Home
News
- 1 NGL price is trading below the key moving averages, demonstrating the bearishness on the daily chart.
- 2 Entangle crypto price has been down by almost 35.89% in the last seven days, showcasing that bears are active in the crypto.
Entangle serves as a comprehensive hub for any entity within the blockchain space seeking essential services and tools for connectivity across the ecosystem. It offers a suite of tools for acquiring data from traditional web and decentralized platforms, supports the conversion of assets into tokens, and aids in the interaction between different blockchain games. Additionally, it facilitates the development of innovative cross-chain financial and liquidity solutions, propelling the multi-chain progression of the cryptocurrency sector.
Entangle has forged strategic alliances with prominent players in the industry, such as Arbitrum, Mantle, Linea, Polygon, Avalanche, Velodrome, and SushiSwap, among others.
Through these collaborations and its versatile technology, Entangle has broadened its reach and impact, not just within the realm of blockchain but across various applications, including artificial intelligence, blockchain-based gaming, tangible assets, and decentralized pins, to name a few.
Technical Analysis of Entangle Crypto Price
by T
Entangle crypto shows selling pressure, heading toward the demand zone, showcasing that the bears are active in the crypto. Moreover, Sellers have gained momentum and looked aggressive in the past sessions.
Entangle crypto price is trading within a downward momentum and making lower highs. Crypto has failed to reverse the current trend and break the critical levels. It shows that the bears are dominant and unwilling to give up.
At the time of writing, NGL crypto was trading at $00 with a minor loss of 0.9700% for the day, hovering below the 200-day EMA, which indicates bearishness on the charts. The trading volume for the day was also lower, currently at $3,551,327 Million, showing a lack of interest from the buyers. The market cap of NGL crypto is $109,602,917 Billion.
NGL crypto has consistently been in a downtrend for the past few months, forming a pattern of lower highs and lower lows. It has faced resistance at the upper trendline, hindering any chance of exiting the trend.
The price action indicates that Entangle crypto has been encountering selling pressure, with buyers remaining defensive. On the other hand, sellers have made short positions and maintained a decisive advantage.
Entangle crypto showed a falling pattern on the daily charts, and the price is hovering near the lower trendline, showing weakness on the charts. Recently, the crypto bounced back from the channel lows and headed towards 50 EMA.
Summary
Entangle crypto shows downward momentum with lower highs, indicating that bears dominate. Crypto has been consistently in a downtrend for the past few months, forming a pattern of lower highs and lower lows. The price action indicates that Entangle crypto has been encountering selling pressure, with buyers remaining defensive. On the other hand, sellers have made short positions and maintained a decisive advantage. The daily charts show a falling pattern, and the price is hovering near the lower trendline, showing weakness on the charts. The trading volume for the day was also lower, currently at $3,551,327 Million, showing a lack of interest from the buyers.
Technical Levels
Resistance levels: $1.00 and $1.200.
Support Level: $0.9000 and $0.8000.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
