Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Bull and Bear Flags: How to Spot and Trade Them in Crypto
Main Takeaways Binance Futures products are restricted to certain countries and users. This content is not intended for users/countries to which restrictions apply. See our Terms of Use and Risk Warning. Identifying trends early while trading in digital assets allows users to plan and execute their trades effectively. Chart patterns are an essential tool many technical analysts utilize to try and anticipate future movements of digital asset prices. Bullish and bearish chart patterns can suggest whether a price trend will extend or reverse. Among these patterns, flags are quite popular in technical analysis as they can provide valuable insights into price trends and potential future movements. Flag patterns formed by lines and shapes drawn onto price charts can be useful in identifying forthcoming trends, breakouts, and reversals. This article explores two types of flag patterns – bull and bear flags – and provides insights into how traders can use them. What Are Bull and Bear Flags? Bullish and bearish flags are among the most popular continuation patterns, typically spotted when the current trend is likely to continue to prevail. Bull flags typically appear in an uptrend when the price trend is expected to continue upward. Bear flags are usually observed in a downtrend when the asset's price is anticipated to face further downside pressure. Each flag pattern consists of two main components: the pole and the flag. The pole represents a significant move higher or lower, depending on whether it is a bullish or bearish flag. Typically, a considerable surge in trading volume accompanies the creation of the flag pole. Following the formation of the flag pole is a consolidation phase. This looks similar to an ascending or descending parallel channel and creates the flag of the chart pattern. For bull flags, the pole precedes the flag, while for bear flags, the flag forms before the pole. Bull Flags vs Bear Flags: Key Differences Parameter Bull Flag Bear Flag Market Trend Forms in an uptrend, signaling continuation. Forms in a downtrend, signaling further decline. Price Movement Strong upward move (flagpole) followed by consolidation. Strong downward move (flagpole) followed by consolidation. Breakout Direction Upward: breaks above the flag's resistance line. Downward: breaks below the flag's support line. Entry Point When the price breaks above the upper flag boundary. When the price breaks below the lower flag boundary. Target Price Calculation Measure flagpole height and add it to breakout level. Measure flagpole height and subtract it from breakout level. Stop-Loss Placement Below the flag’s lower boundary (support line). Above the flag’s upper boundary (resistance line). Volume Sentiment Volume surges on breakout, indicating bullish momentum. Volume surges on breakdown, indicating bearish pressure. Retracement Level Typically 38.2% to 50% of the flagpole height. Typically 38.2% to 50% of the flagpole height. Confirmation Factors RSI near overbought territory but confirming uptrend. RSI near oversold territory but confirming downtrend. False Breakout Risks Weak breakout with low volume may signal trend reversal. Weak breakdown with low volume may signal reversal. How to Trade Bull Flag Pattern A flag pattern can be informative for anticipating potential breakout price points for entering and exiting trades. The chart pattern can also be used for estimating how far the price may rise or fall. The price action for both bull and bear flags usually mirrors the pole's distance after a breakout or sharp reversal. During the consolidation phase of a bullish trend, the price would form a rectangular shape with an upper boundary resistance line and a parallel lower boundary support line. Once the bull flag pattern is identified, traders locate the entry point. The breakout point is where the candle slices above the upper boundary of the flag, and this area serves as the entry point for buyers. The target for the bull flag is the pole height percentage rise added to the breakout point. To minimize potential losses, some traders may also place a stop-loss at the flag's base, the consolidation phase's lowest point. This will limit the potential losses if the price moves against the trade. Some traders can use the height of the flagpole to set a profit target. To determine the profit target, traders need to measure the flagpole height from the bottom of the pole to the top of the pole and then add it to the breakout price. How to Trade Bear Flag Pattern To determine the entry point for sellers in a bear flag pattern, the pole height is subtracted from the breakout price. This occurs when the asset price slices below the lower boundary of the flag. To limit potential losses, some traders may put a stop-loss at the swing high of the flag, which is the highest point of the consolidation phase in case the asset moves in the opposite direction. To calculate the pole height, traders need to subtract the lowest point of the pole from the highest point of the pole. The consolidation phase for both bull flags and bear flags should ideally not surpass 50% of the flag pole. A retracement phase greater than 50% may indicate that the trend does not have the required strength. Additionally, the retracement phase is typically around 38.2% from the swing high – the highest point of the pole. When looking to enter a short position, some traders wait for confirmation of the downtrend rather than simply placing an order after the price breaks below the flag's support line. This can help to avoid false signals and potential losses. A stop-loss order can be used to limit losses should the price start moving in the opposite direction. Typically, traders may place the stop-loss order above the resistance line of the flag. Example scenario Suppose you're trading ETH/USDC on the daily chart, and you notice a bear flag pattern forming. The flag's lower line is $2,500, and the upper line is $2,800. As a conservative trader, you decide to set your profit target using the distance between the flag's parallel trend lines. In this case, the difference between the two lines is $300, so you add this amount to the price at the breakout entry point, which is $2,400. Therefore, your price target is $2,700. To manage your risk, you may place a stop-loss order above the resistance line of the flag at, say, $2,900. If the price moves in the opposite direction, your stop-loss order will be triggered, limiting potential losses. Flags vs. Pennants It is common for traders to confuse flag patterns with pennants, another type of continuation pattern that suggests the trend will likely continue after consolidation. Like flags, pennants also include a flag pole. While flags have a rectangular consolidation phase, pennants form a triangular shape, with two converging lines creating the consolidation period. Avoiding False Signals From Flag Patterns Bull flags and bear flags can serve as valuable tools in technical analysis to determine target prices in trending markets. However, they do not guarantee the projected return, as false breakouts can occur. A false breakout happens when a crypto asset breaks through the critical boundary of the flag but then quickly retraces. Traders should first identify whether there is a consistent trend. This could be indicated by a bull flag appearing in a market with accelerating interest or a bear flag forming in a trend with weakening momentum. Volume is also crucial, as strong moves usually accompany a breakout. Note that traders often use indicators together. The Relative Strength Index (RSI) is commonly used with bull and bear flags to gauge how overbought or oversold a crypto asset is. Final Thoughts Mastering bull and bear flags can provide traders with a valuable edge in identifying potential breakout opportunities in trending markets. While these continuation patterns offer insights into price momentum and possible entry and exit points, they should not be used in isolation. Combining flag patterns with other indicators, such as trading volume and the Relative Strength Index (RSI), can help traders confirm trends and minimize the risk of false breakouts. As with all trading strategies, risk management remains crucial: setting stop-loss orders and maintaining disciplined position sizing can help mitigate losses. By understanding the nuances of these patterns and integrating them into a broader trading plan, users can navigate crypto markets with greater confidence. Further Reading Two Technical Indicators to Gauge Market Trends in Binance Futures How to Implement Market-Neutral Strategies with Binance Futures A Wyckoff Approach to Crypto Futures Risk Warning: Digital asset prices can be volatile. The value of your investment can go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions, and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning. Cryptocurrency derivative products may be restricted in certain jurisdictions or regions or to certain users in accordance with applicable legal and regulatory requirements. This content is intended only for those users who are permitted to access and receive the products and services referred to and are not intended for users to whom restrictions apply. You are responsible for informing yourself about and observing any restrictions and/or requirements imposed with respect to the access to and use of any products and services offered by or available through Binance in each country or region from which they are accessed by you or on your behalf. Binance reserves the right to change, modify or impose additional restrictions with respect to the access to and use of any products and/or services offered from time to time in its sole discretion at any time without notification.
