Crypto Market News Today: DeepSnitch AI Dominates Headlines With 164% Surge as Stellar Fights Bearish Pressure, BTC Risks More Downtrend if Weekly Close Drops Below $68.3K

An analyst warns Bitcoin must close the week above $68,300 to avoid bearish acceleration. According to the analyst, failure to reclaim the 200-week EMA, BTC could mirror the 2022 bear market.

Meanwhile, crypto market news today shows that DeepSnitch AI (DSNT) has hit a new milestone. Its price has soared to $0.03985, up 164%. The cryptocurrency is one of the trending presale gems this week and might be the next 100X crypto this quarter.

DeepSnitch AI’s goal is to provide retail traders with access to advanced trading tools that were previously outside of their reach. This move is expected to spark high demand and price growth, positioning DSNT as a top crypto to buy.

Bitcoin must close above $68.3k to avoid ‘bearish acceleration,’ analyst warns

According to crypto market news today, analyst Rekt Capital says the price of Bitcoin could fall further unless it ends the week trading above a major price level. This price is the 200-week exponential moving average, which is around $68,300.

In the past, weekly closes below this mark and a subsequent unsuccessful retest have led to bearish acceleration, as in 2022. While digital asset trends could change, the analyst notes BTC must stay above $68,300 this weekend to prevent a prolonged downside in the coming weeks.

Crypto market news today: This might be the best time to buy these 3 high upside coins

1. DeepSnitch AI (DSNT): Rumors point towards a 100X pump as presale figures rise

Crypto market overview shows many coins have been trading in the red zone over the past few weeks. Amid the negative sentiment, DeepSnitch AI emerges as one of the top gainers. Its price has increased by over 164% to $0.03985 and could soar by 100X soon.

Apart from its potential returns, DeepSnitch AI holds more promise. The platform has five AI agents that you could use during a bearish and bullish market. 

The tools provide you with real-time insights 24/7 on whale movements, the top performers, macroeconomic and microeconomic factors, digital asset trends, and other variables that could affect the market.

The aim is to keep you informed on market trends before they occur, so you can make better decisions. Apart from the tools, the platform also has a dynamic staking system where you can get dynamic, uncapped APY on your staked coins.

This means that there is no cap on the APY as the value increases as more coins are staked. Crypto market news today reveals that over 36.5M DSNT have been staked. Given the potential high returns ahead, you do not want to miss out on DeepSnitch AI.

2. Stellar price consolidates: Is a breakout possible this year?

Crypto market news today reveals that the Stellar coin has been trading within a narrow range in the past week. The cryptocurrency is stuck between $0.15 and $0.17 and could fall below the lower support if selling pressure rises.

As of February 13, the Stellar price was $0.15. Technically, the Stellar coin is under selling pressure. The RSI reading of 32 shows that buying pressure is low due to the overall bearish market sentiment. Still, CoinCodex predicts the Stellar price might rally to $0.23 soon.

3. Berachain breaks above the downtrend line

The Berachain crypto recently experienced a huge price rally on February 12, soaring to a weekly peak of $1.03. However,  buying momentum has slowed down. 
CoinGecko data showed Berachain was trading at $0.69 on February 13. Despite the pullback, the Berachain coin is still among the top gainers this week, posting a gain of 80.3% on the weekly chart.

An analyst notes that Berachain has broken above a downtrend line. They predict that the Berachain price could surge to $1.80 in the short term and $2.40 in the long run.

Conclusion

Crypto market news today shows DeepSnitch AI is picking up serious momentum. The project has now raised over $1.59M, and early buyers are sitting on 164% gains, and it is just getting started.

To reward new investors, DeepSnitch AI just dropped four bonus codes. If DSNT hits $1, a $2,000 purchase at the current price of $0.03985 and using the 30% bonus will grow to $65,244, which is a fair return considering DeepSnitch AI is still at an early stage.

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FAQs

1. How is the crypto market doing today?

The altcoin market recap shows that most coins have dipped into the red zone due to fresh selling pressure. Meanwhile, DeepSnitch AI is one of the few coins that has shown resilience, rising by over 164%.

2. Will crypto recover from a crash?

While the overall crypto market overview is bearish, many top traders believe a recovery is just a matter of when. If this happens, the prices of top-performing coins like DeepSnitch AI could skyrocket by 1000X.

3. Should I exit crypto now?

Although crypto market news today shows the market is currently bearish, a rebound could occur in the near future. Moreover, certain coins like DeepSnitch AI have withstood the downtrend, soaring by over 164%. The smart choice could be to monitor digital asset trends and buy such coins.