Decline

Cardano price started a fresh decline below the $0.4120 support. Ethereum’s decline seems to be dragging ADA lower toward the $0.380 support. ADA price started a fresh decline from the $0.450 resistance zone. The price is trading below $0.4120 and the 100-hourly simple moving average. There is a key bearish trend line forming with resistance at $0.4060 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could continue to move down and test the $0.380…

The cryptocurrency market has recently witnessed a major shift as Pepe (PEPE) faces a downturn. At the same time, its top rival, MoonTaurus (MNTR), attracts significant attention. Investors are rapidly buying MoonTaurus in the first stage of its presale at $0.005, creating a wave of interest as the next phase promises a 100% increase. The current momentum behind MoonTaurus highlights its potential, contrasting with the bearish trends impacting top meme coins like PEPE. MoonTaurus (MNTR): The New Contender MoonTaurus (MNTR)…

In recent trading activities, XRP has taken a significant hit in its latest attempt to rally toward its previous high of $0.6360. Despite initial bullish momentum suggesting a potential breakout, XRP could not sustain its upward trajectory. The failure to reach the anticipated target has led to a notable decline in value, raising concerns among traders and analysts about the short-term outlook for XRP. As XRP struggles with these hurdles, this article seeks to analyze its current price movement and…

The post Bitcoin Prediction: Is Price Stuck Due to ETF Inflow Drop? Healthy Inflows Hint at $70k, but Decline Could Spell Trouble appeared first on Coinpedia Fintech News Bitcoin is currently experiencing a short-term warning signal as it continues to retest a critical chart area. This movement is happening alongside significant new liquidations that need close monitoring. According to analyst Josh of Crypto World,  Wednesday, there was a decrease in net inflow to spot Bitcoin ETFs compared to earlier in…

The Bitcoin price has crashed back toward the $56,000 level after a brief pump triggered by the CPI data release on Thursday, showing that inflation rates came out at 3%, lower than expected. This bearish trend has continued despite desperate attempts from bulls to keep the price up. Even then, one crypto analyst does not believe that the decline is done and expects the fall to continue from here. Bitcoin Dump Far From Over A crypto analyst on the TradingView…

Dogecoin’s recent recovery has been abruptly halted by renewed bearish pressure, paving the way for a potential further decline. After attempting a rebound, the bears have regained control of the market, pushing DOGE back toward its previous low of  $0.0914. As the crypto asset’s price moves towards this level, speculations are whether it will break or experience a rejection and begin to move upward. This article delves into providing an analysis of Dogecoin’s recent price action to identify and examine…

Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited…

On-chain data shows that Shiba Inu (SHIB) has witnessed a massive decline in whale activity. This is significant for the meme coin’s ecosystem, considering the impact these investors usually have on Shiba Inu’s price.  Shiba Inu’s Whale Activity Declines By Over 100% Data from the market intelligence platform IntoTheBlock shows that Shiba Inu’s whale activity has declined by over 100% in the last seven days. This is based on the large holders’ netflow metric, which indicates when these whales are…

The post Bitcoin Decline Causes Sharp Drop In Crypto Stocks Ahead Of US Job Report appeared first on Coinpedia Fintech News The stock of prominent crypto companies experienced significant declines as Bitcoin’s decline intensified. MicroStrategy’s shares plummeted over 6% in premarket trading. The MSTR stock plunged 6.53% to $85.09 today. Bitcoin mining firms like Riot Platforms (RIOT) and Marathon Digital (MARA) suffered losses of 5.64% 6.48% and 8.8%, respectively. Further, Marathon Digital’s June mining output decreased to 590 BTC from…