Bitcoin (BTC) Price Holds Above $40k Support
The price of Bitcoin (BTC) experienced a significant drop recently due to a massive sell-off in the market, with $300 million being liquidated. However, despite the drop, Bitcoin managed to remain above the crucial support level of $40,000. In order for Bitcoin to continue its price rally, it would need to rise and reach the resistance level at $44,000. However, this seems unlikely considering the latest meeting of the Federal Reserve.
Ethereum (ETH) Continues to Fall
Similar to Bitcoin, Ethereum (ETH) also suffered a sharp decline during the recent market sell-off. Its price fell from $2,350 to $2,150 and has continued to drop even as Bitcoin has started to recover. According to cryptocurrency trader and expert AlanSantana, the bearish trend for Ethereum is just beginning, and if it continues, the price could fall below $2,000.
Solana (SOL) Price Drops Below $70
Solana (SOL), known as the Ethereum killer, was not immune to the market sell-off either. Despite being one of the top-performing tokens of 2023, its price fell below $70 but remained above $65. Unlike Bitcoin and Ethereum, Solana is still showing gains on the weekly chart, although they have decreased. If the market condition worsens, the price could drop to the $60 support level, but in the case of a rebound, it could rise back to $70.
Pullix (PLX): The New Promising DeFi Token
While many cryptocurrencies experienced losses during the recent market sell-off, there is one promising new coin that is defying the bearish trend. That coin is Pullix (PLX), a presale token that is expected to rise 100x upon its launch in January. Pullix offers a unique approach to trading exchanges, combining the strengths of both centralized and decentralized exchanges. It also comes with features like copy trading, a lending protocol, and a yield optimizer. The PLX native token is currently in Stage 1 of its presale at $0.042 and is predicted to see a 580% rise before the presale concludes, followed by another 100x growth after it is listed on exchanges.
Hot Take: Pullix (PLX) Defies Bear Market and Offers High Potential
While Bitcoin, Ethereum, and Solana have experienced losses in the recent market sell-off, Pullix (PLX) has shown resilience and is expected to perform exceptionally well. The presale token is currently available for purchase at $0.042, with experts predicting a 100x rise upon its launch in January. By investing in PLX, you not only gain access to a unique hybrid exchange but also have the opportunity to benefit from other features such as copy trading, lending, and yield optimization. With high demand and potential for growth, Pullix is positioned as one of the best cryptocurrency investments.
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