BULLISH SUPRATechnically the price holded on support level when BTC dump last week and SUPRA make the pattern bullish penant.
Layer1
$ATOM (Cosmos) predictionWhat is NASDAQ:ATOM , and why am I interested in this technology?
They call themselves the "Internet of Blockchains," but in simpler terms, it's an SDK that makes it easier to create blockchains. So far, over 200 blockchains have been built using this SDK, including major players like CRYPTOCAP:INJ , LSE:TIA , and $FET.
### Why is this technology impressive?
- **Unmatched Reliability:** With over $100B worth of tokens running on its ecosystem without crashes or downtime, it’s a performance few can match, except for Ethereum.
- **Seamless Interoperability:** In a world where more and more Layer 1 blockchains are being created, NASDAQ:ATOM stands out for its ability to bridge blockchains, simplify staking, and enable smooth trading within its ecosystem—unlike blockchains that operate in isolation.
### Why hasn’t NASDAQ:ATOM performed well in 2024?
After massive pumps in 2021 and 2022, it’s still in a recovery phase. However, the bottom appears to be in, and the charts suggest it’s gearing up for a move upward.
I’ve marked a green box where I believe you can safely load up for a long position.
DYOR!
Weekend Crypto Pulse: $BTC at $95,415 & $ETH Leading DeFi – Top Good morning, champions! ☀️
While traditional markets take a breather, crypto keeps the grind alive. 🕒
CRYPTOCAP:BTC holds strong at $95,415, still defying gravity,
and CRYPTOCAP:ETH sits at $3,527, the DeFi heartbeat going strong.
Weekend movers:
📈 CRYPTOCAP:AVAX up 4.5%, turning heads in the Layer-1 race.
📈 CRYPTOCAP:SOL climbing 3.2%, showing resilience in its recovery arc.
Take a moment today: plan, prep, sip that coffee. 🛠️ Balance your charts with a bit of mindfulness—crypto’s a marathon, not a sprint.
What’s your strategy for today’s market movers? Any hidden gems on your radar? Let’s share some insights. 💡
TradeCityPro | ETH : Testing Key Levels with Volume Weakness👋 Welcome to TradeCityPro!
In this analysis, I’ll review Ethereum (ETH) across the daily and 4-hour timeframes. For a deeper perspective and additional timeframes, you can check my previous analysis linked in the Related Publications section.
📅 Daily Timeframe: Retesting the 4029 Zone
On the daily timeframe, ETH is respecting a weekly ascending trendline that has shown significant reactions. In the Accumulation Zone between 2199 and 2760, the price responded three times, leading to a breakout and a strong upward movement toward the 3547 resistance.
🚀 The 3547 resistance initially seemed strong, but given the market’s high momentum, it was broken on the first attempt, allowing the price to test the critical 4029 resistance.
✅ The 4029 level is extremely significant, as a breakout here could initiate Ethereum’s primary bullish trend, with the next target being the ATH resistance at 4833. Higher targets were detailed in my previous analysis, accessible in the Related Publications.
🔍 However, 4029 is also a major supply zone, where many long-term ETH holders might take profits, increasing the likelihood of a correction. ETH already retraced once to 3547, which now acts as a minor support. In case of a deeper pullback, the price could revisit the Support Zone marked on the chart.
🧩 Signs of a possible correction include the RSI breaking below 50, decreasing buying volume, and increasing selling pressure.
📉 If the Support Zone fails, the bullish momentum will temporarily fade, invalidating the current uptrend. In this case, the weekly ascending trendline becomes the first key support, followed by 2199, a critical demand zone and the “last line of defense” for ETH.
⏳ 4-Hour Timeframe: Moving in an Ascending Channel with Declining Volume
On the 4-hour timeframe, ETH is moving within an ascending channel, which is clearly visible across many charts. Currently, the price is interacting with the midline of this channel.
🔽 Following the first test of the 4059 resistance, market volume has been decreasing, and ETH has been ranging between 3547 and 4059. Additionally, the RSI is showing a bearish divergence, with a trigger confirmation if the RSI drops below 50.
