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Lingrid | BNBUSDT biding TIME Before the Next BIG MoveBINANCE:BNBUSDT is showing strong bullish momentum on the daily timeframe, consistently making higher highs. Meanwhile, on the 4H timeframe, price action shows a sideways movement following a surge that broke out of a prolonged consolidation zone. The price is forming a bullish flag pattern which suggests that this could be a continuation of the upward trend. Currently, the price is testing a downward trendline, and if it breaks and closes above this trendline, it could lead to an extension of the recent upward movement. Additionally, the daily timeframe indicates that liquidity was taken below the previous low at 640, which often signifies increased buying pressure, supporting the potential for a move higher. My goal is resistance zone around 745.00 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
Are we ready for the rise in the price of Bitcoin?The answer is yes We are repeating history... There are less than 60 days left until the breaking of the previous ceiling and then the price increase to the desired ranges in the Bitcoin chart. After 1 year of effort and study, I found out the method of seeing the chart, I did a lot of trial and error, but now I am ready to make the best predictions in the world.... I am Ehsan Chegani from the beautiful country of Iran and I must tell you that the price ceiling of Bitcoin will be set in 2025 and the price will increase to the range of 220 thousand dollars. The altcoin party will start in 3 months and eventually the price of many altcoins will see new ceilings, but there will be no news of significant progress in the market until the next 2 months... During these 2 months, I buy more bitcoins and altcoins with every price drop... how about you??? Number 1: The US government will support Bitcoin. Number 2: Little by little, I am preparing my hardware wallets to be ready to convert bitcoins to dollars and exit the market. Number 3: The price has reached its ceiling and I am selling.
CRYPTO:BTCUSDLong
by ehsan_chegeni
4
Lingrid | TONUSDT in DEEP Correction PhaseOKX:TONUSDT is moving lower following a sell-off in the crypto market. It is approaching a support level where it previously bounced back, forming a spike, and is near the round number of 5.00. It may consolidate above this level, but I believe the market is likely to dip slightly below it after having surged from the support zone beneath 5.00 before. I expect to see buying pressure around the support zone and the downward trendline, which has previously acted as strong support, with the price bouncing off the trendline twice before. My goal is resistance zone around 5.860 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
1
#ETH reaches the target zone 📊#ETH reaches the target zone ✔️ 🧠From a structural perspective, the goals of the double bottom long structure have all been achieved, and the goals of the ascending triangle have all been achieved, so we need to be wary of the expectation of a pullback. ➡️Although the goals have all been achieved, it is a pity that our long orders were swept after setting the breakeven. This is how trading works. When you reduce risk, it means reducing future profit margins, but such good habits can keep you alive for a long time. ➡️If there is a pullback, the short-term support levels worth paying attention to are 3322 and 3394. ⚠️If we consolidate horizontally, then we need to pay attention to the breakthrough opportunities after the price is compressed to the limit. Let's see👀 🤜If you like my analysis, please like💖 and share💬
Long
by wolf_king888
BTCUSDT.4HThe 4-hour chart of Bitcoin (BTC) against Tether (USDT) provides a detailed look at the intraday trading activity, helping to identify immediate trading opportunities and potential future trends. Price Action and Trend: Bitcoin's price action on the 4-hour chart exhibits a supportive ascending trendline indicating a positive momentum. However, the market has shown some consolidation, signaling indecision among traders. Key Technical Levels: Resistance Levels (R1, R2): R1: $104,818.11 - Immediate resistance that may pose a challenge due to recent rejections. R2: $108,353.00 - A higher resistance level that could serve as a target in bullish scenarios. Support Levels (S1, S2): S1: $89,585.14 - A vital support level providing a base for the current price range. S2: $58,946.00 - A lower support, significant in the event of a major sell-off. Technical Indicators: MACD: The MACD is above the signal line, suggesting bullish momentum. The positive histogram indicates strengthening in the upward movement. RSI: The RSI is near the midpoint at around 45, suggesting a neutral momentum. This level indicates that there is room for movement in either direction without the asset being overbought or oversold. Volume and Market Sentiment: Volume trends show moderate activity, aligning with the consolidation phase observed in the price movement, suggesting that a breakout could be pending. Conclusion and Forecast: The technical setup on the BTC/USDT 4-hour chart points to cautious optimism. The presence of a solid ascending support line suggests that as long as prices stay above S1, the path of least resistance is upward. Traders should watch for a break above R1 as a potential indicator for a move towards R2. Trading Strategy: Bullish Scenario: Look for potential buying opportunities if BTC convincingly breaks above R1, using S1 as a stop-loss marker. A sustained move past R1 could indicate momentum towards R2. Bearish Scenario: Should the price break below S1, it may signal a reversal of the current trend, potentially opening positions targeting S2, with a reassessment near previous support levels. Summary: This analysis of BTC/USDT on the 4-hour chart suggests an ongoing bullish trend underpinned by crucial support levels. Market indicators like MACD and RSI support the potential for further upside, provided key resistance levels are surpassed.
