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As Bitcoin (BTC) encounters resistance at the EMA55, Ethereum (ETH) finds itself locked in a struggle to maintain its position above $2,858. However, amidst these challenges in the crypto market, <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> emerges as a beacon of excitement and opportunity with its enticing $20,000 competition offer. While the giants grapple with their respective hurdles, Furrever Token shines brightly, captivating investors and enthusiasts alike with its promising rewards and engaging community initiatives.
Bitcoin (BTC) Denied Passage from EMA55
The leading cryptocurrency Bitcoin (BTC), with a market value of $1.196 trillion, has been attempting to break through the EMA55 resistance for days but has so far been unsuccessful. Bitcoin (BTC) has consistently encountered selling pressure each time it approaches EMA55, and yesterday, once again, it attempted to break above EMA55 but failed, closing the day down by 3.61% at $60,799. Bitcoin (BTC) is currently trading at $60,773, experiencing a sideways movement.
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Bitcoin (BTC) Chart Analysis
Although it broke the downtrend, Bitcoin (BTC) failed to surpass the EMA55 resistance and has re-entered the trend. The leading cryptocurrency tested the EMA55 resistance once again recently and is currently trading at $60,773. Analyzing Bitcoin (BTC)'s daily chart, we observe that it is trading below the descending trendline again following yesterday's decline and is approaching the EMA100 support. Short-term support levels for Bitcoin (BTC) are the EMA100 at $60,292 and the $60k level. In case of a price rebound, the most critical resistance for Bitcoin (BTC) is the EMA55 at $63,289.
Ethereum (ETH) Struggling to Stay Above $2,858
Ethereum (ETH), the second-largest cryptocurrency with a market value of $348.33 billion, surged above $4,000 in March but has since experienced a downturn, with selling pressure still prevailing. Ethereum (ETH) is currently trading at $2,899.8, down by 0.33%.
<img src="https://lh7-us.googleusercontent.com/Am10GJAa92hDxhFxZVMq7QrXzGS22k0KRMdOdJpc_dwZwkELZbDTTUFVspFnbPdN4lyZixiclLDGtBQdkWJsV_Mv_DxcvFOXOH94LpOKKdk28aV6DFIE6cHfcqX9UZwduMHjBOyjLskpTvQZXwHP3A" width="604" height="326" style="display: block; margin-left: auto; margin-right: auto;">
Ethereum (ETH) Chart Analysis
Failing to successfully test and surpass the EMA55 resistance earlier this week, Ethereum (ETH) reversed its direction and continues to face selling pressure. Ethereum (ETH) is currently trading at $2,899.8, and analyzing its chart, we see that it is still moving downward under selling pressure below the EMA5. If the selling pressure persists, the short-term initial support levels for Ethereum (ETH) are at $2,858 and the EMA200 at $2,788.7. If Ethereum (ETH) moves upward, the short-term resistance levels are the EMA5, EMA21, EMA100, and EMA55, at $2,961.4, $3,075.1, $3,083.3, and $3,167.9 respectively.
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Furrever Token (FURR) Shines Bright with $20,000 Competition Offer
Furrever Token, the charming newcomer in the cryptocurrency realm, is making waves, potentially overshadowing established giants like Ethereum and Solana. With a current price of $0.000648, FURR exhibits a consistent upward trend, capturing significant attention since its successful pre-sale, which amassed over $1.125 million in just two months. Excitement brews as the project gears up for its highly anticipated launch on the decentralized exchange (DEX) PancakeSwap, promising an exhilarating journey ahead.
Adding an extra layer of excitement to its growing community, Furrever Token recently announced a thrilling competition with a $20,000 prize pool up for grabs. Spanning 18 days from May 9 to May 27, 2024, this event is poised to captivate both participants and spectators alike. The rules are straightforward yet enticing: participants must accumulate the highest total purchase amount ($) during the competition period to secure a spot among the top 10 buyers.
Generous rewards await, with the first-place winner taking home an impressive $5,000, followed by $4,000 for second place, $3,000 for third place, $2,000 for fourth place, and $1,000 each for the fifth to tenth places. This competition not only offers substantial rewards but also fosters camaraderie and engagement within the Furrever Token community. It underscores the project's commitment to providing users with unique and enjoyable experiences while cultivating a vibrant ecosystem centered around adorable cat-themed imagery.
As participants gear up to compete for the coveted prizes, the Furrever Token competition is poised to become a highlight in the crypto calendar, showcasing the project's dedication to innovation and community involvement. Join Furrever Token Presale Now: <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token Official Website</a>&nbsp; <a href="https://buy.furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Join $20,000 Furrever Token Giveaway </a><a href="https://t.me/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Join Official Telegram Group</a> &nbsp; &nbsp; &nbsp; <a href="https://twitter.com/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Follow Official X Account</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-faces-ema55-resistance-ethereum-eth-battles-at-2-858-furrever-token-furr-sparkles-with-20-000-competition-tbt88103.html">https://thebittimes.com/bitcoin-btc-faces-ema55-resistance-ethereum-eth-battles-at-2-858-furrever-token-furr-sparkles-with-20-000-competition-tbt88103.html</a>

Bitcoin (BTC) Faces EMA55 Resistance, Ethereum (ETH) Battles at $2,858, Furrever Token (FURR) Sparkles with $20,000 Competition

TheBitTimes

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