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Crypto Traders Brace for Decline as Key Resistance Looms

Coin WorldWednesday, Mar 5, 2025 11:07 am ET
1min read

Crypto traders are bracing for further market decline, with a key resistance level identified in the $87,000 to $89,000 range, according to a community daily summary released by Greeks.Live. Despite the recent bottom at $82,000, there is significant disagreement among traders on whether a sustainable bottom has been reached.

The extreme oscillation and volatility in the market have left traders feeling frustrated, as they struggle to navigate the choppy waters. The focus remains on the $87,000 to $89,000 range as a crucial resistance level, with traders closely monitoring the situation for any signs of a potential turnaround.

As the market continues to grapple with uncertainty, traders are keeping a close eye on various developments in the crypto space. The upcoming White House Crypto Summit 25 has generated interest, with mystery seats for special guests yet to be revealed. Additionally, the feud between the US and Ukrainian presidents has captured attention, with "Wen's Coin" stealing the show and quickly reaching a $35 million market cap.

Meanwhile, the DeFi sector is exploring new territory, with the aave buyback proposal sparking discussions on the potential embrace of dividends in the decentralized finance ecosystem. As the market navigates these challenges and opportunities, traders remain vigilant, anticipating further market movements and adjusting their strategies accordingly.

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Lucas
03/05

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ABCXYZ12345679
03/05
@Lucas Ok bro
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InevitableSwan7
03/05
$TSLA dips, crypto pumps. My strategy: diversify, HODL, and don't FOMO.
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Orion_MacGregor
03/05
@InevitableSwan7 How long you planning to HODL $TSLA? Curious if you've got a target price in mind.
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Corpulos
03/05
@InevitableSwan7 I had $TSLA once, sold early. Regretted it when it mooned. FOMO hits hard when missing gains.
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ImplementEither7716
03/05
$87k cap is the crypto trader's tightrope.
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therealchengarang
03/05
DeFi dividends? AAVE breaking the mold here
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rvnmsn
03/05
DeFi's going mainstream with AAVE buybacks? Dividends in crypto sound interesting, but risks are real.
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HairyBallsOfTheGods
03/05
Market's like a rollercoaster, but I'm holding $ETH, long-term vibes. Not panicking, just HODLing.
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Jera_Value
03/05
White House Crypto Summit: suspense is real.
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Throwaway7131923
03/05
Crypto's like a boxing ring, traders dancing around $87k, waiting for the next punch. 🤔
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ethereal3xp
03/05
Resistance level feels like a ticking timebomb. 🤔
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breakyourteethnow
03/05
@ethereal3xp Think it'll break through?
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mayorolivia
03/05
HODLing $ETH, riding the volatile wave here
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UpbeatBase7935
03/05
Wen's Coin mooning; politics meets meme magic.
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