Please exercise caution as historical patterns suggest potential market fluctuations. Recall the significant decline experienced in 2022 when Bitcoin dropped from $48,200 to $16,500 within a short timeframe. Presently, amidst expectations of Bitcoin reaching $150,000 in 2024, it is imperative to heed the lessons of the past.
The market dynamics often involve manipulation by major stakeholders, utilizing mainstream media to entice optimistic investors. When profits peak, swift retreats leave many investors at a disadvantage. Guard against these strategies and exercise prudence in your actions.
Considering the current Bitcoin price hovering around $70,000, it is advisable to assess securing your investments. Historical trends indicate a likelihood of Bitcoin not surpassing $75,000 this year. Safeguard your assets and remain vigilant. #Alert! #BitcoinWarnings
Dogecoin price bounces 13% as Elon Musk’s X teases P2P payments $DOGE #EloneMusk Dogecoin briefly touched $0.09 on Jan. 12, rising 13% since Elon Musk's X announced plans for a P2P payment platform earlier in the week. Musk's social media giant outlined 2024 plans, including P2P payments, triggering a positive DOGE price reaction due to their documented affinity.
800 million Dogecoin sell orders could truncate price rally.
Despite a 13% rally, on-chain data suggests the upswing could be short-lived. The retracement below $0.084 on Jan 12 indicates a prevailing bearish sentiment, evident in the order books where sell orders (798 million DOGE) outweigh buy orders (752.4 million DOGE).
Losing the $0.07 support could catalyze major losses.
The substantial oversupply suggests potential downward price pressure, with the market dynamics signaling an imminent DOGE price correction. To validate this, bears must breach the initial support buy-wall around $0.07.
IntoTheBlock's GIOM data highlights a large cluster of DOGE holders (46.9 billion DOGE) at an average price of $0.072. A drop below this support level could induce panic and larger losses. On the contrary, bullish traders could defy this outlook by pushing DOGE to $0.10, but the $0.095 resistance poses a significant obstacle. Monitoring the $0.07 support and $0.10 resistance is crucial for assessing Dogecoin's price trajectory.
Buyer support at the $0.15 mark enhances the likelihood of a bullish trend in The Graph token price. As the overall market recovers, the potential for an extended rising channel increases substantially.
There's a strong possibility of GRT surpassing the psychological threshold of $0.20, with potential for the uptrend to reach and challenge the $0.25 mark. However, caution is advised, as a reversal below $0.1753 could lead to a drop in token value, possibly down to $0.15. Monitoring key support levels is crucial for assessing the sustainability of the upward trajectory.
GRT Price Eyes $0.20 Break For A 25% Upside Move $GRT
Experiencing a bearish start in 2024, GRT faced a breakdown after failing to rebound from a longstanding support trendline. However, recent market improvement has revitalized bullish momentum, marked by the recovery of the trendline and the formation of a triple white soldier pattern, resulting in a notable price surge.
This newfound momentum positions The Graph token for a potential ascent to a new 52-week high in 2024. The sustained increase in trading volume from 2023 to 2024 supports the positive price trend, and robust demand around the $0.15 mark is evident from buyers' recent pushback.
The bullish trend reflects an 18% surge in the last three days, with minimal intraday growth of 1.44%. The technical chart indicates strong support for the recovery trend, emphasizing the triple white soldier pattern, a bullish signal pointing towards trend continuation.
As of now, GRT is traded at $0.1898, exhibiting a potential Doji candle with minimal intraday movement. Key technical indicators further support the positive outlook:
- RSI Indicator: The daily RSI line hints at a reversal from the nearly oversold zone, suggesting a potential rise above the neutral line. - MACD Indicator: The recent bullish comeback positions the MACD and Signal lines for a turnaround. An imminent reversal before crossing below the zero line may signal a trend reversal.
Renowned cryptocurrency analyst DonAlt, recognized for his straightforward analyses, has recently shifted his position on Ethereum (ETH), hinting at a potential upswing against Bitcoin. Formerly skeptical, DonAlt expressed reservations about Ethereum, particularly when its value surpassed the 0.065 threshold against Bitcoin.
His earlier assessments favored Bitcoin due to its clear narrative and the prominence of the Bitcoin ETF, deeming it a safer and more evident choice. DonAlt consistently preferred alternative coins over Ethereum, deeming them more promising.
A pivotal moment in DonAlt's perspective emerged with the approval of the Bitcoin ETF, triggering a significant reversal in his views on Ethereum. The Bitcoin ETF's approval seems to offer an opportunity for Ethereum to establish a clearer narrative and potentially redefine its market position.
DonAlt underscores the importance of a clear narrative for Ethereum, signaling a departure from the previously perceived lack of direction. In an evolving crypto landscape, a well-defined narrative becomes increasingly vital for investor confidence and market positioning.
DonAlt's recent remarks convey a more optimistic outlook for Ethereum, departing from his historically critical stance. He suggests that Ethereum appears promising for the first time in over a year, contingent on reclaiming its former trading range. As Ethereum endeavors to regain stability, analysts and investors will closely observe its performance, with DonAlt's revised perspective sparking intriguing questions about Ethereum's potential trajectory in the coming months.
