Bitcoin

VeChain

Shiba Inu

JasmyCoin

Celestia

<p>On January 18, 2024, the global market cap stood at $1.62 trillion, reflecting a 3.74% decrease in the past day. While the overall market volume has surged by 6.22% to $59.7 billion, the <a href="https://blockchainreporter.net/defi/" rel="noopener noreferrer nofollow">decentralized finance (DeFi)</a> sector contributes significantly, boasting a total volume of $5.03 billion, constituting 8.42% of the entire crypto market’s 24-hour volume. Stablecoins maintain their dominance, with a volume of $54.84 billion, commanding an impressive 91.87% share of the total <a href="https://blockchainreporter.net/market/" rel="noopener noreferrer nofollow">crypto market</a> volume over the last 24 hours.</p><p>Within this dynamic landscape, Bitcoin’s influence remains formidable, with its dominance standing at 49.69%, signaling a marginal increase of 0.02% within the day. As we navigate through the price analysis of individual cryptocurrencies – Bitcoin (BTC), Celestia (TIA), Shiba Inu (SHIB), VeChain (VET), and JasmyCoin (JASMY) – we intertwine the broader market dynamics, providing a comprehensive perspective for traders and investors in the ever-evolving crypto space.</p><h2 id="header-0">Bitcoin (BTC) Price Analysis</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/767be1e8e0964ec5ae203186b5dcec47.png" /></p><p>Over the last 24 hours, Bitcoin has experienced a 4.19% decrease, with the current price at $40,844. The daily chart indicates a dip below the local support level of $41,344. If the daily bar closes significantly below this level, there is potential for further price dip leading to a test of the $40,700 area in the upcoming day.</p><p>On a larger time frame, attention is drawn to the interim level of $40,500. A dip below this level could release accumulated selling pressure, potentially resulting in a further decline to the $39,000-$40,000 zone in the near future. The short-term analysis indicates a possibility of growth towards the $41,700 area if the daily bar closes far from the local support level of $41,300.</p><p>However, the medium-term outlook suggests caution, with attention on the $41,000 interim level. A breach below this point could lead to a significant drop to the $39,000-$40,000 zone. Traders and investors should closely monitor these key support and resistance levels for a clearer understanding of <a href="https://blockchainreporter.net/bitcoin-price/" rel="noopener noreferrer nofollow">Bitcoin’s price</a> movements in the coming days and weeks.</p><h2 id="header-1">Celestia (TIA) Price Analysis</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/b2967889052845c1ab7449e85f037083.png" /></p><p>In the last 24 hours, <a href="https://celestia.org/" rel="noopener noreferrer nofollow">Celestia</a> has witnessed a 7.72% decline, with the current price standing at $16.93. Utilizing today’s classical pivot point (P1) at $18.40, support levels for Celestia are identified at $17.66, $17.16, and the strongest at $16.42. Correspondingly, resistance levels are at $18.89, $19.63, and $20.12. This pivot point analysis provides key levels for traders to monitor in the short term.</p><p>Examining the 1-day time frame, Celestia is currently exhibiting a bearish trend, indicated by the 50-day moving average sloping upward and positioned below the current price. This moving average could act as a support in subsequent interactions with the price, reinforcing the bearish sentiment.</p><p>The Relative Strength Index (RSI) currently falls below the 60 neutral zone, signaling a neutral trend where the price could maintain this state for an extended period. However, caution is warranted as there is a bearish divergence observed in the last 14 candles. This suggests a weak signal for a potential price reversal from the current levels.</p><h2 id="header-2">Shiba Inu (SHIB) Price Analysis</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/c69c2bed5c82427e92021fcc354b9631.png" /></p><p>Over the last 24 hours, <a href="https://blockchainreporter.net/shiba-inu-price/" rel="noopener noreferrer nofollow">Shiba Inu (SHIB)</a> has experienced a 4.97% decrease, bringing the current price to $0.00000907. Currently, SHIB is navigating within a range, with a support level at $0.00000854 and a resistance level at $0.00001055. This establishes the boundaries for short-term price movements.</p><p>The Exponential Moving Averages (EMAs) at 10, 50, and 200 days are closely clustered around $0.00000976, $0.00000967, and $0.00000897, respectively. This <a href="https://blockchainreporter.net/shiba-inu-price-prediction-2040/" rel="noopener noreferrer nofollow">suggests</a> a narrow trading range and the possibility of consolidation in the medium term. Traders should keep a close eye on these levels for potential breakout or breakdown signals.</p><p>The Relative Strength Index (RSI) at 40.42 is below the central line, indicating a bearish momentum. If Shiba Inu’s trading volume, which has recently broken out of the red territory, continues its upward trend, and the token surpasses the resistance at $0.00001055, it could signal a strong bullish momentum.</p><h2 id="header-3">VeChain (VET) Price Analysis</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/1764b9585b964ec7a8fa94665db44629.png" /></p><p>Over the last 24 hours, VeChain (VET) has experienced a 5.34% decrease, bringing the current price to $0.02828. On the 1-day time frame, VeChain is exhibiting a bullish trend, as indicated by the 50-day moving average, which is sloping upward and positioned above the current <a href="https://blockchainreporter.net/vechain-price-prediction-2025/" rel="noopener noreferrer nofollow">VeChain price</a>. This moving average could act as a resistance in future interactions.</p><p>VeChain’s 200-day moving average has been sloping up since December 20, 2023, indicating a strong and sustained trend. The fact that the 200-day moving average is currently below the price suggests that if the price interacts with it again, it could serve as a potential support to sustain the existing upward trend.</p><p>The bullish trend is further supported by the upward-sloping 200-day moving average, highlighting the strength of the current trend. However, it’s crucial to note that the 50-day moving average may act as a resistance in the short term.</p><h2 id="header-4">JasmyCoin (JASMY) Price Analysis</h2><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/e181d74f03c3482fa4a0c8c1b8479a3a.png" /></p><p>Over the last 24 hours, <a href="https://blockchainreporter.net/jasmy-price-prediction-will-it-reach-the-1-mark/" rel="noopener noreferrer nofollow">JasmyCoin (JASMY)</a> has witnessed a 6.53% decrease, bringing the current price to $0.004931. A closer look at the 1-day time frame suggests a leaning toward a bearish trajectory, indicating potential short-term challenges. Despite the immediate downturn, a beacon of optimism emerges as both the 50-day and 200-day moving averages maintain their bullish orientation.</p><p>This duality in trend indicators implies a delicate balance, hinting at a potential correction or consolidation in the immediate future. Traders are urged to approach the current short-term decline with caution, particularly considering the potential resistance posed by the 50-day moving average. This key level demands careful monitoring, as it could influence short-term price movements.</p><p>Zooming out to the broader perspective, the upward-sloping 200-day moving average unveils a narrative of resilience and sustained strength. This suggests a robust medium-term outlook for JasmyCoin, instilling confidence in the coin’s underlying market dynamics.</p>

Price Analysis Jan 18: BTC, TIA, SHIB, VET, JASMY

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