DriftProtocol
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#DriftProtocol #DRIFTSDT
The DRIFTUSDT chart appears to be in a downward trend over the 30-minute timeframe. This is evident from the lower highs and lower lows formed by the candlesticks.
The Bollinger Bands are contracting, indicating a period of low volatility. The price is currently below the middle band (MB), which further supports the bearish sentiment.
The recent price action shows a sharp decline followed by a slight recovery. This suggests that the selling pressure might be easing, but the overall trend remains bearish.
Potential Scenarios:
* Continuation of Downward Trend: If the selling pressure resumes, the price could continue to decline towards the lower band (DN) or even lower.
* Consolidation: The price might consolidate within the current range for a while before resuming its downward trend or breaking out to the upside.
* Reversal: A strong bullish reversal is unlikely at this point, but if the buyers regain control, the price could move back towards the middle band or even the upper band (UP).
Important Considerations:
This analysis is based solely on the 30-minute timeframe. A broader view of the price action on larger timeframes is necessary for a more comprehensive understanding of the trend.
Technical analysis is not foolproof, and it's always important to consider other factors like market news, economic indicators, and fundamental analysis when making trading decisions.
Disclaimer:
I am an AI language model and do not provide financial advice. It's crucial to conduct your own research or consult with a financial advisor before making any investment decisions.
Let me know if you have any further questions or would like a more detailed analysis of the chart!
The DRIFTUSDT chart appears to be in a downward trend over the 30-minute timeframe. This is evident from the lower highs and lower lows formed by the candlesticks.
The Bollinger Bands are contracting, indicating a period of low volatility. The price is currently below the middle band (MB), which further supports the bearish sentiment.
The recent price action shows a sharp decline followed by a slight recovery. This suggests that the selling pressure might be easing, but the overall trend remains bearish.
Potential Scenarios:
* Continuation of Downward Trend: If the selling pressure resumes, the price could continue to decline towards the lower band (DN) or even lower.
* Consolidation: The price might consolidate within the current range for a while before resuming its downward trend or breaking out to the upside.
* Reversal: A strong bullish reversal is unlikely at this point, but if the buyers regain control, the price could move back towards the middle band or even the upper band (UP).
Important Considerations:
This analysis is based solely on the 30-minute timeframe. A broader view of the price action on larger timeframes is necessary for a more comprehensive understanding of the trend.
Technical analysis is not foolproof, and it's always important to consider other factors like market news, economic indicators, and fundamental analysis when making trading decisions.
Disclaimer:
I am an AI language model and do not provide financial advice. It's crucial to conduct your own research or consult with a financial advisor before making any investment decisions.
Let me know if you have any further questions or would like a more detailed analysis of the chart!
The DRIFT/USDT pair showed a strong rejection at $1.94, leading to a notable pullback. The red line indicates the resistance zone, which successfully held and triggered a sell-off. Price is now trading at $1.66, nearing a potential support area around $1.47, where buyers might step in again.
These precise levels are a part of the ETP Pro indicator’s predictive capabilities, helping traders identify high-probability zones for entries and exits before the market reacts.
#DriftProtocol #DRIFT #DRIFTUSDT #EmperorMajesty #MicrosoftBitcoinRejection
These precise levels are a part of the ETP Pro indicator’s predictive capabilities, helping traders identify high-probability zones for entries and exits before the market reacts.
#DriftProtocol #DRIFT #DRIFTUSDT #EmperorMajesty #MicrosoftBitcoinRejection
Xuzilu1:
Rise 📈?
$Drift Short Now!
Earlier we recommended shorting $drift at 1.93. Those who followed our advice have already seen significant profits, with the price dropping to 1.47.
Although it briefly rebounded, this is a prime opportunity to short again!
Key points:
1. $drift skyrocketed from 0.5 to 1.93 (4x increase) yesterday.
2. Current rebound is weak and likely to reverse.
3. Price dropped to 1.47 earlier today.
Action: Short $drift now!
#DRIFT #DriftProtocol #
Earlier we recommended shorting $drift at 1.93. Those who followed our advice have already seen significant profits, with the price dropping to 1.47.
Although it briefly rebounded, this is a prime opportunity to short again!
Key points:
1. $drift skyrocketed from 0.5 to 1.93 (4x increase) yesterday.
2. Current rebound is weak and likely to reverse.
3. Price dropped to 1.47 earlier today.
Action: Short $drift now!
#DRIFT #DriftProtocol #
BakarTrades:
that bitch liquidated me last night 🙂 on short
How to Farm the Drift Protocol Airdrop on Solana
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program ahead of an airdrop. Here's what you need to know.
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program. The points program precedes a future airdrop, where Drift will distribute its governance token to community members in an effort to decentralize the protocol.
To date, Drift has seen over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol. The company closed a $23.5 million Series A last October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift points will be distributed to users on a weekly basis, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total.
The points will be generated primarily by a user's trading activity. They’re based on a user's prorated trading volume, as well as other activities—such as whether or not they put up liquidity.
How to Earn Points Drift Points will represent your role in the growth and success of Drift. You’ll be dropped Drift Points weekly based on your trading activity, and can see your rank on the leaderboards. Hint: your trading activity will earn you the most Points Show more
The program will last for three months, but the Drift team reassured their community that past actions would also be rewarded, and that several snapshots had been made already to reward “OG users.”
