🪙 Bitcoin Dominance Slips to 53%: Time to Bet on Altcoins?

🥇 Bitcoin's Struggles Continue
Bitcoin [BTC] has been facing a tough time, with its price struggling below $60k. But it's not just the price that's causing concern; BTC's dominance in the market is also slipping.

🔶 A Declining Trend
Data from CoinStats shows that Bitcoin dominance has been on a downward trend, currently sitting at 53%. This drop is significant and could indicate a shift towards altcoins.

☄️ A Warning from the Charts
Crypto analyst Sensei points out that BTC's dominance has fallen below a crucial support level, hinting at further price drops. The Relative Strength Index (RSI) also paints a bearish picture.

🐻 Bearish or Bullish?
While this may seem bearish, history tells us a different story. A similar decline in BTC's RSI last year marked the market bottom and led to a bull rally.

💡 Market Bottom in Sight?
Glassnode's data suggests that BTC's possible market bottom was around $63k, well above the current price of $54,706.58. This could mean that further downside is limited.

⬆️ A Marginal Recovery
After a week of correction, Bitcoin managed to push its price up slightly in the last 24 hours. This could be a positive sign for investors.

➡️ In conclusion, while Bitcoin's dominance is slipping and there are warning signs on the charts, the possibility of a further price drop may be limited. It might be time to consider diversifying into altcoins, but as always, do your research before making any investment decisions.

21095

55

Boost Your Telegram Presence with SMO.Plus!

When it comes to enhancing your Telegram channel or group, SMO.Plus offers top-quality services that are designed to deliver real results. Here's why you should consider our services:

🌟Affordable Pricing: Get more value for less with our cost-effective packages tailored to suit your needs.
💎High Quality: Our services guarantee genuine engagement and real user interaction to boost your channel’s credibility.
⚡️Quick Support: Our responsive customer service team is always ready to assist you, ensuring a smooth and hassle-free experience.

Our Telegram Promotion Services Include:

⭐️First Comments on Post: Generate immediate discussions and engagement by placing the first comment under your posts in target channels.

🦄Telegram Referrals for Bots: Perfect for crypto games like Dogs, Hamster Combat, Memecoin, Shrek, and more. Gain more referrals to enhance your game strategy.

💕Premium Subscribers: Expand your audience with quality subscribers who are actively interested in your content.

🏅Telegram Boosts: Improve your channel's visibility with targeted boosts.

💯Post Views: Increase the reach of your posts and make them stand out in the crowd.

Take your Telegram channel to the next level with our SMO.Plus services and stay ahead in the game!

20990

26

farmersdirectmenu

August 2, 2024, 16:11

Sometimes it's not Big, but it's still Data, check these Data Engineering roles:
⁣
🔥 Senior Oracle Developer | STERIS 🔥⁣
📍 Mentor, Ohio 💰 90,000 - 100,000 USD 💼 Senior 🕒 Full-Time ⁣
https://tinyurl.com/2ccpv9uk ⁣
⁣
🔥 Senior Data Center Engineer | SciTec 🔥⁣
📍 Boulder, Colorado 💰 125,000 - 166,000 USD 💼 Senior 🕒 Full-Time ⁣
https://tinyurl.com/4uesd65t ⁣
⁣
🔥 Data Engineer II - Artificial Intelligence | The Travelers Companies, Inc. 🔥⁣
📍 Hartford, Connecticut 💰 121,000 - 198,600 USD 💼 Regular 🕒 Full-Time ⁣
https://tinyurl.com/yckhxhya ⁣
⁣
🔥 Signals Data Analyst, Mid | Booz Allen 🔥⁣
📍 Dayton, Ohio 💰 67,600 - 154,000 USD 💼 Junior 🕒 Full-Time ⁣
https://tinyurl.com/ay6ukvtp ⁣

109

0

🔹 Ethereum's 3% bluff: Will ETH remain above $2.5K or fall to $2.3K?

🐻 Bearish Start, Bullish Shift
Ethereum saw a pullback after testing the $2,700 mark, but it's now up over 3% at $2,521. The altcoin season index isn't as confident, though.

