Volume Attempts to Settle

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ETH is making an attempt at trending upwards after breaking above resistance, breaking below it slightly, and finding support. It’s followed BTC’s rally over the past few days. Volume has been settling a bit over the past day or so.

The MFI is attempting to swing upwards after trending downwards for a bit. The MACD is looking like it could continue to swing downward, but it’s also possible it could swing upwards.

The overall cryptocurrency market cap is currently at approximately $1.9 trillion with a volume of approximately $84 billion. BTC dominance is currently at 43.2% while ETH dominance is currently at 18.2%.

BTC tested resistance once more but was rejected. It’s found higher support, which could be a good sign. It’s very possible that under the right conditions, it could test once more. The MFI was testing overbought territory and is now trending downwards. The MACD is making an attempt at swinging upwards, however, it remains to be seen whether this momentum can be maintained. Volume has settled in BTC’s trading volume over the past day or so.

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