Brief
- OKB of OKX increases by $ 5.47% by $ 53.24 after burning 42.4 million tokens (~ 2.26 billion dollars), creating a supply shock.
- Fartcoin plunges 9.7% into the classic “Sell The News” reaction to the Binance.us list.
- More than $ 1 billion liquidated because the Israel-Iran conflict pushes oil at $ 76, Bitcoin is testing support of $ 103,000.
The cryptography market is found at a crossroads while geopolitical tensions serve the global financial markets. Crypto majors have barely moved today, with Bitcoin,, Ethereum,, Xrp And all the others on the line remaining flat – for cryptographic standards anyway,
The total market capitalization of the cryptocurrency is 3.58 billions of dollars, just around what it was yesterday. Bitcoin is struggling to hold above the $ 104,000 mark, once again, just where he was yesterday. XRP is negotiated at $ 2.14, and Ethereum is just above $ 2,500 – both in the green, but barely.
In the macro image, the Israel-Iran conflict brought the prices of oil to 7%, with Brent Touch $ 78While traditional refuges like gold see a renewed interest. The S&P 500 oscillates just below 6,000 points, reflecting a broader uncertainty of the market while investors juggle the inflation problems, the political decisions of the federal reserve and the climbing of the tensions of the Middle East.
But there are at least two pieces that make great movements today: one on the moon, the other in the earth.
Fartcoin: same corner mania receives a verification of reality
Fartcoin has become a little favored among the merchants of coins. On the one hand, because it is funny and the memes exchange vibrations. But for another, the Solana -based token had been on an apparently unstoppable journey up while “hot air increases”. Today, however, vibrations are declining.
The fall of 9.7% of Fartcoin today illustrates the volatile nature of the trading of memes. THE Binance.us helped trigger euphoria among the degrees, which increased the volume from 66% to $ 373 million, but reality quickly settled as the beneficiaries emerged. This model of “sales of news” is a reaction of manuals that experienced traders often provide.
The relative resistance index, or RSI, for Fartcoin is 42, near the territory of occurrence – these metric impulse measures by comparing recent gains with losses, with readings less than 50 suggesting that the down pressure is built. When RSI falls below 50, this often points out that sellers take control, making rebounds in the short term.
The average directional index of the token, or ADX, reads 16, indicating that the previous long term upward trend loses its strength and is now weak. ADX measures how high a price trend is, whatever the management – the readings less than 25 suggest that the market lacks conviction, which means that traders should expect that agitated actions and without direction rather than sustained movements.
The exponential mobile averages for Fartcoin paint a downward image: the token is negotiated below the 50 -day EMA ($ 1.21) and approaches the 200 -day EMA ($ 1.02). When the price falls below these key mobile averages, this generally indicates that the short -term trend has become negative and that traders often use these levels as dynamic resistance points to sell rallies. However, the short -term EMA is much higher than the long -term EMA, which is always a good sign for long -term traders as a death cross (when EMA 50 is lower than EMA 200, which means that the average price of the part is long ago was much higher than buying it at recent prices) does not look like a high possibility.
Key levels:
- Immediate support: 0.92 to 0.95 $ (REPIBILY FIBONACCI 78.6%)
- Solid support: $ 0.89 (May 2025)
- Immediate resistance: 1.20 to $ 1.21 (the old support transformed the resistance)
- Strong resistance: 1.28 to $ 1.30 (recent rejection zone)
OKB: The crypto exchange token is flexing the deflationary muscle
But if Fartcoin makes Degens Cry of Financial Pain, the impressive push of 13.5% OKB is screaming his holders of pure joy. Crypto Exchange Okx’s Token climbed up to $ 54.70 before a minor correction at its current price of $ 52.87, still enough for a price leap of 9.87% on the day.
OKX OKX token burner Deleted 42.4 million OKB Since traffic, representing 20% of the supply in circulation – a movement which generally creates immediate rarity and makes more prices as remaining tokens become more precious.
OKB’s RSI reading at 55.26 actually shows a flap neutral momentum rather than superventing conditions. This suggests that OKB has already given itself overcoming levels and is now in a healthier territory above 50, which generally indicates a bullish momentum when it is combined with a price higher than EMA key. However, it was probably a decision based on events, so traders will want to wait and see if the trend continues after everyone sold the news.
The ADX to 17 shows that the previous decrease trend loses steam. Combined with the rebound of occurrence, this suggests that a potential tendency inversion is underway, although the traders experienced with an eye for techniques await that Adx rises above 25 to confirm that a new upward trend is established.
Price action shows that OKB recovers Fibonacci’s retrace from 23.6% to $ 52.81 – These levels act as natural support and resistance based on largely monitored mathematical ratios. Break above this level with a volume suggests that buyers regain control. He also exceeded EMA 50, which confirms this thesis.
As always, however, it is impossible to say with certainty whether this decision is only a reaction to great news or to a natural correction which will maintain the momentum over time.
Key levels:
- Immediate support: $ 51.6 (EMA 50 days)
- Solid sustained: $ 49 – $ 50 (psychological level)
- Immediate and stronger resistance: $ 56 (can swing high)
Non-liability clause
The opinions and opinions expressed by the author are for information purposes only and do not constitute financial, investment or other advice.
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