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24 01, 2025

The GBPUSD forecast update 23-01-2025

By |2025-01-24T09:08:21+02:00January 24, 2025|Forex News, News|0 Comments


Natural gas price kept its stability within the bullish channel that its major support line located at 3.680$, to notice renewing the positive action by targeting 4.030$ barrier now, which formed the first target for the recent bullish overview.

 

Now, stochastic exit from the oversold areas will reinforce the chances of gathering the positive momentum to manage to surpass the current barrier and achieve additional gains by rallying towards 4.220$ followed by reaching the bullish channel’s resistance line at 4.420$.

 

The expected trading range for today is between 3.920$ and 4.220$

 

Trend forecast: Bullish





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24 01, 2025

The USDJPY price faces solid resistance – Forecast today

By |2025-01-24T07:57:14+02:00January 24, 2025|Forex News, News|0 Comments

The GBPUSD price bounced upwards clearly after the consolidation of 1.2300$ support line against the recent negative attempts, to approach the main bearish channel’s resistance now, and we prefer to stay aside until the price confirms its situation according to the key levels represented by the mentioned support and 1.2440$ resistance.

 

Note that the continuation of the rise and breaching this resistance will push the price to start bullish correction that its first main target located at 1.2610$, while breaking the support represents the key to resume the main bearish trend and head to achieve negative targets that start by visiting 1.2210$ areas.

 

The expected trading range for today is between 1.2300$ support and 1.2475$ resistance

 

Trend forecast: Neutral



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24 01, 2025

The unexpected benefits of green tea on your brain 🍵

By |2025-01-24T07:51:10+02:00January 24, 2025|Dietary Supplements News, News|0 Comments


Could a millennia-old beverage protect our brain from the effects of aging? A Japanese study reveals that green tea, thanks to its antioxidant compounds, could reduce age-related brain damage.

Aging is often accompanied by brain changes, such as the appearance of lesions in the white matter, associated with an increased risk of cognitive decline. Researchers from Kanazawa University explored the role of green tea in preventing these abnormalities. Their findings, published in npj Science of Food, suggest that this beverage could offer unique protection.

White matter lesions: a marker of brain aging

White matter, essential for communication between different regions of the brain, is often damaged with age. These lesions, visible on MRI, are linked to cognitive disorders and diseases like dementia. The Japanese study analyzed nearly 9,000 participants aged 65 and older, revealing a correlation between green tea consumption and a reduction in these lesions.

Individuals who drank at least three cups of green tea per day had a 3% lower volume of lesions compared to those who consumed less. This figure reached 6% for heavy consumers. In contrast, coffee showed no significant effect on these abnormalities.

Catechins, protective compounds

Green tea contains catechins, molecules with antioxidant and anti-inflammatory properties. These compounds, particularly epigallocatechin gallate, act on blood vessels, reducing oxidative stress and brain damage. Although the study did not establish a direct causal link, these mechanisms could explain the observed benefits.

The researchers emphasize that these effects are more pronounced in individuals without depression or genetic predisposition to Alzheimer’s disease. This suggests that the benefits of green tea also depend on individual factors.

A nuanced prevention

While green tea appears promising, it should not be considered a miracle solution. The authors remind us of the importance of a holistic approach to preserving brain health: a balanced diet, regular physical activity, and medical follow-up remain essential.

Further studies are needed to confirm these results and explore the mechanisms at play. In the meantime, incorporating green tea into your daily routine could be a simple gesture to protect your brain from aging.

To go further: What is the white matter of the brain?

White matter is an essential part of the brain, primarily composed of nerve fibers covered with myelin. This myelin, a protective sheath, allows for the rapid transmission of electrical signals between different brain regions. Without it, neuronal communication would be slowed or impaired.

With age, white matter can suffer damage, often related to vascular problems. These lesions, visible on medical imaging, are associated with an increased risk of cognitive disorders, such as dementia or Alzheimer’s disease. They affect the brain’s ability to process information efficiently.

White matter lesions are often caused by poor blood supply, due to hypertension or atherosclerosis. These conditions damage the small blood vessels that supply the brain, leading to micro-lesions. Oxidative stress and inflammation also play a role in this process.

Preserving the health of white matter is therefore essential for maintaining cognitive functions. Healthy lifestyle habits, such as a balanced diet and regular physical activity, can help protect this brain structure and reduce the risks of cognitive decline.



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24 01, 2025

DOGE Still Headed For $4, But WallitIQ (WLTQ) Will Rise From $0.042 To Get There First, Analyst Says.

