Crypto Fear and Greed Index Rises to 28, Indicating Improved Market Sentiment
- Market Sentiment Recovery: The Crypto Fear and Greed Index has risen from 20 (Extreme Fear) to 28 (Fear) in the past 24 hours, indicating a subtle improvement in market sentiment, although still in the fear zone, suggesting a gradual recovery of investor confidence.
- Reduced Volatility: This change often reflects stabilizing market conditions, reduced volatility, or minor recoveries in crypto prices, indicating that while investors remain cautious, the panic seen in recent days is beginning to ease, potentially paving the way for future investment opportunities.
- Importance of the Index: The Fear and Greed Index aggregates various data sources, including market volatility and trading volume, to produce a score between 0 and 100, where lower scores indicate fear; today's rise to 28 marks a transition from extreme fear to moderate fear, hinting at a potential stabilization phase in the market.
- Investor Attention: While the move from 20 to 28 is not dramatic, it serves as an early signal that market sentiment may be turning; traders and investors often use this index as a contrarian indicator, where fear can signal buying opportunities and greed may suggest caution, leading many to watch if this upward trend continues.
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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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