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Solana (SOL) Price Analysis: More Gains Possible Above $24

• Solana (SOL) price has started a decent increase above the $21.50 resistance against the US Dollar.
• There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair.
• The pair must clear $24.00 and $25.00 to continue higher in the near term.

Solana (SOL) Price Analysis

Solana price is trading above $22 against the US Dollar, similar to bitcoin. SOL could start a strong increase if it clears the $24 resistance level. There is a major bullish trend line forming with support near $22.30 on the 4-hours chart of the SOL/USD pair (data feed from Coinbase).

Price Increase Above $21

Solana price remained in a bullish zone above the $19.20 and $20 support levels. A base was formed and bulls took control, pushing prices up above the critical level of$21 to form an uptrending channel pattern over recent days and weeks.. A high was formed near$23 before there was a downside correction, but prices remain well supported at current levels by this channel pattern..

Resistance Levels

On the upside, an immediate resistance is near the$23 level, followed by another at around$24 . The next major resistance after that lies at around$25 . Any more gains beyond here could cause solana prices to accelerate even further higher in value over time..

Support Levels

On the downside, an initial support exists at around$22 . There is also a major bullish trend line forming with support near$22 .30 on 4-hour charts for SOL/USD pairs (data feed from Coinbase). A downside break below this level could push prices towards 50% Fib retracement level ofthe upward move from 18$.76 swing low to 23$.99 high..

Conclusion

Overall, Solana price must clear its resistances at 24$, 25$, and 26$.80 in order to continue heading upwards into profitable territory in thenear term future..

Tron Price Surges Above $0.065, Bullish Trend Emerges

• Tron (TRX) price started a fresh increase from the $0.055 level against the US Dollar and is now trading above $0.06 and the 55 simple moving average (4-hours).
• There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart that could continue to drive the price higher if it breaks past the $0.070 resistance zone.
• The next major resistance for TRX is near the $0.0700 level, and any more gains could push it towards $0.0720 or even higher towards $0.075.

Tron (TRX) Price Analysis

Tron price started a fresh increase from the $0.055 level against the US Dollar, moving into positive territory above the $0.060 zone. There was a break above a major bearish trend line with resistance near $0.066 on the 4-hours chart, allowing for further upside in TRX price if it clears past the key resistance at $0.070 area.

Technical Indicators

The MACD for TRX/USD is currently gaining momentum in bullish zone while RSI is hovering around 50 level, indicating no overbought or oversold conditions yet as of writing this article..

Key Support & Resistance Levels

The next major resistance for TRX is near the key psychological level of 0$.0700, and any more gains could push it towards 0$.0720 or even higher towards 0$.075 levels respectively . On downside , initial support can be seen around 0$.0660 followed by stronger one at 0$.0620 levels respectively .

Conclusion

Overall, Tron’s current outlook looks bullish as long as it stays above key support levels, however more gains are likely only when it breaches past 0$.070 area convincingly .

BTC Drops Below $23K, Could See Further Decline

• Bitcoin price started a fresh decline from the $24,000 zone against the US Dollar.
• There is a major bearish trend line forming with resistance near $22,500 on the 4-hours chart of the BTC/USD pair.
• The price could extend its decline towards the $21,500 and $21,000 levels.

Bitcoin Price Analysis

Bitcoin price started a fresh decline from the $24,000 resistance zone against the US Dollar. A high was formed near $23,999 before the price started a steady decline below $23,500 and $23,200 support levels. There was also a move below the $22,500 level and the 55 simple moving average (4-hours). The price traded as low as $21,851 and is currently consolidating losses.

Resistance Levels

An immediate resistance on the upside is near the $22,350 level. It is near the 23.6% Fib retracement level of the downward move from the $23,999 swing high to $21,851 low. There is also a key bearish trend line forming with resistance near $22,500 on the 4-hours chart of the BTC/USD pair. The next major resistance might near be around$22,900 zone which is near 50% Fib retracement level of downward move from swing high to low movement.. A clear move above this level might send bitcoin towards its next target at around$23200 followed by 24K mark..

Support Levels

On downside first major support lies at around 21K mark followed by 21.5K .. If there will be any more losses then it could even dive further to 20K mark.. Any more dips could lead to 20k mark being tested in no time..

Technical Indicators

Looking at technical indicators , MACD and RSI both are in bearish momentum suggesting that prices may fall further if current levels hold true..

Conclusion

Overall ,bitcoin prices are currently trading below 23k and 55 SMA(4 hours) on hourly charts.. Prices may extend their loses towards 21K or even 20k if current situation persists for some time . On Upside 22K will act as strong resistance followed by 22.9 and 23200 marks .

