Tag: participants

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Chainlink Shows Strong Accumulation Signal: LINK Exchange Liquidity Dries Up

The post Chainlink Shows Strong Accumulation Signal: LINK Exchange Liquidity Dries Up appeared com. Chainlink is trading under sustained pressure as the price continues to struggle below the $13 level, failing to regain the bullish momentum that defined earlier phases of the market cycle. Repeated attempts to reclaim higher ground have been rejected, reinforcing a cautious outlook among traders. As broader market sentiment remains fragile, a growing number of analysts are warning that LINK could face additional downside before a meaningful recovery takes shape. Despite the weak price action, on-chain data tells a more nuanced story. Analyst at CryptoQuant, known as CryptoOnchain, reports that recent market data reveals a compelling convergence between on-chain metrics and technical structure, pointing to growing accumulation activity at current levels. While price remains compressed, underlying behavior suggests that larger market participants may be positioning quietly rather than exiting. This divergence between declining price and improving on-chain signals is often observed during transitional phases of the market, when selling pressure begins to fade, but confidence has not yet returned. According to CryptoOnchain, indicators tracking exchange flows and holder behavior show signs of significant buying interest emerging beneath the surface, even as LINK struggles to attract speculative demand. Exchange Outflows and Long-Term Support Point to Accumulation The analysis highlights a notable shift in Chainlink’s on-chain and technical dynamics, starting with exchange netflows. According to the Binance Altcoins Token Netflow 7-day chart, Chainlink has seen a substantial withdrawal from Binance over the past week, with total outflows approaching $50 million. This magnitude stands out when compared with other large-cap altcoins such as Uniswap (UNI) or The Sandbox (SAND), which have not experienced similar capital movements over the same period. In on-chain analysis, large and sustained exchange outflows are commonly interpreted as a reduction in immediate selling pressure. Rather than preparing to sell, holders appear to be moving LINK into self-custody or long-term.

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As XRP Price Recovers It Must Defend this Support to Reclaim $3

The post As XRP Price Recovers It Must Defend this Support to Reclaim $3 appeared com. Key Insights: XRP price recovered over 6% in 24 hours despite struggling near the $2 mark. The hike comes after a broader crypto market selloff and XRP ETF optimism. Top experts reveal XRP price to hit $3 if it reclaims a key support level ahead. XRP price has continued to stay in the red, struggling to stay in the positive territory over the past few days. Notably, the recent dip of Ripple coin below the $2 mark has further fueled discussions over how low the crypto might go in the coming days. It’s worth noting that the continuing dip comes despite the hype over the XRP ETF launch in the US. In addition, the altcoin ETF market has recently heated up, with Dogecoin, Solana, and others also in the spotlight amid their ETF launches. Despite that, the positive developments have failed to lift the market sentiment. In addition, a brutal crypto market crash yesterday, with Bitcoin and top altcoins recording double-digit percentage losses, has spooked traders. Over the last couple of days, the market has suffered quite a few setbacks, in that, Bitcoin price slipped near $80,000, and Ethereum price went lower to $2, 600, among other developments. Now, let’s take a quick tour of the major support and resistance levels for XRP price, which might provide further cues on the potential future movement of the coin. XRP Price Recovers After Broader Crypto Market Selloff XRP price today displayed over 6% recovery in 24 hours, and traded at $2. 03 at the time of writing, rising from a 24-hour low of $1. 8. Notably, the trading volume of the asset has continued to fall significantly by over 50% to $3. 6 billion, indicating declining activity in the market. The Ripple coin price has slipped to as low as $1. 89 in the last 24 hours,.