North Carolina Proposes Bill for Bitcoin Investments in Public Funds Amid Growing Interest in Digital Assets
North Carolina has taken a significant step towards digital asset investment, proposing legislation that would allow public funds to be invested in Bitcoin exchange-traded products. This initiative reflects a growing trend among U.S. states to embrace cryptocurrency, as other states like Arizona and Utah are also progressing with similar legislations. “Investing in digital assets like Bitcoin not only has the potential to generate positive yields for our state investment fund but also positions North Carolina as a leader in technological adoption and innovation,” said North Carolina Speaker Destin Hall. North Carolina proposes law allowing investment in Bitcoin ETFs, aiming to diversify public funds and foster technological innovation in the state. North Carolina’s Digital Assets Investments Act: A New Era for Public Funds The introduction of the “NC Digital Assets Investments Act” (HB 92) signals a shift in how state treasurers can manage public funds. By permitting investments specifically in qualified digital assets, this bill aims to diversify investment portfolios while ensuring funds are directed towards high-market-cap assets. Currently, this limitation means that only Bitcoin exchange-traded products are eligible, given the proposed criteria requiring a minimum market capitalization of $750 billion over the past year. Key Provisions of the Bill and Its Implications One of the notable aspects of the bill is the 10% investment cap on any state fund’s balance at the time of investment. This rule aims to mitigate risks associated with the volatility of cryptocurrency markets. Furthermore, the focus on exchange-traded products aligns with common investment strategies that favor liquidity and regulatory compliance. Speaker Hall noted that aligning with President Trump’s vision for a national Bitcoin stockpile could bolster North Carolina’s strategic positioning in the evolving landscape of digital finance. The Wider Context: Growing Interest Across the U.S. North Carolina is not alone in its pursuit of crypto legislation. As of now, 19 states have proposed similar bills aimed at permitting investments in digital assets. States like Arizona and Utah are advancing their legislation, showcasing a collective momentum towards adopting cryptocurrencies within public finance frameworks. Meanwhile, North Dakota has taken a different stance by rejecting crypto-related investment legislation, highlighting the varied approaches among states. The Economic Rationale Behind Crypto Investments Legislators suggest that rising inflation and the devaluation of the U.S. dollar present compelling reasons to explore crypto investments, particularly through state funds dedicated to teachers’ pensions, insurance funds, and veterans’ benefits. Co-sponsor Mike Schietzelt emphasized that innovations in blockchain technology and decentralized finance are poised to shape future economic opportunities, urging the need for states to adapt to these changes. Such legislative efforts reflect a broader acceptance of digital currencies as worthy of institutional investment. Potential Challenges and Considerations While the bill’s intent is forward-thinking, there are inherent challenges associated with investing in volatile digital assets. The fluctuating nature of cryptocurrency values poses risks that require detailed analysis and prudent risk management to safeguard public funds. Furthermore, regulatory uncertainties surrounding digital assets may continue to shape investment strategies as states navigate this uncharted territory. Conclusion The proposed legislation by North Carolina is a pivotal move towards integrating cryptocurrencies into state investment portfolios. Should the bill pass, it may pave the way for other states to follow suit, potentially leading to a broader acceptance of digital assets in public finance. As the legislative landscape evolves, it will be crucial for stakeholders to engage in informed discussions about the risks and benefits associated with cryptocurrencies to ensure sustainable and responsible investment practices. In Case You Missed It: Bitcoin Indicates Potential Recovery Amid Dormant Coin Movement and MVRV Ratio Shifts
Ethereum Battleground: Will Retail Traders Overcome Whale Selling onslaught?
Key Points Ethereum has witnessed an increase in aggressive sell orders from large investors and buy orders from retail investors. The bid-ask spread analysis shows significant fluctuations across various exchanges. Ethereum has been experiencing unique market dynamics since December 2024. A pattern has emerged, marked by a surge in aggressive sell orders from large investors and a rise in buy orders from retail investors. A Tale of Two Forces Since late 2024, Ethereum has seen larger-than-usual aggressive sell orders, indicative of whale activity. Simultaneously, there has been a rise in aggressive buy orders, suggesting an increase in retail market participation. This could mean that whales are offloading their holdings, potentially for profit-taking or risk mitigation, while retail investors are driven by fear of missing out (FOMO). Driving Forces Behind Ethereum’s Movement The Fear and Greed Index and the Cumulative Volume Delta (CVD) chart reveal a clear negative CVD trend, indicating more selling pressure than buying. While the price could face downward pressure from the aggressive selling by whales, the neutral or slightly bullish sentiment from retail investors may prevent a sharp decline. This could potentially stabilize Ethereum’s price or lead to a slight recovery phase. The bid-ask spread analysis shows notable fluctuations across different exchanges. Wider spreads, typically indicative of lower liquidity or heightened volatility, are apparent during certain spikes in the data. The wider spread often leads to higher trading costs for retail investors, potentially discouraging further purchases and reinforcing the bearish tendencies created by whale sell-offs. The volatility chart highlights a downward trend since mid-2023, with occasional spikes in volatility. The decrease in volatility suggests a more stable market, but recent slight increases indicate growing market tension. Given the current market conditions, the Ethereum market seems set for a period of consolidation. The neutral reading from the Fear and Greed Index suggests that neither extreme fear nor euphoria dominates the market, which could lead to more cautious and balanced trading behavior. If the retail buying volume continues to rise, we might see Ethereum’s price stabilize or even experience a modest rally, counteracting the selling pressure. However, if whale selling continues without sufficient retail buying to match it, Ethereum’s price may face additional downward pressure, possibly leading to further declines. Ethereum’s price action remains influenced by divergent investor behaviors, as whale sell-offs clash with retail buy-ins. The market appears to be at a crossroads, with both sides asserting their influence on price dynamics. Tags: Ethereum (ETH)
Is Now the Best Time to Buy Bitcoin? Predicted Bottom Price at $96K Revealed!
