Crypto Daybook Americas: Bitcoin Bull Postings Lift Spirits
Cryptocurrency Market Update: Bitcoin has seen a price increase to over $98,000, driven by positive sentiments from notable figures in the crypto community, while major altcoins like Cardano and Ethereum also experienced gains. Institutions are reportedly buying up ether despite bearish analyst predictions.
Regulatory Developments and Economic Outlook: A U.S. Senate bill to regulate stablecoins could enhance demand for U.S. Treasuries, while macroeconomic factors such as potential changes in Treasury yields and jobless claims data may impact risk assets including Bitcoin.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK 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, BANK 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 $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0104 | 0.0191 | 0.0263 | 0.035 | 0.0422 | 0.0509 | 0.0581 |
| Fibonacci | 0.0191 | 0.0252 | 0.029 | 0.035 | 0.0411 | 0.0449 | 0.0509 |
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