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Meme Coins of the Week: Fartcoin Crosses $1 Billion, PENGU Gains Momentum, and Dogecoin Disappoints
#FARTCOIN #PENGU $DOGE
The recent correction in the cryptocurrency market has caused many altcoins to fall back. Memecoins have not been spared, but Fartcoin and some other tokens have bucked the trend and attracted investors' attention with their unique and absurd charm.
FARTCOIN
Fartcoin rocked the cryptocurrency market this week with a staggering 98% gain to hit a new all-time high of $1.30, surging to a market cap of $1.3 billion. The performance highlights the high level of uncertainty surrounding the meme coin, as the token’s unique humorous appeal continues to draw interest from speculators.
The recent correction in the cryptocurrency market has caused many altcoins to fall back. Memecoins have not been spared, but Fartcoin and some other tokens have bucked the trend and attracted investors' attention with their unique and absurd charm.
FARTCOIN
Fartcoin rocked the cryptocurrency market this week with a staggering 98% gain to hit a new all-time high of $1.30, surging to a market cap of $1.3 billion. The performance highlights the high level of uncertainty surrounding the meme coin, as the token’s unique humorous appeal continues to draw interest from speculators.
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Spot code——#GOAT
The current price is 0.416. You can consider entering the market and going long at this price. If the price falls below 0.40, stop loss. The first target price is set at 0.53.
After the recent correction, GOAT is currently close to the bottom area since it was listed on Binance (BN). The current price position is an ideal entry point with high cost performance. Considering the small stop loss range, it is recommended to enter the market with a light position and strive to win a rebound.
The current price is 0.416. You can consider entering the market and going long at this price. If the price falls below 0.40, stop loss. The first target price is set at 0.53.
After the recent correction, GOAT is currently close to the bottom area since it was listed on Binance (BN). The current price position is an ideal entry point with high cost performance. Considering the small stop loss range, it is recommended to enter the market with a light position and strive to win a rebound.
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[Hot search list: ACT popularity rises, 24H drops 17.41%]
The popularity ranking shows that ACT popularity rises, and the attention is 870,000. The popularity ranking is as follows:
① USUAL ($1.20, -1.64%)
② PNUT ($0.6121, -24.86%)
③ BGB ($3.87, -19.38%)
④ ENA ($0.8966, -20.65%)
⑤ ETH ($3288.52, -10.49%)
#USUAL #PNUT #BGB #ENA #ETH
The popularity ranking shows that ACT popularity rises, and the attention is 870,000. The popularity ranking is as follows:
① USUAL ($1.20, -1.64%)
② PNUT ($0.6121, -24.86%)
③ BGB ($3.87, -19.38%)
④ ENA ($0.8966, -20.65%)
⑤ ETH ($3288.52, -10.49%)
#USUAL #PNUT #BGB #ENA #ETH
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$SOL Price Prediction: Indicators Are Not Favorable for a Quick Rebound
Solana once formed a bull flag pattern, suggesting a possible rise to $300, but according to today's daily chart evaluation, this rally expectation has been invalidated as the SOL price fell below the support level of $209.58.
In addition, the trading volume of altcoins continues to decline, and the market sentiment is bearish, with sellers dominating. If this trend continues, Solana prices may fall further to $153.97, which will lead to losses in long positions and further reduce the possibility of a quick rebound.
However, if the bulls can hold the $170.75 support level and avoid further downward movement in price, the pullback may be curbed. In this case, Solana may rebound from below $200 and even have the potential to rise back to $264.66. #SOL
Solana once formed a bull flag pattern, suggesting a possible rise to $300, but according to today's daily chart evaluation, this rally expectation has been invalidated as the SOL price fell below the support level of $209.58.
In addition, the trading volume of altcoins continues to decline, and the market sentiment is bearish, with sellers dominating. If this trend continues, Solana prices may fall further to $153.97, which will lead to losses in long positions and further reduce the possibility of a quick rebound.
