Cardano (ADA) Drops 37%, Then Jumps 41% – Next Stop $0.9 or New Crash?
The crypto market witnessed chaos as Cardano (ADA) plunged 37% in just 24 hours. This steep drop sent ADA crashing to $0.506, a price level not seen since November 10. Investors panicked, liquidations surged, and uncertainty took over. However, ADA’s story did not end there. After this sharp decline, buyers rushed in, eager to seize the discounted price. Within hours, ADA recovered 41% of its losses. This unexpected comeback positioned Cardano near crucial resistance levels at $0.6 and $0.7. Now, the market watches closely to see if ADA will hold strong or face another sharp decline. ADA’s Wild 24 Hours: A Crash and a Quick Recovery Crypto traders experienced a rollercoaster ride as ADA’s price action shocked the market. The $8 billion liquidation event wiped out many positions, pushing Cardano to new local lows. Fear spread as investors worried about a deeper plunge. Then, a surprising turnaround unfolded. Strong buying pressure lifted ADA’s price, showing resilience in the face of extreme volatility. Within hours, Cardano clawed back much of its loss, signaling a potential shift in momentum. Traders now wonder whether this recovery marks the start of a sustained rally. Key Resistance and Support Levels: Where ADA Stands Now ADA’s price hovers between two critical levels: $0.6 and $0.7. These points determine whether Cardano will rally or retreat. If ADA remains above $0.6, bullish momentum could build, pushing it toward $0.8–$0.9. Breaking past $0.7 would strengthen the case for a bullish trend. Investors view this level as an essential psychological resistance. A move beyond it could fuel further gains, attracting fresh demand. Read Also: XRP’s Highs and Lows: A Deep Dive Into… However, if ADA fails to hold this support, sellers may take over, driving the price downward again. The market remains fragile, and any sign of weakness could trigger another wave of selling pressure. Can ADA Hold Its Ground? Bulls vs. Bears ADA’s future depends on whether buyers sustain the current support zone. If buying pressure remains strong, Cardano could gain momentum. Investors looking for signs of strength will watch how ADA reacts around these resistance levels. Market conditions will also influence Cardano’s trajectory. If Bitcoin stabilizes and the broader crypto market regains confidence, ADA could benefit. The recent rebound suggests buyers still see value in Cardano, despite recent turbulence. On the other hand, bears could regain control if ADA fails to maintain key levels. Another breakdown would likely lead to deeper losses, frustrating investors who hoped for a swift recovery. The next few days will determine whether ADA continues its upward climb or faces renewed selling pressure. Is Now the Right Time to Buy ADA? ADA’s sharp drop and rapid rebound create an opportunity for traders. Some see this as an ideal entry point, while others remain cautious. The key lies in whether Cardano holds its support levels and builds on its recovery. Before making a decision, investors should track ADA’s price action, market trends, and overall sentiment. A break above resistance could spark a rally, while a failure to hold current levels might lead to another dip. Read Also: 56% Approval Odds: Will Dogecoin ETFs Finally Get… For now, the market waits. Cardano stands at a crossroads, and the coming days will reveal its next move. Traders should stay alert, analyze the charts, and prepare for whatever comes next.
