RATE Group | Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: …
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Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: …

08 Oct Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Cardano, Monero, TRON: …

Posted at 21:28h in Ethereum News by

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The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

The total trade volume of the crypto market has plummeted. This shows that the current owners are not willing to sell at the current prices. At the same time, the potential investors who are sitting on the sidelines don’t believe that it’s the right time to jump in.

This state of equilibrium is unlikely to last for long. Soon, one of the parties will be caught on the wrong foot.

If the cryptocurrencies break down of the critical support levels, investors might begin panic selling. Conversely, if the prices break out to the upside, those who are sitting on the sidelines will be likely to buy or miss out on the rally. This will draw more investors fuelling the upward move.

The forthcoming events…

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