Decline

Cardano price failed to surpass $0.40 and started another decline. ADA is now trading below $0.3850 and might extend losses in the near term. ADA price started a fresh decline and traded below $0.3880. The price is trading below $0.3850 and the 100-hourly simple moving average. There was a break below a key bullish trend line with support at $0.3845 on the hourly chart of the ADA/USD pair (data source from Kraken). The pair could extend losses and test the…

The post Dogecoin Attracts Nearly $21 Million in Accumulation Amid Market Decline: Can Bulls Spark a DOGE Price Rally? appeared first on Coinpedia Fintech News Despite Bitcoin’s recent decline towards the $58K level, the meme coin sector has maintained its momentum. Many top meme coins preserved their volatility during the sharp market drop, as they are generally less affected by market declines. Notably, Dogecoin’s price has rebounded from its recent low due to increased accumulation. Currently, DOGE is targeting a…

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above the…

The post Ethereum Faces Over $80 Million in Liquidations as Whale Transactions Decline! What’s Next for ETH Prices? appeared first on Coinpedia Fintech News Today, the cryptocurrency market faced a lot of selling, causing the price of Bitcoin to fall sharply below important support levels and head toward a low of $59,000. This drop was triggered by an announcement from Mt. Gox about starting repayments, which led to fears of more selling. At the same time, the price of Ethereum…

Dogwifhat (WIF) has come under intense bearish pressure, which has led to the loss of its top 50 crypto status in the market. WIF has emerged as a formidable challenger to becoming the third largest memecoin after Dogecoin (DOGE) and Shiba Inu (SHIB). Dogwifhat (WIF) investors have been dealt a blow with the memecoin losing its top 50 status after a 38% price dump. Although the Solana-based token remains the fourth-ranked memecoin, it has declined in its top 100 ranking…

Cardano loses key price levels amid the overall market’s decline. FLOKI, a top meme, also bowed to bearish pressure. Rebel Satoshi Arcade, an up-and-coming GameFi memecoin, sells out fast in presale as interest skyrockets. The crypto market took a downturn, sparing none. Cardano’s (ADA) sharp decline remains a subject of much discussion—a bloodbath. Memecoins are also in the red, with FLOKI (FLOKI), a leading dog-themed memecoin, struggling with momentum. In stark contrast, Rebel Satoshi Arcade (RECQ), one of the best…

Bitcoin is currently experiencing a notable decline, with its price steadily approaching the crucial $60,000 mark. The market sentiment has turned increasingly bearish, driven by a combination of macroeconomic factors and a recent surge in selling pressure.  This shift has seen Bitcoin struggling to maintain higher levels, triggering anxiety among investors and traders. As the bears take control, the $60,000 threshold becomes a focal point, with many watching closely to see if the crypto asset can find support or continue…

The post MicroStrategy’s Michael Saylor Reaction To Bitcoin’s Decline appeared first on Coinpedia Fintech News Michael Saylor, the well-known Bitcoin proponent has an optimistic response to Bitcoin’s downturn. During Friday’s trading session, the Bitcoin price fell to more than a one-month low of $63,300 which also coincides with the substantial outflows of BTC ETFs and fading prospects of interest rate cuts in the United States. In the given backdrop, Saylor shared a lighthearted meme with an image featuring the beloved…

ADA and XRP undergo a massive shorting amid the ongoing market downturn, however, analysts believe that this could be a catalyst for a bullish reversal.  Another analyst discloses that crypto assets have about 8-10 months to return to bullish ways after their previous peak, implying that XRP’s rally is long overdue.  Amid the ongoing broad market downturn, Cardano (ADA) and Ripple’s XRP follow the bearish direction of Bitcoin (BTC) which has broken a crucial support level to trade below $64k.…