Crypto Market Stabilizes Amid Improving Geopolitical Tensions
The cryptocurrency market is stabilizing on Friday as prospects for de-escalation in Middle East geopolitical tensions improve. This has led to an increase in risk appetite, with the Fear & Greed Index rising to 29 (Fear) from 25 (Extreme Fear) on Thursday.
Chainlink, Near Protocol, and Bittensor are among AI-focused tokens that continue to face selling pressure but have defended key technical support levels. Chainlink trades near $8.25, with the 50-day EMA at $8.26, the 100-day EMA at $8.54, and the 200-day EMA at $9.58 acting as overhead resistance.
Near Protocol is trading around $1.6550, with a bearish near-term tone due to price holding beneath the descending trendline break level at $1.7145 and all key moving averages.
Bittensor holds below the short and medium-term moving averages, with the 50-day EMA near $206, the 100-day EMA around $221, and the 200-day EMA close to $241 acting as overhead resistance.