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🔸There has been an increase in on-chain activity on the Solana blockchain, particularly in the use of non-fungible tokens (NFTs). This activity appears to be organic in nature, rather than being driven by external factors.
@nammacrypto @tamil_btc

Bitcoin broke the resistance area and we may see a possible retest of this zone before next move. The major resistance is $18,000 level and a break above this is extremely bullish. We will see continuation of upward movement in altcoins if BTC holds above $17,000 level.

🇺🇸 According to BlackRock, a recession, which is expected in the second half of the 2023 calendar year, is necessary.

According to the company's forecasts, in order to reach the estimated non-inflationary level of GDP by 2025, a fall in US GDP by 2% is necessary.

Crypto Total Mcap Update:

🔸The cryptocurrency market has recently seen an increase in value, with the total market capitalization rising from around $745 billion to test the resistance at the $844 billion level.
🔸Despite this increase, the market has remained relatively sideways and has not seen any significant trend in either direction.

TRADING TIP OF THE DAY

Trading local H&S (Head and Shoulders) Pullbacks:

1) Watch out for the patter in Lower Time Frames
2) Ladder in your position (Due to stop hunts)
3) First retests are generally stop hunts, and not reversals

Nammacrypto.com

🇺🇸 US Inflation Data Update.

US CPI inflation: 6.5%

Food inflation: 10.4%

Electricity inflation: 14.3%

Natural gas inflation: 19.3%

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