The price is currently hovering near the support level, signaling possible volatility ahead. A drop below $0.1989 could trigger further declines, while a move above $0.2076 may indicate the start of a bullish trend.
Market Performance:
Last Price: $0.2028
Previous Price (24h): $0.2029
24h Price Change: -$0.0005
24h Trading Volume: $13,708,409.27
GMT Turnover (24h): $2,807,552.55
The trading volume shows a healthy level of market activity, though the slight price decrease reflects some selling pressure.
Whale Activity:
Long Positions: 2,066,110
Short Positions: 1,037,924
Long/Short Ratio: 2.0 : 1
The significant dominance of long positions suggests a bullish outlook among larger traders.
Cash Flow:
Inflow: $13,988,542
Outflow: $13,562,410
Net Flow: $426,132
The positive net cash flow signals more capital entering the market than exiting, supporting bullish momentum.
Market Sentiment:
The Fear & Greed Index stands at 76, indicating "Extreme Greed." While this reflects strong bullish sentiment, it also raises the risk of market corrections.
Conclusion:
While the GMT market is seeing a slight dip, it remains above the $0.1989 support level. Whale activity and positive cash flow point toward potential upside if resistance at $0.2076 is broken. However, extreme market greed suggests caution, as corrections could follow such conditions.