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PENGU Token Price Soars 41% Amid Bithumb ListingThe Pudgy Penguins ( CSECY:PENGU ) token has captured the crypto market’s attention, surging 41% in the last 24 hours following its listing on the major South Korean exchange, Bithumb. This strategic development is expected to propel the token's adoption within the Korean market and beyond. But can the rally continue? Let’s dive into the technical and fundamental aspects shaping CSECY:PENGU 's price trajectory. Bithumb Listing Sparks Market Excitement On December 24, Bithumb announced the addition of CSECY:PENGU to its KRW market, setting a base price of 43.89 KRW. This announcement caused an immediate 23% spike in the token’s price, highlighting the significance of the listing. With deposits and withdrawals exclusively supported through Solana's blockchain and Bithumb-approved exchanges, the platform ensures secure and seamless trading for users. The listing aligns with CSECY:PENGU ’s growing popularity, particularly in South Korea, a nation known for its active and influential crypto market. As one of the top exchanges in the region, Bithumb’s support positions CSECY:PENGU for increased visibility and trading activity, contributing to its bullish momentum. Market Metrics and Community Support The CSECY:PENGU token has consistently gained traction due to its vibrant community and strategic partnerships. With a market cap of $2.32 billion and a 24-hour trading volume of $1.21 billion, the token demonstrates strong investor confidence. Furthermore, CSECY:PENGU ’s Futures market activity reflects heightened interest, with $687 million in trading volume and $115 million in Open Interest. Binance’s previous endorsement of CSECY:PENGU further cements its credibility and appeal within the crypto ecosystem. Since its launch, CSECY:PENGU has surged over 700%, fueled by airdrop distributions and strategic exchange listings. Technical Analysis As of now, CSECY:PENGU is trading at $0.037, reflecting a 23% daily increase. The token is moving within a bullish flag pattern, a technical setup that typically signals the continuation of an upward trend. However, caution is warranted as the RSI at 80 indicates overbought conditions. In the event of a price correction, the 38.2% Fibonacci retracement level may act as immediate support. On the flip side, a breakout could push CSECY:PENGU towards its recent all-time high of $0.057, providing an attractive target for bullish traders. Future Outlook: Will the Rally Sustain? The Bithumb listing is a significant milestone for CSECY:PENGU , but sustaining the rally depends on broader market conditions and continued adoption. With the crypto community’s support and growing institutional interest, CSECY:PENGU is well-positioned for further growth. However, traders should monitor key technical indicators and macroeconomic factors, including the overall crypto market sentiment, to navigate potential price fluctuations. Conclusion CSECY:PENGU ’s recent price surge reflects the token’s increasing popularity and strategic milestones. While the bullish momentum remains intact, market participants should stay vigilant for potential corrections. With strong fundamentals and promising technical patterns, CSECY:PENGU is a token to watch in the coming weeks.
BINANCE:PENGUUSDT
by DEXWireNews
2
TradeCityPro | Blur : Dynamic Support Holding👋 Welcome to TradeCityPro! In this analysis, I will explore Blur, a gaming project, focusing on the daily timeframe to assess its current price action and potential scenarios. 📅 Daily Timeframe: Correction to Dynamic Support On the daily chart, Blur has been following an ascending trendline that acts as a dynamic support, propelling the price upward after every interaction. 🔍 Recently, the price experienced a fake breakout below this dynamic support, which was quickly followed by increased buying volume and a surge in bullish momentum. As a result, Blur managed to break through the $0.2827 and $0.3314 resistance levels, climbing as high as $0.4438. 🔽 Currently, the price has corrected in two stages and returned to the $0.2827 level, which aligns with the dynamic support. The RSI, after breaking below the 50-level, has supported this deeper correction. If the dynamic support fails to hold and the price trend shifts, the primary support will be at $0.1464. 📈 If the resistance at $0.4438 is breached, the first target is $0.5539, a notable resistance level. The main target is $0.8077, the ATH, which doubles as a critical supply zone due to its significance in price history. ✨ The RSI lacks a clear bullish trigger currently, as no new structure has formed. However, if RSI confirms a bullish momentum resurgence and trading volume increases, the chances of breaking through $0.4438 will significantly improve. 🔑 Market Sentiment and Advice The market is currently undergoing broad corrections, causing FOMO and uncertainty among traders. However, these pullbacks are natural and essential for sustaining the market’s broader uptrend. 💥 Here’s a reminder for effective trading during volatile times: Avoid impulsive decisions driven by fear or greed. Ensure risk and capital management is a priority. Proper management safeguards you from significant losses during corrections, preserving capital for long-term growth. 📝 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.
