Focused on AI close to Token stopped its 10% concentration on Thursday when merchants began to take profits from a demonstration that was stimulated by Bitwise’s announcement that it is launching an almost exchanged commercial product. (ETP) In Germany.
“The almost rethinking ETP in Xetra opens a new bridge to institutions by providing a regulated and quoted form in exchange of obtaining rewards,” said Illia Poosukhin to Coindesk. “Investors obtain compatible access to the nearby ecosystem and the property of users without the need to handle private keys or node operations, and with total price transparency.”
The Token has now established a key support level at $ 2.26, since it seems to consolidate before continuing with the rise.
Technical analysis
- About strong established support at $ 2.26 with a volume higher than the average during the 24 -hour period of July 2 from 4:00 p.m. July 15:00.
- The price exceeded the resistance level of $ 2.30 in the early hours of July 3, reaching a new maximum of $ 2.36 during 08:00 hours with a substantial volume confirmation.
- The Fibonacci recoil level of 23.6% provided support during the profit taking, suggesting that the underlying bullish trend remains intact.
- During the 60-minute period, from July 3, 14:50 to 15:49, nearby experienced a strong liquidation at 15: 04-15: 07, where the volume increased to more than 310,000 units.
- A new support zone has been established between $ 2.26 and $ 2.27, with the closing price of $ 2.26 suggesting a continuous bearish pressure in the short term.
COINDESK 20 SUPPES 2% before the sale of the late session
In the last 24 hours from July 3 from 3:00 p.m. July 4:00 p.m., CD20 exhibited significant volatility with a general range of $ 37.27 (2.11%)reaching a peak of $ 1,811.11 during the 2:00 p.m. on July 3 before tracing at $ 1,791.50 per session.
The asset demonstrated a notable strength during the average session rally, winning more than $ 21 (1.18%) Since its minimum during the night of $ 1,778,85, with a particularly aggressive purchase impulse observed during 09:00 and 13:00 hours that suggests institutional accumulation despite the taking of earnings of the late session.
