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A lot of you have been asking what’s going on — so here’s a quick breakdown. The crypto market is down just over 2% in the last 24 hours and nearly 8% over the past month. The pullback comes from a mix of global uncertainty, altcoin saturation, and declining leverage across major exchanges.
🔍 Key Factors Behind Today’s Weakness
1. Global Economic Pressure (Fed’s Tone) Recent comments from the Federal Reserve have made investors cautious. Whenever the Fed signals a more aggressive stance, traders step back from risk assets — and crypto usually reacts first. Because crypto still moves closely with the Nasdaq 100, any delay or doubt about rate cuts quickly triggers selling pressure.
2. Altcoin Overload The market is flooded with new tokens, spreading liquidity too thin. With capital divided across too many projects, major coins are struggling to hold momentum — dragging the broader market down.
3. Drop in Leverage Activity Leverage levels on major exchanges have dropped sharply. With fewer aggressive traders pushing price swings, upward momentum fades faster, and dips become more pronounced.
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📅 Looking Ahead: All eyes are now on the Nov 13 Fed meeting, which could set the tone for the next big market trend.
$DOGE is still holding that mid-range support and showing early signs of a rebound. As long as price stays above the demand floor, a push toward the mid-box and then the upper range is on the table.
Watching for a clean reclaim of the dotted resistance to confirm momentum.
$ETH ran straight into the $3,250 level, tagged the next upside target, and has pulled back to trade around $3,100.
The bounce off the $2,100–$2,600 demand zone played out perfectly, and the larger bullish structure is still holding strong. As long as price stays above $3,000, the trend favors another leg up.
If momentum continues, the next resistance levels to watch are $3,350, $3,500, and $3,800.
For now, I’m focused on how $ETH behaves around $3,000 — a steady consolidation here would set the stage for another solid push higher.