Cryptocurrency Market Declines Broadly, BTC Drops to $90,577.18
- Market Decline: As of January 10 at 11:00 a.m. KST, major digital assets broadly declined, with Bitcoin (BTC) down 0.43% to $90,577.18, indicating weak market sentiment that could impact investor confidence.
- Ethereum Underperformance: Ethereum (ETH) fell 0.51% to $3,086.02, reflecting increased risk aversion among investors towards mainstream cryptocurrencies in a declining market, which may lead to reduced liquidity.
- Increased Volatility: Among the top 100 cryptocurrencies, Polygon (POL) recorded the largest gain of 15.66%, while Midnight (NIGHT) posted the steepest decline of 10.93%, highlighting the market's high volatility and shifts in investor risk appetite.
- New Listings: New cryptocurrencies listed on CoinMarketCap within the past 24 hours include Moonbirds (BIRB), Zama (ZAMA), Metapass (MPX), and AlphaPride (ALPHA), suggesting that despite the overall market downturn, new listings may provide fresh opportunities for investors.
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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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