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The price of Libra has fallen 77% to 15.9 billion, with 77% crashed to trade $ 0.01891 based on EST 11:30 AM over the last 24 hours.
The Libra was initially approved by Argentine President Javier Milei’s current deleted tweet and exploded after the listing. It began to help the country’s economy stimulates small businesses and supports funds.
But when it crashed, Milei withdrew its support. As a result, charges of X of the rugs pool have been raised.
Javier Milei just destroyed the Memecoin market.
A few hours ago, President Argentina Milei started Memecoin. LibraFor “growth of their economy.”
In five hours, more than $ 4.4 billion market cap is erased.
Is this the biggest rug in history?
(line) pic.twitter.com/t4t69r851d
-Kobeissi Letter (@kobeissiletter) February 15, 2025
The price of Libra is a crash after seeing extreme volatility and a sharp breakout.
Libra/USD emphasized extreme market volatility by experiencing dramatic prices and collapse in a short period of time. The price soared to $ 4.00 or more, which seemed to be a powerful purchase momentum and possible speculative transactions.
However, as the wave of liquidation quickly reversed its profits and led to an aggressive selling, the lifespan was short. The price plummeted and erased almost all the upward movements, and now it is about $ 0.1620, which is a major support.
Large liquidation causes sudden collapse
The price may have increased rapidly by traders who want to use optimistic escapes due to news events, liquidity injection or speculation interest.
However, as the price increases, excessive positions cause forced liquidation to make a cascade of sales pressure. Since purchasing orders are limited at a higher level, the price has risen almost quickly, reflecting the low -liquidity unstable market structure.
The current price has been stabilized for about $ 0.1620, and the session is $ 0.1562, indicating an important support area. This area is important for short -term prospects. If it is maintained, there may be a potential reversal, and the buyer wants to enter the level. However, if the support fails, the price can continue to fall as a new liquidity area.
LibraUSD Analysis Source: DEXTOOLS.IO
Despite a sharp decline, technical indicators suggest that recovery may be on the horizon. MACD is -0.5159 is -0.5159 and reflects continuous weakness. However, if the MACD line begins to grow up, it can show a trend reversal. More importantly
The relative robbery index (RSI) is 15.83, which is deep in the hyperpletation area. RSI of less than 30 suggests that assets can be undervalued and can be caused by rebounds. In other words, the trader can start purchasing by anticipating the price recovery.
What is the following?
Because of this volatility, price behavior is unpredictable, so the trader should pay attention. If you have a level of support of $ 0.16, the Libra/USD can see the bounce and potentially recover the key resistance level. However, if this level fails, more disadvantages can be moved, which can be lowered before finding a stable basis.
Traders should watch the signs of new purchasing pressure or the next major movement. Given the recent extreme price swings, Libra/USD is likely to be highly volatile in the short term.
Solana Layer-2 Presale exceeds $ 21 million-will the next encryption explode?
like The price of Libra continues to dump, and Solana Layer-2 Meme Coin Culture (SOLX) We continue to pump over $ 21 million Milestone of pre -sales.
The project came in the right time for the Solana network, and the Solana network is faced with high congestion as demand for SOL -based MEME coins increases. This has greatly strained the main net and puts layer 1 at risk of delayed and potential power outages.
The benefits of culture can actually shed tears in your eyes…$ solx Let’s hit! 🛸🪐 pic.twitter.com/yqijimnys9
-Culture Help Team Y (@solaxytoken_ht) February 7, 2025
Using Layer -2 Seedecain, the culture is tied up and tied up and then submitted to Solana’s hierarchy -1 for validation to alleviate this burden. This approach increases network efficiency, reduces transaction fees, and increases throughput, and places culture as a promising scaling solution of Solana.
The analyst at 99bitcoins, a popular Crypto YouTube channel with over 724K subscribers, predicts that 100X can increase when SOLX tokens are released.
Investors who want to compensate manual encryption can also join the pre -sale stage of toxins that provide an annual revenue of 196%.
SOLX is currently priced at $ 0.001636 and can be purchased as a Crypto or bank card through the purchase widget of the project website.
Those who want to secure SOLX tokens with the lowest pre -sales rate should have a price increase within one day, so it must work quickly.
Buy SOLX tokens here.
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