- Many cryptos have fallen over 20% up to now 24 hours in accordance with CoinMarketCap.
- ABBC Coin (ABBC) can benefit from the current selloff to enter the highest 100 record.
- At press time, ABBC was buying and selling at $0.1806 after falling 7% up to now 24 hours.
The most recent market sell-off noticed nearly all of costs within the crypto market fall by greater than 20% up to now 24 hours. One altcoin, ABBC Coin (ABBC), could also be trying to benefit from the current drop in international crypto market capitalization to push its approach into the highest 100 record of cryptos within the coming days.
At press time, the value of the altcoin had fallen 7% up to now 24 hours and stood at $0.1806 consequently, in accordance with CoinMarketCap. With its complete market of roughly $257.16 million, ABBC is lower than $16 million away from making the highest 100 record.
To enter the highest 100 record, the altcoin should surpass 1inch Community (1INCH) with its market capitalization of round $259 million. Subsequently, ABBC should overcome Convex Finance (CVX) with its market cap of $261.5 million and MX TOKEN (MX) with its estimated market cap of $273.8 million.
From a technical standpoint, the altcoin was in a medium-term bullish cycle after the 9-day EMA line crossed above the 20-day EMA line on Might 30, 2023. This led the value to ABCC to rise from a low of $0.10122 to a excessive. of $0.24460 on June 2, 2023. It has since pulled again, however nonetheless had help from the important thing 9-day EMA line at press time.
If ABCC worth is ready to keep above the 9-Day EMA line for the subsequent 48 hours, then it’d look to rally to the aforementioned $0.24460 mark the next week earlier than tipping that stage into help. . If the value of the altcoin manages to show the resistance of $0.24460 into help, it should have a transparent path to succeed in $0.29 throughout the subsequent two weeks.
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