{"id":626893,"date":"2025-02-15T12:29:18","date_gmt":"2025-02-15T12:29:18","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=626893"},"modified":"2025-02-15T12:29:18","modified_gmt":"2025-02-15T12:29:18","slug":"libra-price-prediction-libra-crashes-77-as-argentina-president-javier-milei-pulls-support-while-traders-eye-this-sol-ico-for-100x-gains","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/libra-price-prediction-libra-crashes-77-as-argentina-president-javier-milei-pulls-support-while-traders-eye-this-sol-ico-for-100x-gains","title":{"rendered":"Libra Price Prediction: LIBRA Crashes 77% As Argentina President Javier Milei Pulls Support, While Traders Eye This SOL ICO For 100X Gains"},"content":{"rendered":"<p>The Libra price has crashed 77% in the last 24 hours to trade at $0.01891 as of 11:30 a.m. EST, driven by a 70% increase in trading volume to 1.59 billion.<\/p>\n<p>The LIBRA coin was initially endorsed in a now-deleted Tweet by Argentina&rsquo;s President Javier Milei and exploded after listing. It was purportedly launched to help the nation&rsquo;s economy grow and fund small businesses.<\/p>\n<p>But when it crashed, Milei withdrew his support. That prompted allegations on X of a rug pull.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Javier Milei just DESTROYED the memecoin market:<\/p>\n<p>Hours ago, Argentinian President Milei launched a memecoin, <a href=\"https:\/\/twitter.com\/search?q=%24LIBRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LIBRA<\/a>, for \"the growth of their economy.\"<\/p>\n<p>Within 5 hours, over -$4.4 BILLION of market cap was erased.<\/p>\n<p>Is this the biggest rug pull in history?<\/p>\n<p>(a thread) <a href=\"https:\/\/t.co\/t4T69r851d\">pic.twitter.com\/t4T69r851d<\/a><\/p>\n<p>&mdash; The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1890611963203334190?ref_src=twsrc%5Etfw\">February 15, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 data-start=\"0\" data-end=\"77\">Libra Price Sees Extreme Volatility, Crashes After Sharp Breakout<\/h2>\n<p data-start=\"79\" data-end=\"633\">The LIBRA\/USD experienced a dramatic price surge and collapse within a short time frame, highlighting extreme market volatility. The price initially skyrocketed above $4.00, fueled by what appeared to be strong buying momentum and possible speculative trading.<\/p>\n<p data-start=\"79\" data-end=\"633\">However, the breakout was short-lived, as a wave of liquidations quickly reversed the gains, leading to an aggressive sell-off. The price plummeted, erasing nearly all the upside movement, and now <a href=\"https:\/\/coinmarketcap.com\/currencies\/libra-viva-la-libertad-project\/\">trades around $0.1620<\/a>, a level that appears to be acting as major support.<\/p>\n<h2 data-start=\"635\" data-end=\"693\">Massive Liquidations Drive Sudden Price Collapse<\/h2>\n<p data-start=\"694\" data-end=\"1168\">The rapid increase in price may have been driven by traders attempting to capitalize on a bullish breakout, possibly due to a news event, liquidity injection, or speculative interest.<\/p>\n<p data-start=\"694\" data-end=\"1168\">However, as the price surged, over-leveraged positions likely triggered forced liquidations, creating a cascade of selling pressure. With limited buy orders at higher levels, the price collapsed almost as quickly as it rose, reflecting an unstable market structure with low liquidity.<\/p>\n<p data-start=\"1170\" data-end=\"1576\">Currently, the price has stabilized around $0.1620, with a session low of $0.1562, marking an important support zone. This area is crucial for the short-term outlook. If it holds, there could be a potential reversal, attracting buyers looking to enter at oversold levels. If the support fails, however, the price could continue its downward trajectory in search of new liquidity zones.<\/p>\n<p data-start=\"1170\" data-end=\"1576\"><img decoding=\"async\" class=\"aligncenter wp-image-626900 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DEXTools.io_LIBRA_USD-MET_2025-02-15_08-02-24.png\" alt=\"Libra price\" width=\"1470\" height=\"638\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DEXTools.io_LIBRA_USD-MET_2025-02-15_08-02-24.png 1470w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DEXTools.io_LIBRA_USD-MET_2025-02-15_08-02-24-300x130.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DEXTools.io_LIBRA_USD-MET_2025-02-15_08-02-24-1024x444.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/02\/DEXTools.io_LIBRA_USD-MET_2025-02-15_08-02-24-768x333.png 768w\" sizes=\"(max-width: 1470px) 100vw, 1470px\"><\/p>\n<p data-start=\"1170\" data-end=\"1576\">LIBRAUSD Analysis Source: Dextools.io<\/p>\n<p data-start=\"1633\" data-end=\"2202\">Despite the sharp decline, technical indicators suggest that a recovery could be on the horizon. The MACD (Moving Average Convergence Divergence) is at -0.5159, reflecting continued bearish momentum. However, if the MACD line begins curving upward, it could indicate a trend reversal. More significantly,<\/p>\n<p data-start=\"1633\" data-end=\"2202\">The Relative Strength Index (RSI) is at 15.83, which is deep in oversold territory. An RSI below 30 suggests that an asset is undervalued and may be due for a rebound, meaning traders could start buying in anticipation of a price recovery.