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In the latest news, it can be seen that Crypto Market Cap (TOTALCAP) and Bitcoin (BTC) are looking for important horizontal support after experiencing a price drop. Meanwhile, Lido DAO (LDO) was rejected by the $3 resistance area and experienced a significant price drop.
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Nonetheless, a BitMEX executive stated that interest in cryptocurrencies is still high despite several Black Swan events such as the collapse of FTX. This suggests that while the crypto market can experience significant price fluctuations, interest in cryptocurrencies remains high and can persist in the long term. In the Shiba Inu Discord community, users claim that Shibarium has the same ID as the blockchain named Rinia. This shows that the crypto community is constantly looking for new innovations and developments to improve the crypto ecosystem.
In terms of Crypto Market Cap (TOTALCAP) and Bitcoin (BTC), the current price movement is crucial because the price is at an important horizontal support level. If the price can bounce off this level, then an uptrend in the price can occur, but if the price falls below the support level, then a price decline can occur. The price of Lido DAO (LDO) is also important to watch, as the current price trend is considered bearish and could fall to the nearest support level. However, if the price can regain its footing, then LDO could move towards the $3 resistance. Overall, the crypto market is still growing and showing signs of high interest despite significant price fluctuations. As an investor, it is important to always monitor the price movements and trends of the crypto market in order to be able to make informed decisions in investments.
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Warning!
This analysis is based on fundamental and technical views from reliable sources, and is not a suggestion or invitation. Always remember that this content aims to enrich the reader's information. Always use independent research first on other forex information to use as a reference in your trading. Get the latest news and articles from other GIC Indonesia, you can check on Google News every day to find out the latest updates about the world of forex to crypto. Also trade on GICTrade using an ECN account to enjoy trading with low spreads starting from zero!
