#Can AI memecoin ACT catch up to GOAT in market cap?

Good morning, coin friends! As of Wednesday, November 13, 2024, the cryptocurrency market is experiencing significant fluctuations. Overnight, the three major U.S. stock indexes saw declines, with the Dow dropping 0.86% and the S&P 500 and Nasdaq following suit. Despite some large-cap tech stocks like Nvidia and Netflix showing gains, the overall sentiment remains cautious.

Bitcoin has temporarily dipped to $89,970.2, sparking concerns among investors about whether it has reached its peak. This volatility often precedes crucial market levels, resulting in sharp corrections that can shake out weaker hands. BTC’s performance this afternoon, opening above $90,000 but failing to maintain that level, highlights the importance of monitoring key support around $85,150 and resistance at $90,070.

Ethereum (ETH) is also struggling, oscillating between $3,210 and $3,450, indicating a pullback phase. Traders should watch for critical thresholds that could signal future movements, ensuring they remain vigilant in this dynamic market landscape.