Crypto Fear & Greed Index Drops to 20, Indicating Prolonged Market Anxiety
- Deteriorating Market Sentiment: The Crypto Fear & Greed Index has plummeted by five points to a reading of 20, firmly entrenched in the 'Extreme Fear' zone, indicating a significant deterioration in investor psychology that may lead to further selling pressure.
- Historical Context: The index has previously reached similar or lower levels during major market downturns in 2022 and the 2020 liquidity crisis, often signaling maximum pessimism that is typically followed by stabilization and recovery, although the timing varies significantly.
- Investor Behavior Shift: The current state of extreme fear has prompted investors to move assets into cold storage, reflecting anxiety about the market and a tendency towards long-term holding rather than active trading, which may impact market liquidity.
- Technical Support Testing: Major cryptocurrencies are testing key support levels, and a break below these could trigger automated selling, further exacerbating market panic, illustrating the interplay between technical pressures and fundamental uncertainties.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT). As of , Momentum (MMT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for MMT 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, MMT 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 $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0569 | 0.0846 | 0.109 | 0.137 | 0.161 | 0.189 | 0.213 |
| Fibonacci | 0.0846 | 0.104 | 0.117 | 0.137 | 0.156 | 0.169 | 0.189 |
About MMT
About the author
