XRP Bulls Lose Grip as Signals Point Toward Another Decline
XRP price started a steady increase above $2.220. The price is now struggling to clear $2.280 and might start a fresh decline below $2.150. XRP price started a fresh increase above the $2.20 zone. The price is now trading near $2.180 and the 100-hourly Simple Moving Average. There is a near bearish trend line forming with resistance at $2.2250 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair could continue to move down if it dips below $2.150. XRP Price Faces Resistance XRP price started a decent upward move above $2.120 and $2.150, like Bitcoin and Ethereum. The....
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Chainlink (LINK) is flashing bearish signals as it forms a pennant pattern, hinting at a potential continuation of its downward trajectory. After struggling to gain bullish momentum, the price remains in consolidation, with sellers keeping a tight grip on the market. If this pattern plays out, LINK could be at risk of a steep drop, with key support levels facing increased pressure. Market sentiment appears cautious, as bulls attempt to hold the line against growing bearish momentum. A breakdown from this structure might accelerate losses, pushing LINK toward lower price zones. However, if....
Bitcoin has approached the resistance of the descending triangle after extending its mini relief rally. Bitcoin is trading at $285.63, up $1.72 or 0.60 percent. This increase in price gives the short-sellers an extremely low-risk trading opportunity. However, the technical signals aren't conveying anything decisively. Take a look at the considerations drawn from the daily BTC-USD price chart below. Bitcoin Chart Structure - Bitcoin is currently testing its downward sloping trendline. The distance between the resistance and the support continues to contract and hence, a high-volume breakout....
Taking a closer look at PEPE recent movement, Crypto Man MAB noted that the token is now trading at $0.00001115, marking a 2.67% uptick in the short term. While the price increase may offer a glimmer of hope for bulls, he emphasized that the 4-hour chart still paints a broader picture of decline. Volume Spikes Tell A Story, But The Trend Stays Bearish According to Crypto Man MAB, PEPE’s 24-hour trading volume stands at 12.97 trillion tokens, valued at around $143.83 million. He describes this activity as moderate, suggesting that while the market isn’t entirely quiet, it lacks the energy....
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