Kraken Closes UAE Offices: Crypto Exchange Loses Another Battle

• Kraken is closing its offices in Abu Dhabi (UAE) and suspending all support for customers in the Middle East.
• Kraken was one of the first major digital currency institutions to make its way to the UAE, but the crypto crash of 2022 affected virtually every major crypto enterprise.
• Gemini and Coinbase both had to undergo second series of layoffs, with 1,000 employees let go each. Sam Bankman-Fried’s FTX was also highly impacted by the crash and he is awaiting trial at his parents‘ California home.

Kraken Is Closing Its UAE Offices

A spokesperson for Kraken has released a statement that they are regularly reviewing their business lines in order to ensure resources are being employed globally and accelerating cryptocurrency adoption. As a result, they have decided to close their offices in Abu Dhabi located in the United Arab Emirates (UAE) and suspend all support for customers – both retail and institutional – in that region.

Kraken Was One of The First Major Digital Currency Institutions To Make Its Way To The UAE

The country has been on a mission to attract new digital currency companies from all over the world, with some success prior to the crypto crash of 2022 which affected virtually every single major crypto enterprise out there. This includes Gemini and Coinbase who were forced to recently undergo second series of layoffs with 1,000 employees let go each. Additionally Sam Bankman-Fried’s FTX saw significant losses due to this crash and he is now awaiting trial at his parents‘ California home after it was alleged that he used customer funds improperly.

Crypto Crash Of 2022 Affected Virtually Every Major Crypto Enterprise

The crypto crash of 2022 had an immense impact on many businesses around the world, particularly those operating within the cryptocurrency space such as Gemini and Coinbase who both underwent second rounds of layoffs resulting in thousands of employees being let go from each company respectively. In addition, Sam Bankman-Fried’s FTX experienced similar losses leading him into legal troubles – currently awaiting trial at his parents‘ California home due to allegations that he misused customer funds improperly.

Gemini And Coinbase Forced To Undergo Second Series Of Layoffs

As two of the largest digital trading platforms worldwide, Gemini and Coinbase were both significantly impacted by this crash leading them into having to perform another round of layoffs – letting go at least 1,000 employees from each company respectively. While these two enterprises have been able to recover somewhat since then; other smaller businesses such as Kraken have had no choice but close down completely or reduce their operations which is why they are now withdrawing from Abu Dhabi (located in UAE).

FTX Founder Awaiting Trial In California Home

Sam Bankman-Fried found success when his FTX venture first started back in 2019 becoming one of five largest digital currency trading firms across globe by time 2022 rolled around – praised as a genius with billions net worth before collapse occurred. Now he is facing legal issues after allegations emerged claiming misuse customer funds so currently awaiting trial at his parents‘ California home while hoping for better days ahead within industry once again soon enough

Crypto Firms Spend Record $22M on Lobbying in 2022

• The crypto industry set a record in 2022, spending $21.55 million on lobbying in Washington D.C., more than double the amount spent the previous year.
• Coinbase was the top spender, investing around $3.4 million in lobbying activities.
• Big technology and e-commerce companies such as Amazon, Alphabet, and FTX reclaimed political donations from their respective CEOs in 2020.

Record Crypto Lobbying Spending

The crypto industry set a new record in 2022 with regards to the amount spent on lobbying in Washington D.C., reaching a total of $21.55 million, which is more than double the amount spent the previous year ($8.29 million).

Top Spenders

Coinbase topped the list of major players spending money on lobbying activities, with an investment of around $3.4 million followed by Blockchain Association ($1.9 million), Crypto.com ($1.2 million), Binance Holdings ($1.1 million) and Ripple ($1 million). It is worth noting that these figures only account for direct lobbying expenses (not campaign contributions or election finance).

Big Technology & E-Commerce Companies

In comparison to large technology and e-commerce corporations such as Amazon and Alphabet who spent respectively $21.38 million and over $13 million on their lobbying activities last year, cryptocurrency firms are still spending less money overall on Washington influence campaigns despite the record breaking 2022 expenditure figures seen recently in this sector..

FTX Political Donations

Sam Bankman-Fried was among the most generous contributors to Joe Biden’s successful 2020 presidential campaign with roughly $40 million going towards PACs and campaigns – predominantly to Democratic Party candidates and incumbents..

Conclusion

Overall, it can be seen that significant progress has been made regarding political donations from cryptocurrency firms even though they still lag behind traditional corporate giants when it comes to overall expenditure amounts for lobbying activities in Washington D.C..

Terra: A New Danger Looms as Crypto Industry Struggles

• The collapse of the Terra ecosystem in May of last year has created a stir in the crypto industry, with a new debate brewing around Terra Classic (LUNC).
• Terra Classic is often referred to as a ‚meme chain‘, but its market valuation is now above $1 billion.
• Allnodes, a staking service located in Los Angeles, provided support for the network before and after its demise, and currently manages staking for almost a third of validators across the whole Terra Classic network.

