{"id":258938,"date":"2024-03-05T00:17:25","date_gmt":"2024-03-04T18:47:25","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=258938"},"modified":"2024-03-05T00:17:25","modified_gmt":"2024-03-04T18:47:25","slug":"bullish-sentiment-persists-indicators-point-to-weak-momentum-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bullish-sentiment-persists-indicators-point-to-weak-momentum-crypto-news\/","title":{"rendered":"Bullish sentiment persists, indicators point to weak momentum &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>The AUD\/JPY is trading at 98.04, marking a 0.12% gain during Monday&#8217;s session.<\/strong><\/li>\n<li><strong>The RSI on both daily and hourly charts is in the positive zone, but momentum is limited.<\/strong><\/li>\n<li><strong>The overall trend remains bullish as the buyers recovered the 20-day SMA.<\/strong><\/li>\n<\/ul>\n<p>In Monday&#8217;s session, the AUD\/JPY pair is trading at 98.04, reflecting a 0.12% gain. Despite a slight decrease in buying momentum, there&#8217;s an overall moderate bullish sentiment dominating the market as indicators seem to recover after recent declines.<\/p>\n<p>On the daily chart, the AUD\/JPY pair&#8217;s Relative Strength Index (RSI) is currently in positive territory, indicating that buyers have had the edge recently after diving below 50. Despite slight decreases in the latest readings, there&#8217;s still a moderate bullish momentum. The Moving Average Convergence Divergence (MACD) histogram shows flat red bars, suggesting a loss in positive momentum but a still mildly bullish sentiment in the market.<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/JPY daily chart<\/h2>\n<\/p>\n<p>Switching to the hourly chart, the RSI values present a similar picture, hovering in the positive territory, and the MACD histogram continues with red decreasing bars, indicating a loss in selling momentum but a flattened buying traction. The readings imply that the pair is experiencing similar dynamics on a shorter-term scale.<\/p>\n<h2 class=\"fxs_headline_medium\">AUD\/JPY hourly chart<\/h2>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_AUD_JPY_2024-03-04_13-17-30-638451724223856965.png\" \/><\/p>\n<p>By contrasting the daily and hourly charts, indicators suggest a consistent bullish momentum, albeit with decreased intensity. Despite the short-term neutral-to-negative <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">outlook<\/a>, the pair&#8217;s position above the 20, 100, and 200-day Simple Moving Averages (SMAs) reinforces the perspective that buyers are in control in a broader market view.<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The AUD\/JPY is trading at 98.04, marking a 0.12% gain during Monday&#8217;s session. The RSI on both daily and hourly charts is in the positive zone, but momentum is limited. The overall trend remains bullish as the buyers recovered the 20-day SMA. In Monday&#8217;s session, the AUD\/JPY pair is trading at 98.04, reflecting a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":8964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[1169,201,248,251,246,298,257,276,255,250,252,247,253,249,256,254],"class_list":["post-258938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-audjpy","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=258938"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258938\/revisions"}],"predecessor-version":[{"id":258940,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/258938\/revisions\/258940"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/8964"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=258938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=258938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=258938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}