bullish signal as it implies a reduced likelihood of sharp, unexpected sell-offs, helping to maintain price stability. $FET {spot}(FETUSDT) {future}(FETUSDT) A Robust Distribution Among Addresses: Building a Strong Base From the data on address holdings, a significant proportion of participants hold FET in the $0 to $1k bracket, representing 74.6% of all addresses. At the same time, the number of addresses holding between $1k and $100k represents nearly a quarter of the market (24.81%). This diverse range of holdings indicates that the Fetch.ai ecosystem is attracting a broad audience—from smaller investors looking to get their feet wet, to more substantial participants with significant investments. Such a wide distribution of holders is fundamentally positive for the market health of FET, as it mitigates the risks associated with concentration. When a larger number of addresses hold meaningful positions, the risk of major price disruption due to larger moves decreases, creating a more resilient market structure. FET Futures Volume and Open Interest: Interest Continues to Grow The futures trading volume for FET also paints a positive picture. Throughout July to September, trading volume saw multiple significant peaks, with the highest volume days surpassing $300 million. Even during periods of market consolidation, the activity has remained strong, showcasing consistent interest. This persistence in volume reflects robust liquidity—a critical factor for attracting larger participants and allowing for easier entry and exit from positions. Similarly, the open interest (the total value of FET futures contracts that have not yet been settled) reveals healthy and growing engagement from the derivatives market. Peaks in open interest over the past months have indicated that participants are actively opening new positions, pointing towards positive sentiment for future price action. The open interest rising alongside price movements is often a sign of confidence in the token's price growth. Price Movement and Technical Indicators: A Buy Opportunity Looming? Looking at the price action for FET, there has been a notable retracement from recent highs, with the price currently around $1.376. The price is sitting near the 200-day moving average (MA), a widely followed indicator that many market participants use to identify potential support levels. As the price approaches this key moving average, it may offer an attractive entry point for those looking to capitalize on potential rebounds. The Relative Strength Index (RSI), sitting at 35.89, suggests that FET is currently in an oversold condition. Historically, RSI values below 40 have often signaled attractive buying opportunities for those aiming to enter before the next wave of upward movement. Additionally, the MACD (Moving Average Convergence Divergence) shows a potential bullish crossover on the horizon, which would further solidify the expectation of a positive price reversal in the near term. Growing Community Strength and Resilience What stands out most in this analysis is the overall strength of the FET community. The substantial percentage of long-term holders, coupled with consistent futures volume and growing open interest, suggests that the market is maturing. Participants are not simply looking for short-term gains; instead, the community appears to be gearing up for future growth and the long-term potential of Fetch.ai’s technology. The positive accumulation trend among holders and the increasing interest from the futures market show that FET is positioned well, not only for stable growth but also for potential explosive moves when broader market conditions become favorable. The steady increase in address counts and diversification of holdings builds a foundation of resilience—a quality that is essential during both bull and bear phases. Opportunity is Knocking Fetch.ai presents a compelling opportunity right now. The convergence of strong holding trends, consistent volume, resilient open interest, and supportive technical indicators point toward a market poised for potential upward movement. As FET finds support near key levels, the combination of oversold conditions and a bullish community outlook provides fertile ground for optimistic growth. The Fetch.ai ecosystem is maturing, attracting a broad range of participants and building a strong community foundation. With more market participants willing to hold and accumulate, as well as sustained interest in futures, the potential for significant growth remains high. Those looking for a promising asset amidst the complex dynamics of the cryptocurrency market should keep a keen eye on FET. This might be just the beginning of an exciting journey for this token, with future opportunities on the horizon for those ready to take the leap. #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

27% Long-Term Holders and $300M Trading Volume: Why FET is the Hidden Gem of 2024

