The crypto market takes a break from its decline
Market overview
The crypto market rebounded by about 1% to $3.13 trillion, with a cautious attempt at stabilisation after a series of declines over several days. In the short term, there are some signals for a local rebound within the downward trend. However, there are still too few signs of a full-fledged recovery of the bullish rally.
The sentiment index rose to 15. This is still extreme fear territory, but higher than the levels of the previous two days. According to the creators of such indicators, low values provide an opportunity for the bold to buy at a lower price. However, experience suggests that it is wiser to wait for the indicator to exit the extreme fear zone, as the downtrend may continue even with a moderate improvement in…
