The EURUSD price keeps rising to hit the broken neckline of the head and shoulders’ pattern that its signs appear on the chart, which turns into key resistance at 1.0385$, as the price needs to breach this level to confirm the continuation of the bullish wave that targets testing 1.0455$ as a next main station.
Until now, the bullish trend still suggested for the upcoming period conditioned by the price stability above 1.0325$, as breaking it represents the key to turn to decline and head to test the previously recorded low at 1.0220$.
The expected trading range for today is between 1.0300$ support and 1.0465$ resistance
The XRP market continues to be trapped within an overall larger sideways range. Recently, the market experienced a sharp decline, but the price only dropped from the top of the range at $3.40 down to the $1.96 level, which has acted as a key structural support.
The $1.96 level, in particular, has been tested multiple times since early December 2024 and has shown resilience. Although the price momentarily dropped below this level, it quickly rebounded, signaling strong buying interest. This suggests the $1.96-$2.40 range remains a crucial area to watch.
Looking further into the chart, the analysts identify two main ranges: the wider range, which extends down to the $1.20 support area, and a narrower range between $1.96 and $3.40. The larger $1.20-$3.40 range is important to understand, as it serves as the foundation for long-term price behavior.
Potential for Price Pullback:
As of now, XRP appears to be in the midst of a pullback, with the price possibly facing a corrective phase. The rally from Monday’s low seems to be corrective in nature, meaning there’s a risk that it could reverse and lead to further downside. For confirmation of a more significant pullback, we would need to see the price break below the previous swing low at $2.48. If this happens, the $1.20 support zone will become more relevant for those tracking the long-term trend.
Is XRP Stuck in a Range?
The XRP market is currently consolidating within a defined trading range. While it’s impossible to predict how long this range will last, the market is likely to remain within this range for some time. The price is currently down by more than 7 percent and is retesting the levels below $2.55.
San Francisco, CA, United States, February 4th, 2025, Chainwire
SKALE Labs Set to Play Host to the Novel, Dual-Format Trading Card Game Developed by What is This Studios, Launching on Epic Games Store.
SKALE Labs, the team behind the gas-free invisible blockchain network, today announced that What Is This Sorcery (WITS), a game that will shortly begin its season 0 on SKALE, has become the first Web3 gaming project supported by Kickstarter. The industry-defining trading card game was chosen for its unique approach to merging physical collectibles with the interactive dynamism of digital gameplay.
WITS sets itself apart with its innovative use of Near Field Communication (NFC), a technology that allows for contactless communication between NFC-enabled devices. WITS’ NFC-enabled physical cards allow players to authenticate ownership, trade cards with a tap, and enhance the collectibility of their decks. The physical cards are embedded with NFC chips, which not only hold value as collectibles but also allow for seamless integration into digital battles. The Kickstarter campaign will focus on funding the production of WITS’ first physical card set while helping to grow the game’s vibrant community.
SKALE Chief Marketing and Growth Officer, Andrew Saunders, commented on today’s news: “This is a revolutionary moment for both Web3 and the trading card game genre, and we’re incredibly excited to see Kickstarter directly supporting and embracing this new, immersive experience as we prepare for its launch on SKALE. WITS represents the next step in the evolution of Web3 gaming and we’re thrilled to be a part of its continued development.”
Kickstarter backers will enjoy exclusive perks, including:
Exclusive Cards and Accessories: Backers will receive limited-edition WITS collectibles tied directly to the game’s ecosystem.
Stretch Goals: Unlock full art rare cards, holo variants, and more.
Early Access and Rewards: Early supporters will gain access to gameplay, plus unique rewards and exclusive items.
Nick Grossi, CEO and Co-Founder of WITS added, “Blending digital and physical gameplay allows users to connect, create, and compete in ways never before possible. We are excited to join SKALE’s growing roster of games in the near future, and today’s launch of the Kickstarter campaign is just the beginning. We can’t wait to build this magical world together with our community.”
With over 200 games in development and more than 50 Million active gaming wallets on the SKALE network, WITS will soon join a growing ecosystem of more than 1 Million daily active users who have leveraged SKALE technology to save gamers over $11 Billion in gas fees to date. Web3 games on SKALE have also recorded higher social activity than those on competitive chains, and adoption continues to accelerate as next-generation games continue to join the network. By combining cutting-edge blockchain technology with an immersive trading card experience, WITS is setting a new standard for what’s possible in the world of digital collectibles and Web3 gaming.
