Venice Token (VVV) has seen its price fall by 11% after failing to break through a key Fibonacci resistance zone, leading to a sharp downward reversal. Market activity is cooling, with open interest dropping 17%, signaling traders are closing positions amid uncertainty. Despite some long liquidations, funding rates remain slightly positive, indicating the market is still somewhat overvalued. Momentum indicators like the Stochastic RSI have turned bearish, suggesting further declines are possible, with $10 identified as the next key support level for investors to watch.
Cryptocurrency markets saw a general decline with Bitcoin falling 1.72% to $63,743 and Ethereum down 1.24% to $1,916. Several altcoins experienced sharper drops, including SHIB down nearly 7% and NEAR down over 7%. Stablecoins remained steady around ...
This week, the crypto market faced pressure from geopolitical tensions and DeFi exploits, causing Bitcoin ETF flows to turn negative. Despite this, some altcoins like Audiera (BEAT), Shiba Inu (SHIB), and Venice Token (VVV) showed strong gains, drive...
