Crypto Magazine

About the mindset Social media #crypto has increased #FUD: few calls to buy and increasingly more calls to sell. Expectedly.

My eyes fell on an extremely interesting token, the review of which I would like to share with you #TON The coin has recently attracted a lot of interest from both large investors and ordinary traders. After the crypto conference in Dubai, it became clear to many 💡 that the token's potential is extremely high, especially if we take into account all the recent news and direct connection with the Telegram messenger. On the chart, we can see that the current movement is within a “converging triangle”. The price was held near its upper boundary for a long time, after which a relatively deep correction began - it was simply necessary for big players, who were definitely not willing to buy back the asset on highs. The lower border of the triangle acted as a strong support zone, which did not allow the price to go beyond the $5 mark. At the moment there was a local break of the trend and the coin slowly but surely started a new wave of growth. The nearest resistance zone, which can stop the price is at 6.2500-5.9400$, I think that the asset will reach these marks without any problems. If we consider the unfavorable variant of events with the continuation of the global downtrend, I am more than sure that the price will not be allowed to go below the main support zone at 5.0555-4.8198$. In general, Toncoin is an extremely interesting asset, which can be safely dialed into your spot portfolio, at a distance of 3-6 months you can get a decent addition to your trading deposit.

💰 Solana-based DePIN io.net CEO claims network was attacked in detailed postmortem Ahmad Shadid, the CEO of decentralized compute provider io.net, has responded to critics who had questioned the number of GPUs truly available on the platform with a detailed post-mortem claiming the network had been attacked by users attempting to spoof GPU availability in return for future rewards.

My favorite asset #ETH continues its rise. I wrote in the last review: Price is separated from liquidity collection from the 1st local maximum (3730$) by only ONE resistance level at 3419$. Yesterday there was a test of this zone, in consequence of which there was a reaction with the subsequent not deep correction. In spite of that the asset continues to look quite interesting, let's understand why! First of all, I would like to draw your attention to the fact that a few weeks ago bearish volumes clearly dominated, but now the situation has started to change for the better. Buy volumes have started to grow, albeit slowly, and this already indicates the presence of a buyer in the asset. I propose to look at the chart: the number of zones that the price needs to overcome before removing the 1st local high (3730$) has become less, it happened because of the shift of the upper boundary of the descending channel (aka the sloping resistance level). Now it is on par with the main resistance level of $3419. I will not exclude the descent to the support zone at 2985-2868$, but I consider the probability of this event to be extremely low. It can happen only on a news fade..... Speaking of news: “Tomorrow, April 30th, ETFs on #BTC and #ETH will officially start trading on the Hong Kong market” - this could be a great boost for the market!

Today I want to draw your attention to the nonsense of the current market - #TRX While most altcoins are relentlessly updating their lows - Tron closes 7 daily candles in plus. This is certainly an extremely positive trend. Moving on to the technical part, we would like to note at once that the asset has already broken through the bearish triangle configuration in the long position, and then continued its upward movement. At the moment the price is in the key resistance zone at 0.12401-0.12000$, the breakdown will mean the complete capitulation of the sellers, because above the bulls will be simply nothing to stop and they will continue to press the price. The nearest support is the previously broken sloping level - before the continuation of growth, it is quite possible to see its retest, in order to cool down the indicators a bit and prepare for further movement. In case of a deeper correction, the price will meet the main support zone at 0.11244-0.11031$, below which the uptrend is disabled. To summarize, if we manage to go above 0.12346$, the further scenario is likely to be with overhang. The fundamental development of the network with a positive news background also contributes. For the buyer, excellent conditions for further growth have been created. There are no harbingers of a trend change, but we should keep an eye on the approach to the level of $0.11031, as its breakdown will actualize the bearish scenario and marginalize the buyer.

📣 DeFi DAO introduces permissionless listings with AI enhancement Ooki, a decentralized finance DAO, innovates by combining artificial intelligence and permissionless listings. The decentralized finance (DeFi) space is crowded with thousands of tokens with varying use cases, while coins with new utilities emerge occasionally. While enriching the DeFi ecosystem with diverse investment options, this proliferation of tokens also introduces a significant challenge for users.

