Currency Forecast

A double bottom, dear reader, is not the be-all and end-all of market movements. It is, instead, a humble suggestion that a reversal might be on the horizon-though not a confirmation. The 50-day, 100-day, and 200-day EMAs (those moving averages we all know and love) are still on their downward path, stubbornly below SHIB, as if to say, “Do not get ahead of yourself.” This speaks volumes about the general momentum, which seems more inclined to resist any upward march. The resistance wall, a rather imposing structure, stands between $0.0000093 and $0.0000105, and it has held firm for months, as if mocking any efforts to rise above it. Any hopeful SHIB rally will face this rather obstinate barrier, which seems to have developed a certain sense of permanence. Furthermore, let us not forget volume-or rather, the conspicuous lack of it. The true double-bottom breakout is supposed to bring forth a surge in demand, signaling that buyers are entering with enthusiasm. But alas, SHIB’s volume remains, well, uninspiring. A dull, flat line on the chart. How dreadfully unexciting! If a genuine reversal were afoot, one might expect at least a bit of market fervor. But no, the excitement is conspicuously absent.

Key takeaways:

Yet, as with all things fleeting, whispers of doubt have begun to circulate. The token, once buoyant, has since dipped by 24%, a harbinger of what may come. 🐢

Bitcoin’s fate hangs by a thread as Jerome Powell, that venerable oracle of monetary mysticism, prepares to speak on December 1. The quantitative tightening (QT) program, which has been strangling liquidity like a boa constrictor in a suit, will finally expire. Yet the odds of a rate cut? A mere 86%-a number so high it could make Santa’s sleigh crash. 🚨

The San Francisco-born giant, with its blockchain heart, now wields a new license, a key to unlock the gates of Asia’s crypto kingdom. A realm where the Monetary Authority of Singapore, that stern yet fair gatekeeper, has carved a path for digital dreams. 🧭

Behind closed doors-where all the best political intrigue occurs-lawmakers settled the rather tedious dispute over who ought to issue won-based stablecoins. According to a report by Maeli Business Newspaper (a publication of impeccable repute, naturally), the parties settled upon a consortium model. One imagines the bankers clinking their glasses in triumph while the tech entrepreneurs muttered into their artisanal lattes. ☕

Ripple Senior Executive Officer and Managing Director for the Middle East and Africa Reece Merrick shared on Nov. 30 on social media platform X that crypto, including the Ripple USD stablecoin (RLUSD), could reshape payment costs in a way similar to how internet messaging disrupted expensive SMS services. 🤯

AMAK, or as they like to call themselves-Almasane Al Kobra Mining Company-has gone ahead and whispered to the world that they’ve spotted a hefty heap of minerals in Najran, covering a modest square mileage of 274. kilometers, if you’re wondering. They’ve drilled less than 10% of the area, but already racked up more than 27,000 meters of eager exploration. Just enough to start dreaming about shiny riches, even if the details are still under wraps like a mama bear’s cubs.

Bitcoin, ether, and other major tokens slipped early Monday, extending a bruising November close amid fresh panic from DeFi platform Yearn Finance. 🤯 Welcome to the crypto rollercoaster, where the track is made of uncertainty and the seats are optional! 🎢

The exchange, in its infinite wisdom, has decommissioned all preceding deposit addresses-consider them as outdated as your Aunt Mabel’s Christmas sweaters-and insists users generate fresh addresses. Because nothing says ‘we care’ like a prompt to reissue your keys after a break-in-lovely! 🗝️