The suspension of these accounts could disrupt upcoming projects and impact investor confidence in decentralized platforms. The post X accounts tied to Pump.fun, ElizaOS, and GMGN suspended appeared first on Crypto Briefing.

X accounts tied to Pump.fun, ElizaOS, and GMGN suspended

The BitMEX founder warned that most new stablecoin issuers will be overvalued 
and likely fail due to locked distribution channels.

Arthur Hayes says to trade new stablecoin IPOs like a ‘hot potato’

Cardano price started a fresh decline below the $0.680 zone. ADA is now 
consolidating and might struggle to stay above the $0.620 support. ADA price 
started a fresh decline below $0.70 and $0.680. The price is trading below 
$0.680 and the 100-hourly simple moving average. There is a key bullish trend 
line forming with support at $0.630 on the hourly chart of the ADA/USD pair 
(data source from Kraken). The pair could start a fresh decline if it dips 
below the $0.620 support zone. Cardano Price Dips Further In the past few 
days, Cardano saw a fresh decline below the $0.720, unlike Bitcoin and 
Ethereum. ADA even declined below the $0.70 level to enter a bearish zone. The 
bears even pushed the price below the $0.680 level. A low was formed at 
$0.6134 and the price recently corrected some losses. There was a move above 
the $0.620 and $0.6350 levels. The price climbed above the 23.6% Fib 
retracement level of the downward move from the $0.7311 swing high to the 
$0.6134 low. However, the bears remained active near $0.6560. Cardano price is 
now trading above $0.620 and the 100-hourly simple moving average. Besides, 
there is a key bullish trend line forming with support at $0.630 on the hourly 
chart of the ADA/USD pair. On the upside, the price might face resistance near 
the $0.650 zone. The first resistance is near $0.6560. The next key resistance 
might be $0.6720. It is close to the 50% Fib retracement level of the downward 
move from the $0.7311 swing high to the $0.6134 low. If there is a close above 
the $0.6720 resistance, the price could start a strong rally. In the stated 
case, the price could rise toward the $0.70 region. Any more gains might call 
for a move toward $0.7350 in the near term. Another Drop In ADA? If Cardano’s 
price fails to climb above the $0.6720 resistance level, it could start 
another decline. Immediate support on the downside is near the $0.630 level. 
The next major support is near the $0.620 level. A downside break below the 
$0.620 level could open the doors for a test of $0.60. The next major support 
is near the $0.5650 level where the bulls might emerge. Technical Indicators 
Hourly MACD – The MACD for ADA/USD is gaining momentum in the bearish zone. 
Hourly RSI (Relative Strength Index) – The RSI for ADA/USD is now below the 50 
level. Major Support Levels – $0.630 and $0.620. Major Resistance Levels – 
$0.6560 and $0.6720.

Cardano (ADA) Faces Trouble at Key Support — Is a Breakdown Looming?

The crypto market has been experiencing a rebound during today’s session with 
Ethereum showing strong momentum. The second largest crypto by market cap has 
been trending sideways displaying an increasing selling pressure on higher 
timeframes, but today ETH holders seem hopeful of further gains. Related 
Reading: Brace For Impact: Bitcoin Price Primed For Deep Correction Below 
$90,000 At the time of writing, Ethereum is trading at around $2,600 with a 
3.5% gain on the past 24 hours. Over the past week, the ETH price shows larger 
gains with 4.3% returns, the best performance on this timeframe amongst the 
biggest cryptocurrencies. Ethereum price trends to the upside on the daily 
chart. Source: ETHUSD on Tradingview Ethereum Price On Brink Of Massive 
Recovery According to Daan Crypto, the current price action for Ethereum shows 
classical signs of compression. This action is usually recorded when an asset 
is about to experience a massive spike in volatility, either to the upside or 
the downside. The analyst pointed out that Ethereum has been trading in a 
tight range, trapped between two critical levels. If buyers manage to push the 
price above the first of these levels, sitting at $2,851, then the second 
crypto by market cap is likely to trend to the upside. ETH price trading on a 
tight range on the 2 day chart. Source: Daan Crypto via X On the contrary, if 
sellers regain control over the ETH market, and price dips below its current 
levels, then the price is more likely to return to the bottom of its current 
range, sitting at $2,168. Daan Crypto stated the following, warning his 
followers on taking positions as the Ethereum price consolidates: ETH Price 
action is compressing right below this big $2.8K level. If we&#8217;d see a 
convincing break above $2.8K and hold there, that would be a good setup for a 
move to the cycle highs around ~$4K. If we do lose this current range then 
$2.1K is the big high timeframe level to watch. No reason to get over excited 
in either direction until this current consolidation/compression resolves. ETH 
Price Rally to Ignite Massive Alt Season On a separate note, analyst Cantonese 
Cat showed the Ethereum price dominance chart, used to gauge the percentage of 
the total crypto market cap represented by ETH. As seen in the chart below, 
this chart is tightly compressed according to the Bollinger Band indicator. 
Related Reading: $8 Dogecoin? Analyst Says You’ll Regret Sleeping On This 
Chart When these bands compressed, they hint at an upcoming violent move 
suggesting that Ethereum will abandon its current range soon. If the crypto 
rallies, then other altcoins are likely to follow and kickstart the beginning 
of a global upward trend for these assets. ETH Dominance&#8217;s Bolling Bands hint 
at upcoming volatility on the 2 day chart. Source: Cantonese Cat via X On the 
upcoming alt season, Jameson Lopp, Co-Founder and Chief Security Officer at 
crypto custodian CASA, stated the following noting the potential new variables 
that will trigger it: Altseason is coming, just not how you think. Instead of 
being driven by new tokens on crypto exchanges it will be from new equities on 
tradfi exchanges. Cover image from Unsplash, ETH/USD chart from Tradingview

Ethereum’s $4K Target Within Reach, Here’s What Needs to Happen First

Some have labeled it pseudoscience, but for decades, this simple little trick 
has accurately predicted the onset of various global conflicts. The Unlikely 
War Oracle: How Pizza Orders Predict Global Conflicts “As of 6:59pm ET nearly 
all pizza establishments nearby the Pentagon have experienced a HUGE surge in 
activity,” wrote the Pentagon Pizza Report X […]

The Curious Case of the Pentagon Pizza Index: It Accurately Predicts Wars

Hong Kong tech investment firm MemeStrategy has added Solana to its balance 
sheet and has pledged to stake Solana tokens to support network security and 
earn rewards.