Here's the analysis of #XRP :

#XRP is been rejected sharply from strong resistance level at $0.479 - $0.484 and dropped till major support area around $0.420 - $0.424. Daily TF and H4 Voth respecting this level, so most likely a decent pullback gonna come till $0.444 resistance. Alternatively, candle close below, will be our setup, in anticipation of down move.

#BITCOIN WEEKLY UPDATE :

#BITCOIN is been hodling the support from daily TF and kinda rejecting now. On Daily TF, price is just consolidating between $26,880 and $28,600. Expecting the market to break above this area but a break-below chances are pretty high as of now. If this weekly candle closes bearish, then we can see the next weekly candle following too.

#LTC dropped to the zone as mentioned, and took a bounce over there too. Price not testing the resistance area and building a fresh resistance too. A potential lower low is expected from here otherwise we can see this range to play.

#CPI Numbers Coming Today, High Volatility Expected 📊

All the timing are in EST

$17.7M #USD earned through transactions fees, in a single day by miners. Also, we can see, these massive fees hikes comes nearby the top of the market.

Here's the analysis of #GALA :

#GALA is been broken below the strong area and now testing it as resistance around $0.0312 - $0.0327. Price kinda rejecting now, but we've to wait for the candle to close. A rejection will push down the price till support zone around $0.0244 - $0.0256. Take it accordingly 📉

#Bitcoin jumped yesterday, due to #CPI Data out but made a immediate correction in move back to lower support zones around $26,900 - $27,000. Price Rejected sharply and kinda consolidation now. Overall, is a no trade range, so better wait for the market to clear the direction.

#SOL gave a small drop after breaking the triangle formation, near about 7.3% in our favor. Price already tapped the support near daily TF and kinda rejected strong. Move stops at Breakeven and wait for further down-move 📉

There're some rumours that #US Government selling publicly Siezed #Bitcoins.

As per Glassnode data, there isn't any change

What is Eater Address ?

An #Eater Address, also known as a Null Address or #Burn Address, refers to a specific address in a #cryptocurrency network that is designed to be non-spendable and devoid of any #private key ownership. Transactions sent to an Eater Address effectively result in the #permanent loss of those funds because there is no way to access or #retrieve them.

Purpose :

Coin Burning: #Projects or individuals may intentionally send coins or tokens to an Eater Address, effectively #removing them from #circulation and reducing the total supply. This can be done to create #scarcity or to symbolize the destruction of coins.

Placeholder Address: Some blockchain #protocols use Eater Addresses as placeholders or reserved addresses for certain #functionalities within the network. These addresses act as markers or #indicators without the ability to receive or control any #funds.

Testing and Debugging: Eater Addresses can be utilized during #software development, #testing, or #debugging processes. Transactions sent to these #addresses can help identify #potential issues or verify the behavior of the network without #risking the loss of actual funds.

#TVK/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 133-167-200-245 satoshi

Stop if 1D closes below 109 satoshi

#TVK/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $0.0361-0.0475-0.0635-0.0820

Stop if 1D close below $0.0291

#TVK looking ready for a ride again 🚀

You can buy it now if you missed quick gain from this gem last time ✌🏻

Here's the analysis of #FTM :

#FTM is been retested the major resistance level of $0.398 - $0.396 and rejected. Price is kinda confuses to moves any further, but overall expectations is to dip till major support zone of $0.325 - $0.334. You can take shorting opportunity on the retest near $0.38 and higher.

#BTC gave a clean break below of the zone and was price unable to hodl above it. Price reaching out the minor support area nearby $26,000. Can't anticipating any strong Bounce or reversal from there, so look for shorts in alts.

#BTC.D (#Bitcoin Dominance) is been given a break below of the consolidation range and moving alts, Technically altcoins should pump with that, but remember as we said, #BTC movement is also plays the important role. #Bitcoin also dumped with it and alts followed it, 47.5% and Lower support around 47% is the next area to reach on.

What is an Elastic Supply Token?


An #Elastic Supply Token, also known as a rebasing token or a #reflexive token, is a type of cryptocurrency whose supply adjusts or "#rebases" dynamically based on predefined rules or algorithms. The goal of an elastic supply token is to maintain a stable purchasing power or price stability over time.

Unlike traditional #cryptocurrencies with fixed supplies like #Bitcoin, which have a limited number of coins that will ever exist, elastic supply tokens have a flexible supply that can expand or #contract based on certain conditions. The supply adjustments are typically triggered periodically, often daily or even more frequently.

The rebasing mechanism of elastic supply tokens works as follows:

Price-based Rebase: The #supply adjustments are triggered by the token's price movements. When the token's price exceeds a certain threshold, the token supply expands, and when the price falls below that #threshold, the token supply contracts. This expansion and contraction aim to influence the #token's price towards a desired target.

Supply Expansion: When the token's price exceeds the threshold, new tokens are #minted and distributed proportionally among token holders, effectively increasing the #supply. This process is often referred to as a positive rebase.

Supply Contraction: Conversely, when the token's price falls below the threshold, a fraction of tokens is taken from holders' #balances to reduce the supply. This process is often referred to as a negative rebase.

The goal of an #elastic supply token is to maintain price stability or a specific price target by adjusting the token #supply based on market #demand. The supply adjustments aim to incentivize buying or selling #pressure to restore equilibrium and minimize price #volatility.

#Ampleforth (#AMPL) is one example of an #elastic supply token that utilizes a rebasing mechanism to achieve price stability. However, it's important to note that elastic supply #tokens can be complex and come with their own considerations and risks, so thorough #understanding and research are crucial before #engaging with them.

#ARB failed to perform the retest and did goes in our direction and break below the major support zone, which is now turned it into major resistance area. Potential all may come from here, try to stack position in LTF (Lower Time frame) with low risk.