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WLD Surge 28% as Global ID Verification Expands to 40+ CountriesWorldcoin ( MIL:WLD ) has experienced a remarkable 28% price surge as its World ID initiative expands to over 40 countries, igniting increased interest in this ambitious decentralized ID project. The expansion aligns with Worldcoin's commitment to a secure, global identity verification system using biometric technology, specifically through its controversial iris-scanning Orbs. This significant growth has not only bolstered WLD’s adoption but has led to a substantial increase in trading volume, with 76% higher activity in recent days, signaling renewed investor interest. Worldcoin's Expansion Driven by a vision to tackle identity verification on a global scale, Worldcoin, co-founded by OpenAI's Sam Altman, has introduced its World ID initiative in diverse regions, including Costa Rica, Poland, and Austria. The program has seen strong adoption, with more than 16 million verified users as of this week. These advances signal Worldcoin's growing influence, as it aims to address digital identity security concerns while mitigating fraud and misuse. The World ID project has also made strides in Latin America, where the introduction of biometric Orbs in countries like Colombia, Ecuador, and Guatemala has extended Worldcoin’s footprint. Altman recently praised CEO Alex Blania’s leadership, highlighting Worldcoin’s resilience despite regulatory challenges and the project's substantial growth. Regulatory Landscape: Navigating Privacy Concerns As Worldcoin expands, it faces ongoing scrutiny, especially concerning biometric data privacy. Authorities in Spain, Germany, and South Korea have raised privacy concerns, and Kenya has temporarily halted Worldcoin’s operations due to these issues. However, Worldcoin’s persistence in the face of such challenges reflects its commitment to navigating complex regulatory landscapes to establish a secure digital ID system on a global scale. Immediate Price Impact Following the user base growth, WLD’s trading activity has surged. The token price currently sits at $2.40, a 38% gain from its support level and a 66% increase over the past week. Trading volume has increased by 76.56%, reaching $2.38 billion, with open interest also up by 38.51%, amounting to $346.38 million. This influx of new funds generally indicates a bullish outlook, suggesting that WLD’s momentum could potentially carry it past the $3.00 resistance level if buying pressure remains strong. Key Indicators Technical indicators show promising signs for WLD. The Money Flow Index (MFI) stands at 70.51, nearing the overbought threshold, while the Chaikin Money Flow (CMF) reflects moderate buying pressure. However, should WLD approach the critical $3.00 resistance level, a short-term pullback might occur if buyers begin to lose interest. Institutional Interest Worldcoin’s recent growth is underscored by notable activity from large investors. Over the past week, transactions valued at over $100,000 totaled $236.93 million, signaling a significant level of institutional involvement. Approximately 45% of MIL:WLD holders are now "in the money" at the current price level, reflecting market optimism regarding Worldcoin's potential long-term value. These large-scale transactions provide a robust foundation of confidence as the project continues to expand. Technical Outlook Despite WLD's positive trajectory, some challenges remain. The cryptocurrency recently dipped by 2.53%, diverging from broader crypto market trends where Bitcoin and other major assets saw gains. Technical indicators present a mixed picture, with the RSI at 62 signaling a bullish stance. However, if WLD's price continues to hover around the current level, it could test the support point at $2.077. A strong hold at this level might pave the way for a new upward move, especially if the overall crypto environment remains favorable—currently evidenced by a Fear and Greed Index of 89%. Conclusion: Is $3.00 Within Reach? Worldcoin’s recent expansion into new territories and its focus on solving digital identity verification issues have spurred significant growth in WLD’s price and trading activity. While regulatory scrutiny persists, the project’s forward momentum, robust institutional interest, and positive technical indicators suggest that WLD could soon test the $3.00 resistance level. However, a careful watch on buying pressure is advised, as a decrease could lead to consolidation around its support level. As Worldcoin’s global ID system gains traction, the future looks promising for WLD investors who see value in the token’s unique approach to decentralized identity verification. The coming weeks will reveal whether WLD can sustain its current pace and break new price thresholds.