However, if the bulls can hold the $170.75 support level and avoid further downward movement in price, the pullback may be curbed. In this case, Solana may rebound from below $200 and even have the potential to rise back to $264.66. #SOL
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Solana traders insist on quick turnover after SOL price drops below $200
#SOL $SOL
The price of Solana (SOL) has plunged 8.03% in the past 24 hours, dropping below $200 for the first time since early November. The drop coincided with a broader market downturn, triggering mass liquidations.
Despite the sharp drop, Solana traders appear to expect the altcoin to quickly rebound from its lows. Or can it?
Solana is still undervalued, bulls are hopeful
Solana’s price action is in line with BeInCrypto’s Dec. 15 analysis, which suggests that the altcoin may struggle to sustain above $200. In the article, we cited how bears gained more dominance than bulls when the price fell below the 20-day exponential moving average (EMA).
The price of Solana (SOL) has plunged 8.03% in the past 24 hours, dropping below $200 for the first time since early November. The drop coincided with a broader market downturn, triggering mass liquidations.
Despite the sharp drop, Solana traders appear to expect the altcoin to quickly rebound from its lows. Or can it?
Solana is still undervalued, bulls are hopeful
Solana’s price action is in line with BeInCrypto’s Dec. 15 analysis, which suggests that the altcoin may struggle to sustain above $200. In the article, we cited how bears gained more dominance than bulls when the price fell below the 20-day exponential moving average (EMA).
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$ADA Price Forecast: Looking for Recovery
Currently trading at $0.89, Cardano (#ADA ) has experienced a significant 7% drop over the past 24 hours and is now hovering above the key support at $0.87. The ability to sustain above this level will be critical to maintaining bullish sentiment in the near term.
If the market shows signs of rebound, #ADA is expected to break through the $1.00 mark it previously fell below. If this resistance level manages to turn into support, it will signal a resurgence for Cardano, pushing the price further towards $1.23 and potentially attracting more investors to participate.
However, if the price fails to hold the $0.87 support, it could lead to further downside. A break below this level could see #ADA drop to $0.77, thereby invalidating the bullish sentiment and the market could enter a bearish phase.
Currently trading at $0.89, Cardano (#ADA ) has experienced a significant 7% drop over the past 24 hours and is now hovering above the key support at $0.87. The ability to sustain above this level will be critical to maintaining bullish sentiment in the near term.
If the market shows signs of rebound, #ADA is expected to break through the $1.00 mark it previously fell below. If this resistance level manages to turn into support, it will signal a resurgence for Cardano, pushing the price further towards $1.23 and potentially attracting more investors to participate.
However, if the price fails to hold the $0.87 support, it could lead to further downside. A break below this level could see #ADA drop to $0.77, thereby invalidating the bullish sentiment and the market could enter a bearish phase.
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Cardano falls below $1: Returning to the opportunity zone after 4 months
#ADA $ADA
Cardano (ADA) has been on a downtrend over the past few days, with its price dropping by 7%. While this decline reflects broader market pressures, it also creates opportunities for ADA holders.
The current condition of cryptocurrencies has the potential for a bullish reversal, sparking optimism among investors.
Cardano has a chance
Cardano’s 30-day market value to realized value (MVRV) ratio shows that investors who bought ADA last month faced an average loss of 15%. However, this downturn pushed the MVRV ratio into the opportunity zone, ranging between -13% and -26%. Historically, this range marks a turning point in recovery.
Cardano (ADA) has been on a downtrend over the past few days, with its price dropping by 7%. While this decline reflects broader market pressures, it also creates opportunities for ADA holders.
The current condition of cryptocurrencies has the potential for a bullish reversal, sparking optimism among investors.
Cardano has a chance
Cardano’s 30-day market value to realized value (MVRV) ratio shows that investors who bought ADA last month faced an average loss of 15%. However, this downturn pushed the MVRV ratio into the opportunity zone, ranging between -13% and -26%. Historically, this range marks a turning point in recovery.
