Da_Prof

Meme coin volumes spike above critical levels.

INDEX:BTCUSD   Bitcoin
Meme coin volumes can signal times of market euphoria and the MCV is generally a leading indicator of a top. Today, the aggregate volume of the largest meme coins spiked above critical levels and to the highest levels seen in the history of the indicator. Is a local top near? Crypto market participants may be wise plan for a potential local top in the "near" future if other top indicators show confluence. The memecoin gain (MCG) indicator is also shown and is not yet at "danger" levels.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.