On September 1st, the World Liberty Financial (WLFI) token graced the trading floors of Binance, OKX, and Bybit, and lo, the Wall Street Journal reported that early market activity had bestowed a paper valuation of over $5 billion on the Trump family’s stake.
This long, winding ascension doth compel many a hopeful speculator to squint once more at the charts, where now doth appear a familiar technical masque-a setup promising a new fracas of rally, provided, of course, that one certain signal doth consent.
Now, let’s set the scene. At its high-flying, confetti-launching peak, WLFI was strutting around at over $0.30-ready to take on the world. But as it turned out, gravity (and probably a bad case of over-expectation) kicked in hard, sending the valuable digital token plummeting faster than a lead balloon. Before long, it withered away by a good 15% to 30%, settling down in the shabby neighborhood of $0.21 to $0.24. One might think the token had seen its reflection in the mirror and decided it was too homely for friendly company. 😱
CryptoQuant analyst CryptoOnchain whispers cryptically (pun intended) that Ethereum is flirting with resistance at $4,800 before retreating to the familiar embrace of the $4,300 region. Support near $4,000 remains stubbornly intact, like an old guard refusing to abandon their post. On-chain data reveals a curious phenomenon: ETH balances on exchanges such as Binance and OKX have plummeted to yearly lows. Could this be the calm before the storm-or just another act in the eternal circus of crypto?
Grab a coffee, because Wall Street and crypto are colliding once again. Gemini, the exchange founded by the Winklevoss twins, has officially launched its long-anticipated IPO, marking yet another test for a digital asset platform in public markets. 🚀
In a tweet, McGlone, with the precision of a naturalist cataloging the habits of some rare species, declares that the Bloomberg Galaxy Crypto Index and the S&P 500 have “flatlined against gold” these past eight years. Ah, the irony! While in dollars they swell like a summer storm, in gold’s steadfast gaze, they are but shadows, fleeting and insubstantial. 🌪️💸
According to the sacred scrolls of data, this golden crossover materialized when Bitcoin Cash’s nine-day moving average soared above the 26-day moving average-like a chubby child surpassing his peers at a pie-eating contest. 🍰 Such an occurrence, indeed, heralds bullish momentum, especially when coupled with a spike in trading volume, which can only be described as a hearty cheer from the market’s enthusiastic denizens.
The alchemists at Futian Investment Holding have transmuted 500 million yuan (≈$70 million) into a tokenized mirage, listed on Ethereum like a modern-day indulgence. Two-year maturity, 2.62% yield-because even in the People’s Republic, capitalism whispers sweetly through the blockchain. 🧾
Let us begin with the weekly chart, where XRP finds itself trapped between the mid-band at $2.60 and the upper cap at $3.40. It’s like being stuck in an elevator between floors-awkward, tense, and with no clear way out. Sellers are clearly the dominant force here, as the price remains stubbornly below the middle line. Closing above that pivot point? Ha! One might as well hope for rain in the Sahara. 🏜️