By VESA

Postmodernism isn’t just an art issue—it’s everywhere. This single, pervasive philosophy has seeped into big tech, corporations, legislation, media, and nearly every major institution, often strangling genuine creativity, diversity of thought, and depth. For comparison, there are around 200 other philosophies, 4,300 religions, the male perspective, homemaker moms, the working class, the diminishing middle class, the scientific paradigm, and much more that are left out of gallery circles simply because they don’t fit the dominant narrative, which paradoxically claims to be the one that’s repressed. It’s really a luxury belief for the modern aristocracy—a tool for control—and the Marxist roots always emerge when pressure is applied.

Postmodernism’s defining trait is deconstruction, pulling apart concepts and ideals without ever offering a cohesive path forward. It’s a circular maze that keeps doubling back on itself, producing increasingly bizarre conclusions to solve the very problems it creates. Real solutions lie in expanding the field of view beyond this single frame, embracing a diversity of philosophies, religions, and perspectives that have grounded humanity for millennia. The real power of Web3 lies in its ability to do just that: to break art and culture out of this one-note narrative, empowering creators and thinkers alike to explore beyond the limits imposed by postmodernism.

This is what we missed in the first run of NFT’s importing the same postmodern experts from the realm we were trying to break free from. That and some better tech solutions for sustainable art, as some of the falling platforms have showed.

Funny, not funny

It turns out that holding contempt for ideas and their significance means that, time and again, the working class ends up being ruled by them. While I understand why this is amusing to some, I see how many are now disillusioned, as the humanities have been overtaken by a single, monolithic ideology. Similarly, the U.S. intelligentsia’s “flyover states” disdain is now facing a reckoning with the MAGA hat in a very different way after 40 years of indulging in postmodern ideas and scorn. The underbelly of the speech in A Bug’s Life is surfacing, too.

You can’t only summarise postmodernism to be woke and Marxist, but you aren’t far off. In case you want to hear the foundations, Steven Hicks has a brilliant analysis and summary of it. You might have to spend 3hrs to save your life & community to get it, so it’s not that long, really

Part I – Philosophy foundations Part II – Relevance now

For five long decades, postmodernism has held art in a chokehold, enforcing its narrow, often cynical, view of reality. Art became a reflection of society’s fragmentation, alienation, and obsession with irony—what I call the “postmodern monolithic rule.” While postmodernism initially sought to challenge established norms, it has since become the new establishment, dictating an increasingly restrictive narrative. The art world under postmodernism has marginalised genuine exploration, profound beauty, and universal human truths.

This is where Web3 steps in, not just as a technological shift but as a liberation front for artistic expression. That was the point. Not just monetising what ever, but to actually set culture free. Web3 allows artists to break out from the centralised grip of traditional galleries and critics, unleashing a decentralized platform where new ideas can flourish – however this means the scene has to support that, instead of the next duck tape banana or drooling ape AI pic.

Through NFTs and blockchain, creators can finally bypass the gatekeepers, reaching audiences directly and letting their art speak unfiltered. It’s the anti-postmodern era we’ve been waiting for—one that values authenticity, courage, and depth over calculated irony and shallow critique. The freedom to explore and create in as vast a way as the internet has already guided us to be for the past twenty years.

What is the Garden of Earthly Delights by Hieronymus Bosch. From paradise to hell, the lesson path is clear in the end stage. These aren’t just imaginative nightmares. They’re warnings about human nature �?and what a world without religion is like. Feel familiar a bit? The twet link will explain it further.

Outside the restrictive frame of postmodernism lies a rich expanse of artistic traditions and narratives that we’ve been missing out on. Imagine a return to the timeless pursuits of beauty, harmony, and spirituality, merged with the advancements of digital technology. Art that celebrates connection, transcendence, and human potential. Web3 offers the tools to bring these visions to life, and artists are now free to explore themes of mythology, futurism, abstraction, and even divinity—all without needing to conform to a single ideology. This isn’t just art for art’s sake; it’s art for humanity’s sake, and it’s been a long time coming.

