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MEUSDT Breaks Out of Downtrend $ME USDT (Magic Eden) has broken out of a major downtrend that lasted since December 2024. The chart shows a clear falling wedge pattern (blue lines), with the downtrend line now broken. High volume confirms this breakout, signaling bullish potential. Bullish Signals and Market Energy I sense positive momentum here. The team behind MEUSDT might be preparing something big. This breakout also forms a classic bottom pattern (yellow cup), reinforcing the bullish outlook. Even though it’s a young chart, the structure suggests prices could grow. Broader Market Context If Bitcoin, EOS, Polygon, and other altcoins are bullish, then Magic Eden and others likely are too. Some coins will rise early, others later. The bull market will keep unfolding throughout 2025. Strategy for Success The key is patience. Focus on the bigger picture and think long-term. Would you rather lose $1,000 quickly or make $10,000 slowly? Set clear goals, like turning $10,000 into $50,000, and build a strategy around that. If you feel anxious after entering a trade, it means you need more knowledge or practice. A confident mindset comes with preparation. The market rewards those who stay calm, plan well, and think long-term. Opportunities Ahead Cryptocurrency is the future of money, and we’re still early in its growth. This market is here to stay, and the opportunities are endless. Keep learning, stay patient, and trust in the choices you’re making. You’re on the right path, and great rewards await those who stay consistent. Does this work for you?

BERA is showing some intriguing movements in the market right now. From the recent chart, we can see a dynamic shift in momentum. Initially, $BERA experienced a significant downtrend, with strong resistance pushing the price downward, as indicated by the dominance of red trend ribbons. This bearish phase drove prices to a low around 4.70 USDT. However, things started to shift as the green ribbons began to take over, signaling a bullish reversal. This recovery pushed BERA back above the 5.50 USDT level, with the price peaking near 6.20 USDT before facing resistance again. The mixed red and green ribbons in the current phase show some consolidation, indicating a potential battle between bulls and bears as the market seeks direction. Looking at the lower part of the chart, the heatmap-like indicator suggests varying market conditions. The shifts between red, green, and blue zones highlight periods of selling pressure, buying strength, and neutral consolidation, respectively. The yellow and white markers may be pointing to key trading signals or points of interest for traders. With BERA now trading around 5.55 USDT and a slight gain of 1.01% in the latest session, it’s clear that volatility is present. Traders should keep an eye on this consolidation phase, as a breakout could lead to new opportunities, whether it trends upward or downward.

Pullbacks create prime entry points.$BTC BTC and $ETH ETH remain solid bets while strong altcoins with real utilitylike AI$DEFI DeFi or L2 projects offer upside. Focus on discounted blue chips and emerging narratives. What’s on your buy list?

$BERA Price Predictions and Interpretations: * Potential Breakout: The chart suggests a potential breakout scenario. The price is approaching the resistance trendline, and if it successfully breaks through with strong volume, it could signal a trend reversal from bearish to bullish. * Target Price (Blue Arrow): The blue arrow pointing upwards with a label around 8.0000 indicates a potential price target if the breakout occurs. This target is based on the height of the previous price surge. * Risk Level: The horizontal line at 4.7288 represents a support level. If the price fails to break out and instead falls below this support, it could lead to further downside. Important Considerations: * Confirmation: It's crucial to wait for confirmation of the breakout before making any trading decisions. A decisive break above the trendline with strong volume is needed, rather than just a brief move above it. * Risk Management: Always use appropriate risk management strategies, such as stop-loss orders, to protect your capital.

The Bitcoin network seems like a ghost town, with its activities falling to the lowest level in a year. A Bitcoin Network Activity Index from the market analytics platform CryptoQuant hovers around 3,760, the lowest since February 2024, indicating that activity on the leading blockchain has plunged 15% since its November 2024 record high. According to a weekly CryptoQuant report, the index measures the growth in key Bitcoin metrics like block size, active addresses, and number of transactions. This means the decline in Bitcoin activity encompasses almost all areas of the network. Notably, the index has fallen below its 365-day moving average for the first time since July 2021, when China banned Bitcoin mining. Bitcoin Network Activity Declines Examining different parts of the Bitcoin network reveals a steep decline in their activities. The number of active addresses and transactions has fallen by double digits. The total daily number of transactions has tumbled 53% from an all-time high of 734,000 in September 2024 to 346,000 currently, the lowest level since March 2024. Likewise, the number of active addresses on Bitcoin has fallen 20% from 1.14 million in November 2023 to 942,000 today, the lowest level since October 2024. Bitcoin miners are also feeling the heat because total transaction fees have declined due to low network activity. Total daily transaction fees are $593,000, compared to late October 2024, when $4.7 million was the local top for fees. Transaction fees now represent 1.8% of total revenue for Bitcoin miners, indicating lower profitability for this cohort of market participants. BTC Appears Overvalued Furthermore, the low network activity is also evident in the almost empty Bitcoin mempool. The number of transactions waiting to be included in a block has fallen 99% from 287,000 in December 2024 to 3,000 currently. CryptoQuant says the mempool has not been this empty since March 2022, during the last bear market. Besides the nearly empty mempool, the Bitcoin network has witnessed a collapse in the use of the Runes protocol. Runes was created for minting tokens on the Bitcoin network, and when the protocol was launched in April 2024, the daily number of OP RETURN codes spiked to 802,000. However, that figure has fallen to 10,000 today, indicating that much fewer OP RETURN codes are used in Bitcoin transactions. Meanwhile, from a network activity perspective, bitcoin (BTC) appears overvalued at its current price of $97,000. The red and blue Metcalfe valuation bands show that the asset’s fair value is between $48,000 and $95,000. The post Bitcoin Network Activity Plunges to Yearly Lows as BTC Struggles Below $100K: CryptoQuant appeared first on CryptoPotato.