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SHIB, ETH twerking as Reddit attributed buy calls look for new resistance level
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After days of floundering in the red after Bitcoin fell below the $40k mark, the crypto market finally turned green once more. Naturally, many investors are wondering if now is a good time to stack some stats, collect some more diamonds, or add new dogs to their kennel.
Santiment data showed that “buy” calls were seeing an uptick and attributed this to Redditors and the Reddit community’s crypto discussions. While Twitter has been seeing an increase in “buy” social trends since mid-April, they have been falling after that. However, calls on Reddit appear to be on the rise.
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