XRP’s Highs and Lows: A Deep Dive Into January’s Price Action
January was a turbulent month for Ripple’s XRP. Starting with a price of $2.43, XRP’s journey was marked by volatile highs and sharp corrections. The cryptocurrency saw a dramatic peak at $2.87 mid-month, only to tumble back down to its current price of $2.41 by February. This represents a slight month-on-month drop of 1.36%. While this may seem minimal, the story lies in the highs and lows XRP traversed during the period. Volatility Unleashed: What Happened in January? The month began with XRP hovering in a consolidative phase. However, significant market activity saw the price spike dramatically. The trading volume soared, reaching $34.41 billion in a 24-hour period by the end of January—a staggering 443% increase. This surge in activity likely reflected heightened interest, driven by a mix of speculative trading and broader crypto market excitement. Related article: XRP’s 24-Hour Drama: Will It Soar or Sink from $2.30? Despite this, XRP’s market cap saw a significant decline, dropping 15.93% to $138.88 billion. This was largely attributed to selling pressure as traders sought to capitalize on the mid-month price rally. Meanwhile, XRP’s Fully Diluted Valuation (FDV) stood strong at $240.72 billion, indicating the token’s enduring potential. The Technical Metrics: Market Context XRP’s circulating supply remained stable at 57.7 billion tokens, a key factor in the price stability seen after the dramatic fluctuations. However, the token’s all-time high of $3.84, reached seven years ago, remains elusive. Its all-time low of $0.002802 from 11 years back highlights the dramatic journey XRP has undertaken to reach its current price levels. One month price chart- source: CoinMarketCap Transitional market forces and heightened volatility defined XRP’s January. The broader cryptocurrency market also saw significant movements, pulling XRP along for the ride. Its resilience amidst these conditions speaks volumes about its market positioning and investor confidence. Related article: Ripple’s XRP Gains 0.46% in a Day: A Sign of Stability Amid Volatility? XRP’s performance this past month showcased its ability to both captivate and frustrate investors. Its rapid price swings remind market participants of the inherent volatility in crypto trading. With a promising volume-to-market cap ratio of 24.79%, XRP remains poised for further action. Whether it will retest January’s highs or dive further into correction territory is the question driving current speculation.
56% Approval Odds: Will Dogecoin ETFs Finally Get the Green Light?
Grayscale Investments has introduced its first-ever Dogecoin Trust, expanding its suite of digital asset products. This new investment vehicle provides accredited investors with direct exposure to DOGE, the popular meme coin. Grayscale’s decision highlights Dogecoin’s increasing legitimacy and growing institutional interest. Dogecoin emerged from Litecoin’s codebase but quickly gained traction worldwide. Despite its meme origins, DOGE now serves as a widely accepted cryptocurrency. Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary, emphasized that Dogecoin aligns with Bitcoin’s original vision. She noted that its egalitarian ethos makes it an attractive asset for investors seeking decentralized financial alternatives. Grayscale Limits Dogecoin Trust to Accredited Investors While Dogecoin remains popular among retail traders, Grayscale has structured its new trust for accredited investors only. This restriction ensures compliance with regulatory guidelines and aligns with the firm’s institutional focus. By limiting access, Grayscale aims to offer a secure investment vehicle within a controlled financial framework. Since its launch, the firm has introduced several crypto trusts, including one for XRP in September 2024. These products cater to institutional clients who seek diversified crypto exposure. Recently, Grayscale also filed for a Bitcoin Miners ETF, reinforcing its commitment to expanding investment options. Read Also: Why Crypto Market Is Down Today: Will Market… Dogecoin ETFs Gain Momentum Under New SEC Leadership A new, more crypto-friendly U.S. SEC administration has accelerated ETF approvals. This shift has encouraged asset managers to launch crypto-focused financial products. Even meme coins, once dismissed by institutional investors, now attract serious attention. Dogecoin has remained a dominant force in this evolving landscape. A Cinema Boy report revealed that Dogecoin ETF filings have surged in recent months. As of January 29, approval odds for these products have reached 56%. This growing interest underscores Dogecoin’s lasting relevance in the broader crypto market. Dogecoin Price Climbs 2.4% After Grayscale’s Announcement Grayscale introduced its Dogecoin Trust while DOGE traded in a consolidation phase. However, the announcement has injected fresh optimism into the market. Dogecoin’s price has risen 2.4% in the past 24 hours, reaching approximately $0.3366. Analysts believe this upward movement reflects growing institutional enthusiasm. If this trend continues, Dogecoin could experience increased trading volume and price momentum. Investors are now watching closely to see whether this new trust will drive sustained demand. Grayscale Strengthens Its Position in the Crypto Market Grayscale’s latest move reinforces its leadership in the crypto investment space. The firm pioneered a Bitcoin ETF listing in January 2023, setting a precedent for institutional crypto products. Since then, it has aggressively expanded its offerings to capture emerging market trends. By launching a Dogecoin Trust, Grayscale acknowledges the rising demand for meme coins among institutional investors. This development signifies a broader acceptance of non-traditional digital assets. It also challenges outdated perceptions that meme coins lack long-term value. Dogecoin’s Future Looks Bright Amid Institutional Adoption Dogecoin has come a long way since its creation. What started as an internet joke now commands serious attention from major financial players. Institutional adoption has surged, and regulatory conditions continue to improve. Read Also: JasmyCoin Surges by 29%: $0.03392 Price Peak in… Grayscale’s new trust solidifies Dogecoin’s place in the evolving crypto landscape. With ETF approval odds at 56% and price momentum building, DOGE could see further institutional inflows. Investors and analysts will watch closely as Dogecoin enters this next phase of its journey.
