#cetus even with this correction, we are very close to a significant rise following the trend of increasing values and rising trading volume at #sui .... being its main #defi protocol
#crv Curve's CRV token trend as of the close of October appears to be positive, with some signs of overbought. Here are the current key technical indicators:
### Current Technical Indicators for Curve's CRV Token:
#### Moving Averages: - **50-day Moving Average**: In a downtrend - **200-day Moving Average**: In an uptrend since September 28, 2024
#### Other Indicators: - **Stochastic**: Overbought signals, suggesting that CRV may be overvalued in the short term - **Momentum**: Bullish, indicating an increase in the speed and magnitude of price changes - **RSI (Responsive Growth Index) Relative Strength**: Above 70, suggesting overbought
### Likely Direction: Based on technical indicators, there are signs that CRV may face some correction in the short term due to overbought. However, the long-term trend still appears to be positive, especially with the 200-day moving average rising.
Historically, Q4 tends to be a bullish period for many financial assets, including cryptocurrencies. This positive seasonality is driven by several factors, such as new capital inflows into the market and general year-end optimism.
### Current CRV Thoughts: - **Long-Term Trend**: Positive, with the 200-day moving average rising. - **Short-Term Indicators**: Signs of overbought, possible correction. - **Seasonal History**: Q4 is typically bullish.
**Conclusion**: The long-term uptrend appears robust. Although short-term indicators suggest a correction, the usual fourth-quarter rally could act as a counterweight, maintaining or even boosting the CRV.
#btc Here is a technical summary of Bitcoin (BTC) currently:
- **Moving Averages**: The 50-day moving average is in a downtrend, while the 200-day moving average has been in an uptrend since September 28, 2024[](https://www.binance.com/price-prediction/bitcoin "1").
- **Stochastic**: The stochastic indicator is showing signs of overbought, suggesting that Bitcoin may be overvalued in the short term.
- **Momentum**: The momentum index is rising, indicating an increase in the speed and magnitude of price changes.
- **RSI (Relative Strength Index)**: The RSI is above 70, which also suggests that Bitcoin may be overbought.
**Probable Direction**: Based on technical indicators, there are signs that Bitcoin may face some correction in the short term due to overbought. However, the long-term trend still appears to be positive, especially with the 200-day moving average trending upwards.
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