Coming back from a partial recovery in the global cryptocurrency market, which is now worth $2.48 trillion and up 1.6% over the last day, we can see that many digital currencies have gone into resale mode. This could be a sign that the market is under excessive selling pressure, which could suggest an opportunity for "buy-and-crash" or buying active during the price drop. Recently, the sharp drop in the value of cryptoassets has led to an intense decline in the value of cryptoassets, causing some of them to be in the oversold zone. Such a mode is usually characterized by the predominance of trading among sales instead of buying, which suggests that the next movement may be the opposite - corrective to the previous price decline.
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The essence of the information remains the same: Despite the partial stabilization of the #cryptocurrency market ($2.48 trillion), which grew by 1.6% in the last 24-hour period, most #cryptocurrencies went into oversold mode, which can serve as an indicator of future price fluctuations - both new lows and a reverse (corrective) wave are possible. During the downturn, many assets were reset to the resale level, where the number of sales traditionally prevails over purchases, but this is usually a precursor to the subsequent growth of values.
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