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๐ AAVE Analysis | 2-Day Timeframe โ๏ธ Current Analysis Price: $185 ๐นFirst Support: 162-175 ๐นSecond Support: 136-147 ๐ฏ Targets: 206.9 | 228.8 | 258
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I think ZEC is bullish like Bitcoin 2013๐๐๐๐ #BTC #CryptoAnalysis #Altcoins #Trading #zec #BinanceFeed #TechnicalAnalysis
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๐ JUP Analysis | 3-Day Timeframe ๐ป The overall structure of JUP remains bearish and is fluctuating below key resistances; therefore, potential upside moves until key resistances are broken are more of a corrective nature than a trend change. ๐ธ First Resistance | $0.23 โ $0.27 In this range, selling pressure is likely to be high and the trend will continue to be bearish until it consolidates above. ๐ธ Next Resistance | $0.38 โ $0.45 Important structural resistance; breaking and consolidating above it could be the first sign of a trend reversal. โ๏ธ Until the resistances are broken, JUP is in a bearish/corrective phase and the prevailing scenario is continued price weakness.
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๐Where did the recent Bitcoin drop come from? Contrary to what some people think, the recent Bitcoin price drop was not due to heavy selling in the spot market. The main reason was the liquidation of leveraged positions in the futures market. That is, traders who entered with high leverage, closed their positions with a price swing, which caused the chain selling pressure. So the real demand did not fall, but rather a structural delivery of excess leverage, clearing the market. ๐Usually after such liquidations, the market structure becomes healthier and ready for the next move.
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๐นHeavy outflows from Bitcoin and Ethereum ETFs | Inflows into Solana and Ripple! On December 15: ๐ดย Bitcoin: BTC spot ETFs saw outflows of $357.69 million. ๐ด Ethereum: ETH spot ETFs also saw outflows of $224.7 million. ๐ข In contrast, Solana and Ripple spot ETFs had a positive day, recording inflows of $3.6 million and $10.8 million, respectively.
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