Category: AI

Dogecoin(DOGE)priceisshowingsignsofbullishmomentum,asrecenttechnicalindicatorspointtowardpotentialgains.TheIchimokuCloud,EMAlines,andDMIallsuggestpositivemovement,thoughthestrengthofthetrendisstilluncertain. Buyersaregainingcontrol,butthemomentumneedstostrengthentoconfirmasoliduptrend.TradersshouldwatchkeysupportandresistancelevelsforindicationsofwheretheDOGEpricemightheadnext. DOGEIchimokuCloudShowsaBullishSetting TheIchimokuCloudonthe4-hourchartshowsabullishsentiment,withDOGEtradingabovethegreenKumo.Thissuggestsstrongbuyercontrolandpositivemomentum. Thecloud’scurrentthicknessprovidesasolidsupportlevel,implyingthatanydownwardcorrectionsmaybelimitedunlessbearishpressureincreasessignificantly. DOGEIchimokuCloud.Source:TradingView TheTenkan-sen(redline)recentlycrossedabovetheKijun-sen(blueline),signalingshort-termstrengthandalikelycontinuationoftheuptrend. Additionally,theChikouSpan(greenline)ispositionedwellabovethepricecurve,furthersupportingthebullishoutlook.Tomaintainthispositivetrend,thepricemustremainabovethecloudwhiletheKumostaysgreen. DogecoinCurrentTrendisStillNotThatStrong TheDirectionalMovementIndex(DMI)chartforDogecoinshowsmixedsignalsregardingthestrengthofthecurrenttrend.TheyellowlinerepresentstheAverageDirectionalIndex(ADX),whichmeasurestrendstrength. Currently,theADXisbelow20,indicatingthatthereisnostrongtrendinplaceatthemoment.WhentheADXvalueislow,ittypicallymeansthatthemarketisrangingorlackingcleardirection. DOGEDMI.Source:TradingView Theblueline(+DI)andredline(-DI)representbuyingandsellingpressure,respectively.The+DIisslightlyabovethe-DI,indicatingthatbuyershaveaslightedgeoversellers.However,withbothlinesrelativelyclosetogether,thissuggeststhatthebuyingmomentumisnotoverwhelminglystrong. Forastrongersignal,awiderseparationbetween+DIand-DIwouldbeneeded,accompaniedbyanincreasingADXvalue,whichwouldconfirmasolidtrenddirectionforDOGE. DOGEPricePrediction:BiggestPriceSinceApril? TheEMAlinesonthe4-hourchartforDogecoinpricesuggestamixedtrendwithsomebullishsigns.ThepriceissittingaboveallEMAlines:thisalignmentgenerallyindicatesthattheshort-termtolong-termmomentumisinfavorofthebulls,suggestingupwardmovement. Asindicatedbytheredlines,immediatesupportisfoundaroundthe$0.11996and$0.10858levels.Theselevelshavepreviouslyactedasstrongzoneswherebuyerssteppedin. DOGEEMALinesandSupportandResistance.Source:TradingView Ontheupside,keyresistancelevelsareat$0.17526and$0.20355,highlightedbythebluelines.IftheuptrendcontinuesandDOGEcanriseto$0.175,thiswouldmeanapotential20%pricegrowth.Ariseuntil$0.20355wouldmeanthebiggestpriceforDOGEsinceApril. Breakingabovetheseresistancelevelswouldlikelyindicateacontinuationofthebullishtrend,whileafailuretodosocouldresultinapullbacktotestthesupportzones. beincrypto.com

Thisweek,thecentralizedexchanges’recordwasrelativelyhighintermsoftradingvolumes,withBinancemaintainingastrongleadinthissector.AccordingtothedatasharedbyPhoenix,theweeklytradingvolumewas$90.7Billion,makingBinancedominatethecryptocurrencymarket.ThistrendreflectsBinance’sstrongcustomerbaseanddiversetradingoptions,whichcontinuetodrawhightradingactivity. TOPCENTRALIZEDEXCHANGESBYWEEKLYTRADINGVOLUME#Binance#Cryptocom#Bybit#Coinbase#GateIo#OKX#HTX#MEXC#Upbitpic.twitter.com/bKuFbrspMP —PHOENIX–CryptoNews&Analytics(@pnxgrp)October28,2024 Crypto.comandBybitFollowBinanceCloselyinWeeklyVolumes