Long
by DEXWireNews
HARMONY ONE - TRADE PLAN + TECHNICAL ANALYSIS Technical analysis and trading plan for Harmony (ONE) cryptocurrency. Technical Analysis Ascending Channel: The price is moving within an ascending trading channel, indicating a bullish trend. This channel provides both support and resistance levels. Current Resistance Levels: Primary resistance is around 0.01528. A break above this could signal further bullish momentum. Secondary resistance around 0.01800, which aligns with the upper limit of the anticipated channel and is a key psychological level. Support Levels: Immediate support is around 0.01363, providing a cushion if the price retraces. Additional support is observed at 0.01287, acting as a lower boundary if the bullish channel is broken. Volume Analysis: The volume appears to be increasing alongside upward price movement, which is typically a positive sign for sustaining bullish momentum. Indicators: VMC Cipher B: Shows bullish divergences, supporting further upward movement. However, a close eye on divergences is necessary to anticipate potential trend reversals. RSI: Currently around 63.64, indicating a mildly overbought condition but with room for further upside. Stochastic Oscillator: Around 69.85, approaching overbought levels; this could signal a short-term pullback. HMA (Hull Moving Average): The histogram is neutral to slightly bearish, suggesting caution as momentum could slow down. Trading Plan Entry: Consider entering a long position if the price holds above the current support level of 0.01363 and begins to show upward momentum. Alternatively, an aggressive entry can be made if the price breaks above 0.01528 with a retest, confirming a bullish continuation. Targets: First Target: 0.01528 (short-term resistance). Second Target: 0.01800 (upper boundary of the ascending channel). Stop-Loss: Place a stop-loss slightly below 0.01363 if entering at this level or at the lower boundary of the ascending channel. For a more conservative stop-loss, consider 0.01287 as a threshold, indicating a potential trend reversal if breached. Exit Strategy: Consider partial profit-taking at the first target level to secure gains, and adjust the stop-loss to break-even to manage risk. If the price reaches the second target and there is no sign of bearish divergence or weakening volume, hold a portion of the position for further upside. Risk Management: Manage position size to ensure the risk per trade does not exceed your pre-determined threshold. Regularly monitor the volume and indicators (especially RSI and Stochastic) for signs of a potential reversal. This analysis suggests that while Harmony (ONE) is in a bullish channel, careful attention should be paid to the resistance levels and indicators to manage potential pullbacks.
Long
by elfabiiani
3
HOLO (HOT) TECHNICAL ANALYSIS + TRADE PLANTechnical Analysis for HOLO (HOT) Cryptocurrency Chart Overview: The chart shows HOLO (HOT) trading within an ascending channel, which is a bullish continuation pattern. The ascending channel is characterized by two parallel trendlines: a support line at the bottom and a resistance line at the top, with the price generally moving upwards within these boundaries. Key Observations: Ascending Channel Pattern: HOLO (HOT) is trading in an upward-sloping channel, suggesting a bullish sentiment. The price has recently tested the channel's resistance line, facing a minor pullback, but remains within the channel, indicating potential continuation of the uptrend. Support and Resistance Levels: Support: The lower boundary of the ascending channel serves as the primary support level. If the price tests this line, it may present a buying opportunity. Resistance: The upper boundary acts as resistance, where traders may take profit or anticipate pullbacks. Volume Analysis: The recent volume spike aligns with a test of the upper channel resistance, suggesting stronger interest from traders. A sustained increase in volume on upward movements could confirm bullish momentum. Technical Indicators: VMC Cipher B Divergences: Indicates bullish divergences, which may signal a continuation of upward momentum. RSI (Relative Strength Index): RSI is above 60, but not in the overbought zone, suggesting room for potential upward movement. Stochastic Oscillator: Shows a minor pullback, with potential for reentry if the oscillator reverses from oversold levels. HMA Histogram: Momentum appears to be weakening slightly, as indicated by a minor decline in the histogram. Continued monitoring is needed to confirm whether this trend is reversing. Price Prediction: If the ascending channel pattern holds, HOT may continue its upward trajectory. The next price targets are: Short-term Target: $0.0022 - Near the top of the channel. Medium-term Target: $0.0024 - If price breaks out of the ascending channel with strong volume. Trading Plan: Entry Points: Rebound from Support: Consider entering long positions if the price tests and rebounds from the lower channel support. Breakout Confirmation: Enter long if the price breaks above the resistance line of the channel with strong volume. Exit Points: Take Profit: Near the resistance line within the channel or at $0.0022 to $0.0024 if momentum is strong. Stop-Loss: Set below the support line of the ascending channel to limit downside risk, around $0.0018. Risk Management: Position Sizing: Adjust based on risk tolerance, considering a stop-loss just below the support line. Trailing Stop: Use a trailing stop if the price exceeds the channel's upper boundary to capture potential upside.
