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🔸 Binance Founder CZ Responds to Allegations of Investing in Memecoins! Prices of Three Altcoins Mentioned Dropped! Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, is being closely followed for his statements. In his latest statement, CZ addressed the allegations that he invested in memecoins on BSC. In a post from his X account, CZ stated that he has not invested in the memecoins ‘TCC’, ‘CZ’, and ‘AB’, which have recently seen a surge in popularity on the BSC chain, and that he does not have sufficient information about these coins. CZ also stated that he does not own these tokens and only communicates with users who actively participate in the community. 💬 “I don’t own or know any of these coins. I interact with positive people in our communities.” 💬 “May the best breasts win!” This announcement comes after the Solana-based memecoin ANSEM gained attention on social media, and also indicates that CZ is maintaining a wait-and-see approach to the market and distancing himself from the community-focused memecoin race. However, this statement disappointed some in the community who were expecting support from high-profile figures like CZ for BNB Chain projects. Following CZ’s post, the prices of TCC, CZ, and AB fell. According to Foresight News, based on GMGN market data, the BSC-based memecoins TCC, CZ, and AB have dropped by 53%, 61%, and 47% respectively from their peaks yesterday.

$AB Bullish within week upto 600 to 700% $AB $AB

$AB Current Price: 0.001064 ​Immediate Support: 0.001018 (The recent local swing low/double-bottom area) ​Immediate Resistance: 0.001073 (The MA(20) line, which has capped recent upside) ​Trend: Mid-term bearish, short-term neutral/consolidating. Volume has stabilized, and the price is squeezing. ​🚀 Scenario A: Long Position on Breakout / Support Bounce ​This setup anticipates the consolidation resolving to the upside, or buying close to the established floor. ​Entry Range: 0.001035 – 0.001064 (Or alternatively, wait for a confirmed daily close above 0.001075) ​Stop Loss (SL): 0.000995 (Placed safely below the key psychological level and the 0.001018 support) ​Take Profit (TP 1): 0.001130 (Targeting the local swing high peak from a few days ago) ​Take Profit (TP 2): 0.001220 (Major previous structural shelf) ​📉 Scenario B: Short Position on Breakdown ​If the consolidation breaks downward, the asset is highly likely to continue its macro bearish trend to look for a deeper floor. ​Entry Trigger: Sell stop or entry on a clear breakdown below 0.001010 ​Stop Loss (SL): 0.001075 (Placed back above the MA(20) resistance line) ​Take Profit (TP 1): 0.000920 ​Take Profit (TP 2): 0.000850 ​⚠️ Trading Note: When a chart squeezes horizontally like this, fakeouts are common. Waiting for a daily candle to decisively close outside the 0.001018 – 0.001073 range can help confirm the next direction.

$AB Current Price: 0.001033 USDT, up a minor 0.88% today. ​Macro Trend: This chart shows an incredibly heavy, prolonged decline. AB has shed 78.06% of its value over the past 180 days and 25.04% over the past month. ​Lack of Volatility: Unlike the previous charts where you can see healthy relief rallies and clear bounces, AB is exhibiting a "bleeding" or stair-stepping pattern. It drops, moves sideways slightly, and then drops again with very small candle bodies. ​2. Moving Averages (MA) ​MA(5 - Yellow), MA(10 - Pink), MA(20 - Purple): The moving averages are perfectly stacked in a bearish alignment. ​The purple MA(20) at 0.001095 is consistently driving the price down. The price hasn't been able to even touch the MA(20) since the start of June. It is trapped underneath the shorter-term MA(5) and MA(10) lines, indicating an absence of buying pressure. ​3. Volume and Support Search ​Volume: Trading volume has steadily tapered off compared to late May/early June. Decreasing volume on a downtrend typically shows seller exhaustion, but without a massive "liquidation spike" (capitulation volume) followed by a sharp bounce, it usually just means the asset is slowly grinding lower due to a lack of interest. ​All-Time Lows / Support: The price just printed a local low of 0.001018 a couple of days ago. It is clinging right to the absolute bottom edge of its historical trading data on this layout. ​4. Order Book Bias ​The order book shows 52% Buyers (B) vs. 48% Sellers (S). This is almost completely neutral, indicating there isn't a massive wall of buyers waiting to catch the knife here, unlike what we saw with KAS. ​Summary Outlook ​AB is in a weak, low-liquidity markdown phase. There are currently no technical signs of a trend reversal or even a strong double bottom. For bulls, the best-case scenario right now is for the price to mimic your first chart (IP) and go completely flat for a couple of weeks to build a stable floor. Until it can break and close above the 0.0011 zone (MA 20), the path of least resistance remains down. ​Are you looking at these three different assets to choose an entry, or are you trying to rotate funds between them?

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