Short squeeze alert for the week: Two cryptocurrencies with potential to skyrocket
Cryptocurrency short-sellers have benefited in the last two months amid a short-term downtrend for the crypto market since March. Conversely, Finbold has spotted two cryptocurrencies signaling potential short squeezes and price surges for next week. In this context, bullish diverges appeared in the price charts and among notable technical indicators, signaling a trend reversal. This fuels the usual short-squeeze alerts: negative funding rates, short-position volume increases, and leverage liquidations accumulation at higher levels. Moreover, a rising optimism in India with reopened doors for offshore crypto exchanges validates the market potential for the following weeks from a regulatory and fundamental perspective. Picks for you Opportunity? China’s demand for gold surged 68% YoY in 2024 Q1 2 hours ago Investing veteran warns three market crashes coming as 'euphoria' is fading 2 hours ago Bullish divergence: Crypto market with potential reversal ahe...