Crypto Market Status - 15th May

Not much has changed during the last 24 hours.

We are still in a consolidation/sideways channel. Even Powell's speech didn't spark much volatility.

At the same time, trading volume has been constantly declining on all exchanges. #Binance for example, is back at the volume it was in October last year.

Overall, this is typical for a consolidation phase. Many people leave the market because they get impatient or panic sell when volatility kicks in.

On the other hand, the quieter it gets, the more likely a sudden pump/dump will occur. Calm before the storm.

Looking at the trade signals, we remain low, with only 13 signals on the daily chart. Bears are in control while #bullish signals remain at the lowest possible level.

Tokens to watch today:

- $TRB — Continuing to battle a major support line

- $PEPE — More upward potential or correction?
- $BTC — Well, it's a must-watch on any day.

Happy trading!