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hello, welcome to this XLM/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- On the other side of the spectrum was stellar (XLM), which dropped by over 8% in today’s session. XLM/USD bottomed out at 0.1195 on Wednesday, less than 24 hours after residing at a high of 0.1318. This drop in price saw the token fall for a third consecutive day, falling below a floor of 0.1200 in the process. It appears that today’s sell-off coincided with the RSI failing to remain above a point of support at 49.00. Price strength is now tracking at 44.53, with the next visible zone of stability around the 37.00 region. In the event that this level is reached, XLM will likely be trading under 0.1100. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/XLMUSDT/VzGWhaQK-XLM-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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hello, welcome to this TON/USD update by CRYPTO SANDERS. CHART ANALYSIS:- Toncoin (TON) was one of today’s biggest movers, as markets were buoyed by the news that it was partnering with Telegram. Following a low of 1.73 on Tuesday, TON/USD rose to an intraday peak of 1.95 earlier in the day. This surge resulted in toncoin rising by as much as 13%, nearing a recent high of 2.05 in the process. the move led to the relative strength index (RSI) colliding with a ceiling at the 66.00 level. Earlier gains have since faded as a result of a failed breakout beyond this point, leading to TON now trading at 1.93. In order to move above 2.00, the aforementioned ceiling on the RSI must first be broken. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/TONUSD/bWzwtdGq-TON-USD-12hour-UPDATE-BY-CRYPTO-SANDERS/

NFT-Based Firm Remilia Corporation Sues Independent Contractors Accused of Siphoning $1 Million Remilia Corporation, a digital art and non-fungible token (NFT)-related business, has filed a lawsuit against three independent contractors whom it accuses of siphoning $1 million from the company. Founder Krishna Okhandiar denied claims the three had at any point “sought equity shares in Remilia while negotiating their contracts.”

Yellow Card's Partnership With Moonpay Set to Enhance Nigerian Users' Crypto Trading Experience Yellow Card, the Africa-focused crypto exchange, recently said it had joined forces with Moonpay in an arrangement which is expected to help “enhance the crypto purchasing experience for Nigerians by leveraging local bank transfers.” According to Uzoma James, Yellow Card’s West Africa regional manager, the partnership is expected to “make crypto trading easy, intuitive, and available to all.”

Onecoin Co-founder Karl Sebastian Greenwood Sentenced to 20 Years in Prison One of the founders of the crypto pyramid Onecoin, British and Swedish national Karl Greenwood, has been sentenced to 20 years in prison in the United States. Greenwood was the architect of the scam’s multi-level marketing structure and served as Onecoin’s global master distributor.

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hello, welcome to this ETH/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Ethereum (ETH) moved away from Tuesday’s six-month low, climbing back above 1,600 in the process. ETH/USD peaked at 1,616.54 in today’s session, following a bottom at 1,582.22 less than 24 hours before. As a result of the rebound in price, the RSI has now moved out of oversold territory and is hovering below a key ceiling. Currently, the aforementioned resistance sits at 40.00, with price strength currently residing at 39.40. Should this zone be broken, then there will likely be a push above the 1,620 support point. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/ETHUSDT/KDrnXSUv-ETH-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

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hello, welcome to this BTC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Bitcoin was once again trading above the 26,000 level in today’s session, as markets prepared for the upcoming U.S. inflation report. Following a low of 25,781.12 on Tuesday, BTC/USD rose to an intraday peak of 26,451.94 earlier in the day. The move comes as the world’s largest cryptocurrency continued to move away from a recent three-month low. Wednesday’s surge in price comes as the 14-day relative strength index (RSI) jumped past a ceiling of 44.00. the index is tracking at a reading of 47.23, with the next visible point of resistance at the 50.00 mark. If this level is reached, there is a good chance that BTC will be trading closer to 27,000. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you https://www.tradingview.com/chart/BTCUSDT/gz3O3sKk-BTC-USDT-1DAY-UPDATE-BY-CRYPTOSANDERS/

Crypto Fear & Greed Index

Ethereum Hard Fork Coin ETHW Down More Than 95% Since The Merge Nearly a year after Chandler Guo — the instigator of the Ethereum blockchain’s last hard fork — predicted its rise, the native coin of the breakaway Ethereum proof-of-work blockchain has plummeted by more than 95%. Ethereumpow (ETHW) now trades at a price less than 1% of the U.S. dollar value of ether. The team behind the Ethereum proof-of-work network acknowledged in March that the protocol’s prospects may not be as bright as they were in September 2022.

BTC Above $26,000 Ahead of US Inflation Report Bitcoin moved above the $26,000 level on Wednesday, ahead of the upcoming inflation report in the United States. Consumer prices for August are expected to come in at 3.6%, up from 0.4% the month prior. Core inflation on the other hand is forecasted to fall to 4.3%, from 4.7% in July. Ethereum was back above $1,600.

CPI y/y: 3.7% CPI m/m: 0.6% Core y/y: 4.3% Core m/m: 0.3%

U.S. CPI in 20 mins Forecast: CPI y/y: 3.6% CPI m/m: 0.6% Core CPI y/y: 4.3% Core CPI m/m: 0.2%

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