🔑 These signs of trend weakness could lead to a correction or even a potential trend reversal. However, it’s important to note that in High Wave Cycles (HWC), it’s natural to see temporary weaknesses in the Low Wave Cycle (LWC) or Medium Wave Cycle (MWC), as the overall trend remains bullish.
✨ Given this context, I still view ETH’s trend as bullish. While the 4-hour timeframe shows slight weakness, this hasn’t significantly impacted the broader market momentum. A breakout above 4059 would validate a long position.
💥 On the downside, if a correction occurs, the support zones highlighted in the daily timeframe remain key areas for potential reversals. If the correction is shallow, the channel’s lower boundary will act as a strong support.
📝 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! ❤️ above.
TradeCityPro | FTM : Evaluating Parabolic Trends👋 Welcome to TradeCityPro!
In this analysis, I’ll review another coin from our weekly watchlist, FTM (Fantom). Previously, I analyzed this coin, highlighting the breakout trigger at 0.8401. If you entered a position or bought in the spot market, you likely secured solid profits. Let’s re-evaluate this coin with fresh insights, analyzing it on the daily and 4-hour timeframes.
📅 Daily Timeframe: Weekly Resistance Break with Trend Weakness
On the daily timeframe, FTM is exhibiting a parabolic trend accompanied by a curved ascending trendline. So far, the price has reacted to this trendline three times, each time resuming its upward movement and ending corrections.
📈 In the last leg of the uptrend, after breaking the 0.7707 resistance, the price surged to the weekly resistance zone at 1.1116. The price even stabilized above this level; however, the trend is not in an ideal state.
🔍 Following the breakout of 1.1116, candle sizes have gradually shrunk, corrections have deepened, and volume has been declining. Additionally, the RSI is showing signs of a divergence that hasn’t yet materialized but could influence the chart upon a breakdown below 55.74 on the RSI.
🔑 A notable aspect of sharp trends and pre-pump movements is their inherent trend weakness and potential for reversals. Interestingly, when trend weakness peaks, the trend often resumes sharply with large candles, nullifying all indicators of weakness and aligning them to support the trend.
🔼 If the trend continues, the first resistance level, a minor resistance, is at 1.6218. If the price stabilizes above this zone, the next resistance lies at 3.2506, the strongest resistance for FTM. This zone is near the ATH and represents a major supply area.
📉 In case of a correction, the first immediate support is the curved trendline, which the price may react to. If this trendline breaks, the next levels are 1.1116 and 0.7707. A stabilization below 0.7707 would invalidate the bullish scenario, and the price could target supports at 0.5349 and possibly 0.2928.
⏳ 4-Hour Timeframe: Moving Within an Ascending Channel
On the 4-hour timeframe, the price is moving within an ascending channel and is currently interacting with the channel's midline. So far, the channel's bottom has provided strong support. As long as the price remains within this channel, no sharp movements are expected.
🚀 If the channel breaks upward, two scenarios may occur:
Trend Exhaustion: The price could re-enter the channel, leading to a loss of bullish momentum and increasing the likelihood of breaking the channel downward.
Parabolic Continuation: The price could break the channel with high momentum and large candles, initiating a new parabolic uptrend.
The next static resistance is at 1.636, a suitable futures trigger level. However, the price has not reacted to this zone yet, so it’s safer to seek long positions based on Dow Theory and channel breakouts.
🔽 For short positions, I would personally wait for a channel breakdown and possibly a break below 1.0957, although this would be a high-risk setup. Instead, I prefer to wait for a clear trend reversal on the High Wave Cycle or Medium Wave Cycle before entering.
📝 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! ❤️ above.
$TLOS Weekly - Fastest, Cheapest & Reliable Web3 ProductTelos released EVM 2.0 Upgrade
See below:
We are pleased to announce that as of November 20, 2024, Telos EVM version 2.0 has been successfully deployed to production. It is now accessible at:
Mainnet: rpc . telos . net
Testnet: rpc . testnet . telos . net
Key Features and Technical Considerations
This significant upgrade brings our network closer to feature parity with Ethereum while reducing the install footprint. However, there are a few technical considerations to note:
EIP-1559 Support
The fee market change introduced in the London hard fork (EIP-1559) is still under development and not yet supported.
