OKX -OV OKB rose 11.47% to $ 53.24 after combustion of 42.4 million tokens (~ $ 2,26B), creating a shock of supply.
Fartcoin plunged 9.7% in the classic “Sell News” reaction to Binance.us list.
Over 1b liquidated while the conflict of Israel is pushed by oil to $ 76, Bitcoin tests 103K support.
The Crypto market is found at an intersection as geopolitical tension by howling global financial markets. KRIPTO MAJORETTS have barely broken today, with Bitcoin,, Ethereum,, Xrp And everything else down the line that remain straight – for the crypto standards,
The total market capitalization of cryptocurrencies is $ 3.58 trillion, just around where it was yesterday. Bitcoin struggles to hold over a $ 104,000 mark, again, where he was yesterday. XRP traded for $ 2,14, and Ethereum is just over $ 2,500 – and in green, but just barely.
In the Macro picture of Israel-Iranian conflict, he sent oil prices to increase by 7%, with Brent raw oil Touching $ 78while traditional safe refuge, such as gold, see a renewed occupation. S&P 500 hover just below 6,000 points, reflecting wider market insecurity as investors juggli with inflation care, decisions on federal reserves and escalating tensions in the Middle East.
But today there are at least two coins that make up great moves: one a month, the other in the country.
Fartcoin: Mania Meme Coin gets a reality check
Fartcoin trade data. Picture: TraringView
Fartcoin has become a slightly favored sign among the merchants of meme coin. For one, because it is funny and Memes trades vibrations. But for the second, the token based in Solana was a seemingly unstoppable trip up as “hot air growing”. Today, however, vibrations are down.
Fartcoin -ov 9.7% today shows a volatile nature of trading meme coins. AND Binance.us list He helped to encourage euphoria among Degene, increasing volume by $ 66% to $ 373 million, but reality quickly appeared as if profit profit had emerged. This “Selling News” form is a textbook reaction that experienced traders often predict.
The relative strength index, or RSI, sits for Fartcoin for 42 years, which is approaching the territory of the rollover – these metric measures of the momentum by comparing recent gains with losses, and readings below 50 suggest that bear pressure is created. When the RSI falls below 50, it often signals that sellers get control, which makes short -term jumps less likely.
The average token orientation index, or ADX, reads 16, indicating that the previous long-term trend of Bullish loses strength and is now weak. ADX measures how strong the price trend is regardless of the direction – reading below 25 suggest that the market has no belief, which means that traders need to expect rest and not on constant moves.
Exponential moving average for Fartcoin paint bear picture: Token is traded below 50-day EMA ($ 1,21) and approaches 200-day EMA ($ 1,02). When the price falls below these key movable average, it usually indicates that the short -term trend has become negative and traders often use these levels as dynamic resistance points for the sale of sets. However, the short -term EMA is the long -term EMA, which is still a good sign for long -term merchants as a cross of death (when Emma 50 below EMA 200, which means that the average price of coins was much higher than buying at newer prices) has not yet looked like a strong possibility.
But if Fartcoin crys with financial pain, OKB -Impressive 13.5% rush drives their holders to cry out of pure joy. Crypto Exchange OKX OKI token climbed to up to $ 54.70 before a less correction to the current price of $ 52.87 – enough to jump in prices of 9.87% per day.
Okx -ova 28. The lamb -token Removed 42.4 million OKB From circulation, which represents 20% circulating supply – a move that usually creates immediate scarcity and increases prices because the remaining tokens become more valuable.
OKB’s RSI reading on 55.26 actually shows neutral and missing momentum rather than overturning the conditions. This suggests that OKB has already recovered from the torn level and is now in a healthy territory above 50, which usually indicates bull’s momentum in combination with a price above key EMA. However, it was probably a move based on events, so traders would want to wait and see if the trend would continue after everyone sold the news.
Adx to 17 shows that the previous decline is a loss of vapor. In combination with resale, this suggests that a potential reversal of a trend is underway, although experienced dealers with the eye of technical technical products will wait for ADX to increase above 25 to confirm the new breeding that is established.
The price of the action shows that OKB Return 23.6% Fibonacci’s repair at $ 52.81 – these levels act as natural support and resistance based on mathematical ratios that traders widely monitored. The punching above this level with volume suggests that customers restore control. He also broke past Ema 50, which confirms this thesis.
As always, it is impossible to say with certainty whether this move is just a reaction to big news or a natural correction that will over time have a momentum.
Key levels:
Immediate support: $ 51.6 (50-day EMA)
Strong support: $ 49 to $ 50 (psychological level)
Immediate and stronger resistance: $ 56 (can swing high)
Waiver
The views and opinions the author expressed only for information purposes and do not represent financial, investment or other advice.
Daily review Bulletin
Start every day with top news, plus original features, podcast, videos and more.