Crypto Market faces strong headwinds as Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), and Celestia (TIA) post double-digit losses, with over $1B liquidations triggered by higher-than-expected US July PPI data. FARTCOIN: After dropping 12% on Thursday, it edges 2% higher on Friday, still holding above the 200-day EMA at $0.9656. A push above $1.00 could trigger recovery, but a drop below support risks a deeper decline. VIRTUAL: Down more than 13% on Thursday, it now risks a death cross as the 50- and 200-day EMAs converge. Support at $1.12 remains critical, while reclaiming $1.45 is needed to confirm strength. TIA: Fell nearly 13% before bouncing 2%. It faces pressure near the 100-day EMA, with $1.310 as key downside support. A decisive move above $2.07 could reignite the uptrend. Overall, sentiment remains cautious. With Fed rate-cut expectations at 94% and political calls for deeper cuts, the next move could either strengthen recovery or extend the bearish wave across crypto markets. #FARTCOIN VIRTUAL #TIA JulyPPI #CryptoMarket King #Gate July Transparency Report
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Crypto Market faces strong headwinds as Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), and Celestia (TIA) post double-digit losses, with over $1B liquidations triggered by higher-than-expected US July PPI data.
FARTCOIN: After dropping 12% on Thursday, it edges 2% higher on Friday, still holding above the 200-day EMA at $0.9656. A push above $1.00 could trigger recovery, but a drop below support risks a deeper decline.
VIRTUAL: Down more than 13% on Thursday, it now risks a death cross as the 50- and 200-day EMAs converge. Support at $1.12 remains critical, while reclaiming $1.45 is needed to confirm strength.
TIA: Fell nearly 13% before bouncing 2%. It faces pressure near the 100-day EMA, with $1.310 as key downside support. A decisive move above $2.07 could reignite the uptrend.
Overall, sentiment remains cautious. With Fed rate-cut expectations at 94% and political calls for deeper cuts, the next move could either strengthen recovery or extend the bearish wave across crypto markets.
#FARTCOIN VIRTUAL #TIA JulyPPI #CryptoMarket
King #Gate July Transparency Report