Key Points TD Sequential signaled a buy for Bitcoin, predicting a potential market bottom and reversal. A dormant whale wallet withdrew 350 BTC from FalconX, indicating potential upward momentum. The TD Sequential indicator, known for its accurate prediction of Bitcoin’s peak on January 21st, 2025, recently issued a buy signal. This occurred on the daily timeframe when Bitcoin was trading around $96,214. The buy signal suggests a possible market bottom, presenting a potential investment opportunity. The signal following a decline implies the selling pressure might be reducing and a reversal could be on the horizon. Bitcoin’s Potential Market Movement However, if the buy signal doesn’t stimulate sustained buying pressure, Bitcoin could test lower support levels, possibly around the recent lows of $94,400. This scenario aligns with TD Sequential’s pattern of identifying crucial points. Instead of a rally, it could trigger further declines. Investors should therefore remain cautious, considering both the potential of a rebound towards higher levels, such as $100,000, and a continued downtrend if the signal doesn’t lead to tangible buying momentum. In a separate development, a dormant whale wallet withdrew 350 BTC, valued at $33.97 million, from FalconX at $97,053 per BTC. This substantial purchase by a major player could signal potential upward momentum. However, if the market sentiment doesn’t align with the whale’s buying strategy, it could potentially push prices down if others decide to cash out. Liquidity and On-Chain Risk Indicator Bitcoin is poised to test higher levels, especially around $98K, following a sweep of liquidity below $95K. Overcoming such zones can spark further buying interest, potentially pushing prices upwards. Conversely, if Bitcoin fails to breach the $98K liquidity zone, it might indicate insufficient buying pressure, possibly leading to another retracement. Lastly, the Total On-Chain Risk indicator suggested that Bitcoin’s peak might not have been reached yet. The metric currently shows levels that are not typical of a market top, implying a potential for a further rally. However, if the risk indicator begins to show values associated with previous market tops, it could signal that the current rally might be nearing its end. This situation would necessitate close monitoring of any shifts in on-chain activity that could precede a price correction. Tags: Bitcoin (BTC)
The Trump family's encrypted project WLFI has purchased over 800,000 MOVE coins in the past 45 minutes
In the past 45 minutes, the Trump family's encryption project WLFI has bought 803,069 MOVE coins at an average price of $0.585 each. In addition, WLFI also converted 913 ETH into stETH.
Trump family project WLFI spends $470,000 on MOVE in nearly 45 minutes and swaps 913 ETH for stETH
PANews, Feb. 10 -- Trump family crypto project World Liberty Financial (WLFI) has spent $470,000 in the last 45 minutes, buying 803,069 MOVE tokens at an average price of $0.585, according to Onchain Lens monitoring. In addition, they have converted 913 ETH to stETH.
Trump's crypto project WLFI increases holdings of MOVE
according to on-chain data, the Trump encrypted project WLFI has increased its holdings in Movement (MOVE).
Trump family crypto project WLFI has bought over 800,000 MOVE in the past 45 minutes
in the past 45 minutes, the Trump family's encrypted project WLFI has purchased 803,069 MOVE tokens at an average price of $0.585. In addition, WLFI has also converted 913 ETH to stETH.
Trump Family Crypto Project WLFI Spends 156,667 USDC to Buy 273,937 MOVEs Again
PANews, Feb. 10 -- Trump family crypto project World Liberty Financial (WLFI) has just spent 156,667 USDC to buy 273,937 MOVEs again, according to Lookonchain monitoring.
Top Token Unlocks of This Week: MOVE, APT, RENDER & More
Upcoming token unlocks could introduce significant volatility to the crypto market, as increased supply may influence price action and investor sentiment. Several cryptocurrencies, including MOVE, APT, RENDER, AXS, EIGEN, ENA, SAND, and STRK, are set to release a portion of their circulating supply in the coming days. This article explores the potential impact of these unlocks, by analyzing their key metrics and technical indicators MOVE At the time of publication, Movement has a price of $0.5604, a increase of 5.03% in the past day and 15.84% over the last week, according to CoinMarketCap. The coin has a 24-hour trading volume of $180.1M, an decrease of 3.24%, and a market value of $1.4B. MOVE is expected to unlock 50.00M MOVE (2.13% of Cir. supply) worth $30.11M on 9th February 2025. Source: TradingView The Relative Strength Index (RSI) stands at 36.11, which is near oversold territory and indicates a bearish trend. Furthermore, the Moving Average Convergence Divergence (MACD) line at -0.0626 is below the signal line at -0.0510, which represents a bearish momentum. However, the weakening histogram indicates the possibility of a bullish crossover once buying pressure increases. Related: Top 5 Privacy Coins: Dev & Price Pump Incoming? APT Aptos is trading at a price of $5.85 at press time and has a market capitalization of $3.35B. Over the last 24-hours, its price has surged by 5.27%, but the trading volume has dipped by 38.76%, reaching $182.15M. It has a circulation supply of 574.29M APT and a Fully-diluted value (FDV) of $6.65B. On February 10th, 2025, Aptos will release 1.97% of Cir. supply, which is 11.31M APT worth $66.50M. Source: TradingView Technical indicators like RSI and MACD suggest a bearish momentum for APT, with RSI being oversold with a value of 30.19 and the MACD trading below the signal line. RENDER At the time of writing, Render has a price of $4.34, a increase of 7.18% in the last day and a decline of 18.15% over the past week. It has a market cap of $2.24B and a volume of $52.28M. RENDER has a circulating supply of 517.71M RENDER and a FDV of $2.6B. About 0.10% of circulation supply, which is 492.13K RENDER and worth $1.99M will be released on 11th February 2025. Source: TradingView The RSI is at 31.24, which represents the coin is just above the oversold territory. Additionally, the MACD line is below the signal line indicating a bearish momentum, but the decreasing histogram suggets a potential for bullish crossover. AXS At press time, Axie Infinity has a price of $4.22 and a market cap of $669.77M. Its trading volume has declined by 23.84% to $25.67M and over the past seven days the coins price has dipped by 13.57%. On 11th February 2025, AXS will unlock 815.63k AXS (0.51% of Cir. supply) worth $3.26M. The RSI and MACD technical indicators suggest a bearish trend for the coin in short-term with RSI at 33.50 and MACD trading below the signal line. Source: TradingView EIGEN EigenLayer has a price of $1.68 at the time of writing and a trading volume of $75.91M, an decrease of 27.78% in the last 24 hours. The coin has a market cap of $423.15M and a circulation supply of 234.97M EIGEN. EIGEN is about to unlock 1.29M EIGEN, which corresponds to about 0.55% of circulation supply and worth $2.15M on 11th February 2025. Source: TradingView Technical indicators like RSI and MACD suggest bearish momentum for the coin in the short term. RSI with a value of 29.39 which is oversold and MACD in negative zone and trading below the signal line indicates a potential downtrend unless buying pressure increases. ENA Ethena is trading at a price of $0.5186 and a weekly decline of 23.25%, at press time. Its market cap has risen by 7.04% to $1.62B and volume dipped by 21.88% to $226.14M. ENA on 12th February 2025, will unlocks 7.93M ENA (0.25% of Cir.supply) worth $3.92M. The Relative Strength Index at 35.75 and Moving Average Convergence Divergence below the signal line and zero level points to a bearish trend in the near future. Source: TradingView SAND At the time of publication, Sandbox is at a price of $0.3919, a surge of 6.30% over the past day and a 17.82% in the last seven days. It trading volume has dropped by 42.06%, reaching $68.57M and has a market cap of $955.93M. Nearly, 205.59M SAND (8.41% of Cir. supply) worth $76.29M will be unlocked on 14th February 2025. Source: TradingView The MACD line is below the signal line, indicating bearish momentum, but the weakening histogram points to increased buying power, leading to a potential bullish crossover. The Relative Strength Index (RSI) is at 33.73, suggesting the coin is oversold. Related: Top 5 Real World Asset (RWA) Tokens Making Waves – Next Price Target? STRK Starknet is trading at a price of $0.2418 at the time of writing and has a market capitalization of $624.75M. The coin’s price has dipped by more than 23.94% in the last seven days and its trading volume has also declined to $30.45M. STRK has a circulating supply of 2.58B STRK and a FDV of $2.26B. On 15th February 2025, 2.48% of circulation supply, which is about 64.00M STRK and worth $14.55M will be unlocked. Source: TradingView Technical indicators like Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest bearish momentum for Starknet. RSI at 28.36 and MACD below the signal line both indicate a strong downtrend trend. Conclusion The upcoming token unlocks for various cryptocurrencies, including MOVE, APT, RENDER, AXS, EIGEN, ENA, SAND, and STRK, indicate potential short-term price volatility. Technical indicators such as RSI and MACD suggest that most of these assets are currently experiencing bearish momentum, with several being oversold. While this could signal continued downside pressure, the weakening histogram in some cases points to the possibility of bullish reversals if buying activity increases. Investors should closely monitor these developments and assess market conditions before making any trading decision. The post Top Token Unlocks of This Week: MOVE, APT, RENDER & More appeared first on Cryptotale.
