- Bitcoin’s immediate support at $58K and resistance between $59.5K-$60K shape its near-term trend.
- IO.net faces resistance at $1.75 whereby breaking this level could shift momentum, despite a volume drop.
- PEPE’s key resistance at $0.0578 and support at $0.0572 indicate crucial levels for potential upward movement.
The cryptocurrency market has shown notable volatility recently, with Bitcoin (BTC), IO.net (IO), PEPE, and Optimism (OP) all experiencing significant movements.
Bitcoin, trading at $58,623.85, has seen a decline of 1.78% in the past 24 hours. Immediate support sits around $58,000, a level that has recently acted as a price floor.
However, if Bitcoin falls below this threshold, the next significant support at $57,000 may come into play. On the resistance front, Bitcoin faces immediate resistance between $59,500 and $60,000.
Source: Coinmarketcap
A breakthrough in this range could signal a potential recovery. The most critical resistance level is near $60,500. If Bitcoin surpasses this, it might resume a bullish trend. Trading volume has spiked to $20.04 billion, a 36.01% increase, indicating heightened market activity despite the sh…
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Source: https://coinedition.com/daily-market-watch-btc-io-pepe-and-op-analysis/