By |2025-01-24T07:48:44+02:00January 24, 2025|Crypto News, News|0 Comments

The potential journey to $4 by the Dogecoin price has crypto enthusiasts buzzing, but WallitIQ (WLTQ) might just steal the spotlight. According to an analyst, while DOGE fights its way to $4, WallitIQ (WLTQ) is poised for a meteoric rise from its modest $0.0420, offering a more compelling growth story.

WallitIQ (WLTQ) Breakout Potential: Unstoppable Surge To $4.

WallitIQ (WLTQ) is revolutionizing the cryptocurrency arena with its innovative decentralized wallet, powered by cutting-edge artificial intelligence and machine learning technologies. A prominent analyst predicts that its state-of-the-art advancements will boost its value from $0.0420 to $4, outpacing the anticipated rise of the Dogecoin price. 

Designed for both novice and experienced crypto traders, WallitIQ (WLTQ) offers a secure and user-friendly platform for asset management. Currently priced at a modest $0.0420 during its presale phase, the token has garnered significant attention due to its automated, user-centric approach. The analyst emphasizes its robust security architecture, improving its appeal while the Dogecoin price continues its climb toward a $4 valuation. 

By using advanced technology, WallitIQ (WLTQ) easily integrates decentralized finance (DeFi) with intuitive features like intelligent machine learning, adaptive chatbots, and a QR-based scan-and-pay system. These innovations guarantee ease of access and aligned functionality, which the analyst believes will expedite its journey to the $4 milestone. 

Additionally, WallitIQ (WLTQ) distinguishes itself through unparalleled security measures, such as AI-driven fraud prevention, biometric authentication, facial recognition, and real-time liveness detection. These improvements have attracted institutional investors, cementing the token’s position as a top contender in the crypto market. 

The analyst expresses strong confidence that WallitIQ’s (WLTQ) transformative features and robust infrastructure will surpass the Dogecoin price in the race to $4. With surging presale demand, the token presents an exceptional opportunity for investors to capitalize on crypto’s next groundbreaking evolution, promising substantial returns.

Dogecoin Price Surge Ahead? Analyst Suggests $4 Target.

The Dogecoin price remains a hot topic in the crypto world, with an analyst predicting that it could still reach $4. Despite the current market fluctuations, this bold prediction highlights the coin’s potential. The Dogecoin price has consistently surprised both critics and supporters, often exceeding expectations due to its community-driven nature. 

According to the analyst, increasing adoption and the potential integration of DOGE into platforms like X could be game-changers. Additionally, historical patterns suggest that the Dogecoin price might be on the verge of a major breakout. 

While skeptics doubt the feasibility of such a rise, the analyst believes that DOGE’s strong community and increasing utility may turn the tide. If these factors align, the Dogecoin price could indeed soar. 

WallitIQ’s (WLTQ) Ascent: Join The Ride To Crypto History.

As the Dogecoin price inches closer to a potential rally toward $4, savvy investors are shifting their focus to WallitIQ’s (WLTQ) presale, captivated by its exceptional growth prospects. A top analyst forecasts that WallitIQ (WLTQ) will soar from $0.0420 to $4 faster than Dogecoin price, thanks to its groundbreaking utilities and innovative solutions.

WallitIQ’s (WLTQ) cutting-edge features and wealth-building potential are quickly capturing market attention. Its recent SolidProof smart contract audit has reinforced trust by guaranteeing the reliability and security of its smart contracts further improving its appeal to cautious investors. 

The debut of WallitIQ’s (WLTQ) Crypto Wallet Management Mobile App has further heightened its attractiveness. Equipped with features like QR-enabled payments, simulated transaction testing, and live market updates powered by CoinGecko, the app delivers convenience and real-time insights.

Additionally, WallitIQ (WLTQ) offers real-time smart contract analysis that minimizes risks and provides a transparent, secure DeFi experience. As the current presale gains traction, the window to secure early investments and capitalize on its projected rise to $4 is quickly narrowing, making WallitIQ (WLTQ) a standout contender in the crypto space.

Join the WallitIQ (WLTQ) presale and community: 

Join WallitIQ (WLTQ) Presale

Join the WallitIQ (WLTQ) Community

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24 01, 2025

The NZDUSD price begins positively – Forecast today

By |2025-01-24T07:07:09+02:00January 24, 2025|Forex News, News|0 Comments


Crude oil price succeeded to achieve our first waited target at 75.53$, noticing that the price closed the last daily candlestick below it, reinforcing the expectations of continuing the domination of the bearish correction to head towards visiting 73.90$ as a next main target.

