Downturn

Dogecoin’s price has risen with speculation about its potential integration as a payment method on X. BitMex founder Arthur Hayes has shown support for Dogecoin, buying more during the market downturn. Dogecoin has experienced a surprising uptick in price, deviating from the broader cryptocurrency market’s bearish trend. This unexpected rise is largely attributed to speculations regarding the integration of Dogecoin payments on X. The anticipation of this development has stirred excitement within the Dogecoin community and sparked a notable increase…

Uniswap (UNI), a prominent decentralized exchange token, is bracing for further declines as the broader cryptocurrency market experiences a significant downturn. Recent market trends indicate a continuation of bearish momentum, which has impacted UNI’s price negatively.  Several factors, including macroeconomic uncertainties, regulatory pressures, and shifts in investor sentiment, are contributing to this extended downtrend. As Uniswap’s price breaks key support levels, the likelihood of additional losses increases. This article delves into UNI’s price analysis with the help of technical indicators…

XRP price failed to recover above the $0.5050 resistance zone. The price is now moving lower and might gain bearish momentum below the $0.480 support. XRP is gaining bearish momentum below the $0.500 support. The price is now trading below $0.500 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $0.4950 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could decline heavily if it…

Bitcoin price failed to stay above the $68,500 support zone. BTC extended losses and now showing bearish signs below the $68,800 level. Bitcoin started another decline from the $70,150 resistance zone. The price is trading below $68,800 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $69,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could further if there is a clear move below the…

Bitcoin’s (BTC) price fell to $69,000 after Friday’s mixed US job data release, leading to over $411 million in liquidations. This decline followed the crypto market’s reaction to new economic indicators, which showed both positive and concerning signs for the US economy. Economic Indicators and Market Sentiment Set the Stage for Bitcoin’s Next Move Non-farm payrolls expanded to 272,000 for May, significantly above April’s 165,000 and the Dow Jones estimate of 190,000. However, the unemployment rate rose to 4% for…

The recent downturns experienced by Ripple (XRP) and Shiba Inu (SHIB) have prompted major investors, commonly referred to as whales, to scout for alternative investment opportunities like the RCO Finance (RCOF) presale which offers 1,580% ROI by the end of the presale. Notably, RCO Finance (RCOF) is becoming a preferred choice among investors due to its groundbreaking approach to integrating cryptocurrencies with traditional financial assets.  This article will explore the recent trends affecting XRP and SHIB and why RCO Finance…

Solana (SOL) defied a slight market dip today, maintaining key support levels and sparking renewed optimism among investors. The altcoin boasts a healthy 24-hour trading volume of $6.50 billion, solidifying its position among the top cryptocurrencies. Market dominance for SOL sits at 3.04%. Analyst Bullish On Solana, Predicts Meteoric Rise Prominent crypto analyst Trader Tardigrade isn’t shying away from bold predictions. In a recent analysis, Tardigrade expressed a highly optimistic view of Solana’s future price trajectory. According to the analyst,…

Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much attention from traders and market experts alike.  ETH Whale Liquidates Holdings, Incurs Substantial Loss In an X post on May 11, blockchain tracking platform Lookonchain…

Amid the ongoing market downturn, finding profitable altcoins to invest in has become difficult. However, despite the uncertainties, there are still some top altcoins to buy that will give massive returns in the coming months. They include KangaMoon, Ethereum, Solana, Fantom, and Injective. With the current market correction, now might be the best time to buy the dip. Let's see the reasons you should invest in these altcoins for massive returns soon. KangaMoon (KANG): The New Player in the Altcoin…