as its price has dropped significantly by 19.5% within 24 hours according to the latest available data, influenced by global political tensions and selling pressure on cryptocurrencies in general.
Factors affecting the price
1. Negative factors
- **Global political tensions**: The Israeli attack on Iran has led to a wave of selling in the cryptocurrency market in general
- **Significant losses in the meme coin sector**: Approximately $6 billion has been wiped out from the meme coin market within 24 hours
- **General decline in Ethereum ecosystem coins**: Most coins associated with Ethereum have seen declines exceeding 10%
2. Positive factors
- **Strong trading volume**: Data shows that ANIME coin holds a good position in trading volume rankings on Upbit platform
- **Continued interest**: Data indicates continued trading activity on the coin despite price fluctuations
Technical trend
Based on candlestick data, it seems that:
- The price is currently fluctuating between $0.0245 and $0.025
- The currency has seen an attempt to recover after the sharp decline, but selling pressure remains strong
- Trading volume increased during the downturns, indicating accelerated selling activity
Short-term forecasts
In the short term, it is likely that ANIME coin will continue to fluctuate within the current price range, with a gradual recovery possible if global political conditions stabilize. Investors should exercise caution and pay attention to market developments and news related to the cryptocurrency sector in general and the Ethereum ecosystem in particular.
The information mentioned above has been researched and summarized through personal effort, and does not constitute investment advice.
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