Oct 3, 2024

6thTrade
FET Market Outlook: A Promising Horizon for Growth-Oriented Investors
October 2024 – Navigating the digital asset landscape requires an eye for emerging opportunities and a keen understanding of market dynamics. Fetch.ai (FET) is currently showing promising signs that could bode well for its future, especially for those who are prepared to act decisively. Let’s take a closer look at the key metrics and how they signal potential positive momentum for this token.
Address Growth by Time Held: A Shift Towards Long-Term Confidence
The data indicates a significant rise in FET addresses segmented by time held, with 27.08% of holders classified as "Holders"—the long-term investors. This is a notable increase from earlier in the year, suggesting that more participants are gaining confidence in Fetch.ai’s longer-term potential. Moreover, the category of "Cruisers," representing medium-term holders, makes up a substantial 55.88%. These numbers indicate an encouraging trend: participants are increasingly willing to hold their FET positions beyond the typical short-term holding window, reflecting growing faith in the token's underlying fundamentals.

This growing commitment among holders provides stability to the market and underscores investor belief in Fetch.ai’s ongoing developments. For those closely following these metrics, this is a crucial bullish signal as it implies a reduced likelihood of sharp, unexpected sell-offs, helping to maintain price stability. $FET


A Robust Distribution Among Addresses: Building a Strong Base
From the data on address holdings, a significant proportion of participants hold FET in the $0 to $1k bracket, representing 74.6% of all addresses. At the same time, the number of addresses holding between $1k and $100k represents nearly a quarter of the market (24.81%). This diverse range of holdings indicates that the Fetch.ai ecosystem is attracting a broad audience—from smaller investors looking to get their feet wet, to more substantial participants with significant investments.

Such a wide distribution of holders is fundamentally positive for the market health of FET, as it mitigates the risks associated with concentration. When a larger number of addresses hold meaningful positions, the risk of major price disruption due to larger moves decreases, creating a more resilient market structure.
FET Futures Volume and Open Interest: Interest Continues to Grow
The futures trading volume for FET also paints a positive picture. Throughout July to September, trading volume saw multiple significant peaks, with the highest volume days surpassing $300 million. Even during periods of market consolidation, the activity has remained strong, showcasing consistent interest. This persistence in volume reflects robust liquidity—a critical factor for attracting larger participants and allowing for easier entry and exit from positions.

Similarly, the open interest (the total value of FET futures contracts that have not yet been settled) reveals healthy and growing engagement from the derivatives market. Peaks in open interest over the past months have indicated that participants are actively opening new positions, pointing towards positive sentiment for future price action. The open interest rising alongside price movements is often a sign of confidence in the token's price growth.
Price Movement and Technical Indicators: A Buy Opportunity Looming?
Looking at the price action for FET, there has been a notable retracement from recent highs, with the price currently around $1.376. The price is sitting near the 200-day moving average (MA), a widely followed indicator that many market participants use to identify potential support levels. As the price approaches this key moving average, it may offer an attractive entry point for those looking to capitalize on potential rebounds.
The Relative Strength Index (RSI), sitting at 35.89, suggests that FET is currently in an oversold condition. Historically, RSI values below 40 have often signaled attractive buying opportunities for those aiming to enter before the next wave of upward movement. Additionally, the MACD (Moving Average Convergence Divergence) shows a potential bullish crossover on the horizon, which would further solidify the expectation of a positive price reversal in the near term.
Growing Community Strength and Resilience
What stands out most in this analysis is the overall strength of the FET community. The substantial percentage of long-term holders, coupled with consistent futures volume and growing open interest, suggests that the market is maturing. Participants are not simply looking for short-term gains; instead, the community appears to be gearing up for future growth and the long-term potential of Fetch.ai’s technology.
The positive accumulation trend among holders and the increasing interest from the futures market show that FET is positioned well, not only for stable growth but also for potential explosive moves when broader market conditions become favorable. The steady increase in address counts and diversification of holdings builds a foundation of resilience—a quality that is essential during both bull and bear phases.
Opportunity is Knocking
Fetch.ai presents a compelling opportunity right now. The convergence of strong holding trends, consistent volume, resilient open interest, and supportive technical indicators point toward a market poised for potential upward movement. As FET finds support near key levels, the combination of oversold conditions and a bullish community outlook provides fertile ground for optimistic growth.
The Fetch.ai ecosystem is maturing, attracting a broad range of participants and building a strong community foundation. With more market participants willing to hold and accumulate, as well as sustained interest in futures, the potential for significant growth remains high. Those looking for a promising asset amidst the complex dynamics of the cryptocurrency market should keep a keen eye on FET. This might be just the beginning of an exciting journey for this token, with future opportunities on the horizon for those ready to take the leap.

