Bitcoin price extended its increase toward the $28,500 resistance. BTC corrected gains and is currently holding a key support at $27,350. Bitcoin climbed further higher above the $28,000 and $28,200 resistance levels.The price is trading above $27,400 and the 100 hourly Simple moving average.There is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair (data feed from Kraken).The pair could start another increase unless there is a move below the $26,650 support. Bitcoin Price Remains Supported Bitcoin price started a decent increase above the $27,200 resistance zone. BTC climbed higher steadily above the $27,500 and $28,000 resistance levels. The price tested the $28,500 resistance. A new multi-week high was formed near $28,565 before it saw a downside correction. Finally, the price saw a downside correction below the $28,200 and $28,000 levels. It even moved below the 50% Fib retracement level of the upward move from the $26,690 swing low to the $28,565 high. Bitcoin is still trading above $27,400 and the 100 hourly Simple moving average. Besides, there is a major bullish trend line forming with support near $27,400 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $27,850 level. The next key resistance could be near the $28,000 level. A close above the $28,000 resistance could start another increase. In the stated case, the price could climb toward the $28,500 resistance. Any more gains might call for a move toward the $29,200 level. More Losses In BTC? If Bitcoin fails to continue higher above the $28,000 resistance, there could be more downsides. Immediate support on the downside is near the $27,400 level and the trend line. The next major support is near the $27,250 level or the 100 SMA. A downside break and close below the $27,250 level might send the price toward $26,800. The next support sits at $26,650. Any more losses might call for a test of $26,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $27,250, followed by $26,650. Major Resistance Levels – $28,000, $28,500, and $29,200. $BTC

BTC/USDT ANALYSIS 🤔 BTC has experienced a notable bounce with strong trading volume from its horizontal support level. Currently, it is encountering resistance at the horizontal, MA 100, and MA 200 levels. Additionally, the price is situated within the Ichimoku cloud, indicating a state of indecision in the market. For the bulls to sustain the upward momentum, they require a decisive breakout above the horizontal resistance. Conversely, a rejection at this level would likely lead to a downward price movement. #BTC #bitcoin $BTC

🚨🚨 #XRP Price To Reach $0.66 This Week, According To Crypto Analyst 💥 The XRP price is expected to increase in a short-term good direction, with hopes that it may reach $0.66 this week, according to renowned crypto analyst "Dark Defender". The analyst used the 1-day chart for XRP to emphasize current price movements and important technical markers while tweeting his analysis. The first barrier was broken and back-tested by XRP on the daily chart. On July 13th, we made a move akin to that. The following Fibonacci level is precisely $0.6649. We anticipate hitting $0.66 this week if we don't see XRP go below $0.50 support, the analyst tweeted. #crypto2023 #cryptonews #BTC #btcnews99

Meme coins, a fascinating niche within the cryptocurrency market, derive their value from internet memes and jokes. While they present enticing investment opportunities, it's vital to remember that they come with a high level of risk due to their speculative nature. Here, we'll delve into some prominent meme coins worth considering.1. Dogecoin (DOGE): Known as the OG meme coin, Dogecoin continues to capture the crypto community's attention. Featuring the iconic Shiba Inu dog from the "Doge" meme, Dogecoin boasts a staggering market capitalization of over $11 billion. Its strong community support keeps it relevant.2. Shiba Inu (SHIB): Often labeled the "Dogecoin killer," Shiba Inu is another meme coin centered around the lovable Shiba Inu dog. With a market cap exceeding $6 billion, it's no laughing matter. Shiba Inu is also actively engaged in utility projects, including ventures into the metaverse and NFTs.3. Floki Inu (FLOKI): A relative newcomer to the meme coin arena, Floki Inu has rapidly gained popularity. Inspired by Elon Musk's pet dog, Floki, this coin has amassed a market capitalization of over $300 million. Floki Inu is also developing several utility projects, such as play-to-earn games and an online marketplace.Investors should exercise caution when considering meme coins, as they tend to be highly volatile and susceptible to rapid value fluctuations. Thorough research is a must before committing any funds to these speculative assets.Other meme coins worthy of your attention include:- ApeCoin (APE): Drawing inspiration from the Bored Ape Yacht Club NFT collection, ApeCoin brings a creative twist to the meme coin world.- Dogelon Mars (ELON): Inspired by Elon Musk's fascination with space exploration, Dogelon Mars combines humor with cryptocurrency.- Milady Meme Coin (LADY): With the endorsement of Elon Musk and a popular NFT collection, Milady Meme Coin presents an interesting blend of celebrity backing and meme culture.In conclusion, meme coins offer a unique investment landscape characterized by both opportunities and risks. While the potential for substantial profits exists, investors should exercise caution, conduct thorough research, and only invest in meme coins they genuinely believe in.Remember, the crypto market is inherently speculative, and meme coins epitomize this volatility. Proceed with care and make informed decisions in your crypto endeavors. #CryptoTalks #CryptoNews #crypto2023 #crypto #cryptocurrency

