_{Authors: Trav and TheOpenChain}

Market Movers: April 29

Delivering the most relevant and crucial info you need to win this coming week.

Not to worry, we will still be publishing high quality alpha and deep dives that you’ve come to trust. This is just another way to help us all grow.

Let’s get into it.

1. Bitcoin Price Overview

• Chart Insight:

  • Last Week's High: $67.2k

  • Last Week's Low: $61.7k

  • Weekly Volume: up from previous week.

  • Daily RSI: 42. Neutral/Oversold (Oversold < 30, Overbought >70)

  • Support Levels: $60k is the nearest and strongest level of support. (See chart Below)

  • Resistance Levels: $64k and $67k are the nearest and strongest resistance levels. (See Chart Below)

2. Sector Overview

Lot’s of red with two sectors that are standing out.

Notable High Performers:

• Stablecoins

• Emerging/Trading assets

• Liquid Staking

Here are the liquid staking protocols with the highest volume the last 24 hrs. Worth keeping a closer look at:

Notable Low Performers:

• Solana Ecosystem

• AI Projects

• Telegram Bots

3. Token Performance

Best and worst performers over the past week:

4. Crypto Market News

• Top News for the Week Ahead:

  • Tomorrow, Hong Kong launches their Spot Bitcoin ETF.

    • Relevance: The author predicts it will bring in more volume than the US ETF on their first day.

  • Ethereum Vs. the SEC

    • Relevance: ETH Dev has filed a suit agains the SEC, saying ETH is NOT a security. Optimistic outlook for ETH ETF this year.

  • ETH Gas Fees hit 6 month low

    • Relevance: Analysis suggests that Alt season could be closer than we think .

  • Lil Pudgies may have a Solana Bridge soon…

    • Relevance: Bullish for Solana.

  • RuneCoin to launch their token on OKX

    • Relevance: first ever listing of a Bitcoin rune on a leading exchange.

5. Community Corner

• Your Voice Matters!

  • Have questions or topics you'd like us to cover? Feel free to reach out by replying to this email and we’ll give you a shout out as well!

  • This Week’s Question: “How can you tell the difference between a ShitCoin and a Token that will last?” - Irina

• Answer: There are many ways to figure this out, and luckily we have some strong projects to analyze as case studies. In a nutshell, we have to ask the following questions:

  • Are the Tokenomics balanced?

  • Will the team be able to deliver their promises?

  • Does each aspect of the project bring value to every other?

  • How strong is the market fit of their project?

We are dropping a deep dive into this specific question in our next newsletter. We will deliver step by step instructions on how to answer these questions, identify red flags, and what it takes to make a project sustainable.

Finally, we'll be giving away exclusive thank-you gifts to our early supporters, so be sure to invite your friends to subscribe to Growth Bytes. Link below 👇️ 

http://web3bytes.beehiiv.com/subscribe