As Bitcoin grapples with selling pressure in anticipation of its halving, Ethereum finds itself struggling below the crucial $3,000 support level, leaving investors pondering the future. Amidst these challenges, Furrever Token emerges as a delightful beacon in the crypto world, promising to infuse joy into the market with its adorable kitty-themed approach.
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Bitcoin (BTC) Faces Selling Pressure Ahead of Halving
With three days left until the halving event, selling pressure continues in Bitcoin (BTC). The leading cryptocurrency, Bitcoin (BTC), maintains its downward trend, starting at $72,797 and dropping to $64,499 yesterday, closing the day at $61,277 with a 3.94% decrease.
Bitcoin (BTC) Chart Analysis
Prior to the halving, Bitcoin (BTC) came under selling pressure at $72,797 amid news of potential conflicts in the Middle East, sustaining a downward trend for a week. Looking at the daily chart, Bitcoin (BTC) tested $59,678 below the $60k horizontal support yesterday but closed the day above it at $61,277 with buying pressure from this zone. Currently trading near the $60k support, further selling pressure could occur with daily closes below $60k. The first support zone below $60k daily closes is at $58,728, the EMA100, and if this support is breached, we might see a retracement towards the $52k support. For Bitcoin (BTC) to initiate an upward movement, it needs daily closes above EMA5 and EMA55.
Ethereum (ETH) Below $3k Support – What to Expect?
Ranked second with a market capitalization of $359 billion behind the leading cryptocurrency Bitcoin (BTC), Ethereum (ETH) is trading below the $3k support despite the approval of the Hong Kong spot ETF. Ethereum (ETH) tested a high of $3,122 yesterday but closed the day at $2,985 with a 3.23% decrease. Starting today with a sideways movement, Ethereum (ETH) is currently trading at $2,986 with a 0.03% increase.
Ethereum (ETH) Chart Analysis
Ethereum (ETH), with a market capitalization of $359 billion behind Bitcoin (BTC), has declined from $3,500 to $2,845 in the last ten days amid news of conflicts in the Middle East. Despite the news of approval for the Hong Kong spot ETF, Ethereum (ETH) is currently trading below the psychological support of $3k. Analyzing the daily chart, we observe that EMA5 has crossed below EMA100 in Ethereum (ETH). Until a daily close is made above EMA5 again, I anticipate the continuation of selling pressure for Ethereum (ETH). The initial support zones for Ethereum (ETH) are $2,858 and the EMA200 at $2,710. Daily closes above the EMA100 at $3,081 could prompt Ethereum (ETH) to make a move towards $3,205 and $3,280.
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Furrever Token (FURR): Bringing Joy to the Crypto World
Meet Furrever Token, a charming newcomer to the crypto scene aiming to inject a dose of cuteness into the blockchain universe. In a realm often dominated by serious projects, Furrever Token (FURR) stands out with its mission to spread delight and warmth through adorable kitty-themed experiences. With a focus on fostering a playful and communal atmosphere, this token integrates cute cat stickers, emojis, and visuals, promising regular challenges and events to uplift its users.
Operating under the symbol Furrever Token (FURR) on the BNB-20 blockchain, Furrever Token (FURR) boasts a total token supply of approximately 9 billion, with 65% available during the presale. Allocation includes 25% for DEXs and 10% for the team, locked for a year. The project also teases future surprises featuring exclusive cute cat content, further enriching the community’s experience.
With over $820,000 already raised and entering stage 7 of its 10-stage fundraising journey, Furrever Token (FURR) appears primed for success, aiming for a $1.9M target. Priced at $0.000564, the token offers potential returns of up to 15X, with investors able to participate exclusively through the official website, furrevertoken.com, using payment options such as USDT (BEP-20).
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