Market open will it launch price in sky?

30.05.2023

Dear traders,

Today, the market in the US is open, and we could see a significant push or drop. Therefore, it is important to prepare your positions as we are approaching resistance lines.

BTC touched $27,500 and is currently consolidating below $28,000 before its next move. The US stock market will influence the price, either pushing it up or down, with today’s market open. The resistance level to break is $28,300 for a bullish continuation.

ETH has retested lower targets and is currently holding at $1,900, with a bullish break out possible if it maintains a position above $1,950. It still looks strong for the next upward movement but is currently facing strong resistance.

XRP has broken bullish and reached $0.5, which is a strong resistance level. It is now approaching an oversold resistance line on the daily closing, which could potentially lower the price if it reaches $0.55, considered a long-term target.

LINK is holding above $6.45 and appears bullish for a bigger push upwards. It remains a good opportunity for a spot long position.

SOL is maintaining its position above $20 and is currently showing momentum for a larger upward push. The stock market will determine the next price movement, but it looks promising in the long term.

EOS is holding above $0.89, indicating a bullish sign and potential for the next upward push. It continues to be a good choice for a long-term spot position.

LTC has broken above $90 and is currently facing strong resistance at $91. It needs to surpass this level on a daily basis to make a bigger push towards $100. In 60 days, there will be a halving event in LTC, which suggests a significant price increase due to the reduction in mining supply. This presents a great investment opportunity to hold!

The DXY is struggling with the 104.3 resistance level and needs to break it for a larger bullish push upwards.

Crypto/stock daily news:

USE CASE OF THE WEEK: TICKETS

Here’s a hard pill to swallow: A lot of crypto projects lack a true use case.

And many founders are trying to find solutions to problems that don’t even exist. But there’s one use case that doesn’t have many critics: NFT ticketing.

Why put tickets on the blockchain?

Digital collectibles: People love collecting and remembering events they have attended. Imagine a digital passport of all of the events you’ve attended.. ?

Authentication: Being able to track the ticket back to its creation allows fans to know their ticket is legit

More revenue: Event organizers can profit on ticket resales and everyone benefits from lower fees

New experiences: Fans can be rewarded for their loyalty and engage in new digital experiences

So what? There’s been two big developments recently.

1/ The Professional Fighters League announced it will use NFT tickets

They are adding to their Web3 efforts and using NFTs for their VIP ticket experience. This could grant holders cage-side seating, attendance to pre-fight weigh-ins, and meet and greets with the fighters.

2/ Sports Illustrated dropped an NFT ticket platform

Built on Polygon, “Box Office” will be the first complete NFT ticket service. It will allow event organizers and promoters to build enhanced experiences into collectible tickets.

Antique barcode → Engaging and collectible content

FAST NEWS:

Binance is launching a new crypto exchange in Thailand. It partnered with Gulf Innova to secure a digital asset license for the operation that’ll launch in Q4.

Gemini (the Winklevoss twins-owned crypto exchange) said its European HQ will be in Dublin, Ireland. The U.S. → overseas crypto pipeline continues…

Starbucks will airdrop more NFTs in June in its Odyssey rewards program. Caffeine addicts Web3 proponents.

Blur’s NFT lender Blend has facilitated $225M in loans since it launched on May 1. About 85% of all loan volumes in the past month have happened on the platform.