Long-Running Operations
Long-running multicall (eth_call) read-only operations will no longer time out.
Long-running transactions, however, remain constrained and should be batched.
Solidity Version Limitations
No new changes to Solidity version compatibility. Version 0.8.23 is fully supported, and 0.8.24 is partially supported. See more details here.
Transitioning to Version 2.0
To modernize our infrastructure, we will discontinue support for EVM versions 1.0 and 1.5 in phases. Partners should prepare for this transition to avoid disruption.
Block Hash Calculation Changes
Version 2.0 introduces a new block hash calculation methodology:
Partners not relying on block hashes can migrate seamlessly.
For those dependent on block hashes (e.g., exchanges, indexers, subgraphs), re-indexing the chain may be required.
Note: Transaction hashes remain unchanged.
Rate-Limiting for Legacy Versions
Effective January 6, 2025, we will begin rate-limiting all Telos hosted 1.x RPC infrastructure:
Initial limits: 50 requests per second
Further reductions will follow to encourage migration to version 2.0.
Deprecated RPC Endpoints
The following Mainnet RPC endpoints will soon no longer be supported:
mainnet. telos. net/evm
mainnet15. telos. net/evm
mainnet-us. telos. net/evm
mainnet-eu. telos. net/evm
mainnet-asia. telos .net/evm
Resources for Node Operators
If you are interested in running your own Telos EVM node, detailed resources are available:
Installer Script and Documentation: GitHub Repository
Support: Telos Developer Community
Next Steps
We strongly encourage all partners to begin migrating to Telos EVM 2.0 as soon as possible to take advantage of its enhanced capabilities and ensure uninterrupted service.
Best regards,
Telos Core Developers
I'll continue as $TRIAS hodl!
$TRIAS, which experienced a major decline after the Kucoin accident, soon showed great strength with the based moves of the team and rose almost 400%, proving once again that it is a layer1 project with solid foundations.
#TRIAS major support and resistance are available on the chart and I also do not plan to sell in the medium term.
Zilliqa (ZIL)🔢 ZIL Analysis
🔹 Overall Status: The ZIL coin, after experiencing a downtrend within a descending channel, has now reached the channel's upper boundary. The PRZ zone (green zone), weekly resistance, and the upper boundary of the descending channel have acted as strong resistance, halting further upward movement. Currently, the coin is moving downward.
🔹 Support and Resistance Analysis:
1️⃣ Support Levels:
Initial Support: Fibonacci level 0.382, which could prevent further price decline.
Additional Supports: If the 0.382 level is broken, Fibonacci levels 0.5 and 0.618 will serve as subsequent support zones.
2️⃣ Resistance Zone:
PRZ Zone: Strong trading volume in this area indicates the potential for breaking this resistance.
🔹 Price Movement Predictions:
Bullish Scenario (if PRZ is broken):
The price could move toward the blue zones, overlapping with Fibonacci levels 1.618, 2.618, and 3.618.
High trading volume in this scenario would reinforce the validity of the movement.
Bearish Scenario (if the correction continues):
The upward wave that started from the bottom of the descending channel has now reached the 0.382 Fibonacci level.
If this level fails to hold, the price correction may extend to the 0.5 and 0.618 Fibonacci support levels.
🔹 RSI and Entry Signals:
Monitoring RSI behavior on daily and weekly timeframes is essential.
RSI entering the Overbuy zone could serve as a positive signal for further upward movement.
The midline of the ascending RSI channel may act as significant support.
✅ Conclusion and Recommendations:
1️⃣ Key Support and Resistance Levels:
Supports: Fibonacci levels 0.382, 0.5, and 0.618.
Resistance: PRZ zone and blue zones (Fibonacci targets).
2️⃣ Entry Strategies:
Enter incrementally after a correction and near key support levels.
Consider entry after breaking the PRZ zone and confirming price stability above it.
3️⃣ Risk Management:
Monitor trading volume near support and resistance levels to confirm price movements.
Track RSI behavior to gauge the strength of the trend.
💡 Don’t forget to manage your capital wisely and pay close attention to price action near critical levels.