Movement Co-Founder: Mainnet Progressing Smoothly, MOVE Being Distributed to Ecosystem Teams for Deployment
Rushi Manche, co-founder of Movement Labs, posted on X: "The mainnet progress is going smoothly: Infrastructure partners have joined and are wrapping up work. The mainnet MOVE is being distributed to ecosystem teams for deployment. We are preparing for the release. This month, the project will see significant progress." Earlier, at the end of January, Movement Network announced that its developer mainnet was now live, marking the start of Phase 2 of the Movement Network launch plan. Selected developers can now begin deploying core infrastructure and apps on Movement. It is reported that a few weeks after the developer mainnet launch, the Movement Network Foundation plans to roll out Phase 3: the public mainnet testnet.
Trending Cryptos of the Week: LUNA's Freefall, MOVE’s DeFi Shakeup, and OM's Institutional Play
The crypto market has been a mix of volatile shakeups and strategic expansions this week. LUNA continues its downward spiral, weighed down by investor distrust, while MOVE is making headlines with its Cornucopia liquidity campaign. OM, on the other hand, is riding the real-world asset (RWA) tokenization wave, securing high-profile partnerships that push it further into the institutional spotlight. XYO and STPT are making waves in AI and autonomous ecosystems, while SUI and ONDO are gaining traction with DeFi and TradFi integrations. Here’s how the most trending tokens of the week are shaping up. ONDO (ONDO) Price Change (7D): -7.16% Current Price: $1.33 News Ondo Finance launched Ondo Chain, a Layer-1 blockchain tailored for institutional-grade real-world asset (RWA) tokenization. The chain integrates permissioned validators to eliminate front-running, ensures compliance with financial regulations, and enables seamless connectivity between DeFi and TradFi. World Liberty Financial (WLFI), endorsed by Donald Trump, acquired 342,000 ONDO tokens, further validating institutional confidence in the asset. Forecast ONDO is in a consolidation phase, holding above $1.20 support with resistance at $1.50. If it breaks past $1.50, momentum could push it towards $1.75. However, a drop below $1.20 could signal further downside. RSI is hovering near neutral (50-55), suggesting a balanced market, but volume needs to pick up for a breakout. STP (STPT) Price Change (7D): +0.67% Current Price: $0.073 News STP rebranded to AWE Network following a 98% approval vote by the community. The Autonomous Worlds Engine (AWE) launched alongside a new Litepaper, introducing a modular framework for AI-driven, self-sustaining virtual ecosystems. Partnerships with Layer3, Coinbase Smart Wallet, and Base AI Hackathon have expanded STP’s ecosystem, boosting onchain gaming adoption with over 80,000 active users. Forecast STPT is recovering from a previous dip and testing the $0.080 resistance. If it breaks through, the next target is $0.085-$0.090. A rejection could see it retrace to $0.065 support. RSI is around 58, indicating mild bullish momentum, but a volume surge is required for sustained upside. UXLINK (UXLINK) Price Change (7D): -8.74% Current Price: $0.7098 News UXLINK secured multiple partnerships, including Clover.Space (a Web3 SocialFi platform), AEON Community (a Web3 payment protocol integrating UXLINK for real-world transactions in SE Asia), and SOON (a high-performance rollup stack for blockchain adoption). These collaborations aim to boost mass adoption of UXLINK ONE Chain, a decentralized social growth layer. Forecast UXLINK has faced heavy resistance at $0.78-$0.80 and is now consolidating around $0.70 support. A break below $0.68 could send it towards $0.60, while a rebound past $0.75 would trigger a push to $0.85. RSI at 45 indicates mild bearish sentiment, with lower volume confirming weaker buying interest. SUI (SUI) Price Change (7D): -24.11% Current Price: $2.96 News Sui gained traction with Grayscale's Sui Trust , reaching 10M wallets. The SuperVerse partnership is expected to boost GameFi adoption, while wBTC integration on SuiBridge enhances Bitcoin’s DeFi utility. Mysten Labs’ Sui SMS launch enables blockchain transactions via text messages, increasing accessibility for users. Forecast SUI has collapsed from $3.90 to $2.96, breaking below key support. The next crucial level is $2.75, which, if lost, could push it down to $2.50. Resistance sits at $3.20-$3.30. RSI is below 40, indicating oversold conditions, but without a strong catalyst, recovery may take time. XYO (XYO) Price Change (7D): +2.75% Current Price: $0.01872 News XYO surged 42% following the launch of XYO Layer One, a blockchain designed to support AI models, blockchain tools, and real-world asset (DePIN) management. The coin rallied 125% in December after Tesla collaboration rumors and could benefit from potential U.S. tax incentives for blockchain projects under the Trump administration. Forecast XYO is ranging between $0.018 and $0.020 after a strong breakout. A move above $0.0215 could trigger a run to $0.025, while failure to hold $0.018 could result in a retest of $0.015 support. RSI at 55-60 suggests mild bullish momentum, but sustained volume is needed for another leg up. Terra (LUNA) Price Change (7D): -20.21% Current Price: $0.2493 News Terra ’s upcoming network upgrade and hard fork was set for February 4, 2025, aimed at fixing discrepancies in the Axelar Bridge Account by burning mismatched assets. However, LUNA has hit new all-time lows, primarily due to investor skepticism following Do Kwon’s legal troubles in the U.S. regarding the $40 billion Terra collapse. Forecast LUNA is in a strong downtrend, failing to hold $0.30 resistance and now testing $0.24 support. If this breaks, a drop to $0.20-$0.18 is likely. A reversal would require breaking $0.28-$0.30. RSI is below 35, showing bearish momentum, with weak buying pressure. Movement (MOVE) Price Change (7D): -25.70% Current Price: $0.5379 News Movement Network launched Cornucopia , a year-long liquidity-bootstrapping campaign for its DeFi ecosystem. The first vaults opened this week, allowing deposits in MOVE, BTC, ETH, and stablecoins, with an 8-week staking mechanism that rewards liquidity providers in MOVE tokens. Forecast MOVE has broken below $0.55, with the next support at $0.50. A bounce above $0.58 would indicate a reversal, with a possible rally to $0.65-$0.70. RSI at 40 signals oversold conditions, but low volume suggests further downside risk. Compound (COMP) Price Change (7D): -25.02% Current Price: $50.44 News COMP has seen a sharp decline despite recent gains, with analysts forecasting potential stagnation in 2025. Price predictions for 2025 range from $51 to $77, with a bullish target of $224 in September 