Elon Pumps could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Elon Pumps (ELONPUMP), a new Solana memecoin that was launched today, is poised to explode over 19,000% in price in the coming days. This is because ELONPUMP is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Elon Pumps can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
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Bitcoin Price Eases Off Highs: Will Gains Be Cut Further?
Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains. Bitcoin is correcting gains from the $64,800 zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $62,450 support zone. Bitcoin Price Starts Pullback Bitcoin price extended its increase above the $63,500 level. BTC was able to clear the $63,800 and $64,200 resistance levels to move further into a positive zone. The bulls even pushed the price above the $64,500 level. A high was formed at $64,777 and the price is now correcting gains. There was a drop below the $64,000 and $63,500 support levels. The price dipped below the 61.8% Fib retracement level of the upward move from the $62,440 swing low to the $64,777 high. Bitcoin is now trading below $63,500 and the 100 hourly Simple moving average. It is also below the 76.4% Fib retracement level of the upward move from the $62,440 swing low to the $64,777 high. If there is a fresh increase, the price could face resistance near the $63,250 level. There is also a connecting bearish trend line forming with resistance at $63,240 on the hourly chart of the BTC/USD pair. The first key resistance is near the $63,500 level. A clear move above the $63,500 resistance might send the price higher. The next key resistance could be $64,200. A close above the $64,200 resistance might spark more upsides. In the stated case, the price could rise and test the $64,750 resistance. More Downsides In BTC? If Bitcoin fails to rise above the $63,500 resistance zone, it could continue to move down. Immediate support on the downside is near the $62,750 level. The first major support is $62,450. The next support is now near the $62,000 zone. Any more losses might send the price toward the $61,200 support in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $62,750, followed by $62,450. Major Resistance Levels – $63,500, and $64,200. CryptoIntelligence
BDAG Drops its Testnet! Ethereum Drops & Solana Wallet Gets Upgrade
BlockDAG’s $74.5M Presale Steals the Show as Ethereum Struggles and Solana Upgrades This week, the cryptocurrency market is bustling with pivotal updates that have both investors and developers on the edge of their seats. While Ethereum sees a notable downturn with its funding rate reaching an all-time low this year, CryptoIntelligence