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Market sentiment has been improving recently as the Fear and Greed Index has climbed from a record low of 15 to around 34.
However, Trump’s aggressive trade policies and now this push to remove Chairman Powell have added a new bearish ingredient to the mix and uncertainty prevails as the impact of these decisions is still yet to be seen.
The American session has now turned bearish and prices in lower time frames are collapsing as market participants fear that, if Trump succeeds at removing Powell from office, this could result in a significant spike in volatility as the market’s outlook will be even more uncertain.
Momentum indicators are still favoring a bullish outlook for LTC as the Relative Strength Index (RSI) stands above the signal line. Meanwhile, the MACD’s histogram has been on an uptrend for five days in a row.
SUI Rejects Move Above Key Trend Line
We have been tracking Sui’s performance for a while now and the price action has respected multiple times the trend line resistance shown in the chart below, emphasizing its importance to market participants.
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