The post Top Crypto to Buy Now as Ripple XRP is Experiencing Greater Selling Pressure XRP`s situation is becoming more and more measurable. Currently, the token is testing a trend line support level. If this line is breached, it could lead the token to a new level of rapid decline. The market is displaying a 27% growth in trading volume over the past 24 hours, representing almost 5% of its circulating market cap. This volume growth is generally a sign of increased selling pressure as opposed to increased buying of the asset. The decline of this open interest leads to the conclusion that market participants are closing their contracts and leaving the active trading of the asset, and that they see limited upward potential in the short term. In the highly unusual situation that a support level holds, the token could trade higher in short time as a result of positive technical market action. However, the overall structure remains weak, as this flat price action is unlikely to lead to a sustained technical recovery. This continuing market condition is likely to lead to many market participants.
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Dogecoin’s Unexpected Turn and the Role of Strategic Movements
The post Dogecoin’s Unexpected Turn and the Role of Strategic Movements appeared com. The recent price drop of Dogecoin from $0. 160 to $0. 149, slipping past the important $0. 155 support level, has sparked intrigue among market participants. For the first time in half a year, Dogecoin’s exchange inflows have become positive, indicating a potential stabilization despite continuing sale pressures. Continue Reading: Dogecoin’s Unexpected Turn and the Role of Strategic Movements Source:.
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