Zama’s Q2 update triggers 20% volume surge: But THIS warns of a correction

Share

ZAMA token gained more than 10% following the release of its Q2 report, with trading volume climbing 20% to $110.4 million. Network activity surged with active addresses doubling over 24 hours and Open Interest hitting a record $36.4 million. Technically, ZAMA continues to trade above its key exponential moving averages for 10 consecutive days. However, the Stochastic RSI bouncing from an overbought zone above 80 suggests a potential short-term correction before extending its long-term bullish trend.

Source: Read the original article

Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Lire la Suite

Articles