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MANAUSD Aims for Liquidity Before Further Bullish Momentum

Market Analysis: Decentraland Aims for Liquidity

MANAUSD recently peaked notably at the $0.8200 level before initiating a retracement phase. This retracement was triggered by a decline in buyer momentum, resulting in a shift in market control as sellers sought to capitalize on available liquidity.

MANAUSD Key Levels

Demand Levels: $0.5450, $0.4700
Supply Levels: $0.6780, $0.8200

A thorough examination of the daily charts reveals a significant bullish movement that has surpassed previous highs, indicating a prevailing bullish bias. However, the price faced rejection at the $0.8200 level and has since begun retracing, with a focus on liquidity positioned below the $0.5450 demand level.

The liquidity lies slightly above the order block, thereby increasing the likelihood of price respecting this critical level. This order block coincides with the 0.786 Fibonacci level, adding further significance. Additionally, analysis of the daily Relative Strength Index (RSI) suggests that the price has entered oversold territory, implying a potential reversal shortly.

Market Expectation

It is anticipated that the price will reach the order block and clear the liquidity level in the coming sessions. However, the retracement is not expected to breach below the $0.4700 demand level, which serves as the final line of defense for buyers.

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ApeCoin (APEUSD) Regain Confidence

Market Analysis – A smooth Ride for Buyers on the Edge

ApeCoin regains confidence. The crypto market has experienced a rollercoaster ride in terms of its price movements. After a slow recovery from the significant level of $1.730, buyers have been on the edge, eagerly anticipating the next move.

APEUSD Significant Levels

Resistance Levels: $2.720, $2.4330
Support Levels: $1.8830, $1.7130

This week, a countertrend is likely to be seen, signaling a shift from the previous sell trend. It is important to note that ApeCoin’s price had appreciated up to the key level of $2.720 before facing significant resistance. The buyers managed to pull the strings, but unfortunately, they couldn’t afford to take more steps beyond the $2.720 level. This market level marks the recent high that ApeCoin has reached this year.

With the buyers being rejected, the crypto price yielded a lower yield concerning the dollar market. The bears traded down to the key level of $1.7130, causing some concern among investors. However, the buyers remain confident and are ready to take the wheel again.

A minor setback was observed above the significant zone of $1.8830 before the bulls regained their stance. The buyers now continue to have a smooth ride upward in the market, showcasing their resilience and determination. It’s only a matter of time to see how far they can rise.

Market Expectation

For those closely following the market, the Parabolic SAR Stop and Reverse indicator provides valuable insights. Currently, the trending dots are spilling lower, indicating a potential bearish trend. However, it is important to note that there haven’t been clear indications for a reversal yet. Traders need to keep a sharp eye on market movements, especially with the right forex signals.

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IOTA Market (MIOTA/USD) Bulls Navigate Volatility, Eye Higher Support Levels

After the recent bull run propelled the IOTA market steadily above the $0.40 price level from its previous position at $0.286, it faced significant bearish pressure at this threshold. Consequently, the price experienced a sharp decline back below the $0.300 mark. This pronounced bearish movement, breaching the $0.30 price level, has heightened the level of volatility in the market. Given that the zone below $0.30 is considered bullish, bulls have seized upon the prevailing volatility to orchestrate a notable rally in prices.

IOTA Market Data

MIOTA/USD Price Now: $0.37
MIOTA/USD Market Cap: $1.2 billion
MIOTA/USD Circulating Supply: 74 million
MIOTA/USD Total Supply: 3.2 billion
MIOTA/USD CoinMarketCap Ranking: #93

Key Levels

Resistance: $0.40, $0.45, and $0.50.
Support: $0.35, $0.30, and $0.25.

