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The crypto market is under severe bear pressure , and a glance across the price chart of the top cryptocurrencies reveals this. Bitcoin, the largest cryptocurrency by market capitalization, lost nearly 24% in the past month, leading other cryptos to a massive loss of value in the cryptocurrency market. Last month’s events have changed the crypto market narrative, flipping a once bullish market into a significantly bearish environment. The swift change in narrative impacted users’ sentiments, with the crypto market moving from a greedy sentiment to extreme fear in less than 30 days. A historical assessment shows the crypto market was “Greedy” last month and “Neutral” a week ago before shifting into “Extreme Fear” in the past few days. How quickly things changed in the market has triggered FUD, leaving many traders confused and unsure whether to hold on to their positions or to sell off their portfolios. Related: Crypto Market Plunges to “Extreme Fear” – Time to Buy? For context, the Fear and Greed index measures the emotional state of crypto market participants. The analysis tool measures users’ reactions using human behavioral data and their potential behavior under varying market conditions. People tend to get greedy during bull runs because of the Fear Of Missing Out (FOMO). In contrast, they often sell their assets during market declines because of Fear, Uncertainty, and Doubt (FUD). Expert traders have figured out ways of capitalizing on human behavioral tendencies to find profitable opportunities in the crypto market. Therefore, experienced traders often consider extreme fear market conditions as buying opportunities, noting the chance that digital assets would be at their lower prices and more affordable. In contrast, they see greedy conditions as opportunities to sell. Related: Bitcoin Bull Run Cycle? Chart Points to Next Phase for BTC with Price Analysis That explains the zig-zag behavior of the crypto market, highlighted by the past month’s trend when the market tumbled from “Extreme Greed” to “Extreme Fear” over a short period. Considering the prevailing situation, many top experts believe the cycle will continue, and traders who purchase crypto at the current price could be making the right decision. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Every dip in the coming weeks is another opportunity to stack. I keep saying it, we are going to print so hard. Added more $PIN $ZIG $DSYNC here, so the big bags are even bigger now. Also accumulating $COR $WELF & $PROPC here as low cap gems. Soon up only for altcoins

The amount of money that will flow into $ZIG once ZigChain comes out is going to be insane. Imagine once it goes live, and the first ever meme on ZigChain launches and goes to 100M+. Study $BNB in 2020 when Binance Smart Chain came out. $ZIG is going so much higher.

This analysis of the potential correction in the price of Gala ($GALA) presents a bearish outlook based on several factors: * Bitcoin's Correction: The author highlights the recent drop of Bitcoin below its 200-Day EMA on the 4-hour chart as a significant factor supporting the bearish case for Gala. * Wave Z Correction: The analysis suggests that Gala is currently undergoing a "Z" wave correction within a larger ABC correction. This wave is expected to follow a Zig-Zag pattern, with potential price targets at $0.03527, $0.03203, and $0.02794. * Bearish Momentum: The daily Stochastic RSI remains bearish, indicating a potential for further price declines. * Waiting for Entry: The author suggests waiting for the Daily Stochastic RSI to move further into the oversold region before entering a position. Reasons for Potential Final Drop: * The analysis suggests that this correction might be the last opportunity to acquire Gala at favorable prices before a potential bullish move. * The author anticipates a bullish cross on the Weekly Stochastic RSI soon, which would signal a significant bullish move. Overall: The analysis presents a cautious but potentially profitable trading strategy. It emphasizes the importance of patience and careful observation of technical indicators like the Stochastic RSI and Bitcoin's price action. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Cryptocurrencies are highly volatile assets, and investing in them carries significant risks. Key Takeaways: * Bearish Outlook: The analysis leans towards a bearish outlook for Gala in the short term. * Potential for Profit: The correction is seen as an opportunity to acquire Gala at potentially favorable prices before a potential bullish move. * Importance of Technical Analysis: The analysis emphasizes the importance of closely monitoring technical indicators like the Stochastic RSI and Bitcoin's price action. * Risk Warning: Cryptocurrencies are highly volatile, and investing in them carries significant risks. Note: This analysis is based on the author's interpretation of technical indicators and market conditions at the time of writing. Market conditions can change rapidly, and the analysis may no longer be accurate. I hope this summary is helpful!