by MarsSignals
SOLUSDT.1DThe daily chart of Solana (SOL) against Tether (USDT) provides insights into the current price dynamics and potential future movements based on technical indicators and chart patterns. Price Action and Trend: Solana's price has been experiencing a downward trend, as indicated by the descending trendline. The recent price action has attempted to recover but faces resistance along this trendline. Key Technical Levels: Resistance Levels (R1, R2): R1: $156.58 - Short-term resistance where the price may encounter selling pressure. R2: $262.33 - A more significant resistance level that could cap further advances in the medium term. Support Level (S1): S1: $120.00 - A crucial support area that has historically seen strong buying interest. Technical Indicators: MACD: The MACD line is below the signal line, suggesting bearish momentum. However, the histogram shows diminishing negative momentum, which could indicate a potential reversal or slowdown in selling pressure. RSI: The RSI is around 43, suggesting that the asset is neither overbought nor oversold, providing room for both upward or downward movement depending on market conditions. Volume and Market Sentiment: The trading volume appears subdued, which typically indicates a lack of strong conviction among traders, thus potentially leading to price consolidation before the next significant move. Conclusion and Forecast: The outlook for SOL/USDT shows potential for a short-term recovery if it successfully breaks and holds above the descending trendline. However, traders should be cautious of resistance at R1 and R2, where previous rallies have faltered. Trading Strategy: Bullish Scenario: A confirmed break above the descending trendline and R1 could open the path towards R2. Traders might consider long positions on successful retests of these broken resistance levels as new support, using appropriate risk management techniques. Bearish Scenario: If Solana fails to sustain above the trendline, and particularly if it breaks below S1, it may signal a continuation of the bearish trend. Short positions could be considered in this scenario, targeting the next support level. Summary: This analysis of SOL/USDT suggests that while the market is currently in a bearish phase, there is potential for upside correction. Monitoring key resistance and support levels, along with indicators like MACD and RSI, will be crucial for timely decision-making in trading this pair.
Short
by MarsSignals
ETHUSDT.1DThe analysis examines the daily chart of Ethereum against Tether (USDT) on the Binance platform, highlighting the current market trends and identifying pivotal trading zones. Price Action and Trend: Ethereum's price trajectory shows significant volatility with a bullish trend evident from the upward trajectory of the support line. Recent patterns indicate a recovery phase with potential for further appreciation. Key Technical Levels: Resistance Levels (R1, R2): R1: $4,125.64 - This is the next critical resistance where previous attempts have faltered. R2: $5,528.52 - A long-term resistance level that could play a role if a substantial breakout occurs above R1. Support Levels (S1, S2): S1: $2,713.70 - Recently tested, offering a rebound platform. S2: $2,101.09 - A more robust support level, providing a safety net should S1 fail. Technical Indicators: MACD: The MACD line is below the signal line but shows a convergence suggesting a potential bullish crossover which could indicate an increase in upward momentum. RSI: The RSI stands at 51.48, portraying a neutral momentum with neither overbought nor oversold conditions, suggesting a balanced market sentiment. Volume and Market Sentiment: The trading volume has been stable, indicating a solid interest level in Ethereum at current prices. The market sentiment appears cautiously optimistic, watching for signals from fundamental factors or broader market trends. Conclusion and Forecast: The ETH/USDT pair is exhibiting signs of a bullish continuation, particularly if it holds above the S1 support level. The focus should remain on R1 as a breach could pave the way for a test of R2, contingent on sustaining buy-side pressure. Trading Strategy: Bullish Scenario: Maintain a close watch on sustained trading above S1 with potential entries around this level aiming for R1. Should momentum increase, extend targets to R2, setting stop losses below S1 to manage risk effectively. Bearish Scenario: Should prices break below S1, consider a short position with targets around S2, setting a tight stop loss above S1 to capitalize on potential downward movements without significant risk exposure. Summary: Current analysis points to a positive outlook for Ethereum, with essential support and resistance levels clearly defined for strategic trade planning. Monitoring these levels closely along with MACD and RSI indicators will be crucial in adapting to any sudden market shifts.
