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Ripple's Global Expansion: From Stablecoins to Strategic BankIn the ever-evolving tapestry of the blockchain and cryptocurrency world, Ripple Labs has been weaving a new thread of innovation and expansion. Over the past two months, Ripple has not only introduced Ripple USD ($RLUSD), a game-changer in the stablecoin arena, but has also stitched together strategic partnerships that span continents. From enhancing payment corridors in Portugal to securing a foothold in the Middle Eastern financial landscape with Saudi Arabia's National Commercial Bank joining RippleNet, Ripple is redefining the boundaries of digital finance. Let's dive into the ripple effects of these groundbreaking moves. Ripple USD ($RLUSD) Introduction Ripple announced the introduction of Ripple USD, a fully-backed US dollar stablecoin on the XRP Ledger, enhancing functionality and opening new possibilities for developers. Ripple USD Trading Availability Ripple USD was made available for trading on platforms like ZeroHash and Revolut, expanding its reach and utility in the crypto market. Ripple USD Launch on Global Exchanges Ripple USD was launched on global exchanges, including MoonPay, Uphold, CoinMENA, Bitso, and Archax, aiming to provide instant global payments, seamless on/off ramps, and access to real-world asset value. Partnership with Unicâmbio in Portugal Ripple entered a partnership with Unicâmbio, Portugal's leading currency exchange provider, allowing corporate customers to move funds instantly between Portugal and Brazil using Ripple Payments. New Money Transmitter Licenses in the U.S. Ripple announced the acquisition of new Money Transmitter Licenses (MTL) in New York and Texas, alongside plans for growth in customer onboarding and hiring in the U.S. Integration with Chainlink Ripple USD ($RLUSD) adopted the Chainlink standard for verifiable data to enhance DeFi adoption by providing real-time, secure pricing data. National Commercial Bank (NCB) of Saudi Arabia Joins RippleNet The National Commercial Bank of Saudi Arabia, the second-largest bank in the Middle East by total assets, officially joined RippleNet, indicating a significant move for cross-border payment solutions using Ripple's technology. With all of these announcements, XRP is still in a tight trading pattern between $2.50 USD at the upper end and $1.79 at the lower end. This tells me one thing. The large financial institutions are holding XRP trying to get as much as the can for themselves and trying to tire out the retail traders (us) so that we are out of the way. Any large corporation that had these many announcements, and high quality ones, over the last 60 days would have their stock soaring on Wall Street. Although I cannot give any financial advice, I will tell you what I am doing. I keep 30% of my XRP long because we never know when things will change and we wake up to $100 XRP tokens. The other 70%, I swing trade. I AM NOT going short, again, you don't know when you place a "short" hoping for it to go to $2.00 and then it goes to $100. I exit to USDT, wait for it to drop 3-5% and then purchase "long". My goal is to increase the number of XRP that I own. XRP is a utility token that is being adopted by major financial institutions and will eventually be a SWIFT replacement. This will one day make XRP soar to BTC values. Remember, I was the guy that purchased BTC at $0.11 and sold at $0.54. I know you might get tired of me reminding you of this, but I don't want you to miss the XRP boat and say, "I should have listened to Tim."
