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Reading: Bitcoin’s Consolidation Phase Ending: Crypto Market Set to Rise in August
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Latest cryptocurrency news > Sponsored Article > Bitcoin’s Consolidation Phase Ending: Crypto Market Set to Rise in August
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Bitcoin’s Consolidation Phase Ending: Crypto Market Set to Rise in August

BH NEWS
Last updated: 1 August 2024 17:39
BH NEWS 1 year ago
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Bitcoin has shown signs of breaking from its recent stagnation. As market dynamics shift, many are speculating a significant upward movement in the crypto world for August. This article delves into which digital currencies are poised for potential gains, sparking interest among investors and enthusiasts alike.

Contents
CYBRO Presale Exceeds $1.5 Million: A One-in-a-Million Next GEN DeFi Investment OpportunityEthereum Price Struggles Amid Market UncertaintyAvalanche (AVAX) Struggles With Bears as Prices DropJupiter (JUP) Struggles to Find Its Footing Amid Market UncertaintyPolygon (MATIC) Faces Bearish Pressure but Eyes Potential Rebound OpportunitiesConclusion

CYBRO Presale Exceeds $1.5 Million: A One-in-a-Million Next GEN DeFi Investment Opportunity

CYBRO is capturing the attention of crypto whales as its exclusive token presale quickly surges above $1.5 million. This next-generation DeFi platform offers investors unparalleled opportunities to maximize their earnings in any market condition.

Experts predict a potential ROI of 1200%, with CYBRO tokens available at a presale price of just $0.03 each. This rare, technologically advanced project has already attracted prominent crypto whales and influencers, indicating strong confidence and interest. In another exciting update, CYBRO has introduced a referral program. It offers 12% commissions from direct referees’ token purchases, 3% from second-level referees, and 2% from third-level referees. Rewards are distributed weekly in USDT, and referees receive double CYBRO Points on their first deposit using the referral code.

Holders of CYBRO tokens will enjoy lucrative staking rewards, exclusive airdrops, cashback on purchases, reduced trading and lending fees, and a robust insurance program within the platform.

With only 21% of the total tokens available for this presale and approximately 64 million already sold, this is a golden opportunity for savvy investors to secure a stake in a project that’s truly one in a million.

Ethereum Price Struggles Amid Market Uncertainty

Ethereum (ETH) is trading between $3054 and $3526, showing market indecision. The nearest resistance at $3780 is still a challenge, while support hovers around $2836. The 10-day simple moving average of $3324 closely mirrors the 100-day average, showing short-term steadiness. With a Relative Strength Index (RSI) at 54, neither bulls nor bears dominate. Ethereum’s potential for growth hinges on breaking past $4252—a gain of about 20%. However, any dip below $2364 could signal trouble. In the past six months, ETH rose over 46%, suggesting a resilient upward trend despite recent minor declines.

Avalanche (AVAX) Struggles With Bears as Prices Drop

Prices for Avalanche (AVAX) are moving between $24.82 and $31.49, showing signs of weakness. Over the past week, prices fell by over fifteen percent. The coin faces resistance at $35.55 and support at $22.22. The 10-day and 100-day moving averages are just above $27. The RSI is low at 40, indicating bearish sentiments. If the price rises, it could reach $35, a boost of more than twenty percent. However, if it falls, it might drop to $22, a decline of around ten percent. Bears seem to have the upper hand at the moment.

Jupiter (JUP) Struggles to Find Its Footing Amid Market Uncertainty

Jupiter (JUP) is currently fluctuating between $0.97 and $1.23, indicating a tug-of-war between bulls and bears. The nearest resistance level at $1.33 is proving tough to break, while the $0.81 support level offers a safety net for now. With an RSI at 39.08, the coin shows weak momentum but isn’t oversold. The coin’s one-week price increased by 8%, and it soared by nearly 65% over the past six months, suggesting long-term potential. If it manages to break through the $1.33 resistance, it could aim for the $1.59 level, a potential rise of over 20%.

Polygon (MATIC) Faces Bearish Pressure but Eyes Potential Rebound Opportunities

Polygon (MATIC) is currently trading between $0.47 and $0.55. Bulls appear weak as bears edge out with recent price decreases of over 2% in the past week and more than 5% in the last month. Despite a 6-month drop of nearly 34%, MATIC’s relative strength index sits near a neutral 52, suggesting balanced buying and selling pressure. Immediate resistance is at $0.59, and a stronger barrier is at $0.67; surpassing these could push the price up by around 20%. However, if the price drops to the nearest support at $0.44, it might face further declines. The coin’s potential for growth hinges on breaking these resistance levels.

Conclusion

ETH, AVAX, JUP, and MATIC have less potential in the short term. CYBRO, a technologically advanced DeFi platform, stands out. It offers unparalleled opportunities to maximize earnings through AI-powered yield aggregation on the Blast blockchain. Key features include lucrative staking rewards, exclusive airdrops, and cashback on purchases. CYBRO ensures a superior user experience with seamless deposits and withdrawals. Emphasizing transparency, compliance, and quality, CYBRO stands out as a promising project with strong interest from crypto whales and influencers.

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Disclaimer: This article is a press release. BH NEWS is not responsible for any damage or loss related to any product or service mentioned in this article. BH NEWS recommends that readers carefully research the company mentioned in the article.
You can follow our news on Telegram, Twitter ( X ) and Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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