DXY analysis:
Dollar Index (DXY) is trading in a downtrend channel. The price is now near the resistance line and we expect a rejection from there. The support is 100.50-100.68 area and if DXY drops to this level then we see a good move in Bitcoin and other markets. If DXY breaks above the 102.50-102.65 area then we see a downtrend in BTC and all global markets.
Dollar Index (DXY) is trading in a downtrend channel. The price is now near the resistance line and we expect a rejection from there. The support is 100.50-100.68 area and if DXY drops to this level then we see a good move in Bitcoin and other markets. If DXY breaks above the 102.50-102.65 area then we see a downtrend in BTC and all global markets.
APE/USDT Technical Rally: From $1.70 Support to $10 Target: $APE
Current Price: $1.84
Oversold Indicator: In the oversold region, signaling possible upward momentum.
Strong Support: Found at $1.70, acting as a safeguard against sharp declines.
Long-Term Outlook: Consider accumulation for potential long-term gains
Entry Points:
Entry 1: Range of $1.80-$1.60 for a strategic market entry.
Entry 2: Risk-tolerant investors can explore $1.20-$1.00 for higher potential rewards.
Price Targets:
Target 1: Breakthrough of $4.50 resistance could drive price to $4.50
Target 2: Successful breach of $4.50 might propel APE towards $10 and $15
Be sure to conduct thorough research and practice risk management.
Current Price: $1.84
Oversold Indicator: In the oversold region, signaling possible upward momentum.
Strong Support: Found at $1.70, acting as a safeguard against sharp declines.
Long-Term Outlook: Consider accumulation for potential long-term gains
Entry Points:
Entry 1: Range of $1.80-$1.60 for a strategic market entry.
Entry 2: Risk-tolerant investors can explore $1.20-$1.00 for higher potential rewards.
Price Targets:
Target 1: Breakthrough of $4.50 resistance could drive price to $4.50
Target 2: Successful breach of $4.50 might propel APE towards $10 and $15
Be sure to conduct thorough research and practice risk management.
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⏰00:00 on August 10, 2023 to 23:59 on August 20, 2023 (UTC)
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Join KuCoin English Main and KuCoin 2nd Group for the latest events!
📣 Gate.io Startup Report ( July 01- July 30)
Category of Startup Projects Launched in July
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Category of Startup Projects Launched in July
💎GameFi: $AMC, $UNT, $WAGMIGAMES, $AIE, $SOPH, $GAYPEPE
💎DeFi: $HTM, $GOLC
💎Memecoin: $AGB, $PLANET
💎Platform: $MARO, $AURA, $GMMT
💎AI: $ACN, $MURATIAI
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MEXC Kickstarter - Vote to Win Free 50,000 Tether (USDT) Airdrops!
🔹Registration Eligibility: Hold at least 1,000 MX or more for 15 consecutive days before 2023-08-08 16:00 (UTC)
🔹Deposit & Withdrawal: Opened
🔹Voting Period: 2023-08-09 09:30 to 2023-08-10 09:20 (UTC)
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🔹Registration Eligibility: Hold at least 1,000 MX or more for 15 consecutive days before 2023-08-08 16:00 (UTC)
🔹Deposit & Withdrawal: Opened
🔹Voting Period: 2023-08-09 09:30 to 2023-08-10 09:20 (UTC)
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DAILY CRYPTOMARKET REVIEW
Total Market Capitalization: $1.23T (+2.04%)
BTC Price: $29,789 (+2.18%)
BTC Dominance: 47.1% (+0.10%)
Fear & Greed Index: 50 (Neutral)
Total Value Locked: $68.9B (+1.47%)
Total Market Capitalization: $1.23T (+2.04%)
BTC Price: $29,789 (+2.18%)
BTC Dominance: 47.1% (+0.10%)
Fear & Greed Index: 50 (Neutral)
Total Value Locked: $68.9B (+1.47%)
Top 5 Optimism Ecosystems Coins by Alt Rank: August 9th
Alt Rank is a unique measurement by LunarCRUSH.com, that combines actual altcoin price performance relative to Bitcoin and social activity indicators.
Alt Rank is a unique measurement by LunarCRUSH.com, that combines actual altcoin price performance relative to Bitcoin and social activity indicators.
BTC Analysis by Marco Polo 👑
As mentioned yesterday, a potential scenario before a significant downward movement could involve revisiting the highs🔼🔼🔼
📌However, it's still premature to conclude. Yesterday's minor upward shift appears to be a rebound from the resistance zone. Despite indications pointing towards a $31,800 price update📈
As mentioned yesterday, a potential scenario before a significant downward movement could involve revisiting the highs🔼🔼🔼
📌However, it's still premature to conclude. Yesterday's minor upward shift appears to be a rebound from the resistance zone. Despite indications pointing towards a $31,800 price update📈
API3 analysis:
Price is trading in a long falling wedge pattern. API3 was rejected from the resistance trendline and the price is now moving toward the support of the $0.85-$0.87 area. This is the zone for new entries. A break and daily candle close above the $1.45-$1.50 resistance area is bullish and break the falling wedge pattern.
Price is trading in a long falling wedge pattern. API3 was rejected from the resistance trendline and the price is now moving toward the support of the $0.85-$0.87 area. This is the zone for new entries. A break and daily candle close above the $1.45-$1.50 resistance area is bullish and break the falling wedge pattern.
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RBI POLICY UPDATE
Key Highlights :
RBI kept repo rate unchanged at 6.50%.
5 out of 6 members voted in favour of policy stance.
MPC to remain focused on withdrawal of accommodation.
Marginal Standing Facility stands at 6.75%.
Vegetable price shock may reverse quickly.
Committed to align inflation to 4.00% target.
Key Highlights :
RBI kept repo rate unchanged at 6.50%.
5 out of 6 members voted in favour of policy stance.
MPC to remain focused on withdrawal of accommodation.
Marginal Standing Facility stands at 6.75%.
Vegetable price shock may reverse quickly.
Committed to align inflation to 4.00% target.