, the bears could not keep the price down. This suggests that the bulls are trying to flip the $60,000 level into support.as traders unrealized profit margins were “basically zero” near $60,000. “Trader’s realized price” has acted as a strong support during bull markets, Moreno added., creating a new record. Accumulation address is a wallet that holds more than 10 Bitcoin but has seen no previous withdrawal.
Alternatively, if the price rises above the 20-day EMA, it will suggest that the correction has ended. The pair will try to rise to the overhead resistance of $3,679.) has been consolidating between $495 and $635 for the past several days, indicating indecision between the bulls and the bears about the next directional move.If buyers overcome the obstacle at the 20-day EMA , the BNB/USDT pair could rise to the overhead resistance at $635.
Instead, if the price breaks above the 20-day EMA, it will suggest that the correction may be over. The pair could then rise to the 50-day SMA, extending its stay inside the $0.41 to $0.74 range for some more time.The recovery is likely to reach the 20-day EMA , a significant level to watch out for. If buyers overcome this barrier, the DOGE/USDT pair could reach the downtrend line, where the bears are likely to sell aggressively.
Contrarily, if buyers shove the price above the 20-day EMA, it will suggest that the correction may be over. The ADA/USDT pair could then attempt a rally to the 50-day SMA .The zone between $32 and $27 is likely to act as a strong support. If the price rebounds off the support zone with strength, the AVAX/USDT pair could rally to the downtrend line. Buyers will have to clear this obstacle to signal that the correction may be over. The pair may then attempt a rally to $50.
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Source: FXStreetNews - 🏆 14. / 72 Read more »