Da_Prof

Meme coin volumes spike above critical levels.

INDEX:BTCUSD   Bitcoin
Meme coin volumes can signal times of market euphoria and the MCV is generally a leading indicator of a top. Today, the aggregate volume of the largest meme coins spiked above critical levels and to the highest levels seen in the history of the indicator. Is a local top near? Crypto market participants may be wise plan for a potential local top in the "near" future if other top indicators show confluence. The memecoin gain (MCG) indicator is also shown and is not yet at "danger" levels.

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