Decline

BNB price started a major decline and dived below the $500 support. The price is now gaining bearish momentum and might even test $420. BNB price started a major decline below the $550 support zone. The price is now trading below $500 and the 100-hourly simple moving average. There is a connecting bearish trend line forming with resistance at $495 on the hourly chart of the BNB/USD pair (data source from Binance). The pair could extend losses and even test…

The post Book Of Meme (BOME) Continues To Decline Under $0.08, Hold or Sell? appeared first on Coinpedia Fintech News Book Of Meme (BOME) is trading near the crucial support of $0.0079 Technical indicators show a neutral to bearish trend Market sentiments turned negative for a long time now, and a shift is anticipated The 3rd largest Solana meme coin BOME is in a downward trend, moving 37% alone in the last 30 days. Currently changing hands at $0.008212 with…

Ethereum (ETH) is experiencing a significant downturn, with its price rapidly approaching the crucial support level of $3,051. This sharp decline highlights increased selling pressure and growing bearish sentiment in the market.  As Ethereum nears this critical threshold, traders are closely monitoring its behavior for signs of either a stabilization or a further drop. The $3,051 support level is now a focal point, determining the short-term direction of Ethereum’s price action and potentially setting the stage for future movements in…

Bitcoin (BTC) has just dropped under $61,000 amid fears of continued selling from the US and German governments, and potential fresh selling from Mt. Gox BTC holders. Will the decline continue, or is $BTC at or near the bottom now? Bulls or bears? Bitcoin has been at the bottom of its range, and below $63,000 for the past ten days. Buyers and sellers are having a Battle Royale between the $63,000 down to the $60,000 price levels, and it’s still…

Bitcoin mining has seen a massive slice in its hashrate as miners begin selling off. Despite the slowing hashrate, many mainstream firms like Deutsche Telekom plan to break into the industry. Recent data from Blockchain.com reveals a decline in Bitcoin (BTC) mining hashrate, reaching its lowest level since early March. This decline coincided with a substantial decrease in Bitcoin’s prices, raising concerns about profitability and overall network health. Measuring Miners’ Sentiments With Hashrate Essentially, the mining hashrate is the combined…

XRP could drop to $0.13 as part of Wave C, says Rastani. Corrective rallies are bearish, with potential further declines expected. According to recent chart analysis by crypto analyst Alessio Rastani, XRP is in serious trouble. Rastani emphasized a number of dire warnings about possible price drops for the cryptocurrency. Why is XRP in Trouble? Rastani said in a YouTube video that Wave C of his Elliot Wave Theory research would see XRP fall below $0.13 or perhaps lower. He…

The post Can Decreased Miners’ Selling Pressure Curb Further Bitcoin Price Decline Ahead? appeared first on Coinpedia Fintech News Bitcoin (BTC) price has continued to consolidate around $61k in the past four days, amid heightened fear of further crypto capitulation. The flagship coin has seen its daily Relative Strength Index (RSI) hover around the oversold level in the past week, thus signaling a possible BTC price rebound. However, the heightened demand for the altcoin market fueled by the upcoming listing…

Dogwifhat (WIF) is experiencing increased bearish pressure after facing a significant rejection at the $2.13 resistance level. This rejection marks a pivotal moment, pushing the price downward and signaling potential continued losses for the cryptocurrency.  Market analysts and investors are closely watching this development, as the inability to break through the $2.13 barrier underscores prevailing selling pressure. As WIF navigates this challenging phase, the focus shifts to identifying the next support levels and understanding the broader market implications of this…

Cardano (ADA) is currently experiencing a downward trend, with its price approaching the crucial support level of $0.3389. The cryptocurrency market has been under significant bearish pressure, and ADA is no exception.  This decline is fueled by a mix of macroeconomic factors, market sentiment, and technical indicators pointing to continued weakness. As Cardano nears this critical support level, investors and traders are closely monitoring its performance to determine if it can hold the line or if further declines are imminent.…