Background on Terra Ecosystem Collapse

The $60 billion collapse of the Terra ecosystem in May of last year exposed holes in the crypto industry’s structure and set off a year of spiraling financial catastrophes that haven’t stopped since.

Terra Classic: Meme Chain or Financial Powerhouse?

Another debate is currently brewing where Terra formerly stood, possibly serving as a red flag for the overall crypto scene. The issue involves Terra Classic (LUNC), the Cosmos-based network that sprang from the defunct Terra environment, and Allnodes, a significant staking network that is now essential to Terra Classic’s functionality. In the larger crypto world, Terra Classic is frequently referred to as a „meme chain,“ which indicates that it isn’t taken very seriously. Members of the Terra community revived the network more out of an experimental novelty spirit than out of a sincere desire to re-establish the failed behemoth designed by current international wanted man Do Kwon. Despite its modest outlook, Terra Classic is no laughing matter financially. According to CoinGecko, LUNC regularly clears $100 million in daily trading activity, and its market valuation is now above $1 billion.

Proof-of-Stake Network

Like an expanding number of other blockchains, Terra Classic is a proof-of-stake network. Users that contribute LUNC to Terra Classic’s transaction validation process are rewarded with newly created LUNC as compensation. Additionally, much like with any other proof-of-stake network, anyone unable or unwilling to set up a Terra Classic validator node on their own can pay a third-party service to take care of the complex technical procedure. Although many of these third parties originally provided support for the thriving Terra staking ecosystem before its demise in May of last year, most major staking services left when Terras reputation became tarnished.

Allnodes Stays With The Network

Terra customers were still served by Allnodes both during and after Terras downfall; they are now managing staking for almost one third validators across all nodes within TERRA classic’s system . As TERRA fought its way back from oblivion ,Allnode rose with it .

Conclusion

The revival and maintenance of TERRA classic has been nothing less than phenomenal especially considering most people considered it only “a meme chain” when initially proposed . However ,the success story lies not only with those responsible for reviving this fading blockchain but also providing vital services such as ALLNODES who stayed loyal throughout .

IMX Price Prediction: Could It Reach $3.27 by 2025?

• IMX Price Performance: IMX is currently valued at USD 0.935382, with a market capitalization of USD 742,459,833 and has gone up 9.27% over the past 24-hour period.
• Future Predictions for Immutable X: The 2023 IMX price estimate predicts a large rise in the second half of the year, potentially reaching $1.40. By 2025, it is anticipated that IMX will trade with an average cost of $2.99 as well as a maximum market price of $3.27 due to new collaborations & projects.
• Investment Considerations: Before making any positive wagers, investors should wait and observe for the relative strength index to move out from the oversold segment.

IMX Price Performance

At this time, Immutable X (IMX) is valued at USD 0.935382 with a market capitalization of USD 742,459,833 and has gone up 9.27% over the past 24-hour period with a trading volume of $99,583,167 ranking 62nd among all cryptocurrencies.

2023 Price Estimate

The 2023 IMX price estimate predicts a large rise in the second half of the year without significant drops are anticipated and suggests that IMX could reach $1.40 if successful partnerships and developments continue to progress according to plan – although this goal may be aggressive it is doable in the short term and will be worth at least $1.12 by then end of 2023 if trends continue rising steadily in 2024..

Future Predictions for Immutable X

Immutable X forecasting has potential for growth in 2024 with cost estimated to soon rise to $2.34 due to upcoming updates on several new collaborations & projects as well as an expected minimum market price of $1.87 and average daily trading cost of $2.06 due turbulence within markets – meaning an even higher value can be reached by 2025 depending on whether or not market crashes occur which would affect this growth rate greatly..

Investment Considerations

Before making any positive wagers regarding IMX’s future success investors should wait & observe for its relative strength index to move out from its current oversold segment before deciding how much money they wish invest into it..

Conclusion

In conclusion whilst there is potential for great success when investing into Immutable X (IMX) investors should take caution when considering their investments as there is risk involved however with careful consideration these risks can be calculated and minimised – leading onto great returns on investment being achieved through wise decisions based off sound research being conducted beforehand..

Polygon Price Prediction: Bullish Trend to Push MATIC/USD to $1.20 and Beyond

• Polygon price prediction suggests the coin is ready to break into the upside, with the 9-day moving average remaining above the 21-day moving average.
• If the bulls maintain the upward trend, MATIC/USD may continue with the bullish movement which could take the coin to the resistance levels of $1.20, $1.30, and $1.40.
• The technical indicator Relative Strength Index (14) is moving above the 70-level with the signal line pointing to the north, suggesting bullish movement.

