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ICP Slips as Volume Spike Confirms Breakdown Below Key Support

ICP has recently experienced a downturn, trading around $4.80, reflecting a 0.75% increase in the last 24 hours despite indicating breakdown signals. A significant volume spike of 5.63 million tokens—an 85% increase over the average—occurred as the price was rejected near the resistance level of $4.98. The current support is at $4.63 while resistance is noted between $4.98 and $5.13. Throughout trading, ICP demonstrated high volatility, moving within a $0.48 range. The failure to maintain momentum above $4.98 is contributing to the price stabilization around $4.917, suggesting a downtrend could continue unless a recovery above the resistance takes place. The article underscores the importance of volume trends and breaks in key prices to confirm direction, highlighting potential consolidation between $4.63 and $4.98 until a decisive move is made.

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Bitcoin, stocks crumble after Nvidia earnings and Fed uncertainty over next rate cut

Bitcoin continues to struggle as its price drops to $86,000, coinciding with a US stock market decline and a reduced likelihood of a substantial interest rate cut from the Federal Reserve in the upcoming meeting. Analysts suggest that Bitcoin could consolidate before attempting to retest the $98,000 to

Coinbase launches ETH-backed loans as onchain lending tops $1.25B

Coinbase has introduced Ether-backed loans for users in the U.S., enabling them to borrow USDC against their ETH holdings without liquidation risk tied to market conditions. This service, powered by Morpho and operating on the Base platform, allows users to borrow up to $1 million, though it is unavailable

Mentions Market Trader @0xTyrael Shares Prediction Market Strategies

In a recent interview, market trader @0xTyrael discussed his strategies for navigating prediction markets, emphasizing the importance of understanding market dynamics and trends. He shared insights on how to effectively analyze data and use it to make informed trading decisions. Key strategies included leveraging social media sentiment and market signals

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