Users can visit the Kickstarter for more information: https://www.kickstarter.com/projects/whatisthisstudioltd/what-is-this-sorcery-trading-card-game
About SKALE Labs
SKALE Labs is the foundation behind SKALE, the gas-free invisible blockchain network designed to scale gaming, AI, social, and high-performance dApps to the masses. SKALE is BUILT DIFFERENT. Chains are gas-free, fast, modular, and fully EVM-Compatible, making them ideal for a wide range of decentralized applications. With a commitment to driving the mass adoption of Web3 technologies, SKALE empowers developers and businesses to build scalable, efficient, and user-centric blockchain applications.
Harmonizing speed, security, and decentralization, SKALE Labs was born in Cali in 2018 by Jack O’Holleran and Stan Kladko, PhD. As of 2024, the network serves over 50 Million unique active wallets and has saved users $11 Billion in gas fees.
About WITS
What Is This Sorcery? (WITS) is a trading card game (TCG) that seamlessly blends physical and digital gameplay. Powered by blockchain technology, WITS integrates NFC-enabled cards to authenticate ownership, enable tap-to-trade functionality, and enhance collectibility. Set in the magical universe of Catena, players align with one of ten unique factions to compete, collect, and dominate in Season 0, shaping the evolving story of the WITS universe. WITS combines strategic depth, compelling lore, and cutting-edge technology to create an experience for gamers and collectors alike.
Contact
Senior Account Director Dillon Arace M Group Strategic Communications darace@mgroupsc.com
Brent oil price rallied upwards strongly yesterday to test 77.05$ level, and attempted to breach it but it consolidated below it, as the EMA50 formed solid resistance that prevented the price to continue the rise, noticing that the price begins today with bearish bias that hints heading to resume the expected bearish trend for the upcoming period, which its targets begin by breaking 75.66$ to confirm heading towards 74.00$ as a next main station.
Stochastic shows negative signals that support the expected decline, which will remain valid conditioned by the price stability below 77.05$.
The expected trading range for today is between 74.90$ support and 77.90$ resistance.
The EURUSD price keeps rising to hit the broken neckline of the head and shoulders’ pattern that its signs appear on the chart, which turns into key resistance at 1.0385$, as the price needs to breach this level to confirm the continuation of the bullish wave that targets testing 1.0455$ as a next main station.
Until now, the bullish trend still suggested for the upcoming period conditioned by the price stability above 1.0325$, as breaking it represents the key to turn to decline and head to test the previously recorded low at 1.0220$.
The expected trading range for today is between 1.0300$ support and 1.0465$ resistance
If you’re exploring ways to spice up your wellness routine, chances are turmeric supplements have caught your attention. Praised for their ability to stamp out inflammation, these golden capsules have become popular among those seeking natural ways to support their health. Turmeric supplements are often formulated with enhanced absorption and a higher concentration of potent compounds than what you’d find in the spice you’d typically use in cooking. But do they really live up to their claims?
We spoke with registered dietitians to break down the benefits, potential risks and what you should know before adding turmeric supplements to your daily regimen.
What is Turmeric?
Turmeric is a golden-yellow spice that comes from the root of the Curcuma longa plant, native to Southeast Asia. With its distinctively warm and earthy flavor, turmeric has been used as a culinary spice and traditional medicine for thousands of years.
It’s particularly valued for its beneficial compounds. Most notably, turmeric contains active compounds called curcuminoids that have been isolated and studied for their positive effects on the body, says Meghan Pendleton, M.S., RD, a registered dietitian. Within the class of curcuminoids, curcumin is commonly promoted as a beneficial supplement for a myriad of health conditions, as outlined below.
Health Benefits of Turmeric
May Lower Inflammation
While short-term inflammation is a natural and necessary part of the body’s healing process, prolonged inflammation (AKA chronic) can contribute to the onset of chronic conditions. Among natural remedies, turmeric is widely recognized for its ability to combat inflammation. “Its active compound, curcumin, is the driving force behind its anti-inflammatory effects,” says Emily Niswanger, M.S., RDN, a functional registered dietitian. Curcumin supplements have been shown to reduce inflammation by suppressing the pathways that lead to an inflammatory response, Niswanger explains. She adds that curcumin also functions as an antioxidant, helping to clear free radicals from the body that damage healthy cells and tissues.
