The cryptocurrency decline continues over the past week as the prices of many coins dropped to unprecedented levels.
Fanspel started the week with a strong bullish course to $0.28 on May 24. It maintained this course and surged to the $0.30 mark at the closing of the day. However, the rally was short-lived as the bears pushed the price down to $0.27 at the opening of the next trading day- May 25. Despite the sell-off eminent in the crypto markets this week, the selling is less intense than that of the previous week, which indicates a change in the investor’s mindset.
According to data from coinmarketcap, the Bitcoin dominance index that measures the percentage of a coin’s value relative to bitcoin was established at %46.55 as of Tuesday morning, which indicates that altcoins such as Fanspel had suffered more losses than Bitcoin since the crash on May 19.
A low of $0.25 was found at $0.25 on Tuesday afternoon which was short-lived as the bulls raised the price to $0.27. The bears then briefly attempted to lower the price but it was unsuccessful as the bulls stepped in to push the price to the $0.29 mark of Wednesday.
Fanspel was volatile for the next few sessions on the weekly chart as the price fluctuated across various levels until it reaches the $0.32 high when the price was up by 0.19%.
On May 27, the price started on a bearish reversal which halted at the $0.29 resistance. A rebound was then established by the bulls at midday which surged to a high of $0.32. This marked the highest point at which Fanspel will realize throughout the week.
The next couple of sessions that followed were bearish as the price dipped to the $0.28 low, allowing buyers to buy the dip. Buyers were compensated as the price rallied to the $0.29 high. The $0.29 mark was then established as a resistance level and the bulls’ attempts to break the resistance were fruitless. After failed attempts to break the resistance level at $0.29, the price went on a free fall to $0.25 which was at -0.11% of the previous day.
The bulls picked up at the opening of Sunday and started on a dominant uptrend course that has been volatile but in all, bullish. Fanspel currently trades at $0.29, with a percentage increase of %4.60.
Despite the volatility of Fanspel in May, the long-term assurance of Fanspel is still optimistic, and with a good start to June, it’s looking positive for Fanspel investors across the globe.
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