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In-depth analysis of Bitcoin liquidation chart:
When the price of Bitcoin breaks through *107617*, shorts will face liquidation pressure of up to *4.123 billion*; if the price falls below *86180*, longs may face a liquidation crisis of *1.561 billion*.
For shorts, *98429*, *101491*, *104554* and *107617* are key warning points. If the price approaches or breaks through these levels, the risk of short liquidation will increase greatly, which may cause the short force to weaken rapidly, thus breaking the current long-short game balance.
Longs should pay special attention to these important points: *86180*, *89242*, *92305* and *95367*. If the price falls to these areas, long positions face serious risks, which may weaken the upward momentum and even lead to a reversal of market trends.
Investors should plan ahead based on these key price levels and flexibly respond to market changes to optimize risk management and seize opportunities. #BTC $BTC
When the price of Bitcoin breaks through *107617*, shorts will face liquidation pressure of up to *4.123 billion*; if the price falls below *86180*, longs may face a liquidation crisis of *1.561 billion*.
For shorts, *98429*, *101491*, *104554* and *107617* are key warning points. If the price approaches or breaks through these levels, the risk of short liquidation will increase greatly, which may cause the short force to weaken rapidly, thus breaking the current long-short game balance.
Longs should pay special attention to these important points: *86180*, *89242*, *92305* and *95367*. If the price falls to these areas, long positions face serious risks, which may weaken the upward momentum and even lead to a reversal of market trends.
Investors should plan ahead based on these key price levels and flexibly respond to market changes to optimize risk management and seize opportunities. #BTC $BTC
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December 20th Afternoon Market Analysis:
Yitai Trend:
In the morning, the Yitai price started to gradually decline from around 3465, touching a low of around 3370, then rebounding to around 3465, currently priced at around 3413.
Bitcoin Trend:
Bitcoin fell from around 98400 in the morning to around 95900, then rebounded to around 97700, currently at around 97000.
Technical Analysis:
Four-Hour Structure:
The Bollinger Bands are opening downwards, and the Bitcoin's peak is gradually shrinking and touching the lower band, the KDJ indicator is gently moving downwards, and the MACD indicator is opening downwards.
One-Hour Structure:
The Bollinger Bands are opening downwards, the Bitcoin's peak continues to shrink, the KDJ indicator is gradually opening upwards, and the MACD indicator is showing a convergence with upward signs.
Afternoon Trading Suggestions:
Bitcoin:
If Bitcoin rebounds to the range of 98400-98800, look towards the support near 96500-96200. If it breaks out and rebounds, pay attention to the resistance near 100800.
Yitai:
If Yitai rebounds to the range of 3500-3525, look towards the support near 3400-3380. If it breaks through this area, pay attention to around 3621.
Trading Strategy:
The afternoon market leans towards a range-bound fluctuation, with Bitcoin's fluctuation range at 98400-95800, and Yitai's fluctuation range at 3470-3350. It is recommended to short at high positions and long at low positions, with strict defense.
#BTC #ETH
Yitai Trend:
In the morning, the Yitai price started to gradually decline from around 3465, touching a low of around 3370, then rebounding to around 3465, currently priced at around 3413.
Bitcoin Trend:
Bitcoin fell from around 98400 in the morning to around 95900, then rebounded to around 97700, currently at around 97000.
Technical Analysis:
Four-Hour Structure:
The Bollinger Bands are opening downwards, and the Bitcoin's peak is gradually shrinking and touching the lower band, the KDJ indicator is gently moving downwards, and the MACD indicator is opening downwards.
One-Hour Structure:
The Bollinger Bands are opening downwards, the Bitcoin's peak continues to shrink, the KDJ indicator is gradually opening upwards, and the MACD indicator is showing a convergence with upward signs.
Afternoon Trading Suggestions:
Bitcoin:
If Bitcoin rebounds to the range of 98400-98800, look towards the support near 96500-96200. If it breaks out and rebounds, pay attention to the resistance near 100800.
