$NEAR is currently around 5.1, up 4.57% over the past 24 hours. However, it rose too sharply earlier and is now in a volatile consolidation phase at elevated levels, with short sellers taking profits.
$FIL is currently around 1.17. After a rally fueled by positive news, it is now absorbing selling pressure at higher levels, having met resistance and pulled back near 1.27. There is, however, a long-term factor to watch: the six-year lock-up period is set to end around October 15, and annual issuance may fall from about 89 million tokens to around 22 million, significantly easing supply pressure.
The macro picture is unsettled: risk aversion triggered by a sharp plunge in South Korean stocks has spread directly to crypto markets, with liquidations totaling as much as $813 million over the past 24 hours and aggressive deleveraging underway. The market is waiting for U.S. inflation data; if inflation rebounds more than expected, volatility will only intensify.
For now, it may be best to watch more and trade less. Keep a close eye on support around BTC 83,000; a break below it could leave room for further downside. Avoid chasing coins that have already posted large recent gains.
#NEAR #FIL #BTC
$FIL is currently around 1.17. After a rally fueled by positive news, it is now absorbing selling pressure at higher levels, having met resistance and pulled back near 1.27. There is, however, a long-term factor to watch: the six-year lock-up period is set to end around October 15, and annual issuance may fall from about 89 million tokens to around 22 million, significantly easing supply pressure.
The macro picture is unsettled: risk aversion triggered by a sharp plunge in South Korean stocks has spread directly to crypto markets, with liquidations totaling as much as $813 million over the past 24 hours and aggressive deleveraging underway. The market is waiting for U.S. inflation data; if inflation rebounds more than expected, volatility will only intensify.
For now, it may be best to watch more and trade less. Keep a close eye on support around BTC 83,000; a break below it could leave room for further downside. Avoid chasing coins that have already posted large recent gains.
#NEAR #FIL #BTC