Just as the title says, I just wanted to know if I could have more insight and clarification as to what is causing the entire crypto market to be moving upwards, as of recent as least.
Any reason why the crypto market is trending upwards so quickly?
byu/Immediate-Way-1700 indogecoin
Posted by Immediate-Way-1700
15 Comments
becuzzzzzzzzzzz gawd its so obvious
fear and greed index is a great thing to be aware of
Momentum, macro, liquidity cycling
Speculation of a rate cut.
Because why not??? Duh.
Don’t you just love all of the really constructive responses you get on crypto subs?
Most likely due to a 90% certainty on rate cut next Wed. Just look at the stock market, crypto market is just playing catching up.
Market maker institutes just flushed out most long positioning liquidity.
it is q 4 so it got every reason to make final push
Probably because the USD is likely to collapse soon.
Study crypto market cycle.
People are just throwing random words but here’s a good explanation.
1) DOGE ETF was supposed to go live this past Thursday. However, at the last minute it got pushed out till next week.
2) Support: Since March, there hasn’t been selling pressure at .1435. We’ve bounced 3 times at that level.
3) CleanCore plans to buy 1 billion DOGECOIN within the next 30 days. They already bought 1/5 of that.
4) We broke through a diagonal macro resistance that started since December of last year. Breaking through macro resistance usually follows a large push to the upside.
Market does market things
Paperhands have been shaken off, so it’s time to follow the money printer again.
No one really knows