As Bitcoin stabilizes around the $102,500 mark, altcoins are experiencing a downturn. Market participants eagerly await the Federal Reserve's interest rate announcement, adding to the uncertainty in crypto values.
What are the Trends for Solana and Floki Coin?
Solana's performance has seen a 23% drop over the last eleven days. Following the waning interest in Trump Coin, the positive momentum has halted, and if the current trend continues, values may test the $218 and $203 support levels, with a potential decline to $183. For a recovery in Solana, closing above $242 will be crucial. The network's strong activity could stabilize the market, supported by meme coins linked to Trump.
How are Dogecoin and CEEK Coin Performing?
Dogecoin, the leading meme coin, is struggling to gain traction after the X Money initiative concluded. Twitter (X) has chosen not to support cryptocurrency payments, a move many market participants anticipated. However, discussions by Elon Musk on potential crypto integrations could spark renewed interest. Dogecoin is retreating from its critical support level of $0.33, trending toward $0.30 and possibly lower, while CEEK Coin remains around its November levels. A decline below $0.02898 could lead to a fall to $0.0244, marking a new all-time low. Brief market fluctuations might position it for gains between $0.03982 and $0.057.
Overall Trading Volume and Market Cap
In the last 24 hours, crypto trading volume dipped to $103 billion, while the total market capitalization stands at $3.47 trillion, indicating a period of cautious trading ahead.
Current trends in the crypto market show caution and uncertainty. As crucial news from the Federal Reserve is awaited, the market reacts to changes in key cryptocurrencies' behavior.