 

Therefore, we will continue to suggest the bearish trend for the upcoming period, affected by the head and shoulders’ pattern that appears on the chart, taking into consideration that breaching 75.53$ and holding above it might push the price to start recovery attempts and achieve intraday gains that target testing 76.90$ followed by 77.53$ areas before any new attempt to decline.

 

The expected trading range for today is between 73.70$ support and 76.70$ resistance

 

Trend forecast: Bearish





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24 01, 2025

Is a Run to $10 for ADA Imminent as Rexas Finance (RXS) Grows Like Wildfire?

By |2025-01-24T05:47:00+02:00January 24, 2025|Crypto News, News|0 Comments

Cardano (ADA) is known for its capacity to scale and develop sustainably and has long been considered a highly technical blockchain. Ethereum 2.0 updates have been successfully implemented, and dApp expansion has made Cardano progress. Due to its continuous creativity, its market growth could culminate in ADA hitting $10. However, among this growth is an emerging new player called Rexas Finance (RXS), which may disrupt the blockchain ecosystem entirely. Rexas Finance is built on a solid network and uses blockchain’s security and decentralization features to transform the tokenization and trading of real-world assets. This platform aims to make high-value assets like real estate and commodities more accessible through tokenization. That makes Rexas different from Cardano, which exploits existing blockchains by engaging in highly profitable markets of real-world assets accessible only to institutional investors.

Tokenizing Real-World Assets: Unlocking Liquidity and Investment Potential

Rexas Finance is a leader in tokenizing tangible assets. Although Cardano and other blockchains have been investigating decentralized finance (DeFi), Rexas Finance further facilitates users’ buying fractionalized ownership of real-life properties, commodities like gold, and intellectual property. Tokenization helps turn illiquid, difficult-to-trade traditional assets into liquid ones. For instance, there has always been a huge obstacle to real estate as an investment avenue because of costs and maintenance; however, Rexas allows its users to purchase fractional shares in properties. By doing this, the approach reduces entry barriers, enabling small investors to benefit from markets they would otherwise be left out of. Due to blockchain infrastructure, transactions are transparent, secure, and traceable, making them valuable to seasoned investors and newcomers.


Rexas Finance’s dApps: Decentralized Solutions for Modern Finance

Rexas Finance has several decentralized applications (dApps) designed to change how people engage with financial markets. Among them are aids for frictionless trading, asset exchange, and yield maximization. With the Rexas DeFi service on the platform, users can perform trades and get liquidity across several blockchain networks, thereby increasing decentralized finance adaptability. Furthermore, Rexas Token Builder makes it easy to create asset-backed tokens without complex coding skills. This ability is particularly beneficial for companies and startups that want to digitize their assets. 

Presale Success: Rexas Finance Gathers Momentum

Rexas Finance’s presale has been incredibly successful; it raised over 37 million dollars within months. The presale attracts investors who believe in the platform’s different ways of tokenizing real-world assets. As the presale ends, RXS demand increases further, even as its early-stage price stands at $0.175 per every RXS token, which is a significant discount for early investors. The project attracts investors as they acknowledge the increasing promise of asset tokenization and its remarkable advantage to markets that have not yet seen wide blockchain applications. By this presale win, Rexas Finance would be established on a firm foundation towards adoption by the masses, hence growth, with a potential for substantial gains for early participants.

Certik Audit: A Commitment to Security and Transparency

Rexas Finance, unlike many projects in the field, emphasizes security; this is one of the most notable ways it differs from other projects. The platform passed a comprehensive Certik audit. Certik is a blockchain security company with which to reckon. Their rigorous evaluation of smart contracts used in the platform guarantees that a secure and transparent framework is established upon which stakeholders can make informed decisions without being exposed to vulnerabilities that may subject them to losses.

The $1 Million Giveaway: Engaging the Community

To maintain its rapidly growing popularity among the audience, Rexas Finance is scheduled to launch a $1m giveaway. This giveaway will reward twenty lucky winners with RXS tokens worth $50,000 each. To participate, one must contribute at least $100 in the pre-sale and increase their chances by completing specific tasks such as sharing this project on social media and interacting with Texas’ content.

