The cryptocurrency market is experiencing noticeable volatility in recent hours, with prices moving between limited recovery attempts and increasing selling pressure. Despite technical indicators showing signs of relative stability, the overall mood of investors tends to be cautious, especially amid rapid changes in liquidity levels.
General Trends
Major currencies: They record noticeable fluctuations between support and resistance levels, with a slight tendency towards decline due to short-term selling pressures.
Alternative currencies: Some are trying to take advantage of temporary rises, but momentum often declines quickly due to a lack of sufficient buying power.
Small market cap currencies: They are witnessing sharp movements in short periods, reflecting a dominance of quick speculation over long-term trading.
Technical Indicators
Nearby support levels remain somewhat resilient, but they are being tested frequently.
Momentum indicators like RSI and MACD indicate that the market is approaching selling pressure zones, with the possibility of a short-term rebound if the decline continues.
Trading volumes have gradually decreased after temporary spikes, reflecting a waning risk appetite among traders.
Summary
The market is currently moving within a sideways range leaning towards negativity, as it tests important support levels that may determine its direction in the coming days. Maintaining liquidity, avoiding emotional decisions, and monitoring key resistance levels remain essential factors for dealing with the current phase.
