Category: Trading

BNB Strenghthens as Binance Chain Slashes 90% Gas Fees

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BNB has surged more than 5% with a high trading volume following a 90% drop in Binance Chain Gas Fees. Is $700 BNB’s next target?

 

BNB coin has surged 5.80% with a 26.22%  increase in trading volume in the past 24 hours, at press time, per CoinMarketCap.  This follows a 90% slash in Binance Chain gas fees from 1 gwei to 0.1 gwei.  CZ’s approved proposal on reducing gas fees could catalyze the BNB price uptrend to $700 and the psychological $1000 mark.

 

Source: CoinMarketCap

 

BNB’s Open Interest has risen 6.27%, with the 24-hour long-to-short ratio at 1.05. As the Relative Strength Index (RSI) hits 71 (overbought zone), BNB could face a price pullback following a sharp bullish rally. However, the short-term, medium-term, and long-term moving averages flash “strong buy” at press time.

Analysts have predicted that the breakout above the $634-$644 key resistance zone could see the coin rally towards $700 in the next few days, while targeting $1000 in the long run. Investors signal renewed optimism following this development on the Binance chain. If the bullish momentum holds, BNB’s rally to $1000 could be due soon.

 

 

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PEPE: Assessing the Memecoin’s Breakout as Bullish Momentum Strenghtens

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PEPE has broken out of a descending channel pattern with a heightened trading volume and price surge, suggesting a price reversal.

 

Following days of price downtrend, PEPE is flashing signs of a bullish price reversal. The memecoin has broken out of its descending channel formation on the 4-hour chart, surging 5.3% in price. According to CoinMarketCap data, the memecoin’s trading volume is steadily surging, and stands at 21.54%, at press time.

Looking at the chart, PEPE’s price has broken out and is consolidating above the $0.00000800 resistance zone, which acts as its new support. The breakout is confirmed by candles closing above its descending trendline as buyers step in, strengthening PEPE’s bullishness.

Source: TradingView

 

The MACD level (12,26), the short-term and mid-term moving averages flash “buy” as the bulls charge for a rally following the breakout. The Relative Strength Index (RSI) stands at 51 (neutral zone). This suggests PEPE buying has started, but the memecoin is not yet overbought.

Following this breakout, PEPE is poised for a rally towards $0.00000850 while targeting $ 0.00000900 in the long run. These are previous key resistance levels. One should watch for buying volume and derivatives data for further insights.

 

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partyushgoyal

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Litecoin LTC Breaks Out amid Strong Bullish Momentum-Is $95 Next Target?

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Litecoin’s technical setup indicates a strong bullish breakout above a key resistance zone as technical indicators support LTC’s bullishness. Will the bulls target $95 next?

 

Litecoin has surged 11.26% in the past 24 hours as of press time. Per CoinMarketCap data, LTC has seen a 67.37% surge in 24-hour trading volume, signalling increased buying pressure amid renewed investor interest. As open interest rises, the bulls are geared up for a rally to reclaim the $100 key psychological level.

 

Looking at the 4-hour chart, LTC has broken out of the $81-$88 horizontal channel through the $88-$90 resistance zone with a strong consecutive green candles. This suggests strong bullish momentum as buyers step in following a retest of the $81 key support.

Source: CoinMarketCap

 

What do the technical indicators tell?

The MACD level (12,26), the short-term and mid-term moving averages are flashing “buy”, at press time. With the Relative Strength Index (RSI) at 60 (not overbought zone), LTC has heightened buying pressure and more buying potential.

With LTC’s price fluctuating around $90.80 and a fair value gap (FVG) left at the $84.5-$87 zone, LTC bears could attempt a price pullback.  Analysts have predicted that, if the bulls hold strong, LTC could hit $95 as its next target toward the $100 mark. Traders are closely monitoring LTC above the horizontal channel for more insights.

 

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partyushgoyal

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Cardano Faces Price Rejection Signaling Caution Ahead-What’s next for ADA?

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Cardano has faced price rejection around the $0.70 key resistance zone on its descending channel. Technical analysis hints at further downside if the bearish pressure persists.