KRAKEN:XRPUSDLong
by MissouriTim
TradeCityPro | BTC.D The Best Way to Find Alt Season!👋 Welcome to TradeCityPro Channel! Let's go together to one of my favorite charts, which is actually a topic that has made the crypto market easier, and if it weren't for these dominances, I would probably go to analyze Forex together. 🌐 Overview Bitcoin Before starting the analysis, I want to remind you again that we moved the Bitcoin analysis section from the analysis section to a separate analysis at your request, so that we can discuss the status of Bitcoin in more detail every day and analyze its charts and dominances together. This is the general analysis of Bitcoin dominance, which we promised you in the analysis to analyze separately and analyze it for you in longer time frames. 📊 Weekly Timeframe In the weekly time frame, Bitcoin dominance has had a very good upward trend and after the 39.40 to 47 percent box exit, this upward trend has begun, and I must also say that supply and demand There is no demand for this chart and many lines cannot be interpreted in it After the resistance level of 54.20 was broken, we were bullish the entire time and this chart was practically telling us that it is better to go and pay attention to Bitcoin itself than to be involved in buying baskets and other things and Bitcoin itself is going to give more profit during this period And another argument arises that if you pay attention, most altcoins are at their bottoms, while Bitcoin is completely above its ceiling of $69,000 compared to previous bull runs and only altcoins that were in a good position compared to Bitcoin were profitable, such as solbtc, and this shows that the time for strange profits for most altcoins has not yet come When will this happen? When the market is bullish, Bitcoin dominance starts to fall and money flows from Bitcoin itself into other altcoins, and that is when altcoins are just starting to come alive and make a good move, like in 2021. See the chart above, there is a chart that shows the fall of Bitcoin dominance in the weekly time frame, while the market has made a short correction and is going to record a new high again, and now the reaction of altcoins in this space is interesting. Now we have the chart of this event. We see that during the fall of Bitcoin dominance, it was the time when the majority of the charts started to move, and altcoins experienced a Sharpe rise, and money flowed from Bitcoin into altcoins, and the btc altcoin pair became bullish, and this shows that we are witnessing alt season. Now what happens? On the chart, I would say that we have entered the alt season? Weekly engulfing of Bitcoin dominance or a sharp decline and rest. On the other hand, I think we are at the end of the uptrend because there is really more money on altcoins and other events, and this money is staked, so we probably won't see any other numbers. On the other hand, when we reach 40%, we can say that our alt season is over! 📝 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! ❤️
CRYPTOCAP:BTC.DShort
by tradecitypro
10
DOGE initiated the rally that will reach $1.00DOGEUSD is forming a support base straight after it breached but rebounded and closed over the MA200 (1d) on February 3rd. The pattern throughout this Bull Cycle is a Fibonacci Channel Up and the bottom also took place on the 0.236 Fib which was were the rallies of October 2023 and January 2024 started. Trading Plan: 1. Buy on the current market price. Targets: 1. 1.0000 (top of the Channel Up / Fib 1.0). Tips: 1. The RSI (1d) hit the 30.00 oversold level. This has turned out to be an excellent but entry for Doge long term. Please like, follow and comment!!
CRYPTO:DOGEUSDLong
by TradingBrokersView
KASUSD Channel Down bottom rebound. When to sell again?Kaspa (KASUSD) is trading within a (blue) Channel Down pattern since the July 31 2024 High. The formation only broke for 4 days last December. Last Monday, the price touched the bottom (Lower Lows trend-line) of the Channel Down and today we see the technical rebound reaction in full effect. The 1D RSI turning oversold (<30.00) is a major part of this. The current Bullish Leg should target at least the 0.618 Fibonacci retracement level at 0.12500, as all 3 previous rebounds within the long-term Channel Down did. It is very likely to see a rejection there, as it is the top (Lower Highs trend-line) of the diverging (dotted) Channel Down, which was initiated on the December 08 2024 High. We expect the bearish reversal to hit at least 0.07500, potentially at the same time the 1D RSI turns oversold again. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:KASUSD
by TradingShot
2
