The cryptocurrency market is experiencing a pullback, with the total market capitalization dropping to $2.8 trillion. This downturn has affected several altcoins, including Helium (HNT), which has seen a 5% decline today. Meanwhile, despite the market dip, Web3Bay’s presale continues to gain traction, surpassing $1.5 million, making it one of the most promising early-stage investments.
As traders reassess market conditions, attention is shifting towards projects with strong fundamentals. Helium’s latest price action suggests growing bearish pressure, while Web3Bay’s successful presale highlights investor demand for innovative blockchain-based projects.
Helium (HNT) Drops 5%—More Downside Ahead?
Helium (HNT) has faced a 5% decline in the last 24 hours, bringing its price down to $3.19. The token’s market capitalization now stands at $617 million, reflecting the broader market downturn. In addition, trading volume has dropped by 18% to $4.72 million, indicating reduced buying interest.
HNT is currently testing support at $3.20, a crucial level that could determine its next move. If this support fails, the next key level is $3.00, which could open the doors for further downside. On the upside, resistance at $3.50 remains strong, and a breakout above this level could push the price towards $3.80.
The Relative Strength Index (RSI) has dropped to 47.2, signaling weakening momentum, while the Chaikin Money Flow (CMF) remains negative at -0.23, reflecting weak capital inflows. Unless buying pressure returns, HNT may continue its downward trend, aligning with the overall market decline.
Web3Bay’s Presale Crosses $1.5M—Why It’s Still Gaining Attention
While Helium struggles, Web3Bay (3BAY) continues to attract investors, with its presale surpassing $1.5 million. This project aims to revolutionize e-commerce by creating a decentralized marketplace where users can trade goods and services without intermediaries.
Currently priced at $0.004562 in its 4th presale stage, Web3Bay presents an early investment opportunity before its exchange listing. Analysts predict a strong price surge once the token enters public trading.
Web3Bay is targeting a trillion-dollar e-commerce market by positioning itself as a Web3 alternative to platforms like Amazon and eBay. The growing presale numbers indicate strong investor confidence, with many seeing the potential for significant returns once the token reaches major exchanges. With the price of 3BAY still under $0.005, early investors have an opportunity for high upside potential.
Crypto Market Cap Drops to $2.8 Trillion—What’s Next?
The global crypto market cap has fallen to $2.8 trillion, reflecting a 1.7% decline in the last 24 hours. Meanwhile, trading volume has dropped 35% to $58.4 billion, indicating decreased activity as investors adopt a cautious stance.
Despite this, some early-stage projects like Web3Bay are defying the downturn. As market conditions fluctuate, traders are closely watching whether HNT will stabilize or continue its decline.
Join Web3Bay Presale Now:
Presale: https://web3bay.io/buy
Website: https://web3bay.io/
Twitter: https://x.com/web3bayofficial
Instagram: https://www.instagram.com/web3bayofficial/
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