 

Caradano has been flashing signs of strength in the past week as bulls hold strong in anticipation of ETFs’ approval. However, amid rising odds of ETF approval, Cardano bears could be taking charge as bulls get exhausted at the $0.70 zone. As of this writing, ADA has faced price rejection in this zone following a price uptrend in the past 48 hours.

Source: X

Looking at the 3-day chart, Cardano has tested the $0.68-$0.71 resistance zone on its descending trendline. Following a price exhaustion, the bears are pulling back, changing the coin’s momentum. Technical indicators signal strong bearish momentum, as the MACD (12,26) and moving averages flash a “strong sell”.

With the Relative Strength Index at 43, Cardano is approaching the oversold zone and has potential for price reversal. However, according to crypto analyst Ali Martinez, if the bearish pressure persists, ADA could drop further to $0.63, eyeing the  $0.54 support zone.

One should watch out for ADA’s fundamentals, buying volume, and technical indicators at this level for further insights.

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partyushgoyal

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BTC Whale Wallet Shorts Market with $119.7M amid Bullish Momentum

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A Bitcoin whale has opened a bold $119.7 million short position amid BTC’s strengthening bullish momentum. What does this whale know?

 

Bitcoin is flashing signs of strengthening bullish momentum as institutions rush to accumulate the “digital gold” for their strategic reserves. Bitcoin maximalists and analysts have argued that BTC could cross the psychological $100k for the last time and might never drop below it again. Despite the BTC’s bullishness, a whale has caught the market’s attention after entering a massive short position.

 

BTC is trading at around $95,557 with a 16.61% surge in trading volume over the past 24 hours, at press time, per CoinMarketCap. According to On-chain data, the whale wallet has executed its $119.7 million short position using 40X leverage. The entry price is $95,381 with liquidation set at $102,340.

Source: X

 

As Bitcoin’s price rises, the whale’s bet could signal a possible resistance ahead. This could mean an incoming bulls and bears battleground in the $95k-$102k range as BTC rallies in this zone. With the liquidation level set just 7% above the entry, this whale could be banking on BTC’s short-term pullbacks.

Traders are digging for insightful on-chain data and observing substantial market inflows for more clues, while retail sentiment remains bullish.

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partyushgoyal

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TRON TRX Eyes Breakout while THIS Pattern Suggests a 15% Rally

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TRX is testing a key resistance zone on its bullish pennant pattern, eyeing a 15% rally post-breakout.

 

TRON (TRX) is catching the market’s attention following its listing as the 10th largest coin by market cap on CoinMarketCap’s cryptocurrencies list. In the past 24 hours, TRX has surged 1.25% with a 4.87% increase in its open interest. Per Coinalyze data, the Coin’s 24-hour long-short ratio stands at 2.27, suggesting heightened buying pressure.

 

Looking at the 4-hour chart, TRX’s price is consolidating in a bullish pennant pattern. This technical step up indicates a calm balance between sellers and buyers following a price uptrend. As of press time, TRON is trading at $0.2480 and attempting a breakout above the $0.2500 resistance zone.

Source: X

 

According to renowned analyst World of Charts, a breakout above the resistance zone could see TRX  rally 15% towards the $0.2800 and beyond in the short term. The MACD(12,26) is flashing a “sell” signalling some bearish pressure.

However, the short-term, mid-term, and long-term moving averages flash “strong buy”. With the Relative Strength Index (RSI) standing at 53 (neutral zone), TRX is not overbought and has more buying potential. TRON could be geared up for a rally soon, and traders are closely monitoring its price action at the resistance zone.

 

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VIRTUAL Surges 96% in 7 days amid Diamond Hands Rewards Launch

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Virtuals Protocol has caught the market’s attention following explosive gains in just one week. What’s driving this price surge?

 

The Virtuals Protocol, a blockchain network dedicated to powering autonomous AI agents, has seen its token VIRTUAL surge 96% in the past 7 days, hitting $1.19b in market cap from $607m.  The protocol agents can act independently and are deployed across DeFi, gaming, and metaverse ecosystems. With the recent surge, are AI agents the next market disruption in the crypto space?