XECUSDT Analysis | Layer-1 digital cash networkThe price is approaching key support levels:
1. **0.236 Fibonacci Level (~$0.0366)**: This level may act as immediate support.
2. **200-day MA (~$0.033)**: Positioned just below, providing additional dynamic support if the 0.236 Fib level breaks.
Oscillator Analysis:
- **RSI**: At ~38, indicating bearish momentum and approaching oversold conditions, which could lead to a potential bounce.
- **MACD**: Bearish crossover with a deepening negative histogram, signaling ongoing selling pressure.
- **OBV**: Trending lower, reflecting a decline in accumulation and increased distribution.
Volume Analysis:
Volume bars show a slight increase during the recent downside move, confirming bearish momentum. Watch for a reduction in selling volume near the support levels, which could indicate stabilization or a reversal.
Outlook:
If the **0.236 Fib level** holds, it could act as a springboard for a bounce. However, if broken, the **200-day MA** becomes the critical support to watch. Keep an eye on oscillators for potential oversold signals and volume trends for signs of buyer interest.
AVALANCHE — 2024-5Avalanche is a blockchain ( CRYPTOCAP:AVAX ) platform that offers tools and features that allow users to launch DeFi decentralized applications. The platform also has a suite of tools for creating financial assets and enables trading and the building of enterprise-scale financial solutions.
Etna: Enhancing the Sovereignty of Avalanche L1 Networks
A release for the latest upgrade to the Avalanche Network, dubbed the “Etna” upgrade, was published for activation on Avalanche Mainnet scheduled for 12 PM ET (5 PM UTC), December 16, 2024 . This proposed upgrade consists of Avalanche Community Proposals (ACPs) Reinventing Subnets, Add Dynamic Fees to the P-Chain, Warp Signature Interface Standard, Reduce C-Chain minimum base fee from 25 nAVAX to 1 nAVAX, Activate Cancun EIPs on C-Chain and Subnet-EVM chains, and Use current block P-Chain height as context for state verification. The pre-released code version was successfully activated on the Fuji Test Network at 11 AM ET (4 PM UTC), November 25, 2024.
$AZERO$Azero is the L1 project with the lowest value in terms of potential!
#Azero 260-day falling trend breakout has been completed. I think a sharp upward rise wave will begin after the successful retest.
TradeCityPro | STX : A Healthy Uptrend with Promising Momentum👋 Welcome to TradeCity Pro!
In this analysis, I’ll review STX, the native token of the Stacks project, a prominent Layer 1 blockchain. The analysis focuses on the weekly timeframe.
⏳ Weekly Timeframe: A Healthy Uptrend
On the weekly chart, a strong uptrend has been in place since reaching the low of 0.201. Thus far, two bullish legs have propelled the price to 3.737, with the price currently testing the resistance at 2.471.
📊 Buying volume continues to increase, showing robust support for the ongoing trend with no signs of weakness. A visible ascending trendline has interacted with the price three times, further reinforcing the bullish momentum.
🔼 The 37.65 support level on the RSI is critical. As long as the RSI remains above this level, the probability of a bullish scenario outweighs the bearish one.
📈 If the price breaks above 3.737, it could move toward new all-time highs. In the event of such a breakout, I will update the analysis to include new targets.
🔽 Bearish Scenario
If the ascending trendline and the 1.264 support level are broken, the possibility of a trend reversal arises. In this case, the first major support level to watch would be 0.442.
📝 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! ❤️
NEAR/USDT: READY FOR BIG MOVE!!🌟 Hey everyone! 👋
If you’re finding value in this analysis, don’t forget to smash that 👍 and follow for more high-value trade setups! 💹
🔍 Technical Overview:
NEAR Protocol (NEAR) is showcasing strong bullish momentum! 🚀 It has broken out from a bull flag-like structure, with a successful retest confirming the breakout. The 100MA support is holding firm, signaling a potentially massive rally ahead. This could be the perfect time to accumulate some and add more on dips within the given range!
