Bitcoin Market Volatility: Today's Top 5 Gainers and Losers

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 3 days ago

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Leading Gainers: HONEY led with a +5.26% increase to $0.002, supported by a 24-hour trading volume of $581.31K, indicating active trading within a specific community despite overall market consolidation.
NFT Infrastructure Recovery: IMX rose by 4.97% to $0.1447, backed by a robust $19.1 million in volume, signaling renewed interest in the NFT infrastructure sector, potentially attracting more investor attention.
Decline Analysis: AST experienced the largest drop at -2.78% to $0.007, with a low trading volume of $20.83K reflecting limited liquidity, while TRADOO's -2.61% decline occurred alongside a substantial $91.39 million volume, indicating a broad-based sell-off.
Stable Market Sentiment: The overall stability of Bitcoin's price provided a neutral backdrop, allowing individual project performances to be driven by factors such as development updates and partnership announcements, showcasing the market's dynamic equilibrium.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC 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, BTC 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 $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	60150.207	63941.108	68456.197	72247.098	76762.187	80553.088	85068.177
Fibonacci	63941.108	67113.997	69074.21	72247.098	75419.987	77380.2	80553.088

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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