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Cryptocurrency markets remain dynamic, with notable fluctuations observed in Toncoin (TON), Notcoin (NOT), XRP, Blur (BLUR), and DOGS. These price movements present potential trading opportunities and warrant close attention from investors.
Toncoin (TON)
As per Coinmarketcap data at press time, Toncoin (TON) is priced at $5.19, reflecting a 2.62% decrease over the last day. The downward trend is evident from its recent peak of approximately $5.33.
The chart displays a consistent pattern of lower highs and lower lows, suggesting ongoing selling pressure. The immediate support level is at $5.10, a point where the price might stabilize temporarily if it continues to decline.
A further drop could bring the price to $5.00, a psychologically significant round number that may also act as support. On the other hand, resistance is observed at $5.33, the previous high before the decline.
Read also: Toncoin (TON) Price Prediction 2024-2030: Will TON Price Hit $20 Soon?
If the price rebounds, this level might offer significant resistance. Further resistance may be expected in the vicinity of $5.35 to $5.40, which can be retraced if the bullish pressure continues.
NOTCOIN (NOT)
Turning to Notcoin (NOT), it has shown a slight increase of 1.57% in the last 24 hours, with its price at $0.008379. The market cap stands around $858.67 million, with a notable 37.82% increase in trading volume.
Read also: Notcoin (NOT) Price Prediction 2024-2030: Will NOT Reach $0.05 Soon?
The chart indicates a recovery from a recent low of $0.0079 to its current level. Support is initially observed at $0.0082, a point where the price previously found stability. A more robust support could be around $0.0080, where the price had bounced back previously. Resistance is currently at $0.0084, with further resistance likely at $0.0085.
XRP
XRP’s price is presently at $0.5551, marking a 0.43% decline over the past day. The price pattern shows volatility with alternating bullish and bearish movements. Despite a recent attempt to rise above $0.558, XRP faced resistance and has retraced to its current level.
The nearest support level is at $0.553, which has repeatedly held against declines. Resistance remains at $0.558; breaking this could signal further bullish momentum, while a rejection might lead to consolidation or further declines. The 24-hour trading volume has surged by 77.51%, reflecting increased market interest.
Blur (BLUR)
Blur (BLUR) is trading at $0.15, down 1.58% over the past day. The chart reveals volatility, with the price initially rising to $0.155 before declining to its current level. Support is observed around $0.148, a level that has provided a floor against further declines.
The nearest resistance is at $0.155, where the price has struggled to break through. A successful breach of this resistance could lead to further upward movement. Additionally, the trading volume has increased by 81.14%, indicating heightened market activity.
DOGS
DOGS has a price of $0.001104, experiencing an 11.10% decline in the last 24 hours. The price trend demonstrates a declining pattern starting from approximately $0.001241 with a very small bounce back afterwards.The key support level is at $0.00110, which has provided some stability. If this level fails, further declines might ensue.
Resistance is at $0.00115 where the price has experienced systematic selling pressure. A breach above this level may be an indication of a reversal of the downtrend. For instance, the current volume has risen by 33.44%, implying growing investor engagement despite the price decrease.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.