Authenticity as an Artist: From Cave Paintings to the Metaverse

Art isn’t a recent trend—it’s a core aspect of the human journey that dates back to our ancestors painting on cave walls. In today’s world, however, many artists find themselves constrained by expectations to follow specific trends, often losing their authenticity along the way. True artistry isn’t about following popular movements or creating what’s fashionable. It’s about tapping into a lineage of creativity that spans thousands of years, one that includes everything from the first tribal carvings to the masterworks of the Renaissance, all the way to the digital landscapes of the metaverse.

Why did Graham Hancock’s Ancient Apocalypse suddenly get attacked as racist, with Hancock himself labeled a white supremacist, despite his thirty-year marriage to a woman of color and his long-standing praise of ancient cultures worldwide throughout his journalistic career? You guessed it—postmodernism, as the series collapses the narrative. I’ll write more on that later.

Inside the art world, for the most part, you might hear of Mayan culture and traditions, but not the parts that contradict postmodern ideas.

Being an authentic artist means immersing yourself in this vast ocean of history and expression, drawing inspiration from the past and future alike. The beauty of Web3 is that it allows artists to travel across these realms without restriction. The blockchain and NFTs don’t just democratize art; they create a space where we can explore new forms of expression while staying grounded in the wisdom of our creative ancestors. The metaverse, for instance, offers the opportunity to merge the digital with the timeless, creating interactive experiences that honor the depth and spirituality of older art forms while pushing the boundaries of what’s possible.

When you explore the richness of art history, you find yourself standing on the shoulders of giants. Authentic art doesn’t mimic or simply react—it builds bridges. It’s about discovering your voice in this vast chorus and using every tool available, whether it’s oil on canvas, sculpture, or VR. Web3 and the metaverse make this journey even more exhilarating, providing artists with a canvas as expansive as their imaginations. True artists dig deep, break molds, and remind us that art is not bound by time or technology but by a timeless quest for truth.

Imagine the uproar, the fuss and emotional outbursts if there was to be a grand unveiling of an openly conservative gallery?

The Heretical Idea: Curate Your Own Galleries Outside the Establishment

Here’s a heretical idea for cultural curators and artists: Forget trying to break into the art world if you don’t feel represented. Start your own galleries, curate your own shows, and let Web3 be your platform for sharing art on your own terms. It’s cheap to start an online gallery.

Web3 has made this entirely possible. With decentralized platforms, artists can sidestep traditional gatekeepers, reach global audiences, and create communities that appreciate and support their work. Curating your own gallery isn’t just an act of defiance; it’s a celebration of creative freedom. Imagine artists coming together to form collectives that highlight unique styles, new voices, and daring themes that the conventional art world might consider “too much.�?With NFTs and blockchain, you have the tools to bring these exhibitions to life without relying on anyone else’s approval.

Curating your own gallery in the Web3 space doesn’t just disrupt the old system; it builds a new one based on collaboration, innovation, and authenticity. This is where real artistic diversity can thrive, unbound by the constraints of a single ideology. Artists can create galleries that reflect their own vision, themes, and messages—whether that’s surrealism, futurism, spiritual exploration, or socio-political commentary. The freedom to shape your own narrative is the most powerful tool artists have, and Web3 is the key to unlocking it. It’s time to stop waiting for permission and start creating spaces that embody the true spirit of art: raw, fearless, and unfiltered.

TDR

Notice that all these artists and collectors below are doing this poll by not making their views public. I’ve been standing up for this, in the free speech spirit, since I came in from 2017, and was put in the web3 Western culture jail for it (mostly) since. Here is an earlier article to prove it.

7-years ago

So, have your postmodernism, it’s fine, I’m not trying to take your voice away from you, but actually deliver on the inclusion promise so everyone can come to play. The virtual is for everyone, not just one dominant ideology that leaves out most of the world. There are so many avenues to explore, but if artists don’t even dare to voice any nuance, let alone take a side in the most polarising election of my lifetime, then something is deeply wrong.

