Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Top Crypto Investment – Whales’ Choice for Coins That Could Explode as the Market Finds Stability

As the crypto market steadies, major players are honing in on potential breakout coins. These digital assets are catching the attention of large investors known as "whales." This article explores the top coins poised for significant growth, based on the trends and moves in the market. Readers will discover which cryptocurrencies are primed for a surge. SUI Volatility: Short-Term Dip Amid Strong Half-Year Growth SUI saw a sharp decline over the past month with a 32.84% drop, while over the last six months it soared by 122.95%. Price swings imply a volatile course, reflecting a period of short-term weakness alongside a strong long-term rally. Recent performance highlights significant disparity between immediate negative momentum and extended growth. Trading now occurs between $2.11 and $3.83, with nearby resistance at $4.83 and solid support at $1.40. Bearish signals persist as momentum and oscillators lean negative, with a 42.26 RSI that does not signal strong buying pressure. Watching the support area and potential breakout above resistance could drive trading decisions as the market seeks a clearer trend. Avalanche Facing Key Levels Amid Recent Downturn Avalanche experienced a nearly 29% drop over the past month and about a 21% decline over the last six months. A one-week decrease of roughly 6% added to the downward momentum. Price moves have been choppy, indicating persistent weakness without any sudden recovery. Indicators have reflected negative momentum, pointing to continued bearish pressure. Current prices are trading between approximately $17 and $32, with a resistance level at $41 and a second barrier near $56. Bears seem to dominate, although the lack of a clear trend could allow for a bounce if buyers engage near the support at $11. Traders might consider strategies to capitalize on potential movements within these key levels. Stacks Shows Significant Declines in Recent Months Stacks dropped nearly 34% over the last month and faced a decline of almost 58% in the past six months. Weekly losses of about 8% highlight the ongoing downward trend. The price has oscillated within a narrow range from $0.58 to $1.21 during this time. Momentum and oscillator readings confirm sustained bearish activity, indicating ongoing pressure in recent periods. Current prices trade between $0.58 and $1.21 with immediate support near $0.32 and resistance around $1.60. Bearish forces currently dominate, with no clear upward trend in sight. Traders may consider buying near the support level while looking to short near the resistance, exercising caution in a market characterized by limited price movement. Arbitrum ARB: Bearish Retracement with Key Levels to Watch ARB prices dropped 26% in one month and fell nearly 29% over the last six months. The coin traded within a range of $0.297 to $0.599, demonstrating a consistent decline that signals fading buyer interest and increasing selling pressure. The current price is set between $0.297 and $0.599, with clear support at $0.17 and resistance near $0.78, followed by a second resistance at $1.08. Negative indicators and waning momentum show a market led by bears with no clear trend. Traders might consider waiting for a bounce at support before testing the resistance level for any signs of reversal. Conclusion SUI , AVAX , STX , and ARB have emerged as strong candidates favored by large investors. These coins are gaining attention due to their innovative features and potential for growth. As the market steadies, these coins may offer significant returns. Investors are watching them closely, reflecting a belief in their future performance. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. CoinTurk News

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California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market

A California man was sentenced to more than seven years behind bars on charges related to operating an underground drug-trafficking market powered by Bitcoin ( BTC ) transfers. Federal prosecutors say John Khuu illegally imported counterfeit pharmaceutical and MDMA pills from Germany and subsequently used dark web markets to distribute the illicit substances to customers across the US. Khuu, 29, was paid in Bitcoin and other crypto assets, which he and his co-conspirators exchanged for US currency that was then laundered and transmitted to dozens of different accounts. The California resident was indicted in May 2022 in the Eastern District of Texas and charged with conspiracy to commit money laundering. Three months later, Khuu was also indicted in the Northern District of California and charged with unlawful importation of a Schedule I controlled substance. He was arrested by agents in Garden Grove, California a few days after the second indictment. Khuu’s arrest was the result of “ Operation Crypto Runner ,” a multi-agency law enforcement effort that resulted in a batch of charges filed against 21 individuals for their alleged involvement in transnational money laundering networks. Last year, Khuu pled guilty to conspiracy to commit money laundering, conspiracy to operate an unlicensed money-transmitting business and importation of MDMA. This week, U.S. District Judge J. Campbell Barker sentenced him to 87 months in federal prison. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post California Man Sentenced to More Than Seven Years in Prison on Charges Related to Bitcoin-Facilitated Drug Market appeared first on The Daily Hodl . CoinTurk News