The average purchase price of short-term holders dipped below slightly below $18000.

This level is key resistance level as they might sell at break-even. Flipping this level will be bullish

#Chainlink has been quietly building during this bear market.

💥As evidenced by the increasing number of active developers working on the #LINK project seen in the illustration.

💥Despite market uncertainty, the developer activity on #LINK remains strong

#Bitcoin is significantly undervalued based on its historical performance. This has only happened four times before in the entire history of Bitcoin

💥November 2011
💥January 2015
💥December 2018
💥March 2020

Today's Thoughts
43 out of 100 top global brands have already tippy-toed into web3, in loyalty and NFTs

BTCUSDT 2H

வார இறுதியில் ஆதரவு பகுதியில் பக்கவாட்டாக பிறகு. தற்போது BTC 17,270-17,420 என்ற எதிர்ப்பை நோக்கி செல்கிறது

நிராகரிப்பு இருந்தால் அந்த பகுதியை கண்காணிக்கவும்

🔸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