Crypto.comandBybitmaintainedcompetitivepositionsinthecentralizedexchangelandscape,securingimpressiveweeklytradingvolumes.Crypto.comrecorded$28.9Billion,solidifyingitsplaceamongtopCEXplayers.Meanwhile,Bybitachievedaweeklyvolumeof$22.8Billion,reflectingitsappealamongactivetradersandexpandingmarketinfluence.Thishighlightsthestrongdemandfortrustedplatformsamongcryptousersglobally. Intotal,58activecentralizedexchangescontributetoarobust$193.17Billionweeklyvolume.Thisfigureindicatesthesustainedrelevanceandgrowingtransactionvolumeswithincentralizedplatformsdespitetheriseofdecentralizedfinance(DeFi).Additionally,thecumulativeactivityoftheseplatformsreflectsthebroadermarket’sappetiteforreliabletradingoptions,evenascompetitionintensifiesamongproviders. TheCEXtoDEXRatioShowstheStability Thecentralizedexchangetodecentralizedexchange(DEX)tradingvolumeratiostoodat14.18%.Thisratiosuggestsastablerelationshipbetweencentralizedanddecentralizedtradingenvironments,withCEXsmaintainingaclearlead. SignificantCEXssuchasCoinbase,Gate.io,OKX,HTX,MEXC,andUpbitcontributetothedynamictradingvolume.Coinbaserecorded$15.0Billion,whileGate.iosaw$13.4Billion,$1.26Billion,$1.37Billion,$1.25Billion,and$1.20Billion,respectively,indicatingahealthycompetitivelandscape.Thetradingactivitiesacrosstheseplatformsreflectuserconfidenceandastrongliquiditybase,whichareessentialforsmoothtransactionsinthecryptocurrencyspace. blockchainreporter.net

ThecryptocurrencymarketshowssignificantgainsonOctober28,2024.LeadingthewayisTroy($TROY),whichhassurgedby53.4%.Thissharpincreasecatchestheeyeofinvestors.AccordingtoPhoenix,acryptomediaoutlet,Troy’sgrowthreflectsstrongmarketinterest. DAILYGAINERS$TROY+53.4%$OLAS+25.8%$MPLX+22.6%$SXP+18.2%#API3+17.0%$ZEX+15.7%$ZEC+14.3%$WELL+13.6%$REEF+11.0%$DEAI+10.6%#dailygainerspic.twitter.com/1jYGiC5U5A —PHOENIX–CryptoNews&Analytics(@pnxgrp)October28,2024 Autonolas($OLAS)Jumps25.8%,Following$TROY AfterTroy,Autonolas($OLAS)hasincreasedby25.8%.Thisriseshowsanincreasinginterestindecentralisedtechnologies.Moreover,Metpalex($MPLX)hasrisento22.6%.Ithastheappearanceofgrowththatindicatesinvestorsarekeenonthefutureprospectsofthecompany. Second,thereisSLOARNetwork($SXP)whichisalsocreatingripples.Ithasclimbed18.2%.Thisincreaseshowsitsrelevanceintheconstantlychangingcryptoenvironment.API3($API3)istrailingbutstillontherisewith17.0%.ThisrisepointstothefactthatthereisgrowingimportanceofDecentralizedapplicationsorDapps. Additionally,thestockofZETAMarkethasrisentoby15.7%.Thismaybeattributedtoimprovedtradingvolumes.Zcash($ZEC)isnotfarbehindwitha14.3%increase.Theyremainpopularduetoitsemphasisontheprivacyoftheirusers. OverallBullishTrendinCryptoSignalsInvestmentOpportunities Moonwell($WELL)hasa13.6%rise.Suchariseindicatesincreasingconfidenceofinvestorsinthecoin.Reef($REEF)alsojoinstherallywitha11.0%increase.Itisstillfocusingontheliquiditysolutionswhichareinteresting. Lastbutnotleast,DEAI($DEAI)alsomadeagreatcontributionandrose10.6%.ThisgrowthmayindicatethatpeoplearethinkingaboutDeFiapplicationsagain. Overall,todaythedynamicsofallcryptocurrenciesareupward,indicatingabullishtrend.Theincreasesobservedarequitesignificantandpointtoincreasedinterestininvestmentsindecentralizedplatforms.Itispossiblethattheentiremarketenvironmentwillchangeastheseprojectsarefurtherelaborated. Lastly,thecryptocurrencymarketisstillactive,asperreportedbyPhoenix.Investorsmustalwaysbeonthelookoutfortrends.Withcontinuedgrowthremainingpossibleinthisindustry,itisalsoanexcitingtimeforthecryptocurrencycommunity.Ascompetitioninthemarketincreases,therearestillmanyopportunitiestoexpandthemarket,soitisinterestingtocontinuetofollowandtracknewdevelopments. blockchainreporter.net

