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Coin98 Falls, Galxe Rises, and What’s Next for Sui and Arbitrum

CoineditionCoinedition2024/07/19 18:55
By:Maxwell Mutuma
  • Coin98’s recent drop tests support at $0.1650 with resistance at $0.1736 crucial for a trend reversal.
  • Galxe’s 57% surge suggests bullish momentum if it breaks $4.50 resistance, while $3.50 support is key.
  • Worldcoin’s decline to $2.59 highlights $2.50 support’s importance, with $2.90 resistance signaling potential reversal.

Crypto markets experienced mixed results in the past 24 hours, with several notable tokens showing significant shifts, including Coin98 ($C98), Galxe ($GAL), Worldcoin ($WLD), Pendle ($PENDLE), Sui ($SUI), and Arbitrum ($ARB). 

Coin98 ($C98) is currently trading at $0.1676 , reflecting a 3.49% drop. This decrease follows a recent peak of $0.1736, highlighting a downtrend with decreasing trading volume. The market cap stands at $132.7 million, down 3.53%, suggesting a decline in market valuation. The key support level is at $0.1650, which has been crucial in recent consolidations. Should the price fall below this, the next support level lies at $0.1600. Resistance is noted at $0.1736 and $0.1800, with a break above these levels potentially reversing the downtrend.

The key support level is at $0.1650, which has been crucial in recent consolidations. Should the price fall below this, the next support is at $0.1600. Resistance is noted at $0.1736 and $0.1800, with a break above these levels possibly reversing the downtrend.

Galxe ($GAL), on the other hand, has surged, trading at $4.00 with a substantial 57.03% increase in the last 24 hours. This price movement follows a period of volatility and increased trading volume, which has risen by 159.66%. The market cap has soared to $474.1 million, reflecting robust investor interest. Breaking through the $4.50 resistance level could signal a continued uptrend, while a drop below the $3.50 support level may indicate a bearish phase.

Worldcoin ($WLD) is experiencing a decline, trading at $2.59 , marking a 7.56% decrease. The market cap has decreased by 7.11%, and trading volume has fallen significantly by 50.82%. The price trend has seen notable fluctuations, with key support at $2.50 and a stronger level at $2.30. A break below $2.50 could lead to further declines, whereas a rise above $2.90 might signal a potential reversal of the downtrend.

Pendle ($PENDLE) is trading at $4.57 , down 1.52% in the last 24 hours. The market cap stands at $712,893,087 with a trading volume of $52,545,769. The current downward trend suggests that testing the $4.50 support level is imminent, with potential fluctuations between $4.35 and $4.75.

Sui ($SUI) is trading at $0.8109 , showing a 3.77% decrease. The market cap is substantial at $2,037,062,920, with a 24-hour volume of $143,350,209. The price trend has declined from a peak of $0.85, with support at $0.80 and a lower support level at $0.78. 

Arbitrum ($ARB) is trading a t $0.7324 , reflecting a 2.70% decline. The market cap is $2,445,773,678, and the trading volume is $215,588,556. The price trend shows a decline from $0.77, with support at $0.72 and a stronger level at $0.70. The price trend indicates a possible range-bound trading pattern, with the price currently testing the $0.72 support level.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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