by MarsSignals
1
LDOUSDT.1DThis analysis delves into the daily price chart of Lido DAO (LDO) against Tether (USDT) on the Binance exchange. The focus is on identifying the current market trends, potential directions, and strategic trading levels. Price Action and Trend: Lido DAO has been experiencing a volatile trading pattern, marked by significant fluctuations within a wide range. The price has recently formed a bullish pattern, suggesting a potential upward trajectory. Key Technical Levels: Resistance Levels (R1, R2): R1: $2.774 - This level has posed a significant resistance where past rallies have faced rejections. R2: The next resistance target after R1, should momentum continue upward. Support Levels (S1, S2): S1: $0.862 - A recent support level that could provide a rebound zone. S2: If a decline persists beyond S1, this lower support could play a critical role in stabilizing declines. Technical Indicators: MACD: The MACD line is slightly above the signal line, suggesting a potential increase in bullish momentum. However, the proximity is quite close, indicating that any changes in trading volume could easily alter the trend. RSI: The RSI is in a moderately high position at around 58, suggesting that while the market is somewhat overbought, there is still room for upward movement before extreme levels are reached. Volume and Market Sentiment: Trading volume appears moderate but consistent, supporting the current price stability. The market sentiment seems cautiously optimistic, given the recent recovery from lower levels. Conclusion and Forecast: LDO/USDT appears to be in a recovery phase, targeting the immediate resistance at $2.774. The market's resilience at current levels could determine the possibility of testing higher resistances. However, traders should remain vigilant for any signs of reversal, especially if volume decreases. Trading Strategy: Bullish Scenario: A strong hold or bounce from S1, coupled with increasing volume, could validate an entry for a long position targeting R1. Traders should consider setting stop losses just below S1 to mitigate risks. Bearish Scenario: A break below S1 with significant volume could signal a bearish trend taking control, making it prudent to target S2 with appropriate stop losses above S1. Summary: The LDO/USDT pair is currently showing signs of recovery with potential for further upside. Key resistance and support levels should be monitored closely for entry and exit points. The bullish bias should be maintained as long as the price stays above S1, with careful attention to volume changes that could signal a shift in market dynamics.
