Coinbase Claims October Selloff Was a Reset Rather Than a Cycle Peak
October Sell-off as a Reset: The Coinbase report suggests that the sharp sell-off in October was not the end of the crypto market cycle but a necessary reset that cleared excessive leverage and strengthened core fundamentals.
Institutional Rotation and Focus: Instead of fleeing the market, institutions are shifting their investments towards quality projects, particularly in Ethereum Virtual Machine (EVM) chains, real-world asset (RWA) tokenization, and sustainable yield DeFi protocols.
Structural Demand Amid Macro Risks: Despite ongoing macroeconomic uncertainties, there is a notable structural demand from institutions for crypto exposure, particularly in compliant and yield-generating assets, indicating a maturing market.
Future Outlook: The report emphasizes that the current environment is more about building a robust foundation for the next market cycle rather than capitulation, with a focus on infrastructure and compliance rather than speculative hype.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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