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Alameda

$23 Million in Solana Withdrawn by Alameda to Wallets Linked to FTX

In Summary Alameda withdrew $23 million worth of Solana tokens, but this had little impact on SOL’s price and demand. The unlocked tokens were sent to 38 addresses linked to FTX, which had previously received SOL from Alameda. These token movements may be related to FTX’s ongoing repayment process. Promo: Trade on BYDFi and get […]

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IP

IP Stands Out with Highest Gains: Bulls in Control as Shorts Panic

In Summary IP rose 4% despite a $148 billion market decline, with trading volume up 53% to $159.47 million, indicating strong demand. A short squeeze caused $1 million in liquidations, forcing short sellers to buy back, potentially fueling further price increases. The Elder-Ray index at 0.46 confirms bullish momentum. If demand persists, it could rise

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XRP

XRP’s Supply in Profit Hits Yearly Low as Price Drops 35% from All-Time High

In Summary XRP’s supply in profit decreased by 6.39 billion tokens, reflecting increased selling pressure and bearish market sentiment. New demand slowed, with the number of new XRP addresses hitting a yearly low for the day, signaling weaker market interest. XRP faces key resistance, trading below a descending trendline; failure to break out could lead

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Dogecoin

Dogecoin Whales Sell 2 Billion DOGE as Price Nears Death Cross

In Summary Dogecoin’s price faces a Death Cross, signaling a prolonged downtrend as the 200-day EMA prepares to cross below the 50-day EMA. Whales sold 2 billion DOGE in 48 hours, increasing selling pressure and reflecting growing uncertainty about Dogecoin’s recovery. DOGE struggles at $0.20, with key support at $0.19; a break below could lead

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Cardano

Cardano Foundation Aims to Promote Blockchain Adoption in Brazil’s Public Sector

In Summary The Cardano Foundation partners with Brazil’s SERPRO to promote blockchain adoption in the public sector and develop digital infrastructure. Serpro, Brazil’s largest state-owned IT company, supports 90% of federal public management and handles 33 billion transactions annually. The collaboration includes blockchain education through the Cardano Academy, providing training for SERPRO employees with workshops

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RED

Binance Will List RedStone (RED) After Previous Delisting Announcement

In Summary RedStone reduced its airdrop from 9.5% to 5%, causing Binance to suspend the RED token listing on its launch day. After community backlash, RedStone added a 2% airdrop and committed to an additional 4.5% over six months. Binance proceeded with the listing, and RED’s price recovered, but community trust remains shaken. Promo: Trade

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HBAR

HBAR Surges 20% After Nasdaq ETF Filing, But Key Indicators Suggest Caution

In Summary HBAR surged 20% after Nasdaq filed for a Grayscale spot HBAR ETF listing, sparking optimism. Despite the rally, bearish market indicators show weakening buying pressure and increasing short order dominance. HBAR price is at $0.24, with $0.22 as key support; a negative turn could push it down to $0.17. Promo: Trade on BYDFi

HBAR Surges 20% After Nasdaq ETF Filing, But Key Indicators Suggest Caution Read More »

Celestia

Celestia (TIA) Aims for Breakout Above $5, But Faces Challenges

In Summary Celestia’s RSI nears a three-month high, signaling strong bullish momentum and potential for a breakout above $4.00. Despite an inverse correlation with Bitcoin, profit-taking by investors could subject TIA to broader market pressures. A successful breakout above $4.50 could propel TIA to $5.00, but failure to hold $3.88 could lead to a drop

Celestia (TIA) Aims for Breakout Above $5, But Faces Challenges Read More »

Solana

Solana Faces Capitulation as RSI Dips Below 30: Will SOL Recover Soon?

In Summary Solana is oversold, with the RSI dropping below 30 for the first time since June 2023, signaling a potential rebound. Market sentiment is at its lowest in over a year, suggesting capitulation, which often precedes a price recovery. Key support at $136.62 is holding, and if buying pressure returns, SOL could rise to

Solana Faces Capitulation as RSI Dips Below 30: Will SOL Recover Soon? Read More »