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
$LTC {spot}(LTCUSDT) {future}(LTCUSDT) 200-Period Moving Average (MA): The current price is below the 200-period moving average, which is at $65.13. This confirms a bearish sentiment with the market leaning towards sellers, indicating a lack of momentum for a recovery above the long-term trend. Key Indicators RSI (Relative Strength Index): Current Value: 35.30, which is approaching oversold levels, indicating that the market may soon face a potential bounce. However, without a reversal signal or uptick, the oversold condition could persist. MACD (Moving Average Convergence Divergence): MACD Line: -0.14Signal Line: -1.22Histogram: The histogram is negative and widening, which indicates increasing bearish momentum. The MACD line is below the signal line, pointing towards a continuation of the downward trend. Resistance Levels: Immediate Resistance: $65.00, close to the 200-period MA. This level is crucial for any potential bullish reversal. A break above this level would improve market sentiment significantly. Support Levels: Immediate Support: $61.00, which has acted as a significant level in recent price action. Holding above this support is key to prevent further declines. Bullish Scenario: For a bullish reversal, the price needs to break above the $65.00 resistance, ideally accompanied by an improving RSI (moving towards 50) and a narrowing of the MACD histogram, indicating weakening bearish momentum. Bearish Scenario: If the price fails to hold above the $61.00 support level, it may head towards $56.00, where psychological support might prevent further declines. A move below this would indicate a continuation of the bearish trend. Disclaimer This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it's essential to conduct your own research before making trading decisions. #6thTrade #MarketSentimentToday #BitwiseBitcoinETF #SECFilesAppealRipple
$LTC


200-Period Moving Average (MA): The current price is below the 200-period moving average, which is at $65.13. This confirms a bearish sentiment with the market leaning towards sellers, indicating a lack of momentum for a recovery above the long-term trend.

Key Indicators
RSI (Relative Strength Index):
Current Value: 35.30, which is approaching oversold levels, indicating that the market may soon face a potential bounce. However, without a reversal signal or uptick, the oversold condition could persist.
MACD (Moving Average Convergence Divergence):
MACD Line: -0.14Signal Line: -1.22Histogram: The histogram is negative and widening, which indicates increasing bearish momentum. The MACD line is below the signal line, pointing towards a continuation of the downward trend.

Resistance Levels:
Immediate Resistance: $65.00, close to the 200-period MA. This level is crucial for any potential bullish reversal. A break above this level would improve market sentiment significantly.

Support Levels:
Immediate Support: $61.00, which has acted as a significant level in recent price action. Holding above this support is key to prevent further declines.

Bullish Scenario: For a bullish reversal, the price needs to break above the $65.00 resistance, ideally accompanied by an improving RSI (moving towards 50) and a narrowing of the MACD histogram, indicating weakening bearish momentum.

Bearish Scenario: If the price fails to hold above the $61.00 support level, it may head towards $56.00, where psychological support might prevent further declines. A move below this would indicate a continuation of the bearish trend.

Disclaimer
This analysis is for informational purposes only and should not be taken as financial advice. Market conditions can change rapidly, and it's essential to conduct your own research before making trading decisions.

