The price is up and down between the box area. The bulls are accumulating more and more position, and I think it will go back to the resistance at 0.3168, and if the bull is strong, we might see a pump to 0.4135.
As BINANCE:ETHUSDT 2.0 merge is around the corner, most of the miners are forced to find other PoW coins such as ETC, Zcoin and also CFX. Due to the changing of Ethereum from PoW to PoS, those PoW coins will easily get pumped. And now, I would like to introduce a real Ethereum killer, Conflux. For your information, the TPS of CFX is around 6400, which is the...
CELR is quite weak if compared to other cryptocurrencies. This might due to the recent hijacked event on celer bridge. Short now to the next support line 0.1147.
The Cardano Vasil Hard Fork will be the next upgrade on the Cardano roadmap as it attempts to make the blockchain more robust and scalable, but the upgrade has once again been delayed, with its release date pushed back to September. There might be a last drop for ADA to the support line 0.4011, and then rebound to the previous high. Buy some before the news.
There is still a big room to fall for Solana. There has been a lot of negative news for Solana lately, such as fake TVL and the latest multi-million dollar hack of the Solana wallet in August caused its price action to weaken. For buy the dip buyers, you may pay attention at the price 26 and 22.
There are still many uncertainty in the market. Therefore I think the market will have a sudden plunge to the resistance line to wash away retail investors and start a new bear market rally. If the CPI data is still In line with expectations or bad than expectations (lower CPI means lower Inflation), then we might see a very strong rally for cryptocurrency market.
Since SHIB is one of the famous MEME coins, many retail investors tend to invest in it. So the whales behind it keep clearing those paper hands before driving up the price. When SHIB is pumping, its large green candle may ignore any resistance and keep pumping for a few days due to the hype. Therefore, SHIB's strategy would be to buy at every resistance line...
A few days ago, Ethereum started to drop significantly due to Powell's hawkish speech in Jackson Hole. It touched the support line of its 2018 ATH and then started to bounce back. However, there is still some resistance to ETH's flight. "Hope for the best, prepare for the worst", if those resistance lines (blue) are broken due to ETH consolidation, then when it...
