The Crypto Rally May Surprise to The Upside

The Crypto Rally May Surprise to The Upside

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Hi Crypto Academy Network, A positive sign is that analysts are increasingly showing confidence that crypto prices may have bottomed out. JPMorgan said in a recent note that limited new contagion from the collapse of the Terra ecosystem and positive data flow from Ethereum’s testnets raised expectations that the merge will happen in 2022. Both these have been the main drivers of the current recovery. Analysts at JPMorgan believe that crypto prices may have “found a floor.” Conversely, if the price turns down from the current level and breaks below the uptrend line, it will suggest that the bulls have given up in the short term and are closing their positions. That could sink the price to the 50- day simple moving average (SMA). KEY TRADING LEVELS ETH TRADE XRP TRADE BTC TRADE Top Content This Week! Advance in the Cryptocurrency world Here’s Why Vitalik Crypto payments The Ethereum Merge the Main Contributor Top Article This Week! Play, Chill, and Earn over $75k Rewards Age of Zalmoxis: Rise of The Elrond Globiance a  A Revolutionary        Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

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