#6thTrade #MarketSentimentToday #BitwiseBitcoinETF #SECFilesAppealRipple
11.72% and Rising: How Aptos (APT) Could Reach $13-$14 According to Experts!Oct 3, 2024 6thTrade Aptos (APT) is having a moment in the spotlight as it emerges as the top gainer in the crypto market today. Over the past 24 hours, its price has climbed a respectable 11.72%, while its trading volume has seen an equally impressive boost, rising by 20.18%. According to CoinMarketCap, APT is currently trading at $8.43, and it seems that the recent action on the charts is hinting at the possibility of even greater gains in the near future. Chart Analysis and Key Patterns Driving Optimism Some key analysts in the crypto community—such as CryptoBull_360 and Shelby, also known as @CryptoNewton—have been highlighting specific technical patterns that point towards a potential rally for Aptos. The main focus here is on two significant chart formations that could suggest APT is gearing up for a sustained move upward. Breakout from Inverse Head and Shoulders Pattern: CryptoBull_360 recently shared his analysis on the X platform (formerly Twitter), focusing on an inverse Head and Shoulders (H&S) pattern that has formed in Aptos’ price action. For those not familiar with it, an inverse H&S pattern is a bullish reversal signal often seen towards the end of a downtrend, suggesting that the price is ready to reverse and head higher. This classic pattern, when it plays out successfully, typically indicates a strong shift in market sentiment from bearish to bullish. In APT's case, the breakout from this pattern seems to have been solid, supported by a strong volume surge. What makes this particular breakout even more promising is that Aptos' price has retested the neckline of the pattern—a key previous resistance level which, after the breakout, is now acting as support. The fact that this retest has held successfully further reinforces the potential for upward momentum. $APT {spot}(APTUSDT) {future}(APTUSDT) CryptoBull_360 also emphasized the key support and resistance (S/R) levels that Aptos needs to respect in its journey forward. Based on his analysis, if Aptos continues to sustain its current momentum, the next key resistance range to watch is between $9 and $10. This range could act as the next critical test for the bulls in determining whether APT can maintain this upward momentum or face a temporary pullback. Bullish Sentiment from Harmonic Patterns: Meanwhile, Shelby, another well-known analyst, has also provided his take on Aptos, and he's equally optimistic. He describes APT’s chart as one of the “best-looking” at the moment, pointing to a harmonic ABCD pattern forming on the daily timeframe. The ABCD pattern, often associated with strong market reversals or continuations, is another bullish indicator that Shelby believes could push APT's price higher—potentially to around $13 to $14. In this analysis, Shelby notes that the ABCD pattern has already completed, signaling that APT could be ready to embark on its next upward leg. This scenario aligns well with the breakout volume observed, which is crucial in confirming a legitimate rally rather than just a short-lived pump. Furthermore, APT recently broke through a key red trendline that had previously acted as resistance. Now that it has been breached, there’s a real possibility that buyers will continue to push prices higher if they manage to maintain control over the market momentum. Volume Surge and Implications for a Short-Term Rally What both CryptoBull_360 and Shelby agree on is the importance of volume in validating Aptos’ recent price action. A surge in trading volume often suggests that there is strong interest and conviction among traders backing the current trend, which appears to be the case with APT right now. CryptoBull_360 highlighted that the volume spike that accompanied the breakout from the inverse H&S pattern not only supports the immediate upward movement but also shows that the market is gaining confidence in Aptos. This heightened activity means more traders are buying into the idea of a sustained rally, at least in the short term. Shelby also echoes this sentiment, explaining that a significant breakout needs substantial volume to confirm that the move is real and likely to continue. In Aptos’ situation, both the technical patterns and volume trends are working in tandem, which suggests that this isn't just a flash in the pan—it could have staying power if things continue along this trajectory. Outlook: Aptos’ Road Ahead Looking at the bigger picture, CryptoBull_360 is more focused on the short-term price movement, using S/R levels and the inverse H&S pattern to gauge where Aptos could go in the coming days. He seems optimistic that APT could soon test the $9-$10 range, a critical resistance level that will reveal whether the current momentum has the strength to continue. On the other hand, Shelby’s analysis gives a slightly longer-term perspective, suggesting that Aptos has the potential to climb even higher, with targets set in the $13-$14 range, driven by the completion of the harmonic ABCD pattern. Both analysts agree, however, that the current market conditions are building a bullish case for APT, especially if volume continues to support its recent moves. In conclusion, Aptos appears to be at a potentially pivotal point, with strong chart patterns and an encouraging volume surge working in its favor. If these bullish signals hold, Aptos could see significant price growth, and it remains one of the most promising tokens to watch in the crypto market right now. Traders and investors are keeping a close eye on how the token behaves in the coming days, particularly as it approaches critical resistance levels that could either confirm or challenge this bullish outlook #6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.

