Today’s cryptocurrency market is showing a decline, as shown by the red heat map. Bitcoin (BTC) is down -1.32% and is trading at $63,235.54, while Ethereum (ETH) is down -1.81% to $2,700.44. Solana (SOL) is also showing negative dynamics, down -0.31% to $159,672.
📈 Top 100 cryptocurrencies:
• The LEO token showed the largest growth over the past 24 hours.
• TON fell the most, losing -4.97%.
Technical indicators:
• The Fear and Greed Index fell to 48, indicating neutral sentiment among investors, with caution prevailing.
• RSI (Relative Strength Index) shows an average value of 52.59, which also indicates volatility in the market. Some assets, such as AVAX, are approaching the overbought zone.
On-chain data:
• Bitcoin dominance remains at 55.03%, highlighting its significant influence on the entire market.
• A decrease in trading volumes for most assets indicates a possible continuation of the bearish trend in the short term.
Conclusions: 😱 The market is currently in a correction phase, and current indicators show a weakening of buying activity. 💬 Caution is recommended when entering new positions. This is especially true for assets such as AVAX, which may be approaching overbought. 👉 Closely monitor further market developments, especially in the context of possible corrections in Bitcoin and Ethereum.
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