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But we saved everything 🙂.
Cboe featured a conversation between Natalie Reed and Derek Devens of Neuberger Berman on the state of crypto.
The event offered insights into the evolving world of crypto. A link to the full conversation has been shared in the tweet.
CBOE is trading at $261.48, which is below the MA-20 ($297.38), MA-50 ($315.02), and MA-200 ($274.59), reflecting solid short-, medium-, and long-term downward pressure. The Ichimoku Kijun on D1 is at $309.09, placing immediate resistance well above the current price; near-term support is identified at the MA-200 ($274.59), with key support at the MA-100 ($299.79), while resistance clusters at the MA-20 ($297.38) and the Ichimoku Kijun ($309.09).
Momentum signals on D1 remain weak, with MACD negative and signaling sell, while ADX at 31.37 also suggests a continuing bearish trend. RSI (30.68) and CCI (-112.70) both indicate oversold conditions, echoed by Stoch RSI at 28.49, while BBP (-21.89) underscores seller dominance intraday. Despite this, HMA stands out with a strong buy signal, creating divergence among momentum indicators. In today's session, CBOE rallied 2.15%, reflecting a sharp rebound. Over the past week, CBOE has climbed $12.38 (4.89%) from a prev_week_close of $249.10, positioning the price in the upper part of the weekly range as volatility reached 7.34%. This weekly tone points to a recovery from earlier lows but overall action remains within a broad downward structure.
Looking ahead, the expected range for CBOE in the coming week is $251 to $272, aligning with typical weekly volatility and keeping the price within 10% of current levels, and between the 52-week low of $223.54 and high of $371.18. Based on W1 signals—RSI (sell), ADX (sell), MA-50 (sell), MACD (strong buy)—there is a very low probability (less than 20%) of a sustained price increase, making further declines more likely. Baseline scenario sees sideways movement between $251 and $272. A bullish scenario would require a sustained break above $272, challenging the MA-200 and Kijun resistance. A bearish scenario unfolds if the price slips below $251, exposing further downside toward long-term supports.
Earlier, analysts noted that Cboe Global Markets was experiencing sustained bearish momentum amid elevated volatility and a lack of bullish reversal signals. The current article extends this perspective by highlighting the importance of monitoring for a decisive breakout from the prevailing consolidation zone, which could set the tone for CBOE's next directional move.