Rexas Finance’s Potential to Disrupt Traditional Financial Systems

Rexas Finance is not just another speculative token; it represents a transformative shift in how we think about investing.  Rexas stands out by focusing on asset tokenization, DeFi solutions, and security. ADA’s scalability and growth in smart contract functionality have seen it reach unprecedented heights largely because of Cardano’s promising developments; however, Rexas Finance carves its way through blockchain technology by solving real-world problems. Understanding that Rexas Finance can overturn asset ownership and open up markets that were previously off limits for ordinary investors makes it a very attractive project for wealth creation over the long term. Rexas aims to allow everyone to create wealth, giving them an equal chance to participate in finance in the future.

Conclusion: Rexas Finance – A Key to the Future of Asset Ownership

As Cardano heads toward its predicted $10 price target, Rexas Finance offers a distinct opportunity to engage with the future of asset tokenization and decentralized finance. The platform’s success in its presale, the strategic launch of its dApps, and the Certik audit are all strong indicators that Rexas is well-positioned for continued growth.

For more information about Rexas Finance (RXS) visit the links below:

Website: https://rexas.com

Win $1 Million Giveaway: https://bit.ly/Rexas1M

Whitepaper: https://rexas.com/rexas-whitepaper.pdf

Twitter/X: https://x.com/rexasfinance

Telegram: https://t.me/rexasfinance

(Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.)

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24 01, 2025

XAU/USD eyes more upside as focus shifts to US PMI data

By |2025-01-24T05:06:43+02:00January 24, 2025|Forex News, News|0 Comments


  • Gold price consolidates near three-month top early Friday, eyes more upside.   
  • Trump’s tariffs jitters and calls for a lower US Dollar underpin Gold price.  
  • Gold price keeps sight of the symmetrical triangle target at $2,785 or record highs.

Gold price regains poise and gears up for another run higher early Friday after taking a breather on Thursday. Gold buyers flirt with three-month highs near $2,760, awaiting some clarity on US President Donald Trump’s trade policies and the S&P Global preliminary US business PMI data.

Gold price finds fresh buyers, aims for record highs

Gold price holds onto the recent upside, courtesy of its persistent appeal as a traditional safety asset as markets remain wary of Trump’s tariff and immigration policies and their impact on the economic outlook.

Earlier in the week, Trump announced plans to impose tariffs on imports from Canada, Mexico, China, and the European Union on February 1. However, no further clarity has been provided, leaving investors flocking to safety in the bright metal.

In his Word Economic Forum (WEF) virtual speech, the 47th US President called for a lower US Dollar (USD) and interest rates globally, acting as a headwind for the Greenback while rendering positive for the non-yielding Gold price.

Gold traders now eagerly await the global preliminary Manufacturing and Services PMI reports for January, which could provide fresh insights into the economic prospects on both sides of the Atlantic. Disappointing data could revive global growth fears amid a looming trade war, spooking markets and driving safe-haven flows into the Gold price.

Further, a hawkish interest rate hike delivered by the Bank of Japan (BoJ) could trigger a fresh USD/JPY slide-led USD weakness, supporting the Gold price upisde.

Despite a positive view of the Gold price, the metal could see some pullback late Friday as traders cash in on their long positions heading into next week’s US Federal Reserve (Fed) policy decision and the four-quarter US advance Gross Domestic Product (GDP) data release.

Gold price technical analysis: Daily chart

The daily chart shows that the short-term technical outlook remains more or less the same for Gold price.

Gold price remains on track to test the record high of $2,790 or the symmetrical triangle target, measured at $2,785.

Gold price charted a symmetrical triangle breakout earlier this month while it holds comfortably above all the major daily simple moving averages (SMA), supporting the bullish case.

The 14-day Relative Strength Index (RSI) sits beneath the overbought region, currently near 69, justifying the latest leg up.

Adding credence to the constructive outlook, the 50-day SMA closed above the 100-day SMA on Thursday, confirming a Bear Cross.

Gold price must seek a daily closing above the November 2024 high of $2,762 to take on the next target near the aforementioned resistance near $2,790.

Alternatively, Gold price could test the previous day’s low of $2,736 if the pullback sets in.  

Sellers will then aim for the $2,700 round level, below which the 21-day SMA at $2,678 will be threatened.

Economic Indicator

S&P Global Manufacturing PMI

The S&P Global Manufacturing Purchasing Managers Index (PMI), released on a monthly basis, is a leading indicator gauging business activity in the US manufacturing sector. The data is derived from surveys of senior executives at private-sector companies from the manufacturing sector. Survey responses reflect the change, if any, in the current month compared to the previous month and can anticipate changing trends in official data series such as Gross Domestic Product (GDP), industrial production, employment and inflation. A reading above 50 indicates that the manufacturing economy is generally expanding, a bullish sign for the US Dollar (USD). Meanwhile, a reading below 50 signals that activity in the manufacturing sector is generally declining, which is seen as bearish for USD.

