An interesting statement, considering that the S&P 500 has already lost $5 trillion since February 19th. This is the strongest drop in the index since 2022, when there was a bear market.
Maybe he was referring to the real estate markets in Dubai? 😅
After a violent drop, the price of CRO is back on an important support at $0.07. This is where the bulls must react to have a new bullish period!
👉 sector: Layer 1 👉 weekly situation: on a key support
Moving on to the technical analysis:
➡️ bullish signal: staying above the support and the closing low at 0,067$ + bouncing above the moving averages (EMA13/MA30) + closing above 0,11$ + bullish momentum (stochastic coming out of the oversold zone) ➡️ possible targets: 0,18$ / 0,245$ / $0.4 ➡️ invalidation: closing below $0.067
💸 Investors are choosing Bitcoin!\n\nLast week, the Bitcoin price validated a negative close below the threshold of $70,000.\n\nAnd yet, investors are present: + $230 million in crypto investment products 🚀\n\n4th consecutive week with inflows\n\n📊 It is interesting to note that Ethereum has been neglected (- $27.5 million) and here are the assets that have captured capital: \n\n👉 + $220 million for Bitcoin\n\n👉 + $3 million for XRP\n\n👉 + $17 million for Solana\n\n👉 + $4.6 million for Chainlink \n\n$BTC $SOL $XRP \n\n\n\n\n
➡️ bullish signal: stay above $1.65 at close / rebound above moving averages (EMA13/MA30) / break of the bearish trendline / close above $2.7 / bullish momentum (break of the trendline on the RSI)
$IOST is trading inside a strong downtrend and is currently testing the $0.00107–$0.00118 demand zone. Price is also approaching the descending trendline, making this a key decision area. A breakout above the trendline could trigger a relief move toward $0.00160 resistance. However, if the demand zone fails, the bearish trend may continue to new lows.
Bittensor (TAO) recorded an impressive increase last week. The price rose by more than 55%. And it may not be over for this asset which managed to return above the support level at $200...
👉 sector: artificial intelligence (AI) 👉 weekly situation: in correction
Let's move on to technical analysis:
➡️ bullish signal: maintaining support and $144 at close + moving beyond the moving averages (EMA13/MA30) + closing above $300 + bullish momentum (break of the trendline on the RSI)