According to FOX Business, Grayscale will launch the first XRP trust fund in the United States. Grayscale has released a four-stage product life cycle plan for its XRP trust fund, and may seek regulatory approval to convert it into an ETF in the future.
Читать полностью…#BTC/USDT ANALYSIS
Bitcoin is currently trading within a descending triangle pattern, showing signs of building momentum from a key horizontal demand zone. The 100-day moving average is serving as a resistance barrier just above the pattern’s resistance trendline.
A strong breakout from both the pattern and the 100MA is on the horizon, which could trigger a significant bullish rally in the crypto market. Stay prepared for the upcoming momentum shift.
#USDT DOMINANCE ANALYSIS
USDT Dominance is consolidating within an ascending triangle, facing rejection at the horizontal supply zone. The 200MA is providing strong support, enabling dominance to rebound. Further consolidation within the pattern is expected.
A breakout above the triangle could lead to upward momentum in dominance. However, a downward move in USDT.D would serve as a bullish signal for the broader crypto market due to its inverse correlation. Keep a close watch on this key level
#ICP/USDT ANALYSIS
ICP is trading inside the descending triangle pattern. Currently, it is being rejected by the resistance trendline of the pattern. The Ichimoku cloud supports the price that is presently being traded.
A breakout of the pattern would serve as a bullish confirmation. Furthermore, we can also expect further consolidation within the pattern.
Notice of Removal of Spot Trading Pairs - 2024-09-13
https://www.binance.com/en/support/announcement/65b02ef68e2045c7ac4e2b0b1feaf2cb
#BTC/USDT ANALYSIS
Bitcoin is currently facing rejection from the Ichimoku Cloud, which is acting as a strong resistance, indicating bearish pressure. A potential downward movement is likely.
If the price breaks below the demand zone, we could see a further correction in the market. However, a solid bounce from the demand zone is still possible after the correction.
#US DOLLAR ANALYSIS
The US dollar recently broke down from a symmetrical triangle pattern with strong volume, signaling potential bearish momentum. The Ichimoku Cloud further reinforces a bearish outlook, suggesting continued downside pressure.
The dollar is currently in the process of retesting the broken pattern. A successful retest would confirm further declines, which could be bullish for the crypto market, as the US dollar and cryptocurrencies often move inversely. Keep a close watch on these developments for potential market shifts.
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Читать полностью…#SUPER/USDT ANALYSIS
SUPER is currently forming an inverse head and shoulders pattern and gaining upward momentum. The 100-day moving average is providing strong support, helping to sustain the price at these levels.
A solid breakout above the pattern's neckline, followed by a successful retest, would signal the potential for a bullish trend continuation. Keep an eye on these developments, as they could indicate further upward movement.
#TOTAL MARKET CAP ANALYSIS
The total cryptocurrency market cap is consolidating within a descending broadening wedge pattern and is currently rebounding off the 200MA, which is providing support below the price action.
A bounce from this level is likely. However, if the price breaks below the 200MA, it could signal further downside movement in the crypto market.
#TON/USDT ANALYSIS
TON has broken out of the descending channel with strong volume and is currently trading above the triangle. The Ichimoku Cloud is serving as a resistance barrier. A breakout above the Ichimoku Cloud would signal further bullish momentum for $TON.
#BTC/USDT ANALYSIS
Bitcoin is consolidating within a bull flag pattern, currently rebounding from the support trendline. The Ichimoku Cloud is acting as a resistance barrier.
A breakout above both the Ichimoku Cloud and the pattern would confirm a bullish trend in the market. However, if Bitcoin breaks below the support trendline, the pattern would be invalidated.
#ALTS MARKET CAP ANALYSIS
The altcoin market cap has broken down from a symmetrical triangle and is currently retesting the underside of the pattern. The 100MA is acting as a resistance barrier. A successful retest would confirm a continuation of the downtrend. However, if the altcoin market cap breaks back above the triangle, we may see further consolidation within the pattern.
#QNT/USDT ANALYSIS
QNT has successfully broken out of the descending channel, with the 21MA providing support, indicating bullish momentum. However, the 50MA is currently acting as a resistance barrier.
A successful retest of the breakout would offer a strong bullish confirmation, suggesting further upside potential.
#BTC DOMINANCE ANALYSIS
BTC.D has broken down from an ascending triangle with significant volume and is now trading within the Ichimoku Cloud. A breakdown below the cloud could lead to further declines in BTC.D.
Conversely, if it breaks above the cloud, we may see a retest of the ascending triangle. It's important to note that BTC.D generally has an inverse relationship with the altcoin market cap, meaning its movement can signal shifts in altcoin strength.
#SUI/USDT ANALYSIS
SUI is trading within an ascending triangle pattern and is currently attempting to break its horizontal resistance after rebounding from the support trendline. Both the 100MA and 50MA are indicating bullish momentum. A breakout would confirm a strong upward move. Keep a close watch for this bullish confirmation
Binance Will Support the Firo (FIRO) Network Upgrade & Hard Fork
https://www.binance.com/en/support/announcement/d23542587a414d3f99b9640995353c35
#WIF/USDT ANALYSIS
WIF is currently consolidating within a descending channel, with the 21-day moving average acting as a resistance barrier, rejecting price movements. Additionally, the Ichimoku Cloud indicates bearish momentum.
A breakout above the 21MA and the upper boundary of the channel, followed by a successful retest, could signal the start of an upward trend.
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#BTC/USDT ANALYSIS
Bitcoin is showing a strong rebound from the horizontal demand zone within the descending triangle pattern. However, the Ichimoku Cloud is currently acting as a significant resistance.
A decisive breakout above both the Ichimoku Cloud and the triangle's upper boundary is crucial to confirm a robust bullish rally. Keep a close watch on these key levels for potential market momentum.
#ANKR/USDT ANALYSIS
ANKR is consolidating within a falling wedge pattern and gaining momentum near the support trendline. The 50MA is acting as resistance above the current price action.
A decisive breakout from the wedge would confirm a bullish move. Keep a close watch on this setup.
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#ADA/USDT ANALYSIS
ADA is consolidating within a falling wedge pattern and is starting to gain momentum. The Ichimoku Cloud is serving as resistance above the current price action.
A decisive breakout from the wedge would provide bullish confirmation, signaling a potential upside. It's worth monitoring closely.
#BTC/USDT ANALYSIS
Bitcoin is currently rebounding from the support trendline of a descending channel and trading within a key horizontal demand zone. The Ichimoku Cloud is acting as overhead resistance, while the 200MA beneath the channel signals bullish strength.
A bounce from this level seems likely. However, if Bitcoin breaks below both the horizontal demand zone and the support trendline, it could lead to a bearish move, signaling further downward momentum in the market.
#ETH/USDT ANALYSIS
ETH is consolidating within a falling wedge pattern and is currently facing rejection from the wedge's resistance trendline. The 200MA is acting as additional resistance, capping the current price action.
A strong breakout from the pattern would provide bullish confirmation. However, if ETH breaks below the support trendline of the wedge, the pattern will be invalidated, signaling potential further downside.