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Shiba Inu faces massive token outflow and steady price

The post Shiba Inu faces massive token outflow and steady price appeared com. 207 billion SHIB tokens exit exchanges in 24-Hour period, largest outflow in months. Summary 207 billion SHIB tokens exited exchanges in 24 hours, marking the largest withdrawal in months. Despite major outflows, SHIB’s price remained stable due to weak market momentum and technical resistance. Investors show neutral stance, holding tokens as Shiba Inu awaits new project announcements. Shiba Inu (SHIB) experienced a major withdrawal event when 207 billion SHIB tokens exited cryptocurrency exchanges throughout a single day according to CryptoQuant data. The recent withdrawal stands as one of the biggest single-day withdrawals since the last few months. The CryptoQuant data shows that 121 billion SHIB tokens left exchanges during November 15 before continuing their exit pattern into November 16. The exchange supply reduction failed to influence SHIB price movements because of existing technical obstacles. The token operated at a support area when analysts conducted their assessment. The Relative Strength Index showed 39 while all major moving averages maintained positions above current market value according to technical analysis. The Relative Strength Index showed 39 which indicates weak market momentum. The trading activity stayed at a constant level because investors chose to keep their positions instead of selling their assets according to market statistics. Technical analysts predict SHIB needs to break past its current support levels to test the first resistance area where moving averages intersect. The current token price remains below both resistance levels which have not faced testing since the start of the token outflow. The exchange data shows no connection between market price movements and token withdrawal activities. The accelerated exchange token withdrawals create a situation where sellers face reduced available supply. Market participants who remove their tokens from exchanges indicate they want to keep their positions instead of selling their assets. The current market behavior differs from distribution.

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BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists

The post BLS to Release Jobs Report on Nov. 20 as Uncertainty Over Fed Rate Cut Persists appeared com. The Bureau of Labor Statistics (BLS) has provided an update on when it will release the September jobs report following the U. S. government reopening. This comes as the December Fed rate cut decision remains uncertain, with some Fed officials indicating that a softening labor market may no longer be enough to warrant a cut. Amid this uncertainty, crypto traders are currently paring their bets on another cut in December. BLS To Release Jobs Report Next Week Amid Fed Rate Cut Uncertainty In a release, the BLS announced November 20 as the revised release date for the September jobs report, with the data dropping at 8: 30 am ET. The jobs report will be the first macro data that the BLS will release following the reopening of the U. S. government. The agency failed to provide an update on when it will release the October jobs report. There is also no update on when the BLS will release the October CPI and PPI reports. Notably, the agency released the September CPI report during the government shutdown, the only macro data it released during that period, just before the October Fed rate cut decision. The jobs data and other macro data that the BLS may release soon will influence the Fed’s decision at the December FOMC meeting. These macro data are also expected to give market participants insights into what the rate-cut decision might be at that meeting, amid uncertainty over whether the committee will lower rates. The committee has already made two Fed rate cuts this year, mainly due to concerns about a softening labor market. However, some Fed officials have suggested that the softening labor market may no longer be sufficient to justify lowering interest rates, especially with inflation well above their 2% target. Fed President Jeff Schmid stated that further cuts will have long-lasting.

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Dharma Productions set to launch two newcomers after massive talent hunt

In a major announcement that has set the industry abuzz, Karan Johar’s Dharma Productions is gearing up to introduce two fresh faces to the big screen. The production house, known for shaping some of Bollywood’s biggest stars, is all set to launch a boy and a girl, both selected through one of Dharma’s most extensive talent hunts to date. According to insiders, the hunt saw over 500 auditions from across the country, with participants competing for a dream debut under one of India’s most prestigious banners. What makes this launch particularly significant is that both newcomers come with no industry connections. They are complete outsiders, chosen purely for their raw talent, screen presence, and cinematic potential. A source close to the development revealed that Dharma is taking this move as part of its effort to bring in fresh, relatable faces who can connect with today’s evolving audience. “The focus is on authenticity and performance rather than lineage. This marks a new chapter for Dharma in discovering and nurturing talent,” the source shared. With the industry’s growing demand for new energy and untapped talent, this decision by Dharma Productions reinforces its commitment to shaping the next generation of Bollywood stars. The identities of the two debutants remain under wraps for now, but an official reveal is expected soon, sparking anticipation across the film fraternity and among movie enthusiasts. Also Read : Laapataa Ladies fame Pratibha Ranta to join Kartik Aaryan in Naagzilla: Report.

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