Long
by tradecitypro
28
The Road to $66 for STXUSDT (Stacks)$STXUSD has now beautifully broken out of the triangle after an impressive textbook correction at the 0.618 Fibonacci retracement. This type of correction is a typical feature of wave 2 in an Elliot wave count, which indicates that $STXUSDT is now ready to embark on its third impulsive wave, often referred to as the most explosive one. Considering the increasing volume, an explosive surge in the number of transactions on the network, and the oscillators, we can expect a swift development in the price towards the following resistance levels: — 0.57 — 1.06 — 2.85 — 5.96 — 8.16 — 13.17. #stxusdt #stxusd #BNS #DeFi #BitcoinNFTs #Stacks
Long
by joerivdpol
20
#AXSUSDT #1D (Bybit) Big falling wedge breakoutAxie Infinity regained 50MA support after a long downtrend, looks ready for mid-term recovery towards 200MA resistance. ⚡️⚡️ #AXS/USDT ⚡️⚡️ Exchanges: ByBit USDT Signal Type: Regular (Long) Leverage: Isolated (2.0X) Amount: 4.6% Current Price: 5.202 Entry Targets: 1) 4.854 Take-Profit Targets: 1) 6.947 Stop Targets: 1) 3.805 Published By: @Zblaba NYSE:AXS BYBIT:AXSUSDT.P #Axie #NFT #P2E axieinfinity.com Risk/Reward= 1:2.0 Expected Profit= +86.2% Possible Loss= -43.2% Estimated Gaintime= 1-2 months
Long
by TradingOn
2
TRX Surging: Sun’s $6.2M Banana Purchase Sparks Market BuzzJustin Sun Buys "Comedian" for $6.2M In a move that blends art, memes, and crypto culture, Justin Sun, the founder of TRON, has acquired Maurizio Cattelan’s iconic artwork, *Comedian*, at a Sotheby’s auction for $6.2 million. The infamous banana duct-taped to a wall has sparked debates in both the art and cryptocurrency communities. Sun described the artwork as a “cultural phenomenon” and plans to honor its quirky legacy by eating the banana 🍌 in the coming days. This purchase, according to Sun, symbolizes a bridge between traditional art and the digital revolution, showcasing TRON’s innovative spirit and cultural relevance. TRX: Riding the Momentum The news of this high-profile purchase appears to have given CRYPTOCAP:TRX a boost in the market. The token is up 2.76%, trading within a bullish channel. The technical indicators point to a strong upward momentum: - RSI: At 69, TRX is edging toward the overbought zone, signaling strong buying pressure. - Chart Pattern: A bullish engulfing pattern suggests continued upward movement. - Moving Averages: TRX is comfortably trading above key MAs, adding to the bullish sentiment. A Stable Anchor in Volatile Waters* Justin Sun’s strategic moves have helped CRYPTOCAP:TRX maintain stability amid market fluctuations. By aligning the token with headline-grabbing cultural events, Sun ensures TRON remains relevant and appealing to investors. As CRYPTOCAP:TRX continues to trade within a stabilized threshold, it seems poised to attract more attention from both crypto enthusiasts and art lovers. The innovative combination of art and blockchain could lead to more institutional interest in the token. Final Thoughts Whether it’s a $6.2M banana or blockchain innovation, Justin Sun knows how to keep the spotlight on TRON. With CRYPTOCAP:TRX maintaining a strong technical position and benefiting from renewed attention, the token could see further gains in the coming weeks. Will the banana become the spark for TRON’s next big rally? Stay tuned.
