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📊 VeChain Price Drops Below $0.027: Is the Bullish Pattern at Risk? VeChain has dipped below the $0.027 support level, risking the invalidation of the bullish inverse head-and-shoulders pattern. Will the trend reverse, or is a deeper breakdown on the horizon? While altcoins gain momentum following Ethereum’s move above $2,700, VeChain struggles to benefit from the broader market tailwinds. With an intraday pullback of nearly 1%, VeChain may fail to form a bullish pattern, reducing the chances of a strong recovery. 🔸 VeChain Price Analysis On the daily chart, VeChain has fallen below the 23.60% Fibonacci retracement level at $0.02729. This reflects a weekly decline of approximately 1.32%, limiting monthly gains to under 3%. The downward trend forms a falling channel, while the broader price structure still suggests a potential inverse head-and-shoulders pattern. The neckline aligns with the horizontal resistance at $0.03307, but the recent pullback increases the risk of pattern failure. Trading below the 23.60% Fibonacci level, a decisive daily close under this support could trigger a prolonged correction. Supporting the bearish outlook, the daily RSI has dropped below the midpoint, indicating a significant loss of bullish momentum. The immediate support for VeChain lies at the descending trendline, which is near the Supertrend indicator at $0.02572. If the price falls below this level, the trend could reverse toward the next support levels at $0.02471 and $0.02199. Conversely, a potential rebound within the falling channel could revive bullish hopes and increase the likelihood of completing the inverse head-and-shoulders pattern, with a possible retest of the neckline near $0.0307. 🔸 Derivatives Data Reveal Optimistic Bulls Facing Rising Liquidations As VeChain’s price declines, liquidations in the derivatives market have intensified, wiping out bullish positions. Over the past 24 hours, long liquidations totaled $81.59K, compared to just $4.05K in short liquidations. #VET #VeChain

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Honestly the failure rate of DAOs seems pretty low compared to literally every other organizational form.

In the morning, BTC rebounded and corrected after completing the short positions' pullback, with the highest point reaching 108200 before falling back under pressure. Currently, it has not formed an effective breakthrough, and in the short term, attention is on the continuation of long positions' volume. Ethereum, on the other hand, has shown a rhythm of catching up, strongly breaking through the 2780 mark during the day and continuing to rise. It is currently stabilizing above 2700 and showing a high-level consolidation pattern, with signs of a double bottom formation on the daily chart. Bitcoin's daily line continued the upper band of the Bollinger band range, and the middle track continued to form a bullish line of defense, and ushered in a rebound after the second step back in the morning to confirm the support, but the bullish volume was not significantly enhanced, and the short-term was still treated with the idea of more shocks. Ethereum continued to make up for the strong rhythm, breaking through the key resistance of 2750 during the day and then accelerating higher, the daily line showed a stepped upward pattern, and the upper space further opened to the psychological threshold of 2820 and 3000, which can be regarded as ushering in the opportunity to make up for the rise of Ether. Operate on the market and continue to maintain the idea of looking at the market. BTC can be bought at 108300-1078000, looking at around 110000. Ethereum can be bought at 2750-2770, looking for a long position at 2850 after a breakthrough aiming for 3000.#加密市场反弹#

RT @fx_hash_: Think of $FXH as the base currency of a new art economy. Just like ETH powers Ethereum, FXH powers art coins and open-form co…