 

Source: CoinMarketCap

 

Diamonds Hands Bonus

Two powerful features have contributed to VIRTUAL’s surge. The token holders have anticipated the Diamond Hands Bonus, with rewards claim going live on May 3, 2025 (24 hours later). This feature aims at giving holders extra points every 24 hours.

Additionally, the Take Profit Cooldown feature on the Network’s Genesis Launch is designed to encourage long-term holding, hindering quick sell-offs. Under this feature, the protocol could attract blockchain-based AI enthusiasts and investors for long-term growth. The network is a significant pacesetter in the blockchain AI space, advancing blockchain adoption.

 

 

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Bearish Sentiment Rises as 63.76% of Binance Traders Bet Against Bitcoin

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Latest data reveals a declining BTC long-to-short ratio as bears take charge of Binance trade positions.

 

Bitcoin traders on the world’s largest exchange by volume reveal a shift in market sentiment as Bitcoin approaches the psychological $100k Mark. Bitcoin is rallying towards $98,000, where short-term resistance exists before moving to $100k and above. According to recent data, 63.76% of traders on Binance have opened short positions for BTC price action.

 

 

Source: X

 

A low long-short ratio suggests prevailing bearish momentum in the market.  BTC is currently trading at  $96,989 with a nearly 1% increase in price over the past 24 hours, per CoinMarketCap. Bitcoin’s path to 100k could trigger major liquidations and some market volatility.

With the bulls and bears getting in a tug of war, the market is closely watching BTC’s price action at the current price for further insights. A Change in market sentiment could hint at price volatility soon.

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Bitcoin Price Analysis: What’s Next after THIS Breakout?

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BTC has broken above its ascending triangle following 9 days of price consolidation. Is a bull run to $100k on the horizon?

 

Bitcoin is signaling strength and could be eyeing a bull run towards the $100k  key psychological zone.  BTC is trading at around $95,994 as of press time, per CoinMarketCap data. In the past 24 hours, Bitcoin’s trading volume has surged 33.83% percent signalling increased market participation amid a breakout.

Looking at the 4-hour chart, the king of cryptocurrencies has broken above an ascending triangle pattern formation around the $95,650 key resistance level with strong bullish candles. The short-term, mid-term, and long-term moving averages signal a “strong buy” with the Relative Strength Index (RSI) standing at 69. This suggests more buying potential.

Source: X

 

With a +4.71% open interest, Bitcoin’s rising demand could fuel a rally towards the psychological $100k soon. The long-short ratio stands at 1.0404 per Coinglass data, suggesting that some bearish pressure exists.

According to crypto analyst CaptainFaibik on X (formerly Twitter), if the breakout momentum holds, BTC could be eyeing the $98,000 zone as the next target. Traders are closely monitoring the buying pressure above the breakout zone for further insights.

 

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partyushgoyal

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Worldcoin Surges as Coinbase Adds WLD to its Listing Roadmap

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Worldcoin gains bullish momentum with a high trading volume as Coinbase adds it to the listing roadmap.

 

World coin, the token for the Worldcoin identity project, has surged 4.04% with a 22.24% increase in trading volume in the past 24 hours, at press time per CoinMarketCap data. The surge could be fueled by a new development in WLD’s market and a shift in investor conviction. Considering that the coin is backed by Sam Altman’s AI-driven blockchain project, WLD  faces renewed market interest.

 

In a recent announcement on X (formerly Twitter), Coinbase has announced that it will add WLD to its listing roadmap. This could suggest a growing confidence in the project, thus shifting market sentiment reflected on Worldcoin’s surging price.

A look into WLD’s technical indicators revealed a brewing bullish momentum. The MACD (12,26), short-term and mid-term moving averages flash a “strong buy” signalling heightened buying pressure. With a rising (+2.64%) open interest, Worldcoin could rally in the next few days as Coinbase’s announcement hit the wider crypto market.

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