Crypto YouTube Viewership Hits Lowest Level Since January 2021
- Viewership Decline: Over the past three months, crypto-related YouTube channels have seen viewership drop to its lowest level since January 2021, indicating a significant decrease in market interest that could adversely affect content creators' revenues and platform ad earnings.
- Social Media Trends: ITC Crypto founder Benjamin Cowen noted that the decline in views is not limited to YouTube, as similar trends are observed on microblogging platform X, suggesting an overall decrease in engagement in the crypto market that may further undermine investor confidence.
- Retail Investor Fatigue: Content creator Jesus Martinez highlighted that retail investors are exhausted from pump and dump schemes, with many pivoting to other investment areas like precious metals, reflecting disappointment in the crypto market that could lead to long-term capital outflows.
- Shifting Social Sentiment: Despite the viewership drop, Santiment reported that social sentiment towards Bitcoin is gradually improving, particularly around the crucial $90,000 level, indicating that some investors remain optimistic about the market, potentially laying the groundwork for future rebounds.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X 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, X 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 $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000594 | 0.0000089 | 0.0000115 | 0.0000145 | 0.000017 | 0.00002 | 0.0000226 |
| Fibonacci | 0.0000089 | 0.000011 | 0.0000123 | 0.0000145 | 0.0000166 | 0.0000179 | 0.00002 |
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