As for the cover image, I have my reservations about Trump, even if there’s a potential Web3 landslide against the pro-censorship camp led by figures like Kamala. My concerns are less pronounced with Elon Musk, Ron Paul, RFK, Tulsi Gabbard, and increasingly JD Vance after listening to him on Rogan. While most visual artists sat this one out—even in Web3—the comedians have shifted the landscape, outpacing us 6-0 in terms of relevance.

The thing is, even if Trump is guilty of a lot, he and his team of “X-men mutants” have become voices for Bitcoin, free speech, opposition to big pharma, and perhaps even psychedelics, squirrels, and the like. For the first time in my life, a political campaign is actually addressing ideas that interest me. Of course, as I am not a US citizen, you don’t have to worry about my vote even if you absolutely hate everything I just wrote. None the less, this election will greatly influence my life, and it is addressed in the web3 citizen of the world spirit.

Let that sink in,

VESA Crypto Artist, Speaker, Consultant, Writer All links to physical, NFTs, and more below

//linktr.ee/ArtByVesa

• XRP price is eyeing more gains above the $0.5350 zone.
• The price is now trading above $0.5220 and the 100-hourly Simple Moving Average.
• There is a connecting bullish trend line forming with support at $0.5180 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could gain bullish momentum if it settles above the $0.5500 resistance zone.

XRP Price Eyes Upside Break

XRP price started a decent upward move above the $0.500 zone. There was a move above the $0.5150 resistance but it lagged Bitcoin and Ethereum. The bulls were able to push the price above the $0.5250 resistance.

The price traded as high as $0.5307 and is currently consolidating gains. There was a minor decline below the $0.5250 level. The price dipped and tested the 50% Fib retracement level of the upward move from the $0.5112 swing low to the $0.5307 high.

The price is now trading above $0.5220 and the 100-hourly Simple Moving Average. There is also a connecting bullish trend line forming with support at $0.5180 on the hourly chart of the XRP/USD pair. The trend line is close to the 61.8% Fib retracement level of the upward move from the $0.5112 swing low to the $0.5307 high.

On the upside, the price might face resistance near the $0.5280 level. The first major resistance is near the $0.5320 level. The next key resistance could be $0.5350. A clear move above the $0.5350 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5650 resistance or even $0.5850 in the near term. The next major hurdle might be $0.6000.

Another Setback?

If XRP fails to clear the $0.5300 resistance zone, it could start another decline. Initial support on the downside is near the $0.5210 level. The next major support is near the $0.5180 level.

If there is a downside break and a close below the $0.5180 level, the price might continue to decline toward the $0.5050 support in the near term. The next major support sits near the $0.5000 zone.

Technical Indicators

Hourly MACD �?The MACD for XRP/USD is now losing pace in the bullish zone.

Hourly RSI (Relative Strength Index) �?The RSI for XRP/USD is now above the 50 level.

Major Support Levels �?$0.5210 and $0.5180.

Major Resistance Levels �?$0.5350 and $0.5550.

This thrill is driven mostly by a prediction from a pseudonymous analyst called FOUR. Fueled by what he describes as a “hyper meme coin cycle,” FOUR claims Shiba Inu is poised to hit new peaks. FOUR projects that a break above the $0.00002169 resistance level could send the price skyrocketing to $0.00003260, so indicating a possible 71% increase from SHIB, which is currently trading at $0.00001912.

$SHIB is Marching towards $0.00003260 price very soon than you expect Memes super cycle is just started #Shib #MemeSeason #MemeSupercycle pic.twitter.com/8QXXiE7odd

�?FOUR | Crypto Spaces (@X_Four_iv) October 19, 2024

Shiba Inu: Major Resistance Level At $0.00002169

For traders and experts, the resistance level of $0.00002169 now takes front stage. Previously tested during a late September rush, this pricing point was rejected. But SHIB’s present increasing momentum has rekindled hope that this barrier will soon be broken. Analysts contend that if SHIB surpasses this level, it could set off a quick price rise motivated by ongoing support from its large population.