TronplanstoupgradeUSDDinQ4,aimingtopositionitasaleadingdecentralizedstablecoinbackedbyTRX’s$16Bmarketcap. JustinSuntargetsa$3BmarketcapforUSDD,leveragingTron’sstrongliquidityandover$2Binannualon-chainrevenue. Tron’supgradedUSDDwillfocusontransparency,addingBitcoinascollateralandutilizingTRX’sstableperformance. Tron’sfounder,JustinSun,hasannouncedthatinQ4of2024,thenetwork’stopprioritywillbeupgradingUSDDstablecoin.Theannouncement,sharedonXSun,highlightsTron’sdeterminationtomakeUSDDthemarket’stopdecentralizedstablecoinbymarketcapitalizationandtradingvolume. InQ4,Tron\'stoppriorityisupgradingUSDDtopositionitasthedefinitivedecentralizedstablecoininthecryptomarket.Wehaveseveralpowerfulinitiativesplannedtomakethisareality. Sincetheinitiallaunch,Tron\'smarketcapandliquiditydepthhavesignificantly… —H.E.JustinSun🌞(hiring)(@justinsuntron)October27,2024 SunhighlightedthatTron’scurrentmarketcaphasexceeded$16billion,withover$200millioninliquiditydepth.HeemphasizedthatthesefactorscreateanidealtimingforUSDD’srelaunch.Tronanticipatesitsvaluationcouldriseto$30billion. AccordingtoSun,thiswouldallowthenetworktocomfortablysupportastablecoinwithamarketcapof$3billionwhilegeneratingreliableon-chainreturnsforTRXholders. USDDRelaunch:StrengtheningDecentralizedStablecoinMarket Tron’splantoupgradeUSDDaimstosolidifyitspositionasaprominentdecentralizedstablecoin.SunhighlightedthattheUSDDrelaunchwillprioritizetransparency,offeringfullvisibilityforrewardaccountsanddetailedissuanceparameters. HealsonotedthatTRXhasbeenstable,withno5%dailypullbacksforoverayear,provingitsreliabilityasUSDDcollateral.SunforecaststhatusingTRXascollateralwillgenerateanannualizedyieldofover10%. Additionally,Tron’s$2billionannualon-chainrevenueandtokenburnmechanismwillbolsterUDD’sgrowthandstability.Thisfinancialfoundationisexpectedtomeetmarketdemandforadecentralizedstablecoinwithamarketcapbetween$2and$3billion. CollateralSecurityandFutureDevelopments Sunacknowledgedtheconcernssurroundingdecentralizedstablecoins,particularlytheissueofcollateralsecurityduringmarketdownturns.Hereassuredthecommunitythattechnicalsafeguardshavebeenimplementedtopreventcascadingliquidations,thoughherefrainedfromdetailingthesemeasuresatthisstage.SpecificreleaseparametersfortheupgradedUSDDwillbeprovidedtoensuretransparencyandconfidenceinthesystem. SunalsorevealedplanstoincorporateBitcoinasadditionalcollateralforUSDD.USDTistheprimaryPSM(PegStabilityModule)directexchangechannelforthestablecoin.ThesedevelopmentsaimtobolsterUSDD’sroleintheDeFispace,supportedbyTron’sliquidityandmarketgrowth. cryptonewsland.com

Fantom(FTM)pricehasdisplayedadecisivebreakoutfromafallingchannelinabroadertimeframe.Ithasgainedaround30%afterthebreakout. TheFantompricetriggeredapullbackinthefirstweekofOctober.However,itcouldn’tremainbullishforlonger.Thetokenhasfacedresistancefromacrucialzoneof$0.800andwitnessedasteadyfall. However,thebearishtrendhashaltednearthelastswinglowandhasformedabullishcandlestick.Thepricewasnearthe200-dayexponentialmovingaverage(EMA),alsoasupportlevel. BuyinginFantomPriceOverWiderFrame Kris088(@saitokris088),acryptoanalyst,claimedthattheFTMcryptohasthepotentialtoperformpositively.Ithasformedaninvertedheadandshoulderpatternonaweeklytimeframe. Anyoneseeingthisforminghugeinvertedh&son1W?