RENDER analysis:

Price is slowly approaching the resistance area; let's see how it reacts. This is not a trade zone, so it's better to wait for a good opportunity.

Support Area: $6.60-$7.00

Resistance Area: $9.90-$10.55

LUMIA analysis:

Price is currently approaching a retest of the support area. This is the zone for new entries, and you can place your buy orders within this zone. We may observe some accumulation before the next movement.

Support Area: $1.20-$1.30

Resistance Area: $1.47-$1.54

Bitcoin is currently experiencing significant selling pressure due to news about the HMPV virus. There are concerns that this situation could mirror the impact of COVID-19 and trigger a global market crash. However, we might see a quick rebound once the fear, uncertainty, and doubt (FUD) subside. If Bitcoin breaks below $95,000, it could drop to the support range of $90,000 to $92,000.

In the past 24 hours, Bitcoin dropped 4.7% and Ethereum plunged 7.7%, leading to massive liquidations across the market.

A total of 171,687 traders were liquidated, with a combined value of $542 million, predominantly $484 million in long positions. The largest single liquidation occurred on Binance, where an ETHUSDT position worth $17.7449 million was wiped out.

AAVE has broken out of the symmetric triangle pattern downward, and the price has now reached the lower support area. You can consider opening a long position at this support level with a stop loss in place, as we may see a bounce from here.

Support Area: $290-$297

In 2024 alone, ETFs and public companies have collectively purchased 859,454 BTC—a staggering 4.3% of the circulating supply absorbed in just one year.

To put it in perspective, this is roughly equivalent to 8 years' worth of Bitcoin issuance!

Educational Post

What Is Phantom Wallet?

Phantom Wallet is a non-custodial cryptocurrency wallet. Although it was initially designed for the Solana blockchain, Phantom now supports multiple chains, including Solana, Ethereum, Base, Polygon, and Bitcoin. Being non-custodial means that Phantom Wallet doesn’t hold your private keys and seed phrases, so users have total control over their keys and digital assets.

Phantom Wallet serves as a gateway for users to manage their cryptocurrencies and NFTs (non-fungible tokens). Similar to other Web3 wallets, Phantom also allows you to interact with decentralized finance (DeFi) platforms and applications (DApps).

ARK analysis:

Price is currently testing the resistance area; we will see how it reacts. This is a no-trade zone, so it is better to wait for a better opportunity.

Support Area: $0.388-$0.437

Resistance Area: $0.625-$0.67

Bitcoin has struggled to maintain the $95,000 level, and as anticipated, the price has dropped to a lower support area. There is strong buying pressure at this support level. The first target to reclaim is $95,000.

ONE is currently testing the support area, and we may see a bounce from this level. You can enter a long position here with a tight stop loss. The resistance level remains unchanged.

Support Area: $0.0235-$0.025

BONK has dropped again to the accumulation zone, and we may see some sideways movement before the next move. You can add more if you missed the earlier opportunity.

There’s significant high liquidity in the $95,500-$96,000 range. A potential upside move could occur to clear these positions. Keep an eye on this key area for the next market reaction.

LSK analysis:

Price is now approaching the resistance area. This is not a trade zone, and it is better to wait for new opportunities. Let's see how price reacts at the resistance area.

Support Area: $0.95-$1.00

Resistance Area: $1.17-$1.20

Bitcoin has tested the lower support area and bounced back from it. The resistance level is set at $95,000, so it will be interesting to see how the price reacts when it reaches that point. The US government moved more than 69,000 BTC, which contributed to the downward movement in price. However, it seems that the selling pressure is being absorbed by the market.

RENDER has dropped to the support area and has since bounced back. The long position is now more than 12% in profit from this support zone. You can adjust your stop loss to the breakeven point. We may see a move towards the resistance area soon.

LSK was rejected from the resistance area and dropped to the support area. You can open a long position at the support area with a stop loss. We may see some accumulation before the next move. The resistance area remains the same.

After distributing into the ATH, Bitcoin Shrimps (<1 BTC) are back in accumulation mode, adding +17.6k BTC/month. 🦐📈

This group now holds ~1.36M BTC, representing 6.9% of the circulating supply. Small but mighty