JasmyCoin Surges by 29%: $0.03392 Price Peak in 24 Hours
JasmyCoin (JASMY) continues to draw attention as it delivers an impressive performance over the past 24 hours. Known for its innovative approach to decentralized data management, JasmyCoin has recorded a 3.49% increase, pushing its price to $0.032. With trading activity intensifying, the token reached a daily low of $0.0261 and a high of $0.03392, showcasing a significant 29% price range. This article unpacks the factors driving this momentum and highlights key technical indicators investors should watch. JasmyCoin Gains Momentum with a 29% Price Range JasmyCoin kicked off the day at $0.026, showing steady growth throughout the 24-hour period. The token reached its peak price of $0.03392 before stabilizing near $0.032. This performance marks a significant rebound for JASMY, which has remained far below its all-time high of $4.99. Trading volume surged to 915.05 million tokens, reflecting heightened interest among traders and signaling increased market activity. Strong buying pressure drove this upward trend, reinforcing JasmyCoin’s position as a token with substantial market potential. Despite its previous struggles, the token has found renewed confidence among its supporters, thanks to its promising technology and growing use cases in the Internet of Things (IoT) sector. Bullish Indicators Strengthen JasmyCoin’s Prospects Technical indicators further support the bullish sentiment surrounding JasmyCoin. The Relative Strength Index (RSI) currently sits at 55.63, indicating a neutral-to-slightly bullish trend. This level suggests that the token is neither overbought nor oversold, leaving room for further upward movement. Moreover, the Moving Average Convergence Divergence (MACD) line recently crossed above the signal line, forming a bullish crossover. This shift underscores the growing momentum in favor of buyers and signals potential gains in the near term. Traders are also eyeing critical resistance at $0.034, with the next major breakout likely if this level is breached. What’s Driving JasmyCoin’s Recent Rally? Several factors have fueled JasmyCoin’s 24-hour rally. Growing interest in decentralized data platforms has played a crucial role in attracting investors. JasmyCoin’s focus on empowering users to control their data through blockchain technology has resonated strongly with a tech-savvy audience. Additionally, positive sentiment surrounding IoT projects has contributed to JasmyCoin’s price surge. As IoT adoption expands, demand for innovative solutions like JasmyCoin grows. These advancements position the token as a leader in integrating blockchain with IoT, further boosting investor confidence. Another catalyst has been the broader crypto market’s gradual recovery. Many altcoins have seen increased activity, and JasmyCoin has capitalized on this trend. JasmyCoin’s Support and Resistance Levels Hold Key Insights Market dynamics reveal crucial support and resistance levels for JasmyCoin. The token has established firm support at $0.026, which helped it maintain stability during price corrections. On the upside, resistance at $0.034 presents a significant challenge for bulls to overcome. Read Also: 24 Hours Price Analysis: Is LUNC Primed for… If JasmyCoin breaks through this resistance level, it could pave the way for further price gains. However, failure to breach this level may lead to consolidation or a short-term pullback. Traders remain cautiously optimistic as they monitor these critical thresholds. Can JasmyCoin Sustain Its Upward Momentum? JasmyCoin’s impressive 24-hour performance suggests strong potential for sustained growth, but investors must consider market volatility. The token’s recent rally reflects a combination of technical strength and increased investor interest. However, the crypto market remains unpredictable, and external factors could influence JasmyCoin’s trajectory. Despite these uncertainties, JasmyCoin’s focus on decentralized data management