Bearish

Polkadot (DOT) has struggled during the market’s latest downturn, with its price turning bearish after another failed attempt to conquer the $5 price level. Since the past week, DOT has struggled to push above $4.20, as intense selling pressure and growing bearish sentiment weigh down on the asset’s price. Polkadot (DOT) Endures Bearish Week Polkadot (DOT) recovered on Thursday despite falling to a day low of $3.99, as buyers mounted a recovery. As a result, DOT reclaimed $4 but only…

Uniswap is making a surprising move, rallying in the face of bearish market conditions, and showing signs of resilience despite the downward pressure seen across the crypto space. As bullish sentiment begins to build, market participants are now focused on whether UNI can maintain this upward momentum and break new ground.  As UNI continues to display strength, this analysis aims to determine whether Uniswap’s recent upward movement in spite of the broader bearish market conditions, has the potential to break…

As the crypto market struggles to shake off the weakness of last week, the latest sentiment data from Santiment shows that token holders and traders are bearish on some of the top altcoins. According to their recent analysis, token holders are bearish the most on Chainlink–a middleware solution that powers DeFi and NFTs, Ethereum, Solana, and Bitcoin. Out of their assessment, it is interesting to note that these coins on focus are those in the top 10, except for Chainlink…

According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market. Notably, an Ethereum…

Recent price action is painting a bearish picture for FET, with the Relative Strength Index (RSI) signaling the potential for further declines. As the RSI hovers in bearish territory, the momentum seems to be favoring sellers, raising concerns of a deeper downturn.  In the midst of the intensifying downside pressure, attention is shifting to the critical $0.9 support level. Holding this level is crucial for avoiding additional losses, as a breakdown could lead to more significant declines. With current market…

Following a volatile week, Bitcoin (BTC) has once again captured the attention of investors as it fluctuates between bearish and bullish sentiments. Earlier this week, the leading cryptocurrency retracted to the $59,800 mark after reaching a two-month high of $66,500 at the end of the previous week. Despite these fluctuations, analysts express confidence that Bitcoin could reach new records by year’s end. Could Bitcoin Prices Rise As Year-End Approaches? As noted in a recent CNBC report, a recent resurgence in…

The PEPE price could be in trouble from here after failing to maintain its upward momentum. This has led to a restart of the bearish momentum, and this could continue if bulls fail to pull up the price. In the event that bears do win out in this situation and maintain control, the PEPE price could continue to fall. According to crypto analyst Alan Santana, such a development could drive the PEPE price back towards levels not seen since early…

Polkadot (DOT) saw a substantial drop on Monday as overall market sentiment and DOT’s recent bearish trajectory saw it begin the week with a decline of almost 7%. However, DOT has rebounded during the ongoing session, with buyers entering the market around the 50-day SMA. The altcoin has strong support at around $4.50, preventing further decline. Polkadot (DOT)’s Ascent To $5 Polkadot was extremely bullish last week and was generally positive since rebounding from a low of $3.98 on September…

Ethereum, the second-largest cryptocurrency by market capitalization, is experiencing increasing bearish sentiment in its futures market, according to a recent analysis by CryptoQuant analyst ShayanBTC. The analyst reported on the CryptoQuant QuickTake platform that Ethereum’s futures market has shown its lowest funding rates of 2024. This trend indicates that traders in the perpetual futures market are currently less optimistic about Ethereum’s short-term price movements. Ethereum Declining Funding Rates And Market Implications According to ShayanBTC, the 50-day moving average of Ethereum’s…