Here Are 6 Things Cryptocurrency Traders Should Keep On Their Radar In The Days Ahead

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Aug 18 2024

NAKA-1.97%

BTC+2.269%

ARB-1.598%

Should l Buy NAKA?

Upcoming Market Influences: Key events such as the release of FOMC minutes on August 21 and major token unlocks for Avalanche on August 20 are expected to significantly impact Bitcoin and other cryptocurrencies' prices and market sentiment.
New Developments in Staking: The launch of Babylon's Bitcoin staking protocol, the introduction of liquid staking for Arbitrum's ARB token, and a new staking model for Nakamoto Games' NAKA token highlight ongoing innovations in decentralized finance (DeFi) within the cryptocurrency space.

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Technical Analysis for NAKA

Technical Sentiment Analysis for Nakamoto Games (NAKA) As of , Nakamoto Games (NAKA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for NAKA 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, NAKA 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 $-.

Nakamoto Games (NAKA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0393	0.0531	0.0633	0.0771	0.0873	0.101	0.111
Fibonacci	0.0531	0.0623	0.068	0.0771	0.0863	0.092	0.101

About NAKA

Nakamoto Games is a play-to-earn gaming platform offering multiple fun and addictive crypto games. The platform will bring massive earning opportunities to both gamers and non-gamers as we expect crypto gaming will continue to grow.We aim to attract both gamers and game developers. Developers will also have the tools to launch and monetize their own gaming creations on the platform. We are building an entire ecosystem for play-to-earn games, not just a single game. Nakamoto Games itself is releasing new play to earn games on a frequent basis. Gamers will always have new releases to choose from, it never gets boring. On top of the in-house releases, third party developers are incentivized to plug-in their games via our SDK and increase the number of games launched on our platform.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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