Yesterday saw WIF through a major break below an ascending trendline after four months of trading. It located support above $2 and recovered briefly but remains weak on the day following a 30% loss in 7 days. Many meme coins have posted a serious loss in the past month as the crypto market took a downturn. The bears are currently taking charge. However, WIF’s structure still looks bullish on the daily timeframe, but the trend seems to have shifted to the downside following yesterday’s break below an ascending trendline that stood as support since August. It tested $2.15 earlier today and took a little break due to a bounce. The price is now trading at around $2.27, While the asset is yet to establish support, it may revisit November’s low before resuming bullish. Holding the current daily low (as support) could result in a fresh buy. So far, WIF has declined by more than 50% since it lost grip above $4.8 in early November. Other major meme coin like Bonk Inu is down by over 40% – making it the biggest loser in the past 30 days of trading. WIF’s Key Levels To Watch Source: Tradingview If the price recovers higher, WIF could retest the $2.54 level that broke as support yesterday. Above it lies the minor $3.2 resistance, followed by the monthly $4 resistance level. A climb above these levels could bring a full recovery to $4.86 before breaking higher. If the price breaks lower, the November $1.9 low would be the next support to watch. Other support levels to keep in mind are $1.6 and $1.3. Key Resistance Levels: $2.54, $3.2, $4 Key Support Levels: $1.9, $1.6, $1.3 Spot Price: $2.27 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: anaki2405/ 123RF // Image Effects by Colorcinch
Following the Federal Reserve’s (Fed) interest rate cut, Bitcoin (BTC) experienced a price decline that activated a critical indicator historically marking the end of price corrections. Fed’s Rate Cut and Expectations On Wednesday, the Fed reduced the benchmark borrowing cost as anticipated. Continue Reading: Bitcoin Price Decline Signals Key Technical Indicator Activation The post Bitcoin Price Decline Signals Key Technical Indicator Activation appeared first on COINTURK NEWS .
As Bitcoin dipped below the $100,000 psychological barrier, social media chatter about “buying the dip” surged to its highest level since April, according to crypto analytics firm Santiment. On December 19, the social dominance score for “Buying the Dip” reached 0.061, reflecting heightened interest in the strategy. This marked the highest level since April 12, … Continue reading "Bitcoin’s Drop Below $100K Sparks “Buy the Dip” Frenzy" The post Bitcoin’s Drop Below $100K Sparks “Buy the Dip” Frenzy appeared first on Cryptoknowmics-Crypto News and Media Platform .
Amid the latest crypto meltdown, Dog-themed meme coins suffer the most loss as Floki leads the park with a 15% drop in the last 24 hours. It appeared bearish daily and now sits above September’s high. The past month has been tough for Floki as it failed to advance bullishly above the $0.0003 level. An attempt to break above this key level earlier this month proved abortive and the crypto formed a double-top pattern. This bearish pattern led to a serious breakdown this week and the price plunged below the key $0.0002 level yesterday. Volatility increased today and it slipped to a low of $0.000177 for the first in three months. Rejecting this low, the price bounced back and now trades at $0.000188. A further bounce could bring a fast retest at the broken key level before deciding on where next to head. For now, the bears are gaining control. However, it is important to note that the latest breakdown is considered a retracement of last month’s impulsive movement. We can expect the bulls to step back in action if the current daily low holds as support. Otherwise, Floki may enter the $0.00015 range before bouncing back. Looking back, it has seen over $25% losses in the past month of trading. Floki’s Key Levels to Watch Source: Tradingview A drop below the holding $0.000177 support level could slide the price to a low of $0.0001483 this week. The lower price level to watch for support is $0.000125 – where it initiated a surge in volatility last month. The $0.00021 level is considered the closest resistance for a test. If Floki climbs above it, the $0.000283 resistance is the next level to watch for a break up to the $0.00035 resistance – printed in June. Key Resistance Levels: $0.00021, $0.000283, $0.00035 Key Support Levels: $0.000177, $0.0001483, $0.000125 Spot Price: $0.000188 Trend: Bearish Volatility: High Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: promesaartstudio/ 123RF // Image Effects by Colorcinch
OKX, one of the leading cryptocurrency exchanges, continues to list new altcoins. At this point, OKX announced in its statement that it listed the altcoins FARTCOIN and AI16Z in the futures. “We are pleased to announce the launch of USDT-collateralized perpetual futures for FARTCOIN and AI16Z. FARTCOIN/USDT perpetual futures trading will open on December 20, 2024 at 04:15 UTC. AI16Z/USDT futures contracts will open on December 20, 2024 at 04:30 UTC.” While Fartcoin is a token mentioned in the back room of Truth Terminal, an autonomous chatbot created by artificial intelligence researcher Andy Ayrey, AI16Z is the token of the first venture capital firm led by AI representatives. Following the OKX listing announcements, there were significant increases in altcoins named FARTCOIN and AI16Z. *This is not investment advice. Continue Reading: Surprise Listing from OKX! Binance Listed Two Altcoins It Chose on Its New Platform, Prices Soared!
Virtual Protocol is currently on a roll, with a 14.55% daily decline and trading at $2.19. In the…
Nexus said the testnet results show that there’s “early excitement” for a shared supercomputer.
Solana continued to show signs of weakness daily following another 3% loss in the past 24 hours. However, it remains bullish but is still finding a key level to initiate a fresh buy. The price is currently under retracement. The late November drops continued to bring a notable setback for Sol’s bulls on a daily scale, though the $200 level has suppressed selling since the market witnessed a sudden meltdown over the past week. Following a short recovery, the $240 level posed a threat to the bulls and the price fell, though the volatility currently looks insignificant due to low supply. A big loss should be expected if the supply level increases. Looking at the choppy price actions over the past week, Sol appeared to be gathering liquidity for another major sell-off capable of retracing the price lower to the $190 and $180 area, where the buyers are patiently waiting to initiate an entry in the next few days. While the ongoing retracement phase provides a discount for a long-term reaccumulation, we can expect a huge rebound once the price tests the white ascending trendline, acting as diagonal support since September. A breakdown of this line could result in an end of the bullish move. But from a technical perspective, more growth is expected in the future. SOL’s Key Level To Watch Source: Tradingview As Sol advances retracement near a weekly support level of $210, the price must break below $200 before testing $194 and $183.4, where the trendline lies. From there, we can expect a bounce back. But if the price recovers from the current trading level, the immediate resistance level to watch on the way up is $247, followed by $264.4. A break up there could rocket the price to $280 and $300 in no time. Key Resistance Levels: $247, $264.4, $280 Key Support Levels: $210, $194, $183.4 Spot Price: $217 Trend: Bearish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
In a significant turnaround, Maker (MKR) is set to target $5,000 as Ethereum (ETH) breaks through downtrends, instilling renewed market confidence. The recovery is reflected as 62% of MKR holders
Maker targets $5,000 as Ethereum soars, breaking downtrends with bullish signals and strong holder confidence.