Polygon (MATIC) is experiencing a decent recovery in its price, as the coin approaches a major hurdle near $1.20. The Polygon price prediction is optimistic, as the 9-day moving average remains above the 21-day moving average. The coin is currently trading at $1.08, with a market cap of $9.4 billion. This places Polygon in the 10th position in the Coinmarketcap rankings. The technical indicator Relative Strength Index (14) is moving above the 70-level with the signal line pointing to the north, suggesting bullish movement.

The bulls are in control of the market and are attempting to break the upper boundary of the channel. However, due to a lack of buying power, the bulls may need to gather enough energy to push the coin to the upside. If the bulls can maintain the current upward trend, MATIC/USD may continue with the bullish movement which could take the coin to the resistance levels of $1.20, $1.30, and $1.40. On the other hand, any strong selling pressure could drag the price to the support levels of $0.90, $0.80, and $0.70.

Investors should exercise caution when investing in Polygon, as prices can be unpredictable. They should also take into consideration the current market conditions and do their own research before investing. With the current bullish outlook for Polygon, investors should be able to make informed decisions about their investments.

Crypto Market Slips Below $1 Trillion Mark, But Outlook Remains Positive

• Bitcoin’s price has slipped below the $21,000 level after a two-week run, causing the global crypto market’s total valuation to fall below the $1 trillion mark.
• This dip could be attributed to the US Department of Justice’s clampdown on Bitzlato, which was involved in money laundering activities.
• However, the crypto market has more positive news than negative, as recent policy decisions and inflation figures could help it get out of the ever-ending crypto winter.

The recent market dip of Bitcoin and other cryptocurrencies has caused a stir amongst the crypto investors and enthusiasts around the world. After a successful two-week run which saw Bitcoin rise almost 27%, the coin seems to have lost momentum in the last 24 hours and slipped below the $21,000 level. This has caused the global crypto market’s total valuation to once again fall below the $1 trillion level (at $996 billion).

The dip in prices has caused many investors to worry about their investments and predict a bull trap, which could bring huge losses to the investors who invested in the cryptocurrency in the past two weeks. However, this dip could be attributed to the US Department of Justice’s clampdown on Bitzlato, which was involved in money laundering activities. Moreover, the crypto market has more positive news than negative, as recent policy decisions and inflation figures could help it get out of the ever-ending crypto winter.

Recent reports of the Producer Price Index (PPI) have been beneficial to the crypto market, as the inflation figures have decreased significantly. This decrease in inflation, along with other positive policy decisions, could help the market to reach growth figures similar to post-2022. Moreover, the market is also being supported by the increasing institutional adoption of cryptocurrencies, which has caused many institutional investors to enter the crypto market.

Overall, it is too early to tell if the crypto market is headed for another bull run. However, the positive news in the market indicates that it has the potential to rise, provided that the market avoids any significant setbacks. It is thus important for investors to keep an eye on the market and make sure that their investments remain safe.

Play & Earn Crypto with Meta Masters Guild! Presale Closing Soon!

• Meta Masters Guild is an innovative play-to-earn mobile gaming organization that has already raised almost $600,000 in its second round of presale.
• The ultimate goal of the platform is to become the go-to app store for play-to-win mobile gamers and programmers.
• With a token price of $0.01 and the ultimate price set at $0.023, investors have an opportunity to become contributors to this endeavor by investing in the $MEMAG coin.

Meta Masters Guild is an innovative mobile gaming organization that has been designed to provide players with the opportunity to have fun and earn cryptocurrency at the same time. Based on the “play-to-earn” (P2E) model, Meta Masters Guild is the first mobile-centered gaming organization to use this type of business model.

Already, the platform has been met with great success. In 2023, the second round of the Meta Masters Guild presale has raised more than $600,000, with the token price having risen to $0.01. The presale consists of seven stages, with the ultimate price set at $0.023. This presents an opportunity for investors to become important contributors to the overall goal of the platform.

The ultimate goal of Meta Masters Guild is to become the go-to app store for play-to-win mobile gamers and programmers. To achieve this, the platform is making investments with their cryptocurrency wallets online. One such game, Meta Kart, is already far along in the development process.

Meta Masters Guild is offering a unique opportunity for gamers and investors alike. With a token price of $0.01 and the ultimate price set at $0.023, investors have an opportunity to become contributors to this endeavor by investing in the $MEMAG coin. For those interested in playing the game, Meta Kart will provide an immersive experience that allows users to have fun and earn cryptocurrency at the same time.

For users who are tired of the same old play-to-earn games, Meta Masters Guild is the perfect solution. With its innovative mobile-centered gaming platform, Meta Masters Guild provides a unique opportunity for gamers and investors to have fun and earn cryptocurrency. With its presale having raised more than $600,000 and the token price having risen to $0.01, the presale is closing soon, so now is the time for those interested to take advantage and join the Meta Masters Guild.