2025 based on Elliott Wave analysis. However, legal uncertainties in DeFi lending could impact growth. Forecast COMP is testing $50 support, with a critical resistance zone at $55-$60. If support fails, a drop to $45 is likely. RSI at 38 shows bearish sentiment, but oversold conditions may lead to a short-term rebound. MANTRA (OM) Price Change (7D): +9.34% Current Price: $5.84 News MANTRA continues to gain institutional traction, recently partnering with RepublicCrypto to enhance staking services and tokenized asset accessibility. The DAMAC Group collaboration further boosts its real-world asset tokenization strategy. MANTRA hit an all-time high, ranking 2nd among top 100 RWA tokens. Forecast OM is holding above $5.50 support, with resistance at $6.50. A break above $6.00 could send it toward $7.00. RSI at 65 suggests strong bullish momentum, though a pullback could occur before the next rally. Blocery (BLY) Price Change (7D): +17.50% Current Price: $0.007455 News Blocery released its January 2025 progress report , highlighting the beta testing of its ESG Dashboard and advancements in Layer 3 scaling. Strategic partnerships are being formed to expand the platform’s ecosystem, with an imminent BLY token bridge launch. Forecast BLY has broken out from $0.0063 and is testing $0.0075 resistance. If momentum holds, a push to $0.0085-$0.0090 is likely. RSI at 70 indicates overbought conditions, suggesting a pullback before further gains. Closing Thoughts This week’s biggest movers reflect a growing divergence in crypto trends. Real-world asset tokenization (RWA) is gaining institutional interest, with OM and ONDO leading the charge, backed by solid partnerships and increasing adoption. DeFi remains a battleground, with MOVE’s Cornucopia vaults drawing liquidity into a new experimental yield structure. However, the sector is still vulnerable, as seen in COMP’s struggles, despite its historical significance in crypto lending. Meanwhile, the AI-driven and autonomous world projects like STPT (AWE) and XYO are gaining traction, signaling increased demand for self-sustaining blockchain ecosystems. SUI and UXLINK show that blockchain infrastructure and gaming remain relevant, but LUNA’s crash highlights that past failures are not easily forgotten.
Solana (SOL) Price Drops 17% in a Week as It Struggles Below $200
From beincrypto by Tiago Amaral Solana ( SOL ) price has seen strong corrections over the past week, dropping 17% and falling below the $100 billion market cap. The Ichimoku Cloud chart indicates that bearish momentum remains dominant, with SOL trading below key trend indicators and reflecting downside pressure. Meanwhile, the Directional Movement Index (DMI) suggests that the strength of the current downtrend is still intact, though selling pressure appears to be weakening. With technical indicators showing mixed signals, SOL’s next move will depend on whether it can regain momentum or continue its decline toward lower support levels. SOL Ichimoku Cloud Show the Bearish Momentum Is Still Here The Ichimoku Cloud chart for Solana shows a predominantly bearish setup . The price is trading below the cloud, and the cloud itself is shaded red, indicating continued downside pressure. The Kijun-sen (red line) remains above the price, reinforcing the bearish bias, while the Tenkan-sen (blue line) is also positioned below the cloud, suggesting that short-term momentum is still weak. Additionally, the Senkou Span A (green cloud boundary) is trending below Senkou Span B (red cloud boundary), signaling that the broader trend remains downward. The fact that the price is below both the conversion and base lines further confirms that bears are in control. SOL Ichimoku Cloud. Source: TradingView. However, there are signs of potential stabilization , as SOL has recently attempted to push higher and is testing the Tenkan-sen. If the price can sustain momentum above this level, it may indicate an early shift in sentiment. The Lagging Span (green line) is still below the price action, meaning that no clear bullish confirmation is present yet. To establish a trend reversal, SOL would need to break above the cloud, which remains a key resistance zone. Until then, the prevailing Ichimoku structure suggests that the market is still in a corrective phase, with the cloud acting as a dynamic barrier to further upside movement. Solana DMI Shows the Downtrend Could Be Easing Solana Directional Movement Index (DMI) chart indicates that the Average Directional Index (ADX) is currently at 33.3 and has remained between 30 and 35 for the past four days. The ADX measures trend strength, with values above 25 generally indicating a strong trend and values below 20 suggesting weak or range-bound price action. A reading between 30 and 35, as seen in SOL’s case, confirms that the ongoing trend – whether bullish or bearish – is holding firm. However, the direction of the trend is determined by the movement of the +DI and -DI lines, which represent buying and selling pressure, respectively. SOL DMI. Source: TradingView. Currently, Solana +DI stands at 15.2 and has been stable around this level for the last three days, suggesting weak bullish momentum. Meanwhile, -DI has dropped to 24.2 after being as high as 32.6 just a day ago, indicating that selling pressure is easing. While SOL remains in a downtrend, the declining -DI suggests that bearish momentum may be weakening. If the +DI starts rising while -DI continues to drop, it could signal a potential trend reversal. However, as long as the ADX stays elevated and the -DI remains above the +DI, the downtrend remains dominant. SOL could still face further downside pressure before any meaningful recovery occurs. SOL Price Prediction: Will Solana Break Above $220 Soon? In recent days, Solana price has been hovering near the $200 level, consolidating within a tight range as market participants assess its next move. If bullish momentum returns, SOL could test the $211 resistance level in the near term. A successful breakout above this zone could open the door for further gains, with $223 as the next key target. Should buying pressure strengthen, SOL price could even rally toward $244, marking a potential 22% upside from current levels. However, for this scenario to play out, Solana needs sustained demand and a shift in momentum to overcome the recent bearish trend. SOL Price Analysis. Source: TradingView. On the downside, if the current downtrend persists and selling pressure intensifies, SOL could soon retest the $191 support level. A breakdown below this critical level may accelerate losses, potentially sending the price toward $181 or even as low as $168, representing a 15% further correction.
RAD Critical Support Tested: Can Bulls Regain Control?