FOUR’s research fits this perspective. He points to the recent weekly candle close, implying that SHIB is getting closer to conquering its present obstacles. Shiba Inu might rapidly experience a notable increase in value if the resistance is overcome since the positive momentum has been growing.

Retail Investors Promoting The Rally

One may mostly credit Shiba Inu’s rise on the retail investor level. Data from CoinMarketCap shows that nearly 90% of SHIB holders are small investors holding anything from $0 to $1,000. The popularity of the coin has been driven by this grassroots support, hence increasing its resilience to changes in the market. The continuous rally can be attributed to retail investors believing in SHIB’s future for additional expansion.

This is #SHIB analytics from #Coinmarketcap . The blue colors are owned by retail with $0-$1K bag holders . Almost 10% of holders have $1k-$100K bag value and only .20% have 100K and above SHIB Bag . These belongs to exchange . This is a perfect narrative why SHIB should be an�?pic.twitter.com/i7x8D49tUn

�?Lola (@CryptoLollla) October 20, 2024

Still, it’s interesting to note that nearly a quarter of the meme coin’s holders had assets valued more than $100,000. Though rare, this group is important in the ecosystem and might perhaps include liquidity providers and exchanges.

Though Shiba Inu has a history of instability, some market analysts see a bright future for it. The community-driven support of the currency along with the larger meme coin cycle might drive SHIB higher in the next coming weeks. FOUR’s estimate of a 71% increase depends on breaking important barriers.

Investors will be closely observing to see if Shiba Inu can sustain its increasing pace and remove obstacles in its path.

Featured image from Katerina_Brusnika//Getty Images, chart from TradingView

As WIF edges closer to this significant resistance level, this article will assess its recent price action, highlighting the bulls’ regained strength. Through an analysis of key technical indicators and market dynamics, this piece seeks to evaluate whether the current bullish momentum is strong enough to push WIF past the $2.89 resistance, signaling the potential for further upward movement.

Market Sentiment Shifts: Bulls Take Charge As Buying Pressure Increases

WIF has consistently held its position above the 100-day Simple Moving Average (SMA) on the 4-hour chart, signaling upside movement. Recently, the asset experienced a rebound from the $2.45 support level, further enhancing positive market sentiment.

If the price remains above the SMA, it could establish a solid foundation for another upward movement toward the $2.89 resistance level. This combination of support and bullish arrows suggests that WIF is well-positioned for more gains in the near term.

An analysis of the 4-hour Relative Strength Index (RSI) indicates renewed upside potential, with the RSI climbing to 49% after previously dipping to 41% suggesting that buying momentum is gaining strength as the market shifts from a bearish phase toward a more neutral stance.

Additionally, the daily chart shows that WIF is facing significant upward pressure, as evidenced by attempts to form bullish candlesticks. This positive trend is further supported by the asset’s position above the critical $2.20 support level and the 100-day SMA. As WIF continues on this path, it strengthens the optimistic sentiment in the market, paving the way for additional gains as it nears the $2.89 mark.

Lastly, the RSI on the daily chart is currently at 58%, having recently recovered from a dip to the 56% threshold. Should the RSI continue to climb, it could signal further strength in WIF’s price action. Furthermore, a sustained move above the 60% mark could enhance the likelihood of continued upbeat momentum and potential breakouts, reinforcing the positive outlook for the asset.

Key Resistance At $2.89: Can WIF Break Through?

WIF’s price could reach the $2.89 resistance level if it demonstrates sustained bullish pressure, bolstered by strong buying volume and positive market sentiment. A successful breakout above $2.89 may pave the way for further gains, possibly leading to new highs and increasing investor interest.

Conversely, if WIF fails to break through this level, it could lead to a pullback, causing the price to drop toward the $2.25 support level. Should it fall below this mark, the meme coin may continue its decline, potentially targeting the $1.50 level and beyond.

• XRP price is attempting a fresh increase above the $0.5320 support.
• The price is now trading above $0.5350 and the 100-hourly Simple Moving Average.
• There was a break above a key bearish trend line with resistance at $0.5310 on the hourly chart of the XRP/USD pair (data source from Kraken).
• The pair could gain bullish momentum if it clears the $0.5450 and $0.5500 resistance levels.

