XRP Price Slips Again, Bears Tighten Grip As Momentum Turns Negative

Litecoin rises more than 5 percent tracking the relief rally in Bitcoin. However, the cryptocurrency is expected to face renewed bearish momentum near $4.500. In my previous Litecoin technical analysis, I mentioned that Litecoin is in the strong grip of the bears. I maintain my bearish view on the cryptocurrency and see significant price advances being sold into. Technically, things look bearish for Litecoin and we should see $3.000 this month. Litecoin Chart Structure - There hasn't been a meaningful change in the chart structure, which is that of a lower top, lower bottom. Fibonacci....

Cardano (ADA) has once more dropped below the crucial $0.3389 support level, sparking fears of an extended bearish phase. This level has previously held strong as a line of defense for ADA, but its recent breach suggests that sellers may be gaining the upper hand. With ADA navigating lower levels, investors are left questioning whether this slip could open the door to a deeper downtrend. As bears tighten their grip, this article aims to analyze the recent decline of ADA below the critical $0.3389 support level and evaluate the likelihood of a deeper downtrend unfolding. By exploring....

Bitcoin is currently trading below the $100K mark, with no clear trend in sight. After an intense period of volatility, bulls lost control last weekend, failing to sustain momentum for a breakout above all-time highs. However, bears also lack the strength to push the price significantly lower, leaving BTC in a state of consolidation. Related […]

Dogecoin has leapt a massive 8% today disrespecting the resistance level of 50 to be trading at 50.8 satoshis. I have been maintaining in earlier analyses that a major move was expected in Dogecoin as the week comes to a close. The bears have given away the slight advantage that they had over the bulls and the onus is now completely on bulls to tighten their grip. Taking a technical look at the 240-minute Dogecoin/BTC price chart above reveals that the upmove has been backed by strength and that maintaining this bullish momentum will be the key to see a further rise in the market cap of....

Bitcoin price started another decline from the $60,650 resistance. BTC is now at risk of more downsides below the $57,500 support zone. Bitcoin is correcting gains and gaining bearish pace below the $59,000 level. The price is trading below $58,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $58,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could climb again if it stays above the $57,500 support zone. Bitcoin Price Turns Red Bitcoin price struggled to clear the $60,000 resistance zone and....