NFT ecosystem attempts a bounce back amid bearish market sentiment
Supporting the uptrend, the number of NFT holders grew 32.24% over the past three months, as evidenced by data from NFTGo. Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. However, despite the enormous losses suffered by NFT investors following the ongoing, 10-month-long bear market, the ecosystem showed sustainable signs of a comeback in the last two weeks.Since Sept. 12, the performance of blue-chip NFT collections witnessed a steady growth,....
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Dogecoin is still facing a lot of bearish pressure amid the market decline, but with the price still fighting to hold the $0.2 support level, there is still the possibility of a bounce from here. There is also the fact that the meme coin seems to be following a trend that has been seen in […]
In last week’s post we concluded with the following statement: As you can see last Sunday we were very Bearish at a time when price had rebounded from around US$320 to US$330. In hindsight, the bounce had a little more legs in it than initially expected, but as the primary view explains, the overall picture will remain Bearish according to the charts as long as we stay below US$400 and most like US$420. We have now turned Bearish across all time frames. Until proven otherwise any bounce is expected to just be new lower high until we can get back above US$420. What we thought was a nice....
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