XRP Price Holds Key Support

XRP price remained stable above the $0.5240 support. A base was formed and the price started a fresh increase above $0.5350 like Bitcoin and Ethereum.

The price climbed above the 61.8% Fib retracement level of the downward move from the $0.5430 swing high to the $0.5252 low. Besides, there was a break above a key bearish trend line with resistance at $0.5310 on the hourly chart of the XRP/USD pair.

The price is now trading above $0.5350 and the 100-hourly Simple Moving Average. On the upside, the price might face resistance near the $0.5390 level. It is close to the 76.4% Fib retracement level of the downward move from the $0.5430 swing high to the $0.5252 low.

The first major resistance is near the $0.5400 level. The next key resistance could be $0.5450. A clear move above the $0.5450 resistance might send the price toward the $0.5500 resistance. Any more gains might send the price toward the $0.5680 resistance or even $0.5750 in the near term. The next major hurdle might be $0.600, where the bears might emerge.

Another Decline?

If XRP fails to clear the $0.540 resistance zone, it could start another decline. Initial support on the downside is near the $0.5340 level and the 100-hourly Simple Moving Average. The next major support is near the $0.5280 level.

If there is a downside break and a close below the $0.5280 level, the price might continue to decline toward the $0.5250 support in the near term. The next major support sits near the $0.5120 zone.

Technical Indicators

Hourly MACD �?The MACD for XRP/USD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) �?The RSI for XRP/USD is now above the 50 level.

Major Support Levels �?$0.5340 and $0.5280.

Major Resistance Levels �?$0.5400 and $0.5450.

This drop follows a brief price surge last week, where Ethereum saw a slight surge to above $2,600. Despite the minor increase, Ethereum remains down by 51% from its all-time high of $4,878, recorded in 2021.

Ethereum Potential To Fall 53%

The sideways movement in Ethereum’s price has left traders cautious. Amid this, renowned crypto analyst Ali has offered his perspective on Ethereum’s current trajectory in a recent post on X.

Ali pointed out that Ethereum’s price action tends to follow a particular pattern based on TD Sequential indicators. He explained that whenever Ethereum breaks above the TD setup resistance trendline, a strong bull run often ensues.

However, when Ethereum dips below the TD setup support trendline, it typically results in a significant price correction. According to Ali, Ethereum is nearing a critical support level of $2,250, warning that if this support is breached, it could trigger a major price drop.

Ali further emphasized that ETH has previously seen an average of 53% corrections following similar breakdowns, suggesting that losing the $2,250 level could spell trouble for the cryptocurrency.

Each time #Ethereum breaks above the TD setup resistance trendline , a strong bull run follows. But when $ETH breaks below the TD setup support trendline , we’ve seen an average 53% correction.

The key support now is $2,250—losing it could trigger a significant price drop. pic.twitter.com/PljkRda78S

�?Ali (@ali_charts) October 10, 2024

On The Flip Side

While Ali expresses concern over Ethereum’s potential for a significant downturn, other analysts remain optimistic about its long-term potential.

A crypto analyst going by the name EtherNasYoNAL on X recently shared a bullish outlook for ETH, suggesting that the cryptocurrency could be on the verge of entering a new “mega bull�?cycle.

According to the analyst, ETH is currently in the final stages of what they describe as a “retest and accumulation process.�?This phase is reminiscent of Ethereum’s price movements in 2020, where it underwent a similar process before the 2021 mega bull run.

The analyst added that Ethereum’s price action in the months of August, September, and October 2020 followed a specific pattern, with accumulation and retests before the asset saw a significant rise.

EtherNasYoNAL believes Ethereum is currently mirroring this process and is poised to enter another mega bull cycle, expected to occur around 2025.

Despite the current decline, the analyst remains confident that Ethereum’s long-term trajectory is still bullish, encouraging investors to remain patient and await the expected price surge.

