XRP Price Recovery Looks Fragile—Can Bulls Break the Cap?
XRP price started a recovery wave above $1.90. The price is now consolidating and might struggle to clear the $2.00 resistance. XRP price started a recovery wave above the $1.9050 zone. The price is now trading below $2.00 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.9520…
Bitcoin, Ethereum Plunge Triggers Near-$600 Million Crypto Long Flush
Bitcoin, Ethereum, and other digital assets have witnessed a sharp retrace during the last 24 hours, which has resulted in a long squeeze on derivatives exchanges. Crypto Long Liquidations Have Neared $600 Million During The Past Day According to data from CoinGlass, the latest sharp price action in the cryptocurrency market has accompanied a huge…
Solana (SOL) Loses Momentum—Could Sellers Take Control Again?
Solana started a recovery wave above the $126 zone. SOL price is now consolidating and faces hurdles near the $132 zone. SOL price started a decent recovery wave above $126 and $128 against the US Dollar. The price is now trading below $130 and the 100-hourly simple moving average. There is a key bearish trend…
Bitcoin Could Drop To $70K As Bank Of Japan Rate Move Approaches—Analysts
Bitcoin risks a further drop toward the $70,000 area if the Bank of Japan follows through with an expected interest-rate rise on Dec. 19, analysts focused on macro forces warned. According to multiple macro-focused voices, the move could sap global liquidity and put fresh downward pressure on risk assets, with some traders already bracing for…
Cardano SuperTrend Turns Bearish—Last Signal Preceded 80% ADA Drop
A cryptocurrency analyst has pointed out how Cardano has formed a technical analysis (TA) signal on its weekly chart that last led into a major price drawdown. Cardano SuperTrend Has Flipped Bearish In a new SuperTrend” refers to a TA indicator that’s generally used for determining whether a given asset is following a bearish or…
Bitcoin Price Drops 5%—Is the Downtrend Back in Control?
Bitcoin price corrected gains and traded below the $88,000 support zone. BTC is now consolidating and might struggle to clear the $88,500 zone. Bitcoin started a fresh decline from the $90,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at…
Shiba Inu Remains A Familiar Crypto Name As Losses Pile Up
Shiba Inu has kept a spot in crypto talk even as its price has slid sharply. According to reports, the network had a market cap of $5 billion as of Dec. 6, and it still draws attention because people know the name. That visibility, however, does not settle the debate over whether the token belongs…
Ethereum Price Sinks Under $3K—Is Volatility About to Explode?
Ethereum price started a fresh decline below $3,000. ETH is now consolidating and might soon aim to start a recovery wave above $2,980. Ethereum started a fresh decline from the $3,175 zone. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at…
Cardano Targets $10.40 As ‘2020 Blastoff’ Pattern Returns, Analyst Says
Cardano (ADA) is getting the “2020 blastoff” treatment again — at least if you ask Quantum Ascend, a technical analyst on X who says the chart is starting to rhyme with the setup that preceded ADA’s last major run. In a Dec. 13 video shared on X, Quantum Ascend (@quantum_ascend) told followers he’s been working…
XRP Price Suffers Sharp 5% Drop—Is More Pain Ahead?
XRP price started a fresh decline below $1.950. The price is now struggling and faces resistance near the $1.920 resistance level. XRP price started a fresh decline below the $1.950 zone. The price is now trading below $1.90 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with resistance at $1.980…