The cryptocurrency circle is turbulent again: Floki plummeted, and Ethereum also suffered
Today, the cryptocurrency circle is upset again. The total market value fell by 3.4% in 24 hours, which made traders feel nervous. Bitcoin is hovering at $100,000, and small currencies like Floki have fallen even more. People can't help but mutter: Is the cryptocurrency going to collapse?
Bitcoin is competing with $100,000
Bitcoin is in poor condition today. It once fell below $100,000, dropped to $98,695, and then climbed back to $101,767. But this is not over yet. There is a support point at $100,124. Whether it can stand firm remains to be seen. If not, it may fall to around $97,794, and then the MA200 line may be able to pull it up.
Some analysts said that Bitcoin may rebound to $108,364, especially when the holiday is approaching, and trading may be more active. But now everyone is quite cautious, and the balance of power indicators are leaning towards the bears.
Fed Chairman Powell also came to add to the trouble, saying that he would not buy Bitcoin, which added another layer of uncertainty. When playing cryptocurrencies, emotions are very important, and now the emotions are not very good.
Floki fans are heartbroken
Floki fans are very sad. The currency fell 13.95% in one day and is now priced at $0.0001878. This is not a one- or two-day thing. Since December 9, Floki has fallen 34%.
The RSI (Relative Strength Index) has dropped to 23.03, which is an oversold zone. Some people think this is a good opportunity for a rebound, but who can say for sure. If it falls further, Floki may fall to $0.00014. Optimists think that $0.0002066 is the next resistance level, but it will take a lot of effort to climb up.
Ethereum: A ray of hope in troubled times
Ethereum did not escape this disaster, falling 5.08% in 24 hours. But interestingly, ETH's trading volume soared by 40%, which is quite active today.
Some experts believe that Ethereum may soon break through $4,000 and even challenge the historical high.
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