#BTC☀ #meme板块关注热点 #brett #TOTAL
The cryptocurrency market has clearly rebounded today, with the total market value rising by 2% in the past 24 hours. Bitcoin (BTC) has also risen, also by 2%. Among altcoins, meme coin Brett (BRETT) has performed the best, soaring 17% over the same period.
Today's News:
Ethena Labs has proposed to include Solana (SOL) in the mix of collateral assets backing its synthetic stablecoin USDe.
The Avalanche Foundation plans to buy back the 1.97 million AVAX tokens it sold to the Luna Foundation Guardians (LFG) in April 2022, a month before the Terra blockchain ecosystem collapsed.
Total rebounds to resistance
Total's share price has risen over the past 24 hours as market sentiment returned to neutral and investor activity picked up. Total's market capitalization is currently $2.18 trillion, approaching the key resistance level of $2.20 trillion. Total has been trying to break through this resistance since August.
Total had attempted to break through this level on September 27, but failed to hold on to the retest due to strong selling pressure. Now, Total is once again trying to break through this level, and key momentum indicators suggest that it may succeed this time.
For example, Total’s relative strength index (RSI), which measures oversold and overbought conditions in the market, continues to rise, showing that buying pressure is increasing. At press time, the RSI is 57.18, trending upward, indicating that buying forces are gradually taking over.
Cryptocurrency market capitalization analysis.
If this trend continues, the Total market capitalization is expected to break through the resistance level of $2.20 trillion and rebound further to $2.32 trillion.
Bitcoin bull run reappears
Leading cryptocurrency Bitcoin is currently trading at $63,806, up 2% in the past 24 hours. At current prices, BTC is just below the $64,303 resistance level.
Its moving average convergence/divergence (MACD) indicator shows that there is a high chance of a breakout above this resistance level in the short term as momentum gradually builds. According to the indicator, which tracks price trends and potential reversal points, the MACD line (blue) is about to cross over the signal line (orange), which signals a potential bullish crossover.
This MACD signal is often seen as a sign that an uptrend is about to form, and traders often see it as a sign that prices may continue to rise. If Bitcoin successfully breaks through the $64,303 resistance level, it is expected to move towards the next target of $68,463.
Bitcoin price analysis.
However, if the selling pressure intensifies at the resistance level, Bitcoin price could drop back to $58,459.
Brett Takes Charge
BRETT is the top gainer in the past 24 hours, with a 17% price increase. The meme token is currently trading at a 30-day high of $0.11.
BRETT Price Analysis.
However, this rally may be difficult to sustain as BRETT’s RSI shows an overheated market. Currently, the token’s RSI is 71.29, which is clearly in overbought territory, with signs of weak buying and a high risk of a price correction.
