Bitcoin $111,313.82 At the time of preparing the price of the price, he reclaimed 111 thousand dollars, but under the support of 112,500 dollars. As the weekend, the volumes have weakened and we see that volatility is reduced. For crypto currency investors, this is a standard situation on weekends. So what requirement is Martinez’s $ 7 Pendle price target?
Bitcoin and Ethereum
Michael Poppe shared the market assessment for Sunday and discussed the current situation of BTC. The analyst expressing his satisfaction from making a new high bottom of the BTC price is waiting for the start of the rise. When we begin to see higher bottoms, the intermediate trend is assumed to return to its rise again.
“This is actually promising for BTC. It creates a new high bottom and maintains support of $ 110,000. It would be great if we could exceed $ 112,000 and start the bull run.”
The common problem for ETH and BTC is that ETF flows have returned to negative. Moreover, the outlets for Ether climbed over $ 400 million. This is not a good signal because investors continued their ETH entrances last month, even in the fall, ETH reserve companies’ explanations fed the risk appetite. Crypto Tony talked about possible support levels for ETH in his latest assessment.
“We will turn the $ 4350 into support and rise, or we will consolidate and decrease to $ 4000-3900.”
ETH is trying to protect $ 4,300 at the time of the article. In the ETHBTC parity, the level of 0.039 was lost. At this stage, the ETH ETF flow will be closely monitored and the extent to which reserve companies follow the decline will be examined.
Pendle Coin
With the price found at $ 4.66 Pendle Coin It ranks 92nd among the 100 largest crypto currencies. The return protocol, which focuses on the tokens and income provision in the defi field, gained a good place especially in the field of defi, especially after FTX. The FTX exchange defraudes its customers aroused a great impact in the global media. This is especially the new investors to the crypto Defi it tends to make more entrances over it.
Pendle It is not an inflationary since it has completed the important part of the key openings in 3 years. The market value is over $ 1.1 billion and can remain relatively strong despite the lack of liquidity in subcoins.
Ali Martinez, who shares the above graph, thinks that if the support of $ 4.4 can be recovered, the movement can continue for $ 7 in the channel. As the key is already taken back, the rise can be accelerated.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.