<\/p>\n<h2 data-start=\"2204\" data-end=\"2240\">What&rsquo;s Next For LIBRA?<\/h2>\n<p data-start=\"2241\" data-end=\"2601\">With such extreme volatility, traders should exercise caution, as price action remains highly unpredictable. If the $0.16 support level holds, LIBRA\/USD could see a bounce, potentially reclaiming key resistance levels. However, if this level fails, further downside movement is possible, potentially dragging the price lower before finding stable ground.<\/p>\n<p data-start=\"2603\" data-end=\"2908\" data-is-last-node=\"\">Traders should watch for any signs of renewed buying pressure or fundamental catalysts that could drive the next major move. Given the recent extreme price swings, LIBRA\/USD is likely to remain highly volatile in the short term.<\/p>\n<h2>Solana Layer-2 Presale Soars Past $21 Million &ndash; Next Crypto To Explode?<\/h2>\n<p>As&nbsp;<span style=\"margin: 0px; padding: 0px;\"><span style=\"margin: 0px; padding: 0px;\">Libra price continues to dump, the Solana layer-2 meme coin <a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" target=\"_blank\" rel=\"noopener nofollow\">Solaxy (SOLX)<\/a><\/span> continues to pump, surging past the $21 million<\/span> milestone in its presale.<\/p>\n<p data-start=\"0\" data-end=\"536\">The project comes at the right time for the Solana network, which is facing high congestion caused by the rising demand for SOL-based meme coins. This has heavily strained the mainnet and put its layer 1 at risk of delays and potential outages.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The benefits of Solaxy can really bring a tear to your eye&hellip;<a href=\"https:\/\/twitter.com\/search?q=%24SOLX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOLX<\/a> hits hard! &#128760;&#129680; <a href=\"https:\/\/t.co\/yqIjimnys9\">pic.twitter.com\/yqIjimnys9<\/a><\/p>\n<p>&mdash; SOLAXY Help Team &#120143; (@SOLAXYTOKEN_HT) <a href=\"https:\/\/twitter.com\/SOLAXYTOKEN_HT\/status\/1887731684814000259?ref_src=twsrc%5Etfw\">February 7, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p data-start=\"0\" data-end=\"536\">Using its layer-2 sidechain, Solaxy will ease this burden by processing transactions off-chain, bundling them, and then submitting them to Solana&rsquo;s layer-1 for validation. This approach boosts network efficiency, reduces transaction fees, and increases throughput, positioning Solaxy as a promising scaling solution for Solana.<\/p>\n<p data-start=\"538\" data-end=\"1074\" data-is-last-node=\"\">An analyst from 99Bitcoins, a popular crypto YouTube channel with over 724K subscribers, predicts that the SOLX token could potentially surge 100x when it launches.<\/p>\n<p><iframe title=\"BEST 3 Meme Coins to Buy Now Before 2025?! (New 100X Potential Crypto!?)\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/7usUlycZEUs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p data-start=\"538\" data-end=\"1074\" data-is-last-node=\"\">Investors seeking passive crypto rewards can also join Solaxy&rsquo;s presale staking program, which offers a huge 196% annual return.<\/p>\n<p data-start=\"538\" data-end=\"1074\" data-is-last-node=\"\">Right now, SOLX is priced at $0.001636 and can be purchased with crypto or a bank card via the buy widget on the project&rsquo;s website.<\/p>\n<p data-start=\"538\" data-end=\"1074\" data-is-last-node=\"\">Those wanting to secure SOLX tokens at the lowest presale rate should act quickly as a price increase is set to occur in a little more than 1 day.<\/p>\n<p><a href=\"https:\/\/insidebitcoins.com\/visit\/solaxy\" rel=\"nofollow\">Buy SOLX tokens here.<\/a><\/p>\n<h3>Related Articles:<\/h3>\n<ul>\n<li><a href=\"https:\/\/insidebitcoins.com\/news\/solana-etfs-edge-closer-to-approval-as-sec-acknowledges-grayscale-filing-is-this-layer-2-sol-project-set-to-soar\">Solana ETFs Edge Closer To Approval As SEC Acknowledges Grayscale Filing<\/a><\/li>\n<li><span class=\"s1\"><a href=\"https:\/\/insidebitcoins.com\/news\/china-tightens-cryptocurrency-oversight-with-new-forex-rules\"><span class=\"s2\">China Tightens Cryptocurrency Oversight with New Forex Rules<\/span><\/a><\/span><\/li>\n<li><span class=\"s1\"><a href=\"https:\/\/insidebitcoins.com\/news\/hackers-steal-85-million-in-cryptocurrency-from-phemex\"><span class=\"s2\">Hackers Steal $85 Million in Cryptocurrency from Phemex<\/span><\/a><\/span><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                 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Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1965,"featured_media":626902,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-626893","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Libra Price Crashes 77% As Traders Buy This Solana ICO<\/title>\n<meta name=\"description\" content=\"The Libra price plunged 77% after Argentina President Javier Milei withdrew his support, while traders buy this $21 million Solana ICO.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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