$FTM$Spic.twitter.com/GXUr6O7frg —kris088🆓️(@saitokris088)October26,2024 Thismayinvitebuyersandhelptopushthepricefurther.IftheFantompriceovercomesthe$0.800territory,itcouldgenerateastrongbuyingmomentum. CouldFTMPriceReclaim$1MarkbytheEndof2024? Fantomcryptowastradingat$0.643atpresstime.Thathasshownamildgainof0.34%overthepast24hours.Themarketcapitalizationwas$1.80Billion. The24-hourtradingvolumedroppedby56%to$88.06million.Itshowedthattheengagementofinvestorsandtradersisdecreasing.SinceAugust,theFantomcryptopricehasremainedbullishandhasmanagedtosustainthe200-dayEMA.Defendingthe200-daycouldbeasignofbuyers’domination. TrackallmarketsonTradingView BuyersmightplanlongpositionsiftheFantompricetakessupportonthe200-dayEMAandexceedsthe20-dayEMA.Supposethepricesustainsoverthe20-dayEMAandsurpassestherecenthigh,buyingcanbeseen.Here,asinglepushbybuyersmayliftthepricetothepsychologicallevelof$1. Alternatively,ifthepricestartstradingbelowthe200-dayEMA,thenbuyersmightpanic.TheFTMcryptomaysustainbelowthe200-dayEMA.Ifthishappens,sellersmaypullthepricetothestrongdemandzoneof$0.20. Turningtothetechnicalindicators,theRSIhaswitnessedarapidfallandhasreached44.ItwasbelowtheRSI-basedmovingaverageandheadingtowardtheoversoldzone. TheMACDhasgeneratedabearishcrossoverwiththeSignalline.However,itisholdingovertheZeroline.However,thehistogramshaveflippedtored,whichindicatesthebearishforecast. FantomPricePredictionBasedonTechnicalChart Fantompricehasdisplayedsignificantvolatility.Itsrecentbreakoutfromafallingchannelandsubsequentpricefluctuationsmarkedit.Whileitmanagedtogain30%post-breakout,currentresistanceatthe$0.800levelhashindereditsbullishmomentum. Thestabilizationnearthe200-dayEMAofferedaglimmerofhopeforbuyers.However,asustaineddropbelowthislevelcouldincreasesellingpressure.Thiscoulddrivethepricedownto$0.20. Thetechnicalindicatorssuggestcaution,astheRSIandMACDpointtowardsbearishsentiment.ForFTMtoreclaimthe$1markbytheendof2024,itmustmaintainsupportatthe200-dayEMA.Thetokenneedstoshowconsistentupwardmovementpastthe20-dayEMA. thecoinrepublic.com

Inastunningtradingachievement,ananonymouscryptotraderinvested$1,795togenerateamassive$873,000within2days.AsperLookonchain,apopularon-chainanalyticsplatform,thetraderleveragedthe$BANtokentocarryoutthesetimelytrades,resultinginahuge490xreturn.Theanalyticsprovidertooktosocialmediatodiscussthiseventindetail. Thisguyturned$1,795into$873Kinjust2days—a490xreturn! Everyonecouldlearnfromthistrader’ssellingstrategy:insteadofpanicsellingeverythingatonce,hegraduallysoldportionsaftereachsurgetoavoidmissingtherally. Heinitiallyspent10.2$SOL($1,795)…pic.twitter.com/bk9YjKfCmD —Lookonchain(@lookonchain)October27,2024 CryptoTraderSells$1,795in$BantoMake$873,000 Lookonchaindisclosedthatthedisciplinedsellingstrategyofthetraderledtoaremarkable$873,000fromjust$1,795.Thisdevelopmenthighlightsthepotentialofthevolatilecryptoworldwherepriceswildlyfluctuateinmoments.Ratherthansellingofftheholdingsthereoffollowingtheearlypricesurge,thetraderutilizedastrategy.Thus,thetradersoldtheholdingsinportions.Thiscapturedprofitsthroughoutseveralpricespikeswithoutlosingpotentialgains. Theinitialinvestmenttookintoaccount10.2$SOLtokenswithaworthofupto$1,795.Thetraderutilizedthesetokenstobuy36.27M$BAN.Justafterthismove,thepriceofthe$BANtokenjumped.Onthis,thetradersoldupto12Mtokens,earning$56,900.Irrespectiveoftheinitialprofit,thevalueof$BANsharplyplungedbyalmost90%.Thoughseveraltradersmighthaveliquidatedtheremainingholdingsoutofapanic,thistraderremainedcalm.Therespectivecrucialpatiencelevelservedasanessentialfactorforhissuccess. TheTraderAvoidsPanicSellingbyGraduallyOffloadingtheHoldingstoEnsureMassiveProfits