Bitcoin Trading Thesis – February 11, 2025🔹 Current Price: $98,402 🔹 Action: OPEN LONG (Buy BTC) 🔹 Target: $100,500 📈 | Stop-loss: $96,500 🔹 Confidence Level: 85% ✅ Why is BTC Looking Bullish? ✅ Market Sentiment: Strong financial & order book indicators suggest bullish momentum. ✅ Technical Signals: RSI & MACD show upward momentum, signaling a potential breakout. ✅ Derivatives Data: Funding Rate: Positive ➝ Traders paying a premium to long BTC. Open Interest: 76,854 BTC ➝ High participation in futures, supporting bullish activity. ✅ Order Book Imbalance: Increased buy pressure from large market orders. Key Scenarios 📊 Bullish Case (Higher Probability) If BTC holds above GETTEX:98K , strong momentum could push it to $100,500 🚀. Breaking $100K could trigger FOMO buying and push prices even higher. 📉 Bearish Case (Lower Probability) If BTC fails to hold GETTEX:97K , it could retest $96,500 support before another move up. A break below $96,500 would invalidate the bullish thesis. Trading Strategy 🔹 Entry: Look for pullbacks near GETTEX:98K for better positioning. 🔹 Stop-loss: Tight risk management at $96,500. 🔹 Target: First take profit at $100,500, reassess for further upside. 💭 Will BTC finally break $100K, or will it pull back first? Drop your thoughts! 👇
Long
by titankarma
TradeCityPro | TOTAL2 BullRun Trigger Identified!👋 Welcome to TradeCityPro Channel! Let's go together to examine and analyze the Total 2 chart in the Dominance section, which includes all cryptocurrency coins except Bitcoin in its chart. 🌐 Overview Bitcoin Before starting the analysis, as usual, we wanted to take a look at Bitcoin in the one-hour time frame, but we made an interesting decision with the team guys and decided to analyze Bitcoin for you every day with a poll that we posted in Telegram. Today's analysis was also uploaded before the start of the New York session and you can see it from the link below. 📊 Weekly Timeframe In the weekly time frame, we were rejected from our ceiling, which is an important point of $1.62 trillion, and this makes the ceiling more and more important for us than ever. Let me also tell you a teaching point that I just pointed out to you on a candle on the chart, and these candles are mostly made at the market ceiling or a place where At least we are going to get rejected from it and it is an important resistance for us and they are usually red and have a longer shadow than the body from below. I suggest you watch them for a while so I can teach you. Also, if you are looking for an entry trigger for bull runs and spot purchases and anything else, your best trigger will be on the weekly time frame at 1.62 and after the break, good money will enter the market and our new primary trend will be formed and I will definitely enter myself. We also had another entry with the resistance level of 662 billion and it was mostly Ethereum, Solana and Link that we tried very hard to break 662 and be with it and I will try just as hard to break 1.62 and enter it. We are currently at the support of 1.13 and in case of a deeper market correction, we will move to the levels of 974 and 817. 📈 Daily Timeframe On the daily time frame, the total two is very good and this shows that Alt Coins above rank 30 did not make a very deep correction, and if you look at the charts that you see had a deep decline, they are still correcting, and the main reason for the chart being this way is Solana, XRP, BNB, and SUI. Also, after breaking our good daily trend line and breaking the 974 billion box ceiling, we experienced a very good upward movement and moved to the 1.55 level and the important ceiling, and we actually suffered a heavy rejection, but because it was because of FOMO, we could not count on its resistance, but the pullback and future rejection formed the important resistance price of 1.55. After forming a daily range box of 1.32 to 1.55, which we had been suffering for a while, and the recent series was very weak, and it caused us to suffer a rejection halfway through and break the 1.32 support in a sharp manner and come to the 0.5 Fibonacci support, which is very important both in terms of Fibo and also in terms of Dow. 50% correction is very important and this could be the place where the price rises We will probably stay on this support for a while and suffer and then move up and if we lose 1.17 we will go for lower levels like 1.09 and 974 billion but the most important support that should not be lost is 797 billion but there is a long way to go 📝 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! ❤️
CRYPTOCAP:TOTAL2Long
by tradecitypro
9