11.72% and Rising: How Aptos (APT) Could Reach $13-$14 According to Experts!

Oct 3, 2024

6thTrade

Aptos (APT) is having a moment in the spotlight as it emerges as the top gainer in the crypto market today. Over the past 24 hours, its price has climbed a respectable 11.72%, while its trading volume has seen an equally impressive boost, rising by 20.18%. According to CoinMarketCap, APT is currently trading at $8.43, and it seems that the recent action on the charts is hinting at the possibility of even greater gains in the near future.
Chart Analysis and Key Patterns Driving Optimism
Some key analysts in the crypto community—such as CryptoBull_360 and Shelby, also known as @CryptoNewton—have been highlighting specific technical patterns that point towards a potential rally for Aptos. The main focus here is on two significant chart formations that could suggest APT is gearing up for a sustained move upward.
Breakout from Inverse Head and Shoulders Pattern:
CryptoBull_360 recently shared his analysis on the X platform (formerly Twitter), focusing on an inverse Head and Shoulders (H&S) pattern that has formed in Aptos’ price action. For those not familiar with it, an inverse H&S pattern is a bullish reversal signal often seen towards the end of a downtrend, suggesting that the price is ready to reverse and head higher. This classic pattern, when it plays out successfully, typically indicates a strong shift in market sentiment from bearish to bullish.

In APT's case, the breakout from this pattern seems to have been solid, supported by a strong volume surge. What makes this particular breakout even more promising is that Aptos' price has retested the neckline of the pattern—a key previous resistance level which, after the breakout, is now acting as support. The fact that this retest has held successfully further reinforces the potential for upward momentum. $APT


CryptoBull_360 also emphasized the key support and resistance (S/R) levels that Aptos needs to respect in its journey forward. Based on his analysis, if Aptos continues to sustain its current momentum, the next key resistance range to watch is between $9 and $10. This range could act as the next critical test for the bulls in determining whether APT can maintain this upward momentum or face a temporary pullback.
Bullish Sentiment from Harmonic Patterns:
Meanwhile, Shelby, another well-known analyst, has also provided his take on Aptos, and he's equally optimistic. He describes APT’s chart as one of the “best-looking” at the moment, pointing to a harmonic ABCD pattern forming on the daily timeframe. The ABCD pattern, often associated with strong market reversals or continuations, is another bullish indicator that Shelby believes could push APT's price higher—potentially to around $13 to $14.

In this analysis, Shelby notes that the ABCD pattern has already completed, signaling that APT could be ready to embark on its next upward leg. This scenario aligns well with the breakout volume observed, which is crucial in confirming a legitimate rally rather than just a short-lived pump. Furthermore, APT recently broke through a key red trendline that had previously acted as resistance. Now that it has been breached, there’s a real possibility that buyers will continue to push prices higher if they manage to maintain control over the market momentum.
Volume Surge and Implications for a Short-Term Rally
What both CryptoBull_360 and Shelby agree on is the importance of volume in validating Aptos’ recent price action. A surge in trading volume often suggests that there is strong interest and conviction among traders backing the current trend, which appears to be the case with APT right now.
CryptoBull_360 highlighted that the volume spike that accompanied the breakout from the inverse H&S pattern not only supports the immediate upward movement but also shows that the market is gaining confidence in Aptos. This heightened activity means more traders are buying into the idea of a sustained rally, at least in the short term.
Shelby also echoes this sentiment, explaining that a significant breakout needs substantial volume to confirm that the move is real and likely to continue. In Aptos’ situation, both the technical patterns and volume trends are working in tandem, which suggests that this isn't just a flash in the pan—it could have staying power if things continue along this trajectory.
Outlook: Aptos’ Road Ahead
Looking at the bigger picture, CryptoBull_360 is more focused on the short-term price movement, using S/R levels and the inverse H&S pattern to gauge where Aptos could go in the coming days. He seems optimistic that APT could soon test the $9-$10 range, a critical resistance level that will reveal whether the current momentum has the strength to continue.
On the other hand, Shelby’s analysis gives a slightly longer-term perspective, suggesting that Aptos has the potential to climb even higher, with targets set in the $13-$14 range, driven by the completion of the harmonic ABCD pattern. Both analysts agree, however, that the current market conditions are building a bullish case for APT, especially if volume continues to support its recent moves.
In conclusion, Aptos appears to be at a potentially pivotal point, with strong chart patterns and an encouraging volume surge working in its favor. If these bullish signals hold, Aptos could see significant price growth, and it remains one of the most promising tokens to watch in the crypto market right now. Traders and investors are keeping a close eye on how the token behaves in the coming days, particularly as it approaches critical resistance levels that could either confirm or challenge this bullish outlook

