A possible upcoming upward step as a single measurement that tracks the activity of green encryption traders
New data from the Market Intelligence Santiment platform indicates that the digital asset industry may be ready for an upward movement.
On a new topic on the social media platform X, Santiment He says Historically, when stablecoins activity rises when the encryption prices are low, investors are ready to start the accumulation of assets.
“Tether’s activity has risen on the series rapidly, as more than 143,000 portfolios performed transport operations yesterday (height for six months). When USDT (Tether) extends other Stablecoin activity screws during low prices, traders are preparing to buy. Added the purchase of aid in encryption prices.”
However, according to Crypto Analytics, the enthusiasm for digital assets decreaseA sign that investors have become more cautious. Santiment says that once the trading volume and prices increase at one time, it will be a real sign that the market is recovering
“When the trading volume is constantly decreased by the major encrypted currencies, even while recovering simple prices (as we saw on Wednesday), it usually indicates a decrease in trading enthusiasm. In this scenario, merchants have become cautious, indicating that they may not think that the current upward price movements will continue …
The volume of weak trading can be in moderate prices as an early warning mark on the weak market momentum. Without a strong purchase sharing, Steam’s price gains can quickly lose, as there is not enough support to maintain the upward trend …
To indicate a more healthy and more sustainable recovery, the bulls will generally want to see high prices and high sizes at one time. Until the trading activity increases useful, it is likely that the morale of the market is likely to dominate. “
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Disclosure: The views expressed in Daily Hodl are not an investment advice. Investors must do due care before making any high -risk investments in bitcoin, cryptocurrency, or digital assets. Please note that your transfers and trading on your own responsibility, and any losses you may bear are your responsibility. Daily Hodl does not recommend buying or selling any encrypted currencies or digital assets, and Hodl Daily Andersor is an investment. Please note that the daily Hodl participates in dependent marketing.
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