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How Bitcoin Can Support Nearly 1 Million People in Brazil Floods

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To date, authorities have reported more than 100 people missing and 83 dead after storms and rain hit the entire state of Rio Grande do Sul (RS) in Brazil since last week. The situation is critical; more than 330 municipalities remain underwater or face other serious problems.

According to the RS Civil Defense, more than 19,000 people are in shelters, almost 122,000 are homeless, and around 850,000 have been affected. The impressive numbers give a dimension to the tragedy. In fact, the warning for heavy rain, with the risk of flooding, remains.

Rains in Brazil Cause Losses of Over $54 Million

With losses estimated at more than $54 million by the National Council of Municipalities (CNM), aid needs to arrive urgently to support the victims of the greatest tragedy in the recent history of Rio Grande do Sul.

A task force between the government of RS, the federal government, several states, including São Paulo, Rio de Janeiro, and even Brazilians outside the country, collects donations and resources to rebuild cities and bring supplies to those affected, especially in hard-to-reach places.

Source: Civil Defense of Rio Grande do Sul.
Affected Areas in Brazil Floods: Source: Civil Defense of Rio Grande do Sul

Many regions are without electricity. The latest balance from RS Civil Defense shows 418.2 thousand points without power. Thus, dozens of municipalities lack access to roads, airports, bridges, and basic resources such as water, food, and medicine.  

There are already reports, for example, of shortages in some regions. According to Cemaden (National Center for Monitoring Alerts and Disasters), despite the reduced rains, there is still a risk of flooding in the entire state.

The tension of recent weeks has generated a wave of solidarity and mobilization across the country. Several official bodies, artists, and communities joined forces to raise donations for climate refugees. Furthermore, the Association of Banks in the State of Rio Grande Do Sul made accounts available for donations in reais, dollars, and euros.

For those who have an account in Brazil, make a PIX for the CNPJ key: 92.958.800/0001-38 belonging to the Association of Banks in the State of Rio Grande do Sul or Banco do Estado do Rio Grande do Sul (both options may appear).

At the time of writing, the PIX of the government of Rio Grande do Sul – the official channel of the State government – ​​raised around $7.5 million.

Another official donation channel is “For those who donate.” The website contains information from more than 100 social and non-profit organizations.

For example, one of the cities most affected by the tragedy is the community of Rolante, the most Bitcoiner city in Brazil. Residents and volunteers are united to rebuild all businesses and the main local hospital, which lost all its equipment to the flood. The healthcare institution also accepts Bitcoin.  

Across the state, 110 hospitals were affected. Despite this, 75 are partially functioning, but 17 lack service.

It is Possible To Send Donations In Bitcoin. Here Are The Addresses:

At the same time, Santa Maria resident Gerin.ETH used X (formerly Twitter) to ask for donations for the city of 300,000 inhabitants.

Gerin.ETH committed to donating the money to institutions that are helping with the tragedy, posting invoices, and recording the delivery of donations. He, for example, made three trackable Web3 wallets available.

  • Chave PIX: 3fafb39d-d6b2-45fb-ac5b-83cd009bddbc (BANCO INTER)
  • Receive EVM (possible for L2 USDC/USDT): 0xff35352F229F0275c0A0FFe727956d4b80DFDE74
  • Solana Address (if possible, donate USDC/USDT): 7Ke8usysxqmytwBnmhewaePyQFBCuFFmnFmiXNk9CNX1

In addition to the community’s efforts, Bitso, a crypto exchange, also joined the campaign to raise donations. The exchange started an emergency campaign and is committed to doubling donations. This means the company will donate $1 for every $1 donation by its customers.

Valid until May 12, the action also accepts cryptocurrencies. To donate, make a transfer via the Bitso app (Bitso Transfer) in any cryptocurrency to [email protected]. The process takes a few seconds and guarantees the exchange.

At the end of the campaign, Bitso will convert all the amount donated in cryptocurrencies into reais and deposit the amount in full into the SOS Rio Grande do Sul account. Finally, the platform will also account for the funds raised.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.





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Ethereum Price Weakens—Can Bulls Prevent a Major Breakdown?

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Ethereum price started another decline and traded below the $1,880 level. ETH is now consolidating and remains at risk of more losses.

  • Ethereum struggled to continue higher above the $2,000 resistance level.
  • The price is trading below $1,880 and the 100-hourly Simple Moving Average.
  • There is a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD (data feed via Kraken).
  • The pair must clear the $1,820 and $1,880 resistance levels to start a decent increase.

Ethereum Price Dips Again

Ethereum price failed to continue higher above $2,100 and started another decline, like Bitcoin. ETH declined below the $1,920 and $1,880 support levels.

It tested the $1,765 zone. A low was formed at $1,767 and the price recently attempted a fresh upward move. There was a move above the $1,800 level but the price is still below the 23.6% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low.

Ethereum price is now trading below $1,880 and the 100-hourly Simple Moving Average. There is also a connecting bearish trend line forming with resistance at $1,820 on the hourly chart of ETH/USD.

