WQMCEF7FYZBZJOHV5Q2NLWYVQM 1 The Crypto Market May Be Close to Bottom, Mayer Multiple Suggests

The Crypto Market May Be Close to Bottom, Mayer Multiple Suggests

– The Mayer Multiple is a metric used to identify oversold and overbought conditions in the crypto market by comparing the market value to the 200-day SMA.
– The Mayer Multiple fell below 0.5 last month, with the market value hitting a low of $762.8 billion.
– The previous crypto bear markets ended with the Mayer Multiple falling below 0.5.
– If history is a guide, the market may have found a bottom at the June low of $762.8 billion.
– The 200-day SMA is one of the most widely tracked gauges of long-term trends.
– As per technical analysis theory, an asset is said to be in a bear market once its value drops under the 200-day SMA and vice versa.

WQMCEF7FYZBZJOHV5Q2NLWYVQM The Crypto Market May Be Close to Bottom, Mayer Multiple Suggests
The Crypto Market May Be Close to Bottom, Mayer Multiple Suggests 3

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