gives it a solid foundation. As blockchain adoption grows, the token stands to benefit from its unique value proposition. For long-term success, JasmyCoin must maintain its relevance by expanding partnerships and delivering on its technological promises. JasmyCoin’s recent price surge underscores its resilience in a competitive market. Over the past 24 hours, the token has demonstrated strong momentum, driven by bullish technical indicators and growing interest in IoT and blockchain solutions. With a 29% price range and a current value of $0.032, JasmyCoin has captured the attention of traders and investors alike. Read Also: Why Crypto Market Is Down Today: Will Market… While challenges remain, JasmyCoin’s innovative approach to decentralized data management positions it as a compelling investment opportunity. As the token continues to gain traction, breaking through resistance levels will determine its next steps. Investors should remain vigilant, as JasmyCoin’s potential depends on both market trends and its ability to deliver on its vision.
Why Crypto Market Is Down Today: Will Market Recover After FOMC?
The global crypto market is witnessing a downturn, with the total market cap dropping to $3.47 trillion, reflecting a 1.13% decrease over the past 24 hours. Market trading volume has also shrunk significantly, falling 27.08% to $111.85 billion within the same period. FOMC Meeting and Interest Rate Uncertainty The crypto market crash is driven by anticipation of the 2025 FOMC meeting, as markets historically react negatively before major Federal Reserve decisions. Analysts predict a 99.5% chance of rates staying at 4.25%-4.5%, but an unexpected rate cut could spark a recovery. Strategic selling ahead of the meeting is contributing to the dip. A dovish Fed stance may trigger a Bitcoin rally, while a hawkish stance could lead to further selling pressure in the market. ETF Outflows and Declining Investor Sentiment The latest Spot ETF news indicates institutional investors have reduced their crypto asset exposure. Bitcoin ETFs saw an outflow of $457.48 million on January 27, with nearly 8,000 BTC being liquidated, valued at approximately $800 million. Similarly, Ethereum ETFs witnessed an outflow of $136.25 million, highlighting declining investor interest. These outflows suggest that large-scale investors are cautious, possibly due to macroeconomic uncertainty and the Federal Reserve’s upcoming decisions. As a result, Bitcoin fell to $102,420.24, experiencing a 0.58% intraday drop, while Ethereum slumped to $3,137.80 after a 1080% daily drop in trading volume. Fear and Greed Index Reflects Investor Sentiment Shift The Fear and Greed Index, a critical indicator of market sentiment, currently stands at 50 (Greed) and 53 for yesterday, but a notable decline from last week’s Extreme Greed (66). This decline suggests that investor enthusiasm has cooled significantly, contributing to the ongoing market downturn. A month ago, the index was 65, showing a more stable bullish sentiment. However, the sharp drop from last week’s Extreme Greed indicates that traders are shifting towards caution, likely due to fears of increased volatility stemming from the FOMC meeting 2025 and ETF outflows. Historically, when the index moves downward from extreme levels, it often correlates with a crypto crash or market correction. Read more: 24 Hours Price Analysis: Is LUNC Primed for a Comeback? Key Indicators Suggest a Reversal Could Be Near Despite Showing 8.59% Dip Will the Crypto Market Recover? While short-term volatility is expected, a potential dovish stance from the Federal Reserve could catalyse Bitcoin and other cryptocurrencies to rebound. If ETFs regain inflows and investor sentiment improves, the market could stabilize and reverse its downward trajectory. For now, the crypto market remains at a critical juncture. The upcoming Fed Meeting news will determine whether Bitcoin, Ethereum, and other assets will recover or face further corrections.
