2023-9-5 11:00 |
At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastic, a signal that has previously marked market peaks.
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Due to yesterday’s crypto market rout, Ethereum (ETH) has now faced rejection at the key $4,000 resistance level for three times since March 2024. The second-largest cryptocurrency by reported market cap is now trading at the $3,400 level, down 6.
BNB price struggled to stay above the $600 zone. The price is consolidating gains and might aim for a fresh increase above the $605 level. BNB price started a downside correction from the $612 resistance zone.
The ratio's present price pattern resembles late 2020.
The Three-line break chart, which filters out noise and erratic price movements, suggests the broader bull run has begun.
The average, widely considered a barometer of the long-term trend, has hit stall speed for the first time since October.
A recap of the crypto market from August 11th to 17th.
Solana started a fresh increase above the $150 resistance. SOL price could rally further if there is a clear move above the $162 resistance. SOL price started a fresh upward move above the $150 and $155 levels the US Dollar.