Bitcoin remains sideways.

 Bitcoin remains sideways.

This week, everyone's favorite OG meme currency reached the list once more! DOGE gained 8% intraday after Tesla CEO Elon Musk reaffirmed his plan to purchase Twitter. Despite the drop in trading volume, DOGE is up 7% in the previous seven days.

ERN, a coin with a tiny market valuation, has lately witnessed a significant surge in volume. It was trading at $1.58 at the end of last month before skyrocketing above $4 in a matter of days. It is now trading around $3, a critical level, and will follow BTC's next move.

LIT is another cryptocurrency that has surged in the last week, with a 5000% growth in volume and a 45% price gain, surpassing the market! It is unknown why LIT soared, but given its modest market capitalization, surprise swings like these are to be 'anticipated.'

Stablecoin swaps topped the list this week, with a value of 38.97%. Please check our conversion site here for tight spreads on all pairings and steady swaps!

The second highest figure was 22.35% for crypto to stablecoin trades. Since June, the market has been locked in a sideways macro range, with no clear direction in sight, with market players leaving holdings after each modest upick.

 Bitcoin remains sideways.

The same is true for stablecoin to crypto trades; investors will continue to average into holdings at these levels near the annual lows, expecting the market's long-term swings.Looking at the charts, BTC remains in the same position, trading inside the macro range for a prolonged period of sideways movement.

We discovered a long-term downtrending line that BTC briefly traded above before rejecting a few weeks ago. BTC successfully traded through this level at the start of this week and is presently holding above it, which may be regarded moderately positive.

There looks to be a short-term support level emerging, which if held might lead to the bulls regaining control of the narrative.

On the other hand, if the support fails to hold, the break above the trendline will be a sham. If this is the case, We are expected to trade back towards the bottom end of the macro range, where we will play another level.

Expect some market volatility today, as the US NFP report is due later.

The Crypto Fear & Greed Index is at '23,' indicating that the market is experiencing Extreme Fear.

Looking at the DOGE chart, it has followed a trend that is extremely similar to the rest of the market. We are seeing a protracted period of sideways consolidation with the odd price increase.

DOGE price activity is significantly choppy when compared to the rest of the market. Although it has been drifting downwards, the price motion is not as clear as in BTC.On Tuesday, DOGE had an intraday price increase of more than 8% as Musk reiterated his plan to purchase Twitter. As a result, volumes skyrocketed, and prices broke above short-term highs.

DOGE now encountered resistance at a June downtrend line, however, it is worth noting that DOGE diverged above this in August. If the short-term support remains, this might be a hint for a similar situation.

However, there is a chance that DOGE may fail to break above this resistance, resulting in a continuation of the sideways trend we have seen.Volume has been fairly dispersed, with the occasional surge and no apparent evidence of a directional bias. Once again, notable US NFP News occurrences

NEAR protocol has teamed with tech behemoth Google to advance Web3 businesses.

Celsius's CEO and cofounder have both resigned - Following the crypto lending giant's recent bankruptcy, Alex Mashinsky (CEO) and S. Daniel Leon (CSO) both resigned.

More information may be found here.

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