Relative support: Positive performance over the last 7 and 30 days, and the daily MACD is positive at 0.0391.
Near-term pressure: A decline over the last 24 hours, with the daily RSI at 67.41, alongside net negative flow of large orders.
The attached report mentions the opening of 21.7 million SUI on October 1, which may increase sell pressure.
Summary: There is medium-term strength, but the risks of a short-term pullback are high; the indicators are not a guarantee of an upward move.
For informational purposes only, not investment advice. Crypto assets are highly volatile; do your own research and consider your risk tolerance.#BitwiseLaunchesFirstSpotNEARETF #BitMineETHHoldingsTop6Million
Near-term pressure: A decline over the last 24 hours, with the daily RSI at 67.41, alongside net negative flow of large orders.
The attached report mentions the opening of 21.7 million SUI on October 1, which may increase sell pressure.
Summary: There is medium-term strength, but the risks of a short-term pullback are high; the indicators are not a guarantee of an upward move.
For informational purposes only, not investment advice. Crypto assets are highly volatile; do your own research and consider your risk tolerance.#BitwiseLaunchesFirstSpotNEARETF #BitMineETHHoldingsTop6Million