Drift has openly stated that points will be tied to your prorated trading volume, and that points will be distributed once a week. That means that if in any given week, my activity accounts for 1% of the total volume on Drift, then I will receive 1% of the points distributed that week.
#DriftProtocol #SolanaAirdrop #SolanaTrade #Airdrop #CryptoScoop
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program ahead of an airdrop. Here's what you need to know.
Drift Protocol, the largest perpetual swap futures exchange on Solana, just launched a points program. The points program precedes a future airdrop, where Drift will distribute its governance token to community members in an effort to decentralize the protocol.
To date, Drift has seen over $5 billion in volume from around 90,000 users, equating to over $120 million in total value locked in the protocol. The company closed a $23.5 million Series A last October, with contributions from Polychain Capital and Solana Labs co-founder Anatoly Yakovenko, among others.
Drift points will be distributed to users on a weekly basis, and they’ll be giving out 100 million points per week. The protocol’s team has yet to release information on how many tokens will be distributed through the points program in total.
The points will be generated primarily by a user's trading activity. They’re based on a user's prorated trading volume, as well as other activities—such as whether or not they put up liquidity.
How to Earn Points Drift Points will represent your role in the growth and success of Drift. You’ll be dropped Drift Points weekly based on your trading activity, and can see your rank on the leaderboards. Hint: your trading activity will earn you the most Points Show more
The program will last for three months, but the Drift team reassured their community that past actions would also be rewarded, and that several snapshots had been made already to reward “OG users.”
Drift has openly stated that points will be tied to your prorated trading volume, and that points will be distributed once a week. That means that if in any given week, my activity accounts for 1% of the total volume on Drift, then I will receive 1% of the points distributed that week.
#DriftProtocol #SolanaAirdrop #SolanaTrade #Airdrop #CryptoScoop
MAJOR RECENT CRYPTO FUNDRAISING EVENTS
#Toncoin $TON #DriftProtocol $DRIFT #Helius #HemiNetwork #Yellow $YELLOW #PipeNetwork #TrueX $PYUSD #Fermah
#Toncoin $TON #DriftProtocol $DRIFT #Helius #HemiNetwork #Yellow $YELLOW #PipeNetwork #TrueX $PYUSD #Fermah
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Share any Square content links with your friend and each of you can unlock a USDT reward of up to 2 USDT each time.
Unlock BIGGER rewards when you share it with a friend new to Binance! New users can also complete extra tasks to unlock extra rewards.
Share to Win up to 100 USDT now!
Drift Protocol is launching a new prediction marketplace centered around the upcoming U.S. Presidential election.
#DriftProtocol #DRIFT #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7
#DriftProtocol #DRIFT #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7
Solana-based DEX Drift protocol is launching a DRIFT governance token and will airdrop it to users soon.
The token is part of a points program that attracted traders, borrowers, lenders, and airdrop farmers to Drift. Most of the 100 million tokens designated for the airdrop will go to longtime users.
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. ALWAYS DYOR
#Solana #DRIFT #DriftProtocol #Airdrops #BullorBear
The token is part of a points program that attracted traders, borrowers, lenders, and airdrop farmers to Drift. Most of the 100 million tokens designated for the airdrop will go to longtime users.
Disclaimer: This post is for informational purposes only and does not constitute financial or investment advice. ALWAYS DYOR
#Solana #DRIFT #DriftProtocol #Airdrops #BullorBear
Drift Protocol has integrated the Jupiter Exchange Liquidity Provider token ($JLP) on their platform.
This integration provides additional utility for $JLP holders, allowing them to earn yield by depositing the token and use it as collateral for trades on Drift, a decentralized exchange for Solana assets.
#Jupiter(JUP) $JUP $SOL #DriftProtocol #DRIFT #BinanceTournament #Megadrop
This integration provides additional utility for $JLP holders, allowing them to earn yield by depositing the token and use it as collateral for trades on Drift, a decentralized exchange for Solana assets.
#Jupiter(JUP) $JUP $SOL #DriftProtocol #DRIFT #BinanceTournament #Megadrop
Drift Protocol has partnered with Ondo Finance to integrate Rehypothecated Warehouse Assets (RWAs) into Solana DeFi.
As a result, holders of USDY on Solana will be able to use it as margin for trading perpetuals on Drift Protocol and lend/borrow on the platform, creating a new level of capital efficiency.
This partnership aims to bring more assets on-chain and increase their utility.
#DriftProtocol #DRIFT #ONDO #BNBHODLer #BinanceTournament
As a result, holders of USDY on Solana will be able to use it as margin for trading perpetuals on Drift Protocol and lend/borrow on the platform, creating a new level of capital efficiency.
This partnership aims to bring more assets on-chain and increase their utility.
#DriftProtocol #DRIFT #ONDO #BNBHODLer #BinanceTournament
Drift Foundation has launched its DRIFT token and opened airdrop claims, offering 120 million tokens, 12% of DRIFT's total supply, with a 2% bonus, exceeding the initial allocation.
#DRIFT #DriftProtocol #buythedip #MicroStrategy
#DRIFT #DriftProtocol #buythedip #MicroStrategy