Inthisrespect,thetraderkeptholdinghistokensduringthedownturn.Followingthat,whenanotherkeypricerallyoccurred,hestartedoffloadinggradualamountsafterthepricespikes.Hence,thetraderoptimizedhisprofitswithoutcompletelyleavingthepositionquiteearly.Withthesesubsequentjumps,heeffectivelysold6.13Mextra$Bancoinsforapproximately$80,700.Currently,thetraderisleftwith18.13Mtokens,equaling$734,000. blockchainreporter.net

TetherCEOPaoloArdoinorecentlydisclosedthatthecompanyholdsasignificantamountofBitcoinandgoldasreserveassetsforitsUSDTstablecoin. ThisrevelationcomesasTetherisalsoadvancingworkonanAIsoftwaredevelopmentkit(SDK). Tether’sUSDTBitcoinandGoldReserves OnOctober26,UQUIDCEOTranHungrevealeddetailsfromArdoino’spresentationattherecentLuganoPlanBevent,notingthatTethernowholds82,454BTCand42.3tonsofgoldaspartofitsreserves.ArdoinoconfirmedthisinasubsequentpostonX(formerlyTwitter). “SinceIseealotofconfusioninthisthread,letmeclarifythat:—Tetherhas~100BinUStreasuries.—Plusithas82k+BTCand48T+ofgold,”Ardoinostated. TetherBitcoinReserves.Source:Hung/X Thisnumbermarksastrongupwardtrendforthecompany.Initssecond-quarterattestationreport,Ardoinostatedthatthefirm’sBitcoinreserveswerearound80,000BTC.However,BitinfochartsdatashowsthatTether’spubliclyavailableBitcoinwallethadabalanceof75,354BTCasofpresstime. Overthelastyear,TetherhassteadilyincreaseditsBitcoinholdingsthroughquarterlypurchasesaspartofadiversificationstrategy.Meanwhile,thecompany’sreserveassetsincludenotonlyBitcoinbutalsosignificantholdingsingold,cashequivalents,andshort-termdeposits. AIDevelopmentInitiative Inadditiontoreservedisclosures,ArdoinoalsopreviewedTether’sforthcomingAIsoftwaredevelopmentkit(SDK),designedforlocal,privacy-focusedapplicationspoweredbypeer-to-peertechnology.TheSDKallowsdeveloperstowritecodeonceanddeployitacrossdiversedevices,frombudgetphonestoadvancedmainframesandevensmarthomesystems. TheSDKisalsomodular,supportingvariousmodels,includingMarianandLlama,andusesP2Pstructurestostoreweightsandfine-tuningdatasecurely.ArdoinonotedthatTetherplanstoopen-sourcetheSDKonceitundergoesfinaltesting,allowingbroaderaccesstothisinnovativetool. “Terher’sAISDKisextremelymodular,itusessupportsanymodel(Marian,Llama,…)andloads/storesweightsandfine-tuningdatainP2Pdatastructures.Opensourceoncebattletested,”Ardoinostated. Readmore:HowtoBuyandStoretheDifferentTypesofTether ThisinitiativealignswithTether’slatesteffortstoembracetheAIrevolution.Thecompany’snewAIdivisionaimstocreateopen-source,multimodalAImodelsthatcouldredefineindustrystandards.ThestablecoincompanywillbuildinnovativemodelsandexplorepartnershipsthatintegrateAIsolutionsintomarket-readyproducts,whileadvancingthescopeofopenAItechnology beincrypto.com

AwidelyfollowedcryptostrategistbelievesthatadecentralizedoraclerunningonEthereum(ETH)isgearingupforabigmarketreversal. AnalystMichaëlvandePoppetellshis733,600followersonthesocialmediaplatformXthathe’sbullishonChainlink(LINK). VandePoppepredictsthatLINK’simmediateresistancewillcrumbleifthealtcoinwitnessesanotherupsidemove. “IbelievethatLINKwillbebreakingoutinthenextonetotwoweeks. Anothertestof$13isgoingtobethetrigger–>$18next.” Source:MichaëlvandePoppe/X