Bearish

Santiment shows that a large number of short positions have been entered against XRP and ADA, with analysts predicting a bearish market for both veteran cryptocurrencies. However, some point out that if the price of XRP rises, all the shorts would be liquidated, propelling the price of the token even higher. XRP has shed 8.3% in the past month, hitting a one-year low just above $0.46. This has led to bearish sentiments among traders, with data showing that traders have…

Solana, a leading blockchain platform, is experiencing a significant downturn as a persistent bearish wave sweeps through its market. This decline, driven by a combination of factors, has led to SOL’s price suffering a huge drop below the $140 support mark.  Solana’s price has struggled to find stability, breaking through key support levels and signaling further potential losses. As bearish sentiment continues to dominate, traders and investors are closely monitoring the situation, seeking signs of a possible reversal or additional…

The post Altcoins Gaining Strength: FTM & TRX Prices Fighting the Bearish Heat: Here’s What to Expect appeared first on Coinpedia Fintech News Bitcoin price appears to be in ‘Dire-Straits’ while some of the altcoins like Fantom & Tron are gaining strength. Ever since the Ethereum price displayed strength, the altcoins have turned out to be poised to achieve fresh highs in the later part of the year.  Tron (TRX) Price Analysis The March pullback heavily dragged the TRX price…

XRP, one of the leading cryptocurrencies, is currently grappling with extended bearish pressure amid prevailing market weakness. The digital asset has been facing significant downward momentum, influenced by a confluence of factors including macroeconomic uncertainties, regulatory challenges, and broader market sentiment.  Thus far, XRP’s price has struggled to maintain key support levels, exacerbating concerns among traders and investors about its near-term performance. As bearish momentum continues to dominate, this analysis delves into evaluating XRP’s current market position with the help…

Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the…

The post The Good, Bad and Ugly: Celo Tumbles, Raboo Surges Record Heights, DOGE Faces Bearish Pressure appeared first on Coinpedia Fintech News Investors are beginning to get used to the instability that market trends have shown in the past few months. With coins like Celo and Doge showing bearish momentum, holders are on the lookout for new projects with more stable indicators. Raboo is a new meme coin that prioritizes building a United community of meme lovers. With over…

The Litecoin network is preparing for its 2024 summit in July that will bring together web3 developers, and innovators across the industry to discuss the LTC future. Litecoin price has struggled to establish a bullish momentum above the weekly 50 MA, thus indicating further bearish pressure. Litecoin (LTC), the third largest proof-of-work (POW) secured blockchain with a total hash rate of around 969.52 TH/s, has attracted different opinions over the years due to its macro consolidation. While some crypto analysts…

Bitcoin price extended its losses and traded below the $64,500 level. BTC is correcting losses, but the bears are still in control and aim for more losses. Bitcoin remained in a bearish zone and traded below $64,500. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a connecting trend line forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair remains at risk of more…

The post Top Crypto Tokens Stumble As Cryptocurrency Market Hints A Bearish Price Action This Week! appeared first on Coinpedia Fintech News The crypto market has lost 2.47% in valuation from $2.39 Trillion to $2.33 Trillion within 24 hours and has erased $100 Billion from its portfolio this week. Furthermore, Bitcoin has displayed a similar trend by losing 0.98% with a 24-hour low of $64,597.25. On the other hand, Ethereum has plunged below the $3.4K mark, with a correction of…