Market Analysis – November 1 USOil index remains in a long-term bearish trend, with a downward-sloping trendline defining the daily chart. Since 2023, the key demand zone at 67.970 has held firm, forming a descending triangle pattern. Recent price action saw a gap into this zone, prompting a bounce off the demand level as the […]
Market Analysis – October 30 The Gold market is very bullish during this season. The market has reached a new all-time high at 2790.0. The market structure is well aligned within a bullish wedge. The price action seems to show a continuing uptrend even within the high volatility. Gold key levels Demand Levels: 2673.0, 2531.0, […]
Stocks climbed Friday, driven by Amazon’s strong performance, which lifted major U.S. indexes despite a mixed jobs report. Wall Street’s anticipation of a potential interest rate cut next week bolstered investor sentiment, as the report showed weaker-than-expected employment figures with some unusual distortions. The S&P 500 gained 0.4%, recouping part of Thursday’s sharp decline, its […]
Crypto markets are closely watching this Friday’s Bitcoin options expiry, which has stirred anticipation of increased volatility. Approximately 28,000 Bitcoin options contracts, worth around $2 billion, will expire on Nov. 1, creating potential ripple effects on prices. This week’s expiry is more modest compared to last Friday’s, which saw more than twice the value of […]
Stacks (STX) is preparing for the Nakamoto upgrade, set for October 29, 2024. This significant upgrade aims to enhance transaction speed and scalability by enabling Stacks to process transactions independently of Bitcoin’s block intervals. As a Bitcoin layer-2 network, this change allows for rapid confirmations while maintaining Bitcoin’s high security standards. The Nakamoto update addresses […]
The stablecoin sector continues to grow stronger, with total market value hitting $173 billion in October 2024, according to CCData’s latest research report. This marks the thirteenth straight month of growth for these digital assets that maintain a steady value by being tied to traditional currencies like the US dollar. Tether (USDT), the market leader, […]
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Buyers are picking up speed SPONGE (SPONGEUSDT) Price Analysis – 01 November The resistance levels of $0.000136, $0.000196, and $0.000330 in SPONGEUSDT market might be the following goals if the $0.000081 level holds. The $0.000006 and $0.000004 support levels can be examined if the $0.000081 support level is breached below. SPONGEUSDT Market Key levels: Resistance […]
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Buyers’ pressure increase USDCHF Price Analysis – 01 November If the buying momentum can sustain over the $0.86 resistance level, the price can move above $0.87 and approach the $0.88 barrier levels. If sellers exert sufficient pressure, they can drive the price below $0.85 and into the $0.84 and $0.83 ranges. Key Levels: Resistance levels: […]
Observing the Tamadoge token price reveals an increase since the last analysis. Additionally, there are signs suggesting that price action may gain a significant boost at this point. Let’s examine the recent price developments in detail below. Key TAMA Statistics on November 1, 2024: TAMA Price: $0.0009470 Tamadoge Market Capitalization: $1.29M TAMA Circulating Supply: 1,417,967,390 […]