#Ethereum winks at the 2025 mega bull!

Before the 2021 mega bull, we witnessed the retest and accumulation process in August, September and October 2020.$ETH is in the final stage of the retest and accumulation process in August, September and finally October before the 2025�?pic.twitter.com/VsE36le746

�?EᴛʜᴇʀNᴀꜱʏᴏɴᴀL (@EtherNasyonaL) October 9, 2024

Featured image created with DALL-E, Chart from TradingView

Over the past month alone, SUI has increased by more than 100%, with its 7-day performance still seeing green up by 11.8% after nearly touching its all-time high of $2.17 yesterday with a 24-hour high of $2.13.

Although the asset is currently facing a price decline down by 4.3% in the past 24 hours with a current trading price of $1.99, a prominent crypto analyst known as CryptoBullet has taken to his X account to address investors on whether now is the best time to sell SUI.

Should You Sell Your SUI Now?

While it may seem tempting for some to sell during this price dip, CryptoBullet suggests otherwise. The analyst noted, “I know it might be tempting to sell SUI here, but it’s the wrong timing imo [in my opinion].”

The analyst explained that the crypto is experiencing its fourth test of the $2 level, a key technical point, adding that “the more times a level is tested, the more likely it is to break.” CryptoBullet believes this could indicate a bullish breakout, pointing to the formation of a Cup and Handle pattern.

Additionally, CryptoBullet highlighted some of SUI’s achievements that could further propel its bullish case. These include a market cap that nearly reached $6 billion, a transaction per second (TPS) rate exceeding 1,000 for the past three days, and SUI ranking as the second-largest non-EVM chain by total value locked (TVL) at $1.08 billion.

Strong Growth Ahead For Ecosystem?

Another crypto analyst known as ‘Easy’ on X echoed CryptoBullet’s optimism, comparing SUI’s potential to Solana’s meteoric rise in 2021. According to the analyst, “Sleeping on SUI is like sleeping on SOL in 2021.”

He emphasized that SUI’s metrics, including TVL and trading volume, are showing strong growth, which could indicate that the crypto is poised for a significant bull run.

The analyst also noted the rise of memecoins on the network, with some tokens seeing a minimum 250% increase in value over the last 24 hours.

Sleeping on SUI, is like sleeping on SOL in 2021. SUI is going to dominate the entire bull run. All metrics are pointing to massive growth on the SUI ecosystem

From TVL to Volume, it is gaining a level of traction that is unprecedented when compared to other blockchains.

The�?pic.twitter.com/VfZ7DVZ1dz

�?Easy (@EasyEatsBodega) October 7, 2024

It is easily concluded by expressing confidence in SUI’s future growth, suggesting that the current price could be a “steal” for long-term investors. He revealed plans to accumulate more SUI on market dips, setting an ambitious price target of $10 for the asset.

Featured image created with DALL-E, Chart from TradingView

At the time of Egrag’s analysis, HBAR is trading at approximately $0.0553, with a recent low marked around $0.0355. This price action in the 2-week chart is taking place along a key upward trendline that has acted as strong support multiple times since 2020. This trendline, which stretches over multiple years, has held HBAR’s price during dips and corrections, except for one instance in December 2019.

Egrag also pinpoints several Fibonacci retracement levels, a popular tool used in technical analysis to identify potential support and resistance levels. These levels are derived from the Fibonacci sequence, where each level corresponds to a percentage of the price movement between a significant high and low.

In Egrag’s analysis, the chart showcases a range of Fibonacci levels, from Fib 0 at the absolute low of $0.0355 to Fib 1.618 at $3.27. Each of these levels indicates critical price points for HBAR as it moves through this market cycle.

And according to Egrag, HBAR’s fundamentals are extremely strong and a 2,900% price surge is the absolute minimum. “Last cycle, ADA skyrocketed a mind-blowing 17,000%! To put this into perspective, with HBAR’s bottom at 0.036c, a 170X move would take it to around $6! That’s why I’m all-in on HBAR! Backed by a powerhouse Governing Council, Hedera is leading the charge with cutting-edge tech for seamless tokenization, delivering top-tier performance, rock-solid security, and unmatched compliance,�?Egrag notes.

