The cryptocurrency market plunged by over 1,000,000,000 USD in liquidations, with notable downturns for Fartcoin, Virtuals Protocol, and Celestia. Fartcoin recovered slightly by 2%, while Virtuals Protocol fell over 13%, increasing concerns of a death cross. Celestia also experienced close to a 13% decrease.
Fartcoin holds above the 200-day EMA at 0.9656 USD but faces risks of further declines. Virtuals Protocol struggles under the 200-day EMA, and TIA, after a bearish engulfing pattern, could test the 1.310 USD support level. Various indicators reflect bearish sentiment influencing price movements.
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