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Crypto Market Recovery: Near Protocol, Cronos and Chainlink Drive Returns, Furrever Token Follows Suit – Times Tabloid
In a whirlwind of market activity, investors are shifting their attention towards Furrever Token (FURR), enticed by the promise of substantial returns of up to 15x after its launch. This surge in interest has led to a notable trend where holders of Cronos (CRO), Chainlink (LINK), and NEAR Protocol (NEAR) are divesting their holdings and redirecting their investments towards FURR. The allure of potential gains has sparked a frenzy of activity within the crypto community as traders look to take advantage of this unique opportunity afforded by FURR’s impressive returns.
Cronos (CRO) faces market turbulence and provides mixed signals
Amid recent market fluctuations, Cronos (CRO) has experienced a tumultuous journey. Currently valued at around $0.1237, CRO has seen a decline of 2% since yesterday. The cryptocurrency has faced significant swings in response to online news updates, particularly regarding the Fed’s monetary policy, which has tested investors’ resilience. Despite two consecutive days of gains, CRO is now under pressure as investor sentiment remains mixed in reaction to the broader global financial market’s response to the Fed’s forward guidance on monetary policy. Amid these developments, network news updates have played a significant role in influencing the price trajectory of CRO. Notably, Crypto.com’s recent decision to adjust CRO card rewards triggered a sell-off, taking CRO to a low of $0.2650 before support kicked in. However, a subsequent reversal in the decision provided support, bringing CRO back to $0.30 levels. Looking ahead, CRO is facing key resistance and support levels, and broader market sentiment is expected to play a crucial role in determining its near-term trajectory.
Breakthrough Potential: NEAR Protocol (NEAR) Price Action Analysis.
NEAR Protocol (NEAR) is currently trading at around $7.20, marking an increase of nearly 1% from yesterday. The bullish momentum suggests that buyers are aiming for a breakthrough above the crucial $8 mark to confirm a sustainable uptrend. Despite repeated tests of the $8 neckline hurdle, buyers remain eager to break above this resistance level, anticipating further price spikes. On daily charts, NEAR faced resistance at the trendline and 50-day EMA near $6, with sellers preventing a bullish breakout. However, despite a decline in intraday trading volume, the Relative Strength Index (RSI) remains neutral at 55, signaling a potential positive crossover. Derivatives data points to a long liquidation phase, with open interest falling more than 12.33% to $257.50 million. While the Sharpe ratio remains below 1, indicating negative sentiment, the steady upward movement on the Telegram platform reflects growing investor interest. Despite resistance in the 50% Fibonacci retracement zone, immediate support levels for NEAR are at $6.70 and $6.20, while major upside hurdles lie at $8 and $8.30.
Chainlink (LINK) seeks solid support amidst bullish signals
Chainlink (LINK) is currently priced at around $14.01, reflecting a 2% increase from yesterday. Investors and bulls are watching closely as the price searches for stronger support in the $12 to $13 range. Despite the prevailing downtrend, the LINK/USDT 4-hour chart suggests the potential for a bullish reversal, indicated from the descending channel pattern and the possibility of a trend reversal once a solid base is found. Traders are advised to monitor the $13 level closely, as any significant breakout could trigger rapid price movements. Trend traders might consider entering between $12.08 and $13 with careful stop loss settings after a confirmed breakout. Amid volatile market conditions, Chainlink’s fundamentals remain strong, bolstered by recent developments such as its selection as a technology partner for the Hong Kong dollar (HKDR) stablecoin and indications of accumulation among holders, as highlighted by a report from Intotheblock.
Furrever Token: Attracting investors across chains with its unique charm
Furrever Token has emerged as a standout project in the crypto space, captivating investors from various chains such as LINK, CRO, and NEAR with its outstanding features, promising ROI, and vibrant community engagement.
Unlike conventional utility tokens, Furrever Token offers a delightful and charming experience, infusing the world of digital assets with a dose of sweetness. With a total token supply of approximately 9 billion FURR tokens, the project’s allocation strategy ensures transparency and long-term commitment, with 65% of tokens dedicated to presale, 25% to DEXs and 10% to the team, blocked for a year.
The project’s fundraising success, which raised more than $1 million in just two months, underlines investor confidence and interest. Additionally, Furrever Token’s roadmap includes launching on DEX (PancakeSwap), providing accessibility and convenience to investors across multiple chains.
Offering up to 15x returns, Furrever Token presents an attractive investment opportunity, with its current price standing at $0.000648. Investors are attracted to Furrever Token not only for its potential financial gains, but also for its fun and engaging community-driven approach.
With nearly 4,000 members on Telegram and active moderation, Furrever Token fosters a welcoming environment where members can share their love of cuteness and contribute to the project’s growth. Additionally, the recent announcement of a competition for total purchases higher than $20,000 further incentivizes investor participation and strengthens community ties.
In the competition, participants are encouraged to make total ($) purchases during the 18-day period, with the top 10 buyers sharing a whopping $20,000 FURR value. The prize distribution ranges from $5,000 for first place to $1,000 each for 5th through 10th places. The competition period runs from May 9th to May 27th, giving participants ample time to engage and compete for prizes.
Join the Furrever token presale now:
Official website of the Furrever token
Enter the $20,000 Furrever Token Giveaway
Join the official Telegram group
Follow the official X account
Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment or financial advice.