📣 #Cardano (ADA) Destroys Massive Resistance Level, Comes Back to Bull Mode

⚪️ Cardano (ADA) has recently experienced a notable surge in its price action. The ADA/USDT chart reveals a decisive move, successfully breaking through the local resistance level marked by the 50-day Exponential Moving Average (EMA) with convincing strength.🚀

⚪️ The breakthrough above the 50 EMA holds significance, as this moving average often acts as a barrier distinguishing bearish trends from bullish ones. Penetrating it typically indicates a shift in momentum favoring the bulls. With this explosive move, traditional technical analysis suggests that ADA is poised to sustain its upward trajectory, potentially establishing new higher highs as it enters a bullish phase.📈🚀

⚪️ However, despite the strength exhibited in this recent price movement, there is a lack of clear long-term reversal signs. The Relative Strength Index (RSI), while recovering, does not yet indicate overbought conditions that would confirm a sustained upward trend. Additionally, although trading volume has improved, it does not show an overwhelming buy-in from the market to support a robust long-term rally.💼

⚪️ Fundamentally, Cardano's movements continue to align with the broader market. Similar to many other cryptocurrencies, ADA's price action is influenced by overall market sentiment, macroeconomic factors, and developments within the blockchain and cryptocurrency space.🌐

⚪️ While the recent technical breakout may excite short-term traders, long-term investors are likely awaiting more substantial shifts in market dynamics before confirming a full-blown bullish trend.📉🔍

⚪️ Cardano's current position above the 50 EMA is a bullish signal for the asset, especially in the short term. However, for a genuine long-term reversal to take hold, ADA would need to demonstrate sustained strength and garner support from both volume and market sentiment.📈🌐

⚡15,000 blocks remain until Bitcoin halving.👀📊💸

They will start buying your coins after the approval 😲

✌ 209 million dollars were liquidated in the last 24 hours

🔋 The number of liquidated traders is 59,135

⚡ The biggest liquidity in the Okx exchange and position is Bitcoin, which has exploded 9.4 million dollars, which is about 470 billion tomans.

💀 The most liquidated ones were in Okx exchange and the most liquidated positions were on Bitcoin📊

Biggest Crypto Unlocks in Jan 24 :

#APT : $212 Million (8%)
#INJ : $143 Million (4.53%)
#OP : $75 Million (2.65%)

#AXS : $25 Million (2.53%)
#APE : $21 Million (4.23%)
#ID : $14.1 Million (12.37%)

#YGG : $8.49 Million (5.94%)
#CYBER : $8.3 Million (8.51%)

📁 Morning market conditions:

The market is on plus today.
BTC 💰 is now trading around $46,833,
ETH 💰 is trading above $2,308

Bitcoin dominance: 50.51%;
Fear and Greed Index: 74 (greed);
Altseason Index: 59;
Market capitalization: $1.80 trillion

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🚨JUST in:
Former SEC Chairman Jay Clayton, in a CNBC interview, confidently stated that the approval of a Bitcoin ETF is inevitable!

let's hope for positive news!

TRADER QUIZ#1
BUY or SELL?

Comment your Answer!

#quiz

Go to 👉 Instagram -> fz_crypto <- For Answer

💎#FUTURE SIGNAL💎

🔆 #SLPUSDT #BUY/LONG

🟢 Entry Price: Actual price (valid for 1h)

🚀 Targets:

🔹 $0.0031
🔹 $0.0032
🔹 $0.0033
🔹 $0.0034
🔹 $0.0036

🔥 LEV: X10 - X20

♦️Stop loss: $0.0027

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📣What happened in Crypto in the last 12h?📌

- #BTC ETF "Fee Wars"
- Apple Vision Pro (Feb 2)
- Upbit bid-ask spread adjustments
- Solana Mobile "Coming soon"
- $EVMOS 136M burn
- $RBN Rebranding AEVO
- $ZTX Play to Airdrop
- $WAXP Airdrop #WUP

🔽🔽

• Pantera Capital plans to invest $200M in Bitwise Bitcoin spot ETF upon approval.

• Bitcoin ETF applicants are nearing approval, with amended S-1 filings and a fee war underway.

• Upbit to implement finer bid-ask spread adjustments in KRW market from Jan 29, potentially affecting $BTT.

• The Apple Vision Pro release date is confirmed for Feb 2. $RNDR

• $BONK - Solana Mobile teases exciting developments coming soon.

• $CORE - CoreDAO announces the launch of Liquid Staking.

• $EDU - Open Campus Accelerator (OC-X) to deploy a $10M fund.

• $EVMOS - Evmos approves the burn of 136M EVMOS this Thursday, with Cosmos transaction fees also set to be burned.

• $MATIC - Polygon plans to unveil an institutional-level payment partnership on Jan 10.

• $RBN - Aevo hints at upcoming news with "Soon," possibly related to $RBN rebranding or an airdrop.

• $RON - Ronin launches in-game store "Mavis Store".

• $WAXP - WAX announced the upcoming $WUP (Memecoin) airdrop.

• $ZTX - ZTX schedules AMA about "Play to Airdrop" for Jan 9. + plans a Stickerly token airdrop for ZTX holders.

• Manta Network is set to be listed on Bybit, with rumors of an airdrop for $TIA stakers.

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Thanks for reading!🫡

📰🚨 JUST IN:

📢VanEck spot Bitcoin  ETF is now listed on the Depository Trust & Clearing Corporation with the ticker $HODL.

JUST IN:

📢WisdomTree spot Bitcoin ETF is now listed on the Depository Trust & Clearing Corporation with the ticker $BTCW.