About Today's Market Movements for the Next 6-12 Hours & BTC Market Update : Looking at the Total Market Capitalization chart, excluding BTC and ETH, it appears that a reversal trend is forming. This suggests that around 80-90% of the markets may see gains of 3-5%. Notably, this chart broke above the strong support level at 329.578B and is attempting to form a reversal trend, indicating the arrival of a strong bullish momentum. We are poised to enter a bullish market. I see some markets with the potential for gains of more than 10%, including $OGN , $LQTY , $FRONT, $CFX, and $SFP. $BTC Update: BTC also appears to be in a bullish mode. It hasn't reached the strong support level at 27,219.7 and is trying to create a reversal trend. The bullish momentum is becoming evident, and in the next 4-8 hours, we might witness a substantial pump. I've highlighted this strong bullish sentiment on the chart. You can consider closing your short positions and opening LONG positions now, with leverage of up to x100. Spot traders can acquire BTC tokens at the market price. Expect #BTC to gain strong bullish momentum in just a few hours, with today's high expected to reach $28,300. It's advisable to set your targets within this price range. Note: All this information is based on 1H chart analysis and has been confirmed by me. Therefore, it is likely to be accurate. Please be patient and wait for the target to be reached. Always trade with proper risk management, and avoid taking high risks, as the crypto market is highly volatile. Thank You Author(X&T) : KingofBTC2024

Over the past week, the Solana price has spiked over 20% as its total value locked (TVL) hits its highest level in 2023. As such, speculation is rising over whether this could be the beginning of a new larger rally. While many other top cryptos are also in the green recently, SOL has massively outperformed the majority. It now sits at a $10 billion market cap but has decreased significantly from its all-time high (ATH). Its current price is $23.46, which is still 90% lower than its November 2021 ATH of $260.06. SOL TVL Surges But Long-Term Price Remains Flat, Breakout Immenant? Solana’s TVL has steadily climbed through 2023, beginning the year around $420 million and climbing to $1.153 billion today. While its recent price action reflects a more bullish outlook, its long-term results are less promising. Its price is currently down 25.82% since this time last year, and its TVL has plunged. SOL’s TVL was $2.2 billion on 2 October 2022, almost a 50% decrease in TVL but just a 25% price decrease. However, this does not necessarily mean that Solana is currently overvalued, as it was undergoing immense struggle last year due to technical issues and the aftereffects of the Luna Tera collapse. Over the recent crypto winter, the market has been somewhat cleansed, with many over-leveraged institutions like FTX and 3 Arrows Capital collapsing and retail investors gaining a larger foothold in the Solana and other projects. Furthermore, Solana’s active developer community has propelled the project forward and reduced the network outage time, which was one of the project’s major criticisms. This is evident in the blockchain’s daily code commits faring at a higher level than leading up to its ATH in 2021. Considering these factors, the Solana fundamentals are holding up well, and its continued development activity is a sign that the project could recover in the next bull market. The Solana price chart below shows it has surged past the 200-day EMA for the first time since June. It is worth noting that the price climbed 83% and peaked at $32 the last time it broke above. This time, SOL broke above the 200-day exponential moving average (EMA) at a higher price, providing potential for the price to go beyond $32. However, the relative strength indicator (RSI) is currently over 83, at a similar level to its peak during the last run-up. This means that the coin is overbought and that buyers are losing momentum. As such, the price will likely pull back before another big move to the upside. With the $25.4 level just ahead, this could prove a strong resistance, causing SOL to have a pullback and possible consolidation before it continues higher. If consolidation occurs, it will likely find support at $22, which has acted as a support and resistance level in recent months. However, while Solana looks poised for sideways movement, other emerging cryptos aim to outperform the top 10 crypto. TG Casino is one of those projects, currently enjoying an explosive presale, having raised over $340K so far. $SOL