Long
by MarsSignals
1
RENB - Strategic Colllabaration with Nebul (NVDA) - AI-Biotech Renovaro Inc. is a biotechnology company specializing in advanced cancer diagnostics and therapeutics. They develop innovative cell and gene therapies to boost the immune system's ability to fight diseases like cancer and HIV. Using artificial intelligence, their technology enables early detection of diseases by analyzing genetic markers. Renovaro aims to revolutionize healthcare with cutting-edge treatments and diagnostics to improve patient outcomes. Float: 110.363M Short % of Float: 2.74% Recent News: Dec 20, 2024 Renovaro Regains Compliance with NASDAQ Listing Requirement Renovaro (RENB) announced its subsidiary Renovaro Cube has entered into a strategic collaboration with Nebul to advance the early detection of cancer and other diseases. As part of this initiative, Renovaro Cube plans to deploy a dedicated NVIDIA (NVDA) SuperPOD powered by NVIDIA DGX B200 systems, which feature the latest Blackwell GPU’s, and apply NVIDIA Parabricks functionality to ensure optimal performance on the NVIDIA clusters. Each DGX B200 system delivers up to 72 petaFLOPS of training performance and 144 petaFLOPS of inference performance, providing the computational power necessary to integrate AI across medium-sized hospitals. Overall Market Sentiment: It’s always crucial to consider overall market sentiment when making trading decisions. Trading Strategy: I consider this a mid- to long-term investment strategy. Entry: At recent price around $1.64 Waiting for a pullback into $1.10 zone Breakout Zone: $2.00 Resistance Zones: $2.30 $2.90 - 3.00 $5.00 (double top) - TP 1 $6.80 - 7.20 $8.90 - TP 2 Surpassing these levels could signal a positive trend. Consider taking profits at these levels to realize gains. Risk/Money Management Take Profit (TP): Set the final & optimistic target at $13.00 Stop Loss (SL): Set at under $0.95 to mitigate potential losses. Chart Analysis: Please refer to the attached chart for detailed analysis of price trends and movements. Trading Advisory: Exercise caution and consider market conditions and your own risk tolerance when trading. It's advisable to conduct comprehensive research or consult with a financial advisor before engaging in trading activities. Disclaimer: This content is for informational purposes only and should not be considered financial advice.
NASDAQ:RENBLong
by meitshels_smell_trades
5
AMD: Chart Insights and Trading OpportunitiesAdvanced Micro Devices (AMD) remains one of the most closely watched stocks in the tech sector, with its chart signaling key levels that traders and investors should focus on. With both bullish and bearish scenarios in play, AMD’s next move could set the tone for months ahead. Chart Breakdown Key Support Levels:The primary support zone lies between $118 and $126. This range has historically acted as a reliable base where buyers tend to step in. Key Resistance Levels: The first major movement is $158.15, a critical pivot point that AMD must clear for any sustained bullish move, thus that will become our entry. If this level is broken, AMD could aim for $180, with a longer-term target at $218.40. Possible Scenarios Bullish Case: A breakout above $158.15, backed by strong buying volume, could drive AMD toward $180 in the short term. If momentum continues, the stock could test its long-term target near $218.40. Bearish Case:On the downside, a break below the $118 support zone might trigger a deeper correction. AMD could potentially fall to $100 or even lower, depending on market conditions. Trading Plan Bullish Setup: Entry: Above $158.15 with strong volume. Target 1: $180 Target 2: $218.40 Stop-Loss: Below $148 Bearish Setup: Entry: Below $118, with confirmed selling pressure. Target 1: $100 Target 2: $90 Stop-Loss: Above $125 What’s your take on AMD? Will it break out or retrace further? Share your thoughts in the comments below! 📈📉 ⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions. 💡 Like, Follow, and Share to stay updated on the latest trading insights and chart analyses. Let’s conquer the markets together! 🚀
NASDAQ:AMD
by niveshIQ
Micron Technology (MU)- Dual Scenarios Emerging from Key LevelsMicron Technology Inc. (NASDAQ: MU) - Navigating Key Levels with Analyst Insights Micron Technology (MU) is at a pivotal juncture, trading between significant support and resistance levels. While the technical chart suggests dual possibilities for the price movement, analyst projections and ratings further highlight the stock's potential for the coming year. Chart Analysis: Key Levels to Watch Support and Resistance: The support trendline near $87 has proven to be a robust base for Micron. On the other hand, the resistance zone at $115-$120 marks a key hurdle for any bullish breakout. Potential Scenarios: Bullish Case: A breakout above $120 could see the stock targeting $140 and $160, marking a continuation of its broader uptrend. Bearish Case: Failure to hold the $85 support and the ascending trendline could lead to a retracement toward $70 or lower. Analyst Insights: 1-Year Forecast Average Price Target: $132.01 (a potential upside of +47.87% from current levels). Maximum Estimate: $250 (a whopping +180.02% upside). Minimum Estimate: $31.66 (a downside risk of -64.54%). The analyst ratings further reinforce the bullish sentiment: 27 analysts recommend a Strong Buy. 9 analysts suggest a Buy. Only 1 analyst lists it as a Strong Sell. This positive outlook aligns with the bullish potential of a breakout above the $120 level. Trading Plan Based on the Setup Bullish Setup: Entry: Above $120 with volume confirmation. Targets: $114, $120, $140 and $160. Stop-Loss: Below $85. Bearish Setup: Entry: Below $85. Targets: $70 and $63. Stop-Loss: Above $87 What’s your outlook for Micron? Will it surge past $120 or retreat toward $70? Share your thoughts below and let’s discuss! 📈🚀 ⚠️ Disclaimer: This blog is for informational purposes only and does not constitute financial advice. Always do your research before making investment decisions.
