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FTX token (FTT) surged 7% amid speculation of a possible presidential pardon for founder Sam Bankman-Fried; The critical resistance level is $3.87.
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PEPE is approaching the $0.00002 level, having gained 1400% in the last year, with traders looking at $0.0000216 and $0.0000247 as higher targets.
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Virtual Protocol (VIRTUAL) stands out among AI-focused cryptocurrencies, up 150% in the last 30 days and facing resistance at $4.
As the year draws to a close, important alternative cryptocurrencies are experiencing major changes; FTT, PEPE and VIRTUAL are significant titles in the crypto market.
FTX Token (FTT) gained interest again
After a turbulent period FTX Token (FTT)managed to attract attention again due to the events surrounding its founder Sam Bankman-Fried. Recent media reports suggest he may be eligible for a presidential pardon; This has undoubtedly created interest and speculation in the market.
Currently, FTT is trading up more than 7% in the last 24 hours, supported by bullish market sentiment. The critical resistance level is $3.87; A breakout of this level could pave the way for price upside towards the $4.18 target. However, if momentum weakens, FTT can be expected to test the support level at $3.55, with a drop as low as $3.32 if bearish pressures increase.
PEPE: The Rebirth of the Coin Meme
Among meme coins PEPEit stands out with an incredible annual growth of almost 1400%, thus consolidating its position as the third largest meme token globally. With a current market cap of around $8 billion, PEPE ranks behind only Shiba Inu and Dogecoin in the meme coin space.
In the last trading sessions PEPEincreased by over 7%; Traders are looking to finish the year above the important psychological level of $0.00002. If the bullish momentum continues, the coin could test resistances at $0.0000216 and possibly $0.0000226. However, if the situation reverses and loses the support level at $0.00001955, a pullback towards $0.000017 can be expected.
Virtual Protocol (VIRTUAL): Cryptocurrency AI leader
Virtual protocol (VIRTUAL)it has carved a niche for itself among AI-centric cryptocurrencies and stands out by surpassing RENDER in terms of market cap. The fact that the coin has risen by more than 8% in the last 24 hours clearly shows that there is a growing interest in artificial intelligence applications in the crypto space.
This trend has seen a 150% increase in the past month and is supported by enthusiasm for crypto AI agents and related technologies.
If VIRTUAL continues its current trend, it could face significant resistance at $3.85 or even $4; These levels will be critical turning points in the bull run. However, if interest in AI wanes, the token could face corrections and test critical support levels around $3.33; If this level is exceeded, prices may fall to $2.85 or $2.23.
Conclusion
As 2024 draws to a close, the movements we see in cryptocurrencies such as FTX Token, PEPE and Virtuals Protocol highlight the dynamic nature of the market. With significant gains and critical technical levels to watch, it is critical that investors stay informed and adjust their strategies accordingly. The final days of the year can still yield surprising results, and caution is essential for anyone involved in this fast-moving asset.
