BNB$BNB moves high create a bullish momentum • Price | Analysis provider on Binance Square

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Bullish

BNB$BNB moves high create a bullish momentum 
• Price Rally: BNB has surged 8.19 % in 24 hours, reaching $888.67, driven by strong buy-side capital flows and bullish momentum.
#bnb  #HIGH  
BNB
899.67
+6.78%

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🚨NIGARIA🇳🇬 LAUNCHES CRYPTO CASH OUT SERVICES 🚨💯💯 RedotPay, in partnership with Ripple, has launched a crypto-to-Naira cash-out service in Nigeria. • Nigeria is the second-largest crypto economy globally, with a transaction value of approximately $59 billion between July 2023 and June 2024. • The Central Bank of Nigeria has reversed its 2021 ban on crypto, creating a more favorable regulatory environment. • High inflation and the depreciation of the Naira continue to fuel widespread crypto adoption in the country. Market Overview • Between July 2023 and June 2024, Nigeria processed approximately $59 billion in crypto transaction value, making it the second-largest crypto economy after India. • The number of active crypto users in Nigeria is projected to reach between 27 and 30 million by 2026, with an estimated 22 million people holding crypto by 2025. • The broader crypto market is currently in a state of "Fear," with the Fear & Greed Index at a value of 22 as of 2025-12-03. Core Driving Factors • The collaboration between RedotPay and Ripple to launch the "Send Crypto, Receive NGN" service is a major catalyst, allowing users to convert various cryptocurrencies directly into Nigerian Naira. • In December 2023, the Central Bank of Nigeria (CBN) lifted its 2021 ban that prohibited banks from servicing crypto companies, followed by a more structured regulatory framework. • The ongoing depreciation of the Nigerian Naira and high inflation rates are pushing the population towards cryptocurrencies, particularly stablecoins, as a hedge and a store of value. Market Strategy and Opportunities • With the proliferation of services, it is crucial for users to select reputable and secure platforms for cashing out crypto to minimize risks such as scams and delays. • Stablecoins account for 43% of retail transactions under $1 million, indicating their importance for hedging against the volatility of the local currency. #NigerianTraders #CryptoIn401k

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🚨⭕️$BTC BITCOIN CRASHES AMID JAPAN YIELD STOCK 🚨⭕️💯💯 Price Crash: Bitcoin plunged below $87,000, dropping over 4.5% as global markets reacted to macroeconomic pressures. • Technicals: Key support is testing the $84,800 level, with the monthly MACD flipping bearish for the first time in the current bull market. • Key Catalyst: A surge in Japanese bond yields to a 17-year high is triggering the unwinding of the yen carry trade, reducing global liquidity for risk assets. • Market Sentiment: Extreme fear has gripped the market, with the Fear & Greed Index falling to 16 and over $636 million in leveraged positions liquidated. Market Status • Bitcoin trades around $86,513, down 1.15% in 24 hours, after a sharp crash below $87,000. • The 24-hour trading volume is $83.1 billion, with a market capitalization of $1.72 trillion. • The downturn triggered over $636 million in leveraged long liquidations within 24 hours. • Market sentiment turned to "Extreme Fear," with the Fear & Greed Index falling to 16. Core Driving Factors • The main catalyst was a surge in Japanese government bond (JGB) yields to 17-year highs, driven by Bank of Japan signals of a potential December rate hike. • This potential rate hike is unwinding the "yen carry trade," where investors borrowed cheap yen for assets like Bitcoin, forcing sales and draining crypto market liquidity. • A fragile market with weak institutional demand worsened the sell-off, as U.S. spot Bitcoin ETFs saw a record $3.5 billion net outflow in November. • A general 'risk-off' mood, a Yearn Finance hack, and warnings from China's central bank compounded the sell-off. Technical Analysis & Trading Strategy • Bitcoin is testing critical support at $84,866; a break below could lead to a decline towards the $80,600 support zone. • Immediate resistance is near $87,800, and bulls need to push above the 20-day EMA (around $92,000) to signal a reversal. #BitcoinDunyamiz #bitcoin

