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With its bullish structure now invalidated, those looking for long positions will need to eye support levels at $2.44 and $2.2. Should the crypto market remain bearish (with BTC having a probability of revisiting $60-62K), these levels are likely to come into play.
Decentraland stands out with its unique trading experience because it operates as a blockchain-based cryptocurrency that models itself as a “world owned by users.”
Online factors exhibit stronger relationships in the long term, and such relationships were found to be consistently positive. The long term positive relationships suggest long term price trends are linked with online activity. This is an intuitive result, given that successful cryptocurrencies are likely to have active communities; as the community grows, so does belief in the cryptocurrency, and vice versa.
We’ve assembled one of the finest teams of cryptocurrency experts in the world, ready to deliver sharp cryptocurrency analysis to your screen…
Metals fund manager laments ‘zero interest in our strategy’ while bitcoin hits new record
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Dogecoin (DOGE) turned down from $0.29 on Nov. 8, indicating selling on rallies. The price has dipped back to the 20-day EMA ($0.26), which is an important support to keep an eye on.
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Meanwhile, concerns were also mounting on Oct. 21 that leveraged traders have taken on more risk than they can chew.
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One finding based on the CivicScience study showed that around 11% said they or someone they know have resigned from their jobs due to crypto trading.
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