💰Morgan Creek Capital's CEO predicts baby boomers will invest $300bn in cryptocurrencies within a year due to Bitcoin ETFs, potentially raising the market cap to $6tn.

Gentlemen, I want to tell you a little bit about a project like #SEI Sei Network is an open-source Level 1 (L1) blockchain that is built on the Cosmos technology stack. The network is focused on decentralized exchange trading. I think it is clear to everyone that the project's fundamentals are on top, so let's move on to analyzing the chart - after setting a global high at $1.1450, the asset started a prolonged corrective movement, taking place within the descending wedge. At the moment the price has come to a rather strong resistance zone at 0.6500-0.5780$, there is also the upper boundary of the wedge, which puts additional pressure on the asset. Taking into account all the above mentioned factors, I don't think that the price will manage to break the downtrend in the nearest future. Most likely it will be brought down to the lower boundary of the descending wedge, where it can get a reaction from the support zone (0.4849-0.4382$) and start to grow. Summarizing I would like to say the following - due to its fundamental the coin on the distance is an extremely promising asset, which very soon can be picked up at good discounts. Personally, I will do so!

📣 AI-powered DeFi platform secures $10M investment with upcoming DAO NFA Labs recently partnered with Quantix Capital, receiving a $10 million capital commitment to be used to grow the ecosystem. The latest rally in crypto has not gone by without bad actors intensifying their illicit efforts. The first two months of 2024 witnessed a 15.4% increase in stolen funds, with more than $200 million lost to hacks and rug pulls, while decentralized finance (DeFi) remains the biggest target for culprits.

#OP The price went perfectly along the arrow I drew. The signal to sell was given at the mark of 2.800$, it is important to gain courage and more closely follow the posts, where I advised to open a short position, and everyone could fix from 20 to 33% of the net movement! The asset tested my previously outlined bullish zone of interest at $1.927-1.611, removing the level with an ineffective price formation at $1.861, after the bulls instantly bought back the coin and fixed the price above the strong support zone at $2.305-2.136, which we may soon break through and go even lower. Due to such a deep correction, a beautiful upward channel was formed on the chart, which indicates a global buyer's interest. As I said before: The #OP should be viewed with optimism, so it would be a mistake to exclude the option of growth from the current marks. Unfortunately, slowly fading volumes indicate a possible continuation of the fall, but in fact it is not so terrible.In case of a breakdown of the lower boundary of the ascending channel and the formation of oversold on RSI I plan to buy back the asset.

Perfect workout of the #BTC💰 The movement of the asset is exactly as it was described in the presented scenario - the growth up to the main support zone ($67534), as I assumed, did not cause any difficulties, but its overcoming turned out to be not a strong task for the price. At the moment BTC is already approaching the nearest support zone at 62988$ from which it is quite possible to see a reaction and the beginning of growth. Only liquidity located at the local lows of the asset is confusing. The wicks left by the price after the recent correction are too big and need overlapping. Taking into account the growing volumes of for sale, and the obvious pressure of sellers, the main inclination now is to continue the local decline. In case of support breakdown we will have to consider lower targets ~ $60800-59800 as targets. With the current situation on the market, we do not consider longs, it can be dangerous. Nevertheless, very soon the market may give us new favorable levels to set positions

💰 Polygon leads in EVM efficiency as DeFi users favor low transaction costs Layer-1 blockchains are foundational networks supporting various applications directly on their protocol, while Layer-2 blockchains operate atop these foundational layers, enhancing scalability and efficiency. Comparing the usage and efficiency of EVM-compatible L1 and L2 blockchains and side chains helps us better understand the market values and where most of the DeFi activity comes from.

💡💡💡: 🇺🇸 FBI warns Americans against using non-KYC #Bitcoin and crypto money transmitting services.