Key Fibonacci Levels For Hedera (HBAR) In This Bull Run

Fib 0 – $0.03555: This is the lowest price on the chart, representing the local bottom that HBAR recently established. According to Egrag, this could be seen as the long-term support level and a significant historical low.

Fib 0.236 – $0.0687: Currently, HBAR is trading just below this Fibonacci level. It has acted as a resistance point over recent weeks, making it a crucial zone to break through for upward momentum to continue. Historically, breaking through the Fib 0.236 level often signals the start of a bullish move towards higher retracement levels.

Fib 0.382 – $0.1034: The next critical resistance level is Fib 0.382. A sustained move above this zone would indicate growing bullish momentum and a possible continuation towards even higher Fibonacci levels.

Fib 0.5 – $0.1438: The Fib 0.5 level is one of the most closely watched by traders. It represents a psychological midpoint between the asset’s high and low. According to Egrag, $0.14-$0.15 is a critical range for HBAR. “Until HBAR breaks above Fib 0.5 (0.14c-0.15c), everything else is just noise—time to accumulate for what’s coming!�?Egrag claims.

Fib 0.618 – $0.2004: Known as the “Golden Ratio,�?Fib 0.618 is one of the most important levels in Fibonacci analysis. A break above this level often signals the end of a retracement and the resumption of the primary trend. For HBAR, a move above $0.20 could generate significant bullish interest, paving the way for a move towards new highs.

Fib 0.702 – $0.2529: Egrag marks this level as a significant profit-taking zone. If HBAR reaches $0.25, it would represent a substantial 4.5x increase from current levels. This is a key target for traders looking to lock in profits before the next significant leg up.

Fib 0.786 – $0.3199: Fib 0.786 is often the last line of resistance before an asset retests its all-time highs. Egrag identifies this as a crucial level, where many traders may choose to sell some of their holdings.

Fib 1.0 – $0.5819: This level represents the previous all-time high (ATH) for HBAR. Breaking past $0.58 would indicate a complete recovery from the previous market cycle and set the stage for a potential new bull run. Egrag marks this as a key psychological level where his profit-taking area begins.

Fib 1.272 – $1.2447: This is one of the extended Fibonacci levels, representing a point where HBAR could see additional gains in a bullish market scenario. Egrag mentions that breaking beyond ATH could push HBAR toward this level, making it another key profit-taking zone for long-term holders.

Fib 1.414 – $1.8513: If HBAR continues its bullish momentum, it could climb towards this level, representing a major price extension. This level, according to Egrag, is where traders may choose to exit significant portions of their holdings, expecting a slowdown after a major uptrend.

Fib 1.618 – $3.27: The ultimate profit-taking zone marked on Egrag’s chart is Fib 1.618, also known as the “Golden Extension.” A move to $3.27 would represent a near 60x move from the current price and a staggering 170x increase from the local bottom of $0.03555. Egrag views this as the maximum upside potential for HBAR in this cycle.

Egrag concludes, “With its killer fundamentals and cutting-edge tech, a 30X gain is right on the horizon, making HBAR my top macro play!�?/p>

At press time, HBAR traded at $0.0504.

With buying pressure increasing and sentiment turning positive, UNI’s rally could gain further upward traction if it manages to overcome this key barrier, signaling a renewed bullish trend and paving the way for additional price advances.

The aim of this article is to analyze UNI’s recent price rebound and its potential to break through the $8.7 resistance level. By examining key technical indicators and market sentiment, the article seeks to provide insights into whether its current upward momentum can be sustained, and what traders should expect if the token successfully breaches this critical price point.

Market Sentiment Shifts: Bulls Back In Control

Following the bullish comeback at $6.7, UNI’s price on the 4-hour chart has continued to gain strength to surge toward the $8.7 resistance level. UNI is also trading above the 100-day Simple Moving Average (SMA), suggesting a positive upward trend that could lead to a potential breakout.