✅ Buy Zone: $6 - $7
🎯 Targets:
Target 1: $10
Target 2: $22
Target 3: $38
Target 4: $48
Target 5: $62
🛡️ Stop Loss (SL): $4.78
💡 Why NEAR Protocol?
NEAR Protocol is a next-gen Layer 1 blockchain designed for scalability, speed, and developer-friendly applications. It’s built on Nightshade sharding technology, enabling super-fast transactions and low costs.
Key fundamentals driving NEAR’s bullish potential:
1️⃣ Growing Ecosystem – NEAR is home to many dApps, DeFi projects, and NFT platforms.
2️⃣ Backed by Big Names – Supported by renowned investors like a16z and Pantera Capital.
3️⃣ Interoperability – Seamless cross-chain communication with Aurora (ETH compatibility).
4️⃣ Mass Adoption – Rapidly expanding user base and developer activity.
With these fundamentals aligning with strong technicals, NEAR is poised for an explosive rally!
💬 What’s your take on NEAR’s price action? Are you seeing the same breakout potential? Drop your thoughts and analysis in the comments below, and let’s profit together on this exciting trade! 🚀
TradeCityPro | ATOM : Momentum Shifts and Key Resistance Levels👋 Welcome toTradeCity Pro!
In this analysis, I will review the ATOM chart. Cosmos is a DeFi project on the Osmosis network and one of its main platforms.
⏳ Weekly Timeframe: Buying Volume Enters the Market
In the weekly timeframe, following multiple declines and significant bearish momentum, the price reached the support level at 3.789, where buying volume entered the market, resulting in a notable price recovery. The market's momentum in the low wave cycle is bullish, and no signs of weakness are observed in this timeframe.
🔼 After the price returned above the 6.552 level, the next resistance is at 8.799, which, so far, has acted as a barrier to further upward movement in the current weekly candle. If this resistance is broken, the next significant level is 15.492, a robust area that will be challenging for the price to surpass.
✨ If the RSI oscillator enter the overbought zone, it may introduce more bullish momentum and market FOMO, potentially driving a price pump.
⏳ Daily Timeframe: Beginning of a Correction?
On the daily timeframe, after substantial buying volume pushed the price to the resistance at 8.779, the volume has started to decline, and momentum has slightly weakened. However, further upward movement remains possible.
⚡️ The RSI oscillator found support near the 70 level and is re-entering the overbought zone. Simultaneously, the price is retesting the 8.799 resistance, and with renewed bullish momentum, this level might be broken.
🧩 On the other hand, the SMA99 has distanced significantly from the price, and given the price's tendency to revert to the mean, a correction is plausible. If buying volume fails to re-enter the market, the likelihood of a correction increases.
🔽 In case of a correction, the first support level is 6.552. If the 8.799 resistance is broken, the next targets will be 14.37 and 16.767.
📝 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! ❤️
ETHBTC Bottoming - Maybe? Hitting a few possible resistance points here, could ETH be finally bottoming against BTC? Only time will tell.
Some good capitulation but not heaps of volume.
Bullish divergence on RSI which is good.
But it could go lower, lets hope not but you can see the next support right there down lower
$AZERO UPDATE$AZERO up 80% after the bottom confirmation at $0.27 Fibonacci 1.618 level, but this is just the beginning for #Alephzero and the harshest movements have not yet occurred!
TradeCityPro | FTM : Preparing for a Potential Rally👋 Welcome to TradeCity Pro!
In this analysis, I will be reviewing the FTM chart. This project is a Layer 1 blockchain, which has recently gained significant attention and buying volume due to its new airdrop initiative.
📅 Weekly Timeframe: Preparing for Another Rally
In this timeframe, after several months of base formation around $0.1793, the price has now broken through $0.5535, with the next resistance at $1.0785. If the price successfully stabilizes above this resistance, the probability of reaching the ATH at $3.292 increases significantly.
📈 If the RSI oscillator breaks through 62.1, bullish momentum will enter the market, increasing the chances of breaking the resistance and pushing toward the ATH. However, the most crucial factor right now is volume. So far, the main buying volumes haven’t entered the market. Until this happens, the likelihood of breaking the resistance remains low.