IOTA Market Analysis: The Indicators’ Point of View

Throughout the day, the IOTA market has been tracking towards the $0.40 price level. However, as the market approaches this threshold, the emergence of bearish sentiment becomes palpable. The presence of a small upper shadow on the candlestick suggests that bears may pose a significant challenge at $0.40, particularly amidst the prevailing market volatility. Despite this crypto signal, bulls currently maintain dominance. Additionally, the Relative Strength Index indicates a momentum measurement of around 60, reflecting the market’s strength. To further bolster their position, bulls may benefit from establishing a support level around $0.35. This strategic move could exert pressure on the $0.40 price level, potentially facilitating a breakthrough.

MIOTA/USD 4-Hour Chart Outlook

From a shorter-term perspective, the $0.35 price level holds significant potential as a support level crucial for the continuation of the bullish trend. Should bulls manage to maintain their stance at this level, it would confirm its support status, potentially propelling the market to surge beyond $0.40 and further. While minor price corrections are typical in the IOTA market, the $0.35 price level stands poised to play a pivotal role as a support threshold.

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BNB Is in a Range but Faces Resistance at $600

BNB (BNB) Long-Term Analysis: Bullish
BNB’s price has continued its upward trend but faces resistance at $600. On March 13, BNB surged to a high of $645 but was met with resistance. The cryptocurrency asset has retraced above the 21-day SMA or $498 support, commencing a range-bound move. The cryptocurrency’s price is rising, preparing to retest the resistance at $645.

On the upside, BNB will rise above the $700 overhead resistance if buyers sustain the price above the current level. The cryptocurrency will start trading in the bull market above the overhead resistance. Nonetheless, if the bullish scenario is rejected, BNB will be forced to trade sideways above the moving average lines but below the recent high. BNB/USD is currently worth $594.20.

Technical indicators:
Major Resistance Levels – $600, $660, $720
Major Support Levels – $400, $340, $280

BNB (BNB) Indicator Analysis
The price bars are above the moving average lines, indicating a current uptrend. The 21-day SMA has served as a support line, accelerating the altcoin’s upward trend. If the support line is breached, the altcoin’s price will fall. The moving average lines on the 4-hour chart are horizontal due to the sideways trend.

What Is the Next Direction for BNB (BNB)?
On the 4-hour chart, BNB is in a sideways trend but faces resistance at $600. The altcoin is now trading in a range of $500 to $640. The cryptocurrency price retested the resistance twice before resuming its horizontal trend. The crypto signal has been range-bound, with the altcoin facing more rejection at its $600 high.

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Chiliz (CHZUSD) Sellers Are Demonstrating Resilience

CHZUSD Analysis – Buyers Attempt a Recovery

CHZUSD sellers are demonstrating resilience. Despite recent setbacks and fluctuations, these sellers have shown a determination to bridge through key levels and establish a strong foothold in the market. Their relentless pursuit has led to breaches at key levels, causing significant disruptions in the market.

Last week, buyers were flooded out after failing to breach the crucial $0.180 level. This failure exposed their weakness, allowing sellers to initiate a strong purge. Market levels at $0.1480 and $0.1400 were swiftly consumed by these determined sellers, leaving buyers in a state of uncertainty.

CHZUSD Key Levels

Resisting Levels: $0.1900, $0.1800
Support Levels: $0.1400, $0.1160

This week, the bulls attempted to stage a recovery, hoping to regain control of the market. However, their efforts were thwarted as rice rebounded at the $0.1400 key zone, effectively cutting them out of the scene. The sellers, undeterred by this temporary setback, continued to initiate more breakdowns, setting their sights on the significant $0.1160 level. While they faced rejection at this key level, they have remained persistent in their pursuit, refusing to be discouraged by the ongoing struggle between bulls and bears.

The MACD indicator shows a bearish trend gaining momentum. This suggests that sellers are currently in a position of advantage, with the potential to exert further downward pressure on prices.

Market Expectation

While sellers have made significant progress in their quest to bridge through the $0.1160 key zone, the struggle is far from over. Recent rejection at this level may be attributed to a few sellers pulling out of the market, while buyers attempt to stage a comeback. However, it is more likely that a breakthrough will occur as time progresses, given the determination and resilience demonstrated by chiliz sellers.