Long
by elfabiiani
1
ENA (Ethena) The recent price movement of ENA (Ethena) has shown exciting technical shifts, particularly after attempting to break out of a long-standing price channel four times. This repeated testing of resistance typically indicates strong buying pressure and potential momentum toward higher price levels. With the price channel finally breaking, ENA has surged toward a target range of $2-$5 This upward movement suggests increased investor confidence and bullish sentiment, often seen when technical resistance is overcome after multiple attempts. A price target of $5 is ambitious, yet plausible, given the increased interest and potential fundamental factors supporting ENA. However, as with all crypto investments, this analysis should be viewed as a technical observation and not financial advice, as the market remains highly volatile and subject to rapid changes based on external influences.
by Wibawana
1
RENDER SWING LONG IDEA - RENDER COIN RENDER is one of the leading AI and DePIN projects in the crypto market. During the 2023-2024 altcoin bull cycle, this coin achieved a remarkable 10x return, so I recommend keeping a close watch on it. Technical Analysis: The price recently hit the monthly demand and faced a rejection there during the August 5th dip. This rejection sparked an immediate bullish movement and shifted the weekly structure to bullish. The price also initially pulled back from a bearish trendline responsible for the downtrend since March 2024. Recently, the price broke through this bearish trendline with strong momentum, highlighting the strength of the trend, and I’m interested in joining the trade after this breakout. My targets are set on the purple levels, and I expect potential upside in the coming months. SL: $3.98 TP1: $6.80 TP2: $11.90 TP3: $13.80
Long
by UA_CAPITAL
Grass If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! I'm bullish on $GRASS if it can form an impulse up here and break 3.40. Has been pivoting at the levels I have labeled in the previous charts...check my profile. There is a swift reaction here but it appears to be a Zig Zag correction down atm. So here I am looking for an impulse up for a possibility of continuation. 3.40 is a key component here as well. If it rejects, it could lead to a deeper retracement. Trade Safe, Trade Clarity.
Long
by CryptoKnee
1
BTC POST HALVING History doesn't repeat itself, but it often rhymes... We're now in the post-halving part of the Bullrun, and we can look back into Bitcoins history to help predict what might happen next. Typically A bull cycle lasts 1065 days from the low to the high with the halving event in the middle. If we use that same timeframe and apply it to this Bullrun we can expect the peak for BTC to come in early October of 2025. Now we know that once BTC has had it's top, altcoins regain some of the market dominance in an "Alt season" which is often a manic period of profits from BTC being poured into increasingly risky projects until the whole thing comes crumbling down, which then leads too... The bear market which historically lasts for a full year from top to bottom. The bear market comes when most people least expect it as they are so used to price going up, complacency and greed can cost you all of the gains made in the last 3+ years. It's also important to note that BTC routinely goes through 25-30% corrections on the way up, and this is where many fall down. Knowing the difference between a correction and a top is the difference between making it and roundtripping everything. Have an exit strategy, take profit at key areas, don't let greed win. The Fibonacci levels can be very useful when a project goes into price discovery as well as big even levels, your 100, 150, 200's etc. When Fib levels line up with these big evens you can expect resistance and therefor look to protect your capital. Bitcoin is very close to a breakout from the '21 ATH level, we've been above SWB:69K before but swing failed to hit $56K, I am still a little worried about the GETTEX:52K +VE Orderblock as shown in green, it would make sense to revisit that area at some point however it does depend on this current SWB:69K S/R level.
