Cryptocurrency Markets Trade Flat, with Dogecoin the Notable Bullish Exception

Notable Statistics: Notable Developments: Top Losers: Trader Notes: Cryptoquant Founder & CEO Ki Young Ju, in his latest post, highlighted that

Cryptocurrency markets are trading largely flat on Monday evening, with the meme coin standout being Dogecoin.

After rallying over 20% last week, DOGE is up another 5% to 7% over the past 24 hours. The meme coin is now trading around $0.23.

Among the top gainers, Solana is rallying another 3% to 5% after rallying roughly 15% last week. Near Protocol is also seeing mild gains of 3% to 4%.

On the losing end, several tokens are posting declines of between 2% and 3%, including Polygon, Filecoin, Chainlink, and The Sandbox.

Bitcoin is trading largely flat, posting gains or losses of less than 1%, changing hands around $64,600. Among the top crypto, gains are being seen in Litecoin and Stellar Lumens, both rallying 2% to 3%.

Meanwhile, XRP and Ethereum are also trading largely flat. ETH is trading around $4,730.

Among the metaverse tokens, several are posting gains of between 2% and 4%, including Decentraland, Axie Infinity, and Gala.

Relative Strength Index (RSI) for Bitcoin (BTC) is now at 56.06, indicating the world’s largest cryptocurrency is trading within the neutral zone.

Important Statistics:

The Fear and Greed Index is now at 60, indicating markets are displaying signs of "greed."

Bitcoin’s Bollinger Bands are now at $59,833.6 to the low of $63,663.9.

Bitcoin’s Keltner Channel is now at a high of $65,038.1 to the low of $63,186.9.

Bitcoin is now trading above the Ichimoku Cloud, while the Tenkan-Sen is at $64,163.1, the Kijun-Sen is at $63,863.9, and the Chikou Span is at $61,136.

Bitcoin’s realized volatility is now at 74.74%.

Latest Crypto News and Updates:

Bull market investors (holders of 6 months to 2 years) offloaded the majority of their Bitcoin as it approached its earlier all-time high, highlighted Cryptoquant Founder & CEO Ki Young Ju in his latest post.

"If you’re selling Bitcoin now, you likely haven’t held it for over 3 years, as veteran holders aren't selling," he adds.

Bitcoin’s future trajectory was discussed by CrypNuevo in the context of liquidations.

"Bitcoin breaking through multiple trend lines in the hourly chart," noted crypto chart analyst Ali Martinez in one tweet. In another, he highlighted that a crucial support level for Bitcoin is "between $63,440 and $65,470, where 1.89 million addresses bought 1.23 million BTC."

What To Watch Next:

The role of Bitcoin as an institutional asset class is set to be extensively covered at Benzinga's upcoming Future of Digital Assets event on Nov. 19.

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