BTCUSD: Falling Wedge close to breaking to $105.5kBitcoin is marginally bearish on its 1D technical outlook (RSI = 44.917, MACD = -782.200, ADX = 41.331) but neutral on both 1H and 4H, as it is close to conclude a Falling Wedge. Today the price held the 1H MA50 for the first time after a test of the pattern's top, which increases the chances of a bullish break out. Buy only if the break out happens and target the 2.0 Fibonacci extension (TP = 105,500), which happens to be just under the R1 level. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CRYPTO:BTCUSDLong
by InvestingScope
BITCOIN This is what happened on the last 1D MA100 double test.Bitcoin (BTCUSD) hit yesterday its 1D MA100 (green trend-line) for the second time in 6 days and is reacting on a bullish note early today following basically 4 straight flat 1D candles. We mentioned the importance of the 1D MA100 as a Bull Cycle demand level on previous analyses. What we didn't discuss though is how BTC behaved the last time we had a 1D MA100 double test on such short time-frame. As you can see, the last time Bitcoin had a 1D MA100 Double Test within a 1-week time-frame was on October 10 2024 and the one before that on May 08 2024. The common characteristics of both those fractals was that the 1D RSI held the 43.00 level (just like it's doing today) and the price rebounded to hit the respective Resistance Zone from the previous High. Channel Up patterns emerged on both occasions, the difference is that in May 2024 BTC got rejected on the Resistance Zone, while on October 2024 it broke to the upside aggressively following the U.S. elections. As a result, we can target at least $108k on the short-term. Since long-term Accumulation Phases like March - October 2024 only take place two times at most during each Cycle (and we've already had this twice already), we give more probabilities to an extended rally like November - December to a new All Time High. Long-term traders may seek to sell these positions when the 1D RSI approaches the 85.00 profit taking level (overbought). But what do you think? Is BTC starting a rally to at least $108000? Feel free to let us know in the comments section below! ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTO:BTCUSDLong
by TradingShot
9
Tricks around 102.4K targetMorning folks, So, our weekly bearish DRPO "Sell" pattern has been confirmed. It means that until market either complete its 81K target or remains under 102.5K its invalidation point - this pattern presents the risk for the bulls. With all this stuff on the table we make two decisions. First is - we cut potential upside target down to 102.4K area by two reasons. First - this is 0.618 expansion and it agrees with major 5/8 resistance level. Second - this is invalidation point of weekly DRPO "Sell" pattern. So, conclusion is follows. For long-term traders we suggest to not consider any new long positions until DRPO is valid. For short entry with DRPO - keep an eye on 102.5K area. For intraday traders we suggest that long position is still acceptable but with the new 102.4K target and very tight stop - just under 94K lows. Market has to start upside action now. If it will not happen, then it will not happen at all and weekly DRPO will start working. I mark this setup as "Bullish" because of 102.4 target. But, in general we have bearish view until DRPO stands in place.
COINBASE:BTCUSDLong
by Sive-Morten
VINE/USDT IS THIS THE LONG WAITING BREAK TO $0,50 Whales enterPreviously, we tracked Vine's journey from a lower price point to its peak target of over $0.30. Now, Vine is presenting a new opportunity, with a strong potential to aim for $0.50 in the near future. If this is the bottom as it looks, then there is a high chance this coin could explode to $0,50 in the coming time. The increased volume will go faster after $0,15 We will closely monitor Vine's progress step by step as it continues its upward trajectory. If there is a launch coming at X, this could be 1 volume shot target. (Elon should know more than we know. As always, remember to manage your risk effectively, as this update is for informational purposes only and does not constitute trading advice.
Long
by SatochiTrader
4
ATCryptoScan: BTCUSD About time to downThe recent price action stalled flattish with 4 days of doji... but overall, these doji have long upper tails. This means that with every attempt intraday to rise, eventually it is smacked down. Hence, selling pressure not tremendous, but enough to keep it in place. MACD though a slightly lagging indicator, has already heads up that the daily chart of BTCUSD is in bear territory. Just need price to follow and complete the picture. The window is opened for the revised target of mid-Feb 2025 accumulation at about 88,000. Watch the weeks to come...