BITSTAMP:BTCUSD
by ProR35
TROY Token Soars 80% in a Day – Prepare for More GainsIn a surprising and explosive move, CSE:TROY token has captured the attention of crypto traders and analysts with its impressive 80% rally. As market participants ponder whether the token will sustain its bullish momentum or face a looming correction, here’s a comprehensive look at the technical and fundamental forces driving this surge. Recent Performance and Market Sentiment Since the start of the trading week, CSE:TROY has gained nearly 72%, building on a strong rally from the previous week where it spiked 259% before a brief pullback. The token’s price action marks the highest levels seen since July 2023. Despite the general market uncertainty exacerbated by the recent U.S. elections, where Donald Trump won against Kamala Harris, TROY token remained remarkably resilient. TROY's market capitalization stands at $42.7 million, a sharp increase that highlights growing investor interest. Notably, the token is now up 300% over the past ten days, demonstrating an undeniable demand-driven surge. Technical Analysis On the technical front, TROY’s recent price action is remarkable. Following a prolonged downtrend that began in late April and continued until October 25th, the token had shed 58.88% of its value. The sharp rebound has broken this bearish trend, pushing prices to significant resistance levels. The bullish momentum is underpinned by several critical indicators: - Fibonacci Levels: The Fibonacci retracement and extension levels project $0.0048 and $0.0059 as near-term bullish targets, serving as crucial markers for traders to watch. - Consolidation and Potential Breakout: As of now, TROY is down 4.38%, with a weaker RSI at 48. This suggests that the token is in a consolidation phase after its recent surge, potentially preparing for another move upward. The falling wedge pattern that preceded the rally is a bullish continuation setup, and if confirmed, CSE:TROY could target $0.01 in the short term. Liquidity and Open Interest Concerns Open Interest on CSE:TROY has surged dramatically, jumping from $4.3 million to over $50.57 million within 24 hours. This nearly twelve-fold increase indicates that speculators are highly bullish. While this influx of Open Interest signals substantial market participation, it also presents the risk of a "liquidity hunt," where eager bulls may be flushed out in a market shakeout. Additionally, the spot CVD (Cumulative Volume Delta) has climbed, reflecting high market demand. Given TROY's relatively low market cap, it remains susceptible to significant price fluctuations. Therefore, while the potential for further growth exists, new investors should manage risk carefully to avoid being caught holding the token if a correction occurs. Fundamental Strength and Utility The bullish sentiment surrounding CSE:TROY is not solely driven by speculation. The token’s fundamental value proposition comes from its association with Troy Trade, a global prime brokerage specializing in crypto trading and asset management. Troy Trade offers a suite of services designed for institutional clients and professional traders, including: - Master-Level Trading Platform: A unified account with access to aggregated liquidity across various crypto exchanges, featuring smart order routing, flexible account management, and advanced risk control. - Data Analytics: A comprehensive framework that supports decision-making with optimized AI and quantitative models, covering a wide range of data categories. - Brokerage Services: These include competitive fees, efficient order execution, margin trading, OTC services, and real-time fund transfer capabilities. - Full-Stack Quantitative Solutions: Infrastructure for high-frequency trading and precise data analysis, providing clients with robust quantitative tools. The recent surge in trading volume and price is a testament to growing interest in these offerings. Binance remains the most active trading venue for CSE:TROY , with a 24-hour trading volume exceeding $110 million. Key Considerations and Future Outlook As CSE:TROY continues to stabilize near crucial levels, traders should be prepared for a breakout. The buying interest appears to be building steadily, and this accumulation phase could precede a significant move higher. However, with the token trading 88.3% below its all-time high of $0.03652, the path upward may still be bumpy. While the bullish indicators are promising, the possibility of a correction looms large, especially given the token’s overbought RSI and potential liquidity hunts. Investors must remain cautious and utilize appropriate risk management strategies. If CSE:TROY manages to break key resistance levels, the $0.01 target may come into play. A successful breakout could also attract more speculative and institutional interest, further fueling the rally. Conclusion TROY token’s recent surge blends with technical indicators and solid fundamentals. The token's association with Troy Trade's comprehensive services makes it an intriguing asset, but the road ahead is fraught with both opportunities and risks. Keep an eye on market developments, watch for bearish divergences, and be prepared for volatility as CSE:TROY navigates this pivotal moment.