📅 Daily Timeframe: Close to Breaking Resistance
On the daily timeframe, after breaking $0.5384, the price has pulled back toward this level and the SMA 99. It has now reached $0.8401, with a significant support level at $0.613.
🔼 The first long trigger in this timeframe is $0.8401, with a target of $1.1448 if this level is broken. However, as mentioned in the weekly analysis, volume remains low, and until larger volumes enter the market, the moves in the market cannot be deemed reliable.
🔍 If the price is rejected at $0.8401, it may pull back again toward the SMA 99 or even revisit $0.5384.
🔽 Currently, there isn’t a suitable short trigger in this timeframe. Personally, I will wait for lower highs and lower lows before considering short positions.
👑 FTM/BTC Analysis
On the daily timeframe for the FTM/BTC pair, there’s a long-term range between 0.00000676 and 0.00001129, with price once moving to the high at 0.00001794 and another time to the low at 0.00000541. Currently, the price is battling resistance at 0.00000817, which is within this range.
🚀 Breaking this resistance, coinciding with $0.8401 on the USD pair, would be a solid confirmation for entering spot buys or futures positions. The next resistances are at 0.00000991 and 0.00001129.
📝 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! ❤️
Best levels to accumulate more $AZEROI like to buy more projects with mega potential like #Alephzero as everyone continues to sell them!
Shitty fuds won't stop $Trias Now that the war of bots with the Kucoin (ST) tag and the subsequent shitty fuds that caused an indefinite period are over, the sharp rise wave should begin.
I'm bullish on Sei.. Modern layer 1..For the upcoming period i'm very bullish on SEI.
From what i've researched it's a very fast and modern layer 1.
I started to see high volumes on large and reliable exchanges like Binance, Upbit, Coinbase, Bybit etc.
I have indicated the possible targets in the chart.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
ADA Beautiful Range. Lower First!?Currently rejecting from the local POC. IMO it would make sense to test the untested daily level, VAL, GP below before attempting to move higher into September highs, untested monthly level and channel highs. #Cardano
Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade.
Every day the charts provide new information. You have to adjust or get REKT.
Love it or hate it, hit that thumbs up and share your thoughts below!
This is not financial advice. This is for educational purposes only.
Scroll Governance Token ($SCR) Debut at $212 Million Market CapScroll, a prominent Layer-2 scaling network for Ethereum, recently launched its highly anticipated native governance token, $SCR. The token debuted with a market capitalization of $212 million, pricing at around $1.40 before facing a downward trend to its current value of $1.10, reflecting the challenges faced in its initial release. With a fully diluted valuation (FDV) of $1.1 billion, Scroll is positioning TSX:SCR as a key component of its governance and utility framework as the network progresses towards full decentralization.
However, the token's journey has been far from smooth, plagued by negative sentiment and user concerns over token allocation. Despite this, TSX:SCR 's long-term potential, coupled with its essential role in Scroll’s ecosystem, makes it an intriguing asset for traders and investors alike.
Overview
1. Market Cap & Circulating Supply
The TSX:SCR token launched with a market cap of $212 million and a circulating supply of 190 million tokens. While the token initially started trading at $1.40, it saw a swift correction to $1.10 within the first few hours. The correction, while expected in volatile market conditions, was partly driven by criticism over the token allocation process.
2. Airdrop Concerns & Team Transparency:
A significant factor that influenced early price movements was Scroll's decision to give Binance 5.5% of the total token supply for its Launchpool users. This allocation raised concerns among early adopters who felt the token distribution lacked fairness. Moreover, Scroll’s users voiced frustration over rumors that team members were eligible for airdrops, but these claims were swiftly refuted by core contributors.
Scroll ( TSX:SCR ) took a strong stance against these allegations, emphasizing that no co-founders or team members would receive any portion of the airdrop, aiming to restore trust among the community. Despite these efforts, the negative sentiment lingered as the token price experienced a notable decline of 20%, marking a rough start for $SCR.
3. Trading Volume & Liquidity
Despite its price slump, TSX:SCR saw impressive trading volume, with $189 million traded across all pairs on its first day. The token also accumulated over 500,000 transfers and more than 200,000 holders in just 24 hours, signifying strong market interest. Liquidity remains solid, with over $400,000 positioned within 2% of the spot price on Binance, indicating healthy participation and relatively low slippage for traders.
