All cryptocurrencies are in an overbought phase; let's see w | kizoki _Yz on Binance Square

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All cryptocurrencies are in an overbought phase; let's see what happens next.👀
#MtGoxRepayments #BinanceLaunchpoolDOGS #PowellAtJacksonHole #CryptoMarketMoves #BinanceBlockchainWeek 
$BTC $ETH $BNB 

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$MANTA /USDT ANALYSIS 1.Current Price: The current price is around 0.710 USDT, showing a slight increase. 2.Resistance and Support Levels: •High Resistance: There’s a notable resistance at around 1.111 USDT, marked as a “High short liquidation” zone. This indicates that if the price approaches this level, it may face selling pressure from traders looking to close their short positions. •Support Levels: Key support levels are around 0.559 and 0.551 USDT, with a major low at 0.362 USDT, serving as stronger support if the price declines further. 3.Price Channel: •The price is moving within a descending channel (shown by green trendlines), which often indicates a bearish trend until a breakout occurs. 4.Stochastic RSI: •The Stochastic RSI is currently at moderate levels (K: 35.44, D: 22.69), suggesting that the asset is not overbought or oversold at the moment. However, the RSI may indicate potential upward momentum if it moves above 50. ▫️Summary: MANTA is trading within a descending channel, showing resistance near 1.111 USDT and support around 0.559-0.551 USDT. A breakout from this channel would be essential for a potential trend reversal. Traders might watch for a potential breakout or breakdown, with the Stochastic RSI showing room for movement either way. #BinanceBlockchainWeek #TIATokenUnlock #BTCBreak71K #USJoblessClaimsDip

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