People generally respond quickly to shifts in the crypto market, either by capitalizing on lower prices or by keeping up with new trends. This quick reaction is shown in the recent increase in Shiba Inu whale activity, with a significant movement of 2.79 trillion SHIB tokens valued at $76.48 million. Similarly, the Polkadot price outlook appears positive, with predictions of an increase to $30 following a breakout from a long-term downtrend. In this context, BlockDAG’s nearly concluded $1 million giveaway is gaining traction, providing an attractive chance for BlockDAG (BDAG) holders. By possessing $100 worth of BDAG, 50 fortunate individuals will win $20,000 each. This event is contributing to the success of BlockDAG’s $170.5 million presale, positioning it among the key crypto coins to watch currently. Shiba Inu Whale Activity Escalates with 2.79T SHIB Transferred Recent figures show a spike in Shiba Inu whale activity, with 2.79 trillion SHIB tokens moved, totaling $76.48 million. This represents a 41.39% rise in substantial transactions, suggesting a heightened interest from significant holders. Despite this increase, the price of SHIB is still struggling, decreasing by 3.49% to $0.00002736 over the last day. The trading volume has also seen a reduction of 18.25%, indicating a drop in overall market participation. Moreover, the token faces hurdles in surpassing a critical resistance level at $0.00003, crucial for any potential price recovery. Without a consistent positive outlook or broader market support, SHIB may face continued challenges. For now, it remains a crypto coin to watch, as its recovery hinges on overcoming these obstacles. Polkadot Price Outlook: Analysts Forecast $30 Polkadot is showing signs of recovery, with forecasts suggesting a possible rise to $30 after emerging from a prolonged bearish phase. This optimistic view follows a 150% surge from a price range of $4–$5, fueled by robust accumulation through its downturn. Yet, challenges remain. The current price is encountering resistance near the $9 mark, and failing to break through this barrier could restrict further advances. Market volatility also poses a risk to maintaining recent gains, casting uncertainty on continued growth. Despite these concerns, the Polkadot price outlook is still tentatively hopeful, with signs of stability as it tests its breakout zone. Final Days to Win Big with BlockDAG’s $1M Event BlockDAG is turning heads in the cryptocurrency market with its $1 million giveaway , where 50 lucky people could each win $20,000. To be eligible, one needs to own at least $100 worth of BDAG. The stakes are higher as participants can increase their chances by engaging in activities like referring friends and promoting the event on social media. With only three days remaining, time is quickly running out to take part in this opportunity. The event has also sparked a lot of interest in BlockDAG’s ongoing presale, which has already gathered a formidable $170.5 million, making it a hot topic in the crypto community. The price of BDAG has skyrocketed by 2240%, starting at $0.001 and reaching $0.0234 in the latest release, batch 26. This sharp increase has drawn significant attention, further enhancing the presale’s success. As the giveaway nears its end, more people are getting involved, seeing the potential for substantial rewards and the rising value of BDAG. With the presale moving swiftly and the $1 million prize drawing attention, BlockDAG’s presence in the market continues to grow. For those interested in joining and possibly winning part of this grand prize, now is the ideal time, especially with BDAG still being quite affordable. However, this opportunity might not last as the current batch is almost sold out, and the next batch will likely see a price hike. Key Crypto Coins to Keep an Eye On With Shiba Inu whale activity intensifying, marked by 2.79 trillion tokens being moved, and the Polkadot price outlook possibly climbing to $30, the crypto market is showing interesting shifts. Yet, BlockDAG stands out with its $1 million giveaway and rapid price increase. This giveaway is a chance for 50 individuals to win $20,000 each by simply holding $100 in BDAG, contributing to both the growth of its presale and increased market interest. With over $170.5 million raised and a remarkable 2240% increase in price, BlockDAG is quickly becoming one of the top crypto coins to watch now. Presale: https://purchase.blockdag.network Website: https://blockdag.network Telegram: https://t.me/blockDAGnetworkOfficial Discord: https://discord.gg/Q7BxghMVyu Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here .
NullTx
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Source: NullTx
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.
Ethereum Price Back In The Red: A Deeper Drop Ahead?
Ethereum price extended losses and dropped below the $3,550 zone. ETH is showing bearish signs and might decline further below the $3,150 level. Ethereum started a fresh decline below the $3,550 zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $3,550 support zone. Ethereum Price Drops Below $3,550 Ethereum price struggled to start a fresh increase above the $3,550 level and extended losses like Bitcoin . ETH gained bearish momentum below the $3,450 level and traded below $3,300. It even dived below $3,220 and spiked below the $3,120 level. A low was formed at $3,100 and the price is now consolidating losses . There was a close below the 50% Fib retracement level of the recovery wave from the $3,100 swing low to the $3,553 high. Ethereum price is now trading below $3,500 and the 100-hourly Simple Moving Average. There is also a key bearish trend line forming with resistance at $3,420 on the hourly chart of ETH/USD. The pair is now testing the 76.4% Fib retracement level of the recovery wave from the $3,100 swing low to the $3,553 high. On the upside, the price seems to be facing hurdles near the $3,350 level. The first major resistance is near the $3,400 level. The main resistance is now forming near $3,420. A clear move above the $3,420 resistance might send the price toward the $3,500 resistance. An upside break above the $3,500 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $3,550 resistance zone or even $3,650. More Losses In ETH? If Ethereum fails to clear the $3,420 resistance, it could continue to move down. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,120 zone. A clear move below the $3,120 support might push the price toward the $3,050 support. Any more losses might send the price toward the $3,000 support level in the near term. The next key support sits at $2,880. Technical Indicators Hourly MACD – The MACD for ETH/USD is gaining momentum in the bearish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 zone. Major Support Level – $3,120 Major Resistance Level – $3,420 NullTx
Cryptocurrency Market Update: Bitcoin Dips Below $94,000, Ethereum Falls Under $3,225, XRP Slips Below $2.15
Bitcoin Drops Below $94,000, Ethereum Falls Below $3,225, XRP Slips Below $2.15 ————— ????Coin: Bitcoin ( $BTC ) $93,912.50 Ethereum ( $ETH ) $3,225.01 XRP ( $XRP ) $2.15 ————— NullTx