Bitcoin Cash (BCH) price plummeting as demand wanes
Recently, we witnessed a solid recovery in the price of Bitcoin Cash (BCH) relative to the US dollar above $1800. The price of Bitcoin Cash (BCH) fluctuated above the $2000 mark but struggled to sustain the $2100 mark. At $2130, it reached its peak and a downward decline began immediately. The latest wave from the $1349 low to the $2131 high's 23.6% Fib retracement level was broken during the negative movement. A crucial bullish trend line with support around $1950 was broken on the hourly Bitcoin Cash (BCH)/USD chart, which is more significant. The pair plummeted, even breaking the $1800 level of support and the 100-hour simple moving average. Thus, more losses below $1800 are now possible. The last wave from the low of $1349 to the high of $2131 is currently performing as a support, and its 50% Fib retracement level is doing the same. Additional losses toward the $1500 level may occur should the $1700 support level be broken.
Fetch.ai (FET) may soon deviate from its short-term pattern after failing to overcome a significant resistance area. Fetch.ai (FET) has risen since September 21. On November 10, the price reached a high of $1.02. However, the token was rejected by the $0.96 resistance region the same day since it was unable to maintain its upward movement. Due to selling pressure, this resulted in a long upper wick, which is regarded as a bearish sign. The $0.96 area is crucial since it serves as both a horizontal resistance zone and the 0.618 Fib retracement resistance level. It also functions as the all-time high resistance when using closing prices. Technical indicators are unable to predict if Fetch.ai (FET) will break out or start descending again in the near future. Since Fetch.ai (FET) is uncertain, some investors believe it is best not to invest in Fetch.ai (FET).
Since its initial market debut, Snowfall Protocol (SNW) has seen significant price increases. Snowfall Protocol (SNW) team has extensive experience in the cryptocurrency sector, which guarantees a more favorable picture for the future. The popularity of Snowfall Protocol (SNW)has illustrated the value of having a clearly defined strategy in the cryptocurrency sector. To provide users with a new platform for expanding their investments, Snowfall Protocol (SNW) set out to develop a system that addresses users' interoperability issues. New investors are drawn to Snowfall Protocol (SNW) every day because of its extensive feature set. A popular choice for transferring tokens between different chains, Snowfall Protocol (SNW), enables cross-chain swaps between projects that are EVM and non-EVM compatible. The most recent presale for Snowfall Protocol (SNW) native token made enormous waves in the cryptocurrency community (SNW). The second phase of Snowfall Protocol (SNW) presale campaign saw the sale of over 100 million tokens, and the third round is anticipated to see a bigger exchange of hands. Due to the rising performance of Snowfall Protocol (SNW), many experts believe that it is a better buy compared to Bitcoin Cash (BCH) and Fetch.ai (FET).
Snowfall Protocol (SNW) rapid price growth has been particularly impressive when compared to competitors like Bitcoin Cash (BCH) and Fetch.ai (FET). Bitcoin Cash (BCH) has seen its price drop over the past few months, but Snowfall Protocol’s growth has outpaced it. Similarly, Fetch.ai (FET) has seen its price decrease rapidly over the past few months, but Snowfall Protocol’s growth has been more impressive. It’s clear that Snowfall Protocol (SNW) is becoming a major player in the cryptocurrency market and defeating other platforms like Bitcoin Cash (BCH) and Fetch.ai (FET). With its innovative features, rapid price growth, and strong team, it’s no surprise that investors are taking notice. If you’re looking for crypto to invest in, Snowfall Protocol (SNW) should definitely be on your radar.
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