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</div></div></div><p><span style="font-weight: 400;">The price of Coinbase Wrapped BTC </span><a href="https://www.geckoterminal.com/base/pools/0x70acdf2ad0bf2402c957154f944c19ef4e1cbae1"><span style="font-weight: 400;">increased</span></a><span style="font-weight: 400;"> by 1% in the last 24 hours, reaching $58,374.41 by 7:32 a.m. EST as investors are beginning to show interest in the </span><span style="font-weight: 400;">Bitcoin</span><span style="font-weight: 400;"> alternative.</span></p>
<p><span style="font-weight: 400;">During the previous trading session, the CBBTC price rose from a low of $57,559.21 to its peak for the 24-hour period.</span></p>
<h2><span style="font-weight: 400;">Coinbase Wrapped BTC Price Exhibits Sideways Movement</span></h2>
<p><img decoding="async" src="https://s3.tradingview.com/snapshots/d/DGezkzyQ.png" alt="CBBTC Chart Image"/></p>
<p><span style="font-weight: 400;">4-hour chart for CBBTC/USD (Source: </span><a href="https://www.tradingview.com/x/DGezkzyQ/"><span style="font-weight: 400;">GeckoTerminal</span></a><span style="font-weight: 400;">)</span></p>
<p><span style="font-weight: 400;">The price of Coinbase Wrapped BTC has declined from a high of $85,424.35 and is now consolidating between $57,951.70 and $59,545.15 over the last 24 hours. If the cryptocurrency dips below $57,951.70 during the next trading day, it may risk falling to a crucial support level at $55,452.80 in the near term.</span></p>
<p><span style="font-weight: 400;">Conversely, if CBBTC breaks through the $59,545.15 resistance within the next 24 hours, it could disprove the bearish outlook. In this scenario, the Coinbase Wrapped BTC price might aim to convert the $61,390.20 level into support before potentially revisiting its previous high.</span></p>
<h2><span style="font-weight: 400;">Technicals Indicate Bearish Pressure on Coinbase Wrapped BTC Price</span></h2>
<p><span style="font-weight: 400;">From a technical standpoint, indicators on the 1-hour chart of the cryptocurrency show that the Coinbase Wrapped BTC price is currently experiencing significant bearish pressure. Specifically, the 9 Exponential Moving Average (EMA) and the Relative Strength Index (RSI) signal that the cryptocurrency needs to improve before it can begin climbing.</span></p>
<p><span style="font-weight: 400;">The 9 EMA is acting as a technical barrier for the price of Coinbase Wrapped BTC, with the cryptocurrency trading below this indicator. Additionally, the current RSI is recorded below 10, indicating that CBBTC is extremely oversold.</span></p>
<p><span style="font-weight: 400;">Traders typically interpret low RSI readings as a buying opportunity since they imply that the upside potential of the cryptocurrency outweighs its downside risks. Nevertheless, it's common for the RSI to remain low when a cryptocurrency is experiencing significant sell-offs, which may be the case for Coinbase Wrapped BTC.</span></p>
<p><span style="font-weight: 400;">It's important to consider that CBBTC is a recent market entrant, evidenced by the limited price data for the cryptocurrency. Consequently, technical indicators may not provide the complete picture at this early stage.</span></p>
<p><span style="font-weight: 400;">While CBBTC is searching for its place in the market, investors are directing their attention to the new meme coin </span><span style="font-weight: 400;">Crypto All-Stars (STARS)</span><span style="font-weight: 400;">, which boasts an astonishing annual staking reward of approximately 1,195%</span><span style="font-weight: 400;">.</span></p>
<h2><span style="font-weight: 400;">The Future of Crypto Staking</span></h2>
<p><span style="font-weight: 400;">Crypto All-Stars (STARS) is an innovative meme coin initiative aimed at consolidating staking rewards into a single decentralized platform.</span></p>
<p><span style="font-weight: 400;">Upon launch, investors will have the opportunity to earn passive rewards by locking up various popular meme coins, including DOGE, SHIB, PEPECOIN, FLOKI, BRETT, MOG, LADYS, TOSHI, COQ, BONK, and TURBO.</span></p>
<p><span style="font-weight: 400;">Once staked, meme coin enthusiasts will begin to accumulate rewards paid out in STARS. </span><span style="font-weight: 400;">This allows meme coin investors to effectively earn compounded rewards on a single platform.</span></p>
<p><span style="font-weight: 400;">This unified approach to staking has garnered excitement from analysts and experts alike, including renowned YouTuber ClayBro. In a video to his 130K followers, he mentioned that Crypto All-Stars has the potential to disrupt the entire meme coin landscape.</span></p>
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<h2><span style="font-weight: 400;">Investors Eager to Acquire STARS Before Price Surge</span></h2>
<p><span style="font-weight: 400;">Crypto All-Stars has successfully garnered over $1.2 million through its current ICO, reflecting robust investor confidence in the project’s prospects.</span></p>
<p><span style="font-weight: 400;">With the project's appeal to meme coin investors, the integration of a unified staking system in the playful domain of crypto, and optimistic forecasts by analysts like ClayBro, it's clear why investors are strongly backing STARS at this developmental stage.</span></p>
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<img decoding="async" src="data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20507%20502'%3E%3C/svg%3E" alt="Crypto All-Stars tweet" width="507" height="502" data-lazy-srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-300x297.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-64x64.png 64w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-86x86.png 86w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet.png 719w" data-lazy-sizes="(max-width: 507px) 100vw, 507px" data-lazy-src="https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-300x297.png"/>
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<source type="image/webp" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-300x297.png.webp 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-64x64.png.webp 64w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-86x86.png.webp 86w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet.png.webp 719w" sizes="(max-width: 507px) 100vw, 507px"/>
<img decoding="async" src="https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-300x297.png" alt="Crypto All-Stars tweet" width="507" height="502" srcset="https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-300x297.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-64x64.png 64w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet-86x86.png 86w, https://insidebitcoins.com/wp-content/uploads/2024/09/Crypto-All-Stars-tweet.png 719w" sizes="(max-width: 507px) 100vw, 507px"/>
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<p><span style="font-weight: 400;">Anyone interested in acquiring the token during its ICO phase can utilize the straightforward buy widget found on the project's website.</span></p>
<p><span style="font-weight: 400;">Selling at $0.0014419, STARS can be purchased using ETH, USDT, BNB, FLOKI, SHIB, PEPE, or DOGE. </span></p>
<p><span style="font-weight: 400;">Potential investors should act quickly to secure the token at the best price, as its price is expected to rise within the next three days.</span></p>
<p><span style="font-weight: 400;">Buy and stake STARS for an APY exceeding 1,195% here.</span></p>
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</div>CBBTC Gains 1% as Traders Flock to 1,195% APY ICO Opportunity[embed]https://www.youtube.com/watch?v=cNJMvxJPQDQ[/embed]
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