The Crypto Express

Japan mulls allowing local banks to buy and sell crypto.

#S&P 500 ANALYSIS The S&P 500 is consolidating within the ascending channel, with the Ichimoku Cloud providing strong support below, indicating underlying bullish strength and potential for further upside. Given its close correlation with the crypto market, the S&P’s next move will be crucial in determining broader risk sentiment, making this a key level to monitor closely.

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#XRP/USDT BUY SETUP XRP is consolidating within an ascending triangle pattern, trading above the support trendline. A breakout above both the Ichimoku Cloud and the pattern would confirm bullish momentum and trigger a strong rally. 🚀

#BTC/USDT ANALYSIS Bitcoin is trading below the resistance trendline of the descending broadening wedge pattern while moving within the Ichimoku Cloud. A solid breakout above the pattern will provide a bullish confirmation, whereas a rejection from the trendline could lead to further consolidation or downward movement.

#USDT DOMINANCE ANALYSIS USDT Dominance is consolidating within a descending triangle pattern, currently trading below the resistance trendline. The Ichimoku Cloud is acting as a resistance barrier above the price action. A breakout of the pattern could trigger a bullish move, while a rejection from the resistance trendline may lead to continued consolidation or a potential downward reaction. It's important to note that USDT.D frequently demonstrates an inverse correlation with the crypto market.

#SYN/USDT BUY SETUP SYN is rebounding from the support trendline of the falling wedge pattern. A solid breakout above the wedge will confirm bullish momentum and could trigger a strong rally.🚀

#BTC/USDT ANALYSIS Bitcoin is consolidating within the descending broadening wedge pattern, with the Ichimoku Cloud acting as a resistance barrier above it. A solid breakout above both the wedge and the cloud will confirm a bullish trend, while further price movement inside the pattern remains possible until a decisive breakout occurs.

#US DOLLAR ANALYSIS The US Dollar has broken down from the descending triangle pattern and is currently facing rejection from the breakdown level, where the 200MA is acting as a resistance barrier above the price action. It’s important to note that the Dollar’s movement often shows an inverse correlation with the crypto market.

Stripe-backed blockchain startup Tempo raises $500 million round led by Joshua Kushner's Thrive Capital and Greenoaks.

Huobi founder Li Lin set to launch $1 billion Ethereum treasury company.

#SOL 👀

#API3/USDT ANALYSIS API3 is trading above the horizontal demand zone level, where a rebound is expected. The Ichimoku Cloud is acting as a resistance barrier above the current price action. Keep an eye on the further price action developments.

Japan's big banks join forces on stablecoins to speed corporate payments: Nikkei

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Binance among crypto firms hit by French money-laundering checks.

Ripple Labs leads $1 billion raise for new XRP treasury: Bloomberg

#BTC/USDT ANALYSIS Bitcoin is rebounding from the support trendline of the falling wedge pattern. The Ichimoku Cloud is acting as a resistance barrier above the wedge. A solid breakout of the pattern will confirm a bullish trend, while a breakdown below the support trendline would invalidate the pattern and could lead to further correction in the market.

#TOTAL MARKET CAP ANALYSIS The total crypto market cap is facing rejection from the resistance trendline of the rising wedge pattern. Currently, it is trading above the marked horizontal S/R level, where a potential recovery can be expected. The Ichimoku Cloud is acting as a strong support below the pattern, reinforcing bullish sentiment. However, if the market loses this key S/R level, further correction in the crypto market could follow.

#BB/USDT ANALYSIS BB is consolidating within a descending broadening wedge, trading below the 21MA and 50MA, both serving as resistance barriers. A breakout above these moving averages and the pattern would confirm a bullish reversal.