BITSTAMP:BTCUSDShort
by Auguraltrader
TradeCityPro | VETUSDT Volatile Week Begins👋 Welcome to TradeCityPro Channel! As the global market opens, let's analyze VETUSDT and prepare for the upcoming trading week. 🌐 Overview Bitcoin Before diving into VET, let's check Bitcoin’s 1-hour timeframe. The market was expectedly quiet on Saturday, given the lack of trading activity. My plan remains the same: If $95,747 breaks, I will open a short position. If Bitcoin dominance is rising at the time of the breakdown, I will short both BTC and an altcoin that is weak against Bitcoin since it has a higher chance of dropping. 📊 Weekly Timeframe VET is one of the older altcoins in the market, and its current situation is relatively better than many others. After breaking $0.03147, it had a sharp bullish move up to $0.06672, but it's now in a correction phase and has settled back on the $0.03147 support. A positive sign is that VET has formed a higher low in 2024 compared to 2023, which suggests potential strength. For a spot entry, we need to see a new structure forming, and my current buy trigger is a break above $0.06622. Until then, I see no buying opportunity. For selling, if we drop below $0.01470, it's best to exit and go to cash. 📈 Daily Timeframe On the daily chart, VET initially broke above the $0.02679 range high and rallied sharply to $0.06828. However, we saw a fake breakout, leading to a heavy rejection and correction. During this drop, a midway range (box) between $0.04214 - $0.05288 formed. Buyers tried but failed to break above the box, resulting in another fake breakout, increasing the likelihood of breaking the range low. After another rejection from the mid-range, $0.04214 (our spot exit trigger) was broken, leading to a sharp decline. The RSI is now oversold, indicating a potential slowdown before further downside into the previous daily range. ⏱ 4-Hour Timeframe On the 4-hour chart, we have formed a key level that is currently breaking down, creating a short opportunity. 📈 Short Position Trigger we can place a stop-sell order with the current 4-hour candle as confirmation. I have already entered a short trade on the previous level breakdown and will re-enter with lower risk on this one. 📉 Long Position Trigger there is no buy trigger yet. Even if VET pumps 20% suddenly, I won’t regret missing it because momentum will bring better opportunities for long entries later. 📝 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! ❤️
Short
by tradecitypro
4
RARE ANALYSIS📊 #RARE Analysis : Update ✅As we said earlier, #RARE performed same. Around 300+% move done in #RARE. Same technical analysis here.🧐 Here we can see the price is around its major support zone. 2 times bullish move from the same support point. 👀Current Price:  $0.0690 🚀 Target Price:    $0.01390 ⚡️What to do ? 👀Keep an eye on #RARE price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #RARE  #Cryptocurrency  #TechnicalAnalysis  #DYOR
Long
by ZEUS_Market_Alerts
TradeCityPro | Deep Search: In-Depth Of AAVE👋 Welcome to TradeCity Pro! In this analysis, I will thoroughly examine the AAVE coin. The project information is provided in full, followed by a technical analysis at the end. What is Aave❓ ▪️Aave is a decentralized lending protocol that allows users to deposit crypto assets to earn interest and borrow against their crypto collateral. It operates on lending pools, providing instant access to liquidity. Aave is known for stable interest rates, flash loans (collateral-free loans for a single transaction), and being one of DeFi’s largest lending protocols, with over $5 billion locked in total value. 🗾 Protocol Architecture: ▪️Aave's ecosystem is built on smart contracts that manage deposits, loans, and interest rates. The key components include: 1) Lending Pool Core: Manages asset storage and reserve states. 2) Lending Pool Data Provider: Calculates user balances and lending metrics. 3) Lending Pool: Enables deposit, redemption, borrowing, repayment, and liquidation. 4) Lending Pool Configurator: Allows governance to modify protocol parameters. 5) Interest Rate Strategy: Adjusts interest rates dynamically based on pool utilization. 6) Governance: Users can vote on protocol updates using the AAVE token. 