$97.7 Million in ETH Liquidated as Long Positions Are Cleared Out
Massive Liquidations in ETH: In a rapid market downturn, $97.7 million in Ethereum (ETH) positions were liquidated within an hour, with $95.42 million stemming from long positions, highlighting the risks faced by leveraged traders.
Impact of Market Volatility: The event underscores the dangers of using leverage in crypto trading, as mass liquidations can exacerbate price drops and create a cycle of fear and volatility, urging traders to practice caution and effective risk management.
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Technical Analysis for GAIN
Technical Sentiment Analysis for Griffin AI (GAIN). As of , Griffin AI (GAIN) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GAIN 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, GAIN 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 $-.
Griffin AI (GAIN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00168 | -0.000829 | -0.0000791 | 0.000771 | 0.00152 | 0.00237 | 0.00312 |
| Fibonacci | -0.000829 | -0.000218 | 0.000159 | 0.000771 | 0.00138 | 0.00176 | 0.00237 |
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