Price Analysis: Jasmycoin (JASMY) Grapples With Resistance as Downtrend Persists Despite Slight 2.69% Surge in 24 Hours – When Is Reversal Expected?
Jasmycoin (JASMY) has faced significant resistance to reclaim higher levels as the broader crypto market remains subdued. With a 24-hour performance showing an upward movement at 2.69%, traders are assessing whether JASMY can break free from its downtrend. EMA Analysis: A Persistent Struggle The EMA on the one-hour chart emphasizes the ongoing battle between buyers and sellers. The EMA 20 currently stands at $0.02788, while the EMA 50 at $0.02808 provides an additional resistance layer. Meanwhile, the EMA 100 at $0.02884 and the EMA 200 at $0.02993 continue to reflect the challenges of overcoming the broader bearish trend. Currently, JASMY remains below all the significant EMA levels except the EMA 20, which it is testing for support. A failure to maintain this position could see the coin revisiting lower price points. The interplay between these EMA levels and the price action will be pivotal in determining JASMY’s next move. Bearish RSI Divergence Signals Caution The RSI divergence value of -1.12488 reflects underlying bearish sentiment. Although this divergence does not suggest extreme selling pressure, it does indicate a cautious market with limited buying interest at current levels. This lack of decisive momentum underscores the need for traders to wait for a clearer signal before initiating new positions. Support and Resistance Levels Jasmycoin’s support at $0.02447 remains a critical buffer against further declines. Resistance is evident near $0.02808 and $0.02884, aligning with the EMA 50 and EMA 100, respectively. A breach above these levels is necessary to reverse the prevailing bearish trend and build confidence among market participants. Related article: 24-Hour Price Analysis: Despite a Relatively Minimal Movement, JASMY Dips by 3.68%: – Jasmycoin’s Battle with Resistance Market Sentiment and Strategic Outlook The subdued performance of Jasmycoin in the past 24 hours reflects a broader market hesitation. The coin must decisively break above the EMA 100 and EMA 200 for bullish momentum to gain traction. These levels will be key indicators of a potential trend reversal. Conversely, a slip below $0.02447 could accelerate bearish pressure, pushing JASMY toward new lows. Jasmycoin faces a challenging road ahead, with EMA levels and RSI divergence as crucial guides for traders navigating the current market landscape. Patience and discipline will be essential in capitalizing on potential opportunities as the market evolves.
Shiba Inu Falls Below Crucial Support: Is a Recovery Possible?
Shiba Inu (SHIB) has surprised the cryptocurrency market with an unexpected bearish move, diverging from the broader market’s bullish trends. While major assets like Bitcoin and Ethereum continue to rally, SHIB has underperformed, breaking below crucial support levels. This has raised concerns about the token’s outlook and shaken investor confidence. Breakdown Below 200 EMA Signals Weakness The most alarming aspect of SHIB’s performance is its drop below the 200-day Exponential Moving Average (EMA), a key technical indicator for long-term trends. Historically, the 200 EMA has served as reliable support. When an asset falls below this level, it often signals prolonged bearish momentum. Related article: Shiba Inu on the Edge: Can SHIB Sustain the Momentum? In contrast to the wider market’s upward trajectory, SHIB’s inability to maintain its position above this crucial level highlights its weaker position. This divergence not only impacts SHIB’s immediate prospects but also casts doubt on its ability to attract investor interest in the near term. Struggles Around $0.00002000 Level Currently trading near $0.00001999, SHIB is struggling to reclaim the $0.00002000 mark. Holding above this level is critical for any potential recovery. Failure to do so may pave the way for further declines, potentially targeting $0.00001850 or even lower. 24 hours price chart- source: CoinMarketCap The bearish trend is exacerbated by rising sell volume, indicating growing pessimism among market participants. The lack of buying interest further reinforces the downward pressure, creating a challenging environment for SHIB. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge SHIB’s poor performance stands out, especially when the broader cryptocurrency market is thriving. While major assets experience upward momentum, SHIB’s inability to capitalize on these conditions reinforces its weaker standing. This discrepancy may push investors to shift their focus toward better-performing cryptocurrencies, further diminishing SHIB’s appeal. Recovery Hinges on Key Resistance Levels To reverse the bearish trend, SHIB must regain momentum above the 200 EMA and recover the critical $0.00002226 resistance level. A strong rebound at these levels could restore investor confidence and signal renewed interest in the asset. Until such a recovery occurs, the bearish sentiment may persist, warranting caution among traders. SHIB’s performance in the coming days will determine whether it can recover or continue its downward slide. For now, staying cautious and avoiding risky trades around SHIB could help investors safeguard their portfolios. Monitoring these critical levels will be essential for informed decision-making.
