The bull market has broken a significant old resistance at 32k big push in front of us.

24.10.2023

Dear traders,

The bull market has broken a significant old resistance at 32k, causing a surge. The market needs to hold above this level for a more substantial upward push, which could further strengthen the bull market.

Jake
TOP Trader

BTC has broken the major resistance at 32k and now needs to hold above it for a significant bullish continuation. The bullish momentum is evident; however, caution is advised if the resistance proves resilient.

ETH is currently grappling with a substantial resistance at $1830 and needs to break above it to continue its bullish trend and return to the $1900 channel. Caution should be exercised if a large volume of selling pushes the price back.

XRP has successfully broken a strong resistance at $0.54 and is now approaching the older resistance at $0.585. It needs to maintain levels above $0.54 for a strong bullish push upward.

LINK has broken the old resistance at $9.5 and is now gearing up for a significant upward movement, aiming to re-enter a wider trading range. Sustaining levels above $9.5 is essential for a significant bullish momentum.

SOL is showing a bullish momentum and has breached the $29 support level, which must be held for a more substantial upward push. The bullish momentum can only continue if the $29 support level remains intact.

EOS is still struggling with a formidable resistance level at $0.6. Maintaining levels above this resistance is crucial for a more extensive upward movement. Achieving a sustained price increase depends on a significant surge in buying volume.

LTC is currently breaking into the $70 resistance level, and only a push above and holding it could drive the price higher. There is still a risk if the price doesn’t stay above $70.

DXY is losing momentum and must maintain levels above 106.2 to sustain its bullish trend.

Crypto/stock daily news:

$650B OF CRYPTO. BURNED FOREVER.

Over $650B of crypto was burned over the weekend…

I repeat… 650 BILLION DOLLARS… poof… gone, forever.

Here’s what happened:

5 years ago, Hayden Adams (the founder of Uniswap) created a token called HayCoin.

Last week, the price of HayCoin skyrocketed.

The token was launched for testing purposes only but people have been buying it as a joke.

Hayden still owned 99.99% of the supply, so the “value” of his holdings jumped (teleported?) to $650B.

Hayden had a decision to make…

OPTION A: Keep $650B and lose your dignity.

(You get rich, but get called a “grifter” and earn the title of “the biggest scam since Sam”).

OPTION B: Forget the money and keep your dignity.

Now, some people might blackout after hearing $650B and not even wait to hear Option B…

But not Hayden. He chose a different option…

OPTION C: Permanently remove the tokens from circulation and call it a day.

He did this by sending his HayCoins to a “burn address” (i.e. a wallet that isn’t controlled by anyone).

The craziest part? The remaining HayCoins that weren’t owned by Hayden (and therefore weren’t burned) shot up in price.

Now… 1 HayCoin = $3M.

Holy sh*t. Only in crypto…

FAST NEWS:

Constellation Network is allowing developers to build application-specific blockchains with unlimited scalability. Accompanied by a focus on interoperability, a vibrant community, and NO gas fees.

Microstrategy’s Bitcoin investment re-entered the green this weekend. They are currently holding ~158K Bitcoin with an average cost of $29,582.

Binance is halting services for its Visa debit card in Europe. Debit cardholders will be able to continue using them until December 20.

Chainlink’s native token (LINK) is up about 10% over the last 24 hours and up about 40% over the last week. The LINK token looks a lot like the Super Smash Bro character – full of green.

Ready Player Me is partnering with a handful of major brands to launch branded character skins using their IP. Some brands include Angry Birds, “The Voice”, and Warner Music Group.