On the 4-hour chart, PUMP price has formed an ascending parallel channel pattern over the past week. An ascending parallel channel is a bullish continuation pattern formed when an asset’s price trades within a channel formed by higher highs and higher lows.
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“4H – this is a range until proven otherwise. We do have some confluence with Monday’s range and volume nodes. If price finds acceptance above that node, we probably have a legit breakout.”
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Starknet will introduce bitcoin staking to its Ethereum Layer 2 network after the community ratified SNIP-31 with 93.6% of voters supporting the move, according to the project’s official forum. Starknet is a Layer 2 scaling solution for Ethereum, using zero-knowledge proofs, with STRK as its token. Under the parameters approved by tokenholders, bitcoin’s staking power weight is set at 0.25, giving BTC up to 25% influence in total consensus power. The balance allocated to Starknet’s STRK, the team said on X. "The official launch will take place in the coming weeks," they added.
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