Solana’s CMF indicator on the four-hour chart oscillates in the negative region, suggesting persistent selling pressure.
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Floki’s RSI has dropped to 22 after intense selling pressure, and the memecoin is now in oversold territory.
Revenue from transaction fees on Hedera in Q2 2024 reached $1.4M, the second-highest quarterly level.
The declining MVRV ratio could also suggest market capitulation after a prolonged bearish sentiment around ETH.
Crypto market witnessed $300 million in liquidations as prices of Bitcoin, Ethereum dropped sharply.
Worldcoin’s daily active addresses are currently at the lowest level since the beginning of the year.
Traders should watch out for a potential bearish crossover of the 50-day SMA below the 100-day SMA.
AMP has formed an ascending channel with higher highs and lower lows since 5th August.
The Ethereum exchange supply ratio has dropped sharply this month showing that traders are less inclined to sell at current prices.
Despite demand being significantly low, exchange supply is also low, reducing the risk of steep corrections.
The Dencun upgrade reduced costs for Ethereum rollups substantially, shifting revenue from the Ethereum layer 1.
Bitcoin’s CMF spiked significantly on the 22nd of August, coinciding with the release of the FOMC minutes.