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Bitcoin price is showing signs of getting overheated on daily timeframes using the Relative Strength Index (RSI). The tool, typically used to spot overbought conditions, is at one of its highest levels ever historically. However, an elevated RSI reading in BTCUSD is deceiving, leading to some of the most dramatic moves
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Data shows the Bitcoin NVT Golden Cross is still in the “overbought” region, a sign that there may be more volatility to come for the cryptocurrency. Bitcoin NVT Golden Cross Continues To Be At A High Value As pointed out by an analyst in a CryptoQuant post, the BTC long-term holders have
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The Dogecoin (DOGE) price rally extended further on Oct. 29 in hopes that the cryptocurrency would get a major boost from Elon Musk's Twitter acquisition.Elon Musk boosts Dogecoin price againDogecoin price jumped by nearly 75% to reach $0.146 on Oct. 29, the biggest daily gain since April 2021. DOGE/USD daily
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Further, On Aug. 22, Quant Network announced a non-fungible tokens (NFT) standard called QRC-721 to help users build and deploy secure, interoperable NFTs and overcome limitations associated with Ethereum's ERC-721. According to Martin Hargreaves, Quant's Chief Product Officer, the ERC-721 tokens lack interoperability and have been subject to hacks. Source
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Bitcoin (BTC) sank to intraday support on Aug. 16 as concerns emerged over the fate of United States stock markets.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. stocks face stiff resistanceData from Cryptox Markets Pro and TradingView showed BTC/USD hitting $23,685 on Bitstamp, nearing lows from Aug. 12.After an eerily calm 24
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The price of Lido DAO (LDO) dropped heavily a day after its key momentum oscillator crossed into "overbought" territory.LDO undergoes overbought correctionLDO's price plunged to as low as $1.04 on July 16 from $1.32 on July 15, amounting to a 20%-plus decline. The token's sharp downside move took its cues
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Monero (XMR) price may witness a sharp pullback by June because its 75% rally in the last two weeks has left the gauge almost "overbought."Monero price RSI meets rising wedgeDownside risks have been mounting due to XMR's relative strength index (RSI), which almost hit 70 this May 23, indicating that
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The Avalanche blockchain platform's native asset, AVAX, fell on Aug. 19 as traders decided to secure their profits from its 100% upside move.The AVAX/USD exchange rate plunged more than 16% after hitting a three-month high of $36.64, putting the brakes on a seven-day upside boom that saw its price rise by
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Bitcoin has undergone a strong correction since the $24,300 highs seen this past weekend. The leading cryptocurrency currently
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Bitcoin prices slid Monday ahead of an election that will shape its bias for the rest of the
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