short-term traders and long-term investors may need to be alert after the coin decided to choose stagnancy.For a cryptocurrency that thrives on speculation, this was an unusual trait. However, as things stand, this lack of volatility does not seem in the favor of buyers or sellers.
The notable aspect was how the price was going out of the volatility level. With this momentum, it could provide an avenue for shorts to profit. The reason was that the 50 EMA was keeping the 20 EMA on its toes by staging close by. As a result of this “chase,’ it is unlikely that the buyer’s strength will reflect in the coin’s price.
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