Read more.

Next release: Fri Jan 24, 2025 14:45 (Prel)

Frequency: Monthly

Consensus: 49.6

Previous: 49.4

Source: S&P Global

 



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24 01, 2025

Prohibitive dietary supplements bill introduce in NH

By |2025-01-24T03:49:11+02:00January 24, 2025|Dietary Supplements News, News|0 Comments


NH HB678 is sponsored by five Democrats and one Republican. Unlike bills in other states, the bill in the Granite State defines dietary supplements for weight loss or muscle building as products that may include specific ingredient classes, such as thermogens, lipotropics, hormones, and appetite suppressants. The bill does not list specific ingredients in each of these classes.

The bill also states that it would require pharmacies to “post a notice, that is provided by the Department of Health and Human Services, clearly communicating that certain over-the-counter diet pills, or dietary supplements for weight loss or muscle building are known to cause gastrointestinal impairment, tachycardia, hypertension, myocardial infarction, stroke, severe liver injury sometimes requiring transplant or leading to death, organ failure, other serious injury, and death; and imposes penalties on retail establishments that sell the supplements to minors.”

Commenting on the new bill, Kyle Turk, Vice President of Government Affairs for the Natural Products Association, told NutraIngredients-USA: “Legislators in New Hampshire are taking a step backward in personal health. Consumers across the state rely on these products to maintain their well-being and take proactive control of their health. Consumers deserve the right to make informed choices, not to have those choices taken away.

“HB 678 threatens access to safe, effective, and affordable dietary supplements that empower individuals to live healthier lives.”

Other states…

As reported by NutraIngredients-USA, state legislators in Virginia and Massachusetts introduced prohibitive bills this month. Those two bills were very similar, and specifically mention creatine, green tea extract, raspberry ketone, Garcinia cambogia, and coffee bean extract. The New Hampshire bill does not.

One such bill already became law in New York when Governor Kathy Hochel put her signature to it in 2023.

The Natural Products Association and the Council for Responsible Nutrition filed separate lawsuits against that law.

CRN said this week that the Massachusetts bill is even more prohibitive than the New York law.

“The Massachusetts bill takes the regulatory overreach we saw in New York and amplifies it to a whole new level,” said Steve Mister, President and CEO of CRN, in a press release. “The Massachusetts proposal directly targets retailers with burdensome requirements that prevent comparison shopping and create barriers to purchase that threaten to dismantle the industry’s ability to operate in the state.”

“By penalizing consumers and retailers rather than addressing the root causes of eating disorders among young people, Massachusetts is effectively punishing the very entities that ensure consumers have access to safe and high-quality products,” added Julia Gustafson, CRN’s Vice President of Government Relations.

“This overreach would lead to reduced choices and higher costs for consumers, all while undermining an industry that contributes significantly to the state’s economy.”



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24 01, 2025

3 Levels to Watch, This Can End XRP Price Rally, Dogecoin (DOGE) Receives Massive Helping Hand

By |2025-01-24T03:46:07+02:00January 24, 2025|Crypto News, News|0 Comments

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Trendlines that may be missed by many market participants indicate that Bitcoin is displaying a subtle but noticeable upward trend. The asset is continuing to rise despite a few recent declines, and it is showing important levels that traders should keep a careful eye on. 

The $99,500 range is the first level to keep an eye on because it coincides with a crucial trendline that has helped to stabilize the price movement of Bitcoin in recent months. The current upward trend is based on this level, which signals intense buying interest whenever the price gets close to it. 

Article image
BTC/USDT Chart by TradingView

Bitcoin’s bullish argument is strengthened by a hold above this level. The resistance at $107,000, a psychological barrier that Bitcoin recently tested, comes next. A surge of bullish sentiment would probably be triggered if the asset broke through this level – even though recent attempts to do so failed. This level represents a possible breakout point for additional gains because it coincides with the upper boundary of the indicated ascending trendline. Finally, the pivot level of $102,000 marks the middle of the current trading range for Bitcoin.

