2025-08-18 01:49:36

#Gate Blue Challenge

The crypto market is facing strong headwinds, as Fartcoin (FARTCOIN), Virtuals Protocol (VIRTUAL), and Celestia (TIA) have experienced double-digit losses, triggered by the US July PPI data coming in higher than expected, resulting in over $1 billion in liquidations.
FARTCOIN: After a 12% decline on Thursday, it rose slightly by 2% on Friday, remaining above the 200-day exponential moving average, with a price of $0.9656. A breakout above $1.00 could trigger a rebound, but there is a risk of further decline if it falls below the support level.
Virtual: Dropped over 13% on Thursday, now facing the risk of a death cross as the 50-day and 200-day exponential moving averages converge. The support at $1.12 remains crucial, while a return to $1.45 requires confirmation of strength.
TIA: After a nearly 13% drop, it rebounded by 2%. It faces resistance near the 100-day EMA, with $1.310 being a key downside support. If it can decisively break through $2.07, it may reignite the upward trend.
Overall, market sentiment remains cautious. The expectation of a Federal Reserve rate cut has reached 94%, with political calls for further rate cuts; the next steps may strengthen the recovery or prolong the bear market fluctuations in the crypto market.
#FARTCOIN Virtual #TIA July PPI #Crypto Market

BLUE-7,22%

FARTCOIN0,54%

VIRTUAL1,6%

TIA0,1%

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