Technical Analysis:
From a technical perspective, TSX:SCR is currently experiencing a dip, down 12% from its initial trading price. The Relative Strength Index (RSI) sits at 43, which places the token in a neutral territory. This suggests that while there’s some downward pressure, the selling momentum is not overwhelming, and the market could soon stabilize.
One notable pattern in the chart is the appearance of a gap-down formation, which often signals a short-term selling climax. This gap, if not filled quickly, could reverse and provide strong buying opportunities, especially as TSX:SCR approaches key support zones.
The recent price action has created the possibility of a bullish engulfing pattern, hinting at a potential trend reversal. The $1.10 to $1.36 range presents critical pivot points, and any surge beyond $1.36 could propel TSX:SCR toward retesting its previous highs, especially as the token gains more market traction.
In addition, the overall volume profile indicates substantial trading interest, with bullish investors likely stepping in once the selling pressure subsides. Historically, tokens like TSX:SCR tend to see increased demand as they integrate more utility features, and with Scroll’s plans to evolve TSX:SCR into a protocol utility token, the long-term outlook remains optimistic.
What Lies Ahead for Scroll and TSX:SCR ?
The future of TSX:SCR hinges on several key factors:
1. Decentralization & Governance: As Scroll becomes more decentralized, the demand for TSX:SCR as a governance token will likely increase. Its utility in voting on key proposals, network upgrades, and other governance-related activities will add more value over time.
2. Institutional Adoption: As the Scroll network matures, its Layer-2 scalability could attract institutional interest, especially as Ethereum continues to deal with congestion and high transaction fees. This could lead to higher demand for TSX:SCR as institutions seek governance influence within the ecosystem.
3. Technical Strength & Support: The $1.10 support level will be critical in the short term, and if Scroll can maintain or reclaim the $1.36 pivot, it could signal a trend reversal and trigger a rally towards its all-time highs (ATH). The bullish engulfing pattern suggests that buyers may soon regain control, especially if the volume spikes in the coming sessions.
4. Addressing Community Concerns: Lastly, Scroll’s transparency and responsiveness to community concerns will play a vital role in fostering long-term trust. By effectively managing token distribution and ensuring fairness, Scroll can rebuild investor confidence, which will ultimately be reflected in the TSX:SCR price action.
Conclusion
Despite the initial volatility and concerns surrounding its launch, TSX:SCR ’s long-term potential remains intact. The Scroll network’s focus on decentralization and its role in Layer-2 Ethereum scaling solutions could see TSX:SCR emerge as a valuable governance and utility token. While the token faces short-term selling pressure, its fundamental strength, combined with the technical outlook, suggests that the worst may soon be over. A bullish reversal looks likely as TSX:SCR approaches key support levels, and with continued development, Scroll and its native token are well-positioned for future growth.
Investors with a long-term horizon should watch for the $1.36 pivot as a potential entry point, while keeping an eye on market sentiment and upcoming developments within the Scroll ecosystem.
Chainlink Surges 4% on ANZ Collaboration Is $15 the Next Target?Chainlink ( BIST:LINK ), a pioneer in decentralized oracle networks, recently experienced a 4% price surge following a groundbreaking announcement of its collaboration with the Australia and New Zealand Banking Group (ANZ). Together, they aim to revolutionize private transactions for tokenized real-world assets (RWAs) using Chainlink's new CCIP Private Transactions. With the potential to reshape institutional adoption of blockchain, this partnership could be the catalyst for Chainlink's price to reach new heights, with analysts eyeing $15 as the next key target. Let’s dive into the fundamental and technical aspects driving BIST:LINK 's bullish outlook.
The ANZ Partnership and Private Transactions for RWAs
One of the major barriers to institutional blockchain adoption has been the lack of privacy in cross-chain transactions. Financial institutions require complete data confidentiality while interacting with both public and private blockchains to meet stringent regulatory demands, such as Europe’s GDPR (General Data Protection Regulation). Chainlink's latest innovation—CCIP Private Transactions—addresses these concerns, allowing institutions to securely conduct cross-chain transactions without exposing sensitive details.
