Bearish

The post Cardano Price Records Bearish Signals! ADA Price To Retest $0.41? appeared first on Coinpedia Fintech News The market leader, BTC price, fails to hold its value above the $62K mark, highlighting a weak bullpower in the crypto space. Moreover, top altcoins record a similar trend with ETH price constantly struggling to hold its price above the $3,000 mark. On the other hand, the Cardano (ADA) price has displayed a jump of approximately 5% within the past day and…

Bitcoin price extended losses and traded below the $62,500 zone. BTC is showing bearish signs and might turn bearish if it settles below $60,000. Bitcoin followed a bearish path and traded below $62,500. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $62,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses and revisit the $60,000 support…

The post Bearish Impact Escalating over the BTC Price Rally, Is Bitcoin in the Middle of a 50% Capitulation? appeared first on Coinpedia Fintech News Bitcoin has been hovering within a pre-determined range ever since the token failed to march above the newly formed highs. This appears to have negatively impacted the bullish momentum, as the prices have maintained a steep bearish trend. Moreover, whenever the crypto tries hard to print a huge bullish candle, the bears jump in no…

Data shows the Bitcoin Open Interest as a percentage of its market cap has been at lows recently, a sign the derivatives side has been healthy. Bitcoin Open Interest Is Now Less Than 2% Of The Market Cap As explained by analyst James Van Straten in a new post on X, the derivatives side of the market has looked “extremely healthy” while BTC’s latest recovery has occurred. The metric of interest here is the “Open Interest,” which keeps track of…

Bitcoin price extended losses and settled below $60,000. BTC is now consolidating losses near $58,000 and remains at risk of more downsides in the near term. Bitcoin extended losses and traded below the $60,000 zone. The price is trading below $59,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move down since…

The post AVAX Price Plans Bearish Trap Breakout With A Double Bottom appeared first on Coinpedia Fintech News With the dreams of reaching $100 delayed, the AVAX price in the correction phase now aims to avoid any further correction below $30. As the downtrend now accounts for a 50% decline, the altcoin forms a bearish channel pattern in the daily chart.  As the adamant buyers avoid a drop below $30, the underlying gear shifts towards a bullish reversal. With the…

XRP price is struggling to recover above the $0.520 resistance. The price could gain bearish momentum if it breaks the $0.50 support. XRP is attempting a fresh increase and facing hurdles near $0.520. The price is now trading near $0.5150 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance at $0.520 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair could gain bullish momentum if there…

Outflows in digital asset investment products continued for the third week in a row. The latest weekly outflow of $435 million marked the highest outflow since March. According to the latest report by CoinShares, the trading volumes in Exchange-Traded Products (ETPs) dropped to $11.8 billion last week from $18 billion the previous week, with Bitcoin prices declining by 6%. Bitcoin and Ethereum Lead Digital Asset Outflows The latest edition of CoinShares’ Digital Asset Fund Flows revealed that outflows were concentrated…

Crypto analyst Josh Olszewicz is once again warning of a looming Dogecoin price crash. The analysis hinges on the Ichimoku Cloud, a comprehensive indicator that provides information on support/resistance levels, momentum, and trend direction. Olszewicz’s analysis points to two specific technical phenomena on the 1-day (1D) chart of DOGE against the US dollar (DOGE/USD). Via X, he remarked “1D DOGE: bearish TK cross + bearish Kumo breakout. Bearish Signals For Dogecoin The bearish TK cross refers to the bearish crossover between…