Radworks (RAD) is testing key support at $0.85, with traders monitoring for a potential rebound or further decline below this level. Technical indicators like RSI (38.66) and MACD suggest continued bearish momentum, though oversold conditions could lead to a short-term recovery. If support holds, RAD may target $1.22 and $1.50 resistance levels, but a breakdown could push prices toward $0.50 or lower. Radworks (RAD) has its price under strain, testing a level of significant support . The security has traded in a widening wedge, and investors await a sign of a reversal. Historical price actions have hinted at the potential for a rebound, but technicals have signaled persistent bearish momentum. Market Movement and Key Price Levels A recent tweet posted by Alpha Crypto Signal focused on current price activity in RAD’s price. As per analysis, the asset is in a broadening wedge and resting over a key level of support. In its tweet, RAD’s behavior in bouncing off similar price levels in its past cycles was mentioned, and for that reason, investors have been forecasting a price reversal. The Relative Strength Index (RSI) stands at 38.66, a level close to the oversold range. Any level below 30 would typically affirm oversold levels, and that increases the potential for a price reversal in the short term if buying demand emerges. Conversely, the 25-day Simple Moving Average (SMA) stands at $1.217, and since the current price is below, a continuing downtrend is confirmed. Source: TradingView Additionally, the MACD is in bearish momentum, with MACD below its signal line . The histogram remains negative, with an indication of ongoing selling pressure. Volume remains relatively high at 43.98 million, but sessions in recent days have declined, an indication of a loss in momentum. Future Outlook and Potential Scenarios If the present level of support at $0.85 holds, a future rebound could target $1.22, then upper resistance at $1.50 and $2.00. But in case of a drop below such a level of support, future drops could follow, with target potentials at $0.50 and below. At the time of writing, Radworks (RAD) is at $0.8748 , with a 24-hour trading value of $26,375,487. Over the 24 hours, it has increased 1.18% in value but continues in a downtrend for the week. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Solana (SOL) Price Drops 17% in a Week as It Struggles Below $200
Solana (SOL) price has seen strong corrections over the past week, dropping 17% and falling below the $100 billion market cap. The Ichimoku Cloud chart indicates that bearish momentum remains dominant, with SOL trading below key trend indicators and reflecting downside pressure. Meanwhile, the Directional Movement Index (DMI) suggests that the strength of the current downtrend is still intact, though selling pressure appears to be weakening. With technical indicators showing mixed signals, SOL’s next move will depend on whether it can regain momentum or continue its decline toward lower support levels. SOL Ichimoku Cloud Show the Bearish Momentum Is Still Here The Ichimoku Cloud chart for Solana shows a predominantly bearish setup. The price is trading below the cloud, and the cloud itself is shaded red, indicating continued downside pressure. The Kijun-sen (red line) remains above the price, reinforcing the bearish bias, while the Tenkan-sen (blue line) is also positioned below the cloud, suggesting that short-term momentum is still weak. Additionally, the Senkou Span A (green cloud boundary) is trending below Senkou Span B (red cloud boundary), signaling that the broader trend remains downward. The fact that the price is below both the conversion and base lines further confirms that bears are in control. SOL Ichimoku Cloud. Source: TradingView. However, there are signs of potential stabilization, as SOL has recently attempted to push higher and is testing the Tenkan-sen. If the price can sustain momentum above this level, it may indicate an early shift in sentiment. The Lagging Span (green line) is still below the price action, meaning that no clear bullish confirmation is present yet. To establish a trend reversal, SOL would need to break above the cloud, which remains a key resistance zone. Until then, the prevailing Ichimoku structure suggests that the market is still in a corrective phase, with the cloud acting as a dynamic barrier to further upside movement. Solana DMI Shows the Downtrend Could Be Easing Solana Directional Movement Index (DMI) chart indicates that the Average Directional Index (ADX) is currently at 33.3 and has remained between 30 and 35 for the past four days. The ADX measures trend strength, with values above 25 generally indicating a strong trend and values below 20 suggesting weak or range-bound price action. A reading between 30 and 35, as seen in SOL’s case, confirms that the ongoing trend – whether bullish or bearish – is holding firm. However, the direction of the trend is determined by the movement of the +DI and -DI lines, which represent buying and selling pressure, respectively. SOL DMI. Source: TradingView. Currently, Solana +DI stands at 15.2 and has been stable around this level for the last three days, suggesting weak bullish momentum. Meanwhile, -DI has dropped to 24.2 after being as high as 32.6 just a day ago, indicating that selling pressure is easing. While SOL remains in a downtrend, the declining -DI suggests that bearish momentum may be weakening. If the +DI starts rising while -DI continues to drop, it could signal a potential trend reversal. However, as long as the ADX stays elevated and the -DI remains above the +DI, the downtrend remains dominant. SOL could still face further downside pressure before any meaningful recovery occurs. SOL Price Prediction: Will Solana Break Above $220 Soon? In recent days, Solana price has been hovering near the $200 level, consolidating within a tight range as market participants assess its next move. If bullish momentum returns, SOL could test the $211 resistance level in the near term. A successful breakout above this zone could open the door for further gains, with $223 as the next key target. Should buying pressure strengthen, SOL price could even rally toward $244, marking a potential 22% upside from current levels. However, for this scenario to play out, Solana needs sustained demand and a shift in momentum to overcome the recent bearish trend. SOL Price Analysis. Source: TradingView. On the downside, if the current downtrend persists and selling pressure intensifies, SOL could soon retest the $191 support level. A breakdown below this critical level may accelerate losses, potentially sending the price toward $181 or even as low as $168, representing a 15% further correction.
Alibaba AI model predicts INTL will surpass XRP in 2025, but when?
The AI revolution is rapidly transforming various sectors, including healthcare and cryptocurrency, as companies increasingly adopt AI to optimize their operations and improve services. Alibaba, a leading Chinese multinational conglomerate, is at the forefront of this integration. Recent predictions from Alibaba’s AI suggest that IntelMarkets (INTL) will surpass Ripple (XRP) in value by 2025. But when will this shift occur, and what reasons underpin this forecast? Continue reading to discover more! XRP Price Surges Amid Ripple’s AMM Pools Launch Although the XRP price has declined by over 20.9% in the past week, it continues to show bullish sentiment, as indicated by technical indicators like the Bollinger Bands. Crypto investor Armando Pantoja noted on January 29 that such XRP price patterns often signal an impending rally. Fueling the XRP price outlook is the AMMClawback amendment—an update Ripple has implemented, aimed at strengthening the regulatory compliance of its AMM pools. Latest posts by XRPScan on X highlights the RLUSD/XRP AMM pool. Since its launch, this pool, among the RLUSD-paired pools, has attracted over $423,000 in TVL. Another key contributor to the anticipated XRP price rally is Ripple’s collaboration with Ondo Finance, which aims to bring tokenized U.S. Treasury securities to Ripple’s XRP Ledger. As a result, Ripple analysts predict that the XRP price could break past $4 in Q2. Alibaba AI Model Reveals INTL Will Surpass XRP This Quarter While the XRP price outlook appears bullish, the time predicted by experts for its breakout from this critical $3 zone is not quite short term. This means that a potential bull trap could form below $2.95, where liquidity pockets have developed. Although XRP has recently broken out of a long-term downtrend, surpassing the key resistance level of $1.83, which has now become a strong support level. Notably, crypto expert EGRAG CRYPTO predicts that XRP’s market cap could soon reach $300 