Yitai:
If Yitai rebounds to the range of 3500-3525, look towards the support near 3400-3380. If it breaks through this area, pay attention to around 3621.
Trading Strategy:
The afternoon market leans towards a range-bound fluctuation, with Bitcoin's fluctuation range at 98400-95800, and Yitai's fluctuation range at 3470-3350. It is recommended to short at high positions and long at low positions, with strict defense.
#BTC #ETH
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Significant Changes in the Market 5 Years Ago:
1. Disconnection between #BTC and #ETH :
In the past, the rise of BTC usually drove ETH to follow closely, which in turn triggered a collective surge in altcoins. However, currently, ETH seems to have chosen to 'lie flat', no longer actively passing the baton like before, and pushing the overall market higher.
2. Weakening Sector Rotation Effect:
In previous bull markets, sectors such as public chains, NFTs, and AI often exhibited a rotating upward trend, with high market activity. However, now, this phenomenon of sector rotation has disappeared, and the overall market performance is lackluster, with only a few concept coins occasionally showing performance, lacking overall market vitality.
1. Disconnection between #BTC and #ETH :
In the past, the rise of BTC usually drove ETH to follow closely, which in turn triggered a collective surge in altcoins. However, currently, ETH seems to have chosen to 'lie flat', no longer actively passing the baton like before, and pushing the overall market higher.
2. Weakening Sector Rotation Effect:
In previous bull markets, sectors such as public chains, NFTs, and AI often exhibited a rotating upward trend, with high market activity. However, now, this phenomenon of sector rotation has disappeared, and the overall market performance is lackluster, with only a few concept coins occasionally showing performance, lacking overall market vitality.
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Bitcoin Continues to Decline: Are Bulls Losing Control?
#BTC
The price of Bitcoin continues to decline, breaking below the $100,000 range. BTC is struggling and may continue to fall towards the support area of $92,000.
Bitcoin has started to decline again from the $102,000 resistance area.
The price is below $102,000 and the 100-hour simple moving average.
A key bearish trendline has formed on the hourly chart for BTC/USD, with resistance at $98,500 (data from Kraken).
If the currency pair holds above the support area of $95,500, it may begin a new round of increases.
The price of Bitcoin continues to decline.
The price of Bitcoin continues to decline, breaking below the $100,000 range. BTC is struggling and may continue to fall towards the support area of $92,000.
Bitcoin has started to decline again from the $102,000 resistance area.
The price is below $102,000 and the 100-hour simple moving average.
A key bearish trendline has formed on the hourly chart for BTC/USD, with resistance at $98,500 (data from Kraken).
If the currency pair holds above the support area of $95,500, it may begin a new round of increases.
The price of Bitcoin continues to decline.
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#SOL行情分析
Recent trend:
After the rebound, the price continued to decline and has touched the support level of the upper edge of the 155-185 range, and rebounded at the hourly level here. The current neckline support comes from the high point area in May and July.
Subsequent forecast:
- Short-term rebound: The price is expected to rebound to around the daily MA30, but a direct V-shaped reversal is unlikely.
- Second decline: After the rebound, there may be a daily level retracement, and then the price may fluctuate and consolidate to form a relay platform.
Key position reference:
- Pressure level: 233.6, 245, 270, 283, 300
- Support level: 184.5, 169.3, 158.8, 152.3
Recent trend:
After the rebound, the price continued to decline and has touched the support level of the upper edge of the 155-185 range, and rebounded at the hourly level here. The current neckline support comes from the high point area in May and July.
Subsequent forecast:
- Short-term rebound: The price is expected to rebound to around the daily MA30, but a direct V-shaped reversal is unlikely.
- Second decline: After the rebound, there may be a daily level retracement, and then the price may fluctuate and consolidate to form a relay platform.
