XRP Begins Breaking Down as Technical Weakness Weighs Heavy
XRP has been flashing some signs of weakness throughout the past few days and weeks, with the selling pressure seen around the mid-$0.60 region proving to be too significant for the cryptocurrency to surmount. Where it trends in the mid-term will depend largely on whether or not this level continues holding strong as resistance. If […]
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Ethereum price registered heavy losses and even closed below the $12.00 handle against the USD. Can the price recover moving ahead? Key Highlights. Ethereum price dived sharply against the US Dollar, and one of the main reasons could be Ethereum classic price surge. Yesterday’s highlighted bearish trend line on the hourly chart (data feed via Kraken) of ETH/USD acted as a perfect barrier in pushing the price down. There was a heavy bearish pressure noted on ETH/USD, which could stay here for some time. Ethereum Price Weakness. Ethereum price ETH was under a lot of bearish pressure during....
Ethereum is seeing some technical weakness today despite the strength seen by Bitcoin Some bearish events within the DeFi sector may be contributing to this, including a massive smart contract exploit that cost investors millions This has caused it to see some notable underperformance of Bitcoin throughout the past 24 hours Despite this short-term technical weakness, one analyst is still noting that the bull case is growing stronger each day He notes that a move […]
Bitcoin’s price is currently plunging, with the growing sell-side pressure coming from a combination of technical uncertainty, weakness in the stock market, and strength in the US Dollar BTC’s recent inability to break above $11,000 may also be one factor behind this recent turbulence, as it elucidated underlying weakness amongst bulls One trader, in particular, is now noting that he is expecting the crypto to see some serious near-term downside He is setting his sights […]
Bitcoin price is struggling to break through resistance at $50,000, and it could partially be altcoins to blame for the weakness. The most recent technical structure on the highest time frames suggests that not only could alts continue to gain against BTC dominance, altcoin season itself could last a while longer. Bitcoin Dominance And Technical Analysis Using The Metric Technical analysis is a subjective art. The practice has enough naysayers as is, but even those that subscribe to the study don’t always believe that all charts are created equally. For example, there are several....
In the previous Litecoin price technical analysis Flat Action, we discussed that if Litecoin fails to cross the resistance posed by the level of $3.160, it runs the risk of entering into a range. As can be seen, Litecoin has plummeted 4.44 percent to $2.907 as traders resorted to profit taking near the resistance. Another factor weighing on Litecoin is the weakness in the Bitcoin market. However, the good news is that Bitcoin is now close to its support level of $235. Values from the technical indicators overlaid on the daily LTC-USD price chart also suggest that there is an increased....