Mudrex

Mudrex

TAO is currently in a significant downtrend, emerging as the biggest loser of the previous week with a substantial loss of 25.50%. This downtrend persists as TAO continues to establish new lower lows and lower highs in parallel. The support level at $430 has been breached by TAO, and the bearish momentum has even broken the long-term support at $400, which has...

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Bonk surged by an impressive 16.13%, outperforming amidst a predominantly bearish market. It reached a peak of $0.00002967 before undergoing a correction. Currently, Bonk is exhibiting a descending triangle pattern, characterized by lower highs and lower lows. It now hovers around the demand zone near the $0.00002285 mark, testing this crucial support level. A...

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In the past week, Akash Network has surged to the forefront of the market, claiming the title of the top gainer with an impressive 77.41% increase. After a notable correction, AKT experienced a sharp decline, finding support within the demand zone spanning from $2.3471 to $3.3737. Subsequently, a bullish accumulation ensued, propelling AKT to achieve a remarkable...

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Nervos Network (CKB) experienced a significant downturn of 15.45% this week following a surge to its all-time high of $0.038239. This decline coincided with the formation of a double bottom pattern, culminating in the breakout to this new ATH. In the preceding week, CKB encountered substantial price rejection, leading to a corrective phase. There's a growing...

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The BRC 20 token, Ordinals Protocol, registered as the most significant market decliner of the week with a precipitous drop of 39.80%. ORDI plummeted to a price low of $38.844, marking its nadir since the first week of December. Currently, ORDI is trading at $41.95, endeavoring to recuperate within a weak demand zone defined by the $38-$43 price range. Technical...

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In the context of the recent market downturn attributed to geopolitical conflicts and anticipatory adjustments prior to the cryptocurrency halving event, Ondo Finance emerged as the week's top performer with a commendable gain of 8.48%. ONDO's valuation peaked at $1.02638 before retracting to $0.79089, which has established itself as a robust support level....

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First Halving (November 28, 2012) : The reward dropped from 50 BTC to 25 BTC. In the following 12 months, the BTC price escalated from approximately $12 to $1,075, an increase of 8,858%. The inflation rate of Bitcoin decreased from 25.75% to 12% by January 2013. Second Halving (July 9, 2016) : The reward halved from 25 BTC to 12.5 BTC. Over the next year, the...

Mudrex

In the daily time frame, Bitcoin's price action is exhibiting consolidation within a defined range, marked by the formation of a triple top pattern. This pattern is typically recognized as a bearish reversal indicator, emerging after a sustained uptrend. The appearance of the triple top on Bitcoin's daily chart may signal a potential shift in market sentiment from...

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Currently, Bitcoin is exhibiting a pre-halving retracement, characterized by bearish signals and lateral market movements. A technical analysis of the weekly time frame reveals the formation of a Cup and Handle pattern in Bitcoin’s price chart. Traditionally, this pattern can precede further downward movements. Notably, there is robust support within the $60,000...

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Last week, RUNE experienced a significant 24.84% decline. Presently, it's entrenched in a downward parallel trend, with a potential regression to the $7.336 level, currently trading around a key support zone. If this support level is breached, we may anticipate a continuation of the downtrend. Short-term indicators, such as moving averages and oscillators, are...

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CORE experienced a remarkable surge of 235.90% following a prolonged accumulation period. Hitting a new peak of $4.1786, it's now undergoing profit booking, currently trading at $3.1281. In the short term, oscillators signal a sell, but moving averages indicate a robust buy. Looking at the monthly timeframe, all technical indicators strongly advocate for buying....

Mudrex Updated 

In the weekly timeframe, Bittensor (TAO) witnessed a modest decline of 2.81%. Presently, TAO is displaying a Cup and Handle pattern, with potential immediate support estimated around the $603 price level. Confirmation of this pattern is anticipated upon surpassing the $641 threshold, signaling a probable breakout towards the $690 target. Assessing technical...

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Internet Computer Protocol (ICP) has experienced a remarkable surge, peaking at $19.78, marking an impressive 72.64% increase. This rally commenced following the conclusion of its bearish trend, diverging from the $10.54 price point. Presently, the price is encountering resistance at $19.772, leading to sideways accumulation, with interim support identified at...

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Optimism (OP) is currently at a critical support level of $3. On the hourly timeframe, OP is showing a steep downward trend, indicating a bearish trajectory. While oscillators show a neutral stance on the daily and weekly charts, moving averages signal a significant sell-off. Optimism stands to benefit from Ethereum's Dencun Upgrade, which has notably reduced gas...

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Last week, Solana (SOL) saw a surge in popularity, with both SOL and its ecosystem, including meme tokens, delivering impressive returns to investors. SOL rose by 18.56% to reach $209.4, approaching its ambitious all-time high of $259.6. However, it is currently experiencing profit-taking and an overall market correction, finding support around the $168 range,...

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Shiba Inu is currently priced at $0.00003266, boasting a market cap of $19.28 billion and circulating supply of 589.29 trillion tokens. Over the last 24 hours, its value has dipped by -4.34%, and throughout the week, it's down by -13.37%. Reviewing the past week, SHIB experienced a breakout to $0.00004541, swiftly followed by a rejection. The RSI is now edging...

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Floki Inu is currently trading at $0.0002706, boasting a market cap of $2.58 billion and a circulating supply of 9.55 trillion tokens. Over the last 24 hours, its price has dipped by -3.56%, though it's seen a remarkable surge of +93.93% throughout the week. Examining the daily time frame reveals Floki Inu is presently undergoing profit booking. Following a climb...

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What is File Coin and why is it a hot topic? Filecoin is a decentralized, peer-to-peer digital storage marketplace leveraging blockchain technology, built on top of the InterPlanetary File System (IPFS). It enables users to rent unused hard disk space and earn FIL tokens. It functions as a decentralized storage network, allowing individuals to rent out storage...