Cryptocurrency Market Review for October 16, 2024
Active Addresses:
The growth of active addresses, especially weekly ones, indicates an increase in market activity, which may support the current positive dynamics.
Conclusion:
âą Growth: About 40%, likely continuation of the upward movement in #BTC, supported by the inflow of capital.
âą Correction: 30%, possible local decline against the background of overbought conditions (especially #BTC), as well as a high greed index.
âą Consolidation: 30%, likely establishment of a sideways movement in case of a decrease in activity in altcoins and maintenance of the price level in #BTC.
#Bitcoin #Ethereum #Solana #BNB #CryptoMarket#RSI
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