BINANCE:TRXUSD.PLong
by DEXWireNews
BTCUSD Rejecting Downward Trend @ $57k - Watch What Happens NextThis is a followup video to my earlier BTCUSD analysis - suggesting BTCUSD would find support near $57 and rally (eventually) to over $90k. I found it interesting that I received a few comments on that last video - some in support and others thinking I was wrong. But, now, with BTCUSD clearly attempting to reject any further downward price action near the $57k level - we get to see how this plays out in REALTIME. Watch this video to learn why I believe the big move for BTCUSD won't happen till after August 15, 2024 (a +$6k move). Then, we'll have to wait till later in September for the major FLAG pattern to complete - leading to an even bigger upward price breakout. I love this type of analysis and I love sharing it with everyone. Watch my other videos if you want to learn more about what I do and how I help traders prepare for the biggest opportunities. Watch this play out in realtime with BTCUSD. If I'm right, we'll see $62k again before August 20th, then move into a broader FLAG formation before the next big breakout happens. Go get some.
BITSTAMP:BTCUSDLong
by BradMatheny
2
Arweave (AR)Arweave is a decentralized storage network that seeks to offer a platform for the indefinite storage of data. Describing itself as a collectively owned hard drive that never forgets the Arweave network uses a native cryptocurrency AR, to pay miners to indefinitely store the network's information Meta is now using Arweave to permanently store digital collectables from Instagram which is a good news for AR holders Arweave price today is $16.6 with a 24 hour trading volume of 360 million dollars, AR price is up 60% in the last 24 hours too AR next targets are 17, 19 and 21
Long
by moonypto
8
GME (Gamestop) - The Markets Most Underestimated CompanyGamestop is NOT a brick & mortar store. Gamestop is a Tech company. Throughout history it has always been Gaming & Arts that have driven the adoption of new technologies and inspired new communities by pushing the boundaries of imagination. GameStop has cemented itself as a pioneer by becoming the first household name to embrace blockchain technology and explore the realms of Web3 Gaming, NFT's & Crypto. Web3, NFT's & Crypto empower creators & gamers allowing them to participate in the development of the metaverse where they can share & exchange their in-game assets. NFT's allow for verifiable ownership of in-game assets which opens doors for gamers to monetize the time they put into gaming and create markets for their in-game assets. ---- Lets use Call of Duty as an example. A game filled with all kinds of weapons & different levels of power & accuracy. Imagine if there was a gun that had 100% accuracy & 100% power from any distance. Now imagine if there was only 10 verifiable copies of this gun in the game. How much is this gun worth? Now lets assume a viral streamer like Ninja were to own a copy of this gun. How much is this gun worth now? Answer : A lot. --- GameStop is positioned at the front line of this movement and has sparked a massive wave of innovation encouraging companies & gamers to explore new possibilities that will transform the gaming industry and force other companies to adapt or be left behind. I repeat Gamestop is a Tech Company.
