It’s still up for the week, blah blah blah, strength in the trend, sure. But let’s be real. It got rejected. Politely, but firmly. Like trying to return a slightly used sweater. And now there are signs that this could get… well, it could get ugly. Pretty, pretty, pretty ugly.
Popular crypto analyst Ali Martinez believes this correction might just be the best time to buy one of the top meme coins. Notably, PENGU has been forming a bullish flag channel on the 4-hour chart since August 9, a setup that often leads to major upward moves. It’s like the meme coin is taking a power nap before a big race! 😴💨
James Butterfill, the head of research at CoinShares, says it all started with the Fed’s “more restrictive” hints. Suddenly, everyone’s running for the hills. We’re talking a $2 billion exodus in the first part of the week. Sure, there was a little bounce back, but it wasn’t enough to stop the biggest single-week withdrawal since March. 🚀💥
Let’s schmooze with the experts, shall we?
The bounce from that strong confluence support, a lovely mix of 0.618 Fibonacci, point of control, and value area low, is basically a neon sign that says, “Bullish vibes only.”
It seems that stablecoins, those charming chameleons of the crypto jungle, are outpacing their lumbering cousins, Central Bank Digital Currencies (CBDCs). While CBDCs sit around like forgotten debutantes at a ball, stablecoins are busy stealing the spotlight. Governments? Oh, they’ve noticed. And they’re rather smitten.
According to crypto.news, Kaspa (KAS) is chilling at $0.08, down 13.9% this month and 43% from its year-to-date high. Its market cap? Shrunk from $3.9 billion to $2.3 billion. Brutal, but let’s focus on the glow-up, shall we? 💅
Launched in the humble year of 2013, $DOGE has ascended by a staggering 38,000%, now boasting a price of over $0.21 and a trading volume that reaches into the billions. Truly, Dogecoin embodies the eternal truth that even the humblest of beginnings can lead to monumental achievements. 📈
Our estimable detective division alleges that the crypto wallets associated with Mr. Han conducted more than 47 million USDT transactions in the first quarter of 2024. Such transactions involved gold in no less than thirty occasions, with each transaction luxuriating in a minimum of ten kilograms of the precious metal.
We’re super excited-like, “wow, someone get us a confetti cannon” excited-to announce this partnership with SBI, which has, like, over $200 billion in assets. Yeah, just a casual sum. Big things coming.
SBI Group and Chainlink are ready to take the digital world by storm…