NASDAQ:MU
by niveshIQ
3
ETH/USD Main Trend Pamp/Dump Cycles. Accumulation/distributionThe time frame is 1 month. The graph is logarithmic. The main trend is almost entirely from May 2016 (the network was launched on July 30, 2015). Then the “hacking” story and a fork in ETC (initial) and ETH (more centralized). A week later, ETH will become even more centralized and no longer a cryptocurrency (a true understanding of what a cryptocurrency is). In a year or two, there will be no cryptocurrencies left. No decentralization, complete centralization (substitution of concepts, to achieve the goal). Coin in coinmarketcap: Ethereum (ETH) The graph shows accumulation zones and distribution zones. These are not lows and highs. Notice how the percentage of the average of the smart money set and reset prices differs from the percentage of the maximum lows and highs that the “dumb money” is so chasing. Potential lows and highs may need to be considered, but the basic work should focus on average values of the accumulation and distribution. Here's how this main (long-term trend) looks like on a line chart without “market noise”. 1 cycle of the secondary trend. The accumulation zone after the distribution started at -92.69 Before the exit from the accumulation and the reversal, it reset at -69%. It is up to you to use it or just watch from the side. You should always keep it in mind. Linear chart (trend direction without market “noise”) Note that the super reset of -69% before the trend reversal on the line chart is simply not visible. This is all local fear for capitulation of “weak hands”. So at such times you can use it or watch from the sidelines if you feel you are the “weak link”. Even larger scale between the two cycles. cycle 2 of the secondary trend Now. The cycle is now on a larger scale. Note that the price is now down from the high of -82% Linear graph. Local secondary trend work now ahead of Paris. ETH/USD Secondary Trend (part). Pivot zones. Channel. Paris
COINBASE:ETHUSD
by SpartaBTC
14
ETH Secondary trend. Channel. Potential triangle. 25 12 24Logarithm. Time frame 3 days. With altcoins (overflow of profits from bitcoin, now) along with XRP this is asset #1 for pumping, the reason for this is liquidity, which is extremely necessary for large capital. The average price of 1 distribution zone is conditionally 10 thousand. These are not the maximums of the cycle. When the price lingers in this zone and there is a massive positive news background, all L2 assets, which are now in their accumulation zones, or in retests of breakout zones, will "fly" to super pumps (this is what it is). In percentage terms, they will show an order of magnitude greater profit in their distribution zones. Remember, as a rule, such assets (low liquidity) are first pumped by an aggressive pump (to leave in parts, without regret) by a huge %, and only then is a distribution zone formed on a rollback (channel, triangle ...) (hope for a huge profit on the continuation of the pump). This idea is a continuation of this idea (which I can't update) of a secondary trend, the goals of which have been achieved with utmost precision: ETH/USD Secondary trend. Bullish triangle. Breakout. Target 96% 11 11 2023 It is worth noting that now in the news background: "ether is bad" , huge fake short positions for the news background. Many crypto media personalities speak negatively about the “prospects” of this very promising cryptocurrency of the “American” (Jewish) transnational financial conglomerate JPMorgan Chase (size of depository assets — $ 32.4 trillion, size of assets under administration — $ 7.7 trillion, etc.). What kind of lack of prospects can we talk about?? If they “stink” a lot to create public opinion, then there is probably an interested party in this. That is, it is worth doing everything the opposite of what they want to inspire, and as a result, tilt supply/demand in a favorable direction, which, as a rule, is always unprofitable for most market participants. If you are an investor , then buy at any price (you can use martingale in parts, or place trigger orders for a breakthrough of important zones), and do not be interested in the opinion of the majority (meaningless market noise) and the news background (manipulation, deception). Sell ​​in the distribution zone (time is known in advance when, 2 zones) with a huge profit, as for a liquid trading instrument. If you are a small investor or trader , then pay attention to the L2 group of assets and ETC (big pump “stick”), and use ETH itself as an indicator of “when”. Also, the idea shows an unlikely scenario, or rather two scenarios. Consider this in your risk management. The idea of ​​​​the main trend , published several years ago. Which, of course, is still relevant now. Everything develops organically, and extremely precisely according to plan. ETH/USD Main trend Pump/dump cycles. Accumulation/Distribution 8 09 2022 Trend in general for clarity now. locally this potential triangle (it doesn't exist yet) looks like this.
