Crypto Industry News:
One of the most popular icons of mass culture will emit NFT, the proceeds of which will be donated to charity. It is a brand of carbonated drink Coca-Cola, which NFT will be able to bid on OpenSea.
Coca-Cola has decided to launch a collection of digital collectors in connection with this year's International Friendship Day, which falls on Friday 30 July. Then, an auction of special "Friendship Boxes" will start at OpenSea, which will last for three days. Tafi, who has experience in creating digital clothes and avatars, and the Virtue agency are responsible for designing the NFT.
Those who manage to bid on the NFT Coca-Cola will receive, among other things, the sounds characteristic of the drink (including the sound of the bottle being opened) and a special jacket that they will be able to wear in the digital world of Decentraland. The income obtained from the sale of non-exchangeable tokens will be donated to the Special Olympics organization, with which the producer of the carbonated drink has been cooperating for many years.
Technical Market Outlook:
The ETH/USD pair has made another local high at the level of $2,453 (at the time of writing the analysis) and keeps going higher. The high looks like a Pin Bar candlestick formation, so a pull-back towards the immediate technical support at the level of $2,336 is possible. The pair keeps trading inside the channel, but if the momentum will keep going up, then the next target for bulls is seen at the level of $2,549. In order to continue the rally, bulls need to break through the level of $2,453. The key short-term support is seen at the level of $2,201 and $2,106.
Weekly Pivot Points:
WR3 - $2,880
WR2 - $2,525
WR1 - $2,386
Weekly Pivot - $2,056
WS1 - $1,1912
WS2 - $1,571
WS3 - $1,423
Trading Recommendations:
Ethereum might have started the next wave up as the next long-term target for bulls is seen at the level of $3,000. Nevertheless, in order to resume the long-term up trend, bulls have to break through the last swing high seen at the level of $2,880. The level of $1,728 (61% Fibonacci retracement of the last big impulsive wave up) is still the key support for bulls.
