Downtrend

When the market shakes and prices tumble, certain underrated digital currencies rise to the occasion. This article reveals a selection of overlooked crypto assets poised for significant gains. Despite the downturn, these hidden treasures show signs of impressive potential. Join the journey to uncover which tokens could soar, defying the broader market trend. CYBRO Presale Approaching $3 Million Milestone: A Top Opportunity for Investors CYBRO is a cutting-edge aggregator platform designed to optimize crypto earnings on the Blast blockchain, offering…

Ethereum price is gaining pace below the $2,550 resistance. ETH is now trading above $2,500, but it might struggle to recover above $2,550. Ethereum started a downside correction below the $2,550 zone. The price is trading below $2,520 and the 100-hourly Simple Moving Average. There is a short-term consolidation pattern forming with resistance at $2,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,420 support to start a fresh increase in the…

Ethereum (ETH) looks to have found a bottom at long last. $2,000 may well have been that bottom, and $ETH is now starting to claw its way back up. $2,820 is the higher high that would turn the trend back around for the giant layer 1 cryptocurrency. Has $ETH turned the corner For $ETH investors, it's been a long and painful six months, in which time the $ETH price has not only continued to fall against the dollar, but also…

Dogecoin (DOGE) is holding strong above a key price level after a small market dip on Sunday, putting it at a crucial turning point. The meme coin recently broke out of a monthly downtrend that has kept its price suppressed since late March, signaling a potential shift in momentum.  Analysts and investors are growing increasingly optimistic about DOGE’s latest price action, with some predicting that if Dogecoin breaks above the $0.12 mark, it could trigger a larger rally in the…

Bitcoin price remained supported near the $52,500 zone. BTC is recovering losses and facing hurdles near the $55,200 and $55,500 levels. Bitcoin is struggling to recover above the $55,500 zone. The price is trading below $55,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $55,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could struggle to recover above the $55,500 or $56,000 resistance levels…

XRP price extended losses below the $0.5650 support. The price is showing bearish signs and might even decline below the $0.540 level. XRP price started a fresh decline below the $0.600 zone. The price is now trading below $0.5650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $0.5560 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could attempt a recovery wave if it clears the…

The post Analyst Predicts Bitcoin Downtrend Until Late 2024, Reminds of Unrealized $100K Predictions from 2019 appeared first on Coinpedia Fintech News Bitcoin recently faced rejection at the $60k levels, signaling short-term resistance. This pattern mirrors what happened in 2019, where Bitcoin experienced similar challenges before eventually declining. Analyst Benjamin Cowen compared 2023 to 2019 earlier this year, when many believed Bitcoin would rise to $100,000 before the next halving. However, as more people adopt the 2019 comparison, the analyst…

The post Crypto Market Today: Bitcoin Falls Below $60K Again, Is This the Start of a Downtrend? appeared first on Coinpedia Fintech News Bitcoin has been keeping everyone on edge lately with its dramatic price swings, resembling a rollercoaster ride. The cryptocurrency’s value has seen sharp rises, offering moments of excitement, only to dip back down to its starting point. Recently, Bitcoin briefly touched the $64,000 mark, sparking renewed interest among investors. However, it has since fallen below $60,000, dropping…

The memecoins are ready to run, and $PEPE, $WIF, and $BRETT will be among the favourites to get out of the blocks first. However, everything still depends on whether $BTC can also continue its upward trend. Watch for Bitcoin rebound With Bitcoin Dominance at 57.54%, the influence that the king of the cryptocurrencies has over the rest of the crypto market is undoubted. If $BTC sneezes, the altcoins catch a cold, and if $BTC puts on a spurt, the best…