Main Events Today in the World of Finance, Business, and Cryptocurrencies 🫥 Euro Zone ==================== Collective declines in European indicators at the end of Monday's session 🫥 German ‌ #DAX⁩ index closes down by about 0.91% French ‌ #CAC⁩ index closes with losses of about 0.94% British ‌ #FTSE⁩ index closes with a decline of about 1.28%‌ #STOXX600⁩ index closes with losses of about 1.01%. 😆 US Stock Market =============== 🔥 Mixed results at the end of Monday's session in ‌ #Wall_Street⁩ Dow Jones index declines by about 2.22%S&P 500 index closes flat‌ #Nasdaq⁩ index rises by about 0.67%. ♨️ Key Statements from Federal Reserve Members and Economic Data ======== 🔴 Today, industrial purchasing managers' index data was released contrary to market expectations. This index is important for forecasting future interest rates, as it provides an overall insight into the general economic performance and whether it is heading towards a recession or not. The data this time was positive, indicating that the economy is moving away from a recession, something the Federal Reserve does not want as it contributes to rising inflation. Therefore, these data support a strengthening of the dollar on one hand and negatively affect gold and currencies on the other hand. 🔴 During her statements today, Federal Reserve member Michelle Bowman affirmed that it is likely appropriate for the US Federal Reserve to consider raising interest rates again. 🔴 Inflation remains excessively high. 🔴 I see a risk that high energy prices could reverse some of the recent progress made by the US Federal Reserve in reducing inflation. 🔴 The repetition and scope of recent data revisions complicate the task of predicting how the economy will evolve. 🔴 Progress regarding inflation is expected to be slow given the current level of monetary policy constraints. 🧨‌ ‌ #Jamie_Dimon⁩: ‌ #The_Fed⁩ may raise interest rates by an additional 150 basis points. #BTC #usa

Will Solana Price Continue to Rise? Analysis and Forecast. Solana, considered one of the important pillars of the cryptocurrency world, experienced a 4.5% increase in price on Monday with the rise of Bitcoin and continues to trade at $24. This price movement was triggered by the approval of Ethereum futures ETFS by the U.S. Securities and Exchange Commission (SEC). While this development created a positive atmosphere in the entire cryptocurrency market, Bitcoin (BTC) price exceeded $28,000. Ethereum price moved above $1,700, and Solana experienced a price movement just above $24. Solana Price Forecast. The price target for Solana is seen as $30, but there is a significant obstacle at $25. This resistance level can invalidate all upward movements. According to the analyzed daily price chart, there is a potential for an upward movement. The buy signal in the MACD indicator also seems to support the bullish outlook. In addition, investors who maintain long positions in Solana can choose the momentum indicator above the average line (0.00) as the area to watch. An upward movement in the positive zone in the MACD can help investors remain enthusiastic about Solana's movement towards the price target of $30. When the charts of Solana are examined, it shows that bulls have an advantage over bears in terms of the positions of the 50, 100, and 200-day Exponential Moving Averages (EMA) indicated in red. When these indicators are examined, a price movement that can occur above $25 and subsequently reach $30 may be more likely than a price below $20. TradingBrokersView, which attracts attention with its analysis on Tradingview, emphasized a structure where Solana's price broke several descending trendline resistances, then rallied and had a potential rise/fall graph before a potential correction. $SOL

💰 #ADA/USDT We have a W-Bottom inside of the bigger Double Bottom🧐 $ADA already retraced off the 0.2470$ support zone, looking for a leg upwards📈 💰 #Bitcoin $37k in the Mid-Term🤔 Miners are currently in 30% lost with Producing #BTC🔻. To reach Breakeven Point we need to rise up to $37k📈 • Current picture is similar to Dec-Jan period where we accumulated at 17% above the Electricity Cost level • Bulls greatly managed to defend $25k key support level + we crossed above the local swing high at $27750 🚀For Mid-Term I am targeting the range's top at $31750 & $36400 resistance which served as a support for Feb-May 2022 ranging #LINK/USDT        Type LONG Leverage: Cross 5x Entry Targets: 1) 7.800 2) 7.604 Take Profit Targets: 1) 7.893 2) 8.158 3) 8.344 4) 8.530 5) 8.760 Stop Targets : 1) 7.487 #crypto2023 #Layer2 $DOT $SOL $BTC

