Join Our Telegram channel to stay up to date on breaking news coverage
Following the spikes seen in the majority of cryptocurrency markets, a significant number of them experienced a sudden drop in volume. Buyers had hoped for a more bullish performance, but the crypto market decided to revert.
Doge and KLAY appeared to have strong momentum movement in a market with room for strong liquidity flow. Ethereum Classic, Holo, and Shiba Inu were not left out as their shares fell as a result of the market’s short liquidity movement. The sellers’ determination to halt buying activity is the most common feature of all these crypto markets.
Doge (DOGE/USD)
Following the bullish rage, there appears to be a selling atmosphere attached currently as Doge is currently being pulled back from the $0.12800 key zone. A long period of liquidity implies that the buyers had a massive deployment as a pullback is currently in view. The Stochastic RSI (Relative Strength Index) is quite responsive as buyers are sighted in overbought regions. Buyers can still open up after the price pulls back.
Dogecoin (DOGE/USD)
Current Price: $0.1234
Market Capitalization: $16B
Trading Volume: $7B
7-day Gain: 7.08%
Shiba Inu (SHIB/USD)
The bear reaction is currently being experienced after the buying set-up seen on the token price. This could mean a fallback into the ranging market as the Stochastic Oscillator shows the price section on the overbought side for sellers to pull down from the $0.00001300 key zone.
Shiba Inu (SHIB/USD)
Current Price: $0.00001218
Market Capitalization: $7B
Trading Volume: $1B
7-day Gain: 9.18%
Klayton (KLAY/USD)
The crypto market is also in a bearish decline following a long range of buying displacement. The bulls have been positive for some weeks now before the sellers made their entry recently. The price is currently making a withdrawal as the Average Directional Index shows a buy trend at its peak, indicating a price pullback.
Klayton (KLAY/USD)
Current Price: $0.2807
Market Capitalization: $3B
Trading Volume: $1.9B
7-day Gain: 6.20%
Holo (HOT/USD)
The token price also experienced a sharp drop in its value at the moment after a bullish run to the $0.0022280 key zone. The Bollinger Band indicator opened up with an expansion following price compression. At this point, the sellers set the price to decline as the price liquidity void is being filled up from the $0.0002280 key zone.
Holo (HOT/USD)
Current Price: $0.002081
Market Capitalization: $3.6B
Trading Volume: $45M
7-day Gain: 5.62%
Ethereum Classic (ETC/USD)
The buyers appeared to have failed to make a break beyond the $25.900 significant level. Price declines have been experienced recently, with the RSI (Relative Strength Index) showing selling turns in the crypto market.
Ethereum Classic (ETC/USD).
Ethereum Classic (ETC/USD)
Current Price: $24.35
Market Capitalization: $5B
Trading Volume: $4.1B
7-day Gain: 4.64
A brand-new cryptocurrency signaling platform called Dash 2 Trade seeks to open up retail trading instruments to all users. They have raised $3,000,000 for this purpose through their presale.
Related
Join Our Telegram channel to stay up to date on breaking news coverage
