Behold, the Bollinger Bands, a technical indicator that, when narrowed, whispers of reduced volatility and the potential for a bullish breakout. A similar whisper turned into a roar in May, leading to a 200% short squeeze. The chart below tells a tale of narrowing bands, hinting at a possible surge. A drop below the double-bottom at $0.40, however, would silence these whispers.
âHey, You Guys Figure It Outâ
Bitcoin still gets all the headlines, but letâs be real: the cool kids are already moving their money into altcoins faster than you can say âblockchain.â Early birds are snapping up positions before the market decides to throw another one of its famous temper tantrums. Spoiler alert: they always do. đ
In a recent announcement, it was declared that the minimum and maximum funding rates for certain perpetual contracts shall resume according to the exchangeâs established adjustment process. This process, dear reader, is akin to the intricate dance of courtship, where adjustments are made with the utmost care to ensure the harmony of the market. đđş
Yet, dear readers, one must ponder: is there any kernel of truth hidden within this flamboyant assertion?
Four weeks they prattle on about, a rally of sixty percent! Sixty percent of almost nothing is stillâŚwell, almost nothing. This “open interest” â a fancy phrase for desperate gamblers throwing their last kopeks into the void â has reached a ârecord high.â A record high in foolish optimism, more like. They whisper of further increases. Let them whisper. đ
Now trading at price levels last seen in February, SOL is attracting renewed interest from traders and investors. However, on-chain data suggests not everyone is convinced the rally will last. What does this mean for the altcoin in the short term? đ¤
By ShayanMarkets
Enter Gaah, a crypto sage hiding behind a pseudonym, who reckons we ainât seen the top yet. âNot by a long shot,â they say, squinting at the charts like a farmer eyeing the horizon for rain. According to Gaah, the LTH Spent Output Profit Ratio (SOPR) is sizzling but hasnât hit the red-hot danger zone. Itâs like the marketâs got a fever, but itâs not quite burning upâyet. đĄď¸
The Zebec Network (ZBCN) has been having a little party, bumping its price up a smidge from yesterdayâs $0.0042 to, well, $0.0045. Itâs broken out of a price range thatâs been holding it captive for three weeks, which is a bit like escaping from a particularly boring garden shed. Theyâre calling it a âshift in market structureâ. Sounds ominous, doesn’t it? Apparently, itâs all very technical and involves âhigher highsâ and âhigher lowsâ. Honestly, itâs enough to give anyone a headache. đ¤