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Cryptocurrencies in consolidation: discover two promising bets
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The market for cryptocurrencies maintain their characteristic volatilityattracting the attention of traders and investors amid unstable trends.
Currently, the total market value of cryptocurrencies is US$3.43 trillionwith a drop in 1.4% in the last 24 hoursreflecting a moment of consolidation and uncertainty. However, amid this scenario, two cryptocurrencies present technical signals that may indicate buying opportunities: Automata Network (ATA) and Secret Network (SCRT).
THE Automata Network (ATA) stands out in the short and medium term, supported by technical indicators that point to bullish momentum. ATA’s relative strength index (RSI) in 12 hours is 60.32 and in 24 hours is 59.58well above the market average, which is in 42.02. These numbers indicate positive momentum and potential for immediate gains.
Furthermore, ATA Displays Buy Signals consistent in the main ranges of the simple and exponential moving averages of 10, 20 and 50 periods. The MACD oscillator reinforces this outlook, pointing to further upside potential.
With current price of $0.16ATA had an increase of 4.11% in the last 24 hours, according to data from CoinMaketCap.
Another cryptocurrency that draws attention is Secret Network (SCRT)with robust technical indicators that suggest a continuation of its uptrend. The RSI of 12 hours is 63.32 and that of 24 hours is 59.37significantly surpassing the market average. These numbers reflect growing strength in a neutral sentiment environment.
Buy signals are also consistent across 13 moving averages in key ranges, reinforcing underlying support for SCRT. Currently listed at $0.48the cryptocurrency registered an almost 9% in the last 12 hours.
While the market as a whole exhibits neutrality, the technical strength of ATA and SCRT positions them as promising alternatives for traders seeking short- and medium-term gains. However, it is important to remember that the inherent volatility of the market can quickly influence its trajectories.
Investors are advised to carry out detailed research and align your investment decisions with your financial goals and risk tolerance.
Cryptocurrencies in consolidation: discover two promising bets
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Cryptocurrencies in consolidation: discover two promising bets
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Cryptocurrencies in consolidation: discover two promising bets
