Crypto Prices Today: Ethereum Surges Past $3,100, Altcoins Experience Mixed Action
Bitcoin remained stable above $51,000 while some altcoins experienced significant gains and losses. Ethereum reached a milestone by surging past $3,100, its highest point in two years. Other top altcoins, such as Cardano and XRP, saw a decline in value while Solana gained significant value. The Pepe Coin and Flare emerged as top gainers, with Pepe Coin rebounding by 2.83% and Flare registering a phenomenal surge of nearly 18%.
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- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.
OPEN has dropped by 189.51% within 24 hours during a significant market pullback
- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.
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