NYSE:GMELong
by xx1337
18
New high-potential play. Get in early?$BUBBLE just launched across Bybit, Gate.IO, HTX, MEXC and a bunch of other exchanges. Looking at it's litepaper: bubble.imaginaryones.com , it seems like a possible high-potential play for the next big gami-fi project, with already tons of credible Listed companies backing it and collaborating with it. A look at the charts: TGE: 14th May, 10:00 UTC. Price spiked to 0.06. - 1 hour after, price started to dip till 0.01 - A look at its open see saw that out of 8888 listed NFTs, 10% were not staked. As holders received token airdrops (101010 tokens per NFT), this TGE dip is expected from holders who are in to make a quick buck. - Post TGE, 90% NFTs remained staked - 15th May 02:00 UTC8, mini spike pushing the price up to form higher-lows, despite total market dip - By TA + Investors strength from $BUBBLE Litepaper, we should expect a gradually climb with market, follwed by a couple of pumps with their phased out partnership release over the next few months. *Do expect liquidity grabs from the minority pool of opportunist. Overall: Looking at potentially 2000% growth on investments to $0.2 by EOY, from the current $0.01
Long
by lesnermj
Sony Seeks Patent for Super-Fungible Gaming TokensSony's latest patent application shows how PlayStation could use blockchain gaming tech to let players own their unique assets. A recently published patent application from tech Giant Sony, the maker of PlayStation, detailed the concept of “super-fungible tokens” for games, which would be stored on a distributed ledger (DLT) and transferable from player to player. Many gamers have had experiences where they get really into a video game, spend a bunch of money on in-game skins or battle passes, and eventually get tired of the game. When this happens in traditional “Web2” games, players are forced to accept the money spent on in-game assets as a sunk cost, and move on. You typically can't sell those assets. But blockchain gaming changes all of that, and the recent patent application—filed in 2022 but just published to the public last week—from Sony ( NYSE:SONY ) about super-fungible tokens hints that the tech giant might want to get in on the shift. The patent application outlines a process of tracking a set of gaming assets associated with a player on an “electronic device” and generating metadata based on those assets. The metadata would then be used to create a super-fungible token—essentially a bundle of various NFTs—where the token is created by the storage of said metadata on a distributed ledger (DL) that is “associated with the gaming application.” The application implies that Sony ( NYSE:SONY ) is considering allowing NFTs in its games. While the patent does include the term “Distributed Ledger Technology,” (DLT) aka a blockchain, it does not specify whether or not it would be a private or public ledger. Sony ( NYSE:SONY ) does specify that the distributed ledger in question would be “associated with the gaming application,” which suggests that Sony may plan to launch its own chain for such an endeavor. However, whether or not Sony launches NFTs on a public blockchain like Ethereum or Solana, or on a private chain of its own making, NFT adoption from such a big player in the gaming industry would be a huge leap forward for blockchain enthusiasts. In practice, super-fungible tokens are essentially a bundle of unique in-game assets—such as skins, weapons, vehicles, etc. that are tokenized as NFTs—that can be used within video games. If Sony ( NYSE:SONY ) were to pursue using this patent, it would mean that one of the largest gaming companies in the world is potentially interested in allowing players to own their own in-game assets. At the end of the day, it’s up to Sony how much financialization it allows. If Sony ( NYSE:SONY ) chooses to pursue this framework on a private chain that it controls, then the gaming giant could impose all sorts of restrictions—but there’s no indication yet that Sony actually plans to roll out this functionality any time soon, if ever.
NYSE:SONYLong
by DEXWireNews
Enjin to 16k Satoshi by August 2022This is a fun chart that I actually made into an NFT on the Enjin chain. The idea is simple. As you can see, ENJ is trapped in a certain zone. The future direction depends on where it breaks off towards. If ENJ breaks above the descending curve, then my prediction is at least 16k Satoshi by August 2022. It could take one of two paths up there. On the other hand, if it fails in the near term and breaks the zone downwards, then it would follow the curve down back into January 2021 levels. You can view this chart here .
Long
by TechNerdOmar
11
Will SOLANA hit $300 in Next Bull Market ? #SOLANA Analysis #SOL/USDT is currently trading near the Weekly Resistance area. If it breaks, we could see it testing the Monthly Resistance level at $30-$33. After this, a retracement of 40-50% is expected, with the best entry point being at $14-$18. In the long term, the target for #SOL is set at $100/$200/$300. Don't miss out on the potential gains! #cryptotrading #investing Join us for more updates and analysis on #cryptocurrencies. Let's ride the crypto wave together!
Long
by CryptoPatel
10