MarketIndicators

Coinbase premium has turned negative for the first time in 10 days.

Under the assumption that US markets lead crypto markets, the Coinbase premium serves as an indicator of US investors' enthusiasm for Bitcoin. While price has rebounded, the Coinbase premium shows signs of shifting from positive to negative territory.

If $BTC functions as a leading indicator for NASDAQ, then the Coinbase premium acts as a leading indicator for Bitcoin itself. This shift suggests potentially waning US market participation despite the recent price recovery. #Bitcoin #MarketIndicators

🚀Layer (LAYER/USDT) Market Analysis: Recent Uptrend and EMA Indicators📈

The Layer (LAYER/USDT) pair shows a steady price increase with a current value of $0.6834, up by 2.41% in the last 24 hours. A noticeable trend is the consistent price movement between $0.66 and $0.78, with the most recent low being $0.5971. The chart highlights a bullish reversal from that point, with the price recovering towards its current level. The Exponential Moving Averages (EMAs) show an interesting crossover as the 7-period (yellow) and 25-period (pink) EMAs are near each other, suggesting a potential short-term support level.

The 99-period EMA (purple) still indicates a longer-term downward trend, but the short-term outlook seems more positive. With a significant volume of 14.39 million LAYER traded in the last 24 hours, the price could potentially face resistance at around $0.78 in the coming days.

Given the current indicators, traders may want to monitor these levels for any breakouts or pullbacks.

#LAYERUSDT #CryptoTrend #PriceAnalysis #LayerCoin #MarketIndicators