May Reduce Joint Pain
Turmeric’s anti-inflammatory and antioxidant properties have also been shown to alleviate joint pain. “Curcumin can reduce joint pain and stiffness by inhibiting inflammatory pathways, such as cyclooxygenase-2 (COX-2) and tumor necrosis factor-alpha (TNF-α), which are often overactive in arthritis,” says Erin Kenney, M.S., RDN, a registered dietitian. She emphasizes that studies have shown that turmeric supplementation can be as effective as some nonsteroidal anti-inflammatory drugs (NSAIDs) in relieving osteoarthritis symptoms without the associated side effects, such as indigestion, constipation, drowsiness and dizziness. However, more high-quality research is needed to confirm its effectiveness and determine the optimal dosage for relieving joint pain.
May Support Heart Health
The curcumin in this golden spice may even boost your heart health. “Curcumin helps reduce systemic inflammation, oxidative stress and LDL cholesterol oxidation, all of which contribute to heart disease,” says Kenney. She highlights that it also improves endothelial function, which supports healthy blood vessel function and circulation. Some research suggests that turmeric supplements may help lower systolic blood pressure when taken for more than twelve weeks. However, no impact has been observed for diastolic blood pressure, says Niswanger.6 As a reference, systolic blood pressure is the upper number in your blood pressure measurement, whereas diastolic blood pressure is the lower number. While these findings are encouraging, additional research is needed to fully understand the long-term impact of turmeric supplements on heart health.
May Improve Gut Health
The benefits of turmeric supplements may also extend to the gut. “Due to its anti-inflammatory and antioxidant properties, curcumin can help reduce inflammation in the gut, potentially benefiting conditions like irritable bowel syndrome (IBS) and inflammatory bowel disease (IBD),” says Kenney. She explains that curcumin may also promote a balanced gut microbiome by encouraging the growth of beneficial bacteria and reducing harmful ones. Additionally, she also notes that it may support bile production, which is required for fat digestion and overall digestive health.
Might Enhance Brain Health
Pendleton says protecting the brain from inflammation and oxidative damage is crucial for maintaining cognitive function, as both are closely linked to the development of neurogenerative diseases. Curcumin has shown potential in several studies for reducing these harmful processes and improving cognitive outcomes in people with Alzheimer’s disease. However, Pendleton highlights that, while these results are promising, more long-term human studies are needed to fully assess turmeric’s impact on chronic neurological conditions.
Potential Risks and Precautions
While curcumin, the active ingredient in turmeric, is generally safe at doses up to 8 grams, it does come with risks. Kenney notes that some individuals may experience common gastrointestinal side effects, including nausea, diarrhea and bloating. Additionally, turmeric supplements may interfere with iron absorption, particularly affecting those with iron-deficiency anemia, explains Pendleton.
Rare but serious side effects, such as liver injury, have been reported in case studies involving high-potency curcumin supplements, says Niswanger. Fortunately, symptoms of liver toxicity typically resolve once supplementation is discontinued. Kidney issues, including an increased risk of kidney stones, have also been linked to turmeric supplements.
The lack of standardized formulations in turmeric supplements raises concerns about quality and safety. Pendleton says that without chemical analysis of every batch, it’s difficult to know the precise composition of the product you’re taking. She adds that contamination with heavy metals, stemming from the soil in which turmeric is grown, is another potential risk due to inadequate safety testing.
Who Should Avoid Taking Them?
While some people may benefit from taking turmeric supplements, others may need to avoid them. “Caution is advised for individuals with gallbladder issues, bleeding disorders, kidney stones, or hormone-sensitive conditions,” says Kenney. Pregnant and breastfeeding individuals should avoid high-dose turmeric supplements, as their safety has not been adequately studied in these groups. In addition, people taking certain medications such as blood thinners, antidiabetics, antacids, immunosuppressants and hormone therapies should consult a healthcare provider before supplementing with turmeric due to potential adverse interactions.
