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🔝#VeChain price is compressing and moving at the support level of $0.03400-$0.03200.
✅In the daily time frame, an ascending channel has been formed, which the price has left.
The correction process of the price after its strong growth is still going on.
✅If the price can maintain the support level, it will enter the ascending channel again.
💸Ethereum ETF approval will set stage for 💰 Solana ETF, commodity classification
According to a recent Bernstein report, the approval of a spot Ethereum (ETH) exchange-traded fund (ETF) in the US may establish a precedent for classifying Solana (SOL) as a commodity. The classification of cryptocurrencies as either securities or commodities holds significant implications. Commodity classification facilitates ETF applications and approvals, while security classification subjects assets to stricter SEC oversight.
☄️The #BLUR price is still moving in the descending channel. The price is at the support level of $0.3660-0.3100, and this level is the last support level of the price based on its history.
Although the downward trend is slowing now , there is no indication in the chart that the price will begin to grow, and we should wait for the price to break out of the downward channel.
💰 Spot bitcoin ETFs see reduced daily outflows, totaling $34 million
🔼Spot bitcoin exchange-traded funds (ETFs) in the U.S. experienced a net outflow of $34.4 million on Thursday, indicating a slowdown compared to the previous day’s record outflows. BlackRock and Fidelity’s bitcoin funds, which are ranked second and third in terms of total net assets, both recorded zero flows on Thursday. Bloomberg’s ETF analyst James Seyffart previously explained that a day of zero flows is normal in ETFs 📈
📌#BTC UPDATE:
🔼BTC bounced right from the demand zone and the strong support region of 60k this range formation on BTC is strong it is respecting this range from quite sometime now.
🟢Currently it has flipped the 65k resistance level but a daily closure above it will be a positive sign. For BTC the daily closure above the 65k region will be a good sign and can then target the higher levels of 67k to 68k.
🇭🇰 Hong Kong approves spot Bitcoin & Ethereum ETF + only 5 days remaining till BTC Halving.
➡️Currently Halving is a strong catalyst coming out for BTC we are expecting moves in Alt coins after the halving
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WAVES/USDT Update:
The current trading price for WAVES is approximately $3.35. WAVES appears to be following an ascending triangle pattern on the 4-hour time frame. Potential scenarios include a bullish momentum if the price breaks out of the triangle, or a bearish momentum if it breaks down. Stay updated with us for more insights. ✔️
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Dowry of 1 bitcoin
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As advancing to higher levels in now requires a significant number of referrals, many users are struggling to meet these targets.
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☄️#LITUSDT is currently compressed within a falling wedge pattern, which is typically seen as a bullish reversal indicator. However, if #LIT faces rejection at the wedge's upper trend line, we could see a retest of the significant support zone around $0.50. This level has consistently acted as strong support and holds substantial liquidity.
✔️Should #LITUSDT fail to bounce back from the $0.50 support, attention will shift to the next critical level at $0.40. Historically, this level has been a strong support zone, increasing the likelihood of a rebound.
✔️However, if #LIT breaks below these key support levels, bearish momentum may take over, potentially leading to further downward movement.
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💰 Grayscale spot bitcoin ETF inflows may be result of short-term trading: Bloomberg ETF analyst
☄️Grayscale’s spot bitcoin ETF ended a 78-day streak of outflows after registering two consecutive days of net inflows. Bloomberg ETF Analyst James Seyffart told The Block while he's not absolutely sure what might have caused the swing, there could be a few different explanations. "It could be a short-term tactical trade or pairs trade of sorts. Where the fee is far less relevant over shorter time frames," he said👀
💰 Shiba Inu (SHIB) Torches 392M Tokens As Burn Rate Shoots 57,000%
🔼Shiba Inu’s (SHIB) burn rate, a crucial growth metric, has seen more than 57,000% in the last 24 hours, indicating a major push to boost its deflationary status. This implies that 396,286,654 SHIB have been burned within 24 hours. This burn rate is one of the largest that the dog-themed altcoin has seen in the last few weeks. On April 14, Shiba Inu saw a massive surge in its burn rate metrics that contributed to solidifying its deflationary status.
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📌#BTC Quick Update:
BTC has rejected from the 73k level now for the BTC the 67888 level is very important to hold the 200 EMA is also aligning + we have a trendline support there if this region breaks then the structure will break and then we will expect further rejection to the lower levels.
As the market looks extreme volatile it is important to use tight sl's in the trades and wait for the daily closure.
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