billion, potentially driving its price to between $5 and $6 per token. Instead of solely relying on XRP and waiting for its breakout in Q2, investors are exploring other tokens with both short-term and long-term growth potential. In this search, savvy investors are using the Alibaba AI model to identify better options. Why You Should Join IntelMarkets’ Presale: INTL Set For A Rally Above $5 Before March-End The Alibaba AI model highlighted IntelMarkets , an innovative AI-driven DeFi trading platform, has generated significant excitement within the crypto community. Traders are eager to explore its unique features and discover how they can leverage them for maximum benefit. At the heart of IntelMarkets’ mission is the commitment to provide users with a streamlined trading experience that maximizes profits while minimizing costs. With a robust suite of advanced trading tools and lightning-fast transaction times, IntelMarkets offers the perfect blend for traders looking to optimize their portfolios. Moreover, IntelMarkets caters to all categories of investors. Large scale investors have peace of mind with the platform’s trading view portfolio management tool, which consolidates all their assets into a single, easy-to-navigate interface. The AI also noted that IntelMarkets’ partnerships are both strategic and user-focused. With its excellent tokenomics and deflationary model, the INTL token is poised to surpass top competitors like Ripple, potentially rising above $5 from its current presale price of $0.082 by March. Don’t miss this lucrative investment opportunity—buy INTL now! Join the Movement: Buy Presale Visit Intel Markets (INTL) Join The Intel Community
Ethereum (ETH) Price Struggles Below $3,000 as Bearish Pressure Persists
Ethereum (ETH) price is struggling to reclaim the $3,000 level as bearish momentum continues to weigh on its recovery. The RSI remains neutral, failing to break above 50 since February 1, indicating that buying pressure has yet to strengthen significantly. Meanwhile, the Directional Movement Index (DMI) shows that ETH is still in a downtrend, though selling pressure has started to ease slightly. With short-term EMAs still below long-term ones, ETH remains at risk of further declines unless momentum shifts in favor of the bulls. ETH RSI Failed to Break Above 50 Since February 1 Ethereum’s Relative Strength Index (RSI) is currently at 44.7, maintaining a neutral stance since February 3 after briefly plunging to 16.7 on February 2. The RSI is a momentum oscillator that measures the strength and speed of price movements on a scale from 0 to 100. Typically, an RSI above 70 signals overbought conditions, suggesting a potential price correction, while an RSI below 30 indicates oversold levels, often associated with buying opportunities. A reading between 30 and 70 is considered neutral, meaning the market lacks a clear bullish or bearish trend. ETH RSI. Source: TradingView. With ETH RSI at 44.7, it remains in neutral territory but continues to struggle to break above 50, a level it has failed to reach since February 1. This suggests that while bearish pressure has eased since the extreme oversold conditions of early February, buying momentum remains weak. If ETH can push its RSI above 50, it would indicate a shift toward bullish control, potentially leading to a stronger price recovery. However, failure to do so may signal prolonged consolidation or even renewed selling pressure, keeping ETH in a choppy trading range until stronger demand emerges. Ethereum DMI Shows The Current Trend Is Still Bearish Ethereum’s Directional Movement Index (DMI) chart shows that its Average Directional Index (ADX) is currently at 34.2, down from 40 just two days ago. The ADX measures trend strength, with values above 25 generally indicating a strong trend and values below 20 suggesting weak or range-bound price action. A reading of 34.2 confirms that ETH price is still in a well-defined trend, though the slight decline in ADX suggests that trend strength is weakening. ETH DMI. Source: TradingView. ETH’s +DI is currently at 16.7 and has been fluctuating between 14 and 18 over the past four days. That indicates a weak bullish momentum. Meanwhile, the -DI has dropped from 33.8 yesterday to 28.9, suggesting that selling pressure could be easing. Despite this, Ethereum remains in a downtrend, as the -DI is still significantly higher than the +DI. If the +DI begins to rise while the -DI continues to decline, it could suggest an early shift in momentum toward a potential trend reversal. However, as long as the -DI remains dominant and ADX holds above 25, ETH could continue facing downside risks before any significant recovery materializes. ETH Price Prediction: Will Ethereum Return To $3,000 In The Next Days? Ethereum Exponential Moving Average (EMA) lines continue to indicate a bearish trend, with short-term EMAs still positioned below long-term ones. This alignment suggests that downward pressure remains dominant, keeping ETH at risk of further declines. If this bearish momentum persists, Ethereum price could test the support level at $2,356, and a failure to hold this zone could lead to a deeper drop toward $2,163. The current EMA structure reflects a market where sellers remain in control, and a clear shift in trend would be required to reverse the ongoing decline. ETH Price Analysis. Source: TradingView. However, if ETH can regain positive momentum, it could make a move back toward the $3,000 level. A breakout above this psychological resistance could signal renewed bullish strength, potentially pushing ETH to $3,300. If buying pressure remains strong beyond this point, ETH price could even rally to $3,744, marking its highest price since January 6.
Germany’s AfD eyes Bitcoin deregulation, Eurozone exit, and gold-backed currency
Germany’s far-right Alternative for Germany (AfD) party wants to blow up the country’s financial system as we know it with elections set for February 23. On Feb 6, they shared their wild plan to simply get Germany out of the Eurozone, deregulate Bitcoin trading and crypto wallets, and bring back the Deutsche Mark currency with gold reserves backing it. Their ideas go head-to-head with mainstream parties, who think they’ve lost their minds—but AfD doesn’t care. They want Germany out of the currency bloc and believe the Deutsche Mark can make a comeback if it’s tied to something solid like gold. “The Deutsche Mark is Germany’s true monetary identity,” AfD leaders claim , vowing to repatriate Germany’s gold reserves held abroad. Bitcoin deregulation, cash protection, and rejection of a digital euro Wallets, exchanges, and trading platforms should be free from what the AfD calls “unnecessary government interference.” Regulators have historically always kept a close eye on Bitcoin in Germany, but AfD leaders say it’s time for a reset. They’re also waging a war against the European Central Bank’s digital euro plan. They see it as a threat to financial freedom/privacy and a way to snoop on Germans’ finances. The party also opposes any EU-wide deposit guarantee scheme, which would pool risk across European banks to protect depositors. AfD said it doesn’t want German taxpayers footing the bill for bank failures in other countries. Their tax proposals follow the same logic—they want to eliminate the wealth tax and inheritance tax while increasing tax-free allowances on capital gains, dividends, and interest income. See also US SEC launches a 'crypto task force' website While AfD is lighting financial fires, Germany’s other major parties are more measured. Chancellor Olaf Scholz’s Social Democrats (SPD) are laser-focused on taxing the wealthy. They want a financial transaction tax on stock trades and plan to reintroduce the wealth tax, targeting millionaires and billionaires. Scholz’s party is promising that “the super-rich will do their part” in funding public services. They also want to tighten inheritance tax exemptions to force large estates to pay more. Meanwhile, the conservative CDU/CSU bloc, led by Friedrich Merz, is promising to turn Germany into Europe’s financial capital by making the country more attractive for startups and venture capital through tax incentives. They’re also committed to strengthening the European capital market union, which would make it easier for investments to flow across EU borders. Merz’s bloc is pushing for a digital euro but only if it benefits consumers. The CDU/CSU is also pushing for stronger customs enforcement to crack down on money laundering, a problem that has plagued Germany’s financial institutions in recent years, though their platform avoids specifics on how exactly they’ll achieve these goals. The Greens are playing the sustainability card, with a financial agenda centered around environmental and social responsibility. They want BaFin, Germany’s financial regulator, to have more power to fight greenwashing—when companies exaggerate their eco-friendly credentials. See also Thailand's TIDC appoints dao5 and Movement Labs founders as advisors The Greens also want every state investment to meet sustainability standards so that public money isn’t spent on harmful projects, and they also have plans for a nationwide service center to help states combat financial crime tied to crypto. The Greens also want to work on Germany’s transparency register so they can make it harder for companies to hide funds using corporate structures, and their tax plan includes limiting inheritance tax exemptions and introducing a global billionaire tax. Finally, the business-friendly Free Democrats (FDP), led by Christian Lindner, are trailing in the polls and may not make it into parliament. But their platform sticks to their core beliefs: lower taxes and fewer regulations. Cryptopolitan Academy: FREE Web3 Resume Cheat Sheet - Download Now