An analysis of the 4-hour Relative Strength Index (RSI) shows that the signal line is currently at 45%, climbing from the oversold zone and approaching the 50% threshold. This upward movement indicates that selling pressure is easing, and buyers are beginning to regain control. As the RSI moves closer to 50%, this shows a potential shift toward more balanced market conditions, with the possibility of a bullish reversal if the pressure continues.

Furthermore, on the daily chart, UNI is exhibiting strong upward momentum, marked by a bullish candlestick formation following its successful rebound. The price is now attempting to break above the 100-day SMA, a critical resistance level that could solidify the rising trend. A sustained move above the 100-day SMA would reinforce market confidence, signaling increased buying pressure and the potential for more price appreciation.

Finally, on the 1-day chart, a detailed examination of the RSI formation indicates that UNI may maintain its optimistic trajectory as the indicator’s signal line is rising again, positioned at 55% after dropping to the 50% threshold, suggesting a sustained upward outlook.

Potential Scenarios: What Happens If UNI Breaches $8.7?

If UNI manages to break through the $8.7 resistance level, it could ignite a price surge, propelling it toward the $10.3 mark. A successful breakout above this critical level is likely to draw in more buyers, pushing UNI closer to its next resistance target of $11.8 and beyond.

Nevertheless, if UNI fails to maintain this strength and breaks below the $8.7 resistance level, it might result in a pullback, with the price sliding back toward the $8.7 support zone. A breakdown below this level could lead to further losses, potentially targeting lower support areas. Such a move would signal weakening optimistic sentiment, raising concerns of a more extended bearish trend and prompting traders to brace for additional downside risks.

The analyst disclosed that various market conditions and technological developments have impacted Ethereum’s momentum and have led to mixed views on its future growth trajectory.

Ethereum’s Market Sees Shift

Percival, highlighted that Ethereum has faced a decline in activity due to the rise of other blockchains with greater accessibility, more advanced technology, and faster update cycles.

According to the analyst, “the positive Momentum sentiment is far below expectations.” So far, the open interest in Ethereum futures—a measure of capital flowing into derivative contracts—reached $9.2 billion, with a notable inflow of $2.12 billion in August 2024.

This represents a 30% rise but pales compared to the $6 billion inflow observed between April and May, reflecting only half of that previous momentum.

Another major observation of the analysis was the “Coinbase Premium Gap,�?indicating the differential between the price of Ethereum on Coinbase and other global exchanges.

A slowdown in selling pressure from US-based investors suggests a possible positive shift in market sentiment. However, the market is still waiting for a significant influx of capital to drive a strong rally for Ethereum.

The analyst pointed out that any future price recovery would depend on substantial investment inflows, which have yet to materialize.

Furthermore, after the Federal Open Market Committee’s (FOMC) announcements, Ethereum’s gas fees surged, hinting at a possible shift of capital from traditional treasuries into decentralized finance (DeFi).

The analyst mentioned an instance: the DeFi lending platform Aave, which operates on the ETH network, has seen a moderate rise in fee collection, from $42 million in March to $43 million in August.

Ethereum Network Lags Behind

While Percival noted that from an economic perspective, Ethereum needs to revert to its max fee pass gas mean, aligning its growth with its intrinsic value, the analyst also suggests that Ethereum currently faces several internal gaps.

Although the technology ecosystem around Ethereum is expanding, the network seems to be lagging behind the competition, according to Percival. The CryptoQuant analyst reveals that this disconnect between Ethereum’s capabilities and its technological rivals has led to a significant shortfall in investment.

Moreover, the limited inflow of small capital and lack of consistent use suggest that even minor investments are not being sustained over time.

The analyst’s take is further validated by the fact that Ethereum’s network has faced increased competition from alternative blockchains like Solana, Binance Smart Chain, and others that boast higher transaction speeds and lower fees.

This has, to some extent, diverted attention and investment from Ethereum to these newer ecosystems.

Featured image created with DALL-E, Chart from TradingView