Crypto Market Tests 200-Day Moving Average Amid 6% Decline
The broader digital asset market is testing its 200-day moving average following a six percent weekly decline, according to FXEmpire.
The wider cryptocurrency market is currently testing its 200-day moving average following a six percent weekly decline, according to FXEmpire. The downward movement comes as digital assets face sustained selling pressure over the seven-day period.
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According to FXEmpire, the digital asset market experienced a six percent contraction over the past week, bringing prices down to test the critical 200-day moving average indicator.
Key facts
- The crypto market tested the 200-day moving average.
- Digital assets recorded a 6% weekly decline.
Source: news.google.com
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