Decline

Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,320 zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,430 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 resistance to continue higher in the…

Data shows that the Paper Bitcoin inventory on exchanges has been on a decline recently. Here’s what it could imply for the cryptocurrency’s price. Bitcoin Inventory On Exchanges Has Seen A Drawdown Recently In a new post on X, analyst Willy Woo has discussed the latest trend in the Bitcoin inventory sitting on centralized exchanges. Such platforms have two types of reserves: Spot BTC and Paper BTC. The former of these is simply the actual tokens that the exchanges are…

The Bitcoin recent price volatility, including a crash below $50,000 last month, has significantly slowed down the momentum of the bull run many analysts are anticipating. Despite the price lull, a certain crypto analyst believes that the Bitcoin bull run is still on track, predicting a sharp rise to over $100,000 once current price corrections stabilize.  Bitcoin Bull Run Still Going Strong Popular crypto analyst, CryptoCon sees Bitcoin’s recent price drop as a minor setback, suggesting that the cryptocurrency’s highly…

Cardano (ADA) is approaching a crucial support level at $0.3389, a point that could determine its next major price movement. As the cryptocurrency nears this significant threshold, the question arises: will it hold firm, or will a break below signal a deeper decline? This pivotal moment could set the stage for significant shifts in ADA’s price trajectory. This article aims to analyze ADA’s current price dynamics as it approaches the $0.3389 support level. We will examine the significance of this…

Hamster Kombat is encountering significant setbacks, clouding the future of what was once a burgeoning force in the P2E realm, while BlockDAG has launched an exciting new game, TG Tap Miner, that rewards players' quick reflexes with BDAG cryptocurrency on Telegram. In this exploration, we delve into the decline of Hamster Kombat, once a powerhouse in P2E gaming, and the rise of BlockDAG, which is swiftly becoming a gamer favorite with its innovative play-to-earn model. Hamster Kombat's Waning Prospects Amidst…

The post Is Bitcoin Price Headed for a Further Decline? The Ripple Effect of FED’s Announcements appeared first on Coinpedia Fintech News With only four days to the end of the dreaded choppy month, the cryptocurrency market, led by Bitcoin (BTC), has signaled possible bearish sentiment in the short term. The recent bullish outlook, triggered by the Fed’s announcement of monetary policy change before the end of the year, is gradually fading away.  Furthermore, the 2 percent drop in Bitcoin…

Toncoin is in a precarious position as it tumbles to $4.6, with bears eager to push prices even lower. With key support levels hanging by a thread, the big question on everyone’s mind is whether the bulls can muster enough strength to defend it or if a further drop is on the horizon. As uncertainty looms, the battle for $4.6 could determine whether Toncoin stabilizes or faces a deeper descent. This article aims to analyze Toncoin’s recent drop to $4.6…

The post SAND Braces for Potential Decline, Bitcoin Under Sell Pressure, and DIGI Poised for Major Gains appeared first on Coinpedia Fintech News Sandbox (SAND) recently climbed to $0.27, but a negative MVRV indicates it could decline further to $0.20. Bitcoin is under pressure, falling 2.5% to $58,500 due to government sales of Silk Road-linked holdings.  Meanwhile, DigiHorse (DIGI) is gaining momentum with its presale, promising a potential 2,150% price surge upon listing, driven by strategic partnerships and a solid…

The crypto market has witnessed a substantial surge in the Cardano trading volume over the last 24 hours. Yet, the blockchain’s native token, ADA, has failed to deliver a proportional price increase.  Bullish Cardano Volume Data According to data from the information platform CoinGlass, Cardano, currently the 11th largest cryptocurrency by market capitalization, has experienced a 150% surge in trading volume in the 24 hours, amounting to approximately $477 million. CoinGecko’s data also corroborates this trend, revealing a substantial 67%…