Short squeeze alert for two cryptocurrencies this week
High open interest volume, negative funding rates, and upward accumulated liquidations can indicate a potential short squeeze for crypto currencies. In particular, Finbold spotted significant indicators for BNB Chain (BNB) and Toncoin (TON), signaling a short squeeze could happen soon. The crypto currency market has followed Bitcoin (BTC) in a downtrend since April 9. The leading digital asset trades at $61,405, below its 30-day exponential moving average (30-EMA), which has become resistance. Moreover, it is condensed between the 30-EMA and a 3-month range’s bottom at the psychological support of $60,000. This diminishing volatility will soon ignite an aggressive movement either upwards or downwards. Other cryptocurrencies will likely follow the move, which could trigger a short squeeze for some coins. Picks for you Price prediction for PEPE amid new all-time high 30 mins ago How much is a kilo of silver worth? 2 hours ago Gold or Silver? We asked Chat...