Market momentum is slowing down, and the price is currently holding at a support level.

26.09.2023

Dear traders,

If the support doesn’t hold, there’s a likelihood of a bearish continuation, causing the price to decrease slowly.

Jake
TOP Trader

BTC has broken its uptrend and is displaying bearish momentum. There is a high likelihood of a breakdown if it fails to hold at $26,200. The long-term outlook remains bearish.

ETH has broken below the $1,630 resistance level and is losing momentum, increasing the possibility of a sharp drop. However, it still requires significant buying volume to initiate an upward movement.

XRP has dropped to the $0.50 support level after facing strong resistance at $0.52. It remains in a precarious position if it loses the $0.50 support.

LINK encountered strong resistance at $7.5 and needs to break through it for a bullish continuation.

SOL broke below the robust $20 resistance level, and there is a significant possibility of a strong rebound. However, it still carries the risk of bearish continuation.

EOS is losing momentum and is unable to break through the strong resistance at $0.60. However, sustaining a price increase still requires significant buying volume.

LTC has encountered strong resistance and continues to trend downward, requiring substantial and robust buying volume.

DXY is pushing above 105 and has bullish momentum, aiming for a target of 108.

Crypto/stock daily news:

ANTI-CRYPTO U.S. SENATOR GETS ARRESTED…

Meet Robert “Bob” Menendez:

Bob is a U.S. Senator.

Bob hates crypto.

Bob says crypto is “an ideal choice for criminals” and co-sponsored a bill to investigate the adoption of Bitcoin in El Salvador and its use in money laundering and illicit activities.

Well, Bob just got charged and could face up to 20 years in prison.

What for? Corruption and bribery.

According to the allegations:

Bob used his power and influence to help enrich three businessmen and benefit the Egyptian government

He would dismantle criminal investigations to protect the three businessmen

He also shared “sensitive U.S. government information” with the Egyptian government

In return, Bob accepted hundreds of thousands of dollars, gold bars, and luxury cars as bribes

The same guy who’s been ripping crypto for helping criminals was… a criminal himself…

You can’t make this sh*t up.

HOW BITCOIN IS BEING USED TO STOP ELECTION FRAUD

There are two questions that will make any person crumble…

Where’s your water heater located?

What’s a crypto use case?

Well don’t worry, we just found a new cool use case to add to your arsenal…

The use case: Guatemala is using Bitcoin to detect fraud attempts in presidential elections.

Guatemala’s Supreme Election Tribunal is using the Bitcoin blockchain to cryptographically timestamp official election documents.

The documents are “hashed” into the blockchain and given a timestamp that cannot be forged or altered.

This ensures that all documents cannot be tampered with.

It also adds a layer of transparency anyone can independently verify the information on the blockchain for themselves.

Pretty cool use case. The best part is it has nothing to do with speculation or prices…

It’s all about that technology, baby!

FAST NEWS:

FTX debt claims are being traded on secondary markets. According to Claims Market data, some are trading for 35% of their original claim value.

Gucci launched a virtual recreation of its recent runway show at Milan Fashion Week. The metaverse experiences will be available across three different metaverses – Roblox, Zepeto, and QQ.

OpenSea suffered a third-party security breach. The NFT marketplace warned API users to swap out their keys in order to avoid any future attacks.

Abritrum added $59M to its treasury after users failed to claim their airdrops. The treasury now owns ~$3B worth of ARB tokens. Wowza.