Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Tron's TRX and Cardano's ADA showed gains, with TRX particularly benefiting from increased network activity due to a new memecoin generator.reversed Tuesday’s gains as prices slid to just over $59,000 during the Asian morning hours Wednesday, continuing a spell of sideways price action.
Traders said that bitcoin would need to break above the $61,000 level and stay above it if sentiment were to change among market participants. “Overcoming this resistance from where bitcoin has been selling off since August 9 would take it to a test of its 200-day MA near $62.7K. A consolidation above these levels could dramatically improve sentiment in the entire cryptocurrency market and inspire more active buying,” he added.
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