Technical analysis of $USUAL shows a bearish trend across multiple time frames. The 15-minute chart indicates a minor recovery after a low of 1.1160, while the 1-hour chart suggests oversold conditions with potential for a bounce, though caution is advised. The 4-hour chart confirms the broader downtrend, emphasizing the need for a confirmed reversal or breakout above 1.20 before considering any long positions.
Nigeria's Economic and Financial Crimes Commission arrested 792 individuals, including 148 Chinese and 40 Filipinos, in a major crypto-romance scam raid in Lagos. The operation, based in a seven-story building, involved a sophisticated network where local recruits, trained to impersonate foreign women, lured victims into fraudulent investment schemes. Authorities discovered over 500 SIM cards and high-end computers, indicating a well-organized effort targeting individuals primarily in North America and Europe.
The United Arab Emirates has seen its Bitcoin holdings surge to $40 billion, driven by substantial investments from institutions and the government amid a global bull market. This growth reflects the UAE's strategic initiatives to foster a favorable environment for blockchain innovation and cryptocurrency adoption, positioning the nation as a leading crypto-friendly hub. Analysts predict continued growth in Bitcoin investments, bolstered by supportive regulations and economic diversification efforts.
Solana (SOL) has surged 2,143% since its low of $9.64 in November 2022, outperforming Bitcoin and Ethereum on 344 of 727 trading days. Despite a recent decline below $200, strong investor confidence and increased network utility suggest continued growth potential, with Solana surpassing Ethereum in realized cap for the first time. The current market positioning indicates room for further gains, as significant liquidity continues to flow into the network.
As the crypto market faces a sell-off, Ripple (XRP) has seen a 29% drop from its recent high of $2.90, with uncertainty surrounding its SEC case impacting its momentum. In contrast, DTX Exchange, a new DeFi platform, has gained traction, achieving a $10 million presale and surpassing 300,000 wallets, positioning it as a promising investment opportunity.
Ethereum has struggled to break the critical $4K resistance level, resulting in a 15% weekly decline. Currently, it has found support around $3K, leading to a consolidation phase within the $3.5K–$4K range, with potential for a bullish attempt to retest the resistance if this support holds. The recent market dynamics, including significant liquidations and a cooling of funding rates, suggest a possible setup for a sustainable rally in the coming weeks.
Bitcoin's price has recently struggled to maintain the $100K level, dropping to around $92,000, raising concerns of a potential deeper correction towards $90K and possibly $80K. Despite a recent uptrend in active addresses, which indicates network activity, it has not yet reached all-time highs, suggesting a possible lengthy correction if this trend does not continue. The market's momentum has shifted to bearish, with the RSI below 50%, indicating further volatility ahead.
WLD is showing a bullish trend with a 137% target projection as it forms an ascending wedge pattern against USDT. The price has recently pulled back to the lower trendline, which acts as support, and a breakout above the upper boundary could lead to significant upward movement. Traders are advised to watch for a breakout and sustained movement above the resistance zone for confirmation of bullish momentum.
Whales have accumulated 250 million Dogecoin (DOGE) during a recent market dip, following Jerome Powell's anti-crypto remarks. This surge in buying has contributed to a 25% price increase, with DOGE currently trading near $0.32. Long-term holders are also withdrawing significant amounts from exchanges, indicating potential upside momentum. Technical analysis suggests that if DOGE breaks resistance at $0.346 and closes above $0.36, it could rise to $0.44.
Since the activation of EIP-1559 on August 5, 2021, over 4.5 million ETH have been burned on the Ethereum network, valued at more than $15.3 billion. The burning mechanism, which removes a portion of transaction fees from circulation, has seen significant contributions from platforms like Opensea and Uniswap. Despite this, Ethereum's inflation rate remains at 0.820%, with over 3.2 million ETH added to circulation since the London fork.
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