What to Look For in Turmeric Supplements
When choosing the ideal turmeric supplement, Niswanger recommends sourcing it from a reputable company that performs third-party testing. This ensures the supplement is free from high contaminants and contains the ingredients and dosages stated on the label.
For better absorption and enhanced effectiveness, Kenney suggests choosing a turmeric supplement that contains black pepper extract (piperine)—unless contraindicated. She also recommends taking it with a meal that contains healthy fats to further boost absorption and maximize its benefits.
Turmeric supplements offer a convenient and concentrated way to tap into the potential benefits of curcumin, particularly in reducing inflammation and oxidative stress. While research is promising for conditions like joint pain, heart disease, IBS and Alzheimer’s, more research is needed to confirm its effectiveness. As with any supplement, it’s important to consult a healthcare provider to discuss your unique medical history, potential side effects and medication interactions associated with taking turmeric. “Turmeric is much safer and more delicious eaten as a whole spice versus a highly concentrated supplement form,” says Pendleton. However, if you do choose to take a turmeric supplement, it’s important to ensure it fits into a well-balanced dietary regimen.
Frequently Asked Questions
Is it good to take turmeric every day?
Taking a turmeric supplement is considered safe at doses up to 8 grams. However, more research is needed on its long-term use. Before incorporating new supplements into your daily routine, you should always consult your healthcare provider to discuss potential medication interactions and side effects.
Can turmeric burn abdominal fat?
Limited research suggests that turmeric’s bioactive compound, curcumin, may indirectly support weight management by reducing inflammation and oxidative stress and by improving metabolic health. However, research on this topic is fairly new, with limited studies directly linking turmeric supplements to lower abdominal fat.
What organs benefit from turmeric?
Research suggests that turmeric can benefit several organs, including the heart, joints, gastrointestinal tract and brain. However, more studies are needed before definitive conclusions can be drawn.
What cannot be mixed with turmeric?
People who take medications like blood thinners, antidiabetics, antacids, immunosuppressants and hormone therapies should avoid taking a turmeric supplement. Combining turmeric with these medications can interfere with their effectiveness or cause adverse side effects. Therefore, it’s always best to consult your healthcare provider and err on the side of caution when taking herbal and conventional medicines.
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The drop to a new retracement low of $71.22 earlier in Tuesday’s session triggered a breakdown below the 50-Day MA at $75.23. This is generally bearish, but the intraday recovery reclaimed the 50-Day line, which is a bullish sign. Sellers had the chance to take it lower and they couldn’t do it. In other words, there was a failed breakout through a pivot level. Failed breakouts can provide signals for the opposite direction.
Whether that bullish indication continues remains to be seen. But it does show the market recognizing the 50-Day line. Therefore, it becomes a key short-term pivot level that should show signs of support if tested again. Moreover, if crude falls back below the 50-Day line and stays below it, that would be a short-term bearish sign.
Watch and Wait?
In addition to the failure of support at the 50-Day MA, the 61.8% Fibonacci retracement at $72.32 was also exceeded to the downside. Therefore, today’s potentially bullish behavior may not result in further strength, and the correction could continue. As noted above, the first sign of further weakness would be a drop below 50-Day MA. Today’s low price would then provide the next key lower pivot level, and if that low fails as support, the 78.6% retracement is down at $70.03. It would become the next lower target. A couple more days of price history should help provide other price levels.
Upside Breakout Above $73.93
On the upside, a breakout above today’s high of $73.93 shows strength. But crude oil would be heading up into a resistance zone starting with the nearby internal trendline. There was a five-day consolidation range during the recent decline following a drop below the 200-Day MA, currently at $74.95. The area around the 200-Day MA could show some resistance on the way up, as well as the 20-Day MA.
A little above the 200-Day line is the 20-Day MA at $75.95. That looks like the next more significant upside pivot since it was tested as resistance during intraday volatility on Monday. Notice that Monday’s high of $75.82 saw resistance a little below the 20-Day MA.
For a look at all of today’s economic events, check out our economic calendar.
Ethereum price (ETHUSD) returns to fluctuate at 3222.00$ level, waiting to break this level to confirm extend the correctional bearish wave and open the way to visit 3017.30$ as a next negative target.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 3425.50$ will stop the bearish wave and push the price to start recovery attempts on the intraday and short term basis.
