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COINTURK NEWS > Technical Analysis > Market Trends Unfold as Cryptocurrency Prices Fluctuate
Technical Analysis

Market Trends Unfold as Cryptocurrency Prices Fluctuate

In Brief

  • Liquidity issues led to significant losses in cryptocurrency markets.

  • Altcoins like DOGE and FLOKI face tough market conditions.

  • ADA Coin investors hope for recovery amidst ongoing market discussions.

Fatih Uçar
Fatih Uçar 4 months ago
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We are witnessing one of the rare liquidation waves in history, where liquidity has been thoroughly eradicated. Even low-leverage positions in futures trading have triggered liquidations, resulting in losses exceeding 30%. As of the time this article was prepared, Bitcoin (BTC) $104,652 is hovering around $99,200. Following his impactful market move, Trump has initiated more moderate steps.

Contents
The State of Dogecoin (DOGE) and FLOKIADA Coin Predictions

The State of Dogecoin (DOGE) and FLOKI

The stagnant altcoins have yet to embark on the desired profit journey since mid-December. Worse still, we have witnessed cryptocurrencies falling below their lows from the previous year. Although the pressure on cryptocurrencies may ease, the risk of a global trade crisis has caused a decline in assets outside of gold.

The $0.27 mark is seen as a point that might be tested during excessive sell-offs, as DOGE bulls managed to maintain the $0.30 level despite several adversities. However, with the recent sell-offs, $0.20 was tested, marking a return to the point that accelerated the price rally for the first time in 85 days. Fortunately, support regained ground today with BTC’s rise, keeping $0.27 intact. The next targets are $0.30 and $0.33.

FLOKI Coin has not fallen to these levels for 339 days. The price retracement to last year’s acceleration point has significantly felt excessive selling. The issue is that prior to the drop on February 3, it underwent three different selling phases. The sales initiated by Trump’s meme coins, DeepSeek sales, and the new customs tax announcements have taken a toll on the markets, leading to intensified reactions with the opening of Asian markets.

ADA Coin Predictions

The drop to $0.512 has been painful for ADA Coin investors who bought around $1. This level was where momentum picked up in the other two previous instances, and the crucial $0.77 support has also been reclaimed. Now, all eyes are on the good news that might arise from ongoing customs duty discussions.

ADA Coin aims to test $1 and $1.15 in an optimistic scenario.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Fatih Uçar 3 February, 2025 - 9:55 pm 3 February, 2025 - 9:55 pm
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