Despite the short-term excitement, the long-term signals remain cautious. Since December 2024, the price of TWT has been making lower highs while the Relative Strength Index (RSI) has been making higher highs — a hidden bearish divergence. The RSI is a momentum indicator that tracks XEM buying or selling pressure is stronger.
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According to The Block's crypto price page, bitcoin rose 0.56% in the past 24 hours to trade at $111,683 as of 10:35 p.m. on Wednesday. Since reaching its all-time high of $124,128 mid-August, the cryptocurrency had steadily declined to reach a low of around $107,500 earlier this week. Ethereum rose 3.96% to $4,456, showing a notable price growth among altcoins. While ether often follows the price movements of bitcoin, the second-largest cryptocurrency has held its elevated price levels since August with less volatility than bitcoin.
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Alibaba Cloud’s Qwen team has introduced Qwen-Image-Edit, an advanced image editing model derived from the 20B Qwen-Image framework. The new system expands upon Qwen-Image’s distinct text rendering capabilities by applying them to image editing, with a particular focus on precision in text modifications. Qwen-Image-Edit processes input images through two parallel components: Qwen2.5-VL, which manages visual semantic control, and the VAE Encoder, which governs visual appearance. This dual approach enables the model to handle both semantic-level and appearance-level editing tasks effectively. The tool is accessible through Qwen Chat under the “Image Editing” feature.
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