Long
by DEXWireNews
#ALTCOINS Season is commingwe are in a strong resistance for #BTC_DOMINANCE so we have to expect reversal from here & If this happened means....... 1. we are in #altcoins bottoms 2. #altcoins season is coming so soon 3.it is the right time to invest in #altcoins not #BTC *********** This is my expectation for next weeks ********** ******( MAY BE I AM COMLETELY WRONG, PLEASE DO YOUR OWN PLANS ) ******* CRYPTOCAP:BTC.D CRYPTOCAP:BTC CRYPTOCAP:ETH #BTCUSDT #bitcoin #BTC #BTCUSDT #BTCUSD #BTCETH #ETH #ETHUSDT #ETHBTC #ETHUSD #trade #trading #longterminvestment #Cryptotading #cryptoinvesting #investment ##trading #cryptocurrencytrading #bitcoininvestments #Investing_Coins #Investingcoins #Crypto_investing #Cryptoinvesting
CRYPTOCAP:BTC.DShort
by Crypto_alphabit
54
#Altcoin run is programmed in the medium term.2025 will be unique for #Alts and #Bitcoin The impact of the elections in the US on financial markets can be significant. A win by #Trump or Harris could have different effects in terms of economic policies and market expectations. If Trump wins, it is possible that prices will rise even more due to high inflation expectations in the markets. If #Harris wins, it is expected that the #Fed will continue with its current monetary policies, so although there will be price fluctuations in the short term, it is possible that the bull run will continue in the long term. It should not be forgotten that the election results are not only related to short-term effects, but also to medium and long-term economic fundamentals and central bank policies. 🤝
CRYPTOCAP:TOTAL3
by EtherNasyonaL
1
JASMY IS ABOUT TO SKYROCKET SOON! TA + TRADE PLANPrice Trend: The chart shows a downward trend for JASMY/USDT, indicating bearish sentiment. This is evident from the lower highs and lower lows. Volume: Volume appears moderate with periodic spikes, suggesting occasional bursts of buying or selling activity. The recent downward trend does not have significantly high volume, indicating a lack of strong selling pressure, which could suggest potential consolidation. VMC Cipher_B (Divergences): The VMC Cipher indicator, typically used for divergences and momentum shifts, is displaying mixed signals with some green dots that might hint at potential bullish divergence. However, without a strong upward momentum or green dots appearing more frequently, this remains inconclusive. RSI (Relative Strength Index): The RSI is around 45.95, indicating a neutral to slightly oversold condition. It hasn’t reached extreme oversold (below 30), so it doesn’t signal a strong reversal but could imply some buying interest around these levels. Stochastic Oscillator: The Stochastic oscillator is at 68.84, pointing upward, which may suggest a short-term bullish signal as it exits oversold territory. However, it's not yet in the overbought zone (above 80), so this could imply limited upside momentum. HMA Histogram: The HMA histogram shows mixed colors, signaling a lack of strong trend direction in the immediate term. The histogram bars are also close to zero, indicating limited price momentum. Trading Plan Entry and Exit Strategy: Short-Term Entry: Consider entering a long position if RSI drops near 30 or if the Stochastic Oscillator enters the oversold zone and begins to cross upward, confirming potential upward momentum. Alternatively, wait for a breakout above the nearest resistance level at approximately $0.018. Long-Term Position: Given the overall downtrend, a short position could be considered if JASMY retests and fails to break above resistance levels at $0.019 - $0.020, signaling a continuation of the downtrend. Stop Loss: For a long position, set a stop loss below recent support at around $0.016 to limit downside risk. For a short position, consider a stop loss above $0.020 if the price begins to trend upward past resistance. Take Profit: For a long trade, potential take-profit targets could be $0.0185 and $0.019 if the price breaks out of the consolidation zone. For a short trade, consider take-profit targets at $0.016 and $0.015, aligning with previous support levels. Risk Management: Limit exposure to a small percentage of the trading portfolio due to current trend uncertainty. Monitor volume and momentum indicators for any changes, as low volume on a breakout or breakdown can be misleading. Wait for Confirmation: Patience may be required, especially if the price continues consolidating. A confirmed breakout with strong volume could offer a more reliable entry. Set Alerts: Place alerts near critical levels such as $0.016 (support) and $0.019 (resistance) to act swiftly based on price movement.
Long
by elfabiiani
1