CLARITY Act Decision Leads to $120 Billion Loss in Crypto Market
📊 MSTR — Piyasa Yorumu
▼ down · 65%Since MSTR is a stock highly correlated with Bitcoin, the news of a $120 billion loss in the crypto market could have a negative impact. Technical indicators are already weak: RSI at 38 is near oversold territory but no reversal signal yet, MACD is negative and below the signal line, and the price is trading below the 20 and 50-day moving averages. The news is likely to increase selling pressure in the short term and pull the stock back to the $125-128 range. However, the low RSI level also brings the possibility of a limited relief rally; nevertheless, the overall outlook is bearish.
📊 COIN — Piyasa Yorumu
▼ down · 65%The CLARITY Act decision led to a $120 billion loss in the crypto market; this news could create short-term pressure on crypto-related stocks like COIN. Technical indicators are already weak: RSI at 36.6 is near oversold territory but no reversal signal yet, MACD is negative and below the signal line. The price is trading below the 20 and 50-day moving averages, indicating a downward short-term trend. Selling pressure may increase with the news, but oversold conditions could lead to a limited rebound. Nevertheless, the overall outlook is bearish for 1-3 days.