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Dash 2 Trade Price Prediction for Today, March 26: D2TUSD Price Has Begun its Rising Pattern Again

Dash 2 Trade Price Forecast: D2TUSD Price Has Begun its Rising Pattern Again (March 26)
D2TUSD price has begun its rising pattern. The coin is going upward at the moment and might move higher above the current resistance level at $0.00479, if buyers exert more force into the price action in the market, the $0.00756 high trend line might be retested soon. Thus a clear buy signal and intraday gain for the coin buyers.

Key Levels:
Resistance levels: $0.00600, $0.00700, $0.00800
Support levels: $0.00400, $0.00300, $0.00200

D2T (USD) Long-term Trend: Bullish (4H)
Dash 2 Trade price can be seen slightly above the EMA-9, which means that the crypto is in a bullish trend in its long-term view. It seems that the bulls are about to take over and push us higher. There are multiple possible targets at this point, but either way, the pair looks quite bullish here.

The bulls have sustained the crypto market at the $0.00478 supply value in the previous action; this has made it possible for the coin to stay above the trend line in recent times.

An increase in the D2TUSD price to a $0.00479 high level above the EMA-9 as the 4-hourly chart opens today, indicates that the traders are actively buying at this level. A possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery.

Meanwhile, if the bulls could push harder and sustain the coin price above the $0.00756 previous high, the resulting rally may surpass the $0.00800 level and hit the $0.01000 psychological level at the upside in the days ahead in its long-term perspective.

D2T (USD) Medium-term Trend: Bullish (1H)
The coin also trades in a bullish trend market in the short-term outlook. This is due to the high impact of the long-term traders on the price flow. The bullish pressure on the crypto in the past few minutes has sustained the coin price above the supply trend lines.

As an outcome of low bearish momentum, buyers are hindering the market from smashing through the support zones. The Dash 2 Trade price at a $0.00479 resistance value above the EMA-9 is undeniably bullish as the 4-hourly session opens today. Thus, the coin price will accelerate further if the buy traders can add more pressure to their buying actions in the market.

Similarly, more jumps are ahead as the D2TUSD price suggests an uptrend on the daily signals which is pointing upwards. This means that the selling pressure is not likely to continue. In light of this, the bulls may likely touch the $0.01000 high value in the days ahead in its medium-term outlook.

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LSE Affirms Willingness to Consider Applications for Bitcoin ETN Listings

The London Stock Exchange (LSE) has finalized the pre-listing timetable for its Bitcoin ETN and associated cryptocurrency products.

The London Stock Exchange (LSE) has announced its intention to begin accepting applications for the listing of cryptocurrency products, such as Bitcoin and Ethereum Exchange Traded Note (ETN) products.

According to the announcement made earlier on Monday, trading is scheduled to commence as early as the second quarter of the year.

UK Investors Could Soon Gain Access to Bitcoin ETN
The impasse regarding exposing financial investors to the Bitcoin ETN or Exchange Traded Fund (ETF) realm was shattered following the United States Securities and Exchange Commission’s (SEC) approval of 11 offerings for trading in January.

With this significant approval, regulators in other countries, including Hong Kong and now the United Kingdom, are now receptive to a variation of the product.

In line with this ongoing revolution, the London Stock Exchange has announced that applications for listing the Bitcoin ETN product will commence by April 8, 2024.

To allow for thorough review and regulatory consideration by the Financial Conduct Authority (FCA), the LSE has proposed May 28, 2024, as the earliest date for the eventual listing of the product.

The LSE has set April 15 as the deadline for submitting expressions of interest to list the Bitcoin ETN product for the May cohort.

Bitcoin Price Surges Following LSE’s Acceptance
The announcement of the upcoming Bitcoin ETN product has positively excited investors, visibly impacting the price of the underlying cryptocurrency.

As of the time of writing, Bitcoin’s price is experiencing a bullish recovery, surging by 7.03% to reach $70,198.12. This bullish sentiment is supported by the availability of spot Bitcoin ETFs, which contributed to a supply shortage in the market, leading to the asset’s price surpassing its previous All-Time High (ATH) above $73,000.