From Hype to Congestion: How $TRUMP Memecoin Launch Shook the Web3 Space
In a seismic moment for the crypto world, the launch of the $TRUMP memecoin made waves over the weekend, creating unprecedented activity across the Web3 ecosystem. Spearheaded by a tweet from President Donald Trump’s verified handle, the announcement sent the memecoin market into overdrive, drawing liquidity from altcoins and igniting record-breaking trading activity. The buzz around $TRUMP translated into an extraordinary surge in its market cap, reaching a jaw-dropping $15 billion, coupled with a trading volume exceeding $18.11 billion. The meteoric rise—peaking at $73.86—represented a staggering 700% increase within mere hours of its debut. The launch didn’t just captivate investors; it disrupted the Solana blockchain as the network struggled to handle over 8 million transaction requests per minute. A Record-Breaking Moment The Web3 community has never witnessed a phenomenon like this. As $TRUMP quickly became the hottest commodity in the crypto space, trading volumes surged past historical highs, outpacing even established altcoins. The frenzy saw investors across the globe scrambling to get a piece of the action, draining liquidity from other tokens in favour of the explosive memecoin. However, the Solana blockchain, chosen as the launchpad for $TRUMP, faced significant challenges. Congestion on the network caused delays, and many users struggled to execute transactions amid the chaos. Solana developers scrambled to mitigate the effects, stabilizing the blockchain’s performance. While the blockchain’s capacity to handle high transaction volumes has been lauded in the past, this event underscored the scalability hurdles still facing even the most advanced networks. A Volatile Comeback After reaching its all-time high of $73.86, $TRUMP experienced a sharp correction, dropping 34.51% within 24 hours to settle at $47.44. This decline reflects typical volatility in the memecoin market, where speculative enthusiasm often drives prices to unsustainable peaks before a cooldown phase. Despite the pullback, $TRUMP retains a significant market presence, leaving many to wonder about its long-term trajectory. New Chapter in Memecoin History The $TRUMP launch is a testament to the power of memecoins to capture attention and disrupt traditional market dynamics. Its impact extended beyond financial metrics, highlighting the community-driven nature of Web3 and exposing vulnerabilities in blockchain scalability. Related article: 7-Day Price Analysis: Is Neurashi (NEI) a Buy or Bust After a Volatile Week? As the memecoin phenomenon evolves, the launch of $TRUMP serves as both a milestone and a cautionary tale. It proves the potential of viral marketing in the Web3 era while emphasizing the need for robust infrastructure to handle future surges. With its impressive debut, $TRUMP has undeniably carved its place in crypto history—whether as a fleeting trend or a long-term disruptor remains to be seen.
Shiba Inu on the Edge: Can SHIB Sustain the Momentum?
