Downtrend

Optimism current price action has caught the market’s attention as bullish momentum builds, driving the price toward the pivotal $1.8 level. This upward drive could mark a potential turning point, challenging the prevailing downtrend that has kept the bulls in check for weeks. As buyers regain control, speculations are, is the once-dominant bearish trend on the verge of collapse, or will resistance at $1.8 hold firm?  This analysis explores the recent positive momentum propelling Optimism toward the crucial $1.8 resistance level…

The post DigiHorse $DIGI Sets Stage for Massive Growth in Presale, as BNB, LTC, Face Downtrend appeared first on Coinpedia Fintech News Binance (BNB) and Litecoin (LTC), once cult favourites have struggled recently, with BNB dropping 26.65% in the last few days and LTC showing continuous resistance.  More than ever before, investors are seeking new earning opportunities. Digihorse (DIGI), despite being a newer token, has demonstrated significant potential, with experts predicting a 2150% growth in the upcoming stage. BNB Faces…

A market strategist has declared that Bitcoin (BTC), the world’s largest cryptocurrency, has finally concluded its downtrend. According to the strategist, Bitcoin may be heading to a new price target, driven by the positive shift in its market value.  Bitcoin Downtrend Is Over A crypto analyst identified as ‘Rekt Capital’ on X (formerly Twitter) has announced to his 484,500 followers that Bitcoin’s prolonged downward trend was officially over. The analyst, who has been monitoring the cryptocurrency’s market and price actions,…

Popular meme coin, Dogecoin, recently faced a rejection at a significant resistance level of $0.1293. This setback has led the crypto asset to start a fresh downward move towards its previous low of $0.0914. Since DOGE failed to break past the $0.1293 barrier, this has led to speculations among market participants about the next move of the digital asset. In this article, we will examine the post-rejection price actions of DOGE with the help of technical indicators to determine what…

Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase…

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…

Pepe has seen an 8% surge in the last week, with a 9% increase in the past 24 hours. Technical indicators like RSI and Awesome Oscillator suggest bearish sentiment, with PEPE’s price below key support levels despite investor profit booking. The price of Pepe (PEPE) has experienced a bearish trend over the past 24 hours, fluctuating between an intra-day high of $0.00001176 and a low of $0.00001041. Pepe coin has experienced a notable 8% price surge in the last seven…

TON has experienced a dramatic price shift, falling below $7.7 three days after reaching an all-time high of $8.2. This sudden decline has caught the attention of investors and market analysts, raising concerns and sparking discussions about the potential implications of this sharp reversal.  It also follows a period of intense volatility and highlights the unpredictable nature of the cryptocurrency market. With TON’s price trajectory undergoing significant fluctuations, it’s essential to examine the factors contributing to this downturn and explore what…

The Bitcoin on-chain metrics continue to show bullish signs that a parabolic breakout is imminent for the flagship crypto. The latest of these metrics is a significant turnaround in Bitcoin’s network activity, which could further provide bullish momentum for the crypto token.  Bitcoin Sees Surge In Network Activity  Crypto analyst Ali Martinez revealed in an X (formerly Twitter) post that the number of daily Bitcoin addresses had broken a downtrend that began on March 5. He added that 756,480 Bitcoin…