Cena SKR base.ethSKR

$SKR Rising Wedge. Be cautious.

$SKR / USDT Bullish breakout from consolidation with strong momentum. Trend intact above support. • Entry Zone: 0.0255 – 0.0260 • TP1: 0.0275 • TP2: 0.0290 • TP3: 0.0310 • Stop-Loss: 0.0244 Hold support, continuation in play.

$SKR this is going to be surprise every long term holder

The cryptocurrency market is experiencing significant downward pressure today, characterized by a broad sell-off across major assets. The global crypto market capitalization stands at approximately **$2.3–2.4 trillion**, reflecting a decline of around 3–6% over the past 24 hours (with some sources reporting up to -8% in intraday swings). Trading volume remains elevated at roughly $310–360 billion, indicating heightened activity amid volatility. **Key Highlights:** - **Bitcoin (BTC)**: Trading in the $65,000–$67,000 range (with intraday lows dipping toward $60,000–$61,000 before partial recoveries). BTC is down approximately 3–7% in the last 24 hours, maintaining dominance around 56–58%. The asset has faced intense selling pressure, with volatility nearing historic highs reminiscent of past bear phases. Bulls are defending key support levels near $66,000, but sentiment remains cautious. - **Ethereum (ETH)**: Hovering around $1,900–$1,950, down 6–10% over the past day. It has slipped below key psychological levels, contributing to broader altcoin weakness. - **Other Majors**: Assets like BNB, XRP$XRP , and Solana show similar declines (4–12%), with many altcoins and sectors (e.g., DeFi, Layer-1/2, AI, memes) experiencing double-digit losses in some cases. - **Market Sentiment**: The **Fear & Greed Index** is in **Extreme Fear** territory (around 9–12), signaling oversold conditions and heightened investor caution. Liquidations have exceeded $1–2.6 billion in recent sessions, exacerbating the downturn. Factors include macroeconomic pressures (e.g., rising yields, policy uncertainties), institutional outflows, and reduced confidence in crypto as a "safe haven" amid broader risk-asset weakness. **MicroStrategy (MSTR)**: The Bitcoin-heavy company's stock has been hit hard, trading around $107–$115 (down significantly, with reports of -17%+ in recent sessions and nearing 52-week lows). This reflects its high correlation to BTC's price action and amplified volatility due to leverage. **Regarding Mentioned Terms/Tickers**: - **BIRB**: Appears tied to Moonbirds (BIRB), a meme/NFT-related token showing strong relative performance today (up ~30–40% in some trackers), bucking the broader trend as a gainer. - **SKR**: Likely Seeker (SKR$SKR ), another outperformer with notable gains (~30%+). - **HYPE**: Refers to Hyperliquid (HYPE$HYPE ), a trending token in recent highlights. - Other terms like **GWEI**, **FOGO**, **ROLL**, **MAUS** do not show prominent market activity or updates in current sources (possibly niche, low-cap, or non-mainstream tokens/memes with limited visibility today). Overall, the market shows signs of a healthy (if painful) pullback rather than outright panic in some analyses, with potential for bounces if supports hold. However, extreme fear dominates, and traders are advised to monitor upcoming economic data (e.g., jobs reports) and policy developments for triggers. This is not financial advice—crypto markets remain highly volatile. Stay informed and trade responsibly.