⬆️ Distribution Phase Ahead?
ETH exchange reserves are on the rise, suggesting traders are cashing in on the recent surge. This has happened before near resistance levels.

🔥 A Rally in the Making?
While there's no guarantee, Open Interest among Futures traders is up slightly. But long-term holders have been selling, hinting at a bearish trend.

💬 Undervalued Asset or Waiting Game?
The market value of ETH may be below its realized value, signaling a potential buying opportunity. But without a significant Open Interest surge, true value remains uncertain.

21050

78

🪙 Solana buyers lose interest: How long will SOL’s $138 support hold?

🔥 Bearish winds blow as Solana [SOL] takes a hit, down by nearly 4% in the last 24 hours. The broader crypto market's influence is evident, with SOL trading at $139.

➡️ Diminished buyer interest is reflected in lower trading volumes (-12%) and technical indicators like the Chaikin Money Flow (CMF) and Relative Strength Index (RSI) pointing towards a bearish momentum.

⏰ As Solana tests a crucial support level, traders wonder if a bullish reversal is on the horizon or if the bears will continue to dominate.

💫 However, there's a glimmer of hope as Solana's recent bounce from the $138 support has bulls eyeing the immediate resistance at $146 and the key level of $152 for a confirmed uptrend.

🆒 Despite the price action, Solana's on-chain metrics tell a different story. The network's total development activity has seen an impressive 33% rise, signaling growth and improvement.

📣 In this tug-of-war between bears and bulls, only time will tell if Solana can regain its lost interest and soar to new heights.

21113

74

farmersdirectmenu

August 6, 2024, 15:30

New Icon yeyyy

746

3

farmersdirectmenu

July 30, 2024, 15:09

Don't want to leave your home to work? 🏠 These companies offer fully remote 🌴 jobs:
⁣
🔥 Full Stack Developer (Drupal & WordPress) | Constructive 🔥⁣
📍 Remote 💰 60,000 - 75,000 USD 💼 Regular 🕒 Full-Time ⁣
https://tinyurl.com/bde5tx23 ⁣
⁣
🔥 Senior Operations Security Analyst | Credit Acceptance 🔥⁣
📍 Remote 💰 101,254 - 174,645 USD 💼 Senior 🕒 Full-Time ⁣
https://tinyurl.com/4wwme5bn ⁣
⁣
🔥 Senior Software Engineer, Originations | Credit Acceptance 🔥⁣
📍 Remote 💰 126,000 - 126,000 USD 💼 Senior 🕒 Full-Time ⁣
https://tinyurl.com/32578hk4 ⁣
⁣
🔥 Software Engineering Manager I, Originations | Credit Acceptance 🔥⁣
📍 Remote 💰 187,000 - 313,750 USD 💼 Senior 🕒 Full-Time ⁣
https://tinyurl.com/yp5r4s8h ⁣

118

0

farmersdirectmenu

July 29, 2024, 15:10

A fresh batch of jobs for Juniors 🎓:
⁣
🔥 Network Engineer | Brooksource 🔥⁣
📍 Nashville, Tennessee 💰 90,000 - 100,000 USD 💼 Junior 🕒 Full-Time ⁣
https://tinyurl.com/mmzdprhm ⁣
⁣
🔥 Junior Cyber Security Engineer (AI Development) | Brooksource 🔥⁣
📍 Charlotte, North Carolina 💰 66,560 - 66,560 USD 💼 Junior 🕒 Full-Time ⁣
https://tinyurl.com/476apb6h ⁣
⁣
🔥 Junior Software Engineer | Brooksource 🔥⁣
📍 Columbus, Ohio 💰 58,000 - 58,000 USD 💼 Junior 🕒 Full-Time ⁣
https://tinyurl.com/yrmz3v38 ⁣
⁣
🔥 Java Developer | Guidant Global for Travelport 🔥⁣
📍 Englewood, Colorado 💰 100,000 - 120,000 USD 💼 Junior 🕒 Full-Time ⁣
https://tinyurl.com/4nptys2n ⁣

116

0

https://amzn.to/4ef60OP
Rs 447₹ only
Best suitable for kids 🎁

107

0