#BAKE Let me start by saying that BAKE is an incredibly technical asset. Since the beginning of March, we have been moving in a descending trading channel, where we tested the global support zone around 0.3700-0.3386$. This range was later broken and is now acting as a global resistance level. After the spills, there was a test of the global support level around ~0.2100$, from which there was an immediate reaction. I would like to note that after the stabbing of this level we have been getting significant upside spurts throughout history. In the near future I expect continuation ofgrowth and formation of an ascending channel. The first target for us will be the value of 0.3800$, on the way to it the price will have to overcome a rather strong resistance zone at 0.3700-0.3386$. The main target is to update the local maximum of the asset, namely 0.5461$. Right in front of it there is an area of increased volume near $0.4517$, which will act as a significant obstacle. In case we break through this area, we will reach the main target very, very quickly.

👀Buy Bitcoin sign shown behind Janet Yellen at a congressional testimony in 2017 sells for $1 Million at auction.

💡💡💡: Tesla $TSLA reveals none of their $711,050,000 worth of 🥇 Bitcoin was sold in Q1 2024.

#WEN Let me say right away that this is a memcoin created by Jupiter funder. While jupiter is really one of the savvy projects on the SOL blockchain. #Wen has good activity on twitter + a lot of big influencers are promoting it in every possible way - agree, this is more than enough for the growth of meme coin, but I also recommend you to consider what the chart is saying... Moving on to the technical part, I would like to note at once that when analyzing this asset, it is best to resort to wave analysis. A true wise man should be able to use all the tools that will allow him to profit from the market. From the moment of listing, the asset moved in a 5-wave impulse upward, after which the ABC correction began. It ended at $0.000162, which coincides with the location of the main support zone. At the moment we should expect the beginning of a new impulse upward to the targets which we would like to emphasize in the zone with liquidity(0.000452-0.000406$) and the global maximum of 0.000565$. In addition to the waves, clear gaps in the profile volumes are indicative of potential growth. The only hard-to-pass zone is located at $0.000277-0.000255 - after its breakdown all doubts about the buyer's strength will completely disappear.

Let's continue the day by talking about our favorite #SOL 💰 The global growth prospects for the coin are truly limitless. Many tokens created in this network are already showing tremendous growth, and Solana itself has soared over 2000% in just 6 months. A look at the chart shows that the coin has been moving in an "Upward Expanding Wedge" for a long time. About a couple of weeks ago the price tested its lower boundary, after which it got a reaction and rebounded. At the moment, a slow but sure upward movement is underway. Given the current state of Bitcoin, the most logical option would be to grow to the upper boundary of the wedge, followed by a correction. Let's look technically: The nearest support zone is located at $126-116, just outside the lower boundary of the wedge. In case the selling volume starts to increase and there is a clear bearish pressure, it will be the main barrier protecting the price from a deeper correction. Even if the seller manages to break above the marked zone, the increased profile volumes at $97.78 will definitely contribute to the recovery of the asset. I think there is no more question on the lower zones, let's move to the potential upside targets. At the values of 210-193$ there is the 1st zone, which can prevent the price from updating its global maximum(259$). In general, the asset will be able to reach this zone without much trouble, which is ~30% of net movement.

The SEC has reportedly delayed the Franklin 🔵 Ethereum spot ETF, while Standard Chartered doubts a May approval. However, the bank remains optimistic, expecting BTC to reach $150k and ETH to hit $8k by year-end, suggesting negative news is already priced in.

🔹#ETH is successfully rehabilitated! As I suggested in the last review, the support zone at 2993-2906$ did not allow the price to correct too much. After several attempts to break down the asset started to buy back quite aggressively - one of the strongest resistance levels at 3204$ was broken, which is definitely a bullish signal! The buyer is returning to the asset and it can't but be happy. At the moment the price is separated from liquidity gathering from the 1st local high(3730$) by only ONE resistance level at 3419$. We need to watch carefully the reaction from it, because in case of a breakdown there are excellent opportunities for opening long positions.