🔑 Key Features and Functionality: ▪️Lending Pools: Users deposit assets into pools and receive aTokens, which accrue interest over time. ▪️Borrowing: Users must provide collateral exceeding the borrowed amount, ensuring protocol security. ▪️Interest Rates: Variable rates fluctuate based on market liquidity. stable rates provide consistency but can be adjusted under extreme conditions. ▪️Health Factor & Liquidation: A health factor below 1 triggers liquidation, ensuring the system's stability. ▪️Flash Loans: Uncollateralized loans that must be repaid within a single transaction, offering arbitrage and refinancing opportunities. 🪙 Tokenization & Revenue Model: ▪️aTokens: Earn interest automatically, reflecting deposits. ▪️AAVE Token: ◽️Governance participation and voting rights. ◽️Fee discounts for users using AAVE. ◽️Staking in the Safety Module for additional rewards. 📊Revenue Sources: ◽️Flash loan fees. ◽️Borrowing interest payments. ◽️Protocol fees used for reserves and development. 🔧 Security and Stability Mechanisms: ▪️Loan-to-Value (LTV): Determines borrowing capacity based on collateral. ▪️Liquidation Thresholds: Prevents undercollateralized loans from destabilizing the system. ▪️Rebalancing Mechanism: Adjusts stable interest rates to maintain equilibrium. 🎯 Roadmap and Future Developments: ▪️Governance Evolution: Further decentralization through Aave Improvement Proposals (AIPs). ▪️Aave V3: Enhancing risk management and capital efficiency. ▪️Multi-Chain Expansion: Reducing transaction costs and increasing accessibility. ▪️Institutional Adoption: Aave Arc for regulated entities. ▪️New Lending Markets: Expanding supported assets and features. What is GHO❓ ▪️GHO is a decentralised, overcollateralised stablecoin that is fully backed, transparent, and native to the Aave Protocol. ▪️Unlike many stablecoins, the oracle price for GHO is fixed. Decentralised stablecoins such as GHO are transparent and cannot be changed. Interest rates are defined by Aave DAO and repaid interest is redirected to the DAO instead of the asset suppliers. Discounts are available to borrowers staking AAVE in the Safety Module. 💰Fundrasing: $49.30 M 💵 Some of its major investors: ▪️Standard Crypto ▪️Blockchain.com Ventures ▪️Framework Ventures ▪️Blockchain Capital ▪️DTC Capital ▪️Defiance Capital ▪️ParaFi Capital ◽️The staking platforms of AAVE: ▪️aave.com ▪️Defiserver ▪️Stakingcrypto.io ◽️The Lp platforms of AAVE: ▪️Balancer ▪️Pancakeswap ▪️Uniswap ▪️Defiserver ▪️KyberSwap ▪️HoneySwap ▪️SquadSwap 👥The Team: ▪️Aave was created by the team behind ETHLend, led by CEO Stani Kulechov. The team transitioned from peer-to-peer lending to the pool-based system, which has contributed to Aave's success. It has a strong commitment to decentralization, having moved to community governance. 📈 TVL and Staking: ▪️Aave Protocol's TVL Sees Significant Growth Since Late February 2024 The Total Value Locked (TVL) in the Aave protocol has experienced a sharp upward trend since late February 2024, reaching 7.65 million Ethereum. Additionally, the amount staked in 2024 has tripled, which could reduce the currency's inflation within the network and potentially lead to a long-term price increase 🔗 On-Chain Data Analysis of AAVE: ▪️From the perspective of the volume of coins in profit and loss, the $228 zone with 1.67 million AAVE coins in profit can be considered a support level. Additionally, the $257 zone with approximately 700,000 AAVE acts as a resistance level. However, the number of coins in profit remains higher. ▪️The size of large transactions increased as the price reached resistance zones, reflecting selling pressure from this group. However, at present, no significant changes in large transactions are observed. Moreover, active addresses remain neutral. ▪️On the other hand, we find that whales hold about 55.3% of AAVE tokens, which indicates that whale movements are of great importance. In this regard, examining the inflow of AAVE into large holders' wallets, we observe that they have been accumulating as the price declined. 📅 Weekly Timeframe In the weekly timeframe, not much has changed compared to the previous analysis. After the price reached the $371.48 support and was rejected from this area, the corrective phase continued until the Minor Support zone at $202.63. However, the bullish momentum in this coin was strong enough that the price only wicked down to this support and has now returned above this area. 