Key position reference:
- Pressure level: 233.6, 245, 270, 283, 300
- Support level: 184.5, 169.3, 158.8, 152.3
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Overview of Important Overnight Developments on December 20
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
21:00-7:00 Keywords: #CraigWright , #MARA , #Worldcoin , #Hut8
1. President-elect Donald Trump calls for the abolition of the debt ceiling, sparking widespread market attention;
2. Craig Wright, the self-proclaimed Satoshi Nakamoto, is sentenced to 12 months in prison for allegedly forging documents, with a two-year probation;
3. The U.S. Securities and Exchange Commission (SEC) has accepted the submission of the amendment to the Franklin Crypto Index ETF, boosting market expectations;
4. MARA announces the acquisition of 15,574 bitcoins, bringing its total holdings to 44,394, with bitcoin reserves continuing to grow;
5. German regulators demand that Worldcoin delete all biometric data collected from human eyeballs, as data privacy issues continue to escalate;
6. Hut 8 surpasses Tesla to become the fourth publicly traded company to hold over 10,000 bitcoins, showcasing its ambitions in the crypto space;
7. The director of El Salvador's Bitcoin Office announces that the official Bitcoin wallet Chivo may face sale or discontinuation, with a complex market response.
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As BTC Falls Below $100,000, These Altcoin Prices Plummet
#BTC☀ #Alts
The Federal Reserve's stance on upcoming interest rate cuts has sparked controversy, placing heavy pressure on cryptocurrencies and other high-risk assets. Bitcoin plummeted over $8,000 in just one day, falling below the $99,000 mark.
Meanwhile, altcoins have faced even more severe impacts, with significant price drops for various digital currencies such as XRP, AVAX, DOGE, LINK, and others.
BTC Crash
Bitcoin's performance was very strong before yesterday's crash. From December 10 to December 17, Bitcoin rose over $14,000, pushing the price above the $100,000 mark, and at one point soared to $108,000, setting a new all-time high.
The Federal Reserve's stance on upcoming interest rate cuts has sparked controversy, placing heavy pressure on cryptocurrencies and other high-risk assets. Bitcoin plummeted over $8,000 in just one day, falling below the $99,000 mark.
Meanwhile, altcoins have faced even more severe impacts, with significant price drops for various digital currencies such as XRP, AVAX, DOGE, LINK, and others.
BTC Crash
Bitcoin's performance was very strong before yesterday's crash. From December 10 to December 17, Bitcoin rose over $14,000, pushing the price above the $100,000 mark, and at one point soared to $108,000, setting a new all-time high.
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[Hot search list: USUAL popularity rises, 24H up 49.29%]
The popularity ranking shows that USUAL's popularity is the same as yesterday, ranking second, and the popularity ranking is as follows:
① USUAL ($1.22, 49.29%)
② LTC ($108.60, -10.01%)
③ ETH ($3673.74, -5.01%)
④ SOL ($208.64, -3.78%)
⑤ PNUT ($0.8146, -19.35%)
#USUAL🔥🔥🔥 #LTC📈 #ETH🔥🔥🔥🔥 $SOL #PNUT
The popularity ranking shows that USUAL's popularity is the same as yesterday, ranking second, and the popularity ranking is as follows:
① USUAL ($1.22, 49.29%)
② LTC ($108.60, -10.01%)
③ ETH ($3673.74, -5.01%)
④ SOL ($208.64, -3.78%)
⑤ PNUT ($0.8146, -19.35%)
#USUAL🔥🔥🔥 #LTC📈 #ETH🔥🔥🔥🔥 $SOL #PNUT
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#doge⚡ Is it time to buy the bottom? $ETH Rebound is imminent, and the secrets of cryptocurrency investment are revealed!
Investment opportunity analysis:
During this market crash, Dogecoin has shown great investment opportunities. From 0.48 to 0.34, there has been a 30% correction, and it is currently in the 0.618 golden section support range (0.33 - 0.35). Considering that Musk is about to enter the White House in a month, it is expected that $DOGE will rise with an 80% probability, which is worth paying attention to.
