The charts show the analysis of 1MBABYDOGE/USDC on a 4-hour timeframe, with indicators such as moving averages (MA), parabolic SAR, and MACD.
Here are some key points of the technical analysis:
1. Current Price and Recent Movement: • The current price is at 0.0032488, with a drop of -3.04% at the time captured. • There are signs of consolidation, with the price testing resistance and support at nearby levels. 2. Technical Indicators: • Moving Averages (MA): • Short-term (MA8 and MA20) show a bearish crossover, indicating a possible continuation of the downtrend. • Long-term averages (MA50 and MA100) are also above the price, reinforcing the selling pressure. • Parabolic SAR: • The SAR dots are above the candlesticks, indicating a continued downtrend. • MACD: • The MACD is negative and below the signal line, suggesting prevailing selling strength. • OBV (On-Balance Volume): • The OBV suggests a decrease in volume, possibly indicating less market participation at this time. 3. Volumes and Resistances: • Buying/selling volume seems stable, with visible resistance near 0.00345 and stronger support near 0.00320.
Conclusion: • The overall trend is down, but the price seems to be entering a consolidation phase. For entries, it is important to monitor the breakout of resistance (to confirm a rise) or support (to confirm a fall). Use stop loss and follow news related to the asset. #babydogecoin #BTC #ETH
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Binance Square is pleased to introduce the launch of a new campaign on the Task Center on the Binance App. Users can complete simple tasks daily to unlock a share of $5,000 in USDC token rewards and earn Binance Points.
Activity Period: 2024-12-19 06:00 (UTC) to 2024-12-25 06:00 (UTC)
All eligible users can complete each of the following tasks once every day during the Activity Period.
Tasks: 1. Check in to Binance Square daily.* 2. Create a post with at least 100 characters using the limited-time hashtag (e.g., $BTC) OR selected trading pair. 3. For new Square users who have never posted on Square before the Activity Period, their first post will count as double (i.e., 2 participations).
Notes: Limited-time hashtag and selected trading pair will be refreshed daily at 06:00 (UTC) and will run for 24 hours.
Completion of check-in AND creation of post (either with the hashtag OR the trading pair) counts as 1 participation. Users will need to complete both tasks within the 24-hour window for it to be counted as a valid entry.
Reward per Eligible Participant = Number of Tasks Completed / Total Number of Tasks Completed by All Participants * Reward Pool, capped at $10 per participant.
Terms & Conditions This Activity may not be available in your region. Eligible users must be logged in to their verified Binance accounts whilst completing tasks during the Activity Period in order for their entries to be counted as valid. Users will receive a share of the reward pool and Binance Points upon completion of tasks and will be able to redeem their voucher and Points via Profile > Rewards Hub. Token vouchers will be distributed within 21 working days after the campaign ends and expire 14 days after distribution. Points will expire on the last day of the same month a year later on a first-in, first-out basis. Illegally bulk registered accounts or sub-accounts shall not be eligible to participate or receive any rewards.