On the upside, the price seems to be facing hurdles near the $1,820 level. The next key resistance is near the $1,880 level and the 50% Fib retracement level of the recent decline from the $2,033 swing high to the $1,767 low. The first major resistance is near the $1,920 level.

Ethereum Price
Source: ETHUSD on TradingView.com

A clear move above the $1,920 resistance might send the price toward the $2,000 resistance. An upside break above the $2,000 resistance might call for more gains in the coming sessions. In the stated case, Ether could rise toward the $2,050 resistance zone or even $2,120 in the near term.

More Losses In ETH?

If Ethereum fails to clear the $1,880 resistance, it could start another decline. Initial support on the downside is near the $1,780 level. The first major support sits near the $1,765 zone.

A clear move below the $1,765 support might push the price toward the $1,720 support. Any more losses might send the price toward the $1,680 support level in the near term. The next key support sits at $1,650.

Technical Indicators

Hourly MACDThe MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSIThe RSI for ETH/USD is now below the 50 zone.

Major Support Level – $1,765

Major Resistance Level – $1,880



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Bitcoin Bears Tighten Grip—Where’s the Next Support?

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Bitcoin price started another decline below the $85,000 zone. BTC is now consolidating and might struggle to recover above the $83,500 zone.

  • Bitcoin started a fresh decline below the $83,500 support zone.
  • The price is trading below $83,200 and the 100 hourly Simple moving average.
  • There is a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could start another decline if it stays below the $83,500 resistance zone.

Bitcoin Price Dips Further

Bitcoin price failed to remain above the $85,500 level. BTC started another decline and traded below the support area at $85,000. The bears gained strength for a move below the $83,500 support zone.

The price even declined below the $82,000 level. A low was formed at $81,586 and the price is now consolidating losses below the 23.6% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low.

Bitcoin price is now trading below $82,500 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,000 level. The first key resistance is near the $82,750 level. There is also a connecting bearish trend line forming with resistance at $82,750 on the hourly chart of the BTC/USD pair.

Bitcoin Price
Source: BTCUSD on TradingView.com

The trend line is near the 61.8% Fib retracement level of the downward move from the $83,500 swing high to the $81,586 swing low. The next key resistance could be $83,500. A close above the $83,500 resistance might send the price further higher. In the stated case, the price could rise and test the $84,200 resistance level. Any more gains might send the price toward the $84,800 level or even $85,000.

Another Decline In BTC?

If Bitcoin fails to rise above the $83,500 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,800 level. The first major support is near the $81,500 level.

The next support is now near the $80,650 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level.

Major Support Levels – $81,500, followed by $80,650.

Major Resistance Levels – $82,750 and $83,500.



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Solana (SOL) Price Risks Dip Below $110 as Bears Gain Control

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Solana (SOL) has dropped over 6% in the past seven days and has been trading below $150 since March 6. The current trend shows clear bearish signals across multiple indicators.

From a death cross to a rising ADX and a red Ichimoku Cloud, technicals suggest growing downside pressure. With SOL nearing key support, the next few days could be critical for its price direction.

SOL Ichimoku Cloud Paints A Bearish Picture

The Ichimoku Cloud chart for Solana shows a clear bearish structure, with price action trading below both the Kijun-sen (red line) and Tenkan-sen (blue line).

The Lagging Span (green line) is also positioned below the price candles and the cloud, reinforcing the negative outlook. The Kumo ahead is red and descending, suggesting that resistance remains strong in the near term.

SOL Ichimoku Cloud.
SOL Ichimoku Cloud. Source: TradingView.

Solana has struggled to break above short-term resistance levels and remains stuck in a downward channel. The thin nature of the current cloud suggests weak support, making the price vulnerable to further downside if bearish momentum continues.

For a reversal, Solana would need to break above the Kijun-sen and push decisively toward the cloud, but for now, the trend remains tilted to the downside.

Solana DMI Shows Sellers Are In Control

Solana’s DMI chart shows a sharp rise in the ADX, now at 40.87—up from 19.74 just three days ago.

The ADX (Average Directional Index) measures the strength of a trend, with values above 25 indicating a strong trend and values above 40 signaling a very strong one.

This surge confirms that the current downtrend in SOL is gaining momentum.

SOL DMI. Source: TradingView.

At the same time, the +DI has dropped from 17.32 to 8.82, while the -DI has climbed to 31.09, where it has held steady for the past two days.

This setup suggests that the sellers are firmly in control, and the downtrend is strong and also strengthening.

As long as the -DI remains dominant and ADX stays elevated, SOL is likely to remain under pressure in the short term.

Can Solana Drop Below $110 Soon?

Solana recently formed a death cross, a bearish signal where short-term moving averages cross below long-term ones.

It’s now approaching key support at $120—if that level breaks, Solana price could drop to $112, and possibly below $110 for the first time since February 2024.

SOL Price Analysis.
SOL Price Analysis. Source: TradingView.

If bulls step in and buying pressure returns, SOL could rebound toward resistance at $136.

A breakout above that level may lead to a push toward $147, which acted as strong resistance just five days ago.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.



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