Market shock feedback:
Powell's hawkish remarks triggered a sharp market shock, resulting in Ethereum long orders being stopped. Market sentiment fluctuates greatly, and investors need to remain vigilant.
Ethereum operation strategy:
Ethereum currently has strong buy order support in the 3420 to 3520 range, so it can enter the market at a low point, and it is recommended to use 2x leverage for bottom buying. It is expected that the price will not fall to 1800, the risk is low and there is the potential to double the return. For long-term investors, you can hold firmly, especially before the Prague upgrade in March 2024, the market may usher in a large rebound. #ETH🔥🔥🔥🔥
Experience and suggestions:
Although Ethereum has a short-term correction, the amplitude is limited and the risk is not large. Remind new investors to make a reasonable layout according to their own capital scale to avoid the huge risk of zeroing due to the pursuit of high leverage. Reasonable risk control and steady investment are the keys to success.
Investment opportunity analysis:
During this market crash, Dogecoin has shown great investment opportunities. From 0.48 to 0.34, there has been a 30% correction, and it is currently in the 0.618 golden section support range (0.33 - 0.35). Considering that Musk is about to enter the White House in a month, it is expected that $DOGE will rise with an 80% probability, which is worth paying attention to.
Market shock feedback:
Powell's hawkish remarks triggered a sharp market shock, resulting in Ethereum long orders being stopped. Market sentiment fluctuates greatly, and investors need to remain vigilant.
Ethereum operation strategy:
Ethereum currently has strong buy order support in the 3420 to 3520 range, so it can enter the market at a low point, and it is recommended to use 2x leverage for bottom buying. It is expected that the price will not fall to 1800, the risk is low and there is the potential to double the return. For long-term investors, you can hold firmly, especially before the Prague upgrade in March 2024, the market may usher in a large rebound. #ETH🔥🔥🔥🔥
Experience and suggestions:
Although Ethereum has a short-term correction, the amplitude is limited and the risk is not large. Remind new investors to make a reasonable layout according to their own capital scale to avoid the huge risk of zeroing due to the pursuit of high leverage. Reasonable risk control and steady investment are the keys to success.
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Bitcoin Liquidation Risk and Trading Strategy Analysis
I. Liquidation Risk Point Analysis
According to liquidation data analysis, Bitcoin longs face significant liquidation risk at the levels between 98599 and 100570, as well as at 103907, 96966, and 96797. Shorts should pay attention to key levels in the range of 10147 to 103275, 103835, and 104600, as these areas may become pressure points for liquidation. Both bulls and bears need to closely monitor these price ranges, as they could have a significant impact on market trends.
II. Current Price and Market Trends
Currently, Bitcoin's price fluctuates between 101000 and 101800, with overall market performance being relatively stagnant. The market's focus is on the key resistance area between 101800 and 128000. Combining market dynamics, technical indicators, and capital flow, the current trend leans towards bullish, indicating that market upward momentum remains strong and bulls are in control.
III. Short Selling Trading Strategy Recommendations
For investors planning to short, it is recommended to take light positions for short-term shorts at appropriate times. However, considering the market's bullish inclination, risk management is crucial. It is essential to set stop-loss points to mitigate potential losses in case the price moves contrary to expectations. In the current bullish-dominated market environment, disciplined operations are key to avoid blind aggression. Flexibly adjust strategies according to real-time market changes to ensure each trade remains within a controllable risk range, thereby safeguarding asset security and achieving steady appreciation.
I. Liquidation Risk Point Analysis
According to liquidation data analysis, Bitcoin longs face significant liquidation risk at the levels between 98599 and 100570, as well as at 103907, 96966, and 96797. Shorts should pay attention to key levels in the range of 10147 to 103275, 103835, and 104600, as these areas may become pressure points for liquidation. Both bulls and bears need to closely monitor these price ranges, as they could have a significant impact on market trends.