BTC Price Optimism Persists as Traders Look Toward $100,000 Despite Market Volatility RisksBTC Price Optimism Persists Despite Six-Figure Bitcoin Tar
BTC Price Optimism Persists Despite Six-Figure Bitcoin Target Remaining Elusive As Bitcoin (BTC) approached the vital $100,000 mark, traders are focusing on multiple bullish signals that indicate potential price movements. Many market analysts remain optimistic as BTC shows signs of resilience, with spot market demand suggesting healthy investor interest amid volatility. “$BTC Trading at a pretty solid spot premium showing there’s plenty of spot demand around these levels,” noted trader Daan Crypto Trades. Trading Dynamics: A Tight Channel Emerges for Bitcoin Bitcoin recently traded around $98,000 as it entered a period of consolidating price action. Data from Cointelegraph Markets Pro and TradingView reveal that BTC/USD has been moving within a tight channel. While the six-figure Bitcoin price remains out of reach, this consolidation reflects traders adopting a wait-and-see approach. Popular trader Jelle highlighted a key observation, stating, “Higher low locking in… Objective remains the same, reclaiming $100k.” This pivot point suggests that reclaiming this mark could lead to additional upward momentum. Spot Market Demand Fuels Optimism for BTC Price Movement Another significant indicator of bullish sentiment comes from the spot market. As per insights from Daan Crypto Trades, the presence of a solid spot premium indicates robust demand. “This has made it so Bitcoin has held strong during all the recent turbulence,” he shared with followers. This positive sentiment is further supported by institutional interest, with major players like MicroStrategy accumulating Bitcoin rapidly. Daan Crypto Trades highlighted that this dynamic could lead to supply constraints, boosting BTC prices in the longer term. Technical Indicators Point to Potential Price Rallies Technical analysis also reveals that Bitcoin’s daily Relative Strength Index (RSI) is forming a confining channel with a potential breakout ahead. Trader Rekt Capital noted that this RSI setup holds an important significance for Bitcoin’s price trajectory. “The RSI is holding support at the Channel Bottom in preparation for a rally to the Channel Top over time,” he explained, suggesting that bullish momentum could soon be realized. Market Sentiment: Caution Amid External Volatility Risks Despite the prevailing optimism surrounding Bitcoin, trading firm QCP Capital issued a cautious note, indicating that Bitcoin might not be insulated from external shocks. The firm highlighted growing geopolitical tensions, particularly between the U.S. and China, which could negatively impact market stability. “BTC’s resilience above $90k is impressive, but we remain cautious about negative geopolitical shocks… the lack of near-term crypto-specific catalysts leaves the market vulnerable to negative price shocks,” QCP emphasized. Such sentiments underline the necessity for effective risk management practices among traders. Conclusion In conclusion, Bitcoin’s current performance reflects a complex interplay of bullish signals and external caution. The optimism surrounding BTC’s potential to reclaim the $100,000 mark is bolstered by spot market demand and positive technical patterns. Nonetheless, traders must remain alert to external factors that could induce volatility. As the market continues to evolve, sound risk management remains crucial for navigating these uncertain times. In Case You Missed It: SEC's New Crypto Enforcement Unit Led by Hester Peirce Could Foster Innovation Amid Regulatory Uncertainty
FTX Token (FTT) Price Rises as FTX Plans Creditor Payments on February 18
FTX Token (FTT) price is up following news that the exchange will begin payments to Bahamas creditors on February 18. Despite this positive development, FTT is still fighting to maintain levels above $2 as technical indicators show mixed signals. While RSI has recovered from oversold conditions and bullish momentum is building, ADX remains weak, suggesting that trend strength is not yet fully established. If FTT can break key resistance levels, it could push toward $3. However, a failure to hold current support may lead to a deeper pullback. FTT Downtrend Is Losing Its Steam, But the Uptrend Is Still Consolidating FTT DMI chart shows that its ADX has dropped to 23.4, down from 41 just four days ago. This decline suggests that the strength of the previous downtrend is weakening. ADX measures trend intensity but does not indicate direction. That means that while FTT is attempting to form an uptrend, the lower ADX suggests the momentum behind this move is not yet strong. If ADX falls further below 20, it could indicate consolidation, while a rebound above 25 would signal a strengthening trend. FTT DMI. Source: TradingView. ADX is a key part of the Directional Movement Index (DMI) that tracks trend strength. Values above 25 indicate a strong trend, and readings below 20 suggest weak or indecisive price action. Meanwhile, FTX Token +DI has surged to 27.7 from 14.1 in just one day, signaling increasing bullish pressure, while -DI has dropped from 26.5 to 15.3, showing that bearish momentum is fading. This crossover, where +DI moves above -DI, supports the case for an uptrend. If ADX starts rising again, FTT could see a stronger bullish continuation, but if ADX remains weak, the price may struggle to gain momentum. FTT RSI Is Rising Fast FTT’s Relative Strength Index (RSI) is currently at 59.2, up significantly from 22 just three days ago, after the announcement that FTX will start paying Bahamas creditors from February 18. This sharp increase suggests that buying pressure has returned after FTT was in oversold conditions. An RSI below 30 typically signals that an asset is oversold and due for a rebound, which aligns with FTT’s recent price recovery. Now approaching the 60 level, momentum is turning more bullish, though FTX Token still needs to push higher to confirm a strong upward continuation. FTT RSI. Source: TradingView. RSI is a momentum indicator that measures the strength and speed of price movements on a scale from 0 to 100. Readings above 70 suggest an asset is overbought and may be due for a pullback, while readings below 30 indicate oversold conditions and a potential price recovery. With FTT’s RSI now at 59.2, it is nearing overbought territory but still has room to climb. If RSI crosses above 60, it could indicate further bullish momentum. However, if it starts declining, FTT may consolidate before making its next move. FTT Price Prediction: Can FTT Rise to $3 In February? FTX Token’s EMA lines show that its short-term moving averages are still below the long-term ones but are gradually moving upward. If they cross above the long-term EMAs, it will form a golden cross. This is a bullish signal that could push FTT toward the next resistance levels at $2.32 to $2.44. A successful breakout above these levels could open the door for a further move to $2.77. Additionally, speculation around Donald Trump potentially pardoning FTX co-founder Sam Bankman-Fried could trigger a surge in FTT’s price, pushing it toward $3 or even $4. FTT Price Analysis. Source: TradingView. On the other hand, if FTT price fails to establish an uptrend, it may struggle to hold its current levels. A drop toward the $1.89 support could indicate weakening momentum. If that level is lost, the token could fall as low as $1.50. With EMA lines still in a bearish setup, the market remains at a critical point where either a confirmed breakout or a deeper pullback could unfold.
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