Whale Orders Return to BTC, Establishing Price Floor
- Price Floor Established: Whale orders have returned, creating a price support range for BTC between $86,000 and $87,000, while selling pressure above $90,000 indicates cautious market sentiment.
- Weakening Trading Volume: BTC trading volumes remain low, with the fear and greed index dropping to 29, reflecting a fearful market outlook and investor uncertainty about future price movements.
- Whale Activity Analysis: Although whale activity has increased, large-scale buying and withdrawals are occurring less frequently, suggesting that current accumulation is more aligned with long-term holding rather than short-term speculation.
- Lack of Confidence in Derivatives Market: BTC derivative trading open interest remains sluggish at $27 billion, with historical data indicating a recovery period of three to six months, highlighting a lack of confidence in a significant rally in the current market environment.
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Technical Analysis for FOMO
Technical Sentiment Analysis for FOMO (fomo.fund) (FOMO) As of , FOMO (fomo.fund) (FOMO) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FOMO 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, FOMO 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 $-.
FOMO (fomo.fund) (FOMO) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000139 | 0.000003 | 0.00000479 | 0.0000064 | 0.00000819 | 0.0000098 | 0.0000116 |
| Fibonacci | 0.000003 | 0.0000043 | 0.0000051 | 0.0000064 | 0.0000077 | 0.0000085 | 0.0000098 |
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