ANZ Bank, one of the leading financial institutions in Australia and New Zealand, has taken the initiative to pilot Chainlink's privacy solution as part of Singapore’s Project Guardian—an initiative aimed at advancing tokenized RWAs. This move could pave the way for broader institutional blockchain adoption, solving a key privacy issue that has been holding back large-scale institutional use of blockchain technology.
In the words of Chainlink co-founder Sergey Nazarov:
> "The lack of adequate privacy has held back institutional use of blockchain technology. With CCIP Private Transactions, we expect to see more large-scale transactions and an increase in institutional blockchain adoption."
This new feature allows financial institutions like ANZ to maintain full privacy while conducting cross-chain transactions, potentially revolutionizing how RWAs are managed on blockchain platforms. With this powerful use case, Chainlink ( BIST:LINK ) stands at the forefront of enabling institutions to adopt blockchain on a large scale.
Chainlink’s Growing Ecosystem
Beyond private transactions, Chainlink ( BIST:LINK ) continues to strengthen its position in the blockchain space. Recently, the project integrated its Proof of Reserve feature across Solana and Ethereum mainnets to enhance security for wrapped Bitcoin tokens. Chainlink has also partnered with ZKsync and Coinbase’s Base network, pushing further into decentralized finance (DeFi) and cross-chain token transfers. The continued expansion of Chainlink’s ecosystem only adds to the bullish momentum.
Technical Analysis
At the time of writing, BIST:LINK is trading at a 4.53% increase, driven by strong bullish sentiment from the ANZ collaboration and new technological advancements. The Relative Strength Index (RSI) stands at 66, indicating a bullish trend. This is particularly significant as it suggests that BIST:LINK is moving out of its long consolidation phase and gearing up for further gains.
Looking at BIST:LINK 's price chart, the coin is emerging from a falling wedge pattern—a bullish technical formation that often signals a trend reversal and the potential for significant price movements. While the wedge isn’t particularly large, it’s still significant enough to push BIST:LINK towards the $15 mark, especially as we approach the Halloween season, a period historically favorable for altcoin performance.
Currently, BIST:LINK is trading within a bullish price channel, with immediate support found at $7.8. Should prices consolidate around this level, it could set the stage for a further breakout toward the $15 target.
Key Drivers for Chainlink’s Potential Surge to $15
1. Institutional Adoption
The partnership with ANZ and the introduction of CCIP Private Transactions could attract more financial institutions to adopt Chainlink’s privacy solution. Increased institutional adoption is likely to drive demand for BIST:LINK tokens, as they are essential for executing cross-chain transactions and utilizing Chainlink's decentralized oracles.
2. Tokenized Real-World Assets (RWAs)
With the ability to securely tokenize RWAs and conduct private cross-chain transactions, Chainlink has positioned itself at the forefront of a rapidly growing sector. As more institutions seek to tokenize assets such as real estate, bonds, and commodities, the demand for Chainlink’s technology and its native token, BIST:LINK , is expected to rise.
3. Broader Ecosystem Growth
Chainlink's partnerships with major blockchain platforms such as ZKsync and Coinbase’s Base add more utility to $LINK. These collaborations enhance Chainlink's role in cross-chain token transfers, decentralized finance (DeFi), and other blockchain applications, further cementing its dominance in the decentralized oracle space.
4. Bullish Market Sentiment
The overall bullish sentiment in the crypto market, coupled with BIST:LINK 's breakout from a falling wedge pattern, could drive prices higher in the short term. The combination of technical and fundamental factors makes $15 a realistic target for BIST:LINK in the short term.
Conclusion
Chainlink's ( BIST:LINK ) recent price surge following its collaboration with ANZ Bank for private transactions of tokenized RWAs marks a significant milestone for the project. With CCIP Private Transactions, Chainlink ( BIST:LINK ) addresses a key challenge in institutional blockchain adoption—privacy. As institutional use of blockchain technology grows, so too will the demand for Chainlink’s decentralized oracles and its native token.
