Exchange tokens bounce off key levels of support while COIN searches for direction

Exchange tokens bounce off key levels of support while COIN searches for direction

A lot of hype was built up before Coinbase listing on Nasdaq on April 14th and several cryptocurrencies rallied ahead of the event.

However, traders usually buy the rumor and sell the news. In this case, they bought up to the event, and then they seem to have multiple investors booked Win aggressively. This resulted in a correction in several major cryptocurrencies, including (BTC).

Day view of crypto market data. Source: Coin360VORTECS ™ Score (green) vs. BNB price. Source: Cointelegraph Markets ProBNB / USDT daily chart. Source: TradingViewFTT / USDT daily chart. Source: TradingViewHT / USDT daily chart. Source: TradingViewOKB / USDT daily chart. Source: TradingView

Read on on Coin Telegraph

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