Shiba Inu (SHIB) had an intriguing week, marked by fluctuating prices and soaring trading volumes. The week opened with SHIB priced at $0.00002079, quickly climbing to its 7-day high of $0.00002203. This surge came amid a significant 118.41% spike in 24-hour trading volume, reaching $1.58 billion. This increased activity hinted at growing market interest, especially as SHIB held a $12.41 billion market cap. Mid-Week Peaks: Fueling the Rally The rally’s momentum peaked mid-week, pushing SHIB beyond $0.000022 for the first time in weeks. Traders’ optimism stemmed from SHIB’s ability to hold ground above $0.000021 for several days. This level had become a psychological benchmark, driven by anticipation of ecosystem updates and rumors of new utility integrations. 7-days price chart- source: CoinMarketCap However, by the week’s close, SHIB’s value retraced to $0.00002108, representing a slight recovery after dipping to $0.00001977. Related article: Shiba Inu Sees 105% Burn Rate Spike and Price Surge This pullback, despite a weekly gain of 1.02%, underscores SHIB’s ongoing battle with market volatility. Its market cap dropped 4.53%, reflecting broader bearish sentiments as speculative traders locked in profits. Technical Insights: Volume and Supply Dynamics Interestingly, SHIB’s 12.74% volume-to-market cap ratio highlighted the intense trading activity throughout the week. With 589.25 trillion tokens circulating, the pressure to maintain stability remained high. The token’s fixed supply ensures scarcity, but its expansive circulating supply adds a layer of unpredictability. It’s worth noting SHIB’s all-time high of $0.00008845 from October 2021, a far cry from its current levels. Nevertheless, its astronomical rise from the all-time low of $0.00000000008165 (September 2020) reflects its potential for exponential growth. Related article: Shiba Inu: Can It Reclaim Momentum and Attract Bulls? Shiba Inu’s recent performance showcases its resilience, with trading volume and price action offering glimmers of hope for bullish traders. However, with macroeconomic factors and profit-taking influencing short-term trends, SHIB faces hurdles in sustaining upward momentum. Investors will likely watch for ecosystem updates or collaborations to reignite the rally. As it stands, SHIB’s volatility is both a risk and an opportunity for traders looking to ride the crypto wave.
Terra Classic Price Holds Steady, Demonstrating a 24 Hours 7.51% Increase Amid Pro-Crypto Sentiment
As the financial world buzzes with anticipation over Donald Trump’s upcoming inauguration and his pro-crypto stance, Terra Classic (LUNC) is showing intriguing movement. Investors are watching closely for signs of bullish or bearish sentiment in a market known for high volatility. The charts reveal critical data points suggesting LUNC’s immediate price trajectory, and with the inauguration just days away, LUNC’s price dynamics could play into broader crypto market trends. LUNC Tests Key Resistance Levels In the last 24 hours, LUNC has hovered around the $0.000107 mark, facing significant resistance from the 100-period EMA, currently positioned at $0.000111. The 50-period EMA at $0.000107 is a support, forming a tight price range. This consolidation phase suggests the market awaits a catalyst, potentially aligning with the inauguration’s pro-crypto rhetoric, which could spark renewed interest in altcoins like LUNC. The 200-period EMA at $0.000114 serves as a long-term resistance level. A breakout above this level could signal a bullish reversal for LUNC, paving the way for a potential test of $0.000120. However, failure to breach these levels might lead to a retracement toward the 20-period EMA at $0.000103. RSI Signals Strengthening Momentum The Relative Strength Index (RSI) currently sits at 6.7, indicating a divergence from recent bearish trends. While this is not in overbought territory, the divergence suggests that bullish momentum could be building. Should the RSI maintain an upward trajectory, it could reinforce the possibility of a breakout above the 200 EMA. Related article: 7-Day Price Analysis: Avalanche (AVAX) Climbs Over $40, the Weekly Surge That Stunned Investors! Impact of Macro Events on LUNC With Trump’s pro-crypto policies expected to bolster market confidence, traders might see increased volume and interest in LUNC. A favourable regulatory environment could ignite a rally across altcoins, including LUNC, by the end of the week. However, caution is warranted as market sentiment can shift abruptly. Conclusion LUNC’s price dynamics over the next 24 hours will be critical. A breakout above the 200 EMA could signal bullish momentum, while failure to do so might lead to further consolidation or retracement. With Trump’s inauguration on the horizon, the potential for a broader crypto rally adds an extra layer of intrigue to LUNC’s price movements.
