Chiliz [CHZ] supply on exchanges shows concerning sign, here's what to expect
The transferred CHZ alone was likely too small to have a meaningful impact on the price. This is reflected in the CHZ price which registered a slight uptick by 0.77% to its $0.13 press time price.appear to have lost their momentum within this range, meaning it is now acting as a psychological buy zone or a take-profit zone for short-sellers.
Although the 1.8 million CHZ transfer did not have a sizable impact on price action, it did contribute to exchange flow characteristics. It may also offer potential insights into what to expect moving forward. For example- the exchange inflow indicator registered the highest weekly spike in the last 24 hours.A deeper look into CHZ’s supply and demand dynamics reveal that the supply outside exchanges had an overall decline in the last 30 days.The supply of CHZ on exchanges has grown during the same time. The latest outflow from Chiliz to Gate.io adds to this outcome and suggests that this has limited CHZ’s potential upside.
المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين
Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.
Can ETH pull off a strong bounce back as exchange balances reach 4-year lows?ETH bears are losing momentum after a strong pullback in the last few days. ETH exchange balances reach 4-year lows as outflows continue. Ethereum’s native cryptocurrency just concluded the week with a sizable bearish pullback. There is more directional uncertainty as a result, but multiple indicators and metrics may offer some much-needed clarity. How much […]
اقرأ أكثر »
People rally against moving Nanaimo bus exchange to Terminal AvenueThose who rallied in Nanaimo against moving the bus exchange to Terminal Avenue say they're worried it will attract social disorder
اقرأ أكثر »
GMX: The sudden surge in this metric could launch the DEX into the orbitGMX’s new all-time high in user fees was more than double its previous ATH. The native token was up 6% at press time as bullish sentiments prevailed. According to a tweet by DeFiLlama on 11 February, GMX, a decentralized exchange for spot and perpetual contracts, hit its new all-time high (ATH) in user fees at […]
اقرأ أكثر »
![Can Uniswap [UNI] overtake Ethereum [ETH] on this front?](https://i.headtopics.com/images/2023/2/12/cryptoamb/can-uniswap-uni-overtake-ethereum-eth-on-this-fron-can-uniswap-uni-overtake-ethereum-eth-on-this-fron-1624839002757951488.webp?w=640)
Can Uniswap [UNI] overtake Ethereum [ETH] on this front?Uniswap remained the most profitable DeFi protocol in terms of user fees. With V3 deployment on BNB Chain getting approval, UNI’s price rise looked likely. Uniswap [UNI], the world’s largest decentralized exchange (DEX) in the crypto world, continued to attract users to its fold because of high protocol fees. What’s noticeable is how Uniswap managed […]
اقرأ أكثر »
City Hall finance report shows 'lack of oversight'A report says Toronto City Hall's finances have inconsistencies about future economic events such as inflation and borrowing costs.
اقرأ أكثر »
Polkadot’s Q4 data shows growth in user activity, can DOT sustain this trend?Polkadot’s address activity registers an uptick as market conditions improve. DOT demand hangs in the balance as the market seeks more directional clarity. Polkadot is off to a healthy start so far this year in terms of its operations, as is the case for most top blockchain networks. However, we cannot truly have a clear […]
اقرأ أكثر »