Moonbags Markets

SOL 133 support hit and bounced like a basketball

Lel

On a Sunday

But default target has been hit

The sheer panic may send us even lower

Approaching cme gap

Lol

Jump Trading recently redeemed $410 million worth of 120,000 wstETH into ETH and then transferred it to CEXs such as Binance and OKX. Since July 25, 83,000 wstETH have been redeemed into 97,500 ETH, and 66,000 ETH (worth $191.4 million) have entered the exchanges. — link

Alt coin market looks as if it's entering depression phase

Current stablecoin marketcaps seem to have stabilized as well and doing a small pullback, might explain why prices have stalled.

I'm still a little peeved we never hit 52k previous low but 53k is close enough. I don't see this happening unless shit really hits the fan like the covid nuke.

Exit pump for q4 is still likely imo

With rates coming down, money markets will be withdrawn

This might be the dip retail bids with all that sideline money

But it's very tough to predict spx levels so it's more likely it stops before it reaches it

As far as stocks go, I can see SPX going back to 5k

57800

My default target is cme gap

I think we get a bit more selling before exhaustion though since the daily momentum is still trending down but I don't think it will be easy to enter

I can understand why with the economic news and war rumors