Crypto Market Faces Key Resistance Levels
The crypto market as a whole has shown encouraging signs in recent days. Total market capitalization (TOTAL) has gained nearly $40 billion over the last 24 hours, approaching the key resistance level of $4.01 trillion. This zone represents a major obstacle to more significant short-term growth.
However, if overall market sentiment remains positive, TOTAL could manage to break through this threshold. Such a scenario would significantly strengthen investor optimism and give new momentum to the bullish trend. In this case, the next logical target would be around $4.05 trillion.
In summary, the crypto market will largely depend on Bitcoin’s ability to break through its resistance at $117,500.
Bitcoin Faces Crucial Test
Indeed, Bitcoin’s price is currently hovering around $117,000, firmly maintaining its anchor above the support level of $115,000. However, the king of cryptocurrencies faces immediate resistance at $117,261, a crucial level that must be overcome for the current bullish trend to continue in the short term.
BTC is confronting a major POC at $117,146 and the last crucial resistance zone up to $119,000. Once this threshold is crossed, BTC’s next targets are at $128,000 and $137,000.
MYX Finance and Toshi : Altcoins Exploding in Value
Among the leading cryptocurrencies, MYX Finance stands out with a remarkable performance of 12% over the last 24 hours. The altcoin, priced at $11.81, is now attempting to consolidate $11.52 as a crucial support level.
Base’s memecoin Toshi also shined today with a 77% surge in just a few hours.
In conclusion, the cryptocurrency market seems to be regaining momentum, driven by Bitcoin’s solid performance and the remarkable performance of certain altcoins like MYX Finance and Toshi. It remains to be seen whether this bullish momentum can be maintained in the coming weeks as the sector continues to face key challenges.
Should You Buy Crypto Toshi ?
Toshi (TOSHI), the star memecoin of the Base blockchain, shows a staggering increase of 77% in 24 hours, attracting investors with its explosive potential. Should you invest now?
For now, waiting for a drop and buying at the support level of $0.00073 remains the best choice for savvy investors. Here’s how to buy Toshi in case of a correction :
- Create your account : Sign up on Zoomex with an email address and complete KYC verification for optimal security (optional for small withdrawals).
- Fund your account : Deposit funds via credit card, SEPA transfer, or cryptocurrencies like USDT or ETH. Zoomex accepts deposits starting from $5.
- Search for TOSHI/USDT : Access the Spot section, find the TOSHI/USDT pair, and check the charts to analyze trends.
- Place your order : Choose a market order for immediate purchase or a limit order to target a specific price, adapted to your strategy.