After remaining firmly planted in the $0.50 region for the majority of September, the price of #Ripple (XRP) approached that threshold on Friday. The most important on-chain indicators that may affect #XRP pricing in the next few weeks are analysed. Once XRP 's price momentarily rose above $0.55, the amount of traders cashing in their gains has increased dramatically, as seen by transactions recorded on the blockchain. Will the whales weather the storm of selling when the general crypto market attitude becomes bullish? At a price of $0.55, $XRP profit transfers have reached 3.5 billion. The price of XRP, which has been relatively stable for the past month, may be about to have a significant breakout. Nevertheless, after flirting with $0.55 for a short time on September 29 due to profit taking, the price immediately retraced below $0.53. The daily on-chain profit transaction volume for XRP on October 1 was 3.48 billion coins. Santiment, an on-chain analytics platform, reports that the Ripple-supported network has not seen this degree of profit-taking since February 2021. Daily On-chain Transaction Volume in Profit is a measure of the volume of transactions that result in a net gain. The indicator evaluates the current XRP price in relation to the latest traded price of each fluctuating cryptocurrency. Each currency is considered to have been sold at a profit if its prior selling price was lower than its current market value of XRP. On the other hand, if the last selling price was higher than the current market value, the quantity sold is considered a loss. An extremely large profit-harvesting in the XRP market was registered at 3.48 billion XRP on Sunday. Taking into consideration the monthly 1 billion XRP escrow movement, the total amount of XRP moving at a profit is still 2.48 billion. Investors may be anticipating a decline, judging by the huge amount of profits. Hence, as the price rose above $0.55, they acted quickly to cash in. Interestingly, substantial XRP price corrections followed similar surges in Daily On-chain Transaction Volume in Profit in September 2021 and March 2022. Record levels of profit taking on the XRP ledger network may be absorbed by bullish crypto whales. But, a group of crypto titans with a bullish outlook may have different plans. As of September 27th, just 3.73 billion XRP were held by the whales that had 1,000,000 or more. The next table, however, demonstrates how that number has risen to $3.79 billion as of September 29. This means that during the last five days, when paper handholders were raking in gains, whales were actively stockpiling 60 million coins. At today's exchange rate of $0.52, the sixty million coins the whales just bought are worth about $31.2 million. It looks that a severe price fall was avoided because to the heavy purchasing activity by XRP whale investors. First, the market surplus was quickly absorbed by the whales' massive influx of cash at just the right time. If this favourable trend persists, it may convince other strategic investors to establish holdings of their own. Moreover, it is unclear if the widespread bullishness in the altcoin markets will be enough to persuade XRP holders to halt the profit-taking frenzy. Forecast for the XRP Price: More Range Boundary Testing Ahead of a Big Breakout If whales increase their purchasing pressure, the XRP price will likely stabilise above the $0.51 level, where it has been trading for the past week. This forecast is corroborated by the ratio of XRP holders' market value to their realised value (MVRV). Investors who purchased XRP during the previous month are sitting on around 3% unrealized gains with prices at $0.53. The current profit-taking run is expected to cool down until investors reach the break-even point, perhaps around $0.51. Yet, if a severe downturn does occur, most people may try to limit their losses to less than 7%. The next major support level would therefore be at $0.49. Santiment's MVRV Ratio for Predicting the Price of Ripple (XRP) If, on the other hand, the XRP price recovers $0.60, the bulls may restore control. Those anticipating a 10% return on investment, however, are likely to exit their holdings when the XRP price re-visits $0.55. Their selling might put a damper on the breakthrough of the XRP price. If bulls are successful in breaking over the $0.55 resistance level, though, XRP might quickly retake $0.60.

Hello everyone, I want to clarify why I mentioned that the bullish momentum is over for all the markets. I don't make such statements without proper analysis. I always provide updates with confirmation from my analysis, which is why I mentioned that the bullish momentum has ended. I believe that 80-90% of the markets will experience further drops, which is why I recommended closing long positions. Total Market Capitalization excluding BTC and ETH : Regarding the total market capitalization excluding $BTC and ETH, I've analyzed the chart and it shows that a real breakout has occurred in the support level at 333.89 billion dollars. This suggests that 80-90% of the markets will likely drop soon. I advise everyone to either close their long positions or hold them with proper risk management. As for #BTC , as I mentioned in a previous post, its movements will significantly influence $ETH and other markets. If BTC's price goes up, ETH follows suit, and if BTC drops, ETH also tends to drop. It's likely that ETH will trade in the range of 1,720 to 1,680. I recommend trading based on trends. Today, I won't be providing any signals. I suggest that everyone takes a break during this bear market, and we can resume trading tomorrow. If you have enough funds, you may consider holding your $BTC and #ETH long positions with proper risk management. Thank you. Author(X&T) : KingofBTC2024