The expected trading range for today is between 3120.00$ support and 3380.00$ resistance.
On February 4, 2025, at 10:45 AM UTC, a tweet from Crypto Rover (@rovercrc) highlighted the investment in $SNOVA, a token associated with StacknovaBTC, at a price of $0.045, which was reported to be 70% below its listing price (Source: Twitter, @rovercrc, February 4, 2025). The tweet emphasized the narrative of Bitcoin DeFi combined with AI as a significant driver for market growth, suggesting that volatile markets offer substantial opportunities. This narrative is reflected in the recent surge in trading volumes for AI-related tokens, with $SNOVA experiencing a 24-hour trading volume increase of 150% to 5.2 million tokens as of February 4, 2025, at 11:00 AM UTC (Source: CoinGecko, February 4, 2025). Additionally, the broader market sentiment towards AI and DeFi projects has been positive, as evidenced by the 10% increase in the total market cap of AI tokens over the past week (Source: Messari, February 4, 2025).
The trading implications of this event are significant for investors focusing on AI and DeFi sectors. On February 4, 2025, at 11:15 AM UTC, $SNOVA’s price increased by 8% to $0.0487, suggesting immediate market interest following the tweet (Source: CoinMarketCap, February 4, 2025). This price movement aligns with a broader trend where AI-related tokens like $FET (Fetch.AI) and $AGIX (SingularityNET) also saw gains of 5% and 6% respectively within the same timeframe (Source: TradingView, February 4, 2025). The increased trading volume of $SNOVA indicates strong market interest, particularly in tokens that combine AI and DeFi functionalities. Furthermore, the correlation between $SNOVA’s performance and major cryptocurrencies like Bitcoin and Ethereum was notable, with $SNOVA showing a 0.7 correlation coefficient with Bitcoin’s price movements over the last 24 hours (Source: CryptoQuant, February 4, 2025). This suggests that $SNOVA’s price movements are closely tied to broader market trends.
Technical analysis of $SNOVA’s price movements on February 4, 2025, at 11:30 AM UTC reveals several key indicators. The Relative Strength Index (RSI) for $SNOVA stood at 68, indicating that the token was approaching overbought territory (Source: TradingView, February 4, 2025). The Moving Average Convergence Divergence (MACD) showed a bullish crossover, suggesting potential for further upward momentum (Source: TradingView, February 4, 2025). On-chain metrics further support this analysis, with the number of active addresses for $SNOVA increasing by 20% to 12,500 over the past 24 hours, indicating growing investor interest (Source: Glassnode, February 4, 2025). Additionally, the trading volume for $SNOVA/BTC pair increased by 120% to 1.1 million tokens, while the $SNOVA/ETH pair saw a 90% increase to 800,000 tokens, demonstrating strong demand across multiple trading pairs (Source: CoinGecko, February 4, 2025). The AI-crypto market correlation is evident as AI-driven trading algorithms have contributed to a 10% increase in overall trading volumes for AI tokens, with $SNOVA being a significant beneficiary (Source: Kaiko, February 4, 2025).
The integration of AI technologies into the cryptocurrency market has been a significant driver of market sentiment. On February 4, 2025, at 11:45 AM UTC, reports indicated that AI-driven trading volumes accounted for 15% of total trading volumes for AI-related tokens, up from 10% a week prior (Source: Kaiko, February 4, 2025). This increase reflects growing confidence in AI’s ability to enhance trading strategies and market analysis. The correlation between AI developments and crypto market sentiment is clear, with positive AI news leading to a 5% increase in the market cap of AI tokens over the past 24 hours (Source: Messari, February 4, 2025). For traders, this presents opportunities to leverage AI-driven insights for more informed trading decisions, particularly in tokens like $SNOVA that are at the intersection of AI and DeFi.
In summary, the tweet from Crypto Rover has sparked significant interest in $SNOVA, driven by the compelling narrative of Bitcoin DeFi and AI integration. The immediate price increase, coupled with strong trading volumes and positive technical indicators, suggests that $SNOVA is poised for further growth. The AI-crypto market correlation is evident, with AI developments directly impacting trading volumes and market sentiment. Traders should closely monitor these trends and consider the potential for AI-driven trading strategies to capitalize on these opportunities.
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