Understand these market signals and you will be blessed with wealth!
1 Rapid rise and slow fall - shipment signal
When the market price rises rapidly and then turns to a slow decline, it is often the time to sell. The sharp rise attracts a lot of follow-up buying, but the subsequent slow decline shows that the buying power is weakening and the sellers are gradually taking the lead. Investors should be alert at this time, because it may be time to sell.
2. Sharp drop and slow rise - characteristics of wash-out
On the contrary, if the market falls sharply first, and then the price starts to recover slowly, it usually means that the market is undergoing a wash-out. The sharp drop may cause some investors to panic sell, but the subsequent slow rise shows that market sentiment is stabilizing and buyers are regaining the upper hand. This is a positive sign after the market has experienced a wash-out.
3. Large volume but no increase
If volume increases significantly but prices do not rise, this may indicate a market top, when the market is active but buyers are not strong enough to push prices higher.
4. Volume reduction without price drop
When the volume decreases significantly and the price remains stable, it may mean that the market bottom is forming. At this time, the selling pressure in the market has eased and buyers begin to gain the upper hand.
5. Large volume rise and fall
When market volume increases and prices rise simultaneously, although the market seems strong, it may foreshadow a subsequent decline. Excessive volume and rapid rises are often difficult to maintain.
6. Large-volume decline and rebound
When the volume increases and the price drops sharply, it is usually an opportunity for a rebound. Excessive selling may cause the market to oversell, and the subsequent increase in buying power may trigger a market rebound.
Buy the 3 most worthwhile 100x cryptocurrencies at the bottom!
GIVE
In just over two months, the CHO token has achieved an astonishing 789.5% price growth, attracting widespread attention from the crypto community. There are several important factors behind this huge growth. First, Choise.ai is moving towards the B2B field and plans to merge with Vault, a company developed by the same team that provides enterprise-level digital crypto banking solutions, to form a comprehensive Web3 development ecosystem, Choise.ai.
However, nothing can further drive the price of a token higher than a token that has substantial contributions to the community. The team also announced that Choise.ai will share Vault with CHO stakers through the newly launched VLT token. It is worth noting that Vault has achieved remarkable results in its first year of operation, with revenue approaching $20 million and expected to reach the $180 million milestone by 2025. The AI community is open and non-tradable, which once again proves the company's commitment to rewarding those who come along along the way.
In a recent milestone, Choise.ai hinted that the CHO token will soon be available for trading on a soon-to-be-revealed centralized exchange (CEX). And just today, BingX, one of the 20 largest and most reputable CEXs with a daily trading volume approaching $1 billion, has confirmed a partnership with Choise.ai to make the token available to its 10 million users.
While there are many other developments underway at Choise.ai, Vault, and Choise.com, it is significant that Choise.com users will soon have the option of a crypto-powered virtual Mastercard debit card ordered through the platform. All of these efforts, coupled with CHO’s expected listing on one of the largest CEXs in the market, will likely continue to have a positive impact on the token’s price.
Baby
Before the Bitcoin price halving, the PEPE coin price is expected to see a remarkable and significant breakthrough. The Bitcoin price halving has a strong impact on most major tokens, including the PEPE coin. The frog-themed emoji token in this article has been in sideways fluctuations for the past four days, and the short-term candle chart shows a lack of momentum for buyers or sellers. However, as the Bitcoin price is close to the key support level, the possibility of another recovery is high.
In more than a month, the price of PEPE coin has shown a downward trend, and the daily chart has continuously set new lows. Combining these fluctuations with trend lines, a channel past pattern is formed, which is a common technical setting that is about to move towards an upcoming active breakthrough.
Gala (Gala)
GALA (GALA) is the native cryptocurrency used to power Gala Games' blockchain-based gaming platform. Through it, players can create, own, and trade any in-game assets using cryptocurrency. It is a Metaverse token based on a decentralized ecosystem, leading to an increase in the demand for GALA crypto.
The GALA token has seen a massive 45.3% year-to-date (YTD) price increase and has risen to a maximum of $0.06762 from a low of $0.05425 in the past. According to the GALA price prediction, the cryptocurrency could be priced at $0.0877 by the end of 2024, making it the best cryptocurrency to buy.