BINANCE:ETHUSDLong
by SpartaBTC
1
Fartcoin ($FART): The Meme Coin Shaking the Crypto WorldIn a world of serious financial protocols and innovative blockchain technologies, Fartcoin ($FART) has emerged as a lighthearted yet lucrative contender in the cryptocurrency space. From its humble beginnings rooted in fart jokes to its current billion-dollar market cap, this Solana-based meme coin is making waves in the market. Let’s explore the fundamental and technical aspects driving its success. A Billion-Dollar Market Cap Without Major Listings Fartcoin ($FART) recently hit a market cap of $1.09 billion, a remarkable achievement considering it has yet to secure listings on major exchanges like Binance or Coinbase. The token’s popularity is largely driven by its unique "Gas Fee" system, where every transaction triggers a digital fart sound, and its ability to gamify the initial token distribution through user-submitted fart jokes and memes. Trading Activity and Market Sentiment The daily trading volume of $FART stands at $221.6 million, with Bitget leading the charge as the most active trading platform. The FART/USDT pair on Bitget alone has recorded a 24-hour trading volume of $21.9 million, showcasing significant liquidity and user interest. Despite a slight dip of 3.9% in trading activity, the token remains resilient in an otherwise bearish crypto market. Performance Metrics - All-Time High (ATH): $1.29 (December 20, 2024) - Current Price: $1.09, reflecting a 15.1% dip from its ATH. - All-Time Low (ATL): $0.02003 (October 30, 2024), marking a staggering 5,380.04% increase to its current price. Fartcoin’s meteoric rise highlights its ability to outperform both the global crypto market (down 8.7%) and the meme coin sector (down 15.3%) in the last week, with a 19% price surge. Circulating Supply and FDV The circulating supply of 1 billion $FART tokens contributes to its fully diluted valuation (FDV) of $1.09 billion. With its emission schedule fully realized, the token has cemented its position as a leading meme coin. Technical Analysis As of now, $FART is trading 29.7% higher, demonstrating robust bullish momentum. The token is forming a bullish pattern that could pave the way for sustained upward movement. Key Support and Resistance Levels - Support: Immediate support is found at the 38.2% Fibonacci retracement level, which presents a strong buy zone for investors. - Resistance: The token’s recent high of $1.29 serves as a key resistance level, and breaking past this point could open the doors to even greater heights. Potential Long-Term Growth Given its strong community backing and unique appeal, Fartcoin is poised for a potential rally to $3 in the long term. Its current trajectory suggests that investors could witness significant gains as the meme coin sector regains traction. What’s Next for Fartcoin? Fartcoin’s rise underscores the power of community-driven projects in the crypto space. With its playful branding, unique tokenomics, and strong market performance, $FART has positioned itself as more than just a joke—it’s a serious contender in the meme coin arena. As the token awaits listings on major exchanges, its accessibility and adoption are likely to increase, further solidifying its position in the market. For now, investors are watching closely to see if $FART can maintain its bullish momentum and hit new all-time highs. Conclusion Fartcoin’s journey from meme to market leader showcases the evolving dynamics of the crypto space. Whether it’s the playful appeal of its "Gas Fee" system or its robust trading activity, $FART has proven that even the most unconventional ideas can find success in the world of blockchain. With strong fundamentals and a bullish technical outlook, Fartcoin might just be the breath of fresh air—or gas—that the meme coin market needs.
