On October 6, COINOTAG reported that Vitalik Buterin, the co-founder of Ethereum, has made a significant contribution of 100 ETH, approximately valued at $240,000, to support the legal defense fund
Macro economic analyst Raoul Pal just issued a dire warning to investors who are sitting on the sidelines. In a new YouTube video, the founder of Real Vision and Global Macro Investor says he believes fears of recession and rising inflation are way off the mark. Pal says governments are beginning to inject liquidity at The post You Will Go To The Poorhouse If You Listen To Doomsdayers, Warns Macro Millionaire Raoul Pal in Alert To Investors appeared first on The Daily Hodl .
POPCAT has achieved a remarkable milestone by surging past its all-time high of $1.0094, igniting excitement among traders and investors alike. This breakout signals a powerful bullish momentum, prompting a re-evaluation of the asset’s potential for further gains. As the market reacts to this significant price movement, understanding the underlying technical factors and market dynamics is crucial for forecasting future price action. In this technical breakdown, we will analyze the recent surge of POPCAT past its previous all-time high of $1.0094, focusing on the technical indicators and market conditions that have contributed to this breakout. By examining key support and resistance levels, as well as the potential for a continued bullish trajectory, we will assess the implications of this price action for traders and investors. Additionally, the article will explore potential scenarios for POPCAT’s price movement, providing insights into what to expect in the coming days and how market sentiment may influence future trends. Analyzing Technical Indicators After New Peak On the 4-hour chart, POPCAT has demonstrated impressive bullish momentum, breaking above both the 100-day Simple Moving Average (SMA) and its previous all-time high of $1.0094. Reaching a new all-time high marks a critical milestone for the meme coin, as it validates the positive trend and opens the door for potential new highs. An analysis of the 4-hour Relative Strength Index (RSI) reveals a renewed upward potential, as the RSI has climbed back to 68% after dipping to 45%. This upward shift indicates increasing buying pressure. If the RSI continues on this trajectory, it could signal more upside movements for POPCAT, paving the way for new highs, and reinforcing the bullish trend. Related Reading: POPCAT Jumps 20% As Whales Load Their Bags, Is A ‘Cat Season’ Ahead? Furthermore, the meme coin has fully positioned itself above the daily 100-day SMA, indicating a strong positive pressure after surpassing its all-time high of $1.0094. As the price breaks through previous resistance levels, it attracts more buyers, enhancing the likelihood of a sustained uptick and fortifying the overall optimistic outlook for POPCAT in the near term. Also, the RSI on the daily chart is currently at 74%, having previously dropped to 59%. An elevated RSI level implies that POPCAT is in overbought territory, reflecting strong buying pressure and heightened enthusiasm in the market. While such high readings may signal potential exhaustion in upbeat momentum, the lack of immediate indications for a pullback shows that bullish sentiment remains strong. Support And Resistance Levels: Navigating The New Terrain For POPCAT Support Levels: The immediate support level to watch is the $1.0094 mark, which may act as a psychological level for buyers. Should it fall below this range, the next significant support could be found around the $0.80 mark, serving as a strong base for possible rebounds. Related Reading: Analyst Warns Of A POPCAT Correction Following 230% Surge Resistance Levels: On the upside, the next resistance level can be anticipated at around $1.5, where sellers may emerge to take profits. If POPCAT manages to breach this level, it could lay the foundation for further gains, potentially targeting $2 and beyond. Featured image from YouTube, chart from Tradingview.com
The "LEGO Coin" token appeared on the toy manufacturer's homepage for roughly 75 minutes before being taken down, onlookers said.
Memecoin's latest surge and upside potential could be key for its short term.
Pepe October could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe October (PEPEOCTO), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because PEPEOCTO 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, Pepe October can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to
On October 6, 2023, in a significant move observed by market analysts, Ethereum whale vladilena.eth transferred 3,000 ETH to Binance, amounting to approximately $7.25 million. This action raises suspicions of
The crypto market is waiting for the US Consumer Price Index (CPI) data, which is scheduled to be released later this week. The data, crucial to understanding the inflationary pressure in the economy, would be closely watched by investors, especially after the gloomy US Job data weighed on market sentiment. The stronger-than-anticipated nonfarm payroll data The post US CPI In Focus After Jobs Data Dampens 50 BPS Fed Rate Cut Hopes appeared first on CoinGape .
David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more
Qubetics achieves a $1M milestone in its presale, signalling strong investor interest. Meanwhile, Zebec Protocol's market growth and Donald Trump's World Liberty Financial crypto project also capture headlines. The post Qubetics Hits 1M Dollar In Presale, While Zebec Protocol Grows In Market & Trump’s Crypto Platform Gaining Attention appeared first on TheCoinrise.com .