Loom Network is down a staggering 22% over the past 24 hours. The downturn follows a broader market uptick and Loom’s price exploding in recent weeks. Could this be a mere pullback, or is its price destined to collapse further?
Moving to technical analysis, Loom is trading at 73 on the RSI despite its strong sell-off. This is within the overbought territory and could indicate further downside momentum if it aligns with other technical indicators. One new project which does currently look bullish, though, is Bitcoin Minetrix, which has raised $1.6m via its ICO.is a new Ethereum-based platform enabling users to mine Bitcoin by effortlessly staking $BTCMTX tokens. This groundbreaking concept provides a no-fuss, no-expertize needed way for anyone to begin earning free Bitcoin.
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