CryptoQuant analyst Darkfost said on Aug. 24 that the platform’s bull-bear market indicator has just moved into the early stage of a bull market. He said the metric is not a perfect market signal, but added that the shift confirms market conditions have improved significantly. Darkfost also said the trend will be worth watching over the coming weeks. The comment points to a change in how at least one market gauge is reading current conditions, with the latest move suggesting a stronger recovery signal than before. No additional price targets or timeline beyond the coming weeks were provided in the note cited by BlockBeats.
According to BlockBeats, CryptoQuant analyst Darkfost said on Aug. 24 that the bull-bear market indicator has just entered the early stage of a bull market.
Darkfost said the indicator is not a perfect market signal, but that the change confirms market conditions have improved significantly. He added that the trend will be worth watching in the coming weeks.
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