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Market picture The total capitalisation of cryptocurrencies has declined by almost 2% to $1.54 trillion in the past 24 hours. This is still a move in the opposite direction relative to the US and European indices, which are rising. Given that the current year is marked by impressive growth in cryptocurrencies, profit-taking looks like a […]

The post Crypto Continued Retreat appeared first on Action Forex.

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20/08/2024

As Crypto Market Tests Resistance, Solana Eyes Support

The cryptocurrency market is once again testing the important $2.15 trillion milestone, adding almost 4% in the last 24 hours. Selling pressure has been building near this level since early August. Now, thanks to the impressive recovery in stock indices, cryptocurrency buyers may feel more confident. Bitcoin, having added 3.2% since the start of the […]
19/03/2024

Will GBPJPY Enter Territories Last Seen in 2015?

GBPJPY trades higher and hits resistance near 191.30 Remains in uptrend despite BoJ decision MACD and RSI detect positive momentum For the outlook to change, a dip below 187.95 may be needed GBPJPY traded higher yesterday, but hit resistance near the 191.30 barrier today, marked by the high of February 26, and pulled back somewhat. […]
29/04/2024

USDJPY Wave Analysis

USDJPY broke key resistance level 155.00 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke the key resistance level 155.00, which led to the acceleration of the active impulse waves 3 and (3). The pair earlier broke the major resistance level 151.25 (which has been reversing the pair from 2022) – which […]