ADA faces downside risk after rejection at channel resistance, with support near $0.22 and price trading around $0.25. Cardano traded near $0.2500 after a 1.61% daily decline on the Capital.com chart. The move came as ADA remained under pressure after rejection at the upper trendline of a descending channel. ADA Rejected At Channel Resistance Cardano […]
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Dogecoin started a fresh decline below the $0.1080 zone against the US Dollar. DOGE is now consolidating losses and might face hurdles near $0.1065 and $0.1075. DOGE price started a fresh decline below the $0.1080 level. The price is trading below the $0.1075 level and the 100-hourly simple moving average. There is a bearish trend line forming with resistance at $0.1075 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could extend losses if it stays below $0.1075 and $0.110. Dogecoin Price Dips Further Dogecoin price started a fresh decline after it closed below $0.110, like Bitcoin and Ethereum. DOGE declined below the $0.1080 and $0.1050 support levels. The price even dipped toward the $0.1020 level. A low was formed near $0.1025, and the price is now showing bearish signs well below the 23.6% Fib retracement level of the downward move from the $0.1127 swing high to the $0.1025 low. Dogecoin price is now trading below the $0.1065 level and the 100-hourly
Bitcoin (BTC) sits at a technical crossroads after losing a crucial support level, leading some market observers to suggest that this week’s price will be decisive for whether the flagship crypto can reclaim upside momentum or extend its recent losses. Related Reading: Trillion-Dollar Italian Bank Moves To XRP, But How Much Have They Bought? Bitcoin 21W EMA Retest To Be Decisive After closing the week at around $77,450, Bitcoin started the new week falling to a new local low of $76,050. The cryptocurrency had been trading between $76,300 and $82,500 throughout its May rally, failing to break out of the crucial resistance despite multiple attempts. In a Monday analysis, market observer Rekt Capital noted that Sunday’s drop saw BTC close below the key 21-Week Exponential Moving Average (EMA), around the $78,000 area, after successfully retesting this level as support for multiple consecutive weeks. The analyst explained that this performance “shows how lackluster the buy-side strength ha
BNB monthly chart signals a third accumulation zone as price trades near $649 after pulling back from $690 resistance. BNB traded near $649.48 as traders reviewed a monthly chart setup described as a third major accumulation zone. The view came as BNB pulled back from recent resistance, while long-term targets remained part of the technical […]
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Cardano V11 Van Rossem is live on Preview testnet as PreProd awaits ratification and mainnet vote targets May 29. Cardano has advanced its V11 “Van Rossem” hard fork after Preview testnet began running Protocol Version 11. The upgrade now moves through staged testing, while PreProd awaits ratification and mainnet governance action remains targeted for May […]
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Bitcoin price started a fresh decline below the $77,500 zone. BTC is consolidating and might struggle to stay above the $76,000 support. Bitcoin failed to stay above $77,500 and extended losses. The price is trading below $77,000 and the 100 hourly simple moving average. There is a bearish trend line forming with resistance at $76,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might extend losses if it stays below the $77,000 and $77,500 levels. Bitcoin Price Dips Again Bitcoin price failed to stay above the $77,500 support zone. BTC remained in a bearish zone and extended losses below the $77,000 level. There was a move below the $76,500 level. The price even dipped below $76,200. A low was formed at $76,020 and the price is now consolidating losses. It is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $82,018 swing high to the $76,020 low. Bitcoin is now trading below $77,000 and the 100 hourly simple moving av
XRP price dropped 2% on May 18, sliding to $1.3865 as traders sold aggressively into the $1.42 resistance zone. XRP fell as traders took profits aggressively after another failed push above $1.42, knocking the token back below $1.40 in the…
Bitcoin traders are closely watching the $74,000-$75,000 support zone as exchange inflows rise and market signals weaken following BTC's loss of momentum above $82,000.
Bitcoin dropped to the crucial $76,000 support level while large-cap altcoins sold off sharply. Do technical charts suggest that traders will buy the dip?
