Bearish

Bitcoin (BTC), the leading cryptocurrency by market capitalization, appears to be heading for further declines as market sentiment turns increasingly bearish. Recent analysis shows that BTC is struggling to maintain key support levels, and the overall mood among traders and investors is shifting towards caution. Several factors such as macroeconomic pressures, regulatory concerns, and technical indicators contribute to this negative outlook. As Bitcoin continues to face selling pressure, the potential for additional downside becomes more pronounced. This article explores Bitcoin’s…

Despite Floki Inu’s significant price surge, the recent bearish pressure has raised concern among investors with concerns about the sustainability of its bullish run. Despite the ongoing bearish pressure, FLOKI’s robust community, token burns, and ongoing market interest suggest a potential surge in Floki Inu’s price. In the past few weeks, Floki Inu has tremendously captured the attention of the crypto world with an 80% surge following the bullish breakout. This surge has brought about investors pouring in their investments…

Ripple has again raised concerns in the XRP community following its recent XRP sale. This comes amid XRP’s unimpressive price action, which continues to paint a bearish outlook for the crypto token.  Ripple Sells 150 Million Tokens On-chain data shows that the crypto firm offloaded 150 million XRP tokens ($78 million) on June 7. These tokens formed part of the 1 billion XRP tokens, which were recently unlocked as part of its monthly escrow unlock, which is set to continue…

The post Bitcoin Cash Stands Strong in Bearish Market With 5% Gains, Investors Pour Into New DeFi Project With 10x Potential  appeared first on Coinpedia Fintech News Bitcoin Cash has been showing good bullish momentum for quite some time. While the whole market is in correction mode, it has maintained its strength. BCH Price has made an inverse head-and-shoulder pattern, the breakout of which can start the rally to new highs. Amid the market correction, DTX Exchange, a new decentralized…

Polkadot (DOT), a popular cryptocurrency in the blockchain space, has been making waves with its innovative approach to interoperability and scalability. However, like any financial asset, its price movement is subject to various technical analysis patterns, one of which is the rising wedge chart pattern. The formation of a rising wedge pattern on DOT’s price chart suggests that despite its recent upward trajectory, there could be a downturn on the horizon. Traders and investors often watch for confirmation signals such…

Crypto analyst Ali Martinez recently revealed the bearish sentiment surrounding Dogecoin (DOGE). Interestingly, he suggested this might be a good opportunity to invest in the foremost meme coin as things could soon turn bullish.  The Bearish Sentiment Around Dogecoin Martinez mentioned in an X (formerly Twitter) post that the market sentiment for Dogecoin is as bearish as it was in early February. Specifically, the crypto analyst was referring to Dogecoin’s social volume and weighted sentiment, which were currently signaling a…

Ethereum price is showing a few bearish signs below the $3,840 support. ETH could gain bearish momentum if there is a clear move below $3,700. Ethereum extended its decline and tested the $3,700 zone. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is…

The Polkadot (DOT) price managed to hold above the crucial $7 level after a bearish week that saw the asset register a sharp decline from $7.63 to $6.97 as sellers took control of the market. Polkadot (DOT) stabilized over the weekend, with buyers entering the market and pushing the price to $7.05 on Saturday. Polkadot (DOT) Stays Above Crucial $7 Mark The Polkadot (DOT) price was in the red for almost all of last week, dropping to $6.97 by Friday.…

The Polkadot (DOT) price faced significant resistance at $7.60, following which it declined considerably to below the $7 level over the next few sessions. Polkadot (DOT) had seen a bullish few days, during which the price jumped from its support level of $6.40 to $7.50, but sellers seemed to have reversed the trend. Can Polkadot (DOT) Hold Above $7 Polkadot (DOT) came across significant selling pressure at $7.60, leading to the price registering a considerable decline. Currently, DOT is confined…