Cryptocurrency Markets Plunge as U.S. Government Shutdown Risk Rises
- Market Reaction: Cryptocurrency markets sharply declined on Sunday evening as traders assigned a 79% probability to a U.S. government shutdown, reflecting investor concerns over political gridlock.
- Major Token Declines: Bitcoin (BTC) fell approximately 3.2% over the past 24 hours to around $86,751, while Ethereum (ETH) dropped about 4.5% to near $2,814, indicating a broad risk-off sentiment among investors.
- Surge in Liquidations: According to Coinglass, total crypto liquidations reached approximately $652 million in the last 24 hours, with long positions accounting for $600 million in losses, highlighting the rapid response of the market to falling prices.
- Historical Impact: The longest U.S. government shutdown lasted 43 days, causing delays in economic data and disruptions in government services, suggesting that the current political standoff could lead to similar market reactions and increased investor anxiety.
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Technical Analysis for Q
Technical Sentiment Analysis for Quack AI (Q) As of , Quack AI (Q) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 7 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for Q stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, Q is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Quack AI (Q) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00749 | 0.0119 | 0.0149 | 0.0194 | 0.0224 | 0.0268 | 0.0299 |
| Fibonacci | 0.0119 | 0.0148 | 0.0165 | 0.0194 | 0.0222 | 0.024 | 0.0268 |
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