Hi guys, I'm building, W3Design, a web 3 design pattern library and saved the airdrop flow for future reference since it's a one-time thing, this is free and no account required to view, here's the link: https://w3design.io/flows/filter=claimAirdrop Its' new but I've got 4 apps already on it, so let me know if you have some…
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After a period of sluggish price action, the price of Solana has finally made a significant recovery on the chart. In the last week, the coin has surged over 9%. Although SOL might be moving up slowly, from a technical standpoint, the altcoin has recovered and might stage a rally in the upcoming trading sessions. Buyers were gradually re-entering the market, indicating that SOL registered accumulation. However, capital inflows remained low. With consistent upward price action, capital inflow will also register a positive change. Now that SOL has made small gains each day, the next resistance mark for the coin stands at $15. If Solana’s price breaks past $15, the coin can rally to $18. Although the Solana price has shown signs of recovery, it is still too early to say if the coin has gotten out of the woods. One push from the bears will bring SOL down to its closest support level. Related Reading: Bitcoin Bearish Signal: NVT Golden Cross Enters Sell Zone Solana Price Analysis: One-Day Chart SOL was trading at $13.73 at the time of writing. At the moment, SOL was resting above the $13 support line. There needs to be support from buyers and the broader market for Solana to topple above the $14 price mark. The aforementioned price ceiling should not be too difficult to surpass, given that the altcoin has been trading quite close to that level. On the other hand, the first support for Solana’s price was $13. Failing to remain above that will bring the coin down to $10.50. The amount of Solana traded in the past session was green, depicting a bullish preference. Technical Analysis SOL had witnessed quite the plunge in the month of November. The altcoin entered the oversold region twice this month. At press time, however, Solana had portrayed an increase in demand. The Relative Strength Index noted an uptick and inched closer to the 40-mark. This reading denoted a rise in accumulation. Solana’s price was also above the 20-Simple Moving Average line, which indicated bullishness and that buyers would drive the price momentum in the market. In terms of institutional interest, SOL has registered mundane performance for months. Despite the chart’s recovery, SOL’s capital inflows have remained low, mostly due to the broader market’s weakness. The Chaikin Money Flow (CMF) indicated capital inflows and outflows. CMF was below the half-line, indicating that outflows were greater than inflows. The Awesome Oscillator (AO) displays the trend and price momentum. AO was positive with green signal bars, which were tied to the buy signal for the altcoin. This also suggested further gains for Solana investors. Related Reading: Where Is The Ethereum Price Headed Next After Clearing This Resistance Featured image from Mudrex, Chart: TradingView.com
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BMW and Porsche have both recently ramped up their own Web3 plays, while Baby Shark is dipping into the blockchain gaming sector, but just for kids.
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Bitcoin price was able to clear the $17,000 resistance. BTC is consolidating gains and might remain supported above the $16,750 level. Bitcoin gained pace and cleared the $16,800 and $17,000 resistance levels. The price is trading above $16,800 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $16,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could rise further if it stays above the $16,500 support zone. Bitcoin Price Extends Gains Bitcoin price remained well bid above the $16,500 support zone. BTC gained pace and was able to clear the $16,800 resistance zone plus the 100 hourly simple moving average. The upward move was such that the price even surpassed the $17,000 resistance zone. It traded as high as $17,250 before the bulls faced sellers. It is now consolidating gains above the $17,000 level. The price is trading near the 23.6% Fib retracement level of the upward move from the $16,690 swing low to $17,250 high. Bitcoin price is now trading above $16,800 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $16,950 on the hourly chart of the BTC/USD pair. On the upside, an immediate resistance is near the $17,950 level. The first major resistance is near the $17,500 zone, above which the price may perhaps start another steady increase. In the stated case, the price could rise towards the $18,000 resistance. Source: BTCUSD on TradingView.com The next major resistance is near $18,800, above which the price could gain pace for a move towards the $19,500 zone in the near term. Dips Limited in BTC? If bitcoin fails to climb above the $17,250 resistance, there could be a downside correction. An immediate support on the downside is near the $17,000 level. The next major support is near the $16,950 zone and the trend line. The trend line is close to the 50% Fib retracement level of the upward move from the $16,690 swing low to $17,250 high. A downside break below the trend line might call for a move towards $16,800. Any more losses might call for a test of the key $16,500 support zone in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $16,950, followed by $16,800. Major Resistance Levels – $17,250, $17,500 and $18,000.
Did you ever consider that there are fewer players in crypto P2E games because they are afraid of dealing with wallets, private keys, and passwords? I suppose that's because the vast majority of people are unfamiliar with crypto, Web3, or any blockchain-crypto-related topics, and GameFi repels them. Do you have the same impression? Someone said…
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