Filecoin (FIL) fell 7% in 24 hours, extending its weekly loss to 26% after losing a critical support zone between $0.80 and $0.83. This support had held for nearly two months but its failure led to a sharp 47% drop from May highs. The current market shows bearish momentum with oversold conditions, suggesting a possible short-term bounce. However, FIL must reclaim $0.83 to signal recovery; otherwise, it risks falling further toward the next support near $0.65 and potentially $0.58-$0.60 if that fails.
Venice Token (VVV) surged 10.36% to $18.29, driven by growing investor interest in decentralized finance (DeFi) platforms where it plays a key role. Its market cap reached $856.45 million, reflecting increased confidence. Meanwhile, other tokens like...
Bitcoin briefly dropped below $60,000, triggering widespread long liquidations in the crypto derivatives market before recovering to $61,500. This volatility weakened market sentiment, causing severe losses in altcoins like Zcash (-23.65%), Stable (-...
Major cryptocurrencies experienced significant price declines, with Bitcoin falling 4.25% to $60,761 and Ethereum dropping 9.86% to $1,592. Other notable losses include Binance Coin down 4.74% and Cardano plunging nearly 15%. This broad sell-off refl...
