Bitcoin / U.S. dollar(BTCUSD) Elliott Wave Technical Analysis 11 January 24
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By Muhaammaadd · Posted
With incredible performances and prices won last year, the stage is set for the return of the King’s Cup Global Invitational (KCGI) for its fifth consecutive year. According to the official announcement, the KCGI 2024 is set to be the most electrifying and competitive edition yet, with a staggering prize pool of up to $5 million up for grabs. The Derivatives Trading Tournament will start on June 7, kicking off a three-week adrenaline-fueled battle in the volatile realm of crypto derivatives. Coveted rewards include a luxury Ferrari 296, premium watches, and memorabilia signed by football legend Lionel Messi. The prize pool is dynamic, starting at a generous 100,000 USDT for 8,000 participants and can skyrocket to an impressive 5,000,000 USDT with over 200,000 traders joining the fray. Gracy Chen, Bitget’s Managing Director, expressed her enthusiasm for the upcoming tournament, stating, “KCGI is more than a trading tournament—it’s a festivity of the skill, commitment, and prowess of our worldwide trading community.” Since its inception, KCGI has evolved into one of the most prestigious trading tournaments in the cryptocurrency sector, attracting over 51,000 participants globally. Bitget noted that the event is a testament to its dedication to empowering traders and nurturing an inclusive trading ecosystem. -
By CryptoSaint · Posted
$LINK Bulls on Parade! 鏈 Price explodes 25% in 3 days, breaking above key support & trendline. Technicals screaming bullish (DMI crossover, RSI pump) Next stop: $20 & beyond? #LINK #Cryptocurrency #chainlink https://coinpedia.org/price-analysis/link-price-jumps-25-amidst-buying-spree-eyes-20-break/ -
By CryptoSaint · Posted
Shiba Inu (SHIB) has mirrored the broader market downturn, experiencing a 2.60% price drop in the last 24 hours. This decline coincides with a significant amount of SHIB being sold by investors. Data from Coinglass reveals a 4.89% decrease in SHIB's open interest, reaching $73.43 million. Additionally, derivatives volume has shrunk by 44.25% to $178.04 million. This data suggests reduced market activity and waning investor interest, contributing to the bearish sentiment surrounding SHIB. However, a silver lining exists. The token's Relative Strength Index (RSI) remains around 51, indicating that Shiba Inu stock is neither overbought nor oversold. If selling pressure subsides, SHIB's price trajectory could reverse. Looking towards the long term, the outlook for SHIB might be more optimistic. The Shiba Inu community has recently announced a series of upgrades designed to improve SHIB's tokenomics. These developments, coupled with a potential shift in market sentiment, could lead to a bullish trend for SHIB. In conclusion, while SHIB may experience short-term volatility, its future holds promise.
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