After the approval of 11 spot Bitcoin ETFs in the U.S., attention has shifted to Ethereum (ETH). Bloomberg ETF analyst Eric Balchunas suggests a 70% chance of a spot Ethereum ETF approval in May. This anticipation has driven ETH's price above $2,500. Crypto analyst Michael van de Poppe identifies a critical level at $2,130 for ETH, and surpassing it could trigger a breakout towards new highs above $2,700, potentially reaching $3,500 in the next two to three months. Van de Poppe sees significant resistance at $3,100, with a potential climb to $3,574, indicating a 35% rally from current prices.
ETH's surge followed the SEC's approval of Bitcoin ETFs on January 10th, leading to a recovery in Ethereum betas like LDO, ARB, OP, and RSTK. As of now, ETH is trading at $2,614, showing a modest 0.06% increase in the last 24 hours, with a 15.35% gain over the past week and 17.42% over the past month.
U.S. Court Dismisses Terra's Reconsideration Request in SEC Case. #SecGov $LUNA $REQ
The legal dispute between the U.S. Securities and Exchange Commission (SEC) and Terraform Labs (Terra) and its co-founder Do Kwon continues, with a U.S. federal judge recently denying reconsideration requests by Terra and Do Kwon. The judge upheld a previous decision that found Terra and Do Kwon in violation of the Securities Act.
Specifically, the court rejected Terra's requests to reconsider expert Raj Unny's dismissal and the involvement of Dr. Matthew Edman in the case. The SEC's success in the Terra case led to the regulator seeking additional authority in its ongoing actions against major exchanges Binance and Coinbase, positioning the Terra case as a potential precedent.
In the altcoin space related to Terra and Do Kwon, LUNC experienced a slight decline but traded at $0.0001293, up 1.61% in 24 hours with a 20% increase in trading volume, surpassing $83 million. Former stablecoin USTC saw a positive day, with a 5.6% increase to $0.02804 and a remarkable 129% surge in trading volume, reaching $67 million.
Whale's Transfer 48.2 Million XRP to Exchanges. $XRP
On January 12th, Whale Alert reported two substantial transactions involving 48.2 million XRP transferred to centralized exchanges Bitstamp and Bitso. The funds originated from an anonymous wallet (r4wf7…) known for similar transfers. Notably, Ripple's strategic buyback announcement on these exchanges coincided with these transactions, suggesting a connection.
Specifically, 23.6 million XRP went to Bitstamp, and 24.6 million XRP to Bitso from the whale-level wallet. These transactions coincide with a partial surge in XRP's price, indicating a potential shift in market sentiment for the altcoin.
Price Dropped Expected for XRP.
As of the article's preparation, XRP showed a modest 0.71% price increase in the last 24 hours, reaching $0.5969, with a 3.87% weekly gain. Notably, Cryptoes, a prominent analyst, has sparked speculation within the XRP community by identifying market dynamics that suggest the altcoin may be entering a downtrend, potentially retracing to the lower support at $0.578 after closing below the 21MA and green resistance.
Bad News from Hong Kong for XRP, Arbitrum (ARB) and Nine Altcoins! $XRP $ICP $ARB Hong Kong is making strides toward becoming a cryptocurrency hub with positive developments. The Hong Kong Virtual Asset Rating Agency (HKVAC) announced adjustments to its global major cryptocurrency index effective January 19. Notably, altcoins like Internet Computer (ICP), Near Protocol (NEAR), Optimism (OP), Injective (INJ), and Immutable (IMX) were added, while Filecoin (FIL), Maker Dao (MKR), TUSD, BUSD, and HBAR were removed.
In the HKVAC Major Cryptocurrency Index, ICP, NEAR, OP, INJ, and IMX joined the list, replacing MKR, Lido Dao (LDO), MNT, QNT, and Arbitrum (ARB). Solana (SOL) replaced XRP in the HKVAC Global Top 5 Indices, and Tron (TRX) was ousted from the Top 10 Indices, making way for Avalanche (AVAX). These adjustments reflect Hong Kong's evolving position as a significant player in the cryptocurrency space.
#BTC #Tate's $BTC $SOL Controversial kickboxer Andrew Tate recently addressed fellow crypto investors, highlighting missed opportunities and poor decision-making in disregarding Bitcoin's potential. Despite offering guidance through his platform, THE REAL WORLD, Tate notes a lack of receptiveness to his advice, emphasizing the importance of strategic play in the crypto space.
Reflecting on past recommendations, Tate pointed out advising to join THE REAL WORLD when BTC was $19k and especially during the rise to $26k, now at $46k. He contrasted business approaches of Michael Saylor and Sam Bankman-Fried, praising Saylor's net-benefit strategy and criticizing Bankman-Fried's zero-benefit approach, noting Saylor's legendary status versus Bankman-Fried's legal troubles.
In September, Tate anticipated a pivotal SEC decision on Bitcoin ETFs, expressing expectations for approval. The current BTC price is $45,950.65, up 0.38% in the last 24 hours, as per Coinstats. Disclaimer: This information is not trading advice; independent research or professional consultation is recommended before making investment decisions.