While bullish expectations were high, a rally is not necessarily guaranteed hence traders should still exercise caution in case of extended downside. Unlike traditional stock markets, cryptocurrencies do not have earnings reports or 10-Ks. It bounced by as much as 26% the last time it dipped into oversold territory. By collecting social and market activity for over 4000+ cryptocurrencies and 300+ NFT projects, LunarCrush can help you identify deviations in ongoing. Judging by these findings, we can conclude that there was a prominent probability of a sizable bullish bounce. Its social dominance also registered its highest weekly peak in the last 24 hours, confirming that it was indeed receiving a lot of attention. A look at OP’s on-chain volume revealed that it has been growing towards the end of May, with its weekly peak in the last 24 hours. A bearish sign called a death cross forms when the 50-day MA crosses the 200-day MA from above. Those financial backers who had the prescience (or the fortune) to become tied up with bitcoin in its soonest days and afterward clutched the cryptocurrency. While the current expectations were bullish, traders should also note that OP’s 50-day moving average was approaching its 200-day moving average. In other words, the token was in a position that many would consider a potential buy zone. Lunar Crush retains the lager fermentation behavior of its parent strain but adds a twist of tropical fruit flavor, creating lagers unlike the classics we’ve come to know over the years. Its press time RSI position also underscored a bit of price-to-RSI divergence. We’re celebrating Pride Month in a big way at our Beer Hall this June, with events, beer, t-shirts, etc. More Recent News Pride Month Guide Art, Beer Hall, pride, TheBlog. This was possibly one of the reasons why the token was attracting visibility and attention. Yeast: Lunar Crush ABV: 6.0 Pour: Golden Bitterness: Medium SHARE. OP, at the time of writing, was oversold on both the Relative Strength Index (RSI) and Money Flow Index (MFI). The token maintained a bearish bias for the last four months during which it pushed into the oversold zone just once before in May. Source: Santimentīut why are these observations important especially since we are in a new month? Well, that largely has to do with its current price position. VeChain is Coin of the Day on LunarCrush Vechain was automatically selected based on leading social and market activity over time. OP’s weighted sentiment registered a healthy bounce back after bottoming out between 27 and 28 May. LunarCrush: The Premier Crypto, NFT, and Stock Asset Intelligence Platform Invest smarter with insights from millions of conversations happening across social. It also reflected the improving investor sentiment as seen in the weighted sentiment metric. The LunarCrush observation may also indicate that investors were becoming more interested in OP. While this may not mean much in the grand scheme of things, it underscores the growing interest in the token. LunarCRUSH leverages artificial intelligence and machine learning to analyze cryptocurrency-focused social trends, search behaviors, internet chatter. LunarCrush selected OP as the coin of the day in the last 24 hours. LunarCRUSH is a platform to help investors in cryptocurrency markets make better decisions. OP, at press time, was flashing bullish signs but will the bulls pull off a significant win? Let’s first look at the latest regarding the token. Is your portfolio green? Check out the Optimism Profit Calculator After that, it has mostly been bearish but what goes down will eventually go up. OP, the native token for Ethereum’s layer 2 network Optimism had a great start in January and at the start of February. LunarCrush collects, monitors, analyzes billions of real-time, user-generated data points across multiple social media platforms each day, and filters them. OP curbs its downside after a resurgence of volume and is possibly headed for a pivot. The Adventures of Luna Crush You must be over 18 years of age to continue. While this may not mean much in the grand scheme of things, it did show that traders were interested in the token. OP was selected as the coin of the day on LunarCrush in the last 24 hours. Through our marquee metrics AltRank™ and Galaxy Score™, social-focused Markets pages, and the only real-time Influencer Ranking tool, investors gain insight into the crypto market like never before.A win for OP, but here’s why traders should remain cautious Whether it’s research applications on our website or real-time APIs, LunarCRUSH helps investors make better decisions. LunarCRUSH is a social listening analytics platform delivering community insights to cryptocurrency investors, exchanges, and funds worldwide. Treasure is Coin of the Day on LunarCrush 24-Hour Highlights: AltRank 4/5257 Galaxy Score 44.5/100 Social mentions: +5. Integrate LunarCRUSH into your hackathon project and earn bonus points from the jury
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