#6thTrade #SECFilesAppealRipple #BitwiseBitcoinETF #Market_Update

Disclaimer: The content of this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and may lead to substantial financial loss. Always perform your own research and consult a qualified financial advisor before making any investment decisions. The opinions expressed are solely those of the author and do not represent the views of the publisher or its affiliates. Investing in cryptocurrencies involves inherent risks, and past performance is not a reliable indicator of future results. Please exercise caution.
LIVE
--
Bullish
Investment Giant Bitwise Makes a New $120 Million Bitcoin (BTC) Move! 50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ Bitwise, one of the leading spot Bitcoin and Ethereum ETF issuers, will acquire the Osprey Bitcoin Trust (OBTC). Bloomberg ETF analyst James Seyffart stated in his post from the X account that crypto asset manager Bitwise will purchase Osprey Bitcoin Trust (OBTC). This trust, whose structure is similar to Grayscale’s GBTC, contains approximately $120 million worth of Bitcoin (BTC). OBTC holders will receive shares of equivalent value in Bitwise’s BITB. “Bitwise acquires Osprey Bitcoin Trust. As part of this transaction, OBTC unitholders will receive BITB shares as part of OBTC’s liquidation distribution. For existing BITB holders, there will be no change to their shares or the operation of BITB. The sale is expected to be completed later this year.” #Bitcoin #BitwiseBitcoinETF #Btc #BNBChainMemecoins #CryptoNews $BTC $ETH $SOL
Investment Giant Bitwise Makes a New $120 Million Bitcoin (BTC) Move!
50X Profit Potential With BRED Token, Convert your 100 usd to 5000 USD, Pre Sale Price Is Live, Pre Sale Price Is $0.01 And Exchange Listing Price $0.50, This Is 50X Profit Opportunity, Don't Miss This Pre Sale, Join Now Pre Sale At Official Website, WWW.BREDTOKEN.XYZ

Bitwise, one of the leading spot Bitcoin and Ethereum ETF issuers, will acquire the Osprey Bitcoin Trust (OBTC).

Bloomberg ETF analyst James Seyffart stated in his post from the X account that crypto asset manager Bitwise will purchase Osprey Bitcoin Trust (OBTC).

This trust, whose structure is similar to Grayscale’s GBTC, contains approximately $120 million worth of Bitcoin (BTC).
OBTC holders will receive shares of equivalent value in Bitwise’s BITB.

“Bitwise acquires Osprey Bitcoin Trust.
As part of this transaction, OBTC unitholders will receive BITB shares as part of OBTC’s liquidation distribution.

For existing BITB holders, there will be no change to their shares or the operation of BITB.
The sale is expected to be completed later this year.”

#Bitcoin #BitwiseBitcoinETF #Btc #BNBChainMemecoins #CryptoNews $BTC $ETH $SOL
Explore the latest crypto news
âšĄïž Be a part of the latests discussions in crypto
💬 Interact with your favorite creators
👍 Enjoy content that interests you
Email / Phone number