RAYDIUM:FARTCOINSOL_BZC9NZ.USDLong
by DEXWireNews
PancakeSwap Wraps Up 2024 With a Record-Breaking Year PancakeSwap, one of the leading decentralized exchanges (DEXs), has achieved a significant milestone, recording a total trading volume of $310 billion in 2024. This marks a staggering 179% increase compared to 2023, highlighting the growing adoption of decentralized finance (DeFi) and layer-2 (L2) blockchain networks. Record-Breaking Trading Volume In 2024, PancakeSwap achieved $310 billion in trading volume, up from $111 billion in 2023. This growth was fueled by increased activity on L2 blockchains like Arbitrum and Base, which saw explosive year-over-year (YoY) increases of 3,656% and 3,539%, respectively. Key Contributors to Growth - DeFi Adoption: The rise in total value locked (TVL) across DeFi platforms—from $54 billion at the start of the year to $121 billion by December 24—boosted trading volumes. - Cross-Chain Expansion: PancakeSwap expanded its presence on Ethereum (+251% YoY) and the BNB Chain (+155% YoY), showcasing its adaptability to multi-chain ecosystems. - User-Centric Upgrades: Enhancements like the revamped swap interface, PancakeSwapX, and tools like the Telegram Swap bot have improved user experience, encouraging higher engagement. Innovative Features PancakeSwapX, launched in October 2024, introduced zero-fee trading and gasless asset swaps on Ethereum and Arbitrum. This innovation significantly reduced onboarding complexities for new users, making DeFi more accessible to mainstream investors. Technical Analysis As of the time of writing, NASDAQ:CAKE is trading at $2.53, up 1.75% within a consolidation channel. Despite recent price stagnation, several indicators suggest potential movement: Relative Strength Index (RSI): The RSI is currently at 46, indicating neutral momentum. However, the overall market sentiment remains positive. All-Time High (ATH) Potential: After peaking at $4.6 earlier this month, NASDAQ:CAKE has retraced. With the altcoin market gaining momentum, a post-Christmas rally could push NASDAQ:CAKE back toward its ATH. Competitive Position PancakeSwap is currently the second-largest DEX by daily trading volume ($2.23 billion), trailing Uniswap ($3.11 billion). It remains a dominant force in the DeFi space, supported by strong community engagement and a focus on innovation. Outlook for 2025 With the continued expansion of DeFi and L2 adoption, PancakeSwap is well-positioned for sustained growth in 2025. The platform’s emphasis on simplifying the user experience and integrating innovative features like gasless swaps will likely attract a broader audience, further solidifying its position as a top-tier DEX. Final Thoughts PancakeSwap’s $310 billion milestone underscores the platform’s ability to adapt and thrive in the rapidly evolving DeFi landscape. As NASDAQ:CAKE approaches the new year, both its technical setup and PancakeSwap’s fundamental advancements point toward a promising trajectory for 2025.
