Kasif X
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#Arbitrum🏧has broken the ascending channel in the daily time frame.
$ARB price has dropped to the very important demand level of $0.7350-$0.7850. As you see in the chart, the price supported from this area before very well, and it grew more than 150%, so there is a possibility of support again.
Bearish candles are still strong, and if the price reaches below the current level, it means that the decline will continue and the possibility of the price moving towards the last available support, the $0.5000-$0.5300 area, will increase.
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The price of #UNI🦄 reached the previous ceiling and decreased again by 20%.
$UNI has good potential and has made significant moves recently. The price has now reached the bottom of the ascending channel, so in addition to the support level indicated in the chart, the bottom of the channel will also be strong support for the price.
The price is expected to act as before and rise again to retest the minor resistance area at $11.930. If the price can reach that area again, it will probably break it and move towards the next resistance.
If the price drops below the support level, the bullish scenario will be completely violated. Therefore, keeping the price above this level is very important.
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A whale sold 40,730 ILVs on the chain 15 minutes ago, worth $2.91 million
According to the monitoring of Yu Jin, an analyst on the chain, 15 minutes ago, a whale exchanged 40,730 ILVs for 778.7 ETH, worth $2.91 million, and the whale still pledged 260,000 ILVs ($1.764 million) on Illuvium.
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Coinbase International Station will launch Altlayer, Lido DAO and Pendle perpetual futures
Support for Altlayer, Lido DAO and Pendle perpetual futures will be added to Coinbase International Station and Coinbase Advanced. The ALT-PERP, LDO-PERP and PENDLE-PERP markets will be launched at 9:30 am (UTC time) on June 27, 2024 or Open later.
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The Bitcoin trading platform balance has reached a near three-year low.
The reserves of Bitcoin on trading platforms (total Bitcoin available to exchanges) have dropped to a near three-year low of 2,825,703 BTC. In January 2024, Bitcoin reserves on trading platforms were hovering around 3,039,000 BTC. The low trading platform reserves indicate reduced selling pressure and potential supply shocks.
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The price of #TRB reacts well to the top and bottom of the descending channel that is part of a bullish flag pattern.
The price correction process is slow down, and if it can get out of the channel, it will be pumped very strongly. To confirm and continue the upward trend, the price must cross $110.
The probability of the price reaching the support level of $74.00-65.00 and then starting the next upward step is high. This level is a strong demand area. If the price can't jump after reaching this area and fall below it, the upward trend will be invalid, and it shows It will give more downward movement for the price.
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#KLAY🚩 price has returned to the demand area from which it was previously pumped by more than 50%.
As the price reached the resistance level of $0.2600 - $0.2700, the price started to decline and exactly returned to the area of $0.1600 - $0.1500, this area has already supported the price well. Therefore, the possibility of re-support is very high.
If the current level is violated and the price drops below the support level, the situation will become more critical and the possibility of further price reduction and reaching the level of $0.1200 will increase. This level is almost the price floor of this currency
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Coinbase Launches "OnChain India" Initiative
Coinbase partners with Levitate Labs and CoinSwitch for the "OnChain India" initiative, focusing on supporting India's blockchain ecosystem through grants, funding, and community activities. They aim to onboard 50 projects by 2025, fostering Web3 startups in India.
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