Ethereum/U.S.dollar(ETHUSD) Elliott Wave Technical Analysis 11 July 23
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By iamcryptic · Posted
Now that the airdrop trend has calmed down, I’ve been exploring liquidity mining opportunities in DeFi. One of my main challenges in this space has been liquidity management. Engaging in DeFi—whether through trading or investing—takes significant time and effort with no guaranteed returns. Although I'm still new to this, I’ve been looking into Quantlytica. Their aim is to revolutionize DeFi by breaking liquidity barriers, making it more accessible to everyone, regardless of expertise. Their native token, QTLY, is set to debut on Bitget spot soon, generating strong sentiment. I’m curious if any DeFi enthusiasts have leveraged their ecosystem and would appreciate your reviews. -
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By CryptoSaint · Posted
Tron (TRX) is showing bullish signs after breaking out of a falling wedge pattern, a bullish technical formation. Currently trading at $0.15407, TRX price is expected to push further upwards toward the $0.156 target, with the following key details: Price of TRX: $0.1541, up 1.12%. Bullish Breakout: The falling wedge breakout points toward further price appreciation. Support and Resistance Zones: Support Zone: Strong support between $0.152 and $0.153, providing a cushion in case of any pullbacks. Resistance Level: The next resistance is at $0.156, which needs to be broken for a further bullish continuation. SUN Token: Whale Activity and Market Impact In the past two hours, an anonymous whale sold $1 million worth of SUN tokens, causing the price to drop by 7.07%. Currently, SUN is trading at $0.02483, according to CoinMarketCap. Tron’s founder, Justin Sun, denied owning the whale address responsible for the sale, distancing himself from the market turbulence. While Bitcoin's recent performance shows renewed investor confidence, the market's response to CPI data and the upcoming FOMC decision will be crucial in shaping the next bullish or bearish trend. As for Tron (TRX), the current bullish structure may offer opportunities for further gains, with $0.156 as the key target to watch. Keep an eye on the broader crypto market for more volatility and updates in the coming day.
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