Bitcoin is stuck in chop market with erratic price movements, lack of clear trend

From Investing.com
August 31, 2024 02:00 AM:

Shiba Inu, once a volatile asset, is now struggling to maintain market share. Recent price action shows a bleak picture for SHIB holders as the token fails to hold its value. The lack of volatility is concerning, with a downward trend since its peak earlier this year, resulting in loss of confidence, trading volume, and market interest.

Toncoin’s recovery has slowed down significantly, despite brief spikes. The recent fall below important support levels raises concerns about its future trajectory. Large-scale purchases from whales initially boosted TON, but even they backed off as market sentiment soured. TON’s strong fundamentals and ecosystem development offer hope, but regaining lost momentum is crucial.

Bitcoin is stuck in a chop market, characterized by erratic price movements and lack of clear trend direction. Stifled by a lack of buying support, Bitcoin remains range-bound, bouncing between moving averages without significant breakout or breakdown. Unclear market direction and stagnant momentum may lead to further price fluctuations with little progress.

Read more at Investing.com: What’s Next? Bitcoin (BTC) ‘Chop Market’ Causes Some Trouble By U.Today