It is a key factor in determining momentum in the short term. A drop below might indicate a brief consolidation or a retest of the $99,500 support, while sustained price action above $102,000 would probably encourage buyers to push the price higher. Based on its positioning above important exponential moving averages and ascending trendlines, the overall technical picture indicates that Bitcoin is firmly in an uptrend. Despite market volatility and macro uncertainties, this structure shows that investors are becoming more confident. 

XRP’s rally in danger

Recently, XRP has formed a lower high, indicating possible trouble for its current rally. When the price peaks below the previous high, it is a bearish pattern that frequently signals waning momentum and the potential for a reversal.

XRP’s lower high around $3.20 on the chart indicates that resistance levels are getting more difficult to overcome. This is an important psychological level, and if higher prices are not pushed, buyers may be deterred from making a strong move. In order to prevent a further decline, the asset must hold onto critical support levels like $2.75, which are getting closer.

Related

Shiba Inu (SHIB) Price on Verge of Finding Second Bottom

A lower high formation may have a domino effect on market sentiment. It frequently means that buyers are less inclined to drive prices to all-time highs as selling pressure on the asset’s bullish energy increases. 

Losses could worsen if this pattern continues, as it may result in a declining trend. In spite of this, the price of XRP is still above important exponential moving averages such as the 50 EMA, and the overall trend is encouraging. But in order for the asset to regain its bullish momentum, these levels must be maintained. A decline beneath $2.75 might be the start of a more substantial correction.

Dogecoin aims for growth

Dogecoin is demonstrating tenacity as it recovers close to the bottom of its rising channel. Traders are closely watching the asset’s performance at this point because this crucial support level has served as a starting point for upward moves in the past. However, whether DOGE maintains this support or experiences a possible retracement will depend on its capacity to sustain its bullish trajectory. 

DOGE is currently trading at about $0.35, holding onto the lower edge of its upward channel, which is supported by the 50-day EMA. The rally’s sustainability is called into question due to the lack of significant upward momentum, even though it maintains this structure. The lower boundary of the ascending channel offers a crucial floor, but it is frequently weakened by repeated testing, raising the possibility of a breakdown.

Related

Dogecoin (DOGE) Sees Surge in $1 Million Transactions; What's Happening?

Because of the moderate volume levels, there may not be much buying pressure pushing DOGE higher. Near $0.31, or the 100-day EMA, is the next crucial support level if the asset is unable to maintain its position within the channel. Should DOGE break through this support, it might be the start of a more significant correction that could push it closer to the $0.25 range. 

If DOGE wants to restore its bullish confidence, it must overcome the $0.40 resistance. Reaching this goal would suggest that buyers are once again interested, and it might pave the way for a run toward earlier highs around $0.50. The asset may enter a longer period of consolidation if there is a break below the ascending channel, which could deter investors. 

Dogecoin’s low ranking in its channel provides some hope for the time being, but its future hinges on its ability to generate enough demand to offset selling pressure. Traders should be ready for both a breakout and a possible decline below key levels as the market keeps an eye on its movements.

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24 01, 2025

Natural Gas Price Forecast: Rest Day as Rising Trend Retained

By |2025-01-24T03:05:12+02:00January 24, 2025|Forex News, News|0 Comments


Rising into Consolidation

Trading remains within a rough two-week trading range reflecting some degree of consolidation near trend highs. Therefore, volatility may stay muted and choppy for the time being. Today could be a rest day following the bounce yesterday from the 20-Day MA (3.80) support zone that includes the day’s low at 3.71, now a higher swing low. That low is now part of the price structure of higher swing highs and higher swing lows pertaining to the rising trend.

Above 4.05 Shows Strength

A rally above today’s high of 4.05 will signal strength and the possibility of testing higher resistance levels. The 61.8% retracement of the most recent downswing is at 4.09, while a monthly high from December is at 4.20. There is confirmation of the monthly high at the 78.6% retracement, also at 4.20. Resistance could be seen around either of those price areas.

Higher up is a significant price level, a lower swing high and double top at 4.33. That swing high was a little shy of the recent trend high at 4.37. An advance above 4.33 would be needed before there was a clear bullish continuation signal for the trend. Until then the expectation is for resistance to be seen and further fluctuations within a range.

Key Support at 3.71

Nonetheless, a sign of weakening would first be indicated on a drop below this week’s low at 3.71. There is subsequently an identified potential support zone down to 3.64. Consequently, the 3.64 should provide a more significant price level as a drop below it looks like it leads to a lower potential support zone from 3.52 to 3.51. The lower price level is the 61.8% Fibonacci retracement.

For a look at all of today’s economic events, check out our economic calendar.



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