🔍 The parabolic trendline still exists and could act as an important level in case of further corrections. Breaking this trendline would weaken bullish momentum, making the uptrend slower. ✔️ If the $371.48 resistance breaks, we can expect the price to move towards the ATH at $532.60. If the $543.60 resistance is also broken, I will update the analysis to determine potential new targets for AAVE. 🔽 On the bearish side, if the trendline breaks and a candle closes below $202.63, the market's bullish momentum will weaken, and the price could experience deeper corrections, potentially reaching $130.24 and $77.45. The primary support level is at $51.76, but for now, reaching this area seems unlikely. 📊 The candle volume has been increasing since the price started its bullish trend from $51.76, aligning with the uptrend. The RSI is also in a good position for an uptrend, with no visible divergence. As long as this oscillator stays above 50, the bullish momentum will remain intact. 📅 Daily Timeframe In this timeframe, we can observe price movements in more detail over the past few weeks. As you can see, after breaking below the $282.15 low, the price has corrected to the 0.5 – 0.618 Fibonacci retracement zone. ✨ Currently, it seems that the price is forming a base. If it can establish a strong support in this area, the next bullish leg will begin with greater momentum and strength. ⚡️ The candle volume is decreasing during the correction phase, indicating seller weakness. Since selling volume has not significantly increased, if buyers re-enter the market, the price could move upward. 🔼 If the price returns above $282.15, the bullish scenario will become more likely, and breaking $382.61 will confirm the next bullish leg. 📉 On the bearish side, if the correction continues and the price reaches the $194.97 support, a break of this support would confirm a trend reversal and shift the market to a bearish outlook. A break of RSI 30 would strongly support this bearish scenario. 📝 Final Thoughts 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
7
TradeCityPro | APTUSDT Reaching the Bottom of the Range👋 Welcome to the TradeCityPro channel! Let’s analyze APT, the so-called "Solana Killer", which was expected to replace Solana but is now hugging its support level. 🌐 Overview Bitcoin Before diving into APT, let's first check Bitcoin’s 1-hour timeframe. Currently, BTC is sitting on a strong support trigger, making it a good zone for potential positions. Setting alerts in this area is logical and necessary these days. If $95,747 breaks, I will personally look for a short position, provided there is an increase in volume, as it could lead to a test of the $92,701 support. If, at the same time, Bitcoin dominance is rising, I would also short an altcoin like Ethereum, which is relatively weaker against BTC. 🕵️‍♂️ Previous Analysis Earlier this year, we publicly shared a bearish scenario for APT. Once $7.51 broke, a sharp decline followed, and now there is a possibility of moving toward $4.89. 📊 Weekly Timeframe APT remains inside its large, volatile range, frequently bouncing between its highs and lows. However, this time, it has formed a lower high, which is not a positive sign. Additionally, after breaking $7.78, sellers completely engulfed the weekly candle, and for the past five weeks, all candles have been red with high selling volume, confirming the downtrend. There is no buy trigger at the moment, and I cannot recommend a buying opportunity until the market forms a new structure. For selling, if APT drops below $4.97, it makes sense to exit and accept the loss instead of holding onto a losing position. 📈 Daily Timeframe On the daily timeframe, APT failed to break the $14.61 resistance. Even worse, it couldn't even reach the previous high before getting rejected earlier, signaling weakness. After breaking below $8.46, the market entered an MWC (Market Weakness Confirmation) downtrend. Following the breakdown, a pullback retest occurred, and the daily candle engulfed the previous two days' candles, leading to further decline. Currently, APT is at $5.70, with RSI in the oversold zone, suggesting a possible short-term slowdown in selling pressure. I personally feel that APT’s drop is sufficient for now, and we might enter a range here before a final move toward the $4.95 support. However, this does not mean it’s a buy signal. We need to wait for a new market structure before considering spot entries. 📝 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! ❤️
by tradecitypro
6