Bitcoin Cash

2024

Bitcoin

Axie Infinity

Coin

<ul class="news-points"> 
 <li><strong>The long/short ratio for AXS and BCH reached extremely low levels.</strong></li> 
 <li><strong>Bulls have gathered support for AXS at $7.65, indicating a potential rise to $8.72.</strong></li> 
 <li><strong>The RSI formed a positive divergence for BCH, suggesting a bounce to $275.</strong></li> 
</ul> 
<p><a href="https://coinedition.com/axs-bull-rally-hits-30-day-high-indicators-hint-a-reversal/" target="_blank" rel="noreferrer noopener">Axie Infinity (AXS)</a> and <a href="https://coinedition.com/bitcoin-cash-bch-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Cash (BCH)</a> are two cryptocurrencies experiencing a higher level of short position than longs, a Santiment post revealed. However, the on-chain analytic platform noted that the negative sentiment around them could be the catalyst that leads to a rebound.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4c9.png" alt="📉" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f64f.png" alt="🙏" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/AxieInfinity?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#AxieInfinity</a> and <a href="https://twitter.com/hashtag/BitcoinCash?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#BitcoinCash</a> are among the very slim group of <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#crypto</a> assets that are seeing a higher ratio of shorts than longs this weekend. Traders appear to be confident of a market bounce upcoming, and <a href="https://twitter.com/search?q=%24BCH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$BCH</a> &amp; <a href="https://twitter.com/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$AXS</a> are two exceptions. Short liquidations <br><br>(Cont) <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/nqx94rbSCZ" target="_blank" rel="nofollow">pic.twitter.com/nqx94rbSCZ</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1746367001868796121?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 14, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>From the post, the on-chain analytic platform mentioned that traders are optimistic about a recovery from many altcoins. But BCH and AXS were exceptions.&nbsp;</p> 
<p>However, the pessimism of this sort is sometimes good for cryptocurrencies. But this only occurs if some buying pressure appears when the long/short ratio is ex…</p>
<p>The post <a href="https://coinedition.com/will-axs-bch-join-the-next-altcoin-rally-indicators-say-yes/">Will AXS, BCH Join the Next Altcoin Rally? Indicators Say “Yes”</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

Will AXS, BCH Join the Next Altcoin Rally? Indicators Say “Yes”

Coin Edition

Other articles published on Jan 14, 2024

Bitcoin’s Current Landscape: On-Chain Analysis and Miner Activity

ADA Price Prediction: Will ADA Retest $0.500 Or Take A U-Turn?

Scam Sniffer Identifies Major Phishing Scammers in Solana Ecosystem

Bitfinex Responds to Attack Attempt, Shuts Down XRP Rumors

While XRP Slowly Inches Towards $1, Explore Coins Primed For Faster Gains

Unveiling Economic Survey Of India, All You Should Know

Join our free newsletter for daily crypto updates!