Attimeofwriting,LINKistradingfor$10.96. LookingatEthereumitself,VandePoppesharesachartsuggestingthatETHwillrallyabove$3,300ifitmanagestobreachakeyresistancelevel. “ETHbouncedupwards,andnowthemacroeconomicweeksarekickingin. Thequestionis:arewegoingtoseesomeupwardmomentumorwillitretest$2,000? Testing$2,750again=breakout.” Source:MichaëlvandePoppe/X Attimeofwriting,Ethereumisworth$2,479. Thelastaltcoinonthetrader’sradaristhenativeassetofthelayer-2solutionOptimism(OP).AccordingtoVandePoppe,OPisoneresistancelevelawayfromwitnessingabigbursttotheupside. “IthinknextweekwillbetheweekthattheETHecosystemwakesup. OPisdoinggreat,justconsolidating. Above$1.75=partytime.” Source:MichaëlvandePoppe/X Attimeofwriting,OPistradingfor$1.56. GeneratedImage:Midjourney dailyhodl.com

AsignificanttechnicaleventoccurredrecentlyforBitcoin:acrossoverbetweenthe50-dayand100-dayExponentialMovingAverages(EMAs).Despitenotbeingthewell-knowngoldencross—a50-daycrossingofthe200-dayEMA—thiscrossoverisnonethelesssignificant. Whenthe50-EMAcrossesabovethe100-EMA,itfrequentlyindicatesthatthemarketismovinginapositivedirectionandthattheassetsshort-termoutlookisimprovingrelativetoitsmedium-termtrend.Despitenothavingthesamehypeasagoldencross,thishiddencrossmaypromotebullishsentiment. Whenshort-termbuyinginterestsurpassesalonger-termtrend,suchcrossoverstypicallysignalachangeinmomentum.Traderssearchingforentrypointsduringperiodsofstrengtheningmaypaymoreattentiontothisshift.Bitcoinispresentlyholdinglevelsabovetheupperlimitofthepriordescendingpricechannel,whichhasnowturnedintosupportwhileconsolidatingaboveacriticalresistancelevelcloseto$65,000. AgradualmovetowardhighertargetscouldbesetinmotionifBitcoincanmaintainitspositionabovethisrange.ThepositivedevelopmentssurroundingBitcoinextendbeyonditstechnicalaspects.ThedemandforBitcoinETFsisgrowinginternationally,whichiscontributingtotheincreaseinmarketinterestindigitalassets.Institutions,bigholdersandindividualinvestorsarecloselymonitoringthesepossiblecatalystsastheyassesstheirmarketpositions. Therecent50-100EMAcrossoverindicatesincreasingbullishmomentuminthepricestructureofBitcoin,whichisasubtlebutencouragingsign.Thepricemayeventuallysupportamoresubstantialrallyandmoveclosertothenextimportantresistancelevelat$70,000ifBitcoinkeepsupthisupwardmomentumandtradingvolumerises. ShibaInugetsready Withmorepriceswingsoverthelastday,ShibaInuisexhibitingsymptomsofapossiblevolatilityexplosion.Theconvergenceofcriticalmovingaverages,atechnicalconfigurationthatfrequentlypredictsupcomingpricechanges,maybeconnectedtothisvolatilityspike. ThepriceofSHIBiscurrentlynegotiatinganareawheretheExponentialMovingAveragesfor50,100and200daysaregettingcloser.Thesemovingaveragesusuallysignalatighteningofthepriceactionwhentheyconverge,whichmayserveasapressurepointforabreakoutorabreakdown. ThisconvergenceactsasacrucialsignalforSHIBandmaypresageeitherasignificantretracementoranotherrally.Bullsappearkeentosustaintheupwardmomentumasthepricehasbeendrivenhigherbyrecentbuyinginterest.Butifbuyerslosesteam,theEMAsconvergenceclosetothecurrentpricelevelincreasesthechanceofapullback. Pressureisincreasedbythefactthatthecryptocurrencymarketasawholeisshowingconflictingsentimentwithsomeassetsrisingwhileothersfinditdifficulttoholdontogains.Becauseofitshighdegreeofvolatility,SHIB\'spricemaybemoreaffectedbyanychangesinthemarketasawhole. Withthepricezonesof$0.000017and$0.0000163servingasimmediatefallbackpoints,apossibleretracemightforceSHIBtowardlowersupportlevels.Conversely,ifSHIBisabletosustainitspresentstrengthandovercomeresistance,itmayattempttoreachpriorhighs,albeitwithsubstantialopposition. Solananeedsthisspike