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$SXP {spot}(SXPUSDT) SXP/USDT Technical Outlook – Bullish Breakout in Action! $SXP The SXP/USDT pair is on fire with a +15.47% surge, climbing to $0.3591 after an explosive rally! Buyers are driving the market with strong momentum, pushing the price close to the 24-hour high of $0.3632. However, the recent wick at the top suggests sellers are testing resistance. Key Levels to Watch: $SXP Support: $0.3100–$0.3200 (previous consolidation zone). $SXP Resistance: $0.3632 (current high) and psychological level at $0.3700. Entry Strategy: 1️⃣ Bullish Breakout: If the price breaks above $0.3632 with volume, a quick move toward $0.3700 or beyond could follow. 2️⃣ Pullback Opportunity: Look for entries near $0.3200 if the price retraces, as this is a strong support zone. The market is heating up, and this breakout could pave the way for further gains. Stay sharp and manage risk—volatility is high, but so is the potential! 🔥 #ATASurgeAnalysis #CryptoETFMania #GMTBurnVote #BitwiseBitcoinETF #Write2Earn$SXP

Pnut coin's current market performance is quite impressive, with an 8.50% increase in the last 24 hours, reaching a price of $0.5879. Its market cap stands at $587.78M, with a 24-hour trading volume of $105.57M. The coin's price has fluctuated between $0.5855 and $0.6461 in the last 24 hours, showing significant volatility. Looking at its key statistics, Pnut coin reached an all-time high of $2.47 on November 14, 2024, and an all-time low of $0.00001498 on October 31, 2024. The circulating supply is 999.85M PNUT, with a max supply of 1B PNUT. It's worth noting that a whale recently withdrew 10M PNUT from Binance, worth $6.1M, which is approximately 1% of the total token supply. This move has raised concerns about market sentiment and the potential for a price drop in PNUT tokens. However, despite this, Pnut coin still boasts over 80,000 on-chain holders and more than $12 million in locked liquidity, with listings on major exchanges like Binance and Coinbase ¹.

Ripple is currently experiencing a phase of low volatility, with its price fluctuating within the pivotal $2-$3 range. This consolidation period suggests market indecision, with a breakout likely to define XRP’s next mid-term trend. The Daily Chart $XRP price has recently been confined within the $2-$3 range, characterized by low volatility and muted trading activity. This consolidation reflects a cautious market state as participants await a definitive breakout to signal the next directional move. Currently, the cryptocurrency is anchored at the $2 support zone, a level bolstered by historical significance as a prior swing high and a concentration of demand. It is acting as a crucial barrier, halting further downside movement and keeping Ripple within its consolidation range. Adding to the bullish outlook, the RSI indicator has stabilized near 50, indicating equilibrium between buyers and sellers. This positioning creates a foundation for bullish momentum, with the potential for a breakout above the $3 resistance. If this materializes, Ripple could embark on a mid-term upward trend. The 4-Hour Chart On the 4-hour timeframe, Ripple has been fluctuating within a descending wedge pattern, a formation typically associated with bullish breakouts. The price is testing the wedge’s lower boundary near the critical $2 support zone, where heightened buying activity is expected. This zone is further reinforced by the significant 0.5 ($2)-0.618 ($1.9) Fibonacci retracement levels, underscoring its importance as a robust support area. In the mid-term, the cryptocurrency is expected to sustain its consolidation within the wedge while holding above these key Fibonacci levels. A bullish breakout above the wedge’s upper boundary could propel the price toward the $3 resistance, setting the stage for further advances. Conversely, failure to hold the $2 support may result in a bearish breakdown, potentially driving the price toward the $1.5 threshold, representing the next critical support level.

Although am bullish with the current move on BGB, but will it rise to $10 in the nearest 1yr ?

$BGB Bitget, a prominent cryptocurrency exchange, has announced a significant initiative to burn 800 million of its native tokens, BGB, effectively removing 40% of the total supply from circulation. This action, valued at over $5 billion based on current market prices, is part of Bitget's strategy to implement a deflationary model for BGB and enhance its utility within the ecosystem. Understanding Token Burns and Their Significance A token burn involves permanently removing a specific number of tokens from circulation by sending them to an irretrievable address. This process reduces the total supply of the token, which, according to economic principles, can lead to an increase in the token's value, assuming demand remains constant or increases. Implications of the BGB Token Burn 1. Supply Reduction: By eliminating 800 million BGB tokens, Bitget decreases the total supply, potentially increasing scarcity and value for existing token holders. 2. Enhanced Utility: Bitget plans to expand BGB's utility by merging it with the Bitget Wallet Token (BWB), creating a unified token for both centralized and decentralized ecosystems. This integration aims to provide users with benefits such as fee discounts, VIP privileges, and access to token farming through Launchpool. 3. Future Burns: Starting in 2025, Bitget intends to conduct quarterly burns, allocating 20% of profits from its exchange and wallet operations to buy back and burn additional BGB tokens. This ongoing commitment to reducing supply underscores Bitget's dedication to increasing token value and maintaining transparency with on-chain recording of all burn activities. Market Response Following the announcement, BGB experienced a significant price surge, reflecting positive market sentiment and increased demand. The token's value has risen over 100% in the past week, with trading volumes exceeding $600 million in the past 24 hours. Conclusion Bitget's $5 billion BGB token burn represents a strategic move to enhance the token's value and utility within the cryptocurrency ecosystem. By reducing supply and expanding use cases, Bitget aims to create a more robust and valuable token for its users. However, as with all cryptocurrency investments, it's essential for investors to conduct thorough research and consider market volatility when making investment decisions. $BGB