Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
RSI Overview
How to Use Relative Strength Index(RSI) in Crypto Trading
As a cryptocurrency investor, it is essential to leverage every tool available to maximize profits. However, price evaluations can be difficult to predict, particularly in the cryptocurrency market, with over 20,000 cryptocurrencies. The Relative Strength Index stands as one of those solutions a crypto trader needs, which operates as an indicator that measures the price change of an asset. The momentum oscillator is a brilliant formula from John Welles, who sought to introduce a visual representation of market shifts. RSI…
4 years ago