II. Current Price and Market Trends
Currently, Bitcoin's price fluctuates between 101000 and 101800, with overall market performance being relatively stagnant. The market's focus is on the key resistance area between 101800 and 128000. Combining market dynamics, technical indicators, and capital flow, the current trend leans towards bullish, indicating that market upward momentum remains strong and bulls are in control.
III. Short Selling Trading Strategy Recommendations
For investors planning to short, it is recommended to take light positions for short-term shorts at appropriate times. However, considering the market's bullish inclination, risk management is crucial. It is essential to set stop-loss points to mitigate potential losses in case the price moves contrary to expectations. In the current bullish-dominated market environment, disciplined operations are key to avoid blind aggression. Flexibly adjust strategies according to real-time market changes to ensure each trade remains within a controllable risk range, thereby safeguarding asset security and achieving steady appreciation.
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Why has the cryptocurrency market dropped today?
#美联储降息 #BTC☀ #FLOKI🔥
In the past 24 hours, the total market cap of cryptocurrencies has dropped by 4.60%, suggesting a potential bearish trend by the end of this year. Bitcoin (BTC) has also fallen, during which many altcoins experienced double-digit losses. Among the top 100 cryptocurrencies, the dog-themed token Floki (FLOKI) saw the largest decline.
The Fed's interest rate cut led to a drop in Total's stock price, which may decline further.
As of December 18, the total market cap of cryptocurrencies was $3.63 trillion. Today, it has fallen to $3.43 trillion. This drop may be related to the Fed's interest rate cut of 25 basis points (25bps), down from the 50 basis points that the market expected a few months ago.
In the past 24 hours, the total market cap of cryptocurrencies has dropped by 4.60%, suggesting a potential bearish trend by the end of this year. Bitcoin (BTC) has also fallen, during which many altcoins experienced double-digit losses. Among the top 100 cryptocurrencies, the dog-themed token Floki (FLOKI) saw the largest decline.
The Fed's interest rate cut led to a drop in Total's stock price, which may decline further.
As of December 18, the total market cap of cryptocurrencies was $3.63 trillion. Today, it has fallen to $3.43 trillion. This drop may be related to the Fed's interest rate cut of 25 basis points (25bps), down from the 50 basis points that the market expected a few months ago.
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Spot Target: $DEGO Current Price: 3.21
Take Profit Target: Target price is 4.
Altcoin Explosion Prospects:
It is expected that the altcoin market will迎来 a round of explosion, it is recommended to gradually build positions, layout in advance, and prepare to capture potential gains. #dego
Take Profit Target: Target price is 4.
Altcoin Explosion Prospects:
It is expected that the altcoin market will迎来 a round of explosion, it is recommended to gradually build positions, layout in advance, and prepare to capture potential gains. #dego
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XRP price falls to key support level: Can a reversal occur?
#xrp
XRP price started another round of decline below the $2.350 area. The price retested the support area of $2.20 and is currently trying to bounce back.
XRP price started to decline again from the $2,720 area.
Currently, the price is below $2.50 and the 100-hour simple moving average.
On the hourly chart of XRP/USD, a bearish trend line has formed with a resistance level at $2.45 (data source from Kraken).
If it breaks above the resistance level of $2.40, the currency pair may start to rise again.
XRP price fell to $2.20
XRP price failed to break the level of $2.50 and started another round of decline, just like Bitcoin and Ethereum. It dropped below the levels of $2.45 and $2.40.
XRP price started another round of decline below the $2.350 area. The price retested the support area of $2.20 and is currently trying to bounce back.
XRP price started to decline again from the $2,720 area.
Currently, the price is below $2.50 and the 100-hour simple moving average.
On the hourly chart of XRP/USD, a bearish trend line has formed with a resistance level at $2.45 (data source from Kraken).
If it breaks above the resistance level of $2.40, the currency pair may start to rise again.
XRP price fell to $2.20
XRP price failed to break the level of $2.50 and started another round of decline, just like Bitcoin and Ethereum. It dropped below the levels of $2.45 and $2.40.