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🚨⭕️$DOGE DOGE COIN SIGNAL MAJOR BREAKDOWN PATTERN 🚨⭕️ Price Action: Dogecoin is consolidating around $0.136 after a 4.9% 24-hour drop, forming a pennant pattern that signals a potential major breakout. • Technicals: The RSI is in the neutral-to-oversold territory (36-43), and the price is below key moving averages, indicating a bearish trend despite a potential short-term bounce. • Catalysts: Recent launches of spot Dogecoin ETFs by Grayscale and Bitwise, alongside its inclusion in Franklin Templeton's crypto ETF, signal growing institutional acceptance. • On-chain: While large-holder transactions have fallen 85% in two months, the total number of holders has surpassed 8.1 million, reflecting strong retail interest. Market Overview • Dogecoin (DOGE) trades around $0.1359, down 4.92% in 24 hours with $1.76B volume and a $20.6B market cap, ranking 9th. • Market sentiment is in "Extreme Fear" with the Fear & Greed Index at 16. • Recent liquidations totaled $10.08 million in DOGE positions over 24 hours, primarily impacting long traders. Technical Analysis & Trading Strategy • Dogecoin's price is in a tightening pennant formation on the 4-hour chart, signaling an imminent breakout near the $0.14 zone. • Support is at $0.1330-$0.1370; a break risks a drop to $0.1235. Resistance is at the $0.15 (20-day EMA) and $0.17 (50-day SMA). • Indicators like the RSI show oversold conditions but persistent negative momentum, with the price below key moving averages, confirming a bearish trend. • A breakout above $0.15 could target $0.17 and $0.20, while a breakdown below $0.13 signals a potential short opportunity.#doge #Doge🚀🚀🚀

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🚨ELON MUSK CALLED $BTC BITCOIN PHYSICS BASED CURRENCY 🚨💯💯💯 Price Correction: Bitcoin's price fell sharply to the mid-$80,000s, currently trading at $85,894.85, a 5.92% drop in 24 hours, driven by macro pressures. • Technical Outlook: Indicators are bearish, with price below key EMAs and a negative MACD. However, an RSI of 25.52 suggests the asset is in oversold territory. • Driving Factors: While Elon Musk's comments provide a bullish long-term narrative, the market is currently dominated by bearish catalysts, including surging Japanese bond yields and significant outflows from Bitcoin ETFs. Market Overview • Bitcoin is currently trading at $85,894.85, a 5.92% decrease over the last 24 hours, with a trading volume of approximately $43.7 billion. • The sharp price drop triggered cascading liquidations, with over $640 million in leveraged positions wiped out in the last 24 hours. • The Fear & Greed Index has fallen to 20, indicating "Extreme Fear" among market participants. • Spot Bitcoin ETFs experienced their second-largest monthly redemption on record in November, with $3.48 billion in net outflows. Core Driving Factors • The main catalyst for the sell-off is a spike in Japanese government bond yields to 17-year highs, tightening global liquidity and pressuring risk assets like Bitcoin. • Elon Musk described Bitcoin as a "fundamental physics-based currency," linking its value to energy costs and reinforcing its long-term narrative as a hard asset. • November saw significant outflows from spot Bitcoin ETFs, indicating a cooling of the strong institutional demand that propelled the market earlier in the year. Technical Analysis & Trading Strategy • Immediate support is the $85,000 zone, with a critical range at $82,000-$84,000. BTC must reclaim $88,000-$89,000 to stabilize, with major resistance at $92,100. • The price is below the 7, 25, and 99-day EMAs, confirming a strong downtrend, and the MACD is negative, reflecting persistent bearish momentum. #BTCRebound90kNext? #BTC86kJPShock

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