Powell's words caused the Nasdaq to plummet by 3.61%, close to the largest drop in recent years. His hawkish remarks also targeted the cryptocurrency circle, clearly stating that the Federal Reserve cannot hold Bitcoin, causing Bitcoin to fall by 5%. The main reason for the plunge was that he revealed that there would only be two interest rate cuts next year, triggering a decline in various assets. At the same time, the copycat market was wailing! The blood was flowing like a river!!!
DOGE
As the crypto market continues to adjust, Dogecoin has fallen sharply by more than 25% in the past two days. After the FOMC meeting, the market was generally bearish, BTC fell below $100,000, and Dogecoin approached the key support level, and the market began to speculate whether it would fall below $0.2.
Crypto Expert pointed out that the potential support level of Dogecoin is $0.22076, and the analysis shows that the price is in a correction phase. If it rebounds, the target may reach $0.40894 and $0.65557, an increase of up to 165%. Currently, the price of Dogecoin is about $0.3066, which has fallen by more than 25% in the past week, below the support level of $0.35, and faces further downward pressure.
On the 4-hour chart, the RSI is 19, indicating oversold. If the bearish trend persists, the price could drop below $0.20. However, if the bulls defend the support zone, a reversal is likely. The market is watching to see if there is a rebound or further decline in the future.
NORTH
Shiba Inu suffered a major setback, losing nearly 20% in a few days, and the price fell below the 50 EMA support level, currently around $0.00002214, close to the 100 EMA. This sharp drop reflects the strong selling pressure in the market. Bears dominate the market sentiment, SHIB's recovery ability is limited, and the key support level has been broken, which has damaged trader confidence.
In addition, the rise in volatility led to large-scale liquidations and a shift in market sentiment, especially in SHIB trading, which resulted in a loss of $880 million. Deleveraging exacerbated the downward pressure on SHIB.
The declining volume suggests that the bearish momentum is not over yet. Although the RSI shows oversold, it is difficult to reverse in the short term due to insufficient buying.
Movement (MOVE)
The strong performance in the bear market has seen the price climb to $0.8228, a 16.57% increase in a single day and 28.84% in the past week. The market value reached $1.85 billion, with a 24-hour trading volume of $2 billion, an increase of 104.17%. The token is based on the innovative Move programming language and is designed to build decentralized applications (dApps). With strong bullish momentum, it has quickly attracted investor attention.
Top cryptocurrency analysts Globe Of Crypto and Altcoin Sherpa noted that MOVE broke out of a pennant pattern, signaling an upward trend. They predict that in the next 7-10 days, the price is expected to rise by 40-50%. Support levels are at $0.68 and $0.50, and resistance has been broken at $0.78. MOVE may break through $1.00, with a target range of $1.20 to $1.40.
Fartcoin
A highly anticipated emoji coin, the price has recently risen to $1.15, successfully resisting the bear market pressure. In the past day, the coin has risen by 17.46%, and the weekly increase is 64.31%. The market value has reached $1.15 billion, and the 24-hour trading volume is $243 million, an increase of 24.10%. Based on the Solana blockchain, Fartcoin has occupied a unique position in the market with the unique feature of triggering a digital fart sound with each transaction, adding fun to the crypto experience.
In addition to its humorous elements, Fartcoin has a loyal community and has hit an all-time high of $1.30. Its lighthearted and fun nature has managed to attract attention even during the turbulent crypto market, demonstrating the powerful influence of memes in the crypto world.
Today's article ends here. We are currently in a bull market, and the situation is turbulent. We share passwords every day. If you don't know what to do in a bull market, welcome to follow us. Bull market spot passwords and layout strategies can be shared free of charge.
