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Tamilnadu Crypto News
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JUST IN: #Binance agrees to pay $4.3 billion to settle case with US Government.
🆘BREAKING🆘

Richard Teng, Binance Formal
Global Head Of Regional
Markets Has Been Named
The New CEO Of Binance
- CZ
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Binance will delist the following tokens on December 07, 2023.

🔸 $BTS
🔸 $PERL
🔸 $TORN
🔸 $WTC
🚨🚨 JUST IN: 🇺🇸 SEC delays $1.5 trillion asset manager Franklin Templeton's spot #BitcoinETF application.
RVN analysis:

On the daily timeframe, there is a significant falling wedge pattern, and the price has already surpassed it. Currently, RVN is oscillating between the support and resistance areas. It is advisable to wait for a distinct breakout above the resistance area or a test of the support zone before considering new entries.

Support Area: $0.01570-$0.0164

Resistance Area: $0.0195-$0.0202
📊 Crypto Fear and Greed Index

🧭 Index Value : 72
😱 Sentiment : Greed
💰 BTC Price : $37808
#TRX / USDT : Chart Analysis

TF : 4h

Current Price : $0.1033

Trend : Uptrend , HHs & HLs structure formation above 200 Ema .

-Price respecting Trendline look for Long position near 200Ema .
-Anticipating a Bullish Momentum till $0.109 Level .

Plan :
-Entry : $0.1033
-Target : $0.1095
-SL : $0.0995
1⃣Hold 1,000 $MX
2⃣In the APP, go to #Kickstarter and #Launchpad
3⃣Quick Commit to grab them all!
tamilbtc.com/mexc
1. $ETH Staked Realized Price Breakout: The surge in Ethereum's value is attributed to a breakout in the realized price of staked ETH.

2. Deflationary Phenomenon Intensifies: Ethereum is experiencing an intensification of deflationary factors, contributing to its upward trajectory.

3. Grayscale Ethereum Trust Premium Gap Narrowing: The narrowing gap in the premium of Grayscale Ethereum Trust adds to the overall positive sentiment, influencing the rise of $ETH.
RDNT analysis:

Price is currently trading within a symmetric triangle pattern and has been rejected from the upper trendline. It is recommended to wait for a test of the support area before entering new positions.

Support Area: $0.23-$0.237

Resistance Area: $0.267-$0.272
The $45k Threshold: A Turning Point for Bitcoin's Medium-Term Investors

1. Significance of $45k:

The $45k mark is pivotal for Bitcoin, representing the cost basis for investors who acquired Bitcoin 2 to 3 years ago.

2. Investor Cohort Impact:

This cohort, holding 16% of the Bitcoin supply, plays a significant role in the market dynamics.

3. Realized Cap Impact:

Investors at the $45k threshold represent 33% of the Realized Cap, underscoring their influence on the market.

This convergence at $45k marks a crucial juncture for medium-term Bitcoin holders, shaping the narrative and potential future market trends.