AmazinglyresilientSolanahasbeenrisingsteadilyandgettingclosertothecrucial$200mark.SOLappearseagertoreach$200asitsnextsignificanttargetafterbreakingthroughthe$160resistance.Sincetheassethasstruggledtoregainthisterritorysinceitslastpeak,thismilestoneismorethanjustsymbolic;itrepresentsasignificantpsychologicalandtechnicallevel. BasedonananalysisofSOL\'srecentpriceaction,theupwardmomentumappearstobeunabated,supportedbytherecentbreakthroughofimportantresistancelevelsat$150and$160.AlthoughSolana\'srecentbullishpushsuggeststhatthemarketisbecomingstronger,theseareasservedasformidablebarriersforweeks. Nevertheless,therewillbedifficultiesinreaching$200.AnumberofsignificantobstaclescouldimpedeSOL\'sgrowth.Theimmediatebarrierwherehistoricalpriceactionindicatessignificantsellingpressureisthe$185level;$200wouldbewithinreachiftherewasaclearbreakabovethisresistance,butbullswouldneedtomaintainvolumeandbuyinginteresttoprevail. Anotherencouragingfactoristheconvergenceofmovingaverages,especiallythe50-dayand100-dayEMAs,belowthecurrentpricelevel.Abasehasbeencreatedbythisalignment,enablingSOLtogainstrengthandpossiblybreakthroughoverheadobstacles. u.today

TheTerraClassiccommunityisvotingonaproposaltoreduceusers’networkcosts.Thecodebasecurrentlydeploysforkedversions,whichincreasestotalmaintenancecostsandmissedupstreamimprovements.TheTerracommunitylaudedthemove,withamajoritysignalingacceptanceamidsettingsightsonmarketgains. OrbitLabsProposesVote AnewproposalfromOrbitLabsseekstotweakthenetworkbyremovingforkedmainlinemodules.Accordingtotherelease,thiswillreducecostanddebt,improvesustainability,andenhancesecurity.Whilethepresentmodelincreasescosts,thisproposalwillintegratestandardupstreammodulesandportTerraClassicchangestotheTerradmodule. “BydivergingfromthemainlineCosmosSDKandrelatedmodules,TerraClassicrisksfallingbehindinadoptingkeyenhancementsandnewfeaturesdevelopedbythebroaderCosmoscommunity.ThiscanlimitTerraClassic’scompetitivenessandmakeitmoredifficulttointegratefuturetechnologies,upgrades,performanceimprovements,andotherinnovations.” Theproposedsolutionwillbeconcludedintwophases.ThefirstphasewillincludetheUnforkofCometBFTtothemainlineversionalongsideanupdateofCosmosSDK.Subsequently,themigrationcompatiblewiththeCometBFTwillbeengaged.Beforephasetwo,thestakelogicandoraclewouldbemovedtoTerradwhileensuringthenetwork’soraclefunctionalityisintact. PhasetwoinvolvesmigratingWasmdtoitsmainline,migratingthesmartcontractstore,andperformingothertests.Asnapshottestwillmarkthefinalstepofthewholeproceduretoascertainrollbackprocedures. CommunityBacksProposal Atpresstime,99%ofvotershadsupportedthemove,asusersanticipatedlowerfees.Theteamwillalsogiveperiodicupdatesontheimplementationprocess.Thisyear,thenetworkhaspassedseveralcommunityvotesandupdatesandislookingtogaintractioninthecomingmonths.Thebudgetforthisupgradewilltotal$36,000;thefirstphasewillcost$16,000,whilephasetwowillcost$20,000. Onsocialmediaspaces,LUNCholdershavetippedtheupdatetooccasiontheneedfortheplatform’son-chaindevelopment. “Improvedmaintainabilityandreducedtechnicaldebt EasieradoptionoffutureCosmosSDKupdatesImprovedsecuritythroughfasterimplementationofupstreamfixesImprovedinteroperabilitywithotherCosmos-basedchainsPotentialtoattractmoreCosmosdeveloperstotheTerraClassicecosystem,”theproposalreads. zycrypto.com