Rally lahko od tukaj naleti na "majhen odpor", pravi Metrics

Rally lahko od tukaj naleti na "majhen odpor", pravi Metrics

Časovni žig: 26. januar 2023 1
  1. The crypto market has finally made a significant push after about a week of indecision.
  2. Altcoins are seeing bigger price spikes than leading cryptocurrencies.
  3. Traders must keep an eye out for social spikes and FOMO in the next few weeks.

After almost a week of indecision, the crypto market has made a significant push to key positions, urging a potential continuation of its rally.

The main driver Bitcoin (BTC) has taken the $23,080 resistance and is gunning for higher levels. In fact, earlier today, BTC attempted to hit $24,000, only to retrace at $23,100. Meanwhile, Ethereum (ETH) is currently sitting at $1,600, a gain of 6.6% in the last 7 days.

These price movements seem to be coinciding with the prevailing market sentiment. At the moment, the crypto space is only divided into people who believe the market has bottomed, and those who think this is a bull trap.

Regardless, on-chain and social metrics platform Santiment predicts that the crypto market, particularly altcoins, will be facing “little resistance” in the coming days.

As seen in the chart above, many lesser-known altcoins have posted higher gains compared to leading tokens. For instance, Aptos (APT) is having an incredible rally and is currently trading at $18.85 per piece. This translates to a 7-day gain of 44.7%. Similarly, NFT game Axie Infinity’s native token AXS has surged by more than 48%.

If history is any guide, it is usually BTC that pumps heavily first before altcoins start recording gains. It is only when BTC starts losing steam during the first leg of its rally that altcoins gain ground. This was the case, especially during the last bull run. However, the narrative is slowly being altered.

As per Santiment, traders must keep an eye out for social spikes and fear of missing out (FOMO) in the next few weeks. In typical trading scenarios, these usually signal the top. However, if there is not much hype yet, then it is possible for the rally to continue.

Preberite tudi:

Tags: AltcoinsAptosBitcoinEthereum

Omejitev odgovornosti Preberi več

Dežela kripto novic (cryptonewsland.com) , skrajšano tudi »CNL«, je neodvisen medijski subjekt – nismo povezani z nobenim podjetjem v industriji blokovnih verig in kriptovalut. Naš cilj je zagotoviti svežo in ustrezno vsebino, ki bo pomagala zgraditi kriptoprostor, saj verjamemo v njen potencial, da vpliva na svet na bolje. Vsi naši viri novic so verodostojni in točni, kot vemo, čeprav ne jamčimo glede veljavnosti njihovih izjav in njihovih motivov za njimi. Čeprav skrbimo za dvojno preverjanje verodostojnosti informacij iz naših virov, ne dajemo nobenih zagotovil glede pravočasnosti in popolnosti kakršnih koli informacij na našem spletnem mestu, kot jih zagotavljajo naši viri. Poleg tega zavračamo vse informacije na naši spletni strani kot naložbene ali finančne nasvete. Vse obiskovalce spodbujamo, da opravijo lastno raziskavo in se posvetujejo s strokovnjakom za ustrezno temo, preden sprejmejo kakršno koli naložbeno ali trgovalno odločitev.

Rally May Meet “Little Resistance” From Here, Says Metrics PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Jesus pokriva novice v zvezi s kriptoprostorom v Aziji in Avstraliji, spremlja pa tudi zadnje dogodke v ZDA in Evropi. Najbolj ga zanimajo blokovne igre na srečo in regulativni vidiki industrije.

Časovni žig:

Več od Dežela kripto novic