that traders threw in impressive volume in opening short or long CRV contracts across several exchanges. Despite that, liquidations had been minimal, all amounting to $32,680 in the last 24 hours.
With CRV trending upward from the previous day, short-positioned traders suffered most of the market wipeout.Signals from the four-hour chart showed that CRV might encounter some hurdles in sustaining greens. This was because the Directional Movement Index showed a struggle between the +DMI and -DMI . At press time, the negative DMI was slightly above the positive DMI.
However, the Average Directional Index moved in a weak direction at 11.72. So, it is likely that the CRV price consolidates in the short term. Hence CRV’s first quarter in 2023 could end in a not-so-different condition from the manner it ended in 2022.Subscribe to get it daily in your inbox.
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All about Lido Finance, what the Shanghai upgrade can do, and the threat it facesLido’s share of the ETH staking market now sits at 29% The APR offered witnessed a decline as well. Lido Finance [Lido] commenced the 2023 trading year with a slight decline in its market share in the ETH staking ecosystem. The leading liquid Ethereum [ETH] staking platform’s performance was highlighted by Dune Analytics. Read Lido Finance’s […]
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