This resurgence above the $70,000 threshold bodes well for Bitcoin, potentially setting the stage for a strong finish to the month of March.

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Quant (QNT/USD) Bulls Charge Ahead Amidst Market Volatility

Over the past few weeks, particularly since the onset of March, the Quant market has exhibited volatility, with prices surging above $120. Despite this volatility, prices have largely fluctuated within the range of $120 to $140. A robust resistance barrier has been identified around the $140 price mark. On March 13, the bullish market encountered resistance at the $140 level, resulting in a retracement to the support level at $111. Bullish intervention around $111 established a broad price channel, signaling ongoing volatility within the market.

Quant Market Data

QNT/USD Price Now: $147.24
QNT/USD Market Cap: $1.7 billion
QNT/USD Circulating Supply: 12 million
QNT/USD Total Supply: 14.9 million
QNT/USD CoinMarketCap Ranking: #65

Key Levels

Resistance: $150, $160, and $170.
Support: $127, $111, and $100.

Quant Market Analysis: The Indicators’ Point of View

In today’s trading session, the market has shown a significant bias towards bullish activity, surpassing the $140 price threshold and consequently elevating volatility levels. Furthermore, the Relative Strength Index, registering a bullish momentum of approximately 65, underscores traders’ current inclination towards buying. The breach of the critical $140 price level likely incentivized additional participation in the upward trend. However, the bullish market now faces resistance at $150. Should bulls encounter resistance at $150 and fail to surpass it, securing support in the vicinity, particularly at the $140 mark, will exert pressure on bearish positions at $150. This scenario could potentially lead to a breakout above $150.

QNT/USD 4-Hour Chart Outlook

Analyzing the market through the lens of the 4-hour chart, it appears that traders have potentially identified the $140 price level as a key support level. This observation stems from the previous 4-hour session, where the market remained anchored around the $140 threshold throughout the entirety of the session, closing at the same level as the opening. This stagnation was followed by a robust bullish price movement in the current session. Despite encountering bearish resistance at present, there is optimism (according to this crypto signal) that bulls will discover a stronger support level to sustain the upward trend.

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$SPONGE (SPONGE/USD) Surges Following Bullish Intervention at $0.00005

In our previous assessment of the SPONGE/USD market, we observed a resilient bullish sentiment amidst significant selling pressure, which kept the price hovering near the $0.00005 threshold. Furthermore, there were notable instances of exploration into lower price levels, indicating underlying bullish activity beneath $0.00005. A breach of this bullish threshold holds the potential to ignite a substantial upward price trajectory.

Key Market Dynamics:

Resistance Levels: $0.0010, $0.0011, and $0.0012.
Support Levels: $0.000035, $0.000030, and $0.000025.

Technical Analysis for $SPONGE (SPONGE/USD):

The SPONGE/USD market witnessed testing of price levels below $0.00005 on March 22, in alignment with our previous forecast, consequently favoring bullish sentiment. Capitalizing on the reduced prices, bullish traders executed significant buy orders, resulting in a noteworthy price surge above the $0.00006 mark.

Although a shift towards bearish momentum occurred as the bullish market peaked above $0.00006, bulls appear to have established firmer support at $0.000055. Despite minimal changes in the Bollinger Bands reflecting bullish activity, attributed to the inability to sustain the bullish trend above $0.00006, the market has stabilized around $0.000055, indicating an equilibrium state.

However, a marginal upward shift was detected in the upper standard deviation curve of the Bollinger bands. Should bulls maintain their position at $0.000055, it would further validate a subtle shift in favor of bullish sentiment.

Insights from the 1-Hour Perspective:

Analysis of the 1-hour chart revealed a prolonged period of price stagnation around the $0.000055 mark spanning approximately four sessions, followed by a minor bearish shift towards this threshold. The proximity to this level suggests the potential initiation of another bullish price movement. In light of this crypto signal, traders are advised to exercise vigilance in anticipation of the anticipated bullish trend.

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