Focused on AI close to the Token collapsed 5% on Friday despite the launch of the exchanged product close to Bitwise (ETP).
The mass sale is produced for a day off for cryptocurrencies, with Bitcoin also raising its proof of a new record.
The launch of the ETP almost in Bitwise bets marks a significant milestone for the institutional adoption of the protocol, which allows regulated investors to obtain exposure to Near betting rewards through a traditional investment vehicle.
Technical analysis
- Nearby has experienced a substantial decrease of $ 0.124 (5.42%) During the 24 -hour period from July 3 from 3:00 p.m. July 4:00 p.m., with a price that falls from $ 2,294 to $ 2,170.
- The asset established a clear resistance zone around $ 2,290- $ 2,298 with multiple rejections, while broken the key support of $ 2,220 in heavy volume (2.7m) During the 04:00 hours.
- The bearish impulse intensified with an increase in volume at 2.83ma at 07:00 when the price reached its lowest point to $ 2,172, forming a double potential fund with the minimum of $ 2,167 of the wave 13:00, which suggests a possible stabilization despite the general negative tendency.
- During the last 60 minutes of July 4, 13:06 to 14:05, it almost experienced significant volatility with a net decrease of $ 0.018 (0.82%)falling from $ 2,192 to $ 2,170.
- The asset established a clear resistance to $ 2,177 with multiple rejections, while showing a notable sales pressure to 13: 37-13: 39 when the price collapsed from $ 2,174 to $ 2,169 in heavy volume (119K).
- There was a brief attempt at recovery at 13:53 with a peak of $ 2,175 in a substantial volume (77K)But the impulse could not sustain, and the price was finally resolved in a consolidation pattern between $ 2,169- $ 2,171 in the final minutes of the period.
The CD20 index is 2% as the bearish moment accelerates
The CD20 index experienced a significant downward pressure in the last 24 hours of July 3 from 5:00 p.m. to 4:00 a.m., falling from $ 1,788.41 to $ 1,756.06, which represents a decrease of $ 32.35 or 1.81%.
The general negotiation range during this period was $ 45.74 (2.56%)With the peak of $ 1,801.60 on July 3, 21:00 followed by a constant sales pressure that intensified after 13:00 on July 4, when prices fell sharply at almost $ 15 in one hour.