by DEXWireNews
2
TradeCityPro | RONUSDT Possible Market Movement During Christmas👋 Welcome to TradeCityPro Channel! Let’s examine another coin at the end of 2024, analyze its triggers, and set alarms to stay alert before the market moves. 🌐 Overview Bitcoin As always, before starting the analysis, let’s take a look at Bitcoin on the 1-hour timeframe. Today, we had a good upward wave toward the 99079 resistance with strong volume, but the 1-hour candle got rejected, emphasizing the importance of this resistance. As long as we stay above 96403, I will try to go long after breaking 99079 to follow the potential upward trend with lower risk. If Bitcoin dominance also turns red, I’ll use the 99079 trigger as a confirmation for altcoin trades. 📅 Weekly Timeframe On the weekly timeframe, RONUSDT is one of the bullish coins in the market. It performed well in 2023, climbing from a low of 0.405 to a peak of 4.264 with strong green candles. After forming this peak, it started its correction, and after touching 1.434, it created a support level. It briefly dipped below it, rebounded, and moved to the 2.305 resistance, which highlighted the importance of this level. The higher low for 2024 at 1.434, which coincides with the 0.382 Fibonacci level, suggests that if it breaks its peak at 4.264, we could target - 6.548 - 9.37 - 15.64 If you are holding this coin, I suggest taking profits and removing your initial capital. If the weekly candle closes below 1.434, sell your holdings. For those who don’t hold, 2.305 and 4.265 are great triggers. 🌞 Daily Timeframe On the daily timeframe, after being rejected from the 2.354 resistance (the top of the range), it returned to the midline, where it created a good candle and bounced upward. If it moves toward 2.354, it may create a higher low. After breaking 2.354, if you missed the entry, you can make a riskier buy based on the current low being formed and hold for the mid-term. If you entered inside the range due to FOMO, I suggest exiting if the 1.353 support breaks. Don’t hold onto a coin emotionally. ⏰ 4-Hour Timeframe On the 4-hour timeframe, we’ve finally formed a structure, and early triggers for movement can be identified. This setup is worth risking one stop-loss attempt. 📈 Long Position Trigger after breaking 2.074, enter early with confirmation from volume increase, RSI breakout, and overbought conditions. 📉 Short Position Trigger while I’m not focused on these, if a lower high forms or we get rejected at 2.074, the 1.827 trigger becomes significant for a risky short position. Remember to secure quick profits. 📝 Final Thoughts Stay calm, trade wisely, and let's capture the market's best opportunities! This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
Long
by tradecitypro
17
Beautiful fractals of Bitcoin ends before ChristmasWhen we start counting the strong and memorable upward waves of Bitcoin from August's lowest price, where we saw a nice support reaction at $49,000, we witness one of the most beautiful phenomena in the financial markets on the chart. It's a stunning nested fractal that showcases a powerful five-wave upward movement, with the third wave standing out, and it itself has formed another self-similar five-wave fractal, for 4 times in a row! I can't emphasize enough how beautiful this part of the market is. The power of the upward waves, the neat and appealing corrections, the Fibonacci levels that comply with Elliott's rules, and the stunning reactions to significant static and dynamic levels—all of this creates an incredible visual. I can share this section of the Bitcoin chart many times in my classes to help enthusiasts understand the nested nature of market waves and gain greater mastery and appreciation for the beauty of the financial market. I've even tried to create a minimal drawing of this phenomenon on the chart with my limited drawing skills. Now, we see that all these fractals have closed at the price of $108,000, and there isn't an upward fractal that had started before touching the low at $49,000. The downward momentum from the $108,000 price indicates that we've completed a strong bullish period and are entering a new phase. The end of an upward movement doesn’t necessarily mean the beginning of a downturn, so I’m not setting any outlandish bearish targets. I always track the market step by step. This could be the start of a significant drop, or perhaps the price will range for a while. The recent movement, which has lasted about 135 days, suggests that this correction period won't end soon, and I don’t expect the historical peak to be broken until March 2025 at the earliest. Based on fundamental analysis of the markets in the upcoming year, I believe we can agree that Bitcoin's upward movement may continue into next year. However, given the economic data and the Federal Reserve's cautious decisions to strengthen the dollar, we shouldn't expect this rise to happen rapidly. Bitcoin's fluctuations in the $90,000, $80,000, and maybe even $70,000 range can be good news for those who are still dollar-cost averaging. By the way, I wish all market participants the best in the new year. Merry Christmas 🎄 and Happy new year! ✨✨✨✨
by leqaeian
1